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R. Kinney Williams
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The E-mail Banking News
(Bank Regulatory News)

April 201
7

Yennik, Inc. has clients in 43 states that rely on our cybersecurity audits to ensure proper Internet security settings and to meet the independent diagnostic test requirements of FDIC, OCC, FRB, and NCUA, which provides compliance with Gramm-Leach Bliley Act 501(b) s well as the penetration study complies with the FFIEC Cybersecurity Assessment Tool regarding resilience testing The cybersecurity penetration audit and Internet security testing is an affordable-sophisticated process than goes far beyond the simple scanning of ports.  The audit focuses on a hacker's perspective, which will help you identify real-world cybersecurity weaknesses.  For more information, give R. Kinney Williams a call today at 806-798-7119 or visit http://www.internetbankingaudits.com/.

April 27, 2017 - Tracking Detroit’s Economic Recovery After Bankruptcy with a New Index By Scott A. Brave , Paul Traub - This article presents evidence that Detroit’s economy is doing noticeably better than before the city filed for bankruptcy in July 2013. In order to track the city’s economic recovery following its bankruptcy, we use a new index that quantifies Detroit’s overall economic performance from 1998 to the present. www.chicagofed.org/publications/chicago-fed-letter/2017/376

April 27, 2017 - Chicago Fed President Charles Evans discusses the economy's performance in 2016. www.chicagofed.org/publications/annual-report/2016-annual-report

April 27, 2017 - OCC Hosts Risk Governance and Compliance Workshops in Oklahoma - The Office of the Comptroller of the Currency will host two workshops in Oklahoma City at the Aloft Oklahoma City Downtown-Bricktown, June 6-7, for directors of national community banks and federal savings associations supervised by the OCC. www.occ.gov/news-issuances/news-releases/2017/nr-occ-2017-47.html

April 26, 2017 - St. Louis Fed’s Louisville Branch Helps Teach Children to Save - The Louisville Branch of the Federal Reserve Bank of St. Louis is proud to participate in Teach Children to Save Day as part of Financial Literacy Month. www.stlouisfed.org/news-releases/2017/04/26/st-louis-fed-louisville-branch-helps-teach-children-to-save

April 26, 2017 - Federal Reserve Board announces approval of application by Community Bank System, Inc. - The Federal Reserve Board on Wednesday announced its approval of the application under section 3 of the Bank Holding Company Act of 1956 by Community Bank System, Inc., DeWitt, New York, to acquire Merchants Bancshares, Inc., South Burlington, Vermont. www.federalreserve.gov/newsevents/pressreleases/orders20170426a.htm

April 25, 2017 - OCC Fines U.S. Bank National Association $15 Million for Bankruptcy Filing Violations - The Office of the Comptroller of the Currency today assessed a $15 million civil money penalty against U.S. Bank National Association for bankruptcy filing violations. www.occ.gov/news-issuances/news-releases/2017/nr-occ-2017-46.html

April 25, 2017 - NCUA Grants Firefighters First a Federal Charter - The National Credit Union Administration has granted a federal charter and Share Insurance Fund coverage to Firefighters First Federal Credit Union of Los Angeles. www.ncua.gov/newsroom/Pages/news-2017-april-ncua-grants-charter.aspx

April 25, 2017 - Notice of a Meeting under Expedited Procedures - A closed meeting of the Board of Governors of the Federal Reserve System was held at 10:00 AM on April 25, 2017. Matter considered: Periodic Briefing and Discussion on Financial Markets, Institutions, and Infrastructure. www.federalreserve.gov/aboutthefed/boardmeetings/20170425closed.htm

April 24, 2017 - Chicago Fed National Activity Index - Index points to slower economic growth in March - Led by slower growth in employment-related indicators, the Chicago Fed National Activity Index (CFNAI) moved down to +0.08 in March from +0.27 in February. www.chicagofed.org/~/media/publications/cfnai/2017/cfnai-april2017-pdf.pdf

