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Enough gold and silver to keep
2007,8,9 and in 2020
Lowering the fed fund target rate to 0%, Buying treasure securities in 2007,8,9 buying mortgage related secruties, take on risks for loans as last lender that would be consider too risky for most loan lenders the allows fed to absorb this risk that (financial?) markets would have had to take(absorb?) offer an example maybe
Pile/Dumped money in the system, lots of liquidity in the system so system doesn't fail
2007,8,9 lend to bhc, bank holding company, needed to be a last ditch lender so bad that any one (companies) was a bhc
Nationwide payment system
Needed to clearing checks from all across the country before the physical check had to be transported both ways to and from
that was then and how we have ACH, Automatic Clearing House, for electronic deposits is now just near instant whereas pre 1960s the fastest a payment could clear(?) on a checking account.
Bank regulation: Transfer funds over wires, telegrams over morse code developed over time, reserve requirement oversight (management) [one of the biggest ways it is till influenced in current economy, there is an article on it capital reserves]
“Federal Reserve Act.” Board of Governors of the Federal Reserve System, Board of Governors of the Federal Reserve System, 10 Mar. 2017, www.federalreserve.gov/aboutthefed/fract.htm.
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