so all the US currency will carry a note with the number and letter of the Reserve Bank, who first released it into circulation. In addition to performing the functions of the Federal Reserve system as a whole, such as conducting banking and credit policy, each Reserve Bank serves as a repository for funds from other banks in his district and provides loans to banks experiencing financial difficulties.Reserve Bank has a board consisting of 9 directors from non-employees of the bank. Three directors who belong to the class A, represent commercial banks that are members of the Fed. Three directors and three Class B Class C represent the public. Director of class B and C are elected by commercial banks, members of the Fed. Board of Governors in Washington appoints Class C directors from among the directors of class C Board of Governors is elected chairman of the board of directors and his deputy. Director of class B and C cannot be in a bank or bank holding company nor officials nor the directors nor employees. Director of P cannot hold shares in a bank or bank holding company. The Board of Directors in turn appoint a president and vice president of Reserve Bank, whose choice must be confirmed by the Governing Council.Reserve Bank branch has its own board of directors consisting of 5 or 7 people. Most of those directors appointed by the Reserve Bank of that office, while others are appointed by the Governing Council.Board of Directors of Reserve Banks and their branches provide the Federal Reserve full information about the economic situation in virtually every corner of the country. This information is used by the Federal Open Market Committee and the Governing Council to make important decisions about monetary policy. The information gathered Reserve banks are also available to the public in a special report, which is informally called the Beige Book (The Beige Book). It is published approximately two weeks before each meeting of the Federal Open Market Committee. In addition, every two weeks, the board of each bank should provide the Governing Council about the discount rate of the bank. And the change it cannot happen without the confirmation of the Governing Council.reserve banks receive mainly from interest on government securities that were purchased on the open market. Other important sources of revenue include interest on the existing system, foreign currency investments, interest on loans to depository institutions, as well as fees for the provision of services to depository institutions.paying all the costs the Federal Reserve Banks send the remains of their income to the treasury. Revenues and expenditures of the Federal Reserve banks from 1914 to the present day are included in the Annual Report of the Governing Council. If the Reserve Bank is liquidated for any reason, all income after payment of bills sent to the treasury. p align="justify"> The Committee on Open Market (Federal Open Market Committee - FOMC)
