Sunday, December 21, 2014 7:35 PM EST

Federal Reserve

The Federal Reserve System (also known as the Federal Reserve, and informally as the Fed) is the central banking system of the United States. It was created in 1913, with the enactment of the Federal Reserve Act, and was largely a response to prior financial panics and bank runs, the most severe of which being the Panic of 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 were some of the major factors leading to changes in the system.

Headlines Around the Web

FIIs pour in over Rs 1,000 crore in equities

Jan 05 - The Times of India

EM bond sales hit record high

Jan 03 - Financial Times

Articles About Federal Reserve

Actor Matt Bomer poses with his Best Supporting Actor in a Movie or Mini-Series award for "The Normal Heart"
'White Collar' Review: Series Finale Ended On A Perfect Note, With Neal Caffrey Pulling Off His Last, Greatest Con

By IBTimes AU

"White Collar" Season 6, which is the season, ended on a perfect note. (Dec 20)

MORE TOPICS: FBI

Actor Matt Bomer poses with his Best Supporting Actor in a Movie or Mini-Series award for "The Normal Heart"
‘White Collar’ RECAP Final Episode: Neal’s Death -- His Greatest Con To Get His Freedom

By IBTimes AU

RECAP of "White Collar" series finale. The episode 6 of Season 6 ends with Neal's freedom. (Dec 19)

MORE TOPICS: FBI

New Zealand Dollar
New Zealand's Economy Soaring High As Kiwi Moves Close to Parity With Australian Dollar

By IBTimes AU

New Zealand's economy is growing faster than expected with the Kiwi moving closer to parity with the Australian currency. (Dec 19)

MORE TOPICS: GDP, AUSTRALIA, INVESTMENT

A screen displays news on the Dow Jones Industrial Average just after the opening bell on the floor of the New York Stock Exchange October 15, 2014. U.S. stocks opened sharply lower on Wednesday as economic data reinforced concerns about the health of the
Australian Stock Market Report – Morning December 19, 2014

By Comsec

In US economic data, the Conference Board's Leading Economic Indicators Index rose by 0.6% in November after a similar lift in October. The index is up 6.1% on a year ago. The Philadelphia Fed Index fell from the outsized 40.8 gain in November to 24.5 in December. (Dec 19)

MORE TOPICS: GOLD, DOW JONES, FTSE, TWITTER, FACEBOOK, ORACLE

New York Stock Exchange
Australian Stock Market Report –Afternoon December 18, 2014

By Comsec

The local sharemarket has finished firmly in the black, following a strong lead from European and US markets. The S&P 500 enjoyed its best one day gain in a year, after the US Federal Reserve signalled it was on track to raise interest rates next year - reinforcing the strength of the US economy. (Dec 18)

MORE TOPICS: TWITTER, FACEBOOK

An office worker talks on his phone as he looks the stock board at the Australian Securities Exchange (ASX) building in central Sydney June 15, 2012. Asian shares edged up on Friday, and the euro held most of the previous session's gains, as nervous inves
Australian Stock Market Report – Midday December 18, 2014

By Comsec

The Australian share market opened the session with a solid gain for the second consecutive session on the Thursday. The strong tone for the first half of the session came in the wake of similar gains for US and European markets in the last 12 hours. (Dec 18)

MORE TOPICS: DOW JONES, HSBC, FTSE, CRUDE OIL, MANUFACTURING, TWITTER

Actor Matt Bomer poses with his Best Supporting Actor in a Movie or Mini-Series award for "The Normal Heart"
'White Collar' Final Episode Spoilers: Matt Bomer, Tim DeKay Reveal Details About Episode 6, 'Au Revoir' [VIDEO]

By IBTimes AU

Neal, Mozzie and Keller plan the final con. (Dec 18)

MORE TOPICS: FBI

Retailer
Australian Stock Market Report – Morning December 18, 2014

By Comsec

In US economic data, consumer prices fell 0.3% in November - marking the largest decline since December 2008. Annual growth eased from 1.7% to 1. The fall in gasoline prices (down 6.6% in November) was the biggest driver. Core CPI (ex food and energy) lifted up 0.1% in November to be up 1. (Dec 18)

MORE TOPICS: GOLD, UNEMPLOYMENT, DOW JONES, FTSE, TWITTER, FACEBOOK

The stock board at the Australian Securities Exchange (ASX) is seen in central Sydney November 6, 2008. Australian shares fell 3.8 percent on Thursday, driven down by miners such as BHP Billiton Ltd, after U.S. economic data stoked fears of a prolonged sl
Australian Stock Market Report – Afternoon December 17, 2014

By Comsec

The Australian share market has ended a 6 session losing streak on Thursday with a gain of 9.6 points. The ASX 200 trade through a range of 41 points from low to high. The market was down 2 points at its worst levels and up 39 points at its best. (Dec 17)

MORE TOPICS: GOLD, TWITTER, FACEBOOK, GOLD PRICES, COURT, AUSTRALIA

Today's Ordinaries Index curve is seen at the Australian Securities Exchange (ASX) in central Sydney August 23, 2010. Australian financial markets bet on Monday that inconclusive weekend elections would deliver a change of government, ushering in a new mi
Australian Stock Market Report – Midday December 17, 2014

By Comsec

Buyers have made a rare impression on the ASX 200 in early trade on Wednesday. After 6 consecutive sessions of losses the share market has spent the morning in positive territory, having opened with a small loss of 2 points, before moving on to a gain of 33 points at session highs. (Dec 17)

MORE TOPICS: GOLD, DOW JONES, FTSE, TWITTER, FACEBOOK, AUSTRALIA