The E-mail Banking News
(Bank Regulatory News)
April 2014

April 30, 2014 - Nowcasting using the CFNAI - Scott A. Brave and R. Andrew Butters - The Chicago Fed National Activity Index is
a monthly index of U.S. economic activity constructed from 85 data series (or indicators) classified into four groups: production and income; employment, unemployment, and hours; personal consumption and housing; and sales, orders, and inventories.   http://chicagofed.org/digital_assets/publications/economic_perspectives/2014/1Q2014_part2_brave_butters.pdf

April 30, 2014 - NCUA Issues Prohibition Orders - The National Credit Union Administration has issued five orders in April prohibiting the following individuals from participating in the affairs of any federally insured financial institution: www.ncua.gov/News/Pages/NW20140430ProhibitionOrders.aspx

April 30, 2014 - Regulatory Relief - Guidance to Help Financial Institutions and Facilitate Recovery in Areas of Arkansas Affected by Severe Storms, Tornadoes, and Flooding - The FDIC has announced a series of steps intended to provide regulatory relief to financial institutions and to facilitate recovery in areas of Arkansas affected by severe storms, tornadoes, and flooding. www.fdic.gov/news/news/financial/2014/fil14022.pdf

April 30, 2014 - Federal Reserve issues FOMC statement - Information received since the Federal Open Market Committee met in March indicates that growth in economic activity has picked up recently, after having slowed sharply during the winter in part because of adverse weather conditions. Labor market indicators were mixed but on balance showed further improvement. www.federalreserve.gov/newsevents/press/monetary/20140430a.htm

April 29, 2014 - National Banks and Federal Savings Associations Encouraged to Work With Customers Affected by Recent Extreme Weather - The Office of the Comptroller of the Currency reminds national banks and federal savings associations of guidance to assist financial institutions and customers affected by extreme weather, such as the recent tornadoes in the south central and central United States. www.occ.gov/news-issuances/news-releases/2014/nr-occ-2014-64.html

April 29, 2014 - Office of the Comptroller of the Currency Hosts Nashville Workshop for New and Experienced Bank Directors - The Office of the Comptroller of the Currency will host a workshop in Nashville, Tenn., at the Holiday Inn Nashville Opryland Airport, June 2-4, for directors of national community banks and federal savings associations. www.occ.gov/news-issuances/news-releases/2014/nr-occ-2014-63.html

April 29, 2014 - Regulatory Reform - Communications with the public through April 29, 2014 - The Federal Reserve Board will be involved in many rulemakings to implement the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010. www.federalreserve.gov/newsevents/reform_meetings.htm

April 29, 2014 - Federal Reserve Board announces termination of enforcement actions with Cornerstone Bancorp, Liberty Bancorp, and Liberty Bank.   www.federalreserve.gov/newsevents/press/enforcement/20140429a.htm

April 28, 2014 - OCC Proposes Increase in Assessments for National Banks and Federal Savings Associations with Total Assets of More Than $40 Billion - The Office of the Comptroller of the Currency today published a notice of proposed rulemaking in the Federal Register seeking comment on a proposal to raise assessments on national banks and federal savings associations with total assets over $40 billion. www.occ.gov/news-issuances/news-releases/2014/nr-occ-2014-62.html

April 28, 2014 - Federal Reserve Board announces it is requiring Bank of America Corporation to resubmit its capital plan and to suspend planned increases in capital distributions. www.federalreserve.gov/newsevents/press/bcreg/20140428a.htm

April 28, 2014 - Midwest Economic Growth Near Average in March - The Midwest Economy Index was –0.02 in March, down from +0.05 in February.   www.chicagofed.org/digital_assets/publications/mei/2014/mei_march2014.pdf

April 25, 2014 - Regulatory Capital Rules - Regulatory Capital, Implementation of Basel III, Capital Adequacy, Transition Provisions, Prompt Corrective Action, Standardized Approach for Risk-Weighted Assets, Market Discipline and Disclosure Requirements, Advanced Approaches Risk-Based Capital Rule, and Market Risk Capital Rule - The FDIC is adopting as final an interim final rule that revises the risk-based and leverage capital requirements for FDIC-supervised institutions, with no substantive changes.  www.fdic.gov/news/news/financial/2014/fil14018.html

April 25, 2014 - Regulatory Capital Rules - Regulatory Capital, Enhanced Supplementary Leverage Ratio Standards for Certain Bank Holding Companies and their Subsidiary Insured Depository Institutions - The federal banking agencies have issued the attached joint final rule that strengthens the leverage requirements applicable to the largest, most systemically important banking organizations and their subsidiary insured depository institutions. www.fdic.gov/news/news/financial/2014/index.html

April 25, 2014 - Regulatory Capital Rules - Regulatory Capital, Proposed Revisions to the Supplementary Leverage Ratio - The federal banking agencies have issued the attached joint notice of proposed rulemaking that would revise the denominator of the supplementary leverage ratio (total leverage exposure) under the revised regulatory capital rule adopted by the agencies in July 2013 www.fdic.gov/news/news/financial/2014/fil14020.html

April 25, 2014 - Webinar on Senior Management'S Role in Cybersecurity - The Federal Financial Institutions Examination Council will host a free webinar entitled Executive Leadership of Cybersecurity: What Today's CEO Needs to Know About the Threats They Don't See. The webinar is scheduled for May 7, 2014, from 1:00 p.m. to 2:30 p.m., EDT. www.fdic.gov/news/news/financial/2014/fil14021.html

