Federal Reserve Ch 1

To regulate the supply of money in the country

To issue currency in the country

To oversee the country's banks

All of the above

By setting short-term interest rates

By setting long-term interest rates

By controlling borrowing costs

All of the above

To ensure the safety and efficiency of payments

To issue and distribute currency

To process electronic financial transactions

All of the above

To ensure the safety and soundness of banks

To prevent banking panics and crises

To maintain confidence in the banking system

All of the above

1893

1907

1913

1930

To oversee the Federal Reserve System

To make monetary policy decisions

To regulate and supervise banks

All of the above

6

9

12

15

The President of the United States

The Senate

The Federal Reserve Banks

The Board of Directors

To set monetary policy

To supervise and regulate banks

To process electronic financial transactions

All of the above

Through the congressional budget process

Through interest earned on government securities

Through fees charged for financial services

Through donations from member banks