Press Releases

2014

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Date Title
April 21, 2014 Richmond Fed Magazine Econ Focus Reports on Captives in the Insurance Industry

Insurance in the United States is big business: Insurance premiums (not counting health insurance) totaled $1.1 trillion in 2012. To protect themselves against large claims, many insurance companies have long bought insurance from other insurers to share their risks. In a new wrinkle, some life insurers have started setting up "captive" insurance companies to, in effect, buy insurance from themselves — a practice that critics say makes these companies look healthier than they really are. The cover story in the latest issue of Econ Focus looks at these and other questions about the business of insurance.

April 16, 2014 Beige Book

The "Beige Book" report is published eight times per year and consists of anecdotal information on current economic conditions from each Federal Reserve.

April 14, 2014 Fifth Federal Reserve District Office Director Appointed

The Board of Governors of the Federal Reserve System has appointed Laura Y. Clark to serve on the Charlotte office board for the remaining portion of a three-year term that ends Dec. 31, 2015.

April 9, 2014 Minutes of the Federal Open Market Committee, March 18-19, 2014

The Federal Reserve Board and the Federal Open Market Committee on Wednesday released the attached minutes of the Committee meeting held on March 18-19, 2014 and of the conference call held on March 4, 2014.

March 19, 2014 FOMC Action

The Federal Open Market Committee voted Wednesday to further reduce its monthly purchases of Treasury and agency mortgage-backed securities and to keep the federal funds rate low.

March 17, 2014 Richmond Fed Promotes Becky Bareford to Senior Vice President

The Federal Reserve Bank of Richmond has promoted Becky Bareford to senior vice president with responsibility for the organization’s human resources function.

March 14, 2014 Richmond Fed Announces Officer Promotions

The Federal Reserve Bank of Richmond has appointed Jeremy Caldwell and Christy Cleare as vice presidents.

March 14, 2014 Federal Reserve System Publishes Annual Financial Statements

The Federal Reserve System on Friday released the 2013 combined annual financial statements for the Federal Reserve Banks, as well as statements for the 12 individual Federal Reserve Banks, the consolidated variable interest entities (VIEs) that were created to respond to strains in financial markets, and the Board of Governors. These financial statements are audited annually by an independent auditing firm.

March 5, 2014 Beige Book

The "Beige Book" report is published eight times per year and consists of anecdotal information on current economic conditions from each Federal Reserve.

February 25, 2014 Transcripts of the Federal Open Market Committee 2008 Meetings

The Federal Reserve Board and the Federal Open Market Committee released the transcripts of the Committee meetings held January through December 2008.

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