2012

Lucy Rojas

Banking and investing

1/9/2012

II. The Federal Reserve which is also known as Bankers Bank and Central Bank of

the United States was created under the executive branch on December 23,

1913. It was created to fix the lack of organization in the distribution of money

throughout the United States.

III.

The fed- the organizer of the money that is distributed around the United

States.

12 district banks 25 other branches member FDIC banks

Board of Govenors- Their are 7 members in the BOG and they are nominated by the President and

confirmed by the Senate.

Federal Open Market Comittee- 7 members of the BOG of the FRS; the

president of the FRB of New York; and 4 of the remaining 11 Reserve Bank

presidents.

IV.

V.

“The Federal Reserve conducts

monetary policy by controlling

money distribution. These actions

help keep our economy stable by

monitoring money and controlling

the distribution of the money.