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what are the three major responsibilities of the federal reserve?

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The federal reserve influences U.S. monetary policy by influencing money and credit in the pursuit of full employment and stable prices. The Fed (Federal Reserve) also supervises the activities of banks and financial institutions to protect the safety of the financial industry. The Fed also provides financial services to the  U.S. Government and generally oversees the nations payment system. And overall the Fed seeks to sustain and maintain the financial system by preventing and protecting against risk. 
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1.  Providing effective payments systems
2.  Regulating banking operations
3.  Developing monetary policy
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