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Please include references The role of the United States Central banking is controlled by the Federal Reserve Bank is to ensure short and long term

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The role of the United States Central banking is controlled by the Federal Reserve Bank is to ensure short and long term growth, provide banking services to other banks (only) and regulate member banks reporting with governors elected by the President to represent all facets of the US economy. What recent bank defaults have occurred under the Federal Reserve's watch and why did they occur

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