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Topic: Federal Reserve Board


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In the News (Mon 13 Oct 08)

  
  FEDERAL RESERVE BOARD EFFORTS TO CONTROL ACCESS TO BUILDINGS AND OPEN MEETINGS
The Board of Governors of the Federal Reserve System may, consistent with its obligations under the Government in the Sunshine Act, place observers of an open meeting of the Board in a separate room to watch the meeting on closed-circuit television.
The Board is considering adopting a policy of placing all members of the public who enter the Board's buildings to attend an open meeting of the Board in a room that is physically separate from the meeting room.
The contemplated Board action of providing for observation of the meeting in a separate room would be inconsistent with this open-meeting requirement only if the italicized language requires the Board to allow members of the public to enter the actual meeting room and observe the meeting there.
www.usdoj.gov /olc/fedreserveopinion.htm   (2403 words)

  
 Federal Reserve Bank of Kansas City
Federal Reserve Bank of Kansas City is building a new headquarters.
Federal Reserve Communications, at the Cato Institute 25th Annual Monetary Conference, Washington, D.C. Congress.
Free guided tours of the Federal Reserve Bank of Kansas City and its branch offices in Denver, Oklahoma City, and Omaha are available.
www.kc.frb.org   (222 words)

  
 Board of Governors of the Federal Reserve System
Board approves final rules to implement new risk-based capital requirements in the United States for large, internationally active banking organizations.
A Federal Reserve System website dedicated to providing information and resources about personal financial education, resources for teachers, and information about the Federal Reserve.
Board of Governors of the Federal Reserve System, 20th Street and Constitution Avenue NW, Washington, DC 20551
www.federalreserve.gov   (187 words)

  
 The Federal Reserve Bank of San Francisco: Economic Research, Educational Resources, Community Development, Consumer ...
John C. Williams, senior vice president at the Federal Reserve Bank of San Francisco, states his views on the current economy and the outlook.
The Board of Governors unanimously approved a 25-basis-point decrease in the discount rate to 5 percent.
The largest District, it covers 36 percent of the nation's landmass, ranks first in the size of its economy, and is home to approximately 20 percent of the nation's population.
www.frbsf.org   (167 words)

  
  Personal Financial Education
Link to the Board of Governors Web site that provides information on how and where to file a complaint against a bank, and how the Federal Reserve handles such complaints.
In formulating the nation's monetary policy, the Federal Reserve considers a number of factors, including the economic and financial indicators as well as the anecdotal reports compiled in the Beige Book.
Free to teachers and students in the Eleventh Federal Reserve District.
www.federalreserveeducation.org /pfed   (1634 words)

  
  Federal Reserve System - MSN Encarta
Federal Reserve System, central banking system of the United States, popularly called the Fed. A central bank serves as the banker to both the banking community and the government; it also issues the national currency, conducts monetary policy, and plays a major role in the supervision and regulation of banks and bank holding companies.
Because the board is not an operating agency, most of the day-to-day implementation of policy decisions is left to the district Federal Reserve banks, stock in which is owned by the commercial banks that are members of the Federal Reserve System.
The board of directors is responsible for the administration of its bank and for appointing the bank's president and vice president (subject to the approval of the Board of Governors).
encarta.msn.com /encyclopedia_761574452/Federal_Reserve_System.html   (1976 words)

  
 Foolish Feature, Alan Greenspan and the Federal Reserve
The Federal Reserve System is a unique government organization, and was created in 1913 to bring federal oversight to a largely unregulated banking industry, which had experienced severe booms and busts over the previous century.
The Federal Reserve System consists of a central Board of Governors in Washington, D.C., and 12 regional Federal Reserve Banks, each of which is privately chartered but subject to the federal authority held by the Board.
Reserve requirements, which is a proportion of their deposits that all banks and other depository institutions are required to hold in reserve, some in their own vaults and some at the Reserve banks.
www.fool.com /specials/2001/SpecialFed/FederalReserve.htm   (913 words)

