(Jiayin, September 29), November 16, 1914, the U.S. Federal Reserve Bank was formally established.



U.S. Federal Reserve Bank: Federal Reserve Bank is the world's most powerful bank, the dollar and gold in the world, a place where most. No. 33 in Liberty Avenue. (L $ dj��.c��m)
the U.S. Federal Reserve Bank (Federal Reserve Bank), is actually composed of twelve banks and their distribution throughout the United States twenty-five regional branches. Although it was originally set up in order to stabilize and protect the banking system of the United States, but its main duties is to control inflation.
According to the constitution of the Federal Reserve Bank of the United States, its purpose is "to help to eliminate the effects of inflation and deflation, and actively involved in the creation of the environment, promote high employment rate, price stability, economic growth and rising consumer level. "
the U.S. Federal Reserve Bank (the" Fed "), another important duty is to promote the safe and efficient flow of funds in the banking system. Date, the Fed has greatly improved the efficiency of the payment system to encourage scientific and technological innovation, in areas such as electronic transfer. The first flow of funds by telegraph, time can be traced back to 1918. Eventually, the Fed will be moving toward the paperless currency or the future of electronic money, once achieved, it's the day-to-day duties - to replace the old currency and the confiscation of counterfeit notes, will cease to exist. (Lssdjt.cn)
Fed composed of the president by a seven-member committee responsible for the management of all members by the president to be appointed. The term of office of each member of up to 14 years. Consists of a Chairman and a Vice-president of the Commission, whose term of office of four years. By the twelve members of the Federal Open Market Committee (FOMC) is an important influential organizations, the Committee held eight meetings a year to discuss the U.S. economy and monetary policy.
In short, control of the world economy, the U.S. economy, and all in the hands of the U.S. Federal Reserve Bank. (L $ dj��.��r��)
Comments: One of the world's most important financial institutions.