Federal Reserve

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-{{stub}}+{{Glossary|The [[central bank|central banking]] system of the United States.}}
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 +Also known as The Fed, it is comprised of a central Board of Governors (located in Washington, D.C.) and twelve regional Federal Reserve Banks located in major cities across the country.
 + 
 +==Role of the Fed==
 +The main points to remember of the Federal Reserve are:
 + 
 +* Its purpose is to supervise and regulate American fiscal policy.
 +* Fed policy is controlled by American banks who sit on the Fed's board, not the American government.
 +*Implement Monetary Policy by buying and selling U.S. Treasury Bonds and anything else it deems necessary
 +*Maintain a strong payments system
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 + 
 + 
 +[http://www.federalreserve.gov/ Federal Reserve web site]
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[[Category:Central banks]] [[Category:Central banks]]

Current revision

Definition:
The central banking system of the United States.


Also known as The Fed, it is comprised of a central Board of Governors (located in Washington, D.C.) and twelve regional Federal Reserve Banks located in major cities across the country.

[edit] Role of the Fed

The main points to remember of the Federal Reserve are:

  • Its purpose is to supervise and regulate American fiscal policy.
  • Fed policy is controlled by American banks who sit on the Fed's board, not the American government.
  • Implement Monetary Policy by buying and selling U.S. Treasury Bonds and anything else it deems necessary
  • Maintain a strong payments system


Federal Reserve web site