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April 30, 2004 - NCUA - President Bush To Designate
NCUA Vice Chair JoAnn Johnson As NCUA Board Chairman
April 30, 2004 - FDIC Makes Public March Enforcement Actions; No
Administrative Hearings Scheduled for May - The Federal Deposit
Insurance Corporation (FDIC) today released a list of orders of
administrative enforcement actions taken against banks and
individuals in March.
April 30, 2004 - The Federal Reserve Board on Friday announced the
termination of the enforcement actions listed below.
April 30, 2004 - The Federal Reserve Board on Friday announced the
execution of a Written Agreement by and among Cache Valley Banking
Company, Logan, Utah; the Cache Valley Bank, Logan, Utah; the Utah
State Department of Financial Institutions, Salt Lake City, Utah;
and the Federal Reserve Bank of San Francisco.
April 30, 2004 - OCC
Announces New Electronic Interpretations and Actions - April 2004.
April 29, 2004 - FDIC Takes Disciplinary Action Against Former
Kansas Banker - The Federal Deposit Insurance Corporation reached
agreement on a civil money penalty with Roger A. Flax.
April 29, 2004 - FDIC Issues Removal And Prohibition Order Against
Former Illinois Banker - The Federal Deposit Insurance Corporation
issued a removal and prohibition order against Jong Koo Kim, a
former director of The Foster Bank, Chicago, IL.
April 29, 2004 - FDIC Issues Removal and Prohibition Order and Civil
Money Penalty Against Former Arkansas Banker - The Federal Deposit
Insurance Corporation issued a removal and prohibition order and
imposed a $50,000 civil money penalty against Frank G. Wallace, the
former president and a director of First State Bank, Parkin, AR.
April 29, 2004 - Statistical Release - G.20 Finance Companies
April 29, 2004 - Proposals for Comment Agency Information Collection
Activities Proposal to approve the extension for three years,
without revision of the following report: Investment in Bank
April 28, 2004 - National Credit Union Administration Issues
Prohibition Orders - The National Credit Union Administration has
issued Orders of Prohibition against the following individuals
April 28, 2004 - NCUA Vice Chair Johnson Touts Access Across
America Cooperative Partnerships and Calls for More Disclosure
Guidelines in Credit Union Conversions - In an address to the
National Cooperative Business Association's Cooperative Conference,
National Credit Union Administration Vice Chair JoAnn Johnson
highlighted the NCUA's successful Access Across America federal
partnership opportunities and detailed the disclosure requirements
for America's credit unions considering a conversion to a mutual
April 28, 2004 - NCUA - People's Alliance Federal Credit Union to
Serve Members of Brooklyn Ecumenical Federal Credit Union - The
National Credit Union Administration has announced the agency placed
Brooklyn Ecumenical Federal Credit Union of Brooklyn, N.Y. into
liquidation and authorized the purchase and assumption of its assets
and shares by People's Alliance Federal Credit Union of Hauppauge,
April 28, 2004 - Secured Credit Cards - Through its examination and
other supervisory activities, the OCC has identified a number of
issues presented by certain secured credit card programs, including
credit, compliance, and reputation risks and the potential for
inappropriate treatment of customers.
April 28, 2004 - Regulatory Capital - Asset-Backed Commercial Paper
Programs - Interim Final Rule This bulletin transmits an interagency
interim final rule on asset-backed commercial paper programs
published in the Federal Register on April 26.
April 28, 2004 - Notice of Proposed Rulemaking Regarding Medical
Privacy - The FDIC and other financial institution regulatory
agencies are soliciting comment on proposed rules that implement
section 411 of the Fair and Accurate Credit Transactions Act of 2003
April 28, 2004 - Public Meeting Regarding J. P. Morgan Chase &
Company, and Bank One Corporation Held on Friday, April 23, 2004, at
the Federal Reserve Bank of Chicago
April 28, 2004 - Jeffrey Marquardt - Associate Director,
Reserve Bank Operations and Payment Systems Federal
Reserve's activities in currency design and coin distribution
Before the Subcommittee on Domestic and International Monetary
Policy, Trade, and Technology, Committee on Financial Services, U.S.
