Congress established the Federal Reserve, the central bank of the United States, in 1913 to provide the country with a more secure, more flexible, and more stable monetary and financial system. Presently, the Federal Reserve's duties fall into four general areas: (1) conducting the nation's monetary policy; 2) supervising and regulating banking institutions and protecting the credit rights of consumers; (3) maintaining the stability of the financial system; and (4) providing certain financial services to the U.S. government, the …showed first 75 words of 1180 total…

…showed last 75 words of 1180 total…controlling inflation. In the future, hopefully he will do as good of a job as he has already done in the past twelve years. Bibliography “Alan Greenspan.” Microsoft Encarta 1997 Encyclopedia. CD-ROM. 1997 ed. “Alan Greenspan.” 28 July 1999. < http://www.geocities.com/~the-igloo/greenspan/>. “Federal Reserve Board: Chairman Greenspan.” 26 July 1996. 31 July 1999. . Suroweki, Jim. “What has Greenspan done at the Fed?” 31 July 1999. .