Federal Reserve Bank

The Federal Reserve Bank, often called the Fed, is the central banking system of the United States. Established in 1913, its main roles are to manage the country's monetary policy, regulate banks, maintain financial stability, and provide banking services. The Fed influences the economy by adjusting interest rates and controlling money supply to promote maximum employment and stable prices. It acts as a lender of last resort during financial crises and supervises and regulates financial institutions to ensure they operate safely and soundly, thereby supporting overall economic health.