The Federal Reserve cannot mint coins or print currency, which are functions of the Treasury Department. The Treasury Department is administered by the Secretary of the Treasury, whom is appointed by the President.
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The Federal Reserve is responsible for managing the money supply in the U.S.
The Federal Reserve was created in 1913
There are twelve Federal Reserve districts in the U.S.
Why does the Federal Reserve Bank of New York play a special role within the Federal Reserve System?
All member banks of the Federal Reserve in USA can and do borrow money from the federal reserve. The Federal Reserve is the banker of banks to whom the banks go when they need money.