The E-mail Banking News
(Bank Regulatory News)
January 2015

FYI - Don't forget to follow me on LinkedIn at https://www.linkedin.com/in/yennik where I post a weekly question on IT and cybersecurity auditing.

January 30, 2015 - Midwest Economic Growth Picked Up in December - The Midwest Economy Index was +0.67 in December, up from +0.43 in November. - Led by continued strength in the manufacturing sector, the Midwest Economy Index increased to +0.67 in December from +0.43 in November.  www.chicagofed.org/~/media/publications/mei/2014/mei-december2014-pdf.pdf?la=en

January 30, 2015 - NCUA - American Bakery Workers Federal Credit Union Closes, TruMark Financial Assumes Shares - The National Credit Union Administration today liquidated American Bakery Workers Federal Credit Union of Philadelphia. www.ncua.gov/News/Pages/NW20150130Liquidation.aspx

January 30, 2015 - OCC Supports Earned Income Tax Credit Awareness Day - Comptroller of the Currency Thomas J. Curry today issued the following statement recognizing Earned Income Tax Credit Awareness Day. www.occ.gov/news-issuances/news-releases/2015/nr-occ-2015-11.html

January 30, 2015 - FDIC Makes Public December Enforcement Actions;- The Federal Deposit Insurance Corporation today released a list of orders of administrative enforcement actions taken against banks and individuals in December. No administrative hearings are scheduled for February 2015. https://www.fdic.gov/news/news/press/2015/pr15011.html 

January 30, 2015 - Credit and Liquidity Programs and the Balance Sheet - Recent balance sheet trends, weekly chart data 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

January 30, 2015 - Governor Daniel K. Tarullo - Advancing Macroprudential Policy Objectives - At the Office of Financial Research and Financial Stability Oversight Council's 4th Annual Conference on Evaluating Macroprudential Tools: Complementarities and Conflicts, Arlington, Virginia.   www.federalreserve.gov/newsevents/speech/tarullo20150130a.htm
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January 29, 2015 - Financial Market Stress Declines for First Time in Four Weeks - sharp decline in equity market volatility helped to lower financial market stress for the first time in four weeks, according to the St. Louis Fed Financial Stress Index. For the week ending Jan. 23, 2015, the STLFSI measured -0.856, down modestly from the previous week’s value of -0.812. www.stlouisfed.org/news-releases/2015/01/29/financial-market-stress-declines-for-first-time-in-four-weeks www.occ.gov/news-issuances/news-releases/2015/nr-ia-2015-10.html

January 29, 2015 - Regulators Release Guidance on Private Student Loans With Graduated Repayment Terms at Origination - Federal financial regulatory agencies, in partnership with the State Liaison Committee of the Federal Financial Institutions Examination Council, today issued guidance for financial institutions on private student loans with graduated repayment terms at origination.
Press Release: www.federalreserve.gov/newsevents/press/bcreg/20150129a.htm
Press Release: www.fdic.gov/news/news/press/2015/pr15010.html
Press Release: www.ncua.gov/News/Pages/NW20150129LoanGuidance.aspx

January 29, 2015 - Notice of a Meeting under Expedited Procedures - A closed meeting of the Board of Governors of the Federal Reserve System at 10:00 AM on January 27, 2015, was held under expedited procedures. Matter(s) considered: Discussion of Medium-Term Monetary Policy Issues. www.federalreserve.gov/aboutthefed/boardmeetings/20150127exp.htm

January 29, 2015 - Federal Reserve Board invites public comment on proposed rule to expand the applicability of Board's Small Bank Holding Company Policy Statement - The Federal Reserve Board on Thursday invited public comment on a proposed rule to expand the applicability of the Board's Small Bank Holding Company Policy Statement for small bank holding companies as well as certain savings and loan holding companies.   www.federalreserve.gov/newsevents/press/bcreg/20150129b.htm

