Written agreement with First State Bank of Warner

Written agreement with First State Bank of Warner

http://www.federalreserve.gov/newsevents/press/enforcement/20100922a.htm

Released by the Board of Governors of the Federal Reserve System

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Written agreement with TIB Financial Corporation

Written agreement with TIB Financial Corporation

http://www.federalreserve.gov/newsevents/press/enforcement/20100922b.htm

Released by the Board of Governors of the Federal Reserve System

Schedule of upcoming postings to the Board's website
List of items posted to the Board's website over the past two weeks

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News Alert: Top White House Economic Advisor to Depart

Breaking News Alert
The New York Times
Tue, September 21, 2010 -- 5:25 PM ET
-----

Top White House Economic Advisor to Depart

Lawrence H. Summers, who for nearly two years has been the
architect of President Obama's economic policies, is leaving
the White House to return to Harvard University at the end of
the year, the White House has announced.

Read More:
http://www.nytimes.com?emc=na

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News Alert: Military Spending Bill Is Stalled by Procedural Vote in Senate

Breaking News Alert
The New York Times
Tue, September 21, 2010 -- 3:07 PM ET
-----

Military Spending Bill Is Stalled by Procedural Vote in Senate

The Senate on Tuesday voted against taking up a major
military bill that includes a provision allowing the repeal
of the "don't ask, don't tell policy" regarding gay soldiers.

Senate Republicans blocked debate of the bill -- the huge,
annual authorization of military programs -- after the
majority leader, Harry Reid, Democrat of Nevada, said he
would attach a number of the Democrats' election-year
priorities to it and also move to limit the amendments to be
offered by Republicans.

The vote was 56 to 43.

Congress has approved the annual Pentagon authorization bill
for 48 consecutive years, and it seems likely that the
measure will be brought up again after the election in the
relatively calmer -- if somewhat unpredictable -- atmosphere
of a lame duck session.

Read More:
http://www.nytimes.com?emc=na

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News Alert: Fed Leaves Rates Unchanged; Remains Ready to Buy Up Debt

Breaking News Alert
The New York Times
Tue, September 21, 2010 -- 2:23 PM ET
-----

Fed Leaves Rates Unchanged; Remains Ready to Buy Up Debt

The Federal Reserve on Tuesday left benchmark interest rates
unchanged and announced no new steps to speed the plodding
economic recovery, though it reaffirmed that it could start
buying vast quantities of government debt if unemployment
does not improve. Led by its chairman, Ben S. Bernanke, the
Fed's policy-setting committee postponed a pivotal decision
on whether to begin a big new push to stimulate the economy
by creating money and buying large amounts of Treasury
securities, a strategy known as quantitative easing.

In its announcement, the Fed said it saw the pace of economic
growth slowing, and little to no evidence that inflation
would pose a problem in the near future, justifying a
continuation of exceptionally low interest rates.

Read More:
http://www.nytimes.com/2010/09/22/business/economy/22fed.html?hp&emc=na

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FOMC Statement

FOMC Statement

http://www.federalreserve.gov/newsevents/press/monetary/20100921a.htm

Released by the Board of Governors of the Federal Reserve System

Schedule of upcoming postings to the Board's website
List of items posted to the Board's website over the past two weeks

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Use Hulbert Before You Invest

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