Step 1 Create a diagram of the U.S. banking system and the Federal Reserve System.

Create a diagram of the U.S. banking system and the Federal Reserve System. Include special financial services of the banking system in your diagram. Be creative. Pretend you have been asked to teach the structure and interrelationships of the systems to someone else.

Step 2 Define all terms used in a text glossary.

List and define all terms contained in the diagram created in step 1.