The Federal Reserve System

Information that you should know about the FED

The Fed

Purpose:

- Oversee the development and function of the nations payment system

- Supply currency to reserve banks

Regulation:

- Regulate the nations money supply

Supervision:

- Supervise all banks

District Banks & Locations:

- 12 distict banks

- Locations~ Boston, New York, Philadelphia, Cleveland, Richmond, Atlanta, Chicago, St.Louis, Minneapolis, Minnesota, Kansas City, Dallas, Sanfransisco

Board of Governers

Location: Washington D.C

Purpose: Makes the Monetary Policy

FOMC (Federal Open Market Commitee)

Function: Open market operations

Purpose: Make discount rate

Bureau of Engraving & Printing

Resposibility: Make all paper money

Facts:

- Located in Washington D.C.

- Established in 1862

U.S. Mint

Resposibility: Makes all coin money

Facts:

- Four locations of U.S. Mints

- Created in 1792