Vol. 24, No. 3,
Third Quarter 2011
Fed Chair Addresses Financial Crisis Research
Fed Gov. Duke Discusses Housing Market Remedies
Fed Chair Addresses U.S. Economic Prospects
Bank Regulators Testify Before Congress
New Book Examines Social Networks, Communities
Quality of Banks' Large Loans Improving
Loan Officers Survey Describes Lending Conditions
Atlanta Fed Chief Discusses Outlook
Fed Chairman Discusses Monetary Policy to Congress
Economist Discusses Pros, Cons of Data Collecting
Interest Payments on Some Deposits Approved
Federal Reserve Holding Series of Meetings
Financial Update Focus
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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 28, 2011
||Fed Chair Bernanke: Research into Financial Crisis Essential
9/23/2011 - Federal Reserve Chairman Ben Bernanke recently addressed the importance of research into the causes of the recent financial crisis and on systemic risk more broadly. Given regulators' mandate to take a macroprudential approach to financial regulation, the Fed chair said developing directions for future research is essential.
||Fed Gov. Duke Discusses Steps to Rebalance Housing Market
9/23/2011 - Federal Reserve Governor Elizabeth Duke recently discussed ways to restore balance to the nation's housing market. Her suggestions included helping borrowers obtain lower-interest mortgages and converting foreclosed properties into rentals.
||Banking Agencies Urge Responsible Lending
8/31/2011 - Lending by community banks must be done in a way that avoids past mistakes and does not create new ones, according to congressional testimony by bank supervision and regulation officials, who also discussed recent community bank performance.
||Harnessing the Power of Social Networks to Rebuild Communities
8/31/2011 - Following hurricanes Katrina and Rita, strong community ties played a critical role in the rebuilding process. A new book with content by Atlanta Fed staff explores the important role of social networks in the rebuilding of two Gulf Coast communities.
Podcast on social networks and rebuilding communities (MP3 20:00)
||Credit Quality of Large Loan Commitments Improves
8/31/2011 - Credit quality for large loans that domestic and foreign banks as well as nonbanks were committed to make in 2011 continues to improve, according to the Shared National Credits Review. Loans deemed questionable by regulators declined more than 28 percent in 2011.
||Lending Conditions Ease Slightly, Says Fed Survey
8/30/2011 - Banks reported easing credit standards and terms on nearly all types of business and consumer loans in recent months, according to the Federal Reserve's most recent Senior Loan Officer Opinion Survey. It indicated that while consumer credit is loosening, real estate credit remains tight.
||Fed Chairman Bernanke Discusses Outlook, Deficit to Congress
7/28/2011 - During his recent monetary policy address to Congress, Federal Reserve Chairman Ben Bernanke discussed the modest pace of economic recovery. He expects the second half of 2011 to demonstrate stronger growth, noting that consumer spending will determine much of the near-term pace of recovery.