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The U.S. commercial paper market, an important source of short-term funds for corporations, changed in many ways over the past decade. At the start of the 1980s, the market was [...]

In existence since 1983, asset-backed commercial paper programs have grown substantially over the past two years. These programs involve the securitization of assets and are attractive to companies because they [...]

On March 26 and 27, 2004, the Federal Reserve Board held a conference in Washington, D.C., on the application of economic models to the analysis of monetary policy issues. The [...]

Gregg Forte, of the Board's Division of Research and Statistics, prepared this article. The International Research Forum on Monetary Policy held its second conference on November 14 and 15, 2003. [...]

Four financial services regulatory agencies issued on August 30, 2002, the 'Draft White Paper on Sound Practices to Strengthen the Resilience of the U.S. Financial System.' The sound practices identified [...]

The new Series-1996 $100 notes issued by the Federal Reserve since Mar 1996 represent a complete design change which should deter counterfeiting. To prevent inconveniencing the public, older $100 bills will continue as legal tender until deposit at Federal Reserve Banks. Statistics are included for $100 notes in circulation in the US and internationally.

Statement by Theodore E. Allison, Assistant to the Board for Federal Reserve System Affairs, Board of Governors of the Federal Reserve System, before the Task Force on Economic Policy, Projections, [...]

The following white paper was released on March 26, 1990, and updates a general policy statement first issued by the Federal Reserve Board in 1984. This paper sets out the [...]

The Basel Committee on Banking Supervision has issued three papers providing guidance on managing risk in banking. The papers are part of the committee's ongoing effort to strengthen procedures for [...]

Policy Targets and Operating Procedures in the 1990s A presentation entitled 'Policy Targets and Operating Procedures in the 1990s' could cover many topics. What this paper will not deal with [...]

The Federal Reserve Banks on June 16, 2004, announced a strategy to accommodate the evolution of the nation's payments system from paper check processing to electronic processing, a development driven [...]

As part of their ongoing effort to respond to the significant shift away from the use of paper checks and toward the much greater use of electronic payments, the Federal [...]

Introduction and Summary Finance companies are nondepository financial firms whose primary business is providing debt and lease financing to consumers and businesses. At the end of 2015, finance companies held [...]

This article provides an overview of residential mortgage lending in 2016 and discusses a number of changes in mortgage market activity over time based on data reported under the Home [...]

The Federal Reserve Board's triennial Survey of Consumer Finances (SCF) collects information about family incomes, net worth, balance sheet components, credit use, and other financial outcomes. (1) The 2016 SCF [...]

This article provides an overview of residential mortgage lending in 2015 and discusses a number of changes in mortgage market activity over time based on data reported under the Home [...]

CIT Group, Inc. Livingston, New Jersey CIT Group, Inc. ('CIT Group'), Livingston, New Jersey, a financial holding company within the meaning of the Bank Holding Company Act of 1956 ('BHC [...]

This article provides an overview of residential mortgage lending in 2014 and discusses a number of changes in mortgage market activity over time based on data reported under the Home [...]

The Federal Reserve Board's triennial Survey of Consumer Finances (SCF) collects information about family incomes, net worth, balance sheet components, credit use, and other financial outcomes. (1) The 2013 SCF [...]

Mercantile Bank Corporation Grand Rapids, Michigan Order Approving the Merger of Bank Holding Companies and Determination on a Financial Holding Company Election FRB Order No. 2014-8 (May 7, 2014) Mercantile [...]

Green Dot Bank Provo, Utah. FRB Order No. 2013-10 (November 22, 2013) Green Dot Bank DBA Bonneville Bank, Provo, Utah, a state member bank, has applied under section 18(c) of [...]

By offering consumers both a means to pay for goods and services and a source of credit to finance such purchases, credit cards have become the most widely used credit [...]

Incidence of Higher-Priced Lending by Race, Ethnicity, and Sex Overall, the reported incidence of higher-priced lending was about 50 basis points lower in 2012 than in 2011 (data for 2011 [...]

