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August 31, 2015 - Midwest Economic Growth Slowed in July - The
Midwest Economy Index was -0.12 in July, down from a neutral
reading in June.
www.chicagofed.org/publications/mei/index
August 31, 2015 - NCUA - Matz to Seek Comments on Overhead
Transfer Rate, Operating Fee Methodologies - The National Credit
Union Administration will formally invite credit union
stakeholders and the public to comment on the methodologies for
calculating both the overhead transfer rate and the federal
credit union operating fee, NCUA Board Chairman Debbie Matz
announced today.
www.ncua.gov/News/Pages/NW20150831OTR.aspx
August 31, 2015 - NCUA Issues Prohibition Orders - The National
Credit Union Administration has issued two orders in August
prohibiting the following individuals from participating in the
affairs of any federally insured financial institution:
www.ncua.gov/News/Pages/NW20150831Orders.aspx
August 31, 2015 - OCC Issues Fourth Quarter 2015 CRA Evaluation
Schedule - The Office of the Comptroller of the Currency today
released its schedule of Community Reinvestment Act evaluations
to be conducted in the fourth quarter of 2015.
www.occ.gov/news-issuances/news-releases/2015/nr-occ-2015-121.html
August 31, 2015 - Deputy Comptroller Discusses Compliance,
Cybersecurity, and Innovation - Deputy Comptroller for
Compliance Operations and Policy Grovetta Gardineer today
discussed compliance challenges facing banks serving members of
the U.S. armed forces, cybersecurity, and responsible
innovation. She delivered her remarks as a keynote of the 2015
Association of Military Banks of America’s 2015 Fall Workshop.
www.occ.gov/news-issuances/news-releases/2015/nr-occ-2015-120.html
August 31, 2015 - Carol K. Nelson Appointed to Seattle Branch
Federal Reserve Board - The Federal Reserve Bank of San
Francisco has appointed Carol K. Nelson, Pacific region
executive and Seattle market president of Cleveland-based
KeyBank to the Seattle Branch board of directors.
www.frbsf.org/our-district/press/news-releases/2015/carol-k-nelson-appointed-to-seattle-branch-federal-reserve-board/
August 31, 2015 - FDIC Issues Fourth Quarter 2015 CRA
Examination Schedule - The Federal Deposit Insurance Corporation
has issued the public list of institutions that it has scheduled
for a Community Reinvestment Act examination during the fourth
quarter of 2015. This list is published pursuant to revised CRA
regulations published in May 1995 that require each federal bank
and thrift regulator to publish a quarterly CRA examination
schedule at least 30 days before the beginning of each quarter.
www.fdic.gov/news/news/press/2015/pr15070.html
August 31, 2015 - Innovation, investor sentiment, and firm-level
experimentation - Sirio Aramonte - Due to frictions like
informational externalities, firms invest too little in learning
the productivity of newly available technologies through
small-scale experimentation.
www.federalreserve.gov/econresdata/feds/2015/files/2015067pap.pdf
August 31, 2015 - Federal Reserve Board announces approval of
applications by Auburn State Bank - The Federal Reserve Board on
Monday announced its approval of the applications under section
18(c) of the Federal Deposit Insurance Act and section 9 of the
Federal Reserve Act by Auburn State Bank to merge with The
Carson National Bank of Auburn, both of Auburn, Nebraska, and to
establish a branch at the location of The Carson National Bank
of Auburn.
www.federalreserve.gov/newsevents/press/orders/20150831a.htm
August 29, 2015 - Vice Chairman Stanley Fischer - U.S. Inflation
Developments - At the Federal Reserve Bank of Kansas City
Economic Symposium, Jackson Hole, Wyoming.
www.federalreserve.gov/newsevents/speech/fischer20150829a.htm
August 28, 2015 - NCUA Charters Redeemer Federal Credit Union -
Fourth 2015 Charter Will Support a Growing Religious Community -
Redeemer Federal Credit Union today became the fourth new
federally chartered credit union of 2015.
www.ncua.gov/News/Pages/NW20150828RedeemerFCU.aspx
August 28, 2015 - FDIC Makes Public July Enforcement Actions;
One Administrative Hearing Scheduled for September 2015 - The
Federal Deposit Insurance Corporation today released a list of
orders of administrative enforcement actions taken against banks
and individuals in July. One administrative hearing is scheduled
for September 2015.
