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Soard of Governors of the Federal Reserve System Form

Soard of Governors of the Federal Reserve System Form

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the Federal Reserve System is the central bank of the United States the Fed as it is commonly known was created by Congress in 1913 after the country experienced a series of financial crises with the goal of providing the nation with a safer more flexible and more stable monetary and financial system the feds mission is to promote the stability of the United States economy and our nation's financial system some of the work of the Fed includes setting monetary policy which is influencing the availability and cost of money and credit the Fed also supervises and regulates banks and other financial institutions and provides payment services to the banking system in addition the Fed is responsible for distributing currency providing cheque clearing services and supporting electronic payments also as the nation's central bank the Fed acts as lender of last resort the Fed is uniquely decentralized with a combination of public and private sector characteristics the Board of Gov

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