Fed Reserve Functions

Ryder McCain & Jared Leonard

Facts About the Fed

There are 12 districts in the United States North Carolina falls under the 5th district (Richmond). There is federal government agency called Board of Governors in Washington D.C. The federal reserve is the central bank of the United States. Board meets twice a week normaly on Mon. and Wen. There are seven members in the bord of governments. The public is invited to join the meetings. http://blogs.cfr.org/renewing-america/2012/06/page/2/

Facts about the Fed

All National Banks are required to be a part of the Fed. State has the option to join if they want. The current chairman of the Board of Governors is Ben S. Benake. Organized by the Federal government in 1913. President Woodrow Wilson signed the Federal Reserve Act into law.