  
 Federal Reserve Act December 23, 1913
A Federal Reserve Board is hereby created which shall consist of seven members, including the Secretary of the Treasury and the Comptroller of the Currency, who shall be members ex of ficio, and five members appointed by the President of the United States, by and with the advice and consent of the Senate.
Any Federal reserve bank may discount acceptances which are based on the importation or exportation of goods and which have a maturity at time of discount of not more than three months, and indorsed by at least one member bank.
The Federal Reserve Board shall have power to approve or to reject such application if, in its judgment, the amount of capital proposed to be set aside for the conduct of foreign business is inadequate, or if for other reasons the granting of such application is deemed inexpedient...
www.multied.com /documents/Federalreserve.html   (1668 words)

  
 Federal Reserve Board Regulations as supplied by EagleTraders.com
To prevent discrimination, the Board of Governors of the Federal Reserve characterized Regulation B as imposing a delicate balance on the credit system, in recognition of the bank's need to know as much as possible about a prospective borrower and the borrower's right not to disclose information that is irrelevant to the transaction.
Reserves must be held equal to 3% of the first $25 million (adjusted annually since 1980 by an amount equal to.8 x percentage change in the level of deposits) and between 8% and 14%, currently 12%, of deposits above $25 million (similarly adjusted since 1980).
A member bank's ownership of Federal Reserve stock is subject to cancellation on discontinuance of operations, insolvency or voluntary liquidation, conversion to nonmember status through merger or acquisition, or voluntary or involuntary termination of membership.
www.eagletraders.com /advice/securities/federal_reserve_board_reg.htm   (4873 words)

  
 Announcements - actions by the Federal Reserve Board Federal Reserve Bulletin - Find Articles   (Site not responding. Last check: )
In addition, the Board approved on May 16, 2001, similar requests by the boards of directors of the Federal Reserve Banks of Boston, Atlanta, Kansas City, and Dallas, effective immediately.
On May 17, 2001, the Board approved the requests submitted by the boards of directors of the Federal Reserve Banks of Philadelphia, Cleveland, and Minneapolis.
The Federal Reserve Board announced on May 16, 2001, that it will begin a statistical study of household finances that will provide policymakers with important insight into the economic condition of a broad segment of American families.
www.findarticles.com /p/articles/mi_m4126/is_7_87/ai_77228400   (929 words)

  
 [No title]
Each Federal reserve bank shall establish branch banks within the Federal reserve district in which it is located and may do so in the district of any Federal reserve bank which may have been suspended.
The five members of the Federal Reserve Board appointed by the President and confirmed as aforesaid shall devote their entire time to the business of the Federal Reserve Board....
Federal reserve notes, to be issued at the discretion of the Federal Reserve Board for the purpose of making advances to Federal reserve banks through the Federal reserve agents as hereinafter set forth and for no other purpose, are hereby authorized.
www.etsu.edu /cas/history/docs/federalreserve.htm   (1664 words)

  
 Inner City Press: Federal Reserve Beat (FOIA, FOMC, CRA, Predatory Finance)
The Federal Reserve, which despite its own internal rules no longer sends commenters a copy of its letters to banks requesting additional information on protested application, does still suggest to banks that they send copies of their responses to the commenters.
We note as part of this request the arguments in the FRB reply brief in that case is that Wachovia's provision of a list of the subprime lenders it assists was "voluntary" because Wachovia submitted it early in the process.
FRB Second Circuit FOIA case is that Wachovia's provision of a list of the subprime lenders it assists was "voluntary" because Wachovia submitted it early in the process.
www.innercitypress.org /frreport.html   (15437 words)

  
 Sample Letter to Federal Reserve Board on Credit Card Practices   (Site not responding. Last check: )
Finally, the Federal Reserve Board should advise Congress that it should amend the National Bank Act to overturn the OCC’s overbroad regulation purporting to extend preemption under the National Bank Act to virtually all aspects of the credit process.
The Board should recommend that Congress reaffirm the role of the states in adding protections for credit consumers regardless of the type of charter held by the creditor.
The Federal Reserve Board has a unique and critical role in how one of the most prevalent forms of consumer credit is regulated.
www.consumerlaw.org /initiatives/test_and_comm/031805_cc_samp_comm.shtml   (1796 words)

