United States
Fed Reserve Bank of New York - Annual Report 2001
ANNUAL REPORT - The Federal Reserve Bank of New York has published its Annual Report for the year ended 2001.
Debating and preparing for the Payments Future
FEATURE - In a rare set of predictions on how the U.S. payments system's transaction mix will evolve, The Nilson Report in the American Banker says that in about 10 years debit cards will overtake credit cards, cash will remain king, and paper checks…
Speech by A Santomero of Philadelphia Fed, 25 Apr
SPEECH - Santomero said on Thursday in a speech titled 'The Reluctant Recession: Why Was the Recession So Mild?' that it is too soon to tell when the U.S. economy will be strong enough for the U.S. central bank to consider raising interest rates.
Speech by W. McDonough, New York Fed Bank, 25 Apr
SPEECH - In the speech 'Bank Supervision and Credit Standards under Basel II - Perspectives for SMEs' McDonough said "it is an honor to join your discussion on the efforts of the Basel Committee on Banking Supervision to ensure that the international…
US economic growth soars
US - Economic growth in the US soared to 5.8% during the first three months of 2002, the US Commerce Department has reported.
St Louis Fed's Poole - Must guard for inflation
US - In a speech on productivity at a University of Missouri-sponsored dinner, Poole said that for the U.S. economy to enjoy the higher living standards and faster trend rate of economic growth offered by increases in productivity - or worker output per…
Testimony of Fed V.Chairman Roger Ferguson, 24 Apr
TESTIMONY - In testimony on Wednesday Ferguson said that the U.S. economic outlook had "brightened", but cautioned that an ongoing strong expansion of final demand was not definite.
Speech by Robert Parry, San Francisco Fed, 23 Apr
SPEECH - Parry said on Tuesday in a speech titled 'Inside the Federal Reserve: A District Bank President's Perspective' uncertainty lingers about the strength of the U.S. economic recovery and the Fed can take its time deciding when to raise short-term…
Federal Reserve Board - Beige Book
REPORT - Prepared at the Federal Reserve Bank of Kansas City and based on information collected before April 16, 2002. This document summarizes comments received from business and other contacts outside the Federal Reserve and is not a commentary on the…
Richmond's Broaddus says US recovery appears solid
US - Richmond Federal Reserve President Alfred Broaddus on Wednesday expressed confidence that the U.S. economic rebound would prove to be a solid one, but said the Fed needs more information to gauge the recovery's pace.
Speech by M Moskow, President, Chicago Fed, 17 Apr
SPEECH - Moskow said in a speech titled 'The Impact of Open Markets and Expanded Trade on Economic Development' that the U.S. economic recovery is underway and the full effects of the reduction in rates over the past 15 months have yet to be felt.
Speech by M Moskow, President, Chicago Fed, 22 Apr
SPEECH - In his opening remarks to the Asset Bubbles Conference Moskow said that during the last two decades, there have been instances throughout the developed and developing worlds of prolonged build-ups and sharp collapses in asset prices in stock,…
Speech by Fed Chairman Alan Greenspan, 22 Apr
SPEECH - Federal Reserve Chairman Alan Greenspan said on Monday in a speech titled 'Finance: United States and global' he saw early signs of a recovery in business capital spending but warned that he did not believe the corporate investment rebound would…
G10 ministers and governors communique
PRESS RELEASE - Communique of the ministers and governors of the Group of Ten, Washington D.C., 22 April.
An overview of the Federal Reserve System
FEATURE - In an interesting article Hoover's Company Profiles look at the history of the Federal Reserve. The Federal Reserve Act followed the panic which ensued after the failure of New York's Knickerbocker Trust Company in 1907. J. P. Morgan strong…
More cogitating about world 'after Alan'
FEATURE - As various people remind us on an increasingly frequent basis, it's not too early to be speculating about the Greenspan succession question.
Testimony of Fed Chairman Alan Greenspan, 23 Apr
TESTIMONY - Federal Reserve Chairman Alan Greenspan told the Senate Banking Committee Tuesday that the board opposes proposals in Congress to raise deposit insurance coverage above its current cap of $100,000 per account.
IMF Press Conference
PRESS CONFERENCE - Transcript of a Press Conference Following The International Monetary and Financial Committee Meeting, Washington, D.C., 20 April.
Press Briefing with G-24 Ministers
PRESS BRIEFING - Intergovernmental Group of Twenty-Four on International Monetary Affairs and Development, Washington, D.C., 19 April.
G7 didn't discuss exchange rates says Duisenberg
US - Finance ministers and central bankers from the Group of Seven leading industrial nations didn't discuss foreign exchange during their meeting Saturday, "apart from the usual statements," European Central Bank President Wim Duisenberg said.
Volcker seen as likely to step aside at Andersen
USA - Paul A. Volcker, the former Federal Reserve chairman sought to help embattled Arthur Andersen LLP map out a future, now looks likely to step aside, deepening the crisis within the accounting firm, Monday's Wall Street Journal reported.
Speech by Cathy Minehan, Boston Fed Bank, 20 Mar
SPEECH - Minehan said at the Annual Meeting of The Boston Industrial Development Financing Authority that the Boston-area economy is much better positioned to weather economic downturns compared to years' past.
Allocating Bank Regulatory Powers
RESEARCH - Research paper by Charles M Kahn of the University of Illinois at Urbana-Champaign and Joao AC Santos of the Federal Reserve Bank of New York.
IMF World Economic Outlook, April 2002
REPORT - World Economic and Financial Surveys, World Economic Outlook, Recessions and Recoveries, International Monetary Fund, 18 April.