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Start Over Topic federal reserve banks Publication Type Books
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1. Putting Paper Money into Circulation.

Author

Clifford, Tim

Subjects
PAPER money, FEDERAL Reserve banks
Abstract

Information on the circulation of paper money in the U.S. from a chapter of the book "How Coins and Bills Are Made" is presented. Prior to circulation, bricks of notes are taken to each of the 12 Federal Reserve banks across the U.S. The money is then distributed by the Federal Reserve banks to local banks for circulation.

Published
2009

2. Federal Reserve System.

Subjects
CENTRAL banking industry, FEDERAL Reserve monetary policy, FEDERAL Reserve banks, MONEY, MONETARY policy
Abstract

The article reports that the Federal Reserve System is the central bank for the U.S. The system was established on December 23, 1913, originally to give the country an elastic currency, provide facilities for discounting commercial paper, and improve the supervision of banking. The Federal Reserve System consists of the Board of Governors, the 12 District Reserve Banks and their branch offices, and the Federal Open Market Committee. In addition to those responsibilities, it supervises the budget and operations of the Reserve Banks, approves the appointments of their presidents, and appoints 3 of each District Bank's directors, including the chairman and vice chairman of each Reserve Bank's board.

Published
2005