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The Federal Reserve is the central bank of the United States of America and it supervises/oversees the banking operations of all banks in USA. They are responsible for the proper functioning of all the banks and they are also the lender to the banks (The place where banks go to borrow money if they are short of funds)
Wiki User
∙ 13y ago
Wiki User
∙ 10y agoThe Federal Reserve is the central banking system of the United States. It was created in the year 1913. It is in-charge of supervising and monitoring banking operations in the United States. It sets the regulatory requirements, reserve ratios, interest rates etc that banks need to follow.
They monitor the US Economic scenario closely and make rules/laws to ensure that the US Economy is strong and growing well.
Wiki User
∙ 8y agocontrolling the money
controlling the money supply
Wiki User
∙ 12y agoto supervise and regulate banks
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What is the primary job of the secretary of the treasury and the chairman federal reserve in the US?
to keep the economy from being unmanageable.A+ answer
Who supplies money?
Whenever an economy uses a system of Fiat money, as the U.S. economy does, some agency must be responsible for regulating the system. In the United States, that agency is the Federal Reserve, often simply called the Fed. If you look at the top of a dollar bill, you will see that it is called a "Federal Reserve Note." The Fed is an example of a central bank-an institution designed to oversee the banking system and regulate the quantity of money in the economy. Other major central banks around the world include the Bank of England, the Bank of Japan, and the European Central Bank.The Fed has two related jobs. The first is to regulate banks and ensure the health of the banking system. This task is largely the responsibility of the regional Federal Reserve Banks. In particular, the Fed monitors each bank's financial condition and facilitates bank transactions by clearing checks. It also acts as a bank's bank. That is, the Fed makes loans to banks when banks themselves want to borrow. When financially troubled banks find themselves short of cash, the Fed acts as a lender of last resort-a lender to those who cannot borrow anywhere else-to maintain stability in the overall banking system.The Fed's second and more important job is to control the quantity of money that is made available in the economy, called the money supply. Decisions by policymakers concerning the money supply constitute monetary policy. At the Federal Reserve, monetary policy is made by the Federal Open Market Committee (FOMC). The FOMC meets about every six weeks in Washington, D.C., to discuss the condition of the economy and consider changes in monetary policy.
What role does the president play as economic leader?
The President, subject to consent by the Senate, appoints the chairman of the federal reserve bank and the Secretaries of Treasury and Commerce. With the help of his staff he prepares a federal budget which he sends to Congress as a starting point for budget discussions. Treasury manages the IRS and tax collection. He may make speeches to the public about his ideas on improving the economy.
How does the Federal Reserve bank attempt to influence money supply?
With so much money changing hands electronically now, all they have to do is say "Make it so". They actually didn't need the bailout money either, it could have been done without increasing the debt of the government, and it's interesting to note that the BANKS have gotten that money and are hanging on to it.
How does the fed counteract inflation?
The primary job of the Federal Reserve is to control inflation while avoiding recession. The tools it uses are: * Raising and lowering the Fed Funds rate, Although banks would like to loan out every dollar they can, the Federal Reserve mandates that they keep a certain amount of cash, or reserve balance, on deposit at their local Federal Reserve branch office at all times. The federal funds rate is the rate that banks charge each other for overnight loans of reserve balances. Each month the Fed, through its Federal Open Market Committee (FOMC), targets a specific level for the federal funds rate. This rate directly influences other short-term interest rates, such as deposits, bank loans, credit card interest rates, and adjustable-rate mortgages. Longer-term interest rates are indirectly influenced. Usually, investors want a higher rate for a longer-term Treasury note or bond. * Tightening or relaxing the amount of money allowed into the market, * Raising or lowering the amount of reserves banks need to keep on hand.
What consists of a federal job bank?
A job bank is a large database of employment opportunities. A federal job bank would then be a listing or database of federal job opportunities. Through a job bank website, one can search for jobs, post resumes, apply for jobs, and various other aspects associated with career building.
