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Federal Reserve in a nut shell.
Congress created a reserve system called the Federal Reserve System under their powers of government this is called an act of congress. The seven member Board of Governors united headquarters is in Washington D.C. There are twelve banks located in key cities all over the United States.
The Federal Reserve System is made up of several areas of government. The Board of Governors, Federal open market committee, Federal Reserve banks, Board of Directors, all make up the sometimes smoothly run system.
The Board of Governors
Appointments to the Board
The seven members of the Board of Governors…
- Federal Reserve in a nut shell.
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