| A | B |
|---|
| member bank | any bank that is part of the federal reserve system |
| District reserve bank | carry out banking functions for government offices in their area, examine member banks in their district, decide whether to loan bank funds, recommend interest rates, and implement policy decisions of the board of governors |
| federal funds rate | the rate at which banks borrow from eachother |
| Federal open Market Committee (FOMC) | makes discount rate decisions |
| Taylor Rule | provides ideas for how to use short-term interest rates to achieve the goals of a central bank |
| inflation | when rising prices decrease the value of money |
| adverse feedback loop | as the economy cools off, more and more workers are laid off, and the downward plunge picks up momentum |
| Truth in Lending Act | Title 1 of the consumer credit protection act guarantees that all information about costs of a loan |
| Equal Credit Opportunity Act | prohibit the use of race, color, religion, national origin, marital status, age, reciept or public assistance, or exercise of any consumer right against a lender as a factor in determining creditworthiness |
| Fair Credit Reporting Act | aims to protect the information that credit bureaus, medical information companies, and tenant screening services may collect. |
| Fair Debt Collection Practices Act | protects customers from unfair collection techniques |
| Government Accountability | the auditing arm of congress that helps ensure that federal laws and policies are implemented properly |
| charter | legal approval to operate a business as a bank |
| Call report | consolidated reports of condition and income |
| System to Estimate Examinations Ratings | an automated system that analyzes and compares historical supervisory ratings of banks with their call report data |
| CAMELS system | Capital adequacy, Asset adequacy, Management, Earnings, Liquidity, and Sensitivity |
| Strength of Support Assesement | reflects how well a foreign bank is able to provide appropriate guidance, oversight, and financial backing to its U.S. offices. |
| ROCA score | a composite score of performance in risk management, operational controls, compliance, and asset quality |
| fixed exchange rate | a monetary valuation of one country's currency is tied to the valuation of another country's currency |
| flexible exchange rate | enables currencies to fluctuate based on market conditions |
| balance of payments | record of all of the exchanges of goods and services that occur between two countries |
| Federal Reserve System Open Market Account | the account the fed maintains international reserves in is the... |
| U.S. Treasury Exchange Stabilization Fund | the account the treasury maintains international reserves is in... |