House of Representatives
April 28, 2004 - Statement by NCUA Executive Director, J. Leonard
Skiles on the Federal Labor Relations Authority Decision - By a 2
to 1 decision issued April 26, 2004, the Federal Labor Relations
Authority denied the National Credit Union Administration's
application for review of the regional director's determination that
NCUA examiners do not meet the statutory definition of “management
officials.” Thus examiners are not exempt from the bargaining unit
of NCUA employees.
April 28, 2004 - OCC
Announces 16 New Enforcement Actions and Four Terminations -
The Office of the Comptroller of the Currency today
announced 16 new enforcement actions taken against national banks
and individuals currently and formerly affiliated with national
banks and four terminations of existing enforcement actions.
April 27, 2004 - NCUA Vice Chair JoAnn Johnson Participates In
Financial Literacy Initiative at Virginia school - As part of
National Financial Literacy Month, National Credit Union
Administration Board Vice Chair JoAnn Johnson participated today by
reading to students at Jefferson-Houston Elementary School.
April 28, 2004 - NCUA Encourages Regions to Allow Credit Unions to
Fund SBA 504 Loans - National Credit Union Administration (NCUA)
Board Member Debbie Matz, the NCUA Board's liaison to the Small
Business Administration, enthusiastically supports a move to
encourage the agency's Regional Directors to use their authority to
help credit unions fund business loans under SBA's 504 loan program.
April 27, 2004 - General Counsel Virgil Mattingly will retire on
June 30 after 30 years of service with the Federal Reserve Board,
including 25 years as a member of the Board's official staff.
April 27, 2004 - Governor
Susan Schmidt Bies Innovation in Financial
Markets and Banking Relationships At the Financial Executives
International 2004 Summit, San Diego, California
April 27, 2004 - Chairman
Alan Greenspan Energy Before the Center for
Strategic & International Studies, Washington, D.C.
April 26, 2004 - Working Papers - Finance and Economics
Discussion Series 2004-17 through 2004-22
April 26, 2004 - NCUA - Opinion Letter - 04-0353 - Funeral Home as
Permissible CUSO Activity
April 26, 2004 - NCUA - Opinion Letter - 04-0139 - No-Interest Loans
to Nonprofit Community Organization
April 26, 2004 - Extension of Interim Final Rule Applicable to
Sponsors of Asset-Backed Commercial Paper Programs Affected by
"Financial Accounting Standards Board Interpretation No. 46,
Consolidation of Variable Interest Entities"
April 26, 2004 - New Practice on Providing Certificates of Deposit
Insurance for Display - Beginning June 1, 2004, the FDIC will no
longer automatically provide original certificates of deposit
insurance for display at an insured institution's offices. Instead,
the FDIC will provide only one original certificate to an
institution when it is granted insurance.
April 26, 2004 - Proposed Rule on Determining When Funds Underlying
Stored Value Cards Qualify as "Deposits" - The FDIC is seeking
public comment on when funds underlying stored value cards qualify
as "deposits" under the Federal Deposit Insurance Act. Under the
proposed regulation, funds placed at an insured depository
institution by a sponsoring company would qualify as "deposits."
Funds collected from cardholders in exchange for stored value cards
issued by an insured depository institution (and not issued by a
sponsoring company) also would qualify as "deposits" if the
depository institution maintains accounts or subaccounts for the
April 26, 2004 - Regulations - Revised page linking to a Government
Printing Office site that regularly incorporates amendments -
April 26, 2004 - U.S. Unveils New $50 Note With Background Colors -
U.S. government officials from the Department of the Treasury, the
Federal Reserve and the United States Secret Service, today unveiled
the new $50 note design with enhanced security features, and subtle
background colors of blue and red, and images of a waving American
flag and a small metallic silver-blue star.
