What is the purpose of the Federal Reserve System?The Fed - What is the purpose of the Federal Reserve System? (2016, November 3). Board of Governors of the Federal Reserve System. https://www.federalreserve.gov/faqs/about_12594.htm
The Federal Reserve System, often referred to as the Federal Reserve or simply "the Fed," is the central bank of the United States. It was created by Congress to provide the nation with a safer, more flexible, and more stable monetary and financial system. The Federal Reserve was created on December 23, 1913, when President Woodrow Wilson signed the Federal Reserve Act into law. Today, the Federal Reserve's responsibilities fall into four general areas.
The Principles of Banking by