Federal Reserve Bank of New York, Credit Supply and the Rise in College Tuition: Evidence from the Expansion in Federal Student Aid Program: When students fund their education through loans, changes in student borrowing and tuition are interlinked. Higher tuition costs raise loan demand, but loan supply also affects equilibrium...
TOKYO (Reuters) - Bank of Japan Deputy Governor Kikuo Iwata said on Tuesday he did not think that an interest rate increase by the U.S. Federal Reserve or the Bank of England will pose a risk to financial markets. Iwata, speaking atShow More Summary
From the Federal Reserve: The July 2015 Senior Loan Officer Opinion Survey on Bank Lending PracticesRegarding loans to businesses, the July survey results indicated that, on balance, banks reported little change in their standards on commercial and industrial (C&I) loans in the second quarter of 2015. Show More Summary
The credit union was set up last year to serve Colorado's marijuana industry, but it needed permission from federal insurers and regulators before opening for business. The Federal Reserve rejected Fourth Corner's application earlier this month... Show More Summary
"The Fourth Corner Credit Union in Denver applied in November to the Federal Reserve for a 'master account,' which would allow it to interact with other financial institutions and open its doors to some of the hundreds of state-licensed...Show More Summary
Richard Drew/AP By Noel Randewich NEW YORK -- U.S. stocks finished stronger Wednesday after the Federal Reserve said the economy and job market continued to strengthen and left its key interest rate unchanged. The central bank's comments...Show More Summary
Speaking of myths about U.S. banking, another that tops my list is the myth that the Federal Reserve, or some sort of central-bank-type arrangement, was the best conceivable solution to the ills of the pre-1914 U.S. monetary system. I...Show More Summary
Federal Reserve Chairwoman Janet Yellen may be skipping the Kansas City Fed’s high-profile conference in Jackson Hole, Wyo., this year, but the central bank’s critics are not.
There will be a new face at the Federal Reserve’s policy-setting meeting in Washington this week, the first of a string of turnovers as the central bank prepares for the next phase of the nation’s economic recovery. Patrick T. Harker will take a seat at the Fed’s 27-foot mahogany table as president of the Federal […]
Republicans on the House Financial Services Committee took their first step toward stripping the New York Federal Reserve bank of a key designation that could have an impact on how US monetary policy is set in the future. Right now the...Show More Summary
From the Philly Fed: The Federal Reserve Bank of Philadelphia has released the coincident indexes for the 50 states for June 2015. In the past month, the indexes increased in 40 states, decreased in seven, and remained stable in three, for a one-month diffusion index of 66. Show More Summary
In expanding the role of the Federal Reserve in the wake of the 2008 financial crisis, lawmakers created a high-ranking position at the central bank to oversee the new authority and report regularly to Congress about its progress.
The Kansas City Federal Reserve Bank said that manufacturing activity declined for the fifth straight month in July, albeit atRead the Rest...
From the Kansas City Fed: Tenth District Manufacturing Activity Declined AgainThe Federal Reserve Bank of Kansas City released the July Manufacturing Survey today. According to Chad Wilkerson, vice president and economist at the Federal...Show More Summary
Bank of America announced on Wednesday that CFO Bruce Thompson would be leaving the firm. The bank has struggled to meet regulatory standards in recent years, having had issues with three of the past five Federal Reserve stress tests. But...Show More Summary
(Reuters) - Bank of America Corp is replacing its chief financial officer, its wealth-management chief and naming a new official to oversee the firm’s stress tests with the Federal Reserve, the Wall Street Journal reported, quoting an internal memo. Show More Summary
By James Kwak “Fed Tells Big Banks to Shrink or Else,” the Wall Street Journal proclaimed in the headline of its lead story today. If only. What the Federal Reserve actually did is impose new, additional capital requirements for the … Continue reading ?
Yesterday (Monday), the U.S. Federal Reserve System approved a rule to require the nation's largest banks to hold a larger capital buffer.
The largest US banks will have to hold additional capital to protect themselves from bankruptcy, as well as to enhance financial stability, the US Federal Reserve said in a release announcing a new banking regulatory policy.
The Federal Reserve has set new capital surcharges for the country's eight largest banks.