www.fdic.gov/news/news/press/2015/pr15069.html
August 28, 2015 - Advanced 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 1:30 PM on September 1, 2015.
www.federalreserve.gov/aboutthefed/boardmeetings/20150901advexp.htm
August 28, 2015 - Credit and Liquidity Programs and the Balance
Sheet - Recent balance sheet trends, weekly chart update - Since
the beginning of the financial market turmoil in August 2007,
the Federal Reserve's balance sheet has grown in size and has
changed in composition.
www.federalreserve.gov/monetarypolicy/bst_recenttrends.htm
August 28, 2015 - Statistical Release - Finance Companies -
G.20.
www.federalreserve.gov/releases/g20/current/
August 28, 2015 - Off-Balance Sheet Items of Depository
Institutions in the Enhanced Financial Accounts - Ralf R.
Meisenzahl - The Enhanced Financial Accounts initiative is an
ambitious, long-term effort to augment the Financial Accounts of
the United States with a more detailed picture of financial
intermediation in the United States
www.federalreserve.gov/econresdata/notes/feds-notes/2015/off-balance-sheet-items-of-depository-institutions-in-the-enhanced-financial-accounts-20150828.html
August 28, 2015 - Launching the Enhanced Financial Accounts -
Paul Smith - As described in an earlier FEDS Note, the Federal
Reserve Board has begun an ambitious and long-term effort to
enhance the Financial Accounts of the United States by providing
additional detail and disaggregation, higher frequency data, and
additional documentation and analysis of financial data, in
order to improve our picture of financial intermediation and
activity in the United States.
www.federalreserve.gov/econresdata/notes/feds-notes/2015/launching-the-enhanced-financial-accounts-20150828.html
____________________
August 28, 2015 - FDIC Makes Public July Enforcement Actions -
The Federal Deposit Insurance Corporation (FDIC) today released
a list of orders of administrative enforcement actions taken
against banks and individuals in July.
https://www.fdic.gov/news/news/press/2015/pr15069.html
August 27, 2015 - Customers aren't smitten with mobile banking -
Mobile banking is touted as a convenience, and a majority of
banks now offer the service. But it may be a service customers
don't want, the St. Louis Business Journal reports.
http://www.bizjournals.com/kansascity/blog/morning_call/2015/08/customers-arent-smitten-with-mobile-banking.html
August 27, 2015 - Financial Market Stress Reaches Three-Year
High - Financial market stress rose to its highest level in more
than three years in the latest reporting week. For the week
ending Aug. 21, the index measured -0.808, up sharply from the
previous week’s revised value of -0.972 and the highest level
since the week ending June 29, 2012.
www.stlouisfed.org/news-releases/2015/08/27/financial-market-stress-reaches-three-year-high
August 27, 2015 - FDIC Consumer Newsletter Features Tips on
Choosing and Using Bank "Rewards" - Other topics include
"banking on the go" with mobile financial services and ATMs,
improving credit scores, reverse mortgages, and deposit
Insurance - Bank rewards programs tied to credit or debit cards
or other products can provide consumers with benefits such as
points to be used for travel and shopping or cash back on
purchases.
www.fdic.gov/news/news/press/2015/pr15068.html
August 27, 2015 - U.S. and Oklahoma Economic Update: Oil Price
Worries.
www.kansascityfed.org/~/media/files/publicat/speeches/2015/2015-williams-tulsa-cra-roundtable-08-27.pdf
August 27, 2015 - A closed meeting of the Board of Governors of
the Federal Reserve System will be held under expedited
procedures at 11:30 AM on August 31, 2015. Matter to be
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/20150831advexp.htm
August 27, 2015 - Credibility of Optimal Forward Guidance at the
Interest Rate Lower Bound - Taisuke Nakata - Market participants
and other analysts generally expect that the federal funds rate
will rise from its effective lower bound later this year. 1
However, the ELB could again become a binding constraint on
monetary policy in the future.
