Need to learn—or teach someone else—about the Federal Reserve? In this video, Penny, our friendly tour guide, will show you around the Federal Reserve System explaining how the Fed works, what it does and how it is an important part of the U.S. economy. Interested in learning more? Visit our website for more tools to help make sense of the Federal Reserve, In Plain English: https://www.stlouisfed.org/in-plain-english 00:00 - Intro 01:15 - History and Purpose of the Fed 02:39 - Board of Governors 04:40 - The Federal Reserve Banks 07:45 - FOMC 08:30 - Supervision & Regulation 09:30 - Financial Services 10:35 - Conclusion Follow us: Twitter: https://twitter.com/stlouisfed Instagram: https://www.instagram.com/stlouisfed/ LinkedIn: https://www.linkedin.com/company/stlouisfed Facebook: https://www.facebook.com/stlfed #thefed #federalreserve #economy #economics #history #bank #market #finance #usa