The E-mail Banking News
(Bank
Regulatory News)
February 2018
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February 28, 2018 - NCUA - First Jersey Credit Union Closes; USALLIANCE
Assumes Shares and Loans - Members of First Jersey Credit Union are now
members of USALLIANCE Federal Credit Union following today’s liquidation
by the New Jersey Department of Banking and Insurance.
www.ncua.gov/newsroom/Pages/news-2018-feb-first-jersey-credit-union-closes-usalliance-assumes-shares-loans.aspx
February 28, 2018 - NCUA Issues Prohibition Notices - The National
Credit Union Administration issued two prohibition orders and two
notices of prohibition in February. These four individuals are
prohibited from participating in the affairs of any federally insured
financial institution.
www.ncua.gov/newsroom/Pages/news-2018-feb-prohibition-orders.aspx
February 28, 2018 - FDIC Issues CRA Examination Schedules for Second and
Third Quarter 2018 - The Federal Deposit Insurance Corporation today
issued the lists of institutions scheduled for a Community Reinvestment
Act examination during the second and third quarters of 2018.
www.fdic.gov/news/news/press/2018/pr18014.html
February 28, 2018 - Statistical Release - Finance Companies - G.20.
www.federalreserve.gov/releases/g20/current/
February 28, 2018 - Federal Reserve Bulletin Legal Developments: Fourth
Quarter, 2017.
www.federalreserve.gov/publications/bulletin.htm000
February 27, 2018 - NCUA - Metsger: NCUA “Gets the Job Done” - NCUA
Board Member Calls Stabilization Fund Closure “the Key Driver” of
Historic Share Insurance Distribution Coming This Year - Bipartisan
cooperation on the National Credit Union Administration Board has led to
policies that will help credit unions position themselves to serve
members however the economy might change, Board Member Rick Metsger said
today.
www.ncua.gov/newsroom/Pages/news-2018-feb-metsger-remarks-gac.aspx
February 27, 2018 - OCC Issues Second and Third Quarter 2018 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 second and third quarters of 2018.
www.occ.gov/news-issuances/news-releases/2018/nr-occ-2018-22.html
February 27, 2018 - OCC Publication Focuses on Single-Family
Rehabilitation Financing Programs - The Office of the Comptroller of the
Currency published the latest edition of its Community Developments
Investments newsletter titled “Expanding Housing Opportunities:
Single-Family Rehabilitation Financing Programs.”
www.occ.gov/news-issuances/news-releases/2018/nr-occ-2018-21.html
February 27, 2018 - Toks Omishakin Joins St. Louis Fed’s Transportation
Industry Council - Toks Omishakin of Nashville, Tenn., has been named to
the Transportation Industry Council of the Federal Reserve Bank of St.
Louis. Omishakin is the deputy commissioner/chief of environment and
planning bureau at the Tennessee Department of Transportation.
www.stlouisfed.org/news-releases/2018/02/27/toks-omishakin-joins-st-louis-fed-transportation-industry-council
February 27, 2018 - FDIC-Insured Institutions Report Net Income of $25.5
Billion in Fourth Quarter 2017 - Commercial banks and savings
institutions insured by the Federal Deposit Insurance Corporation
reported aggregate net income of $25.5 billion in the fourth quarter of
2017, down $17.7 billion (40.9 percent) from a year ago.
www.fdic.gov/news/news/press/2018/pr18013.html
February 27, 2018 - Testimony by Chairman Jerome H. Powell - Semiannual
Monetary Policy Report to the Congress Before the Committee on Financial
Services, U.S. House of Representatives, Washington, D.C.
www.federalreserve.gov/newsevents/testimony/powell20180226a.htm
February 27, 2018 - Minutes of the Board's discount rate meetings from
January 22 and January 31, 2018.
www.federalreserve.gov/newsevents/pressreleases/monetary20180227a.htm
February 26, 2018 - Index Points to Little Change in Economic Growth in
January - The Chicago Fed National Activity Index ticked down to +0.12
in January from +0.14 in December.
www.chicagofed.org/~/media/publications/cfnai/2018/cfnai-february2018-pdf.pdf
February 26, 2018 - NCUA - McWatters: “Come Now, and Let Us Reason
Together” - NCUA Board Chairman Cites Accomplishments, Promises Future
Cooperation - Promising continued inclusion, accountability, and
transparency in the National Credit Union Administration’s
decision-making, NCUA Board Chairman J. Mark McWatters today urged
credit unions to “reason together” to accomplish common goals.
