In its role as the bankers' bank, the Federal Reserve performs all of the following services, except:

Question

Quizplus · Accepted Answer

The Federal Reserve does not manage U.S. Treasury borrowings. That is the responsibility of the U.S. Treasury Department. The other services listed (collecting and making available data on business conditions, making discount loans, and clearing paper checks and transferring funds electronically) are all services that the Federal Reserve provides as the bankers' bank.

In Its Role as the Bankers' Bank, the Federal Reserve