Board Of Governors Of The Federal Reserve Bank Resources

Board Of Governors Of The Federal Reserve Bank News and Recent Updates

Hellenic Shipping News

the supply of apples, the price of apples falls. While Mr. Blinder (former Vice Chairman of the Board of Governors of the Federal Reserve System) responded by stating, If people suddenly want to hoard apples.... Mr. Laffer (former member of Reagan s Economic Policy Advisory Board) encapsulated his position... there would merely be a pile up of excess reserves and the increased supply of bank credit would not lead... with a buildup in the monetary base. The increased bank reserves account for a latent huge increase more

FOMC Meeting & Forex Trading

of the monetary policy. FOMC consists of the seven governors of the Federal Reserve Board and five Federal Reserve Bank presidents. Changes in the monetary policy especially the interest rate changes... meeting , Federal Reserve Bank , Federal Reserve Board , fomc meeting , fomc meeting & forex markets... are. The Beige Book is a combination of economic conditions from each of the 12 Federal Reserve regional... Districts , Reserve Bank Presidents , Term Direction , Voting Members Related posts Interest Rates And Carry more

NOT Corporate Media

brought formal charges against the Board of Governors of the Federal Reserve Bank system... by the Federal Reserve Board of Governors under Glass Steagall. By the early 1980s, Merrill Lynch... Reserve Board and the Federal Reserve banks. The Federal Reserve Board, a government board, has cheated... continued: “The depredations and the iniquities of the Federal Reserve Board and the Federal reserve... of the law under which it operates, through the maladministration of that law by the Federal Reserve Board more

FOMC Meeting & Forex Trading

of the monetary policy. FOMC consists of the seven governors of the Federal Reserve Board and five Federal Reserve Bank presidents. Wall Street anxiously watches these meetings. Changes in the monetary... Federal Reserve regional districts and is named Beige due to the color of its cover. If the Beige... for the Federal Open Market Committee. That’s right, the releases of the FOMC meeting announcements.... Beige Book is usually released two weeks before the monetary policy meetings of the Federal Open more

Bad Credit Interest

with the Fed   When California Representative Darrell Issa challenged Federal Reserve Chairman Ben Bernanke and the Federal Reserve’s integrity last week it set off a maelstrom Issa likely hadn... virtually simultaneously with the Federal Reserve’s Open Market Committee (FOMC) statement following..., which is intended to offer the markets a view into the thinking of the Fed Board of Governors... the public might suppose, the Federal Reserve, and its chairman trade on trust and integrity, without which more

FOMC Meeting & Currency Trading

meeting. FOMC stands for the Federal Open Market Committee. FOMC meets eight times a year to determine the near term direction of the monetary policy. FOMC consists of the seven governors of the Federal Reserve Board and five Federal Reserve Bank presidents. Changes in the monetary policy... of the 12 Federal Reserve regional districts and is named Beige book due to the color of its cover. This report is usually released two weeks before the monetary policy meetings of the Federal Open more

Irresponsible Interfering with the Fed 7-2-2009

California Representative Darrell Issa challenged Federal Reserve Chairman Ben Bernanke and the Federal... with the Federal Reserve’s Open Market Committee (FOMC) statement following the recent Fed meetings... the markets a view into the thinking of the Fed Board of Governors as they address monetary policy..., the Federal Reserve, and its chairman trade on trust and integrity, without which they cannot aide... during these discussions did I or any member of the Federal Reserve direct, instruct or advice more

Friday July 3 Housing and Economic stories

a lull in economic data, looking instead toward the results of the Federal Reserve's policy meeting... this week. In addition, the Federal Reserve is set to continue its treasury buyback program this morning..., North Carolina-based RBC Bank, the unit of Royal Bank of Canada that oversees $33 billion in client... with private baths. The renovation was financed by a $2.16 million loan from the First National Bank..., the bank's president, won't say what's still owed on the bank loan, citing customer privacy considerations more

Federal Reserve Guidance on CA IOUs: LOLZ Edition

. Here we go! Via the Fed Board of Governors , proving once again that come rain, shine, federal... with their banks before depositing a registered warrant and should ask the following: Will the bank...? These warrants will not be subject to the normal, federal check-hold limits and therefore could be subject more

Federal Reserve advises bank customers on California registered warrants

Federal Reserve advises bank customers on California registered warrants http://www.federalreserve.gov/newsevents/press/bcreg/20090702b.htm Released by the Board of Governors of the Federal Reserve System Schedule of upcoming postings to the Board's website List of items posted to the Board's website over the past two weeks You can view or update your subscriptions, password or e-mail address at any time on your User Profile Page . You can always use the "Reset more

2310

The Federal Reserve Board of Governors in Washington DC. ... Federal Reserve advises bank customers on California registered warrants ... more

The Structure of the Federal Reserve System

... Federal Reserve System. The Board of Governors. of the Federal Reserve ... the Board of Governors as its Chairman and the President of the New York Bank as ... more

Federal Reserve System - Wikipedia, the free encyclopedia

... of Governors. 3.4 Federal Open Market Committee. 3.5 Federal Reserve Banks ... The chairman of the Federal reserve bank shall report to the Board of Governors ... more

Federal Reserve Bank of Atlanta

... together with the Board of Governors, make up the Federal Reserve System. ... Board of Governors. Federal Reserve Districts and Banks. Federal Reserve ... more

Federal Reserve System: Definition from Answers.com

... Board of Governors chairman as its chairman and the New York Reserve Bank ... the Board of Governors and five representatives of the Federal Reserve banks; it ... more

Board of Governors of the Federal Reserve System - Fedpoints - Federal ...

The Board of Governors supervises the work of the Federal Reserve Banks and ... The Board of Governors also approves major Reserve Bank expenditures, such as ... more

Federal Reserve Board (FRB)

The seven members of the board of governors are appointed by the president, ... Federal Funds Rate. Federal Reserve Bank. Federal Reserve Open Market Committee - FOMC ... more

Chairman of the Federal Reserve - Wikipedia, the free encyclopedia

242) of the Board of Governors of the Federal Reserve, which is an independent ... the heads of the twelve district "Federal Reserve Banks" were called "Governors. ... more

Federal Reserve System - Wikinfo

The Board of Governors is the part of the Federal Reserve System that is ... The chairman of the Federal reserve bank shall report to the Board of Governors ... more

Federal Reserve Consumer Help

... solicitations are being directed at consumers, with the Federal Reserve Board or Federal Reserve Banks being mentioned as a party to the "loan" or ... more

US Federal Reserve bank It's not what you think it is! Arthur ...

http://silversnowball.com/994 http://arthurrobinsonjr.net/main/ Arthur Robinson jr.talks about the federal reserve and when it was created.The ...

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What Is The Federal Reserve Bank? / Educational Video

What Is The Federal Reserve Bank? / Educational Video. Public domain video. Federal Reserve Bank of St. Louis. Where the Bankers Bank. "We all ...

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Board of Governors of the Federal Reserve System

Federal Reserve Consumer Help If you have a problem with a bank or other financial institution, contact the Federal Reserve for help. ...

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EMERGENCY BANK HOLIDAY - JUNE 5TH

http://ThisJune5th.com - DOWNLOAD AND PRINT THE PUBLIC NOTICE AND SHARE THIS VIDEO!!! On June 5, 1933 the United States abandoned the Gold ...

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EMERGENCY BANK HOLIDAY - JUNE 5TH

http://ThisJune5th.com - June 5, 1933 The United States abandoned the Gold Standard. 75 years later, this June 5th 2008, We The People of the ...

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EXCHANGES #132 15 USC CHAPTER 2B - SECURITIES EXCH

the Federal Reserve System, a foreign bank, an uninsured State branch or State agency of a foreign bank, a commercial lending company owned or ...

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Finance

Ben S. Bernanke Ben S. Bernanke was sworn in on February 1, 2006, as Chairman and a member of the Board of Governors of the Federal Reserve System ...

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Liste Bilderberg 2008 les "francais" Chantilly Virginia USA

Télécharger la vidéo http://www.megaupload.com/?d=F1F7VIF9 Télécharger la liste http://www.megaupload.com/?d=SW609CA2 BILDERBERG MEETING ...

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The Federal Reserve Fraud Part 4 of 5

On May 23, 1933, Congressman, Louis T. McFadden, brought formal charges against the Board of Governors of the Federal Reserve Bank system, The ...

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Ron Paul; dollar crisis spreading worldwide; Fox News' Cavuto ...

9/27/2008 END THE FED! Federal Reserve Board Abolition Act (Introduced in House) HR 2755 IH 110th CONGRESS 1st Session H. R. 2755 ...

