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More than $400 billion in social security and In 1990, the federal government paid recipients Smith, of theīoard's Division of Consumer and Community

These tables reflect data available as ofĮlectronic Transfer of Government Benefits Greater reserve restraint might be acceptable, during the intermeeting period depending on progress toward price stability, Restraint would be acceptable, or slightly The initial easing, somewhat lesser reserve

Possible reduction in the discount rate early Operations might need to take account of a Pressure on reserve positions and that provided for giving emphasis to potential developments that might require some furtherĮasing later in the intermeeting period. List of appointive and ex officio members.Įffective date of Governor Seger's resignation.Ĭhanges in the statistical appendix to theĬommittee adopted a directive that calledįor an initial slight reduction in the degree of Postponement of new automated clearinghouse fee. Various bank holding company, bank service corporation, and bank merger orders Īmendments to Regulation CC (Availability of Funds and Collection of Checks). Pickup in monetary growth, including expansion of M2 and M3 at annual rates ofĪbout 4 and 1 percent respectively over the The reserve conditions contemplated by the Committee The strength of the business expansion, theĭevelopments in foreign exchange and domestic financial markets. To limit the size of potential taxpayer exposure for deposit insurance in the commercial banking industry-before the Subcommittee on Financial Institutions Supervision, Regulation and Insurance of the Need to be addressed in reforming the financial services industry-expanding the activities that banking organizations are authorized to deliver and developing legislation Highlights two of the basic problems that La Ware, member, Board of Governors, discusses the proposed 'Financial (Chairman Greenspan presented identical testimony before the Subcommittee on Domestic Monetary Policy ofĢ46 John P. The run-up in oil prices and the substantialĭecline in interest rates over the past yearĪnd a half, before the Senate Committee onīanking, Housing, and Urban Affairs, February 20, 1991. Shallower than most previous postwar recessions in part because of the reversal of Policy and the current situation in the economy and says that the current downturn in Toward strengthening the regulatory system, before the Senate Committee on Agriculture, Nutrition, and Forestry, FebruaryĢ40 Chairman Greenspan focuses on monetary Markets and that, in the work on this bill,Ĭontributions have been made toward better understanding of these issues and Says that this bill addresses important issues affecting the integrity of our financial Total industrial capacity utilizationĭropped 0.5 percentage point in January toĪlan Greenspan, Chairman, Board of Governors, discusses title III of 'The Intermarket Coordination Act of 1991' (S. Percent (revised) in November and December. Industrial production fell 0.4 percent in January after drops of 1.6 percent and 1.1 Measured by the staff of the Board of Gov Japanese yen on a trade-weighted basis, as The dollar closed the November 1990-January 1991 period down slightly against the Some aggregate information on the extent toĭata on late payments by individual borrowers obtained from surveys of households This article (1) reviews various statistics on debt growth, personal bankruptcies,

Substantially in the decade that ended last Those related to the Electronic Fund Transfer Act and the Federal Reserve Board's Have tested the practicality of electronic It describes some of the pilot programs that Interest in EBT among the various parties. ThisĪrticle gives an overview of the developing To increase the efficiency and minimize theĬosts of the delivery systems of governmentīenefits and to improve the service to benefit recipients, agencies at the federal andĮlectronic delivery of these payments. Thomas, and Publications Services supervised by Linda C. Ellen Dykes, the GraphicsĬenter under the direction of Peter G. It is assisted by the Economic Editing Section headed by S. This committee is responsible for opinionsĮxpressed except in official statements and signed articles. The Federal Reserve Bulletin is issued monthly under the direction of the staff publications committee.

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The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.īOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM, WASHINGTON, D.

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