Regional President Speech

Silas Keehn: Introductory Remarks AP.ril 1987 Economic Forums 4/.22/.87 -- Monroe, Ml (afternoon reception) 4Z23Z87 -- Bloomfield Hills, Ml (breakfast) 41/231/87 -- Jackson, Ml (afternoon reception) I. 4/15/87 FRB of Chicago -- Welcome A. Associates 1. Very pleased to have here 2. Greatly appreciate turnout 3. One of series of meetings to talk about economy and r:) \~ monetary policy _ Q \<~ (std/) ,. +- ~ 1.- Vl\. ll5 ~~ II. Federal Reserve System - Pamphlets, books, info A. Geographically - 12 Districts 1. Separate Bank - Government Corporation 2. Stock owned by member banks B. Separate Board of Directors 1. 6 elected 2. 3 apeointed by Board of Governors .I-{, ~~~t-~~~ - 1> ........ _A Al ~_!)Cl/~- C. Given geographical structure/Soarer'of Directors 1. Truly representational Digitized for FRASER https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis '; Introduction - Page 2 2. Geographic areas 3. Social and economic interest groups Ill. FRB of Chicago - 5 states - Detroit / 3 RCPCs A. Interesting diversity 1. Manufacturing 2. Agriculture 3. Commerce / financial B. Advisory Councils - agriculture, small business C. Activities 1. Operations - processing of transactions - check / electronic - 160 million checks per month 2. Supervision/regulation Digitized for FRASER https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis a. Regulatory - development of rules, govern operations of banks b. Supervision - monitoring adherence - examine action Introduction - Page 3 3. Economic research activities a. National / regional b. Monetary policy 4. This latter activity - why we are here today a. One of series of meetings in District b. To provide some background on the monetary policy process and some of the issues we face c. And, to gain some further information from you that will be helpful in making our monetary policy decision 5. We'll begin with Karl a. Current status and outlook for the national economy b. And a few comments about Michigan c. This format represents the starting point of the FOMC's deliberations -- what I'll elaborate on later TURN TO KARL Digitized for FRASER https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 

Silas Keehn (1987, April 21). Regional President Speech. Speeches, Federal Reserve. https://whenthefedspeaks.com/doc/regional_speeche_19870422_silas_keehn

@misc{wtfs_regional_speeche_19870422_silas_keehn,
  author = {Silas Keehn},
  title = {Regional President Speech},
  year = {1987},
  month = {Apr},
  howpublished = {Speeches, Federal Reserve},
  url = {https://whenthefedspeaks.com/doc/regional_speeche_19870422_silas_keehn},
  note = {Retrieved via When the Fed Speaks corpus}
}