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Article: Fed to update management of financial services. (Federal Reserve banks)
- Article from:
- American Banker
- Article date:
- December 13, 1994
- Author:
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The 12 Federal Reserve banks have formed two committees to sharpen and coordinate management of the Fed's financial services in the era of interstate banking.
The panels, known as the Financial Services Policy Committee and the Financial Services Management Committee, will play pivotal roles in developing long-term strategic goals and management structure for the reserve banks in response to the evolution of payment systems.
Fed officials have set as the committees' ultimate goal development of consistent rules and procedures in the Federal Reserve districts.
Such consistency is made necessary by September's passage of the interstate branching measure, which will ...