Essay About Federal Reserve And Economic Activity

Federal Reserve
Essay title: Federal Reserve
The Federal Reserve is the central bank of the United
States. It was created by Congress to provide the nation
with a safer, more flexible and more stable monetary and
financial system. The Federal Reserve was created on
December 23, 1913, with the signing of the Federal Reserve
Act by President Woodrow Wilson. Today, the Federal
Reserves duties fall into four general areas:conducting the
nations monetary policy by influencing money and credit
conditions in the economy in pursuit of full employment and
stable prices, regulating banking institutions to ensure the
safety of the nations banking and financial system and to
protect the credit rights of consumers, maintaining the
stability of the financial system and providing certain
financial services to the U.S. government, to the public, to
financial institutions and to foreign official institutions.
The structure of the Federal Reserve was designed
by Congress to give it a broad perspective on the economy
and on economic activity in all parts of the nation. It is
composed of a central government agency(Board of Governors)
in Washington D.C., 12 regional Reserve Banks, located in
major