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Reference and User Services Association Division of American Library Association Business Guides

BRASS Business Guide - BANKING

Sponsored by the BRASS Education Committee

What is the Federal Reserve?

The Federal Reserve is the central bank of the United States. Central banks are often called the "bankers bank" and the "government's bank."  Basically, this means 'the Fed' a) works to insure the safety and efficiency of the commercial banking and payment system in the U.S., and b) oversees the monetary policy of the U.S., mainly through managing interest rates, setting reserve requirements, acting as a lender of last resort and controlling the money supply.

Select Periodicals

Federal Reserve Data, Statistics, and Publications

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