The 10th edition of The Federal Reserve System Purposes & Functions details the structure, responsibilities, and aims of the U.S. central banking system. The Federal Reserve System performs five functions to promote the effective operation of the U.S. economy and, more generally, to serve the public interest. It includes three key entities: the Board of Governors, 12 Federal Reserve Banks, and the Federal Open Market Committee.

1. Overview of the Federal Reserve System The Federal Reserve performs five key functions in the public interest to promote the health of the U.S. economy and the stability of the U.S. financial system. 2. The Three Key System Entities The Board of Governors, the Federal Reserve Banks, and the Federal Open Market Committee work together to promote the health of the U.S. economy and the stability of the U.S. financial system.







A publication of the Board of Governors of the Federal Reserve System

This book is available in Adobe Acrobat format, as a complete publication or by chapter.

https://doi.org/10.17016/0199-9729.10



Complete publication (29 MB PDF)



