Carly Hochstein 4B


Purpose- stablize a good economy

Regulations-regulate nations money supply

Supervision- sets limits for banks

Distric Banks and Locations- 12 in Boston, New York, Philadelphia, Cleveland, Richmond, Alanta, Chicago, St. Louis, Minneapolis, Kansas City, Dallas, and San Francisco

Other info

Board of Governors- people appointed by the President

FOMC- to control the open market, the discount rate, and the reserve requirements

Bureau of Engraving and Printing- to make moeny in the bill form they make 35 billion bills a day and 45% of hte oney made is $1

U.S. Mint- to make money in the coin form it began in 1792 in Philadelphia and they can produce 1.8 million coins an hour