"The Federal Reserve System (also known as the Federal Reserve, and informally as the Fed) is the central banking system of the United States.
Its duties today, according to official Federal Reserve documentation, are to conduct the nation's monetary policy, supervise and regulate banking institutions, maintain the stability of the financial system and provide financial services to depository institutions, the U.S. government, and foreign official institutions."
"Mission...
supervising and regulating banking institutions to ensure the safety and soundness of the nation's banking and financial system and to protect the credit rights of consumers..."
"reg·u·la·tion [reg-yuh-ley-shuhn] noun 1. a law, rule, or other order prescribed by authority, especially to regulate conduct. ..."
http://dictionary.reference.com/browse/regulation
"The Federal Reserve System (also known as the Federal Reserve, and informally as the Fed) is the central banking system of the United States.
Its duties today, according to official Federal Reserve documentation, are to conduct the nation's monetary policy, supervise and regulate banking institutions, maintain the stability of the financial system and provide financial services to depository institutions, the U.S. government, and foreign official institutions."
http://en.wikipedia.org/wiki/Federal_Reserve_System
"Mission... supervising and regulating banking institutions to ensure the safety and soundness of the nation's banking and financial system and to protect the credit rights of consumers..."
http://www.federalreserve.gov/aboutthefed/mission.htm
(Emphases mine)