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 I agree that this page is of poor quality and generally fits within the scope of page Federal Reserve System and should be either removed or completely redone to have a much narrower focus. Consider the following example of problems. In the next to last paragraph of the section ""Function"", the subject is the ""Federal Reserve System"" (rather than Federal Reserve Bank). It says, ""The only means in which the Federal Reserve System can create money is by offering banking institutions additional credit on the reserves held by the Federal Reserve System to those financial institutions in need of additional assistance."" This is incorrect, per article Federal Reserve System which correctly states the Federal Reserve creates money via the Open Market Operations (i.e. printing money to buy Treasuries from non-government entities), Discount Window loans to banks (i.e. printing money and loaning it to banks), Changing Reserve Requirements (the fraction of demand deposits that must be be deposited with the Federal Reserve.) This is correct per Samuelson, Robert, ""Economics"" Eleventh Edition, 1980 McGraw-Hill, Inc., Chapter 17, Federal Reserve and Central Bank Monetary Policy, pp. 295-312."