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The Federal Reserve System
SYSTEMPUBLICATION
&
PURPOSESFUNCTIONS
 
i
The Federal Reserve System
PURPOSES
&
FUNCTIONS
Board of Governors of the Federal Reserve System
Washington, D.C.
 
The Federal Reserve System: Purposes and Functions
First Edition, May 1939Second Edition, November 1947Third Edition, April 1954Fourth Edition, February 1961Fifth Edition, December 1963Sixth Edition, September 1974Seventh Edition, December 1984Eighth Edition, December 1994Ninth Edition,
 June
2005Library of Congress Control Number 39026719Copies of this book may be obtained from PublicationsFulfillment, Board of Governors of the Federal Reserve System,Washington, DC 20551.
Publications Committee
Lynn S. Fox,
Chair,
Scott G. Alvarez, Sandra Braunstein,Marianne M. Emerson, Jennifer J. Johnson, Karen H. Johnson,Stephen R. Malphrus, Vincent R. Reinhart, Louise L. Roseman,Richard Spillenkothen, and David J. Stockton
Purposes and Functions
is published under the direction of thestaff Publications Committee. It is assisted by the PublicationsDepartment, under the direction of Lucretia M. Boyer.
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