- Control of Growth & Development. Hormones are chemical messengers produced by glands in the endocrine system. Endocrine tissues are specialised to produce such hormones, which have genes switched on according the the hormones they were designed to produce.
There are actually three rates in the U.S. that drive virtually everything else, from bond returns to credit card interest rates. Of these, the Federal Reserve actually controls only two (the Federal Funds Rate and the Discount Rate). The third rate, called the Prime Rate, is the rate that most people falsely believe the Fed changes. In truth, this is the one rate the Fed has no direct control over.
1. Federal Reserve System-the central bank of the United States; incorporates 12 Federal Reserve branch banks and all national banks and state-chartered commercial banks and some trust companies; the Fed seeks to control the United States economy by raising and lowering short-term interest rates and the money supply.. 1. (Banking & Finance) (in the US) a banking system consisting of twelve Federal Reserve Districts, each containing member banks regulated and served by a Federal Reserve Bank. It operates under the supervision of the Federal Reserve Board and performs functions similar to those of the Bank of England.