The Federal Reserve System
Securities
Bonds
Reserves
Cash available for withdraws
Federal Reserve Notes
paper currency issued by the fed that eventually replaced all other types of federal currency
Federal Open Market Operations
The buying and selling of US government securities by the Federal Reserve Banks for the purposes of carrying out monetary policy
Discount Rate
The interest rate on the loans that the Fed makes to banks
Open-market Operations
the purchase and sale of U.S. government bonds by the Fed
Board of Governors
the seven-member board that oversees the Federal Reserve System
Bonds
A certificate issued by a government or private company which promises to pay back with interest the money borrowed from the buyer of the certificate: The city issued bonds to raise money for putting in new sewers.
Fiscal Policy
A government policy for dealing with the budget (especially with taxation and borrowing)
Monetary Policy
F.E.D's tools to influence economy: open market operations, discount rate changes and reserve requirements
Federal Reserve System
The country's central banking system, which is responsible for the nation's monetary policy by regulating the supply of money and interest rates
