tailieunhanh - Thị trường tài chính và các định chế tài chính_ Chapter 04

Federal Reserve district banks There are 12 Federal Reserve district banks The NY bank is the most banks that become members of the Fed must purchase stock in their district banks. Pays a maximum dividend of 6% annually. Each district bank has nine directors. | Chapter 4 Functions of the Fed Financial Markets and Institutions, 7e, Jeff Madura Copyright ©2006 by South-Western, a division of Thomson Learning. All rights reserved. Chapter Outline Organization of the Fed Monetary policy tools Impact of technical factors on funds Fed control of the money supply Monetary Control Act of 1980 Global monetary policy Organization of the Fed The Fed has five major components: Federal Reserve district banks Member banks Board of Governors Federal Open Market Committee (FOMC) Advisory committees Organization of the Fed (cont’d) Federal Reserve district banks There are 12 Federal Reserve district banks The NY bank is the most important Commercial banks that become members of the Fed must purchase stock in their district banks Pays a maximum dividend of 6% annually Each district bank has nine directors Six elected by member banks; three appointed by the Board of Governors The nine directors appoint the president of the district bank District banks | Chapter 4 Functions of the Fed Financial Markets and Institutions, 7e, Jeff Madura Copyright ©2006 by South-Western, a division of Thomson Learning. All rights reserved. Chapter Outline Organization of the Fed Monetary policy tools Impact of technical factors on funds Fed control of the money supply Monetary Control Act of 1980 Global monetary policy Organization of the Fed The Fed has five major components: Federal Reserve district banks Member banks Board of Governors Federal Open Market Committee (FOMC) Advisory committees Organization of the Fed (cont’d) Federal Reserve district banks There are 12 Federal Reserve district banks The NY bank is the most important Commercial banks that become members of the Fed must purchase stock in their district banks Pays a maximum dividend of 6% annually Each district bank has nine directors Six elected by member banks; three appointed by the Board of Governors The nine directors appoint the president of the district bank District banks clear checks, replace old currency, provide loans to depository institutions, and conduct research Organization of the Fed (cont’d) Member banks All national banks are required to be members of the Fed State-chartered banks are not required to be members About 35% of all banks are members Organization of the Fed (cont’d) Board of Governors The Board of Governors consists of seven members Each member is appointed by the President of the . and confirmed by the Senate Members serve 14-year terms Reduces political pressure Terms are staggered so that one term expires in every even-numbered year Main roles: Regulate commercial banks Control monetary policy Organization of the Fed (cont’d) Federal Open Market Committee (FOMC) The FOMC consists of the seven members of the Board of Governors plus the presidents of five Fed district banks NY plus four others on a rotating basis Goals: promote high employment, economic growth, and price stability Achieved through control of the .

• Tài chính doanh nghiệp
• financial markets
• institutions FM&I
• tài chính
• thị trường tài chính
• Lecture Financial markets
• Financial futures markets
• Valuation of financial futures
• Interest rate futures
• Financial institutions
• Lecture Financial markets and institutions
• Financial institutions markets
• Capital markets
• Money markets
• Derivative securities markets
• Futures markets
• Option markets
• Swap markets
• Foreign exchange derivative markets
• Bank management
• Types of Financial Markets
• Securities traded
• Valuation of securities
• Money market yields
• Bond markets
• Municipal bonds
• Mortgage markets
• Primary mortgage market
• Stock markets
• Common stock
• Foreign exchange markets
• Foreign exchange
• Commercial banks
• Financial statements
• Risks at financial institutions
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• Economics 252
• Efficient markets
• Excess volatility
• Efficient Markets Hypothesis
• Interest rate derivative markets
• Interest rate swaps
• Mortgage backed securities
• Globalization of mortgage markets
• Financial markets and institutions
• The financial system
• Interest rates change
• Financial markets efficient
• Term structure affect interest rates
• The stock market
• The mortgage markets
• The international financial system
• Financial regulation
• Interest rate fundamentals
• Interest rates
• Security valuation