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Publisher: Federal Reserve Board Consumer Handbook on Adjustable Rate Mortgages (ARM) 
 This fact sheet explains adjustable rate mortgages (ARMs), loans for which "the interest rate changes periodically, usually in relation to an index, and payments may go up or down accordingly." Includes questions to consider, consumer cautions, ideas for reducing risk associated with ARMs, a glossary, and a mortgage checklist for comparing different types of mortgages. Opens directly into a PDF file. From the Federal Reserve Board. http://files.ots.treas.gov//48981.pdf Topics: Finance, Housing Last updated Nov 25, 2008 The Federal Reserve Board: Testimony of Federal Reserve Board Officials
Transcripts of testimony by Federal Reserve Board officials (Chairman Alan Greenspan and others) to the U.S. Congress, committees, and related groups. Topics include the economic outlook (such as changes in oil prices, interest rates, and housing prices), budget reforms, Social Security, and taxes. Includes transcripts back to 1996. Browsable by date. http://www.federalreserve.gov/boarddocs/testimony/2005/ Topics: Federal (U.S.) Government, Finance, Money Last updated Jun 13, 2005 Federal Reserve Board: Consumer Information
Compilation of documents from the U.S. Federal Reserve Board and links to related information on topics of interest to consumers. Topics include bank accounts and services, consumer credit, identity theft, leasing, mortgages (including adjustable rate mortgages), and personal finance. Most information also available in Spanish. http://www.federalreserve.gov/consumerinfo/default.htm Topics: Consumer Research & Advocacy, Finance, Money Last updated Dec 15, 2008 What You Should Know About Home Equity Lines of Credit
Questions and answers about the "form of revolving credit in which your home serves as collateral." Discusses what to look for when shopping for a home equity plan, the costs involved, repaying the loan, and lines of credit versus traditional second mortgage loans. Includes a checklist for comparing loans. In English and Spanish. From the Federal Reserve Bank. http://www.federalreserve.gov/pubs/equity/equity_english.htm Topics: Consumer Research & Advocacy, Money Last updated Jun 29, 2004 Frequently Asked Questions: The Federal Open Market Committee (FOMC)
Questions and answers about the "monetary policymaking body of the Federal Reserve System," which consists of the members of the Federal Reserve System Board of Governors and the Federal Reserve Bank presidents. Includes links to meeting statements and minutes, a meeting calendar, a list of committee members, and information about the structure and monetary policy of the committee. http://www.federalreserve.gov/generalinfo/faq/faqfomc.htm Topics: Federal (U.S.) Government, Finance, Money Last updated Jun 29, 2004 Federal Reserve Board: About the Fed
Background information about the Federal Reserve System, which "serves as the nation's central bank. ... The System consists of a seven member Board of Governors with headquarters in Washington, D.C., and twelve Reserve Banks located in major cities throughout the United States." Covers the Federal Reserve Act of 1913 (which established the system), the structure of the system, purposes and function, board of governors, banks and bank presidents, and more. From the Federal Reserve Board. http://www.federalreserve.gov/aboutthefed/default.htm Topics: Federal (U.S.) Government, Finance, Money Last updated Dec 15, 2008 Protecting Yourself From Overdraft and Bounced-Check Fees
This fact sheet discusses ways to avoid fees resulting from overdrawing your bank account. Topics include situations where an account may be overdrawn (checks, withdrawals, debit card purchase, and automatic bill payment), managing your bank account, courtesy overdraft protection (or bounce coverage) plans, and other ways to cover overdrafts. In English and Spanish. From the Federal Reserve Board. http://www.federalreserve.gov/pubs/bounce/ Topics: Consumer Research & Advocacy, Finance Last updated Jun 6, 2006 The Subprime Mortgage Market
May 2007 remarks by Federal Reserve Bank Chairman Ben S. Bernanke on " Why have delinquencies and initiations of foreclosure proceedings risen so sharply? How have subprime mortgage markets adjusted? How have Federal Reserve and other policymakers responded, and what additional actions might be considered? [And] how might the problems in the market for subprime mortgages affect housing markets and the economy more broadly?" From the Federal Reserve Board. http://www.federalreserve.gov/Boarddocs/speeches/2007/20070517/default.htm Topics: Housing, Investing Last updated Aug 13, 2007 Foreclosure Resources for Consumers
"If you are having difficulty making your mortgage payment, one of the most important things you can do is seek assistance. ... [These] resources provide information and links to agencies and organizations that may be able to help you." Includes links to government resources from the Department of Housing and Urban Development (HUD), Federal Housing Administration (FHA), Federal Trade Commission (FTC), Internal Revenue Service (IRS), and others. From the Federal Reserve Board (FRB). http://www.federalreserve.gov/pubs/foreclosure/ Topics: Housing, Investing Last updated Jan 2, 2008 The Federal Reserve Board: Frequently Asked Questions: Monetary Policy
Brief questions and answers about "monetary policy [which] refers to the actions undertaken by a central bank, such as the Federal Reserve, to influence the availability and cost of money and credit as a means of helping to promote national economic goals." Includes answers to question about the federal funds rate, the discount rate, and how the Federal Reserve maintains the stability of the U.S. financial system. From the Federal Reserve Board (FRB). http://www.federalreserve.gov/generalinfo/faq/faqmpo.htm Topics: Money Last updated Mar 17, 2008 Alternatives for Distressed Banks and the Panics of the Great Depression
This December 2007 research paper "investigates whether the [banking] panics [during the Great Depression] resulted in the failure and liquidation of banks that might otherwise have been able to pursue a less disruptive resolution strategies such as merging with another institution or suspending operations and recapitalizing." Discusses financial situations of banks that failed and banks that survived, and different types of resolution strategies. From the Federal Reserve Board. http://www.federalreserve.gov/pubs/feds/2008/200807/200807abs.html Topics: Finance, United States History Last updated Oct 28, 2008 Survey of Credit Card Plans
"Every six months the Federal Reserve System surveys the terms of credit card plans offered by financial institutions and publishes a report of the findings." This report includes annual percentage rate, type of pricing (fixed or variable), index, grace period, annual fee, and other features of each credit card. Sort alphabetically or by annual percentage rate or annual fee. Provides data back to 1990, and related links. From the Federal Reserve Board. http://www.federalreserve.gov/Pubs/shop/survey.htm Topics: Consumer Research & Advocacy, Money Last updated Jun 1, 2009 |
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