"As the nation’s central bank, the Federal Reserve System has numerous, varied responsibilities:
conducting the nation’s monetary policy by influencing monetary and credit conditions in the economy
supervising and regulating banking institutions, to ensure the safety and soundness of the nation’s banking and financial system and to protect the credit rights of consumers
maintaining the stability of the financial system and containing systemic risk that may arise in financial markets
providing financial services to depository institutions, the U.S. government, and foreign official institutions."