Is Risk Rising in the Tri-Party Repo Market?
At the New York Fed, we follow the repo market closely and, with some of my colleagues, I’ve tried to keep readers of this blog informed about how the market works, how it’s being reformed, and what risks remain.
How the High Level of Reserves Benefits the Payment System
Since October 2008, the Federal Reserve has increased the size of its balance sheet by lending to financial intermediaries and purchasing assets on a large scale.
Historical Echoes: American Consumerism, Then and Now, with Product Timeline
A paper by Delia Cabe, “Buying into the Future,” which appeared in the fall 2001 Radcliffe Quarterly, tells in an arresting way the story of how Americans became such big spenders.
Gulf War II Veterans Home Buyers Tax Credit
Over the next few years, large volumes of homes are likely to flow from foreclosure onto lenders’ balance sheets as “real estate owned,” or REO.
Historical Echoes: Anthropomorphism in the Service of Child and Adult Financial Education
Everything seems to be anthropomorphized at one time or another—especially in advertising, where one needs to get a point across simply and memorably.
Just Released: February’s Empire State Manufacturing Survey Signals a Further Pickup
February’s Empire State Manufacturing Survey (ESMS) indicates that manufacturing activity in New York State continued to expand for a third consecutive month.
How Colleges and Universities Can Help Their Local Economies
Policymakers are increasingly viewing colleges and universities as important engines of growth for their local areas.
Historical Echoes: Return to Jekyll Island (Not The Creature from)
On November 5-6, 2010, the Federal Reserve Bank of Atlanta and Rutgers University cosponsored a conference titled “A Return to Jekyll Island: The Origins, History, and Future of the Federal Reserve.”
Do Payday Lenders Target Minorities?
Payday lenders make small, short-term loans to millions of households across the country.