This is the private part of the Federal Reserve System, which carries out the day to day operations of the FED. Each of these have a president and operate under the direction of a private board representing banking, business and community organizations throughout each district.

Question

Gabriella Perez

Social Studies

20 October, 15:01

This is the private part of the Federal Reserve System, which carries out the day to day operations of the FED. Each of these have a president and operate under the direction of a private board representing banking, business and community organizations throughout each district.

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Answers (1)

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Albert Cline · Answer 1

The correct answer for: This is the private part of the Federal Reserve System, which carries out the day to day operations of the FED. Each of these have a president and operate under the direction of a private board representing banking, business and community organizations throughout each district. Is: District banks

Explanation:

All right, to understand this question we need to analyze it to understand the answer. District banks are supervised, regulate, and interact with commercial banks. Thus, they are part of the FED. They are divided into 12 districts, so they also fulfill this characteristic. They are also run by private individuals that are not members of the government and they also are owned in part from commercial banks that allow their functionality. Nevertheless, they work under FED commands. So it is a very good evaluation and supervision system.