wrote by Andy Shen

I feel graceful that have chance to visit the Federal Reserve Bank of Boston, which is the Decentralized Central Bank in the US. I also feel lucky to acquire kinds of knowledge from his presentation about the function of monetary policy, payment system as well as the Bank Regulation and Supervision. There are 12 Bank Reserve Banks created in 1913, and managed by Board of Governors, which is independent within Government. One of the functions that I interest most is the payment system, which has the high technology in solving checks and the currency from every aspects of America. With considering of the exactly materials about the payment system, this electronic system can cope with over 4 trillion dollars in daily work. Although the Federal Reserve Bank is not Government Bank, but it has a organized regulation and supervision rule, which controls the whole system of the reserve bank. After visited the Federal Reserve Bank, we went to the last 3 places of the freedom trail.

To sum up, it was a wonderful trip and a good time during this weekend.