January 29, 2015 - NCUA Hosts Webinar on Opportunities in the Underserved Market - Learn Strategies for Reaching Out and Serving this Growing Market - Credit unions can learn more about the potential opportunities found in the unbanked and underbanked markets during NCUA’s webinar, “Opportunities in the Underserved Market” on Feb. 18, beginning at 2 p.m. Eastern. www.ncua.gov/News/Pages/NW20150129Webinar.aspx

January 28, 2015 - NCUA - Strong Strategic Focus Results in Continued Positive Performance at AEA - Keeping its focus on improved member services and greater efficiency has paid off for AEA Federal Credit Union. AEA, which operates under the conservatorship of the National Credit Union Administration, reported improved financial performance for the year ending Dec. 31, 2014. www.ncua.gov/News/Pages/NW20150128AEA.aspx

January 28, 2015 - Statement on Providing Banking Services - The FDIC is issuing this statement to encourage institutions to take a risk-based approach in assessing individual customer relationships rather than declining to provide banking services to entire categories of customers.   www.fdic.gov/news/news/financial/2015/fil15005.html

January 28, 2015 - FDIC Encourages Institutions to Consider Customer Relationships on a Case-by-Case Basis - The Federal Deposit Insurance Corporation issued a Financial Institution Letter today encouraging supervised institutions to take a risk-based approach in assessing individual customer relationships, rather than declining to provide banking services to entire categories of customers without regard to the risks presented by an individual customer or the financial institution's ability to manage the risk. www.fdic.gov/news/news/press/2015/pr15009.html

January 28, 2015 - Federal Reserve issues FOMC statement - Information received since the Federal Open Market Committee met in December suggests that economic activity has been expanding at a solid pace. Labor market conditions have improved further, with strong job gains and a lower unemployment rate.  www.federalreserve.gov/newsevents/press/monetary/20150128a.htm

January 27, 2015 - Texans Credit Union Reports Continued Growth in 2014 - Yearly Financials Show Loans and Net Worth Improving - Texans Credit Union continued its growth trend in 2014, with growth in loans and net worth, the credit union reported today.   www.ncua.gov/News/Pages/NW20150127TexansCU.aspx 

January 27, 2015 - FDIC Releases Additional Technical Assistance Video on CFPB Mortgage Rules - The Federal Deposit Insurance Corporation today announced the release of the second in a series of three new technical assistance videos developed to assist bank employees in meeting regulatory requirements.  www.fdic.gov/news/news/press/2015/pr15008.html

January 26, 2015 - St. Louis Fed President James Bullard Will Speak at 10th Annual Delaware Economic Forecast.  www.stlouisfed.org/news-releases/2015/01/26/media-advisory-st-louis-fed-president-james-bullard-will-speak-at-10th-annual-delaware-economic

January 26, 2015 - NCUA - Sherry Selected as NCUA’s Deputy Chief Financial Officer - National Credit Union Administration Executive Director Mark A. Treichel today announced the selection of Peggy Sherry as the agency’s Deputy Chief Financial Officer. Sherry, who joins NCUA from the Internal Revenue Service, assumes her duties today. www.ncua.gov/News/Pages/NW20150126Sherry.aspx

January 26, 2015 - NCUA Hosting Webinar on New TILA-RESPA Disclosure Rules - Learn How to Comply When New Rules Go into Effect Aug.1 - The National Credit Union Administration will host a free webinar, “Preparing for the New TILA-RESPA Integrated Disclosures,” on Wednesday, Feb. 11, 2015, starting at 2 p.m. Eastern. www.ncua.gov/News/Pages/NW20150126Webinar.aspx

January 26, 2015 - NCUA Posts New Resources to Fight Identity Theft - ?FTC’s Tax Identity Theft Awareness Week Runs Jan. 26 to 30 - Identity theft is a large and growing problem, and the National Credit Union Administration is offering new resources to help consumers protect themselves and take action if they believe they have been victimized. www.ncua.gov/News/Pages/NW20150126IdentityTheft.aspx

