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Search by topic:   05427. THE FEDERAL RESERVE SYSTEM: EVOLUTION, STRUCTURE, AND OPERATIONS. This paper gives a basic history of the Federal Reserve, its functions and structure. Open market market operations, manipulation of required reserve ratios, and the use of the discount mechanism are explained and discussed. The paper concludes with a consideration of just how "independent" the Federal Reserve is, and should be. KEYWORDS: federal reserve banking system interest rates monetary policy. Turabian Style with Endnotes. 9 pages, 24 endnotes, 12 bibliographic sources.   $63 Copyright 2002 Academic Research Papers Associate Term Paper Sites: Academic Research Papers Academic-Research-Papers Research Central Term Paper Assistance