Understanding the Federal Reserve
Who does each Federal Reserve District president report to?
Board of Directors.
What is the goal of the Federal Reserve?
The goal of the Federal Reserve is to promote employment as well as stable prices and moderate long-term interest rates.
Monetary Policy
Amount of money in circulation.
What is the basic structure of the Federal Reserve?
1. Board of Governors 2. Federal Reserve Banks 3. Member Banks -- Other Depository Institutions 4. American People
How many Federal Reserve regions are there?
12 Federal Reserve Regions
How many Board of Governors are there in the Federal Reserve?
7 members appointed by the president.
What Federal Reserve region are Ohioans located in?
Cleveland, 4th district.
Which organization created the Federal Reserve?
Created by Congress to provide the nation with a safer, more flexible, and more stable monetary and financial system.
Fiscal Policy
How the U.S budgets that money every year.
What is the Federal Reserves primary source of income?
Interest earned on U.S. government securities that it has acquired through open market operations.
Who owns the Federal Reserve?
Other Banks
What is another way to say the Federal Reserve?
THE FED
Federal Reserve
The Federal Reserve System or the Fed was created in 1913 to serve as the central bank of the United States.
Who appoints the Board of Governors of the Federal Reserve?
The President appoints the Board of Governors.