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

Big Tech Companies Throw Support Behind Fed Creating Real-Time Payments Network

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  |  Real-Time 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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Core Retail Sales Grew 0.9 Percent In November
Core Retail Sales Grew 0.9 Percent In November
December 17, 2018  |  Retail

With declining gas prices, consumers in the U.S. apparently felt free to spend money on other goods and services. One indicator of retail sales, which...

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Ex-Fed Chief Yellen: Deregulation Risks ‘Gigantic Holes’ In Financial Systems  
Ex-Fed Chief Yellen: Deregulation Risks ‘Gigantic Holes’ In Financial Systems  
December 12, 2018  |  Economy

Can it happen again? Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

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Fed To Wells: Reform Or See Growth Stall
Fed To Wells: Reform Or See Growth Stall
December 10, 2018  |  Bank Regulation

Wells Fargo won’t be allowed to grow until it hardens its risk management policies to make sure there are no more abuses of customers, according...

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Federal Reserve Rejects Wells Fargo’s Reform Plan
Federal Reserve Rejects Wells Fargo’s Reform Plan
December 07, 2018  |  Bank Regulation

The Federal Reserve sent Wells Fargo & Co. back to the drawing table with its plan to prevent consumer abuses in the future obligation of...

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Retailers Ask The Fed For Real-Time Payments
Retailers Ask The Fed For Real-Time Payments
December 06, 2018  |  Retail

Target and Walmart, among other companies, are asking the Fed to create a way for interbank transfers to be settled in real time, 24/7, in...

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On Wall Street, Cash Is King For Worried Investors
On Wall Street, Cash Is King For Worried Investors
December 05, 2018  |  Cash

As the saying goes in the investment community, “cash is king.” Get the Full Story Complete the form to unlock this article and enjoy unlimited...

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