Board of Governors of the Federal Reserve System

Community Reinvestment Act Joint Public Hearing, August 12, 2010 Chicago, Illinois Alicia Williams: Good morning. Voices: Morning. Alicia Williams

best- preserved paper copies, scanning those copies,1 and then making ...compared with 4 per cent or slightly above in earlier September-October

best- preserved paper copies, scanning those copies,1 and then making ...compared with 56 days at the end of August and 54 days a year earlier.

year—and to reach about 2¾ percent by the end of 2005. (2) The term structure...best as can be gauged, household debt growth is continuing at a rapid

and, on the basis of past experience, it is likely that some time will...price of gold. The other view was that central bank dealing in gold would

the hands of fiscal, regulatory, trade, and monetary policymakers. Equally...for a new equilibrium. The economy’s path depends in part on whether a

key trad ing partners. I think this is unlikely, but it is a view that...and for interest rates--in Europe. Clear signs of recovery elsewhere,

prices. Financial stabil- ity is a critical prerequisite for achieving...the “Dodd-Frank Act”), which was signed into law on July 21, 2010, included

and bank holdings of Treasury securities declined further. Banks reduced...compared with rates of about 1.5 per cent in the third quarter and 6 per

price less than or equal to 60 percent of the area median value of similar