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US payments systems still evolving

Research by the Kansas City Federal Reserve looks back at some early payments systems and examines their status today and where they may be heading.

Fed's Maiden Lane down $10 billion

More than 14% was wiped off the value of the assets held on the Federal Reserve's books as collateral for its bailouts of Bear Stearns, a now defunct investment bank, and American International Group (AIG), a beleaguered insurer, in the three months to…

Roubini praises Geithner

Nouriel Roubini, the economist most often identified as having predicted the crash, has complimented Tim Geithner for his performance as the United States treasury secretary and as head of the New York Federal Reserve.

Fed's Braunstein on financial-literacy efforts

Sandra Braunstein, the director of the division of consumer and community affairs at the Federal Reserve, has detailed to lawmakers the work of the central bank on financial literacy.

More transparency on Maiden Lane

The New York Federal Reserve on Wednesday disclosed further details of the assets held as collateral for the central bank's loans to Bear Stearns, a now-defunct investment bank, and American International Group (AIG), a beleaguered insurer.

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