www.ncua.gov/newsroom/Pages/news-2018-feb-mcwatters-gac-remarks.aspx
February 26, 2018 - St. Louis Fed's Bullard Discusses R-Star: The
Natural Real Rate of Interest - Federal Reserve Bank of St. Louis
President James Bullard discussed the relatively low natural real rate
of interest during a presentation Monday at the 34th Annual NABE
Economic Policy Conference.
www.stlouisfed.org/news-releases/2018/02/26/bullard-natural-real-rate-interest
February 26, 2018 - Notice of a Meeting under Expedited Procedures - A
closed meeting of the Board of Governors of the Federal Reserve System
was held at 10:45 a.m. on February 26, 2018. Matter(s) 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/20180226closed.htm
February 26, 2018 - Speech by Vice Chairman for Supervision Quarles on
the financial regulatory system and cybersecurity Vice Chairman for
Supervision Randal K. Quarles.
www.federalreserve.gov/newsevents.htm
February 26, 2018 - Speech by Vice Chairman for Supervision Quarles on
an assessment of the U.S. economy Vice Chairman for Supervision Randal
K. Quarles.
www.federalreserve.gov/newsevents/speech/quarles20180226a.htm
February 23, 2018 - How Blockchain Works By Rebecca Lewis , John W.
McPartland , Rajeev Ranjan - Blockchain technology is likely to be a key
source of future financial market innovation. It allows for the creation
of immutable records of transactions accessible by all participants in a
network.
www.chicagofed.org/publications/economic-perspectives/2017/7
February 23, 2018 - Mexico’s Growing Role in the Auto Industry Under
NAFTA: Who Makes What and What Goes Where - Mexico has become one of the
world’s leading producers and exporters of motor vehicles, although it
has no automakers of its own.
www.chicagofed.org/publications/economic-perspectives/2017/6
February 23, 2018 - NCUA - Ukrainian Future Credit Union Conserved -
Member Deposits Remain Protected to $250,000; Member Services
Uninterrupted - The Director of the Michigan Department of Insurance and
Financial Services today placed Ukrainian Future Credit Union, of
Warren, Michigan, into conservatorship and appointed the National Credit
Union Administration as conservator.
www.ncua.gov/newsroom/Pages/news-2018-feb-ukrainian-future-credit-union-conserved.aspx
February 23, 2018 - Background Investigations: Updated Comptroller's
Licensing Manual - On November 9, 2017, the Office of the Comptroller of
the Currency issued a revised “Background Investigations” booklet of the
Comptroller’s Licensing Manual.
www.occ.treas.gov/news-issuances/bulletins/2018/bulletin-2018-5.html
February 23, 2018 - Annual Stress Test: Final Rule—Technical and
Conforming Changes - The Office of the Comptroller of the Currency
published a final rule in the Federal Register today to implement
several technical and conforming changes to the OCC’s Annual Stress Test
regulation (12 CFR 46).
www.occ.treas.gov/news-issuances/bulletins/2018/bulletin-2018-4.html
February 23, 2018 - OCC Finalizes Technical Changes to Annual Stress
Test Rule - The Office of the Comptroller of the Currency today
finalized a rulemaking amending the OCC’s Annual Stress Test Rule. The
final rule makes several technical revisions to the stress testing
regulation and becomes effective 30 days after publication in the
Federal Register.
www.occ.gov/news-issuances/news-releases/2018/nr-occ-2018-20.html
February 23, 2018 - FDIC Appoints New Head of Office of Minority and
Women Inclusion - The Federal Deposit Insurance Corporation Friday
announced that the Board of Directors has approved the appointment of
Saul Schwartz as director of the FDIC's Office of Minority and Women
Inclusion.
www.fdic.gov/news/news/press/2018/pr18012.html
February 23, 2018 - FDIC Encourages Consumers of All Ages to Set and
Achieve Savings Goals - The Federal Deposit Insurance Corporation today
is encouraging people to use America Saves Week as an opportunity to
develop, or review their progress toward, financial goals.
www.fdic.gov/news/news/press/2018/pr18011.html
February 23, 2018 - FDIC Makes Public January Enforcement Actions - The
Federal Deposit Insurance Corporation today released a list of orders of
administrative enforcement actions taken against banks and individuals
in January. There are no administrative hearings scheduled for March
2018.
