United States monetary system

E553260

The United States monetary system is the national framework for issuing, regulating, and managing the country’s currency, including its historical transition from bimetallism to a primarily gold- and later fiat-based standard.

All labels observed (3)

How this entity was disambiguated

Statements (73)

Predicate Object
instanceOf monetary system
abandonedGoldConvertibilityDomestic 1933
abandonedGoldConvertibilityInternational 1971
backingType full faith and credit of the United States government
centralBank Federal Reserve System
country United States of America
currencyCode USD
linked to: US dollar
currentFeature fiat currency not redeemable for commodities
floating exchange rate
fractional reserve banking
currentStandard fiat money system
denominationSystem decimal
historicalCrisis 2007–2009 financial crisis
Great Depression banking crisis
linked to: Great Depression

Savings and loan crisis
historicalFeature Bretton Woods fixed exchange rate system
bimetallic standard with fixed gold–silver ratio
gold coinage
silver coinage
historicalStandard bimetallism
gold standard
includesInstitutionType commercial banks
credit unions
primary dealers
savings institutions
includesPaymentInstrument checks
coins
credit cards
debit cards
electronic transfers
paper currency
includesPaymentSystem Automated Clearing House
Fedwire Funds Service
check clearing system
introducedCurrency United States dollar
linked to: US dollar
introducedCurrencyYear 1792
legalBasis Bank Secrecy Act of 1970
linked to: Bank Secrecy Act

Bretton Woods Agreements Act of 1945
Coinage Act of 1792
Coinage Act of 1965
Dodd–Frank Wall Street Reform and Consumer Protection Act
Federal Reserve Act of 1913
Gold Reserve Act of 1934
linked to: Gold Reserve Act

United States Constitution Article I Section 8
legalTender Federal Reserve Note
United States coinage
monetaryAuthority Board of Governors of the Federal Reserve System
Federal Open Market Committee
monetaryPolicyGoals maximum employment
moderate long-term interest rates
price stability
monetaryPolicyTool discount rate
forward guidance
interest on reserve balances
reserve requirements
moneySupplyMeasures M0
M1
M2
M3 (discontinued official publication)
primaryMonetaryPolicyTool open market operations
regulator Federal Reserve System
United States Congress
United States Department of the Treasury
subunit cent
subunitValue 1 dollar = 100 cents
supervisoryAgency Consumer Financial Protection Bureau
Federal Deposit Insurance Corporation
National Credit Union Administration
Office of the Comptroller of the Currency
treasuryAgency Bureau of Engraving and Printing
United States Mint
unitOfAccount dollar
usesCurrency United States dollar
linked to: US dollar

How these facts were elicited

Referenced by (3)

Full triples — surface form annotated when it differs from this entity's canonical label.

Coinage Act of 1873 appliesTo United States monetary system
Coinage Act of 1837 partOf United States monetary history
linked to: United States monetary system
Union shield (2010–present) usedIn United States dollar currency system
linked to: United States monetary system