What are the three main responsibilities of the federal reserve

The "Federal Reserve System" that was created by the Congress in 1913 has some special responsibilities. The responsibilities primarily include the supply of money and credit; regulating and supervision of the financial institutions; serving as a bank for the government of the United States; sending payments to the public through the depository banks.

The Federal Reserve’s comprises of the "Board of Governors" in "Washington D.C." and the 12 regions Reserve Banks. It has three major functions:

a.Conduct the monetary policy.

b.Maintain an effective and efficient payment system.

c.Supervise and regulate the banking operations.

the triple alliance. germany and austria-hungary were already allies by 1879 when, worried about a threat from russia, they formed the dual alliance. italy joined the group in 1882. there was a concern about a possible attack from france and the alliance needed powerful friends to defend it.

the government closely monitored its finances to avoid another financial collapse.