News from the Federal Reserve Bank of Boston. http://www.bostonfed.org/news/index.htm en Mon, 6 May 2013 10:34:23 -0400 bos.webmaster@bos.frb.org Mon, 6 May 2013 10:32:25 -0400 bos.webmaster@bos.frb.org FeedForAll v2.0 (2.0.4.0) http://www.feedforall.com Federal Reserve Bank of Boston News and events from the Federal Reserve Bank of Boston. en Boston Fed News http://www.bostonfed.org/images/frblogo2a.gif http://www.bostonfed.org/news/index.htm A report on the U.S. Mobile Payments Landscape -- Two Years Later, released by the Federal Reserve Bank of Boston in conjunction with the Federal Reserve Bank of Atlanta, examines changes in the evolution of mobile POS retail payments over the past two years, characterized by an expanding fragmented market environment and frequent technology innovations. http://www.bostonfed.org/news/press/2013/pr050613.htm?wt.source=rss payments http://www.bostonfed.org/news/press/2013/pr050613.htm?wt.source=rss Mon, 6 May 2013 10:32:25 -0400 Public, private, and non-profit leaders across Massachusetts are teaming up to help resolve economic issues in smaller cities - and they’re challenging leaders in those communities to do the same. http://www.bostonfed.org/news/press/2013/pr050313.htm?wt.source=rss http://www.bostonfed.org/news/press/2013/pr050313.htm?wt.source=rss Fri, 3 May 2013 09:11:45 -0400 The Federal Reserve Bank of Boston today announces the latest release of Peanuts & Crackerjacks, an online learning tool that fosters economic education in the form of a fun animated game. http://www.bostonfed.org/news/press/2013/pr032913.htm?wt.source=rss http://www.bostonfed.org/news/press/2013/pr032913.htm?wt.source=rss Fri, 29 Mar 2013 14:05:07 -0400 New research from the Federal Reserve Bank of Boston's New England Public Policy Center is prompting state and municipal officials to take a second look at a familiar proposal: regional consolidation. Motivated by the prospect of continuing strain on local government finances, this research examines the extent to which joint service provision could potentially reduce costs. http://www.bostonfed.org/news/press/2013/pr021413.htm?wt.source=rss http://www.bostonfed.org/news/press/2013/pr021413.htm?wt.source=rss Thu, 14 Feb 2013 09:33:38 -0500 The presidents of the twelve Federal Reserve Banks have submitted a joint letter responding to the Financial Stability Oversight Council's proposal on money market mutual fund (MMF) reform. http://www.bostonfed.org/news/press/2013/pr021213.htm?wt.source=rss http://www.bostonfed.org/news/press/2013/pr021213.htm?wt.source=rss Tue, 12 Feb 2013 14:07:17 -0500 The Federal Reserve Bank of Boston announced its 2013 Board of Directors. http://www.bostonfed.org/news/press/2013/pr020613.htm http://www.bostonfed.org/news/press/2013/pr020613.htm Wed, 6 Feb 2013 14:19:29 -0500 Mobile Phone Technology: ‘Smarter Than We Thought,’” a paper recently released by the Federal Reserve Bank of Boston, finds that the ultimate broad adoption of mobile payments will be largely correlated with the security of each mobile platform; consumer education and stakeholder collaboration will be equally crucial to promoting widespread adoption. Where consumers tend to apply the minimum protections, security providers need to anticipate problems and incorporate risk mitigation tools where feasible. http://www.bostonfed.org/news/press/2013/pr011013.htm http://www.bostonfed.org/news/press/2013/pr011013.htm Thu, 10 Jan 2013 11:28:44 -0500 On Tuesday, more than a dozen organizations meeting at the Federal Reserve Bank of Boston agreed to work together and expand their impact on internships and talent retention, going forward. The gathering was co-hosted by the Bank and the Greater Boston Chamber of Commerce, and included employers, business organizations, employment specialists, and others. http://www.bostonfed.org/news/press/2013/pr010813.htm