(FRS) is the central bank of the United States. Est. 1913. Purpose: -conduct monetary policy -supervises and regulates many of the nation's banks to protect consumers -maintains the stability of the financial markets and constrains potential crises -provides banking services to other banks, the U.S. government and foreign banks

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1. (FRS) is the central bank of the United States. Est. 1913. Purpose: -conduct monetary policy -supervises and regulates many of the nation's banks to protect consumers -maintains the stability of the financial markets and constrains potential crises -provides banking services to other banks, the U.S. government and foreign banks