Balance sheet
NY Fed’s Sack on FOMC’s policy shift
New York Federal Reserve executive vice president Brian Sack said further measures represent meaningful shift in balance sheet path
FDIC seeks to raise standards of securitised assets
Federal Deposit Insurance Corporation approves final rule requiring banks to hold 5% of securitised assets on their balance sheet
Fed looks to take Bloomberg battle to Supreme Court
Federal Reserve asks appeals court for stay on ruling that will force it to reveal emergency lending details; central bank considering appeal to country’s highest court as last resort
Bear bailout vehicle turns first paper profit
Federal Reserve balance sheet data shows Bear Stearns’ assets held in Maiden Lane vehicle made a paper profit for first time since its inception
ECB: Crisis amplified monetary policy channels
European Central Bank study on credit channels finds the financial crisis amplified the impact of monetary policy on the economy
Albania’s Fullani sees green shoots in lending
Bank of Albania governor Ardian Fullani says banks still need to be more proactive
IMF: Structural reforms will strengthen Mauritius’ balance sheets
IMF study of Mauritian economy shows economic fundamentals are strong but economy continues to remain vulnerable to global developments
Demand and supply forces restriced credit: Bank of Italy
Bank of Italy study finds declines in demand and supply of credit dampened lending growth in Italian banks during financial crisis
BIS: Crisis response lacks rigour compared to Nordic countries in 90s
Bank for International Settlements study into the recent financial crisis says policy response may slowdown recovery
Market tensions prevail, Trichet warns
ECB president says financial sector still shows signs of stress despite the success of the central bank’s bond purchase program
Bank tests joint credit and interest rate risk model
Bank of England research tests endogenous model to calculate credit and interest risk; finds results differ substantially
Fed May 2010 Bulletin: 120 US commercial banks failed in 2009
Federal Reserve report into balance sheet developments at US commercial banks shows continued stress in banking sector
Yilmaz confident Turkey can keep up with other emerging markets
Central Bank of Turkey governor Durmas Yilmaz says country’s lack of toxic assets has paid off during the recovery
Official-sector balance sheets after the crisis
In the third of Central Banking’s web seminar series, Daniel Gros, Ken Wattret and Tim Young discussed how official sector balance sheets have changed, the new challenges policymakers face and how to overcome them
RBA: Lowe revises Australian economy recovery upward
Reserve Bank of Australia assistant governor Philip Lowe links renewed growth in Australia to improved terms of trade
Finnish housing rebound larger than neighbours'
Finnish central bank report shows housing market was boosted by low interest rates but remains well below its pre-crisis peak
SF Fed's Yellen says low rates appropriate
San Francisco Federal Reserve president says Fed can rely on interest on reserves to keep balance sheet large
Bank of Finland – Annual Report 2009
Figures for 2009 show profits up by 5%
Lacker: Fed needs to offload risky assets first
Richmond Fed President tells audience MBS sales would reduce distortions in asset prices.
Sarb: prime rate to repo rate spread immaterial
South African Reserve Bank paper finds the spread between its repo rate and the prime rate has no real implications for policy
Canadian balance sheet shrinks as liquidity programs expire
Bank of Canada reports a C$7.2 billion balance sheet contraction in 2009 as rebound in global economy reduces demand for central bank funds
IMF: credit markets key to economic recovery
IMF study shows that a healthy financial sector is essential to a speedy recovery in the economy
Boston Fed measures effect of equity extraction on consumption
Boston Fed research shows equity extraction as significant driving force for consumption during US housing boom
The Bank’s balance sheet during the crisis
Bank of England’s markets chief sets out how size and composition of balance sheet has changed