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

Regs To Banks: Go Easy On Govt Workers
Regs To Banks: Go Easy On Govt Workers
January 11, 2019  |  Loans

As Friday (Jan. 11) came and went and government workers affected by the 21-day shutdown didn’t receive paychecks, U.S. banking regulators asked lenders to help...

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US Corporate Debt Outpaces Economic Growth
US Corporate Debt Outpaces Economic Growth
January 11, 2019  |  B2B Payments

The value of debt held by U.S. corporations is now growing faster than the economy, and businesses are struggling to make their interest payments, according...

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Fed: Extended Shutdown Could Be Bad For Economy
Fed: Extended Shutdown Could Be Bad For Economy
January 10, 2019  |  Economy

Federal Reserve Chairman Jay Powell said that an extended government shutdown could be damaging to the U.S. economy, according to a report in Financial Times....

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Goldman Increases Interest Rates For Marcus
Goldman Increases Interest Rates For Marcus
January 04, 2019  |  Banking

Goldman Sachs has boosted interest rates for Marcus savings accounts, according to a report from CNBC. Get the Full Story Complete the form to unlock...

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Non-Farm Payrolls Rose By 312K In Dec
Non-Farm Payrolls Rose By 312K In Dec
January 04, 2019  |  Economy

Even amid declines in the financial markets, employers in the United States brought more jobs into the economy in December at the quickest cadence in...

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Fed: Card Payments Up 10.1 Pct In 2017
Fed: Card Payments Up 10.1 Pct In 2017
December 21, 2018  |  Payment Methods

Non-cash payment activity, as measured in the United States, gained ground in 2017 year over year, according to the Federal Reserve’s triennial payments press release...

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gpi Makes SWIFT Cross-Border Gains
gpi Makes SWIFT Cross-Border Gains
December 20, 2018  |  B2B Payments

SWIFT has noted that gpi payments make up more than half of its cross-border traffic. The Fed sees marquee tech names pushing for faster payments,...

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Big Tech Companies Throw Support Behind Fed Creating Real-Time Payments Network
Big Tech Companies Throw Support Behind Fed Creating Real-Time Payments Network
December 18, 2018  |  Faster Payments

Amazon, Apple and Google are among the large tech companies that are throwing their support behind the creation of a real-time payments network in the...

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Rising Interest Rates Put Dent In Small Bank Deposits
Rising Interest Rates Put Dent In Small Bank Deposits
December 17, 2018  |  Loans

Smaller banks around the country are feeling the pinch as rising interest rates keep earnings static on loans and customers want more interest on their...

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