Financial Update (January-March 2001)


Cover Story

Fannie Mae and Freddie Mac

2001 Outlook

Economic Review Article

New Birmingham Building

New Consumer Protections

Board Appointments

Financial Literacy Conference

Updated Brochure


Did You Know?

Data Bank

The Docket

Atlanta Fed Updates Brochure About the Federal Reserve

Structure & Functions

The task: to explain a complex organization like the Federal Reserve System in a concise and easy-to-understand manner. The result: the Atlanta Fed’s updated, redesigned Federal Reserve Structure & Functions brochure, which describes the Federal Reserve System’s diverse responsibilities as the U.S. central bank.

The Fed in brief

Federal Reserve Structure & Functions provides a brief summary of the establishment of the Federal Reserve System, outlines its primary goals and describes its structure: the Board of Governors in Washington, D.C., 12 regional Reserve Banks and their branches, and the Federal Open Market Committee (FOMC).

The brochure also discusses the Fed’s primary functions:

  • Formulating monetary policy and carrying out policy directives via open market operations, the discount rate and reserve requirements;
  • Supervising and regulating bank and financial holding companies and certain types of banking organizations and acting as the “lender of last resort;”
  • Providing payment services to depository institutions, such as check collection, electronic transfers, cash services and holding and transferring government securities; and
  • Serving as the U.S. Treasury Department’s checking account and fiscal agent.

How to order copies

In addition to a variety of economic and banking periodicals, the Atlanta Fed also produces the brochures Dollars and Cents, which describes the types and features of U.S. paper money and coins, the circulation of money, tips for spotting counterfeit currency, and rules about reproducing currency, and Checkbooklet, which provides basic information about checking accounts, special types of checks, and the check collection system and summarizes the advantages and risks involved in writing and receiving checks.

To order copies of these brochures (1 to 30 copies are free) use the online order form at, or contact the Atlanta Fed’s Public Affairs Department, 104 Marietta Street, N.W., Atlanta, Georgia 30303-2713, 404-498-8020.