You have learned that the Board of Governors is a federal government agency, while the 12 Reserve banks are independent of the government. A lot of thought went into this arrangement to ensure the best "mix" of government oversights and monetary independence. How would you explain the makeup of the Federal Reserve System, and in what ways does this design serve the government and the public?

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 You have learned that the Board of Governors is a federal government agency, while the 12 Reserve banks are independent of the government. A lot of thought went into this arrangement to ensure the best “mix” of government oversights and monetary independence. How would you explain the makeup of the Federal Reserve System, and in what ways does this design serve the government and the public?

You have learned that the Board of Governors is a federal government agency, while the 12 Reserve banks are independent of the government. A lot of thought went into this arrangement to ensure the best “mix” of government oversights and monetary independence. How would you explain the makeup of the Federal Reserve System, and in what ways does this design serve the government and the public?
You have learned that the Board of Governors is a federal government agency, while the 12 Reserve banks are independent of the government. A lot of thought went into this arrangement to ensure the best “mix” of government oversights and monetary independence. How would you explain the makeup of the Federal Reserve System, and in what ways does this design serve the government and the public?
You have learned that the Board of Governors is a federal government agency, while the 12 Reserve banks are independent of the government. A lot of thought went into this arrangement to ensure the best “mix” of government oversights and monetary independence. How would you explain the makeup of the Federal Reserve System, and in what ways does this design serve the government and the public?

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