A fundamental concern for any lender is credit risk - the risk that a borrower will fail to fully repay a loan as expected. Thus, lenders want credit arrangements that are designed to compensate them for - and help them effectively manage - this type of risk. In certain situations, central banks...

Remarks at the University at Albany, Albany, New York.

Remarks at the New York Association for Business Economics, New York City.

Testimony of Thomas C. Baxter, Jr., and Scott G. Alvarez, General Counsel of the Board of Governors, before the Subcommittee on Domestic Monetary Policy and Technology, Committee on Financial Services, U.S. House of Representatives, Washington, D.C.

Remarks at the University at Albany, Albany, New York.

Remarks at Pace University, New York City.

Remarks at the National Association for Business Economics Policy Conference, Arlington, Virginia

Joint written testimony before the Congressional Oversight Panel, Washington, D.C.

Remarks at the Dutchess County Regional Chamber of Commerce, Fishkill, New York.

Remarks at the Westchester County Bankers Association, Tarrytown, New York.