The Federal Reserve System: Purpose and Functions

15 per cent additional reserves assets balance sheet bank deposits Bank's banking system ber banks billion dollars billions of dollars Board of Governors borrow central bank Central reserve changes in reserve CHAPTER consumer credit currency in circulation dealers demand for currency deposit accounts depositors discount rate District Number effect eral Reserve excess reserves expansion Federal Reserve Act Federal Reserve authorities Federal Reserve Banks Federal Reserve credit Federal Reserve notes Federal Reserve policy Federal Reserve System financing funds gold certificates gold imports Government securities increase influence International Monetary Fund liabilities loans and investments margin requirements member bank reserves ments money market money supply nonmember banks open market operations paper money payments principal Ratio of reserves regulation reserve account Reserve Bank credit reserve requirements reserves of member supply of money surplus tion transactions twelve Federal Reserve United States Government United States Treasury volume of member