Fed Emergency Contact System To Be Deployed in Arkansas

The St. Louis Fed is setting up a self-service online contact tool for crisis and contingency purposes.

District Banks Face Tough Times but Outperform U.S. Peers

Earnings and asset quality remained weak throughout the Eighth District in the second quarter.

Bank Failures Give Lessons in Missed Basics

The core fundamentals of sound bank management are restated in light of the failures of Arkansas’ ANB Financial and California’s IndyMac.

Central Banker ONLINE-ONLY CONTENT

Views

Prompt Corrective Action: What Does It Mean for a Bank’s Liquidity?
The Fed’s Julie Stackhouse looks at what needs to be done immediately if a bank is in trouble.

Tools

New Rules Coming for Fed ACH International Transactions
All ACH participants will need to use a new code next year, which will simplify complying with U.S. laws.

Check Out “Exploring Innovation” Resources
The 2008 materials are still available; preview next year’s Exploring Innovation Week, April 22–29.

FedFacts

Fed Offers Support to Minority-Owned Institutions and De Novo Banks
A new web site, www.fedpartnership.gov, is geared toward these institutions.

Meet the Fed’s Community Development Advisory Council
Two District bankers are members of this new council.

Christopher Waller To Become St. Louis Fed’s Director of Research
The professor and former Fed visiting scholar will assume directorship in July 2009.