Federal Reserve System
Fed profits leap by 50%
Federal Reserve's profits shoot to $53.4 billion allowing record transfer of $47.4 billion to US Treasury; value of Maiden Lane vehicles climbs $5.6 billion after 2008 loss
US authorities reveal new souped-up $100 note
Tilt security features for first time; Benjamin Franklin still the face of hoarders' favourite
Sovereign default the greatest threat: IMF
Sovereign default risk has soared and is the biggest threat to near-term stability, some segments of banking systems also present dangers
The forces of darkness overwhelm bank reform
Banks’ lobbying and politicians’ arguments against the Dodd regulatory reform bill are lamentable, Robert Pringle writes
Canada scraps commitment to hold rates; signals hike
Bank of Canada drops conditional commitment to hold overnight rate at 0.25%; pledge one of a number made by central banks to soothe markets’ nerves
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
Casino gambling and the economy: a review
Philadelphia Federal Reserve research covers literature on the impact of gambling on communities
New York: US recovery setback by unemployment figures
New York Fed president William Dudley describes sluggish recovery growth related to high unemployment
Lacker: Fed needs to offload risky assets first
Richmond Fed President tells audience MBS sales would reduce distortions in asset prices.
Fed's Tarullo sceptical over contingent capital
Federal Reserve's Daniel Tarullo highlights drawbacks of contingent capital forming part of new regulatory framework
Philly Fed study shows capital income tax should be nullified
Research links preferential tax treatment offered to homeowners with capital income tax
Fed to lose monetary affairs chief
Monetary affairs director Brian Madigan plans to retire later this year, he is succeeded by deputy director William English
Minneapolis Fed: US relies on large firms for productivity gains
Study shows employment distribution important factor in productivity of US firms
SF Fed: crisis showed simple policy rules more effective
San Francisico Fed paper reaffirms strength of simple policy guideline to monetary policy but stresses need for international framework
NY Fed's Dudley demands new bubble-bursting tools
New York Fed president calls for a judgment-based approach to dealing with asset price bubbles
Plosser, not Bernanke, the biggest market mover
Philadelphia Fed president Charles Plosser had the largest impact on treasury yields with his speeches last year according to leading consultancy
Kansas City Fed Letter
April Fed Letter focuses on role of community banks, card payments systems and agriculture based lending
Bernanke: Fed needed more tools to confront crisis
Federal Reserve’s Bernanke expresses distaste at decisions made during the crisis to a Dallas crowd
Jilted bondholders can attack Argentine central bank’s assets: US court
US judge decrees central bank and government one entity and breaks dam guarding assets from unpaid creditors; central bank expected to appeal ruling
Hoenig calls for Fed to lean against the wind
Kansas City Fed president challenges fundamental tenet of Greenspan-era central bank
Philly Fed: US export growth could have been greater in the 90’s
Philadelphia Federal Reserve study finds that movement of labour to smaller firms prevented greater export growth
Fed minutes note pickup in labour, credit conditions
Minutes of the Federal Open Market Committee’s last meeting acknowledge signs of life in the US economy, but Kansas chief Thomas Hoenig dissents on low rates pledge
Greenspan deflects blame during heated testimony
Former Federal Reserve chairman Alan Greenspan defends record but accepts some criticism
Greenspan defends position on free market
Former Fed Chairman deflects criticism over adherence to Ayn Rand's views on laissez-faire capitalism