Federal Reserve

Central banking system of the US

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June 9 2025 Sarah Bloom Raskin scheduled to become Vice Chair for Supervision, serving from June 9, 2025.
2025 Michelle Bowman confirmed as Vice Chair for Supervision by a Senate vote of 48-46.
June 4 2025 Michelle Bowman begins her term as Vice Chair for Supervision, originally appointed by President Donald Trump.
2025 Simone Lagomarsino's term as Class A director of the Federal Reserve Bank of San Francisco is set to expire.
2025 Mario Cordero's term as Executive Director on the Class C Board of Directors of the Federal Reserve Bank of San Francisco is set to expire.
2025 Maritza Diaz's term as Class B director of the Federal Reserve Bank of San Francisco is set to expire.
March 2025 Michelle Bowman's term as Board of Governors member is pending for St. Louis Regional Bank as of March 2025.
February 28 2025 Michael Barr's term as Vice Chair for Supervision ends.
February 28 2025 Michael Barr resigned from the position of Vice Chair for Supervision, leaving the position vacant.
February 25 2025 The Federal Reserve publishes a weekly 'Consolidated Statement of Condition of All Federal Reserve Banks', detailing the financial condition of Federal Reserve banks and transferring excess earnings to the Treasury as interest on Federal Reserve notes.
2024 David P. White's term as Chair of the Class C Board of Directors of the Federal Reserve Bank of San Francisco is set to expire.
2024 Clint E. Stein's term as Class A director of the Federal Reserve Bank of San Francisco is set to expire.
2023 Kelly Dubbert serves as Acting President of the Federal Reserve Bank of Kansas City after Esther George's departure.
2023 Patrick A. Dujakovich becomes Chair of the Federal Reserve Bank of Kansas City, representing the Greater Kansas City AFL-CIO and based in Kansas City, Missouri
2023 Jeffrey Schmid becomes President of the Federal Reserve Bank of Kansas City, succeeding Kelly Dubbert.
2023 Reported a net negative income of $114.3 billion, creating a deferred asset liability of $133.3 billion on its balance sheet
September 13 2023 Philip Jefferson was sworn in as Vice Chair of the Board of Governors of the Federal Reserve System.
2022 The Federal Reserve started quantitative tightening (QT), selling assets and incurring losses in the secondary bond market, which is expected to discontinue its annual remittance payments to the Treasury.
2022 Started quantitative tightening (QT), selling assets and experiencing losses in the secondary bond market
2022 Diane C. Swonk, chief economist and advisor to the Federal Reserve, made a notable statement comparing inflation to cancer, emphasizing the importance of addressing economic challenges proactively to prevent long-term economic damage.
July 19 2022 Michael Barr begins his term as Vice Chair for Supervision, appointed by President Joe Biden.
May 23 2022 Lael Brainard is appointed Vice Chair by President Joe Biden.
May 23 2022 Jerome Powell was sworn in for a second term as Chair of the Federal Reserve, after being nominated by President Joe Biden and confirmed by the Senate.
2021 The Federal Reserve explicitly explained its implementation of monetary policy, detailing how changes in the federal funds rate target can influence overall financial conditions, including interest rates, asset prices, and currency exchange rates.
October 13 2021 Randy Quarles completes his four-year term as Vice Chair for Supervision.
March 31 2021 The Primary Dealer Credit Facility (PDCF) ceased extending credit, marking the end of this overnight loan facility that provided funding to primary dealers during its operational period.
2020 Bureau of Engraving and Printing delivered 57.95 billion currency notes at an average cost of 7.4 cents per note during the Fiscal Year.
2020 The Federal Reserve earned approximately $88.6 billion with remittances to the U.S. Treasury of $86.9 billion.
March 2020 The Federal Reserve set the reserve requirement to zero for all banks, effectively eliminating the longstanding requirement for banks to hold reserves, marking a significant change in monetary policy tools.
2018 John C. Williams concluded his presidency at the San Francisco Fed and moved to become President of the Federal Reserve Bank of New York and Vice Chairman of the Federal Open Market Committee.
2018 Jerome (Jay) Powell becomes Chair of the Federal Reserve Board of Governors, appointed by President Trump.
October 1 2018 Mary C. Daly becomes President of the Federal Reserve Bank of San Francisco, continuing to serve as of the current date.
September 17 2018 Richard Clarida is appointed Vice Chair during Donald Trump's presidency.
2017 Sarah Binder & Mark Spindel published 'The Myth of Independence: How Congress Governs the Federal Reserve', analyzing the relationship between Congress and the Federal Reserve.
November 2 2017 Jerome Powell was nominated by President Donald Trump to serve as Chair of the Federal Reserve.
October 13 2017 Randy Quarles begins his term as the first Vice Chair for Supervision, appointed by President Donald Trump.
2016 Peter Conti-Brown published 'The Power and Independence of the Federal Reserve', exploring the institution's governance.
2015 The Federal Reserve earned a net income of $100.2 billion and transferred $97.7 billion to the U.S. Treasury.
July 2015 President Obama nominated University of Michigan economist Kathryn M. Dominguez to fill a vacancy on the Federal Reserve Board.
January 2015 President Obama nominated Allan R. Landon, former president and CEO of the Bank of Hawaii, to the Federal Reserve Board.
2014 Janet Yellen becomes the first woman to serve as Chair of the Federal Reserve Board of Governors, appointed by President Obama.
June 16 2014 Stan Fischer is appointed Vice Chair.
April 2014 Jeremy C. Stein announced he was leaving the Federal Reserve Board to return to Harvard on May 28, with four years remaining on his term.
March 2014 At the end of the first quarter, the Federal Reserve's Flow of Funds report revealed the net worth of U.S. households and nonprofit organizations had increased to $95.5 trillion.
2013 Kathryn C. Lavelle published 'Money and Banks in the American Political System', explaining the political processes surrounding the Federal Reserve.
September 2012 At the end of the third quarter, the Federal Reserve published the Flow of Funds report showing the net worth of U.S. households and nonprofit organizations was $64.8 trillion.
May 2012 Senate leaders reached a deal, allowing affirmative votes on Jeremy C. Stein and Jerome Powell, bringing the board to full strength for the first time since 2006.
2011 Esther George assumes the role of President of the Federal Reserve Bank of Kansas City, replacing Thomas M. Hoenig.
December 2011 President Barack Obama nominated Jeremy C. Stein, a Harvard University finance professor, and Jerome Powell to the Federal Reserve Board of Governors.
September 2011 Janet Yellen and Sarah Bloom Raskin were confirmed to the Federal Reserve Board of Governors.

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This contents of the box above is based on material from the Wikipedia articles Federal Reserve, Federal Reserve Bank of San Francisco, Vice Chair of the Federal Reserve, Federal Reserve Board of Governors, Federal Reserve Bank of Kansas City & Chair of the Federal Reserve, which are released under the Creative Commons Attribution-ShareAlike 4.0 International License.

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