January 26, 2015 - Michael Brickman Named Deputy Comptroller for Special Supervision - Michael Brickman today was named to be Deputy Comptroller for Special Supervision at the Office of the Comptroller of the Currency.  www.occ.gov/news-issuances/news-releases/2015/nr-occ-2015-8.html

January 26, 2015 - Notice of a Meeting under Expedited Procedures - A closed meeting of the Board of Governors of the Federal Reserve System at 11:45 AM on January 26, 2015, was held under expedited procedures.  www.federalreserve.gov/aboutthefed/boardmeetings/20150126exp.htm

January 26, 2015 - Federal Reserve issues Strategies for Improving the U.S. Payment System - The Federal Reserve today issued "Strategies for Improving the U.S. Payment System," which presents a multi-faceted plan for collaborating with payment system stakeholders including large and small businesses, emerging payments firms, card networks, payment processors, consumers and financial institutions to enhance the speed, safety and efficiency of the U.S. payment system. www.federalreserve.gov/newsevents/press/other/20150126a.htm

January 23, 2015 - The Chicago Fed National Activity Index was -0.05 in December, down from +0.92 in November. - The index’s three-month moving average, CFNAI-MA3, moved down to +0.39 in December from +0.54 in November. December’s CFNAI-MA3 suggests that growth in national economic activity was above its historical trend.  www.chicagofed.org/~/media/publications/cfnai/2015/cfnai-january2015-pdf.pdf?la=en

January 23, 2015 - United Fidelity Bank, fsb, Evansville, Indiana, Assumes All of the Deposits of Highland Community Bank, Chicago, Illinois - Highland Community Bank, Chicago, Illinois, was closed today by the Illinois Department of Financial & Professional Regulation—Division of Banking, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. To protect the depositors, the FDIC entered into a purchase and assumption agreement with United Fidelity Bank, fsb, Evansville, Indiana, to assume all of the deposits of Highland Community Bank. https://www.fdic.gov/news/news/press/2015/pr15007.html

January 23, 2015 - OCC Releases CRA Evaluations for 30 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 December 1, 2014 through December 31, 2014.  www.occ.gov/news-issuances/news-releases/2015/nr-occ-2015-7.html

January 23, 2015 - Advanced Notice of a Meeting under Expedited Procedures - A closed meeting of the Board of Governors of the Federal Reserve System at 9:00 AM on January 27, 2015, will be held under expedited procedures. Matter(s) considered: Discussion of medium-term monetary policy issues. www.federalreserve.gov/aboutthefed/boardmeetings/20150127advexp.htm

January 23, 2015 - Credit and Liquidity Programs and the Balance Sheet - Recent balance sheet trends, weekly chart data 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

January 22, 2015 - Financial Market Stress at Highest Since September 2013 - Financial market stress increased for the third consecutive week, according to the St. Louis Fed Financial Stress Index. For the week ending Jan. 16, 2015, the STLFSI measured -0.807, its highest level since the week ending Sept. 6, 2013.  www.stlouisfed.org/news-releases/2015/01/22/financial-market-stress-at-highest-since-september-2013
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January 22, 2015 - Advanced Notice of a Meeting under Expedited Procedures - A closed meeting of the Board of Governors of the Federal Reserve System at 12:00 PM on January 26, 2015, will be held under expedited procedures. 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/20150126advexp.htm

January 22, 2015 - NCUA - 31 Credit Unions Agree to Late-Filing Penalties for Third Quarter of 2014 - Matz: Greater Compliance Encouraging, but Work Isn’t Finished - Thirty-one federally insured credit unions subject to civil money penalties for filing third-quarter 2014 Call Reports late have consented to those penalties, the National Credit Union Administration announced today. www.ncua.gov/News/Pages/NW20150122LateFilers.aspx

January 22, 2015 - NCUA - Matz: Credit Union Volunteers “First Line of Defense” for the System - To Address Risks, NCUA Board Chairman Suggests Questions for Management - Credit union volunteers helped guide their institutions through the financial crisis, and now they should work with management to address future risks, National Credit Union Administration Board Chairman Debbie Matz said today. www.ncua.gov/News/Pages/NW20150122MatzSpeech.aspx

