2-27 The Central Banking System: Its Impact on the Decisions and Policies of Financial Institutions (continued)
{"Image DocumentName": "2-27The Central Banking System: Its Impact on the Decisions and Policies of Financial Institutions (continued)", "Image ImageDescription": "Organizational Structure of the Federal Reserve System. Board of Governors. This governing body must contain no more than seven persons, each selected by the president of the United States and confirmed by the Senate for terms not exceeding 14 years. The board chairman and vice chairman are appointed by the president from among current board members, each for four- year terms (though these appointments may be renewed) The board regulates and supervises the activities of the 12 district Reserve banks and their branch offices. It sets reserve requirements, approves all changes in the discount (loan) rates posted by the 12 Reserve banks, and takes the lead in the system in determining open market policy. Copyright \u00a9 2013 The McGraw-Hill Companies, Inc. Permission required for reproduction or display.", "Image XResolution": "37", "Image YResolution": "37", "Image ResolutionUnit": "Pixels/Centimeter", "Image Software": "SlidePlayer", "Image YCbCrPositioning": "Centered"}