Third Quarter, Volume 25, Number 3

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Vol. 25, No. 3,
Third Quarter 2012


Atlanta Fed Chief Discusses Policy Support

U.S. Consumer Credit Fell in July, Fed Says

Fed Launches Publication for Community Bankers

Credit Quality Still Improving, Survey Finds

Banks Ease Lending Standards, Survey Shows

Fed Gov. Duke on Central Bank Cooperation

Fed Gov. Raskin: Take the High Road

Atlanta Fed CEO Discusses Policy Moves

Atlanta Fed Publishes Online-Only Annual Report

Banks Can Receive CRA Credit for Stabilizing Work

Fed's Sessions to Discuss Possible Rule Revisions


ViewPoint New article

Circular Letters


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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 27, 2012
VIewPoint logo Banking Improvements, Challenges Detailed in Latest "ViewPoint" New article
9/27/2012 - The third quarter edition of Financial Update's "ViewPoint" includes highlights from a recent banker outreach event, a look at the potential impact of Basel III, and updates on regional and southeastern banking conditions.
photo of Atlanta Fed Chair Lockhart Lockhart Explains Support for Monetary Policy Moves New article
9/26/2012 - In a recent speech, Atlanta Fed President Dennis Lockhart said sluggish economic growth and stubbornly high unemployment justified enacting further monetary policy accommodation in support of the nation's economic recovery.
photo of woman cutting credit card Consumer Credit Declines in July New article
9/24/2012 - Total U.S. consumer credit outstanding fell 1.5 percent in July from June, the Fed recently announced. Revolving credit, mainly in the form of credit cards, decreased at an annual rate of 6.8 percent in July from June, while nonrevolving credit rose 1 percent.
photo of Ben Bernanke Fed Unveils New Resources for Community Bankers
9/20/2012 - The Federal Reserve System has launched Community Banking Connections, a publication and website focused on community banks. The first issue features an interview with Fed Chairman Ben Bernanke on the importance of community banking and some of the challenges facing the industry
photo of bank sign Credit Quality of Large Corporate Loans Improving
8/30/2012 - For the third consecutive year, credit quality improved for large corporate loans and loan commitments held by U.S. bank organizations, foreign bank organizations, and nonbanks, according to a recent review conducted by regulatory agencies.
photo of man writing Banks Ease Lending on Business, Auto Loans
8/22/2012 - Standards on a range of loans were eased in the second quarter, according to the most recent Senior Loan Officer Opinion Survey. The results were released earlier this month. A number of banks also reported easing their standards for loans to large and midsized firms.
photo of Fed Gov Duke Fed Gov. Duke: Central Bank Cooperation Critical
8/8/2012 - Achieving their individual mandates and supporting global financial stability in the wake of the international financial crisis make it imperative that central banks cooperate, Federal Reserve Governor Elizabeth Duke said in a recent speech.
photo of Fed Gov Raskin Fed Gov. Raskin Extols "High Road" in Banking
8/6/2012 - The global financial crisis drove home the importance of financial market entities taking the high road, Federal Reserve Governor Sarah Bloom Raskin said in a recent speech. While regulators can encourage use of the high road, it's not a task they can accomplish on their own.
photo of Atlanta Fed President Lockhart Atlanta Fed President Lockhart Addresses Debate on Further Easing
7/26/2012 - Discussing the possible direction of monetary policy, Atlanta Fed President Dennis Lockhart recently said that another policy decision could loom—whether to respond more aggressively to the economy's apparent weakness or to set aside an aggressive policy move unless the outlook further deteriorates.
2011 annual report logo Atlanta Fed Publishes Its First Online-Only Annual Report
7/24/2012 - The Federal Reserve Bank of Atlanta has published its first online-only annual report, a sleek, interactive package of text, videos, and graphics describing four forces that shaped the economy in the past year: economic adjustment and adaptation, the labor market, widespread uncertainty, and monetary policy.
map of southeast Federal Regulators Release the 2012 List of Distressed, Underserved Communities
7/20/2012 - The number of middle-income rural communities in the Southeast designated as distressed or underserved grew 45 percent between 2011 and 2012, according to federal banking regulators. Financial institutions will receive credit under the Community Reinvestment Act for revitalization or stabilization efforts in those areas.
photo of couple with financial troubles Sessions Planned on Proposed Rulemakings Regarding Regulatory Capital Framework
7/9/2012 - The Federal Reserve is hosting information sessions on proposed rulemakings that would revise and replace the federal banking agencies' current capital rules. The sessions will focus on the key provisions that would apply to all banks, bank holding companies, and savings and loan holding companies.