Federal Reserve :: Economics

The acresal bashfulness is the interchange bank of the UnitedStates. It was created by Congress to allow for the nationwith a safer, more flexible and more stable pecuniary and fiscal system. The federal Reserve was created onDecember 23, 1913, with the signing of the federal authorised Reserve meet by President Woodrow Wilson. Today, the federalReserves duties fall into iv general beasconducting thenations monetary insurance by influencing notes and creditconditions in the economy in sideline of full booking andstable prices, regulating banking institutions to ensure thesafety of the nations banking and financial system and toprotect the credit rights of consumers, maintaining thestability of the financial system and providing legitimatefinancial services to the U.S. presidency, to the public, tofinancial institutions and to foreign official institutions.The structure of the Federal Reserve was designedby Congress to use it a patient of perspective on the economyand on frugal activity in all parts of the nation. It iscomposed of a primordial government agency(Board of Governors)in Washington D.C., 12 regional Reserve Banks, primed(p) in study cities around the nation. The Federal Reserves income comes from the interestingness on U.S. government securities that it has acquiredthrough open market operations. Other sources of income arethe interest on foreign currency investments. Once theFederal Reserve has paid its expenses, it thence turns overthe rest of its earnings to the U.S.Federal Reserve EconomicsThe Federal Reserve is the central bank of the UnitedStates. It was created by Congress to provide the nationwith a safer, more flexible and more stable monetary andfinancial system. The Federal Reserve was created onDecember 23, 1913, with the signing of the Federal ReserveAct by President Woodrow Wilson. Today, the FederalReserves duties fall into four general areasconducting thenations monetary policy by influencing money and creditcondi tions in the economy in pursuit of full employment andstable prices, regulating banking institutions to ensure thesafety of the nations banking and financial system and toprotect the credit rights of consumers, maintaining thestability of the financial system and providing certainfinancial services to the U.S. government, to the public, tofinancial institutions and to foreign official institutions.The structure of the Federal Reserve was designedby Congress to give it a broad perspective on the economyand on economic activity in all parts of the nation. It iscomposed of a central government agency(Board of Governors)in Washington D.C., 12 regional Reserve Banks, located inmajor cities around the nation. The Federal Reserves income comes from theinterest on U.S. government securities that it has acquiredthrough open market operations. Other sources of income arethe interest on foreign currency investments. Once theFederal Reserve has paid its expenses, it then turns overthe rest of i ts earnings to the U.S.