When it was first created by Congress in 1913, the primary role of the Federal Reserve System was to:
O provide a safe bank for the government to store the tax revenue it collected as a result of the establishment of a permanent federal income tax.
O act as lender of last resort to the banking community.
O regulate business practices by granting loans only to those businesses that met federal competitive guidelines.
O make loans to small businesses and farmers in the agricultural sector of the economy.