The part of the Federal Reserve System (the Fed) that supervises and regulates member banks is

Name: The part of the Federal Reserve System (the Fed) that supervises and regulates member banks is
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The Board of Governors is responsible for supervising and regulating member banks, as well as carrying out other key functions of the Fed such as setting monetary policy and overseeing the payments system. The other options listed do not have regulatory authority over member banks.

The Part of the Federal Reserve System (The Fed) That