When the Fed acts as a "lender of last resort", like it did in the financial crisis of 2007-2008, it is performing its role of:

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When the Fed acts as a "lender of last resort", it is providing liquidity to banks and financial institutions that are facing a shortage of funds. This is part of the Fed's role as the "bankers' bank". The other options, controlling the money supply, setting reserve requirements, and providing for check clearing and collection, are also roles of the Fed, but they are not specifically related to acting as a lender of last resort.

When the Fed Acts as a "Lender of Last Resort