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January 31, 2012 - Financial Disclosures - In order to promote
transparency and in response to media interest, the Federal Bank
of Chicago is making available financial disclosure forms and
related documents filed by Bank President Charles Evans with the
Chicago Fed's Ethics Officer. The information covers the years
he served in his current position through 2010, the most recent
year of filing.
www.chicagofed.org/webpages/utilities/about_us/financial_discloures.cfm
January 31, 2012 - Acting Comptroller of the Currency Discusses
Challenges Facing Community Banks - Acting Comptroller of the
Currency John Walsh discussed challenges facing community banks
and thrifts during a speech before attendees of a conference
sponsored by Bank Director magazine in Phoenix, January 30.
www.occ.gov/news-issuances/news-releases/2012/nr-occ-2012-14.html
January 31, 2012 - Financial Disclosure and Code of Conduct - In
order to promote transparency and in response to media interest,
the Federal Reserve banks are today each making available the
financial disclosure forms and related documents filed by their
current president with their respective Federal Reserve Bank
ethics officer.
www.stlouisfed.org/newsroom/displayNews.cfm?article=1278
January 31, 2012 - FRED App Now Available for Android Devices -
The Federal Reserve Bank of St. Louis has released a version of
its FRED® app that allows users of Android -powered devices to
access FRED’s extensive collection of economic data on their
smartphones and tablets.
www.stlouisfed.org/newsroom/displayNews.cfm?article=1276
January 31, 2012 - Payment Processor Relationships - Revised
Guidance - Attached is revised guidance describing potential
risks associated with relationships with third-party entities
that process payments for telemarketers, online businesses, and
other merchants (collectively "merchants").
www.fdic.gov/news/news/financial/2012/fil12003.html
January 31, 2012 - FDIC to Host Conference on "The Future of
Community Banking"; Scheduled Speakers Include Bernanke,
Gruenberg - The FDIC will host a national conference on "The
Future of Community Banking" on February 16, 2012.
www.fdic.gov/news/news/press/2012/pr12014.html
January 31, 2012 - Agencies Issue Guidance on Junior Lien Loan
Loss Allowances - Four federal financial regulatory agencies on
Tuesday issued supervisory guidance on allowance for loan and
lease losses estimation practices associated with loans and
lines of credit secured by junior liens on one- to four-family
residential properties.
Press Release:
www.federalreserve.gov/newsevents/press/bcreg/20120131a.htm
Press Release:
www.fdic.gov/news/news/press/2012/pr12015.html
Press Release:
www.fdic.gov/news/news/financial/2012/fil12004.html
Press Release:
www.occ.gov/news-issuances/news-releases/2012/nr-ia-2012-15.html
Press Release:
www.ncua.gov/News/Pages/NW2012JointReleaseJuniorLiens.aspx
January 31, 2012 - Federal Reserve Board issues enforcement
actions with Bank of Bartlett and Capitol City Bancshares, Inc.
www.federalreserve.gov/newsevents/press/enforcement/20120131a.htm
January 30, 2012 - Indicators of economic conditions in low- to
moderate-income community show improvement - Indicators of
economic and financial conditions in the Tenth Federal Reserve
District’s low- to moderate-income community showed marked
improvement during the fourth quarter of 2011 after several
quarters of sluggish performance, according to the Federal
ReserveBank of Kansas City’s quarterly LMI Survey.
www.kc.frb.org/publicat/newsroom/2012pdf/press.release.01.30.12.pdf
January 30, 2012 - The Chicago Fed Midwest Manufacturing Index (CFMMI)
increased 1.7% in December, to a seasonally adjusted level of
87.4.
www.chicagofed.org/webpages/research/data/cfmmi/current_data.cfm
January 30, 2012 - NCUA Initiates Free Economic Update Series
for Credit Unions on YouTube - The National Credit Union
Administration today released on the agency’s official YouTube
channel the first in a regular series of videos by Office of the
Chief Economist (OCE). NCUA has designed the series to inform
credit unions and the public about economic developments
affecting the credit union industry and the overall economy.
www.ncua.gov/News/Pages/NW20120130EconVideo.aspx
January 30, 2012 - NCUA Posts Regulations to be Reviewed in 2012
- Public Comments Invited for Annual Review of One-Third of NCUA
Rules - The National Credit Union Administration has posted a
list of regulations to be reviewed in 2012, and the agency is
now accepting public comments on the substance and wording of
each rule.
www.ncua.gov/News/Pages/NW20120130RegReview.aspx
January 30, 2012 - Media Advisory* St. Louis Fed President James
Bullard Will Speak at Union League Club of Chicago.
www.stlouisfed.org/newsroom/displayNews.cfm?article=1277
January 30, 2012 - Quantifying the Role of Federal and State
Taxes in Mitigating Wage Inequality - Daniel H. Cooper, Byron F.
