http://www.frbatlanta.org/ The Federal Reserve Bank of Atlanta and the other eleven Reserve banks play an important part in all three of the Fed's functions--monetary policy, bank supervision and regulation, and the operation of a narionwide payments system http://www.frbatlanta.org/images/icon_frblogo.jpg http://www.frbatlanta.org http://www.frbatlanta.org/pubs/wp/working_paper_2010-4.cfm Mon, 08 Mar 2010 11:21:32 EST Working Paper 2010-4 by Nikolay Gospodinov, Raymond Kan, and Cesare Robotti. The authors provide an in-depth analysis of the theoretical and statistical properties of the Hansen- Jagannathan distance with a no-arbitrage constraint and find that ranking models using this metric can be problematic. http://www.frbatlanta.org/pubs/financialupdate/v23n1_consumer_guide_to_credit_cards.cfm Fri, 26 Feb 2010 11:21:32 EST Financial Update, First Quarter, 2010. The Federal Reserve Board has launched an online guide to credit cards that summarizes the recent new credit card protections. The guide includes interactive tools and other features that help inform consumers about credit cards. http://www.frbatlanta.org/pubs/financialupdate/v23n1_fed_chief_discusses_recovery_path.cfm Fri, 26 Feb 2010 11:21:32 EST Financial Update, First Quarter, 2010. The national economy's fragile recovery could go one of two ways: a traditional sharp rebound following a deep recession, or a more gradual comeback with slow progress on unemployment, Atlanta Fed President Dennis Lockhart said in a recent speech. http://www.frbatlanta.org/pubs/financialupdate/v23n1_new_tool_assists_bank_directors.cfm Fri, 26 Feb 2010 11:21:32 EST Financial Update, First Quarter, 2010. The Federal Reserve has introduced the Bank Director's Desktop, an online too to acquaint bankers with a better understanding of the issues and responsibilities that bank directors face every day. http://www.frbatlanta.org/pubs/financialupdate/v23n1_kohn_cautions_banks_on_interest_rate_risk.cfm Fri, 26 Feb 2010 11:21:32 EST Financial Update, First Quarter, 2010. The nation's banks, thrifts, and credit unions must be particularly mindful of interest rate risk, Federal Reserve System Vice Chairman Donald Kohn said recently, warning that such mindfulness poses greater challenges than in the past. http://www.frbatlanta.org/pubs/partners/v20n1.cfm Thu, 25 Feb 2010 11:21:32 EST Articles include: Looking Beyond Foreclosures: What's Ahead in Residential Finance and Housing Markets?; Digital Media: A Pathway to Jobs and Investment in Louisiana; Q&A: Practicing Economic Development in a New Era; Helping Communities Thrive: An Updated Role for the Fed; Protecting Consumers through Greater Transparency; and The Recap: A Source of Creative Approaches to Current Issues. http://www.frbatlanta.org/pubs/wp/working_paper_2010-1.cfm Wed, 24 Feb 2010 11:21:32 EST Working Paper 2010-1 by Zheng Liu, Pengfei Wang, and Tao Zha. Combining two key features into a dynamic stochastic general equilibrium model, the authors are able to generate an empirically important mechanism that explains the persistent comovements between housing prices and business investment. http://www.frbatlanta.org/pubs/wp/working_paper_2010-2.cfm Wed, 24 Feb 2010 11:21:32 EST Working Paper 2010-2 by Julie L. Hotchkiss, M. Melinda Pitts, and Mary Beth Walker. Investigating women's decision to exit the labor market upon the birth of a child, the authors determine exit rates among single, less educated women are consistent with change in overall female labor force participation. http://www.frbatlanta.org/pubs/wp/working_paper_2010-3.cfm Wed, 24 Feb 2010 11:21:32 EST Working Paper 2010-3 by Federico S. Mandelman, Pau Rabanal, Juan F. Rubio-Ramirez, and Diego Vilan. This paper shows that while a thoughtful calibration of investment-specific technology shocks is useful to address several existent puzzles in the open macro literature, the actual estimated shocks are powerless to explain any of them. http://www.frbatlanta.org/pubs/financialupdate/v23n1_protecting_credit_card_users.cfm Thu, 28 Jan 2010 11:21:32 EST Financial Update - Volume 23, Number 1. The Federal Reserve has approved a final rule intended to protect credit card users from a number of costly practices including unexpected increases in credit card interest rates and increasing the interest rate on an existing credit card balance. http://www.frbatlanta.org/pubs/financialupdate/v23n1_independence_crucial_to_monetary_policymaking.cfm Thu, 28 Jan 2010 11:21:32 EST Financial Update - Volume 23, Number 1. Setting monetary policy in an apolitical environment and considering input from all regions of the United States are essential to optimal policymaking, Atlanta Fed President Dennis Lockhart said in a recent speech. http://www.frbatlanta.org/pubs/financialupdate/v23n1_board_report_on_bank_supervision.cfm Thu, 28 Jan 2010 11:21:32 EST Financial Update - Volume 23, Number 1. In a January report to Congress, the Federal Reserve Board of Governors outlines why the Fed should continue to be central in bank supervision and regulation, while acknowledging that supervision and regulation must be made more effective. http://www.frbatlanta.org/pubs/financialupdate/v23n1_reserve_banks_return_money_to_treasury.cfm Thu, 28 Jan 2010 11:21:32 EST Financial Update - Volume 23, Number 1. In 2009, the Federal Reserve System