April 26, 2004 - Governor
Susan Schmidt Bies Current Issues in Corporate
Governance At the Bank Administration Institute's Fiduciary
Risk Management Conference 2004, Las Vegas, Nevada
April 26, 2004 - Governor
Mark W. Olson - Preview of the Redesigned
Series 2004 U.S. $50 Note At the Bureau of Engraving and
Printing's Western Currency Facility, Fort Worth, Texas
April 23, 2004 - U.S. Department of Treasury FinCEN
Advisories 29W and 30W - This advisory letter revises the list of
countries detailed in OCC Advisory Letter (AL) 2003-6, "U.S.
Department of Treasury FinCEN Advisory 27W," dated July 29, 2003.
April 23, 2004 - International Finance Discussion Papers -
Price-level Determinacy, Lower Bounds on the Nominal Interest Rate,
and Liquidity Traps Ragna Alstadheim; Dale W. Henderson
April 23, 2004 - Agencies Issue Proposed Rule on Use of Medical
Information for Credit Eligibility = The federal bank, thrift
and credit union regulatory agencies today issued for publication in
the Federal Register a proposed rule under the Fair Credit Reporting
Act that would incorporate the statutory prohibition on obtaining or
using medical information in connection with credit eligibility
determinations and, as required by the statute, create certain
exceptions to be applied in limited circumstances.
April 23, 2004 - Governor
Ben S. Bernanke The economic outlook and
monetary policys At the World Economy Laboratory Spring
Conference, Washington, D.C.
Governor Ben S. Bernanke presented
identical remarks at the Bond Market Association Annual Meeting, New
York, New York, on April 22, 2004
April 23, 2004 - Speech by Vice Chairman Roger W. Ferguson, Jr. -
April 22, 2004 - NCUA - Matz Suggests Partnerships to Make More
Affordable Mortgages - National Credit Union Administration Board
Member Debbie Matz, invited by Fannie Mae's Credit Union Advisory
Council to discuss the virtues of partnership, encouraged credit
union leaders to "partner with organizations that can help you offer
affordable mortgages to first-time homebuyers. These potential
homebuyers can benefit the most from credit union services."
April 22, 2004 - OCC Releases CRA Evaluations For 52 National Banks
- The Office of the Comptroller of the Currency today released a
list of Community Reinvestment Act performance evaluations that
became public during the period of March 15, 2004 through April 14,
April 22, 2004 - FDIC Warns About Fraudulent E-Mails - The Federal
Deposit Insurance Corporation has received complaints from consumers
who received an e-mail that appears to have been sent by the FDIC.
The fraudulent e-mail indicates that the FDIC has collaborated with
credit card providers to provide a new service for those who wish to
secure their credit cards against fraud and to be part of a secure
online transaction network.
April 22, 2004 - FOMC Transcripts - Transcripts for 1979 and 1980
FOMC meetings - Procedures adopted by the FOMC provide for the
public release of transcripts for an entire year with a five-year
lag. By contrast, minutes of each meeting are issued a few days
after the next regularly scheduled meeting (a lag averaging about
six weeks), and a statement pertaining to the Committee's policy
decisions is issued shortly after the conclusion of each meeting.
April 22, 2004 - Governor
Ben S. Bernanke The economic outlook and
At the Bond Market Association Annual Meeting, New York, New York
April 22, 2004 - Governor
Susan Schmidt Bies The Economic Outlook and
Financial Health of Bank Customers At the Economic Growth and
Regulatory Paperwork Reduction Act Banker Outreach Meeting,
April 21, 2004 - FDIC Issues Two New Publications Explaining Deposit
Insurance Coverage - The FDIC has issued two new publications to
help explain federal deposit insurance coverage to bank customers.
One brochure, Insuring Your Deposits, answers basic questions that
most individuals and families have about their FDIC insurance
coverage. The other publication, Your Insured Deposits - FDIC's
Guide to Deposit Insurance Coverage, is a comprehensive guide to the
deposit insurance rules primarily for individuals with large-dollar
or complex accounts, as well as businesses and organizations.