Lutz, and Michael G. Palumbo - Abstract: Wage inequality has
risen dramatically in the United States since at least 1980.
This paper quantifies the role that the tax policies of the
federal and state governments have played in mitigating wage
inequality.
www.federalreserve.gov/pubs/feds/2012/201205/201205abs.html
January 30, 2012 - The January 2012 Senior Loan Officer Opinion
Survey on Bank Lending Practices.
www.federalreserve.gov/boarddocs/SnLoanSurvey/201201/default.htm
January 30, 2012 - Regulatory Reform - Communications with the
public through January 30, 2012.
www.federalreserve.gov/newsevents/reform_meetings.htm
January 27, 2012 - U.S. Bank National Association, Cincinnati,
Ohio, Assumes All of the Deposits of BankEast, Knoxville,
Tennessee - BankEast, Knoxville, Tennessee, was closed today by
the Tennessee Department of Financial Institutions, which
appointed the Federal Deposit Insurance Corporation as receiver.
To protect the depositors, the FDIC entered into a purchase and
assumption agreement with U.S. Bank National Association,
Cincinnati, Ohio, to assume all of the deposits of BankEast.
www.fdic.gov/news/news/press/2012/pr12013.html
January 27, 2012 - First Resource Bank, Savage, Minnesota,
Assumes All of the Deposits of Patriot Bank Minnesota, Forest
Lake, Minnesota - Patriot Bank Minnesota, Forest Lake,
Minnesota, was closed today by the Minnesota Department of
Commerce, which appointed the Federal Deposit Insurance
Corporation as receiver. To protect the depositors, the FDIC
entered into a purchase and assumption agreement with First
Resource Bank, Savage, Minnesota, to assume all of the deposits
of Patriot Bank Minnesota.
www.fdic.gov/news/news/press/2012/pr12012.html
January 27, 2012 - NCUA Touts Earned Income Tax Credit -
Qualified Taxpayers Can Receive up to $5,751 by Filing with the
IRS - The National Credit Union Administration is joining the
Internal Revenue Service and other federal agencies to once
again alert qualified tax payers and remind credit unions
providing tax assistance services of the Earned Income Tax
Credit. Taxpayers who qualify and claim the credit could pay
less federal tax, pay no tax, or even get a substantial tax
refund.
www.ncua.gov/News/Pages/NW20120127EarnedIncTaxCr.aspx
January 27, 2012 - Inflation Targeting Resources from the
Federal Reserve Bank of St. Louis - President Bullard's Remarks
on Inflation Targeting - "Inflation targeting is another way to
force more accountability to the central bank and anchor
longer-term inflation expectations. Make the central bank say
what it intends to do, and hold the central bank accountable for
achieving the goal. In this sense, inflation targeting is the
modern successor to a commodity standard."
www.stlouisfed.org/inflation-targeting/
January 27, 2012 - Republic Bank & Trust Company, Louisville,
Kentucky, Assumes All of the Deposits of Tennessee Commerce
Bank, Franklin, Tennessee - Tennessee Commerce Bank, Franklin,
Tennessee, was closed today by the Tennessee Department of
Financial Institutions, which appointed the Federal Deposit
Insurance Corporation as receiver. To protect the depositors,
the FDIC entered into a purchase and assumption agreement with
Republic Bank & Trust Company, Louisville, Kentucky, to assume
all of the deposits of Tennessee Commerce Bank.
www.fdic.gov/news/news/press/2012/pr12011.html
January 27, 2012 - Credit and Liquidity Programs and the Balance
Sheet - Recent balance sheet trends, weekly chart data update
www.federalreserve.gov/monetarypolicy/bst_recenttrends.htm
_______________________
January 27, 2012 - FDIC Makes Public December Enforcement
Actions; No Administrative Hearings Scheduled for February 2012
- The Federal Deposit Insurance Corporation (FDIC) today
released a list of orders of administrative enforcement actions
taken against banks and individuals in December. No
administrative hearings are scheduled.
http://www.fdic.gov/news/news/press/2012/pr12009.html
January 26, 2012 - Economic Activity Improved in December - The
Chicago Fed National Activity Index was +0.17 in December, up
from –0.46 in November.
