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• The Next Discount Rate Change by Steven M. Morris

  ARTICLE SYNOPSIS ...Here's a review of the changes in the discount rate, and the implications for investors. The Federal Reserve Act of 1913, modified by the banking acts of 1933 and 1935, created the Federal Reserve System, the central bank of the United States. The responsibilities of the Fed, as it is commonly known, falls into four categories. The Fed supervises and regulates the banks to ensure the safety and financial soundness of the country's banking system. It maintains the stability of the financial system and contains any systematic risk that may arise in the financial markets. It provides financial ...

AUTHOR: Steven M. MorrisDATE: OCT 1998SUBJECT: Basic Techniques