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Board Of Governors Of The Federal Reserve Bank Answers

Open Question: Market Committee (FOMC) is made up of?

The Federal Open Market Committee (FOMC) is made up of: A.. the chair of the Board of Governors along with the 12 presidents of the Federal Reserve Banks. B. the seven members of the Board of Governors along with the president of the New York Federal Reserve Bank. C. the seven members of the Board of Governors of the Federal Reserve System along with the three members of the Council of Economic Advisers. D. the seven member of the Board of Governors of the Federal Reserve System along with the president of the New York Federal Reserve Bank and four other Federal Reserve Banks presidents on a rotating basis. more

Open Question: The Federal Open Market Committee (FOMC)?

The Federal Open Market Committee (FOMC) is made up of: A.. the chair of the Board of Governors along with the 12 presidents of the Federal Reserve Banks. B. the seven members of the Board of Governors along with the president of the New York Federal Reserve Bank. C. the seven members of the Board of Governors of the Federal Reserve System along with the three members of the Council of Economic Advisers. D. the seven member of the Board of Governors of the Federal Reserve System along with the president of the New York Federal Reserve Bank and four other Federal Reserve Banks presidents on a rotating basis. more

Open Question: The Federal Open Market?

The Federal Open Market Committee (FOMC) is made up of: A.. the chair of the Board of Governors along with the 12 presidents of the Federal Reserve Banks. B. the seven members of the Board of Governors along with the president of the New York Federal Reserve Bank. C. the seven members of the Board of Governors of the Federal Reserve System along with the three members of the Council of Economic Advisers. D. the seven member of the Board of Governors of the Federal Reserve System along with the president of the New York Federal Reserve Bank and four other Federal Reserve Banks presidents on a rotating basis. more

Open Question: The Federal Open Market Committee (FOMC) is made up?

The Federal Open Market Committee (FOMC) is made up of: A.. the chair of the Board of Governors along with the 12 presidents of the Federal Reserve Banks. B. the seven members of the Board of Governors along with the president of the New York Federal Reserve Bank. C. the seven members of the Board of Governors of the Federal Reserve System along with the three members of the Council of Economic Advisers. D. the seven member of the Board of Governors of the Federal Reserve System along with the president of the New York Federal Reserve Bank and four other Federal Reserve Banks presidents on a rotating basis. more

Resolved Question: Is it a myth that the federal reserve does not get audited?

http://www.publiceye.org/conspire/flaherty/flaherty6.html An often repeated Federal Reserve conspiracy theory is that the Fed has never been audited. “Every year Congress introduces legislation to audit the FED,” wrote Thomas Schauf, “and every year it is defeated.”7 Why? Conspiracy theorists such as Schauf, Gary Kah (1991), and Pat Robertson (1994) say the reason is that the Fed is involved in an international plot to subvert U.S. sovereignty and create a one-world government. Naturally, the Fed will not permit Congress to audit its activities, lest it discover this treasonous plan and shut it down. How much truth is there to this claim? Has the Fed ever been audited by Congress or anyone else? The Fed controls U.S. monetary policy and can act with a great deal of independence from Congress and the executive branch. Clearly, such awesome power requires some sort of regular public oversight at the very least to insure that the Fed is doing its job efficiently and effectively, and to detect any abuses of power or fraud. This essay explores the claim that the Fed has never been audited and finds that it is completely false. A Brief History of Federal Reserve Audits Since its inception in 1913 the Federal Reserve System has been subjected to a variety of financial and performance audits by Congress, the executive branch, and private accounting firms, although responsibility for this task has shifted from time to time. From 1913 to 1921 the Board of Governors, then known as the Federal Reserve Board which sets monetary policy and regulates the activities of the Federal Reserve Banks, was audited annually by the U.S. Treasury Department. In 1921 Congress created the Government Accounting Office (GAO) and assigned it to audit the Board until 1933. In the Banking Act of 1933, Congress voted specifically to remove the Board from the GAO’s jurisdiction. From 1933 to 1952 audit teams from the twelve Federal Reserve Banks performed the annual examination of the BOG’s books. From 1952 to 1978, the Board, under authorization from Congress, decided to employ nationally recognize accounting firms to conduct the audits of itself to insure independent oversight. This provided an external evaluation of the adequacy and effectiveness of the examination procedures.1 In 1978 Congress passed the Federal Banking Agency Audit Act (31 USCA §714). It placed the Federal Reserve System back under the auditing authority of the GAO. The Act significantly increased the access of the GAO to the Federal Reserve Banks, the Board, and the Federal Open Market Committee (the FOMC). Since then, the GAO has conducted over 100 financial audits and performance audits of the three Federal Reserve bodies.3 Scope of GAO Audits Some of the more important GAO performance audits of the Fed have been in the areas of bank supervision, payment systems activities, and government securities activities. In the first area, the GAO examined how well the Fed was enforcing its regulatory powers over its member banks. In 1992 it drew attention to the Fed’s sluggish compliance with regulatory reforms mandated by the Foreign Bank Supervision Act of 1991. In examining the Fed’s payment system activities, the GAO made the Fed aware of how its pricing policies for such services as check-clearing affected private suppliers of check-clearing services, and also suggested ways to speed up the process of check collections. Security markets for government debt is a crucial market, and GAO performance audits of the Fed have lead to more openness in the primary dealer system, particularly concerning the disclosure of price information. The GAO is also involved in several ongoing performance audits of the Fed such as analysis of risks and benefits of interstate banking, regulation of derivatives, and the budget of the Federal Reserve system.2 Audits By Private Accounting Firms Financial audits of the Fed are also conducted regularly. Each Reserve Bank is audited every year by independent General Auditors who report directly to the Board of Governors. These examinations involve financial statement audits and reviews on the effectiveness of financial controls. Each Reserve Bank also has its own internal audit mechanisms. The Board contracts each year with an outside accounting firm to evaluate the audit program’s effectiveness. Price Waterhouse conducted an audit of the Board’s 1994, 1995, 1996, 1997, and 1998 financial statements and filed this report in the Board’s 1996 Annual Report (nearly identical ones appear in other Annual Reports): We have audited the accompanying balance sheets of the Board of Governors of the Federal Reserve System (the Board) as of December 31, 1995 and 1994, and the related statements of revenues and expenses for the years then ended. These financial statements are the responsibility of the Board’s management. Our responsibility is to express an opinion on these financial statements based on our audits. We conducted our auI NEVER CLAIMED TO BE AN AUTHORITY STEVEN C, THIS IS SOMETHING I COPIED AND PASTED, THE IRONY OF YOUR RESPONSE IS YOUR COPY AND PASTED LINK ON YOUR RESPONSE LOL..SO YOUR THE AUTHORITY LOL...SURE YA RY.... If you had some idea of which you speak I might find your argument worthwhile, but to read one blog hardly makes you an authority on the FED if you really knew what was going on with the FED you would know that what you "copy and paste" is nonsense. It has been noted by many Institutes of knowledge that if the people were to find out what the FED was up to there would be a bloody revolution tomorrow. Source(s): "The regional Federal Reserve banks are not government agencies. ...but are independent, privately owned and locally controlled corporations." -- Lewis vs. United States, 680 F. 2d 1239 9th Circuit 1982 9 hours ago more

Open Question: Do you think we should audit the Fed?

HR 1207 proposes to audit the Federal Reserve. Specifically, it "Directs the Comptroller General to complete, before the end of 2010, an audit of the Board of Governors of the Federal Reserve System and of the federal reserve banks, followed by a detailed report to Congress." The Fed has hired lobbyists to try to convince Congress not to vote for 1207, but there is almost a majority in the House of Representatives signed on as cosponsors. You can get more specific info on it here: http://www.govtrack.us/congress/bill.xpd?bill=h111-1207 Do you think the Fed needs to be audited or that it should be immune to such oversight? more

Resolved Question: Possible scam email would like some help?

