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Banking and Policy Issues Magazine

June 1994

Top of the Ninth
Suspending Disbelief: Low Incomes Do Not Mean High Defaults
Gary H. Stern, president, column based on remarks presented last year at a conference on race, poverty and housing policy at the University of Minnesota Humphrey Institute of Public Affairs.

Third World Islands in a Sea of Relative Prosperity
Minneapolis Fed joins effort to capitalize Indian reservations.

Interview with Adam Smith [via Edwin West]

Economic Development for the 21st Century:
New Measures of Well-Being

Remarks by Robert P. Forrestal, president,
Federal Reserve Bank of Atlanta.

High Cost of Being Fair
A synopsis of the Minneapolis Fed's 1993 Annual Report.

Minneapolis Fed's 6th Annual Essay Contest Winner
Is the Community Reinvestment Act a necessary and effective tool for eliminating discrimination in lending? How might it be improved?

Book Reviews
The Misunderstood Economy: What Counts and How to Count It

Facing Up: How to Rescue the Economy from Crushing Debt and Restore the American Dream

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