Federal Reserve Board

242 results about this entity

Period: 17 Feb 2006 - 26 Jul 2024

St Louis Fed research calls for central bank electronic money

Central bank cryptocurrencies are a bad idea but central bank electronic money could have big benefits, improving financial stability, simplifying monetary policy and reducing the reliance on cash, say researchers at the Federal Reserve Bank of St Louis.

Fed's Secure Payments Task Force concludes

The Secure Payments Task Force will conclude its efforts in March with a final publication consisting of a collection of educational materials outlining the lifecycles and security profiles of today's primary payment methods, the Federal Reserve announced on Thursday.

Fed Reserve Board adds interactive data tools for financial accounts of the US to website

The Federal Reserve Board on Thursday added three new tools to its web site to provide interactive access to data from the Board's Financial Accounts of the United States (Z.1) release, which tracks the aggregate wealth of U.S. households and other economic sectors.

Mobile banking ubiquitous in US; payments lagging well behind

US consumers may have switched on to mobile banking in droves, but the adoption rate for device-based payments continues to be dogged by security and privacy fears according to new data from the Federal reserve.

Federal Reserve System appoints new payments security strategy leader

The Federal Reserve System today announced the appointment of its payments security strategy leader, Kenneth Montgomery, the first vice president and chief operating officer of the Federal Reserve Bank of Boston.

Fed names Kenneth Montgomery payments security strategy leader

The Federal Reserve System today announced the appointment of its payments security strategy leader, Kenneth Montgomery, the first vice president and chief operating officer of the Federal Reserve Bank of Boston.

Demand for cash shows no sign of diminishing

Despite the explosion of technology in the payments sector, demand for notes and coins continues to match or outpace GDP in all major economies bar Noway and Sweden, according to a report produced by the San Francisco Federal Reserve.

Cleveland Fed report comparing P2P lending to subprime mortgages removed for revision

A Federal Reserve Bank of Cleveland report which compared the peer-to-peer lending industry to the subprime mortgage market has been temporarily taken offline after questions were raised about the underlying data set.

Speech: Fed Reserve governor Lael Brainard on where consumers fit in the fintech stack

The new generation of fintech tools offers the potential to help consumers manage their increasingly complicated financial lives, but also poses risks that will need to be managed as the marketplace matures.1

Fed names governance team for instant payments

The Federal Reserve, on behalf of the Governance Framework Formation Team, announced the 27 members of the collaborative industry short-term work group that will focus on developing a governance framework for faster payments in the United States.

Fed fines HSBC $175 for chatroom chatter

The Federal Reserve Board on Friday announced that it has fined HSBC Holdings plc, London, United Kingdom, and HSBC North America Holdings Inc., New York, New York, $175 million for the firm's unsafe and unsound practices in its foreign exchange (FX) trading business.

Fed sets out next next steps for payment system overhaul

The Federal Reserve today published, Strategies for Improving the U.S. Payment System: Federal Reserve Next Steps in the Payments Improvement Journey, a paper identifying updated tactics it will pursue to help improve the speed, safety and efficiency of the U.S. payment system.