April 25, 2014 - Palmetto State Bank, Hampton, South Carolina, Assumes All of the Deposits of Allendale County Bank, Fairfax, South Carolina - Alendale County Bank, Fairfax, South Carolina, was closed today by the South Carolina State Board of Financial Institutions, which appointed the Federal Deposit Insurance Corporation as receiver. To protect the depositors, the FDIC entered into a purchase and assumption agreement with Palmetto State Bank, Hampton, South Carolina, to assume all of the deposits of Allendale County Bank. www.fdic.gov/news/news/press/2014/pr14031.html

April 25, 2014 - FDIC Makes Public March Enforcement Actions; One Administrative Hearing Scheduled for May 2014 - The Federal Deposit Insurance Corporation today released a list of orders of administrative enforcement actions taken against banks and individuals in March. One administrative hearing is scheduled for May 2014. www.fdic.gov/news/news/press/2014/pr14030.html

April 25, 2014 - Credit and Liquidity Programs and the Balance Sheet - Recent balance sheet trends, weekly chart data update.   www.federalreserve.gov/monetarypolicy/bst_recenttrends.htm
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April 25, 2014 - FDIC Makes Public March Enforcement Actions - The Federal Deposit Insurance Corporation (FDIC) today released a list of orders of administrative enforcement actions taken against banks and individuals in March. One administrative hearing is scheduled for May 2014. http://www.fdic.gov/news/news/press/2014/pr14030.html

April 24, 2014 - Financial Market Stress Falls to Lowest Level in Three Months - Financial market stress fell for the third week in the past four ,according to the St. Louis Fed Financial Stress Index. For the week ending April 18th, 2014, the STLFSI measured -1.108, down slightly from last week’s revised value of -1.092—and its lowest level since the week ending Jan. 17, 2014.  www.stlouisfed.org/newsroom/displayNews.cfm?article=2172

April 23, 2014 - May 6 Dialogue To Feature "The St. Louis Fed at 100: Reflections on the 'Maverick' Reserve Bank" - The Federal Reserve Bank of St. Louis will host a special centennial version of its popular Dialogue with the Fed evening lecture series for the general public on Tuesday, May 6, 2014. www.stlouisfed.org/newsroom/displayNews.cfm?article=2157

April 23, 2014 - Federal Reserve Board announces termination of enforcement actions with Farmers Bancorporation, Inc. and Great River Holding company.   www.federalreserve.gov/newsevents/press/enforcement/20140424a.htm

April 22, 2014 - NCUA - Earth Day 2014: NCUA Promoting Greater Efficiency, More Recycling - The National Credit Union Administration continues to work to reduce its environmental footprint, and in the past year has emphasized recycling and greater efficiency in using resources. www.ncua.gov/News/Pages/NW20140422EarthDay.aspx

April 22, 2014 - OCC Reports Increased Loan Growth Among Southern District Community Banks and Thrifts; Oil and Gas Lead Growth - The Office of the Comptroller of the Currency today reported that the average loan growth rate doubled among community national banks and federal savings associations located in the nine states that make up the OCC’s Southern District from 2012 to 2013, reaching 4 percent in 2013. www.occ.gov/news-issuances/news-releases/2014/nr-occ-2014-61.html

April 22, 2014 - Economist Interviews from St. Louis Fed’s 2013 Fall Conference Now Available - Each year, the Research division of the Federal Reserve Bank of St. Louis sponsors a fall conference.  www.stlouisfed.org/newsroom/displayNews.cfm?article=2169

April 22, 2014 - John Rodgers Brashier Joins St. Louis Fed’s Agribusiness Industry Council - John Rodgers Brashier, vice president of Consolidated Catfish Producers LLC in Isola, Miss., has been named to the Agribusiness Industry Council of the Federal Reserve Bank of St. Louis. www.stlouisfed.org/newsroom/displayNews.cfm?article=2170

April 22, 2014 - FDIC Advisory Committee on Economic Inclusion Set to Meet and Discuss Expanding Banking Access to Consumers - The Federal Deposit Insurance Corporation Advisory Committee on Economic Inclusion will meet on Thursday, April 24, 2014, to discuss Safe Accounts, mobile financial services, financial education opportunities and consumer demand for small dollar loans. www.fdic.gov/news/news/press/2014/pr14029.html

April 22, 2014 - Legal Interpretations - Bank Holding Companies/Savings and Loan Holding Companies/Change in Control.   www.federalreserve.gov/bankinforeg/LegalInterpretations/bhc_changeincontrol2014.htm

April 22, 2014 - Procurement - Acquisition Planning Forecast - We value the fair inclusion of diverse suppliers throughout our organization. Listed below are upcoming procurement opportunities. For more information about these opportunities, please contact Supplier Diversity Specialist, Marleitha G. Williams. www.federalreserve.gov/aboutthefed/procurement/procuring-the-future.htm

April 21, 2014 - Differences in State Safety Net Spending - In a recent blog posting, Chicago Fed associate economist Jacob Berman aggregates many of the social safety net programs, and examines the variation in benefits across individual states. www.chicagofed.org/webpages/index.cfm

April 21, 2014 - Economic Growth Moderated in March - The Chicago Fed National Activity Index was +0.20 in March, down from +0.53 in February.    www.chicagofed.org/webpages/publications/cfnai/index.cfm

April 21, 2014 - NCUA - The NCUA Report for April 2014 Now Available - The NCUA Report is NCUA’s flagship publication that highlights important NCUA Board actions and key issues that credit union volunteers and management need to know. It is a one-stop resource to learn not just the “what” but also the “why” behind NCUA’s actions. www.ncuareport.org/ncuareport/april_2014#pg1