Below is a copy of the entire email. I don't know if it is for real or not. It seems so official. If any one could help me it would be grately appreciated. fromFederalReserveBailout <info@globecredits.com> reply-toinfo@uscreditagent.com to dateSun, May 24, 2009 at 11:56 AM subjectFederal Reserve offers to all a $150 Billion debt bailout within 28 days mailed-byglobecredits.com hide details May 24 (2 days ago) Reply On behalf of the: Board of Governors of the Federal Reserve System 20th Street and Constitution Avenue NW, Washington, DC 20551 The Federal Reserve offers to all a $150 Billion debt bailout. This US bailout offer, which will enable local participants pay off all or a substantial part of Credit Card and Mortgage debts, Medicare bills and others; is a Federal Government effort in cooperation with Credit Card Institutions, Banks, Mortgage Institutions and Medicare Institutions to assist US Citizens living at home and in European / African countries cope with the challenges of the global recession under a Troubled Asset Relief Program [TARP] pact signed into law last week. This assistance will be in the form of debt payments and non-interest grants / aids to be supervised by agents appointed by the US Government. Federal agencies that oversee the nation's finance industry, including the FDIC and Office of the Comptroller of the Currency, commented that US citizens both at home and abroad are going through very difficult conditions. Continued deleveraging by financial institutions, combined with a collapse in consumer and business confidence is depressing domestic demand across the globe, while world trade is falling at an alarming rate and commodity prices have tumbled. Worst hit are European and African countries depending largely on trade and importation. A percentage portion of the bailout funds are to be remitted to US agencies in Europe and Africa authorized to cordinate the grants/aids. Please provide your contact details as requested below: 1. FULL NAMES 2. PHYSICAL ADDRESS [NOT PO BOX] 3. VALID PHONE NUMBERS: WORK:- HOME:- CELL / MOBILE:- [ A MUST] 4. EMAIL ADDRESS 5. SEX 6. PRESENT OCCUPATION 7. BUSINESS / COMPANY NAME Pro rata awards will be rounded to multiples of $'000. Normal rounding convention will be used, except that awards under $10,000 will be rounded to $10,000. Upon your response, a Credit Agent appointed by the Federal Reserve will contact you. Phil Lewis US Federal Reserve Board Member more

Resolved Question: Do you think we should waterboard the Federal Reserve?

http://www.guardian.co.uk/commentisfree/cifamerica/2009/may/25/federal-reserve-bailout-transparency To my knowledge, no one has proposed waterboarding the US Federal Reserve. But the hostile reaction of much of the country's political leadership to suggestions that the Government Accountability Office (GAO) audit the Federal Reserve Board might lead people to think that waterboarding was being called for. The basic story is straightforward. The US Congress has lent more than $700bn, via the Treasury, to bankers at below market interest rates through the troubled assets relief programme, or Tarp. This was to keep the banks from going belly up. At the same time, the Fed has lent more than $2 trillion to banks and non-financial institutions to maintain liquidity in the financial system. The congressional oversight panel, led by Elizabeth Warren, has frequently complained that the Treasury has not always been altogether forthcoming in providing information about its lending practices under the Tarp. However, there is at least a public paper trail. We can find out how much money each bank received and under what terms. By contrast, there is no public paper trail for the Fed's loans, even though it has more than three times as much money outstanding as does the Treasury through the Tarp. The Fed has only provided aggregate information on the amount of loans in each of its various lending programs, and general information on the terms of the loans and the types of collateral received. However, it is not possible to find out in detail how much money Goldman Sachs borrowed, for example, at what interest rate, and which assets it posted as collateral. The Fed has explicitly refused to make information about specific borrowers public. In fact, the inspector general who has the responsibility for overseeing the Fed told congress that she does not have this information. Apparently the Fed doesn't even trust its inspector general with information on its lending practices. It is difficult to understand the rationale for this secrecy. There may be times where it is necessary for America's central bank to lend money to a bank without immediately making the information public in order to avoid a panic. However, it is difficult to understand why this information cannot be made available weeks or even months later. After all, this money does not belong to the Fed – it belongs to us. The proposal for a GAO audit of the Fed is a first step towards reasserting democratic control over this institution. In many respects, the Fed has more direct control over the direction of the economy than the president or congress, yet it carries through its actions largely outside of the public's view. Furthermore, it is structured so that the banks have a hugely disproportionate influence over the Fed's actions. The Fed's 12 district bank presidents are appointed through a process dominated by the banks within each district. These 12 presidents sit on the Federal Open Market Committee (FOMC), the Fed's key decision-making body on monetary policy, far outnumbering the seven governors who are appointed through the democratic process. (Only five of the 12 bank presidents are voting members of the FOMC. The president of the New York Fed is always a voting member. The other 4 voting positions rotate among the other 11 districts.) In a democracy, it is difficult to justify a situation in which the most important economic policy making body is, by design, more answerable to the banking industry than democratically elected officials. The Federal Reserve Transparency Act is a step toward making the Fed accountable. It would simply require that the Government Accountability Office audit the Fed's books and report to Congress on the bailout and other issues. While more than 130 Republican members of the House of Representatives have signed on as co-sponsors of the bill, just over 30 Democratic members are co-sponsors. No one in the Democratic leadership has signed onto the bill. It is difficult to reconcile the Democrats' position with President Obama's often- repeated commitment to transparency. The resistance to transparency at the Fed will only encourage the public to believe that there actually is something to hide. The Fed bears primary responsibility for the economic collapse. Alan Greenspan failed to take any steps to rein in the housing bubble and arguably even promoted it. It was inevitable that the collapse of an $8tn bubble would lead to a serious downturn of the sort that we are now seeing. This incredible failure of the Fed should raise fundamental questions about its structure. Certainly it would be a positive step if the Fed were more answerable to democratically-elected officials and less accountable to Wall Street bankers. A GAO audit would be a big step in the right direction. What do you think?The that wrote that article describes is more of a "progressive", economically speaking, similar to Paul Krugman, by the way. According to this article. http://www.ruthgroup.org/2009/01/13/dean-baker-economist-for-the-rest-of-us/*The guy that wrote that article*The guy that wrote that article describes himself as more "progressive" Damn I can't type for sh*t tonight more

Resolved Question: Did you contact your congressman yet to support Ron Paul's Federal Reserve Transparency Act (Hr1207) yet?

Many intellectual nincompoops will claim, "but that's what the GAO is for". Well, the following is what the GAO is not authorized to Audit: "Audits of the Federal Reserve Board and Federal reserve banks may not include: 1) transactions for or with a foreign central bank, government of a foreign country, or nonprivate international financing organization; 2) deliberations, decisions, or actions on monetary policy matters, including discount window operations, reserves of member banks, securities credit, interest on deposits, and open market operations; 3) transactions made under the direction of the Federal Open Market Committee; or 4) 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 clauses (1)-(3) of this subsection." http://uscode.house.gov/uscode-cgi/fastweb.exe?getdoc+uscview+t29t32+1729+1++()%20%20A As per Ron Paul, THESE ARE THE THINGS THAT REALLY MATTER! HR1207 will help audit the Federal Reserve FOR REAL! So, did you contact your congressman yet? I won't take no for an answer though. :)Congressman OR CongressWOMAN, i guess. :) more

Voting Question: ILLUMINATI AND NWO exposed.....? hot news?

Chart of who "owns" the Federal Reserve Chart 1 Federal Reserve Directors: A Study of Corporate and Banking Influence Published 1976 Chart 1 reveals the linear connection between the Rothschilds and the Bank of England, and the London banking houses which ultimately control the Federal Reserve Banks through their stockholdings of bank stock and their subsidiary firms in New York. The two principal Rothschild representatives in New York, J. P. Morgan Co., and Kuhn,Loeb & Co. were the firms which set up the Jekyll Island Conference at which the Federal Reserve Act was drafted, who directed the subsequent successful campaign to have the plan enacted into law by Congress, and who purchased the controlling amounts of stock in the Federal Reserve Bank of New York in 1914. These firms had their principal officers appointed to the Federal Reserve Board of Governors and the Federal Advisory Council in 1914. In 1914 a few families (blood or business related) owning controlling stock in existi** Source: Federal Reserve Directors: A Study of Corporate and Banking Influence. Staff Report,Committee on Banking,Currency and Housing, House of Representatives, 94th Congress, 2nd Session, August 1976. more

Resolved Question: Debunker's challenge: Prove to me that the federal reserve is not more powerful than the government?

if you please, give me some proof that the federal reserve is not more powerful than the government if you need proof that it is here is one choice website: http://www.federalreserve.gov/generalinfo/faq/faqfrs.htm an excerpt: quote: The Federal Reserve System is not "owned" by anyone and is not a private, profit-making institution. Instead, it is an independent entity within the government, having both public purposes and private aspects. As the nation's central bank, the Federal Reserve derives its authority from the U.S. Congress. It is considered an independent central bank because its decisions do not have to be ratified by the President or anyone else in the executive or legislative branch of government, it does not receive funding appropriated by Congress, and the terms of the members of the Board of Governors span multiple presidential and congressional terms. However, the Federal Reserve is subject to oversight by Congress, which periodically reviews its activities and can alter its responsibilities by statute. Also, the Federal Reserve must work within the framework of the overall objectives of economic and financial policy established by the government. Therefore, the Federal Reserve can be more accurately described as "independent within the government." end quote It says Congress periodically reviews its activities and alters its responsibilities, yet the chairman Ben Bernanke told Congress that the Congress is not allowed to alter their policy http://www.youtube.com/watch?v=wAVaOe2zV3w And straight from the horses mouth, the federal reserve website states the "Federal Reserve can be more accurately described as "independent within the government." " So how the *&^% is this right when the Constitution supposedly creates a balance of power between the Executive, Congress, and Judicial? Essentially the American government doesn't mean squat so long as the federal reserve is independent of it.no, the president can not fire the fed chairman, no you are not Lord Zog nor if you were would I care, and no the federal reserve is not a part of the government since it is explicitly independent of it. more

Voting Question: Economics homework help?

