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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