Federal Reserve

RECENT NEWS
TheStreet.com  3 hrs ago  Comment 
NEW YORK (TheStreet) -- This American Life and ProPublica recently broke the story of the secret tapes of the Federal Reserve's supervision of Goldman Sachs . If the Fed as a regulator and Goldman Sachsaas an advisor did not have such a bad...
MarketWatch  4 hrs ago  Comment 
The idea that the U.S. Treasury and the Federal Reserve should cooperate more closely on debt management risks the independence of monetary policy, a top U.S. central banker said Tuesday. The proposal presented by several prominent economists...
MarketWatch  4 hrs ago  Comment 
Total bids for the Federal Reserve's reverse repo program surged to $407.17 billion on Tuesday amid heightened demand at the end of the quarter. The amount of submitted bids exceeded the total size of the program for the first time since the...
MarketWatch  6 hrs ago  Comment 
Ask any Fed official and he or she will tell you there’s nothing the central bank can’t do when it comes to managing the economy — something Irwin Kellner says isn’t exactly true.
SeekingAlpha  7 hrs ago  Comment 
By Team Money Research: Although the Fed's monthly asset repurchase program is coming to an end, interest rates are set to stay low for a good while yet. Indeed, the Fed seems unwilling to commit itself on when rates will increase, preferring to...
SeekingAlpha  10 hrs ago  Comment 
By Joseph Calhoun: By Jeffrey P. Snider I want to believe markets are efficient and incorporate "all" the possible permutations as best as possible, but I don't think that is the case under current conditions. Whatever efficiency there has...
The Economist  12 hrs ago  Comment 
THE argument that American officials lacked the capability or authority to save Lehman Brothers—and, potentially, to spare the world the most wrenching financial crisis since the 1930s—never really withstood close scrutiny. In 2012, I...
Wall Street Journal  Sep 29  Comment 
Banks outside the U.S. have been unlikely beneficiaries of the Federal Reserve's interest-rate policies, and they are likely to do even better as the Fed changes the way it controls interest rates.
The Economist  Sep 29  Comment 
TheStreet.com  Sep 29  Comment 
BALTIMORE (Stockpickr) -- Selloff. Correction. Car crash. Whatever you want to call it, last week's 1.4% drop in the S&P 500 was ugly -- especially in the context of the selling the week before. Five of the last seven trading sessions have ended...
Yahoo  Sep 29  Comment 
Nevertheless, the rise in household spending offered the latest suggestion that years of exceptionally low interest rates have finally pushed the economy into a higher gear. Consumer spending rose 0.5 percent last month after being unchanged in...




RELATED WIKI ARTICLES

Related Articles

 
TOP CONTRIBUTORS

The Federal Reserve is the third central bank of the USA. It was legally established on December 23, 1913, when US president Woodrow Wilson signed the Federal Reserve System Act. The Federal Reserve was blamed to have deepened the Great Depression after the crash of 1929. In a panicky reaction it then deflated money supply, causing a lasting and deep economic contraction.

In the inflationary period from 1973 - caused by the first oil shock - to 1981 chairman Paul Volcker managed to battle inflation successfully by raising the leading interest rate to more than 20%. At the same time Volcker succeeded in keeping the economy out of a drawn-out recession.

The policy style changed with the nomination of Alan Greenspan in 1987. Only 2 months into office Greenspan was confronted with the Black Monday of 1987, when the Dow Jones Industrials Average fell 22%, its biggest loss ever in a day. Remembering the fatal results of tight liqudity after the crash of 1929 Greenspan offered banks all the funds they needed in order to avoid a meltdown of the stock market. Alan Greenspan can also be credited with blowing up the biggest debt bubble of all times in the new millennium. By lowering the Fed Funds rate to a record low of 1% the Federal Reserve contributed heavily to the American housing boom that turned out to be a bubble based on easy credit. Greenspan conceded in 2008 to Congress that he erred on wrong side when the Federal Reserve thought that the financial industry should not be burdened with more oversight. At this time the USA had fallen in the biggest financial crisis ever.

Wow, your post makes mine look febele. More power to you!

Please teach the rest of these internet hooliagns how to write and research!

The Federal Reserve Banks

The 12 Federal Reserve Banks were established by Congress as the operating arms of the nation's central banking system. Many of the services provided to depository institutions and the federal government by this network of Reserve Banks are similar to services provided by commercial banks and thrift institutions to business customers and individuals.

Reserve Banks

  • hold the cash reserves of depository institutions and make loans to them
  • move currency and coin into and out of circulation, and collect and process millions of checks each day
  • provide checking accounts for the Treasury, issue and redeem government securities, and act in other ways as fiscal agent for the U.S. government
  • supervise and examine commercial banks that are members of the Federal Reserve System for safety and soundness
  • participate in the activity that is the primary responsibility of the Federal Reserve System, the setting of monetary policy.
Wikinvest © 2006, 2007, 2008, 2009, 2010, 2011, 2012. Use of this site is subject to express Terms of Service, Privacy Policy, and Disclaimer. By continuing past this page, you agree to abide by these terms. Any information provided by Wikinvest, including but not limited to company data, competitors, business analysis, market share, sales revenues and other operating metrics, earnings call analysis, conference call transcripts, industry information, or price targets should not be construed as research, trading tips or recommendations, or investment advice and is provided with no warrants as to its accuracy. Stock market data, including US and International equity symbols, stock quotes, share prices, earnings ratios, and other fundamental data is provided by data partners. Stock market quotes delayed at least 15 minutes for NASDAQ, 20 mins for NYSE and AMEX. Market data by Xignite. See data providers for more details. Company names, products, services and branding cited herein may be trademarks or registered trademarks of their respective owners. The use of trademarks or service marks of another is not a representation that the other is affiliated with, sponsors, is sponsored by, endorses, or is endorsed by Wikinvest.
Powered by MediaWiki