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

Crypto Deposits Pose ‘Heightened Liquidity Risks’ for Banks: Fed’s Barr

Crypto Deposits Pose ‘Heightened Liquidity Risks’ for Banks: Fed’s Barr
Crypto Deposits Pose ‘Heightened Liquidity Risks’ for Banks: Fed’s Barr
October 12, 2022  |  Cryptocurrency

Recent volatility in cryptocurrency markets has put a spotlight on some potential risks for banks, the Federal Reserve’s Michael S. Barr said in a speech...

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Republicans Ask for DOJ Help in CBDC Fight
Republicans Ask for DOJ Help in CBDC Fight
October 05, 2022  |  CBDC

A group of Republican lawmakers is asking the U.S. Department of Justice (DOJ) to weigh in on the Federal Reserve’s proposed creation of a central...

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Fed Tightens Rules on Card-Not-Present Debit Transactions
Fed Tightens Rules on Card-Not-Present Debit Transactions
October 03, 2022  |  Legal & Regulation

The Federal Reserve’s Board of Governors said Monday (Oct, 3) that it was officially ending so-called network exclusivity and would instead require all debit card...

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As FedNow Rollout Progresses, Banks, Processors Begin Strategic Shifts
As FedNow Rollout Progresses, Banks, Processors Begin Strategic Shifts
September 22, 2022  |  Real-Time Payments

Less than a year from now, faster payments — instant ones, in fact — will be a widespread reality in the United States. Get the...

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Report: Federal Reserve Reviews Goldman’s Retail Unit, Marcus
Report: Federal Reserve Reviews Goldman’s Retail Unit, Marcus
September 16, 2022  |  Bank Regulation

The Federal Reserve is reportedly reviewing the operation of Goldman Sachs Group’s retail online banking platform, Marcus, asking questions of Goldman managers in a weeks-long...

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‘National Interest’ Said to Drive US Treasury Support of Digital Dollar
‘National Interest’ Said to Drive US Treasury Support of Digital Dollar
September 08, 2022  |  CBDC

The U.S. Treasury Department plans to advise the federal government to issue a digital dollar, though it will only officially sign off if there’s a...

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Fed’s Powell on Stablecoins: Money Isn’t ‘Just Another Consumer Product’
Fed’s Powell on Stablecoins: Money Isn’t ‘Just Another Consumer Product’
September 08, 2022  |  Cryptocurrency

Most eyes were on Jerome Powell‘s comments about the Federal Reserve‘s battle with inflation, but the United States central bank’s chairman had time to call...

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Fed’s New Vice Chair Michael Barr Drafts Regulatory Agenda
Fed’s New Vice Chair Michael Barr Drafts Regulatory Agenda
September 08, 2022  |  Legal & Regulation

About six weeks into his new role as Federal Reserve Vice Chair for Supervision, Michael Barr’s first speech focused on safety and fairness as he...

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