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

‘Excess Savings’ Far Less Excessive Than First Thought

‘Excess Savings’ Far Less Excessive Than First Thought
‘Excess Savings’ Far Less Excessive Than First Thought
November 04, 2022  |  Consumer Finance

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 >
Federal Reserve’s Next 3 Years Include Instant Payments ‘Easy Button’
Federal Reserve’s Next 3 Years Include Instant Payments ‘Easy Button’
November 03, 2022  |  Real-Time Payments

The term “central bank” brings to mind thoughts of stability, resilience and trust, all things that have been part of the Federal Reserve’s DNA for...

READ MORE >
Americans Still Have $1.7T in Savings as Recession Looms
Americans Still Have $1.7T in Savings as Recession Looms
October 31, 2022  |  Consumer Finance

Thanks in part to government intervention during the pandemic, Americans have banked about $1.7 trillion in savings, according to the Federal Reserve. Get the Full...

READ MORE >
Fed’s ‘Beige Book’ Reflects Growing Pessimism on Main Street
Fed’s ‘Beige Book’ Reflects Growing Pessimism on Main Street
October 19, 2022  |  SMBs

No easy times lie ahead for small and midsize businesses (SMBs) on Main Street. Get the Full Story Complete the form to unlock this article...

READ MORE >
US Regulators Sound Cautious Note on FinTech Innovation
US Regulators Sound Cautious Note on FinTech Innovation
October 17, 2022  |  Legal & Regulation

If there was at least some consensus that came out of last week’s D.C. FinTech Week confab, it’s that banks and the regulators that oversee...

READ MORE >
Fed Governor: CBDC Not Crucial to Supremacy of Dollar
Fed Governor: CBDC Not Crucial to Supremacy of Dollar
October 14, 2022  |  Cryptocurrency

The creation of a central bank digital currency (CBDC) in America is probably not that crucial to ensuring the supremacy of the U.S. dollar, Federal...

READ MORE >
Crypto, Bank Overlap a Focus of DC FinTech Week
Crypto, Bank Overlap a Focus of DC FinTech Week
October 14, 2022  |  Cryptocurrency

Crypto’s recent volatility has shone a spotlight on the risks digital assets can pose for banks, according to Michael Barr, vice chair for supervision of...

READ MORE >
Today in Crypto: Fraudster Takes $100M in Solana Heist; Fed’s Barr Calls Crypto Deposits ‘Liquidity Risks’
Today in Crypto: Fraudster Takes $100M in Solana Heist; Fed’s Barr Calls Crypto Deposits ‘Liquidity...
October 12, 2022  |  Cryptocurrency

A European Central Bank (ECB) study found that retail central bank digital currencies (rCBDCs), which would be used for everyday retail transactions, will see difficulties...

READ MORE >