Corroborating Mr. Hodges' figures was the Federal Reserve Board's report of the large sales increase in the nation's department stores for the week ending March 4.

If the trend of general business activity follows the pattern suggested here, we are likely to see additional steps by the Federal Reserve authorities to ease the availability of credit.

One of the most intriguing questions is whether the recent departures of the Federal Reserve authorities from confining their open market operations to Treasury bills will spread into longer-term Government securities in the next few months.

To the extent that the new Administration has its wishes, the Federal Reserve would conduct its open market operations throughout the entire maturity range of Government securities and aggressively seek to force down long-term interest rates.

The principle of `` bills only '', or `` bills preferably '', seems so strongly accepted by the Federal Reserve that it is difficult to envision conditions which would persuade the authorities to depart radically from it by extending their open market purchases regularly into long-term Government securities.

The economist does not look for a drastic switch in the budget during this recovery and believes it `` even more unlikely that the Federal Reserve will aggressively tighten monetary policy in the early phases of the upturn as was the case in 1958 ''.

-- Alfred Hayes, president of the Federal Reserve Bank of New York, said Tuesday `` there is no present need for far-reaching reforms '' which would basically alter the international financial system.

Critics have also argued that, as the Austrian business cycle theory points to the actions of fractional-reserve banks and central banks to explain the business cycles, it fails to explain the severity of business cycles before the establishment of the Federal Reserve in 1913.

* 1976 – The United States Treasury Department reintroduces the two-dollar bill as a Federal Reserve Note on Thomas Jefferson's 233rd birthday as part of the United States Bicentennial celebration.

More controversially, officials of the Federal Reserve assisted in the negotiations that led to this bail-out, on the grounds that so many companies and deals were intertwined with LTCM that if LTCM actually failed, they would as well, causing a collapse in confidence in the economic system.

In the 1950s, Burroughs had worked with the Federal Reserve Bank on the development and computer processing of magnetic ink character recognition ( MICR ) especially for the processing of bank cheques.

In industries like banking, where continuous operations was mandatory, Burroughs large systems penetrated most every large bank, including the Federal Reserve Bank.

* FRED ( Federal Reserve Economic Data )

Gerald P. O ' Driscoll, former vice president at the Federal Reserve Bank of Dallas, stated that Fannie Mae and Freddie Mac became examples of crony capitalism.

In the United States, the Federal Reserve System operates without direct oversight by the legislative or executive branches.

Examples include the European Central Bank ( ECB ), the Federal Reserve of the United States, and the People's Bank of China.

The US Federal Reserve was created by the U. S. Congress through the passing of The Federal Reserve Act in the Senate and its signing by President Woodrow Wilson on the same day, December 23, 1913.

The word " Reserve " is also often included, such as the Reserve Bank of India, Reserve Bank of Australia, Reserve Bank of New Zealand, the South African Reserve Bank, and U. S. Federal Reserve System.

Avionics plays a heavy role in modernization initiatives like the Federal Aviation Administration's ( FAA ) Next Generation Air Transportation System project in the United States and the Single European Sky ATM Research ( SESAR ) initiative in Europe.

* The Federal Reserve System: Purposes and Functions – A publication of the U. S. Federal Reserve, describing its role in the macroeconomy

In 1930 as a member of the conservative Christian Social Party ( CS ), he was appointed president of the Federal Railway System.

The Federal Reserve System ( also known as the Federal Reserve, and informally as the Fed ) is the central banking system of the United States.

Over time, the roles and responsibilities of the Federal Reserve System have expanded and its structure has evolved.

The primary motivation for creating the Federal Reserve System was to address banking panics.

Today the Federal Reserve System has broader responsibilities than only ensuring the stability of the financial system.

Current functions of the Federal Reserve System include:

The Federal Reserve System was designed as an attempt to prevent or minimize the occurrence of bank runs, and possibly act as a lender of last resort when a bank run does occur.

Monetary policy of the Federal Reserve System is based partially on the theory that it is best overall to expand or contract the money supply as economic conditions change.

