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 Banks Look To Lower Corporate Deposits

Big Banks Look To Lower Corporate Deposits
Big Banks Look To Lower Corporate Deposits
May 04, 2021  |  Banking

JPMorgan Chase and Citigroup are among a number of big banks in the U.S. making a move to unload cash, and have asked some corporate...

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Fed SLOOS: Banks Soften First-Quarter Lending Standards
Fed SLOOS: Banks Soften First-Quarter Lending Standards
May 04, 2021  |  Loans

Banks have softened standards for household and commercial loans in the first quarter of 2021, following a year-long trend of tightening due to the economic...

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Yellen Expected To Name Michael Hsu Acting Comptroller Of The Currency
Yellen Expected To Name Michael Hsu Acting Comptroller Of The Currency
May 03, 2021  |  Legal & Regulation

Treasury Secretary Janet Yellen is expected to name Michael Hsu — currently, the associate director of the Federal Reserve’s bank supervision and regulation division —...

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North Dakota Trade Groups File Debit Card Fee Suit Against Federal Reserve
North Dakota Trade Groups File Debit Card Fee Suit Against Federal Reserve
April 29, 2021  |  Legal & Regulation

Two retail trade groups at the state level have sued the Federal Reserve to seek a decrease in debit card swipe fees, Bloomberg reported Thursday...

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Deep Dive: The Strengths And Limitations Of Real-Time Payments Rail Interoperability Strategies
Deep Dive: The Strengths And Limitations Of Real-Time Payments Rail Interoperability Strategies
April 26, 2021  |  Real-Time Payments

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Bank Independent On The Predicted Impact Of Real-Time Payment Interoperability
Bank Independent On The Predicted Impact Of Real-Time Payment Interoperability
April 23, 2021  |  Real-Time Payments

Interest in real-time payments adoption is on the rise among small community banks. In this month’s Real-Time Payments Tracker, Kelly Burdette, senior vice president of...

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Bank Independent Rides Real-Time Rails To Compete With Big Banks
Bank Independent Rides Real-Time Rails To Compete With Big Banks
April 22, 2021  |  Real-Time Payments

The pandemic has accelerated real-time payments’ (RTP) expansion, with businesses, banks and consumers seeking ways to send and receive funds as swiftly and as easily...

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Fed Report Says SMB Desolation Less Than Feared From Pandemic
Fed Report Says SMB Desolation Less Than Feared From Pandemic
April 18, 2021  |  SMBs

The number of businesses that permanently closed during the first year of pandemic fell short of widespread concerns, Federal Reserve economists have concluded in a...

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