https://padlet.com/10120814/y8p4utaghmsk By: Lily Lefon en-us 2019-05-02 16:20:08 UTC 2025-10-22 10:18:12 UTC hello@padlet.com 10120814 https://padlet.com/10120814/y8p4utaghmsk/wish/356395347 * Something that is unique about the Fed is that it is privately owned by its member banks. 
* National Banks must belong to the Fed, and State Banks have the choice to belong or not.
* The original decision to make the Fed a stock corporation was a matter of necessity because the government did not have enough money to set up a new banking system, instead banks were required to purchase shares when they joined. 
* Private individuals are not allowed to buy shares in the Fed, although they become indirect owners by buying shares of stock in the Fed-member bank. ]]> 2019-05-02 20:30:20 UTC https://padlet.com/10120814/y8p4utaghmsk/wish/356395347 10120814 https://padlet.com/10120814/y8p4utaghmsk/wish/356396928 * The Fed is owner by a seven-member Board of Governors, each member is appointed by the president of the US and approved by the Senate to serve a 14-year term of office. The appointments are vacant every two years.
* The Board is primarily a regulatory and supervisory agency, it set general policies for its member banks to follow and regulates certain aspects of state-chartered member banks' operations. ]]> 2019-05-02 20:35:46 UTC https://padlet.com/10120814/y8p4utaghmsk/wish/356396928 10120814 https://padlet.com/10120814/y8p4utaghmsk/wish/356398748 * Monetary Policy is based on the mechanism of supply and demand. 
* When the Fed conducts its monetary policy it changes interest rates by changing the size of the money supply 
* Under easy money policy the Fed expands the money supply, causing interest rates to fall, such a policy stimulates the economy because people borrow more at lower interest rates. 
* Under a tight money policy, the Fed restricts the size of money supply. 
* The Fed can use three major tools to conduct monetary policy, each tool works in a different way to change the amount of excess reserves - the amount of money a bank can lead to others ]]> 2019-05-02 20:42:25 UTC https://padlet.com/10120814/y8p4utaghmsk/wish/356398748 10120814 https://padlet.com/10120814/y8p4utaghmsk/wish/356400879 2019-05-02 20:50:58 UTC https://padlet.com/10120814/y8p4utaghmsk/wish/356400879 10120814 https://padlet.com/10120814/y8p4utaghmsk/wish/356400886 * The chair is the "active executive officer" of the Board of Governors of the Fed. 
* The current chairman is Jerome Powell , who was sworn in on February 5, 2018. ]]> 2019-05-02 20:50:59 UTC https://padlet.com/10120814/y8p4utaghmsk/wish/356400886