http://www.bostonfed.org/news/press/2013/pr010913.htm Wed, 9 Jan 2013 12:31:09 -0500 The Federal Reserve Bank of Boston announced today the appointment of three new members to the First District Community Depository Institutions Advisory Council (CDIAC). http://www.bostonfed.org/news/press/2013/pr010813.htm http://www.bostonfed.org/news/press/2013/pr010813.htm Tue, 8 Jan 2013 16:02:52 -0500 Of over 135,000 eligible borrowers in New England, only 5% have applied for the Independent Foreclosure Review. If the review finds that financial injury occurred due to in the foreclosure process, the borrower may receive remediation of up to $125,000 plus equity. Borrowers have until December 31, 2012 to submit their review forms. http://www.bostonfed.org/news/press/2012/pr111912.htm http://www.bostonfed.org/news/press/2012/pr111912.htm Mon, 19 Nov 2012 16:51:04 -0500 The Federal Reserve Bank of Boston has opened nominations for membership on the First District’s Reserve Bank Community Depository Institutions Advisory Council (CDIAC). Made up of 12 members – including representation from at least two commercial banks, at least two thrift institutions, and at least two credit unions -- the First District's CDIAC is currently accepting nominations for three open positions. http://www.bostonfed.org/news/press/2012/pr110612.htm http://www.bostonfed.org/news/press/2012/pr110712.htm Wed, 7 Nov 2012 16:26:08 -0500 The Federal Reserve Bank of Boston today named Robert J. Whelan Senior Vice President of the Boston Fed and Function Manager of the Federal Reserve System’s Financial Support Office (FSO). http://www.bostonfed.org/news/press/2012/pr091912.htm http://www.bostonfed.org/news/press/2012/pr091912.htm Wed, 19 Sep 2012 14:31:36 -0400 An informative guide that will help students make more knowledgeable decisions about post-secondary education has been released by the Federal Reserve Bank of Boston, the Massachusetts Office of Consumer Affairs and Business Regulation, and Crittenton Women's Union. http://www.bostonfed.org/news/press/2012/pr082112.htm http://www.bostonfed.org/news/press/2012/pr082112.htm Tue, 21 Aug 2012 11:07:00 -0400 A report on The U.S. Regulatory Landscape for Mobile Payments, released by the Federal Reserve Bank of Boston in conjunction with the Federal Reserve Bank of Atlanta, examines potential gaps in U.S. laws and regulations governing the fast-evolving field of mobile payments. http://www.bostonfed.org/news/press/2012/pr081612.htm http://www.bostonfed.org/news/press/2012/pr081612.htm Thu, 16 Aug 2012 15:00:00 -0400 A report released today by the Federal Reserve Bank of Boston highlights the significant role of sponsor support in maintaining the perception of stability in money market mutual funds (MMMFs). The authors focus on support observed through the recent financial crisis and itemize it in detail-- and they assert that such support has obscured the degree of credit risk that is taken by these funds. http://www.bostonfed.org/news/press/2012/pr081312.htm http://www.bostonfed.org/news/press/2012/pr081312.htm Mon, 13 Aug 2012 15:02:54 -0400 Jim Nolan has been promoted to Executive Vice President, effective August 1. Nolan has been serving as Senior Vice President and Director of Supervision, Regulation, and Credit (SRC) since 2007.  http://www.bostonfed.org/news/press/2012/pr080312.htm http://www.bostonfed.org/news/press/2012/pr080312.htm Fri, 3 Aug 2012 15:03:52 -0400 Borrowers who believe they were financially harmed during the mortgage foreclosure process in 2009 or 2010 can now request an independent review and potentially receive compensation. http://www.bostonfed.org/news/press/2012/pr061212.htm http://www.bostonfed.org/news/press/2012/pr061212.htm Fri, 3 Aug 2012 15:03:48 -0400 More than 100 members of the Commonwealth's business, government, and academic communities gathered together today at an