You need to read the thread on here about not writing about things you don’t know about.
He was not on the Board of Goveners and was not involved in setting monetary policy. The Federal Reserve Banks provide financial services to depository institutions including banks, credit unions, and savings and loans, much like those that banks provide for their customers. These services include collecting checks, electronically transferring funds and distributing and receiving cash and coin.
SO SCARY! BOOOO!
You forgot that other "service" they do - you know, the one where they print the money at the cost of the ink and paper, and then loan it to the government for the amount printed on it, plus interest?
Scary? Boooo? You're damn right.