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Updated in 2007
In this 12-minute video, you'll meet the people
of the Federal Reserve Bank of Boston and learn
about their important responsibilities.
The Boston
Fed — created
by Congress, assigned to serve the six New England
states, one of 12 Federal Reserve Banks around the
country — has three
responsibilities:
(1) Maintain a safe and sound banking system so
consumers and businesses know their money is safe
when making banking transactions
(2) Maintain a level of interest rates that keeps
inflation in check while permitting the economy
to grow
(3) Maintain a payments system – coins and
currency, checks, money orders, ATM transactions,
debit cards, electronic transfers – that
functions quickly, smoothly, and safely
This video shows how the people of the Boston
Fed fulfill these responsibilities and share their
knowledge and expertise with the people of New England
in a variety of ways. You'll also learn how the Boston
Fed brings vigor and vitality to its longstanding
mission.
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