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The Federal Reserve Bank of Minneapolis is one of the twelve regional Federal Reserve Banks across the U.S. that, together with the Board of Governors in Washington, D.C., serve as the nation's central bank. The Minneapolis Fed serves depository institutions and the public in the Ninth Federal Reserve District, which includes Minnesota, North Dakota, South Dakota, Montana, and parts of Wisconsin and Michigan. As the central bank for the Ninth District region, the Minneapolis Fed supervises and regulates the activities of all District bank and financial holding companies, their nonbank subsidiaries, and state-chartered banks that are members of the Federal Reserve System. More specifically, trained examiners and analysts work with other federal and state authorities to promote safety and soundness in the operation of the financial industry by monitoring the financial conditions of these institutions, reviewing for compliance with federal laws and Federal Reserve regulations, and seeking corrective action when unsatisfactory conditions are found. Other central bank responsibilities of the Minneapolis Fed include promoting the fair and equitable treatment of consumers in their banking relationships and financial transactions, providing liquidity to eligible Ninth District depository institutions through the Discount Window, administering the Federal Reserve System's Payment System Risk policy, and supporting community reinvestment and economic development activities throughout the District. |
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