About the Federal Reserve Bank of Dallas
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Transcript of About the Federal Reserve Bank of Dallas
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The Purposes and Functions of the Fed
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Financial panics are a part of United States history The Panic of 1907 Jolted Wall Street Highlighted need for
financial reform
A History of Financial Panics
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An act to provide for the establishment of Federal Reserve Banks, to furnish an elastic currency, to afford means of rediscounting commercial paper, to establish a more effective supervision of banking in the United States, and for other purposes.
PreambleFederal Reserve Act of 1913
The Federal Reserve Act
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Public versus Private National versus Regional
The Critical Balance
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The Structure of the Fed
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Structure of the Fed: The Board of Governors
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Structure of the Fed: 12 Regional Banks
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Structure of the Fed: 12 Regional Banks
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Structure of the Fed: The FOMC
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The FOMC and Monetary Policy
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Stable Prices Maximum Employment
Dual Mandate of Monetary Policy
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General rise in prices over time
Inflation
PricesFed Funds
Target
SpendingInflation
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Employment
Employment
Fed Funds Target
EmploymentSpending
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Reserve requirements Discount rate
Other Tools of Monetary Policy
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Monetary Policy Conducted by the Fed Three main tools
Fiscal Policy Congress Taxation and spending
Monetary VS. Fiscal Policy
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Conducting Monetary Policy Supervision and Regulation
Purpose of the Fed
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Written Rules Written in response to legislation under the direction of Congress
Regulation
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The enforcement of regulations
Supervision
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Existing Regulation of Banks and Their Holding Companies
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Conducting Monetary Policy Supervision and Regulation Provide Financial Services
Purpose of the Fed
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Bankers’ Bank Cash Services Check Processing Electronic Payments
Providing Financial Services
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Eleventh District Note
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Eleventh District Note
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Eleventh District Note
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Composition of a Note
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United States Government’s Bank
Providing Financial Services
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The Federal Reserve System is a three-part system. The Board of Governors The Reserve Banks The Federal Open Market Committee
The Federal Reserve System has three main purposes. Monetary policy Supervision and regulation Financial services
Summary