U.S. Federal Reserve System (Fed)

Federal Reserve System (Fed) performs the duties of the central bank of the United States under the Act of December 23, 1913. In the administration of the by the Federal Reserve The Fed is a special type of financial institution that combines the characteristics of an independent legal entity and a public government agency. The Fed is a special type of financial institution that combines the characteristics of an independent legal entity and a public government agency. This was done to ensure a balance between taxpayers and the government and to prevent the possible use of the money issue for the short-term interests of the US Government, for example, to cover budget deficits.

In the structure of the Federal Reserve include 12 regional reserve banks and a large number of private banks that receive an inalienable, fixed return on FRB stock in exchange for contributing reserve capital.

Core functions include of the Federal Reserve include: carrying out the responsibilities of the U.S. Central Bank, balancing the national interest with the interests of private banks, regulating banking institutions, protecting the credit rights of consumers, controlling and managing money issue, and establishing and maintaining a stable financial system.