Federal Reserve
The Federal Reserve System serves as the United States' central bank, overseeing monetary policy, banking regulation, financial stability, and payment services.
Company facts
- Founded
- 1913
- Employees
- 5,000
- Headquarters
- United States
- Type
- Government
About
The Federal Reserve System serves as the United States' central bank, overseeing monetary policy, banking regulation, financial stability, and payment services. Its primary mission is to foster maximum employment, stable prices, and moderate long-term interest rates through the management of monetary and credit conditions. The Fed also supervises banks to safeguard the soundness of the financial system and protect consumer credit rights, while actively mitigating systemic risk. Additionally, it provides essential financial services to depository institutions, the federal government, and foreign official institutions, playing a pivotal role in operating the nation's payments infrastructure. This combination of regulatory authority, policy influence, and service provision makes the Federal Reserve uniquely positioned to shape the U.S. economy and maintain financial stability.