Recent assessments of the Fifth District economy were generally downbeat, with lower payroll employment, continued softness in District housing markets, and weaker reports, on balance, from District businesses.

Long-duration Bonds and Sovereign Defaults

Did you know that small-sized (the size we are familiar with today) Federal Reserve notes were first issued with their distinctive green seal in 1929?

Expedited Funds Availability
May 13, 2008
Federal Reserve check processing operations in Memphis will move to Atlanta on July 19. This will cause some formerly nonlocal checks to become local under Regulation CC's expedited availability rules. The Reserve Banks have also accelerated their plans for reducing the number of locations that process checks.