The Federal Reserve System
Purposes
&
Functions
ii Te Federal Reserve System Purposes & Functions
First Edition, May 1939
Second Edition, November 1947
Third Edition, April 1954
Fourth Edition, February 1961
Fifth Edition, December 1963
Sixth Edition, September 1974
Seventh Edition, December 1984
Eighth Edition, December 1994
Ninth Edition, June 2005
Tenth Edition, October 2016
ISSN: 0199-9729
DOI: 10.17016/0199-9729.10
This and other Federal Reserve publications are available online
in the Publications section of the Federal Reserve Board’s
website, federalreserve.gov. To order copies of publications
available in print, access the Federal Reserve System Publication
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