What is Federal Reserve Bank? What is the Federal interest?

Just like Reserve bank in India, Federal Reserve Bank is the one which controls the money and market flows in the America. It mainly focusses on the inflation and monetary matters of the nation. The employment provision and stable prices are also the most important matters in their curriculum. They are like the center for all banking. Well, the federal bank maintains a depository and control the flow of money into the country. This depository lends money to another financial depository which is creditworthy for some interest. This money should be used to reclaim the country’s economic transactions without bounding any personal or institutional agenda.