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The Fed's Role in the U.S. Payments System

Louise Roseman, director of reserve bank operations and payment systems at the Board of Governors, shared a historical perspective on the Federal Reserve's role in the U.S. payments system. In four video segments, she describes the central bank's many responsibilities, including those of regulator, liquidity provider, and catalyst for change.

Part 1: An Overview of the Fed's Role in the Payments System

Part 2: The Fed as a Regulator

Part 3: The Fed as a Liquidity Provider

Part 4: The Fed as a Catalyst for Change