tailieunhanh - Lecture Introduction to finance: Markets, investments, and financial management (14th edition): Chapter 4 - Melicher, Norton

Chapter 4 - Federal reserve system. This chapter includes contents: Identify three weaknesses of the national banking system that existed before the federal reserve system, describe federal reserve membership in terms of who must join and who may join, describe the composition of the fed board of governors,. | Chapter 4 Federal Reserve System © 2011 John Wiley and Sons Chapter Outcomes Identify three weaknesses of the national banking system that existed before the Federal Reserve System Describe Federal Reserve membership in terms of who must join and who may join Describe the composition of the Fed Board of Governors Chapter Outcomes (Continued) Discuss how the Fed uses reserve requirements to carry out monetary policy Discuss how discount rate policy is employed by the Fed Describe the Fed’s use of open-market operations to alter bank reserves Chapter Outcomes (Continued) Describe the ways in which the Reserve Banks accommodate the clearance and collection of checks Discuss structural characteristics of central banks located in selected foreign countries . Banking System Prior to the Fed NATIONAL BANKING SYSTEM: Established when National Banking Acts were passed in 1963 and 1964 WEAKNESSES OF THE SYSTEM: -Inefficient payments system -Money supply “inelastic” or “inflexible” to demand changes -Liquidity problems due to inefficient lending/borrowing mechanism Two Important Definitions CENTRAL BANK: Federal government agency that facilitates operation of the financial system and regulates money supply growth FEDERAL RESERVE SYSTEM (Fed): . central bank that sets monetary policy and regulates banking system Structure of the Federal Reserve System The Fed System consists of five components: Member Banks Federal Reserve District Banks Board of Governors Federal Open Market Committee Advisory Committees Member Banks All national banks must be members of the Fed State-chartered banks are permitted to join the Fed system All member banks must purchase capital stock of the Reserve Bank of their district up to a maximum of 6% About one-third of commercial banks are members of the Fed Member banks hold about three-fourths of the deposits of all commercial banks Member Banks and Other Depository Institutions Monetary Control Act of 1980: . | Chapter 4 Federal Reserve System © 2011 John Wiley and Sons Chapter Outcomes Identify three weaknesses of the national banking system that existed before the Federal Reserve System Describe Federal Reserve membership in terms of who must join and who may join Describe the composition of the Fed Board of Governors Chapter Outcomes (Continued) Discuss how the Fed uses reserve requirements to carry out monetary policy Discuss how discount rate policy is employed by the Fed Describe the Fed’s use of open-market operations to alter bank reserves Chapter Outcomes (Continued) Describe the ways in which the Reserve Banks accommodate the clearance and collection of checks Discuss structural characteristics of central banks located in selected foreign countries . Banking System Prior to the Fed NATIONAL BANKING SYSTEM: Established when National Banking Acts were passed in 1963 and 1964 WEAKNESSES OF THE SYSTEM: -Inefficient payments system -Money supply “inelastic” or .

• Tài chính doanh nghiệp
• Financial analysis
• Financial management
• Lecture Introduction to finance
• Financial markets
• Federal reserve system
• Federal reserve district banks
• International financial statement
• Financial statement
• International financial statement analysis
• Financial statement analysis
• Financial reporting
• Financial analysis techniques
• Financial information
• Liquidity analysis
• Trend statements
• Financial reporting mechanics
• Financial reporting quality
• Financial decisions
• Lecture Financial statement analysis
• Business analysis
• Financial statement analysis techniques
• Efficient market
• Personal financial planning
• Personal financial
• Lecture Personal financial planning
• Financial planning
• Financial statements analysis
• Financial statements
• Fundamentals of financial management
• Common size analysis
• Financial ratio
• Statement analysis
• Supplementary information
• Income statements
• Balance sheets
• Cash flow statements
• Inventory valuation methods
• Long lived assets
• Noncurrent liabilities
• Credit quality
• Income taxes
• Postemployment benefit plans
• Intercorporate investments
• Multinational operations
• Evaluating quality
• Operating activities
• Forecasting financial statements
• Financial statement analysis package
• Preparing a term project
• Accounting information
• Analysis environment