Federal Reserve

The Federal Reserve, often referred to as the "Fed", is the central banking system of the United States, established in 1913 to provide the country with a safer, more flexible, and more stable monetary and financial system. It is responsible for conducting the nation's monetary policy, supervising and regulating banking institutions, maintaining the stability of the financial system, and providing financial services to depository institutions, the U.S. government, and foreign official institutions. The Federal Reserve's main offices are in Washington, D.C., with twelve regional Federal Reserve Banks located in major cities across the United States.