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

Banks Tighten Loan Rules, See Less Than 5 Pct Of Loans In Forbearance In Q3

Banks Tighten Loan Rules, See Less Than 5 Pct Of Loans In Forbearance In Q3
Banks Tighten Loan Rules, See Less Than 5 Pct Of Loans In Forbearance In Q3
November 09, 2020  |  Loans

In the third quarter, banks tightened their loan standards to firms of any size and also saw weaker demand than usual, according to the Federal...

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Fed Signals Readiness To Act As Coronavirus Escalates
Fed Signals Readiness To Act As Coronavirus Escalates
November 05, 2020  |  Economy

The Federal Reserve’s Thursday (Nov. 5) statement from the Federal Open Market Committee (FOMC) affirms its position to use the “full range” of tools at...

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Fed Adjusts Main Street Lending Terms To Help Small Businesses
Fed Adjusts Main Street Lending Terms To Help Small Businesses
October 30, 2020  |  Loans

The Federal Reserve Board has modified the terms of the Main Street Lending Program (MSLP)  to make it more obtainable for smaller businesses, according to...

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Fed Reserve, FinCEN Seek Input On Bank Secrecy Act Rule Changes
Fed Reserve, FinCEN Seek Input On Bank Secrecy Act Rule Changes
October 28, 2020  |  AML

The Financial Crimes Enforcement Network (FinCEN) and the Federal Reserve Board are seeking comment on a proposed rule that would amend recordkeeping and travel rule...

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Senate Goes Into Recess Without A New Stimulus Deal Before The Election  
Senate Goes Into Recess Without A New Stimulus Deal Before The Election  
October 27, 2020  |  Economy

Congress has not yet arrived at another stimulus deal after months of discussions, while the probability that anything will be ratified before the election on...

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More Stimulus Is Needed To Strengthen Economy, Fed’s Brainard Says
More Stimulus Is Needed To Strengthen Economy, Fed’s Brainard Says
October 21, 2020  |  Economy

A top Fed official is warning more stimulus spending will be needed in order to turn a “K-shaped recovery” in the United States into one...

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Fed Chair Powell Urges Thorough Vetting Of Central Bank Digital Currencies
Fed Chair Powell Urges Thorough Vetting Of Central Bank Digital Currencies
October 19, 2020  |  Cryptocurrency

Federal Reserve Board Chair Jerome Powell sounded a cautionary note on Monday (Oct. 19) on the bank’s potential rollout of a digital currency. Get the...

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Today In Payments: Central Banks Frame Criteria For Digital Currency; Amazon India Gets $95.5M For Festive Season
Today In Payments: Central Banks Frame Criteria For Digital Currency; Amazon India Gets $95.5M For...
October 09, 2020  |  News

In today’s top news, the Federal Reserve and seven central banks are collaborating on a framework for digital currency, and Amazon India prepares for its...

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