www.fdic.gov/news/news/press/2018/pr18010.html
February 23, 2018 - Credit and Liquidity Programs and the Balance Sheet
- Recent balance sheet trends, weekly chart update.
www.federalreserve.gov/monetarypolicy/bst_recenttrends.htm
February 23, 2018 - Report to the Congress - Monetary Policy Report -
February 2018 - The Federal Reserve Act requires the Federal Reserve
Board to submit written reports to Congress containing discussions of
"the conduct of monetary policy and economic developments and prospects
for the future."
www.federalreserve.gov/monetarypolicy/mpr_default.htm
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February 22, 2018 - Government Performance and Results Act - Annual
Performance Plan 2018 - The Government Performance and Results Act of
1993 requires federal agencies to prepare a strategic plan covering a
multiyear period and requires each agency to submit an annual
performance plan and an annual performance report.
www.federalreserve.gov/publications/gpra.htm
February 22, 2018 - Speech by Vice Chairman Quarles on the U.S. economy
after the global financial crisis - At "10 Years after the Global
Financial Crisis: How Has the World Economy Changed and Where Will It
Go?" 26th International Financial Symposium sponsored by the Institute
for International Monetary Affairs, Tokyo, Japan.
www.federalreserve.gov/newsevents/speech/quarles20180222a.htm
February 22, 2018 - Federal Reserve Board announces approval of proposal
by First Financial Bancorp and approval of applications by First
Financial Bank.
www.federalreserve.gov/newsevents/pressreleases/orders20180222a.htm
February 22, 2018 - NCUA Releases New Savings Infographic for America
and Military Saves Week - New Resource Outlines the Benefits of Saving
at an Early Age - Young people can get valuable information about
starting good personal finance habits and building long-term wealth from
a new infographic released today by the National Credit Union
Administration.
www.ncua.gov/newsroom/Pages/news-2018-feb-ncua-releases-new-savings-infographic-america-military-saves-week.aspx
February 22, 2018 - 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 11:30 a.m. on
February 26, 2018. Matter(s) 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/20180226closed.htm
February 21, 2018 - The Winds of Change for Community Banking - By Romel
Bonilla , Jenna Cooper , Adam Emmerich , Theresa Hembd , Pamela Kennedy
, Blake Marquart , Joseph Nashar - The 12th annual Community Bankers
Symposium, cosponsored by the Federal Reserve Bank of Chicago, the
Federal Deposit Insurance Corporation, and the Office of the Comptroller
of the Currency, was held at the Chicago Fed on November 17, 2017.
www.chicagofed.org/publications/chicago-fed-letter/2018/394
February 21, 2018 - OCC Hosts Credit Risk and Operational Risk Workshops
in Minneapolis - The Office of the Comptroller of the Currency will host
two workshops at the Crowne Plaza Minneapolis Northstar Downtown,
Minneapolis, Minn., March 27-28, for directors of national community
banks and federal savings associations supervised by the OCC.
www.occ.gov/news-issuances/news-releases/2018/nr-occ-2018-19.html
February 21, 2018 - Federal Reserve Bank of Kansas City Appoints Senior
Vice President of Research - Luke Woodward has been named senior vice
president and head of the Bank’s Research Division.
www.kansascityfed.org/~/media/files/publicat/newsroom/2018/pressrelease022118research.pdf
February 21, 2018 - Charge-Off and Delinquency Rates on Loans and Leases
at Commercial Banks.
www.federalreserve.gov/releases/chargeoff/
February 21, 2018 - Student Loan Debt and Aggregate Consumption Growth -
Laura Feiveson, Alvaro Mezza, and Kamila Sommer - Between 2001 and 2016,
the real amount of student debt owed by American households more than
tripled, from about $340 billion to more than $1.3 trillion.
www.federalreserve.gov/econres/notes/feds-notes/student-loan-debt-and-aggregate-consumption-growth-20180221.htm
February 21, 2018 - Minutes of the Federal Open Market Committee,
January 30-31, 2018.
www.federalreserve.gov/newsevents/pressreleases/monetary20180221a.htm
February 21, 2018 - Federal Reserve Board announces approval of
application by IBERIABANK - The Federal Reserve Board on Wednesday
announced its approval of the application under section 18(c) of the
Federal Deposit Insurance Act and section 9 of the Federal Reserve Act
by IBERIABANK, Lafayette, Louisiana, to acquire Gibraltar Private Bank &
Trust Company, Coral Gables, Florida, and to establish branches at the
locations of the main office and branches of Gibraltar.
