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

Federal Agencies Ask Lenders To Offer Small Loans To Fill COVID-19 Gap

Federal Agencies Ask Lenders To Offer Small Loans To Fill COVID-19 Gap
Federal Agencies Ask Lenders To Offer Small Loans To Fill COVID-19 Gap
March 26, 2020  |  Economy

Five federal financial regulatory agencies are encouraging banks, savings associations and credit unions to offer small loans to consumers and small businesses in response to...

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Ex Fed Head Bernanke: Recession Will Be Short
Ex Fed Head Bernanke: Recession Will Be Short
March 25, 2020  |  Economy

The former chairman of the Federal Reserve, Ben Bernanke, said he thinks the coronavirus-influenced recession will be a short one, and recovery will happen quickly,...

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Today In Payments: Discounts Kickstart Economy As China Reopens; Big Businesses Tap $124B From Credit Lines
Today In Payments: Discounts Kickstart Economy As China Reopens; Big Businesses Tap $124B From Credit...
March 25, 2020  |  News

In today’s top payments news, businesses in China are offering steep discounts to encourage people to start spending again, and big businesses in Europe, North...

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Fed Shifts Supervisory Approach Amid COVID-19
Fed Shifts Supervisory Approach Amid COVID-19
March 25, 2020  |  Banking

Amid the coronavirus, the Federal Reserve Board is shifting its supervisory approach. The board said in a press release that it “recognizes that the current situation...

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Fed Looks To Small Banks To Bail Out SMBs
Fed Looks To Small Banks To Bail Out SMBs
March 25, 2020  |  Economy

The Federal Reserve is looking toward a time-worn source to help with bailing out many smaller businesses and individuals as they enlist smaller regional and...

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US House Wants Economic Stimulus Payments To Leverage eWallets
US House Wants Economic Stimulus Payments To Leverage eWallets
March 23, 2020  |  Economy

To help bolster the American economy amid the COVID-19 pandemic, the Federal Reserve could utilize digital wallets and a “digital dollar” to provide “qualified individuals”...

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Fed To Offer Credit Help To Stem Economic Losses For Business, Households
Fed To Offer Credit Help To Stem Economic Losses For Business, Households
March 23, 2020  |  Economy

The U.S. Federal Reserve said on Monday (March 23) that it would support a large range of credit for not only households, but big employers...

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Fed Unveils Plan To Aid Coronavirus-Wracked Consumers And Businesses
Fed Unveils Plan To Aid Coronavirus-Wracked Consumers And Businesses
March 23, 2020  |  Economy

The Federal Reserve launched a massive aid package on Monday (March 23) to prop up the coronavirus-devastated U.S. economy, unveiling up to $300 billion in...

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