April 24, 2017 - OCC Hosts Mutual Savings Association Advisory Committee Meeting May 9 - The Office of the Comptroller of the Currency today announced it will host a public meeting of the Mutual Savings Association Advisory Committee Tuesday, May 9, 2017, beginning at 8:30 a.m. Eastern Daylight Time. www.occ.gov/news-issuances/news-releases/2017/nr-occ-2017-45.html

April 24, 2017 - FDIC Advisory Committee on Economic Inclusion to Meet This Week - The Federal Deposit Insurance Corporation Advisory Committee on Economic Inclusion will meet on Thursday, April 27 to discuss measures banks may consider to reach underserved populations, such as collaborations with community-based organizations; resources for affordable mortgage lending; and new research that may be used to more effectively target resources to promote broader access to bank branches in underserved neighborhoods.  www.fdic.gov/news/news/press/2017/pr17031.html

April 24, 2017 - Notice of a Meeting under Expedited Procedures - A closed meeting of the Board of Governors of the Federal Reserve System was held at 11:15 AM on April 24, 2017. Matter considered: Review and determination by the Board of Governors of the advance and discount rates to be charged by the Federal Reserve Banks. www.federalreserve.gov/aboutthefed/boardmeetings/20170424closed.htm

April 24, 2017 - Agencies announce Wells Fargo has remediated resolution plan deficiencies - The Federal Deposit Insurance Corporation and the Federal Reserve Board on Monday announced that Wells Fargo had adequately remediated the deficiencies in its 2015 resolution plan.
Press Release: www.federalreserve.gov/newsevents/pressreleases/bcreg20170424a.htm
Press Release: www.fdic.gov/news/news/press/2017/pr17032.html

April 21, 2017 - Pipeline Risk in Leveraged Loan Syndication - Max Bruche, Frederic Malherbe, and Ralf R. Meisenzahl. www.federalreserve.gov/econres/feds/files/2017048pap.pdf

April 21, 2017 - The Cyclical Behavior of Unemployment and Wages under Information Frictions - www.federalreserve.gov/econres/feds/files/2017047pap.pdf

April 21, 2017 - Advance Notice of a Meeting under Expedited Procedures - A closed meeting of the Board of Governors of the Federal Reserve System will be held under expedited procedures at 10:00 a.m. on April 25, 2017. Matter to be considered: Periodic Briefing and Discussion on Financial Markets, Institutions, and Infrastructure. www.federalreserve.gov/aboutthefed/boardmeetings/20170425closed.htm

April 21, 2017 - Credit and Liquidity Programs and the Balance Sheet - Recent balance sheet trends, weekly chart update.  www.federalreserve.gov/monetarypolicy/bst_recenttrends.htm

April 21, 2017 - Advisory Council - Record of the Meeting of the Community Depository Institutions Advisory Council - Community Depository Institutions Advisory Council - 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. www.federalreserve.gov/aboutthefed/cdiac.htm
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April 20, 2017 - OCC Enforcement Actions and Terminations for April 2017 - The Office of the Comptroller of the Currency 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/2017/nr-occ-2017-44.html

April 20, 2017 - St. Louis Fed Annual Report: Economic Literacy for Life - The new annual report “Economic Literacy for Life: Today’s Lessons = Tomorrow’s Financial Stability and Success” includes the following articles: www.stlouisfed.org/news-releases/2017/04/20/st-louis-fed-annual-report-economic-literacy-for-life

April 20, 2017 - Job Reallocation and Unemployment in Equilibrium - Alison Weingarden - Job reallocation in the U.S.– the sum of job creation and job destruction across employers– has been declining over several decades. www.federalreserve.gov/econres/notes/feds-notes/job-reallocation-and-unemployment-in-equilibrium-20170420.htm

April 20, 2017 - Advance Notice of a Meeting under Expedited Procedures - A closed meeting of the Board of Governors of the Federal Reserve System will be held under expedited procedures at 12:00 p.m. on April 24, 2017. www.federalreserve.gov/aboutthefed/boardmeetings/20170424closed.htm

April 20, 2017 - The Effect of the Federal Reserve’s Securities Holdings on Longer-term Interest Rates - Brian Bonis, Jane Ihrig, Min Wei1 - In an effort to promote more accommodative financial conditions following the financial crisis of 2008 and the ensuing recession.  www.federalreserve.gov/econres/notes/feds-notes/effect-of-the-federal-reserves-securities-holdings-on-longer-term-interest-rates-20170420.htm

