Federal Reserve System

central banking system of the United States

committee of the United States Federal Reserve

reduced form approximation of the responsiveness of the nominal interest rate, as set by the central bank, to changes in inflation, output, or other economic conditions

United States executive order signed by Franklin Roosevelt on 5 April 1933

law created the Federal Reserve System, the central banking system of the United States

interest rates to maintain banks' Federal Reserve balance in the U.S.

current paper currency of the United States

report published by the United States Federal Reserve Board

regional bank of the U.S. Federal Reserve System

interest rate at which banks lend to customers with good credit

company with significant ownership of one or more banks

someone who favors low inflation in monetary policy

overnight borrowings between banks and other entities to maintain their bank reserves at the Federal Reserve

institutional possibility to borrow money from a central bank

United States banknotes issued between 1915 and 1934

annual conference

purchaser of government securities directly from the government

Fedwire (formerly known as the Federal Reserve Wire Network) is a real-time gross settlement funds transfer system operated by the United States Federal Reserve Banks that allows financial institutions to electronically transfer funds between its more than 9,289 participants (). Transfers can only be initiated by the sending bank once they receive the proper wiring instructions for the receiving bank. These instructions include: the receiving bank's routing number, account number, recipient's name and dollar amount being transferred. This information is submitted to the Federal Reserve via the