www.chicagofed.org/webpages/research/data/cfnai/current_data.cfm
January 26, 2012 - Recently Certified CDFI Banks and the CDFI
Banking Sector - Robin Newberger - The Community Development
Financial Institutions Fund came into existence in 1995 with the
mission to “expand the capacity of financial institutions to
provide credit, capital, and financial services to underserved
populations and communities in the United States.”
www.chicagofed.org/webpages/index.cfm
January 26, 2012 - NCUA - Board Action Bulletin - NCUA Supports
Regulatory Relief in Loan Modification Proposal - Board also
Finalizes Interest Rate Risk Rule, Proposes Derivatives for
Credit Unions to Hedge Interest Rate Risk.
www.ncua.gov/about/Pages/Board%20Actions/BAB20120126.aspx
January 26, 2012 - NCUA Issues Prohibition Order - The National
Credit Union Administration has issued an order prohibiting the
following individual from participating in the affairs of any
federally insured financial institution.
www.ncua.gov/News/Pages/NW20120126Prohibition.aspx
January 26, 2012 - Office of the Comptroller of the Currency
Supports Earned Income Tax Credit Awareness Day, January 27,
2012 - Acting Comptroller of the Currency John Walsh today
issued the following statement recognizing Earned Income Tax
Credit Awareness Day.
www.occ.gov/news-issuances/news-releases/2012/nr-occ-2012-12.html
January 26, 2012 - FDIC Conducts Meeting of Systemic Resolution
Advisory Committee - The FDIC on Wednesday held the second
meeting of the Systemic Resolution Advisory Committee. The FDIC
created the advisory committee after the passage of Dodd-Frank
to provide advice and recommendations on a broad range of issues
relevant to the failure and resolution of a systemically
important financial company.
www.fdic.gov/news/news/press/2012/pr12008.html
January 26, 2012 - Computing DSGE Models with Recursive
Preferences and Stochastic Volatility - Dario Caldara, Jesus
Fernandez-Villaverde, Juan Rubio-Ramirez, and Yao Wen - This
paper compares different solution methods for computing the
equilibrium of dynamic stochastic general equilibrium models
with recursive preferences such as those in Epstein and Zin
(1989 and 1991) and stochastic volatility.
www.federalreserve.gov/pubs/feds/2012/201204/201204pap.pdf
January 26, 2012 - The Federal Reserve Board announced on
Thursday that Chairman Ben S. Bernanke will deliver a series of
lectures aimed at college students. Beginning on March 20, he
will lead four classes on "The Federal Reserve and its Role in
Today's Economy" as part of a course offered to undergraduates
at the George Washington University School of Business. The
class will feature a variety of speakers who will discuss
central banking. Chairman Bernanke's lectures are scheduled for
March 20, 22, 27 and 29 and will begin at 12:45 pm EDT.
www.federalreserve.gov/newsevents/press/other/20120126a.htm
January 25, 2012 - 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
January 25, 2012 - Following careful deliberations at its recent
meetings, the Federal Open Market Committee has reached broad
agreement on the following principles regarding its longer-run
goals and monetary policy strategy.
www.federalreserve.gov/newsevents/press/monetary/20120125c.htm
January 25, 2012 - Federal Reserve Board and Federal Open Market
Committee release economic projections from the January 24-25
FOMC meeting - The Federal Reserve Board and the Federal Open
Market Committee on Wednesday released the attached table and
charts summarizing the economic projections and the target
federal funds rate projections made by Federal Reserve Board
members and Federal Reserve Bank presidents for the January
24-25 meeting of the Committee.
www.federalreserve.gov/newsevents/press/monetary/20120125b.htm
January 25, 2012 - Federal Reserve issues FOMC statement -
Information received since the Federal Open Market Committee met
in December suggests that the economy has been expanding
moderately, notwithstanding some slowing in global growth.
www.federalreserve.gov/newsevents/press/monetary/20120125a.htm
January 24, 2012 - What are the Risks and Opportunities on the
Horizon for Community Banking? - Chicago Fed Letter explores the
direct and indirect effects of the Dodd–Frank Act on community
banks and other related issues.
http://chicagofed.org/digital_assets/publications/chicago_fed_letter/2012/cflfebruary2012_295b.pdf
January 24, 2012 - Acting Comptroller Talks About Securitization
and Derivatives at the American Securitization Forum - Acting
Comptroller of the Currency John Walsh today spoke to attendees
of the annual American Securitization Forum conference about the
role of securitization in the economy and efforts to better
understand and manage the risks associated with derivatives.
