The Federal Reserve System
The purpose of the Fed is to stabilize the economy. The Fed regulates the nation's money supply and it supervises the banks. The Fed supplies currency to district banks.
Board of Governors
The location of the board of governors is in Washington D.C. and there goal is to make sure that our economy stays balanced. They make sure the economy is balanced by closely analyzing data and organizing meetings to talk about the economy and what they can do to help American citizens.
Federal Open Market Committee
The FOMC regulates the amount of money and credit in the economy. The three major jobs of the FOMC are open market operations, discount, and reserve requirements. The main job out of those three is the open market operations.
Bureau of Engraving and Printing
The Bureau of Engraving and Printing's responsibility is to make currency for the Federal Reserve. An interesting fact about the Bureau of Engraving and Printing is it produces 35 million notes a day that have a face value of approximately $635 million. Another fact about the bureau is between Forth Worth, Texas, and Washington D.C. facilities, 18 tons of ink is used per day.
The responsibility of the U.S. mint is to produce an amount of coins for the nation to conduct trade and commerce. Another responsibility of the Mint is to distribute coins to Federal Reserve banks and branches. An interesting fact about the U.S. Mint is the first Mint building was the first building to be built by the government under the Constitution. Another facts about the Mint is the first director of the Mint, David Rittenhouse, was appointed by George Washington.