1. The Federal Reserve System - History and Structure
The Structure of the Fed - Two parts: the board of Governors and the 12 regional federal reserve banks - One of the jobs of the federal reserve banks is to audit the books of private sectors to ensure good standing and a healthy bank Decisions about monetary policy are made by the Federal Open Market Committee The Effectiveness of the Federal Reserve System - The Reconstruction Finance Corporation was established and given authority to make loans to banks in order to stabilize the banking sector in 1932... - The Glass Steagall Act of 1932 increased the ability of banks to borrow from the...
- Word Count: 858
- Approx Pages: 3
- Grade Level: High School