Reflections on Community Banking

Alfred Broaddus

Speech from Federal Reserve Bank of Richmond

Abstract: It is a pleasure to be with you today, and I thank you for inviting me. Community banks such as those you represent and the Federal Reserve System share a long and productive history providing stable and dependable financial services across America. I'd like to talk with you today about our continuing partnership and the future we both face. When the Fed opened for business in 1914, it began operations with several mandates: to foster a flow of money and credit that ensured orderly and stable economic growth; to act as fiscal agent for the U.S.; to issue Federal Reserve notes; to hold deposits of and make loans to member banks; to help supervise and regulate banks; and to provide various financial services that promoted an efficient payments system and helped banks serve their customers.

Date: 1997-08-01
References: Add references at CitEc
Citations:

Downloads: (external link)
https://www.richmondfed.org/press_room/speeches/j_ ... ddus_speech_19970801 Speech (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:fip:r00034:101487

Access Statistics for this paper

More papers in Speech from Federal Reserve Bank of Richmond Contact information at EDIRC.
Bibliographic data for series maintained by Matt Myers ().