Explore BrainMass

Explore BrainMass

    Explain the functions of the U.S. Federal Reserve System

    Not what you're looking for? Search our solutions OR ask your own Custom question.

    This content was COPIED from BrainMass.com - View the original, and get the already-completed solution here!

    Please explain the functions of the U.S. Federal Reserve System ('The Fed'), and describe how 'The Fed' controls, influences and manipulates the Monetary Policy of the U.S.

    © BrainMass Inc. brainmass.com March 4, 2021, 8:07 pm ad1c9bdddf

    Solution Preview

    The Federal Reserve acts as the banker for the U.S. government. In this role, the Federal Reserve maintains the Treasury Department's checking account and clears U.S. Treasury checks. The Fed processes a wide range of electronic payments for the government, such as Social Security and payroll checks. The Fed also issues, transfers, and redeems U.S. Treasury securities and conducts Treasury securities auctions. Depository institutions send food stamps to the Federal Reserve for processing and redemption.

    The Federal Reserve and state ...

    Solution Summary

    Functions of the U.S. Federal Reserve System are determined.