ELI5: Explain Like I'm 5

Federal Reserve System

The Federal Reserve System (also known as "the Fed") is like a giant bank or a huge vault where the government and banks can keep their money (like saving money in a piggy bank). The Fed helps make sure that there's enough money to go around, and helps make sure the economy is stable. It also makes sure that people have enough money to buy things they need. The Fed helps banks lend money to people who need it, like when you borrow money to buy a car. The Fed also sets rules for banks and keeps track of how much money they have.