Email
Print Friendly
A A A

12structure_functions


Federal Reserve Structure and Functions Resources Guide

Elementary Grades
About the Fed: Structure and Functions
This web page explains the structure and functions of the Fed and includes an online quiz and word search.

Money Museum Lessons
These Focus on the Fed lessons teach the basics of banking along with the three main functions of the Federal Reserve. The lessons include such activities as a hands-on banking simulation, a reader's theater, and an activity to help students distinguish among different types of payment methods.

There's No Business Like Bank Business
This lesson, which includes a reader's-theater role play, introduces the basics of banking and the Federal Reserve System. It teaches students both how banks operate and the benefits of saving.

Middle School
About the Fed: Structure and Functions
This web page explains the structure and functions of the Fed and includes an online quiz and word search.

In Plain English: Making Sense of the Federal Reserve
The animated tour of the Federal Reserve System is ideal for classroom use. A booklet, a quiz, and bonus activities supplement the video. The series also includes an online learning module in both English and Spanish.

Monetary Policy: Part Art, Part Science
This video-based series describes how interest rates are determined. The series is part of the broader "Monetary Policy Starts in Your Own Backyard" curriculum, which illustrates how economic forecasting contributes to the Federal Open Market Committee's formulation of national monetary policy.

Money Museum Lessons
These lessons focus both on the Federal Reserve as the central bank and commercial banks, and help students understand why both are important to the U.S. economy.

Myths, Tall Tales, and Urban Legends: A Lesson on the Facts behind the Fed
This active-learning lesson introduces students to common myths about the Federal Reserve and the reality behind the misconceptions. Students will evaluate statements using primary sources and each other to determine whether the statements are true or false. The students will circulate and survey one another in the process to pair myths and realities. The lesson also includes a whiteboard activity.

There's No Business Like Bank Business
This lesson, which includes a reader's-theater role play, introduces the basics of banking and the Federal Reserve System. It teaches students both how banks operate and the benefits of saving.

What Is the Federal Reserve?
In this lesson, students participate in a banking simulation and learn about the functions of the Fed, particularly payment services.

High School

Lesson Plans
Constitutionality of a Central Bank
This lesson teaches students about McCulloch v. Maryland, a case decided in 1819 over whether 1) the state of Maryland had the right to tax the Second Bank of the United States and 2) Congress had violated the Constitution in establishing the Bank. Students also review the expressed powers of Congress identified in the Constitution and analyze how Congress implements the necessary and proper (elastic) clause to enact its expressed powers. Finally, students use their knowledge of McCulloch v. Maryland and the necessary and proper clause to consider the constitutionality of the Federal Reserve System.

Monetary Policy
With this lesson, students are helped to develop an understanding of monetary policy. Working in groups, students learn about the indicators the Fed uses to determine what changes, if any, should be made to the course of monetary policy.

Money Museum Lessons
These lessons focus on the Federal Reserve Bank and how it helps to control the growth of the U.S. money supply.

Myths, Tall Tales, and Urban Legends: A Lesson on the Facts behind the Fed
This active-learning lesson introduces students to common myths about the Federal Reserve and the reality behind the misconceptions. Students will evaluate statements, using primary sources and each other to determine whether the statements are true or false. Students circulate and survey one another in the process to pair myths and realities. The lesson also includes a whiteboard activity.

What Does the Fed Do?
This lesson introduces students to the Fed's three basic functions and the basics of the fractional reserve system

Multimedia (Videos, Online Student Modules, Web Pages, and Simulations)
About the Fed: Structure and Functions
This web page explains the structure and functions of the Fed and includes an online quiz and word search.

Chairman Ben Bernanke's College Lecture Series: The Federal Reserve and the Financial Crisis
In March 2012, Chairman Ben S. Bernanke delivered a four-part lecture series about the Federal Reserve and the financial crisis that emerged in 2007. The series began with a lecture on the origins and missions of central banks and continued with a lecture on the role and actions of the Federal Reserve in the period after World War II. In the final two lectures, the chairman reviewed some of the causes of, and policy responses to, the recent financial crisis, focusing specifically on the actions of the Federal Reserve.

Classroom Economist—Monetary Policy
This installment in the quarterly series features video and PowerPoint content designed to clarify and enhance teacher understanding of monetary policy. The content provides lesson demonstrations and resource ideas to help teachers bring the economic topics to life in the classroom.

Current FAQs—Federal Reserve System
This web page offers a series of questions and answers designed to inform the public about the Federal Reserve. It addresses such topics as money, banking and financial institutions, and the economy.

Federal Reserve Board's You Tube Channel
Here you can find press conferences and speeches given by Federal Reserve Chairman Ben Bernanke.

Federal Reserve: Structure & Functions
This web page has an online brochure that provides a detailed overview of the structure and functions of the Federal Reserve.

Federal Reserve System in Brief
This website gives an overview of the Federal Reserve's purposes and functions.

