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                                                    Federal Reserve

The Federal Reserve is the central bank of the United States. President Woodrow Wilson established it in 1913. The Federal Reserve Incorporates 12 regional Federal Reserve Branch banks; all national banks, state chartered commercial banks and some trust companies.

The primary purpose of the Federal Reserve is to manage and maintain our nation's supply of money and credit. The Federal Reserve operates at the center of the nation's financial system and maintains the nation's supply of currency, coin and payment services, such as electronic transfer and check clearing functions.

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