Washington, D.C.: Board of Governors of the Federal Reserve System, 2005. — 146 p.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.Contents
Preface
Overview of the Federal Reserve System
Monetary Policy and the Economy
The Implementation of Monetary Policy
The Federal Reserve in the International Sphere
Supervision and Regulation
Consumer and Community Affairs
The Federal Reserve in the U.S. Payments System
Appendixes
Index
