Federal reserve bank of boston

Today's trip is entirely different from what we had gone before. This time, we are fortunately enough to go inside one of the most famous central bank, Federal Reserve. Although it is only a branch of the Federal Reserve, it is solemn and inviting.

Inside the Federal Reserve, we walk through a long hall, and go into the meeting room.

Americans established it in 1913 and at that time it was decentralized Central Bank. It has 12 Federal Reserve branches across America. It has a precise structure just like a pyramid. The top is the Board of Governors. The second class is the Federal Open Market Committee. Next one is the Federal Reserve Banks. Then is the Member Banks and Other Depository Institution, which share the same hierarchy. The last one is American people.

The function of this architecture is to make issues but does not print money. Washington. D.C is the place where prints dollars.

The presentation also talks about the Monetary policy, Payment system and Bank Regulation and supervision.

At the last part of the presentation, it is good for the speak to tell us some details about how to avoid counterfeit note. It is quite useful for new students coming to America like us. He gives us much "money" in the end.

Great Trip for us to learn more about the US. A pity is that we can not take some photos; however, it doesn't matter to this wonderful trip.