The 12 regional Fed banks do all of the following except:
A) Clear checks between private banks.
B) Lend money to individuals.
C) Provide currency to banks.
D) Hold bank reserves.

Question

Quizplus · Accepted Answer

The 12 regional Fed banks do not lend money to individuals. They primarily serve as a decentralized central banking system, conducting monetary policy, supervising and regulating banks, providing payment services to banks, and maintaining financial stability.

The 12 Regional Fed Banks Do All of the Following