federal reserve

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The Federal Reserve (known informally as "The Fed") was created in 1913 when President Woodrow Wilson signed the Federal Reserve Act into law, which effectively centralized America’s banking system. The Board of Governors is the presidentially appointed governing body.

The Federal Reserve has four basic functions, though it provides a variety of services to the United States Government. First, it influences market conditions by regulating national interest rates. Second, it supervises banking institutions and safeguards consumer credit rights. Third, it attempts to stabilize financial markets that would otherwise undermine the economic stability of the United States. Finally, it offers a variety of financial services to U.S. and internationally recognized foreign institutions.

The Federal Reserve also controls the discount rate (a basic interbank lending rate), and has the power to bail out major corporations, pending congressional approval - a power that is, however, highly contested in the political discourse.


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Latest blogosphere posts tagged “federal reserve”

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    Raw Fiji NewsAuthority Authority: 447
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  • Army Chief of Staff Gen. George Casey ‘Concerned About Backlash Against Muslim Soldiers’


    The Public RecordAuthority Authority: 501
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  • Bill Would Limit Needle Exchanges


    NYT > TheaterAuthority Authority: 916
    A heroin addict picking up a clean needle as part of a program run by the Down East AIDS Network in Ellsworth, Me.
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  • "Swine Flu Vaccine For Wall St. Pigs, Not Your Children"


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  • Social Mood Erupting


    Technically Speaking, Market Analysis and TheoryAuthority Authority: 139
    The week brought us a series of events and contradictions, raising questions as to how much the American people can take. An Arab-American Army doctor went on a shooting spree at Fort Hood. Was it a black swan event, or the law of unintended consequences? We may never know. Unemployment surged past ten percent, ...
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  • Iacobucci: Recognizing History of Residential Schools a “Necessary Step”


    Law is CoolAuthority Authority: 539
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  • A note about the recent elections (yes, we’re nuts)


    Fabius MaximusAuthority Authority: 557
    One core reality too-often ignored in post-election analysis:  the role of the economy.  Americans tend to vote their pocketbook in elections to Congress and the Presidency.This is nuts, on many levels.Who sets economic policy?How long between policy changes and results?How do policy-makers navigate?But at least ...
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  • Honourable Frank Iacobucci on Residential Schools


    SlawAuthority Authority: 607
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  • Bear Stearns Trash Still in the FED Roach Motel (Graph)


    All American InvestorAuthority Authority: 116
    On June 26, 2008, the Federal Reserve Bank of New York (FRBNY) extended credit to Maiden Lane LLC under the authority of section 13(3) of the Federal Reserve Act. This limited liability company was formed to acquire certain assets of Bear Stearns and to manage those assets through time to maximize repayment of the ...
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  • In Service: Snapshots of Jackson residents who are serving their country


    Detroit Business NewsAuthority Authority: 821
    Army Reserve Spec. Jerry E. Green III has returned to the U.S. after being deployed overseas at a forward operating base in support of Operation Iraqi Freedom. He has three years of military service as a military police member, assigned...
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  • Another reject-stone project for our secret garden


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  • A Quaker A Day


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    “Wow. Weird.” That was the response I got when I told TJ about what I usually eat for breakfast. Actually, I find it to be positively delightful and delicious, so much so that I sometimes eat it for breakfast and lunch in one day. I’ve never really been much of a Chinese breakfast person. I enjoy 粥 zhou ...
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  • Uncertainty high over inflation outlook


    Euronews 24 | Latest NewsAuthority Authority: 478
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    Homeland Security NewsAuthority Authority: 529
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    ABC 33/40 Weather BlogAuthority Authority: 149
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  • Seminar on law and banking


    Texas Tech TodayAuthority Authority: 445
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  • NFL CBS Pregame Notes


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  • Wells Fargo Refinance Mortgage Rates – Interest Rates Still Under 5%


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    Wells Fargo refinance mortgage rates remain extremely low as mortgage interest rates are still under 5%.  After the Federal Reserve Bank announced that they were going to stop purchasing US Treasuries many analysts predicted that mortgage rates were going to go to 5.5%.  This has yet to happen and the exact opposite ...
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  • Federal Reserve Bank Of San Francisco Accurately Sees The Future


    Capital Gains and GamesAuthority Authority: 700
    Take a look at this new website just launched by the Federal Reserve Bank of San Francisco called "the Economy: Crisis & Response," and then admit to yourself that the world has changed in ways that were unimaginable not that long ago. (The images below are from the site.) At least some of the many part of ...
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  • Kids Happy Hour & Deck Party This Tuesday!


    NoisyRoom.netAuthority Authority: 573
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