District Circular Letters

The Federal Reserve has scheduled three small-value auctions of term deposits through its Term Deposit Facility (TDF) over the next two months. These auctions are a matter of prudent planning and have no implications for the near-term conduct of monetary policy.

Six federal agencies are seeking comment on a proposed rule that would require sponsors of asset-backed securities (ABS) to retain at least 5 percent of the credit risk of the assets underlying the securities and would not permit sponsors to transfer or hedge that credit risk.

Consumer credit card agreements from more than 300 credit card issuers are now online in a searchable database created by the Federal Reserve Board. The agreements contain general credit terms and conditions along with pricing and fee information. The database will help consumers compare credit card agreements and find a card that best suits their […]

The Federal Reserve Board announced on June 3, 2010 that the Consumer Advisory Council will hold its next meeting on Thursday, June 17. The meeting will take place in Dining Room E, Terrace Level, in the Board’s Martin Building. The session will begin at 9:00 a.m. and is open to the public. For security purposes, […]

The Federal Reserve Board announced on May 28, 2010 final clarifications to aspects of its November 2009 final rule under Regulation E (Electronic Fund Transfers) and its December 2008 final rule under Regulation DD (Truth in Savings) pertaining to overdraft services.

The federal financial regulatory agencies issued final guidance on April 30, 2010 to address the risks associated with funding and credit concentrations arising from correspondent relationships.

The Federal Reserve Board announced on April 23, 2010 that it will hold four public hearings, beginning in July, on potential revisions to Regulation C, which implements the Home Mortgage Disclosure Act. The act requires mortgage lenders to provide detailed annual reports of their mortgage lending activity to regulators and the public. Consumers, community and […]

The data that mortgage lending institutions reported for 2008 under the Home Mortgage Disclosure Act of 1975 (HMDA) reflect the ongoing difficulties in the housing and mortgage markets. This article presents a number of key findings from a review of the 2008 HMDA data. In particular, it documents a reduction in lending activity that was […]

Officials from the U.S. Department of the Treasury, the Board of Governors of the Federal Reserve System and the United States Secret Service unveiled the new design for the $100 note on April 21, 2010. Complete with advanced technology to combat counterfeiting, the new design for the $100 note retains the traditional look of U.S. […]

The Federal Reserve System released on April 21, 2010 the 2009 annual comparative financial statements for the combined Federal Reserve Banks, the 12 individual Federal Reserve Banks, the limited liability companies (LLCs) that were created to respond to strains in financial markets, and the Board of Governors. The individual and combined Reserve Bank financial statements […]