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No, the federal reserve does not set the poverty threshold in the United States. The poverty threshold is set by the U.S. Department of Health and Human Services based on statistics gathered from many of their departments.
Wiki User
∙ 9y ago
Wiki User
∙ 9y agoThe US Department of Health and Human Services determines what the poverty threshold is for the US. The amount takes into consideration the size of your family.
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In The Recent Past The Federal Reserve Has Set The Discount Rate?
above the federal funds rate
In the event of a national emergency the Federal Reserve System can do which three things?
-expand credit -set reserve limits -manage the money supply
The percentage of deposits that banks must set aside either in their vaults or in their Federal Reserve district bank?
Reserves
Does the Federal Reserve print money?
Yes the federal Reserve, created in 1913, prints all US currency and coins. Every US dollar in circulation is printed as federal reserve notes which can be seen at the top of every US dollar. The US Treasury is obligated to print money at the demand of the Federal Reserve. When the government needs money, it gives US Treasury bonds to the Federal Reserve and in return, the federal reserve sells the government federal reserve notes with interest. How does the federal Reserve get these Federal Reserve notes? The US Treasury prints them out for the Federal Reserve electronically. These US Treasury bonds are than sold to very wealthy individuals and privant banks.According to the US code-section 411," Federal reserve notes, to be issued at the discretion of the Board of Governors of the Federal Reserve System for the purpose ofmaking advances to Federal reserve banks through the Federal reserve agents as hereinafter set forth and for no other purpose,are authorized. The said notes shall be obligations of the United States and shall be receivable by all national and member banks and Federal reserve banks and for all taxes, customs, and other publicdues. They shall be redeemed in lawful money on demand at the Treasury Department of the United States, in the city of Washington, District of Columbia, or at any Federal Reserve bank." (http://codes.lp.findlaw.com/uscode/12/3/XII/411)
Has the Federal Reserve increased the rates for small business loans, and if so by how much?
The Federal Reserve does not set the rates for small business loans. They set the Federal Discount Rate-- the rate at which banks may borrow directly from the Fed. Since this is the rate at which banks borrow their money, they always charge more than this rate for loans. SBA.gov administers Federally Backed small business loans.
What is the function of the Federal Reserve Bank?
The function of the Federal Reserve Bank is responsible for carrying out monetary policy as set by the Federal Open Market Committee. They are 12 Reserve banks
In the recent past the Federal Reserve has set the discount rate .?
above the federal funds rate
In The Recent Past The Federal Reserve Has Set The Discount Rate?
above the federal funds rate
Purpose of the legal reserve?
The legal reserve is designated as the set amount of federal deposits utilized as safe and secure assets created to meet liquidity requirements for the U.S. Federal Bank.
What are the responsibilty of federal reserve system?
The Federal Reserve is the central banking system of the United States. It was created in the year 1913. Ben Bernanke is the chairman of the Federal Reserve. He has been the chairman since 2006. Before him, Alan Greenspan was the chairman of the Federal Reserve. The United States Government owns the Federal Reserve. They set policies like: 1. Minimum Deposit Rates 2. Loan Rates 3. Cash Reserve Ratio and other regulatory ratios 4. etc
In the event of a national emergency the Federal Reserve System can do which three things?
-expand credit -set reserve limits -manage the money supply
Federal Reserve-set interest rate to determine the amount needed to pay back the loan?
discount rate
The percentage of deposits that banks must set aside either in their vaults or in their Federal Reserve district bank?
Reserves
Are banks permitted to lend all their reserves?
No. They can lend only a % of their total cash reserves. It depends on the Cash Reserve Ratio and Liquidity Ratios set by the Central Banks (Reserve Bank, Federal Reserve etc)
Why are there only nine out of twelve 2 bills in the new 2011 federal reserve set?
The federal reserve put out a 9 note $2 bill package. They only printed 2,000 copies and ruled that there would only be allowed 3 perhouse hold. The 9 notes were designed to represent the 9 federal reserve banks that are in the US.
Does the Federal Reserve print money?
Yes the federal Reserve, created in 1913, prints all US currency and coins. Every US dollar in circulation is printed as federal reserve notes which can be seen at the top of every US dollar. The US Treasury is obligated to print money at the demand of the Federal Reserve. When the government needs money, it gives US Treasury bonds to the Federal Reserve and in return, the federal reserve sells the government federal reserve notes with interest. How does the federal Reserve get these Federal Reserve notes? The US Treasury prints them out for the Federal Reserve electronically. These US Treasury bonds are than sold to very wealthy individuals and privant banks.According to the US code-section 411," Federal reserve notes, to be issued at the discretion of the Board of Governors of the Federal Reserve System for the purpose ofmaking advances to Federal reserve banks through the Federal reserve agents as hereinafter set forth and for no other purpose,are authorized. The said notes shall be obligations of the United States and shall be receivable by all national and member banks and Federal reserve banks and for all taxes, customs, and other publicdues. They shall be redeemed in lawful money on demand at the Treasury Department of the United States, in the city of Washington, District of Columbia, or at any Federal Reserve bank." (http://codes.lp.findlaw.com/uscode/12/3/XII/411)
What are the percentage of deposits that banks must set aside either in their vaults or in their federal reserve district bank?
Certifcates of deposit