April 21, 2004 - Beige Book - Informal review by the Federal Reserve
Banks of current economic conditions in their Districts
April 21, 2004 - Public Meeting Regarding J. P. Morgan Chase &
Company, and Bank One Corporation Held on Thursday, April 15, 2004,
at the Federal Reserve Bank of New York
April 21, 2004 - The Federal Reserve Board on Wednesday requested
comment on proposed revisions to Part II of its Policy Statement on
Payments System Risk, which addresses risk management in payments
and securities settlement systems.
April 21, 2004 - NCUA- Grant Funds Available for VITA Program
Participants - The National Credit Union Administration announces
today that the agency has $75,000 in Technical Assistance Grant
funds available for low-income designated credit unions that wish to
participate in the 2004-2005 Internal Revenue Service's Volunteer
Income Tax Assistance Program.
April 21, 2004 - Chairman Alan Greenspan - The economic outlook
Before the Joint Economic Committee, U.S. Senate
April 20, 2004 - Statement Of The Honorable Dennis Dollar Chairman
National Credit Union Administration Fiscal Year 2005 Budget Request
April 20, 2004 - NCUA - NCUA Chairman Testifies about the Credit
Union Industry on Capitol Hill - Joining Fed Chairman Alan
Greenspan, FDIC Chairman Don Powell and others, National Credit
Union Administration Chairman Dennis Dollar testified here today
before the U.S. Senate Committee on Banking, Housing and Urban
Affairs. Today's hearing on "An Examination of the Current Condition
of the Banking and Credit Union Industry" brought the country's
chief financial regulators before the 21-member Senate committee.
April 20, 2004 - OTS Chief Counsel Carolyn Buck Announces
Retirement; John Bowman Named As Successor - Carolyn J. Buck
announced today her intention to retire from the Office of Thrift
Supervision effective May 29, 2004, after over 30 years of
government service, including the past 11 years as Chief Counsel of
OTS. In this position, Buck has management responsibility for the
legal staff at OTS, including those in the four OTS regions.
April 20, 2004 - Comptroller Hawke Tells Senate Banking Committee
That National Banking System is in Strong Condition - By virtually
every measure, the national banking system is in strong condition,
Comptroller of the Currency John D. Hawke, Jr. said in testimony
today before the Senate Banking Committee.
April 20, 2004 - Chairman Alan Greenspan - The state of the banking
industry Before the Committee on Banking, Housing, and Urban
Affairs, U.S. Senate
April 20, 2004 - NCUA - Dallas Educators Federal Credit Union
Service Uninterrupted While Conserved - The National Credit Union
Administration (NCUA) has placed Dallas Educators Federal Credit
Union into conservatorship based on significant record-keeping
issues and the financial condition of the credit union.
Conservatorship - which transfers management of the credit union to
NCUA - is employed to protect the assets of a troubled credit union
with the goal of restoring the institution to a strong financial
position and, ultimately, returning it to the control of its
April 20, 2004 - NCUA - Keynote Speakers Join PALS Workshop to Help
Credit Unions Make More Mortgages - Two new keynote speakers will
share inspiring ideas to reach first-time homebuyers, as part of
National Credit Union Administration Board Member Debbie Matz's free
Partnering and Leadership Success workshop on June 2 in Boston.
April 19, 2004 - Reports to the Congress - Annual Report: Budget
Review, 2004 Covers budgeted expenses of the Reserve Banks for
2004, the 2004 phase of the Board's current two-year (2004-05)
budget, and income and expenses for 2002 and 2003. Also describes
the budgeting process for the Board and Banks and shows trends in
expenses and employment.
