The Federal Reserve System has a two-part structure: a central authority called the Board of Governors in Washington, D.C., and a decentralized network of 12 Federal Reserve Banks located throughout the country.
The Federal Reserve pyramid (or Fed pyramid) is a simple little diagram that depicts the structure of the Federal Reserve System, which takes in the two-dimensional shape of triangle (hence the term "pyramid" is not totally accurate), with a large base that comes to a peak.
