Is the federal reserve bank is responsible for replacing torn and worn money with new bills?

Yes, the Federal Reserve is responsible for replacing torn and worn currency. It manages the supply of money in the economy, which includes the issuance of new bills and the removal of damaged ones. Banks can submit old or damaged currency to the Federal Reserve, which then destroys it and replaces it with new bills as needed. This process helps maintain the integrity and usability of the currency in circulation.