1) a two page writeup on the history of the formation of the federal reserve bank. Please also address:

Who owns the Federal Reserve Bank of the USA?

How does the US Fed system differ from other central banks in the world?

What are the Fed’s main objectives?

How successful is the Fed in accomplishing its main objectives.

2) Write a 2 page summary on the US government Yield curve. Address the following:

What does it represent?

How can we use the yield curve to assess risk?

What is the present shape of the yield curve tell us?