CH. 15.1 Notes : The Federal Reserve Bank

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CH. 15.1 Notes The Federal Reserve Bank
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• The Federal Reserve Bank
• A. Official bank of the U.S.
• B. 12 branches throughout the U.S.

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• C. Main Responsibilities
• 1. regulates/monitors regular banks
• 2. Creates our money through
• a. Bureau of Engraving Printing
  
• paper money
• b. Bureau of the Mint coin money
• 2. lend money to regular banks
• 3. clear checks

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• 4. Passes laws protecting consumers
• who borrow money
• 5. keeps banks foreigners money
• 6. most importantly, conducts our
• money policy (Ex. Raising /
• lowering interest rates)

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• II. Structure of the Fed
• A. Board of Governors gt 7 members
• appointed by the Pres. to supervise
• the Fed
• 1. Leader is Ben Bernanke 2nd most
• powerful person in U.S.

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• B. Federal Open Market Committee gt
• conducts money policy of the U.S.
• They supervise the .
• C. Twelve Federal Reserve Banks gt They
• interact with and lend money to regular
• banks, like Wells Fargo.

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• III. Vocab.
• A. Creditor who you owe money to
• B. Time Deposit another word for C.D.
• Money you save and cant touch.
• C. Member Banks regular banks who
• are supervised by the Fed Bank
• D. Net Worth what you are worth after
• you pay off everything you owe.

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• http//www.usmint.gov/ the mint
• http//www.usmint.gov/kids/games/ the mint
  games
• http//www.moneyfactory.gov/ bureau of
  engraving printing