Fedpoints is a reference series explaining the structure and functions of the Federal Reserve System and the economic concepts relevant to its work.
New York Fed
Who We Are and What We Do
Federal Reserve System
Board of Governors of the Federal Reserve System
Federal Open Market Committee
How the Federal Reserve Is Audited
The Role of Reserve Bank Directors (Under Revision)
Monetary Policy
Discount Window
Federal Funds and Interest on Reserves
Money Supply
Open Market Operations
Primary Dealers (Under Revision)
See the Administration of Relationships with Primary Dealers for more information.
Repurchase and Reverse Repurchase Transactions
Reserve Requirements (Under Revision)
Seasonal Borrowing
System Open Market Account
Payment Systems
Check Processing
Currency Processing and Destruction
Fedwire® and National Settlement Services
How Currency Gets into Circulation
Foreign Exchange
Currency Devaluation and Revaluation
Exchange Stabilization Fund
U.S. Foreign Exchange Intervention
International Affairs
Balance of Payments
Federal Reserve in the International Arena
Foreign Banks and the Federal Reserve
International Banking Facilities
Treasury Securities
Book-Entry Procedure
Estimating Yields on Treasury Securities
Treasury Debt Auctions and Buybacks as Fiscal Agent
Understanding U.S. Government Securities Quotes
Zero Coupons and STRIPS

April 2011

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