www.federalreserve.gov/econresdata/notes/feds-notes/2015/credibility-of-optimal-forward-guidance-at-the-interest-rate-lower-bound-20150827.html
August 27, 2015 - Banking Structure - Financial Holding
Companies - Under the Bank Holding Company Act, bank holding
companies may elect to be financial holding companies. Following
is a list of those companies whose elections to become or be
treated as financial holding companies are effective.
www.federalreserve.gov/bankinforeg/fhc.htm
August 26, 2015 - The Federal Reserve, Monetary Policy, and
Economic Indicators.
www.kansascityfed.org/~/media/files/publicat/speeches/2015/2015-williams-midfirst-operations-group-08-26.pdf
August 26, 2015 - NCUA Hosting Webinar on Safe and Sound
Participation Lending - Join the Discussion to Hear about
Benefits and Requirements for Buyers, Sellers - Credit unions
considering participation lending can get valuable information
during an upcoming webinar, “Participation Lending in a Safe and
Sound Manner,” offered by the National Credit Union
Administration.
www.ncua.gov/News/Pages/NW20150826Webinar.aspx
August 26, 2015 - Grass Roots Engagement at the Kansas City Fed
During the past year, the Federal Reserve Bank of Kansas City
has met regularly with affiliates of the Center for Popular
Democracy, including Sunflower Community Action of Wichita,
Kan., Communities Creating Opportunity of Kansas City, Mo., and
local labor and faith leaders.
www.kansascityfed.org/~/media/files/publicat/newsroom/2015pdf/pressrelease082615.pdf
August 26, 2015 - Mass Population Displacement and Retail
Activities in the Wake of Hurricane Katrina - Etienne Gagnon,
David López-Salido - This week marks the 10th anniversary of
Hurricane Katrina's tragic landfall near New Orleans, Louisiana,
and the forced relocation of hundreds of thousands of families
who lost their homes in the disaster.
www.federalreserve.gov/econresdata/notes/feds-notes/2015/mass-population-displacement-and-retail-activities-in-the-wake-of-hurricane-katrina-20150826.html
August 26, 2015 - 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 August 26, 2015, under
expedited procedures. Matter(s) considered: Bank Supervisory
Matter.
www.federalreserve.gov/aboutthefed/boardmeetings/20150826exp.htm
August 25, 2015 - Chicago Fed Announces New First Vice President
- New First Vice President Announced - Ellen Bromagen will
assume the role as first vice president and chief operating
officer effective September 1, 2015.
www.chicagofed.org/utilities/newsroom/news-releases/2015/new-fvp-announcement
August 25, 2015 - OCC Hosts New York Workshop for Bank Directors
- The Office of the Comptroller of the Currency will host a
workshop in New York City, September 28-30, for directors of
national community banks and federal savings associations.
www.occ.gov/news-issuances/news-releases/2015/nr-occ-2015-119.html
August 25, 2015 - Federal Financial Institutions Regulatory
Agencies Announce Availability of 2014 Small Business, Small
Farm, and Community Development Lending Data.
www.occ.gov/news-issuances/news-releases/2015/nr-ia-2015-118.html
August 25, 2015 - Contracting with Feedback - Tse-chun Lin, Qi
Liu, and Bo Sun - We study the effect of financial market
conditions on managerial compensation structure. First, we
analyze the optimal pay-for-performance in a model in which
corporate decisions and firm value are both endogenous to
trading due to feedback from information contained in stock
prices.
www.federalreserve.gov/econresdata/ifdp/2015/files/ifdp1143.pdf
August 25, 2015 - Identifying Foreign Suppliers in U.S.
Merchandise Import Transactions - Fariha Kamal, C.J. Krizan, and
Ryan Monarch - International trade data capturing relationships
between importing and exporting firm provides new insight into
the activity of trading firms, but the quality of such
disaggregated data is unknown.
www.federalreserve.gov/econresdata/ifdp/2015/files/ifdp1142.pdf
August 25, 2015 - Nowcasting Business Cycles: a Bayesian
Approach to Dynamic Heterogeneous Factor Models - Antonello
D'Agostino, Domenico Giannone, Michele Lenza, and Michele
Modugno - We develop a framework for measuring and monitoring
business cycles in real time.
