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New Fed Chair Has Southern Roots
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Ben S. Bernanke, the new chairman of the Federal Reserve Board of Governors, discovered his fondness for numbers during his boyhood in Georgia and South Carolina.
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Campaign Urges Hurricane Victims to Contact Their Banks
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A new public service campaign encourages people affected by Hurricane Katrina to contact their lenders so they mitigate damage to their credit histories.
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Atlanta Office Keeps New Orleans Branch Check Function
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The Atlanta Fed’s head office is retaining the New Orleans Branch’s check processing function, which was relocated during Hurricane Katrina, but the branch will continue to provide cash services and other services.
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Guynn Foresees Solid Growth for 2006 but Cites Long-Term Challenges
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While the economy should remain on a sustainable growth path in 2006, Atlanta Fed President Jack Guynn said the nation needs to focus now on issues that may hamper future growth.
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Proposed Guidance on Nontraditional Mortgages Stresses Risk Management
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Given the proliferation of mortgage options, federal financial regulatory agencies are concerned about both lender and borrower risk and have proposed guidance for lenders.
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