Date ___________________ Pd _______
Unit 4 Monetary Policy (Chapters 13,
The Federal Reserve, the
central bank of the United States, was founded by Congress in _____ to provide the
nation with a safer, more flexible, and more stable monetary and financial system.
Today the Federal Reserve's duties fall into four general areas:
supervising and regulating _____________________________maintaining the stability of the financial
providing certain___________________________________, the public, financial institutions, and
foreign official institutions
ck on About the Fed
Click on Members of the Board of Governors
List the current Board members:
Click on Federal Reserve System
Click on Structure of the Fed
Read all 4 sections (Board of
Market; Reserve banks; Board of Directors)
The _____ members of the Federal Reserve Board are nominated by the _______ and confirmed by the
___________. A full term is ____ years. One term begins every _____ years, on February ___ of ____
rs. A member who serves a full term (may or may not) be reappointed. A member who
completes an unexpired portion of a term (may or may not) be reappointed. All terms end on their statutory
date regardless of the date on which the member is sworn into offi
ce. The Chairman and the Vice Chairman
serve a term of ____ years.
Click on Ben Bernanke
He was designated Chairman by which President(s)?
His current term as a member of the Board will end on ____________________
Click on H
List the 12
Federal Reserve Districts:
Under “What does the FOMC do?”
What does it oversee?
What is the principal tool of monetary policy?
open market operations?
Who are the members of the FOMC?
What is the federal funds rate?
a decrease in the federal funds rate lead to?
can excessively high economic activity lead to?
What will an increase in the federal funds rate do?
is the discount rate?
What is monetary policy?
Under “How does the Federal Reserve implement monetary policy?” define the three tools of
Open Market operations
20. Using these tools,
the Federal Reserve influences the demand for and supply of balances that depository
institutions (banks) hold on deposit at Federal Reserve Banks and thus the federal funds rate. What things are
affected by changes in the federal funds rate?
Click on Site map
(1) About the FED
What’re the functions of the Treasury
Fun Money websites
(Our Atlanta branch of the Fed)
(I can’t do these, but maybe you can)
(tracks $1 bills
check out the sample
you do NOT have to sign on for our class