www.federalreserve.gov/econresdata/feds/2015/files/2015066pap.pdf
August 25, 2015 - Minutes of the Board's discount rate meeting
for July 27, 2015.
www.federalreserve.gov/newsevents/press/monetary/monetary20150825a1.pdf
August 24, 2015 - Supervisory Insights Journal - Summer 2015
Issue Now Available - The Summer 2015 issue of Supervisory
Insights features two articles of interest to examiners,
bankers, and supervisors. One article highlights the critical
role of corporate governance and strategic planning in
navigating a challenging operating environment.
www.fdic.gov/news/news/financial/2015/fil15036.pdf
August 24, 2015 - FDIC Publication Focuses on the Critical Role
of Corporate Governance and Strategic Planning in Responding to
Earnings Challenges - The Federal Deposit Insurance Corporation
today released the summer 2015 issue of Supervisory Insights.
www.fdic.gov/news/news/press/2015/pr15067.html
August 24, 2015 - Advanced 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 AM on August 26, 2015. Matter to be considered: Bank
Supervisory Matter.
www.federalreserve.gov/aboutthefed/boardmeetings/20150826advexp.htm
August 21, 2015 - OCC Hosts Risk Governance and Compliance
Workshops in New Mexico - The Office of the Comptroller of the
Currency will host two workshops in Albuquerque, N.M., at the
Sheraton Albuquerque Uptown, September 29-30, for directors of
national community banks and federal savings associations.
www.occ.gov/news-issuances/news-releases/2015/nr-occ-2015-117.html
August 21, 2015 - OCC Enforcement Actions - 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/2015/nr-occ-2015-116.html
August 21, 2015 - Stock Market Investment: The Role of Human
Capital - Kartik Athreya, Felicia F. Ionescu, and Urvi
Neelakantan - Portfolio choice models counterfactually predict
(or advise) almost universal equity market participation and a
high share for equity in wealth early in life.
www.federalreserve.gov/econresdata/feds/2015/files/2015065pap.pdf
August 21, 2015 - Federal Reserve Banks Combined Quarterly
Financial Report. Unaudited
www.federalreserve.gov/monetarypolicy/files/quarterly-report-20140331.pdf
August 21, 2015 - Quarterly Report on Federal Reserve Balance
Sheet Developments August 2015.
www.federalreserve.gov/files/quarterly_balance_sheet_developments_report_201508.pdf
___________________
August 20, 2015 - Financial Market Stress Rises for Third Week -
For the week ending Aug. 14, the St. Louis Fed Financial Stress
Index measured -0.968, up modestly from the previous week’s
revised value of -0.994. The increase is the third in a row.
www.stlouisfed.org/news-releases/2015/08/20/financial-market-stress-rises-for-third-week
August 20, 2015 - Nominal Rigidities and the Term Structures of
Equity and Bond Returns - Pier Lopez, David Lopez-Salido, and
Francisco Vazquez-Grande - A downward-sloping term structure of
equity and upward-sloping term structures of interest rates
arise endogenously in a general-equilibrium model with nominal
rigidities and nonlinear habits in consumption.
www.federalreserve.gov/econresdata/feds/2015/files/2015064pap.pdf
August 20, 2015 - NCUA - 191 Credit Unions Use NCUA’s Consulting
Services to Up Their Games - Consulting services provided by the
National Credit Union Administration will help 191 federally
insured credit unions improve operations and member services
during the second half of 2015.
www.ncua.gov/News/Pages/NW20150820Consulting.aspx
August 20, 2015 - NCUA - August Issue of The NCUA Report Now
Available - The National Credit Union Administration announced
today the August 2015 issue of The NCUA Report is now available
online.
www.ncua.gov/News/Pages/NW20150820AugustNCUAReport.aspx
August 19, 2015 - Aggregate Consequences of Dynamic Credit
Relationships - Stephane Verani - Which financial frictions
matter in the aggregate? This paper presents a general
equilibrium model in which entrepreneurs finance a firm with a
long-term contract.
www.federalreserve.gov/econresdata/feds/2015/files/2015063pap.pdf
August 19, 2015 - Minutes of the Federal Open Market Committee,
July 28-29, 2015.
www.federalreserve.gov/newsevents/press/monetary/20150819a.htm
August 18, 2015 - Statistical Release - Charge-Off and
Delinquency Rates on Loans and Leases at Commercial Banks.
www.federalreserve.gov/releases/chargeoff/
August 18, 2015 - The Accuracy of Forecasts Prepared for the
Federal Open Market Committee - Andrew C. Chang and Tyler J.
