Government Updates

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The Beige Book is published eight times per year by the Federal Reserve Bank. 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 dstrict and sector. An overall summary of the 12 district reports is prepared by a designated Federal Reserve Bank on a rotating basis.
>>read the latest report

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Illinois: First National of Beardstown Assumes Deposits of First State, Winchester

July 2 - The First State Bank of Winchester, Winchester, Illinois, has been closed by the Illinois Department of Financial and Professional Regulation, Division of Banking, which appointed the... >>more

Illinois: State Bank of Lincoln Assumes Deposits of the John Warner Bank

July 2 - The John Warner Bank, Clinton, Illinois, has been closed by the Illinois Department of Financial and Professional Regulation, Division of Banking, which appointed the Federal Deposit... >>more

FDIC Board Approves Proposed Policy Statement on Qualifications for Failed Bank Acquisitions

July 2 - The FDIC Board has authorized publication of a Proposed Statement of Policy on Qualifications for Failed Bank Acquisitions. This proposed policy statement would provide guidance to private... >>more

Agencies Publish Final Rules and Guidelines to Promote Accurate Reports About Consumers

July 2 - The federal financial regulatory agencies and the Federal Trade Commission have published final rules and guidelines to promote the accuracy and integrity of information furnished to credit... >>more

Freddie Mac: Lower Long-Term Rates a Help to Housing Market

July 2 - Freddie Mac (NYSE:FRE) has released the results of its Primary Mortgage Market Survey in which the 30-year fixed-rate mortgage averaged 5.32 percent with an average 0.7 point for the week... >>more

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