The Federal Reserve System

The Federal Reserve System was created in 1913 following an era marked by financial panics and economic depressions. Its principal goal then was economic stability. This goal is still important today, along with current objectives such as stable prices, high employment, and economic growth. In addition to working toward these aims through its conduct of monetary policy, the Federal Reserve is a bank for banks, a bank for the U.S. government, and a supervisor and regulator of banks.

• Monetary Policy
   

• Supervision and Regulation
   

• A Bank for Banks and for the U.S. Government
   

• The Federal Reserve System: Purposes & Functions,
  Published by the Board of Governors of the Federal Reserve System
   

• Search Federal Reserve System FAQs.