- Central Banking and the Federal Reserve System

1. What were the first central banking institutions, and how did central banking initially develop in the United States?

2. Where did responsibilities for monetary and banking policies rest in the absence of a U.S. central bank in the nineteenth and early twentieth centuries?

3. What motivated Congress to establish the Federal Reserve System?

4. Why did Congress restructure the Federal Reserve in 1935?

5. Who makes the key policy decisions at the Federal Reserve?

- The Federal Reserve and the Financial System

6. What are the main assets and liabilities of the Fed?

7. In what ways is the Fed act as the government's bank?

8. What is the rationale for the Fed's role as a bank for private banks?

9. Why does the Fed play a supervisory role in the U.S. payment system?

10. In what ways do payment-system risks span national borders, and how do central banks seek to contain these risks?

pls, don't hand writing