The Federal Reserve

By: Megan Fisher 4B

The Fed

The purpose of The Fed is to keep our banks safe and stable, along with keeping a stable economy. The Fed regulates money by taking out damaged bills and counterfits to allow proper use of currency, and to allow money to be regulated properly. The supervision of The Fed allows our banks to be strong, and stay sure that they stay strong. They also allow our consumers to have faith and trust in our currency. The District Banks are there to distribute currency and to be the "Bankers Bank". The locations of our District Banks are Boston, MA, New York, NY, Philadelphia, PA, Cleveland, OH, Richmond, VA, Alanta, GA, Chicago, IL, St. Louis, MO, Minneapolis, MN, Kansas City, MO, Dallas, TX, & SanFransisco, CA.

Board of Governors

The purpose of the Board of Governors is to play a role in The Federal Open Market Committee and to make important decisions in the FOMC. They are located in Washington, D.C.

Federal Open Market Committee (FOMC)

The purpose of the FOMC is to make laws to help regulate the economy. The function of the FOMC is to set monetary policy.

Bureau of Engraving & Printing

The responsibility of the Bureau of Engraving & Printing (BEP) is to provide the District Banks with money to distribute across America. Not only that, but to also take care of any damaged or counterfit bills/notes. Some facts about the BEP are that it was started in 1862, and it also has a Historical Resource Center (HRC) located on their website.

U.S Mint

The responsibility of the U.S Mint is to make and distribute coins to our District Banks and for them to distribute them across America. Some facts about the U.S Mint include: being founded in 1792, and the U.S Mint also has a large collection of historical artifacts, such as documents, coins, etc.