The RBIs Of Different Countries - Here Is The List Of Top Banks In Some Of The Most Popular Countries

Federal Reserve System is the central banking system of the United States of America. Governed by the Federal Reserve Act, the bank was established on 23^rd December, 1913 and completed 100 years of its existence last year. It is one of the most influential banks of the world, and the actions undertaken by FRS play a major part in the global economy.

It is the model bank on which most central banks of the world are based. It was established way back in 1694, though it was nationalised in 1946. In 1998, it became an independent public organisation, wholly owned by the government.

RBA was established on 14^th January, 1960. Other than being the central bank of Australia and the banknote issuing authority, it also serves the other central banks and official institutions. The constitution defines the roles of RBA as: stabilising the Australian currency, maintaining full employment in Australia and ensuring the economic prosperity and welfare in Australia.

BOJ is the central bank of Japan. Also called Nichigin, it is headquartered in Chuo, Tokyo. Operating the Japanese Yen, it was established in 1882 and re-organised in 1942. The bank issues and managed the currency, implements monetary policies and operates treasury and government securities other than compiling and analysing the data of the Japanese economy.

Canada's central bank was founded by the Bank of Canada Act on July 3, 1934, as a privately owned corporation. However, in 1938, it became a Crown corporation, belonging to the Monarchy of Canada. The role of the bank is defined as promotion of the economic and financial well-being of Canada.  

RBI is the central banking institution of India controlling the monetary policy of the Indian Rupee. The bank was established on 1st April 1935 when India was under the British Rule. After India gained independence on 15^th August 1947, RBI got nationalised in 1949.