April 20, 2017 - Brief remarks by Governor Powell Governor Jerome H. Powell at The Global Finance Forum, Washington, D.C. www.federalreserve.gov/newsevents/speech/powell20170420a.htm

April 20, 2017 - NCUA - Share Insurance, Stabilization Funds Solid - Board Approves Illinois’ Request to Revise Its Member Business Lending Rule - The National Credit Union Administration Board held its third open meeting of 2017 at the agency’s headquarters here today and unanimously approved one item: www.ncua.gov/newsroom/Pages/news-2017-april-share-insurance-stabilization-funds-solid.aspx

April 19, 2017 - Chicago Fed Survey of Business Conditions - Survey shows growth increased in late February and March - The Chicago Fed Survey of Business Conditions Activity Index increased to +13 from +6, suggesting that growth in economic activity stayed at a moderate pace in late February and March. www.chicagofed.org/~/media/publications/cfsbc/2017/cfsbc-april2017-pdf.pdf

April 19, 2017 - Beige Book - Informal review by the Federal Reserve Banks of current economic conditions in their Districts - Commonly known as the Beige Book, this report is published eight times per year. Each Federal Reserve Bank gathers anecdotal information on current economic conditions in its District through reports from Bank and Branch directors and interviews with key business contacts, economists, market experts, and other sources. www.federalreserve.gov/monetarypolicy/files/Beigebook_20170419.pdf

April 19, 2017 - Speech by Vice Chairman Fischer on international effects of recent policy tightening - At The IBRN-IMF conference: The Transmission of Macroprudential and Monetary Policies Across Borders, Washington, D.C. www.federalreserve.gov/newsevents/speech/fischer20170419a.htm

April 18, 2017 - The Fed and the Economy in Oklahoma City By Chad Wilkerson Oklahoma City Branch Executive and Economist Federal Reserve Bank of Kansas City.   www.kansascityfed.org/~/media/files/publicat/speeches/2017/2017-wilkerson-rotary-club-04-17.pdf

April 18, 2017 - On the Path of Monetary Policy Normalization By Esther George President and Chief Executive Officer Federal Reserve Bank of Kansas City.   www.kansascityfed.org/~/media/files/publicat/speeches/2017/2017-george-ny-4-18.pdf 

April 18, 2017 - Notice of a Meeting under Expedited Procedures - A closed meeting of the Board of Governors of the Federal Reserve System was held at 4:00 p.m. on April 18, 2017. Matter considered: Supervisory Update. www.federalreserve.gov/aboutthefed/boardmeetings/20170418closed.htm

April 18, 2017 - Payment Systems - Quarterly Data: $1 Coin Quarterly Inventories, Payments, and Receipts.  www.federalreserve.gov/paymentsystems/coin_dollarcoin.htm

April 18, 2017 - Statistical Release - Industrial Production and Capacity Utilization - G.17 - Industrial production increased 0.5 percent in March after moving up 0.1 percent in February. www.federalreserve.gov/releases/g17/Current/default.htm

April 17, 2017 - Speech by Vice Chairman Fischer on monetary policy expectations and surprises - Vice Chairman Stanley.   www.federalreserve.gov/newsevents/speech/fischer20170417a.htm

April 17, 2017 - OCC Hosts Credit Risk and Operational Risk Workshops in San Antonio - The Office of the Comptroller of the Currency will host two workshops at the Crowne Plaza San Antonio Airport in San Antonio, Texas, May 23-24, for directors of national community banks and federal savings associations supervised by the OCC. www.occ.gov/news-issuances/news-releases/2017/nr-occ-2017-43.html

April 14, 2017 - Advance Notice of a Meeting under Expedited Procedures - A closed meeting of the Board of Governors of the Federal Reserve System will be held under expedited procedures at 4:00 p.m. on April 18, 2017. Matter to be considered: Supervisory Matter. www.federalreserve.gov/aboutthefed/boardmeetings/20170418closed.htm

