The
Federal Reserve System (also the Federal Reserve; informally The Fed)
is the central banking system of the United States.
The Federal Reserve System is a quasi-governmental banking system
composed of (1) a presidentially-appointed Board of Governors of the
Federal Reserve System in Washington, D.C.; (2) the Federal Open Market
Committee; (3) 12 regional Federal Reserve Banks located in major
cities throughout the nation; and (4) numerous private member banks,
which own varying amounts of stock in the regional Federal Reserve
Banks. Ben Bernanke serves as the current Chairman of the Board of
Governors of the Federal Reserve System.
Courtesy
of: www.wikipedia.org
Gold
Information Page 9
The
Federal Reserve
|