Recently added articles from Federal Reserve Bulletin:
Recent developments in the credit card market and the financial obligations ratio.
Sep 22, 2005; Johnson, Kathleen W. ... Over the past fifteen years, U.S. households in the aggregate have devoted an increasing share of their after-tax income to the payment of financial obligations. Much of the increase is attributable to a rise in the level of credit card debt, which has raised the share of households' ...
Report on the condition of the U.S. Banking Industry: Second Quarter, 2005.
Sep 22, 2005 ... Assets at reporting bank holding companies rose $234.6 billion in the second quarter, with loan growth accounting for $163.5 billion, or almost 70 percent of the increase in assets over the period. Aggregate assets of reporting bank holding companies reached $10.9 trillion, 2.2 percent ...
Chairman Alan Greenspan names Governor Donald L. Kohn as designee.(Announcements)(Brief Article)
Sep 22, 2005 ... Federal Reserve Board Chairman Alan Greenspan named on August 17, 2005, Governor Donald L. Kohn to replace Governor Edward M. Gramlich as the Chairman's designee on four federal loan guarantee boards, effective September 1, 2005. Governor Gramlich's resignation from the Board of Governors ...
Statement by Chairman Alan Greenspan on the appointment of Ben S. Bernanke.(Announcements)(Brief Article)
Sep 22, 2005 ... "The President has made a distinguished appointment in Ben Bernanke. Ben comes with superb academic credentials and important insights ...
Change in tentative Federal Open market committee meeting schedule for 2006.(Announcements)
Sep 22, 2005 ... The Federal Open Market Committee announced on September 9, 2005, a change in its tentative meeting schedule for 2006. The Committee plans to hold its first scheduled meeting of the year on Tuesday, January 31, 2006. It had ...
Federal Open Market Committee statements.(Announcements)
Sep 22, 2005 ... The Federal Open Market Committee decided on September 20, 2005, to raise its target for the federal funds rate 25 basis points, to 3 3/4 percent. Output appeared poised to continue growing at a good pace before the tragic toll of Hurricane Katrina. The widespread devastation in ...
Increase in discount rate.(Announcements)(Brief Article)
Sep 22, 2005 ... The Federal Reserve Board approved on September 20, 2005, an action by the Board of Directors of the Federal Reserve Bank of San Francisco, increasing the discount rate at the Bank from 4 1/2 percent to 4 3/4 percent. The Board also approved an action by the Board of Directors ...
Proposed amendments to Regulation E.(Announcements)(Electronic Fund Transfers law)(Brief Article)
Sep 22, 2005 ... The Federal Reserve Board published on August 19, 2005, proposed amendments to Regulation E (Electronic Fund Transfers), which implements the Electronic Fund Transfer Act, and to the regulation's official staff commentary that clarify the disclosure obligations of automated teller machine ...
Request for comment on Regulation Z.(Announcements)(Truth in Lending Act)(Brief Article)
Sep 22, 2005 ... The Federal Reserve Board, on October 11, 2005, issued for public comment a second advance notice of proposed rulemaking (ANPR) concerning the open-end (revolving) credit rules of the Board's Regulation Z (Truth in Lending), which implements the Truth in Lending Act (TILA). The second ANPR ...
Amendment to Regulation CC, Appendix A.(Announcements)(Availability of Funds and Collection of Checks law)
Sep 22, 2005 ... The Federal Reserve Board announced on October 12, 2005, amendments to appendix A of Regulation CC (Availability of Funds and Collection of Checks) that reflect the restructuring of the Federal Reserve's check-processing operations in the Fourth, Tenth, and Eleventh Districts. These ...
Proposal to expand the definition of a Small Bank Holding Company.(Announcements)
Sep 22, 2005 ... The Federal Reserve Board proposed on September 7, 2005, expanding the definition of a small bank holding company (BHC) under the Board's Small Bank Holding Company Policy and the Board's risk-based and leverage capital guidelines for bank holding companies. The policy statement ...
Board statement on Supervisory Practices for financial institutions and borrowers affected by Hurricane Katrina.(Announcements)(Brief Article)
Sep 22, 2005 ... The Federal Reserve Board on September 15, 2005, encouraged banking organizations to work with borrowers and other customers in communities affected by Hurricane ...
Orders exempting bank transfer agents affected by Hurricane Katrina.(Announcements)(Brief Article)
Sep 22, 2005 ... The federal banking agencies announced on September 28, 2005, the issuance of orders granting emergency relief to bank transfer agents affected by Hurricane Katrina. The orders cover national banks, state member banks, state nonmember banks, bank holding companies, and bank subsidiaries ....
Waiver of appraisal requirements for financial institutions affected by Hurricanes Katrina and Rita.(Announcements)
Sep 22, 2005 ... The Federal Reserve Board announced its approval on October 6, 2005, of an order waiving its appraisal requirements for three years for regulated financial institutions affected by Hurricanes Katrina and Rita. This action was coordinated with the Office of the Comptroller of the Currency, ...
Annual adjustments for reserve calculations and deposit reporting.(Announcements)
Sep 22, 2005 ... The Federal Reserve Board announced on October 4, 2005, the annual indexing of the low reserve tranche and of the reserve requirement exemption amount for 2006. These amounts are used in the calculation of reserve requirements of depository institutions. The Board also announced the annual ...
Proposed revisions to 1998 Basel Capital Accord (Basel I).(Announcements)(Brief Article)
Sep 22, 2005 ... The Federal Reserve Board decided on October 6, 2005, to request public comment on proposed revisions to the U.S. risk-based capital standards for banking organizations. These current standards are based upon the 1988 Basel Capital Accord, also known as Basel I. The proposed ...
Modifications to methodology used to calculate private-sector adjustment factor.(Announcements)(Brief Article)
Sep 22, 2005 ... The Federal Reserve Board announced on October 12, 2005, modifications to the methodology used to calculate the private-sector adjustment factor (PSAF), which is used in setting fees for certain payment services provided to depository institutions. The Monetary Control Act of ...
Fee schedules for Federal Reserve Bank priced services.(Announcements)
Sep 22, 2005 ... The Federal Reserve Board approved fee schedules on November 2, 2005, for Federal Reserve Bank payment services for depository institutions (priced services), effective January 3, 2006. The Reserve Banks project that they will recover 102.5 percent of all their priced services ...
List of distressed and underserved nonmetropolitan middle-income geographies.(Announcements)
Sep 22, 2005 ... The federal banking agencies announced on August 30, 2005, the availability of the list of distressed and underserved nonmetropolitan middle-income geographies in which bank revitalization or stabilization activities will receive consideration under the Community Reinvestment Act (CRA) as ...
Insured depository institutions encouraged to assist displaced customers.(Announcements)
Sep 22, 2005 ... The Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, the National Credit Union Administration, the Office of the Comptroller of the Currency, and the Office of Thrift Supervision (the agencies), and the Conference of State Bank Supervisors asked ...
