The Federal Reserve System: Purposes and Functions

by Board of Governors of the Federal Reserve System

The "Fiftieth Anniversary" commemorative fifth edition celebrates, as the prior editions have, the 1913 Federal Reserve Act, and to provide a better understanding to citizens of it and its functions.

Genres: Economics

297 pages, Paperback

First published May 1, 1939

Reviews

[Tom Schulte · Rating 3 out of 5]

Published for the 50th anniversary of the Federal Reserve system, this is a fairly wonky examination of how the sausage is made. The explanations of reserve deposits and life of currency, notes, acceptances, etc. reads like a 100- or 200-level college textbook on federal money management. While the detail is interesting and content presented in an accessible fashion, I wonder how much is still relevant. I mean all the gold certificate basis went out a decade later with Nixon, right?