  
 That Money Show - One Minute MBA - The Federal Reserve Board
Alan Greenspan and the Federal Reserve Board have been in the news a lot lately, especially as Chairman Greenspan tries to fend off a looming recession with interest rate cuts.
To many people, the Federal Reserve Board is a somewhat enigmatic institution, with few of us understanding what it does.
Created in 1913 by the Federal Reserve Act, the Federal Reserve Board, otherwise known as the Fed, acts as the central banking authority of the United States.
www.pbs.org /wnet/moneyshow/mba/020201.html   (470 words)

  
 Privacy Groups Urge Federal Reserve Board to Protect Consumers from Identity Theft and Stolen Convenience Checks
The Privacy Rights Clearinghouse (PRC) appreciates the opportunity to comment on the Federal Reserve Board’s (Board) advanced notice of proposed rulemaking (ANPR) to modify Regulation Z which implements the Truth in Lending Act (TILA).
The most important thing for the Board to consider is that convenience checks create a heightened risk for identity theft and create a tempting opportunity for thieves, particularly those that gain access to consumer information by stealing mail.
As the Board deliberates changes to the TILA regulations, it should consider the overall need to address the roots of identity theft.
www.privacyrights.org /ar/FRB-IDTheft.htm   (1678 words)

  
 Federal Reserve Board - SourceWatch
The Federal Reserve Board, that is, "the seven members of the Board of Governors of the Federal Reserve System, are nominated by the President and confirmed by the Senate.
"The Chairman and the Vice Chairman of the Board are named by the President from among the members and are confirmed by the Senate.
A member's term on the Board is not affected by his or her status as Chairman or Vice Chairman." [2]
www.sourcewatch.org /index.php?title=Federal_Reserve_Board   (274 words)

  
 Federal Reserve Board Retirement Portability Act
This legislation will allow those employees who participate in the Board's FERS-like retirement plan, and FERS is our Federal Employee Retirement System, for those not familiar with the acronym, to obtain FERS credit for their Federal Reserve years when they transfer to another Federal agency.
Under current law, employees participating in the Thrift Savings Plan who transfer to the Federal Reserve Board from other Federal agencies are not permitted to withdraw funds from their Thrift Savings Plan accounts.
Therefore, employees who transfer to the Board and commence participation in the Federal Reserves retirement plan may not withdraw the funds in their Thrift Savings Plan accounts.
www.house.gov /mica/fs031699.htm   (542 words)

  
 Federal Reserve Board   (Site not responding. Last check: )
The Federal Reserve Board (FRB) was established by an Act of Congress on December 23, 1913.
The act provided for the appointment of five members, with the secretary of the treasury (Andrew Mellon during the Coolidge years) serving as ex-officio chairman of the board and the comptroller of the currency also a member ex-officio.
Hamlin Memorandum and Diary Extracts, Showing Federal Reserve Board Response to 1927 Recession and Stock Market Speculation: July 1, 1927 - January 4, 1929, hastened the collapse of the stock market, which reached full-blown proportions with the "crash" on "Black Monday," October 28, 1929.
lcweb2.loc.gov:8081 /ammem/amrlhtml/dtfedres.html   (415 words)

  
 Federal Reserve Board: Regulations
Federal Reserve Act, which established the Federal Reserve System, and certain other laws pertaining to a wide range of banking and financial activities.
The Board implements those laws in part through its regulations, which are codified in title 12, chapter II, of the Code of Federal Regulations (12 CFR 201 et seq.).
For those with a more specialized interest in the Board's regulations, four parts of the FRRS are published separately as the Monetary Policy and Reserve Requirements Handbook, the Securities Credit Transactions Handbook, the Consumer and Community Affairs Handbook, and the Payment System Handbook.
www.thecre.com /fedlaw/legal3/regulations.htm   (494 words)

