Published:
Federal Reserve Bank of St. Louis Launches Online Financial Crisis Timeline
ST. LOUIS, Jan. 7 /PRNewswire/ -- Anyone looking for timely, insightful
information on the financial crisis can now find it at a new web site launched
December 22 by the Federal Reserve Bank ofSt. Louis. As the most extensive in
the Federal Reserve System, the Financial Crisis web site provides information
about how major financial events have unfolded to date and policy actions that
government agencies have taken in response:
http://www.stlouisfed.org/timeline.
"Over the past year-and-a-half, our financial system has faced
considerable turbulence," said James Bullard, president and chief executive
officer with the Federal Reserve Bank ofSt. Louis. "The Federal Reserve and
other agencies have taken many steps to contain the financial crisis and limit
its impact on the broader economy."
The Financial Crisis web site outlines events in financial markets from
February 2007 to the present, and includes brief descriptions of market events
and actions by the Federal Reserve and other government agencies, along with
links to press releases, SEC filings, congressional testimony, related St.
Louis Fed articles and selected FRED (Federal Reserve Economic Data) graphs.
Using primary sources and links to data, the St. Louis Fed's site is designed
as a hub for finding information related to the crisis.
"It is critically important that we clearly communicate Federal Reserve
and other government agency actions to better ensure their success," said
Bullard. "This web site was created to provide the public with useful
information about major financial events and policy actions, both over the
past months and going forward."
Additional features will be debuted in the first quarter of 2009,
including frequently asked questions, a glossary of terms, an improved,
customizable timeline, integrated charts and graphs, and update alerts.
With branches inLittle Rock,Louisville andMemphis, the Federal Reserve
Bank ofSt. Louis serves the Eighth Federal Reserve District, which includes
all ofArkansas, easternMissouri, southernIndiana, southernIllinois,
westernKentucky, westernTennessee and northernMississippi. The St. Louis
Fed is one of 12 regional Reserve Banks that, along with the Board of
Governors inWashington, D.C., comprise the Federal Reserve System. As the
nation's central bank, the Federal Reserve System formulates U.S. monetary
policy, regulates state-chartered member banks and bank holding companies,
provides payment services to financial institutions and the U.S. government,
and promotes community development and financial education.
SOURCE Federal Reserve Bank ofSt. Louis
Copyright © 2009, PRNewswire
Copyright © 2009, NewsBlaze,
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