Federal Reserve Bank

Cold-hammering was used in the late Stone Age to produce plates of gold for ornamental purposes, and this metal has always been synonymous with beauty, wealth and power. Considerable quantities were accumulated by ancient peoples. The coffin of Tutankhamun (a minor Pharaoh who was only 18 when he died) contained no less than 112 kg of gold, and the legendary Aztec and Inca hoards in Mexico and Peru were a major reason for the Spanish conquests of Central and South America in the early sixteenth century. Today, the greatest hoard of gold is the 30000 tonnes of bullion (i.e. bars) lying in the vaults of the US Federal Reserve Bank... 

History of Paper Money. Federal Reserve Bank of San Francisco,... 

A Brief History of Our Nation s Paper Money. 1995 Annual Report, Federal Reserve Bank of San Francisco, http //www.frbsf.org/publications/federalreserve/annual/ 1995/history.html... 

This chapter is based on a presentation to the Dallas Federal Reserve Bank in April 2002. A similar version of the paper was published by Georgetown Public Policy Review and by the Dallas Fed in Science and Cents The Economics of Biotechnology. 

The Georgetown Public Policy Review, 8, 7-24, 2003 Science Cents Exploring the Economics of Biotechnology, in Proceedings of a Conference, 2002, Sponsored by the Federal Reserve Bank of Dallas, Ducca, J.V. and Yucel, M.K., Eds., Federal Reserve Bank of Dallas, 2003, pp. 87-104. 

Lichtenberg, Frank R. 2003c. The Benefits to Society of New Drugs A Survey of the Econometric Evidence. Proceedings of the Federal Reserve Bank of Dallas (September) 43-59. 

McGee, Robert T. 1986. The Cycle in Property/Casualty Insurance. Federal Reserve Bank of New York Quarterly Review 11 (Autumn) 22-30. 

Other elements, including copper and arsenic, were observed near the green Treasury Department and the black Federal Reserve Bank Seals on the front of the notes. These areas were measured carefully, rubbed, remeasured, and recorded. 

Arsenic appeared only on the Federal Reserve Bank Seal. Seals on 5, 10, and 50 denominations were not analyzed. 

Manganese was found in all green inks on the back of notes except for the 10 issue. It was found on the Treasury Department Seal and the Federal Reserve Bank Seal of the 10 issue. 

Table XV. Seals on Front Side of 10 Federal Reserve Note No. A 1313, Green Department of Treasury Seal No. 3 1315, Gauze Rubbing from Same No. 1314, Black Federal Reserve Bank Seal No. A 1316, Rubbing from Same...

Federal Reserve Bank of Minneapohs Research Department Staff Report 291,... 

Erdevig, E. The Bucks Stop Elsewhere The Midwest s Share of Federal R D. Federal Reserve Bank of Chicago Economic Perspectives,... 

Johnston, V., New Techniques, Monthly Rev, Federal Reserve Bank of... 

Discount Rate - The interest rate at which the Federal Reserve System stands ready to lend reserves to commercial banks. The rate is proposed by the 12 Federal Reserve banks and determined with the approval of the Board of Governors. 

Greenspan, A. (1999), Keynote Address, The American Economy in a World Context, in Proceedings of the 35th Annual Conference on Bank Structure and Competition (Chicago, May 6-7, 1999), Federal Reserve Bank of Chicago, Chicago. 

Meyer, L. H., Q A on the Economic Outlook and the ChtiUenges Facing Monetary Policy, Remarks before the PhUadephia Council for Business Economics, Federal Reserve Bank of Philadelphia, Philadelphia, 1999. 

Unfortunately, market risks have increased as the array of available investment instruments has broadened. For example, the Mexican peso crisis in 1994, the Asian currency debacle and recession beginning in 1997, the Russian debt default and the unprecedented hedge fund bail-out coordinated by the Federal Reserve Bank in 1998, and a 30% drop in the price of technology shares early in 2000 all had major repercussions for financial markets. Where is an investor to find solace in such an unfriendly and disturbing environment ... 