www.federalreserve.gov/newsevents/pressreleases/orders20180221a.htm
February 16, 2018 - OCC Enforcement Actions and Terminations for
February 2018 - 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/2018/nr-occ-2018-18.html
February 16, 2018 - Credit and Liquidity Programs and the Balance Sheet
- Recent balance sheet trends, weekly chart update.
www.federalreserve.gov/monetarypolicy/bst_recenttrends.htm
February 16, 2018 - Federal Reserve Board seeking to impose a $487,500
fine on former Barclays Bank PLC employee and permanently bar him from
the banking industry - The Federal Reserve Board on Friday announced
that it is seeking to permanently bar Peter Little, the former head of
the foreign exchange (FX) spot desk at Barclays Bank PLC in New York,
from employment in the banking industry and to impose a $487,500 fine on
him.
www.federalreserve.gov/newsevents/pressreleases/enforcement20180216a.htm
February 15, 2018 - Reinvesting After the Crisis: Changes in the
Fixed-Income Portfolios of Life Insurers By Andy Polacek - The years
following the Great Recession presented a unique set of challenges for
life insurers even as the U.S. economic recovery began to gain momentum.
www.chicagofed.org/publications/chicago-fed-letter/2018/390
February 15, 2018 - AgLetter : February 2018 By David Oppedahl- Farmland
values in the Seventh Federal Reserve District had an annual increase of
1 percent for 2017, following three consecutive yearly declines. Values
for “good” agricultural land in the fourth quarter of 2017 were overall
unchanged from the third quarter, according to 185 survey respondents
representing agricultural banks across the District.
www.chicagofed.org/publications/agletter/2015-2019/february-2018
February 15, 2018 - Final Rule to Remove References to Credit Ratings
from the FDIC's International Banking Regulations - On February 14,
2018, the FDIC Board of Directors adopted the attached final rule
amending the FDIC's international banking regulations related to
permissible investment activities and the pledging of assets.
www.fdic.gov/news/news/financial/2018/fil18009.html
February 15, 2018 - NCUA’s Four Permanent Funds Receive Clean Audit
Opinions for 2017 - Reports Cover Share Insurance Fund, Operating Fund,
CLF and CDRLF - The National Credit Union Administration’s four
permanent funds have again earned unmodified, or “clean,” audit opinions
for 2017, according to audited financial statements released today by
the agency’s Office of the Inspector General.
www.ncua.gov/newsroom/Pages/news-2018-feb-ncua-four-permanent-funds-receive-clean-audit-opinions-2017.aspx
February 15, 2018 - NCUA Board Approves $736 Million Share Insurance
Distribution in Q3 2018 - Share Insurance Fund Maintains Provisions for
Potential Losses - The National Credit Union Administration Board held
its second open meeting of 2018 at the agency’s headquarters here today
and unanimously approved two items:
www.ncua.gov/newsroom/Pages/news-2018-feb-ncua-board-approves-736-million-share-insurance-distribution.aspx
February 15, 2018 - OCC Assesses $75 Million Civil Money Penalty Against
U.S. Bank National Association - The Office of the Comptroller of the
Currency today announced a $75 million civil money penalty against U.S.
Bank National Association of Cincinnati, Ohio, for deficiencies in the
bank’s Bank Secrecy Act and anti-money laundering compliance program.
www.occ.gov/news-issuances/news-releases/2018/nr-occ-2018-17.html
February 15, 2018 - US Monetary Policy and International Bond Markets -
Simon Gilchrist, Vivian Yue, and Egon Zakrajsek - This paper uses
high-frequency data to analyze the effects of US monetary policy--during
the conventional and unconventional policy regimes--on foreign
government bonds markets in advanced and emerging market economies.
www.federalreserve.gov/econres/feds/2018.htm#2018014
February 15, 2018 - Statistical Releases - Industrial Production and
Capacity Utilization - G.17 - Industrial production edged down 0.1
percent in January following four consecutive monthly increases.
