A Closer Look at The Fed

Though many Americans might have a general understanding of the Federal Reserve Board and its dual mandates to keep inflation low and employment high, it is probably also true that many people are less familiar with the broader Federal Reserve Bank system and how it operates. As a government entity, there is actually quite a bit of information available if one wishes to gain more insight into just how the American Banking system actually works. For a quick primer, this three-pager gives a good basic overview. Meanwhile, those who have run out of warm milk or have not been able to master sheep counting might want to tackle the Bank's slightly more detailed annual report.

The William McChesney Martin Building, home of The Fed