federal reserve

Federal Reserve System is the central banking system of the United States of America. It was created on December 23, 1913, with the enactment of the Federal Reserve Act, after a series of financial panics led to the desire for central control of the monetary system in order to alleviate financial crises.

Source: federalreserve.gov

Bank Loans Continue To Fall Despite Increase In Assets

Bank Loans Continue To Fall Despite Increase In Assets
Bank Loans Continue To Fall Despite Increase In Assets
March 22, 2021  |  Loans

While bank deposits continue to climb, lending in the U.S. by financial institutions (FIs) is lower than ever, as banks remain cautious about extending loans...

READ MORE >
Banks Wary As Fed Speeds Up Digital Currency Initiative
Banks Wary As Fed Speeds Up Digital Currency Initiative
March 22, 2021  |  Cryptocurrency

The U.S. financial services sector is getting edgy as the Federal Reserve’s initiative for a digital dollar or Fedcoin steps up its research to reveal...

READ MORE >
Fed Chief: Cryptocurrencies Remain A ‘Speculative Asset,’ Much Like Gold
Fed Chief: Cryptocurrencies Remain A ‘Speculative Asset,’ Much Like Gold
March 22, 2021  |  Cryptocurrency

Federal Reserve Chairman Jerome Powell said Monday (March 22) that cryptocurrencies are “speculative” investments, and therefore not reliable. He added that the Fed is moving...

READ MORE >
Fed’s Powell Says X-Border Payments One Of ‘Less Efficient’ Areas Of Financial System
Fed’s Powell Says X-Border Payments One Of ‘Less Efficient’ Areas Of Financial System
March 18, 2021  |  Payment Methods

Cross-border payments represent a big opportunity for firms worldwide — more than $120 trillion in payments volume flows each year between business trading partners globally,...

READ MORE >
Looking Up: Fed Says Vaccines Boost Optimistic Businesses Outlook
Looking Up: Fed Says Vaccines Boost Optimistic Businesses Outlook
March 04, 2021  |  Economy

The economy in the U.S. is looking up, business owners say, with more vaccines and better employment levels going a long way towards improving conditions,...

READ MORE >
Fed Money Sending System Goes Down For Hours
Fed Money Sending System Goes Down For Hours
February 24, 2021  |  Digital Payments

The Federal Reserve system allowing financial institutions (FIs) to send money back and forth was down for several hours on Wednesday (Feb. 24), CNBC reported....

READ MORE >
Digital Dollar Exploration Gets Backing From Treasury Secretary Yellen
Digital Dollar Exploration Gets Backing From Treasury Secretary Yellen
February 22, 2021  |  Digital Payments

Full steam ahead for the digital dollar — but no go for bitcoin as (widespread) transaction mechanism? Get the Full Story Complete the form to...

READ MORE >
Fed Report: Mortgage Debt Surges, Consumer Credit On The Mend
Fed Report: Mortgage Debt Surges, Consumer Credit On The Mend
February 17, 2021  |  Debt

According to a new report from the Federal Reserve, total household debt rose to $14.56 trillion in the fourth quarter of 2020, an increase of...

READ MORE >