April 21, 2014 - Federal Reserve Bank of Kansas City announces Economic Advisory Council Appointments - The Federal Reserve Bank of Kansas City has named eight members to its Economic Advisory Council, who are each joining the council for a three-year term:
www.kc.frb.org/publicat/newsroom/2014pdf/press.release.04.21.14.pdf 

April 21, 2014 - Statistical Release - Finance Companies - G.20.  www.federalreserve.gov/releases/g20/Current/

April 21, 2014 - OCC Enforcement Actions - The Office of the Comptroller of the Currency (OCC) today released new enforcement actions taken against national banks, federal savings associations, and individuals currently and formerly affiliated with national banks and federal savings associations. www.occ.gov/news-issuances/news-releases/2014/nr-occ-2014-60.html

April 18, 2014 - Deposit Insurance Coverage - Free Nationwide Seminars for Bank Officers and Employees - The FDIC will conduct the following 12 free seminars on deposit insurance coverage for bank officers and employees between May 6, 2014, and December 4, 2014: www.fdic.gov/news/news/financial/2014/fil14017.html

April 18, 2014 - The Role of Financial Imbalances in Assessing the State of the Economy - The buildup of financial imbalances may provide a signal regarding the sustainable rate of resource utilization in the economy.  www.federalreserve.gov/econresdata/notes/feds-notes/2014/the-role-of-financial-imbalances-in-assessing-the-state-of-the-economy-20140418.html

April 18, 2014 - Examiner Loan Sampling Requirements for State Member Bank and Credit Extending Nonbank Subsidiaries of Banking Organizations with $10-$50 Billion in Total Consolidated Assets.  www.federalreserve.gov/bankinforeg/srletters/sr1404.pdf

April 18, 2014 - Credit and Liquidity Programs and the Balance Sheet - Recent balance sheet trends, weekly chart data update.   www.federalreserve.gov/monetarypolicy/bst_recenttrends.htm

April 18, 2014 - Revised Interagency Large Institution CRA Examination Procedures and Consolidation of Interagency CRA Examination Procedures and Supporting Materials.  www.federalreserve.gov/bankinforeg/caletters/caltr1402.htm

April 18, 2014 - Federal Reserve Board announces approval of application by The Joyo Bank, Ltd. www.federalreserve.gov/newsevents/press/orders/orders20140418a1.pdf
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April 17, 2014 - Financial Market Stress Falls to Six-Week Low - Financial market stress fell to a six-week low over the past week. For the week ending April 11, 2014, the St. Louis Fed Financial Stress Index measured -1.084, down slightly from last week’s revised value of -1.065. www.stlouisfed.org/newsroom/displayNews.cfm?article=2165

April 17, 2014 - St. Louis Fed Research Symposium to Examine Threats to Young Americans’ Prosperity - There is growing concern among researchers and policymakers about the balance sheets and economic prospects of younger Americans, especially those in their 20s and 30s. www.stlouisfed.org/newsroom/displayNews.cfm?article=2166

April 17, 2014 - Federal Reserve Board announces consent order of prohibition - The Federal Reserve Board on Thursday announced the issuance of a Consent Order of Prohibition against Darryl Woods, the former President and Chairman of the board of directors of Calvert Financial Corporation, Ashland, Missouri, a registered bank holding company, and the former Chief Financial Officer and Chairman of the board of directors of Mainstreet Bank, Ashland, Missouri, a state-member bank. www.federalreserve.gov/newsevents/press/enforcement/20140417a.htm

April 17, 2014 - NCUA Hosts April 23 Financial Literacy Twitter Chat - Credit unions and consumers interested in sharing financial literacy best practices are welcome to join NCUA’s Financial Literacy Twitter chat on Wednesday, April 23, 2014, from 11 a.m. to noon Eastern. www.ncua.gov/News/Pages/NW20140417TwitterChat.aspx

April 17, 2014 - NCUA - New NCUA Video Answers Questions about Proposed Risk-Based Capital Rule - Federally insured credit unions with questions about the National Credit Union Administration’s proposed risk-based capital rule have a new resource just a click or two away: a two-part, 20-minute video released today by the agency. www.ncua.gov/News/Pages/NW20140417Risk-BasedCapitalVideo.aspx

April 16, 2014 - Comptroller Discusses Cybersecurity - Comptroller of the Currency Thomas J. Curry today highlighted the importance of cybersecurity and the OCC’s recent guidance on managing third-party relationships during remarks before a CES Government meeting. www.occ.gov/news-issuances/news-releases/2014/nr-occ-2014-59.html

April 16, 2014 - Federal Reserve Releases April Beige Book and Related Sound Clip - Audio highlights of the Federal Reserve's Beige Book, which summarize economic conditions for the United States as a whole and the Fed's Eighth District, are available for downloading. www.stlouisfed.org/newsroom/displayNews.cfm?article=2163

April 16, 2014 - Beige Book - Informal review by the Federal Reserve Banks of current economic conditions in their Districts.   www.federalreserve.gov/monetarypolicy/beigebook/files/BeigeBook_20140416.pdf

April 16, 2014 - Policy Paradoxes in the New Keynesian Model - Michael T. Kiley - The most common New-Keynesian model--with sticky-prices--has potentially implausible implications in a zero-lower bound environment. Fiscal and forward guidance multipliers can be implausibly large.   www.federalreserve.gov/pubs/feds/2014/201429/201429pap.pdf