  
 Federal Reserve Board Regulation
The Federal Reserve Board and the Treasury Department (the Agencies) jointly seek comment on whether to determine regulation that real estate brokerage and real estate management activities are financial in nature or incidental to a financial activity.
Comments to the Federal Reserve regarding the proposed regulation should be submitted to Ms.
The Act also authorizes the Federal Reserve and the Treasury to expand the permissible list of financial activities, though the two Agencies must a mutually agree on what a financial activity may be.
www.realtor.org /Auctions.nsf/pages/89A6AF911E918491862569EE006E300F?OpenDocument   (1159 words)

  
 Federal Reserve Board Abolition Act
H. To abolish the Board of Governors of the Federal Reserve System and the Federal reserve banks, to repeal the Federal Reserve Act, and for other purposes.
To abolish the Board of Governors of the Federal Reserve System and the Federal reserve banks, to repeal the Federal Reserve Act, and for other purposes.
(b) REPEAL OF FEDERAL RESERVE ACT- Effective at the end of the 1-year period beginning on the date of the enactment of this Act, the Federal Reserve Act is hereby repealed.
www.theorator.com /bills108/hr2778.html   (368 words)

  
 Know your Fed: A description of the Federal Reserve Board
Created by the Federal Reserve Act of 1913, the "Fed" is actually made up of a couple of different parts.
They are joined by the president of the Federal Reserve Bank of New York and a rotating combination of four other regional bank presidents.
But the Federal Reserve Bank of New York can keep the rate near the target spelled out by policymakers at the last FOMC meeting by trading securities with private-market institutions.
www.bankrate.com /selaol/news/fed/20010627d.asp   (986 words)

  
 Federal Reserve Board Publications Federal Reserve Bulletin - Find Articles   (Site not responding. Last check: )
For ordering assistance, write PUBLICATIONS, MS-127, Board of Governors of the Federal Reserve System, Washington, DC 20551, or telephone (202) 452-3244, or FAX (202) 728-5886.
When a charge is indicated, payment should accompany request and be made payable to the Board of Governors of the Federal Reserve System or may be ordered via Mastercard, Visa, or American Express.
Rates for subscribers outside the United States are as follows and include additional air mail costs: Federal Reserve Regulatory Service, $250.00 per year.
www.findarticles.com /p/articles/mi_m4126/is_1_89/ai_97394001   (336 words)

  
 The Federal Reserve Bank Discount Window & Payments System Risk Website
The Federal Open Market Committee decided today to lower its target for the federal funds rate by 25 basis points.
Answers to questions frequently asked since the Federal Reserve's announcement of temporary changes to the primary credit discount window facility.
Please be advised that the Federal Reserve Banks will be revising Operating Circular No. 10, effective October 15, 2006.
www.frbdiscountwindow.org   (92 words)

  
 [No title]   (Site not responding. Last check: )
Federal Reserve Vice Chair Alice Rivlin speaks with Hali Edison about her experiences as an economist and a policymaker.
I was more aware of breaking into the boy's clubhouse, when I began serving on corporate boards in the 1980's.
When I came to the Fed in 1996, three of the seven members of the Board of Governors were women, which was remarkable.
www.vanderbilt.edu /AEA/CSWEP/rivlin.htm   (1452 words)

  
 Federal Reserve Bank of Philadelphia
Visit our exhibit, where over 100,000 visitors have learned about money, banking, and the Federal Reserve System.
November 9, 2007 - The Federal Reserve Board of Governors announced that William F. Hecht, retired chairman, president and CEO, PPL Corp., Allentown, Pa., and Charles P. Pizzi, president and CEO, Tasty Baking Company, Philadelphia, Pa., have been appointed chairman and deputy chairman of the Federal Reserve Bank of Philadelphia’s Board of Directors.
October 31, 2007 - The Federal Open Market Committee decided today to lower its target for the federal funds rate 25 basis points to 4-1/2 percent.
www.phil.frb.org   (427 words)

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