Federal Reserve

The Federal Reserve System (also the Federal Reserve; informally The Fed) is the central banking system of the United States.

Roles and responsibilities

The main tasks of the Federal Reserve are:

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• Supervise and regulate banks
• Implement monetary policy by buying and selling U.S. Treasury Bonds
• Maintain a strong payments system
• Control the amount of money that is made and destroyed on a day to day basis

Other tasks include:

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• Economic research
• Economic education
• Community outreach