federal reserve

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”

• Our people can not eat healthy foreign reserves : Professor Warden Narsey

  
  Raw Fiji News — Authority: 447
  Yes, foreign reserves are high at the moment as the Governor of the Reserve Bank points out. But the high reserves are not due to improving exports (we know the sugar industry is collapsing , the tourism industry is not particularly buoyant, garment is collapsing, fish, gold and timber are improving, but overall ...
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• Army Chief of Staff Gen. George Casey ‘Concerned About Backlash Against Muslim Soldiers’

  
  The Public Record — Authority: 501
  Here’s the transcript from CNN’s “State of the Union,” hosted by John King. KING: We begin this morning with the massacre at Ft. Hood, Texas. Twelve soldiers and one civilian were killed and 38 others wounded in Thursday’s mass shooting by an Army psychiatrist. Ft. Hood plans a memorial service on Tuesday, ...
  3 hours ago

• Bill Would Limit Needle Exchanges

  
  NYT > Theater — 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"

  
  Running 'Cause I Can't Fly — Authority: 525
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• Social Mood Erupting

  
  Technically Speaking, Market Analysis and Theory — 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 Cool — Authority: 539
  Notes from a keynote speech by Justice Iacobucci at the Federation of Asian Canadian Lawyers (FACL) Fall Conference . Grew up in the East End of Vancouver, where there was lots of diversity of people from many backgrounds.  Justice Iacobucci noted that he entered the law exactly 50 years ago, in 1959, ...
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• A note about the recent elections (yes, we’re nuts)

  
  Fabius Maximus — 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

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

  
  All American Investor — 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 News — 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...
  4 hours ago

• Another reject-stone project for our secret garden

  
  Fremantlebiz - Paul's Letter from Australia — Authority: 127
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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 News — Authority: 478
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• Worrisome Al Qaeda Videos Found By FBI

  
  Homeland Security News — Authority: 529
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• Ida Intermediate Advisory…Slightly Stronger

  
  ABC 33/40 Weather Blog — Authority: 149
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• Seminar on law and banking

  
  Texas Tech Today — Authority: 445
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• NFL CBS Pregame Notes

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

  
  Subprime Blogger — Authority: 595
  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 Games — 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 ...
  5 hours ago

• Kids Happy Hour & Deck Party This Tuesday!

  
  NoisyRoom.net — Authority: 573
  By: Chuck Muth YOU’RE INVITED Kids Happy Hour and Deck Party at Joe’s Crab Shack! Citizen Outreach Foundation presents our first-ever Kids Happy Hour & Deck Party Tuesday night at the Joe’s Crab Shack in Green Valley! Tuesday nights are Kids Nights at Joe’s – so kids get $2 dinners ( with paid ...
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