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Vol. 22, No. 3,
Third Quarter 2009

Articles

Federal Reserve Actions Roundup for September

Consumer Compliance Program Announced

Atlanta Fed Announces New Board Chairman, Deputy Chairman

Atlanta Fed Chief Addresses Employment

Fed Gov. Duke Visit Focuses on Neighborhoods

Bernanke Renominated as Fed Chairman

Federal Reserve Actions Roundup for August

Working Paper Examines Mortgage Modification

Fed Chair Bernanke Looks at Recent Events

Bank Lending Survey Shows Tight Standards

Atlanta Fed President Discusses Economic Outlook

Questions About ID Theft Rules Answered

New Rules Urge Accurate Credit Reports

Federal Reserve Actions Roundup for July


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Editor's Note: This publication is posted on a rolling schedule and content will be added throughout the quarter.
Updated September 30, 2009
Fed actions graphic Updates on Lending Facilities, Fed Funds Rate Among Recent Federal Reserve Actions
9/30/2009 - Information about Fed lending facilities, announcements regarding the fed funds rate and the Board of Governors' economic assessment, and changes to how agencies reimburse financial institutions for certain costs are among recent Federal Reserve actions.

Fed board rooms and Fed seal Fed Announces Consumer Compliance Program
9/30/2009 - The Federal Reserve announced plans to begin examining nonbank subsidiaries of bank holding companies and foreign banking organizations for compliance with consumer protection rules, a policy that would allow investigation of complaints against the nonbank operations.

Fed actions graphic Atlanta Fed Announces New Board Chairman, Deputy Chairman
9/30/2009 - Carol B. Tomé has been appointed chairman, and Thomas I. Barkin has been appointed deputy chairman, of the Federal Reserve Bank of Atlanta's board of directors. Their one-year terms begin Jan. 1, 2010.

photo of Atlanta Fed Chairman Dennis Lockhart Atlanta Fed President Lockhart Addresses Employment Challenges
9/17/2009 - The nation's economy will likely return to positive but subdued growth in the medium term while the pace of job growth will be slow, Atlanta Fed President Dennis Lockhart said in a recent speech.

photo of Fed Governor Elizabeth Duke and Renee Glover of the Atlanta Housing Authority Fed Gov. Duke Visit Focuses on Neighborhood Revitalization
8/31/2009 - Visiting Atlanta recently, Federal Reserve Board Gov. Elizabeth Duke became acquainted with local and regional housing issues, witnessing neighborhood redevelopment and learning more about the impact of the foreclosure crisis on local communities.

photo of Fed Chairman Ben Bernanke President Obama Reappoints Ben Bernanke as Fed Chairman
8/31/2009 - President Obama has nominated Ben Bernanke for a second four-year term as the chairman of the Federal Reserve System. If the nomination is confirmed by the Senate, Bernanke's new term will begin on Jan. 31, 2010.

Fed actions graphic Updates on Homeowner Resources, Lending Facility Extension Among Recent Federal Reserve Actions
8/31/2009 - The publication of information for homeowners who have a home equity loan, changes to the Truth in Lending Act, and modification of a liquidity program are among recent actions taken by the Federal Reserve.

photo of couple and banker Atlanta Fed Economist Explores Mortgage Renegotiations
8/31/2009 - Loan modification was supposed to help blunt the foreclosure crisis. A recent Atlanta Fed working paper looks at why loan servicers have largely been reluctant to modify the mortgage loans that are the most likely to fall into foreclosure.

photo of Fed Chairman Ben Bernanke Fed Chair Bernanke Reflects on a Year of Crisis
8/31/2009 - The economic challenges of the past year and a half could have been much worse if policymakers around the world had not acted forcefully, Fed Chairman Ben Bernanke said in a recent speech.

photo of man writing Survey: Banks Tightened Credit in Second Quarter
8/31/2009 - Banks tightened standards on all major types of loans to businesses and households during the second quarter, primarily based on reduced risk tolerance and an uncertain economic outlook, according to a recent Federal Reserve survey of lending practices.

photo of Atlanta Fed Chairman Dennis Lockhart Atlanta Fed President Lockhart: U.S. Economy Entering Stabilizing Phase
7/30/2009 - Federal Reserve Bank of Atlanta President Dennis Lockhart said in a recent speech that the economy is nearing bottom and soon will begin a slow recovery. He also doesn't think inflation is a likely economic threat.

ID theft graphic Fed, Other Agencies Issue FAQs on Identity Theft Rules
7/30/2009 - A set of frequently asked questions is designed to help financial institutions, creditors, and credit and debit card issuers comply with federal regulations on identity theft and discrepancies in changes of address.

credit report graphic New Rules Promote Accuracy of Consumers' Credit Reports
7/30/2009 - To promote the accuracy and integrity consumers' credit reports, several financial regulatory agencies recently published final rules and guidelines concerning the information they furnish to credit bureaus and other consumer reporting agencies.

Fed Actions update graphic Policy Report to Congress, Meeting Minutes' Publication Among Recent Federal Reserve Actions
7/30/2009 - The Fed chairman's congressional testimony, the publication of the minutes from the recent meeting of the Federal Open Market Committee, and the approval of an interim final rule on the Truth in Lending Act are among recent actions taken by the Fed.