It is briefly described in The Federal Reserve System — Purposes and Functions as follows:

These balances are the namesake reserves of the Federal Reserve System.

This market for funds plays an important role in the Federal Reserve System as it is what inspired the name of the system and it is what is used as the basis for monetary policy.

The Federal Reserve System is a part of government that regulates the private banks.

In the end, private banking businesses are able to run a profitable business while the U. S. government, through the Federal Reserve System, oversees and regulates the activities of the private banks.

section 714 establish that the Board of Governors of the Federal Reserve System and the Federal Reserve banks may be audited by the Government Accountability Office ( GAO ).

# a part of a discussion or communication among or between members of the Board of Governors and officers and employees of the Federal Reserve System related to items ( 1 ), ( 2 ), or ( 3 ).

The Board of Governors in the Federal Reserve System has a number of supervisory and regulatory responsibilities in the U. S. banking system, but not complete responsibility.

These aspects of the Federal Reserve System are the parts intended to prevent or minimize speculative asset bubbles, which ultimately lead to severe market corrections.

There has been an increase in cooperative research with other Federal agencies and civilian institutions.

If your state has no provisions for the numbering of pleasure boats, you must apply for a number from the U.S. Coast Guard for any kind of boat with mechanical propulsion rated at more than 10 horsepower before it can be used on Federal waterways.

On the other hand, in a more favorable vein, general business activity should receive some stimulus from rising Federal spending, and the reduction in business inventories has probably run a good part of its course.

Graft in the construction of highways and other public works has brought on state and Federal investigations.

On the positive side, recent Federal action has largely undermined the legal sanction so long enjoyed by the segregationist position ; ;

Some jurisdictions have specialized appellate courts, such as the Texas Court of Criminal Appeals, which only hears appeals raised in criminal cases, and the United States Court of Appeals for the Federal Circuit, which has general jurisdiction but derives most of its caseload from patent cases, on the other hand, and appeals from the Court of Federal Claims on the other.

Among many roles in his career, Arau has played " Captain Herrera ", a lieutenant of Federal general " Mapache ", in Sam Peckinpah's 1969 western, The Wild Bunch, chief bandit " El Guapo " in Three Amigos ( USA, 1986 ), a comedy with Martin Short, Steve Martin, and Chevy Chase, and the smuggler " Juan " in Romancing the Stone which starred Michael Douglas and Kathleen Turner.

The Bundesrat (" federal council ", performing the function of an upper house ) is the representation of the Federal States ( Bundesländer ) of Germany and has its seat at the former Prussian House of Lords.

In Mexico as translations from English to Spanish applied to Mexico City, the word borough has resulted in a delegación ( delegation ), referring to the 16 administrative areas within the Mexican Federal District.

The commission is not fully equivalent to the U. S. Federal Communications Commission, which has additional powers over technical matters, in broadcasting and other aspects of communications, in that country.

In Switzerland, the Federal Population Census (,,, ) has been carried out every 10 years starting in 1850.

Since 2010, the population census has been carried out and analysed annually in a new format by the Federal Statistical Office ( FSO ).

The Austrian Parliament has unanimously requested the Austrian Federal Minister for Justice to examine the possibility of new legislation providing for a cost-effective and appropriate way to deal with mass claims.

As a result, as of 2002 Ethiopia has a total ( Federal and Regional ) 33, 297 km of roads, both paved and gravel.

The U. S. Federal Trade Commission ( FTC ) has very strict regulations as to what can and what cannot be called " synthetic " stone.

Thus the Federal Reserve has both private and public aspects.

According to the Federal Reserve Bank of Minneapolis, " the Federal Reserve has the authority and financial resources to act as ' lender of last resort ' by extending credit to depository institutions or to other entities in unusual circumstances involving a national or regional emergency, where failure to obtain credit would have a severe adverse impact on the economy.

" The Federal Reserve System's role as lender of last resort has been criticized because it shifts the risk and responsibility away from lenders and borrowers and places it on others in the form of inflation.