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The Federal Reserve System (also the Federal Reserve; informally The Fed) is the central banking system of the United States. Created in 1913 by the enactment of the Federal Reserve Act, it is a quasi-public (part private, part government) banking system[1] composed of (1) the presidentially appointed Board of Governors of the Federal Reserve System in Washington, D.C.; (2) the Federal Open Market Committee; (3) 12 regional Federal Reserve Banks located in major cities throughout the nation acting as fiscal agents for the U.S. Treasury, each with its own nine-member board of directors; (4) numerous private U.S. member banks, which subscribe to required amounts of non-transferable stock in their regional Federal Reserve Banks; and (5) various advisory councils. As of 2008, Ben Bernanke serves as the Chairman of the Board of Governors of the Federal Reserve System.
Federal Reserve Transparency Act: Ron Paul's Latest Federal Reserve Bill Garners Bipartisan Support
Remember Rep. Ron Paul's ritual of introducing go-nowhere bills to abolish the Federal Reserve? Now he has introduced a bill that may have legs...
Federal Reserve Website Now Provides Acess to historical documents of the Federal Open Market Committee
"The Federal Reserve Board's website now features convenient access to historical documents of the Federal Open Market Committee (FOMC) for...
Federal Reserve Fighting FOIA Case With Trade Secret Jargon a Federal Judge Ain't Buying
While not technically a straight-down-the-line trade secrets discussion, we find the recent piece in The Atlantic by Daniel Indiviglio quite interesting...
Morgan Stanley Granted Federal Bank Holding Company Status By U.S. Federal Reserve Board of Governors
News release: "Morgan Stanley today announced that its application to become a bank holding company was approved by the U...
Did the Federal Reserve Follow Federal Law?
Over at Legal Blog Watch, Carolyn Elefant has provided a valuable service — a roundup of the blawgosphere’s take on whether the Federal Reserve’s takeover of AIG was, in fact, sanctioned by law...
More on the Federal Reserve
As noted yesterday, the Federal reserve has a limited number of tools and yesterday’s allowance of the rate to drop to zero a...
I have worked for this employer for only three weeks. The employer makes up his own rules as to what he chooses to report for the purpose of property taxes. He tells me to "let them come after us". He defines Entertain
He arrogantly insists, "let them come after us." Well, if you are invo...
I was fired on June 3, 2002 in Massachusetts because I reported discriminatory behavior by the employer towards a particular nationality. In July I filed a discrimination/retaliation complaint against the employer with t
It seem sin your case that the fact you filed the complaint prior to being dissa...
My children's school is falsely charging me with truancy. The local district justice works for the school in the most blatently open way. And his wife works for the district, too! They have violated private health record
I am no lawer by any means, so I would love for someone to verify what I have to...
As of right now i am currently residing in a federal halfway house and wish to pursue a 28 U.S.C.1331 civil action lawsuit which initially began in 2003 to the present date.if the litigation is still continuing,can i sti
Give me the specifics and maybe I can tell you if your case is worth trying. Whe...
Doesn't Federal Law overide State Laws?
I believe there is some confusion on the context of the act. It is a state crime...
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I have worked for this employer for only three weeks. The employer makes up his own rules as to what he chooses to report for the purpose of property taxes. He tells me to "let them come after us". He defines Entertain
He arrogantly insists, "let them come after us." Well, if you are invo...
I was fired on June 3, 2002 in Massachusetts because I reported discriminatory behavior by the employer towards a particular nationality. In July I filed a discrimination/retaliation complaint against the employer with t
It seem sin your case that the fact you filed the complaint prior to being dissa...
My children's school is falsely charging me with truancy. The local district justice works for the school in the most blatently open way. And his wife works for the district, too! They have violated private health record
I am no lawer by any means, so I would love for someone to verify what I have to...
As of right now i am currently residing in a federal halfway house and wish to pursue a 28 U.S.C.1331 civil action lawsuit which initially began in 2003 to the present date.if the litigation is still continuing,can i sti
Give me the specifics and maybe I can tell you if your case is worth trying. Whe...
Doesn't Federal Law overide State Laws?
I believe there is some confusion on the context of the act. It is a state crime...
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