The Fed

Provide price stability

Regulate the nations money supply

Supervise banks

Supply currency to reserve banks

Oversee the developement and function of the nations payment system.

Board of Governors

Located in New York

Head people of the FED

Set the rules for banks

Term of office 14 years

Nominated by president

Approved by senate

Focus on money supply


7 board of governors

NY Pres of Federal Reserve District

Presidents of 4 other districts who serve a 1 year term

12 members total

Bureau of Engraving & Printing

Print paper currency

Central bank of US

Does not produce coins

Largest producer of government security documents

U.S. Mint

To make coins

Created by Congress with the Coinage Act of 1792

First Mint building in Philadelphia

Headqaurtered in Philadelphia

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