United States
Fed proposes role change as emergency bank lender
US - The Federal Reserve yesterday proposed a change in its capacity as lender of last resort, essentially suggesting that credit markets have more of an influence in determining its lending rate on emergency loans to cash-strapped banks.
AIB signs new risk-control agreement
US - The Federal Reserve Bank of Richmond, the Maryland Commissioner of Financial Regulation and the Central Bank of Ireland have signed a written agreement with Allied Irish Banks, Allfirst Financial and Allfirst Bank setting out the steps to be taken…
Research from the Kansas City Federal Reserve Bank
RESEARCH - How High Tech is the Tenth District? by Chad Wilkerson.
Fed's Moskow - Much uncertainty on U.S. recovery
US - Uncertainty lingers over the early shape of the U.S. recovery though the economy is on track for moderate growth and the long-term outlook is good, a Federal Reserve official said on Thursday.
IMF says HK dlr peg good but needs constant review
US - Hong Kong's dollar peg is appropriate for the region's economy, the International Monetary Fund said on Wednesday, but warned it is a policy that requires constant review.
Speech by Fed Vice Chairman Roger Ferguson, 13 May
SPEECH - In a speech titled 'Reflections on Financial Literacy' Ferguson said that financial education is important to ensure U.S. residents enjoy the benefits provided by a market economy to the fullest extent possible.
Speech by A Santomero of Philadelphia Fed, 13 May
SPEECH - Santomero said in the speech titled 'Forces Shaping Philadelphia's Future' that US economic growth is likely to moderate during the second quarter from its robust 5.8 percent first-quarter pace, but that the economy is building a solid recovery.
IMF Economic Issues, May 2002
REPORT - Moral Hazard: Does IMF Financing Encourage Imprudence by Borrowers and Lenders? by Timothy Lane and Steven Phillips , 3 May 2002.
Issues in Electronic Banking: An Overview
RESEARCH - IMF Policy Discussion Paper 02/6 by Andrea Schaechter, Monetary and Exchange Affairs Department.
Chicago fed forum evolves into Basel 2 battle
FEATURE - The big question posed at this year's premier bank policy event was how to break regulators' tendency to exacerbate business cycles by backing off in boom times and cracking down when the economy slows.
Interview with Robert Mundell
FEATURE - One hundred days after the introduction of the euro Robert Pringle spoke with its self-styled "godfather" and Nobel Prize winner Robert Mundell in an exclusive interview for the latest edition of Central Banking journal.
Santomero - US growth likely 'bit slower' in Q2
US - Economic growth in the second quarter is likely to be a "bit slower" than the 5.8 pct growth rate in the January-March quarter, said Anthony Santomero, the president of the Federal Reserve Bank of Philadelphia.
Speech by Fed Vice Chairman Roger Ferguson, 11 May
SPEECH - In a speech titled 'Thoughts on Success in Life' Ferguson said that the link between education and economic success is well documented and as the first black American to become Fed vice chairman, said differences in educational levels, work…
Minutes of the Federal Open Market Committee
MINUTES - The Federal Reserve Board on Thursday released the minutes of its Federal Open Market Committee Meeting of 19 March 2002, released 9 May.
Federal Reserve Board Press Release, 9 May
PRESS RELEASE - Mail processed in a secure facility outside the Federal Reserve Board buildings has tested positive for traces of anthrax DNA.
Speech by Fed Chairman Alan Greenspan, 10 May
SPEECH - In a speech titled 'Cyclicality and Banking Regulation' to the Chicago banking conference Greenspan said it was natural for bankers to grow more cautious in their lending practices during bad times.
Bush pays tribute to US economist Milton Friedman
US - President Bush Thursday paid tribute to U.S. economist Milton Friedman. The Nobel-Prize-winner's free-market approach is central to the Bush administration's trade policy.
Ferguson - global economy robust on anti-terrorism
US - The global economy won't feel any impact from the increased cost of security and disaster-planning needed in the wake of the September 11 terrorist attacks, said Roger Ferguson, vice chairman of the Federal Reserve board.
Greenspan urges banks to rely on risk management
US - Federal Reserve Chairman Alan Greenspan said Friday that commercial banks and banking regulators need to rely more on the emerging field of risk management to control loan defaults during periods of economic weakness.
Charting an ongoing evolution of e-payments
FEATURE - In her 32 years with the Federal Reserve System, Cathy E. Minehan, the president and chief executive officer of the Federal Reserve Bank of Boston, has heard plenty of talk about the paperless society.
Anthrax found on federal reserve mail
US - The Federal Reserve reported today that about 20 pieces of mail tested positive for traces of anthrax in an initial screening.
Speech by Fed Vice Chairman Roger Ferguson, 9 May
SPEECH - In the speech titled 'Implications of 9/11 for the Financial Services Sector' Ferguson said U.S. financial services firms have gone a long way to bolstering crisis planning to deal with emergencies like the September 11 attacks.
Federal Reserve Board Press Release
PRESS RELEASE - Monetary Policy Decisions, 7 May.
US rates left on hold - for now
US - The US Federal Reserve has left interest rates unchanged at their current 40-year low of 1.75%, citing 'uncertain' growth prospects in the coming months.