Regional President Speech

Silas Keehn: Introductory Remarks Seftember 1987 Economic Forums 9/ 5/87 -- Gaylord, Ml 9/16/87 -- Traverse City, Ml I. FRB of Chicago -- Welcome 1. Very pleased to have here -~ ~ :i. P-..tt·~ ~ , u " " ' - s-:::r'>fl,.t - ~ . +"'•'L.Jd.s '2. Greatly app1 eciate turnout ~,-,/-t'.-..J rt) (,.,e. rJi ~ ~ (i:C/tNc,-J # 3. One of series of meetings to talk about economy and A, monetary po Iicy 1'PlA-- ~~ r ~~ 11. 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 appointed by Board of Governors ~ jso..-.J.. - ~ ,lef~ ~ ioG C. Given geographical structure/Board of Directors / ~ •-S.~ Digitized for FRASER https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 'f /4u.,.· ~_r 1. Truly representational 2. Geographic areas 3. Social and economic interest groups Introduction - Page 2 :I.~; llf., Wtk / .J..../ 1 J'tv ii Ill. FRB of Chicago - 5 states - Detroit / 3 RCPCs A. Interesting diversity - U, u .1..., ~--- ~ r s ~ " ' - - " ~ ~·~ • /r-vv1 ~ 1. Manufacturing _ 'J - I~~-,-,,-,...· e.t..-.. ~ ~ 2. Agriculture 3. Commerce / financial .B, .o d,,i1ery Cotmcils agrltblture, small basi11ess C. Activities Digitized for FRASER https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 1. Operations - processing of transactions - check / electronic - 160 million checks per month 2. Supervision/regulation a. Regulatory - development of rules, govern operations of banks b. Supervision - monitoring adherence - examine action 3. Economic research activities a. National / regional b. Monetary policy . Introduction - Page 3 4. This latter activity - why we are here today a. One of series of meetings in District b. To provide you some background on 1. The economic outlook as we see it 2. The issues and challenges we face in monetary policy decisionmaking process c. And, to gain some further information from you that will be helpful in making those decisions cR. F CJ>l1. e. /1?-o L ~ / ~v- ~, 5. We'll begin with Karl a. Current status and outlook for the economy b. Then I'II review some of the major issues that 1. Impact on that outlook ~F 2. Impact on our decisions G) ~ . ~s TURN TO KARL Digitized for FRASER https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis (/o--J J. 

Silas Keehn (1987, September 14). Regional President Speech. Speeches, Federal Reserve. https://whenthefedspeaks.com/doc/regional_speeche_19870915_silas_keehn

@misc{wtfs_regional_speeche_19870915_silas_keehn,
  author = {Silas Keehn},
  title = {Regional President Speech},
  year = {1987},
  month = {Sep},
  howpublished = {Speeches, Federal Reserve},
  url = {https://whenthefedspeaks.com/doc/regional_speeche_19870915_silas_keehn},
  note = {Retrieved via When the Fed Speaks corpus}
}