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Vol. 25, No. 4,
Fourth Quarter 2012
Articles
U.S. Consumers Took on More Debt in October
Fed Seeks Comments on Proposed Changes
Atlanta Fed President Speaks on Financial Instability
Atlanta Fed President Addresses Policy Challenges
Atlanta Fed Evolves With Payment Service Arena
Fed Gov. Duke Addresses Mortgage Lending Rules
Atlanta Fed President Discusses Employment
Fed Issues Reserve Requirement Thresholds
HMDA Data Show Borrowers' Improved Creditworthiness
Fed Gov. Tarullo Discusses Financial Regulation
Fed Gov. Duke Discusses Struggling Housing Market
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Editor's Note: This publication is posted on a rolling schedule and
content will be added throughout the quarter.
Updated December 21, 2012
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Consumer Credit Jumps in October
12/19/2012 - U.S. consumers took on more debt in October, according to data the Federal Reserve recently released. The total amount of U.S. consumer credit outstanding grew a seasonally adjusted $14.2 billion, or 6.2 percent annually. The increase was fueled by auto and student loans.
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Federal Reserve, FinCEN Seek Input on Funds Transfer Rules
12/17/2012 - The Federal Reserve Board and the Financial Crimes Enforcement Network are seeking comments on a proposal to amend the definitions of "funds transfer" and "transmittal of funds" under the regulations implementing the Bank Secrecy Act.
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Fed Helps Put the Smarts Behind Smartphone Payments
11/27/2012 - The Federal Reserve has long been a leader in the fast-changing world of retail payments, delivering safe, secure, and efficient products. With the advent of newer payment technologies, the Atlanta Fed is keeping pace with the evolving payment environment.
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Fed Gov. Duke: Small Banks Need Separate Mortgage Rules
11/26/2012 - In a recent speech to bankers, Federal Reserve Governor Elizabeth Duke called for a separate set of regulations for community bank mortgage lending because mortgage lending by community banks generally does not pose the same risks that helped to create problems in subprime mortgage lending.
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Atlanta Fed President Lockhart Discusses Employment
11/20/2012 - Labor markets have struggled to regain their footing in the wake of the recession. Atlanta Fed President Dennis Lockhart recently spoke about how to assess progress in the employment sector and what signs he looks for that signal meaningful improvement.
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Board Announces Reserve Requirement Thresholds for 2013
10/31/2012 - Recently, the Federal Reserve Board issued annual reserve requirement thresholds for depository institutions in 2013. The Board made some recalculations based on the growth in net transaction accounts and total reservable liabilities in the year ending June 30, 2012.
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HMDA Data Show Fewer Loans, More Creditworthy Borrowers
10/30/2012 - Although the number of home mortgage loans made in 2011 represented a 10 percent decline from the previous year and was the lowest total since 1995, recently released data from the Fed show that current home buyers appear more creditworthy than at any point in the past 12 years.
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Fed Gov. Tarullo: Dodd-Frank Focus on Stability a Departure
10/26/2012 - Discussing regulatory reform to promote financial stability, Federal Reserve Governor Daniel Tarullo recently said the Dodd-Frank reforms are intended to contain systemic risk and represent a significant change in the nation's approach to financial regulation.
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