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Article: Colorado Springs Financial Briefs: October 30, 2009

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Colorado Springs Business Journal
Article date:
October 30, 2009
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Adams Bank & Trust's breakfast and Colorado Economic Forum was held at Cheyenne Mountain Resort, during a stunning pink and lavender Rocky Mountain sunrise.

The keynote speaker was Todd S. Adams, chairman and CEO of Adams Bank & Trust, and board member of the Omaha Branch of the Federal Reserve Bank of Kansas City.

As a prelude to discussing current economic conditions, Adams gave the audience some background information about the purposes and functions of the Federal Reserve System.

It was established on Dec. 23, 1913, and -- unlike other central banks -- it is independent, reports to Congress and any earnings or assets are returned to the Treasury Dept.

There are 12 regional Federal ...

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