Question: What are the notes issued by the organization that sets monetary policy for the country who regards Israel as its most reliable partner in the Middle East?

full_context: Document 1: Federal Reserve: The Federal Reserve System (also known as the Federal Reserve or simply the Fed) is the central banking system of the United States. It was created on December 23, 1913, with the enactment of the Federal Reserve Act, after a series of financial panics (particularly the panic of 1907) led to the desire for central control of the monetary system in order to alleviate financial crises. Over the years, events such as the Great Depression in the 1930s and the Great Recession during the 2000s have led to the expansion of the roles and responsibilities of the Federal Reserve System.
Document 2: Federal Reserve: The Federal Reserve System is composed of several layers. It is governed by the presidentially appointed Board of Governors or Federal Reserve Board (FRB). Twelve regional Federal Reserve Banks, located in cities throughout the nation, oversee the privately owned U.S. member banks. Nationally chartered commercial banks are required to hold stock in the Federal Reserve Bank of their region, which entitles them to elect some of their board members. The Federal Open Market Committee (FOMC) sets monetary policy; it consists of all seven members of the Board of Governors and the twelve regional bank presidents, though only five bank presidents vote at any given time: the president of the New York Fed and four others who rotate through one - year terms. There are also various advisory councils. Thus, the Federal Reserve System has both public and private components. The structure is considered unique among central banks. It is also unusual in that the United States Department of the Treasury, an entity outside of the central bank, prints the currency used.
Document 3: United States dollar: The U.S. Constitution provides that Congress shall have the power to "borrow money on the credit of the United States". Congress has exercised that power by authorizing Federal Reserve Banks to issue Federal Reserve Notes. Those notes are "obligations of the United States" and "shall be redeemed in lawful money on demand at the Treasury Department of the United States, in the city of Washington, District of Columbia, or at any Federal Reserve bank". Federal Reserve Notes are designated by law as "legal tender" for the payment of debts. Congress has also authorized the issuance of more than 10 other types of banknotes, including the United States Note and the Federal Reserve Bank Note. The Federal Reserve Note is the only type that remains in circulation since the 1970s.
Document 4: 51st state: Several websites assert that Israel is the 51st state due to the annual funding and defense support it receives from the United States. An example of this concept can be found in 2003 when Martine Rothblatt published a book called Two Stars for Peace that argued for the addition of Israel and the Palestinian territories surrounding it as the 51st state in the Union. The American State of Canaan, is a book published by Prof. Alfred de Grazia, political science and sociologist, in March 2009, proposing the creation of the 51st and 52nd states from Israel and the Palestinian territories.
Document 5: Federal Reserve Act: The Federal Reserve Act (ch. 6, 38 Stat. 251, enacted December 23, 1913, 12 U.S.C. § § 221 to 522) is an Act of Congress that created and established the Federal Reserve System (the central banking system of the United States), and which created the authority to issue Federal Reserve Notes (commonly known as the US Dollar) as legal tender. The Act was signed into law by President Woodrow Wilson.
Document 6: Israel: Israel has one of the highest ratios of defense spending to GDP of all developed countries, only topped by Oman and Saudi Arabia. In 1984, for example, the country spent 24% of its GDP on defense. By 2006, that figure had dropped to 7.3%. Israel is one of the world's largest arms exporters, and was ranked fourth in the world for weapons exports in 2007. The majority of Israel's arms exports are unreported for security reasons. Since 1967, the United States has been a particularly notable foreign contributor of military aid to Israel: the US is expected to provide the country with $3.15 billion per year from 2013 to 2018. Israel is consistently rated low in the Global Peace Index, ranking 148th out of 162 nations for peacefulness in 2015.
Document 7: United States dollar: The monetary base consists of coins and Federal Reserve Notes in circulation outside the Federal Reserve Banks and the U.S. Treasury, plus deposits held by depository institutions at Federal Reserve Banks. The adjusted monetary base has increased from approximately 400 billion dollars in 1994, to 800 billion in 2005, and over 3000 billion in 2013. The amount of cash in circulation is increased (or decreased) by the actions of the Federal Reserve System. Eight times a year, the 12-person Federal Open Market Committee meet to determine U.S. monetary policy. Every business day, the Federal Reserve System engages in Open market operations to carry out that monetary policy. If the Federal Reserve desires to increase the money supply, it will buy securities (such as U.S. Treasury Bonds) anonymously from banks in exchange for dollars. Conversely, it will sell securities to the banks in exchange for dollars, to take dollars out of circulation.
