Here is the synopsis of our sample research paper on The Federal Reserve System. Have the paper e-mailed to you 24/7/365.
Essay / Research Paper Abstract
8 pages in length. The writer provides a brief overview of several aspects of the Fed. Bibliography lists 13 sources.
Page Count:
8 pages (~225 words per page)
File: LM1_TLCFedRsrvSys.rtf
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Unformatted sample text from the term paper:
each Board member is just one year, however, the period of time related to a member who has stepped in to fill a vacancy does not count toward a full
term and, as such, that individual is allowed to be reappointed. Two of the fourteen members are chosen as Board Chairman and Vice Chairman, a designation that comes from
both the President and Senate with the former making the choice and the latter confirming the selection. These two positions are held for four years each (The Federal Reserve
Board, 2003). One Board member alone is permitted to be chosen for representation from all twelve Federal Reserve Districts. Such appointments are mandated by law to have the President
choose a "fair representation of the financial, agricultural, industrial, and commercial interests and geographical divisions of the country" (The Federal Reserve Board, 2003), the collective nature of which serves to
"ensure representation of regional interests and the interests of various sectors of the public" (The Federal Reserve Board, 2003). Federal Reserve Board responsibility is both vast and varied, however, the
most important task is to manage, influence and formulate monetary policy. The Federal Open Market Committee (FOMC) is comprised of seven Board members who make up the twelve members
of this Committee, whereby they decide upon strategic issues that serve to guide the ways in which money/credit cost and availability impact the economy. Reserve Bank presidents comprise the
other five FOMC members, with one holding the position of president of the Federal Reserve Bank of New York. The remaining four presidents rotate by way of seven one-year
terms. The FOMC is governed by legal mandate to establish its own organization; tradition governs how the Chairman of the Board of Governors is elected as its Chairman and
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