April 16, 2014 - An Evaluation of the Inflationary Pressure Associated with Short- and Long-term Unemployment - Michael T. Kiley - In the years following 2009, long-term unemployment has been very elevated while inflation has fallen only moderately, raising the question of whether the long-term unemployed exert less downward pressure on prices than the short-term unemployed, perhaps because such potential workers are disconnected from the labor market. However, empirical evidence is mixed. www.federalreserve.gov/pubs/feds/2014/201428/201428pap.pdf

April 16, 2014 - Industrial Production and Capacity Utilization - G.17 - Industrial production increased 0.7 percent in March after having advanced 1.2 percent in February. The rise in February was higher than previously reported primarily because of stronger gains for durable goods manufacturing and for mining.  www.federalreserve.gov/releases/g17/Current/default.htm

April 16, 2014 - Chair Janet L. Yellen - Monetary Policy and the Economic Recovery - At the Economic Club of New York, New York, New York.   www.federalreserve.gov/newsevents/speech/yellen20140416a.htm 

April 15, 2014 - NCUA Named One of the “Best of the Best” Workplaces for Minorities - Black EOE Journal Gives Agency High Marks for Employment Opportunities - Agency efforts to promote greater diversity have brought the National Credit Union Administration recognition as one of the “Best of the Best” places to work in terms of opportunity for minorities from the magazine Black EOE Journal. www.ncua.gov/News/Pages/NW20140415BestWorkplaces.aspx

April 15, 2014 - Menu Costs, Trade Flows, and Exchange Rate Volatility - Logan T. Lewis - U.S. imports and exports respond little to exchange rate changes in the short run. Pricing behavior has long been thought central to explaining this response: if local prices do not respond to exchange rates, neither will trade flows.  www.federalreserve.gov/pubs/ifdp/2014/1102/ifdp1102.pdf

April 15, 2014 - Proposal to approve under OMB delegated authority the extension for three years, without revision, of the following information collections: FR 4021, Regulation F, FR 4025, CFPB Regulation G, Reg H-3, and FR HMDA-LAR. - Proposals concerning the reporting of financial and other information under authority delegated to the Board by the Office of Management and Budget.  www.federalreserve.gov/apps/foia/proposedregs.aspx#icp

April 15, 2014 - Chair Janet L. Yellen - Opening Remarks - At the Federal Reserve Bank of Atlanta's 2014 Financial Markets Conference, Atlanta, Georgia.  www.federalreserve.gov/newsevents/speech/yellen20140415a.htm

April 15, 2014 - Minutes of the Board's discount rates meeting from February 10 through March 17, 2014.   www.federalreserve.gov/newsevents/press/monetary/monetary20140415a1.pdf

April 15, 2014 - Federal Reserve Board issues enforcement action with Uinta Bank and termination of enforcement action with PGB Holdings, Inc. and Pacific Global Bank.  www.federalreserve.gov/newsevents/press/enforcement/20140415a.htm

April 14, 2014 - Get "Money Smart" with the Kansas City Fed - Consumers of all ages can take advantage of more than a dozen free personal finance sessions and programs covering credit reports, understanding mortgages, budgeting, building wealth and more at the Federal Reserve Bank of Kansas City’s Money Smart Day.  www.kc.frb.org/publicat/newsroom/2014pdf/press.release.04.14.14.pdf

April 14, 2014 - Why is Involuntary Part-Time Work Elevated? - Tomaz Cajner, Dennis Mawhirter, Christopher Nekarda, David Ratner - Despite substantial improvement in the unemployment rate and several other labor market indicators, the number of Americans involuntarily working part time (also called "part-time for economic reasons") remains unusually high nearly five years into the recovery. www.federalreserve.gov/econresdata/notes/feds-notes/2014/why-is-involuntary-part-time-work-elevated-20140414.html 

April 11, 2014 - NCUA’s Central Liquidity Facility Assets, Membership Growing - The Central Liquidity Facility’s financial performance showed overall positive trends in the first quarter of 2014, and its stock dividend rate increased to 0.25 percent, the National Credit Union Administration announced today. www.ncua.gov/News/Pages/NW20140411CLF.aspx

April 11, 2014 - Comptroller Highlights the Importance of Risk Management at Banker Forum - Comptroller of the Currency Thomas J. Curry discussed the importance of risk management during the American Bankers Associations’ Risk Management Forum yesterday.
www.occ.gov/news-issuances/speeches/2014/pub-speech-2014-58.pdf

April 11, 2014 - Technology Alert: OpenSSL "Heartbleed" Vulnerability - The FDIC, as a member of the Federal Financial Institutions Examination Council, is issuing the attached alert advising financial institutions of a material security vulnerability in OpenSSL, a popular cryptographic library used to authenticate Internet services and encrypt sensitive information. www.fdic.gov/news/news/financial/2014/fil14016.html

April 11, 2014 - Credit and Liquidity Programs and the Balance Sheet - Recent balance sheet trends, weekly chart data update.   www.federalreserve.gov/monetarypolicy/bst_recenttrends.htm
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April 10, 2014 - OCC Hosts Risk Assessment and Compliance Risk Workshops in San Diego - The Office of the Comptroller of the Currency will host two workshops in San Diego at the Embassy Suites San Diego Bay-Downtown, May 6-7, for directors of national community banks and federal savings associations. www.occ.gov/news-issuances/news-releases/2014/nr-occ-2014-56.html

April 10, 2014 - Financial Market Stress Rises Slightly over Previous Week - Financial market stress inched higher over the past week, partially reversing the previous week’s modest decline. For the week ending April 4, 2014, the St. Louis Fed Financial Stress Index measured -1.058, up slightly from last week’s revised -1.068 value. www.stlouisfed.org/newsroom/displayNews.cfm?article=2155