Document 8: United States debt ceiling: Under Article I Section 8 of the United States Constitution, only Congress can authorize the borrowing of money on the credit of the United States. From the founding of the United States until 1917, Congress directly authorized each individual debt issued. To provide more flexibility to finance the United States' involvement in World War I, Congress modified the method by which it authorized debt in the Second Liberty Bond Act of 1917. Under this Act, Congress established an aggregate limit, or ``ceiling, ''on the total amount of new bonds that could be issued.
Document 9: Israel: The United States and the Soviet Union were the first two countries to recognize the State of Israel, having declared recognition roughly simultaneously. The United States regards Israel as its "most reliable partner in the Middle East," based on "common democratic values, religious affinities, and security interests". Their bilateral relations are multidimensional and the United States is the principal proponent of the Arab-Israeli peace process. The United States and Israeli views differ on some issues, such as the Golan Heights, Jerusalem, and settlements. The United States has provided $68 billion in military assistance and $32 billion in grants to Israel since 1967, under the Foreign Assistance Act (period beginning 1962), more than any other country for that period until 2003.
Document 10: Monetary policy of the United States: Monetary policy concerns the actions of a central bank or other regulatory authorities that determine the size and rate of growth of the money supply. For example, in the United States, the Federal Reserve is in charge of monetary policy, and implements it primarily by performing operations that influence short - term interest rates.
Document 11: Israel: Germany's strong ties with Israel include cooperation on scientific and educational endeavors and the two states remain strong economic and military partners. Under the reparations agreement, by 2007[update] Germany had paid 25 billion euros in reparations to the Israeli state and individual Israeli Holocaust survivors. The UK has kept full diplomatic relations with Israel since its formation having had two visits from heads of state in 2007. The UK is seen as having a "natural" relationship with Israel on account of the British Mandate for Palestine. Relations between the two countries were also made stronger by former prime minister Tony Blair's efforts for a two state resolution. Israel is included in the European Union's European Neighbourhood Policy (ENP), which aims at bringing the EU and its neighbours closer.
Document 12: Israel: Although Turkey and Israel did not establish full diplomatic relations until 1991, Turkey has cooperated with the State since its recognition of Israel in 1949. Turkey's ties to the other Muslim-majority nations in the region have at times resulted in pressure from Arab and Muslim states to temper its relationship with Israel. Relations between Turkey and Israel took a downturn after the 2008–09 Gaza War and Israel's raid of the Gaza flotilla. IHH, which organized the flotilla, is a Turkish charity that has been challenged on ties to Hamas and Al-Qaeda. Relations between Israel and Greece have improved since 1995 due to the decline of Israeli-Turkish relations. The two countries have a defense cooperation agreement and in 2010, the Israeli Air Force hosted Greece’s Hellenic Air Force in a joint exercise at the Uvda base. Israel is the second largest importer of Greek products in the Middle East. The joint Cyprus-Israel oil and gas explorations centered on the Leviathan gas field are an important factor for Greece, given its strong links with Cyprus. Cooperation in the world's longest sub-sea electric power cable, the EuroAsia Interconnector, has strengthened relations between Cyprus and Israel.
Document 13: United States dollar: The Constitution of the United States of America provides that the United States Congress has the power "To coin money". Laws implementing this power are currently codified at 31 U.S.C. § 5112. Section 5112 prescribes the forms, in which the United States dollars should be issued. These coins are both designated in Section 5112 as "legal tender" in payment of debts. The Sacagawea dollar is one example of the copper alloy dollar. The pure silver dollar is known as the American Silver Eagle. Section 5112 also provides for the minting and issuance of other coins, which have values ranging from one cent to 50 dollars. These other coins are more fully described in Coins of the United States dollar.
Document 14: Federal Reserve Act: The Federal Reserve Act (ch. 6, 38 Stat. 251, enacted December 23, 1913, 12 U.S.C. ch. 3) is an Act of Congress that created and established the Federal Reserve System, the central banking system of the United States, and which created the authority to issue Federal Reserve Notes (now commonly known as the U.S. Dollar) and Federal Reserve Bank Notes as legal tender. The Act was signed into law by President Woodrow Wilson.
Document 15: Monetary policy of the United States: Though the Federal Reserve authorizes and distributes the currency printed by the Treasury (the primary component of the narrow monetary base), the broad money supply is primarily created by commercial banks through the money multiplier mechanism. One textbook summarizes the process as follows:
ground_truth: obligations of the United States
sub_queries: Who regards Israel as it's most reliable partner in the Middle East? Answer: The United States
which organization sets monetary policy for The United States Answer: the Federal Reserve
What are the notes issued by the Federal Reserve ? Answer: obligations of the United States