Board of Governors of the Federal Reserve System

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The Federal Reserve, the central bank of the United States, was founded by Congress in 1913 to provide the nation with a safer, more flexible, and more stable monetary and financial system.

Today the Federal Reserve's duties fall into four general areas: (1) conducting the nation's monetary policy;
(2) supervising and regulating banking institutions and protecting the credit rights of consumers; (3) maintaining the stability of the financial system; and (4) providing certain financial services to the U.S. government, the public, financial institutions, and foreign official institutions.

   Breaking News
 
* Speech by Chairman Greenspan on the euro
 
* Speech by Governor Gramlich on asset prices
 
* Joint final rule on capital requirements for asset securitizations
 
* Beige Book
 
* Cease and Desist Order against Gulf Bank