ate confusion, accountability, and policy formulation would hang over the Bank.
             The functions of the Bank of Canada are broken down into four main categories: the issuance of banknotes, central banking services, government debt services, and monetary policy management. The most straightforward of these tasks is dealing with the creation of Canadian banknotes. The Bank's role in currency production expanded from its creation to the point, in 1945, where it was the only legal producer of currency in Canada. The Canadian Mint, operating under the Bank, is responsible for producing banknotes that maintain the credibility of the Canadian currency. They cooperate with authorities in other countries to prevent counterfeiting operations and find cost-effective methods in banknote production.
             The next on the list of Bank jobs is its role as a provider of central banking services. The Bank states that the two primary responsibilities of its central banking services are, "the promotion of financial stability and the provision of funds management to the federal government." Canada's economic well-being is closely tied to the effective functioning of the private banks. The high-stakes involved in the business of banking have caused the government to oversee and maintain the financial system. The Bank of Canada plays a key part in monitoring private banks in Canada. The Bank watches over two clearing and settlement systems known as the Large Value Transfer System (LVTS) and the Debt Clearing Service (DCS), allowing them to maintain the integrity of these vital systems and keep tabs on the health of the financial institutions that make use of them. As well, the Bank of Canada acts as a bank for the major private banks. This gives the government another way in which to monitor the wellbeing of the nation's banks. The second central banking service is to act as the bank for the federal government. The Bank of Canada is responsible for the ...