Fedral Bank (0)

The Federal Bank, otherwise referred to as the Federal Reserve System, plays a very central role in the United States' economic framework. The system was founded in 1913 and operates as the central banking system with objectives that include formulating monetary policy, supervising banks, ensuring financial stability, and providing various financial services. The Federal Reserve has twelve regional Federal Reserve Banks spread out in major cities throughout the United States, with the Board of Governors in Washington, D.C. The Fed operates independently in the government and maintains a stable monetary environment that encourages maximum employment, stable prices, and moderate long-term interest rates.