Search Results

SORT BY: PREVIOUS / NEXT
Author:Avery, Robert B. 

Working Paper
Estate vs. capital gains taxation: an evaluation of prospective policies for taxing wealth at the time of death

Debate over the U.S. federal estate tax has intensified recently as a result of the sunset provisions in the Economic Growth and Tax Relief Reconciliation Act (EGTRRA) of 2001 and changes in law passed in conjunction with the "fiscal cliff" at the end of 2012. Despite recent changes in the law, there remains an open debate regarding the extent to which prospective estates comprise assets that have been taxed previously. Using wealth data on U.S. households, we forecast changes in household wealth in the coming decade and calculate the importance of untaxed wealth in bequeathed estates. ...
Finance and Economics Discussion Series , Paper 2013-28

Journal Article
Changes in the distribution of banking offices

The past twenty years have been marked by major structural and regulatory changes in the banking industry. This article explores the relationships between these changes and the distribution of "brick and mortar" banking offices between 1975 and 1995. The analysis explores how population shifts, deregulation, and mergers, acquisitions, and failures may have influenced changes in the number and location of banking offices. Special attention is given to changes in banking office distributions across neighborhoods grouped by the median income of their residents and their central city, suburban, ...
Federal Reserve Bulletin , Volume 83 , Issue Sep

Journal Article
Credit report accuracy and access to credit

Data that credit-reporting agencies maintain on consumers' credit-related experiences play a central role in U.S. credit markets. Analysts widely agree that the data enable these markets to function more efficiently and at lower cost than would otherwise be possible. Despite the great benefits of the current system, however, some analysts have raised concerns about the accuracy, timeliness, completeness, and consistency of consumer credit records and about the effects of data problems on the availability and cost of credit. ; In this article, the authors expand on the available research by ...
Federal Reserve Bulletin , Volume 90 , Issue Sum , Pages 297-322

Working Paper
The subprime crisis: Is government housing policy to blame?

A growing literature suggests that housing policy, embodied by the Community Reinvestment Act (CRA) and the affordable housing goals of the government sponsored enterprises, may have caused the subprime crisis. The conclusions drawn in this literature, for the most part, have been based on associations between aggregated national trends. In this paper we examine more directly whether these programs were associated with worse outcomes in the mortgage market, including delinquency rates and measures of loan quality. We rely on two empirical approaches. In the first approach, which focuses on ...
Finance and Economics Discussion Series , Paper 2011-36

Journal Article
A comparison of risk-based capital and risk-based deposit insurance

A comparison of alternative bank regulatory proposals for controlling the level of bank risk, using a model based on six FDIC variables for predicting bank failure or loss.
Economic Review , Issue Q IV , Pages 20-30

Working Paper
Posted rates as signals in mortgage lending markets

A discussion of how mortgage lenders might use posted lending terms to signal both their eagerness to take new loan applications and their lending standards.
Working Papers (Old Series) , Paper 9419

Conference Paper
Lender consistency in housing credit markets

Proceedings , Paper 417

Journal Article
The 2008 HMDA data: the mortgage market during a turbulent year

The data that mortgage lending institutions reported for 2008 under the Home Mortgage Disclosure Act of 1975 (HMDA) reflect the ongoing difficulties in the housing and mortgage markets. This article presents a number of key findings from a review of the 2008 HMDA data. In particular, it documents a reduction in lending activity that was experienced by all groups of borrowers, highlights the Federal Housing Administration's greatly expanded role in the mortgage market, and examines how atypical changes in the interest rate environment affected the incidence of reported higher-priced lending in ...
Federal Reserve Bulletin , Volume 96 , Issue Apr , Pages A169-211

Conference Paper
Access to credit for minority-owned businesses

Proceedings , Paper 759

Journal Article
Community banks and rural development: research relating to proposals to revise the regulations that implement the Community Reinvestment Act

Since 1977, the Community Reinvestment Act (CRA) has required that federally insured banking institutions be evaluated on their records of helping to meet the credit needs of their local communities. In 1995, the agencies responsible for bank supervision substantially revised the regulations that implement the CRA. The revisions were intended to emphasize performance rather than process, to reduce unnecessary regulatory burden, and to increase consistency in CRA evaluations. Since 1995, "large" institutions, generally those with assets of $250 million or more, have been evaluated under a ...
Federal Reserve Bulletin , Volume 91 , Issue Spr

FILTER BY year

FILTER BY Content Type

FILTER BY Jel Classification

G21 13 items

G28 8 items

R31 5 items

D14 2 items

D18 1 items

G34 1 items

show more (5)

FILTER BY Keywords

PREVIOUS / NEXT