ECONOMICS (CBSE/UGC NET)

Detailed explanation-1: -The Federal Reserve monitors financial system risks and engages at home and abroad to help ensure the system supports a healthy economy for U.S. households, communities, and businesses.

Detailed explanation-2: -Supervising and regulating banks and other important financial institutions to ensure the safety and soundness of the nation’s banking and financial system and to protect the credit rights of consumers.

Detailed explanation-3: -Bank holding companies constitute the largest segment of institutions supervised by the Federal Reserve, but the Federal Reserve also supervises state member banks, savings and loan holding companies, foreign banks operating in the United States, and other entities.

Detailed explanation-4: -The Federal Reserve System’s Mandate and Duties Supervising and regulating banking institutions to ensure the safety of the U.S. banking and financial system and to protect consumers’ credit rights.