United Galaxies Council. | Federal Bank (FedBank). | United Galaxies Council. |
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| FedBank Symbol. |
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The UGC's Federal Bank (FedBank) is the central bank od the Council, managing the Council's currency, reserve cash supply, and setting interest rates by proxy. The FedBank possesses a monopoly on increasing the global monetary supply. They accomplish the latter duties by lending cash to commercial banks and saving and loans, which is then lent to individuals and businesses. The UGC's reserve money supply is also deposited in the FedBank, and transferred to a commercial bank on an as-needed basis to pay the Council bills. They also handle the regulatory duties of the commercial banks and saving and loans to ensure they are in fact properly run. The CEO of FedBank is referred to the Prætor. FedBank has hundreds of regional offices throughout the UGC, typically around 1 in every 10 systems. It is owned outright by the UGC, but the Prætor is not so easily removed from office; It is a lifetime appointment, with the Prætor nominated by the Chairman and elected by the joint Halls in Single Session by a simple majority. The Joint Halls can also remove the Prætor by a ¾ vote. One of the incentives to the creation of FedBank was the financial collapse of 2215; In one 12 hour period, 75% of the UWA's citizens lost 90% of their net worth as inflation hit records of as much as 25,000% in hours. Although this was a direct result of the Sunare Uprising of the same year (and therefore mostly corrected under force majeure laws), it still meant millions were left homeless and starving for several months; Many of them never fully recovered, and a few even died as a result of the totality of circumstances. FedBank is an independent institution, working separately from the executive or judicial branches of government, as its powers are derived directly from the Single Session of the Council. General Information: Name: UGC Federal Bank (FedBank). Director: Duties: Size and Orientation: Super Agency (200). Features: |
A: Outfits: None (0); The closest thing to "outfits" the agency provides is a dress code.
| B: Equipment: Cheap Gear (2); Even computers, etc are based on lowest bid.
| C: Weapons: Armed Agents (5); There are (very rare) occasions they deploy armed agents, but typically if there's violence epected they send someone else to do that business for them. | D: Bionics and Robotics: Basic Systems (10); The agency might pay for cybernetic replacements for injuries suffered on-the-job, but tries to get out of it whenever possible. |
E: Vehicles: Fleet Vehicles (10)
| F: Communications: Secured Service (10); They can also tap into other service's comms systems to some degree. | G: Offices, Hideouts and Distribution: Regional (25); At least one small office can be found in every system the UGC controls. | H: Military Power: Security Guards (5); However, most of these are unarmed contract guards, rather than agency-employed guards. |
I: Super Powered Agents: None (20); In theory, they shouldn't need any such thing. | J: Sponsorship: Government (UGC; 0)
| K: Special Budget: Mega Bucks (50)
| L: Administrative Control: Rigid Laws (0).
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M: Internal Security: Lax (5); Even their 'secret' activity is known.
| N: External Infiltration: None (0); Legally they can't.
| O: Intelligence Resources: Cheap Resources (2); They get the news, other agencies can pass information they might find useful, etc, but that's about it. | P: Agency Credentials: Recognized (30).
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Q: Salary: Good (30). | Agency Assets: FedBank utilizes about a dozen Prometheus-Class Diplomatic Ships. |