April 16, 2004 - NCUA - Matz Encourages Credit
Unions to "Take Care of Business" - Speaking to the Alabama Credit
Union League Annual Meeting with the theme of "Taking Care of
Business," NCUA Board Member Debbie Matz encouraged credit union
leaders to consider offering member business loans, Small Business
Administration loans, and other services to help small businesses
April 16, 2004 - Paul H. Kupiec Named Associate Director of FDIC's
Division of Insurance and Research and Co-Director of FDIC Center
for Financial Research - Federal Deposit Insurance Corporation
Chairman Don Powell has announced the appointment of Paul H. Kupiec
as Associate Director of the FDIC's Division of Insurance and
Research and Co-Director of the FDIC Center for Financial Research
His appointment is effective on Monday, April 19, 2004.
April 16, 2004 - Industrial Production And Capacity Utilization -
Industrial production fell 0.2 percent in March after two months of
April 16, 2004 - Governor
Ben S. Bernanke - Financial Access for
Immigrants: The Case of Remittances At the Financial Access for
Immigrants: Learning from Diverse Perspectives conference, Federal
Reserve Bank of Chicago, Chicago, Illinois
April 16, 2004 - Chairman
Alan Greenspan - Capitalizing reputation At
the 2004 Financial Markets Conference of the Federal Reserve Bank of
Atlanta, Sea Island, Georgia
April 15, 2004 - NCUA - Summary of Actions Taken at the April 15,
2004 Board Meeting
April 15, 2004 - Annual Report on Operating Subsidiaries - The
attached notice of proposed rulemaking which would amend 12 CFR part
5.34, the Office of the Comptroller of the Currency's rule governing
activities, application, or notice requirements for national banks
engaging in activities through an operating subsidiary, was
published in the Federal Register on March 25, 2004.
April 15, 2004 - Governor
Ben S. Bernanke What Policymakers Can Learn from
Asset Prices Before The Investment Analysts Society of Chicago,
April 15, 2004 - The Federal Reserve Board on Wednesday announced
the termination of the enforcement action Community First Bank and
Trust, Celina, Ohio Written Agreement dated July 25, 2002 Terminated
February 4, 2004
April 15, 2004 - The revised "Charters" booklet of the
Comptroller's Licensing Manual series is available on the OCC's
Internet site. The revisions incorporate many regulatory and policy
changes since the November 2002 version.
April 15, 2004 - OCC
Releases Second Quarter Edition of Quarterly Journal on the Web
- This issue features the
condition of commercial banks, as well as mergers, interpretive
letters, speeches and testimony, corporate structure changes, and
financial performance of national banks.
April 14, 2004 - NCUA - The Corporate Examiner's Guide provides
guidance to National Credit Union Administration examiners for
performing examinations and supervision of corporate credit unions.
April 14, 2004 - NCUA - Fair Credit Reporting Medical Information
Regulations - On December 4, 2003, the President signed into law the
FACT Act, which amends the FCRA. Pub. L. 108-159, 117 Stat. 1952. In
general, the FACT Act contains provisions designed to enhance the
ability of consumers to combat identity theft, increase the accuracy
of consumer reports, and allow consumers to exercise greater control
regarding the type and amount of marketing solicitations they
receive. Section 411 of the FACT Act limits the ability of creditors
to obtain or use, of consumer reporting agencies to disclose, and of
affiliates to share medical information.
April 14, 2004 - The Federal Reserve Board on April 6, 2004, voted
to seek comment on a proposed rule under the Fair Credit Reporting
Act that would create exemptions for obtaining, using, and sharing
medical information. The Federal Deposit Insurance Corporation and
the National Credit Union Administration have also approved the
proposed rule for publication. Action by the Office of the
Comptroller of the Currency and Office of Thrift Supervision is
April 13, 2004 - Home Mortgage Disclosure Act Updated Examination
Procedures - The Board of Governors of the Federal Reserve System
substantially amended its Regulation C, which implements the Home
Mortgage Disclosure Act in early 2003. The changes became effective
on January 1, 2004.
April 13, 2004 - Marquette High Earns First Place in District "Fed
Challenge - A team of students from Marquette High School in
Chesterfield, Mo., beat out teams from Little Rock and Memphis to
win the District "Fed Challenge," an economics competition sponsored
by the Federal Reserve Bank of St. Louis.
