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Cards In This Set
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3 parts of federal reserve structure
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Federal reserve banks, borad of governors, federal open market committees
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How any districts in fed reserve
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12
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Are fed reserve banks profit or non profit>?
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Non profit
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Fed reserve is not a federally chartered bank. t or f
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False
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Fed reserve banks owned by
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Commercial banks members
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Member banks ____ 6 members. board of governors _____ 3 memebers
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Elects... appoints
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Directors represent.. 3 things
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Professional banksers, prominent business leaders.. and public interests
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Fed reserve banks are over seen by
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Board of directors and board of governors
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_____ banks are required to be members
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National
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_____ _____ banks may elect to join
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State commercial
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All depository insitutions are required to maintain reserves. true or false
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True
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What does the fed reserve systerm do? 3 things?
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Issue new currency, maintain treasury bank accts/electorinc pmts, manage treasury borrowings
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Fed reserve system.. bankers bank.. 6 things
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Hold deposits for banks in districts, operate insure integrity of electronic pmts, make funds available to commercial banks( disc loans) , supervise and regulate financial institutions, collect data
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Structure of fed reserve system... how many govs ?
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7
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How are chairman and vice chairmen selected?
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Appoinmnet by president
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