What is the main job of the Department of the Treasury?
creates currency ( paper money and coins ) collects income taxes regulates national banks and savings institutions The Federal Reserve Bank (a privately held corporation) prints money/coins. The US government has nothing to do with printing money.
What is the primary job of the secretary of the treasury and the chairman of the federal reserve?
To Keep the Economy from becoming unmanageable
Can State Legislatures audit the federal reserve banks that cover districts within their state?
No, that is the job of the federal government. The state governments have no jurisdiction in the matter.
In the United states what is the primary job of the secretary of the Treasury and the chairman of the Federal Reserve?
To keep the economy from being unmanageable
What is the judicail l main job?
lists the power of the federal courts
What is the job of ben bernanke?
Chairman of the Federal Reserve. They are mandated to regulate the banking industry and serve as general stewards of the US economy.
You and your girlfriend play the question game where you ask each other questions but I'm having trouble of thinking of good questions any suggestions?
1) What is your goal in life?2) hobbies?3) What are your priorities?4) What makes you happy?5) What are your pet peeves?6) Is being 'independent' or acquiring independence (self-reliant / career starter) important to you?7) What would you do if you can't find a job?8) What do you look for in a guy?9) Do you know anything about the Federal Reserve? The fact that our money is not backed by gold? Or that the Federal Reserve is printing out money out of thin air causing us inflation, increasing prices and decreasing our purchasing value? How do you feel about the Federal Reserve being our Central bank?10) How do you think about Obama's healthcare reform? Do you believe that there is much competition with the public option versus the private option? How do you think about more government spending? All these spending are backed by the Federal Reserve through stimulus money... how long do you think our country can last if we keep on depending on this broke system-- the Federal Reserve (a private bank... not a constitutional bank of the US)?
What is the main job of federal district court judge?
Presiding over trials.
What is the primary job of the secretary of the treasury and the chairman federal reserve in the US?
to keep the economy from being unmanageable.A+ answer
What education is needed to become a commissioned bank examiner?
Becoming a commissioned bank examiner is a long process of on-the-job training, classroom, and self-study. These training procedures and courses are followed by an examination, and when passed, qualifies you as a commissioned bank examiner. The training and course work to prepare for the exam is only obtained through a bank regulation agency such as the Office of the Comptroller of Currency (responsible for regulating national banks), the Federal Deposit Insurance Corporation (responsible for regulating state, non-Federal Reserve member banks), and the Federal Reserve (responsible for regulating state member banks and also bank holding companies). These agencies typically recruit college students in the fall and spring for "entry-level" bank examiner positions. These positions will provide the training and course work needed to be commissioned as a bank examiner. The typical time it takes to complete the necessary requirements is three to four years. Typically, in order to be considered for a job with one of the above regulation agency one must have a bachelor's degree from an accredited university. Preferable majors include accounting, finance, and economics.
Who supplies money?
Whenever an economy uses a system of Fiat money, as the U.S. economy does, some agency must be responsible for regulating the system. In the United States, that agency is the Federal Reserve, often simply called the Fed. If you look at the top of a dollar bill, you will see that it is called a "Federal Reserve Note." The Fed is an example of a central bank-an institution designed to oversee the banking system and regulate the quantity of money in the economy. Other major central banks around the world include the Bank of England, the Bank of Japan, and the European Central Bank.The Fed has two related jobs. The first is to regulate banks and ensure the health of the banking system. This task is largely the responsibility of the regional Federal Reserve Banks. In particular, the Fed monitors each bank's financial condition and facilitates bank transactions by clearing checks. It also acts as a bank's bank. That is, the Fed makes loans to banks when banks themselves want to borrow. When financially troubled banks find themselves short of cash, the Fed acts as a lender of last resort-a lender to those who cannot borrow anywhere else-to maintain stability in the overall banking system.The Fed's second and more important job is to control the quantity of money that is made available in the economy, called the money supply. Decisions by policymakers concerning the money supply constitute monetary policy. At the Federal Reserve, monetary policy is made by the Federal Open Market Committee (FOMC). The FOMC meets about every six weeks in Washington, D.C., to discuss the condition of the economy and consider changes in monetary policy.