event designed to highlight the important role of student internships in developing essential skills, retaining talent in the region, and helping businesses grow and succeed. http://www.bostonfed.org/news/press/2012/pr031912.htm http://www.bostonfed.org/news/press/2012/pr031912.htm Tue, 20 Mar 2012 11:48:47 -0400 The Federal Reserve Bank of Boston announced today the appointment of two new members to the First District Community Depository Institutions Advisory Council (CDIAC). http://www.bostonfed.org/news/press/2012/pr031212.htm http://www.bostonfed.org/news/press/2012/pr031212.htm Mon, 12 Mar 2012 15:30:34 -0400 The Federal Reserve Bank of Boston announced the election of three new members to its Board of Directors and the reelection of a current member. http://www.bostonfed.org/news/press/2012/pr013012.htm http://www.bostonfed.org/news/press/2012/pr013012.htm Mon, 30 Jan 2012 16:06:05 -0500 In a new research report by the Federal Reserve Bank of Boston's New England Public Policy Center, "State Foreclosure Prevention Efforts in New England: Mediation and Assistance," Policy Analyst Robert Clifford reviews and analyzes the New England states' foreclosure prevention programs. The report identifies two major prevention strategies: foreclosure mediation programs and financial assistance programs. http://www.bostonfed.org/news/press/2011/pr092911.htm http://www.bostonfed.org/news/press/2011/pr092911.htm Thu, 29 Sep 2011 12:14:42 -0400 The Federal Reserve Bank of Boston's Community Development department today released the New England Community Outlook Survey for the second quarter of 2011, the first report in a quarterly series which seeks to gauge the financial and economic conditions of the region's lower-income communities and the organizations that serve them. http://www.bostonfed.org/news/press/2011/pr091311.htm http://www.bostonfed.org/news/press/2011/pr091311.htm Tue, 13 Sep 2011 16:36:01 -0400 The feature essay of the 2010 annual report discusses some of the changes that have occurred in New England over the past four decades, comparing the challenges we faced in the mid-1970s with those we face today. http://www.bostonfed.org/about/ar/ar2010/index.htm http://www.bostonfed.org/about/ar/ar2010/index.htm Tue, 14 Jun 2011 10:25:44 -0400 Almost everybody has a mobile phone these days, and the popularity of the smart(mobile) phone continues to grow. But the latest Survey of Consumer Payment Choice (SCPC) by the Consumer Payments Research Center (CPRC) at the Federal Reserve Bank of Boston indicates that only a small minority of Americans currently use their mobile phones as a means of making payments. http://www.bostonfed.org/news/press/2011/pr-cprc060111.htm http://www.bostonfed.org/news/press/2011/pr-cprc060111.htm Thu, 2 Jun 2011 11:08:23 -0400 The Federal Reserve Bank of Boston today announced the appointment of two new senior vice presidents: Jacqueline Palladino, Senior Vice President/Corporate Services, and Richard C. Walker III, Senior Vice President/Regional Outreach. The newly promoted officers take on broader responsibilities and join ten other officers as members of the Bank's senior management team. http://www.bostonfed.org/news/press/2011/pr050411.htm http://www.bostonfed.org/news/press/2011/pr050411.htm Thu, 5 May 2011 15:42:47 -0400 American consumers cut back on their use of credit cards and relied more on cash for routine purchases and bill payments during the depths of the recession, according to the latest comprehensive study of payment preferences by the Federal Reserve Bank of Boston's Consumer Payments Research Center (CPRC). http://www.bostonfed.org/news/press/2011/pr-cprc040711.htm http://www.bostonfed.org/news/press/2011/pr-cprc040711.htm Thu, 7 Apr 2011 15:10:08 -0400 New Hampshire is well-known for its lack of broad-based taxes and its relatively low levels of public spending. Policymakers