Hanson - We analyze forecasts of consumption, nonresidential
investment, residential investment, government spending,
exports, imports, inventories, gross domestic product,
inflation, and unemployment prepared by the staff of the Board
of Governors of the Federal Reserve System for meetings of the
Federal Open Market Committee from 1997 to 2008, called the
Greenbooks.
www.federalreserve.gov/econresdata/feds/2015/files/2015062pap.pdf
August 17, 2015 - Robert Steven Kaplan Named President and CEO
of Dallas Fed - The Federal Reserve Bank of Dallas today
announced the appointment of Robert Steven Kaplan as president
and chief executive officer. In this role, Kaplan will represent
the Eleventh Federal Reserve District on the Federal Open Market
Committee in the formulation of U.S. monetary policy and will
oversee the 1,200 employees of the Dallas Fed.
http://dallasfed.org/news/releases/2015/nr150817.cfm
August 14, 2015 - NCUA Chairman Matz’s July Town Hall Webinar
Now Available - The July 28 town hall webinar hosted by National
Credit Union Administration Board Chairman Debbie Matz is now
available on the agency’s website.
www.ncua.gov/News/Pages/NW20150814TownHall.aspx
August 14, 2015 - Regulatory Relief - Guidance to Help Financial
Institutions and Facilitate Recovery in Areas of Kentucky
Affected by Severe Storms, Tornadoes, Straight-Line Winds,
Flooding, Landslides, and Mudslides - The FDIC has announced a
series of steps intended to provide regulatory relief to
financial institutions and to facilitate recovery in areas of
Kentucky affected by severe storms, tornadoes, straight-line
winds, flooding, landslides, and mudslides.
www.fdic.gov/news/news/financial/2015/fil15035.html
August 14, 2015 - Income and Earnings Mobility in U.S. Tax Data
- Jeff Larrimore, Jacob Mortenson, and David Splinter - We use a
large panel of federal income tax data to investigate
intragenerational income mobility in the United States. We have
two primary objectives.
www.federalreserve.gov/econresdata/feds/2015/files/2015061pap.pdf
August 14, 2015 - Credit and Liquidity Programs and the Balance
Sheet - Recent balance sheet trends, weekly chart update - Since
the beginning of the financial market turmoil in August 2007,
the Federal Reserve's balance sheet has grown in size and has
changed in composition. Total assets of the Federal Reserve have
increased significantly from $869 billion on August 8, 2007, to
well over $2 trillion.
www.federalreserve.gov/monetarypolicy/bst_recenttrends.htm
________________________
August 13, 2015 - Midwest Farmland Values Down Slightly in Second
Quarter - Latest AgLetter reports Seventh District farmland values in
the second quarter of 2015 were 3 percent lower than a year ago.
www.chicagofed.org/~/media/publications/agletter/2015-2019/august-2015-pdf.pdf?la=en
August 13, 2015 - July NCUA Board Video Now Available - July NCUA Board
Video Now Available - The video recording of the July 2015 open meeting
of the National Credit Union Administration Board is now available on
the agency’s website.
www.ncua.gov/News/Pages/NW20150813JulyVideo.aspx
August 13, 2015 - Amrit Sekhon Named Deputy Comptroller for Capital and
Regulatory Policy - Amrit Sekhon today was named Deputy Comptroller for
Capital and Regulatory Policy at the Office of the Comptroller of the
Currency.
www.occ.gov/news-issuances/news-releases/2015/nr-occ-2015-114.html
August 13, 2015 - St. Louis Fed Second-Quarter Ag Survey: Farm Income
Drops While Land Values Hold Steady in Midwest, Midsouth - After an
excessively wet spring that hindered planting of crops in parts of the
Midwest and ongoing weakness in grain prices worldwide, Eighth District
agricultural bankers reported a continued drop in farm income during the
second quarter of 2015 compared with the previous year, according to
latest Agricultural Finance Monitor published by the Federal Reserve
Bank of St. Louis.
