What is the name of the central bank of the United States?

The central bank of the United States is known as the Federal Reserve System, commonly referred to as the FED. It plays a crucial role in the nation’s economy by managing monetary policy, regulating banks, maintaining financial stability, and overseeing the payment systems. The Federal Reserve has the authority to influence interest rates and control money supply, which are essential for steering the economy toward growth and inflation targets.

The other entities mentioned serve different functions. Bank of America is a commercial bank that offers financial services to consumers and businesses, whereas the U.S. Treasury is primarily responsible for managing government revenue and debt. The United States Postal Service operates independently to provide postal services and does not play any role in monetary policy or the banking system. This distinction highlights the specialized function of the Federal Reserve as the central institution governing monetary affairs in the U.S.