The Federal Reserve today announced the 12 regional Federal Reserve Banks’ chairmen and deputy chairmen for 2016. Each regional Reserve Bank has a nine-member board of directors. The Fed board in Washington, D.C., appoints three directors, and each year designates one of its appointees as chairman and a second as deputy chairman.
Pending home sales fell in December
Pending home sales in December dropped 9.3% from the prior month and 3% year over year, according to the National Association of Realtors. There were 1.18 million homes on the market.









