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13 Cards in this Set
- Front
- Back
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WHAT ARE SOURCES OF CONFUSION AND PROBLEMS WITH AMERICAN BANKING BETWEEN 1836 AND 1907?
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-reserve requirements were difficult to enforce
-states of federal government were creating seperate banks -states charterd somebanks -federal govet charterd and rejected others |
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WHY THE FEDERAL RESERVE SYSTEM WAS UNABLE TO HOLD OFF THE GREAT DEPRESSION?
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12 regional banks each acted independently
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HOW THE CHAIR OF THE FEDERAL RESERVE'S BOARD OF GOVERNORS IS APPOINTED?
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president appoints among seven members with the advice and consent of the senate
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WHAT ARE THE FUNCTION OF EACH FEDERAL RESERVE BANK?
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to monitor and report economy
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THE MAKEUP OF EACH FEDERAL RESERVE BANK'S BOARD OF DIRECTORS?
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-3 bankers
-3 leaders of industry -3 for public |
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WHICH BANKS JOIN THE FEDERAL RESERVE SYSTEM AND WHY THEY JOINED?
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-all national charterd banks
-to recieve stock |
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THE MAIN FUNCTIONS OF THE FEDERAL RESERVES FEDERAL ADVISORY COUNCIL?
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collects information about each district and reports to the board of governers about economic conditions
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AREAS AFFECTED BY ANNOUNCMENTS FROM THE FEDERAL OPEN MARKET COMMITTEE?
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-financial markets
-rates for home morgages -other economic institutions |
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MONETARY POLICY?
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actions federal reserve take to influence the level of real GDP(gross domestic product) and the rate of inflation in the economy
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FEDERAL RESERVE DISTRICTS
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the 12banking districts created by the federal reserve acts
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FEDERAL ADVISORY COUNCIL
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the research arm of the federal reserve
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FEDERAL MARKET COMMITTEE
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federal reserve comitee that makes key decisions about interest rates and the growth of the u.s money supply
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BOARD OF GOVERNERS
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the seven member board that oversees the federal reserve system
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