April 10, 2014 - St. Louis Fed’s Regional Economist Examines the Role of Fed Credibility by Looking at Interest and Inflation Rates for the Past 50 Years - President James Bullard, in his column, examines the seeming dichotomy of a simultaneous decline in the unemployment rate and the labor force participation rate. www.stlouisfed.org/newsroom/displayNews.cfm?article=2156

April 10, 2014 - FDIC Urges Financial Institutions to Utilize Available Cyber Resources - The Federal Deposit Insurance Corporation today urges financial institutions to actively utilize available resources to identify and help mitigate potential cyber-related risks. It is important for financial institutions of all sizes to be aware of the constantly emerging cyber threats and government-sponsored resources available to help identify these threats on a real-time basis. www.fdic.gov/news/news/press/2014/pr14028.html

April 10, 2014 - FDIC Announces Retirement of Atlanta Regional Director Thomas J. Dujenski - The Federal Deposit Insurance Corporation today announced the retirement of Thomas J. Dujenski as Atlanta's Regional Director effective May 3, 2014. Mr. Dujenski has overseen the FDIC's bank supervision activities in Alabama, Florida, Georgia, North Carolina, South Carolina, Virginia, and West Virginia since 2010. www.fdic.gov/news/news/press/2014/pr14027.html

April 10, 2014 - Some Implications of Knightian Uncertainty for Finance and Regulation - Doriana Ruffino - With the recession of 2008, "uncertainty" became a buzzword.1 Since then, economists have largely shaped how policymakers, politicians, and the general public think about uncertainty, through, among other means, models that explicitly account for uncertainty. www.federalreserve.gov/econresdata/notes/feds-notes/2014/some-implications-of-knightian-uncertainty-for-finance-and-regulation-20140410.html

April 10, 2014 - Federal Reserve Board issues enforcement action with NBRS Financial Bank.   www.federalreserve.gov/newsevents/press/enforcement/enf20140410a1.pdf 

April 10, 2014 - NCUA Lauded as One of the “Best of the Best” Places for Women to Work, Advance - The National Credit Union Administration has been recognized by Professional Woman’s Magazine as a “Best of the Best” place to work for women, the agency announced today. www.ncua.gov/News/Pages/NW20140410BestoftheBest.aspx

April 9, 2014 - Governor Daniel K. Tarullo - Longer-Term Challenges for the American Economy - At the 23rd Annual Hyman P. Minsky Conference: Stabilizing Financial Systems for Growth and Full Employment, Washington, D.C. www.federalreserve.gov/newsevents/speech/tarullo20140409a.htm

April 9, 2014 - Fed’s Evans Addresses Business, Economic Leaders - Chicago Fed President Charles Evans provided his thoughts on monetary goals and strategies during the 23rd annual Hyman P. Minsky Conference, April 9 in Washington, D.C. www.chicagofed.org/webpages/publications/speeches/2014/04_09_14__evans_monetary_policy_goals_strategy_minsky.cfm

April 9, 2014 - OCC Assesses $25 Million Penalty Against Bank of America, N.A. and FIA Card Services, N.A.; Orders $459.5 Million in Restitution to Customers for Unfair Billing Practices - The Office of the Comptroller of the Currency today assessed a $25 million penalty against Bank of America, N.A., Charlotte, North Carolina, and its credit card subsidiary FIA Card Services.  www.occ.gov/news-issuances/news-releases/2014/nr-occ-2014-55.html

April 9, 2014 - Consolidated Reports of Condition and Income - The Consolidated Reports of Condition and Income for the March 31, 2014, report date must be received by Wednesday, April 30, 2014. Certain institutions with foreign offices have an additional five calendar days to submit their reports. Several Call Report revisions will be implemented this quarter. www.fdic.gov/news/news/financial/2014/fil14015.html

April 9, 2014 - FDIC Research Study on Long-Term Bank Consolidation Demonstrates the Ongoing Resilience of Community Banks - The Federal Deposit Insurance Corporation today released a research study on long-term consolidation in banking and the implications of this trend for community banks. Drawing from data over the last thirty years, the paper finds that community banks have remained highly resilient amid the long-term trend of banking industry consolidation. http://www.fdic.gov/news/news/press/2014/pr14026.html

April 9, 2014 - Missing Variation in the Great Moderation: Lack of Signal Error and OLS Regression - Jeremy J. Nalewaik - This paper studies measurement errors that subtract signal from true variables of interest, labeled lack of signal errors (LoSE). The effect on OLS regression of LoSE is opposite the conventional wisdom about classical measurement errors, with LoSE in the dependent variable, not the explanatory variables, causing attenuation bias under some conditions. www.federalreserve.gov/pubs/feds/2014/201427/201427pap.pdf

April 9, 2014 - Minutes of the Federal Open Market Committee, March 18-19, 2014. www.federalreserve.gov/newsevents/press/monetary/20140409a.htm

April 7, 2014 - Black–White Differences in Intergenerational Economic Mobility in the U.S. - Economic Perspectives article asks what current trends, if they were to continue, would suggest about the future. www.chicagofed.org/digital_assets/publications/economic_perspectives/2014/1Q2014_part1_mazumder.pdf

April 8, 2014 - NCUA: 70 Percent of Recent Rules Provide Relief or Clarity - Seventy percent of the new rules approved by the National Credit Union Administration Board since January 2013 have provided regulatory relief or greater clarity for credit unions without additional costs, the agency told a congressional committee today. www.ncua.gov/News/Pages/NW20140408RecentRules.aspx