Manufacturing production was unchanged in January.
www.federalreserve.gov/releases/g17/Current/
February 15, 2018 - Federal Reserve Board issues enforcement action with
Clear Mountain Bank.
www.federalreserve.gov/newsevents/pressreleases/enforcement20180215b.htm
February 15, 2018 - Federal Reserve Board fines US Bancorp $15 million
and orders it to improve risk management and oversight - The Federal
Reserve Board on Thursday ordered Minneapolis-based US Bancorp to
improve risk management and oversight of its banking subsidiaries'
compliance with U.S. economic sanctions, and Bank Secrecy Act and
anti-money-laundering requirements.
www.federalreserve.gov/newsevents/pressreleases/enforcement20180215a.htm
______________________________
February 14, 2018 - Seven Fallacies Concerning Milton Friedman's "The
Role of Monetary Policy" - Edward Nelson - This paper analyzes Milton
Friedman's (1968) article "The Role of Monetary Policy," via a
discussion of seven fallacies concerning the article.
www.federalreserve.gov/econres/feds/files/2018013pap.pdf
February 14, 2018 - Notice of a Meeting under Expedited Procedures - A
closed meeting of the Board of Governors of the Federal Reserve System
was held at on February 14, 2018. Matter(s) considered: Periodic
Supervisory Update. Proposed Semiannual Monetary Policy Report and
Statement to the Congress.
www.federalreserve.gov/aboutthefed/boardmeetings/20180214closed.htm
February 13, 2018 - St. Louis Fed Hosts First Women in Economics
Symposium - Women majoring in economics and experts in the field will
gather Feb. 22, 2018, at the Women in Economics Symposium at the Federal
Reserve Bank of St. Louis.
www.stlouisfed.org/news-releases/2018/02/13/st-louis-fed-hosts-first-women-in-economics-symposium
February 13, 2018 - NCUA - January 2018 NCUA Board Meeting Video
Available - The video recording of the Jan. 25, 2018, open meeting of
the National Credit Union Administration Board is now available on the
agency’s website.
www.ncua.gov/newsroom/Pages/news-2018-feb-january-board-meeting-video-available.aspx
February 13, 2018 - Federal Reserve Board issues enforcement action with
Eric Scott Darty and termination of enforcement action with Cornerstone
Bancshares, Inc.
www.federalreserve.gov/newsevents/pressreleases/enforcement20180213a.htm
February 13, 2018 - FOIA - 2018 Reserve Bank Budgets.
www.federalreserve.gov/foia/budgets.htm
February 13, 2018 - Speech by Chairman Jerome H. Powell - Remarks at the
Ceremonial Swearing-in.
www.federalreserve.gov/newsevents/speech/powell20180213a.htm
February 13, 2018 - Federal Reserve Chairman Jerome H. Powell
participates in ceremonial swearing-in - Chairman Jerome H. Powell on
Tuesday participated in a ceremonial swearing-in event in the atrium of
the Board's main building in Washington.
www.federalreserve.gov/newsevents/pressreleases/other20180213a.htm
February 13, 2018 - Federal Reserve Board issues enforcement action with
Eric Scott Darty and termination of enforcement action with Cornerstone
Bancshares, Inc.
www.federalreserve.gov/newsevents/pressreleases/enforcement20180213a.htm
February 12, 2018 - Federal Reserve Board announces approval of
application by Howard Bancorp, Inc. - The Federal Reserve Board on
Monday announced its approval of the application under section 3 of the
Bank Holding Company Act of 1956 by Howard Bancorp, Inc., Ellicott City,
Maryland, to acquire First Mariner Bank, Baltimore, Maryland.
www.federalreserve.gov/newsevents/pressreleases/orders20180212a.htm
February 9, 2018 - Credit and Liquidity Programs and the Balance Sheet -
Recent balance sheet trends, weekly chart update.
www.federalreserve.gov/monetarypolicy/bst_recenttrends.htm
February 9, 2018 - Federal Open Market Committee - Historical memos from
2012, 2011, and 2005.
www.federalreserve.gov/monetarypolicy/fomc-memos.htm#m2012
February 8, 2018 - Monetary Policy for the Near and Long Term Remarks by
Esther L. George President and Chief Executive Officer Federal Reserve
Bank of Kansas City.
www.kansascityfed.org/~/media/files/publicat/speeches/2018/2018-george-wichita-02-08.pdf
February 8, 2018 - Household's Balance Sheets and the Effect of Fiscal
Policy - Javier Andrés, José E. Boscá, Javier Ferri, and Cristina
Fuentes-Albero - Using the Panel Survey of Income Dynamics, we identify
six household types as a function of their balance sheet composition.
www.federalreserve.gov/econres/feds/files/2018012pap.pdf
__________________________________
February 8, 2018 - St. Louis Fed Ag Survey: Ranchland and
Pastureland Value Increases Make History for AFM While Farm Income
Declines Continue for the Fourth Quarter.
