The Federal Reserve's organization:
1. While all members of the Federal Reserve Board of Governors vote at Federal Open Market Committee (FOMC) meetings, only ___ of the regional bank presidents are members of the FOMC.
2. Which of the following is a responsibility of the Federal Open Market Committee (FOMC)?

a. Buying and selling stocks
b. Making decisions regarding monetary policy
c. Issuing mortgages to homeowners

3. The Federal Reserve's primary tool for changing the money supply is _. In order to decrease the number of dollars in the U.S. economy (the money supply), the Federal Reserve will ___ government bonds.

The Federal Open Market Committee usually meet eight times a year in Washington. The voting members are members of the Federal Reserve Board of Governors but only five of the president of the regional banks are members.

The Federal Open Market Committee is the Federals monetary policy making body. The Committee is responsible for the formulation of policies that are designed to promote economic growth and price stability. The country's money supply is managed by the Federal Open Market Committee.

In order to increase the number of dollars available in the economy of the United States, the Federal Reserve will purchase government bonds using the open market operations. When the Federal reserve buys bonds, there is more money available in the economy.