Remarks at the World Affairs Council of Jacksonville, Jacksonville, Florida, September 10, 2009

Given at the "Dialogue with the Fed: Beyond Today's Financial Headlines" discussion, St. Louis.

Remarks at the World Affairs Council of Jacksonville, Jacksonville, Florida, September 10, 2009

Remarks at the Quarterly Regional Economic Press Briefing, New York City.

During the 1970's short-term interest rates have exhibited extreme variability by recent historical standards.

The monetary and payment system consequences of the September 11, 2001, terrorist attacks are reviewed and compared to selected U.S. banking crises. Interbank payment disruptions appear to be the central feature of all the crises reviewed. For some the initial trigger is a credit shock, while...

In addition to its central banking responsibilities, the Federal Reserve System also plays an important role in correspondent banking. The twelve Federal Reserve banks supply services, including check collection, wire transfer of funds, provision of currency and coin, and safekeeping of...