Monday, August 17, at the HESS Club (5430 Westheimer),
beginning at Noon (buffet available from 11:30 to 12:15).
A member of the federal reserve board will be speaking!!
You will not find a better time to confront these naive people!
Aug 17 Luncheon
“The Federal Reserve in Challenging Times”
Come hear Robert Smith III, Sr.VP in Charge, Houston Branch, Federal
Reserve Bank of Dallas discuss this timely topic. Bob Smith ’61 has
graciously agreed to take time to speak with us about this critical topic
as we navigate the current economic recession.
The Federal Reserve System is the central bank of the United States. It
was founded by Congress in 1913 to provide the nation with a safer, more
flexible, and more stable monetary and financial system. Over the years,
its role in banking and the economy has expanded. Today, the Federal
Reserve’s duties fall into four general areas:
- Conducting the nation’s monetary policy by influencing the monetary
and credit conditions in the economy in pursuit of maximum employment,
stable prices, and moderate long-term interest rates - Supervising and regulating banking institutions to ensure the safety
and soundness of the nation’s banking and financial system and to
protect the credit rights of consumers - Maintaining the stability of the financial system and containing
systemic risk that may arise in financial markets - Providing financial services to depository institutions, the U.S.
government, and foreign official institutions, including playing a
major role in operating the nation’s payments system
Mr. Smith will be speaking at our Houston A&M Club’s weekly Traditions
luncheon on Monday, August 17, at the HESS Club (5430 Westheimer),
beginning at Noon (buffet available from 11:30 to 12:15). Mr. Smith’s
biography, registration and a map are available at www.houstonags.org.
Pre-registration is strongly encouraged!
We look forward to seeing you Monday.
Gig’em
Stephen K. London ‘79