Search Results

The FOMC in 1980: A Year of Reserve Targeting - Review

On October 6, 1979, the Federal Reserve announced the beginning of a new approach to the implementation of monetary policy it would attempt to achieve better control of the growth of the monetary aggregates by “placing greater emphasis in day-to-day operations on the supply of hank reserves and less emphasis on confining short-term fluctuations in the federal funds rate.” 

research.stlouisfed.org/.../review/1981/08/01/the-fomc-in-1980-a-year-of-reserve-targeting

The New Bank-Thrift Competition: Will It Affect Bank Acquisition and Merger Analysis? - Review

The Depository Institutions Deregulation and Monetary Control Act enacted by Congress in March 1930 will significantly affect the competitive environment in which financial institutions operate. This act broadens both the asset and liability powers of savings and loan associations, mutual savings banks, and credit unions, opening opportunities for these institutions that traditionally have been limited to banks. 

research.stlouisfed.org/.../

The New System of Contemporaneous Reserve Requirements - Review

The Board of Governors of the Federal Reserve System recently announced its decision to implement a version of contemporaneous reserve requirements that will become effective in February 1984. This article describes both the regime of lagged reserve requirements currently in effect and the new system of contemporaneous reserve requirements and explains why each feature of the new reserve accounting system was adopted.

research.stlouisfed.org/.../1982/12/01/the-new-system-of-contemporaneous-reserve-requirements

The Value-Added Tax—A Review of the Issues - Review

Recently many groups have called for major tax reform. These groups maintain the that the existing U.S. tax system has altered economic incentives and negatively influenced the performance of the economy.

research.stlouisfed.org/.../review/1980/01/01/the-value-added-tax8212a-review-of-the-issues