We’re sharing this Federal Reserve report, Changes in U.S. Family Finances from 2007 to 2010: Evidence from the Survey of Consumer Finances, since it has received a lot of media & election year attention.
The September 2010 issue of the Beige Book has been released by the Federal Reserve Board. What is the Beige Book?
Commonly known as the Beige Book, this report is published eight times per year. Each Federal Reserve Bank gathers anecdotal information on current economic conditions in its District through reports from Bank and Branch directors and interviews with key business contacts, economists, market experts, and other sources. The Beige Book summarizes this information by District and sector. An overall summary of the twelve district reports is prepared by a designated Federal Reserve Bank on a rotating basis. (source:Summary of Commentary on Current Economic Conditions http://www.federalreserve.gov/fomc/beigebook/2010/)
First, from the FDIC, an opportunity for you to comment on automated overdraft payment programs. The deadline for comments is September 27, 2010. Note – you bank must give you a chance to opt-in to programs that charge fees on ATM & point-of-sale overdrafts.
Second, the Federal Reserve is also seeking public comment on the effective dates for gift cards rules.
Do you have your safe place ready for tornado season? For us in the south, the season is upon us. I keep our bicycle helmets in our safe room at home. I also move heavy items from their normal spots on the higher shelves. It’s easier at work, I just head down to the lower level of library. Be prepared!
I used a Christmas gift card last week. I held my breath while the cashier swiped the card because it might have expired while I was saving it for a special reason. Now, I won’t have to worry about new gift cards because the Federal Reserve announced rules to restrict fees and expiration dates.
How will the new health reform legislation effect you? The White House has a section, What will the President’s proposal mean for you? on their health reform website and a March 23 blog post, What’s in the Health Care Bill? Of course, these aren’t the only ways for you to learn more. The Samford community may wish to search for newspaper articles on this topic using our newspaper databases.