We have also had to be innovative in finding ways to use monetary policy to help the economy recover from the deep recession that followed the crisis. Providing adequate monetary accommodation has not been a straightforward task because our principal monetary policy tool, the target for the federal funds rate, has been stuck near zero since the end of 2008.
9 It should also be borne in mind that the votes any one shareholder may cast in a shareholders’ meeting are limited by the Statute 10 to a maximum of 50 (out of a total of 665 today), regardless of the number of shares held, in order to prevent individual shareholders from exerting a preponderant influence on the Bank’s decision-making even in the restricted scope of the matters in which the shareholders intervene.