Government Updates

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The Beige Book is published eight times per year by the Federal Reserve Bank. Each Federal Reserve Bank gathers anecdotal information on current economic conditions in its district through reports from bank and branch directors and interviews with key business contacts, economists, market experts and other sources. The Beige Book summarizes this information by dstrict and sector. An overall summary of the 12 district reports is prepared by a designated Federal Reserve Bank on a rotating basis.
>>read the latest report

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Fed Offers $50 Billion in 28-Day Credit Through its Term Auction Facility

Feb 8 - On February 8, 2010, the Federal Reserve will offer $50 billion in 28-day credit through its Term Auction Facility. Additional information regarding the auction is listed below; the auction... >>more

Minnesota: Community Development Bank Assumes Deposits of 1st American State

Feb 8 - 1st American State Bank of Minnesota, Hancock, Minnesota has been closed by the Minnesota Department of Commerce, which appointed the Federal Deposit Insurance Corporation as receiver. To... >>more

Regulators Issue Statement on Lending to Creditworthy Small Businesses

Feb 5 - The federal financial regulatory agencies and the Conference of State Bank Supervisors have issued a statement on prudent lending to creditworthy small business borrowers.  The... >>more

FDIC Issues List of Banks Examined for CRA Compliance

Feb 5 - The Federal Deposit Insurance Corporation has issued its list of state nonmember banks recently evaluated for compliance with the Community Reinvestment Act. The list covers evaluation... >>more

Financial Services Committee to Consider the Future of Housing Finance

Feb 4 - Services Committee Chairman Barney Frank, D-MA, had announced the committee will hold a hearing on March 2 to begin the process of considering the future of housing finance.  The hearing... >>more

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