User talk:Vuepa86

The Fed:

"Federal Reserve" Board/System/Bank; informally named The Fed.

The Fed is the central banking system of the United States of America.

What is a central bank? A reserve bank w/monetary authority. Maintains stability of the nation's currency and distribution of money supply. Active duties are: controll subsidized loan interest rates, and acts as "bailout" lender of last resort to banking sector during financial crises. Supervises banks and other financial institutions to behave ethically, not reckless or fradulently.