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Home > Company Index > Banking > Money Center Banks > Federal Reserve System
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Federal Reserve System |
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NEWS FROM THE STANDARD |
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This Growth Doesn't Grow
Aug 29 2001 05:45 AM PDT
U.S. Stocks Climb, Reverse Losses
Aug 22 2001 12:31 PM PDT
Fed Cuts Rates, Investors Run
Aug 21 2001 02:43 PM PDT
Fed Cuts Rates by a Quarter Point
Aug 21 2001 12:15 PM PDT
Greenspan: Weak Growth Is Still a Risk Factor for the Economy
Jul 18 2001 08:06 AM PDT
PROFILE |
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The Federal Reserve System, made famous by the bullish stock market of the 1990s, sets discount interest rates (the rate at which its member banks may borrow), which in turn influences the pace of lending and -- many believe -- the pace of the economy itself. The Fed, as it is known, through a nationwide network of 12 banks representing 12 regions, also regulates and examines US banks, clears money transfers, issues currency, and buys or sells government securities to regulate the money supply. Through its powerful New York bank, the Fed conducts the US's foreign currency transactions, buys or sells on the world market to support the dollar's value, and stores gold for foreign governments and international agencies.
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KEY PEOPLE |
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Alan Greenspan
CEO
CONTACT INFO |
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20th St. and Constitution Ave., NW
Washington, DC 20551
US
Phone: 202-452-3000
Fax: -
Online: Web Site
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Copyright © 2001, Hoover's Inc. Austin, Texas.
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