The Federal Reserve System

This is the ninth edition of The Federal Reserve System: Purposes and Functions. It has been revised by staff members of the Federal Reserve Board to reflect the changes that have taken place in the monetary, regulatory, and other policy areas since publication of the eighth edition in 1994. It incorporates major changes in the law and in the structure of the financial system that have occurred over the past decade.

  1. Overview of the federal reserve system
  2. Monetary policy and the economy
  3. The implementation of monetary policy
  4. The federal reserve in the international sphere
  5. Supervision and regulation
  6. Consumer and community affairs
  7. The federal reserve in the U.S. payments system
  8. Appendixes
  9. Index