Flashcard Set Preview
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| 1 |
What is the organization of the Fed.
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Federal Reserve District Banks
Member Banks
Board of Governors
Fedeeral Open Market Committee...
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| 2 |
Factors of the Federal Reserve District Banks
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12 Federal Reserve Districts
New York is most important
Commerical bank members are required...
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| 3 |
Roles of the Federal District Banks
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Clear Checks
Replace old currency
Provide loans to depository institutions
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| 4 |
Factors of Member Banks
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All national banks are required to be member banks
35% of all banks are members
70% of all...
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Factors of Board of Governors
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Made up of 7 members with offices in Washington
Members are appointed by the president and...
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Roles of Board of Governors
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Regulating Commerical banks
Controllling monetary policy
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| 7 |
Factors of Federal Open Market Committee
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Consists of 7 members of Board of Governors and 5 presidents of district banks
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Roles of Federal Open Market Committee
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Achieve stable economic growth
Price stability
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| 9 |
Examples of Advisory Committees
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Federal advisory Council
Consumer Advisory Council
Thrift Institutional Advisory Council
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| 10 |
Factors of Federal Advisory Council
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Consist of 1 member from each fed reserve district
Each member is elected by board of direccotrs
Meets...
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| 11 |
Factors of Consumer Advisory Council
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Consists of 30 members
Meets with board of governors 4 times a year to discuss consumer and...
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| 12 |
Factors of Thrift Institutional Advisory Council
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12 members
meets with Board of Governors 3 times a year
Represents savings banks, savings...
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| 13 |
Integration of Federal Reserve Components
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Advisory committees advise the board
The board oversees operation of the district banks
The...
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