Is city Union bank a government affiliated bank?

The banking needs of the U.S. government are handled by Select one: a. Federal Reserve banks. B. a savings bank. C. the National Credit Union Administration. D. the Federal Savings and Loan Bank.

  • Answer:

    The banking needs of the U.S. government are handled by the Federal Reserve Banks. Federal Reserve Banks operate under the general supervision of the Board of Governors in Washington. Each Bank has a nine-member Board of Directors that oversees its operations.

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