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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
Debit Card
A payment card linked to a checking or savings account that allows the cardholder to access and spend deposited funds.
Cashier's Check
A type of check issued by a bank and guaranteed by the bank's funds. It is a safe and reliable form of payment for large transactions.
Fixed Rate Loan
A loan with a constant interest rate for the life of the loan, providing the borrower with predictable monthly payments.