Fed District News Today

In July, the U.S. Senate introduced a plan to offset new highway spending by reducing the dividend that the Federal Reserve pays to member banks. While it is still unclear exactly where this idea originated, an anonymous Democratic staffer recently referred to the dividend as “an unnecessary and wasteful subsidy.”[1] It now appears that the dividend reduction will go forward even if it offsets outlays other than highway spending.

There is no evidence that pre-Glass–Steagall banks’ securities activities led to more bank failures than among their specialized peers.

House Financial Services Committee Chairman Jeb Hensarling (R–TX) has released a discussion draft of a major regulatory reform bill called the Financial CHOICE Act.[1] This legislation would replace large parts of the 2010 Dodd–Frank Wall Street Reform and Consumer Protection Act. Key sections of the bill would reduce the risk of future financial crises and bailouts, and would allow investors and consumers to prosper by freeing them from centralized regulation and micromanagement.

After improving considerably during first-quarter 2022, E&P activity in the southwestern U.S. grew further in the second quarter, hitting its highest level in the Dallas Fed survey’s six-year history. However, cost escalations and supply chain issues are major problems.

Farmland values are many times a point of discussion I get from visitors to the office or through phone calls.It is not always a straightforward answer whe

［２４日　ロイター］ - 米カンザスシティー地区連銀の月次調査によると、同連銀管区の中西部の製造業は６月は金属加工品や機械など耐久消費財の需要に支えられて活動が活発化した。 調査報告書は「製造業各社は、需要の増加と成長が年内の企業投資と設備投資を支える主な要因と回答した。一方で主な抑制要因として、部品や人手の不足を挙げた」と説明した。 �...

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero