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An official website of the United States government

The national system of Federal Reserve Banks processes electronic payments (e.g., Fedwire transfers and ACH) and checks, handles federal government deposits and various support functions, and supervises and regulates federally chartered financial institutions. Federal Reserve Banks serve as the federal government’s fiscal agents. The Federal Reserve System consists of 12 districts, each served by a Federal Reserve Bank, and is overseen by the Board of Governors and serves as the nation’s central bank.