Federal Reserve System

About

The Federal Reserve Board is the central bank of the United States. Established in 1913 under the Federal Reserve Act, it aims to provide the nation with a safer, more flexible, and more stable monetary and financial system. The Board performs numerous key functions, including conducting national monetary policy, overseeing the supervision and regulation of banks to ensure the safety and soundness of the financial system, maintaining financial stability, and providing financial services to depository institutions and the U.S. government. Monetary policy is a primary responsibility of the Federal Reserve Board, which involves influencing the availability and cost of money and credit to promote maximum employment, stable prices, and moderate long-term interest rates. The Board also supervises and regulates banking institutions to protect the credit rights of consumers, thereby fostering consumer protection and community development. Furthermore, it plays a significant role in enhancing the nation's financial stability by monitoring systemic risks and providing insights through economic research that informs decision-making. The Federal Reserve Board is dedicated to transparency and connects with communities across the country to boost economic growth while ensuring that all Americans benefit from a robust financial system.