When the Federal Reserve makes a purchase, it credits the seller's reserve account (with the Federal Reserve). This money is not transferred from any existing funds—it is at this point that the Federal Reserve has created new high-powered money. Commercial banks can freely withdraw in cash any excess reserves from their reserve account at the Federal Reserve. To fulfill those requests, the Federal Reserve places an order for printed money from the U.S. Treasury Department. The Treasury Department in turn sends these requests to the Bureau of Engraving and Printing (to print new dollar bills) and the Bureau of the Mint (to stamp the coins). COUNT 5
QSN1 Who can create "new high-powered money"? ANS1 Federal Reserve QSN2 Who does the Federal Reserve have to place an order with for printed money? ANS2 U.S. Treasury Department QSN3 Which organization stamps coins? ANS3 Bureau of the Mint QSN4 Which Bureau prints new dollars? ANS4 Engraving and Printing QSN5 Who can freely withdraw from  their reserve accounts at the Federal Reserve? ANS5 Commercial banks