Those users who are looking for all things related to the Federal Reserve System will need to look no further than this well-designed and thorough website. Visitors will find a number of links on the left-hand side of the homepage that will take them directly to information about monetary policy, payment systems, economic research and data, and basic consumer information. One rather fine feature...

The U.S. Federal Deposit Insurance Corporation WWW Home Page is open for business. At this site, there is information on the U.S. banking industry, financial information on the condition of the Bank Insurance Fund and the Savings Association Insurance Fund, consumer information, and press releases.

The complete text of the FDIC's Law, Regulations and Related Acts (Rules and Regulations), complete with interactive search capability, is now available. Policy statements approved by the FDIC Board of Directors, selected General Counsel opinions, legal advisory opinions, consumer laws and regulations related to banking, and selected Federal Reserve regulations are also part of the service.

This week's In the News chronicles recent Federal Reserve Board decisions to lower interest rates. The eleven resources discussed provide news, opinion, and consumer information on the FRB BOG action. Following the first US interest rate cut in three years on September 29, 1998, FED Chairman Alan Greenspan caught fire from Wall Street. "Traders were disappointed" in the mere quarter point drop,...

Full text of this 1998 Supreme Court decision is available at the Legal Information Institute at Cornell University. The decision is significant in that it restricts the membership base of credit unions. The syllabus, opionion, and dissenting opinion are available in HTML (with references linked to pertinent cases) and Adobe Acrobat (.pdf) versions at the site.

The FDIC Statistics on Banking is a "quarterly publication that provides aggregate financial and structure information on FDIC-insured institutions, with summary totals by state and charter type." The latest figures for third quarter 1997 are now available.