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Federal Reserve Act of 1913 |
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Federal Reserve Act of 1913Federal legislation that established the Federal Reserve System.Federal Reserve Act of 1913 Similar MatchesFederal Intermediate Credit BankFederal Intermediate Credit BankA bank sponsored by the federal government to provide funds to institutions making loans to farmers. Federal National Mortgage Association (FannieMae)Federal National Mortgage Association (FannieMae)A publicly owned, government-sponsored corporation chartered in 1938 to purchase mortgages from lenders and resell them to investors. Known by the nickname Fannie Mae, it packages mortgages backed by the Federal Housing Administration, but also sells some nongovernment-backed mortgages. Federal funds rateFederal funds rateThe interest rate that banks with excess reserves at a Federal Reserve district bank charge other banks that need overnight loans. The Fed funds rate, as it is called, often points to the direction of US interest rates. The most sensitive indicator of the direction of interest rates, since it is set daily by the market, unlike the prime rate and the discount rate. Federal Home Loan BanksFederal Home Loan BanksBanks created under the Federal Home Loan Bank Act of 1932, in order to keep a permanent supply of money available for home financing. The banks are controlled by the Federal Home Loan Bank Board. Savings and loans, insurance companies, and other similar companies making long term mortgage loans may become members of the Federal Home Loan Bank System, and thus may borrow from one of the regional banks throughout the country. Federal Reserve notesFederal Reserve notesIssues by the US government to the public through the Federal Reserve Banks and their member banks. They represent money owed by the government to the public. Currently, the item "Federal Reserve notes amounts outstanding" consists of new series issues. The Federal Reserve note is the only class of currency currently issued. Further SuggestionsFederal Home Loan BanksFederal Housing Finance Board (FHFB) Federal Financing Bank Federal Agricultural Mortgage Corporation (Farmer Mac) Federal Open Market Committee (FOMC) Off budget Federal entities federal agency security Federal Reserve District (Reserve district or district) Federal Farm Credit System Federal credit agencies US Federal Reserve Federal funds rate Federal gift tax Federal National Mortgage Association Board of Governors of the Federal Reserve System Federal Reserve System Federal Reserve Board Federal Reserve System Federal deficit (surplus) Federal Housing Administration (FHA) FHA (Federal Housing Admininistration) Federal Savings and Loan Association Federal Deposit Insurance Corporation (fdic) Federal Deposit Insurance Corporation (FDIC) Federal Deposit Insurance Corporation |
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