Familiarize yourself with the Federal Reserve website given below and discuss any key subject on the “FED” that you find educative/informative/ or of interest to you. Give a detailed account of your topic. You must show good understanding of the topic. http://www.federalreserve.gov/newsevents/default.htm Example: You can cover the Structure of the Federal Reserve. Watch the video under: http://www.federalreserveeducation.org/fed101/ ; Under the structure, to demonstrates good understanding you would have to discuss the set up and role of the following; Board of governors. FOMC. Federal Reserve Banks. Member Banks. Advisory committees etc. more

Resolved Question: The Federal Open Market Committee (FOMC) is made up of:?

23.The Federal Open Market Committee (FOMC) is made up of: A)the chair of the Board of Governors along with the 12 presidents of the Federal Reserve Banks. B)the seven members of the Board of Governors along with the president of the New York Federal Reserve Bank. C)the seven members of the Board of Governors of the Federal Reserve System along with the three members of the Council of Economic Advisers. D)the seven member of the Board of Governors of the Federal Reserve System along with the president of the New York Federal Reserve Bank and four other Federal Reserve Banks presidents on a rotating basis. more

Resolved Question: JEWS... BANKS ...Pelosi/Obama/Reid... who really runs the country?

The PRIVATELY owned bank called the "Federal Reserve Bank" Bildeberger Group Jewish FED Officials: 1 Ben Bernanke: Chairman. Term ends 2020 2 Don Kohn: Vice Chair of the Board of Governors of Fed. Term 2016 3 Randall Kroszner: Board of Gov of Fed 4 Frederic Mishkin: Board of Gov. Term ends 2014 5 Greenspan: Advisor to Board- Recent Chairman JEWISH BANKS THAT OWN THE FED Rothschild of London & Berlin Goldman Sachs- NY, Kuhn Loeb Bank-NY, Lazard Brothers- Paris, Israel Moses Sieff-Italy, Warburg Bank-Germany, Lehman- NY Chase Bank of NY-D Rockefeller"Well, the fact that the first fact you presented was incorrect brings total discredit upon yourself" I mistype a 2 instead of a 1 and you type that? I think you just discredited your intelligence or lack of ignorance... pick one. more

Resolved Question: Did you know the GAO is FORBIDDEn by law from auditing the Federal Reserve on the following points:?

The four major areas to which GAO may not have access are: (1) transactions for or with a foreign central bank, government of a foreign country, or nonprivate international financing organization; (2) deliberations, decisions, or actions on monetary policy matters, including discount window operations, reserves of member banks, securities credit, interest on deposits, and open market operations (3) transactions made under the direction of the Federal Open Market Committee; or (4) 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 clauses (1)-(3) of this subsection. (See 31 USC 714, the section of US Code which establishes that the Federal Reserve may be audited by the General Accounting Office (GAO), but which establishes severe restrictions on just what the GAO may in fact audit) HR 1207 would end this limit on Congress's ability to audit and let us find out where the TRILLIONS the Fed has injected into the system over the last several months have gone. There is a companion bill in the Senate. Will you ask your rep to support it? more

Resolved Question: Do you support H.R. 1207, Ron Paul's bill to audit the Federal Reserve?

http://thomas.loc.gov/home/gpoxmlc111/h1207_ih.xml Currently it has 11 cosponsors. Would you ask your reps to support it? Ron Paul thinks bills should be short and should be read. Here is the bill in its entirety: "SECTION 1. Short title. This Act may be cited as the “Federal Reserve Transparency Act of 2009”. SEC. 2. Audit reform and transparency for the Board of Governors of the Federal Reserve System. (a) In general.—Subsection (b) of section 714 of title 31, United States Code, is amended by striking all after “shall audit an agency” and inserting a period. (b) Audit.—Section 714 of title 31, United States Code, is amended by adding at the end the following new subsection: “(e) Audit and report of the Federal Reserve System.— “(1) In general.—The audit of the Board of Governors of the Federal Reserve System and the Federal reserve banks under subsection (b) shall be completed before the end of 2010. “(2) Report.— “(A) Required.—A report on the audit referred to in paragraph (1) shall be submitted by the Comptroller General to the Congress before the end of the 90-day period beginning on the date on which such audit is completed and made available to the Speaker of the House, the majority and minority leaders of the House of Representatives, the majority and minority leaders of the Senate, the Chairman and Ranking Member of the committee and each subcommittee of jurisdiction in the House of Representatives and the Senate, and any other Member of Congress who requests it. “(B) Contents.—The report under subparagraph (A) shall include a detailed description of the findings and conclusion of the Comptroller General with respect to the audit that is the subject of the report, together with such recommendations for legislative or administrative action as the Comptroller General may determine to be appropriate.”.MaliBlue. It is our money and debt they are creating but we shouldn't require oversight?jumpingjaosafats - RP introduced HR 833 to abolish the Fed. However, apparently more in Congress are at this point (being clueless) willing to audit the fed to find what the devil they are doing than to abolish it without understanding what they are doing. more

Voting Question: Do you think this opinion is valid ?

Katherine Austin Fitts, former partner and member of the board of directors at a major Wall Street investment bank and former Assistant Secretary of Housing in the first Bush Administration, said on July 4th, 2004 : "Increasingly, our government assets are being transferred or outsourced to private interests. Meantime, those private interests are transferring their liabilities back to government. Our currency is managed by the Board of Governors of the Federal Reserve System of twelve privately owned Federal Reserve Banks, including the Federal Reserve Bank of New York which in turn serves as depository for the US government bank accounts. The member banks who own and control the individual Federal Reserve Banks have received extraordinary credit subsidies through the governmental apparatus. In addition, there is over $3.3 trillion missing from our government accounts. In short, our government is being manipulated to serve a private agenda. Hence, we are supporting in the marketplace with our choices as consumers and investors the very banks who are orchestrating the corruption of our government. " How far her understanding is correct? more

Resolved Question: evangelicals , why did you empower jews/israel and turn our country into the third world?

Pity the poor Jewish folks. They have a miliary force second to none in the Middle East, they have manipulated the US to do their dirty work in Iraq, the Board of Governors of the Federal Reserve Bank created an Economic Holocost on the American people by allowing the subprime crap to be hidden into all the new and "exotic" Mortgage back securities that were all sold upstream with no oversight or warnings. All of this financial collapse could have been avoided if the Feds had not allowed the creation of toxic Mortgage backed securities. And in case you did not know it, 100% of the Board of Governors were Jewish economist between 2001 and Aug 2008. All appointed by Bush. Great oversight by the Jewish "Adults in Charge". Israel gets a cash handout by the US Taxpayers every year of over 3 Billion dollars even though their average wage earner makes $30k plus per year. They have the Palestinians fenced in like a bunch of cattle. They dominate the banking industry worldwide, the media in the US and Leibermann is still in charge of the subcommitte on Homeland Security in the US Senate in spite of being a traitor to the Democratic party. Only a Jewish Elite could pull that off. In fact this country should be renamed "The United States of Israel". AIPAC and other Jewish donors contribute 45% of all political contributions in the US. Jews are CEOs of 10 to 15 percent or more of major U.S. Corporations. And there is a wall of silence by all media around the fact that while congress was aruging over $700 billion TARP last year, the Jewish Elite on the Board of Governors of the Federal Reserve Bank were quietly loaning out $2 Trillion dollars to their buddies on Wall Street. Bloomberg is having to sue them in Federal Court to find out what they accepted as collateral. The headline in Ynet.com an English speaking newspaper in Israel last week announced that 31% of all Europeans blame the Jews for the economic collapse. The Jewish Elite would never allow such a headline in the US media let alone a public disscussion on the fact that the Jews have been running the Federal Reserve Bank for the last 8 years and allowed the economy to collapse with a three day notice by Paulson. The Jewish Elites are doing quite well for themselves. They do not need or deserve pity over Iran's phoney rhetoric about attacking Israel with Nukes. That is just rhetoric for Iranian domestic consumption. more

Voting Question: Do you expect change from this new administration?

