BNET Business Dictionary
Business Definition for: Federal Reserve Board
- a body of seven governors appointed by Congress on the nomination of the President that supervises the U.S. Federal Reserve System and formulates monetary policy. Appointees to the Board of Governors serve for 14 years.
- Abbr. FRB
Additional Resources
- The Scope of Monetary Policy Actions Authorized Under the Federal Reserve Act
- The paper examines the limits imposed by the Federal Reserve Act along two dimensions: those types of counterparties and financial instruments with which the Federal Reserve may conduct monetary policy. In doing so, we develop a theme not commonly pursued in the literature, the ways and extent to which the...
- White papers 2004-06-19
- Monetary Policy When the Nominal Short-Term Interest Rate Is Zero
- This paper examines the alternative policy tools that are available to the Federal Reserve in theory, and notes the practical limitations imposed by the Federal Reserve Act. The tools the Federal Reserve has at its disposal include open market purchases of Treasury bonds and private-sector credit instruments (at least those...
- White papers 2000-11-27
- The Federal Reserve Banks as Fiscal Agents and Depositories of the United States
- The fiscal agency and depository relationships between the Federal Reserve System and the Treasury are complex and have evolved over time. This article shows that in these roles, the Federal Reserve System has been and will continue to be an important resource to the U.S. government. Technology will continue to...
- White papers 2000-04-01
- Foreign Banking Organizations
- The FDICIA(The Federal Deposit Insurance Corporation Improvement Act), the Federal Reserve had amended the International Banking Act and increased the Federal Reserve’s authority with respect to these foreign bank operations, including representative offices, in the United States. The Federal Reserve may coordinate the examinations of foreign bank operations with other...
- White papers 1992-12-01
- Upcoming Changes to Regulation W Simplify Compliance for Bankers
- This article provides details on the changes in compliance for bankers. The Board of Governors of the Federal Reserve System has published a final Regulation W, which takes effect April 1. Regulation W implements sections 23A and 23B of the Federal Reserve Act, imposing limits on transactions between a bank...
- White papers
- When is the Best Time to Refinance?
- Federal Reserve Board has substantially lowered the Federal Funds rate in order to stimulate the economy. In this lower interest rate environment, many consumers have considered or taken steps to refinance their first mortgage loan, assuming that mortgage rates decline at the same pace as short-term interest rates. This article...
- White papers 2002-01-01
- The Federal Reserve Responds to Crises:September 11th Was Not the First
- A primary purpose of the Federal Reserve Act of 1913 was to prevent banking panics by establishing the Federal Reserve System to function as a lender of last resort. Other types of financial crisis require similar response, however, and the Federal Reserve has repeatedly used its capacity to generate liquidity...
- White papers 2003-10-27
- Banking Markets in the Twelfth Federal Reserve District
- The policy of the Economic Research Department of the Federal Reserve Bank of San Francisco (Research) is that the banking markets relevant to any proposed banking transaction are best defined with regard to the specifics of that proposal. Accordingly, Research does not maintain a comprehensive list of predefined banking markets...
- White papers 2004-04-01
- Do Bank Mergers Affect Federal Reserve Check Volume?
- The recent decline in the Federal Reserve's check volumes has received a lot of attention. Although switching to electronic payments methods and electronic check processing has been credited for much of that decline, some of it could be caused by changes following bank mergers involving Federal Reserve customer banks. This...
- White papers 2004-10-01
- Federal Reserve Regulatory Actions Governing Bank Transactions with Affiliates: Something Old, Something Borrowed and Something New
- The Federal Reserve Board has recently issued final and proposed rules governing transactions between US banks and their affiliates. US regulators expect US banks to be in strict compliance with affiliate transaction rules as they are intended to insulate a bank from the risks of broader financial activities conducted by...
- White papers 2001-05-29
- An Overview of Consumer Data and Credit Reporting
- The article is about credit reporting. For some time, the Board of Governors of the Federal Reserve System has sought to obtain more detailed and timely information on the debt status, loan payment behavior, and overall credit quality of U.S. consumers. Such information could facilitate the Board’s analysis of macroeconomic...
- White papers 2003-01-01
- Community Bank Study
- The Federal Reserve's Customer Relations and Support Office (CRSO) formed a Research Steering Group in September 2000 to oversee and provide direction for a Federal Reserve study of community banks. Members of the Research Steering Group include community bankers, academics, and Reserve Bank economists. The primary purpose of this study...
- White papers 2002-03-01
- The Impact Of The Federal Reserve Bank’s Open Market Operations
- The Federal Reserve Bank has the ability to change the money supply and to shape the expectations of market participants through their open market operations. These operations may amount to 20% of the day’s volume and are concentrated during the half hour known as ‘‘Fed Time’’. Using previously unavailable data...
- White papers 2003-01-01
- An Empirical Analysis
- In their competitive analysis of proposed bank mergers, the Federal Reserve Board, Department of Justice, and other agencies accept branch divestitures as an antitrust remedy in local markets where there is substantial overlap between the acquirer and target.
- White papers 2003-01-01
- The Liquidity Effect in the Federal Funds Market: Evidence From Daily Open Market Operations
- The paper uses forecast errors made by the Federal Reserve while preparing open market operations to identify a liquidity effect at a daily frequency in the federal funds market. Unlike Hamilton (1997), the paper finds a liquidity effect on many days of the reserve maintenance period besides settlement day. The...
- White papers 2004-09-01
- The Role of Interest Rates in Federal Reserve Policymaking
- Most central banks, including the U.S. Federal Reserve System, implement their monetary policy by setting interest rates. This paper reviews the major changes that have taken place along the way from the Federal Reserve's interest rate-based policy structure of the 1960s to the interest rate-based structure in place today, and...
- White papers 2000-12-13
- The Future of E-Commerce Payments
- June 19, 2002, the Payment Cards Center of the Federal Reserve Bank of Philadelphia and the Electronic Funds Transfer Association's Electronic Commerce Payments Council (eCPC) sponsored a joint conference. This paper discusses the session, which included both Federal Reserve staff and industry leaders discussing how electronic payments are becoming an...
- White papers 2002-09-11
- Interagency Guidelines Establishing Standards for Safeguarding Customer Information and Rescission of Year 2000 Standards for Safety and Soundness.
- The Office of the Comptroller of the Currency, Board of Governors of the Federal Reserve System, Federal Deposit Insurance Corporation, and Office of Thrift Supervision (Collectively, the Agencies) are publishing final Guidelines establishing standards for safeguarding customer information that implement sections 501 and 505(b) of the Gramm- Leach-Bliley Act (the...
- White papers 2001-01-17
- Corporate Governance Guidelines: Federal Realty Investment Trust
- The Board of Trustees has been elected by the shareholders of Federal Realty Investment Trust to provide effective oversight of the affairs of the Trust for the benefit of those shareholders. The primary responsibilities of the Board are: (a) overseeing the management of the Trust, including, without limitation, evaluating...
- White papers 2003-02-12
- The 2004 Federal Reserve Payments Study
- This report summarizes the findings of the 2004 Federal Reserve Payments Study. The study included the two research efforts noted below to estimate the annual number and value of significant types of non cash payments in the United States. The study estimated the number and value of payments by check,...
- White papers 2004-12-01
Neighboring Terms
Premier Vendor Content Whitepapers, webcasts & resources from our Power Center Sponsors
