Federal Reserve

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Fed lending for emergency bank loans rises a bit

AP - 42 minutes ago

Banks borrowed slightly more from the Federal Reserve's emergency lending program over the past week.

News Stories

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US delays crackdown on Internet gambling
AFP via Yahoo! News - 53 minutes ago
The US Treasury Department and Federal Reserve Board delayed for six months on Friday the enforcement of new rules designed to crack down on Internet gambling.
Fed lending for emergency bank loans rises a bit
AP via Yahoo! News - 1 hour 33 minutes ago
Banks borrowed slightly more from the Federal Reserve's emergency lending program over the past week.
Treasury, Fed delay Internet gambling ban 6 months
Reuters via Yahoo! News - Fri Nov 27, 3:35 pm ET
The U.S. Treasury and Federal Reserve on Friday delayed the implementation date for a new Internet gambling payment ban for six months, a move that gives lawmakers time to overturn it or end confusion over illegal practices.
U.S. delays new ban on Internet gambling
USA Today - Fri Nov 27, 2:02 pm ET
WASHINGTON (AP) _The Treasury Department and the Federal Reserve are giving U.S. financial institutions an additional six months to comply with regulations designed to ban Internet gambling.
US-BUSINESS Summary
Washington Post - 41 minutes ago
Stocks slide on Dubai worries NEW YORK (Reuters) - U.S. stocks fell more than 1 percent in a truncated session on Friday as a possible debt default by a Dubai state-owned conglomerate led to fresh concerns about the global financial system. The sell-off was broad, with selling concentrated mainly in...
Mark Pittman, Reporter Who Foresaw Subprime Crisis, Dies at 52
Bloomberg - 44 minutes ago
Nov. 27 (Bloomberg) -- Mark Pittman , the award-winning investigative reporter whose fight to open the Federal Reserve to more scrutiny led Bloomberg News to sue the central bank and win, died Wednesday in Yonkers, New York. He was 52.
Business events scheduled for the coming month
AP via Yahoo! News - Fri Nov 27, 1:17 pm ET
TUESDAY, Dec. 1
Business events scheduled for the coming week
Washington Post - Fri Nov 27, 1:14 pm ET
-- SUNDAY, Nov. 29 Several airlines will begin adding 10-dollar surcharges on most of their tickets.
AIG Fed Debt Rises to $45.1 Billion in Second Straight Gain
Bloomberg - 1 hour 52 minutes ago
Nov. 27 (Bloomberg) -- American International Group Inc. ’s draw on a Federal Reserve credit line climbed for a second straight week, reaching the highest in six months.
Japan's intervention threat halts dollar slide ... for now
USA Today - 2 hours 26 minutes ago
Market fears of a possible intervention by the Bank of Japan to support the dollar helped the U.S. currency recover its poise Friday after it hit a 14-year low against the yen.
RI House holds forum on dire state economy
AP via Yahoo! News - Fri Nov 27, 3:45 pm ET
Nearly three years after jobs started vanishing in Rhode Island at an alarming pace, House lawmakers will gather Tuesday for their first forum on one of the worst recessions since the Great Depression.
Fed, Treasury Extend Compliance Date on Gambling Act (Update3)
Bloomberg - Fri Nov 27, 3:13 pm ET
Nov. 27 (Bloomberg) -- The U.S. Treasury and the Federal Reserve gave U.S. financial companies six more months to comply with rules intended to limit the use of payment systems for Internet gambling.
Fed, Treasury Extend Compliance Date on Gambling Act (Update1)
Bloomberg - Fri Nov 27, 2:28 pm ET
Nov. 27 (Bloomberg) -- The U.S. Treasury and the Federal Reserve extended by six months the compliance date on rules intended to limit the use of U.S. payment systems in some forms of Internet gambling, the agencies said in a release.
U.S. Bank Examiners Faulted for Oversight at Failed Lenders
Bloomberg - Fri Nov 27, 7:29 am ET
Nov. 27 (Bloomberg) -- Treasury Department and Federal Reserve examiners should have done more to halt risky lending at U.S. banks that failed amid real-estate losses, reports by agency watchdogs show.
30-year-loan rates match record low
Washington Post - Fri Nov 27, 12:49 pm ET
Average rates for 30-year, fixed-rate mortgages fell this week, matching a record low set last spring. Rates are more than a full percentage point below what they were a year ago, Freddie Mac said Wednesday.