Management Report: Areas for Improvement in the Federal Reserve Banks’ Information System Controls, GAO-19-304R: Published: Mar 26, 2019. Publicly Released: Mar 26, 2019. “Every year we audit the federal debt. (As of Sept. 30, 2018, it was a little more than $21.5 trillion). This year our audit found new weaknesses in the security of the… Continue Reading
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Search Results for: Federal Reserve System
Federal Reserve Issues Progress Report on Efforts to Improve the US Payment System
“The Federal Reserve on Thursday, January 26, 2017 released a progress report outlining accomplishments and anticipated steps moving forward related to the ongoing initiatives to enhance the speed, efficiency and security of the U.S. payment system. The progress report highlights collaborative efforts in support of five strategies outlined in the January 2015 publication of Strategies… Continue Reading
Federal Reserve Highlights Progress in Efforts to Improve U.S. Payment System
“In a report that comes one year after the publication of its Strategies for Improving the U.S. Payment System, the Federal Reserve on Tuesday detailed the progress made and outlined anticipated steps for moving forward with its initiative to enhance payment system speed, efficiency, and security. To date, the January 2015 initiative has resulted in… Continue Reading
New GAO Reports – Coast Guard, Combating Nuclear Smuggling, Federal Reserve Banks’ Information Systems Controls
Coast Guard: Timely Actions Needed to Address Risks in Using Rotational Crews, GAO-15-195: Published: Mar 6, 2015. Publicly Released: Apr 6, 2015. Combating Nuclear Smuggling: DHS Research and Development on Radiation Detection Technology Could Be Strengthened, GAO-15-263: Published: Mar 6, 2015. Publicly Released: Apr 6, 2015. Management Report: Areas for Improvement in the Federal Reserve… Continue Reading
Federal Reserve Archival System for Economic Research Adds Thousands of New Digitized Items
Via Katrina Stierholz, Federal Reserve Bank of St. Louis – “additions to FRASER since its relaunch in October 2014 – FRASER – the Federal Reserve Archival System for Economic Research – has added thousands of new items to its free digital library of economics and banking history and offers a wealth of primary and secondary… Continue Reading
Federal Reserve Issues Strategies for Improving the U.S. Payment System
“The Federal Reserve today issued “Strategies for Improving the U.S. Payment System,” which presents a multi-faceted plan for collaborating with payment system stakeholders including large and small businesses, emerging payments firms, card networks, payment processors, consumers and financial institutions to enhance the speed, safety and efficiency of the U.S. payment system. “A safer, more efficient… Continue Reading
Federal Reserve Board proposes rule to further strengthen capital positions of the largest, most systemically important U.S. bank holding companies
” The Federal Reserve Board on [December 9, 2014] proposed a rule to further strengthen the capital positions of the largest, most systemically important U.S. bank holding companies. The proposal establishes a methodology to identify whether a U.S. bank holding company is a global systemically important banking organization, or GSIB. A firm identified as a GSIB would… Continue Reading
Federal Reserve Board – final rule establishing risk-management standards for financial market utilities designated as systemically important
News release: “The Federal Reserve Board announced the approval of a final rule establishing risk-management standards for certain financial market utilities (FMUs) designated as systemically important by the Financial Stability Oversight Council. The final rule also establishes requirements for advance notice of proposed material changes to the rules, procedures, or operations of certain designated FMUs.… Continue Reading
Federal Reserve Conference on Regulation of Systemic Risk
Conference Program includes links to PDF copies of papers presented. Continue Reading
Federal Reserve: Regulating Systemic Risk
Regulating Systemic Risk – Governor Daniel K. Tarullo At the 2011 Credit Markets Symposium, Charlotte, North Carolina, March 31, 2011 “Events of the last few years have given the phrases “systemic risk” and “financial stability” a prominent place in the lexicon of policymakers. Although protecting financial stability is germane to numerous areas, including monetary policy,… Continue Reading
Federal Reserve issues proposals related to designation of systemically important nonbank financial companies
News release: “The Federal Reserve Board requested comment on a proposed rule that implements two provisions of the Dodd-Frank Wall Street Reform and Consumer Protection Act related to the designation by the Financial Stability Oversight Council of systemically important nonbank financial companies for consolidated supervision by the Board. First, the proposed rule establishes the requirements… Continue Reading
Recent CRS Reports: Income of Americans Aged 65 and Older, Systemic Risk and the Federal Reserve, Presidential Terms and Tenure
November 04, 2009 – Income of Americans Aged 65 and Older, 1968 to 2008 October 30, 2009 – Private Health Insurance Provisions of H.R. 3962 / Note: related postings on H.R. 3962 October 28, 2009 – Systemic Risk and the Federal Reserve October 22, 2009 – Federal Research and Development Funding: FY2010 October 19, 2009… Continue Reading
