The Federal Reserve By: Jennifer Braswell Banking and Investing 3rd 1/6/12
II. The Federal Reserve is a central banking that is government runned and is responsible for economic and monetary policies, as well as regulating the financial institutions in the country. One of its primary goals is to keep the economy of the country running smoothly. â€œThe Fedâ€? is one nick
name for the Federal Reserve. The judicial branch of government created The Fed. The year it was created was December 13th 1913.
The Fed FOMC controls the three tools of monetary policy--open market operations, the discount rate, and reserve requirements.
FOMC consists of twelve members
7 members and appointed by the Senate
12 FR banks
prices. Federal Reserve is your place!
V. The Federal Reserve conducts monetary policy by These actions help keep our economy stable by Increasing and the Changing the amount of money banks need to keep in the vault bank reserves. Read more: http://www.investopedia.co m/terms/m/monetarypolicy .asp#ixzz1jAPbOGad
Ensuring enough money and credit without inflation.