The Federal Reserve System is the central bank of the United States and conducts the nation's monetary policy. The primary goals of the Fed's monetary policy are to promote maximum employment, stable ...

The U.S. Constitution does not mention the need for a central bank, nor does it explicitly grant the government the power to create one. Those who adhere to a strict interpretation of the Constitution ...

IIIF provides researchers rich metadata and media viewing options for comparison of works across cultural heritage collections. Visit the IIIF page to learn more. Obverse Image: Portrait of Grover ...

Federal Reserve notes are the sole currency issued today. All U.S. currency issued since the first paper money was issued by the U.S. government in 1861 remains fully redeemable at face value. Federal ...

The Federal Funds Effective Rate reflects the cost of overnight borrowing between banks, influencing broader interest rates and monetary policy. Reserve balances with Federal Reserve Banks indicate ...

Click to open image viewer. CC0 Usage Conditions ApplyClick for more information. Obverse Image: Portrait of Grover Cleveland. Obverse Text: 20 / NATIONAL CURRENCY / SECURED BY UNITED STATES BONDS ...