www.stlouisfed.org/news-releases/2015/08/13/ag-survey-shows-farm-income-drops-while-land-values-hold-steady
August 13, 2015 - Financial Market Stress Rises for Second Week - The
St. Louis Fed Financial Stress Index has risen for the second
consecutive week. For the week ending Aug. 7, the index measured -0.989,
up modestly from the previous week’s revised value of -1.033.
www.stlouisfed.org/news-releases/2015/08/13/financial-market-stress-rises-for-second-week
August 13, 2015 - Securitization and lending standards: Evidence from
the European wholesale loan market - Alper Kara, David Marques-Ibanez,
and Steven Ongena - We assess the effect of securitization activity on
banks' lending rates employing a uniquely detailed dataset from the
euro-denominated syndicated loan market.
www.federalreserve.gov/econresdata/ifdp/2015/files/ifdp1141.pdf
August 13, 2015 - Realized Bank Risk during the Great Recession - Yener
Altunbas, Simone Manganelli, and David Marques-Ibanez - In the years
preceding the 2007-2009 financial crisis, forward-looking indicators of
bank risk concentrated and suggested unusually low expectations of bank
default.
www.federalreserve.gov/econresdata/ifdp/2015/files/ifdp1140.pdf
August 12, 2015 - Update on Financial Conditions - The NFCI was
unchanged at -0.77 in the week ending August 7, while the ANFCI ticked
down to 0.26.
www.chicagofed.org/publications/nfci/index
August 12, 2015 - OCC Assesses $10 Million Penalty Against Citizens
Bank; Orders Reimbursement to Customers for Unfair and Deceptive
Practices - The Office of the Comptroller of the Currency today assessed
a $10 million penalty against Citizens Bank, National Association,
Providence, Rhode Island, and ordered the bank to identify and reimburse
harmed customers.
www.occ.gov/news-issuances/news-releases/2015/nr-occ-2015-113.html
August 12, 2015 - Regulatory Relief - Guidance to Help Financial
Institutions and Facilitate Recovery in Areas that Support the Oglala
Sioux Tribe of the Pine Ridge Indian Reservation Affected by Severe
Storms, Straight-Line Winds, and Flooding - The FDIC has announced a
series of steps intended to provide regulatory relief to financial
institutions and to facilitate recovery in areas supporting the Oglala
Sioux Tribe of the Pine Ridge Indian Reservation affected by severe
storms, straight-line winds, and flooding.
www.fdic.gov/news/news/financial/2015/fil15034.html
August 12, 2015 - FDIC Announces Settlement with Citizens Bank of
Pennsylvania for Unfair and Deceptive Practices - Agreement includes
restitution for consumers and businesses - The Federal Deposit Insurance
Corporation announced a settlement with Citizens Bank of Pennsylvania,
Philadelphia, Pennsylvania , for unfair and deceptive practices in
violation of Section 5 of the Federal Trade Commission Act.
www.fdic.gov/news/news/press/2015/pr15066.html
August 2015 - FOMC Responses to Calls for Transparency - Miguel Acosta
-I apply latent semantic analysis to Federal Open Market Committee
transcripts and minutes from 1976 to 2008 in order to analyze the Fed's
responses to calls for transparency. Using a newly constructed measure
of the transparency of deliberations, I study two events that define
markedly different periods of transparency over this 32-year period.
www.federalreserve.gov/econresdata/feds/2015/files/2015060pap.pdf
August 11, 2015 - Greg Coleman Named Deputy Comptroller for Large Bank
Supervision - Greg Coleman today was named Deputy Comptroller for Large
Bank Supervision at the Office of the Comptroller of the Currency.
www.occ.gov/news-issuances/news-releases/2015/nr-occ-2015-112.html
August 11, 2015 - Federal Reserve Board issues enforcement action with
Cecil Bank, and announces termination of enforcement action with
Philippine National Bank.
www.federalreserve.gov/newsevents/press/enforcement/enf20150811a1.pdf
August 10, 2015 - Federal Reserve Board clarifies Regulation II
regarding the inclusion of transaction-monitoring costs.
