stem, a series of socio-political power in one center at a time when the foundations of the Federal Reserve System. role and importance of Federal Reserve Banks. Every single Federal Reserve Bank itself has played an important role in conducting and realization of a particular monetary policy, despite the fact that the management of these processes as a whole belongs to the Board of Governors of the Federal Reserve. Firstly, as members of the Federal Open Market Committee, five of the twelve presidents of Federal Reserve Banks are actively involved in developing and determining objectives and tactical objectives of monetary policy. "Second, the Board of Directors of the Federal Reserve Banks and produces certain outlines a specific point level of bank interest rates - one long key parameters of the economic system, which is submitted for consideration and approval by the Board of addition, Federal Reserve Bank made an important contribution to the development of concepts of monetary and credit relations, governing the activities of the Federal Open Market Committee. Most Reserve Banks publish articles and monthly reports on current issues of financial and economic life, with a number of these works received very widespread. Participation by all federal banks in the development of the main directions of monetary policy provides equal representation on these issues from different districts, but also provides the Board of Governors of the Federal Reserve variety of information from places that otherwise would have been unlikely to see such a centralized body, the Council Governors of the Federal Reserve. For example, in the late sixties and early seventies, the Federal Reserve Bank of St. Louis has played an important role by providing the corresponding impact on the entire Federal Reserve System, and thus contributes to the transition from a flexible monetary policy to a more rigid. In the late seventies, the Federal Reserve Bank of Minneapolis has managed its actions to convince stakeholders to individuals at the Fed to pay more attention to the importance and influence of the effects of expectations in financial and economic spheres of a certain monetary policy pursued by the Federal Reserve System. In 1980 - 1982's economic model of the money market, developed by the Federal Reserve Bank of San Francisco, has made a significant contribution to the understanding of the entire Federal Reserve Reserve banks have a decisive influence on the management of the entire US banking sphere. These functions include monitoring and inspection activities 1,000 member banks of the Federal Reserve, 6000, bank holding companies, corporations, whose activities fall under the jurisdiction of the Law Edge 2, branches and representative offices of foreign banks in the US In addition, the Federal Reserve Banks provide loans to banks experiencing financial difficulties. The purpose of such events (remember the number of loans of commercial banks in ...
