Purposes and Functions of the Federal Reserve

"Purposes and Functions of the Federal Reserve"

Lorraine Thayer

Assistant Manager & District Outreach,

Economic Education

Lorraine will discuss the history, structure, role, and responsibilities of the Central Bank and will also take questions from the audiences. Attendees will leave the presentation with a clearer picture of the unique quasi-governmental structure of the Fed, the historic events that led to that structure; an understanding of current Fed leadership; recent evolutions in the payment industry; and the role of the Fed in the United States economy.

Lorraine Thayer is the District Assistant Manager of Economic Education at the Federal Reserve Bank of San Francisco. In this role, Lorraine manages the District’s outreach efforts, forming strategic partnerships with state and local educational institutions, associations, and non-profit organizations. Lorraine serves as the 12th District representative to the Federal Reserve System Economic Education Group, and has served on the Executive Board of the Oregon Council on Economic Education, and as an advisor to Sabin Community Development’s Board of Directors. In addition, she served on the steering and planning committee for the Oregon Museum of Science & Industry’s national MoneyVille project, a traveling exhibit that provided financial literacy education for K – 12 students. Before joining the Federal Reserve Bank of San Francisco, Lorraine was in the hospitality industry, where she managed the sales and marketing efforts of a luxury hotel company in Portland.