Full-Time

Summer Law Clerk-Legal Group

Updated on 1/31/2025

The Federal Reserve System

The Federal Reserve System

1,001-5,000 employees

Central bank managing U.S. monetary policy

Fintech
Financial Services

Compensation Overview

$94.9kAnnually

Entry

No H1B Sponsorship

New York, NY, USA

US Citizenship Required

Category
Legal & Compliance
Clerk
Clerical & Data Entry

You match the following The Federal Reserve System's candidate preferences

Employers are more likely to interview you if you match these preferences:

Degree
Experience
Requirements
  • Must be a first-year law student
  • Outstanding academic records
  • Strong research and writing skills
  • Interest in and commitment to public sector employment
  • Maturity and personal achievement
  • Must be a U.S. citizen or eligible to apply for U.S. citizenship before the first day of the internship
Responsibilities
  • Receive challenging, diverse assignments from the Legal Function
  • Conduct legal research and writing
  • Work under the guidance of mentors
The Federal Reserve System

The Federal Reserve System

View

The Federal Reserve System serves as the central bank of the United States, playing a crucial role in shaping the nation's economy and financial stability. It formulates national monetary policy, which involves managing interest rates and money supply to promote economic growth and control inflation. Additionally, the Federal Reserve supervises and regulates banks and bank holding companies to ensure a safe and sound banking system. It also provides essential financial services to banks and the U.S. government. What sets the Federal Reserve apart from other financial institutions is its unique position as a government entity that operates independently to achieve its goals. The primary aim of the Federal Reserve is to foster a strong economy and maintain a stable financial system, ultimately benefiting the public and the global economy.

Company Stage

N/A

Total Funding

N/A

Headquarters

null, null

Founded

1913

Simplify Jobs

Simplify's Take

What believers are saying

  • Increased focus on digital currency enhances regulatory capabilities.
  • Interest on Excess Reserves aids in effective interest rate management.
  • FedNow system modernizes U.S. payment infrastructure, improving efficiency.

What critics are saying

  • Litigation challenges the Fed's stress-testing framework.
  • Leadership gaps may affect oversight on crypto regulations.
  • Slow FedNow adoption could hinder payment infrastructure modernization.

What makes The Federal Reserve System unique

  • The Federal Reserve is the central bank of the United States.
  • It plays a crucial role in formulating national monetary policy.
  • The Fed supervises and regulates banks and bank holding companies.

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Benefits

Health Insurance

Dental Insurance

Vision Insurance

401(k) Company Match

401(k) Retirement Plan

Paid Vacation

Paid Sick Leave

Paid Holidays

Pet Insurance

Wellness Program