In this article, authors Michael J. Fleming and Nicholas J. Klagge examine the effects of the liquidity
facilities on the Federal Reserve's interest and
fee income between August 2007 and December 2009 — the period of the
facilities» greatest usage.
Practices focusing on low
income clients might, for the time being, feel that data analytics was beyond them but enhanced search
facilities, document assembly and conversation assembly may well be exactly what they need to develop their low
fee, high turnover practices.