what is the difference between the u s treasury and the federal reserve 
the u s treasury and the federal reserve are separate entities the treasury manages the money coming into and out of the government the federal reserve s primary responsibility is to keep the economy stable by managing the supply of money in circulation the department of the treasury manages federal spending it collects the government s tax revenues distributes its budget issues its bonds bills and notes and prints money the federal reserve is the central banking system of the united states and is run by a board of governors that oversees 12 regional federal reserve banks 