April 14, 2017 - Credit and Liquidity Programs and the Balance Sheet - Recent balance sheet trends, weekly chart update. www.federalreserve.gov/monetarypolicy/bst_recenttrends.htm

April 13, 2017 - NCUA - Shreveport Federal Credit Union Conserved - Member Deposits Insured up to $250,000; Member Services Uninterrupted - The National Credit Union Administration today placed Shreveport Federal Credit Union, in Shreveport, Louisiana, into conservatorship. www.ncua.gov/newsroom/Pages/news-2017-april-shreveport-fcu-conserved.aspx
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April 13, 2017 - National Financial Conditions Index - The Chicago Fed’s National Financial Conditions Index provides a comprehensive weekly update on U.S. financial conditions in money markets, debt and equity markets and the traditional and “shadow” banking systems. www.chicagofed.org/publications/nfci/index

April 13, 2017 - OCC Announces One-on-One Industry Meetings As Part of Office of Innovation Office Hours - The Office of the Comptroller of the Currency announced its Office of Innovation will host two days of office hours for national banks, federal savings associations, and financial technology companies wishing to discuss the OCC’s perspective on responsible innovation. www.occ.gov/news-issuances/news-releases/2017/nr-occ-2017-42.html

April 13, 2017 - NCUA - Shreveport Federal Credit Union Conserved - Member Deposits Insured up to $250,000; Member Services Uninterrupted - The National Credit Union Administration today placed Shreveport Federal Credit Union, in Shreveport, Louisiana, into conservatorship. www.ncua.gov/newsroom/Pages/news-2017-april-shreveport-fcu-conserved.aspx

April 12, 2017 - Proposal to approve under OMB delegated authority the extension for three years, with revision, of the following report: Survey of Small Business and Farm Lending - The Board has requested public comment on the proposals listed below. Comments can be submitted through this web site using the "Submit comment" links. Comments may also be submitted in writing or by electronic mail. www.federalreserve.gov/apps/foia/proposedregs.aspx 

April 11, 2017 - The Event-Study Activity Puzzle By Jeffrey R. Campbell , Jonas D. M. Fisher , Alejandro Justiniano , Leonardo Melosi - If news of higher future interest rates reflects a shift in the stance of monetary policy, then we expect it to lower projections for real gross domestic product growth and raise projections for unemployment. www.chicagofed.org/publications/economic-perspectives/2017/3

April 11, 2017 - Understanding Global Trends in Long-run Real Interest Rates By Kei-Mu Yi , Jing Zhang - Real, or inflation-adjusted, interest rates may well be the most important prices for any nation’s economy. www.chicagofed.org/publications/economic-perspectives/2017/2-yi-zhang

April 11, 2017 - Federal Reserve Banks Release First-Ever National Findings from the Small Business Credit Survey - 2016 Small Business Report Covering All 50 States Reveals Significant Credit Challenges and the Critical Role of Personal Finances.  www.stlouisfed.org/news-releases/2017/04/11/federal-reserve-banks-release-first-ever-national-findings-from-the-small-business-credit-survey

April 11, 2017 - The Display of Information and Household Investment Behavior - Maya Shaton Abstract: I exploit a natural experiment to show that household investment decisions depend on the manner in which information is displayed. Israeli retirement funds were prohibited from displaying returns for periods shorter than twelve months. www.federalreserve.gov/econres/feds/files/2017043pap.pdf

April 11, 2017 - Divest, Disregard, or Double Down? - Brigitte Roth Tran - How much, if at all, should an endowment invest in a firm whose activities run counter to the charitable missions the endowment funds? https://www.federalreserve.gov/econres/feds/files/2017042pap.pdf

April 11, 2017 - Private Money Creation with Safe Assets and Term Premia - Sebastian Infante - It has been documented that an increase in the demand for safe assets induces the private sector to create more money-like claims. www.federalreserve.gov/econres/feds/files/2017041pap.pdf

