A pine cone covered in ice after an ice storm. Male cones of a pine A classic example of a Lebanese Cedar cone. Immature female pine cone Pollen cone of a Japanese Larch Pineapple gall on Sitka Spruce caused by Adelges abietis. Dozens of male cones (orange and flower-like) occur in a cluster; the female cone is still immature (olive green). Lodgepole Pine.
The Federal Reserve System fulfills its public mission as an independent entity within government. It is not owned by anyone and is not a private, profit-making institution.
The Structure and Functions of the Federal Reserve System. The Federal Reserve System is the central bank of the United States. It was founded by Congress in 1913 to provide the nation with a safer, more flexible, and more stable monetary and financial system. Over the years, its role in banking and the economy has expanded. Test your knowledge about the Federal Reserve through these quizzes. The Federal Reserve has three primary functions: Monetary Policy, Banking Supervision, Financial Services. Board of Governors. The Board of Governors, located in Washington, D.C., provides the leadership for the System. The Board of Governors, also known as the Federal Reserve Board, is the national component of the Federal Reserve System. The board consists of the seven governors, appointed by the president and confirmed by the Senate. Governors serve 14-year, staggered terms to ensure stability and continuity over time.