The Fed

The government agency that controls it all!


The Fed is the government agency that controls a huge part of your life: the economy. The Fed's job is to stabilize the economy, along with other responsibilities. Regulate nation's money supply, supervise banks, supply currency, and oversee the development and function of the payment system are all jobs that the agency needs to do. The Fed separated parts of the country into 'district banks' that have a major city's bank supply that region's money supply. For example, the Chicago, Illinois bank takes care of the region it's located in.

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Board of Governors

The Board of Governors is located in the New York district. It's a group of 7 members that come together sand discuss problems with currency or money amount.

Federal Open Market Committee (FOMC)

The FOMC is responsible for price stability. This government function regulates supply of money in the economy, reserve requirements, and open market operations. Most of all, the FOMC sells or buys government bonds.

Bureau of Engraving and Printing

For the Bureau of Engraving and Printing, their responsibility is to control the nation's currency. The Bureau keeps track of all the money they make and make sure it gets to your bank! The most common location for the Bureau is Washington D.C. However, there is another in Fort Worth, Texas.

U.S. Mint

All pennies, nickels, and coins are created by the U.S. Mint. The U.S. Mint is a huge part of the government, especially the Bureau of Engraving and Printing.