Monetary policy

Amey Sgrignoli will join the Community Depository Institutions Advisory Council for a three-year term.

The Federal Reserve sent nearly $91.5 billion to the U.S. Treasury, according to the central bank’s annual independent audit released Friday.

Lee Butke of Corporate One FCU and Robert Burrow of Bayer Heritage FCU are among the appointees to the Federal Reserve Bank of Cleveland's Community Depository Institutions Advisory Council.

Banks of all stripes are cheering what the Federal Reserve’s accelerated rate increases promise for net interest income, but big banks and small banks have conflicting notions about how they want to price deposits in the coming months.

The Federal Reserve’s Federal Open Market Committee on Wednesday raised the federal funds rate 0.25%, marking only the third rate hike since the financial crisis.

If the Federal Reserve and other central banks began issuing their own digital currencies, they could benefit consumers, boost the economy and fight financial crime. But not without risks to cybersecurity, individual privacy — and possibly bank profits.

Raphael Bostic, an economist and a professor of public policy at the University of Southern California, has been named the 15^th president of the Federal Reserve Bank of Atlanta, and will become the first African-American to head a regional Fed bank.

Contrary to the opinion that the Federal Reserve is out of “options” to boost the economy, the central bank still has these three liquidity-strengthening tools at its disposal.

Ellen Ford and Robert Miller have been names as members of the Federal Reserve Bank of Boston's First District Comunity Depository Institutions Advisory Council.