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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
Federal Reserve
The US central bank, responsible for monetary policy, bank regulation, and government financial services.
Account Statement
An official summary of all transactions and activities that occur in an account over the course of a given period of time.
Fixed Rate Loan
A loan with a constant interest rate for the life of the loan, providing the borrower with predictable monthly payments.