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Tuesday, February 5, 2013

Monetary

News                                                                                                                             
Bloomberg | ECB Balance Sheet Shrinks to 11-Month Low as Banks Repay Loans
The European Central Bank’s balance sheet shrank to the smallest in almost a year after euro-area banks started to repay emergency ECB loans.
Market Watch | Banks keep lending standards tight as demand rises
Banks have kept their lending standards fairly tight while demand for business loans, mortgages and car loans has picked up, according to a survey released by the Federal Reserve on Monday
WSJ | Bernanke to Give Congressional Testimony Feb. 26
Mark your calendars: Federal Reserve Chairman Ben Bernanke is slated to trek up to Capitol Hill for his biannual “Humphrey-Hawkins” testimony on Feb. 26.

Econ Comments & Analysis                                                                                            
Bloomberg | The Case Against Banking’s Case for Less Capital
Wouldn’t it be nice if there was a way to make banks safer, healthier and able to lend more? There is a way, and it’s called equity.
CNN Money | Should the U.S. kill the penny?
Canada is dropping the use of its penny today. And some economists believe the United States should be following its neighbor's example.
CNBC | Federal Reserve Should Do Less, Not More: Morici
It's time for the Federal Reserve to do less to prop up the recovery and jobs creation.