Chapter 2 - Lesson 3
Development of U.S. Banking

There are twelve regional District Reserve Banks in the Federal Reserve system, including one headquartered in Cleveland, Ohio. Visit the web site operated by the Federal Reserve Bank of Cleveland to answer the following questions.

Suggested keywords: Federal Reserve Bank of Cleveland
Web site: http://www.clevelandfed.org/

Your Name:

Today's Date:

Question 1:
To which Federal Reserve district does the Cleveland bank belong? What parts of the country are included in this district? Where are the branch offices of the Federal Reserve Bank of Cleveland located?

Question 2:
The six broad functions are (1) conducting exchange: clearing and settling claims; (2) funding large-scale enterprises: resource pooling; (3) transferring purchasing power across time and distance; (4) providing risk management: hedging, diversification, and insurance; (5) monitoring performance of borrowers: mitigating adverse incentives; (6) providing information about the relative supply and demand for credit.

Question 3:
What does the Research Department of the Federal Reserve Bank of Cleveland do?