The Federal Reserve Board is the central banking system of the United States, tasked with providing the nation with a safe, flexible, and stable monetary and financial system. It conducts the nation’s monetary policy, manages financial regulation, supervises and regulates banks, maintains financial stability, and provides financial services to the U. S. government. The Board also plays a key role in implementing monetary policy through the Federal Open Market Committee (FOMC) and oversees various financial stability assessments and payment systems.