The Federal Reserve banks clear checks between private banks,hold bank reserves,provide currency for banks,and make loans to private banks.

Name: The Federal Reserve banks clear checks between private banks,hold bank reserves,provide currency for banks,and make loans to private banks.
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This statement is true. The Federal Reserve banks are responsible for clearing checks between private banks, holding bank reserves, providing currency for banks, and making loans to private banks.

The Federal Reserve Banks Clear Checks Between Private Banks,hold Bank