Federal Reserve System

Safer, Smarter, More Secure.

The Fed

The purpose of the fed is to provide the country with a asfer more flexible monetary system. The 12 district banks are located in: New York, Boston, Philadelphia, Richmond, Cleveland, Atlanta, St. Louis, Minneapolis, Chicago, Kansas City, Dallas, and San Francisco.

Board of Govenors

There is 12 board of governors and they issue banking and consumer regulations. They are located in the capital of our great country, Washington D.C.

FOMC (Federal Open Market Committee)

The FOMC's consists of 12 members and those members help regulate the Federal Reserve System. They meet around eight times a year to discuss up coming problems or present problems and they try to fix them. They do this to try and make our ecnomy more stabel.

Bureau of Engraving & Printing

The bureau was formed on August 29, 1862 and has been standing strong ever since. This portion of the government is responisble for producing all of the security documents for the United States. The dollar bills back then were printed on sheets and were called Demand Notes!

U.S. Mint

The U.S. Mint was founded on April 2, 1792. This portion conducts trade, commerce, and coineage.
Big image