ther role in which the Federal Reserve plays a major part is in the supervisionand regulation of the U.S. banking system. The examination of institutions for safety andsolidity - banking supervision - is shared with the Office of the Comptroller of theCurrency, which supervises national banks, and the Federal Deposit InsuranceCorporation, which supervises state banks that are not members of the Federal ReserveSystem.The implementation of the Federal Reserve in 1913 was truly a great assett tofinancial and American well being. Without the Federal Reserve, we would have noagency to control monetary policy and push the economy towards full employement. ...
