Accession Number : ADA314837

Title :   The Federal Reserve System: Strategic Asset in the Info-Technology Age of the 21st Century.

Descriptive Note : Research rept. Aug 95-Aug 96,

Corporate Author : INDUSTRIAL COLL OF THE ARMED FORCES WASHINGTON DC

Personal Author(s) : Webber, Charles F.

PDF Url : ADA314837

Report Date : 1996

Pagination or Media Count : 33

Abstract : This paper explores the continued viability and functional utility of the Federal Reserve System (Fed) as America moves into the 21st century and the peak of the information technology age. Congress and the President established the Fed in the early twentieth century to ensure the availability of money and credit to fuel our rapidly expanding economy, and to bolster the country's confidence in the banking system. As the industrial age of America matured, the Fed evolved to support and contribute to our strength and dominance of the world's economy. The industrial age is waning and we are well into the technology information age. Now is an excellent time to examine the Fed and streamline its operations. We can not maintain our world economic dominance without ensuring the optimal configuration of a major bulwark of America's financial infrastructure.

Descriptors :   *BANKING, *MONEY, CONGRESS, GLOBAL, OPTIMIZATION, ECONOMICS, AVAILABILITY, CONFIGURATIONS, FINANCE, INFRASTRUCTURE.

Subject Categories : Economics and Cost Analysis

Distribution Statement : APPROVED FOR PUBLIC RELEASE