Explore the Federal Reserve's History
Near Failure of LTCM
A group of banks and brokerage firms prevented the collapse of this hedge fund in 1998
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William J. McDonough
A team from the New York Fed, led by William McDonough, facilitated the rescue of the hedge fund LTCM.
Learn about the people who helped shape the Federal Reserve.
PeopleThe Fed's Functions
Did you know that the Fed's responsibilities include conducting monetary policy, supervising and regulating and providing services to financial institutions?
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