Brief Outline of Topics Covered in Lecture 3
Chapter 12 Structure of Central Banks and the Federal Reserve System
Origins of the Federal Reserve System
- Distribute power to geographic regions, the public sector, the private sector, the business sector, and the financial sector
Formal Structure of the Federal Reserve System
- Federal Reserve Banks
- Member Banks
- Board of Governors of the Federal Reserve System
- Federal Open Market Committee (FOMC)
- The Federal Advisory Council (FAC)
Informal Structure of the Federal Reserve System
- How Power Has Been Centralized Over Time
Materials from class:
|
The Twelve Federal Reserve Districts
|
||
|
|
|
Video:
Lecture 3 [Google video] - Fall 2007
Lecture 3 [Media Player] - Fall 2007
| Economics 470 Lecture 3 (Google chooses the fixed frame...) |
|
Previous (these were taped outside of class):
Lecture 3 - Chapter 12, pgs. 311-321
Google Video
Lecture 3 Wiki
This is an area you can edit as you wish [edit password=lecture3].
Additional Reading:
- Dual Banking in the U.S.
- A brief History of the U.S. Payments Mechanism
- The Evolution of Central Banking in the U.S.
- The Revolution in Monetary Policymaking Institutions, by Alex Cukierman
Application:
Core versus Headline Inflation
