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

Credit Card Balances Pass $1 Trillion as Consumers Rely on Payment Method

Credit Card Balances Pass $1 Trillion as Consumers Rely on Payment Method
Credit Card Balances Pass $1 Trillion as Consumers Rely on Payment Method
August 08, 2023  |  Credit Cards

It’s the $1 trillion milestone. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

READ MORE >
Fed Says Consumer Credit Grew 4.3% in June
Fed Says Consumer Credit Grew 4.3% in June
August 07, 2023  |  Consumer Finance

Consumer credit grew at a seasonally adjusted annual rate of 4.3% in June. Get the Full Story Complete the form to unlock this article and...

READ MORE >
Analysts: July Jobs Report Suggests Possibility of Economy’s Soft Landing
Analysts: July Jobs Report Suggests Possibility of Economy’s Soft Landing
August 04, 2023  |  Economy

Healthcare, social assistance, financial activities and wholesale trade led the country’s job gains in July. Get the Full Story Complete the form to unlock this...

READ MORE >
JPMorgan CEO Jamie Dimon: New Bank Capital Requirements ‘Hugely Disappointing’
JPMorgan CEO Jamie Dimon: New Bank Capital Requirements ‘Hugely Disappointing’
August 03, 2023  |  Banking

The head of America’s biggest bank said new capital requirements may have slowed economic growth. Get the Full Story Complete the form to unlock this...

READ MORE >
Fed’s Senior Loan Officer Survey Signals Pressure as Small Businesses Seek Credit
Fed’s Senior Loan Officer Survey Signals Pressure as Small Businesses Seek Credit
July 31, 2023  |  Banking

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 >
PYMNTS Intelligence: Comparing FedNow and the RTP® Network
PYMNTS Intelligence: Comparing FedNow and the RTP® Network
July 28, 2023  |  Real-Time 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 >
Payments Platform Form3 Wins FedNow Certification
Payments Platform Form3 Wins FedNow Certification
July 27, 2023  |  Real-Time Payments

Account-to-account payment platform Form3 says it is ready for FedNow. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

READ MORE >
Bank of America CEO: Capital Requirements Must Ensure ‘Level Playing Field’
Bank of America CEO: Capital Requirements Must Ensure ‘Level Playing Field’
July 27, 2023  |  Banking

Bank of America CEO Brian Moynihan said new capital requirements need to ensure a level playing field for U.S. banks. Get the Full Story Complete...

READ MORE >