Transcription of The Fed Explained - Federal Reserve
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The Fed Explained - Federal Reserve
Federal Reserve system PUBLICATIONThe Fed ExplainedWhat the Central Bank DoesPUBLIC EDUCATION & OUTREACHFEDERAL Reserve system PUBLICATIONThe Fed ExplainedWhat the Central Bank DoesPUBLIC EDUCATION & OUTREACHF irst Edition, May 1939 Second Edition, November 1947 Third Edition, April 1954 Fourth Edition, February 1961 Fifth Edition, December 1963 Sixth Edition, September 1974 Seventh Edition, December 1984 Eighth Edition, December 1994 Ninth Edition, June 2005 Tenth Edition, October 2016 Eleventh Edition, August 2021 ISSN: 0199-9729 DOI: and other Federal Reserve publications are available online in the Publications section of the Federal Reserve Board s website, To order copies of publications available in print, access the Federal Reserve system Publication Order Form or contact: Publications Fulfillment(email) 202-452-3245(fax) 202-728-5886(mail) Mail Stop N-127 Board of Governors of the Federal Reserve System20th Street and Constitution Avenue, NWWashington, DC 20551 Contents1 Overview of the Federal Reserve system .
The Federal Reserve is unique among central banks. By statute, Congress provided for a central banking system with public and private characteristics. The System performs five functions in the public interest. The Federal Reserve System Federal Reserve Board of Governors 12 Federal Reserve Banks. 1 U.S. Central Bank 3 Key Entities 5 Key ...
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