Steven Sloan

Despite blistering criticism of the Federal Reserve Board's interventions in financial markets, Chairman Ben Bernanke said Friday that central banks should be prepared to take similar actions if another serious crisis erupts.

Despite blistering criticism of the Federal Reserve Board's interventions in financial markets, Chairman Ben Bernanke said Friday that central banks should be prepared to take similar actions if another serious crisis erupts.

Lending through the Federal Reserve Board's discount window fell 2.6% during the past week, to $106.3 billion.

James Lockhart, the outgoing director of the Federal Housing Finance Agency, will join WL Ross next month as its vice chairman, the private-equity giant said Wednesday.

The Federal Reserve Bank of New York on Monday halved the number of investment managers overseeing its purchases of securities from the government-sponsored enterprises.

Despite an uneven reception by Wall Street, the Federal Reserve Board and Treasury Department said Monday that the Term Asset-Backed Securities Loan Facility, or Talf, would be extended into 2010.

Despite some encouraging economic signs, a clear majority of bankers surveyed by the Federal Reserve Board do not expect underwriting standards for residential real estate, commercial mortgages or credit cards to normalize before 2011.

Six degrees of separation from Eugene Ludwig; online poll suggests Ben Bernanke will get a second term as Fed chairman; top FDIC lobbyist takes a job with the SEC.

The Federal Housing Finance Agency said Fannie Mae and Freddie Mac have refinanced almost 1.9 million loans through the Making Home Affordable Refinance Program.

Lending through the Federal Reserve Board's discount window grew 3.3% during the past week, to $109.2 billion.

The Federal Home Loan banks are opposing a report released Thursday that said transparent and consistent accounting cannot be achieved as long as the system is scattered throughout 12 districts nationwide.

After several consecutive quarters of disappointing results, net income at the 12 Federal Home Loan Banks surged 56.4%, to $1.1 billion, according to figures released by the Office of Finance Wednesday evening.

Noting improvements in many sectors of the economy, the Federal Reserve Board's policymaking committee said Wednesday that it would complete its planned $300 billion of Treasury securities purchases by October.

While Lawrence Summers, the director of the National Economic Council, is the most visible potential successor to Federal Reserve Board Chairman Ben Bernanke, observers are increasingly looking west and finding a dark-horse candidate in Janet Yellen.

A big unanswered question of the Obama administration's proposed regulatory revamp — how to define systemically important institutions — is tackled in a study the Federal Reserve Bank of Cleveland released Tuesday.

The Federal Home Loan Bank of New York said Monday that it will pay its members a 5.6% dividend totaling roughly $76 million.

Loans with fees that exceed $583 will have to include additional disclosures under the Home Ownership and Equity Protection Act starting Jan. 1, 2010, the Federal Reserve Board said Monday.

An ethics panel cleared Sen. Chris Dodd Friday of wrongdoing for his inclusion in a Countrywide Financial program that offered special mortgage term for VIPs.

CBA cuts seven jobs; interim OTS chief defends agency by spreading the blame; Seattle CU gives customers a chance to tell why they left a commercial bank; and more.

Though the Federal Reserve Board is clearly opposed to handing off its consumer protection powers to a new agency, its proposed alternative has left many confused and others saying it would accomplish little.