The Federal Reserve In Action Service Roles Regulatory Roles 1. soils, transfers, and redeems B. collecta daily reports on banks 2. issues paper 9. may force banks to wall J. acts as a clearing center for 10. may force problem banks to undergo checks up on activities of member banks by send- 11. subjects banks that go to the Fed for emergency ing out loans too often to uses findings and recommendations of Reserve 12. regulates the nation's Banks to approve or disapprove 13. compares MI, M2, and M3 measurements with rotects consumers by enforcing the likely severe recessions, provides commercial banks 14. uses its tools to try to stabilize the nation's overall