January 22, 2007

Board Releases Latest Beige Book 
Most reports from the Federal Reserve District Banks indicated that economic activity expanded at a modest pace since the last report. Details, including individual Reserve Bank summaries, are available in the full report.

Mortgage Loan Fraud: Industry Assessment Based on SAR Analysis 
The Department of the Treasury's Financial Crimes Enforcement Network (FinCEN) has prepared an assessment of mortgage loan fraud, which it based on its analysis of Suspicious Activity Reports (SARs). Financial institutions offering mortgage loan products may find the assessment useful. The assessment, entitled "Mortgage Loan Fraud," is available on FinCEN's Web site.