www.occ.gov/news-issuances/news-releases/2012/nr-occ-2012-11.html
January 24, 2012 - OCC Seeks Comment on Proposed Rule Regarding
Annual Stress Tests - The Office of the Comptroller of the
Currency today announced it is seeking comment on a notice of
proposed rulemaking implementing section 165(i)(2) of the
Dodd-Frank Wall Street Reform and Consumer Protection Act.
www.occ.gov/news-issuances/news-releases/2012/nr-occ-2012-10.html
January 23, 2012 - Keith Smith Appointed Chairman of Los Angeles
Branch - Federal Reserve Board Keith Smith - The Federal Reserve
Bank of San Francisco appointed Keith Smith chairman of the Los
Angeles Branch board of directors, effective January 1, 2012. In
addition, The Board of Governors of the Federal Reserve System
appointed Mr. Smith for a three-year term commencing January 1,
2012.
www.frbsf.org/news/releases/2012/0123.html?utm_source=releases
January 23, 2012 - Regulatory Reform - Communications with the
public through January 23, 2012.
www.federalreserve.gov/newsevents/reform_meetings.htm
January 20, 2012 - Capital Bank, National Association,
Rockville, Maryland, Assumes All of the Deposits of American
Eagle Savings Bank, Boothwyn, Pennsylvania - American Eagle
Savings Bank, Boothwyn, Pennsylvania, was closed today by the
Office of the Comptroller of the Currency, which appointed the
Federal Deposit Insurance Corporation as receiver. To protect
the depositors, the FDIC entered into a purchase and assumption
agreement with Capital Bank, National Association, Rockville,
Maryland, to assume all of the deposits of American Eagle
Savings Bank.
www.fdic.gov/news/news/press/2012/pr12007.html
January 20, 2012 - 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/2012/nr-occ-2012-8.html
January 20, 2012 - Hamilton State Bank, Hoschton, Georgia,
Assumes All of the Deposits of the First State Bank,
Stockbridge, Georgia - The First State Bank, Stockbridge,
Georgia, was closed today by the Georgia Department of Banking
and Finance, which appointed the Federal Deposit Insurance
Corporation as receiver. To protect the depositors, the FDIC
entered into a purchase and assumption agreement with Hamilton
State Bank, Hoschton, Georgia, to assume all of the deposits of
The First State Bank.
www.fdic.gov/news/news/press/2012/pr12006.html
January 20, 2012 - CenterState Bank of Florida, National
Association, Winter Haven, Florida, Assumes All of the Deposits
of Central Florida State Bank, Belleview, Florida - Central
Florida State Bank, Belleview, Florida, was closed today by the
Florida Office of Financial Regulation, which appointed the
Federal Deposit Insurance Corporation as receiver. To protect
the depositors, the FDIC entered into a purchase and assumption
agreement with CenterState Bank of Florida, National
Association, Winter Haven, Florida, to assume all of the
deposits of Central Florida State Bank.
www.fdic.gov/news/news/press/2012/pr12005.html
January 20, 2012 - Reports to the Congress - Government
Performance and Results Act Reports - Although the Federal
Reserve Board is not covered by the Government Performance and
Results Act of 1993, the Board has chosen to voluntarily comply
with the spirit of the act.
www.federalreserve.gov/publications/gpra/files/2011-gpra-performance-report.pdf
January 20, 2012 - Credit and Liquidity Programs and the Balance
Sheet - Recent balance sheet trends, weekly chart data update.
www.federalreserve.gov/monetarypolicy/bst_recenttrends.htm
January 20, 2012 - Credit and Liquidity Programs and the Balance
Sheet January 2012 Report.
www.federalreserve.gov/monetarypolicy/files/monthlyclbsreport201201.pdf
January 20, 2012 - The Federal Reserve on Friday released blank
templates showing the format of the two charts it will use on
January 25 to report Federal Open Market Committee participants'
projections of the appropriate target federal funds rate. It
also released a draft of an explanatory note that will accompany
the projections.
www.federalreserve.gov/newsevents/press/monetary/20120120a.htm
_________________________________
January 20, 2012 - OCC Enforcement Actions - The Office of the
Comptroller of the Currency (OCC) today released new enforcement
actions taken against national banks, federal savings
associations, and individuals currently and formerly affiliated
with national banks and federal savings associations.
http://www.occ.treas.gov/news-issuances/news-releases/2012/nr-occ-2012-8.html
January 19, 2012 - Office of the Comptroller of the Currency
Hosts Workshop in Florida - The Office of the Comptroller of the
Currency will host a workshop for directors of nationally
chartered community banks and federal savings associations in
Fort. Lauderdale, Florida, at the Westin Fort Lauderdale,
February 27-29, 2012.
www.occ.gov/news-issuances/news-releases/2012/nr-occ-2012-7.html
January 19, 2012 - Federal Bank of Kansas City Announces
Promotions - The following officer promotions, effective Jan.
