Which institution is solely responsible for insuring depositors' money in the US?

The institution responsible for insuring depositors' money in the United States is the Federal Deposit Insurance Corporation (FDIC), which is not listed in your answer choices. However, among the options provided, the Federal Reserve plays a crucial role in the overall banking system and the economy but does not directly insure deposits.

The Federal Reserve serves as the central bank of the United States and manages monetary policy, regulates and supervises banking institutions, and helps maintain financial stability. It is responsible for overseeing the banking system but does not provide insurance for deposited funds. The FDIC, which is the actual insurer of deposits, protects depositors in member banks up to a limit (currently $250,000 per depositor).

The other institutions listed have distinct functions:

• The Federal Trade Commission focuses on consumer protection and preventing antitrust practices.

• The Office of the Comptroller of the Currency regulates and supervises national banks, but does not insure deposits itself.

• The Consumer Financial Protection Bureau is dedicated to protecting consumers in financial matters but does not handle deposit insurance.

Thus, while the Federal Reserve is a key player in the financial system, it is not the entity that insures depositors’ money. The FDIC is the correct organization responsible for this function