Federal Reserve Project

By, Colton Wilcox

Goals and Responsibilities

The FRS tries to keep employment up and money stable. They also supervise and regulate the banks and other companies. They maintain and stabilize the Financial System and containing systematic risk that might happen in financial markets. They Provide certain financial services to the U.S. Government, U.S. Financial institution and foreign institutions that are important.

Federal Reserve System

The Federal Reserve System has three primary functions. The First is Monetary policy. The second is Supervision and Regulation. The final function is Financial Services. Their is twelve Regional Reserve Banks in the U.S. The Federal Reserve System was created in 1913.

Board of Governors

U.S. Mint, District Reserve Bank And BEP

U.S. Mint

The U.S. Mint produces coins for the united states to conduct their trade and commerce. The U.S. Mint was created in 1792 placed in the Department Of State.

District Reserve Bank

This is the main bank in the United States and the most powerful Financial institution in the world. It was created in 1913.


BEP stands for U.S. Bureau of Engraving and Printing. The BEP prints money and engraves. The BEP was Formed in August 19, 1862.
Big image

History of the Fed, Banking, and Currency

The first bank in the United States headquarters are in Philadelphia in 1791. In 1913 President Wilson signed the Federal Reserve Act into law. During the Civil War in 1863 they signed The National Banking act which made everyone use the same currency for the nation.

FOMC and Monetary Policy Tools

The FOMC stands for Federal Open Market Committee. The FOMC has 12 members and seven members of the Federal Reserve Board. They hold 8 meetings per year and talk about economic and financial conditions. During the 1920's, the fed started using Monetary Policy Tools. Open Market Operations are flexible. The most frequent tool of Monetary Policy.


Inflation is the sustained increase in the general level of the prices for goods and services. Recession is the period of temporary economic decline. Depression is the long and severe recession in an economy or market.