See also Accountants professional liability insurance; Architects and engineers (A&E) liability coverage; Errors and omissions (E&O) insurance; Lawyers professional liability coverage; Management liability insurance; Medical malpractice insurance; Shrinking limits defense provision.
Governors of the Federal Reserve System developed. a proprietary economic value of equity model called. the economic value model (EVM), which is a duration-. based estimate of interest rate sensitivity for each.
The Federal Reserve System is the central banking system of the United States. It was created on December 23, 1913, with the enactment of the Federal Reserve Act, after a series of financial panics led to the desire for central control of the monetary system in order to alleviate financial crises.[list 1] Over the years, events such as the Great Depression in the 1930s and the Great Recession during the 2000s have led to the expansion of the roles and responsibilities of the Federal Reserve Syst