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Testimony of Fed Governor Mark Olson, 22 May

SPEECH - Mark Olson gives a speech titled 'The European Union's Financial Services Action Plan' to the Committee on Financial Services, U.S. House of Representatives.

New York Fed's Economic Policy Review, Vol. 8

CONFERENCE - Proceedings of a conference on 'Financial Innovation and Monetary Transmission' sponsored by the Federal Reserve Bank of New York, April 5 and 6, 2001. The overral finding is that financial innovation, the evolving behaviour of firms, and…

Speech by Fed Vice Chairman Roger Ferguson, 21 May

SPEECH - "It does appear that a turnaround is under way and the question obviously is how robust it is going to be for the rest of this year," Ferguson said in answer to a question after giving a speech titled 'Community and Regional Banks: Increasing…

Speech by Fed Reserve Governor Mark Olson, 21 May

SPEECH - Olson said in a speech titled 'A Look at the Banking Industry in 2002' that "We have just concluded more than ten years of economic prosperity, followed by slightly more than one year of recession - a recession that is now behind us," he also…

IMF mail 'positive for anthrax'

US - The International Monetary Fund (IMF) has said mail it received in Washington has tested positive for the anthrax bacteria. This comes less than a month after we reported an anthrax scare at the Federal Reserve.

Fed's Olson: Banking industry is sound

US - Federal Reserve governor Mark Olson on Tuesday said the U.S. banking system is sound, but cautioned that weaknesses could come to light now that the economy has pulled out of recession, the first in a decade.

IMF Press Release

PRESS RELEASE - IMF Managing Director meets Argentine Economy Minister, Board extends repayment of SRF, 21 May.

Outlook for US economy positive - Chicago Fed

US - The U.S. economy is in the midst of a modest rebound from recession, and capital spending, a key driver of growth, is likely to recover in the third or fourth quarter of 2002, said Curt Hunter, the head of research for the Chicago Federal Reserve on…

AIB signs new risk-control agreement

US - The Federal Reserve Bank of Richmond, the Maryland Commissioner of Financial Regulation and the Central Bank of Ireland have signed a written agreement with Allied Irish Banks, Allfirst Financial and Allfirst Bank setting out the steps to be taken…

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