Tag Archives: Federal Reserve

The U.S. Federal Reserve Board announced the formation of a 15-member Community Advisory Council (CAC) to provide information, advice, and recommendations to the Board on emerging economic issues and relevant policy matters, according to an announcement from the Fed.

Three government agencies – the Office of the Comptroller of the Currency (OCC), the Board of Governors of the Federal Reserve System, and the Federal Deposit Insurance Corporation (FDIC) – have announced additional outreach meetings to discuss their collective effort to reduce regulatory burden placed on them by the Economic Growth and Regulatory Paperwork Reduction Act of 1996 (EGRPRA).

While lower prices are bound to keep Americans happy at the gas pump, they could potentially be a problem for housing in oil-dependent states, including Texas, Oklahoma, and Louisiana. If the current decline impacts the local labor market (as the Dallas Fed indicated Wednesday in its own Beige Book), it could be a weight on their housing health in the next few years.

Preliminary unaudited results indicate that the Federal Home Loan Banks of the U.S. Federal Reserve Board paid a record amount of approximately $98.7 billion out of their 2014 estimated net income of $101.5 billion to the U.S. Department of Treasury, according to an announcement from the Fed on Friday.

The Federal Reserve announced Wednesday that it intends to take a slow approach to raising interest rates in the coming year, even as the economy continues to strengthen. Given the current climate, the committee hinted that it will take steps to raise short-term interest rates in 2015, though it still would not commit to a timeframe, saying only that "it will likely be appropriate to maintain ... the [current] federal funds rate for a considerable period of time."

Federal Reserve officials released on Wednesday their final summary of economic conditions in 2014, ending the year on an upbeat note with reports of continued growth.

Three government agencies - the Office of the Comptroller of the Currency (OCC), the Board of Governors of the Federal Reserve System, and the Federal Deposit Insurance Corporation (FDIC) – will host the first in a series of outreach meetings in December 2 in Los Angeles.

Mortgage credit standards remained largely unchanged over the past three months as demand weakened overall, according to a report from the Federal Reserve.

President Barack Obama and Federal Reserve chair Janet Yellen are scheduled to meet one-on-one on Monday, November 3, according to a White House official.

The nation's economy continued to grow at a brisk clip in the third quarter, slowing down from the prior period but still beating forecasts.