1. European Central Bank and the Federal Reserve System
... decision-making unit, the Federal Open Market Committee (FOMC), made up of the seven Board Members, the president of the Federal Reserve Bank of New York and four of the other eleven Reserve Bank presidents who serve at the FOMC on a one-year rotational basis. The primary responsibility of the ... activities by the EU institutions. Similarly to the Fed, the ECB is required to publish quarterly reports on its activities. In addition, according to Article 15, paragraph 3 of the Protocol on the statute of the ECB, the ECB is obliged to make an annual report on its activities ... short-term...
- Word Count: 2990
- Approx Pages: 12
- Has Bibliography
- Grade Level: Undergraduate