Federal Reserve Communications System For The Eighties - FRCS-80


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 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.

  1. Electronic Communication Network ...

  2. Wire Room

  3. Regulation E

    A regulation set forth by the Federal Reserve. Regulation E outlines ...
  4. Depository Institutions Act of ...

    A law passed by Congress with the intent of making savings and ...
  5. Wire Transfer

    An electronic transfer of funds across a network administered ...
  6. Wall Street Journal Prime Rate

Related Articles
  1. Bonds & Fixed Income

    The Treasury And The Federal Reserve

  2. Fundamental Analysis

    Analyzing A Bank's Financial Statements

  3. Economics

    Alan Greenspan: 19 Years In The Federal Reserve

  4. Credit & Loans

    The Evolution Of Banking

  5. Economics

    The SEC: A Brief History Of Regulation

  6. Personal Finance

    How The Federal Reserve Was Formed

  7. Forex Education

    The History Of Money: Currency Wars

  8. Economics

    What is the difference between fiscal policy and monetary policy?

    Utilizing founding principles of macroeconomics through both fiscal and monetary policy can have drastic effects on a country's economic state.
  9. Investing

    Reassessing Your Approach To Bond Investing

  10. Bonds & Fixed Income

    How are treasury bill interest rates determined?

    Find out why interest rates for U.S. Treasury bills are determined at auction and how so-called "competitive" bidders impact returns on these debt securities.

You May Also Like

Hot Definitions
  1. Treasury Bond - T-Bond

  2. Weight Of Ice, Snow Or Sleet Insurance

  3. Weather Insurance

  4. Portfolio Turnover

  5. Commercial Paper

  6. Federal Funds Rate

Trading Center