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Keywords:Federal Reserve banks OR Federal Reserve Banks 

Journal Article
Understanding monetary policy implementation

The Federal Reserve implements its monetary policy objectives by intervening in the interbank market for overnight loans. In particular, it aims to change the supply of reserves available to commercial banks so that the (average) interest rate in this market equals an announced target rate. A recent change in legislation will give the Federal Reserve greater flexibility in this process by allowing it to pay interest on reserve balances. Together, the change and recent events in financial markets have renewed interest in the process of monetary policy implementation. This article presents a ...
Economic Quarterly , Volume 94 , Issue Sum , Pages 235-263

Journal Article
IRS consolidates Federal tax deposit service centers

Financial Update , Issue Jul , Pages 2

Working Paper
The Federal Reserve’s response to the financial crisis: what it did and what it should have done

This paper analyzes the Federal Reserve?s major policy actions in response to the financial crisis. The analysis is divided into the pre-Lehman and post-Lehman monetary policies. Specifically, I describe the pre- and post-Lehman monetary policy actions that I believe were appropriate and those that were not. I then describe the monetary policy actions the Fed should have taken and why those actions would have fostered better financial market and economic outcomes. Had these actions been taken, the Fed?s balance sheet would have returned to normal and the FOMC?s target for the federal funds ...
Working Papers , Paper 2012-050

Journal Article
Would banks buy daytime fed funds?

Economic Perspectives , Volume 11 , Issue May , Pages 36-43

Journal Article
Requirement adopted for notification of "off-line banks" of receipt of third-party funds on Fedwire

Federal Reserve Bulletin , Issue Dec

Speech
Regional economy and manufacturing update

Remarks at the Quarterly Regional Economic Press Briefing, New York City.
Speech , Paper 28

Journal Article
Twelve banks : the strength of the Federal Reserve

TEN , Issue Fall , Pages 1-5

Journal Article
Noteworthy : Beyond money and banking : how Federal Reserve banks can inform broader economic policies

Econ Focus , Volume 8 , Issue Spr , Pages 1

Journal Article
Curbing the boom

FRBSF Economic Letter

Journal Article
Large-dollar payment flows from New York

Quarterly Review , Volume 12 , Issue Win , Pages 6-13

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