Question

If Wachovia® needed to borrow money, the bank manager would contact the Federal Open Market Committee Federal Reserve Regional Bank Board of Governors Member Bank

Answer 1

The bank manager would contact the Federal Reserve Regional Bank.

Fact: The objective of their activities is to ensure the financial strength and stability of the nations banking system.

Answer 2

The bank manager would contact the Federal Reserve Regional Bank.

Step-by-step explanation:

When institutions like Wachovia whose work on financial an banking services need a loan, they need to contact the Federal Reserve Regional Bank, which is a regional bank of the Federal Reserve System, the central banking system of the United States. This is the way they can borrow money from a bigger economic source.