Board of Governors of the Federal Reserve System

Remarks by Governor Roger W. Ferguson, Jr. At the College of Management, University of Massachusetts, Boston, Massachusetts October 27, 1998

response during the Great Depression, the Fed has responded effectively...crisis, and the collapse of Long-Term Capital Management in the late 1990s

pre-crisis levels. Banks continued to rely relatively little on short-term...crisis and banks' greater understanding of their liquidity risks. Table

post-crisis regulatory and supervisory reforms with that outcome in mind...crisis erupted nearly a decade ago. In this testimony, I will highlight

Crisis of the late 1980s and the Financial Crisis of 2007-08. Schularick...crisis in the 1980s and the 2008 Financial Crisis. The credit-to-GDP gap

crisis and the deepest recession of the post-World War II period. The ...crisis. Recently, we see that overall demand has been strengthening, with

crisis, have become a critical supervisory tool. Stress Testing Under

Response Confidentiality and Burden The Federal Reserve Board regards ...response, including the time to gather data in the required form and to

response to price changes for goods and services they face. Special Questions...Responses were received from 61 domestic banks and 18 U.S. branches and

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