RSS Feed for News Releases - Federal Reserve Bank of Richmond

News Releases - Federal Reserve Bank of Richmond
Richmond Fed Press Releases

• Richmond Fed Announces Online Foreclosure Resource Center
  The Federal Reserve Bank of Richmond has launched an online Foreclosure Resource Center providing information for homeowners, community groups and local governments to help prevent foreclosures and lessen their negative influence on neighborhoods.
• Richmond Fed Ready to Provide Liquidity in Wachovia Transition
  The banking operations of Wachovia Corp., which is headquartered in Charlotte, N.C., are being acquired by Citigroup Inc. The transaction is being facilitated by the Federal Deposit Insurance Corporation and concurred with by the Board of Governors of the Federal Reserve and the Secretary of the Treasury.
• Richmond Fed Names New Council Members
  The Federal Reserve Bank of Richmond three members to its Small Business and Agriculture Advisory Council.
• Longwood University Mortgage Foreclosure Forum Features Richmond Fed
  The impact of mortgage foreclosures on communities and the credit market are among the topics to be discussed in an upcoming forum sponsored by Longwood University and the Federal Reserve Bank of Richmond. “Widespread Impacts of Mortgage Foreclosures: From Credit Markets to Local Communities,” is slated for 7 p.m. Wednesday, September 24, in Longwood’s Hiner Hall Auditorium (Room 207). The event is free and open to the public and media.
• Richmond Fed's Economic Quarterly Examines the Evolution of U.S. Income Inequality
  Income inequality in the United States has received considerable attention in recent policy debates. Richmond Fed economists Kevin A. Bryan and Leonardo Martinez find that income inequality has risen since the 1960s, and that this is explained mainly by increases in inequality at the top of the income distribution. In addition, they document periods characterized by a decline in real income for lower income groups. Bryan and Martinez also explain that welfare inequality may have increased less than income inequality and, in fact, may actually have decreased, due to changing trends in leisure consumption.
• Richmond Fed Publication Explores the Private Equity Industry
  The role of private equity firms--organizations that buy companies in order to reshape them and sell them later at a profit -- is often misunderstood. Some buyouts and firms make splashy headlines, and credit market turmoil is prompting questions about whether this is the end of an era for private equity. The cover story of the latest Region Focus de-mystifies this industry and explores its importance in keeping the economy competitive.
• Richmond Fed's Economic Quarterly Examines Whether Bank Supervisors Should Disclose Information About Their Banks
  Should Bank Supervisors Disclose Information About Their Banks? by Edward S. Prescott
• Richmond Fed's 2007 Annual Report Features Essay on Savings and Retirement
  The Federal Reserve Bank of Richmond today released its 2007 Annual Report, which features the essay "Are We Saving Enough? Households and Retirement."
• Severn School to Represent Fifth Federal Reserve District in National Fed Challenge Competition
  Severn School, located in Severna Park, Md., won the Fifth District championship round of the 2008 Fed Challenge competition held today at the Federal Reserve Bank of Richmond. This year's winning team included Kathy Little, Matt Quinn, Logan McNamara, Emily Viohl, Will Smith and Richard Welch and was coached by John Bodley.
• Millbrook High School Wins Charlotte Office's Fed Challenge 2008
  Millbrook High School of Raleigh, N.C., won the Charlotte Office's preliminary round of the Fifth District's annual high school Fed Challenge competition held on April 16. The winning team included students Bill Armstrong, James Cronin, Andrew Owens, Ellet Shaner, Mark Skvara, and Megan Vice, and was coached by Gene Kikolski. The team will travel to the Federal Reserve Bank of Richmond's headquarters in Richmond, Va., to compete against teams from the Richmond and Baltimore offices on May 1.