The Bureau of Engraving and Printing (BEP) headquarters is located in Washington, DC. The BEP is responsible for designing and printing our paper currency. It is under the control of the US Department of Treasury.
The Federal Reserve is something completely different. It is the central bank of the United States. It was created to provide the nation with a safer, more flexible, and more stable monetary and financial system. Over the years, its role in banking and the economy has expanded. The Federal Reserve System is a network of twelve Federal Reserve Banks and a number of branches under the general oversight of the Board of Governors.
The seven members of the Board of Governors are appointed by the President and confirmed by the Senate to serve 14-year terms of office. Members may serve only one full term, but a member who has been appointed to complete an unexpired term may be reappointed to a full term. The President designates, and the Senate confirms, two members of the Board to be Chairman and Vice Chairman, for four-year terms.
I'm not sure if you are trying to get someone to answer with a conspiracy theory about the Fed being controlled by interests outside the US. There is a long history of distrust of the Fed because of it's secrecy. Meetings of some components of the Fed are held behind closed doors, and the transcripts are released with a lag of five years. Even expert policy analysts are unsure as to the logic behind some Fed decisions. I don't think this necessarily points toward some vast conspiracy, but who knows?
2006-07-24 20:09:20
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answer #1
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answered by madoli 3
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United States Treasury runs the Federal Reserves and the Mint which make and produce, and distribute currency.
2006-07-25 00:09:56
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answer #2
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answered by ShouldBeWorking 6
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The Federal Reserve system is controlled by a Board who is appointed by the President and confirmed by the Senate. They serve a rather long term, 14 yrs I think
2006-07-25 00:12:29
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answer #3
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answered by Anonymous
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The United States Department of the Treasury prints the money. They have certain areas (referred to as mints) where they actually manufacture the Federal Reserve notes.
Of course, we need gold to back the money up.
2006-07-25 00:09:19
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answer #4
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answered by amg503 7
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Federal Reserve which is controlled by non-American interest.
2006-07-25 00:24:03
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answer #5
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answered by henry 1
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Milton Bradley as monopoly money is the newest currency
2006-07-25 00:14:37
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answer #6
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answered by johnman142 6
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The US Treasury
2006-07-25 00:09:02
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answer #7
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answered by dulcern4u 3
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the US Treasury Department
2006-07-25 00:21:51
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answer #8
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answered by Anonymous
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Banks?
2006-07-25 00:08:02
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answer #9
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answered by john p 3
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US Treasury.
2006-07-25 00:09:00
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answer #10
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answered by T 3
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