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The Federal Reserve System

Explore the Federal Reserve System through a computer model and map activity to learn its structure, roles, and significance in the U.S. financial system. Key questions and vocabulary terms included.

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The Federal Reserve System

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  1. The Federal Reserve System Interest Rates

  2. Descriptive Overview: • Students will complete a computer model of the organization of the Federal Reserve System. By clicking on the name of the organization, the role of the system will be identified. • Students will then be asked to locate the Federal Reserve Districts on a map of the United States

  3. Lesson Objectives/Goals: Students will: • Identify the organization and roles of the Federal Reserve System • Locate the United States Federal Reserve Banks on a map

  4. Key Questions: • What bank does the government use? Who organizes the banks? • Why is it necessary for all banks to follow the same guidelines for loans? • What are the parts of the Federal Reserve System?

  5. Terminology/Vocabulary: • monetary policy • Federal Reserve System • reserve requirement

  6. These descriptors should be linked to the various roles: Board of Governors • establishes policy of the banking systems • regulates the activity of the member banks • members of the board are appointed by the president and approved by the Senate • members serve 14 year terms • board decisions are not subject to the approval of the president or Congress

  7. Federal Reserve Banks • 12 Federal Reserve districts located in the United States • within each district, there is a Federal Reserve Bank • these banks operate the 25 branch banks • the Federal Reserve Bank is owned by the member banks in that region • member banks must invest in their district bank • each Federal Reserve Bank has a president who is appointed by a board of directors • six members are elected by member banks and three are appointed by the Board of Governors

  8. Member Banks • all national banks must be members of this system • state banks can join if they wish • any bank with the word “national” in it is a member of the system • member banks must keep funds in the in district bank • privileges: obtain funds by borrowing from their district bank, use the variety of other services offered, obtain financial advice, take part in electing the members for their district and receive dividends on the stock that they own in the district bank

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