April 11, 2017 - Corporate Buybacks and Capital Investment: An International Perspective - Joseph W. Gruber and Steven B. Kamin - In recent years, a great deal of attention has been paid in the United States to the simultaneous occurrence of relatively weak corporate capital investment (especially at this point in the business cycle) and historically elevated net share buybacks. www.federalreserve.gov/econres/notes/ifdp-notes/corporate-buybacks-and-capital-investment-an-international-perspective-20170411.htm

April 11, 2017 - Minutes of the Board's discount rate meetings from February 13 through March.  www.federalreserve.gov/newsevents/pressreleases/monetary20170411a.htm

April 11, 2017 - Federal Reserve Board announces termination of enforcement action with the Baraboo Bancorporation, Inc. www.federalreserve.gov/newsevents/pressreleases/enforcement20170411a.htm 

April 11, 2017 - NCUA Warns of Fake Check Scams - Consumers Should Be Vigilant and Avoid Depositing Checks from Unknown Parties - Consumers should be on the lookout for fake check scams, the National Credit Union Administration warned today after receiving numerous inquiries from consumers. www.ncua.gov/newsroom/Pages/news-2017-april-check-scams.aspx

April 10, 2017 - Statistical Release - Survey of Terms of Business Lending - E.2 - These data are collected during the middle month of each quarter and are released in the middle of the succeeding month.  www.federalreserve.gov/releases/E2/default.htm

April 10, 2017 - FOIA - Chair Yellen's calendar, February 2017.  www.federalreserve.gov/foia/chairscalendar-022017.htm

April 9, 2017 - St. Louis Fed's Bullard Discusses the U.S. Macroeconomic Outlook - Australia – Federal Reserve Bank of St. Louis President James Bullard addressed “The U.S. Macroeconomic Outlook” during Monday’s International Distinguished Lecture at the Australian Centre for Financial Studies. www.stlouisfed.org/news-releases/2017/04/10/bullard-discusses-macro-outlook

April 7, 2017 - NCUA Schedules Special Closed Board Meeting - The National Credit Union Administration Board has scheduled a special closed meeting for Wednesday, April 12, 2017, beginning at 1 p.m. www.ncua.gov/newsroom/Pages/news-2017-april-closed-board-meeting.aspx

April 7, 2017 - NCUA - April 18 Twitter Chat Will Focus on Personal Finances - Join the #NCUAChat Conversation to Hear About Improving Financial Well-Being - Personal finances and building financial security will be the focus of the National Credit Union Administration’s April 18 Twitter chat, part of the agency’s activities during Financial Capability Month. www.ncua.gov/newsroom/Pages/news-2017-april-twitter-chat-focus-personal-finances.aspx

April 7, 2017 - FDIC to Host Economic Inclusion Summit in Arlington, Virginia - "Strategies to Bring Consumers into the Financial Mainstream" - The Federal Deposit Insurance Corporation will host an Economic Inclusion Summit on Wednesday, April 26, to discuss "Strategies to Bring Consumers into the Financial Mainstream." www.fdic.gov/news/news/press/2017/pr17030.html

April 7, 2017 - Measuring Firm-Level Uncertainty - Maria D. Tito - Ample empirical research documents the negative effect of uncertainty on economic activity. Unexpected changes in macroeconomic conditions or doubts about the direction of future policy tend to be associated with lower capital investments, reduced hiring, and slower consumer spending. www.federalreserve.gov/econres/notes/feds-notes/measuring-firm-level-uncertainty-20170407.htm

April 7, 2017 - Legal Interpretations - Bank Holding Companies/Savings and Loan Holding Companies/Change in Control - 2017 Letters.   www.federalreserve.gov/supervisionreg/legalinterpretations/bhc_changeincontrol2017.htm

April 7, 2017 - Manuals - Bank Holding Company Supervision Manual - Provides guidance for conducting inspections of bank holding companies and their nonbank subsidiaries. www.federalreserve.gov/publications/supervision_bhc.htm

April 7, 2017 - Statistical Release - Consumer Credit - G.19 - In February, consumer credit increased at a seasonally adjusted annual rate of 4-3/4 percent. Revolving credit increased at an annual rate of 3-1/2 percent, while nonrevolving credit increased at an annual rate of 5-1/4 percent. www.federalreserve.gov/releases/g19/current/default.htm
 
