What are the general functions of 12 federal reserve banks

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Question: A. What are the general functions of the 12 Federal Reserve Banks? B. In what ways is the Board of Governors involved in the decisions concerning the conduct of monetary policy? C. What is the special role of the FRB of New York? D. What are the "books" of the FOMC? What does each book cover? E. Before the twentieth century, what was the major characteristic of American politics? How was this designed to be controlled? F. What other duties does the Board of Governors have that are not directly related to monetary policy? G. How can the president influence the Federal Reserve? H. What decisions does the FOMC make? What documents does it produce? I. In what ways does the Federal Reserve maintain its independence from Congress? J. In what ways can Congress influence the Federal Reserve? K. What has been done to remedy conflicts of interest? L. Should the Fed be independent?

Reference no: EM133542946

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