Free Discussion week 3 ECN221_1 Dissertation Example

Category: Banking
Subcategory: Economics
Level: College
Pages: 1
Words: 275
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Federal Reserve (Name) (Institution) Federal Reserve The Federal Reserve Bank is the largest and most influential financial institution in America. Its establishment dates back to 1913 when Congress met to set up a safe, stable and more flexible banking system that will meet all the financial needs of the American people. The bank has managed to gain a tremendous amount of power within the American financial system, establishing 12 more Federal Reserve Banks and 24 branches across the country. It operations are monitors by the Board of Governors also established by the Congress. Open Market Operations Steven et al. (2014) state that the Open Market Operations serves as the medium through which the central bank transacts U.S. Treasury bonds to influence the number of banks’ reserves and interest rate levels. The bank's primary target is usually the Federal Fund Rate. Moreover, the bank generates revenues through interest for loans once they have been repaid. In this case, th...

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