Reduce liability for losses on commercial accounts by adhering to four requirements.
Richmond Fed President Discusses Dissenting FOMC Vote on NPR
Sept 19 - Jeffrey Lacker, president of the Federal Reserve Bank of Richmond, was the lone dissenting vote in a 12-member body that authorized a new, open-ended round of quantitative easing designed to tackle the persistently high unemployment rate. Lacker talks with All Things Considered host Guy Raz about his vote and the stimulus.
Click here to listen to the interview.