Page 1

The Federal Reserve David Hernandez Banking and Investing January 9, 2012

II. The Federal Reserve, which is also known as Bankers Bank and Central Bank of the United States, was created by the Executive Branch on December 23, 1913. It was created to fix the organization and distribution of money throughout the United States.


The Fed

Board of Governers- 7 members of BOG, They are nominated by the president and confirmed the senate

12 District Banks

Federal Market Open Committee- 7 members, nominated by the president

25 Other Branches

Member FDIC Banks



“The Federal Reserve conducts monetary policy by controlling money distribution. These actions help keep our economy stable by monitoring money and controlling the distribution.�

The Fed  

Info on The Fed

The Fed  

Info on The Fed