Congress created the Federal Reserve in 1913 to provide the nation with a more stable financial system. As the central bank of the United States, the Federal Reserve conducts the nation's monetary policy, regulates banks, maintains the stability of the financial system and provides financial services to the government and the public. There are 12 Federal Reserve Districts in the nation, with a bank in a major metropolitan area. The Federal Reserve site offers research and data about the economy and consumer information.