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Federal Reserve System

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Presentation on theme: "Federal Reserve System"— Presentation transcript:

1 Federal Reserve System
By: Anhthi Tran FTS-Money

2 Structure of The Federal Reserve System
Board of Governors 12 Federal Reserve Districts

3 Monetary Policy (FOMC)
Main Purpose Three Tools Open Market Operations Discount Rate Reserve Requirements Structure of the FOMC

4 Off the Gold Standard Fiat Money World War II August 15, 1971, Nixon

5 Federal Reserve Note Legal Tender United States notes BEP

6 Check Currency Reasons Why a check is a currency - Bill of Exchange
- Unit of comparison - Established as a payment - Replacement for Hard Money

7 Check Clearing Another Purpose How it works -verify -convert Check 21

8 Questions?

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