The Federal Reserve is the

The Fed is responsible for the country's

The mechanism a nation uses to probide and manage money for itself

The Fed structure is meant to

occurs when a central authority shares power with regional and local authorities

The Fed is comprised of how many regional central banks

12 regional central banks in the United States

Federal Reserve Banks were created to AVOID establishing

Why was New York not desired to be the only place for The Fed?

The greater the financial activity in an area the smaller the Federal Reserve Bank district.

The Fed identifies each district by

Each Federal Reserve Bank governs itself and supervises the member banks in its region.

Fed reports to

All members of the Board of Governors

The chair of the Board of Governors is usually referred to as the Fed chair.

The longest serving Fed chair was

All seven members of the BOG are also members of the Federal Open Market Committee

meets eight times a year to make key decisions that set US monetary policy and allow the FRS to carry out its functions

The chairperson of the BOG is also the chairperson of the FOMC.

Federal Open Market Committee (FOMC)

Those working for the Federal Reserve are held to a very low ethical standard.

The Fed districts were set up in the early 1900s.