1. The Fed
By: Ben Quick

2. 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

3. 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

4. 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

5. 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

6. Questions?