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Understanding the Federal Reserve System and its Vital Role in the US Economy

Learn about the main role of the Federal Reserve, the selection process for the Board of Governors, the number of districts, services to banks, and the Fed’s involvement in the U.S. Treasury. Explore its functions like check clearing, loans to banks, and regulatory oversight.

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Understanding the Federal Reserve System and its Vital Role in the US Economy

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  1. Bell Ringer #3 – 3/10/11 • Provide 1 main role for the Federal Reserve. • How is the Board of Governors selected for the Fed? • How many Federal Reserve districts exist in America?

  2. Services to Banks, by the Fed • The Fed helps make banking services at your local bank easier in 2 ways: • Check clearing – Keeps track of the 30 billion checks written by Americans each year by crediting or debiting each banks reserves. • Loans to Banks – the Fed serves as the “lender of last resort” to local banks in need.

  3. The Fed’s role in U.S. Treasury • Serving as the government’s bank • Supervising the Fed’s member banks • Regulating the national money supply

  4. Exit Slip / Partner Activity • Read “Building Businesses in the Inner City” on page 340. • Copies the two questions on a piece of paper and answer them on your own or with a partner. • Turn it at the end of class.

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