my fourth week in Boston

kiya

This week we went to the Federal Reserve Bank of Boston. It’s lucky for us to have a chance visiting one of the 12 regional Federal Reserve banks in the United States. We were given a presentation there and realized much more banks operating mechanism.
The Federal Reserve System is the central banking system of the United States. It was created in 1913 and made by the Federal Reserve Act, which is a independent bank within government include the level of Federal open Market Committee( Federal Reserve Banks), and the lower level is the member Banks(other depository institutions). The essential factor I acquired from this presentation is that the payment system, which can cope with over 4 trillion dollars per day and the electronic payments from citizen, can easily be handled in daily life.
In a word, the monetary policy and the banking regulation, as well as the supervision of the Federal Reserve Bank system are extraordinarily attractive, especially the first Bank of the US is not Government Bank, but it still can perform a crucial role in America. Additionally, I was so impressed of this kind of presentation, it makes me not only switch the history of the Federal Reserve Bank, but it also presents me an exactly information about the system of it.
The trip gave me a deep impression and really made me enjoy it.