The 12 Federal Reserve banks and their branches do all of the following except:

Question

Quizplus · Accepted Answer

The Federal Reserve banks and their branches do not accept deposits from U.S. citizens. They primarily serve as the central bank of the United States, regulating and supervising member banks, distributing coins and currency, and serving as the banker for the United States Treasury. Instead, it is member banks that accept deposits from U.S. citizens.

The 12 Federal Reserve Banks and Their Branches Do All