Federal Reserve System

• Pages: 374-377

374 U.S. GOVERNMENT MANUAL

1331 Pennsylvania Avenue NW., Suite

520N, Washington, DC 20004–1710.

Internet, www.fmshrc.gov. Email,

fmshrc@fmshrc.gov.

For information on f‌i ling requirements,

the status of cases before the

Commission, or docket information,

contact the Off‌i ce of General Counsel or

the Docket Off‌i ce, Federal Mine Safety

and Health Review Commission, 1331

Pennsylvania Avenue NW., Suite 520N,

Washington, DC 20004–1710.

For further information, contact the Executive Director, Federal Mine Safety and Health Review Commission,

1331 Pennsylvania Avenue NW., Suite 520N, Washington DC 20004–1710. Phone, 202–434–9905. Fax,

202–434–9906. Email, fmshrc@fmshrc.gov. Internet, http://www.fmshrc.gov.

FEDERAL RESERVE SYSTEM

Twentieth Street and Constitution Avenue NW., Washington, DC 20551

Phone, 202–452–3000. Internet, http://www.federalreserve.gov.

Chairman BENJAMIN S. BERNANKE

Vice Chair JANET L. YELLEN

Members ELIZABETH A. DUKE , JEROME H.

POWELL , SARAH BLOOM RASKIN ,

JEREMY C. STEIN , DANIEL K. TARULLO

Director, Division of Board Members MICHELLE A. SMITH

General Counsel SCOTT G. ALVAREZ

Secretary ROBERT DE V. FRIERSON

Director, Division of Banking Supervision and

Regulation

MICHAEL S. GIBSON

Director, Division of Consumer and Community

Affairs

SANDRA F. BRAUNSTEIN

Director, Division of Federal Reserve Bank

Operations and Payment Systems

LOUISE L. ROSEMAN

Director, Division of Information Technology SHARON L. MOWRY

Director, Division of International Finance STEVEN B. KAMIN

Director, Management Division MICHELL C. CLARK

Director, Division of Monetary Affairs WILLIAM B. ENGLISH

Director, Division of Research and Statistics DAVID W. WILCOX

Inspector General MARK BIALEK

The Federal Reserve System, the central bank of the United States, administers and

formulates the Nation’s credit and monetary policy.

The Federal Reserve System (FRS) 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.

FRS contributes to the strength

and vitality of the U.S. economy. By

inf‌l uencing the lending and investing

activities of depository institutions and

the cost and availability of money and

credit, the FRS promotes the full use

of human and capital resources, the

growth of productivity, relatively stable

prices, and equilibrium in the Nation’s

international balance of payments.

Through its supervisory and regulatory

banking functions, FRS helps maintain

a commercial banking system that is

responsive to the Nation’s f‌i nancial needs

and objectives.

FRS comprises the Board of Governors;

the 12 Federal Reserve Banks and

their 25 branches and other facilities;