Explain in detail the organization of the Federal Reserve System
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The Federal Reserve System is the central banking system of the United States. It was created in 1913 with the enactment of the Federal Reserve Act, largely in response to several financial panics. The roles and responsibilities of the Federal Reserve System have expanded and its structure has evolved. The Federal Reserve System is responsible for conducting the nation's monetary policy, supervise and regulate banks, maintain the stability of the financial system and provide financial services to depository institutions, the American government and foreign official institutions.
The Federal Reserve System is composed of the Federal Reserve Board also known as the Board of Governors(its members are appointed by the President), the Federal Open Market Committee, twelve regional Federal Reserve banks located in major cities throughout the nation, several privately owned U.S. member banks and ...
The organization of the Federal Reserve System is described in this solution.
Federal Reserve: Reasons for bank regulations, effect of policies
In the individual assignment due this week, students explore the reasons behind regulating banks and how that regulation relates to the formation of the Federal Reserve System. Students demonstrate an understanding of the effects Federal Reserve policies have on interest rates, financial markets, and financial institutions. Students are given the opportunity to participate in additional activities that further explore the risks faced by financial institutions and how those risks are measured.
In the Learning Team assignment due this week, students deepen their understanding of the services provided, main source of funding, interactions with financial markets, and how Federal Reserve policies affect financial institutions.View Full Posting Details