April 13, 2004 - NCUA - Matz Challenges D.C.-Area Credit Unions to
Serve as Nation's Model - National Credit Union Administration Board
Member Debbie Matz last night challenged credit union leaders from
the Washington, D.C. area to "reach everyone in this diverse
community and become the standard by which other credit unions are
April 13, 2004 - Federal agencies publish Spanish-language version
of consumer brochure on predatory lending - The federal Interagency
Task Force on Fair Lending has published a Spanish-language version
of a brochure that alerts consumers to potential borrowing pitfalls,
including high-cost home loans, and provides tips for getting the
best financing deal possible.
April 12, 2004 - Dr. Janet L. Yellen has been appointed President &
Chief Executive Officer of the Federal Reserve Bank of San
Francisco, according to an announcement by George M. Scalise,
Chairman of the San Francisco Fed's Board of Directors.
April 12, 2004 - NCUA - Controlling the Assault of Non-Solicited
Pornography and Marketing Act - The purpose of this letter is to
inform Credit Unions that the sending of information by electronic
mail, including marketing information initiated by the credit union
or a third party, may trigger compliance requirements recently
established by the Controlling the Assault of Non-Solicited
Pornography and Marketing Act.
April 9, 2004 - NCUA - Guidelines for technical
assistance funding programs are available - The Office of Credit
Union Development is responsible for the administration of several
programs designed to establish, strengthen, and improve the
operation of small and low-income designated credit unions.
April 9, 2004 - The Federal Reserve Board on Friday announced
amendments to Appendix A of Regulation CC, effective June 26, 2004,
that reflect the restructuring of the Federal Reserve's check
processing operations in the Fourth and Fifth Districts.
April 9, 2004 - Import Ban for Entities Subject to Weapons of Mass
Destruction Trade Control Regulations - The Department of the
Treasury's Office of Foreign Assets Control has reported that
several foreign entities are no longer subject to the import ban of
the Weapons of Mass Destruction Trade Control Regulations.
April 9, 2004 - Chairman Don Powell to Appear on PBS's "Moneywise
with Kelvin Boston" - Federal Deposit Insurance Corporation Chairman
Don Powell will appear tomorrow on "Moneywise with Kelvin Boston,"
which airs on public television stations across the country.
Chairman Powell will discuss the array of financial services and
products offered by banks and how consumers can best use them. He
will also talk about the importance of financial literacy, including
the FDIC's Money Smart initiative.
April 8, 2004 - First Quarter 2004 Edition of the FDIC's Letter to
Stakeholders - The Federal Deposit Insurance Corporation is pleased
to issue its eighth Letter to Stakeholders. The letter reports on
our priorities and activities for the first quarter of 2004.
April 8, 2004 - Vice
Chairman Roger W. Ferguson, Jr. - Macroeconomic
Outlook and Uncertainties At the Twelfth District Community
Leaders Luncheon, Federal Reserve Bank of San Francisco, San
April 7, 2004 - New Grant Initiatives for Credit Unions to Stimulate
Economic Development in Low-Income Communities -
Low-Income Credit Unions Encouraged
to Apply for New TAG Grant Programs.
April 7, 2004 - SF Federal Reserve President to Deliver Economic
Outlook at St. Mary's College - "The U.S. and Regional Economic
Outlook: A Monetary Policymaker's Perspective."
April 7, 2004 - Comptroller Hawke Tells Senate Panel of Overarching
Considerations for Preemption and Visitorial Powers Rules -
Comptroller of the Currency John D. Hawke, Jr. told a Senate panel
today that there are a few overarching considerations as background
for discussion of the OCC's recently issued rules on preemption and
April 7, 2004 - FDIC Issues Warning About Fraudulent E-mails - The
FDIC has received complaints from consumers who received an e-mail
that appears to have been sent by the FDIC. The e-mail is
purportedly from security at fdic.com and the subject is fraud
April 7, 2004 - Minority Owned Banks as of December 31, 2003.
