An economic analysis of short-run fluctuations in Federal Reserve wire transfer volume

Article Abstract:

FedWire, the wire transfer network of the Federal Reserve, showed rapid growth in the early 1970s and was available to all depository institutions beginning in 1981. FedWire use is examined in terms of economic factors, such as short-term interest rates and general economic conditions. Statistics indicate that volume is inversely related to interest rates, inelastic in regard to per unit fees, and directly related to GNP quarterly fluctuations.

Research, United States, United States. Federal Reserve Board, Electronic funds transfer systems

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Management transferability in rural banks

Article Abstract:

In evaluating the impact of management changes on bank profitability, emphasis tends to be placed on the previous experience of management. As it is often difficult to separate management performance from external economic factors, a sample of banks was examined to test the practice. Results indicate that management skills can be transferred, and that management experience is a good predictor of bank performance.

Evaluation, Influence, Bankers, Bank management

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