A Comparison of Two Federal Reserve Banks
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Introduction: Federal Reserve Functions
The Federal Reserve System is the central bank of the United States. It was founded by Congress in 1913 to provide the nation with a safer, more flexible, and more stable monetary and financial system. Over the years, its role in banking and the economy has expanded. Today, the federal Reserve’s duties fall into fall into four general areas:
1. Conducting the nation’s monetary policy by influencing the money and credit conditions in the economy in pursuit of full employment and stable prices;
2. Supervising and regulating banking institutions to ensure the safety and soundness of the nation’s banking and financial..