Miami Provides Currency Services
In 2018, the Miami Branch provided currency services to several Latin
American customers, including nine central banks, handling
approximately $85 billion in U.S. currency (including $53 million in
U.S. coin) to meet local demand for currency in Central and South
America and the Caribbean.
Attendees at a Miami meeting of the U.S. Mint and Joint Product Office
Miami Hosts Mint and Cash Meeting
In June, U.S. Mint representatives, along with FRBA Cash Operations
and Miami international team members, visited Loomis International for
an in-depth look at international coin shipment logistics. The
meetings helped members of the System Coin Workgroup to better
understand the logistics of international coin shipments and industry
trends and to identify opportunities to collectively enhance existing
processes.
Panelists at the workshop on de-risking, financial exclusion, and
resiliency in the Caribbean
De-risking Workshop
In November the Americas Center hosted a workshop on "De-risking,
Financial Exclusion, and Resiliency in the Caribbean." The meeting
brought together specialists on de-risking from central banks,
multilaterals, universities, banks, and fintech firms. Participants
commented that the workshop was a rare chance for dialogue and policy
discussion among people who don't normally have the opportunity to
interact. The workshop was organized with Mark Nance (North Carolina
State) and Eleni Tsingou (Copenhagen Business School). Atlanta Fed
president Raphael Bostic welcomed the participants and encouraged them
to continue progress toward developing effective policy solutions.
Cuba and the Caribbean conference in Sarasota, Florida | International
Economics Workshop
International Economics Workshop
In December the AC co-sponsored its seventh annual international
economics workshop with Emory University. Highlights included a paper
on inflation targeting with sovereign default risk by Cristina
Arellano of the Minneapolis Fed and a paper on exchange rate
pass-through into export prices by Oleg Itskhoki of Princeton
University. Over the past seven years the workshop has developed a
strong reputation in the field of international economics.
NAFTA Roundtable | Cuba update
Cuba Update
Collin and Michael Laverty spoke about recent political and economic
developments in Cuba at an event cosponsored with the World Affairs
Council of Atlanta. The two experts and entrepreneurs spoke about the
growth of tourism and the challenges that the self-employed encounter
in Cuba's burgeoning private sector. The event was moderated by
Fernanda Luchine, the program director of the World Affairs Council.
Caribbean Recovery Event in Sarasota
The AC, the University of South Florida Sarasota-Manatee, and the
Global Interdependence Center cosponsored a conference on Cuba and
disaster recovery in the Caribbean ("Cuba and the Caribbean: What
Now?") on February 22. Highlights included a panel on Investment in
Cuba featuring Stonegate Bank president David Seleski and Cuba
Educational Travel president Collin Laverty as well as a panel on
disaster recovery with members of Congress Stacey Plaskett (Virgin
Islands) and Carlos Curbelo (FL-26), which was moderated by Politico's
Ben White. Ambassador Vicki Huddleston, the former chief U.S. diplomat
in Cuba, was the keynote speaker.
NAFTA Luncheon
In August the AC and World Affairs Council of Atlanta cohosted a
luncheon on the future of North American trade. Raphael Bostic
moderated a panel that featured Canadian Counsel General Nadia
Theodore, Mexican Consul General Javier Diaz de Leon, and Laura Dawson
of the Woodrow Wilson Center in Washington DC. The panelists discussed
NAFTA and its impact on manufacturing and trade in North America.
Development Economics Workshop
The AC held the 11th annual Southeastern Development Economics
Workshop on March 2. The workshop was cosponsored with Georgia Tech,
Mercer, and the University of Georgia. Researchers presented new work
on a range of topics related to development economics, including "The
Impact of Child-Related Transfers and Informal Childcare on the Labor
Supply of Women with Children," by Anne Hannusch of Emory University
and the Atlanta Fed.
International Supervision Outreach with Florida International
Bankers Association (FIBA)
In October, the International Supervision Group, in coordination with
the Americas Center and FIBA, cohosted an outreach program on the
Customer Due Diligence (CDD)/Beneficial Ownership Rule. The event
included a speaker from FinCen (Financial Crimes Enforcement Network),
an interagency regulatory panel discussion, and a presentation on the
economic outlook. Attendees included FIBA's membership from the South
Florida international banking community. This important annual forum
continues to serve as a meaningful platform to provide relevant
information and to encourage open dialogue on key topics.
Bank analysis and examination school in Lima, Peru
SRC's Contributions to Federal Reserve System Foreign Technical
Assistance
Atlanta Fed Supervision, Regulation, and Credit (SRC) staff
participated as system foreign technical assistance instructors at
schools sponsored by multilateral associations or foreign regulatory
agencies located in Peru, Jamaica, El Salvador, Brazil, Mexico,
Uruguay, Guyana, and Armenia. SRC staff also participated as
instructors in training schools for foreign regulatory agency
examination staff held in the United States in conjunction with the
Board of Governors.
