1 / 12

The Federal Reserve System

Learn about the Federal Reserve, the central bank of the US, its functions, ownership, and role in the economy. Explore how it influences monetary policy and financial stability.

bcolon
Download Presentation

The Federal Reserve System

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. The Federal Reserve System

  2. The FED • Is the central bank of the United States. • Privately owned • Publicly controlled • Was created by Congress to provide the nation with a more stable monetary and financial system. • Federal Reserve notes

  3. The FED Derives its authority from the U.S. Congress Independent central bank It does not receive money from Congress It is subject to oversight by Congress

  4. Private Ownership • Private banks are members of the Federal Reserve System. • The FED is owned by private banks, not the government. • It is the bank’s bank.

  5. Reserve Banks hold the cash reserves of depository institutions and make loans to them move currency and specie (coins) into and out of circulation, and collect and process millions of checks each day

  6. provide checking accounts for the Treasury supervise and examine commercial banks setting of monetary policy. destroy worn out money

  7. Federal Reserve Districts

  8. Federal Reserve Branches

  9. The Board of Governors The seven members of the Board of Governors are nominated by the President and confirmed by the U.S. Senate. No two Governors may come from the same Federal Reserve District. The full term of a Governor is fourteen years

  10. Chairman Jerome Powell (since Feb. 2018) • Is chosen by the President from among the sitting Governors and must be confirmed by the Senate. • They serve terms of four years • The Chairman serves as public spokesperson, representative of the Board, manager of the Board's staff, and presides at Board meetings.

  11. https://www.youtube.com/watch?v=y1OJlJ9COg0 Answer questions on handout

  12. Source www.federalreserve.gov

More Related