horrific and unforgettable events in all of its history, which was losing a
beloved president in the worst way possible. So little yet so much happened
in the midday of November 22, 1963, in Dallas, Texas.
The Federal Bank Reserve of Dallas, what is it? (reportage)
The Federal Reserve Bank of Dallas, is one of the 12 key Federal
Banks in the nation. There are three main objectives that this institution
has; Set monetary policy, banking supervision, and financial services. The
FedBank is not a government facility, although the most important board of
directors are part of a local government in Washington D.C. The FedBank
has a historical section to it where they show you all the transitions that had
to be done to get where all 12 banks are now. It all started during the
revolutionary war, then the civil war and so on; all wars need funding and
they thought it would be a useful way of facilitating the process.
Monetary policies are one of the most important parts of the U.S.
government looking at it in an economic standpoint. These policies are
based on tax policies and everything that has to
do with currency. Every month or so, the
FedBanks shred tons of money to be able to
print new coin. This is done to prevent a
horrible thing called Inflation. All of these
policies have to be approved by the previously
mentioned Government Board of Directors.
Banking supervision is also a large piece
of this facility's responsibilities. This task is
based on sending operatives to different banks
in the corresponding state to make sure that
The building of the Federal Reserve
everything is safe and honest for both parties.
Bank of Dallas.
Each customer must have the trustworthiness
to deposit money in the bank and honestly believe that nothing will ever
happen to it, otherwise there would be no business.
Financial services are the last piece of the cake. This is based on
various options the Fedbank must offer to various corporations and
organizations. The Federal Bank makes sure they are the best choice to all
major corporations for them to have major advantages on any competition
they may encounter.
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