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 | Can you tell me what a Federal Reserve System is? | |
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| Well yes, A Federal Reserve System is the central banking system in the U.S. and plays a major role in the supervision and regulations of banks. | |
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| Wow that is really interesting | |
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| Yes, the Federal Reserve's Basic powers are concentrated in the Board of Governors, which is paramount in all policy issues concerning bank regulation, supervision, and monetary control. | |
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| Hmmmmm...... | |
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| The boardenunciates the Fed's policies on both monetary and banking matters. Because the board is not an operating agency most of the day-to-day policy decisions is left to the Reserve Banks. | |
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