The Federal Reserve

By Ellie Cahill

The Fed

The Federal Reserve was created to supply the nation with safer more stable monetary and financial system. It regulates and supervises banks, conducta nations monetary policy and provides financial services to the government. The district banks are located in the following cities:

1. Boston

2. NEw York

3.Philadelphia

4.Cleveland

5.Richmond

6.Atlanta

7. Chicago.

8. St. Louis

9.Minneapolis

10.Kansas City

11.Dallas

12. San Francisco

The FOMC

The FOMC aka the Federal Open Market Comittee oversees the nations open market operations.

The Bard of Governers

The Board of Governers overseest the district banks and helps implement the monetary policy.

Bureau of Engraving and Printing

They create the paper money that we use in our economy. Their job is to produce all the paper money that the americans need to use and more.

U.S. Mint

The U.S. Mint purpose is producing enough coins for the nation to use daily.