WEBPOINTERS : WHEN GREENSPAN TALKS, FINANCIERS LISTEN.Byline: Kitty Williams When Alan Greenspan Alan Greenspan Dr. Greenspan is Chairman of the Board of Governors of the Federal Reserve System. Dr. Greenspan also serves as Chairman of the Federal Open Market Committee (FOMC), the Fed's principal monetary policymaking body. opens his mouth, Wall Street cocks its collective ear and financial markets skyrocket or dive, depending on what he says. It's almost like watching frisky frisk·y adj. frisk·i·er, frisk·i·est Energetic, lively, and playful: a frisky kitten. frisk puppies respond to their master's voice. They don't yet know whether their most recent escapade will earn them a rub under the chin or a reprimand. You might call it ``irrational exuberance Irrational Exuberance An infamous phrase uttered by Alan Greenspan in 1996 to describe the overvalued market at the time. Notes: Although every word spoken by Mr. ,'' to coin a phrase. Who is this guy, and why does everyone pay attention to him? Greenspan, of course, is chairman of both the Federal Reserve System's Board of Governors and the Fed's monetary policy-making pol·i·cy·mak·ing or pol·i·cy-mak·ing n. High-level development of policy, especially official government policy. adj. Of, relating to, or involving the making of high-level policy: body, the Federal Open Market Committee. Greenspan is the guru of greenbacks. In case you don't remember the precise details of the Federal Reserve System from your college or high school government class, the whole thing is on line. Publications, schedules, information, software tools, history, links to other sites and, if all else fails, phone numbers and addresses to write or call for more information. For an explanation of the Federal Reserve System, its purposes and functions, the place to start is the Board of Governors site. The last Fed bank to go on line was Richmond - early this year. Visit that site to get monetary policy information and business conditions for the District of Columbia District of Columbia, federal district (2000 pop. 572,059, a 5.7% decrease in population since the 1990 census), 69 sq mi (179 sq km), on the east bank of the Potomac River, coextensive with the city of Washington, D.C. (the capital of the United States). , Maryland, North Carolina North Carolina, state in the SE United States. It is bordered by the Atlantic Ocean (E), South Carolina and Georgia (S), Tennessee (W), and Virginia (N). Facts and Figures Area, 52,586 sq mi (136,198 sq km). Pop. , South Carolina South Carolina, state of the SE United States. It is bordered by North Carolina (N), the Atlantic Ocean (SE), and Georgia (SW). Facts and Figures Area, 31,055 sq mi (80,432 sq km). Pop. (2000) 4,012,012, a 15. , Virginia and West Virginia. The monthly manufacturing and service-sector surveys, with tables, are posted at the site, along with an archive and the date the next one will be posted. In addition to the links, press releases and publications that one would expect to find, there is an illustrated article about a Richmond banker, Maggie Lena Walker, reprinted from the bank's quarterly magazine, Cross Sections. Walker, an African-American, was the country's first woman bank president. She founded the St. Luke's Penny Savings Bank savings bank, financial institution that, until recently, performed only the following functions: receiving savings deposits of individuals, investing them, and providing a modest return to its depositors in the form of interest. , forerunner of Consolidated Bank & Trust Co., which carries on her goal of helping African-Americans prosper. Her house is maintained as a museum and is a popular Richmond tourist attraction. ADDRESS BOOK Board of Governors of the Federal Reserve http://www.bog.frb.fed.us/ Alan Greenspan http://www.bog.frb.fed.us/BIOS/memb01.htm Federal Reserve Bank - Atlanta http://www.frbatlanta.org/ Federal Reserve Bank- Richmond http://www.rich.frb.org/ Maggie Walker http://www.rich.frb.org/cross/pubs/maggie.html CAPTION(S): Box Box: ADDRESS BOOK (See text) |
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