Uncategorized - Friday, April 29, 2011 6:45 - 0 Comments

10 Things To Know About The Federal Reserve

by Steve Rhodes

10 Things To Know About The Federal Reserve

10 Things To Know About The Federal Reserve

Free Online Articles Directory

Why Submit Articles?
Top Authors
Top Articles
FAQ
ABAnswers

Publish Article

0 & & $. Browser.msie) {
var ie_version = parseInt ($ browser.version.)
if (ie_version Login

Login via

Register
Hello
My Home
Sign Out

Email

Password


Remember me?
Lost Password?

Home Page > Finance > 10 Things To Know About The Federal Reserve

10 Things To Know About The Federal Reserve

Edit Article |

Posted: Mar 27, 2008 | Comments: 0
| Views: 386 |

1) The Federal Reserve System (aka "The Fed) was created in 1913 when President Woodrow Wilson signed the Federal Reserve Act into law. The past several attempts at creating a centralized government had failed bank-the Federal Reserve was a new bank that served as a compromise between Privatization and populism.

2) Monetary policy is how the Federal Reserve controls the amount of money and credit in the economy. Monetary policy affects interest rates and thus the entire performance of the economy. The Fed's goals for monetary policy are full employment and stable prices, Which in turn promote sustainable economic growth.

3) The Fed uses open market operations, the discount rate and reserve requirements to affect monetary policy. Open market operations refer to the buying and selling of government securities. The discount rate is the interest rate that the Federal Reserve banks charge other banks. Reserve requirements refer to the portions of deposits that banks must maintain either in their vaults or on deposit at a Federal Reserve Bank.

4) The Federal Open Market Committee (FOMC) consists of twelve members. The FOMC monetary policy creates. The committee meets eight times a year in DC During meetings members discuss the economy and policy options.

5) The Fed is in charge of making sure that money and credit both grow at a pace that can allow economic growth but that then keeps the inflation rate in check.

6) A depository institution is any financial institution that mainly gets its funds through public deposits. Depository institutions Consists of commercial banks, savings and loans, savings banks and credit unions. A nonmember bank is any depository institution that is not a member of the Federal Reserve System, or, a state-chartered commercial bank that has not joined.

7) Reserve requirements are requirements that are set by the Federal Reserve Board of Governors set the amount that financial institutions must reserve aside. These requirements act as controls. So, lowering reserve requirements promotes bank lending and money growth, while increasing requirements restrict lending and money growth.

Ben Shalom Bernanke is the current Chairman of the Board of Governors. He was appointed by President George W. Bush in 2005 as he succeeded Alan Greenspan.

9) Greenspan had been acting chairman since 1987 when he was appointed by President Ronald Reagan. Chairmen serve four year terms and Greenspan was re-appointed to a historic record tenure before he retired. He is remembered for his handling of the Black Monday stock market crash in 1987.

10) There are thus 12 regional Federal Reserve Banks. Each bank has its own board of directors to serve to serve its region by providing economic information and advice on monetary policy decisions. Federal Reserve Banks are in the following cities: Boston, New York, Philadelphia, Cleveland, Richmond, Atlanta, Chicago, St. Louis, Minneapolis, Kansas City, Dallas and San Francisco.

For more information on the Federal Reserve and its components visit the government's website: FederalReserve.gov.

Retrieved from " http://www.articlesbase.com/finance-articles/10-things-to-know-about-the-federal-reserve-371124.html "

(ArticlesBase SC # 371 124)

Watch your traffic increase just by submitting articles with us, click here to get started.
Liked this article? Click here to publish it on your website or blog, it's free and easy!

Charlotte Buelow –
About the Author:

Charlotte Buelow is a contributing business writer for Goliath. Goliath is one of the Internet's largest collections of business research, news and information. Learn more about Goliath .

Questions and Answers

Ask our experts your finance related questions here …

Ask

200 Characters left

How many federal reserve board of governors are there?
How many members on the federal reserve board?
How is the Federal Reserve chairman appointed?

Rate this Article

1
2
Opportunities & Threats: 6 Months Forecasts Overview

Deep Caster provides a Forecast Overview for Gold, Silver, Equities, Crude Oil, U.S. Dollar, U.S. T-Notes and T-Bonds, Interest Rates, and one key commodity for the next 6 Months. April through September, 2011 are Absolutely Crucial for Major Markets because QE 2, Which has kept the Equities Market and certain commodities pumped up for months, is scheduled to end in June. Will there be a QE 3 and, if so, When, and what Consequences for Inflation and the Markets?

