FinanceAdvisor

Treasury Tax and Loan Service is a service offered by the Federal Reserve Banks of the United States that keeps tax receipts in the banking sector by depositing them into select banks that meet certain criteria. continued…

The Taylor rule is a modern monetary policy rule proposed by economist John B. Taylor that would stipulate exactly how much the Federal Reserve should change the interest rates in response to real divergences of real GDP from potential GDP and divergences of actual rates of inflation from a target rate of inflation. continued…

Primary dealers are banks or brokerage firms who may trade directly with the Federal Reserve System of the United States. They are required to make bids or offers when the Fed conducts open market operations, provide information to the Fed’s open market trading desk, and to actively participate in U.S. continued…

The People’s Bank of China (PBC) (Simplified Chinese: 中国人民银行, Traditional Chinese: 中國人民銀行; pinyin: Zhōngguó Rénmín Yínháng) (not to be confused with the Bank of China or the Central Bank of China) is the central bank of the People’s Republic of China with the power to control monetary policy and regulate financial institutions in mainland China. The current structure of the bank is modelled after the Federal Reserve System of the United States. continued…

National Monetary Commission was a study group created by the Aldrich Vreeland Act of 1908. After the Panic of 1897 American bankers turned to Europe for ideas on how to operate a central bank. Senator Nelson Aldrich, Republican leader of the Senate, personally led a team of experts to major European capitals. They were stunned to discover how much more efficient the Europeans were. Furthermore the pound, frank and mark were much more important in international trade than the dollar. continued…

The National Fed Challenge is an academic competition that provides high school students (grades 9-12) with an insider’s view of how the United States central bank, the Federal Reserve, makes monetary policy.

The Fed Challenge begins with regional and district rounds of competition. continued…

The National Economic Stabilization and Recovery Act (or NESARA) is a legislative proposal to reform the fiscal policy, monetary policy, and monetary system of the United States of America. NESARA has no support from current members of the United States Congress. NESARA was authored by Harvey F. Barnard to address the inefficiencies he saw in all three of these areas. As a proposal, NESARA competes as an alternative to other monetary and fiscal policy reform proposals such as the Monetary Reform Act, FairTax, flat tax, and the value added tax. NESARA has not been introduced in the Congress. continued…

The Mount Pony Federal Reserve Bunker was a high security storage facility that was operated by the Federal Reserve Board located in Culpeper, Virginia. The bunker, commissioned in December 1969, held billions of dollars in U.S. currency until 1988. It also served as a “continuity of government” facility, a back-up bunker for important figures of the government in the event of a nuclear war. continued…

The Monetary Policy Report to the Congress is a semi-annual report prepared by the Board of Governors of the Federal Reserve and presented to the Congress of the United States. The Chairman of the Board of Governors is called on to offer oral testimony about the report to the Committee on Banking, Housing, and Urban Affairs of the Senate and the Committee on Financial Services to the House of Representatives. continued…

Freiwirtschaft (German for free economy) is an economic idea founded by Silvio Gesell in 1916. He called it Natürliche Wirtschaftsordnung (natural economic order). His Idea has not been put into practice by any state since then.

Main differences to current economic systems: continued…