Federal Reserve System
Too big to fail must end; FDIC chair Bair
Being labelled a Sifi will not mean being anointed too big to fail, leading to automatic bailouts, Federal Deposit Insurance Corporation chairman, Sheila Bair warns
Bernanke sheds light on new macroprudential approach
Federal Reserve chairman Ben Bernanke touches on benefits of new macroprudential approach in the United States under the Dodd-Frank Act
Dallas Fed’s Fisher urges policymakers to focus on underlying inflation
Dallas Federal Reserve president Richard Fisher says policymakers should pay greater attention to underlying rather than headline inflation
Bernanke heeds unemployment effects on housing market
Federal Reserve chairman Ben Bernanke says high unemployment rates were increasingly forcing households to fall behind on mortgage payments
Barney Frank in bid to revoke regional Fed presidents’ FOMC votes
Former chair of House Financial Services Committee says regional Fed presidents shouldn’t vote because they are appointed by business, not Congress
Bernanke holds first press conference
Federal Reserve chairman reiterates US commitment to strong dollar, voices concern over shift in outlook for US debt
Fed historian Meltzer scoops 2011 Bradley Prize
Author of definitive history of the Federal Reserve Allan Meltzer to receive a 2011 Bradley Prize
Role of Fannie, Freddie failure in crisis has been underplayed: ex-Fed’s Warsh
Recently departed governor Kevin Warsh tells Central Banking that decision to take government-sponsored enterprises into state ownership had significant ramifications
Overdraft surveys reduce balances in the red: Philly Fed paper
Philadelphia Federal Reserve study examines impact of overdraft surveys on bank balances
New York Fed RMBS sales go smoothly
Auctions of AIG legacy portfolio delivering a solid result for the Fed
Chicago Fed’s Evans warns against leaning on asset-price bubbles
Chicago Federal Reserve president Charles Evans says use of monetary policy tools to address systemic stability will burden Fed’s dual mandate
NY Fed paper proposes two-tier capital model
New York Federal Reserve study suggests creating a two-tier capital model to solve leverage conflicts
Fed Beige Book reveals concern over impact of Japanese tragedy
Federal Reserve releases Beige Book; shows improved economic activity across the US but concern over impact of tragedy in Japan
Non-US sovereigns should collateralise swaps, say US bank regulators
Progress towards sovereign collateral posting has been slow. Now, US regulators are proposing to make it mandatory - for all non-US entities
Fed’s Yellen dismisses monetary policy link to commodity market boom
Federal Reserve vice-chair Janet Yellen denies claims accommodative US monetary policy is exacerbating boom in commodity markets
NY Fed’s Dudley warns against uneven banking reform
New York Federal Reserve president William Dudley says focus on competitiveness in banking reform would ultimately leave countries open to huge tail risks
Fed’s Raskin calls for greater diversification of banks
Federal Reserve Board of Governors member Sarah Raskin says more diversified banking system will reduce risk of further crises
Consumers move back to cash payments: Boston Fed paper
Boston Federal Reserve study finds evidence of decline in credit and debit card usage and increase in cash payments during financial crisis
New York Fed auctions off first AIG-related mortgage bonds
New York Federal Reserve sells $1.3 billion of American International Group (AIG) mortgage securities in the first round of auctions
QE solution at zero bound: NY Fed paper
New York Federal Reserve paper co-authored by Brian Sack shows quantitative easing successfully eased monetary policy at the zero bound
FOMC debate length of QE programme
Federal Open Market Committee meeting minutes shows some members would like option to end Fed’s asset purchase programme early
New York Fed to set up working group on OTC reforms
New York Federal Reserve receives commitment from market participants to support strategic road map on reforms to over-the-counter derivatives markets
Bernanke pledges tough oversight of CCPs
Federal Reserve chairman Ben Bernanke says reforms to financial market infrastructure will help strengthen supervision of central counterparties
Fed chooses new chief operating officer
Atlanta businessman Richard Anderson will become chief operating officer of the Federal Reserve System later this month