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Report
2011 Annual Report to the Congress on the Presidential $1 Coin Program
Pursuant to section 104 of the Presidential $1 Coin Act of 2005 (Public Law 109-145), the Board of Governors of the Federal Reserve System is required to submit an annual report to the Congress on the remaining obstacles to the efficient and timely circulation of $1 coins; on consultations with industry representatives, the vending industry, and other coin-accepting organizations; and recommendations for legislative action that the Board may determine to be appropriate. Since our 2010 annual report, the Federal Reserve Banks (the Reserve Banks) distributed nearly 290 million James Buchanan, ...
Report
The Federal Reserve System: Purposes and Functions
This is the ninth edition of The Federal Reserve System: Purposes and Functions. It has been revised by staff members of the Federal Reserve Board to reflect the changes that have taken place in the monetary, regulatory, and other policy areas since publication of the eighth edition in 1994. It incorporates major changes in the law and in the structure of the financial system that have occurred over the past decade.
Report
Report to the Congress on the Profitability of Credit Card Operations of Depository Institutions, June 2012
Section 8 of the Fair Credit and Charge Card Disclosure Act of 1988 directs the Federal Reserve Board to transmit annually to the Congress a report about the profitability of credit card operations of depository institutions. This is the twenty-second report. The analysis here is based to a great extent on information from the Consolidated Reports of Condition and Income (Call Report) and two Federal Reserve surveys, the Quarterly Report of Credit Card Interest Rates and the Survey of Terms of Credit Card Plans.
Report
Report to the Congress on the Profitability of Credit Card Operations of Depository Institutions, July 2018
Section 8 of the Fair Credit and Charge Card Disclosure Act of 1988 directs the Federal Reserve Board to transmit annually to the Congress a report about the profitability of credit card operations of depository institutions. This is the 28th report. The analysis in this report is based to a great extent on information from the Consolidated Reports of Condition and Income (Call Reports) and the Quarterly Report of Credit Card Plans.
Report
Independent Foreclosure Review, July 2014
Between April 2011 and April 2012, the Office of the Comptroller of the Currency (OCC), the Board of Governors of the Federal Reserve System (“Federal Reserve”), and the Office of Thrift Supervision (OTS) issued formal enforcement actions against 16 mortgage servicing companies to address a pattern of misconduct and negligence related to deficient practices in residential mortgage loan servicing and foreclosure processing identified by examiners during reviews conducted from November 2010 to January 2011. Beginning in January 2013, 15 of the mortgage servicing companies subject to ...
Report
The Federal Reserve Payments Study: 2017 Annual Supplement
Since 2001, the Federal Reserve System has conducted a triennial Federal Reserve Payments Study (FRPS) to estimate aggregate trends in noncash payments in the United States. After the completion of the most recent FRPS in 2016, which reported on trends from 2012 to 2015, a smaller and more targeted annual supplementary data collection was launched to keep information current between the triennial studies. This brief reviews some early results from the 2017 annual update, which contains new estimates of trends for selected core payment instruments from 2015 to 2016. In addition to new ...
Report
Insights into the Financial Experiences of Older Adults: A Forum Briefing Paper, July 2013
The U.S. population is aging rapidly. By 2060, more than one in five individuals in the United States will be over the age of 65, up from one in seven today. The older adult population, here, defined as those 40 and older, represents multiple generations of individuals with varying financial circumstances and needs. Data show older adults as a group hold a greater share of household net worth than younger cohorts. However, substantial-and, for some, potentially irrecoverable-wealth losses resulting from the financial crisis are particularly acute for households without the capacity to work or ...
Report
Federal Reserve Supervision and Regulation Report, May 2022
The Federal Reserve Board publishes its semiannual Supervision and Regulation Report to inform the public and provide transparency about its supervisory and regulatory policies and actions, as well as current banking conditions.
Report
Consumers and Mobile Financial Services 2013
Mobile devices have increasingly become tools that consumers use for banking, payments, budgeting, and shopping. In December 2011, the Federal Reserve Board conducted its first survey of consumers’ use of mobile financial services, and released a summary report in March 2012 (referred to as the 2011 survey). Given the rapid pace of developments in the area of mobile finance, the Board conducted a second survey in late November 2012 to examine trends in adoption and use of mobile banking and payments (referred to as the 2012 survey). This report presents findings from the 2012 online survey, ...
Report
Federal Reserve Supervision and Regulation Report, November 2021
The Federal Reserve Board publishes its semiannual Supervision and Regulation Report to inform the public and provide transparency about its supervisory and regulatory policies and actions, as well as current banking conditions. The report is typically released in conjunction with Congressional testimony by the Vice Chair for Supervision.This report focuses on the Federal Reserve's regulatory and supervisory response to the "COVID event"—the economic and financial stresses resulting from the containment measures adopted in response to public health concerns.