| Chapter Outline (See related pages)
Major Duties and Responsibilities of the Federal Reserve System: Chapter Overview
Structure of the Federal Reserve System
Organization of the Federal Reserve System
Board of Governors of the Federal Reserve System
Federal Open Market Committee
Functions Performed by Federal Reserve Banks
Balance Sheet of the Federal Reserve
Monetary Policy Tools
Open Market Operations
The Discount Rate
Reserve Requirements (Reserve Ratios)
The Federal Reserve, the Money Supply, and Interest Rates
Effects of Monetary
Tools on Various
Economic Variables
Money Supply versus
Interest Rate Targeting
International Monetary Policies and Strategies
Impact of U.S. Monetary
Policy on Foreign Exchange Rates
Challenges of Other Major Central Banks
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