What are the major functions of the Federal Reserve System?

Answer 1

Here is a section of the wikipedia article on the Fed:

According to the Board of Governors, the main tasks of the Federal Reserve System are:

1. conducting the nation’s monetary policy by influencing the monetary and credit conditions in the economy in pursuit of maximum employment, stable prices, and moderate long-term interest rates
2. supervising and regulating banking institutions to ensure the safety and soundness of the nation’s banking and financial system and to protect the credit rights of consumers
3. maintaining the stability of the economy and containing systemic risk that may arise in financial markets
4. providing financial services to depository institutions, the U.S. government, and foreign official institutions, including playing a major role in operating the nation’s payments system

The full article is at: http://en.wikipedia.org/wiki/Federal_Reserve_System

Answer 2

This Site Might Help You.

RE:
What are the major functions of the Federal Reserve System?

Answer 3

Monetary Policy (Money Supply).

* Check clearing and collection
* Deposit expansions
* Deposit contractions

Using:
* Reserve Requirments
* Discount rate
* Open market operations (buying & selling govt. securities)

Answer 4

Alex K got it, no need to add to it

Answer 5

Use this website http://federalreserve.gov/pf/pf.htm It will tell you all of them.