Federal Reserve System
Unified regulatory architecture needed in the US
An influential group of academics, former government officials and business leaders has called for an overhaul of the rules for supervising United States financial markets and stressed the need for a more integrated regulatory structure.
Kohn defends Fed lending against "fiscal" charges
The Federal Reserve's efforts to halt a financial meltdown with lending programmes targeted at specific markets should not be construed as fiscal aid, Don Kohn, the vice chairman of the central bank, has claimed.
Hoenig moots Fed for bigger payments role
A lack of competition, concerns over integrity and the existence of externalities in the payments sector justify a greater role for the Federal Reserve in the industry, Thomas Hoenig, the president of the Kansas City Fed, has said.
Fed's Rosengren bets on slow recovery
The unusual features of the current recession point to a slow recovery, Eric Rosengren, the president of the Boston Federal Reserve, has said.
Greenspan: we're still on the edge
Alan Greenspan, a former chairman of the Federal Reserve, has warned that American banks need to raise a lot more capital before the financial crisis can end.
Fed wants to stay silent on borrower details
The Federal Reserve will continue to resist calls by lawmakers to name and shame the recipients of central bank aid, Federal Open Market Committee minutes suggest.
A feast of books on the crisis
Robert Pringle and Hugh Sandeman review the first wave of books on the current global financial crisis
Getting systemic risk regulation right: an agenda for the US
Robert Litan says systemic regulation can be done, and sets out who should do it in the United States – and how
Fed aids Treasury in toxic-asset removal
To support the Treasury's plan to rid banks of toxic assets, the Federal Reserve on Tuesday said that it will take some mortgage-backed securities on to its books from July.
Minneapolis Fed puts downturn in perspective
The Minneapolis Federal Reserve has produced a series of charts comparing the current recession with other downturns in the United States in the post-war period.
Income distribution impacts the economy
Movements in the distribution of income can have a significant impact on the macroeconomy, a new paper from the St Louis Federal Reserve posits.
BIS data show derivatives market contracting
The rapid growth of the derivatives market reversed in the wake of the collapse of now-defunct investment bank Lehman Brothers - an event which revealed the fragility of the industry - data from the Bank for International Settlements (BIS) out Tuesday…
Fed outsources in-house cheque images system
The Federal Reserve has decided to migrate its archive of cheque images to a private provider in an effort to reduce costs.
More payment systems caused cheque decline
The decline in cheque use occurred mainly via an increase in the number of payment instruments per consumer, a new paper from the Boston Federal Reserve reveals.
Stanford's Taylor warns of balance-sheet threat
John Taylor, a former Federal Reserve economist now a professor at Stanford, has told lawmakers that the expansion of the Fed's balance sheet risks exacerbating inflation.
Changing patterns of wealth and income in the US
The Federal Reserve has produced a paper examining the distribution of wealth and income and their joint properties, based on data from the 1989-2007 Surveys of Consumer Finance.
The rule of law reduces terrorism
Research from the St. Louis Federal Reserve finds that countries with authoritarian regimes or mature democratic systems experience less terrorism.
Fed's Lacker blames safety net for crisis
A senior Federal Reserve official has said that the implicit guarantee that the government would step in and save those institutions deemed too big to fail was a key cause of the current economic malaise.
US experience so similar to ours: Japan deputy
The current situation in the United States bears a "remarkable resemblance" to Japan's lost decade, Kiyohiko Nishimura, a deputy governor at the Bank of Japan, has said.
US payments systems still evolving
Research by the Kansas City Federal Reserve looks back at some early payments systems and examines their status today and where they may be heading.
Fed loan survey shows signs of recovery
The most recent Senior Loan Officer Survey from the Federal Reserve found some evidence of economic recovery emerging.
Fed's Maiden Lane down $10 billion
More than 14% was wiped off the value of the assets held on the Federal Reserve's books as collateral for its bailouts of Bear Stearns, a now defunct investment bank, and American International Group (AIG), a beleaguered insurer, in the three months to…
NY Fed's Friedman quits over Goldman controversy
Stephen Friedman, the chairman of the New York Federal Reserve, has resigned after coming under pressure for buying shares in Goldman Sachs, an investment bank.
Bernanke defines macroprudential approach
Ben Bernanke, the chairman of the Federal Reserve, on Thursday detailed how a macroprudential approach to regulation would look.