The Purpose and Use of the FR2900 Report. Gina Manco. Test your knowledge… 1.) How many Federal Reserve Banks exist?. Test your knowledge…. 2.) Who was President in 1913 when the Federal Reserve was created?. Woodrow Wilson. Test your knowledge….
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2.) Who was President in 1913 when the Federal Reserve was created?
3.) What is the current target Fed Funds Rate?
(As of October 8, 2008)
There are two main purposes for the FR2900 Report:
Both used by the Board and the Federal Open Market Committee (FOMC) in the formulation of Monetary Policy.
2006 Exemption levelsDeposits < $ 7.8MNTA < $ 7.8M (exempt)Deposits >$ 7.8M & < $ 1.206BNTA < $ 7.8M (exempt)Deposits < $ 229.1MNTA > $ 7.8M (non-exempt)Deposits >$ 229.1M & < $ 1.206BNTA > $ 7.8M (non-exempt)orDeposits >$ 1.206B