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Yes, the Federal Reserve (the Fed) has the authority to regulate private banks in the United States. It supervises and examines bank holding companies and certain state-chartered banks, ensuring they comply with Federal Laws and regulations. The Fed also sets monetary policy, which influences the lending practices and overall stability of private banks, helping to maintain the health of the financial system. Additionally, it acts as a lender of last resort, providing liquidity to banks during financial crises.

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1w ago

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