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The Federal Reserve offers banking services to the many banks in the United States. The Federal Reserve is where banks store large sums of money.

Q: Who does the federal reserve offer banking services to?

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The Federal Reserve offers banking services to the many banks in the United States. The Federal Reserve is where banks store large sums of money.

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What is the federal reserve and what does it do?

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Fractional-reserve banking is what keeps the banks running. They must keep a certain amount of money in reserve (usually in the form of a deposit with the central bank), so that people can withdrawal their deposits.

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Federal Reserve

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The Federal Reserve System is the organization responsible for banking in the United States. The Federal Reserve is also responsible for overseeing banks in the US.

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