in neighboring New England states often point to New Hampshire as a model without a clear understanding of exactly how New Hampshire "does it" —that is, how the state is able to maintain its unique fiscal approach. A new study by the Boston Fed's New England Public Policy Center seeks to clarify debate by analyzing the Granite State's spending and revenues relative to those of other New England states. http://www.bostonfed.org/news/press/2011/pr040711.htm http://www.bostonfed.org/news/press/2011/pr040711.htm Thu, 7 Apr 2011 15:10:19 -0400 The Federal Reserve Bank of Boston announces the appointment of 12 members of the newly established First District Community Depository Institutions Advisory Council (CDIAC). http://www.bostonfed.org/news/press/2011/pr022811.htm http://www.bostonfed.org/news/press/2011/pr022811.htm Mon, 28 Feb 2011 14:56:16 -0500 The Federal Reserve Bank of Boston today announced the election of a new member to its Board of Directors, the reelection of a current member, and the appointment of the First District representative to the Federal Advisory Council. http://www.bostonfed.org/news/press/2011/pr012611.htm http://www.bostonfed.org/news/press/2011/pr012611.htm Wed, 26 Jan 2011 12:00:52 -0500 The Federal Reserve Bank of Boston has opened nominations for membership on the First District's newly formed Reserve Bank Community Depository Institutions Advisory Council (CDIAC). http://www.bostonfed.org/news/press/2010/pr120910.htm http://www.bostonfed.org/news/press/2010/pr120910.htm Thu, 9 Dec 2010 15:11:13 -0500 Kenneth C. Montgomery has been appointed the Chief Operating Officer of the Federal Reserve Bank of Boston, and its First Vice President, effective January 1, 2011. http://www.bostonfed.org/news/press/2010/pr110910.htm http://www.bostonfed.org/news/press/2010/pr110910.htm Tue, 9 Nov 2010 11:16:03 -0500 The Federal Reserve Bank of Boston today announced the appointment of the Chairman and Deputy Chairman of its Board of Directors for 2011. The designations were made by the Federal Reserve Board, Washington DC. http://www.bostonfed.org/news/press/2010/pr071910.htm http://www.bostonfed.org/news/press/2010/pr071910.htm Mon, 19 Jul 2010 12:00:32 -0400 http://www.bostonfed.org/news/press/2010/pr061110.htm http://www.bostonfed.org/news/press/2010/pr061110.htm Fri, 11 Jun 2010 17:14:52 -0400 In 2008, the Federal Reserve Bank of Boston began a project to help reinvigorate the city of Springfield, Massachusetts, New England's fourth-largest city. While the Boston Fed project focuses on the city of Springfield, we hope to devise approaches that can be replicated in other struggling mid-sized cites around New England and the nation. This feature essay reports on lessons learned from our research on older industrial cities that have adapted relatively well to economic challenges, and are recognized as vital communities today. We believe these “resurgent cities” provide relevant, inspiring insights on development strategies for urban America. http://www.bostonfed.org/about/ar/ar2009/index.htm 3C5410CD-D401-44CC-A281-776E334869B3 Tue, 8 Jun 2010 13:56:15 -0400 The Federal Reserve Bank of Boston building received LEED-EB Gold designation from the United States Green Building Council. http://www.bostonfed.org/news/press/2010/pr052710.htm http://www.bostonfed.org/news/press/2010/pr052710.htm Thu, 27 May 2010 14:05:38 -0400 Helpful guidance and resources on a broad range of consumer financial topics http://www.bostonfed.org/consumer/survival-guide/index.htm http://www.bostonfed.org/consumer/survival-guide/index.htm Tue, 13 Apr 2010 16:14:46 -0400 An A-to-Z index of terms and phrases associated with the financial crisis http://www.bostonfed.org/education/pubs/glossary-financial-crisis-terms.pdf http://www.bostonfed.org/education/pubs/glossary-financial-crisis-terms.pdf Mon, 12 Apr 2010 14:20:50 -0400