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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
Legacy Member
A legacy member is a long-time member of a credit union, with family membership often spanning multiple generations.
Frozen Account
An account that is temporarily inaccessible, often due to suspected fraudulent activity or a court order.
Account Holder
A member with an active account, entitled to the institution's services and responsible for managing their account and transactions.

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