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Federal Reserve
The US central bank, responsible for monetary policy, bank regulation, and government financial services.
More Details
The Federal Reserve, also known as the "Fed," is the central bank of the United States. It was created by Congress in 1913 to provide the nation with a stable and flexible monetary and financial system.
Example
The Federal Reserve helps to protect your financial success by regulating banks, implementing monetary policy, providing financial services, and providing overall economic stability with its oversight.
Related Terms
Fair Credit Reporting Act (FCRA)
A federal law that protects consumers' credit information and gives them the right to access and dispute their credit reports.
Account History
A history of a customer's deposits, withdrawals, and payments over a specified period of time.
Inactive Account
A financial account that has not had any activity or transactions for a long period of time.