Investopedia

Federal Reserve Communications System For The Eighties - FRCS-80

Filed Under » ,
Dictionary Says

Definition of 'Federal Reserve Communications System For The Eighties - FRCS-80'

A communication network established in 1981 in an effort to update the Federal Reserve's old system. This system connects the Federal Reserve Bank offices, Board of Governors, the Treasury and depository institutions. It is used to initiate transfers of U.S. securities and electronic funds transfers within institutions of the Federal Reserve.

Investopedia Says

Investopedia explains 'Federal Reserve Communications System For The Eighties - FRCS-80'

Planning for FRCS-80 began in late 1975. The system was initiated to take advantage of more efficient communications and technology that was available in the 1980s. The Federal Reserve also wanted to implement a better communication system that would handle payment systems throughout all depository institutions. The goal of the Federal Reserve with this network was to improve reliability of the Federal Reserve's communications operations, reduce costs and increase security of data.

Articles Of Interest

  1. Analyzing A Bank's Financial Statements

    A careful review of a bank's financial statements can help you identify key factors in a potential investment.
  2. The Evolution Of Banking

    Banks are a part of ancient history. Find out how this system of money management developed into what we know today.
  3. The SEC: A Brief History Of Regulation

    The SEC has continued to make the market a safer place and to learn from and adapt to new scandals and crises.
  4. How The Federal Reserve Was Formed

    Find out how this institution has stabilized the U.S. economy during economic downturn.
  5. The History Of Money: Currency Wars

    Find out how conflicts have changed the role money plays in our lives.
  6. The Treasury And The Federal Reserve

    Find out how these two agencies create policies to stimulate the economy in tough economic times.
  7. Alan Greenspan: 19 Years In The Federal Reserve

    Follow the economic glories and bumbles in the career of the previous Fed chair.
  8. Leading Economic Indicators Predict Market Trends

    Leading indicators help investors to predict and react to where the market is headed.
  9. Lessons Learned From the Banking Crisis

    There are lessons to be learned on how to handle severe financial downturns, and while the Fed is learning, politicians may not be.
  10. Austerity: When The Government Tightens Its Belt

    When a government tightens its belt in tough economic times the entire nation feels the squeeze.
comments powered by Disqus
Marketplace
Hot Definitions
  1. Pattern Day Trader

    An SEC designation for traders who trade the same security four or more times per day (buys and sells) over a five-day period, and for whom same-day trades make up at least 6% of their activity for that period.
  2. Cost-Push Inflation

    A phenomenon in which the general price levels rise (inflation) due to increases in the cost of wages and raw materials.
  3. Happiness Economics

    The formal academic study of the relationship between individual satisfaction and economic issues, such as employment and wealth.
  4. Affluenza

    A social condition arising from the desire to be more wealthy, successful or to "keep up with the Joneses." Affluenza is symptomatic of a culture that holds up financial success as one of the highest achievements.
  5. Icarus Factor

    The term Icarus factor describes a situation where managers or executives initiate an overly ambitious project which then fails. Fueled by excitement for the project, the executives are unable to reign in their misguided enthusiasm before it is too late to avoid the failure.
  6. Angelina Jolie Stock Index

    An index made up of a selection of stocks from companies associated with actress Angela Jolie.
Trading Center