Description

An organization that oversees a nations monetary system.
time period from 1837 to 1863 , all banks functions were handled by state banks.
created the office of the comptroller of the currency.
allowed federal government to charter private banks
intended to be used as currency and promise immediate payment by the bank that issued the note
occurs when there is a widespread worry that banks do not have enough money to cover customer demands for withdraws
when depositors fear their money is not safe in the bank in which it was deposited
created a uniform national currency and a system of national banks
Central bank for the United states
the mechanism a nation uses to provide and manage money
occurs when a central authority shares power with regional and local authorities
12 regional central banks
Governing body of the federal reserve system
set monetary policy and allow the fed
regulation of a country's money supply
interest banks pay to borrow money
interest rate that banks charge
amount of money the bank must keep

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