The Peoples STOCK EXCHANGE Newsletter
Volume 1, Issue 1 2010
THE LANGUAGE OF WALL ST
WRITTEN BY: The Petty-Owens Enterprise Inc
WHAT IS THE FEDERAL RESERVE BANK
According to Barron’s Financial Guides: Dictionary of Finance and Investment Terms, “A reserve bank is one of the banks that, with their branches, make up the FEDERAL RESERVE SYSTEM, the location of these banks are as followed, Boston, New York, Philadelphia, Cleveland, Richmond, Atlanta, Chicago, St. Louis, Minneapolis, Kansas City, Dallas, and San Francisco. The role of each Federal Reserve Bank is to monitor the commercial and savings banks in its region to ensure that they follow Federal Reserve Board regulations and to provide those banks with access to emergency funds from the DISCOUNT WINDOW. The reserve banks act as depositories for member banks in their regions, providing money transfer and other services. Each of the banks is owned by the member banks in its district.
INSIDE THIS ISSUE
1 English: The Language of Wall St.
2 Science: Why Economics is the Science of Finance
3 Math: Compound Interest and Rule 72
4 History: Where did the New York Stock Exchange
5 The true Story: capital punishment
capital punishment
This is a true story about a young man born and raised in one of Brooklyn’s notorious projects, who became a heavy hitter on Wall St without a college education, as a stockbroker managing over a million by the age of 21 before the great recession in 2007. Living life in the fast lane forced Calvin Baker to leave behind all morals known to mankind in exchange for experiencing the American dream up close and personal at a crucial time in the history of wall st.