Vol. 21, No. 4,
Fourth Quarter 2008
Atlanta Fed Chief Addresses Economy in 2009
Fed Chair Discusses Economic Policy Tools
Fed Creates New Facility, Extends Other Programs
Atlanta Fed's Lockhart Discusses Economy's Weakness
Agencies Issue Statement on Banks' Role
Atlanta Fed Examines Southeast Foreclosures
Fed Report Shows More Checks Go Electronic
Fed Chair Discusses Stabilization Measures
Recent Fed Actions Affect Bankers
New HMDA Data Show Market Changes
Agencies Issue Statement on Banks' Fannie, Freddie Exposure
Financial Update Focus
||Editor's Note: This publication is posted on a rolling schedule and content will be added throughout the quarter.
Updated December 18, 2008
||Fed Chair Addresses Fed Policies in Current Environment
12/18/2008 - The chairman of the Federal Reserve, Ben Bernanke, recently discussed turmoil in the economy. He described measures the Fed has taken to stabilize the economy and those that remain available to the central bank.
||Atlanta Fed Chief Describes Current Economic Weakness
11/25/2008 - In a recent speech, Atlanta Fed President Dennis Lockhart said that he expects substantial economic weakness to extend into 2009, the unemployment rate will rise further, and inflation will moderate.
||Agencies Outline Expectations of Banks' Role in U.S. Economy
11/25/2008 - Several agencies with bank oversight responsibilities recently stated their expectation that banking organizations will fulfill their "fundamental role" in the economy as sources of credit to business, consumers, and other creditworthy borrowers.
||Bernanke Remarks Set Stage to Address Challenges
10/17/2008 - Fed Chair Ben Bernanke recently discussed challenges posed to the U.S. economy by the global financial crisis and measures the Federal Reserve and other organizations are taking to overcome them.
||Recent Fed Actions Affect Financial Institutions
10/17/2008 - The Federal Reserve has taken a series of actions recently to stabilize the nation's financial markets and economy. Several of these actions are particularly important to financial institutions.
||New HMDA Data Show Decline in Mortgage Lending
10/17/2008 - New data released under the Home Mortgage Disclosure Act, covering the mortgage lending transactions of 8,610 lenders across the nation, show a decline in activity in the overall mortgage market and in higher-priced lending.