At its meeting on December 19, the Committee adopted a directive that called for some slight easing in the degree of pressure on reserve positions, which was expected to result in a decline in the federal funds rate from around 5-3/4 percent to around 5-1/2 percent. The directive did not include a presumption about the likely direction of any adjustments to policy during the intermeeting period.
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New Asset Management and Corporate Finance Progress in Japan
The U.S. Treasury and the Japanese Ministry of Finance met in Tokyo today to review progress under the U.S.-Japan financial services agreement announced in Washington last January by President Clinton and then-Prime Minister Murayama.
Understanding Credit Union Ideals and Their Implications
Few would dispute that service is crucial for any business enterprise, certainly including conventional, for-profit businesses. Over the past decade, we've seen companies around the country give new emphasis to customer service. They recognize that without satisfied customers, you can't stay in business -- people will take their money and go elsewhere.
Have We Acted Like a Credit Union Today?
There's a striking example of this ideal in the World Council of Credit Unions' call for self-audit and renewal. It says: "Credit union management and staff should regularly ask the question, `How have we acted like (or unlike) a credit union today?'"
