[nilesh]

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I want to know the Purposes and the Functions of the Federal Reserve Bank so will you please tell me?

[prince karak]

The Federal Reserve System is the central bank of the United States.

It was created by the Congress to provide the nation with a safer, more flexible, and more stable monetary and financial system.

The responsibilities of the Federal Reserve include influencing the supply of money and credit; regulating and supervising financial institutions; serving as a banking and fiscal agent for the United States government; and supplying payments services to the public through depository institutions like banks, credit unions, and savings and loans.

Payments services include issuing, transferring and redeeming U.S. government securities, processing and clearing checks, and transferring funds.

The Fed’s three functions are to:

conduct the nation’s monetary policy,

provide and maintain an effective and efficient payments system, and

supervise and regulate banking operations.

The Federal Reserve monitors financial system risks and engages at home and abroad to help ensure the system supports a healthy economy for U.S. households, communities, and businesses.

The Federal Reserve works to promote a safe, efficient, and accessible system for U.S. dollar transactions.

The Federal Reserve promotes the safety and soundness of individual financial institutions and monitors their impact on the financial system as a whole.

The Federal Reserve advances supervision, community reinvestment, and research to increase understanding of the impacts of financial services policies and practices on consumers and communities

Contact-

Main Telephone/TDD
For other inquiries, or to speak with an operator: 202-452-3000

Telecommunications Device for the Deaf (TDD) Line
For TDD access: 202-263-4869