Federal Reserve

Consumer Groups Call On Federal Reserve Board to Adopt Stricter Gift Card Rules; Fed Urged to Limit Fees & Make Gift Cards More Consumer Friendly Source: Consumers Union In comments filed with the Federal Reserve Board today, consumer groups urged regulators to rein in gift card fees and related terms and conditions that can quickly diminish [...]  

In October 2009, I had the opportunity to sit down and talk with Francisca Richter. The interview is presented below. Doug Campbell was kind enough to arrange this. I had a great time and I hope this new magazine is as well read as the Federal Reserve of Minneapolis' publication.Here is the first issue in pdf format.Here is another link Here is the video . I apologize for my odd lookand here is the web link.For those of you who know me, you...  

SAN FRANCISCO--(BUSINESS WIRE)--The Board of Governors of the Federal Reserve System redesignated T. Gary Rogers and Douglas W. Shorenstein chairman and deputy chairman of the board of directors of the Federal Reserve Bank of San Francisco for 2010. Mr. Rogers was also reappointed to the San Francisco Fed's board by the Board of Governors to the first year of a three year term for 2010. Mr. Rogers is the recently retired chairman of Levi...  

Filed under: Forecasts, Other issues, Good news, Money and Finance Today, Economic data, Headline news, Federal Reserve, Recession, Financial CrisisThe Federal Reserve Open Market Committee (FOMC) issued its statement indicating again that interest rates will remain low for an extended period of time. The decision was unanimous. The Fed continues to avoid any potential language which could disrupt the financial markets. Chairman Bernanke, a...  

Crystal Window & Door Systems Executive Vice President Steve Chen has accepted a special invitation to join the Advisory Council on Small Business to the president of the Federal Reserve Bank of New York. This advisory council provides a forum to informally share insights on economic and financial conditions affecting small and mid-size businesses in the region and the nation as a whole.read more  

Mark J. Perry submits: According to a report just released by the Federal Reserve Bank of Cleveland, the median Consumer Price Index was virtually unchanged at 0.0% (0.2% annualized rate) in November. The median CPI is a measure of core inflation calculated by the Federal Reserve Bank of Cleveland based on data released in the Bureau of Labor Statistics' ((BLS)) monthly CPI report.Complete Story »  

The huge amount of excess reserves in the U.S. banking system have led many observers to fret that the system is broken. The critics say that the vast quantity of excess reserves indicate that the Federal Reserve’s attempts to get banks lending again aren’t working. But the worries are unfounded, says Todd Keister and James McAndrews of the Federal Reserve Bank of New York. Their new paper, Why are Banks Holding So Many Excess Reserves...  

William C. Dudley, president and chief executive officer of the Federal Reserve Bank of New York, said at a World Leaders Forum event in Low Library on Dec. 7 that the worst of the economic crisis has ended, but cautioned that it will be some time before a full recovery is realized.  

The recovery gained traction in the late fall as shoppers spent a bit more and factories bumped up production. It marked the Federal Reserve’s most upbeat assessment of the economy since it tumbled into recession two years ago. The Fed’s new snapshot of business barometers nationwide, released today, found that “economic conditions have generally improved” since the last report in late October.  

After a speech on revitalizing neighborhoods in Maryland Wednesday, Elizabeth Duke, a governor of the board of the Federal Reserve System presented framework for a “better-functioning” mortgage market while speaking at the Federal Reserve Bank of Chicago. Data collected under the Home Mortgage Disclosure Act for 2008 showed a fractured market for housing finance, Duke said, [...]  

The Federal Reserve is taking steps to fine-tune a strategy to reel in some of the unprecedented amount of money that's been pumped into the economy during the financial crisis. The Federal Reserve Bank of New York said Monday that investors and others... Federal Reserve Bank of New York - Federal Reserve System - Financial crisis - Central bank - Government  

William C. Dudley, president and chief executive officer of the Federal Reserve Bank of New York, speaks during the Columbia University World Leaders Forum in New York, US, on Monday, Dec. 7, 2009. Growth in the US economy will probably ...  

Julia Werdigier reports from England: Paul A. Volcker, the former chairman of the Federal Reserve and an adviser to President Obama, told a room packed with banking executives on Tuesday to "wake up" to the need for more drastic regulatory changes. "Has there been one financial leader standing up and saying, ‘This is really excessive’?," Mr. Volcker asked about 80 bankers, executives and investors at a conference organized by The Wall...  

The Federal Reserve Bank of Philadelphia said Thursday that three new members have joined its board of directors. James E. Nevels, founder and CEO of the Swarthmore Group, was appointed by the Federal Reserve Board in Washington. Deborah M. Fretz, president and CEO of Sunoco Logistics Partners, was elected to a term by bankers to represent the business community. Aaron L. Groff, chairman, president, and CEO of Ephrata National Bank, was re...  

SUFFOLK, Va. and RICHMOND, Va., Dec. 8 /PRNewswire-FirstCall/ -- First Bankshares, Inc. (Nasdaq: SUFB) and Xenith Corporation today announced that the Federal Reserve Bank of Dallas, acting under authority delegated by the Board of Governors of the Federal Reserve, has granted the federal bank regulatory approvals necessary to consummate the merger of First Bankshares and Xenith Corporation. The merger was previously approved by the Virginia...