The Fed By: Ben Quick

Structure of the Fed Privately owned and publicly controlled The Federal Reserve System is owned by it's member banks The Board of Governors establishes policies for the Federal Reserve and it's member banks to follow and controls the money supply The Board of Governors is appointed by the President

Structure of the Fed (Con't) Where the banks do their banking The 12 federal reserve district banks and 25 branch banks are located near the commercial banks they serve

Regulatory Responsibility The Fed monitors member banks' reserves The Fed oversees bank holding companies The Fed oversees foreign banks operating the U.S. As well as international operations of U.S. Member banks The Fed approves bank mergers

Other Federal Reserve Services Check Clearing Truth-in-Lending disclosures to millions of individuals who purchase or borrow from corporations, retail stores, automobile dealerships, and lending institutions. Issues paper currency

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