www.stlouisfed.org/news-releases/2018/02/08/st-louis-fed-ag-survey-ranchland-and-pastureland-value-increases-make-history-for-afm
February 8, 2018 - Federal Reserve Board issues enforcement action with
Jacob H. Goldstein - Notice of Intent to Prohibit Jacob H. Goldstein,
former president and CEO of NBRS Financial, Rising Sun, Maryland, for
engaging in self-dealing transactions involving bank loans and
withholding material information from the NBRS board of directors.
www.federalreserve.gov/newsevents/pressreleases/enforcement20180208a.htm
February 7, 2018 - Some Thoughts on the Economic Outlook and Monetary
Policy - A speech delivered on February 7, 2018, before the Iowa Bankers
Association Bank Management Conference in Des Moines, IA.
www.chicagofed.org/publications/speeches/2018/02-07-2018-thoughts-on-economic-outlook-and-monetary-policy-iowa-bankers
February 7, 2018 - Midwest Agriculture’s Ties to the Global Economy By
David Oppedahl - Over a number of decades, agricultural exports have
become increasingly important to the bottom line of farmers in the
Midwest and other parts of the nation.
www.chicagofed.org/publications/chicago-fed-letter/2018/393
February 7, 2018 - OCC Releases CRA Evaluations for 16 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 January 1, 2018
through January 31, 2018.
www.occ.gov/news-issuances/news-releases/2018/nr-occ-2018-16.html
February 7, 2018 - OCC Assesses $50 Million Civil Money Penalty and
Terminates Consent Order Against Rabobank, N.A. - The Office of the
Comptroller of the Currency today announced a $50 million civil money
penalty against Rabobank, N.A., of Roseville, California, for
deficiencies in the bank’s Bank Secrecy Act and anti-money laundering
compliance program.
www.occ.gov/news-issuances/news-releases/2018/nr-occ-2018-15.html
February 7, 2018 - Legal Developments - June 21, October 3, 13, 17 (2
letters), and 18, November 3, 9 (2 letters), and 21, 2017; January 3 (2
letters), 2018.
www.federalreserve.gov/supervisionreg/ordersother2018.htm
February 7, 2018 - Statistical Release - Consumer Credit - G.19 -
Consumer credit increased at a seasonally adjusted annual rate of 7-3/4
percent during the fourth quarter. Revolving credit increased at an
annual rate of 9-3/4 percent, while nonrevolving credit increased at an
annual rate of 7 percent.
www.federalreserve.gov/releases/g19/current/default.htm
February 7, 2018 - Structure and Share Data for U.S. Banking Offices of
Foreign Entities - There are two reports showing the same structure and
asset information for each U.S. office, but in different orders.
www.federalreserve.gov/releases/iba/default.htm
February 7, 2018 - Inferring the Shadow Rate from Real Activity -
Benjamin Garcia and Arsenios Skaperdas - We estimate a shadow rate
consistent with the paths of time series capturing real activity.
www.federalreserve.gov/econres/feds/files/2017106pap.pdf
February 6, 2018 - Comptroller Statement on Meeting with the Acting
Director of the CFPB - Comptroller of the Currency Joseph M. Otting
today issued the following statement after meeting with Mick Mulvaney,
Office of Management and Budget Director and Acting Director of the
Consumer Financial Protection Bureau.
www.occ.gov/news-issuances/news-releases/2018/nr-occ-2018-14.html
February 6, 2018 - St. Louis Fed's Bullard Discusses the 2018 U.S.
Macroeconomic Outlook - Federal Reserve Bank of St. Louis President
James Bullard presented “Remarks on the 2018 U.S. Macroeconomic Outlook”
Tuesday during the Annual Economic Outlook Conference at the University
of Kentucky.
www.stlouisfed.org/news-releases/2018/02/06/bullard-macroeconomic-outlook
February 6, 2018 - FDIC Releases Economic Scenarios for 2018 Stress
Testing - The Federal Deposit Insurance Corporation today released the
economic scenarios that will be used by certain financial institutions
with total consolidated assets of more than $10 billion for stress tests
required under the Dodd-Frank Wall Street Reform and Consumer Protection
Act of 2010.
www.fdic.gov/news/news/press/2018/pr18009.html
February 6, 2018 - Federal Reserve Board announces termination of
enforcement action with CBOA Financial, Inc.
