Which of the following is not an activity of the Fed?

A) Making loans to the public
B) Clearing banks' checks
C) Lending funds to the Federal government
D) Purchasing U.S.government securities
E) Holding deposits of the U.S.Treasury

Fed

The Federal Reserve System, the central banking system of the United States, which regulates banks, manages the country's money supply, and aims to ensure economic stability.

U.S. Government Securities

Instruments for raising funds issued by the Treasury Department of the United States to support the federal government's expenditures.

Deposits

Deposits refer to the funds that customers place into their bank accounts, which can include savings, checking, and other types of accounts.