In the Svensson model, there are six coefficients Pq, fii, 2. 3. 1 and T2 that must be estimated. The model was adopted by central monetary authorities such as the Swedish Riksbank and the Bank of England (who subsequently adopted a modified version of this model, which we describe shortly, following the publication of the Waggoner paper by the Federal Reserve Bank of England). In their 1999 paper, Anderson and Sleath evaluate the two parametric techniques we have described, in an effort to improve their flexibUity, based on the spline methods presented by Fisher et al. (1995) and Waggoner (1997). 

Waggoner, D., 1996. The Robustness of Yield and Forward Rate Extraction Methods. Federal Reserve Bank of Atlanta, Atlanta, GA, Unpublished Working Paper. 

Working Paper, No. 97-10, Federal Reserve Bank of Atlanta. 

Wrase, J.M., 1997. Inflation-indexed bonds how do they work Federal Reserve Bank of Philadelphia. 

A.M. Malz, Interbank Interest Rates as Term Structure Indicators, Federal Reserve Bank of New York (March 1998). 

Waggoner, D. 1997. SpUne Methods for Extracting Interest Rate Curves From Coupon Bond Prices. Federal Reserve Bank of Atlanta Working Paper, 97—10. 

Once a bill is in circulation. Federal Reserve banks screen it using light to measure wear. If the bill gets too dirty, it is shredded and sent to a landfill. The average 1 bill stays in circulation for only 18 months. No wonder Congress decided in 1997 to revive the dollar coin by creating a new dollar coin to succeed the Susan B. Anthony dollar. 

Burtless, Gary. 1986. The Work Response to a Guaranteed Income A Survey of Experimental Evidence. In Alicia H. Munnell, ed.. Lessons from the Lncome Maintenance Experiments. Washington, DC Federal Reserve Bank of Boston and Brookings Institution. 

It was postulated that the technique probably wouldn t work on the recently discovered Supernote— a counterfeit 100 bill that had been missed by existing detection devices at all 12 federal reserve banks [7], Obtaining samples of these counterfeit 100 bills wasn t easy, but after several weeks of correspondence, 24 bogus bills became available at the local SS office. 

See, e.g., Roger W. Ferguson, Jr., Patent Policy in a Broader Context, Remarks at 2003 Financial Markets Conference of the Federal Reserve Bank of Atlanta (April 5, 2003), at http //www.federalreserve.gov/boarddocs/ speeches/2003/20030407/default.html... 

Accordino, J., Galster, G., Tatian, P. (2005). The impacts of targeted public and nonprofit investment on neighborhood development. Richmond, Virginia s Neighborhoods in Bloom Program Richmond, VA Community Affairs Office of the Federal Reserve Bank of Richmond. 

Late in October 1946 Truman selected William W. Waymack and Robert F. Bacher to round out the first Commission. Pulitzer Prize winner Way-mack was the editor of the Des Moines Register and Tribune and a director of the Federal Reserve Bank of Chicago. Bacher was the only scientist on the Commission. A highly respected physicist, he also had the strong endorsement of Bush. Bacher had worked at Los Alamos during the war years and had recently returned to his academic post at Cornell University. 

In April 1986, the Federal Reserve Bank of Cincinnati asks the National Institute for Occupational Safety and Health (NIOSH) to evaluate airborne lead at their indoor firing range. ... 

NIOSH investigators determined that a hazard from overexposure to lead existed at the Federal Reserve Bank s Indoor Firing Range at the time of the investigation. They recommended that jacketed bullets be used until the ventilation system could be repaired. 

You can buy savings bonds at banks, credit unions, and savings and loan companies. Five of the Federal Reserve Banks also sell savings bonds. The minimum investment is 25 and the maximum is 5,000 per bond. Face amounts available are 50, 75, 100, 200, 500, 1,000, 5,000, and 10,000. An investor is allowed to invest only 15,000 per year in savings bonds— which makes them an unattractive investment option for wealthy, sophisticated investors. 

Federal Reserve Note Note issued by Federal Reserve Banks to handle sudden increases in the demand for currency in a particular area. They are retired as soon as demand returns to a normal level. 

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