Yes, feds is a Scrabble word!
...and is worth 8 points in Scrabble, and 8 points in Words with Friends
feds
Noun
1. Any federal law-enforcement officer
2. The central bank of the United States; incorporates 12 Federal Reserve branch banks and all national banks and state-chartered commercial banks and some trust companies
What Scrabble words can I make with the letters in feds?
3 Letter Words
2 Letter Words