Federal Reserve
System
美联储
CONTENTS
The establishment （建立）of Fed
01
02
ቤተ መጻሕፍቲ ባይዱ
The Structure of Fed
03
The Function of Fed
The establishment of Fed

In 1913,Congress passed the Federal Reserve Act.It
Board of Directors

Reserve Bank boards directors are divided into three classes of three persons each.Class A directors repersent the member commercial banks in the District,and most are bankers.Class B and Class C directors are selected to repersent the public,with due consideration ,commerce,to the interests of agriculture,industry,services,labor,and consumers.
Board of Directors(董事会)
The Board of Governors of the Federal Reserve System

The System consists of a seven member Board of Governors with headquarters（总部） in Washington ,D.C.,and twelve Reserve Banks located in major cities throughout the United States.The seven members are appointed by the President and confirmed by the Senate （参议院） to serve 14-year terms of office.The Board usually meets several times a week .Meetings are conduted in compliance with the Government in the Sunshine Act,and many meetings are open to public .
The Function of Fed

The Fed provide the nation with a safe ,flexible,and stable monctary and fiancial system.
The map shows locations of the Reserve Banks and their Branches
Board of Directors
Board of Directors
Class A Member Banks
Class B local Business
Class C Federal Reserve Board
The Structure of Fed

The Board of Governors of the Federal Reserve System(联邦储备委员会） The Federal Open Market Committee (联邦公开市场委员 会)



Federal Reserve Banks(联邦储备银行)
Federal Reserve Banks

Federal Reserve Banks were edstablished by Congress as the operating arms of the nation's central banking system.Many of the services provided by this network to depository institutions and the government are similar to services provided by banks and thrift institutions to business customers and individuals.Reserve Banks hold the cash reserves of depository institutions and make loans to them. They move currency and coin into and out of circulation, and collect and process millions of checks each day.
The Federal Open Maarket Committee

The Federal Open Maarket Committee is the most important monetary（货币） policymaking body of the Federal Reserve System.It is responsible for formulation （规划） of a policy designed to promote economic growth,full employment,stable prices,and a sustainable （足可支撑的） pattern of international trade and payments.The Committee makes key decisions regarding the conduct of open market operations purchases and sales of ernment and federal agency securities-which affect the provision of reserves to depository（存托） institutions（机构） and,in turn,the cost and anailability of money and credit in the U.S.

was signed by President Wooddrow Wilson on 23 December of the same year .Its purpose ,as stated in the act itself was to provide for the establishment of Federal reserve banks to furnish an elastic(灵活的) currency ,to afford means of rediscounting commercial paper ,to establish a more effective supervision(监督) of banking in the United states ,and for other purpose.