Innovative Bank-Treasury Partnership has Changed how America Does Business

Launched last fall, the Internet Payment Platform (IPP) promises to be a groundbreaking Web-based tool that makes it much easier for federal agencies and their vendors to conduct business. While streamlining the order-to-payment cycle is an innovative effort for the U.S. Treasury, which owns the platform, what wasn’t so groundbreaking was the longstanding partnership that produced this evolving electronic marketplace.

Banks Hope to Make a Difference with Mortgage Relief Fund

In response to the subprime mortgage crisis and rising foreclosures – and encouraged by Boston Fed leadership – Citizens Bank, Sovereign Bank, TD Banknorth, Webster Bank and Bank of America launched the Mortgage Relief Fund, a $125-million initiative that aims to help some New England homeowners refinance into more affordable mortgages, enabling many to avoid delinquency and foreclosure.

Fed Golfers Take Swings, Trade Laughs, at Fall Tournament

While Mark Twain once argued that “golf is a good walk, spoiled,” the famous author never attended a Federal Reserve Bank of Boston golf tournament, where fun is the first order of the day. The bank’s most recent tournament, which took place on a picture-perfect, mid-September day at the South Shore Country Club in Hingham was more like a "good walk, spoiled” -- only by laughs, good-natured ribbing, whiffs, slices, hooks and, in the end, some pretty good golf.