- Control of Growth & Development. Hormones are chemical messengers produced by glands in the endocrine system. Endocrine tissues are specialised to produce such hormones, which have genes switched on according the the hormones they were designed to produce.
There are actually three rates in the U.S. that drive virtually everything else, from bond returns to credit card interest rates. Of these, the Federal Reserve actually controls only two (the Federal Funds Rate and the Discount Rate). The third rate, called the Prime Rate, is the rate that most people falsely believe the Fed changes. In truth, this is the one rate the Fed has no direct control over.
The interest rate paid on excess balances is also determined by the Board and gives the Federal Reserve an additional tool for the conduct of monetary policy. Using these tools, the Federal Reserve influences the demand for and supply of balances that depository institutions hold on deposit at Federal Reserve Banks (the key component of reserves) and thus the federal funds rate- -the interest rate charged by one depository institution on an overnight sale of balances at the Federal Reserve ...