Which of the following is true about the New York Federal Reserve Bank? a) The Federal Open Market Committee (FOMC) conducts its operations out of this New York Federal Reserve Bank b) The president of the New York Federal Reserve Bank can always vote on the matters of the Federal Open Market Committee (FOMC) c) It operates independently of the Federal Reserve Board d) all of the above e) only (a) and (b) of the above When the Federal Reserve System wants to increase money supply in the economy, it can a) buy the U.S. Treasury securities from banks b) sell the U.S. Treasury securities to banks c) lower the required reserves at the banks d) all of the above e) only (a) and (c) of the above