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The Federal Reserve is the central banking system of the United States. It was created in the year 1913. It is incharge of supervising and monitoring banking operations in the United States. It sets the regulatory requirements, reserve ratios, interest rates etc that banks need to follow.

Ben Bernanke is the chairman of the Federal Reserve. He has been the chairman since 2006. Before him, Alan Greenspan was the chairman of the Federal Reserve.

The Government of the United States owns the Federal Reserve.

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