Federal Reserve

Federal Reserve System (Fed)

The Federal Reserve is the central bank system of the United States. It sets monetary policy, supervises banks, and provides financial services such as payment settlement.

The Fed operates systems like Fedwire and FedACH and issues U.S. currency. It also serves as lender of last resort to promote financial stability. Official site: Federal Reserve.

Related Terms

Fedwire

Federal Reserve Wire Network

Fedwire is a real-time gross settlement (RTGS) system operated by the Federal Reserve Banks for high...

ACH

Automated Clearing House

ACH is an electronic network for financial transactions in the United States. It processes large vol...

FDIC

Federal Deposit Insurance Corporation

The FDIC is a US government agency that provides deposit insurance to depositors in American banks. ...

OCC

Office of the Comptroller of the Currency

The OCC is a US federal agency that charters, regulates, and supervises national banks and federal s...

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