As chief banker for the U.S. Government, the Fed

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The Fed's primary role as the central bank of the United States is to manage the country's monetary policy, including regulating money supply and interest rates and supervising banks. As part of this function, the Fed also processes and clears Treasury checks. However, the Fed does not decide fiscal policy or government spending, which are determined by the executive and legislative branches of the government.

As Chief Banker for the U