Federal Reserve Bank of Atlanta Headlines
The Federal Reserve Bank of Atlanta plays an important part in all three of the Fed's functions--monetary policy, bank supervision and regulation, and the operation of a nationwide payments system.

• Assessing the Welfare Impact of the 2001 Tax Reform on Dual-Earner Families
  Working Paper 2007-27 by Julie L. Hotchkiss and Robert E. Moore. Using a household labor supply model, the authors find that high-education families and families with multiple children experienced the largest welfare gains from the 2001 tax reforms.
• Optimal Fiscal Feedback on Debt in an Economy with Nominal Rigidities
  Working Paper 2007-26 by Tatiana Kirsanova and Simon Wren-Lewis. The authors examine the extent to which different degrees of fiscal feedback influence the ability of monetary policy to stabilize output and inflation.
• Equilibrium Mortgage Choice and Housing Tenure Decisions with Refinancing
  Working Paper 2007-25 by Matthew S. Chambers, Carlos Garriga, and Don Schlagenhauf. Mortgage loan products that allow low down payments or an increasing repayment schedule can temporarily increase participation of young and lower-income households, but not without potential future costs.
• Optimal Simple and Implementable Monetary and Fiscal Rules
  Working Paper 2007-24 by Stephanie Schmitt-Grohé and Martín Uribe. Examining the welfare consequences of alternative monetary and fiscal policy rules, the authors find that optimal monetary policy features an aggressive response to inflation but a muted response to output.
• Fed Proposes New Rules on Unfair Lending
  Financial Update, Fourth Quarter 2007. The Federal Reserve Board is asking for public comment on proposed provisions aimed at protecting consumers from unfair or deceptive home mortgage lending and advertising practices.
• Fed Study Shows Two-Thirds of Noncash Payments Electronic
  Financial Update, Fourth Quarter 2007. The latest Federal Reserve study of noncash payments showed that more than two-thirds of all U.S noncash payments in 2006 were made electronically. The study also found that check use continues to fall.
• Martin and Davis Reappointed Chairman and Deputy Chairman of the Federal Reserve Bank of Atlanta
  Larkin Martin, managing partner of Martin Farm and vice president of The Albemarle Corp., has been reappointed chairman of the Federal Reserve Bank of Atlanta's board of directors. Scott Davis, chief financial officer and vice chairman of United Parcel Service (UPS), has been reappointed deputy chairman. Their one-year terms begin Jan. 1, 2008.
• Healan and Landrum Reappointed to the Federal Reserve Bank of Atlanta's Jacksonville Branch Board of Directors
  Jack B. Healan Jr., president of Amelia Island Plantation Co., and H. Britt Landrum Jr., president and chief executive officer of Landrum Human Resource Companies Inc., have been reappointed to serve on the board of directors of the Federal Reserve Bank of Atlanta's Jacksonville Branch. Their terms begin Jan. 1, 2008, and run through Dec. 31, 2010.
• Hudson and Thompson Reappointed to the Federal Reserve Bank of Atlanta's Miami Branch Board of Directors
  Dennis S. Hudson III, chairman and chief executive officer of Seacoast Banking Corp. of Florida, and Gay Rebel Thompson, president, chief executive officer, director and part-owner of Cement Industries Inc., have been reappointed to the board of directors of the Federal Reserve Bank of Atlanta's Miami Branch. Their terms begin Jan. 1, 2008, and run through Dec. 31, 2010.
• London and Willson Reappointed to the Federal Reserve Bank of Atlanta's Nashville Branch Board of Directors
  Debra K. London, president and chief executive officer of St. Mary's Health System-Tennessee Region and Mercy Health partners-Kentucky Region, and Paul G. Willson, chairman and chief executive officer of Citizens National Bank, have been reappointed to serve on the board of directors of the Federal Reserve Bank of Atlanta's Nashville Branch. Their terms begin Jan. 1, 2008, and run through Dec. 31, 2010.
• Host, Slaughter and Topazi Appointed to the Federal Reserve Bank of Atlanta's New Orleans Branch Board of Directors
  Gerard Host, director of Trustmark National Bank and president of General Banking Group, Trustmark National Bank., Christel Slaughter, a partner at SSA Consultants LLC, and Anthony Topazi, president and chief executive officer of Mississippi Power, have been appointed to the board of directors of the Federal Reserve Bank of Atlanta's New Orleans Branch. Their terms begin Jan. 1, 2008, and run through Dec. 31, 2010.
• Fed Announces Temporary Term Auction Facility
  The Federal Reserve has announced the establishment of a temporary Term Auction Facility for depository institutions to utilize.
• Federal Reserve Bank of Atlanta Announces 2008 Dates for Dollar Index Release
  The Federal Reserve Bank of Atlanta has announced the 2008 press release dates for its Dollar Index, which is based on 1995-97 bilateral trade weights for 15 currencies and is distributed in a monthly release.
• Dollar Continued to Depreciate in November
  The Atlanta Fed tracks the performance of the U.S. dollar relative to fifteen major currencies. Find the most recent index data and archives.
• Research Notes - December 2007
  Featuring research published in November 2007.
• Head Reappointed and Moore Appointed to the Federal Reserve Bank of Atlanta's Birmingham Branch Board of Directors
  Maryam "Mimi" B. Head, owner, president and majority stockholder of Ram Tool and Supply Co. Inc., has been reappointed to the board of directors of the Federal Reserve Bank of Atlanta's Birmingham Branch. C. Richard Moore, chairman, president and chief executive officer of Peoples Southern Bank in Clanton, Ala., has been appointed to the board of directors of the Birmingham Branch.
• Beige Book, November 28, 2007
  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.
• Atlanta Fed Names New Board Members
  On the Atlanta Fed's board of directors, Tomé was appointed to a three-year term, Perry and Thomas were reelected, and McKillop was elected to serve a three-year term.
• Southeast Economic Strengths and Challenges
  Atlanta Fed President and CEO Dennis Lockhart delivered remarks at the chartering ceremony of the Southeastern United States-Canadian Provinces Alliance.
• On Rocket Science
  In a speech delivered in Huntsville, Ala., Dennis Lockhart discusses the economic outlook and financial market adjustments.
• Lockhart Describes Housing and Financial Market Transitions, Outlook for General Economy
  Dennis P. Lockhart, president and chief executive officer of the Federal Reserve Bank