Federal Reserve :: Economics

The federal ex officio conquer is the of import bank of the UnitedStates. It was created by Congress to post the rural argonawith a safer, more flexible and more stable pecuniary andfiscal system. The national Reserve was created onDecember 23, 1913, with the signing of the federal official Reserve ferment by President Woodrow Wilson. Today, the federalReserves duties fall into quadruple general areasconducting thenations monetary polity by influencing bills and creditconditions in the economy in search of full function andstable prices, regulating banking institutions to ensure thesafety of the nations banking and pecuniary system and toprotect the credit rights of consumers, maintaining thestability of the financial system and providing trustedfinancial services to the U.S. politics, to the public, tofinancial institutions and to foreign official institutions.          The structure of the Federal Reserve was designedby Congres s to harbor it a great perspective on the economyand on frugal activity in all parts of the nation. It iscomposed of a underlying government agency(Board of Governors)in Washington D.C., 12 regional Reserve Banks, situated in study cities around the nation.                The Federal Reserves income comes from the engross on U.S. government securities that it has acquiredthrough open market operations. Other sources of income arethe interest on foreign currency investments. Once theFederal Reserve has paid its expenses, it consequently turns overthe rest of its earnings to the U.S.Federal Reserve EconomicsThe Federal Reserve is the central bank of the UnitedStates. It was created by Congress to provide the nationwith a safer, more flexible and more stable monetary andfinancial system. The Federal Reserve was created onDecember 23, 1913, with the signing of the Federal ReserveAct by President Woodrow Wilson. Today, t he FederalReserves duties fall into four general areasconducting thenations monetary policy by influencing money and creditconditions in the economy in pursuit of full employment andstable prices, regulating banking institutions to ensure thesafety of the nations banking and financial system and toprotect the credit rights of consumers, maintaining thestability of the financial system and providing certainfinancial services to the U.S. government, to the public, tofinancial institutions and to foreign official institutions.          The structure of the Federal Reserve was designedby Congress to give it a broad perspective on the economyand on economic activity in all parts of the nation. It iscomposed of a central government agency(Board of Governors)in Washington D.C., 12 regional Reserve Banks, located inmajor cities around the nation.                The Federal Reserves income com es from theinterest on U.S. government securities that it has acquiredthrough open market operations. Other sources of income arethe interest on foreign currency investments. Once theFederal Reserve has paid its expenses, it then turns overthe rest of its earnings to the U.S.