Describe the role of the Federal Open Market Committee in conducting monetary policy.

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View The Fed Today video, located at http://www.federalreserveeducation.org/resources/fedtoday/

Answer the following question in a report of 750 words. Why did some Americans lose faith in the banking system before the Federal Reserve System was in place? Include the following in your response:

Explain the three primary roles of the 12 Federal Reserve Banks.
Why is the Federal Reserve referred to as the banker’s bank?
Describe the role of the Federal Open Market Committee in conducting monetary policy.
Based on this video, why might the Federal Reserve want to decrease the money supply?
Prepare this assignment according to the APA guidelines