Is the Obama administration different from so many of the past. Are we truly going to see change for the better? Considering the old hats that he has included in his close cirlce of advisors, I'd say NO! Here is a list of builderberg group members (as well as other think tank members that are surely going to continue on their lifes work and agendas Any1 have a different opinion? 1. TIMOTHY GEITHNER – TREASURY SECRETARY Bilderberg, Council on Foreign Relations, Trilateral Commission, president and CEO of Federal Reserve Bank of New York, director of policy development for IMF, member Group of Thirty (G30), employed at Kissinger & Associates, architect of the recent 2008 financial bailouts, mentored by Lawrence Summers and Robert Rubin. 2. PAUL VOLCKER – ECONOMIC RECOVERY ADVISORY BOARD Bilderberg, Council on Foreign Relations, North American chairman of Trilateral Commission, Federal Reserve chairman during Carter and Reagan administrations, president of Federal Reserve Bank of New York, G30 member, chairman Rothschild Wolfensohn Company, key figure in the collapse of the gold standard during the Nixon administration, longtime associate of the Rockefeller family. 3. RAHM EMANUEL – CHIEF OF STAFF Member of Israeli Defense Force, staunch Zionist, congressman, Board of Directors for Freddie Mac, member of Bill Clinton’s finance campaign committee, made $16.2 million during 2.5 years as an investment banker for Wasserstein Perella. His father was a member of the Israeli Irgun terrorist group. 4. LAWRENCE SUMMERS – NATIONAL ECONOMIC COUNCIL Bilderberg, Council on Foreign Relations, Trilateral Commission, treasury secretary during Clinton administration, chief economist at World Bank, former president of Harvard University, Brookings Institute board member, huge proponent of globalization while working for the IMF, prot�g� of David Rockefeller, mentored by Robert Rubin. 5. DAVID AXELROD – SENIOR ADVISOR Political consultant whose past clients include Sens. Hillary Clinton, John Edwards and Christopher Dodd; main Obama fixer in the William Ayers and Reverend Wright scandals. 6. HILLARY CLINTON – SECRETARY OF STATE Bilderberg, Council on Foreign Relations, Trilateral Commission, clandestine CIA asset used to infiltrate the anti-war movement at Yale University and the Watergate hearings, senior partner at the Rose Law Firm, key figure in the Mena drug trafficking affair, architect of the Waco disaster, implicated in the murder/ cover-up of Vince Foster, and many other deaths. 7. JOSEPH BIDEN – VICE PRESIDENT Bilderberg, Council on Foreign Relations, U.S. Senator since 1972, member of the Senate Judiciary Committee, current chairman of the U.S. Senate Committee on Foreign Relations, strong Zionist sympathizer who recently told Rabbi Mark S. Golub of Shalom TV, “I am a Zionist. You don’t have to be a Jew to be a Zionist.” 8. BILL RICHARDSON – COMMERCE SECRETARY Bilderberg, Council on Foreign Relations, former U.S. congressman, chairman of the Democratic National Convention in 2004, employee of Kissinger Associates, UN ambassador, governor of New Mexico, energy secretary, major player in the Monica Lewinsky cover-up with Bilderberg luminary Vernon Jordan. 9. ROBERT GATES – DEFENSE SECRETARY Bilderberg, Council on Foreign Relations, former CIA Director, defense secretary under President Bush, co-chaired CFR task force with Zbigniew Brzezinski, knee-deep in the Iran-Contra scandal, named in a 1999 class action lawsuit pertaining to the Mena drug trafficking affair. 10. TOM DASCHLE – HEALTH SECRETARY Bilderberg, Council on Foreign Relations, former Senate majority leader, Citibank lackey, mentored by Robert Rubin. 11. ERIC HOLDER – ATTORNEY GENERAL Key person in the pardon of racketeer Marc Rich, deputy attorney general under Janet Reno, facilitated the pardon of 16 Puerto Rican FALN terrorists under Bill Clinton. 12. JANET NAPOLITANO – HOMELAND SECURITY DIRECTOR Council on Foreign Relations, Arizona governor, attorney for Anita Hill during the Clarence Thomas hearings, U.S. attorney during the Clinton administration, instrumental in the OKC cover-up, where she declared, “We’ll pursue every bit of evidence and every lead,” described as another Janet Reno, soft on illegal immigration (i.e. pro-amnesty and drivers licenses to illegals). 13. GEN. JAMES L. JONES – NATIONAL SECURITY ADVISOR Bilderberg, Trilateral Commission, European supreme allied commander, special envoy for Middle-East Security during Bush administration, board of directors for Chevron and Boeing, NATO commander, member of Brent Scowcroft’s Institute for International Affairs along with Zbigniew Brzezinski, Bobby Ray Inman, Bilderberg luminary Henry Kissinger and former CIA Director John Deutch. 14. SUSAN RICE – U.N. AMBASSADOR Council on Foreign Relations, Rhodes scholar, campaign foreign policy advisor to presidential candidates John Kerry and Michael Dukakis, member o14. SUSAN RICE – U.N. AMBASSADOR Council on Foreign Relations, Rhodes scholar, campaign foreign policy advisor to presidential candidates John Kerry and Michael Dukakis, member of Bill Clinton’s National Security Council and assistant secretary of state for Africa, member of the Brookings Institute (funded by the Ford Foundation and the Rockefellers), and member of the Aspen Strategy Group (teeming with Bilderberg insiders such as Richard Armitage, Brent Scowcroft, and Madeleine Albright). more

Resolved Question: Do you think H.R. 2755: Federal Reserve Board Abolition Act is a step in the right direction?

Federal Reserve Board Abolition Act - Abolishes the Board of Governors of the Federal Reserve System and each Federal reserve bank. Repeals the Federal Reserve Act. http://www.govtrack.us/congress/bill.xpd?bill=h110-2755 more

Resolved Question: Do You Think Mr. Obama Will Sign Ron Paul's H.R. 2755 End The Fed Bill, When He Takes Office?

An e-mail I received: Dear Mr. xxxxxxxx: Thank you for contacting me regarding HR 2755. HR 2755 would abolish the Federal Reserve System and the Federal Reserve Board of Governors. This, as you know, is a matter of great importance to me. HR 2755 has been referred to the Financial Services Committee, which is chaired by Congressman Barney Frank of Massachusetts. You can continue following the bill's progress by looking it up at http://thomas.loc.gov/ HR 2755 would not eliminate all federal intervention in the banking system, as the Office of the Comptroller of the Currency and the Office of Thrift Supervision would still have regulatory authority over many banks. However, HR 2755 is a necessary and crucial first step toward restoring a free market in banking. Sincerely, Ron Paul edit: Many will ask, what would replace the Fed? Simple, the U.S. Treasury under the strict control of Congress. more

Voting Question: Which one of the following is true about the U.S. Federal Reserve System?

a. There are 10 regional Federal Reserve Banks. b. The head of the U.S. Treasury also chairs the Federal Reserve Board. c. There are seven members of the Federal Reserve Board of Governors. d. The Open Market Committee is smaller in size than the Federal Reserve Board. more

Voting Question: The basic policy-making body in the U.S. banking system is the:?

a. Federal Open Market Committee (FOMC). b. Board of Governors of the Federal Reserve. c. Federal Monetary Authority. d. Council of Economic Advisers. more

Resolved Question: A few questions...... to be answered.......?

true/false 1. the federal open market committee (FOMC) meets about every six weeks and discusses the condition of the economy and votes on changes in monetary policy. 2. If the Fed desires to contract the money supply, it could do any of the following: sell govt. bonds, raise the reserve requirement, or raise the discount rate. 3. an increase in the reserve requirement increases the money multiplier and increases the money supply. 1. To insulate the Federal Reserve from political pressure, a. the board of governors are elected by public b. board of governors have lifetime tenure c. board of governors are supervised by house banking committee d. board of governors are appointed to 14 yr. terms 2. if the Fed engages in an open market purchase and at the same time, it raises reserve requirements, a. the money supply should rise b. money supply should fall c. money supply should remain unchanged d. we cannot be certain what will happen to money supply  more

Resolved Question: Business Homework Questions? Help!?