In Plain English: Making Sense of the Federal Reserve
The animated tour of the Federal Reserve System is ideal for classroom use. A booklet, a quiz, and bonus activities supplement the video. The series also includes an online learning module in both English and Spanish.

Monetary Policy: Part Art, Part Science
This video-based series describes how interest rates are determined. The series is part of the broader "Monetary Policy Starts in Your Own Backyard" curriculum, which illustrates how economic forecasting contributes to the Federal Open Market Committee's formulation of national monetary policy.

MythUnderstanding
This page includes a series of videos developed to provide facts and address common misconceptions about the Federal Reserve System.

Open & Operating: The Federal Reserve Responds to September 11
This video-based lesson is designed to answer important questions about the role of a central bank in a crisis. The video and teacher's guide provide a flexible format in which to introduce the Federal Reserve System

The Drawing Board: Independent Federal Reserve
This installment of the Cleveland Fed's entertaining Drawing Board video series focuses on how the Federal Reserve operates and why it's structured the way it is.

The Fed Chairman Game
This simulation game allows students to make monetary policy decisions to influence the economy as well as the Fed toolkit that provides detailed information about monetary policy.

"The Fed Today"
This video covers the Fed's history from its creation in 1913 to the technological innovations of 21st-century banking. It explores the structure of the Fed as well as monetary policy, banking supervision, financial services, and more. Lesson plans and companion brochure supplement the video.

Open Market Operations
This page has information on how open market operations are used by the Federal Reserve to reach its monetary policy objectives.

U.S. Monetary Policy: An Introduction
This site provides an introduction to U.S. monetary policy as it is currently conducted by addressing the Fed's structure and monetary policy. It also provides an overview of how the nation's monetary policy is formulated and implemented.

What Is the Fed?
This informational website gives information on the Fed's structure, history, roles and responsibilities.

What Is the Purpose of the Federal Reserve System?
Federal Reserve Chairman Ben Bernanke appears in this short video sharing fundamental information about the purpose, structure, and goals of the Federal Reserve System.

Primary Sources/Common Core
The Beige Book
The Summary of Commentary on Current Economic Conditions by Federal Reserve District, commonly known as the Beige Book, is published eight times per year. The Beige Book is released two weeks prior to each meeting of the Federal Open Market Committee.

Each Federal Reserve Bank gathers anecdotal information on current economic conditions in its district through reports from bank and branch directors as well as interviews with key business contacts, economists, market experts, and other sources. The Beige Book summarizes this information by district and sector. An overall summary of the 12 district reports is prepared by a designated Federal Reserve Bank on a rotating basis.

EconSouth
This quarterly economic and business magazine features articles on regional, national, and international issues pertinent to the Southeast. Accompanying podcasts are also available for selected articles.

FOMC Meeting Calendars, Statements, and Minutes
The Federal Open Market Committee (FOMC) holds eight regularly scheduled meetings during the year and other meetings as needed. The FOMC site has meeting dates, policy statements, and meeting minutes. The minutes of regularly scheduled meetingsare released three weeks after the date of the policy decision, and can be used as primary source documents for common core standards.

Regional Economic Information Network (REIN)

REIN generates economic intelligence from a variety of sources in the Southeast to support the Federal Reserve's formulation and implementation of sound monetary policy.

Publications
A Day in the Life of the FOMC
Learn more about the Federal Open Market Committee and the inner workings of the Federal Reserve's monetary policymaking body.

The Balance of Power: The Political Fight for Independent Central Bank, 1790–Present
This book, with its accompanying teaching guide, explores the Federal Reserve Bank's role throughout history, emphasizing the theme of independence of the central bank from political control. Through looking at the challenges that the Federal Reserve has faced, as well as the resulting changes in its role, students can develop an overview of the functions of the Federal Reserve and its responsibilities to U.S. citizens.

Everyday Economics: The Federal Reserve, Monetary Policy, and the Economy
This publication looks at the Federal Reserve and its role in maintaining an effective and efficient payments system, supervising and regulating banking operations, and conducting the nation's monetary policy.

It's Not Your Mother and Father's Monetary Policy Anymore: The Federal Reserve and Financial Crisis Relief
This article provides an overview of the tools that the Fed has used to provide financial crisis relief, and compares them with the traditional tools of monetary policy.

The Federal Reserve Today (16th ed.)
This booklet provides a detailed explanation of the functions, objectives and organization of the Federal Reserve System.

The Federal Reserve System: Purposes & Functions
This publication looks at the structure, responsibilities, and operations of the Federal Reserve System.

The Story of the Federal Reserve System Comic Book
This comic book describes the major functions of the Federal Reserve System, the tools of monetary policy and how they work, and the other ways in which the Fed helps the U.S. economy and financial system to function.

The Story of Monetary Policy Comic Book
This comic book explains the meaning and purpose of monetary policy, how the Fed makes monetary policy, and how the tools of monetary policy work.