| By Webmaster,
on November 26, 2008 04:35 PM 
|
Views : 5 |
Favoured : 1 |
Published in : The News, The News |
Federal Reserve: The central bank of the United States; an independent organization created by Congress to keep our money Trade Your Way to an Income for Life valuable and our financial system healthy; one of three federal bank regulatory agencies in the United States; guardian of payments system efficiency and effectiveness; lender of last resort.
Congress created the Federal Reserve System in 1913 to serve as the central bank of the United States and to provide the nation with a safer, more flexible and more stable monetary and financial system. Over the years, its role in banking and the economy has expanded, but its focus has remained the same. Today, the Fed's three functions are to provide and maintain an effective and efficient payments system, to supervise and regulate banking operations, and to conduct the nation's monetary policy. Although all three of these roles are important in maintaining a stable economy, monetary policy is the most visible to many citizens. Monetary policy is the strategic actions taken by the Federal Reserve to influence the supply of money and credit in order to foster price stability and maintain maximum sustainable economic growth. Through these actions, the Fed Forex Trading Made
Last update: November 26, 2008 04:35 PM
|
|
|
| By Webmaster,
on November 26, 2008 04:35 PM
|
Views : 5 |
Favoured : 1 |
Published in : The News, The News |
Who Owns the Fed? Banks that hold stock in the Fed are called member banks. All nationally chartered banks hold stock in the Federal Reserve. State-chartered banks Double Thrust System may choose to be members, upon meeting certain standards. However, holding Fed stock is not like owning publicly traded stock. Fed stock cannot be sold or traded. Member banks receive a fixed, 6 percent dividend annually on their stock, and they do not control the Fed as a result of owning this stock. They do, however, elect six of the nine members of Reserve Banks boards of directors.
Who owns the Fed then? Although it is set up like a private corporation and member banks hold its stock, the Fed owes its existence to an act of Congress and has a mandate to serve the public. So the most accurate answer may be that the Fed is owned by the citizens of the United States.
The Need for a Federal Reserve System
People who lived during the early 1900s used banks much as we do today. They deposited their money into savings accounts and borrowed money to build a home or start a business. When people borrowed money, Rocket Trader banks
Last update: November 26, 2008 04:35 PM
|
|
|
| By Webmaster,
on October 02, 2008 12:49 AM
|
Views : 58 |
Favoured : 22 |
Published in : The News, The News |
Several weeks later, on a Sunday night, Emma was peacefully lying in her bed. Suddenly a flash of intense light hovered above her bed. Ruth appeared as an angel. Emma, she said, I have good news and I have bad news.
Oh, Ruthie, Emma said, tell me the good news.
The good news, Emma, is that there Ten Pips a Day is a softball team in heaven! All of our friends from girlhood are here and so are our old teammates. We are all carefree girls again. We play all day in perfect weather. We never get tired. And we are happy, happy, happy and will be for eternity. It is truly heavenly.
Oh, Ruth, that is so wonderful, Emma replied. What better news could I have received on this fine Sunday night? What could possibly be the bad news?
Well, said Ruth, the bad news is you are pitching on Tuesday.
So often, just when all seems so good and just right, we receive an abrupt warning that things are about to change, that we are going to be yanked from our comfortable existence and into the unknown. At that moment, we realize we have been enjoying a false sense of comfort.
Last update: October 02, 2008 12:49 AM
|
|
Discuss this item on the forums. (0 posts)
|
|
|
<< Start < Prev 1 2 3 4 Next > End >>
|
| Results 9 - 16 of 27 |
