The Fed’s Structure

778

The Federal Reserve System was created by the Federal Reserve Act in 1913 and began operating in 1914. The Fed is an unusual mixture of public and private elements. The structure consists of:

  • A Board of Governors
  • Advisory Councils
  • Federal Open Market Committee
  • Federal Reserve Banks
  • Federal Reserve Branches
  • Member Banks
  • Depository Institutions

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s