www.federalreserve.gov/newsevents/press/bcreg/20150810a.htm
August 7, 2015 - Comptroller Discusses Responsible Innovation, Risk
Management - Comptroller of the Currency Thomas J. Curry discussed how
innovation can benefit the financial system, the role banks play, and
what the OCC is doing to better understand the benefits and risks of
innovative products and services.
www.occ.gov/news-issuances/speeches/2015/pub-speech-2015-111.pdf
August 7, 2015 - Statistical Release - Consumer Credit - G.19 -
Revolving and nonrevolving consumer credit both increased at a
seasonally adjusted annual rate of 7 percent during the second quarter.
In June, consumer credit increased at an annual rate of 7-1/4 percent.
www.federalreserve.gov/releases/g19/current/
August 7, 2015 - How Much Student Debt is Out There? - Jesse Bricker,
Meta Brown Leaving the Board's website., Simona Hannon, and Karen Pence
- As is widely known, student loan debt has expanded significantly over
the past decade or so and stands at historically high levels.
www.federalreserve.gov/econresdata/notes/feds-notes/2015/how-much-student-debt-is-out-there-20150807.html
August 7, 2015 - Credit and Liquidity Programs and the Balance Sheet -
Recent balance sheet trends, weekly chart update - Since the beginning
of the financial market turmoil in August 2007, the Federal Reserve's
balance sheet has grown in size and has changed in composition.
www.federalreserve.gov/monetarypolicy/bst_recenttrends.htm
August 7, 2015 - Statistical Release - Updated Communications Equipment
Price Indexes.
www.federalreserve.gov/releases/g17/commequip_price_indexes.htm
_________________
August 6, 2015 - Stephen W. Warren Named the OCC’s Chief Information
Officer - Stephen W. Warren today was named Chief Information Officer at
the Office of the Comptroller of the Currency.
www.occ.gov/news-issuances/news-releases/2015/nr-occ-2015-110.html
August 6, 2015 - Financial Market Stress Rises for First Time in Three
Weeks - The St. Louis Fed Financial Stress Index rose in the week ending
July 31 to -1.029, a modest increase from the previous week’s revised
value of -1.054. The increase is the first in three weeks.
www.stlouisfed.org/news-releases/2015/08/06/financial-market-stress-rises-for-first-time-in-three-weeks
August 6, 2015 - Payment Systems - Fedwire Funds Service, Fedwire
Securities Service, National Settlement Service: Q2 data updates.
www.federalreserve.gov/paymentsystems/default.htm
August 6, 2015 - Federal Reserve announces results of offering of 14-day
term deposits on August 6 - On August 6, 2015, the Federal Reserve
conducted a floating-rate offering of term deposits through its Term
Deposit Facility.
www.federalreserve.gov/newsevents/press/monetary/20150806a.htm
August 6, 2015 - Federal Reserve Board issues enforcement action with
OSB Community Bank.
www.federalreserve.gov/newsevents/press/enforcement/enf20150806a1.pdf
August 5, 2015 - NCUA Awards a Record $2 Million in Grants - Grants
totaling more than $2 million will help 225 low-income credit unions
expand products and services, open branches or relocate offices, advance
digital growth and provide greater security for their members, the
National Credit Union Administration announced today.
www.ncua.gov/News/Pages/NW20150805GrantAwards.aspx
August 5, 2015 - Linda Cunningham Named the OCC’s First Chief Risk
Officer - Linda Cunningham today was named the first Chief Risk Officer
at the Office of the Comptroller of the Currency.
www.occ.gov/news-issuances/news-releases/2015/nr-occ-2015-109.html
August 5, 2015 - OCC Releases CRA Evaluations for 33 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 July 1, 2015 through
July 31, 2015.
www.occ.gov/news-issuances/news-releases/2015/nr-occ-2015-108.html
August 5, 2015 - Mapping Heat in the U.S. Financial System: A Summary1 -
David Aikman, Michael Kiley, Seung Jung Lee, Michael Palumbo, and
Missaka Warusawitharana - This Note reports a selection of results from
research intended to quantitatively measure the buildup and reduction of
vulnerabilities in the U.S. financial system over time.
