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Essay On Federal Reserve Act 1913

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Federal Reserve Act 1913 The Federal Reserve Act of 1913 was formed the Federal Reserve System with a view to provide a safer, flexible, risk free and more stable and sound monetary and financial system to the country. The main function of the Federal Reserve in accomplishing this objective is to regulate and control various financial institutions. It achieves this goal through micro prudential regulation and monitoring of banks; holding companies and their subsidiaries; and other financial companies including non- banking financial institutions .Off-Site Monitoring in its ongoing off-site supervision of banks and holding companies, the Federal Reserve uses automated systems to, actively identify the institutions with poor or weakened financial …show more content…

trade and investments, and these U.S. banking organizations can be competitive with the host country institutions with the safety and soundness of their operations. The Federal Reserve tests the international operations of state banks, and agreement corporations, mostly at the U.S. head offices of these institutions., the Federal Reserve conducts examinations at the foreign operations of a U.S. banking organization with a view to determine the correctness of financial and operational information kept at the head office at the proper time, and to test whether the organization is safe and maintain sound banking practices and also to assess the efforts to adopt remedial …show more content…

The OCC and other federal bank and thrift regulatory agencies use the uniform interagency rating systems adopted by the Federal Financial Institutions Examination Council (FFIEC) to assign ratings to an institution. A bank composite rating under (UFIRS) integrates ratings from its component areas: Capital adequacy, Asset quality, Management ability, Earnings quality, Liquidity management, and Sensitivity to market risk. Determination of the component that takes into consideration the bank’s size, capital base , nature, complexity and its risk profile. Composite ratings are range from 1 to 5. A rating 1 indicates the highest rating that requires the least supervisory control, also indicating the highly satisfactory performance and risk management practices of the bank relating to the bank’s size, nature complex, and risk profile. Whereas the rating 5 is the lowest rating that requires the highest supervisory control and also indicating the critically deficient level of Bank Supervision Process Comptroller’s Handbook performance and insufficient risk management methods relative to the institution’s size, nature , complexity, and risk profile. Specialty Area Ratings are assigned for the specialty areas

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