Federal Reserve Anticipates a `Hit' with Web Site

Article excerpt

With its broad range of information, the Federal Reserve Bank of Kansas City expects its new home page on the World Wide Web will be a "hit" with Internet aficionados from all walks of life -- not just bankers.

The Web site, which made its debut last week, offers a variety of data, and not only about the Fed.

Located at http://www.kc.frb.org, the Web site was developed internally by employees at the Fed, according to Tim Smith, senior economist. The project to develop a home page has been under way since November when the Fed launched an electronic bulletin board.

"It is purely a public information vehicle," Smith said.

The site provides a variety of on-line materials and documents to meet the information needs of bankers, educators, research and governmental organizations, business professionals and the general public as well.

The service features regional economic information, information about the Fed, publications, press releases, Fed statistical releases and a full range of facts and data from its economic research, public affairs, financial services, bank supervision and community affairs departments. The Fed expects additional features to be added in the future, Smith said.

Those accessing the site can see a U.S. map highlighting the seven states of the 10th Federal Reserve District -- western Missouri, Kansas, Nebraska, Colorado, Oklahoma, Wyoming and northern New Mexico.

From the Fed's site, users can access three types of information: general information about the Fed and the Federal Reserve System, information from functional areas of the Fed, and special features.

Some features are cross-referenced and can be accessed through more than one main page. The Web site also provides links to other Federal Reserve Banks and the Board of Governors in Washington, D.C.

Currently 11 of the 12 Federal Reserve Banks have sites on the Internet, according to Smith. …

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