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Federal Reserve Board - ex officio

The Federal Reserve System is the central bank of the United States. It was founded by Congress in 1913 to provide the nation with a safer, more flexible, and more stable monetary and financial system; over the years, its role in banking and the economy has expanded.
Today, the Federal Reserve's duties fall into four general areas:

  • Conducting the nation's monetary policy by influencing the money and credit conditions in the economy in pursuit of full employment and stable prices

  • Supervising and regulating banking institutions to ensure the safety and soundness of the nation's banking and financial system and to protect the credit rights of consumers

  • Maintaining the stability of the financial system and contain-ing systemic risk that may arise in financial markets

  • Providing certain financial services to the U.S. government, to the public, to financial institutions, and to foreign official institutions, including playing a major role in operating the nation's payments system.

Rose Pianalto
Federal Reserve Board - ex officio
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