Purpose
The central bank of the United States
What is the Fed
The number of Federal Reserve district banks.
What is 12?
The policy-making group within the Federal Reserve System.
What is the FOMC
The deliberate control of the money supply by the Fed.
What is monetary policy?
The bank for banks
What is the Fed?
The number of the District WY is located in
What is 10?
Number of voting members
What is 12?
The activities of the Federal Reserve are controlled and coordinated by _____.
What is the Fed's Board of Governors?
Location of the District Bank for WY's region
What is Kansas City?
How often they meet to discuss the economy
Every 6 weeks
The minimum amount of reserves a bank must hold against its deposits, as mandated by the Fed.
What is the reserve requirement?
Number of people on the Board of Governors
What is 7?
One way that the District banks provide service to the banks in the region
What is currency distribution, Automated Clearing House, or Fedwire?
District Bank President, who is always a voting member on the FOMC
What is New York District Bank?
Length of term for a member of the Board of Governors
What is 14 years?
Purpose of the District Banks?
What is provide services and regulate banks in their region?
Each region reports to the FOMC on the state of the economy in its region. Name of this document where this information is reported.
What is the Beige Book?
When the Fed sells securities, this happens to the money supply.
What is decreases?