Name three important jobs of the Federal Reserve.

Infuencing the supply of money and credit

Regulating and supervising financial institutions

Serving as a banking and fiscal agent for the United States government.

Student answers will vary but should include five of the following: control the amount of money in circulation, control interest rates, lend money to banks, store excess coins and cash for member banks, remove and replace worn out money, conduct inspections and audits of banks, manages check clearing for member banks, regulate electronic bank transactions