Mobile phone use has become a standard aspect of daily life for many Americans in the last decade. The increased use of these devices coupled with the evolution of technologies [...]

Nonfinancial Assets By definition, a decrease in nonfinancial assets as a share of total assets from 2007 to 2010 must exactly offset the 3.9 percentage point rise in the share [...]

The Federal Reserve Board's Survey of Consumer Finances (SCF) for 2010 provides insights into changes in family income and net worth since the 2007 survey. (1) The survey shows that, [...]

Understanding and accurately measuring cross-border financial flows and positions has long been important for analysis of portfolio exposures, but the significance of these measures has intensified since the onset of [...]

The Continuing Role of Government in the Mortgage Market The HMDA data for 2008 and 2009 showed that the share of new mortgage loans either explicitly or implicitly guaranteed by [...]

The Federal Reserve Board has studied ways to improve the information and materials-including required disclosures--that consumers draw on when they purchase and use financial products and services. As part of [...]

The U.S. commercial banking sector remained under significant pressure in 2009. Bank profitability was damped by the effects of the weak economy on asset quality and lending activity, with loan [...]

This article examines the effects of the recent financial crisis, which began in August 2007, on U.S. financial flows. Cross-border financial flows are of interest for several reasons, including the [...]

On March 27, 2009, the Federal Reserve published revisions to its index of industrial production (IP) and the related measures of capacity and capacity utilization. Although the revision affected the [...]

Consumers are increasingly embracing electronic technology as a means of making payments and managing their personal finances. Data from the 2007 Federal Reserve Payments Study show a continuing shift away [...]

The continued fallout from the ongoing financial turmoil and the economic downturn weighed heavily on the performance of the U.S. commercial banking industry in 2008. (1) As house prices continued [...]

The Federal Reserve Board's Survey of Consumer Finances for 2007 provides insights into changes in family income and net worth since the 2004 survey. (1) The survey shows that, over [...]

Geoffrey R. Gerdes, of the Board's Division of Reserve Bank Operations and Payment Systems, prepared this article, with assistance from Kathy C. Wang. Survey data collected for the Federal Reserve [...]

Economic development incentives--state and local government efforts to encourage economic development--are one of a limited number of tools local policymakers have for stimulating local economies. Some broad measures--investments in infrastructure [...]

On March 28, 2008, the Federal Reserve published revisions to its index of industrial production (IP) and the related measures of capacity and capacity utilization. Although the revision affected the [...]

William Bassett and Thomas King, of the Board's Division of Monetary Affairs, prepared this article. Thomas C. Allard assisted in developing the database underlying much of the analysis. Adina Goldstein [...]

Since 1975, the Home Mortgage Disclosure Act (HMDA) has required public disclosures from most mortgage lending institutions with offices in metropolitan areas. The release of the information, which includes the [...]

On December 11, 2006, the Federal Reserve published revisions to its index of industrial production and the related measures of capacity and capacity utilization. The revision affected the data from [...]

The global derivatives market has grown rapidly in the past decade. By one measure of market size--the notional value, which is used to determine the payments made on a derivatives [...]

Small businesses--nonfarm entities with fewer than 500 employees--are an integral part of the U.S. economy. They account for about half of private-sector output, employ more than half of private-sector workers, [...]

The mandatory dissemination of certain information by financial institutions is a key aspect of consumer protection law. It offers two significant advantages for consumer protection in the financial area over [...]

In recent years, foreign holdings of U.S. securities have grown markedly. During 2005, reported foreign holdings increased nearly $1 trillion for the second consecutive year, bringing the estimated total to [...]

The Federal Reserve Board's Survey of Consumer Finances for 2004 provides insights into changes in family income and net worth since the 2001 survey. The survey shows that, over the [...]

On November 7, 2005, the Board of Governors of the Federal Reserve System issued revisions to its index of industrial production (IP) and the related measures of capacity and capacity [...]