16, were recently announced by Esther George, president and CEO
of the Federal Reserve Bank of Kansas City.
http://www.kc.frb.org/publicat/newsroom/2012pdf/press.release.01.19.12.pdf
January 19, 2012 - The Effect of Endogenous Human Capital
Accumulation on Optimal Taxation - William B. Peterman - This
paper considers the impact of endogenous human capital
accumulation on optimal tax policy in a life cycle model.
Including endogenous human capital accumulation, either through
learning-by-doing or learning-or-doing, is analytically shown to
create a motive for the government to use age-dependent labor
income taxes.
www.federalreserve.gov/pubs/feds/2012/201203/201203pap.pdf
January 19, 2012 - Federal Reserve Board issues enforcement
action with Tennessee Central Bancshares.
www.federalreserve.gov/newsevents/press/enforcement/20120119a.htm
January 18, 2012 - Rising farmland values: Causes and cautions -
by David B. Oppedahl, business economist - On November 15, 2011,
the Federal Reserve Bank of Chicago held a conference to explore
what has been driving the large and rapid increases in Midwest
farmland values.
www.chicagofed.org/digital_assets/publications/chicago_fed_letter/2012/cflfebruary2012_295a.pdf
January 18, 2012 - OCC Will Hold Hearing on Charges against
Patrick Adams; Agency Seeks Personal Cease & Desist Order and
$100,000 Civil Money Penalty - The Office of the Comptroller of
the Currency today announced a public hearing before an
Administrative Law Judge beginning Monday, January 23, 2012,
concerning an enforcement proceeding against Patrick Adams,
former President and Chief Executive Officer of T Bank, N.A.,
Dallas, Texas.
www.occ.gov/news-issuances/news-releases/2012/nr-occ-2012-6.html
January 18, 2012 - Acting Comptroller of the Currency Testifies
on Volcker Rule - Acting Comptroller of the Currency John Walsh
testified today before a joint hearing of two House Financial
Services subcommittees on Section 619 of the Dodd-Frank Wall
Street Reform and Consumer Protection Act, commonly known as the
Volcker Rule.
www.occ.gov/news-issuances/news-releases/2012/nr-occ-2012-5.html
January 18, 2012 - Membership Appointments to Federal Reserve
Bank of San Francisco's Economic Advisory Council - Ian T.
Clark, Philip L. Francis, George Zinn - The Federal Reserve Bank
of San Francisco announced that Mary F. Kaiser, president of
California Community Reinvestment Corporation, and Alfred A.
Plamann, CEO of Unified Grocers, Inc., were reappointed as chair
and vice chair of the Federal Reserve Bank of San Francisco’s
Economic Advisory Council.
www.frbsf.org/news/releases/2012/0118.html?utm_source=releases
January 18, 2012 - International Training & Assistance for Bank
Supervisors - 2012 ITA Course Catalog.
www.federalreserve.gov/bankinforeg/ita/about_ita.htm
January 18, 2012 - Governor Daniel K. Tarullo - The Volcker Rule
- Before the Subcommittee on Capital Markets and Government
Sponsored Enterprises and the Subcommittee on Financial
Institutions and Consumer Credit, Committee on Financial
Services, U.S. House of Representatives, Washington, D.C.
www.federalreserve.gov/newsevents/testimony/tarullo20120118a.htm
January 17, 2012 - OCC Issues Monthly Cost of Funds Reports for
November - The Office of the Comptroller of the Currency today
issued the monthly Cost of Funds reports, which provide
information about funding costs, as of November 30, 2011, for
institutions formerly regulated by the Office of Thrift
Supervision.
www.occ.gov/news-issuances/news-releases/2012/nr-occ-2012-4.html
January 17, 2012 - FDIC Board Proposes Stress Testing Regulation
for Large Banks - The FDIC today approved a notice of proposed
rulemaking that would require certain large insured depository
institutions to conduct annual capital-adequacy stress tests.
