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Months after Hurricane Katrina rampaged through the Gulf Coast, the storm’s effects are still evident in everything from labor markets to housing to tourism.
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More than two years after Hurricane Katrina roared through the Gulf Coast, rebuilding continues. Despite the considerable progress made, much remains to be done to achieve normalcy.
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Hurricane Katrina brought unprecedented challenges to the Atlanta Fed’s New Orleans Branch, but the Fed’s contingency efforts helped maintain payments in the region.
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In a recent speech, Jack Guynn said that despite the short-term disruption Hurricanes Katrina and Rita caused, the U.S. economy is poised for growth and low inflation.
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The aftermath of Hurricane Katrina demonstrated the importance of disaster preparedness. Banking agencies have developed a publication to help financial institutions prepare for extraordinary circumstances.
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A new public service campaign encourages people affected by Hurricane Katrina to contact their lenders so they mitigate damage to their credit histories.
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This paper describes the U.S. financial system’s response to the destruction caused by Hurricane Katrina and examines how financial safety nets helped meet consumers’ needs in the aftermath of the storm. Overall, we find that consumers who hold deposit accounts at financial institutions are...
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