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_2010-15.cfm Thu, 02 Sep 2010 10:46:52 EST Working Paper 2010-15. Kristopher Gerardi and Yuping Tsai.Working Paper 2010-15. Studying the introduction of a Taiwanese social security program, the authors find that the probability of an adult child providing monetary transfers to his or her parents decreases substantially if the parents receive public assistance. http://www.frbatlanta.org/pubs/financialupdate/v23n3_economy_faces_challenges.cfm Tue, 31 Aug 2010 10:46:52 EST Financial Update, Volume 23, Number 3. With many Americans still burdened by high unemployment, foreclosures, and diminished savings, the U.S. economy has a 'considerable way to go to achieve a full recovery,' said Federal Reserve Chairman Ben Bernanke recently. http://www.frbatlanta.org/pubs/financialupdate/v23n3_viewpoint_debut.cfm Tue, 31 Aug 2010 10:46:52 EST Financial Update, Volume 23, Number 3. 'ViewPoint,' written by Michael Johnson, senior vice president of the Atlanta Fed's Supervision and Regulation Division, debuts in September and will focus on the numerous challenges the region's financial institutions face today. http://www.frbatlanta.org/pubs/financialupdate/v23n3_consumer_credit_slips.cfm Mon, 30 Aug 2010 10:46:52 EST Financial Update. Volume 23, Number 3. Consumer credit outstanding declined again, albeit at a slower pace in July, according to the Federal Reserve's monthly Consumer Credit Report. Levels of consumer credit outstanding and revolving credit both fell. http://www.frbatlanta.org/pubs/financialupdate/v23n3_fed_mortgage_rules.cfm Mon, 30 Aug 2010 10:46:52 EST Financial Update, Volume 23, Number 3. The Federal Reserve Board recently unveiled a number of final rules aimed at protecting consumers from unfair or abusive lending practices. The Board also proposed new mortgage lending rules dealing with enhanced consumer protections and disclosures as well as revisions to the escrow rules for jumbo mortgage loans. http://www.frbatlanta.org/pubs/wp/working_paper_2010-14.cfm Thu, 26 Aug 2010 10:46:52 EST GroupsWorking Paper 2010-14. Ramon P. DeGennaro and Gerald P. Dwyer. Angel investors fund thousands of entrepreneurial projects annually. The authors' estimates indicate that the expected return for doing so is about 70 percent per year, compensating for the substantial risk. http://www.frbatlanta.org/pubs/wp/working_paper_2010-13.cfm Mon, 23 Aug 2010 10:46:52 EST Working Paper 2010-13. Shutao Cao, Enchuan Shao, and Pedro Silos. Working Paper 2010-13. The authors provide a theory of why firms offer both employment contracts with high job protection and contracts with no protection. Using that theory, they find that increasing firing costs can increase wage inequality. http://www.frbatlanta.org/pubs/econsouth/10q2_greece_espanol.cfm Thu, 12 Aug 2010 10:46:52 EST EconSouth, Second Quarter 2010. (PDF) http://www.frbatlanta.org/pubs/econsouth/10q2_greece_portugues.cfm Thu, 12 Aug 2010 10:46:52 EST EconSouth, Second Quarter 2010. (PDF) http://www.frbatlanta.org/pubs/wp/working_paper_2010-12.cfm Fri, 06 Aug 2010 10:46:52 EST Working Paper 2010-12. Julie L. Hotchkiss and Menbere Shiferaw. The wage gap between high school and college graduates began widening dramatically in the 1980s and 1990s. Using multiple data sources, the authors examine the source of this gap. http://www.frbatlanta.org/pubs/financialupdate/v23n3_bernanke_duke_speeches.cfm Thu, 29 Jul 2010 10:46:52 EST Financial Update, Volume 23, Number 3. Fed Chairman Ben Bernanke and Fed Gov. Elizabeth Duke both recently addressed the need to restore the flow of credit to small businesses, citing their importance to economic recovery and their role in the restoration of communities damaged by foreclosures and job losses. http://www.frbatlanta.org/pubs/financialupdate/v23n3_regulators_on_oil_spill.cfm Thu, 29 Jul 2010 10:46:52 EST Financial Update, Volume 23, Number 3. Federal regulators and state banking supervisors recently issued a statement urging financial institutions to work with customers affected by the Gulf oil spill, noting that efforts to work with those affected are consistent with sound banking practices. http://www.frbatlanta.org/pubs/financialupdate/v23n3_bernanke_on_reform_legislation.cfm Thu, 29 Jul 2010 10:46:52 EST Financial Update, Volume 23, Number 3. The U.S. Congress recently passed landmark financial reform legislation, and Federal Reserve Chairman Ben Bernanke praised the new law, calling it a 'welcome and far-reaching step toward preventing a replay of the recent financial crisis.' http://www.frbatlanta.org/pubs/wp/working_paper_2010-11.cfm Tue, 20 Jul 2010 10:46:52 EST Working Paper 2010-8. Nikolay Gospodinov, Raymond Kan, and Cesare Robotti. Extending Hansen (1982), the authors provide new results on the limiting behavior of linear combinations of generalized method of moments (GMM) sample conditions and demonstrate the statistical properties of the proposed asymptotic approximation using simulation. http://www.frbatlanta.org/pubs/financialupdate/v23n3_annual_report.cfm Thu, 08 Jul 2010 10:46:52 EST Financial Update, Volume 23, Number 3. The Atlanta Fed's 2009 annual report looks at challenging year in Southeast banking as the industry sought stability and stronger risk management. The report examines the industry's performance, regulators' work, and lessons