The Federal Reserve monitors financial system risks and engages at home and abroad to help ensure the system supports a healthy economy for U.S. households, communities, and businesses.
A group of banks and brokerage firms prevented the collapse of this hedge fund in 1998
The phrase “too big to fail” became commonly used for the first time after Continental’s crisis
The 1980 Act was one of the most important laws to affect the Fed in its 100-year history
The 1980s was a period of distress for the financial sector, especially savings and loans
The Emergency Relief and Construction Act of 1932 expanded the Fed's ability to make certain loans under "unusual and exigent circumstances."