Federal Reserve Bank of New York

Germany Is Bringing Home the Gold: 1,950 Tons of It

A German newspaper reports the country's central bank will repatriate parts of its massive gold reserves worth about $200 billion at current market rates from storage sites in the United States and in France.

Are You Better Off Than You Were Four Years Ago?

It's the question every incumbent up for reelection has had to answer since challenger Ronald Reagan first posed it to President Jimmy Carter in 1980. But in this 2012 campaign, the answer is not so simple, for all the rhetoric on both sides.

JPMorgan Hit With Fraud Lawsuit Over Bear Stearns Securities

The New York attorney general's office has hit JPMorgan Chase & Co. with a civil lawsuit, alleging that investment bank Bear Stearns -- prior to its collapse and subsequent sale to JPMorgan in 2008 -- perpetrated massive fraud in deals involving billions in residential mortgage-backed securities.

Automakers Drive U.S. Factory Output Higher in April

U.S. factory output increased in April, helped by a gain in auto production. Busier factories have driven stronger hiring this year and helped the economy grow. The Federal Reserve said Wednesday that factory production rose 0.6% in April, erasing a 0.5% decline in March.

Student Loans: Your 5-Step Plan to Pay Them Off

The economy seems to be turning around for recent college grads, so members of the class of 2012 may have the cash to make a dent in their massive student loans. Now all they need is a plan.

Factory Output Surge Lifted U.S. Economy in December

U.S. factory output surged in December by the most in year. Stronger demand for business equipment, vehicles and energy offered the most visible evidence that manufacturing has roared back from the depths of the recession. The Fed said Wednesday that manufacturing increased 0.9% in December, the biggest gain since December 2010.

Obama's Student Loan Plan: Could You Pay Less?

The Obama administration estimates that close to 8 million borrowers will be affected by its new student loan initiative. That's not even a quarter of those paying down college debt, but with nearly $1 trillion owed, it's still a big deal. Here's what you need to know about the plan.

Bank of America Bondholders Want Their Money Back

Bank of America bondholders, including Pacific Investment Management Co. and the Federal Reserve Bank of New York, are seeking to force the largest U.S. bank by assets to buy back as much as $47 billion in mortgage-related bonds.