www.fdic.gov/news/news/press/2012/pr12004.html
January 17, 2012 - FDIC Board Approves Final Rule Requiring
Resolution Plans for Insured Depository Institutions Over $50
Billion - The FDIC today approved a final rule requiring an
insured depository institution with $50 billion or more in total
assets to submit to the FDIC periodic contingency plans for
resolution in the event of the institution's failure.
www.fdic.gov/news/news/press/2012/pr12003.html
January 17, 2012 - Regulatory Reform - Communications with the
public through January 17, 2012.
www.federalreserve.gov/newsevents/reform_meetings.htm
January 17, 2012 - Questions and Answers on Interagency Advisory
on Interest Rate Risk Management - On January 11, 2010, the
Federal Reserve and the other financial regulators1 published an
Advisory on Interest Rate Risk Management.
www.federalreserve.gov/bankinforeg/srletters/sr1202.htm
January 17, 2012 - Federal Reserve Board issues enforcement
action with Southwest Florida Community Bancorp, Inc.
www.federalreserve.gov/newsevents/press/enforcement/20120117a.htm
January 16, 2012 - Governor Elizabeth A. Duke - From Community
Banker to Central Banker--My Journey - At the Robins School of
Business, Robins Executive Speaker Series, University of
Richmond, Richmond, Virginia.
www.federalreserve.gov/newsevents/speech/duke20120116a.htm
January 13, 2012 - Midwest Economic Activity Improved in Late
2011 - The Federal Reserve's 'Beige Book' showed the rate of
growth of economic activity in the Seventh District picked up in
late November and December.
www.federalreserve.gov/fomc/beigebook/2012/20120111/7.htm
January 13, 2012 - St. Louis Fed’s Bullard Discusses Fiscal
Approaches to Stabilization Policy - Federal Reserve Bank of St.
Louis President James Bullard discussed his new research paper,
titled “Death of a Theory,” with members of various financial
institutions and local business leaders on Friday at the Edward
Jones Annual Meeting.
www.stls.frb.org/newsroom/displayNews.cfm?article=1262
January 13, 2012 - Using Policy Intervention to Identify
Financial Stress - Mark A. Carlson, Kurt F. Lewis, and William
R. Nelson - This paper describes the construction of a financial
stress index. This stress index differs from other indexes in
that it incorporates the co-movement and volatility of financial
series as well as the levels of the series.
www.federalreserve.gov/pubs/feds/2012/201202/201202pap.pdf
January 13, 2012 - Credit and Liquidity Programs and the Balance
Sheet - Recent balance sheet trends, weekly chart data update.
www.federalreserve.gov/monetarypolicy/bst_recenttrends.htm
January 13, 2012 - Governor Elizabeth A. Duke - Opportunities to
Reduce Regulatory Burden and Improve Credit Availability - At
the 2012 Bank Presidents Seminar, California Bankers
Association, Santa Barbara, California.
www.federalreserve.gov/newsevents/speech/duke20120113a.htm
January 13, 2012 - Federal Reserve Board announces appointment
of Jon Faust as special adviser in the Office of Board Members.
www.federalreserve.gov/newsevents/press/other/20120113a.htm
______________________
January 12, 2012 - Supervisory Guidance - Interest Rate Risk
Management: Frequently Asked Questions - The FDIC, with the
other Federal Financial Institutions Examination Council
agencies, has issued responses to questions received following
the issuance of the Interagency Advisory on Interest Rate Risk
Management on October 24, 2010.
www.fdic.gov/news/news/financial/2012/fil12002.html
January 12, 2012 - NCUA - Financial Institution Regulators Issue
FAQs on Interest Rate Risk Management - The Federal Financial
Institutions Examination Council today released answers to
Frequently Asked Questions about the January 2010 advisory on
Interest Rate Risk Management.
www.ncua.gov/News/Pages/NW20120112FFIEC.aspx
January 12, 2012 - Video - 2011 College Fed Challenge National
Finals.
www.federalreserve.gov/mediacenter/media.htm
January 12, 2012 - Federal Open Market Committee - 2006
Committee meeting transcripts and presentation materials.
www.federalreserve.gov/monetarypolicy/fomchistorical2006.htm
January 11, 2012 - FDIC Announces Winning Bidder for Small
Investor Program Sale - The Federal Deposit Insurance
Corporation has closed on the third sale in its Small Investor
Program. The competitive bidding process involved the sale of a
25 percent initial equity stake in a limited liability company
formed by the FDIC in its receivership capacity to hold certain
loans of the Bank of Whitman, Colfax, Washington, which failed
on August 5, 2011.
