Category: Business » Banking
Federal Reserve Board announces termination of enforcement action with The Tysan Corporation
21 May 17:04 | Business
Federal Reserve Board announces termination of enforcement action with The Tysan Corporationread more »
Federal Reserve announces results of offering of 28-day term deposits on May 20
21 May 17:04 | Business
Federal Reserve announces results of offering of 28-day term deposits on May 20read more »
Federal Reserve Board issues enforcement action with Bank of Montreal, BMO Financial Corp., and Bank of Montreal Chicago Branch
17 May 15:34 | Business
Federal Reserve Board issues enforcement action with Bank of Montreal, BMO Financial Corp., and Bank of Montreal Chicago Branchread more »
Mortgage Rates Climb for Second Straight Week
16 May 15:54 | Business
Mortgage rates moved higher for a second consecutive week, with the benchmark 30-year fixed mortgage rate climbing to 3.71 percent, according to Bankrate.com's weekly national survey.read more »
G17: G.17 Data for April 2013 are now available
16 May 07:34 | Business
Industrial production and capacity utilization data for April 2013 are now available.Industrial production decreased 0.5 percent in April after having increased 0.3 percent in March and 0.9 percent in February. Manufacturing output moved down 0.4 percent in April after a decline of 0.3 percent in March. The index for utilities decreased 3.7 percent in April, as heating demand fell back to a more typical seasonal level after having been elevated in March because of unusually cold weather. The output of mines increased 0.9 percent in April. At 98.7 percent of its 2007 average, total industrial production was 1.9 percent above its year-earlier level. The rate of capacity utilization for total industry decreased 0.5 percentage point to 77.8 percent, a rate 0.1 percentage point above its level of a year earlier but 2.4 percentage points below its long-run (1972--2012) average.read more »
CP: Correction to 90-day AA Financial Commercial Paper Rate for February 14, 2013
16 May 07:34 | Business
On February 15, the 90-day AA financial rate for February 14 was erroneously posted as 0.06. The correct rate is 0.34. After discovering the error, the Commercial Paper release was updated with the correct rate, as was the DDP database. read more »
Federal Reserve offers 28-day term deposits with full allotment at 26 basis points through its Term Deposit Facility
15 May 18:04 | Business
Federal Reserve offers 28-day term deposits with full allotment at 26 basis points through its Term Deposit Facilityread more »
BofA Merrill Lynch Fund Manager Survey Finds Investors Positioning For China Slowdown and Low Inflation
14 May 08:30 | Business
Investors are positioning themselves for slower growth in China andread more »
Federal Reserve Board announces that results of company-run, midyear stress tests are due on July 5
13 May 20:36 | Business
Federal Reserve Board announces that results of company-run, midyear stress tests are due on July 5read more »
Expansion in Regional Manufacturing Continues
10 May 2013 | Business
Manufacturing, a closely watched sector of the southeastern economy, continues its slow but steady expansion. A new SouthPoint post looks at results from a recent survey of purchasing managers to take the pulse of manufacturing.read more »
Behavior's Place in the Labor Force Participation Debate
10 May 2013 | Business
Among the discussion of changes in the labor force participation rate, the changing behavior of some demographic groups is one of the overlooked factors. A new macroblog post looks at some recent research and offers some observations on this key labor market statistic.read more »
Mortgage Rates Rebound After Better Jobs Report: Bankrate
9 May 2013 | Business
After declining for seven straight weeks, mortgage rates moved higher following better than expected news about jobs, with the benchmark 30-year fixed mortgage rate increasing to 3.6 percent, according to Bankrate.com's weekly national survey. read more »
Deflation Probability Measures Still at Zero
9 May 2013 | Business
One measure of the probability of deflation for the 2012-17 period is 0 percent, where it has been most days since early February this year. The 2013-18 year TIPS issued in July 2008, is also 0 percent.read more »
Weighing In on the Recent Discrepancy in the Inflation Statistics
9 May 2013 | Business
Inflation is always a subject of close scrutiny, and there are numerous ways to measure it. Some common inflation measures have recently demonstrated some divergence, and a new macroblog post delves into the data to see why.read more »
Financial Life Is Tough--Students Should Be Prepared
9 May 2013 | Business
Even financially savvy consumers can experience serious financial problems--because of an illness, for example. Extra Credit offers teachers information on nonprofit financial counseling agencies that can give support to people going through tough financial times.read more »
Federal Reserve provides additional information on borrowers whose mortgages were serviced by Goldman Sachs and Morgan Stanley
