The Federal Reserve System, also known as the Fed, is the central banking organization in the US set up by Congress to end financial panics. It includes 12 Federal Reserve District Banks and 25 Branch Banks that are run by a board of directors and oversees around 5,000 member banks. The Fed's main functions are to clear checks, regulate the money supply, set reserve requirements, and supply paper currency to the public.

1. FederalFederal
ReserveReserve
AKA: The FedAKA: The Fed

2. Learning Goal
To be able to identify the
major functions of The
Federal Reserve System.

3. Federal Reserve System
AKA: “The Fed”
The central banking organization in the
US
Set-up by Congress to end financial
panics
Includes:
12 Federal Reserve District Banks
25 Branch Banks
5,000 Member Banks
Run by a board of Directors

4. •12 District Banks
• 25 Branch Banks

5. Federal Reserve System
The 6 Functions of The Fed:
1. Clearing Checks
2. Acting as the Federal Government’s
Fiscal Agent
3. Supervising Member Banks
4. Regulating the money supply
5. Setting reserve requirements
6. Supplying paper currency

6. Federal Reserve System
F.D.I.C.
Federal Deposit Insurance Corporation
Federal government agency that protects
bank accounts and guards against bank
panics
Each account is insured up to $250,000.00

7. Federal Reserve System
F.D.I.C.
Federal Deposit Insurance Corporation
Federal government agency that protects
bank accounts and guards against bank
panics
Each account is insured up to $250,000.00