The Federal Reserve System

By: CoCo Collins

The Fed Overview

The purpose of The Fed is to manage the nations money supply and to regulate the amount of money in current circulation. They supervise other banks throughout the nation too.

Board of Governors

The Board of Govenors is made up of seven board members and is responsible for making decisions about the nations monetary policies. They are located in Washington D.C.

FOMC (Federal Open Market Committee)

The Federal Open Market Committee or FOMC is responsible for buying and selling of government securities. They are made of of the seven Board of Governers and presidents of four other districts who serve one year each.