The Federal Reserve System Purposes and Functions
The Federal Reserve System Purposes and Functions

Author: Board of Governors of the Federal Reserve System

Publisher:

Published: 2002

Total Pages: 0

ISBN-13: 9780894991967

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Provides an in-depth overview of the Federal Reserve System, including information about monetary policy and the economy, the Federal Reserve in the international sphere, supervision and regulation, consumer and community affairs and services offered by Reserve Banks. Contains several appendixes, including a brief explanation of Federal Reserve regulations, a glossary of terms, and a list of additional publications.

To establish the Federal Monetary Authority. Hearings before the subcommittee of the Committee on Banking and Currency, House of Representatives, Seventy-third Congress, second session, on H.R. 7157 as amended, and reintroduced as H.R. 8780, bill to establish the federal monetary authority and to control the currency of the United States. January 30,31, February 1, 2, 6, 7, 8, 9, 13, 15, 20, 22, 26, March 1, 6, 7, 8, 1934
To establish the Federal Monetary Authority. Hearings before the subcommittee of the Committee on Banking and Currency, House of Representatives, Seventy-third Congress, second session, on H.R. 7157 as amended, and reintroduced as H.R. 8780, bill to establish the federal monetary authority and to control the currency of the United States. January 30,31, February 1, 2, 6, 7, 8, 9, 13, 15, 20, 22, 26, March 1, 6, 7, 8, 1934

Author:

Publisher:

Published: 1934

Total Pages: 0

ISBN-13:

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The Federal Reserve System
The Federal Reserve System

Author: Rik W. Hafer

Publisher: Bloomsbury Publishing USA

Published: 2005-07-30

Total Pages: 486

ISBN-13: 0313062749

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The Federal Reserve System, founded in 1913, is recognized as one of the most influential policy-making bodies in the United States. Its duties including managing the country's monetary policy, regulating and supervising banks, and monitoring the financial system, set it apart from other government agencies. Hafer provides a comprehensive explanation of the Federal Reserve System, describing its structure and process, policies, people, and key events. Arranged alphabetically, over 250 entries define and describe topics related to the Fed and United States monetary policy, including Alan Greenspan, Black Monday of 1929, Euro, Federal Reserve Act of 1913, Prime rate, and Treasury financing. Numerous appendices supplement the A-to- Z entries, providing insight into the secretive and powerful Federal Reserve Bank, the keepers of America's monetary system.

Federal Reserve System
Federal Reserve System

Author: IntroBooks

Publisher: IntroBooks

Published: 2018-02-19

Total Pages: 23

ISBN-13:

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Prior to the establishment of the Federal Reserve System (FRS), the U.S. economy faced frequent panics, bank failures, and credit scarcity due to unstable banking and financial systems prevailing in the market. Additionally, due to the rapid industrialization the decentralized banking system became more unstable. Specifically, the financial and the economy panic encountered during 1907 forced the congress to establish a centralized bank “The Federal Reserve System”. Congress passed the Reserve Act in the year 1913 to establish the FRS. The FRS is entitled to provide a safe, secure, and stable financial growth for the U.S. As the FRS was created, the structure and functionalities of the central bank has evolved in phases. In the year 1935, the Fed’s monetary policy making body called the Federal Open Market Committee (FOMC) was formed to address the financial depression of the country. Further, the monetary policy was revised from time-to-time to address the financial panics and the bank runs faced by the public. The monetary policy addressed the surging inflation faced by passing the Federal Reserve Reform Act of 1977. Later, the monetary policy was entitled to increase the employment rate by passing the Employment and Balanced Growth act in the year 1978, and it was decided that the FRS produced the finance report to the congress twice a year.