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Federal Reserve Bulletin

Publication of the December 2001 update to the Bank Holding Company Supervision Manual – Announcements

Publication of the December 2001 update to the Bank Holding Company Supervision Manual – Announcements – Brief Article The December 2001 update to the Bank Holding Company Supervision Manual, Supplement No. 21, has been published and is now available. The Manual comprises the Federal Reserve System’s bank holding company supervisory and inspection guidance. The supplement […]

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Federal Reserve Bulletin

Credit Cards: Use and Consumer Attitudes, 1970-2000

Credit Cards: Use and Consumer Attitudes, 1970-2000 – Statistical Data Included Thomas A. Durkin A notable change in consumer financial services over the past few decades has been the growth of the use of credit cards, both for payments and as sources of revolving credit. From modest origins in the 1950s as a convenient way […]

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Federal Reserve Bulletin

Order Approving Notices to Conduct Certain Data Processing Activities and Other Nonbanking Activities

Order Approving Notices to Conduct Certain Data Processing Activities and Other Nonbanking Activities BankAmerica Corporation, BancWest Corporation, BB&T Corporation, First Union Corporation, SunTrust Banks, Inc., Wachovia Corporation, and Zions Bancorporation (collectively, “Notificants”), bank holding companies within the meaning of the Bank Holding Company Act (“BHC Act”), have requested the Board’s approval under section 4(c)(8) of […]

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Federal Reserve Bulletin

Support of plan to develop new Central Banking Publication

Support of plan to develop new Central Banking Publication The Federal Reserve Board on July 26, 2004, announced plans to support the development of a new publication focused on central bank theory and practice and issued a call for research papers. The International Journal of Central Banking (IJCB) will be a joint project of the […]

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Federal Reserve Bulletin

U.S. exchange rate policy: Bretton Woods to the present

U.S. exchange rate policy: Bretton Woods to the present – includes glossary B. Dianne Pauls U.S. Exchange Rate Policy: Bretton Woods to Present Over the past thirty years or so, the United States has operated under two distinct exchange rate regimes. The first, which lasted effectively from December 1958 to March 1973, was the Bretton […]

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Federal Reserve Bulletin

Applications Approved Under Bank Holding Company Act

Applications Approved Under Bank Holding Company Act APPLICATIONS APPROVED UNDER BANK HOLDING COMPANY ACT By Federal Reserve Banks Recent applications have been approved by the Federal Reserve Banks as listed below. Copies are available upon request to the Reserve Banks. Section 3 Applicant(s) Bank(s) Bank Effective Date Benchmark Financial Chicago May 17, 2000 Bancorp, Inc., […]

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Federal Reserve Bulletin

The Community Reinvestment Act: evolution and current issues

The Community Reinvestment Act: evolution and current issues – includes related article on performance factors Griffith L. Garwood The Community Reinvestment Act took effect in November 1978. How well is it working? The answer is, probably a lot better than is often recognized. The legislation has had a major influence on reinvestment activity throughout the […]

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Federal Reserve Bulletin

Applications approved under Bank Holding Company Act

Applications approved under Bank Holding Company Act – Legal Developments By Federal Reserve Banks Recent applications have been approved by the Federal Reserve Banks as listed below. Copies are available upon request to the Reserve Banks. Section 3 Applicant(s) Bank(s) Reserve Bank Alapaha Holding Company, Bank of Alapaha, Atlanta Alapaha, Georgia Alapaha, Georgia America Bancshares, […]

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Federal Reserve Bulletin

Revisions to Policy Statement on Payments System Risk

Revisions to Policy Statement on Payments System Risk The Federal Reserve Board on September 23, 2004, announced that it has revised its Policy Statement on Payments System Risk concerning interest and redemption payments on securities issued by government-sponsored enterprises (GSEs) and certain international organizations. The Reserve Banks are currently processing and posting these payments to […]

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Federal Reserve Bulletin

Credit Risk Rating at Large U.S. Banks

Credit Risk Rating at Large U.S. Banks William F. Treacy Internal credit ratings are becoming increasingly important in credit risk management at large U.S. banks. Banks’ internal ratings are somewhat like ratings produced by Moody’s, Standard & Poor’s, and other public rating agencies in that they summarize the risk of loss due to failure by […]