The Federal Reserve is the central bank of the United States. The Federal Reserve Bank is in change of ensuring the stability of the currency and monetary system of the United States.
Congress created the Federal Reserve System in 1913. Learn about the role of the Fed in establishing competitive banking practices, protecting consumer transactions, and assuring stable markets.
View this website to learn about the Federal Funds rate, which is the rate at which banks lend money to each other from their deposits to the Federal Reserve Bank.