The Federal Reserve System: Purposes and Functions

Booklet | Slide Show

This core publication of the Federal Reserve System is intended to provide a detailed look at the structure, responsibilities, and operating techniques of the System. Fully updated and rewritten in 1994 to include changes that took place in monetary and regulatory policies, in laws governing the Federal Reserve, and in the financial system since the 1984 edition. Chapters include: Overview of the Federal Reserve System, Monetary Policy and the Economy, The International Sphere, Supervision and Regulation, Consumer and Community Affairs, and Reserve Bank Services. Contains several appendixes, including a brief explanation of Federal Reserve regulations, a glossary of terms, and a list of additional publications.

Booklet | Slide Show