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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
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:
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
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.
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.
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.
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.
April 29, 2014 - Federal Reserve Board announces termination of
enforcement actions with Cornerstone Bancorp, Liberty Bancorp,
and Liberty Bank.
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.
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.
April 28, 2014 - Midwest Economic Growth Near Average in March -
The Midwest Economy Index was –0.02 in March, down from +0.05 in
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
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
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
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.
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.
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.
April 25, 2014 - Credit and Liquidity Programs and the Balance
Sheet - Recent balance sheet trends, weekly chart data update.
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.
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.
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.
April 23, 2014 - Federal Reserve Board announces termination of
enforcement actions with Farmers Bancorporation, Inc. and Great
River Holding company.
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.
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.
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
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.
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
April 22, 2014 - Legal Interpretations - Bank Holding
Companies/Savings and Loan Holding Companies/Change in Control.
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.
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.
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.
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.
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
April 21, 2014 - Statistical Release - Finance Companies - G.20.
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.
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,
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.
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.
April 18, 2014 - Credit and Liquidity Programs and the Balance
Sheet - Recent balance sheet trends, weekly chart data update.
April 18, 2014 - Revised Interagency Large Institution CRA
Examination Procedures and Consolidation of Interagency CRA
Examination Procedures and Supporting Materials.
April 18, 2014 - Federal Reserve Board announces approval of
application by The Joyo Bank, Ltd.
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.
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.
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.
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.
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.
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
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
April 16, 2014 - Beige Book - Informal review by the Federal
Reserve Banks of current economic conditions in their Districts.
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.
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.
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
April 16, 2014 - Chair Janet L. Yellen - Monetary Policy and the
Economic Recovery - At the Economic Club of New York, New York,
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.
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.
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.
April 15, 2014 - Chair Janet L. Yellen - Opening Remarks - At
the Federal Reserve Bank of Atlanta's 2014 Financial Markets
Conference, Atlanta, Georgia.
April 15, 2014 - Minutes of the Board's discount rates meeting
from February 10 through March 17, 2014.
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.
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
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.
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.
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.
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
April 11, 2014 - Credit and Liquidity Programs and the Balance
Sheet - Recent balance sheet trends, weekly chart data update.
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.
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.
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.
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.
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.
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.
April 10, 2014 - Federal Reserve Board issues enforcement action
with NBRS Financial Bank.
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.
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.
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.
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.
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.
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.
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.
April 9, 2014 - Minutes of the Federal Open Market Committee,
March 18-19, 2014.
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.
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
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.
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.
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.
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.
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.
April 8, 2014 - Scott G. Alvarez, General Counsel - Regulatory
Rulemakings - Before the Committee on Financial Services, U.S.
House of Representatives, Washington, D.C.
April 8, 2014 - Agencies adopt enhanced supplementary leverage
ratio final rule and issue supplementary leverage ratio notice
of proposed rulemaking.
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.
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.
April 7, 2014 - Payment Systems - Peak and Average Daylight
Overdrafts, Quarterly Data Updates.
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.
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.
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.
April 4, 2014 - Keeping Banking Competitive - Chicago Fed Letter
describes how proposed bank mergers and acquisitions are
evaluated for antitrust concerns.
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
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
April 4, 2014 - Consolidated Reports of Condition and Income for
First Quarter 2014.
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.
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
April 4, 2014 - Statistical Release - Minority-Owned Banks.
April 4, 2014 - Credit and Liquidity Programs and the Balance
Sheet - Recent balance sheet trends, weekly chart data update.
April 4, 2014 - Legal Developments - Orders Issued under the
Bank Merger Act, Federal Deposit Insurance Act, Federal Reserve
Act, and International Banking Act, 2014.
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,
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.
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.
April 3, 2014 - FRB/US Model and Estimated Dynamic Optimization
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.
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
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
April 3, 2014 - Federal Reserve Board announces termination of
enforcement action with Flagler Bank.
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.
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.
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.
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.
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.
April 2, 2014 - Kansas City Fed announces officer promotion and
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
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.
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?
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
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.
April 2, 2014 - Survey of Terms of Business Lending - E.2.
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.
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
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.
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
April 1, 2014 - Regulatory Reform - Communications with the
public through April 1, 2014.
April 1, 2014 - Report to the Congress on the Office of Minority
and Women Inclusion.
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.
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.
April 1, 2014 - Federal Reserve Board announces termination of
enforcement action with Freedom Bancorporation, Inc.