Federal Bank (FedBank).
United Galaxies Council.			United Galaxies Council.
FedBank Flag And Symbol. Headquarters: Gogers Building, President's Point, Tirol. Established: 19 April 2216. Governing Body: Board of Governors. Key People: Prætor; Vice Prætor; Chair; Vice Chair; Vice Chair for Supervision; Director For Enforcement. Currency: United Galaxies Credit (€). Reserve Requirements: None. Interest Rate Target: 3.50-3.75%. Average Interst: 3.82%. Agency Overview: Jurisdiction: Federal government of the United States. Key Document: Galactique Bank Act.  The UGC's Federal Bank (FedBank) is the central bank of 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 monetry supply. They accomplish the latter duties by lending cash to various commercial financial institutions 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. Although an instrument of the Council, FedBank is considered an independent institution because their decisions do not have to be approved anyone, it does not receive funding, and the terms of the members of the board span multiple Chairmen and Councils.  The Council established four key objectives for FedBank: Moderating long-term interest rates, stabilizing prices, maximizing employment, supervising and regulating financial institutions, maintaining the stability of the financial system, and providing financial services to the UGC, in order of importance. FedBank also conducts research into the economy and provides numerous publications to prevent economic crisis before they begin. They are also the only check-transferring agency by buying the note themselves. They also provide temporary liquidity directly to local branches to address short-term shrinkage in deposits; All institutions are required to maintain a specific amount of cash on hand against their depositors and investors withdrawing from the institution (the amount is based on the type of institution). Seasonal downturns can lead to depositors and investors to withdraw funds from the institution- For example, farm communities see severe withdrawals late into growing season as family funds decline and expenses maintain or possibly rise. This can lower reserves below the required threshold. The institution can then borrow funds from FedBank to cover these shortfalls.  The Federal Reserve System is composed of several layers. It is managed by the Prætor and Vice Prætor, who are in turn supervised by the Board of Governors. The Board is headed by the Chairman and Vice Chairman, who's duties are to ensure that discussions by the board are kept civil and addresses all possible considerations. The Prætor is allowed to attend all such meetings in case they need to defend or explain their actions. The Prætor is confirmed by a majority vote of the Joint Halls, and can only be removed by a ¾ vote. The intention of the Board Of Governors is to recommend impeachment, and no Prætor has ever been impeached without the support of the BOG. All of these positions are lifetime appointments.  FedBank has hundreds of regional offices throughout the UGC, typically around 1 in every 10 systems which oversees their region. All of the institutions within a given region have to invest into their regional committee as an advisory board. Regional committees can raise or lower rates specifically within their region but not more than 1% of current rate (i.e. if the global rate is currently 3.21% they can raise it to 3.22% or lower it to 3.2%).  The UGC sets the salaries of the board's governors. They have been criticized for their approach to managing inflation, lack of transparency, and their role in economic downturns, leading some to call for FedBanks abolition or placing the Board and Prætor to be removed from office on simple majorities.  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:	B: Equipment:	C: Weapons:	D: Bionics and Robotics:
None (0); The closest thing to "outfits" the agency provides is a dress code.	Cheap Gear (2); Even computers, etc, are based on lowest bid.	Armed Agents (5); There are (very rare) occasions they deploy armed agents, but typically if there's violence expected they send someone else to do that business for them.	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:	F: Communications:	G: Offices:	H: Milirty Power:
Fleet Vehicles (10)	Secured Service (10); They can also tap into other service's comms systems to some degree.	Regional (25); At least one small office can be found in every system the UGC controls.	Security Guards (5); However, most of these are unarmed contract guards, rather than agency-employed guards.
I: Super Powered Agents:	J: Sponsorship:	K: Special Budget: Mega Bucks (50)	L: Administrative Control:
None (20); In theory, they shouldn't need any such thing.	Government (UGC; 0)	Mega Bucks (50)	Rigid Laws (0).
M: Internal Security:	N: External Infiltration:	O: Intelligence Resources:	P: Agency Credentials:
Lax (5); Even their 'secret' activity is known.	None (0); Legally they can't.	Cheap Resources (2); They get the news, other agencies can pass information they might find useful, etc., but that's about it.	Recognized (30).
Q: Salary:	Agency Assets:
Good (30).	FedBank utilizes about a dozen Prometheus-Class Diplomatic Ships.
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 expected 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: Milirty 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).
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).
Q: Salary: Good (30).	Agency Assets: FedBank utilizes about a dozen Prometheus-Class Diplomatic Ships.