The Federal Reserve Bank System Notes(Unit 1)
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21 Terms
1
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Is the Federal Reserve Bank part of the government?
No, it is a private bank.
2
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How many Federal Reserve Banks are there?
There are 12 Federal Reserve Banks.
3
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Who is the chairman of the Federal Reserve?
Jerome Powell
4
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How many members are on the Board of Governors of the Federal Reserve?
Seven members
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What is the term length for members of the Board of Governors?
Staggered 14 year terms
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How long is the term for the chairman of the Federal Reserve?
4 years (no limits on reappointment)
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Are meetings of the Board of Governors public or secret?
Secret meetings
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How are the summaries of the Federal Reserve's secret meetings shared?
They are reported weeks later
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Which Federal Bank is the starred?
The Board of Governors in D.C
10
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Which Federal Bank is 1?
Boston
11
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Which Federal Bank is 2?
New York
12
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Which Federal Bank is 3?
Philadelphia
13
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Which Federal Bank is 4?
Cleveland
14
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Which Federal Bank is 5?
Richmond
15
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Which Federal Bank is 6?
Atlanta
16
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Which Federal Bank is 7?
Chicago
17
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Which Federal Bank is 8?
St. Louis
18
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Which Federal Bank is 9?
Minneapolis
19
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Which Federal Bank is 10?
Kansas City
20
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Which Federal Bank is 11?
Dallas
21
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Which Federal Bank is 12?
San Francisco
Note 
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