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Agency Federal Reserve System Acronym FRB Hierarchy Independent Establishments and Government Corporations. Docs News Releases; Speeches; Congressional Testimony; Statistical Reports; Woking Papers; Reports URL http://www.federalreserve.gov/ Notes The Federal Reserve's duties fall into four general areas: (1) conducting the nation's monetary policy; (2) supervising and regulating banking institutions and protecting the credit rights of consumers; (3) maintaining the stability of the financial system; and (4) providing certain financial services to the U.S. government, the public, financial institutions, and foreign official institutions. Subjects BANKING