April 7, 2017 - Credit and Liquidity Programs and the Balance Sheet - Recent balance sheet trends, weekly chart update. www.federalreserve.gov/monetarypolicy/bst_recenttrends.htm

April 7, 2017 - Federal Reserve Board announces approval of applications by United Bankshares, Inc., UBV Holding Company, LLC, and United Bank - The Federal Reserve Board on Friday announced its approval of the applications under section 3 of the Bank Holding Company Act by United Bankshares, Inc., Charleston, West Virginia, and UBV Holding Company, LLC, Fairfax, Virginia, to acquire Cardinal Financial Corporation and thereby indirectly acquire Cardinal Bank, both of McLean, Virginia. www.federalreserve.gov/newsevents/pressreleases/orders20170407a.htm
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April 6, 2017 - Emerging Trends in the U.S. and Kansas Economies By Alison Felix Economist & Branch Executive Federal Reserve Bank of Kansas City Denver Branch.   www.kansascityfed.org/~/media/files/publicat/speeches/2017/2017-felix-manhattanrotary-04-06.pdf

April 6, 2017 - Why Community Banks Matter - By Esther George President and Chief Executive Officer Federal Reserve Bank of Kansas City.   www.kansascityfed.org/~/media/files/publicat/speeches/2017/2017-george-nyfed-4-6.pdf   

April 6, 2017 - FDIC Announces a New Resource to Help Community Bankers Understand Products and Programs Offered by the Federal Home Loan Banks - The Federal Deposit Insurance Corporation published a new guide to help community bankers learn more about the programs and products offered by the Federal Home Loan Banks to facilitate mortgage lending. www.fdic.gov/news/news/press/2017/pr17029.html

April 6, 2017 - Federal Reserve Board announces termination of enforcement action with Devon Bancorp, Inc. www.federalreserve.gov/newsevents/pressreleases/enforcement20170406a.htm

April 5, 2017 - New NCUA Videos Show How to Run Effective Credit Union Board Meetings - The National Credit Union Administration today released its new video series, “Effective Board Meetings,” aimed at helping credit union directors make the best use of their meetings. www.ncua.gov/newsroom/Pages/news-2017-april-board-videos.aspx

April 5, 2017 - Comptroller Voices Support for Minority Depository Institutions - Comptroller of the Currency Thomas J. Curry today discussed the Office of the Comptroller of the Currency’s support for minority depository institutions and community development financial institutions during remarks at the 2017 Interagency Minority Depository Institutions and Community Development Financial Institutions Conference. www.occ.gov/news-issuances/speeches/2017/pub-speech-2017-41.pdf

April 5, 2017 - 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 2017. www.fdic.gov/news/news/press/2017/pr17028.html

April 5, 2017 - Welcoming remarks by Governor Powell - At "Expanding the Impact: Increasing Capacity and Influence," the 2017 Interagency Minority Depository Institution and Community Development Financial Institution Bank National Conference, Los Angeles, California. www.federalreserve.gov/newsevents/speech/powell20170405a.htm

April 5, 2017 - Minutes of the Federal Open Market Committee, March 14-15, 2017 - A summary of economic projections made by Federal Reserve Board members and Reserve Bank presidents for the meeting is also included as an addendum to these minutes. www.federalreserve.gov/newsevents/pressreleases/monetary20170405a.htm

April 4, 2017 - Looking for Progress in America's Smaller Legacy Cities: A Report for Place-based Funders - Place-based funders can play an important role in connecting economic growth to economic opportunity.  www.chicagofed.org/region/community-development/community-economic-development/looking-for-progress-report

April 4, 2017 - OCC Hosts Risk Governance and Credit Risk Workshops in Des Moines - The Office of the Comptroller of the Currency will host two workshops at the Holiday Inn Des Moines Downtown-Mercy Area, Des Moines, Iowa, May 9-10, for directors of national community banks and federal savings associations supervised by the OCC. www.occ.gov/news-issuances/news-releases/2017/nr-occ-2017-40.html

