Congress created the Federal Reserve System in 1913 to serve as the central bank of the United States and to provide the nation with a safer, more flexible and more stable monetary and financial system.Although all three roles are important in maintaining a stable growing economy, monetary policy is the most visible to many citizens.

Today, the Fed's three functions are:

  • to conduct the nation's monetary policy,
  • to provide and maintain an effective and efficient payments system, and
  • to supervise and regulate banking operations.

The Dallas Fed Economic Research Economic Data

 

The United States Treasury Department is entrusted with a broad range of duties and functions. In addition to monetary functions such as budgets, taxes, and currency production and circulation, Treasury also oversees critical functions in enforcement, economic policy development, and international treaty negotiation.

 

The World Bank is a vital source of financial and technical assistance to developing countries around the world. We are not a bank in the common sense. We are made up of two unique development institutions owned by 185 member countries-the International Bank for Reconstruction and Development (IBRD) and the International Development Association (IDA)