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| - | The Federal Reserve System, also known as the Federal Reserve or The Fed, is the [[central bank|central banking]] system of the United States. 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. | + | {{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. |
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| | ==Role of the Fed== | | ==Role of the Fed== |
| - | The main tasks of the Federal Reserve are: | + | The main points to remember of the Federal Reserve are: |
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| - | *Supervise and Regulate banks | + | * Its purpose is to supervise and regulate American fiscal policy. |
| - | *Implement Monetary Policy by buying and selling U.S. Treasury Bonds | + | * 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 | | *Maintain a strong payments system |
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| | [http://www.federalreserve.gov/ Federal Reserve web site] | | [http://www.federalreserve.gov/ Federal Reserve web site] |
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| | [[Category:Central banks]] | | [[Category:Central banks]] |
Current revision
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
