December 2, 2002 News Archive

Financial Literacy: An Overview of Practice, Research, and Policy
An article (PDF) in the Federal Reserve Bulletin provides insights on financial literacy gained from recent research on personal money management styles and discusses the challenges for policymakers and educators in designing and delivering financial literacy education.

Top Banking Risks Updated
Each quarter Supervision and Regulation's Risk Committee meets to determine the top banking risks facing Seventh District banks in the upcoming months and develop appropriate supervisory responses. The September Top Banking Risks are now available.

Interagency Efforts Among Banking, Insurance And Securities Regulators Facilitated By The Federal Reserve Bank Of Chicago
by Cindy Bordelon.
The Federal Reserve Bank of Chicago hosted an interagency meeting among federal and state banking and securities regulators and state insurance regulators located in Illinois, Indiana, Iowa, Michigan and Wisconsin on October 10, 2002. For more information, contact Cindy Bordelon at (312) 322-4034. More... (PDF,33KB)

Treasury Designates BIF and Related Entities as Terrorism Financiers
The US Treasury designated three entities as financiers of terrorism and will ask the United Nations to add these names to the list of those whose assets must be blocked by all member nations.