www.fdic.gov/news/news/press/2012/pr12002.html
January 11, 2012 - Economic Outlook Symposium: Summary of 2011
results and 2012 forecasts by William A. Strauss, senior
economist and economic advisor, and Norman Wang, associate
economist - According to participants in the Chicago Fed’s
annual Economic Outlook Symposium, the U.S. economy is
forecasted to grow at a pace below its historical average in
2012, following a year with an even slower rate of growth;
inflation is expected to ease in 2012; and the unemployment rate
is predicted to edge down this year.
www.chicagofed.org/digital_assets/publications/chicago_fed_letter/2012/cflfebruary2012_295.pdf
January 11, 2012 - FDIC Announces Winning Bidder for Small
Investor Program Sale - The Federal Deposit Insurance
Corporation (FDIC) has closed on the third sale in its Small
Investor Program. The competitive bidding process involved the
sale of a 25 percent initial equity stake in a limited liability
company formed by the FDIC in its receivership capacity to hold
certain loans of the Bank of Whitman, Colfax, Washington, which
failed on August 5, 2011.
www.fdic.gov/news/news/press/2012/pr12002.html
January 11, 2012 - Beige Book - Informal review by the Federal
Reserve Banks of current economic conditions in their Districts
www.federalreserve.gov/fomc/beigebook/2012/default.htm
January 11, 2012 - NCUA Chairman Matz to Host Free Webinar with
CFPB Director Cordray - National Credit Union Administration
Board Chairman Debbie Matz will host a free webinar with Richard
Cordray, the first Presidentially appointed director of the
Consumer Financial Protection Bureau, on Wednesday, Feb. 8, at 3
p.m. EST.
www.ncua.gov/News/Pages/NW20120111Webinar.aspx
January 10, 2012 - NCUA Issues Prohibition Order - The National
Credit Union Administration (NCUA) has issued an order
prohibiting the following individual from participating in the
affairs of any federally insured financial institution.
www.ncua.gov/News/Pages/NW2011Prohibition-Ansari.aspx
January 10, 2012 - Office of the Comptroller of the Currency
Hosts Workshop in California - The Office of the Comptroller of
the Currency will host a workshop for directors of nationally
chartered community banks and federal savings associations in
Orange, California, at the Doubletree Anaheim–Orange County,
January 23-25, 2012.
www.occ.gov/news-issuances/news-releases/2012/nr-occ-2012-3.html
January 10, 2012 - Office of the Comptroller of the Currency
Hosts Community Bank Directors Workshops - The Office of the
Comptroller of the Currency recently announced its 2012 schedule
of workshops to be held around the country for directors of
nationally chartered community banks and federal savings
associations.
www.occ.gov/news-issuances/news-releases/2012/nr-occ-2012-2.html
January 10, 2012 - Minutes of Board discount rate meetings from
November 21 through December 12, 2011.
www.federalreserve.gov/newsevents/press/monetary/20120110a.htm
January 10, 2012 - Federal Reserve Board issues enforcement
action with Gold Canyon Bank.
www.federalreserve.gov/newsevents/press/enforcement/20120110a.htm
January 9, 2012 - Aggregate Hours Worked in OECD Countries: New
Measurement and Implications for Business Cycles - Lee E.
Ohanian and Andrea Raffo - We build a dataset of quarterly hours
worked for 14 OECD countries. We document that hours are as
volatile as output, that a large fraction of labor adjustment
takes place along the intensive margin, and that the volatility
of hours relative to output has increased over time.
www.federalreserve.gov/pubs/ifdp/2011/1039/ifdp1039.pdf
January 9, 2012 - Supply Constraints and Housing Market Dynamics
- Andrew D. Paciorek - Although the volatility of house prices
is often ascribed to demand-side factors, constraints on housing
supply have important and little-studied implications for
housing dynamics. I illustrate the strong relationship in
city-level data between the volatility of house prices and the
regulation of new housing supply.
www.federalreserve.gov/pubs/feds/2012/201201/201201pap.pdf
January 9, 2012 - Consumer credit increased at an annual rate of
10 percent in November. Revolving credit increased at an annual
rate of 8-1/2 percent, and nonrevolving credit increased at an
annual rate of 10-3/4 percent.
www.federalreserve.gov/releases/g19/current/default.htm
January 7, 2012 - St. Louis Fed’s Bullard Discusses Fiscal
Approaches to Stabilization Policy - Federal Reserve Bank of St.