January 21, 2015 - How Do Property and Casualty Insurers Manage Risk? The Role of Reinsurance - Andy Polacek - By tempering financial losses, the insurance industry lends resilience to the economy and helps homeowners and businesses recover from natural disasters and other catastrophes. In order to do this, however, the insurance industry must itself be resilient. www.chicagofed.org/~/media/publications/chicago-fed-letter/2015/cfl334-pdf.pdf

January 20, 2015 - NCUA Posts Legal Opinion on Revised Proposed Risk-Based Capital Rule - NCUA today posted on its website the opinion from the law firm Paul Hastings LLP about the agency’s revised proposed risk-based capital rule. www.ncua.gov/News/Pages/NW20150120Opinion.aspx

January 20, 2015 - OCC Hosts Bank Director Workshop in Miami - The Office of the Comptroller of the Currency will host a workshop in Miami at the Miami Hyatt Regency, Feb. 23-25, for directors of national community banks and federal savings associations. www.occ.gov/news-issuances/news-releases/2015/nr-occ-2015-6.html

January 20, 2015 - Kansas City Fed tech staff to increase by up to 200 - To support the work of the nation’s central bank, the Federal Reserve Bank of Kansas City expects to hire up to 200 technology professionals over the next three years.   www.kc.frb.org/publicat/newsroom/2014pdf/Press.Release.01.20.15.pdf

January 20, 2015 - Payment Systems - Quarterly Data Updates: 2014:Q4.  www.federalreserve.gov/paymentsystems/psr_data.htm

January 20, 2015 - Governor Jerome H. Powell - Comments on the Fair and Effective Markets Review - At "Making Markets Fair and Effective for All," Sponsored by The Brookings Institution, Washington, D.C. www.federalreserve.gov/newsevents/speech/powell20150120a.htm

January 16, 2015 - OCC Enforcement Actions and Terminations for January 2015 - 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-2015-4.html

January 16, 2015 - St. Louis Fed Appoints Four New Members to Community Depository Institutions Advisory Council - The Federal Reserve Bank of St. Louis has appointed four new members to its Community Depository Institutions Advisory Council, which meets twice a year to advise St. Louis Fed President James Bullard on the credit, banking and economic conditions facing their institutions and local communities. www.stlouisfed.org/newsroom/displayNews.cfm?article=2420

January 16, 2015 - Federal Reserve Bank of St. Louis President James Bullard discussed “Ghosts and Forecasts” as part of the Distinguished Speakers Series hosted by the CFA Society of Chicago on Friday. www.stlouisfed.org/news-releases/2015/01/16/st-louis-feds-bullard-discusses-fomc-forecasts-and-implications-for-monetary-policy

January 16, 2015 - Relation between Levels and Changes in Lending Standards Reported by Banks in the Senior Loan Officer Opinion Survey on Bank Lending Practices - William Bassett and Marcelo Rezende1 - The Senior Loan Officer Opinion Survey on Bank Lending Practices.    www.federalreserve.gov/econresdata/notes/feds-notes/2015/relation-between-levels-and-changes-in-lending-standards-reported-by-banks-in-the-senior-loan-officer-opinion-survey-on-bank-lending-practice-20150116.html

January 16, 2015 - Credit and Liquidity Programs and the Balance Sheet - Recent balance sheet trends, weekly chart data 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

January 16, 2015 - First NBC Bank, New Orleans, Louisiana, Assumes All of the Deposits of First National Bank of Crestview, Crestview, Florida - First National Bank of Crestview, Crestview, Florida, 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 First NBC Bank, New Orleans, Louisiana, to assume all of the deposits of First National Bank of Crestview. www.fdic.gov/news/news/press/2015/pr15006.html

