| Structure of the Fed | Functions of the Federal Reserve | Fed Balance Sheet | Monetary Policy Tools |
|---|---|---|---|
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The Federal Reserve Bank of Chicago
What Federal Reserve District is South Bend, IN located in?
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1. Assist in the conduct of monetary policy
2. Supervision and regulation 3. Consumer protection and community affairs 4. Government services 5. New currency issue 6. Check clearing 7. Wire transfer services 8. Research services
Name 4 of the 8 functions performed by the Federal Reserve.
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Reserves
Currency outside of banks (money in circulation)
Name the two largest liabilities of the Fed’s balance sheet.
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Increase
If the Fed Fund Rate decreased, then the money supply would...?
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The New York Federal Reserve district
What is the largest Federal Reserve District by asset value in the United States?
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1. Writing and interpreting regulations for consumer protection laws
2. Reviewing bank compliance 3. Investigating complaints from the public 4. Addressing issues of state and federal jurisdiction 5. Testifying before Congress 6. Community development
Name 2 of the 6 responsibilities assigned by Congress for Consumer Protection.
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Increase
If the Fed's treasury securities increase the money supply will...?
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To stimulate the economy
What is the purpose of the Fed purchasing securities and/or bonds?
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9
How many states make up the 12th district of the Federal Reserve?
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Fedwire
Automated Clearinghouse (ACH)
Name the two types of electronic transfer systems that are operated by the Federal Reserve.
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U.S. Government Agencies
Treasury Securities
Name the two largest assets of the Fed’s balance sheet.
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Monetary Policy
What is the major responsibility of the Federal Open Market Committee (FOMC)?
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The 1st district
What district is the Federal Reserve Bank of Boston responsible for?
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Check 21
What Act enacted by Congress begins the process of moving to a paperless environment and authorizes the use of an Image Replacement Document for settlement?
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Improving credit market liquidity
Supporting the mortgage and housing markets during the financial crisis
What actions did the Fed take that caused U.S. government securities to jump from 0% to 52.9% of total assets so fast?
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Janet Yellen
Who is the current Chairman of the Board for the Federal Open Market Committee (FOMC)?
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