Federal Reserve Bank: Federal Open Market Committee (FOMC)
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This resource, part of the Federal Reserve Bank of San Francisco Web site, explains the form and function of the Federal Open Market Committee, and also provides links to other sites with information and data. The Federal Open Market Committee consists of twelve members: the seven members of the Board of Governors of the Federal Reserve System; the president of the Federal Reserve Bank of New York; and, a rotating selection of four presidents from the other eleven Reserve Banks, for a one-year term. The Federal Reserve Bank of San Francisco is one of twelve regional Reserve Banks in the Federal Reserve System. Also known as the Fed, the Federal Reserve is the central bank of the United States. Less
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Grade: 6 to 12
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