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2009

 
 
Date Title Category
December 16, 2009 FOMC Statement

The Federal Open Market Committee voted today to maintain the target range for the federal funds rate at zero to 1/4 percent, stating that economic activity has continued to pick up, deterioration in the labor market is abating and inflation is expected to remain subdued for some time.

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December 2, 2009 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.

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November 23, 2009 Fifth Federal Reserve District Directors Elected

The Fifth Federal Reserve District member banks elected Wilbur E. Johnson as director of the Federal Reserve Bank of Richmond for three-year terms effective Jan. 1, 2010.

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November 23, 2009 Fifth Federal Reserve District Branch Directors Appointed

The Federal Reserve Board of Governors and the Federal Reserve Bank of Richmond Board of Directors appointed directors for the Baltimore and Charlotte branches, effective Jan.1, 2010.

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November 23, 2009 Fifth Federal Reserve Bank Directors Elect Chairpersons

The Boards of Directors for the Federal Reserve Bank of Richmond's Baltimore and Charlotte Offices re-elected chairpersons for one-year terms effective Jan. 1, 2010.

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November 23, 2009 Richmond Fed Directors Appoint Federal Advisory Council Member

Richard D. Fairbank was appointed to a one-year term as the Fifth Federal Reserve District's representative on the Federal Advisory Council, starting on January 1, 2010.

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November 20, 2009 Richmond Fed Names New Officers

The Federal Reserve Bank of Richmond announces the following officer appointments effective Jan. 1, 2010.

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November 4, 2009 FOMC Statement

The FOMC stated that economic activity has continued to pick up. The committee voted to maintain the federal funds rate target range, adding that economic conditions, including subdued inflation trends and stable inflation expectations, are likely to warrant exceptionally low levels of the rate for an extended period.

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October 21, 2009 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.

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October 21, 2009 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.

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October 1, 2009 Richmond Fed Names New Officers

The Federal Reserve Bank of Richmond announces the following officer appointments effective Sept. 28, 2009 and Oct. 1, 2009.

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September 23, 2009 FOMC Statement

The Federal Open Market Committee said today that information suggests economic activity has picked up, with financial market conditions improving and housing sector activity increasing. The FOMC voted to maintain the target federal funds rate range at zero to 1/4 percent. President Lacker voted for today's actions.

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September 14, 2009 Fed Governors Appoint Richmond Chair, Deputy Chair

The Board of Governors of the Federal Reserve System has reappointed the chair and deputy chair of the Board of Directors for the Federal Reserve Bank of Richmond, effective Jan. 1, 2010.

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August 12, 2009 FOMC Statement

The Federal Open Market Committee voted unanimously today to maintain the target for the federal funds rate at 0 to 1/4 percent. The FOMC says information since its June meeting suggests economic activity is leveling out. President Jeff Lacker votes this year on FOMC actions.

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July 31, 2009 Richmond Fed Names New Officers

The Federal Reserve Bank of Richmond announces the following officer promotions effective Aug. 1, 2009

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July 29, 2009 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.

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July 28, 2009 Chairman Bernanke's Town Hall Airs

Federal Reserve Chairman Ben Bernanke appears again tonight with Jim Lehrer, PBS news anchor and executive director of The NewsHour with Jim Lehrer. This is the second segment of the three-night special that started July 27. The Chairman fields citizens' questions on the nation's economy.

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July 23, 2009 Richmond Fed Hires VP for Corporate Support Services

The Federal Reserve Bank of Richmond has hired Bruce Grinnell as vice president of corporate support services.

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July 22, 2009 Richmond Fed Hires Chief Legal Officer

The Federal Reserve Bank of Richmond has hired Michelle Gluck as senior vice president and general counsel. Gluck will join the organization's senior leadership team as of July 31, and will lead the legal team in providing counsel for the Bank's critical business activities. Gluck succeeds James McAfee, who retired in May.

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June 24, 2009

Information received since the Federal Open Market Committee met in April suggests that the pace of economic contraction is slowing. Conditions in financial markets have generally improved in recent months. Household spending has shown further signs of stabilizing but remains constrained by ongoing job losses, lower housing wealth, and tight credit. Businesses are cutting back on fixed investment and staffing but appear to be making progress in bringing inventory stocks into better alignment with sales. Although economic activity is likely to remain weak for a time, the Committee continues to anticipate that policy actions to stabilize financial markets and institutions, fiscal and monetary stimulus, and market forces will contribute to a gradual resumption of sustainable economic growth in a context of price stability.

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June 10, 2009 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.

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January 13, 2009 Fifth Federal Reserve Appoints Charlotte Board Director

The Fifth Federal Reserve Bank of Richmond's Board of Directors appointed John S. Kreighbaum as director to fill the Charlotte board's term ending Dec. 31, 2009

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April 29, 2009 FOMC Statement

Information received since the Federal Open Market Committee met in March indicates that the economy has continued to contract, though the pace of contraction appears to be somewhat slower.

