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Federal Reserve System Federal Reserve

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									Federal Reserve System
        By: Anhthi Tran
            FTS-Money
Structure of The Federal
Reserve System
   Board of
    Governors
   12 Federal Reserve
    Districts
Monetary Policy (FOMC)
   Main Purpose        Structure of the
   Three Tools          FOMC
    Open Market
      Operations
    Discount Rate
    Reserve
      Requirements
Off the Gold Standard
   Fiat Money
   World War II
   August 15, 1971,
    Nixon
Federal Reserve Note
 Legal Tender
 United States notes
 BEP
Check Currency
Reasons Why a check is a currency
    - Bill of Exchange
    - Unit of comparison
    - Established as a payment
    - Replacement for Hard Money
Check Clearing
 Another Purpose
 How it works
    -verify
    -convert
 Check 21
Questions?

								
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