Testimony of Federal Reserve Officials

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• Congressional Hearing Transcripts
  Hearing transcripts are posted to this website as they become available.

• December 16, 1998
  Progress report by the President's Working Group on Financial Markets
  Patrick M. Parkinson, Associate Director, Division of Research and Statistics
  Before the Committee on Agriculture, Nutrition, and Forestry, U.S. Senate
• October 8, 1998
  Overall impact of euro banknotes on the demand for U.S. currency
  Theodore E. Allison, Assistant to the Board for Federal Reserve System Affairs
  Before the Subcommittee on Domestic and International Monetary Policy,
  Committee on Banking and Financial Services, U.S. House of Representatives
• October 1, 1998
  Private-sector refinancing of the large hedge fund, Long-Term Capital Management
  Chairman Alan Greenspan
  Before the Committee on Banking and Financial Services, U.S. House of Representatives
• October 1, 1998
  Private-sector refinancing of the large hedge fund, Long-Term Capital Management
  William J. McDonough, President, Federal Reserve Bank of New York
  Before the Committee on Banking and Financial Services, U.S. House of Representatives
• September 23, 1998
  The crisis in emerging market economies
  Chairman Alan Greenspan
  Before the Committee on the Budget, U.S. Senate
• September 17, 1998
  Year 2000 progress of the banking and financial services sector
  Governor Edward W. Kelley, Jr.
  Before the Committee on Banking and Financial Services, U.S. House of Representatives
• September 16, 1998
  International economic and financial system
  Chairman Alan Greenspan
  Before the Committee on Banking and Financial Services, U.S. House of Representatives
• September 9, 1998
  Social security reform
  Governor Edward M. Gramlich
  Before the Committee on Finance, U.S. Senate
• July 30, 1998
  The Commodity Exchange Act and OTC derivatives
  Chairman Alan Greenspan
  Before the Committee on Agriculture, Nutrition, and Forestry, U.S. Senate
• July 24, 1998
  The regulation of OTC derivatives
  Chairman Alan Greenspan
  Before the Committee on Banking and Financial Services, U.S. House of Representatives
• July 24, 1998
  The Federal Reserve's midyear report on monetary policy
  Chairman Alan Greenspan
  Before the Committee on Banking, Housing, and Urban Affairs, U.S. Senate
  Chairman Greenspan presented identical testimony before the Subcommittee on Domestic and International Monetary Policy of the Committee on Banking and Financial Services, U.S. House of Representatives, July 22, 1998
• July 17, 1998
  Reforms in the Truth in Lending Act and the Real Estate Settlement Procedures Act
  Governor Edward M. Gramlich
  Before the Subcommittee on Financial Institutions and Regulatory Relief and the Subcommittee on Housing Opportunity and Community Development of the Committee on Banking, Housing, and Urban Affairs, U.S. Senate
  Governor Gramlich presented identical testimony before the Subcommittee on Financial Institutions and Consumer Credit and the Subcommittee on Housing and Community Opportunity of the Committee on Banking and Financial Services, U.S. House of Representatives, July 22, 1998
• July 16, 1998
  Comment on a draft banking regulatory relief bill
  Governor Laurence H. Meyer
  Before the Subcommittee on Financial Institutions and Consumer Credit of the Committee on Banking and Financial Services, U.S. House of Representatives
• June 17, 1998
  H.R. 10, the Financial Services Act of 1998
  Chairman Alan Greenspan
  Before the Committee on Banking, Housing, and Urban Affairs, U.S. Senate
• June 16, 1998
  The effects of mergers
  Chairman Alan Greenspan
  Before the Committee on the Judiciary, U.S. Senate
• June 11, 1998
  Anti-money-laundering efforts and related proposed legislation
  Herbert A. Biern, Associate Director, Division of Banking Supervision and Regulation
  Before the Committee on Banking and Financial Services, U.S. House of Representatives
• June 10, 1998
  Application of the Commodity Exchange Act to transactions in over-the-counter derivatives
  Board of Governors of the Federal Reserve System
  Before the Subcommittee on Risk Management and Specialty Crops of the Committee on Agriculture, U.S. House of Representatives
• June 10, 1998
  An update on economic conditions in the United States
  Chairman Alan Greenspan
  Before the Joint Economic Committee, U.S. Congress
• June 4, 1998
  Implications of developments in electronic commerce
  Governor Roger W. Ferguson, Jr.
  Before the Subcommittee on Finance and Hazardous Materials of the Committee on Commerce, U.S. House of Representatives
• June 3, 1998
  Mergers and acquisitions in banking and other financial services
  Governor Laurence H. Meyer
  Before the Committee on the Judiciary, U.S. House of Representatives
• May 21, 1998
  The current Asian crisis and the financial resources of the IMF
  Chairman Alan Greenspan
  Before the Committee on Agriculture, U.S. House of Representatives
• April 29, 1998
  Mergers and acquisitions in banking and other financial services
  Governor Laurence H. Meyer
  Before the Committee on Banking and Financial Services, U.S. House of Representatives
• April 29, 1998
  Improving the consumer price index
  Governor Edward M. Gramlich
  Before the Subcommittee on Human Resources of the Committee on Government Reform and Oversight, U.S. House of Representatives
• April 28, 1998
  The Federal Reserve's efforts to address the Year 2000 computer problem
  Governor Edward W. Kelley, Jr.
  Before the Committee on Commerce, Science, and Transportation, U.S. Senate
• April 20, 1998
  The allocation of the economy's resources between Medicare and competing needs
  Chairman Alan Greenspan
  Before the National Bipartisan Commission on the Future of Medicare
• March 10, 1998
  S. 1405, the Financial Regulatory Relief and Economic Efficiency Act of 1997
  Governor Laurence H. Meyer
  Before the Committee on Banking, Housing and Urban Affairs, U.S. Senate
• March 4, 1998
  Coming budgetary challenges
  Chairman Alan Greenspan
  Before the Committee on the Budget, U.S. House of Representatives
• March 3, 1998
  The current Asian crisis
  Chairman Alan Greenspan
  Before the Subcommittee on Foreign Operations of the Committee on Appropriations, U.S. Senate
• March 3, 1998
  The payment of interest on demand deposits and on required reserve balances
  Governor Laurence H. Meyer
  Before the Committee on Banking, Housing and Urban Affairs, U.S. Senate
• February 24, 1998
  The Federal Reserve's semiannual report on economic conditions and the conduct of monetary policy
  Chairman Alan Greenspan
  Before the Subcommittee on Domestic and International Monetary Policy of the Committee on Banking and Financial Services, U.S. House of Representatives
• February 12, 1998
  The current Asian crisis and the dynamics of international finance
  Chairman Alan Greenspan
  Before the Committee on Foreign Relations, U.S. Senate
• January 30, 1998
  The current Asia crisis and the dynamics of international finance
  Chairman Alan Greenspan
  Before the Committee on Banking and Financial Services, U.S. House of Representatives
• January 29, 1998
  Circuit breakers for equity-related markets
  Governor Susan M. Phillips
  Before the Subcommittee on Securities of the Committee on Banking, Housing, and Urban Affairs, U.S. Senate
• January 29, 1998
  The current fiscal situation
  Chairman Alan Greenspan
  Before the Committee on the Budget, U.S. Senate