Federal Reserve System
Pages | 418-423 |
FEDERAL RESERVE SYSTEM
Board of Governors of the Federal Reserve System
Twentieth Street and Constitution Avenue NW., Washington, DC 20551
Phone, 202-452-3000. Internet, www.federalreserve.gov.
Board of Governors
Chairman Ben S. Bernanke
Vice Chairman Donald L. Kohn
Members Susan Schmidt Bies, Randall S. Kroszner, Kevin M. Warsh
Staff:
Director, Division of Board Members Michelle A. Smith
Congressional Liaison Winthrop P. Hambley
General Counsel Scott G. Alvarez
Secretary Jennifer J. Johnson
Director, Division of Banking Supervision and Roger T. Cole
Regulation
Director, Division of Consumer and Community Sandra F. Braunstein
Affairs
Director, Division of Federal Reserve Bank Louise L. Roseman
Operations and Payment Systems
Director, Division of Information Technology Marianne M. Emerson
Director, Division of International Finance Karen H. Johnson
Director, Management Division H. Fay Peters
Director, Division of Monetary Affairs Vincent R. Reinhart
Director, Division of Research and Statistics David J. Stockton
Staff Director, Office of Staff Director for Stephen R. Malphrus
Management
Inspector General Barry R. Snyder
Officers of the Federal Reserve Banks
Federal Reserve Bank Chairmen: Boston, MA Blenda J. Wilson
New York, NY John E. Sexton
Philadelphia, PA Doris M. Damm
Cleveland, OH Charles E. Bunch
Richmond, VA Thomas J. Mackell, Jr.
Atlanta, GA David M. Ratcliffe
Chicago, IL Miles D. White
St. Louis, MO Walter L. Metcalfe, Jr.
Minneapolis, MN Frank L. Sims
Kansas City, MO Robert A. Funk
Dallas, TX Ray L. Hunt
San Francisco, CA David K. Tang
Presidents: Atlanta, GA Dennis P. Lockhart
Boston, MA Cathy E. Minehan
Chicago, IL Michael H. Moskow
Cleveland, OH Sandra Pianalto
Dallas, TX Richard Fisher
Kansas City, MO Thomas M. Hoenig
Minneapolis, MN Gary H. Stern
New York, NY Timothy F. Geithner
Philadelphia, PA Charles L. Posser
Richmond, VA Jeffery M. Lacker
St. Louis, MO William Poole
San Francisco, CA Janet L. Yellen
Federal Open Market Committee
Chairman Ben S. Bernanke
Vice Chairman Timothy F. Geithner
Members Susan Schmidt Bies, Thomas M. Hoenig, Donald L. Kohn, Randall S. Kroszner, Cathy E. Minehan, Michael H. Moskow, William Poole, Kevin M. Warsh, Janet L. Yellen
Staff:
Secretary and Economist Vincent R. Reinhart
Deputy Secretary Deborah Danker
Assistant Secretary David Skidmore
General Counsel Scott G. Alvarez
Economists Karen H. Johnson, David J. Stockton
Federal Advisory Councils:
Secretary, Federal Advisory Council James E. Annable
Chairman, Consumer Advisory Council Lisa Sodeika
President, Thrift Institutions David Russell Taylor
Advisory Council
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The Federal Reserve System, the central bank of the United States, is charged with administering and formulating the Nation's credit and monetary policy. Through its supervisory and regulatory banking functions, the Federal Reserve maintains the safety and soundness of the Nation's economy, responding to the Nation's domestic and international financial needs and objectives.
The Federal Reserve System was established by the Federal Reserve Act
(12 U.S.C. 221), approved December 23, 1913. Its major responsibility is in the execution of monetary policy. It also performs other functions, such as the transfer of funds, handling Government deposits and debt issues, supervising and regulating banks, and acting as lender of last resort.
It is the responsibility of the Federal Reserve System to contribute to the strength and vitality of the U.S. economy. By influencing the lending and investing activities of depository institutions and the cost and availability of money and credit, the Federal Reserve System helps promote the full use of human and capital resources, the growth...
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