20th Street and Constitution Avenue, NW,
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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.
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