April 7, 2004 - Consumer credit rose at an annual rate of 2-1/2
percent in February following a 9-1/2 percent increase in January.
April 7, 2004 - The Federal Reserve Board on Wednesday issued
proposed amendments to Regulation V, which implements the Fair
Credit Reporting Act The amendments would add a model form for
financial institutions to use if they furnish negative information
to consumer reporting agencies.
April 7, 2004 - The Federal Reserve Board on Wednesday announced the
termination of the enforcement action of Fifth Third Bancorp and
Fifth Third Bank, Cincinnati, Ohio Written Agreement dated March 26,
2003 Terminated April 6, 2004.
April 7, 2004 - NCUA - Letter to Credit Unions - 04-CU-04 -
Investment Safekeeping Due Diligence.
April 6, 2004 - FOMC Commitment to Price Stability "Not in Doubt,"
Says St. Louis Fed's Poole The Federal Open Market Committee, the
Federal Reserve's monetary policymaking body, hasn't defined "price
stability" numerically. Just the same, its commitment to price
stability is solid.
April 5, 2004 - OTS Proposes New Form For Collecting Risk Exposure
Data - As part of an on-going effort to comprehensively enhance its
interest rate risk modeling capabilities, the Office of Thrift
Supervision is introducing a new form for collecting data used to
measure thrifts' interest-rate risk exposure.
April 5, 2004 - Mark Levonian Named Deputy Comptroller for Modeling
and Analysis - Mark Levonian has been named Deputy Comptroller for
Modeling and Analysis, a new position at the Office of the
Comptroller of the Currency.
April 5, 2004 - FDIC Issues April List of Banks Examined for CRA
Compliance - The Federal Deposit Insurance Corporation today issued
its monthly list of state nonmember banks recently evaluated for
compliance with the Community Reinvestment Act.
April 5, 2004 - The Federal Reserve Board on Monday announced its
approval of the applications filed under the Bank Holding Company
Act by Manulife Financial Corporation, Toronto, Canada, to become a
bank holding company and acquire John Hancock Financial Services,
Inc., Boston, Massachusetts.
April 2, 2004 - How Do Data Revisions Affect The Evaluation And
Conduct Of Monetary Policy? - Many economic data series are revised
as more comprehensive information becomes available, leaving
policymakers to make decisions based on data they know are noisy or
imprecise. Revisions to data series also complicate the evaluation
of historical policy actions as actions taken based on data
available at the time may differ considerably from recommendations
based on revised data.
April 2, 2004 - Economic Policy Implications Of World Demographic
Change - Global demographic shifts over the next 50 years will
affect the world economy in many ways. Although some changes may be
beneficial, others may create economic challenges for policymakers
April 2, 2004 - Will The Farm Rebound Lead A Rural Recovery? - For
rural America, the economic headlines of 2003 were mostly positive.
Low crop supplies, strong demand, and high prices underpinned strong
gains in farm income while the job losses and factory closures eased
in rural communities. Will 2004 see the rural economy build on last
April 1, 2004 -
Governor Donald L. Kohn
Monetary Policy and Imbalances At the Banking and Finance
Lecture Series, Widener University, Chester, Pennsylvania
April 1, 2004 - Comptroller Hawke Tells House Panel National Banks
Are in Sound Condition - Comptroller of the Currency John D. Hawke,
Jr. told a House panel today that the national banking system is in
excellent health and that national banks are continuing to play
their traditional role of providing investment capital to America's
businesses and communities.
April 1, 2004 - Statistical Release G.5 Foreign Exchange Rates
(Monthly) THE Table Below Shows The Average Rates Of Exchange In
March 2004 Together With Comparable Figures For Other Months.
Averages Are Based On Daily Noon Buying Rates For Cable Transfers
In New York City Certified For Customs Purposes By The Federal
Reserve Bank Of New York.
April 1, 2004 - Governor
Ben S. Bernanke Financial education and
Jump$tart survey At the Jump$tart Coalition for Personal
Financial Literacy and Federal Reserve Board joint news conference,