What is the Fed?
The Federal Reserve System is the central banking system of the United States. It was created in 1913, with the enactment of the Federal Reserve Act. Its duties today are to conduct the nation’s monetary policy, supervise and regulate banking institutions, maintain the stability of the financial system and provide financial services to depository institutions, the U.S. government, and foreign official institutions.
Roles and Responsibilities
Currency and coin, checks, electronic payments, and financial services to the U.S. government.
Supervision & Regulation
Safety and soundness, fostering stability, and ensuring compliance in the banking industry.