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April 28, 2009 Richmond Fed Promotes Officer to Top Law Enforcement Position

The Federal Reserve Bank of Richmond has promoted Dennis McDonald as vice president of the regional law enforcement division, which is based in Richmond.

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April 23, 2009 Federal Reserve System Financial Statements

The Federal Reserve System on Thursday published the annual financial statements for the combined Federal Reserve Banks, the 12 individual Federal Reserve Banks, the limited liability companies (LLCs) that were created in 2008 to respond to strains in financial markets, and the Board of Governors for the years ended December 31, 2008 and 2007.

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March 4, 2009 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.

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March 23, 2009 The Role of the Federal Reserve in Preserving Financial and Monetary Stability

This joint statement reflects the common views of the Treasury and the Federal Reserve on the appropriate roles of the Federal Reserve and the Treasury during the current financial crisis and in the future and on the steps necessary to ensure that both financial and monetary stability will be achieved.

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March 18, 2009 FOMC Statement

The Committee will maintain the target range for the federal funds rate at 0 to 1/4 percent and anticipates that economic conditions are likely to warrant exceptionally low levels of the federal funds rate for an extended period.

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March 4, 2009 Beige Book - March 4, 2009

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

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March 2, 2009 Treasury and Federal Reserve announce participation in AIG restructuring plan

The U.S. Treasury Department and the Federal Reserve Board today announced a restructuring of the government's assistance to AIG in order to stabilize this systemically important company in a manner that best protects the U.S. taxpayer. Specifically, the government's restructuring is designed to enhance the company's capital and liquidity in order to facilitate the orderly completion of the company's global divestiture program.

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February 27, 2009 Richmond Fed Hires Assistant Vice President of Community Affairs

The Federal Reserve Bank of Richmond has hired Kim Zeuli as assistant vice president of Community Affairs for the Fifth District, effective March 2, 2009. Zeuli will lead a professional staff engaged in economic research and analysis, as well as program and policy development for community development initiatives. She also will counsel Bank leadership on emerging issues in this field.

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February 23, 2009 Board launches new website section on credit and liquidity programs and the balance sheet

The Federal Reserve Board on Monday launched a new section of its website expanding the information provided about the policy tools the Federal Reserve has employed to address the financial crisis and simplifying access to that information.

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February 23, 2009 Joint Statement by the Treasury, FDIC, OCC, OTS, and the Federal Reserve on the Capital Assistance Program

A strong, resilient financial system is necessary to facilitate a broad and sustainable economic recovery. The U.S. government stands firmly behind the banking system during this period of financial strain to ensure it will be able to perform its key function of providing credit to households and businesses. The government will ensure that banks have the capital and liquidity they need to provide the credit necessary to restore economic growth. Moreover, we reiterate our determination to preserve the viability of systemically important financial institutions so that they are able to meet their commitments. 

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February 10, 2009 Richmond Fed Hires Vice President of Research

The Federal Reserve Bank of Richmond has hired Ann Battle Macheras as vice president of the regional division of the Research Department, which is based in Richmond.

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February 10, 2009 Federal Reserve is prepared to expand the Term Asset-Backed Securities Loan Facility (TALF)

The Federal Reserve Board on Tuesday announced that it is prepared to undertake a substantial expansion of the Term Asset-Backed Securities Loan Facility (TALF).

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February 5, 2009 Fed Economist to Lead Fifth District's Charlotte Branch

The Federal Reserve Bank of Richmond has promoted Regional Economist Matthew Martin to the role of Senior Vice President and Charlotte Regional Executive.

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January 30, 2009 Board announces policy to help avoid preventable foreclosures on certain residential mortgage assets held, owned, or controlled by a Federal Reserve Bank

The Federal Reserve Board on Friday published a policy that was adopted to help avoid preventable foreclosures on certain residential mortgage assets held, owned, or controlled by a Federal Reserve Bank.

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January 30, 2009 Richmond Fed HR Officer Promoted to Senior Vice President

The Federal Reserve Bank of Richmond has promoted Tammy H. Cummings to the role of Senior Vice President and Chief Human Resources Officer. She is responsible for Bank's regional human resources operations, policies and initiatives as of Feb.1, 2009.

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January 28, 2009 FOMC Statement

The Federal Open Market Committee decided today to keep its target range for the federal funds rate at 0 to 1/4 percent. The Committee continues to anticipate that economic conditions are likely to warrant exceptionally low levels of the federal funds rate for some time.

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January 27, 2009 New York Fed Names William C. Dudley President

William C. Dudley was named today to serve as President and Chief Executive Officer of the Federal Reserve Bank of New York.

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January 14, 2009 Beige Book Report

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

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January 13, 2009 Fifth Federal Reserve Announces District Directors

The Fifth Federal Reserve District member banks have elected directors of the Federal Reserve Bank of Richmond for three-year terms beginning January 2009

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Richmond

Laura Fortunato
(804) 697-8196
(804) 698-0927 (mobile)