Federal Open Market Committee and Federal Reserve Bank: Difference between pages

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''US Banking.''  
''US Banking.''  


The Federal Open Market Committee(FOMC)within the United States Federal Reserve System is responsible for open market operations as a tool in effecting the central bank's monetary policy.
1.  


The Federal Open Market Committee has twelve members--the seven members of the Board of Governors of the Federal Reserve System; the president of the Federal Reserve Bank of New York; and four of the remaining eleven Reserve Bank presidents, who serve one-year terms on a rotating basis.
Strictly one of the the twelve Federal Reserve Banks which form a major part of the Federal Reserve System, the central banking system of the United States.


--See also--


2.
(Fed).
More loosely, the central bank in the US.
== See also ==
* [[Board of Governors of the Federal Reserve System]]
* [[Central bank]]
* [[Fed funds]]
* [[Federal Reserve System]]
* [[Federal Reserve System]]
* [[Board of Governors of the Federal Reserve]]
* [[Fedwire]]

Revision as of 14:25, 27 August 2013

US Banking.

1.

Strictly one of the the twelve Federal Reserve Banks which form a major part of the Federal Reserve System, the central banking system of the United States.


2.

(Fed).

More loosely, the central bank in the US.


See also