The Federal Reserve System: The Fed Explained

The 11th edition of The Fed Explained: What the Central Bank Does (formerly The Federal Reserve System Purposes & Functions) details the structure, responsibilities, and work of the U.S. central banking system. The Federal Reserve System performs five functions to promote the effective operation of the U.S. economy and, more generally, to serve the public interest. It includes three key entities: the Board of Governors, 12 Federal Reserve Banks, and the Federal Open Market Committee.

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Federal Reserve Bulletin

Includes topical research articles and summaries of the Federal Reserve Board's survey findings, a Legal Developments section, and other features such as lists of staff members, councils, and committees.


The International Journal of Central Banking (IJCB)

Features articles on central bank theory and practice, with a special emphasis on research relating to monetary and financial stability. Published quarterly, the journal offers policy-relevant and applied research that reflects the missions of central banks around the world across a range of disciplines. Both central bank and non-central bank economists are invited to submit papers for consideration.

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Last Update: October 19, 2022