learned. http://www.frbatlanta.org/pubs/econsouth/10q2_greece.cfm Thu, 01 Jul 2010 10:46:52 EST The fiscal crisis in Greece sent aftershocks through Europe and the rest of the world. How did one nation's overreliance on sovereign debt threaten to undermine an entire continent's monetary union? http://www.frbatlanta.org/pubs/econsouth/10-q2-summary-retail-spaces.cfm Thu, 01 Jul 2010 10:46:52 EST When the economic expansion was going strong, developers eagerly supplied new retail space. In the wake of the recession, a plethora of abandoned stores and shopping centers dot the Southeast, dragging down banks' balance sheets. http://www.frbatlanta.org/pubs/econsouth/10-q2.cfm Wed, 30 Jun 2010 10:46:52 EST Learn why sovereign debt matters to us in the Southeast, why you see so many abandoned retail spaces, and what the long-term unemployed face in today's market. http://www.frbatlanta.org/pubs/financialupdate/v23n2_consumer_credit_rule_approved.cfm Tue, 29 Jun 2010 10:46:52 EST Financial Update, Volume 23, Number 2. The Federal Reserve Board of Governors recently approved a rule that shields credit card users from unreasonable penalty fees and requires card issuers to review recent increases in interest rates. http://www.frbatlanta.org/pubs/financialupdate/v23n2_fed_gov_duke_consumer_banking.cfm Mon, 28 Jun 2010 10:46:52 EST Financial Update, Volume 23, Number 2. The financial crisis and the response by policymakers have altered retail banks' operating environment, Federal Reserve Gov. Elizabeth Duke said recently. Consequently, banks will have to change their business practices and products considerably. http://www.frbatlanta.org/pubs/financialupdate/v23n2_board_clarifies_overdraft_rules.cfm Mon, 28 Jun 2010 10:46:52 EST Financial Update, Volume 23, Number 2. The Federal Reserve Board has clarified its final rules pertaining to financial institutions' disclosure practices related to overdraft services, including account balance information given to consumers through automated systems. http://www.frbatlanta.org/pubs/financialupdate/v23n2_fed_launches_remittance_service.cfm Mon, 28 Jun 2010 10:46:52 EST Financial Update, Volume 23, Number 2. A new multipartner international payments service allows funds from U.S. bank accounts to be sent to unbanked recipients in 11 Latin American countries, expanding automated clearinghouse transactions among participating nations. http://www.frbatlanta.org/pubs/financialupdate/v23n2_banks_show_mixed_progress.cfm Fri, 28 May 2010 10:46:52 EST Financial Update, Volume 23, Number 2. U.S. commercial banks faced some daunting challenges in 2009, a recent article from the Federal Reserve Board showed. Among the challenges were deteriorating asset quality, a decline in lending activity, and a growing list of troubled banks and bank failures. http://www.frbatlanta.org/pubs/financialupdate/v23n2_hmda_data_revisions.cfm Wed, 26 May 2010 10:46:52 EST Financial Update - Volume 23, Number 2. A Federal Reserve Board article about adjusted Home Mortgage Disclosure Act data finds that the mortgage market in 2008 reflected the economic crisis. One of the most obvious was a sharp drop in reported loan application and origination volumes, which fell sharply. http://www.frbatlanta.org/pubs/financialupdate/v23n2_fed_hearings_hmda.cfm Wed, 19 May 2010 10:46:52 EST Financial Update - Volume 23, Number 2. A series of public hearings on potential revisions to the Home Mortgage Disclosure Act will be held this summer. Interested parties including consumers, community and consumer organizations, and mortgage lenders will participate in the hearings. http://www.frbatlanta.org/pubs/financialupdate/v23n2_fed_to_test_term_deposits.cfm Wed, 19 May 2010 10:46:52 EST Financial Update - Volume 23, Number 2. The Federal Reserve Board has announced that it will soon offer small-value term deposits to eligible depository institutions through the Term Deposit Facility program. The first of up to five offerings could be held as early as mid-June. http://www.frbatlanta.org/pubs/financialupdate/v23n2_online_form_builder.cfm Thu, 29 Apr 2010 10:46:52 EST Financial Update - Volume 23, Number 2. Financial institutions can now use an online tool to create customized versions of a model consumer privacy notice. The form builder simplifies financial institutions' obligation to provide initial and annual privacy policies to their customers. http://www.frbatlanta.org/pubs/extracredit/10spr_econ_speaking_feds_balance_sheet.cfm Thu, 29 Apr 2010 10:46:52 EST During the recent financial crisis, the Fed adopted some additional alternative monetary policy tools to keep credit markets moving and encourage economic recovery. Now that the recovery is under way, Fed Chairman Bernanke has outlined the Fed's plan for exiting from these extraordinary measureswhile keeping the economy stable. http://www.frbatlanta.org/pubs/extracredit/10spr_faq.cfm Thu, 29 Apr 2010 10:46:52 EST New questions answered include Why is core inflation a preferred inflation indicator for most economists?, How many people attend the FOMC meetings?, and What are primary dealers? How are they involved in open market operations? http://www.frbatlanta.org/pubs/extracredit/10spr_special_topic_lpoy.cfm Thu, 29 Apr 2010 10:46:52 EST The winners of the 2009–10 contest, honored at an April awards ceremony, talk about the challenges and rewards of competing.