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Summer 2008

News and Views for Eighth District Bankers

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New President Bullard Bullish on Economics

Jim Bullard, who became the St. Louis Fed’s president in April, is an advocate of the power of economic ideas and financial literacy.


District Banks’ Profits Are Steady, But Problem Loans Mount

Asset quality is a continuing concern at both District banks and their national peers.


The Past, Present and Future of the U.S. Mortgage Market

Fed officer and economist William Emmons examines the evolution of the mortgage markets—and speculates that U.S. markets may return to models of an earlier era.


Central Banker ONLINE-ONLY CONTENT

A Look at Key Tenets of the Poole Presidency
Former St. Louis Fed President Bill Poole focused on making the Fed transparent and zeroing in on a single, central policy goal.


Views

Poole Reflects on Presidency
Bank's Annual Report features his thoughts and speech highlights.

Do Smoking Bans Make Economic Sense?
The Fed’s Mike Pakko clears the haze.


Out for Comment

Changes Proposed to Regulations AA, DD and Z
Comment due Aug. 4 on rules prohibiting certain credit card and overdraft service practices.


Tools

St. Louis Fed Now Publishing Burgundy Books
Quarterly reports offer zone-specific economic data.

Send Feedback Online to St. Louis Fed’s Accounting Department
Depository institutions can use an online feedback tool instead of a postcard response.

Fed’s Memphis Branch Offers Tennessee Consumers Info on Predatory Lending
Brochure explains the Tennessee Home Loan Protection Act for consumers.

Fed Maps Illustrate Subprime and Alt-A Loan Conditions
New, customizable maps display regional variations in the condition of subprime loans.


Regional Roundup

New Fed Pricing Policy for Carrier Documents Effective Aug. 1
Pricing will be modified on forward collection and return items in carrier documents.

State Quarter Program Completed in 2008
The U.S. Mint’s 10-year quarter program ends this year.

Fed to Use Strap Imaging
Transition for currency processing begins Aug. 18.

Also in this issue:

Feditorial:  What We’re Learning from the Subprime Mortgage Crisis
The St. Louis Fed is helping various public and private groups and individuals get a better handle on subprime and foreclosure issues. 

St. Louis Fed’s Check Restructuring Speeds Up
St. Louis Fed Check operations will be consolidated with the Atlanta Fed’s in 2009 instead of 2011.

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