Federal Agencies and Services - Stabilizing our Economy
Curious about what the US Department of the Treasury does? Want to learn how the Federal Reserve Bank is working to strengthen our economy? There are many ways in which federal agencies are working for you.
- The Federal Deposit Insurance Corporation (FDIC) insures deposits in banks and thrift institutions for at least $250,000, monitors risks to the deposit insurance funds, and limits the effect on the economy and the financial system when a bank or thrift institution fails.
- The Internal Revenue Service (IRS) is a bureau of the Department of the Treasury that applies the federal tax law while helping citizens understand and meet their tax responsibilities.
- The US Treasury Department promotes economic prosperity and ensures the financial security of the United States. The Department advises the President on economic and financial issues and improves governance of financial institutions. The Department of the Treasury produces coin and currency, collects revenue, and borrows funds necessary to run the federal government.
- The Federal Reserve conducts the nation's monetary policy by influencing the monetary and credit conditions in the economy in pursuit of maximum employment, stable prices, and moderate long-term interest rates. It maintains the stability of the financial system by supervising and regulating banking institutions to ensure the safety and soundness of the nation's banking and financial system. Also see the Federal Reserve Education site.
- The Federal Trade Commission maintains a competitive marketplace for both consumers and businesses, enforces consumer protection laws, and adopts trade regulations.
- The US Mint creates all of the coins in circulation, and even some that are not. The Mint produces billions of coins each year in Denver, Philadelphia, San Francisco, and West Point, NY. In addition to quarters, dimes, nickels and pennies, the Mint manufactures platinum, gold, and silver commemorative coins and medals. Learn more about coinage.
- The US Bureau of Engraving and Printing produces paper currency in both Washington, DC and Fort Worth, Texas. It also prints documents for passports, military identification, and naturalization. The past several years have seen increased security and counterfeit deterrent technologies incorporated into our money and federal documents.
- The Native Financial Education Coalition and OWEESTA are associations dedicated to providing financial education and asset building opportunities for Native communities.