transferred 46.1 billion dollars to the U.S. Treasury. This revenue represents most of the Reserve Banks’ net income and came from a number of sources. http://www.frbatlanta.org/pubs/financialupdate/v23n1_fed_chief_sees_slow_recovery.cfm Wed, 27 Jan 2010 11:21:32 EST Financial Update - Volume 23, Number 1. Even with an economic recovery under way, the U.S. economy in 2010 faces strong headwinds including real estate challenges and high unemployment, Atlanta Fed President Dennis Lockhart said in a recent speech. http://www.frbatlanta.org/pubs/financialupdate/v23n1_regulators_advise_on_rate_risk.cfm Wed, 27 Jan 2010 11:21:32 EST Financial Update - Volume 23, Number 1. Financial regulators recently emphasized the importance of managing potential interest rate risks, advising banks and bank holding companies about their supervisory expectations, which include effective corporate governance, stress testing, and internal controls. http://www.frbatlanta.org/pubs/financialupdate/v23n1_new_atlanta_fed_directors.cfm Wed, 27 Jan 2010 11:21:32 EST Financial Update - Volume 23, Number 1. The Atlanta Fed and its branches have announced their new directors. Among the new directors of the Atlanta Fed are Richard H. Anderson, Clarence Otis Jr., and T. Anthony Humphries. http://www.frbatlanta.org/pubs/financialupdate/fu_vol_22_no_4_financial_flows.cfm Mon, 28 Dec 2009 11:21:32 EST Financial Update - Volume 22, Number 4. The global financial crisis had a significant impact on investment patterns around the world as investors shied away from foreign investments and chose to keep their money at home, recent Federal Reserve Board research shows. http://www.frbatlanta.org/pubs/financialupdate/fu_vol_22_no_4_fed_chair_answers_questions.cfm Mon, 21 Dec 2009 11:21:32 EST While discussing the U.S. economy's performance recently, Fed Chairman Ben Bernanke said he foresees growth in 2010. He also responded to some of the questions he most often receives. http://www.frbatlanta.org/pubs/economicreview/er09n4_hotchkiss.cfm Mon, 21 Dec 2009 11:21:32 EST By Julie L. Hotchkiss. This paper presents a simple methodology for decomposing changes in the aggregate labor force participation rate (LFPR) into demographic group changes in both participation behavior and population shares. Changes in population shares dominated behavioral changes in the historical evolution of the aggregate LFPR. http://www.frbatlanta.org/pubs/financialupdate/fu_vol_22_no_4_rules_regarding_overdraft_fees_change.cfm Tue, 15 Dec 2009 11:21:32 EST Financial Update - Volume 22, Number 4. New rules will prohibit financial institutions from charging customers overdraft fees on automated teller machine and one-time debit card transactions without the customer's express consent. http://www.frbatlanta.org/pubs/econsouth/09q3-espanol_la_burbuja_inmobiliaria.cfm Fri, 11 Dec 2009 11:21:32 EST EconSouth, Vol. 11, No. 3, Third Quarter 2009 http://www.frbatlanta.org/pubs/financialupdate/fu_vol_22_no_4_atl_fed_pres_CRE.cfm Tue, 24 Nov 2009 11:21:32 EST Financial Update - Volume 22, Number 4. The commercial real estate sector poses challenges for the overall economy, Atlanta Fed President Dennis Lockhart said in a recent speech, and its challenge could be especially acute for smaller banks and businesses. http://www.frbatlanta.org/pubs/financialupdate/fu_vol_22_no_4_fed_approves_mortgage_selling_rule.cfm Tue, 24 Nov 2009 11:21:32 EST Financial Update - Volume 22, Number 4. A new rule requires mortgage holders to be informed when their mortgage loan has been sold or transferred. The requirement calls for consumers to be told within 30 days of such a change. http://www.frbatlanta.org/pubs/financialupdate/fu_vol_22_no_4_fed_actions_roundup_october.cfm Thu, 19 Nov 2009 11:21:32 EST Financial Update - Volume 22, Number 4. The announcement of changes to a Fed lending facility and the issuance of a proposal concerning the compensation policies of banking organizations are among recent actions taken by the Federal Reserve. http://www.frbatlanta.org/pubs/financialupdate/fu_vol_22_no_4_fed_mortgage_data_show_lending_decline.cfm Thu, 19 Nov 2009 11:21:32 EST Financial Update - Volume 22, Number 4. Recently released Home Mortgage Disclosure Act data show that difficulties in the housing and mortgage industry are ongoing. The difficulties are reflected among many groups of borrowers and hint at continued struggles in the housing market. http://www.frbatlanta.org/pubs/financialupdate/fu_vol_22_no_4_fed_chair_speaks_on_reg_reform.cfm Thu, 19 Nov 2009 11:21:32 EST Financial Update - Volume 22, Number 4. In congressional testimony in early October, Federal Reserve Chairman Ben Bernanke listed five key elements that he believes should be included in a broad agenda for financial regulatory reform. http://www.frbatlanta.org/pubs/financialupdate/fu_vol_22_no_4_outstanding_credit_falls_in_august.cfm Thu, 19 Nov 2009 11:21:32 EST Financial Update - Volume 22, Number 4. Consumer credit outstanding among U.S. consumers took a significant dip in August. http://www.frbatlanta.org/pubs/financialupdate/fu_vol_22_no_4_fed_gov_warsh_discusses_challenges.cfm Thu, 19 Nov 2009 11:21:32 EST Financial Update - Volume 22, Number 4. While the economy and financial markets are improving, stability is far from assured, Federal Reserve Gov. Kevin Warsh said in a recent speech.