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Thursday, July 31, 2014

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The Federal Reserve and You

< Chapter 4: Monetary Policy Chapter 6: Supervision and Regulation >
 

Chapter 5: The Payments System

In this chapter, discover the Federal Reserve’s important role in the nation’s payments system. Over the past 20 years, the nation’s payments system has evolved from a system that relied heavily on paper checks to today’s system, which makes extensive use of electronic payment mechanisms such as the automated clearing house. Find out more about the Federal Reserve’s role in the provision of cash services and the important role that the Federal Reserve’s FedWire service plays as the backbone of the nation’s financial system.

Video Segments

Introduction
Introduction
 (4:30)

Changes in the Payments System
Changes in the Payments System
 (1:07)

Forms of Payment — Electronic
Forms of Payment — Electronic
 (1:26)

Forms of Payment — Cash
Forms of Payment — Cash
 (1:42)