martes, 2 de octubre de 2012

How does the Federal Reserve fit into the U.S. banking system? - III

Does the Federal Reserve process all the checks Americans write?
No. The Federal Reserve Banks handle less than one-third of all U.S. checks. Private entities process the rest.
Is the Federal Reserve responsible for regulating and supervising the entire U.S. banking system? No. It shares this responsibility with other federal and state regulatory agencies. Does the Federal Reserve set interest rates? The Federal Reserve is responsible for U.S. monetary policy. This means it makes policies that influence how much money and credit will be available to the U.S. economy. Interest rates often go up or down in response to the Federal Reserve’s monetary policy decisions, but only the discount rate is set directly by the Federal Reserve. The discount rate is the rate banks pay when they borrow from the Federal Reserve.

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