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.