April 8, 2014 - OCC Chief Counsel Testifies On Community Banks - The Office of the Comptroller of the Currency’s Chief Counsel Amy Friend discussed efforts to minimize the regulatory burden facing community banks and savings associations while maintaining safety and soundness of the federal banking system during her testimony before the U.S. House of Representatives’ Financial Services Committee today. www.occ.gov/news-issuances/news-releases/2014/nr-occ-2014-53.html

April 8, 2014 - FDIC Announces Advisory Committee on Community Banking Meeting - The Federal Deposit Insurance Corporation announced today that it will hold a meeting of the Advisory Committee on Community Banking on Wednesday, April 9th.  www.fdic.gov/news/news/press/2014/pr14024.html

April 8, 2014 - Community Depository Institutions Advisory Council - Record of meeting, April 4, 2014 - The Community Depository Institutions Advisory Council was established in 2010 by the Board of Governors to provide input to the Board on the economy, lending conditions, and other issues of interest to community depository institutions.  http://www.federalreserve.gov/aboutthefed/CDIAC-meeting-20140404.pdf

April 8, 2014 - Community Bank Performance: How Important are Managers? - Dean F. Amel and Robin A. Prager - Community banks have long played an important role in the U.S. economy, providing loans and other financial services to households and small businesses within their local markets.  www.federalreserve.gov/pubs/feds/2014/201426/201426pap.pdf

April 8, 2014 - Small Sample Properties of Bayesian Estimators of Labor Income Processes - Taisuke Nakata and Christopher Tonetti - There exists an extensive literature estimating idiosyncratic labor income processes. While a wide variety of models are estimated, GMM estimators are almost always used. www.federalreserve.gov/pubs/feds/2014/201425/201425pap.pdf

April 8, 2014 - Scott G. Alvarez, General Counsel - Regulatory Rulemakings - Before the Committee on Financial Services, U.S. House of Representatives, Washington, D.C. www.federalreserve.gov/newsevents/testimony/alvarez20140408a.htm

April 8, 2014 - Agencies adopt enhanced supplementary leverage ratio final rule and issue supplementary leverage ratio notice of proposed rulemaking.  
Press Release: www.federalreserve.gov/newsevents/press/bcreg/20140408a.htm
Press Release: www.occ.gov/news-issuances/news-releases/2014/nr-ia-2014-54.html

April 7, 2014 - St. Louis Fed Launches Two New Blogs - The St. Louis Fed is launching two very different blogs this week-both aimed at one purpose: its ongoing commitment to transparency and dialogue with the public. www.stlouisfed.org/newsroom/displayNews.cfm?article=2145

April 7, 2014 - St. Louis Fed’s Bullard Discusses Two Views of International Monetary Policy Coordination - Federal Reserve Bank of St. Louis President James Bullard addressed the question of whether monetary policy should be better coordinated across countries as part of his presentation on Monday at the 27th Asia/Pacific Business Outlook Conference, hosted by the University of Southern California Marshall School of Business. www.stlouisfed.org/newsroom/displayNews.cfm?article=2148

April 7, 2014 - Payment Systems - Peak and Average Daylight Overdrafts, Quarterly Data Updates.  www.federalreserve.gov/paymentsystems/psr_data.htm

April 7, 2014 - Statistical Release - Consumer Credit - G.19 - In February, consumer credit increased at a seasonally adjusted annual rate of 6-1/2 percent. Revolving credit decreased at an annual rate of 3-1/2 percent, while nonrevolving credit increased at an annual rate of 10 percent. www.federalreserve.gov/releases/g19/current/default.htm

April 7, 2014 - Federal Reserve Board will give banking entities two additional one-year extensions to conform their ownership interests in and sponsorship of certain collateralized loan obligations covered by the Volcker rule.  www.federalreserve.gov/newsevents/press/bcreg/20140407a.htm

April 7, 2014 - Federal Reserve Board announces approval of application by Old National Bancorp - The Federal Reserve Board on Monday announced its approval of the application under section 3 of the Bank Holding Company Act by Old National Bancorp, Evansville, Indiana, to merge with Tower Financial Corporation and thereby indirectly acquire Tower Bank and Trust Company, both of Fort Wayne, Indiana. www.federalreserve.gov/newsevents/press/orders/20140407a.htm

April 4, 2014 - Keeping Banking Competitive - Chicago Fed Letter describes how proposed bank mergers and acquisitions are evaluated for antitrust concerns. www.chicagofed.org/digital_assets/publications/chicago_fed_letter/2014/cflmay2014_322.pdf

April 4, 2014 - NCUA Encourages Credit Unions to Work with Members Affected by Mudslide in Washington State - The National Credit Union Administration is encouraging credit unions serving people in Washington state who were affected by the recent mudslide in Snohomish County to work with members who may need assistance. www.ncua.gov/News/Pages/NW20140407Mudslide.aspx

April 4, 2014 - Still Time to Register for NCUA’s Leadership Boot Camp in Baltimore - Agency Partnering with Maryland-District of Columbia Credit Union Association - There is still time to register for the Leadership Boot Camp for credit union managers and board directors hosted by the National Credit Union Administration’s Office of Small Credit Union Initiatives, April 12, 2014, at the Sheraton Baltimore City Center Hotel.
www.ncua.gov/News/Pages/NW20140404LeadershipBootcamp.aspx

