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How is the Federal Reserve structured?

How is the Federal Reserve structured?

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Federal reserve system has two part structured a central authority i.e.board of governors located and a decentralized network of 12 federal reserve banks located throughtout U.S.

Board of governors -board operates as an independent government agency.board is charged with overseeing the entire federal reserve and operated as an independent government agency..board has seven members

Federal reserve bank - Twelve regional federal reserve banks carry out much of the system's day to day operations.this includes 12 regional federal reserve banks that carry out much of the system's activities.

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