April 4, 2017 - OCC Releases CRA Evaluations for 31 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, 2017 through March 31, 2017. www.occ.gov/news-issuances/news-releases/2017/nr-occ-2017-39.html

April 4, 2017 - Kansas City Fed to Add Jobs at Omaha Branch - The Federal Reserve Bank of Kansas City will grow its workforce in its Omaha Branch to support its financial services work on behalf of the U.S. Treasury Department. www.kansascityfed.org/~/media/files/publicat/newsroom/2017/pressreleaseomaha040417.pdf

April 4, 2017 - Consolidated Reports of Condition and Income for First Quarter 2017 - The attached materials pertain to the Consolidated Reports of Condition and Income for the March 31, 2017, report date. www.fdic.gov/news/news/financial/2017/fil17014.html

April 4, 2017 - Reputation and Investor Activism - Travis L. Johnson and Nathan Swem - We show that an activist's reputation is a critical determinant of the success of their campaigns. We model reputation as target managers' belief about the activist's willingness to initiate a proxy fight. www.federalreserve.gov/econres/feds/files/2017036pap.pdf
 
April 4, 2017 - The Household Expenditure Response to a Consumption Tax Rate Increase - David Cashin - This study measures the effect of an increase in Japan's Value Added Tax rate on the timing of household expenditures and consumption, which do not necessarily coincide. www.federalreserve.gov/econres/feds/files/2017035pap.pdf

April 4, 2017 - Departing Thoughts - Governor Daniel K. Tarullo At The Woodrow Wilson School, Princeton University, Princeton, New Jersey.   www.federalreserve.gov/newsevents/speech/tarullo20170404a.htm

April 4, 2017 - Federal Reserve is committed to maintaining the security of confidential FOMC information - The Federal Reserve is committed to maintaining the security of confidential FOMC information. www.federalreserve.gov/newsevents/pressreleases/other20170404b.htm

April 4, 2017 - Federal Reserve Board accepting applications for its Community Advisory Council - The Federal Reserve Board announced on Tuesday that it is accepting applications from individuals who wish to be considered for membership on the Community Advisory Council. www.federalreserve.gov/newsevents/pressreleases/other20170404a.htm

April 3, 2017 - 2016 OMWI Annual Report Now Online - Report to the Congress on the Office of Minority and Women Inclusion.  www.chicagofed.org/~/media/others/utilities/about-us/csr/2016-omwi-annual-report-chicago-pdf.pdf 

April 3, 2017 - The Federal Financial Institutions Examination Council published a Press Release announcing today the reappointments of Greg Gonzales, Mary Hughes, and Caroline Jones to the Council's State Liaison Committee.  www.ffiec.gov/press/pr040317.htm

April 3, 2017 - FDIC Highlights Free Financial Education Tools During National Financial Capability Month - In recognition of National Financial Capability Month, the FDIC is highlighting the financial education tools it has developed to help people of all ages build their financial knowledge and skills to achieve brighter financial futures. www.fdic.gov/news/news/press/2017/pr17027.html

April 3, 2017 - Robustness of long-maturity term premium estimates - Canlin Li, Andrew Meldrum and Marius Rodriguez - In order to shed light on the reasons for movements in Treasury yields, we often decompose yields into the expected path of the federal funds rate and an additional term premium, which compensates investors in long-term bonds for interest rate risk. www.federalreserve.gov/econres/notes/feds-notes/robustness-of-long-maturity-term-premium-estimates-20170403.htm

April 3, 2017 - Statistical Release - Foreign Exchange Rates - G.5 - The table below shows the average rates of exchange in MARCH 2017 together with comparable figures for other months. Averages are based on daily noon buying rates for cable transfers in New York City certified for customs purposes by the Federal Reserve Bank of New York. www.federalreserve.gov/releases/g5/current/default.htm

April 3, 2017 - An Empirical Economic Assessment of the Costs and Benefits of Bank Capital in the US - Simon Firestone, Amy Lorenc and Ben Ranish - We evaluate the economic costs and benefits for bank capital levels in the United States. www.federalreserve.gov/econres/feds/files/2017034pap.pdf

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