Banking

Dennis P. Lockhart Becomes Atlanta Fed's New President and Chief Executive Officer

The Atlanta Fed's board of directors has named Dennis P. Lockhart the fourteenth president of the Federal Reserve Bank of Atlanta.

Fed Announces New Study of Nation's Payment Composition

The Federal Reserve Banks will conduct another round of studies to determine the current makeup of the nation's retail payment market, including checks, credit and debit cards, and automated clearinghouse transactions.

Check 21 Growth Shows No Sign of Slowing

Financial institutions' use of Check 21 continues to grow rapidly. In 2006, the Atlanta Fed processed 10 times as many Check 21 transactions as it did in 2005, and the trend is expected to accelerate.
Interview with Fred Herr, Atlanta Fed senior vice president

Atlanta Fed Participates in Poverty Research

The Atlanta Fed will join counterparts from other Reserve Banks and other experts to identify new ways to help some impoverished U.S. communities in fast-growing metropolitan areas, older cities, and rural areas.

Fed Publishes Revised Handbook on Adjustable Rate Mortgages

Underscoring banking regulators' concerns about the growing use of nontraditional mortgages, the Consumer Handbook on Adjustable-Rate Mortgages has undergone one of its most substantial revisions since its 1987 publication.