The FOMC carries out its policies through directives to the bond-trading desk at the:
A)Federal Reserve Bank of Dallas.
B)Chicago Fed.
C)Federal Reserve of Philadelphia.
D)Los Angeles Fed.
E)Federal Reserve Bank of New York.

Question

Quizplus · Accepted Answer

The Federal Reserve Bank of New York houses the bond-trading desk and is responsible for executing the FOMC's directives on open market operations. It is located in the financial district of New York City and is considered the most important of the twelve regional Federal Reserve Banks.

The FOMC Carries Out Its Policies Through Directives to the Bond-Trading