October 31, 2005 News Archive

CA 05-8: Racial and Ethnic Control Groups Used in Fair Lending Analyses
In CA 05-8, the Board redefined the control groups used for fair lending analyses. This reflects changes to the Home Mortgage Disclosure Act related to the standards for classification of data on race and ethnicity.

Beige Book Summary
The Beige Book 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. This information is summarized by District and sector.

Board Seeks Comments on Implementation of Amendments to Regulation Z
On Oct. 11, the Federal Reserve Board issued for public comment a second advance notice on proposed rulemaking specific to open-end (revolving) credit rules of the Board's Regulation Z, Truth-in-Lending Act (TILA). In Dec. 2004, the Board issued an initial press release that commenced a review of the open-end credit rules and sought public comment on issues relating to the format and content of open-end credit disclosures, as well as the major protections provided in the regulation. That comment period closed on March 28, 2005.