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Federal Reserve

The Federal Reserve System (also the Federal Reserve; informally The Fed) is the central banking system of the United States. Created in 1913 by the enactment of the Federal Reserve Act, it is a quasi-public (government entity with private components) banking system that comprises (1) the presidentially appointed Board of Governors of the Federal Reserve System in Washington, D.C.; (2) the Federal Open Market Committee; (3) twelve regional Federal Reserve Banks located in major cities throughout the nation acting as fiscal agents for the U.S. Treasury, each with its own nine-member board of directors; (4) numerous private U.S. member banks, which subscribe to required amounts of non-transferable stock in their regional Federal Reserve Banks; and (5) various advisory councils. As of February 2006, Ben Bernanke serves as the Chairman of the Board of Governors of the Federal Reserve System. Donald Kohn is the current Vice Chairman of the Board of Governors of the Federal Reserve System. Read more at Wikipedia


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Aust bonds steady after Fed minutes

...bond future prices are virtually unchanged after the release of the minutes to the US Federal Reserve's April board meeting saw prices rebound after an earlier sell-off. Westpac senior market strategist Damien McColough said the Fed minutes, which showed several...

Pledge Week at the Fed

...stumble at J.P. Morgan shows how little taxpayers enjoy standing behind too-big-to-fail institutions. Remarkably, the same Federal Reserve that didn't blow the whistle on J.P. Morgan's "whale" trades is planning to make more such institutions. The exercise...

Why the Dow Dropped Again

...2012. While GE revealed its intentions to reinitiate the dividend in recent earnings calls, there was some concern that the Federal Reserve would make the company wait until 2013, when GE would have an even stronger balance sheet to boast about. On the news,...

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    The Federal Reserve building (AFP/Getty Images/File - Brendan Hoffman) - Published on 2012-05-16 14:24:00 by Channel News Asia

    The Federal Reserve building (AFP/Getty Images/File - Brendan Hoffman)

    Published by Channel News Asia on 2012-05-16 14:24:00

    Ben Bernanke, Chairman of the Federal Reserve, speaks at a news conference on Wednesday, April 25, 2012, about the decision to not raise interest rates. - Published on 2012-05-16 12:16:00 by Toronto Star

    Ben Bernanke, Chairman of the Federal Reserve, speaks at a news conference on Wednesday, April 25, 2012, about the decision to not raise interest rates.

    Published by Toronto Star on 2012-05-16 12:16:00

    Federal Reserve Chairman Ben Bernanke's news conference is broadcast on a television screen on the floor of the New York Stock Exchange on April 25. - Published on 2012-05-16 12:10:00 by NPR

    Federal Reserve Chairman Ben Bernanke's news conference is broadcast on a television screen on the floor of the New York Stock Exchange on April 25.

    Published by NPR on 2012-05-16 12:10:00

    Federal Reserve Chairman Ben Bernanke's news conference is broadcast on a television screen on the floor of the New York Stock Exchange on April 25. - Published on 2012-05-16 12:08:00 by NPR

    Federal Reserve Chairman Ben Bernanke's news conference is broadcast on a television screen on the floor of the New York Stock Exchange on April 25.

    Published by NPR on 2012-05-16 12:08:00

    Federal Reserve chairman Ben Bernanke - Federal Reserve chairman Ben Bernanke | AP - Published on 2012-05-16 11:44:00 by Globe and Mail

    Federal Reserve chairman Ben Bernanke - Federal Reserve chairman Ben Bernanke | AP

    Published by Globe and Mail on 2012-05-16 11:44:00

    Federal Reserve Building - Published on 2012-05-16 11:07:00 by Cleveland.com

    Federal Reserve Building

    Published by Cleveland.com on 2012-05-16 11:07:00

    U.S. fiscal cliff is looming over North America and world markets. Some hope Ben Bernanke, chairman of the Federal Reserve, will step in but he says the cliff is too steep for the reserve to resolve. - Published on 2012-05-11 15:31:00 by Toronto Star

    U.S. fiscal cliff is looming over North America and world markets. Some hope Ben Bernanke, chairman of the Federal Reserve, will step in but he says the cliff is too steep for the reserve to resolve.

    Published by Toronto Star on 2012-05-11 15:31:00

    Dallas Federal Reserve President Richard Fisher  - Published on 2012-05-11 07:26:00 by Bloomberg.com

    Dallas Federal Reserve President Richard Fisher

    Published by Bloomberg.com on 2012-05-11 07:26:00

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    The Canadian dollar is pretty much focused on concerns around European issues...

    in CANADA FX DEBT-C$ falters on Greece worries

    Reuters - 2012-05-16 20:57:00

    Going forward, the uncertainties arising from Iran's nuclear ambitions, and the prospect of economic sanctions against Tehran, justifies the president's coalition-building to deploy oil reserves if needed to protect American drivers and the world economy...

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    He's looking for a quick political fix by accessing the SPR, and he's using any excuse to do that...

    in UPDATE 3-U.S. to seek G8 support for oil reserve release-Kyodo

    Reuters - 2012-05-16 20:38:00

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