No. 13-5270 NACS, FORMERLY KNOWN AS NATIONAL ASSOCIATION OF CONVENIENCE STORES, ET AL., APPELLEES v. BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM, APPELLANT. Appeal from the United States District Court for the District of Columbia (No. 1:11-cv-02075). Decided March 21, 2014. “TATEL, Circuit Judge: Combining features of credit cards and checks, debit cards have become not… Continue Reading
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Search Results for: Federal Reserve System
Board of Governors of the Federal Reserve System – Monetary Policy Report
Monetary Policy Report – February 11, 2014: “The labor market improved further during the second half of 2013 and into early 2014 as the economic recovery strengthened: Employment has increased at an average monthly pace of about 175,000 since June, and the unemployment rate fell from 7.5 percent in June to 6.6 percent in January. With these gains, payrolls have risen a cumulative 3¼ million… Continue Reading
Federal Reserve System publishes annual financial statements
News release: “The Federal Reserve System on Friday released the 2012 combined annual financial statements for the Federal Reserve Banks, as well as for the 12 individual Federal Reserve Banks, the consolidated variable interest entities (VIEs) that were created to respond to strains in financial markets, and the Board of Governors. These financial statements are… Continue Reading
Federal Reserve System publishes annual financial statements
News release: “The Federal Reserve System on Tuesday released the 2011 combined annual comparative financial statements for the Federal Reserve Banks, as well as for the 12 individual Federal Reserve Banks, the limited liability companies (LLCs) that were created to respond to strains in financial markets, and the Board of Governors. These financial statements are… Continue Reading
Speech by Governor Duke on the Federal Reserve System and individual financial planning
The Federal Reserve System and Individual Financial Planning, Governor Elizabeth A. Duke At the 2011 Virginia Beach Financial Planning Day, Virginia Beach, Virginia, October 22, 2011 Beginning in 2008, in the face of rising unemployment and falling home values, households reduced spending and increased saving. Although many households have suffered tremendous financial hardship, in the… Continue Reading
New GAO Reports: Federal Reserve System, Financial Markets and Institutions, Afghanistan, Space and Missile Defense
Federal Reserve System – Opportunities Exist to Strengthen Policies and Processes for Managing Emergency Assistance, GAO-11-696, July 21, 2011 – “On numerous occasions in 2008 and 2009, the Federal Reserve Board invoked emergency authority under the Federal Reserve Act of 1913 to authorize new broad-based programs and financial assistance to individual institutions to stabilize financial… Continue Reading
Federal Reserve System publishes annual financial statements
News release: “The Federal Reserve System on Tuesday released the 2010 combined annual comparative financial statements for the Federal Reserve Banks, as well as for the 12 individual Federal Reserve Banks, the limited liability companies (LLCs) that were created to respond to strains in financial markets, and the Board of Governors. These financial statements are… Continue Reading
Board of Governors of the Federal Reserve System – Annual Report: Budget Review, 2009
2009 Annual Report: Budget Review: “Reports on the current budgeted expenses of the Board of Governors and the Federal Reserve Banks. The previous year’s income and expenses are also discussed. Describes the budgeting process for the Board and Banks and shows trends in expenses and employment.” Continue Reading
Federal Reserve System publishes annual financial statements
News release: “The Federal Reserve System on [April 23, 2009] published the annual financial statements for the combined Federal Reserve Banks, the 12 individual Federal Reserve Banks, the limited liability companies (LLCs) that were created in 2008 to respond to strains in financial markets, and the Board of Governors for the years ended December 31,… Continue Reading
Federal Reserve System: Transactions Between Member Banks and Their Affiliates
Board of Governors of the Federal Reserve System. Interim final rule with request for public comment. Transactions Between Member Banks and Their Affiliates: Exemption for Certain Securities Financing Transactions Between a Member Bank and an Affiliate. [Federal Register: September 19, 2008 (Volume 73, Number 183)] [Rules and Regulations] [Page 54307-54309] SUMMARY: “In light of the… Continue Reading
Federal Reserve System Semiannual Monetary Policy Report to Congress
Board of Governors of the Federal Reserve System, Semiannual Monetary Policy Report to the Congress, July 19, 2006 (30 pages, PDF). Continue Reading
Federal Reserve announces that its new system for instant payments
The FedNow® Service, is now live: “The FedNow Service, is now live. Banks and credit unions of all sizes can sign up and use this tool to instantly transfer money for their customers, any time of the day, on any day of the year. “The Federal Reserve built the FedNow Service to help make everyday… Continue Reading