www.federalreserve.gov/newsevents/pressreleases/enforcement20180206a.htm
February 5, 2018 - St. Louis Fed’s Mary Suiter Awarded for Inspiring
Economic Teachers - Assistant Vice President Mary Suiter, the economic
education officer at the Federal Reserve Bank of St. Louis, has been
named the 2018 winner of the James O'Neill Economic Education Multiplier
Award from the National Association of Economic Educators.
www.stlouisfed.org/news-releases/2018/02/05/st-louis-fed-mary-suiter-awarded-for-inspiring-economic-teachers
February 5, 2018 - OCC to Host Innovation Office Hours and Listening
Session in Chicago - The Office of the Comptroller of the Currency today
announced the date and location for its upcoming Innovation Office Hours
and inaugural Listening Session.
www.occ.gov/news-issuances/news-releases/2018/nr-occ-2018-13.html
February 5, 2018 - Comptroller Congratulates Outgoing Federal Reserve
Chair Yellen - Comptroller of the Currency Joseph M. Otting issued the
following statement congratulating outgoing Chair of the Board of
Governors of the Federal Reserve System Janet L. Yellen.
www.occ.gov/news-issuances/news-releases/2018/nr-occ-2018-11.html
February 5, 2018 - 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.
www.fdic.gov/news/news/press/2018/pr18007.html
February 5, 2018 - Senior Loan Officer Opinion Survey on Bank Lending
Practices, January 2018 - Survey of up to eighty large domestic banks
and twenty-four U.S. branches and agencies of foreign banks. The Federal
Reserve generally conducts the survey quarterly, timing it so that
results are available for the January/February, April/May, August, and
October/November meetings of the Federal Open Market Committee.
www.federalreserve.gov/data/sloos.htm
February 5, 2018 - Agencies seek comment on proposed amendments to swap
margin rule - Five federal agencies propose to amend swap margin
requirements to conform with recent rule changes that impose new
restrictions on certain qualified financial contracts of systemically
important banking organizations. Under the proposed amendments, legacy
swaps entered into before the applicable compliance date would not
become subject to the margin requirements if they are amended solely to
comply with the requirements of the QFC Rules.
Press Release:
www.federalreserve.gov/newsevents/pressreleases/bcreg20180205a.htm
Press Release:
www.fdic.gov/news/news/press/2018/pr18008.html
Press Release:
www.occ.gov/news-issuances/news-releases/2018/nr-ia-2018-12.html
February 5, 2018 - Jerome H. Powell sworn in as Chairman of the Board of
Governors of the Federal Reserve System.
www.federalreserve.gov/newsevents/pressreleases/other20180205a.htm
February 2, 2018 - Comptroller of the Currency Otting Hosts Former
Agency Leaders to Mark OCC’s 155th Anniversary - The 31st Comptroller of
the Currency Joseph M. Otting hosted former Comptrollers and former
Acting Comptrollers as the Office of the Comptroller of the Currency
begins its 156th year overseeing the federal banking system.
www.occ.gov/news-issuances/news-releases/2018/nr-occ-2018-10.html
February 2, 2018 - Federal Reserve Bank of Kansas City announces
economic advisory council appointments - The Federal Reserve Bank of
Kansas City recently appointed new members to its Economic Advisory
Council.
www.kansascityfed.org/~/media/files/publicat/newsroom/2018/pressreleaseeac2018.pdf
February 2, 2018 - Kansas City Fed appoints community depository
institutions advisory council members - The Federal Reserve Bank of
Kansas City recently announced the following appointments to its
Community Depository Institutions Advisory Council.
www.kansascityfed.org/~/media/files/publicat/newsroom/2018/pressreleasecdiac2018.pdf
February 2, 2018 - Kansas City Fed names advisory council appointments -
The Federal Reserve Bank of Kansas City has announced two appointments
to its Community Development Advisory Council for 2018.
www.kansascityfed.org/~/media/files/publicat/newsroom/2018/pressreleasecdac2018.pdf
February 2, 2018 - SF Fed’s Williams: The Outlook is Positive, but the
Economy hasn’t Fundamentally Shifted into a Higher Gear - Today, John C.
