tailieunhanh - Glossary of Federal Reserve Terms - Grade Levels: 10, 11, 12

On the publishing front, individuals wishing to share structured information through the Web must think in terms of a substantial publication process in which their information must be care- ully organized and formatted for reading and browsing by others. While Web logs, or blogs, nable lightweight authoring and have become tremendously popular, they support only unstruc- ured content. As an example of their limitation, one cannot blog a list of recipes and support rich browsing experience based on the contained ingredients | Glossary of Federal Reserve Terms Grade Levels 10 11 12 Document Type Reference Book Description Public understanding of the responsibilities of the Federal Reserve System is sometimes made difficult by the terms used in discussing the financial system. Some of the terminology relates to general economic concepts some originates in banking and some relates uniquely to the Federal Reserve. This document may be printed. Main Menu Document FEDERAL RESERVE glos sa-ry introduction Public understanding of the responsibilities of the Federal Reserve System is sometimes made difficult by the terms used in discussing the financial system. Some of the terminology relates to general economic concepts some originates in banking and some relates uniquely to the Federal Reserve. These days it would be quite reasonable for an expert in EFTS to inform a coworker that he used a debit card at an ATM to get money to buy a tennis racket. This glossary will help to translate this and other statements about our financial system. Board of Governors of the Federal Reserve System Washington . 20551 Revised November 1982 financial regulators and institutions Federal Reserve System The central bank of the United States created by Congress and consisting of a seven member Board of Governors in Washington . 12 regional Reserve Banks and depository institutions that are subject to reserve requirements. All national banks are members state-chartered banks may elect to become members and state members are supervised by the Board of Governors and the Reserve Banks. Approximately 37 percent of all banks are member banks including most large banks. Reserve requirements established by the Federal Reserve Board apply to nonmember depository institutions as well as member banks. Both classes of institutions are given access to Federal Reserve discount borrowing privileges and Federal Reserve services on an equal basis. Comptroller of the Currency An officer of the Treasury Department the .