April 4, 2014 - Consolidated Reports of Condition and Income for First Quarter 2014.  www.fdic.gov/news/news/financial/2014/fil14014.pdf

April 4, 2014 - Technology Outsourcing: Informational Tools for Community Bankers - The three attached FDIC Technology Outsourcing documents are being re-issued as an informational resource to community banks on how to select service providers, draft contract terms, and oversee multiple service providers when outsourcing for technology products and services. www.fdic.gov/news/news/financial/2014/fil14013.pdf

April 4, 2014 - FDIC Issues List of Banks Examined for CRA Compliance - The Federal Deposit Insurance Corporation today issued its list of state nonmember banks recently evaluated for compliance with the Community Reinvestment Act. The list covers evaluation ratings that the FDIC assigned to institutions in January 2014. www.fdic.gov/news/news/press/2014/pr14023.html

April 4, 2014 - Statistical Release - Minority-Owned Banks.  www.federalreserve.gov/releases/mob/current/default.htm

April 4, 2014 - Credit and Liquidity Programs and the Balance Sheet - Recent balance sheet trends, weekly chart data update.   www.federalreserve.gov/monetarypolicy/bst_recenttrends.htm

April 4, 2014 - Legal Developments - Orders Issued under the Bank Merger Act, Federal Deposit Insurance Act, Federal Reserve Act, and International Banking Act, 2014. www.federalreserve.gov/bankinforeg/legaldevelopments/ordersother2014.htm
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April 4, 2014 - The Federal Financial Institutions Examination Council (FFIEC) issued two joint statements which may be found on the FFIEC Information Technology Handbook InfoBase under the What's New tab, http://ithandbook.ffiec.gov/what%27s-new.aspx.

April 3, 2014 - Gary Whalen Named Deputy Comptroller for Economic and Policy Analysis - The Office of the Comptroller of the Currency announced that Dr. Gary Whalen has been appointed Deputy Comptroller for Economic and Policy Analysis effective April 6, 2014. www.occ.gov/news-issuances/news-releases/2014/nr-occ-2014-52.html

April 3, 2014 - Financial Market Stress Decreases for the First Time in Four Weeks - Financial market stress declined for the first time in four weeks. For the week ending March 28, 2014, the St. Louis Fed Financial Stress Index measured -1.060, down from a revised -1.038 over the previous week. www.stlouisfed.org/newsroom/displayNews.cfm?article=2138

April 3, 2014 - FRB/US Model and Estimated Dynamic Optimization Model.  www.federalreserve.gov/econresdata/workingpapers.htm

April 3, 2014 - The FRB/US Model: A Tool for Macroeconomic Policy Analysis - The FRB/US model of the U.S. economy is one of several that Federal Reserve Board staff consults for forecasting and the analysis of macroeconomic issues, including both monetary and fiscal policy.  www.federalreserve.gov/econresdata/notes/feds-notes/2014/a-tool-for-macroeconomic-policy-analysis.html

April 3, 2014 - Surveys and Reports - Senior Credit Officer Opinion Survey on Dealer Financing Terms - The Senior Credit Officer Opinion Survey on Dealer Financing Terms is a quarterly survey providing information about the availability and terms of credit in securities financing and over-the counter derivatives markets. www.federalreserve.gov/econresdata/releases/scoos.htm

April 3, 2014 - Jeremy C. Stein submits resignation as a member of the Board of Governors, effective May 28, 2014 - Stein, who has been a member of the Board since May 30, 2012, submitted his letter of resignation to President Obama and plans to return to his teaching position in Harvard University's department of economics. www.federalreserve.gov/newsevents/press/other/20140403a.htm

April 3, 2014 - Federal Reserve Board announces termination of enforcement action with Flagler Bank.   www.federalreserve.gov/newsevents/press/enforcement/20140403a.htm

April 3, 2014 - NCUA Charters CommunityWorks Federal Credit Union - First Charter of 2014 Will Expand Access in South Carolina’s Greenville County - Residents of South Carolina’s Greenville County will soon have a new source for affordable financial products and services, CommunityWorks Federal Credit Union, the National Credit Union Administration announced today. www.ncua.gov/News/Pages/NW20140403CommunityWorks.aspx

April 3, 2014 - NCUA - Still Time to Comment on Risk-Based Capital - NCUA to Turn off Risk-Based Calculator at Close of Comment Period - The National Credit Union Administration is reminding parties interested in commenting on the agency’s proposed risk-based capital rule that they have until May 28 to provide those comments. www.ncua.gov/News/Pages/NW20140402RiskBasedCapital.aspx

April 2, 2014 - Update on Financial Conditions - The NFCI neared a 20-year low in early March before edging higher in recent weeks, while the ANFCI continues to indicate that financial conditions are more lax than would typically be suggested by current economic conditions. www.chicagofed.org/webpages/publications/nfci/index.cfm

April 2, 2014 - OCC Hosts Mutual Savings Association Advisory Committee Meeting - The Office of the Comptroller of the Currency today announced it will host a public meeting of the Mutual Savings Association Advisory Committee on Tuesday, April 29, 2014 in Washington, DC. www.occ.gov/news-issuances/news-releases/2014/nr-occ-2014-50.html

April 2, 2014 - Darrin Benhart Named Co-Chair of International Task Force on Prudential Treatment of Assets - The Office of the Comptroller of the Currency today announced that Deputy Comptroller for Credit and Market Risk Darrin Benhart will co-chair the Task Force on Prudential Treatment of Assets of the Basel Committee on Bank Supervision. www.occ.gov/news-issuances/news-releases/2014/nr-occ-2014-51.html

