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

Average US Credit Card Rates Top 27 Pct. In May

Average US Credit Card Rates Top 27 Pct. In May
Average US Credit Card Rates Top 27 Pct. In May
August 06, 2019  |  Economy

It costs more than ever to pay with a credit card in the U.S., with many consumers paying 17 percent, the highest rate in the...

READ MORE >
Fed Survey: Loan Standards Ease For Smaller Firms
Fed Survey: Loan Standards Ease For Smaller Firms
August 05, 2019  |  Loans

A survey of bank officers published on Monday (Aug. 5) showed loan standards on commercial and industrial loans to both large and mid-sized firms during...

READ MORE >
Federal Reserve To Launch FedNow Instant Payments System 
Federal Reserve To Launch FedNow Instant Payments System 
August 05, 2019  |  Payments Innovation

The Federal Reserve has officially announced it will create a real-time payments service, to be called FedNow. The move was described by Kansas Federal Reserve President Esther George as...

READ MORE >
Big Banks Don’t Want Fed’s Real Time Payments Rails
Big Banks Don’t Want Fed’s Real Time Payments Rails
August 04, 2019  |  Banking

Big banks aren’t happy with the Federal Reserve’s plan to update its payments system that would allow for almost instant transactions. Get the Full Story...

READ MORE >
Nonfarm Payrolls Rose 164K In July
Nonfarm Payrolls Rose 164K In July
August 02, 2019  |  Economy

In a new indication that the economy has stabilized as the Fed moved to reduce interest rates, hiring in the United States slowed in July...

READ MORE >
Bank Regulators Probe Amazon Cloud
Bank Regulators Probe Amazon Cloud
August 02, 2019  |  Cybersecurity

The Federal Reserve orchestrated an official investigation of an Amazon facility in Virginia, kicking off what is expected to be ongoing oversight of cloud providers,...

READ MORE >
Federal Regulators Visited Amazon Facility To Search Laptops
Federal Regulators Visited Amazon Facility To Search Laptops
August 01, 2019  |  Amazon

Investigators from the Federal Reserve carried out an inspection of Amazon’s cloud in April as Washington looks into ways to regulate companies that provide the...

READ MORE >
Deep Dive: Cross-Border Payments Interoperability
Deep Dive: Cross-Border Payments Interoperability
August 01, 2019  |  Smarter Payments

Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

READ MORE >