CH4 - SP2011

CH4 - SP2011 - FEDERAL RESERVE SYSTEM BANK OF THE U.S....

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FEDERAL RESERVE CENTRAL BANK OF THE U.S. FOUNDED BY CONGRESS UNDER THE FEDERAL RESERVE ACT IN 1913
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FUNCTIONS CONDUCT MONETARY POLICY MAKE MONEY SUPPLY RESPONSIVE TO ECONOMY OF DEPOSITORY INSTITUTIONS MAINTAIN STABILITY OF FINANCIAL SYSTEM (EX: LENDER OF LAST RESORT ) PROVIDE EFFICIENT PAYMENT
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STRUCTURE OF FRS 12 FEDERAL RESERVE DISTRICTS (2 IN MO?) RESERVE BANKS ACT AS DEPOSITORY INSTITUTIONS FOR BANKS IN THEIR DISTRICTS BOARD OF GOVERNORS (WASHINGTON, D.C.) FORMULATION AND CONDUCT OF MONETARY POLICY SUPERVISION & REGULATION OF BHC
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FOMC’s GOALS FULL EMPLOYMENT ECONOMIC GROWTH PRICE STABILITY SUSTAINABLE PATTERN OF INTERNATIONAL TRADE
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FUNCTIONS PERFORMED ASSISTANCE IN THE CONDUCT OF MONETARY POLICY BANK EXAMINATIONS CHECK CLEARING WIRE TRANSFER SERVICES FEDWIRE, ACH RESEARCH SERVICES FRBSL
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ASSETS & LIABILITIES OF LIABILITIES CURRENCY IN CIRCULATION RESERVES (BALANCES AT FRB + VAULT CASH) REQUIRED RESERVES EXCESS RESERVES MONETARY BASE CURRENCY IN CIRCULATION + RESERVES AN INCREASE IN THE MONETARY BASE WILL LEAD TO AN INCREASE IN THE MONEY SUPPLY
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ASSETS TREASURY SECURITIES GOLD FOREIGN EXCHANGE LOANS TO DOMESTIC BANKS
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This note was uploaded on 02/23/2011 for the course FIN 3080 taught by Professor Mercadose during the Spring '10 term at UCM.

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CH4 - SP2011 - FEDERAL RESERVE SYSTEM BANK OF THE U.S....

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