- published: 10 May 2015
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The Federal Reserve System—also known as the Federal Reserve or simply as the Fed—is the central banking system of the United States. It was created on December 23, 1913, with the enactment of the Federal Reserve Act, largely in response to a series of financial panics, particularly a severe panic in 1907. Over time, the roles and responsibilities of the Federal Reserve System have expanded, and its structure has evolved. Events such as the Great Depression in the 1930s were major factors leading to changes in the system.
The U.S. Congress established three key objectives for monetary policy in the Federal Reserve Act: maximizing employment, stabilizing prices, and moderating long-term interest rates. The first two objectives are sometimes referred to as the Federal Reserve's dual mandate. Its duties have expanded over the years, and as of 2009 also include supervising and regulating banks, maintaining the stability of the financial system and providing financial services to depository institutions, the U.S. government, and foreign official institutions. The Fed conducts research into the economy and releases numerous publications, such as the Beige Book.
The Federal Bank Limited is a major Indian commercial bank in the private sector, headquartered at Aluva, Kochi, Kerala. As on 19 October 2015, Federal Bank has 1251 branches spread across 24 states and 1526 ATMs across the country. Its balance-sheet stood at Rs 1.03 trillion as of end March 2014 and its net profit stood at Rs 1000 crore for the full fiscal year.
In 1931, Travancore Federal Bank began operations at Pattamukkil Varattisseril house near Nedumpuram, near Thiruvalla, Kerala. The home functioned as the bank office for nearly 15 years. The 14 founders included Pattamukkil Varattisseril Oommen Varghese, his brothers Oommen Chacko, Oommen Kurian, and Oommen George, and Kavumbhagam Mundapallil Lukose. Oommen Varghese was the chairman and Oommen Chacko was the manager. After the bank had functioned for nearly 10 years, the bank's day-to-day operations had to be stopped due to Oomen Chacko's ill-health.
A lawyer from Perumbavoor named K.P.Hormis, and his acquaintances, bought the bank and took over the management. In 1945 they moved the bank's registered office to Aluva and Hormis became the Managing Director. In 1947, the bank's name was shortened from Travancore Federal Bank to Federal Bank.
Federal or foederal (archaic) may refer to:
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TRANSCRIPT AND RESOURCES: http://www.corbettreport.com/federalreserve What is the Federal Reserve system? How did it come into existence? Is it part of the federal government? How does it create money? Why is the public kept in the dark about these important matters? In this feature-length documentary film, The Corbett Report explores these important question and pulls back the curtain on America's central bank.
FIRST LOOK Inside the FEDERAL RESERVE, USD, CASH, GOLD monetary SYSTEM - Americas Money Vault, National Geographic Full Episode PART 1 For the first time, National Geographic takes you inside the heart of the money machine to places that you're not allowed to bring a camera ...straight into the vaults of some of the world's largest stashes of what you want, need and bust your butt to get: Money. Hidden deep under the streets of New York City, hundreds of billion dollars in gold bars are tucked away in a bunker that is anchored to the bedrock of Manhattan Island itself. In the latest in a string of high-profile hacking disclosures, the Federal Reserve confirmed on Wednesday that one of its websites was broken into by cyber hackers in a breach that reportedly leaked the contact informatio...
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An Entertaining but hard hitting look at how the problems we have today are nothing new,and why leaders throughout our history have warned us and fought against the current type of financial system we have in America Today.(Subtitles/Other Languages at this Link) http://www.youtube.com/playlist?list=PLEA94C43FDDAFACB8 (SUPREME MASTER LEADER EXPLAINED AT THIS LINK) http://www.theamericandreamfilm.com/the-cast/supreme-master-leader.php (DVD's Available at http://www.theamericandreamfilm.com/ All of us Americans strive for the American Dream,and this film shows you why your dream is getting farther and farther away.Do you know how your money is created?Or how banking works?Why did housing prices skyrocket and then plunge?Do you really know what the Federal Reserve System is and how it aff...
A Corporate Video for Federal Bank produced by MadGenius Productions Pvt. Ltd. Directed by Antony Mangaly Shot by Anirudh Edited by Midhun Murali For further inquiries contact madnessmeetsmethod@gmail.com
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The Titanic (Olympic) was deleberly sunk to drown the opposition to the federal reserve in 1912 and on 1913 the federal reserve was created and than in 1914 world war 1 started financed in both sides by this federal bank by making mony out of thin air in order to build a new world order for jewish supremacy
Charles Evans President and CEO, Federal Reserve Bank of Chicago March 22, 2016