PLEASE HELP ILL MARK BRAINLIEST!!!
1) create a diagram of the U.S. banking system and the federal reserve system. include special financial services of the banking system in your diagram. pretend you have been asked to teach the structure and interrelationships of the systems to someone else.
2) list and define all terms contained in the diagram created in step one.

Using Word, Powerpoint, or any other program that allows you to create diagrams, create an electronic, visual diagram of the US banking system and the Federal Reserve System.
Include special financial services of the banking system in your diagram. Be creative in this activity. Pretend you have been asked to teach the structure and interrelationships of the systems to someone else.

What I have to far:

Line 1: Federal Reserve
Line 2: Board of Governors and Open Market Committee

Line 3: Reserve Banks
Line 4: Member Banks & Other Depository Institutes

After that I have to categorize the following and here’s the way I have it so far

Commercial Banks = member bank
Savings institutions = other depository
Mutual savings banks = ?
Credit Unions = member bank
Nondeposit Institutions = ?
hope this helps

divyamadaan8054 divyamadaan8054 · Answer 2 · 2021-12-14T14:28:43+01:00

Federal Reserve System is also considered as the central bank of the United States of America and is claimed to be one of the most powerful financial institutions in the world. They provide a stable and guarded fiscal and monetary financial regulation to the member banks.

As per the attached diagram, Federal reserve system include Board of Governors, Federal Reserve Banks, Member Banks, Other Depository Institutions, Federal Open Market Committee and Advisory Councils.

The Board of Governors has a number of functions, including guiding monetary policy, analyzing domestic and international economic and financial situations that look into contemporary concerns.

The federal Reserve system is comprised of 12 Federal Reserve Banks and 24 branches, all of which are supervised by the Board of Governors.

Member banks are required to hold 3% of their capital as stock in their Reserve Banks because they are stockholders of the Reserve Bank in their District.

Non-member commercial banks, savings banks, savings and loan associations and credit unions are among the depository institution.

The Fed's monetary policy making body is the Federal Open Market Committee. It is in charge of formulating a policy to promote price stability and economic growth.

The Federal Advisory Council, the Consumer Advisory Council, and the Thrift Institutions Advisory Council are three statutory advisory committees that advise the Board on current issues.

To know more about Federal Reserve system, refer to the link:

https://brainly.com/question/3468194