10 results found for 'board of governors'
Board of Governors Activity
This lesson helps your students understand the role of the Fed's Board of Governors through video, movement, and discussion.
Fed Board Builder
In this activity, students evaluate 22 fictional candidates and select seven to recommend to the president of the United States to fill vacancies on the Federal Reserve Board of Governors. The candidates’ biographies include information about their current position, background, experience, and which Federal Reserve District they live in. As directed by Congress, the seven chosen must fairly represent the “financial, agricultural, industrial, and commercial interests, and geographical divisions of the country.” Students will be challenged to negotiate with their group members while winnowing the possibilities to pick a team to (i) make good monetary policy and (ii) satisfy the requirements of the Federal Reserve Act.
Your Connection to the Economy and the Federal Reserve
Have you ever wondered why the Federal Reserve matters to you? This infographic guides you through your role in the economy, the Federal Reserve's role in the economy, and the ways the Federal Reserve connects to your daily life.
Fed Board Builder
In this activity, students first watch a video to learn about the structure and roles of the Federal Reserve. They then read a blog post that imparts valuable historical context by tracing how the makeup of the Federal Reserve Board of Governors has shifted from members with banking, finance, and government experience to primarily academic economists. Working in small groups, students then participate in a card-sorting activity. Their task it to evaluate 22 fictional candidates and select 7 to recommend to the president of the United States to fill vacancies on the Federal Reserve Board of Governors. The candidates’ biographies include information about their current position, background, experience, and which Federal Reserve District they live in. As directed by Congress, the seven chosen must fairly represent the “financial, agricultural, industrial, and commercial interests, and geographical divisions of the country.” Students will be challenged to negotiate with their group members while winnowing the possibilities to pick a team to (i) make good monetary policy and (ii) satisfy the requirements of the Federal Reserve Act
The Fed's Regional Structure
In three short videos, Fed economist and economic historian David Wheelock explains the history and benefits of the unusual structure of the Federal Reserve System. Unlike central banks in most other countries, the Federal Reserve System has a regional structure. There's 12 Reserve banks spread across the country along with the Board of Governors in D.C. These Reserve banks provide services and ensure that the concerns of the people in their districts are heard in Washington.
Conversation with Former Chairman: Town Hall Meeting with Teachers
On September 30, 2010, former Federal Reserve Chairman Ben S. Bernanke hosted a town hall meeting with educators to speak with them about the economy and the Fed. The former chairman spoke about the importance of financial literacy and responded to questions from both in-person and videoconference attendees.
The FRS Purposes and Functions
This book provides a detailed look at the structure, responsibilities, and operations of the Federal Reserve System, and incorporates major changes in the law and in the structure of the financial system in the past decade.
NewMoney.gov
This site provides information, resources, interactive games and educational materials about redesigned U.S. currency.
MyMoney.gov
MyMoney.gov is the U.S. government’s website dedicated to teaching all Americans the basics about financial education. Throughout the site, you will find important information from the 20 federal agencies and bureaus designed to help you make smart financial choices.
Current FAQs
Current FAQs is a series of questions and answers to inform the public about the Federal Reserve and various topics on money, banking and financial institutions and the economy.