The states are given plenary or police power in the federal system. This means that all powers not granted to other branches of government are reserved for the states.
To
A state governor represents his/her state, but doesn't have a role in the federal system.
The federal government has taken a more active role in areas once controlled by the states.
manage the state budget and finances and act as the states head banker.
The president determines whether to sign or veto bills passed by Congress.
The national government balances the power of the states.
To
Why does the Federal Reserve Bank of New York play a special role within the Federal Reserve System?
Chief Administrator.
The Federal Reserve helps by making the monetary policy. It does so in order to prevent the instance of a stagnant economy.
A state governor represents his/her state, but doesn't have a role in the federal system.
That the components of the federation - the states - have a large and legitimate role in political life, and must not be steamrolled by the central government.
Chief Administrator.
state and federal
Member banks are constituents of the Federal Reserve System in the United States. They are financial institutions that hold stock in one of the 12 Federal Reserve Banks and are subject to the regulations and policies set by the Federal Reserve. These banks play a crucial role in the implementation of monetary policy and the stability of the financial system.
The federal government has taken a more active role in areas once controlled by the states.
The federal government plays a large role in transportation policy through subsidy programs for state governments and a growing array of regulatory mandates. Modern federal highway aid to the states began in 1916. Then the interstate highway system was launched in 1956 and federal involvement in transportation has been growing ever since.