Five tasks are carried out by the Federal Reserve System to advance the efficient running of the American economy and, more generally, to satisfy the needs of the general public,the Board of Governors, the 12 Federal Reserve Banks, and the Federal Open Market Committee are its three main constituents.
<h3>Overview of the Federal Reserve System</h3>
In order to advance the soundness of the American economy and the stability of the American financial system, the Federal Reserve undertakes five essential tasks.
<h3>The Three Key System Entities</h3>
In order to advance the strength of the American economy and the stability of the American financial system, the Board of Governors, the Federal Reserve Banks, and the Federal Open Market Committee collaborate.
<h3>Conducting Monetary Policy</h3>
In order to encourage maximum employment and stable pricing in the American economy, the Federal Reserve determines the country's monetary policy.
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