What Is The Federal Reserve Bank?

This is an educational video created by the Federal Reserve Bank to explain what they do. The Federal Reserve is the Central Bank of the United States of America.

What Is The Federal Reserve Bank? / Educational Video. Public domain video. Federal Reserve Bank of St. Louis. Where the Bankers Bank. "We all know what this is ... it's money. And people like you use money every day ... We all know how to spend money. That's easy. But do you know where it comes from? Or for that matter, what happens to it after you spend it?" These questions and more are answered in WHERE THE BANKERS BANK. Created by the Federal Reserve Bank of St. Louis, the video takes you on a guided tour of one of the 12 District banks that make up the Federal Reserve System, our nation's central bank. WHERE THE BANKERS BANK was created to accompany THE MONEY TREE, an instruction unit produced by the St. Louis Federal Reserve and the MIssouri Council on Economic Education at the Universities of Missouri-St. Louis and Columbia. THE MONEY TREE is an educator's guide to teaching money and banking concepts. Producer: Federal Reserve Bank of St. Louis. Creative Commons license: Public Domain The Federal Reserve System (also the Federal Reserve; informally The Fed) is the central banking system of the United States. Created in 1913 by the enactment of the Federal Reserve Act (signed by Woodrow Wilson), it is a quasi-public (government entity with private components) banking system that comprises the presidentially appointed Board of Governors of the Federal Reserve System in Washington, D.C.; the Federal Open Market Committee; twelve regional Federal Reserve Banks located in major cities throughout the nation acting as fiscal agents for the U.S. Treasury, each with its own nine-member board of directors; numerous other private U.S. member banks, which subscribe to required amounts of non-transferable stock in their regional Federal Reserve Banks; and various advisory councils. Since February 2006, Ben Bernanke serves as the Chairman of the Board of Governors of the Federal Reserve System. Donald Kohn is the current Vice Chairman (Term: June 2006 - June 2010).

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