Hero_Consumer

Consumers use cash for half of all of their transactions valued at less than $50, and they choose to use cash more frequently than any other payment instrument, including debit or credit cards. This is one of the findings from the Diary of Consumer Payment Choice, which suggests that cash plays a dominant role for small-value transactions and many types of purchases. The Federal Reserve System’s Cash Product Office works closely with financial institutions, merchants, and other industry partners and conducts research to understand trends in cash use. To learn more, click on the “How Do We Use Cash?” heading.

Features

Economic Letter

Home Currency Issuance in Global Debt Markets

Posted August 18, 2014

Historically, businesses in most countries have not been able to sell bonds denominated in their home currencies to foreign investors. Recently, however, bonds denominated in currencies other than global currencies have increased, particularly after the global financial crisis. This change is mainly in countries with low government debt and a history of stable inflation.

FedViews

FedViews: August 14, 2014

Posted August 18, 2014

Michael Bauer, economist at the Federal Reserve Bank of San Francisco, states his views on the current economy and the outlook.

Opening remarks to the Los Angeles Unite for Veterans Summit

Opening remarks to the Los Angeles Unite for Veterans Summit

Posted July 16, 2014

Opening remarks to the Los Angeles Unite for Veterans Summit
Los Angeles
, California


FOMC Statement

Posted July 30, 2014

Federal Reserve issues FOMC statement

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American Currency Exhibit

Our district houses one of the most significant currency exhibits in the world.