Federal Reserve System Investor Relations Material

The Federal Reserve, often referred to as the Fed, is the central banking system of the United States. Established by the Congress to provide the nation with a safe, flexible, and stable monetary and financial system, it performs five general functions to promote the effective operation of the U.S. economy and, more generally, the public interest. These include conducting the nation’s monetary policy, promoting the stability of the financial system, ensuring the safety and soundness of individual financial institutions, fostering payment and settlement system safety and efficiency, and promoting consumer protection and community development. The Federal Reserve is not a publicly listed company; instead, it is a federal institution that operates independently within the government, having both public purposes and private aspects. Its key decision-making body is the Federal Open Market Committee (FOMC), responsible for open market operations and monetary policy decisions. The system is headquartered in Washington, D.C.