DIR Return Create A Forum - Home
---------------------------------------------------------
NeoConfederate States fo AMerica
HTML https://ncsa.createaforum.com
---------------------------------------------------------
*****************************************************
DIR Return to: Office of the President
*****************************************************
#Post#: 7295--------------------------------------------------
Office Of Treasurer
By: yapchoonmun Date: August 22, 2015, 10:43 am
---------------------------------------------------------
[move]Treasurer's Office Central Bank Of NCSA [/move]
HTML http://www.cityofchesapeake.net/Assets/images/Department+Image+-+Generic.jpg
[hr]
Welcome to the Treasurer’s Office section of the NCSA. It is our
hope that you will find the resources that you are searching at
here. If you need assistance on a particular topic, please leave
your questions below and your question will be promptly
answered. We are committed to providing you with excellent
customer service, even if your question is more appropriate to
one of our business partners.
The Treasurer's Office is responsible for the management and
coordination to oversee the use of money, as well as establish
percentages and categories for taxing, banking Relationships,
Treasury Services, Debt Issuance and Compliance, as well as
Insurance and Disability Management programs. Central management
of these services allows more consistency in service
applications, disaster recovery, and opportunities for better
controls.
It is our goal to provide you with high-quality and
cost-effective business solutions for your treasury needs. With
that in mind. We look forward to hearing and to provide you with
high-quality and cost-effective business solutions for your
treasury needs.
HTML http://www.wvtreasury.com/portals/wvtreasury/content/Education/Get%20a%20Life/banner.png
[hr]
Central Bank Of NCSA
Also knew as central bank, reserve bank, or monetary authority
is an institution that manages a state's currency, money supply,
and interest rates. Central banks also usually oversee the
commercial banking system of their respective countries. In
contrast to a commercial bank, a central bank possesses a
monopoly on increasing the monetary base in the state, and
usually also prints the national currency, which usually serves
as the state's legal tender.
The primary function of a central bank is to control the
nation's money supply (monetary policy), through active duties
such as managing interest rates, setting the reserve
requirement, and acting as a lender of last resort to the
banking sector during times of bank insolvency or financial
crisis. Central banks usually also have supervisory powers,
intended to prevent bank runs and to reduce the risk that
commercial banks and other financial institutions engage in
reckless or fraudulent behavior. Central banks in most developed
nations are institutionally designed to be independent from
political interference. Still, limited control by the executive
and legislative bodies usually exists.
Activities and responsibilities
Functions of a central bank may include:
1.implementing monetary policies.
2.determining Interest rates
3.controlling the nation's entire money supply
4.the Government's banker and the bankers' bank ("lender of last
resort")
5.managing the country's foreign exchange and gold reserves and
the Government's stock register
6.regulating and supervising the banking industry
7.setting the official interest rate – used to manage both
inflation and the country's exchange rate – and ensuring
that this rate takes effect via a variety of policy mechanisms
[hr]
Independence
Legal independence
The independence of the central bank is enshrined in law. This
type of independence is limited in a democratic state; in almost
all cases the central bank is accountable at some level to
government officials, either through a government minister or
directly to a legislature. Even defining degrees of legal
independence has proven to be a challenge since legislation
typically provides only a framework within which the government
and the central bank work out their relationship.
Goal independence
The central bank has the right to set its own policy goals,
whether inflation targeting, control of the money supply, or
maintaining a fixed exchange rate. While this type of
independence is more common, many central banks prefer to
announce their policy goals in partnership with the appropriate
government departments. This increases the transparency of the
policy setting process and thereby increases the credibility of
the goals chosen by providing assurance that they will not be
changed without notice. In addition, the setting of common goals
by the central bank and the government helps to avoid situations
where monetary and fiscal policy are in conflict; a policy
combination that is clearly sub-optimal.
Operational independence
The central bank has the independence to determine the best way
of achieving its policy goals, including the types of
instruments used and the timing of their use. This is the most
common form of central bank independence. The granting of
independence to the Bank of England in 1997 was, in fact, the
granting of operational independence; the inflation target
continued to be announced in the Chancellor's annual budget
speech to Parliament.
Management independence
The central bank has the authority to run its own operations
(appointing staff, setting budgets, and so on.) without
excessive involvement of the government. The other forms of
independence are not possible unless the central bank has a
significant degree of management independence. One of the most
common statistical indicators used in the literature as a proxy
for central bank independence is the "turn-over-rate" of central
bank governors. If a government is in the habit of appointing
and replacing the governor frequently, it clearly has the
capacity to micro-manage the central bank through its choice of
governors.
*****************************************************