www.federalreserve.gov/econresdata/notes/feds-notes/2015/mapping-heat-in-the-us-financial-system-a-summary-20150805.html
August 5, 2015 - Federal Reserve Board issues enforcement action with
Four Oaks Bank & Trust Company and termination of enforcement action
with Four Oaks Fincorp, Inc. and Four Oaks Bank & Trust Company.
www.federalreserve.gov/newsevents/press/enforcement/enf20150804a1.pdf
August 4, 2015 - A Simple Model of Gross Worker Flows across Labor
Market States - Marcelo Veracierto - The author develops a simple model
of the gross flows of workers across labor market states that is based
on Krusell et al. (2012). Its simplicity allows for analytical
derivations that make the determination of these flows transparent.
www.chicagofed.org/~/media/publications/economic-perspectives/2015/2q2015-part1-veracierto-pdf.pdf
August 4, 2015 - Comptroller Discusses Efforts To Ease Regulatory Burden
on Community Banks - Comptroller of the Currency Thomas J. Curry today
addressed efforts to ease the burden of regulation on community national
banks and federal savings associations at the fourth outreach meeting
conducted under the Economic Growth and Paperwork Reduction Act.
www.occ.gov/news-issuances/news-releases/2015/nr-occ-2015-107.html
August 4, 2015 - FDIC Issues List of Banks Examined for CRA Compliance -
The Federal Deposit Insurance Corporation (FDIC) today issued its list
of state nonmember banks recently evaluated for compliance with the
Community Reinvestment Act.
www.fdic.gov/news/news/press/2015/pr15065.html
August 4, 2015 - Federal Reserve Board issues enforcement action with
Four Oaks Bank & Trust Company and termination of enforcement action
with Four Oaks Fincorp, Inc. and Four Oaks Bank & Trust Company.
www.federalreserve.gov/newsevents/press/enforcement/enf20150804a1.pdf
August 3, 2015 - Mapping Heat in the U.S. Financial System - David
Aikman, Michael T. Kiley, Seung Lee, Michael G. Palumbo, and Missaka N.
Warusawitharana - We provide a framework for assessing the build-up of
vulnerabilities in the U.S. financial system.
www.federalreserve.gov/econresdata/feds/2015/index.htm#1
August 3, 2015 - Changes in the Distribution of After-Tax Wealth: Has
Income Tax Policy Increased Wealth Inequality? - Adam Looney and Kevin
B. Moore - A substantial share of the wealth of Americans is held in
tax-deferred form such as in retirement accounts or as unrealized
capital gains.
www.federalreserve.gov/econresdata/feds/2015/files/2015058pap.pdf
August 3, 2015 - NCUA Hosting Webinar on Internal Controls and
Accounting - Learn about Best Practices Contributing to Well-Run Credit
Unions - Credit unions interested in learning more about maintaining
adequate internal controls can get valuable information during an
upcoming webinar, “Internal Controls and Accounting Tips for Small
Credit Unions,” offered by the National Credit Union Administration.
www.ncua.gov/News/Pages/NW20150803Webinar.aspx
August 3, 2015 - The July 2015 Senior Loan Officer Opinion Survey on
Bank Lending Practices -The July 2015 Senior Loan Officer Opinion Survey
on Bank Lending Practices addressed changes in the standards and terms
on, and demand for, bank loans to businesses and households over the
past three months. This summary discusses the responses from 71 domestic
banks and 23 U.S. branches and agencies of foreign banks.
www.federalreserve.gov/boarddocs/SnLoanSurvey/201508/default.htm
August 3, 2015 Statistical Release - Foreign Exchange Rates - G.5 - The
table below shows the average rates of exchange in JULY 2015 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/
August 3, 2015 - Governor Jerome H. Powell - Structure and Liquidity in
Treasury Markets - At the The Brookings Institution, Washington, D.C.
www.federalreserve.gov/newsevents/speech/powell20150803a.htm
August 3, 2015 - Federal Reserve announces plans to continue periodic
testing of its Term Deposit Facility operations in August - The Federal
Reserve plans to continue periodic testing of Term Deposit Facility
operations in August.
www.federalreserve.gov/newsevents/press/monetary/20150803a.htm |
