Bulan, Kenneth Christian C.

December 11,
2021

BSBA – FMGT 2B Monetary Policy and Central Banking (FMT

112)

20200961-M Mr. Iann

Sicat

Task #1: The Diagram of the different Division/Components of the Federal Reserve System.

The Board of Appoints six (6)

Governors Twelve Federal Reserve Banks directors to
Board of Governors Member Banks
selects three (FRBs) every Federal
In the Board of Governors, (3) chiefs to Reserve
each Federal In this division, each of the twelve Banks. There are around 2900 members
there are only seven (7)
members including the Reserve Banks (12) Federal Reserve Banks with its of the Commercial Banks that are
chairman. They are nine directors have the choice to included.
exclusively appointed by appoint its own president and other
Reserve System

the president of the United officers of the Federal Reserve

Federal

States and being confirmed Banks.

by the Senate.

Select

Federal Open Market Committee

Reviews and (FOMC) Federal Advisory Council
Determines
There are seven (7) members of Consists of twelve (12) members
Board of Governors plus presidents (bankers), one from each district.
Sets (withun of Federal Reserve Banks of New
limts) York and four (4) other FRBs
Establish

Advises Directs Advises

Policy Tools

Reserve
Open Market Discount
Requirements
Operations Rate
Task #2