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info on the fed
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2012
Lucy Rojas
Banking and investing
1/9/2012
II. The Federal Reserve which is also known as Bankers Bank and Central Bank of
the United States was created under the executive branch on December 23,
1913. It was created to fix the lack of organization in the distribution of money
throughout the United States.
III.
The fed- the organizer of the money that is distributed around the United
States.
12 district banks 25 other branches member FDIC banks
Board of Govenors- Their are 7 members in the BOG and they are nominated by the President and
confirmed by the Senate.
Federal Open Market Comittee- 7 members of the BOG of the FRS; the
president of the FRB of New York; and 4 of the remaining 11 Reserve Bank
presidents.
IV.
V.
“The Federal Reserve conducts
monetary policy by controlling
money distribution. These actions
help keep our economy stable by
monitoring money and controlling
the distribution of the money.