8 May 2013 | Business
Federal Reserve provides additional information on borrowers whose mortgages were serviced by Goldman Sachs and Morgan Stanleyread more »
Productivity: The New Badge of Honor for Businesses
8 May 2013 | Business
Most business contacts expect the same or higher growth in their businesses over the near term. Some companies have achieved greater productivity with fewer workers. According to Southeastern Insights, they've also improved efficiency by meeting increased demand through automation and streamlined processes.read more »
Productivity: The New Badge of Honor for Businesses
8 May 2013 | Business
Most business contacts expect the same or higher growth in their businesses over the near term. Some companies have achieved greater productivity with fewer workers. According to Southeastern Insights, theyâ??ve also improved efficiency by meeting increased demand through automation and streamlined processes.read more »
Food for Thought
8 May 2013 | Business
While agriculture no longer drives the southeastern economy as it once did, it is still a significant sector in the region. The Atlanta Fed recently met with some of its agricultural contacts, and SouthPoint reports on some notable observations.read more »
Federal Reserve Board announces termination of enforcement action with Greer Bancshares Incorporated
7 May 2013 | Business
Federal Reserve Board announces termination of enforcement action with Greer Bancshares Incorporatedread more »
Bank of America and Vital Voices Empower Women to Reach Their Full Economic Potential Across Southeast Asia
7 May 2013 | Business
May 7, 2013, 9:00 am EDT Bank of America and Vital Voices Empower Women to Reach Their Full Economic Potential Across Southeast Asiaread more »
Bank of America Announces Comprehensive Settlement With MBIA Inc.
6 May 2013 | Business
May 6, 2013, 3:28 pm EDT Bank of America Announces Comprehensive Settlement With MBIA Inc.read more »
Merrill Lynch Study Examines Americans’ Perspectives on New Retirement Realities and the Longevity Bonus
6 May 2013 | Business
May 6, 2013, 9:00 am EDT Merrill Lynch Study Examines Americans’ Perspectives on New Retirement Realities and the Longevity Bonusread more »
Staying One Step Ahead of ATM Attacks
6 May 2013 | Business
Criminals will resort to any method to get at the contents of ATMs, including injecting them with explosive liquids then igniting them. Portals and Rails reiterates that stakeholders in the payments system must always anticipate the next type of attack and take preventive measures.read more »
Building a Better Jobs Calculator: Choose Your Own Payroll/Household Employment Ratio
3 May 2013 | Business
The labor market is a dynamic mosaic composed of many moving parts. To allow more flexibility for the user, the Atlanta Fed has enhanced its Jobs Calculator, and a new macroblog post discusses what the change means for Jobs Calculator projections.read more »
Jobs Calculator Updated with April Data, Revisions
3 May 2013 | Business
The economy added 165,000 nonfarm jobs in April, according to the U.S. Bureau of Labor Statistics. Check out the Jobs Calculator to see how changes in payrolls and other key labor force statistics influence the unemployment rate.read more »
Mortgage Rates Close To Record Lows
2 May 2013 | Business
Mortgage rates declined across the board this week, with the benchmark 30-year fixed mortgage rate falling to the second lowest level on record at 3.52 percent, according to Bankrate.com's weekly national survey. read more »
Federal Reserve Board issues enforcement action with the Baraboo Bancorporation, and termination of enforcement actions with Harbor Bankshares Corporation and NorCal Community Bancorp
2 May 2013 | Business
Federal Reserve Board issues enforcement action with the Baraboo Bancorporation, and termination of enforcement actions with Harbor Bankshares Corporation and NorCal Community Bancorpread more »
Deflation Probabilities Still Virtually Stationary
2 May 2013 | Business
One measure of the probability of deflation for the 2012-17 period is 0 percent, where it has been most days since early February this year. The 2013-18 deflation probability, based on the 5-year TIPS issued this month and the 10-year TIPS issued in July 2008, is also 0 percent.read more »
A Summary of the Final Remittance Transfer Rule (Section 1073)
2 May 2013 | Business
Section 1073 of the Dodd-Frank Act creates new protections for U.S consumers sending money abroad. This article describes the background for the rule, explains what the rule covers, and clarifies exceptions to the rule.read more »
Federal Reserve issues FOMC statement
1 May 2013 | Business
Federal Reserve issues FOMC statementread more »
Interest Rates Unchanged As Economy Shows "Moderate" Growth
1 May 2013 | Business
The Federal Reserve has left interest rates at historically low levels with economic activity expanding at a "moderate pace" in the United States. read more »
2012 Annual Report Now Available
1 May 2013 | Business