Williams, President and CEO of the Federal Reserve Bank of San
Francisco, described the current economic outlook and gave his views on
monetary policy to a meeting of the Financial Women of San Francisco.
www.frbsf.org/our-district/press/news-releases/2018/john-williams-outlook-is-positive-but-the-economy-hasnt-fundamentally-shifted-into-a-higher-gear/
February 2, 2018 - Community Bank Webinar: Implementation Examples for
the Current Expected Credit Losses Methodology - The FDIC and the
Federal Reserve Board, in conjunction with the Financial Accounting
Standards Board, the U.S. Securities and Exchange Commission, and the
Conference of State Bank Supervisors, will host a webinar to discuss how
smaller, less complex community institutions can implement CECL.
www.fdic.gov/news/news/financial/2018/fil18008.html
February 2, 2018 - FOIA - Chair Yellen's calendar, December 2017.
www.federalreserve.gov/foia/chairscalendar.htm
February 2, 2018 - Credit and Liquidity Programs and the Balance Sheet -
Recent balance sheet trends, weekly chart update.
www.federalreserve.gov/monetarypolicy/bst_recenttrends.htm
February 1, 2018 - Measuring Geopolitical Risk - Dario Caldara and
Matteo Iacoviello - We present a monthly indicator of geopolitical risk
based on a tally of newspaper articles covering geopolitical tensions,
and examine its evolution and effects since 1985.
www.federalreserve.gov/econres/ifdp/files/ifdp1222.pdf
February 2, 2018 - A Global Lending Channel Unplugged? Does U.S.
Monetary Policy Affect Cross-border and Affiliate Lending by Global U.S.
Banks? - Judit Temesvary, Steven Ongena, and Ann L. Owen - We examine
how U.S. monetary policy affects the international activities of U.S.
Banks.
www.federalreserve.gov/econres/feds/files/2018008pap.pdf
February 2, 2018 - Changing Business Dynamism and Productivity: Shocks
vs. Responsiveness - Ryan A. Decker, John Haltiwanger, Ron S. Jarmin,
and Javier Miranda - The pace of job reallocation has declined in all
U.S. sectors since 2000. In standard models, aggregate job reallocation
depends on (a) the dispersion of idiosyncratic productivity shocks faced
by businesses and (b) the marginal responsiveness of businesses to those
shocks.
www.federalreserve.gov/econres/feds/files/2018007pap.pdf
February 1, 2018 - OCC Releases Dodd-Frank Act Stress Test Scenarios for
2018 - The Office of the Comptroller of the Currency released economic
and financial market scenarios for use in the upcoming stress tests for
covered institutions with more than $10 billion in assets.
www.occ.gov/news-issuances/news-releases/2018/nr-occ-2018-9.html
_______________________
February 1, 2018 - Seymour, Ind., Banker Appointed to St. Louis Fed Advisory
Council - Marvin Veatch, president and CEO of Jackson County Bank in Seymour,
has been appointed to a three-year term ending in 2020.
www.stlouisfed.org/news-releases/2018/02/01/seymour-ind-banker-appointed-to-st-louis-fed-advisory-council
February 1, 2018 - St. Louis Fed Appoints Members of Banking Advisory Council -
The Federal Reserve Bank of St. Louis has appointed four new members to its
Community Depository Institutions Advisory Council, which advises St. Louis Fed
President James Bullard on the credit, banking and economic conditions facing
council members’ institutions and local communities.
www.stlouisfed.org/news-releases/2018/02/01/st-louis-fed-appoints-members-of-banking-advisory-council
February 1, 2018 - Mountain View, Ark., Banker Appointed to St. Louis Fed
Advisory Council - Margaret “Marnie” Oldner, CEO of Stone Bank in Mountain View,
has been appointed to a three-year term ending in 2020.
www.stlouisfed.org/news-releases/2018/02/01/mountain-view-ark-banker-appointed-to-st-louis-fed-advisory-council
February 1, 2018 - Louisville, Ky., Banker Appointed Chair of St. Louis Fed
Advisory Council - Ann Cowley Wells, chair and co-CEO of Commonwealth Bank and
Trust Co. in Louisville, will serve a three-year term as chair ending in 2020.
www.stlouisfed.org/news-releases/2018/02/01/louisville-banker-appointed-chair-of-st-louis-fed-advisory-council
February 1, 2018 - Stuttgart, Ark., Banker Appointed to St. Louis Fed Advisory
Council - Gary Hudson, president and CEO of Farmers and Merchants Bank in
Stuttgart, has been appointed to a two-year term ending in 2019.
www.stlouisfed.org/news-releases/2018/02/01/stuttgart-ark-banker-appointed-to-st-louis-fed-advisory-council
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