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

Fed Governor: CBDC Not Crucial to Supremacy of Dollar
Fed Governor: CBDC Not Crucial to Supremacy of Dollar
October 14, 2022  |  Cryptocurrency

The creation of a central bank digital currency (CBDC) in America is probably not that crucial to ensuring the supremacy of the U.S. dollar, Federal...

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Crypto, Bank Overlap a Focus of DC FinTech Week
Crypto, Bank Overlap a Focus of DC FinTech Week
October 14, 2022  |  Cryptocurrency

Crypto’s recent volatility has shone a spotlight on the risks digital assets can pose for banks, according to Michael Barr, vice chair for supervision of...

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Today in Crypto: Fraudster Takes $100M in Solana Heist; Fed’s Barr Calls Crypto Deposits ‘Liquidity Risks’
Today in Crypto: Fraudster Takes $100M in Solana Heist; Fed’s Barr Calls Crypto Deposits ‘Liquidity...
October 12, 2022  |  Cryptocurrency

A European Central Bank (ECB) study found that retail central bank digital currencies (rCBDCs), which would be used for everyday retail transactions, will see difficulties...

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Crypto Deposits Pose ‘Heightened Liquidity Risks’ for Banks: Fed’s Barr
Crypto Deposits Pose ‘Heightened Liquidity Risks’ for Banks: Fed’s Barr
October 12, 2022  |  Cryptocurrency

Recent volatility in cryptocurrency markets has put a spotlight on some potential risks for banks, the Federal Reserve’s Michael S. Barr said in a speech...

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Republicans Ask for DOJ Help in CBDC Fight
Republicans Ask for DOJ Help in CBDC Fight
October 05, 2022  |  CBDC

A group of Republican lawmakers is asking the U.S. Department of Justice (DOJ) to weigh in on the Federal Reserve’s proposed creation of a central...

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Fed Tightens Rules on Card-Not-Present Debit Transactions
Fed Tightens Rules on Card-Not-Present Debit Transactions
October 03, 2022  |  Regulation

The Federal Reserve’s Board of Governors said Monday (Oct, 3) that it was officially ending so-called network exclusivity and would instead require all debit card...

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As FedNow Rollout Progresses, Banks, Processors Begin Strategic Shifts
As FedNow Rollout Progresses, Banks, Processors Begin Strategic Shifts
September 22, 2022  |  Faster Payments

Less than a year from now, faster payments — instant ones, in fact — will be a widespread reality in the United States. Connie Theien,...

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Report: Federal Reserve Reviews Goldman’s Retail Unit, Marcus
Report: Federal Reserve Reviews Goldman’s Retail Unit, Marcus
September 16, 2022  |  Bank Regulation

The Federal Reserve is reportedly reviewing the operation of Goldman Sachs Group’s retail online banking platform, Marcus, asking questions of Goldman managers in a weeks-long...

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‘National Interest’ Said to Drive US Treasury Support of Digital Dollar
‘National Interest’ Said to Drive US Treasury Support of Digital Dollar
September 08, 2022  |  CBDC

The U.S. Treasury Department plans to advise the federal government to issue a digital dollar, though it will only officially sign off if there’s a...

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