Federal Reserve Notes are paper currency issued by the Federal Reserve System (FED) and circulated by the Federal Reserve Banks. They serve as liabilities of the Federal Reserve Banks and constitute obligations of the U.S. government.
FedWire is a high-speed, computerized communications network that facilitates electronic funds transfers between U.S. banks and the Federal Reserve System. It is essential for the transfer of reserve balances and customer transactions.
TreasuryDirect is an electronic platform that allows individual investors to purchase U.S. Treasury securities directly from the government, thus bypassing intermediaries like banks and brokers.
