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Issue:

Business

 

Written by:

Mariam M

 

Date added:

July 4, 2015

 

Level:

University

 

Grade:

A

 

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5 / 1207

 

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There are three areas in which these policies are monitored the Board of Governors, the Federal Advisory Council, and the Federal Open Market Committee. The Board of Governors directs the operation on the Fed along with supervision over the twelve Federal Reserve district banks and regulated certain activities of member banks and all other depository institutions (FRB: Publiciation, 2008)...
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The twelve districts include Boston, New York, Philadelphia, Cleveland, Richmond, Atlanta, Chicago, St. Louis, Minneapolis, Kansas City, Dallas, and San Francisco. They meet eight times a year in Washington, DC. In addition, four other Reserve Bank Presidents serve in rotation and contribute to the Committee's discussions and deliberations (FRB: Publication, 2008)...
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