Louis President James Bullard previewed a new research paper he
will release next week, titled “Death of a Theory,” at an event
sponsored by the Korea-America Economic Association on Saturday.
The event was held during the annual meeting of the American
Economic Association/Allied Social Science Associations.
www.stls.frb.org/newsroom/displayNews.cfm?article=1249
January 7, 2012 - Governor Sarah Bloom Raskin - Creating and
Implementing an Enforcement Response to the Foreclosure Crisis -
At the Association of American Law Schools Annual Meeting,
Washington, D.C.
www.federalreserve.gov/newsevents/speech/raskin20120107a.htm
January 6, 2012 - NCUA Places People for People CDCU into
Conservatorship - The National Credit Union Administration today
assumed control of service and operations at People for People
Community Development Credit Union, a state-chartered, federally
insured credit union, in Philadelphia. While continuing normal
member services, NCUA will work to resolve issues affecting the
institution’s safety and soundness.
www.ncua.gov/News/Pages/NW20120106PeopleCDCU.aspx
January 6, 2012 - NCUA - January 2012 Issue of The NCUA Report
is now available.
www.ncua.gov/News/NewsLtrs/Pages/default.aspx
January 6, 2012 - Credit and Liquidity Programs and the Balance
Sheet - Recent balance sheet trends, weekly chart data update.
www.federalreserve.gov/monetarypolicy/bst_recenttrends.htm
January 6, 2012 - Governor Sarah Bloom Raskin - Community Bank
Examination and Supervision amid Economic Recovery - At the
Maryland Bankers Association First Friday Economic Outlook
Forum, Baltimore, Maryland.
www.federalreserve.gov/newsevents/speech/raskin20120106a.htm
January 6, 2012 - Governor Elizabeth A. Duke - Economic
Developments, Risks to the Outlook, and Housing Market Policies
- At the Virginia Bankers Association/Virginia Chamber of
Commerce 2012 Financial Forecast, Richmond, Virginia
www.federalreserve.gov/newsevents/speech/duke20120106a.htm
__________________________________
January 5, 2012 - St. Louis Fed President James Bullard Will
Speak at the KAEA event at the AEA/ASSA Annual Meeting.
www.stls.frb.org/newsroom/displayNews.cfm?article=1245
January 5, 2012 - 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/2012/pr12001.html
January 4, 2012 - Proposals for Comment - Proposal to approve
the report: Recordkeeping Requirements of Regulation H and
Regulation K Associated with Bank Secrecy Act Compliance
Programs.
www.federalreserve.gov/boarddocs/press/foiadocs/2012/20120104/foia20120104.pdf
January 4, 2012 - NCUA - The National Credit Union
Administration supports the two recommendations contained in the
Government Accountability Office report on credit unions
released today. Required by the National Credit Union Authority
Clarification Act of 2011, the study examines corporate and
consumer credit union failures since 2008, along with NCUA’s
responses, and looks at the effectiveness of NCUA’s use of
Prompt Corrective Action to identify failing credit unions.
www.ncua.gov/News/Pages/NW20120104GAO.aspx
January 4, 2012 - OCC Releases Public Service Ads About the
Independent Foreclosure Review - The Office of the Comptroller
of the Currency today released print and radio public service
advertisements to increase awareness of the Independent
Foreclosure Review, announced in November 2011.
www.occ.gov/news-issuances/news-releases/2012/nr-occ-2012-1.html
January 4, 2012 - Reports to the Congress - The U.S. Housing
Market: Current Conditions and Policy Considerations.
www.federalreserve.gov/publications/other-reports/default.htm
January 3, 2012 - Federal Reserve Bank of Kansas City President
Esther George announced today that Kelly J. Dubbert, senior vice
president of the Bank’s Information Technology Division and
chief information officer, has been promoted to first vice
president and chief operating officer, effective January 15,
2012.
www.kc.frb.org/publicat/newsroom/2012pdf/News.Release.01.03.12.pdf
January 3, 2012 - The Consolidated Reports of Condition and
Income for the December 31, 2011, report date must be received
by Monday, January 30, 2012. Certain banks with foreign offices
have an additional five calendar days to submit their reports.
www.fdic.gov/news/news/financial/2012/fil12001.html
January 3, 2012 - The Federal Reserve Board and the Federal Open
Market Committee on Tuesday released the attached minutes of the
Committee meeting held on December 13, 2011 and of the
conference call held on November 28, 2011.
www.federalreserve.gov/newsevents/press/monetary/20120103a.htm
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