Changes in U.S. Payments Fraud from 2012 to 2016: Evidence from the Federal Reserve Payments Study. October 2018: “The value of fraudulent noncash payments in the United States rose significantly between 2012 and 2015–outpacing growth in noncash payments overall, according to a new report based on Federal Reserve Payments Study data. The study’s survey of… Continue Reading
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Statement to Congress: Oppose Proposals To End Independent Federal Reserve Funding
Americans for Financial Reform (AFR) sent a statement to the House Financial Services Committee regarding proposals to end independent funding for Federal Reserve bank regulation and supervision. “On behalf of Americans for Financial Reform (AFR), we are writing to stateour opposition to legislative proposals that would end independent funding for Federal Reserve supervision and regulation… Continue Reading
Bank Systemic Risk Regulation: The $50 Billion Threshold in the Dodd-Frank Act
Bank Systemic Risk Regulation: The $50 Billion Threshold in the Dodd-Frank Act, December 6, 2017. The 2007-2009 financial crisis highlighted the problem of “too big to fail” financial institutions—the concept that the failure of a large financial firmc ould trigger financial instability, which in several cases prompted extraordinary federal assistance to prevent their failure. This… Continue Reading
The Power of Regional Food System Investments to Transform Communities
New book published jointly by the USDA and the Federal Reserve Bank of St. Louis – Harvesting Opportunity: The Power of Regional Food System Investment to Transform Communities “This publication is designed to highlight the prospects available in the regional food systems sector, advance efforts to provide meaningful earnings and job opportunities for low- and… Continue Reading
New Executive Order on Federal Control of Education Identifies Power of States Rights
Presidential Executive Order on Enforcing Statutory Prohibitions on Federal Control of Education EXECUTIVE ORDER – April 26, 2017 – – – – – – – ENFORCING STATUTORY PROHIBITIONS ON FEDERAL CONTROL OF EDUCATION By the authority vested in me as President by the Constitution and the laws of the United States of America, and in… Continue Reading
Federal Reserve Board Beige Book – March 01, 2017
“National Summary – This report was prepared at the Federal Reserve Bank of New York based on information collected on or before February 17, 2017. This document summarizes comments received from contacts outside the Federal Reserve System and is not a commentary on the views of Federal Reserve officials. Overall Economic Activity – Reports from… Continue Reading
Minutes of the Federal Open Market Committee, July 26-27, 2016
Minutes of the Federal Open Market Committee – Long-Run Monetary Policy Implementation Framework – “The staff provided several briefings that reviewed progress on a long-term effort begun in July 2015 to evaluate potential long-run frameworks for monetary policy implementation. The briefings highlighted some foundational considerations that are relevant for such an evaluation. The staff described… Continue Reading
Federal Reserve Board Statistical Releases: a Publications History
Finance and Economics Discussion Series Divisions of Research & Statistics and Monetary Affairs Federal Reserve Board, Washington, D.C. – Federal Reserve Board Statistical Releases: a Publications History, Sian L. Seldin, 2016-016. “The Board of Governors of the Federal Reserve System has published extensive statistical information on the U.S. economy and banking industry since 1914. This… Continue Reading
Beige Book – Summary of Commentary on Current Economic Conditions by Federal Reserve District – June 1, 2016
Summary of Commentary on Current Economic Conditions by Federal Reserve District Prepared at the Federal Reserve Bank of Minneapolis and based on information collected before May 23, 2016. This document summarizes comments received from business and other contacts outside the Federal Reserve System and is not a commentary on the views of Federal Reserve officials.… Continue Reading
Federal Reserve Board proposes rule to support U.S. financial stability by enhancing the resolvability of very large and complex financial firms
“The Federal Reserve Board on Tuesday proposed a rule [May 3, 2016] to support U.S. financial stability by enhancing the resolvability of very large and complex financial firms. The proposal would require U.S. global systemically important banking institutions (GSIBs) and the U.S. operations of foreign GSIBs to amend contracts for common financial transactions to prevent… Continue Reading
Agencies Announce Determinations Provide Feedback on Resolution Plans of 8 Systemically Important, Domestic Banking Institutions
Federal Reserve news release: “The Federal Deposit Insurance Corporation and the Federal Reserve Board on Wednesday jointly announced determinations and provided firm-specific feedback on the 2015 resolution plans of eight systemically important, domestic banking institutions. The agencies have jointly determined that each of the 2015 resolution plans of Bank of America, Bank of New York… Continue Reading
The Role of the Federal Reserve – Lessons from Financial Crises
The Role of the Federal Reserve—Lessons from Financial Crises – March 31, 2016 – William C. Dudley, President and Chief Executive Officer – Remarks at the Annual Meeting of the Virginia Association of Economists, Virginia Military Institute, Lexington, Virginia As prepared for delivery: “…The crisis showed that the regulatory community did not fully grasp the… Continue Reading
