What Is The Federal Reserve Bank? / Educational Video

What Is The Federal Reserve Bank? / Educational Video. Public domain video.

Federal Reserve Bank of St. Louis. Where the Bankers Bank. "We all know what this is ... it's money. And people like you use money every day ... We all know how to spend money. That's easy. But do you know where it comes from? Or for that matter, what happens to it after you spend it?" These questions and more are answered in WHERE THE BANKERS BANK. Created by the Federal Reserve Bank of St. Louis, the video takes you on a guided tour of one of the 12 District banks that make up the Federal Reserve System, our nation's central bank. WHERE THE BANKERS BANK was created to accompany THE MONEY TREE, an instruction unit produced by the St. Louis Federal Reserve and the MIssouri Council on Economic Education at the Universities of Missouri-St. Louis and Columbia. THE MONEY TREE is an educator's guide to teaching money and banking concepts. Producer: Federal Reserve Bank of St. Louis. Creative Commons license: Public Domain

The Federal Reserve System (also the Federal Reserve; informally The Fed) is the central banking system of the United States. Created in 1913 by the enactment of the Federal Reserve Act (signed by Woodrow Wilson), it is a quasi-public (government entity with private components) banking system that comprises the presidentially appointed Board of Governors of the Federal Reserve System in Washington, D.C.; the Federal Open Market Committee; twelve regional Federal Reserve Banks located in major cities throughout the nation acting as fiscal agents for the U.S. Treasury, each with its own nine-member board of directors; numerous other private U.S. member banks, which subscribe to required amounts of non-transferable stock in their regional Federal Reserve Banks; and various advisory councils. Since February 2006, Ben Bernanke serves as the Chairman of the Board of Governors of the Federal Reserve System. Donald Kohn is the current Vice Chairman (Term: June 2006 - June 2010).

Category:

News & Politics

Tags:

• federal
• reserve
• bank
• banks
• banking
• system
• money
• monetary
• fiscal
• government
• policy
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• borrow
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• print
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• america
• usa
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• chairman
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• consumer
• control

[underriot]

"9 out of every 10 dollars spent by Americans is spent by a check"

LOL, gotta love the 80's.

[tothemax01]

Lol, I can tell you what it is in less than ONE minute:

A central-planning bureaucracy controlling what the nation uses as money.

Fuck socialism.

[FantomasXZ7]

"This [Federal Reserve Act] establishes the most gigantic trust on earth. (…)The financial system has been turned over to the Federal Reserve Board. That Board administers the finance system by authority of a purely profiteering group. The system is Private, conducted for the sole purpose of obtaining the greatest possible profits from the use of other people's money (…) From now on, depressions will be scientifically created."

Congressman Charles A. Lindbergh Sr., 1913

[darualid]

lmao @ 8:59

[darualid]

banks are probably like, THANK GOD FOR DEBIT CARDS

[GrubGripe]

Woodrow Wilson gave us this shit?!?! Not really a surprise I guess since he's just your typical liberal moron!

[GrubGripe]

Gauntlet and Pac-Man! Nice!

[Buttrfli555]

and answer me this, why is it when a person with many thousands of dollars or millions wants to with draw HUGE amts of cash they are refused more than 10 thousand at a time.. many banks are doing this now... control control control yes socialism.. still want an answer

[benknefelkamp]

"Computers that... talk to each other!!!!!"

[sweetnloweighteen]

I like how he says that there job is to make sure the economy stays strong. When whenever you print money you weaken the economy

[alecboi84]

END THE FED!!!Corrupt,treasonous bastards stole our gold,our real sound money and replaced it with worthless paper you cant wipe your ass with..They are the reason for the problems in the USA and abroad..Private banksters ripping you off by printing phony money out of thin air with no backing,for a profit...WAKE UP AMERICA,you've been duped once again