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Inside Washington (11/20/2007)
* WASHINGTON (11/21/07)--The Federal Deposit Insurance Corp. Monday updated the Regional Economic Conditions (RECON) database for the second quarter. RECON provides information to help financial institutions analyze risk … * WASHINGTON (11/21/07)--On Nov. 28, the Federal Deposit Insurance Corp. (FDIC) is scheduled to release its Quarterly Banking Profile for the third quarter. FDIC officials will provide a public briefing after its release. The report, which is usually published about 50 days after the end of each quarter, provides a comprehensive summary of financial results for all FDIC-insured financial institutions …. * WASHINGTON (11/21/07)--The Federal Reserve Board announced a new resource, Federal Reserve Consumer Help, which consolidates and streamlines the Federal Reserve’s consumer complaint and inquiry program. The Federal Reserve Consumer Help is available through a new toll-free number, 888-851-1920, from 8 a.m. to 6 p.m. CT, or through the Consumer Help website … * WASHINGTON (11/21/07)--Freddie Mac Tuesday posted a $2 billion loss for the third quarter and reported that its shares dropped 25%. Revenues were posted at a negative $678 million. The loss is the biggest in Freddie Mac’s history (Associated Press Nov. 20). Freddie said it would consider cutting its dividend in half during the fourth quarter, and stated that it has hired Lehman Brothers Holdings Inc. and Goldman Sachs Group Inc. to devise ways to raise capital. If cutting the dividend doesn’t work, Freddie officials said it could issue new stock, reduce the amount it invests in mortgages or limit growth …


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