The Atlanta Fed's annual report, Turning Points: 7 Critical Conversations About the Economy in 2012, examines the interaction between the economy and monetary policy over the past year. The dynamic, online annual report features video conversations, interactive graphs, and more.read more »
Southeast Housing Update: Inventory Shortages Appear to Constrain Sales
30 Apr 2013 | Business
The slowdown in housing construction that occurred during the recession is being manifested in depleted inventories, pushing up prices, if only incrementally. The Atlanta Fed recently polled its contacts in the housing industry to take the pulse of activity, and SouthPoint looks at the results.read more »
Payments to Goldman Sachs and Morgan Stanley borrowers covered by foreclosure agreement to begin May 3
29 Apr 2013 | Business
Payments to Goldman Sachs and Morgan Stanley borrowers covered by foreclosure agreement to begin May 3read more »
Merrill Lynch Named Advisory Solutions Firm of the Year by Money Management Institute
29 Apr 2013 | Business
Merrill Lynch Wealth Management was named Advisory Solutions Firm of theread more »
It's Time for Better Online Authentication Solutions
29 Apr 2013 | Business
Requiring some form of authentication is better than requiring none. However, Portals and Rails suggests that "some" generally means a user name and password and perhaps a set of knowledge-based challenge questions. Is it time for more?read more »
Federal Reserve announces small-value fixed-rate term deposit operations
26 Apr 2013 | Business
Federal Reserve announces small-value fixed-rate term deposit operationsread more »
Regional Housing Market Continues to Advance
26 Apr 2013 | Business
Residential brokers and builders report greater sales in March, compared to a year ago. The Atlanta Fed's Construction and Real Estate Survey also shows that home inventories continue to decline on a year-over-year basis.read more »
Data Digest: Southeast Economy Improving Steadily
26 Apr 2013 | Business
The latest Data Digest notes modest gains in the region's housing and labor markets in the first few months of 2013. Manufacturing activity in the Southeast also showed signs of strengthening.read more »
Federal Reserve Board issues enforcement actions with Freedom Bancorporation and Freedom Bank of Oklahoma
25 Apr 2013 | Business
Federal Reserve Board issues enforcement actions with Freedom Bancorporation and Freedom Bank of Oklahomaread more »
Mortgage Rates Drift Lower, 15 Year Rate Hits Record Low
25 Apr 2013 | Business
Fixed mortgage rates fell for the sixth straight week, with the benchmark 30-year fixed mortgage rate retreating to a four month low of 3.57 percent, according to Bankrate.com's weekly national survey. read more »
New 100 Dollar Note Coming in October
25 Apr 2013 | Business
A redesigned 100 dollar note will begin circulation on October 8, 2013, the Federal Reserve Board recently announced. The new 100 dollar note incorporates two advanced security features that offer a simple, reliable way to verify the note's authenticity.read more »
Fed Gov. Raskin: Wealth, Income Distribution a Subject Ripe for Deeper Research
25 Apr 2013 | Business
Because of the Great Recession's punishing effects on lower- and middle-income households, and given the role that income and wealth inequality might have played in the financial crisis, macroeconomists should more deeply explore wealth and income distribution, Federal Reserve Governor Sarah Bloom Raskin said in a recent speech.read more »
Fed Vice Chair Yellen: Guidance, Asset Purchases Supporting Recovery
25 Apr 2013 | Business
Federal Reserve Vice Chair Janet Yellen recently said the Fed's accommodative monetary policy actions since the financial crisis have lent meaningful support to the economic recovery, as the central bank has relied on forward guidance about the path of the federal funds rate and large-scale asset purchases.read more »
Deflation Probability Updated
25 Apr 2013 | Business
One measure of the probability of deflation for the 2012-17 period is 0 percent, where it has been most days since early February this year. The 2013-18 deflation probability, based on the 5-year TIPS issued this month and the 10-year TIPS issued in July 2008, is also 0 percent.read more »
Beige Book: Southeast, U.S. Exhibiting Similar Trends
25 Apr 2013 | Business
Eight times a year, the Beige Book summarizes information about regional and national economic activity. In the wake of the recent Beige Book release, SouthPoint compares national and southeastern reports of economic activity and finds numerous similarities.read more »
Federal Reserve announces issue date of redesigned $100 note
24 Apr 2013 | Business
Federal Reserve announces issue date of redesigned $100 noteread more »
H41: H.4.1 historical data available in DDP
23 Apr 2013 | Business
Historical data through April 17, 2013, for the H.4.1 posted to the Data Download Program (DDP) are now available for download.read more »
Federal Reserve Board announces termination of enforcement action with Plumas Bancorp
23 Apr 2013 | Business
Federal Reserve Board announces termination of enforcement action with Plumas Bancorpread more »