Which of the following is NOT a primary tool for controlling the money supply? [a] taxation [b] discount rate controls [c] selective credit controls [d] reserve requirements Individual banks that need money can borrow from the Federal Reserve and pay interest on the loans. The preceding scenario describes which role of the Fed? [a] government’s bank [b] the bankers’ bank [c] controlling the money supply [d] guardian of the currency The 7 members of the Federal Reserve’s board of governors are appointed by the president and serve for overlapping terms of _____ years. [a] 2 [b] 4 [c] 14 [d] 10 Banks expand the money supply by ____. [a] printing money [b] paying interest on accounts [c] opening new checking accounts [d] taking in deposits and loaning money more

Resolved Question: I need help on this economics question! Please look and see if you know it!?

The Federal Reserve is called "independent" because: A. Congress and the President cannot override the Fed's decisions. B.The President of the United States designates who will be chairman of the Board of Governors. C. Monetary and fiscal policy are separate policy tools. D. There are 12 different Federal Reserve banks. more

Resolved Question: Who are the Architects of Economic Collapse?

Most Serious Economic Crisis in Modern History The October 2008 financial meltdown is not the result of a cyclical economic phenomenon. It is the deliberate result of US government policy instrumented through the Treasury and the US Federal Reserve Board. This is the most serious economic crisis in World history. The "bailout" proposed by the US Treasury does not constitute a "solution" to the crisis. In fact quite the opposite: it is the cause of further collapse. It triggers an unprecedented concentration of wealth, which in turn contributes to widening economic and social inequalities both within and between nations. The levels of indebtedness have skyrocketed. Industrial corporations are driven into bankruptcy, taken over by the global financial institutions. Credit, namely the supply of loanable funds, which constitutes the lifeline of production and investment, is controlled by a handful of financial conglomerates. With the "bailout", the public debt has spiraled. America is the most indebted country on earth. Prior to the "bailout", the US public debt was of the order of 10 trillion dollars. This US dollar denominated debt is composed of outstanding treasury bills and government bonds held by individuals, foreign governments, corporations and financial institutions. Who are the architects of this debacle? In a bitter irony, the engineers of financial disaster are now being considered by President-Elect Barack Obama's Transition Team for the position Treasury Secretary: Lawrence Summers played a key role in lobbying Congress for the repeal of the Glass Steagall Act. His timely appointment by President Clinton in 1999 as Treasury Secretary spearheaded the adoption of the Financial Services Modernization Act in November 1999. Upon completing his mandate at the helm of the US Treasury, he became president of Harvard University (2001- 2006). Paul Volker was chairman of the Federal Reserve Board in the l980s during the Reagan era. He played a central role in implementing the first stage of financial deregulation, which was conducive to mass bankruptcies, mergers and acquisitions, leading up to the 1987 financial crisis. Timothy Geithner is CEO of the Federal Reserve Bank of New York, which is the most powerful private financial institution in America. He was also a former Clinton administration Treasury official. He has worked for Kissinger Associates and has also held a senior position at the IMF. The FRBNY plays a behind the scenes role in shaping financial policy. Geithner acts on behalf of powerful financiers, who are behind the FRBNY. He is also a member of the Council on Foreign Relations (CFR) Jon Corzine is currently governor of New Jersey, former CEO of Goldman Sachs.  more

Resolved Question: Do you agree with the theory that George W. Bush is responsible for the current economic crisis?

Do you agree with this: BUSH ADMINISTRATION responsible for 2008 FINANCIAL CRISIS -------------------------------------------------------------------------------- I see a lot of politicians and forum members pointing fingers at who was responsible for the 2008 Financial Crisis we are currently experiencing. The answer is really simple. THE BUSH ADMINSTRATION! Bush selected the Board of Governors at the Federal Reserve. The Federal Reserve Governors are responsible for Banking Oversight. The below quotes are found here: Federal Reserve System - Wikipedia, the free encyclopedia Quote: Private banks elect members of the board of directors at their regional Federal Reserve Bank while the members of the Board of Governors are selected by the President of the United States and confirmed by the Senate. Quote: The Board of Governors is the part of the Federal Reserve System that is responsible for supervising the private banks. A general description of the types of regulation and supervision involved is given by the Federal Reserve:[11] The Board also plays a major role in the supervision and regulation of the U.S. banking system. It has supervisory responsibilities for state-chartered banks that are members of the Federal Reserve System, bank holding companies (companies that control banks), the foreign activities of member banks, the U.S. activities of foreign banks, and Edge Act and agreement corporations (limited-purpose institutions that engage in a foreign banking business). The Board and, under delegated authority, the Federal Reserve Banks, supervise approximately 900 state member banks and 5,000 bank holding companies. Other federal agencies also serve as the primary federal supervisors of commercial banks; the Office of the Comptroller of the Currency supervises national banks, and the Federal Deposit Insurance Corporation supervises state banks that are not members of the Federal Reserve System. Some regulations issued by the Board apply to the entire banking industry, whereas others apply only to member banks, that is, state banks that have chosen to join the Federal Reserve System and national banks, which by law must be members of the System. The Board also issues regulations to carry out major federal laws governing consumer credit protection, such as the Truth in Lending, Equal Credit Opportunity, and Home Mortgage Disclosure Acts. Many of these consumer protection regulations apply to various lenders outside the banking industry as well as to banks. Members of the Board of Governors are in continual contact with other policy makers in government. They frequently testify before congressional committees on the economy, monetary policy, banking supervision and regulation, consumer credit protection, financial markets, and other matters. The Board has regular contact with members of the President’s Council of Economic Advisers and other key economic officials. The Chairman also meets from time to time with the President of the United States and has regular meetings with the Secretary of the Treasury. The Chairman has formal responsibilities in the international arena as well. Quote: Preventing asset bubbles The board of directors of each Federal Reserve Bank District also have regulatory and supervisory responsibilities. For example, a member bank (private bank) is not permitted to give out too many loans to people who cannot pay them back. This is because too many defaults on loans will lead to a bank run. If the board of directors has judged that a member bank is performing or behaving poorly, it will report this to the Board of Governors. This policy is described in United States Code, Title 12, Chapter 3, subchapter 7, section 301:[23] Each Federal reserve bank shall keep itself informed of the general character and amount of the loans and investments of its member banks with a view to ascertaining whether undue use is being made of bank credit for the speculative carrying of or trading in securities, real estate, or commodities, or for any other purpose inconsistent with the maintenance of sound credit conditions; and, in determining whether to grant or refuse advances, rediscounts, or other credit accommodations, the Federal reserve bank shall give consideration to such information. The chairman of the Federal reserve bank shall report to the Board of Governors of the Federal Reserve System any such undue use of bank credit by any member bank, together with his recommendation. Whenever, in the judgment of the Board of Governors of the Federal Reserve System, any member bank is making such undue use of bank credit, the Board may, in its discretion, after reasonable notice and an opportunity for a hearing, suspend such bank from the use of the credit facilities of the Federal Reserve System and may terminate such suspension or may renew it from time to time. To me, it looks like the oversight LAWS WERE IN PLACE, and the Federal Reserve GovernoIf Bush hadn't let gas prices get so out of hand we would all have $300-$500 more to spend each month to stimulate the economy.You guys are blaming Clinton? He left us with a surplus. Bush will leave us with the biggest deficit we've ever seen. Bush spent all our money and robbed us blind at the pump. more

Resolved Question: Economic question !!!!!!!?

most details earn 10 pts! Who is the Chairman of the Federal Reserve? Suppose that you are a member of the Board of Governors of the Federal Reserve System. The economy is experiencing a sharp rise in the inflation rate. What change in the Federal Funds rate would you recommend? How would you recommended change get acccomplished? What impact would the actions have on the lending ability of the banking system, the real interest rate, investing spending and inflation? more

Resolved Question: Question for Economic Pro ?

Who is the Chairman of the Federal Reserve? Suppose that you are a member of the Board of Governors of the Federal Reserve System. The economy is experiencing a sharp rise in the inflation rate. What change in the Federal Funds rate would you recommend? How would you recommended change get acccomplished? What impact would the actions have on the lending ability of the banking system, the real interest rate, investing spending and inflation? more

Resolved Question: Economic help 10 pts!?

Who is the Chairman of the Federal Reserve? Suppose that you are a member of the Board of Governors of the Federal Reserve System. The economy is experiencing a sharp rise in the inflation rate. What change in the Federal Funds rate would you recommend? How would you recommended change get acccomplished? What impact would the actions have on the lending ability of the banking system, the real interest rate, investing spending and inflation? more

Resolved Question: Why is the Federal Reserve called "independent"? One of the answers below is right, but which one? Please Help?

