The Field Trip of Boston Federal Reserve Bank

Today we are visiting the Boston Federal Reserve Bank; it is located in 600 Atlantic Avenue. The Federal Reserve Bank of Boston must comply with the responsibility and obligation for American Central Bank. Meanwhile, it has exerted the great effort both on American Finance and economy.
The Federal Reserve Bank is established by Congress as the operating arms of the nation’s central banking system. Moreover, it follows the Federal Reserve Act which was announced in 1913, also passed by the U.S. Government. Thus the Federal Reserve Bank has become one of the significant institutions in U.S. Finance.
What’s more, it has amounts of function. For instance, holding the cash reserves of depository institutions and make loans to them; providing checking accounts for the Treasury, issue and redeem government securities, and act in other ways as fiscal agent for the U.S. Government; and participating in the activity that is the primary responsibility of Federal Reserve System, the setting of monetary policy. Thus, it describes how important and efficient the Federal Reserve Bank is.
Furthermore, the Federal Reserve Board, Federal Open Market Committee, and Federal Reserve Bank, all of the three institutions make up the Federal Reserve System. The Federal Reserve System was designed by Congress to have a board perspective on the economy and on economic activity in all parts of the nation. Actually, the Federal Reserve System is the “heart” of American economy. It could not only analysis the economic situation, but also provides some valued suggestions to relative organization. That is important benefit it offers for long time.
Final, I am totally learn about the Federal Reserve Bank of Boston, and enjoy myself in the fantastic trip