A Quote by Judd Gregg

You have safety and soundness as primary purpose of the Federal Reserve, the OCC, and the other agencies which control banking regulation. — © Judd Gregg
You have safety and soundness as primary purpose of the Federal Reserve, the OCC, and the other agencies which control banking regulation.
The Federal Reserve is not charged with designing or evaluating proposals for housing finance reform. But we are responsible for regulating and supervising banking institutions to ensure their safety and soundness, and more broadly for the stability of the financial system.
We have put in place policies through supervision and regulation that has greatly enhanced the safety and soundness of the banking system.
The Federal Reserve has a responsibility to ensure the safety and soundness of financial institutions and to contain systemic risks in financial markets.
You can't fall back on the private sector and say, 'You take care of the nation's banking system.' That's a fundamental function of the government, the Federal Reserve, the Treasury and the FDIC, etc. All of those agencies have a major role to play there.
Whether or not you have good consumer protection has a big effect on safety and soundness of the banking community, especially smaller banks.
I support adjustments designed to enhance the efficiency and effectiveness of regulation without sacrificing safety and soundness or undermining macroprudential goals.
The Federal Reserve can only buy Treasuries and agencies, and moreover quantitative easing typically involves buying longer-term Treasuries and agencies in terms of bills, for example.
We own? the Federal Reserve. There is this misconception that the Federal Reserve is some private entity. But if I might give an analogy here, we - U.S. taxpayers - own all the stock in the Federal Reserve.
Our battles against the EPA and other rogue federal agencies aren't about a desire for dirtier air or zero regulation. They are about our right as a state to control our own destiny and resist attempts by the administration to ramrod a wish list of regulations through agency heads instead of garnering approval from Congress.
The RFA requires federal agencies to assess the economic impact of their regulations on small firms, and if significant, consider less burdensome alternatives. Federal agencies sometimes fail to comply at all, or simply 'check the box,' fulfilling the letter of the law, while missing the purpose of the law entirely.
If we stuck to the Constitution as written, we would have: no federal meddling in our schools; no Federal Reserve; no U.S. membership in the UN; no gun control; and no foreign aid. We would have no welfare for big corporations, or the "poor"; no American troops in 100 foreign countries; no NAFTA, GAT, or "fast-track"; no arrogant federal judges usurping states rights; no attacks on private property; no income tax. We could get rid of most of the agencies, and most of the budget. The government would be small, frugal, and limited.
Paying interest on reserve balances enables the Fed to break the strong link between the quantity of reserves and the level of the federal funds rate and, in turn, allows the Federal Reserve to control short-term interest rates when reserves are plentiful.
The O.M.B. director puts together the budget. It handles every executive order. It is the clearing house for every single federal regulation. It has input into all the management of all of the federal agencies... It is involved with everything. And I thought, 'That's where I want to be.'
Of all the federal agencies created by Congress, one of the true success stories is the 'Mine Safety and Health Administration', which grew out of a bipartisan effort in 1977.
The real estate interests and banks are in a kind of symbiosis. They're the largest-growing part of the economy. This is the sector that backs the political campaigns of senators, presidents and congressmen, and they use this leverage to make sure that their people dominate the Federal Reserve, Treasury and the federal housing agencies.
The Federal Reserve Act requires the Federal Reserve to report annually on its operations and to publish its balance sheet weekly.
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