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

Will FedNow’s July Launch Make Crypto and Stablecoins Redundant?
Will FedNow’s July Launch Make Crypto and Stablecoins Redundant?
April 03, 2023  |  Payment Methods

Digital is often a one-way street, and the finance sector appears to be taking it. This is as the future of money movement looks set...

READ MORE >
Community Bank Customers Hit Pause on Mass Deposit Withdrawals
Community Bank Customers Hit Pause on Mass Deposit Withdrawals
April 03, 2023  |  Banking

The bank runs are still fresh in our collective consciousness. But for the community banks, the scramble to get deposits out seems to have abated....

READ MORE >
After SVB, Bank Runs and the Capitol Hill Fireworks … Now What?
After SVB, Bank Runs and the Capitol Hill Fireworks … Now What?
April 03, 2023  |  Digital-First Banking

The hearings on Capitol Hill are over.  At least for the moment. The klieg lights have been switched off, the testimonies have been read, the...

READ MORE >
National Federal Reserve Board Reportedly Leads Supervision of Biggest Banks
National Federal Reserve Board Reportedly Leads Supervision of Biggest Banks
March 31, 2023  |  Bank Regulation

Big banks are reportedly largely overseen by Fed officials in Washington rather than in regional offices. While regional Fed offices supervise banks with assets under...

READ MORE >
Chinese Officials Call for Stronger Global Regulation of Crypto
Chinese Officials Call for Stronger Global Regulation of Crypto
March 31, 2023  |  Cryptocurrency

Two Chinese officials have called for stronger regulation of cryptocurrency around the world. Xuan Changneng, a deputy governor at the People’s Bank of China, said...

READ MORE >
White House Wants New Rules for Midsize Banks
White House Wants New Rules for Midsize Banks
March 29, 2023  |  Bank Regulation

The White House plans to call for tougher regulation of midsize banks. The recommendations for congressional action could be announced within days and would follow...

READ MORE >
SVB Hearing: Lawmakers Allege Top Banking Regulators Asleep at the Wheel
SVB Hearing: Lawmakers Allege Top Banking Regulators Asleep at the Wheel
March 29, 2023  |  Bank Regulation

House lawmakers showed that their teeth can just bite as tough as their Senate counterparts during the second day of congressional hearings about how Silicon...

READ MORE >
Internal Fed Watchdog Investigating SVB Collapse
Internal Fed Watchdog Investigating SVB Collapse
March 29, 2023  |  Digital-First Banking

The Federal Reserve’s inspector general has begun a probe into Silicon Valley Bank’s collapse. A spokesperson for the Office of Inspector General (OIG) told PYMNTS Wednesday (March 29) that...

READ MORE >
Why the FDIC Is Suddenly Front-Page News
Why the FDIC Is Suddenly Front-Page News
March 29, 2023  |  Banking

Few debates rage as fiercely today as how to protect bank customers — and how much protection they need. A trio of regulators appeared before...

READ MORE >