Question

Discuss some of the functions of the Federal Reserve Bank of the United States,

Discuss some of the functions of the Federal Reserve Bank of the United States,

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Answer #1

Reserve bank of united state is a bank which mainly serves the United States, Treasury and many more things. One of the main function of reserve bank is, they supervise the commercial banks which are located with in their area.Treasury's payments ,investment activities and many other activities are also handle by the reserve banks.Electronic payments as well as for storing money (currency, coin)these all activities are also done by the reserve bank.The board of directors present within the reserve banks judges and they also notices the activities of district banks.It gurentees each consumers protection and they also identifies the problems which is faced by the consumers and certain measures are taken to over come the difficult situavation.Stability towards financial system is attained over here and active monitoring is also done in order to reduce these risks.

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