By:
Deep Caster l

Finance >
Investing l
Mar 25, 2011

The Source of Mortgage Money

Bad credit mortgage loans are meant especially for the people who are suffering with bad credit. Bad credit mortgages or sub-prime mortgages are becoming more common in today's challenging credit environment and many of the mortgage lenders are now offering very competitive mortgage products to cater for this growing market trend.

By:
WebMedia20 l
Finance l
August 19, 2010

The 1000 Calorie 1000 Calorie Challenge Challenge Tyc

Are you prepared to lose definitely obtaining your body weight in a brief time? Have you been disappointed by slow nevertheless fat reduction?

By:
Christyl l
Finance l
April 29, 2011

Forex Scam Revealed Megadroid Megadroid Pro-Forex Review

Usually, everybody desires to make a lot more money. And they all uncover that forex buying and selling can be a prospective and substantial market exactly where they can recognize their dreams.

By:
Christyl l
Finance l
April 29, 2011

Stock Market Jitters Making You Miserable? Here's What You Need To Do In The Face Of Present And Future Turbulence!

The Greek chorus of doom and gloom financial is out in force these days. Major stock market indexes are in the red for the year and investors prominent warnings make headlines worldwide.

By:
Philip Sherman l
Finance l
April 29, 2011

Succeeding Like a Foreign Exchange Trader

Forex trading online is a person from the easiest person any company's staying for the face of earth can your enterprise into with out restrictions and nevertheless make cool money accomplishing it

By:
Kandace Agena l
Finance l
April 29, 2011

Stock Assault Is A Scam?-Stock Assault 2.0

If you want to generate revenue on the stock market, you should attempt Stock Assault. Actually, Stock Assault can be a exceptional software program that's as intelligent as human.

By:
IlonBene l
Finance l
April 29, 2011

Tips on how to Trade Currency Trading Like a Pro in 2011

Forex trading is often a prosperous enterprise enterprise that has been really gaining momentum to the last handful of decades.

By:
Benjamin Cena l
Finance l
April 29, 2011

Debt Consolidation By Means Of A Remortgage Or Secured Loan

Secured loans and remortgages are not only ideal methods of sorting out debt, but so are the most cost effective means of borrowing for any purpose.

By:
AVRIL MOIRE l
Finance l
April 29, 2011

Good Insurance MD

MD Insurance can assist with retired people who have to remain to guarantee the future potential as well as wellness of their own family members in case of passing.

By:
Renee Walker l
Finance l
April 29, 2011

Top 5 Ways to Increase Online Visibility for Your Company (On the Cheap)

There are lots of ways to go about this. Creating a website is the first step towards increasing your company's visibility online.

By:
Charlotte Buelow l
Advertising l
April 27, 2008

Add new Comment

Your Name: *

Your Email:

Comment Body: *

Verification code: *

* Required fields

Submit

Your Articles Here
It's Free and Easy

Sign Up Today

Author Navigation

My Home
Publish Article
View / Edit Articles
View / Edit Q & A
Edit your Account
Manage Authors
Statistics Page
Personal RSS Builder
My Home
Edit your Account
Update Profile
View / Edit Q & A
Publish Article
Author Box

Charlotte Buelow has 2 articles online

Contact Author

Subscribe to RSS

Print article

Send to friend

Re-Publish article

Articles Categories
All Categories

Advertising
Arts & Entertainment
Automotive
Beauty
Business
Careers
Computers
Education
Finance
Food and Beverage
Health
Hobbies
Home and Family
Home Improvement
Internet
Law
Marketing
News and Society
Relationships
Self Improvement
Shopping
Spirituality
Sports and Fitness
Technology
Travel
Writing

Finance

Accounting
Banking
Credit
Currency Trading
Day Trading
Debt Consolidation
Insurance
Investing
Loans
Mortgage
Personal Finance
Real Estate
Taxes
Wealth Building

Need Help?
Contact Us
FAQ
Submit Articles
Editorial Guidelines
Blog

Site Links
Recent Articles
Top Authors
Top Articles
Find Articles
Site Map
Mobile Version

Webmasters
RSS Builder
RSS
Link to Us

Business Info
Advertising

Use of this web site Constitutes acceptance of the Terms Of Use and Privacy Policy | User published content is licensed under a Creative Commons License .
Copyright © 2005-2011 Free Articles by ArticlesBase.com, All rights reserved.

Charlotte Buelow is a contributing business writer for Goliath. Goliath is one of the Internet's largest collections of business research, news and information. Learn more about Goliath .

More Federal Reserve Articles