A. Congress and the President cannot override the Fed's decisions. B. The President of the United States designates who will be chairman of the Board of Governors. C. Monetary and fiscal policy are separate policy tools. D. There are 12 different Federal Reserve banks. more

Resolved Question: Economic homework help 10 points !?

Who is the Chairman of the Federal Reserve? Suppose that you are a member of the Board of Governors of the Federal Reserve System. The economy is experiencing a sharp rise in the inflation rate. What change in the Federal Funds rate would you recommend? How would you recommended change get acccomplished? What impact would the actions have on the lending ability of the banking system, the real interest rate, investing spending and inflation? more

Resolved Question: Question for Economic Expert!?

Who is the Chairman of the Federal Reserve? Suppose that you are a member of the Board of Governors of the Federal Reserve System. The economy is experiencing a sharp rise in the inflation rate. What change in the Federal Funds rate would you recommend? How would you recommended change get acccomplished? What impact would the actions have on the lending ability of the banking system, the real interest rate, investing spending and inflation? more

Resolved Question: Can somebody tell Obama to pick R-AL Sen. Richard Shelby as Secretary of Treasury?

HIS CREDENTIALS: Oppose Gramm-Leach-Bliley Act of 1999: http://www.senate.gov/legislative/LIS/roll_call_lists/roll_call_vote_cfm.cfm?congress=106&session=1&vote=00354 Oppose the 2008 Bailout: http://www.govtrack.us/congress/vote.xpd?vote=s2008-213 Job approval rating: 54%=======Moderate Republican http://www.govtrack.us/congress/person.xpd?id=300089 =================== A big 'NO' to Obama's favorites: ==Lawrence Summers played a key role in lobbying Congress for the repeal of the Glass Steagall Act. His timely appointment by President Clinton in 1999 as Treasury Secretary spearheaded the adoption of the Financial Services Modernization Act in November 1999. Upon completing his mandate at the helm of the US Treasury, he became president of Harvard University (2001- 2006). ==Paul Volker was chairman of the Federal Reserve Board in the l980s during the Reagan era. He played a central role in implementing the first stage of financial deregulation, which was conducive to mass bankruptcies, mergers and acquisitions, leading up to the 1987 financial crisis. ==Timothy Geithner is CEO of the Federal Reserve Bank of New York, which is the most powerful private financial institution in America. He was also a former Clinton administration Treasury official. He has worked for Kissinger Associates and has also held a senior position at the IMF. The FRBNY plays a behind the scenes role in shaping financial policy. Geithner acts on behalf of powerful financiers, who are behind the FRBNY. He is also a member of the Council on Foreign Relations (CFR) ==Jon Corzine is currently governor of New Jersey, former CEO of Goldman Sachs. http://www.globalresearch.ca/index.php?context=va&aid=10860 more

Resolved Question: You serve as a staff economist for the Board of Governors of the Federal Reserve System and are given the foll?

You serve as a staff economist for the Board of Governors of the Federal Reserve System and are given the following information about the current economic and monetary situation. -------------------------------------------------------------------------------- Cash held by the public: $400 million Discount rate: 5% Total reserves: $1,000 million Unemployment rate: 7.6% Required reserve ratio: 20% Rate of inflation: 1.1% Checkable deposits: $5,000 million -------------------------------------------------------------------------------- 6.1. Which of the following statements accurately describes the monetary situation? A. Banks are holding excess reserves and can increase loans by $500 million. B. Banks are holding excess reserves and can increase loans by $1,000 million. C. Banks have no excess reserves and cannot make additional loans. D. Banks are not meeting the required reserve ratio and must reduce loans by $300 million.  more

Resolved Question: The Federal Reserve is called "independent" because:?

A. Congress and the President cannot override the Fed's decisions. B. The President of the United States designates who will be chairman of the Board of Governors. C. There are 12 different Federal Reserve banks. D. Monetary and fiscal policy are separate policy tools.  more

Resolved Question: Macroeconomics homework help!!!!!?

I need some help. If anyone knows these answers PLEASEEEEEE answer, even if it's only one. Thank you :) What are the three tools that the Federal Reserve has at its disposal to influence money supply? Explain how each of these tools works AND how the each of these actions will hopefully increase the creation of money. Be sure to explain how money is created as part of your explanation. Explain how it is possible for the Federal Reserve to attempt to increase the money supply and yet the money supply could remain unchanged or even be reduced. Suppose the government decides to increase spending paid for by increased borrowing. After the government action, we observe interest rates rising. Why did this occur? 1) Under what circumstance will the government spending cause private sector investment to decrease and cause no change in aggregate demand. Graph this situation on the loanable funds graph. 2) Under what circumstance will the government spending cause private sector investment to actually increase. Graph this situation on a separate loanable funds graph. 3) In this latter case, what caused private sector investment to increase? 4) Why did the firms invest after the government spending but not before it? Suppose consumer spending is reduced. In the Classical view of the economy, national output will stay the same and only how the money is spent will change. Why? Explain using the flow of goods diagram. Suppose interest rates are 8% in the market and at this interest rate $100 billion worth of investment takes place. Now suppose interest rates fall to 6% and $140 billion worth of investments take place. Explain in terms of rate of return why more investment took place at the lower interest rate. Obviously, more investment now takes place, why didn’t these investments take place at the higher interest rate (Be specific)? Explain how when the Fed buys a $100 worth of bonds from the public, this might create a much larger amount of money in the economy. In particular, using the simple money multiplier, if the reserve requirement is only 5% (.05) how much money could be created in this example. Explain why many economists argue that it was a mistake for the government to regulate the type of loans that S&Ls could make. If it was a mistake to regulate the types of loans and S&L can make, then why did deregulation of the types of loans S&Ls could make the S&L crisis worse? Explain the structure of the Federal Reserve. What is the role of the Fed district bank presidents? How do these district bank presidents obtain their position? Who are the board of governors? Who make up the board of governors and how were they appointed? What is the open market committee and who sits on this committee? Who owns the Federal Reserve? Controls it? Why was the Fed constructed in this manner? more

Voting Question: Do you know the Federal Reserve is not owned by the federal government?

From their own site: http://www.federalreserve.gov/generalinfo/faq/faqfrs.htm#5 The Federal Reserve System is not "owned" by anyone and is not a private, profit-making institution. Instead, it is an independent entity within the government, having both public purposes and private aspects. As the nation's central bank, the Federal Reserve derives its authority from the U.S. Congress. It is considered an independent central bank because its decisions do not have to be ratified by the President or anyone else in the executive or legislative branch of government, it does not receive funding appropriated by Congress, and the terms of the members of the Board of Governors span multiple presidential and congressional terms. However, the Federal Reserve is subject to oversight by Congress, which periodically reviews its activities and can alter its responsibilities by statute. Also, the Federal Reserve must work within the framework of the overall objectives of economic and financial policy established by the government. Therefore, the Federal Reserve can be more accurately described as "independent within the government." The twelve regional Federal Reserve Banks, which were established by Congress as the operating arms of the nation's central banking system, are organized much like private corporations--possibly leading to some confusion about "ownership." For example, the Reserve Banks issue shares of stock to member banks. However, owning Reserve Bank stock is quite different from owning stock in a private company. The Reserve Banks are not operated for profit, and ownership of a certain amount of stock is, by law, a condition of membership in the System. The stock may not be sold, traded, or pledged as security for a loan; dividends are, by law, 6 percent per year. from the wiki http://en.wikipedia.org/wiki/Federal_Reserve_System#Independent_within_government Each member bank owns nonnegotiable shares of stock in its regional Federal Reserve Bank—but these shares of stock give the member banks only limited control over the actions of the Federal Reserve Banks, and the charter of each Federal Reserve Bank is established by law and cannot be altered by the member banks. While it is unusual, private individuals and non-bank corporations (with proof of a resolution of the board of directors indicating it intends to do so) may also purchase one or more shares of stock of any of the Federal Reserve Banks.[citation needed] The stock is the same nonnegotiable stock as banks receive, cannot be sold and pays a small dividend. In Lewis v. United States,[36] the United States Court of Appeals for the Ninth Circuit stated that "the Reserve Banks are not federal instrumentalities for purposes of the FTCA [the Federal Tort Claims Act], but are independent, priAlso from the wiki: Federal Reserve Banks * 12 regional banks with 25 branches * Each independently incorporated with a 9-member board of directors, with 6 of them elected by the member banks while the remaining 3 are designated by the Board of Governors. * Set discount rate, subject to approval by Board of Governors. * Monitor economy and financial institutions in their districts and provide financial services to the U.S. government and depository institutions. Member banks[16] * Private banks * Hold stock in their local Federal Reserve Bank * Elect six of the nine members of Reserve Banks’ boards of directors. more

Resolved Question: Economic- what bank hold FOMC? thank you?

