The Federal Reserve The Federal Reserve is a quasi-governmental agency. What does that mean? In what ways does the Federal Reserve reflect the progressive idea of a regulatory commission? of the The majority of currency distributed by the Federal Reserve is held country. At what times does consumer demand tend to inflate the money supply? What banks are required to have a Federal Reserve account? What banks have the option to join the Federal Reserve? How do small banks get the cash they need to serve their customers? Name the class A, B, and C members of the Dallas Federal Reserve. Which members and their classification are appointed by the governing board in Washington D.C.? Banks have to pay for the cash they receive from the Federal Reserve. True/False