April 2, 2014 - Kansas City Fed announces officer promotion and appointments.  www.kc.frb.org/publicat/newsroom/2014pdf/Press.Release.04.02.14.pdf

April 2, 2014 - The Federal Financial Institutions Examination Council members are issuing statements to notify financial institutions of the risks associated with cyber-attacks on Automated Teller Machine and card authorization systems and the continued distributed denial of service attacks on public-facing websites. 
Press Release: www.ffiec.gov/press/pr040214.htm
Press Release: www.fdic.gov/news/news/financial/2014/fil14010.html
Press Release: www.ncua.gov/News/Pages/NW20140402FFIECJointStatement.aspx
Press Release: http://www.occ.treas.gov/news-issuances/bulletins/2014/bulletin-2014-13.html

April 2, 2014 - The FDIC, as a member of the Federal Financial Institutions Examination Council (FFIEC), has issued the attached statement to notify institutions of the risks associated with the continued distributed denial of service (DDoS) attacks on public-facing Web sites and the steps institutions are expected to take to address the risks posed by such attacks.
Press Release: www.fdic.gov/news/news/financial/2014/fil14011.html
Press Release:  http://www.occ.treas.gov/news-issuances/bulletins/2014/bulletin-2014-14.html

April 2, 2014 - Inference Based on SVARs Identified with Sign and Zero Restrictions: Theory and Applications - Inference Based on SVARs Identified with Sign and Zero Restrictions: Theory and Applications - Jonas E. Arias, Juan F. Rubio-Ramirez, and Daniel F. Waggoner - Are optimism shocks an important source of business cycle fluctuations?  www.federalreserve.gov/pubs/ifdp/2014/1100/ifdp1100.pdf

April 2, 2014 - Tips from TIPS: the informational content of Treasury Inflation-Protected Security prices - Stefania D'Amico, Don H. Kim, and Min Wei - TIPS are notes and bonds issued by the U.S. Treasury with coupons and principal payments indexed to inflation.  www.federalreserve.gov/pubs/feds/2014/201424/201424pap.pdf 

April 2, 2014 - Open Board meeting considering rulemakings on the supplementary leverage ratio - On the day of the meeting, you will be able to view the meeting via webcast from a link available on the Board's public website. You do not need to register to view the webcast of the meeting. A link to the meeting documentation will also be available approximately 20 minutes before the start of the meeting. www.federalreserve.gov/aboutthefed/boardmeetings/20140408open.htm

April 2, 2014 - Survey of Terms of Business Lending - E.2.  www.federalreserve.gov/releases/e2/Default.htm

April 1, 2014 - NCUA Offering Small Dollar Lending Webinar - Learn More about Benefits and Requirements of NCUA’s Alternative Payday Loan - Credit unions can learn how consumer-friendly, low-cost short-term loans can be part of their product mix during a free webinar, “Small Dollar Lending,” offered by the National Credit Union Administration on Wednesday, April 16, 2014, at 2 p.m. Eastern. www.ncua.gov/News/Pages/NW20140401LendingWebinar.aspx

April 1, 2014 - Comptroller Curry Addresses CRA Conference - Comptroller of the Currency Thomas J. Curry addressed the 2014 National Interagency Community Reinvestment Conference today. In his remarks, the Comptroller said “one of the most critical goals at the OCC is to develop and maintain the expertise of our examiners,” to deal with the complexities of compliance and CRA requirements. www.occ.gov/news-issuances/speeches/2014/pub-speech-2014-49.pdf

April 1, 2014 - OCC Releases CRA Evaluations for 28 National Banks and Federal Savings Associations - The Office of the Comptroller of the Currency today released a list of Community Reinvestment Act performance evaluations that became public during the period of March 1, 2014 through March 31, 2014.   www.occ.gov/news-issuances/news-releases/2014/nr-occ-2014-48.html

April 1, 2014 - The Federal Reserve Bank of San Francisco, the Office of the Comptroller of the Currency, and the U.S. Department of the Treasury’s Community Development Financial Institutions Fund Announce the 2014 Community Reinvestment Award Winners.  www.frbsf.org/our-district/press/news-releases/2014/community-reinvestment-award-winners/

April 1, 2014 - Regulatory Reform - Communications with the public through April 1, 2014.  www.federalreserve.gov/newsevents/reform_meetings.htm

April 1, 2014 - Report to the Congress on the Office of Minority and Women Inclusion.  www.federalreserve.gov/publications/minority-women-inclusion/files/omwi-report-20140401.pdf

April 1, 2014 - The Federal Reserve Board on Tuesday announced its approval of the notice under section 4 of the Bank Holding Company Act by PacWest Bancorp, Los Angeles, California, CapGen Capital Group II LP and CapGen Capital Group II LLC, both of New York, New York, to acquire CapitalSource Inc. and thereby indirectly acquire CapitalSource Bank, both of Los Angeles. www.federalreserve.gov/newsevents/press/orders/20140401b.htm

April 1, 2014 - Federal Reserve Board announces approval of application by Umpqua Holdings Corporation - The Federal Reserve Board on Tuesday announced its approval of the application filed by Umpqua Holdings Corporation, Portland, Oregon, to acquire Sterling Financial Corporation and thereby indirectly acquire Sterling Savings Bank, both of Spokane, Washington. www.federalreserve.gov/newsevents/press/orders/20140401a.htm

April 1, 2014 - Federal Reserve Board announces termination of enforcement action with Freedom Bancorporation, Inc. www.federalreserve.gov/newsevents/press/enforcement/20140401a.htm