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FEDERAL RESERVE SYSTEM, BANK OF ENGLAND, Commercial banks, Saving banks,…
FEDERAL RESERVE SYSTEM
Foundation: Federal Reserve Act (1913)
System of banks
12 regional banks
12 districts
FUNCTIONS
:
Regulate US monetary policy
Financial services to the governement
It doesn't print money
BUREAU OF ENGRAVING AND PRINTING
BANK OF ENGLAND
Founded in 1694 by rich merchants
Located in the
City
of London
There are others types of banks:
Largest banking system in Europe
The Governor is appointed bt the Prime Minister
Commercial banks
Deal with individuals and companies
Saving banks
Recive and invest deposit from customers
Merchant banks
Trading banks for large companies
Building societies
Financial institutions