The president of the Federal Reserve Bank of __________ holds a permanent seat on the __________. New York; Board of Governors of the Federal Reserve System Washington D.C.; FOMC San Francisco; FOMC New York; FOMC Washington D.C.; Board of Governors of the Federal Reserve System more

Resolved Question: Bilderberg Blackout?

A group of over 100 world leaders met in Virginia this week. The meeting was held in private, in a locked down hotel with military guards. The list of attendees included every major world central banker, military leaders, politicians, think tank heads, and of course kings and queens. Here is a partial list of interesting people that attended. And unless they were playing checkers and not discussing politics, they are all in violation of the Logan Act. Ben Bernanke, Chairman, Board of Governors, Federal Reserve System Henry M. Paulson, Jr., Secretary of the Treasury Robert B. Zoellick, President, World Bank Jean-Claude Trichet, President, European Central Bank Condoleezza Rice, Secretary of State Where is the media on this? Why is NOBODY covering this obvious story? CNBC follows Bernanke around every day reporting about his meetings or events, yet on this day: nothing. Come on... does anyone have a reasonable explanation for this blackout? I'm starting to think conspiracy is true!thanks for that complete list. I mean, is the media blackout saying that these people are not busy doing something important? that this was a social gathering? Does the director of the NSA have time to play pinochle and drink scotch with David Rockefeller? These people are somehow in a social club? And if this were just a social club, why is it almost all CURRENT leaders, and not their former friends who USED to be world leaders? Why is Gore not there: he went in the past. What about Bill Clinton? What about former CIA and NSA directors: are they no longer friends in this social circle? Seriously; this meeting was for policy and for exchange of plans and ideas. Forgetting the Logan Act violations, I cannot understand the media ignoring this! What a scoop! Is there NO EDITOR of a major newspaper with the GUTS to cover this? They can't be all part of a vast conspiracy; they just must be cowards. Right? more

Resolved Question: Is The Media Biased, Comprimised, Hypnotized, or what!?!?

A group of over 100 world leaders met in Virginia this week. The meeting was held in private, in a locked down hotel with military guards. The list of attendees included every major world central banker, military leaders, politicians, think tank heads, and of course kings and queens. Here is a partial list of interesting people that attended. And unless they were playing checkers and not discussing politics, they are all in violation of the Logan Act. Ben Bernanke, Chairman, Board of Governors, Federal Reserve System Henry M. Paulson, Jr., Secretary of the Treasury Robert B. Zoellick, President, World Bank Jean-Claude Trichet, President, European Central Bank Condoleezza Rice, Secretary of State Where is the media on this? Why is NOBODY covering this obvious story? ps - Obama locked his press corps on a plane and sent them to Chicago while this meeting was going on, and he went to DC. He might have snuck in too. No candidate has ever done that before. Ever.for the fella that said this is a conspiracy theory, the organization put out a press release. is it still a conspiracy theory, or can we admit that this meeting took place? http://biz.yahoo.com/bw/080605/20080605006246.html?.v=1&printer=1to the most recent poster, who sees no need for the media to cover the event: what agency of government do YOU work for? Obama and Hillary meet to chat and it gets constant news coverage on FOX and MSNBC for two days straight, yet 100+ world leaders, including our own Secretary of State, several Queens and Princes from Europe, the head of the Fed and Secretary of Treasury there should be no coverage? Come on. Nobody could honestly think that. I asked this question to see WHY they would not cover it; the idea that it should be covered is a DEAD ISSUE for anybody that is thinking, rational, or honest. more

Resolved Question: Who and why did 125 world officials meet recently?

Who was there and why? A. Shadow government. Help spread the word. The main stream media is the lying to YOU! http://www.americanfreepress.net/html/bilderberg_list_2008.html partial Rice, Condoleezza, Secretary of State Trichet, Jean-Claude, President, European Central Bank Zoellick, Robert B. President, The World Bank Group Alexander, Keith B., Director, National Security Agency Bernanke, Ben S., Chairman, Board of Governors, Federal Reserve System Schmidt, Eric, Chairman of the Executive Committee and CEO, Google Rockefeller, David, Former Chairman, Chase Manhattan Bank NLD, Orange, H.R.H., the Prince of Daschle, Thomas A., Former US Senator and Senate Majority Leader BEL Philippe, H.R.H., Prince Sanford, Mark, Governor of South Carolina Sebelius, Kathleen, Governor of Kansas Ford, Jr., Harold E., Vice Chairman, Merill Lynch & Co., Inc. Geithner, Timothy F., President and CEO, Federal Reserve Bank of New York Gigot, Paul, Editorial Page Editor, The Wall Street Journal more

Resolved Question: Macroeconomic HW help.. any help will be apprecaited and you will be awarded 10 pts?

Suppose that you are a member of the Board of Governors of the Federal Reserve System. The economy is experiencing a sharp and prolong inflationary trend. What changes in would you recommend? Explain how each tool would influence the commercial bank reserves, the money supply, interest rates, and aggregate demand to bring about the proper results. Federal Reserve Tools the reserve ratio the discount rate open-market operations more

Resolved Question: Anyone want to see the names of the U.S. New World Globalists attending the Bilderburg meeting in Virginia?

This is where they plan the wars. Create economic stress and destroy lives. Eugenics is their plan. You want to see who is destroying America by design. There is a reason the meetings are a secret! Look at the names and tell me what you think Here is the big US names on the list: USA "Bernanke, Ben S." "Chairman, Board of Governors, Federal Reserve System" USA "Graham, Donald E." "Chairman and CEO, The Washington Post Company" USA "Johnson, James A." "Vice Chairman, Perseus, LLC" (Obama’s man tasked with selecting his running mate) USA "Kissinger, Henry A." "Chairman, Kissinger Associates, Inc." USA "Perle, Richard N." "Resident Fellow, American Enterprise Institute for Public Policy Research" USA "Rice, Condoleezza" Secretary of State USA "Rockefeller, David " "Former Chairman, Chase Manhattan Bank" USA "Sanford, Mark" Governor of South Carolina USA "Wolfowitz, Paul " "Visiting Scholar, American Enterprise Institute for Public Policy Research"Here is the link to see the entire New World Order members and what country they come from: http://www.infowars.com/?p=2564Then why did you look Charles? LMAO "Boo"! more

Resolved Question: Federal Reserve?

1.What is the Federal Reserve System? 2.How are the Board of Governors selected? 3.How are the Federal Reserve Bank presidents selected? 4.What are the three tools the Fed uses to control the money supply? 5.What is the FOMC? What does it do? more

Resolved Question: The Federal Reserve System?

1. Why are the Fed's Board of governors and the chairperson independent from the president and Congress?? 2. What organization regulates foreign banks that do business in the United States? 3. How can the Fed change interest rates? 4. What happens when the Fed raises the reserve requirement? more

Resolved Question: Federal Reserve Banking System?

What if the Fed's Board of Governors announced that it would begin pursuing a policy of tight money for the next 12 months. The chairman announced that, as of now, the discount rate and required reserve ratio would be increased and that the FOMC would begin selling government securities. What would the effects be on the following A. prices B. interest rates C. employment D. Economic Growth E. The Stock Market Please explain. Thanks in advance. more

Resolved Question: Macroeconomics: What part of the Fed meets to discuss changes in the economy and determine monetary policy?

a. the Board of Governors b. the FOMC c. the regional Federal Reserve Bank presidents d. the Central Bank Policy Commission. more

Resolved Question: How does your mortgage impact your life?

While New York Governor Eliot Spitzer was paying an `escort' $4,300 in a hotel room in Washington, just down the road, George Bush's new Federal Reserve Board Chairman, Ben Bernanke, was secretly handing over $200 billion in a tryst with mortgage bank industry speculators. Both acts were wanton, wicked and lewd. But there's a BIG difference. The Governor was using his own checkbook. Bush's man Bernanke was using ours. This week, Bernanke's Fed, for the first time in its history, loaned a selected coterie of banks one-fifth of a trillion dollars to guarantee these banks' mortgage-backed junk bonds. The deluge of public loot was an eye-popping windfall to the very banking predators who have brought two million families to the brink of foreclosure. <http://www.gregpalast.com/> more

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