January 16, 2015 - Federal Reserve Board announces formation of Community Advisory Council - The Federal Reserve Board on Friday announced the formation of a new advisory council that will be comprised of individuals with consumer- and community development-related expertise. The Community Advisory Council will provide information, advice, and recommendations to the Board on a wide range of relevant policy matters and emerging issues of interest. www.federalreserve.gov/newsevents/press/other/20150116a.htm
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January 15, 2015 - Financial Market Stress Rises for Second Week - Financial market stress increased slightly for the second consecutive reporting week according to the St. Louis Fed Financial Stress Index.  www.stlouisfed.org/newsroom/displayNews.cfm?article=2419

January 15, 2015 - The FDIC Launches Web Page to Support Marketing of Failing Financial Institutions - The Federal Deposit Insurance Corporation recently launched a Failing Bank Acquisitions Web page on FDIC.gov.  www.fdic.gov/news/news/financial/2015/fil15004.html

January 15, 2015 - FDIC Announces Charles Yi as General Counsel - The Federal Deposit Insurance Corporation announced the appointment of Charles Yi as the agency's new general counsel. The FDIC general counsel is in charge of the agency's Legal Division. www.fdic.gov/news/news/press/2015/pr15005.html

January 15, 2015 - The Federal Reserve Board on Thursday announced its approval of the application under section 3 of the Bank Holding Company Act by Hillister Enterprises, II, Inc., Umphrey II Family Limited Partnership, both of Beaumont, Texas, and CBFH, Inc., Orange, Texas, to acquire MC Bancshares, Inc. and thereby indirectly acquire its subsidiary, Memorial City Bank, both of Houston, Texas.   www.federalreserve.gov/newsevents/press/orders/20150115b.htm

January 15, 2015 - The Federal Reserve Board on Thursday announced its approval of the application filed by Comerica Bank, Dallas, Texas, to establish a branch at 31 68th Avenue in Coopersville, Michigan. www.federalreserve.gov/newsevents/press/orders/20150115a.htm

January 15, 2015 - Agencies Release Public Sections of Resolution Plans - The Federal Reserve Board and the Federal Deposit Insurance Corporation today made available the public portions of resolution plans for firms with generally less than $100 billion in qualifying nonbank assets, as required by the Dodd-Frank Wall Street Reform and Consumer Protection Act.
Press Release: www.federalreserve.gov/newsevents/press/bcreg/20150115a.htm
Press Release: www.fdic.gov/news/news/press/2015/pr15004.html

January 15, 2015 - NCUA - Revised Risk-Based Capital Proposed Rule Reduces Impact, Delays Implementation - ?Board Approves Annual Performance Plan and Revised Stress Testing Schedule - The National Credit Union Administration Board convened its first open meeting of 2015 at the agency’s headquarters today. The Board approved four items: www.ncua.gov/about/Pages/Board%20Actions/BAB20150115.aspx

January 15, 2015 - NCUA Board Approves Coverage of Costs Associated with Credit Union Data Breach - The National Credit Union Administration Board has approved payment of up to $50,000 for costs associated with a data breach at Palm Springs Federal Credit Union of Palm Springs, California. www.ncua.gov/News/Pages/NW20150115CostApproval.aspx 

January 14, 2015 - Forecast: U.S. Economic Growth Slightly Above Average in 2015 - Chicago Fed Letter summarizes the Economic Outlook Symposium’s 2015 forecasts, including inflation ticking down and unemployment edging lower. www.chicagofed.org/~/media/publications/chicago-fed-letter/2015/cfl333-pdf.pdf

January 14, 2015 - CUA - December NCUA Board Meeting Video Now Available Online - The video recording of the December 2014 open meeting of the National Credit Union Administration Board is now available on the agency’s website. www.ncua.gov/News/Pages/NW20150115BoardVideo.aspx

January 14, 2015 - NCUA - Reminder: NCUA Grant Round Opens Feb. 2 - Low-Income Credit Unions Eligible for Student Internship, Staff Training - Low-income credit unions interested in grant assistance from the National Credit Union Administration for internships and training can submit applications beginning Feb. 2. www.ncua.gov/News/Pages/NW20150114GrantRound.aspx 

January 14, 2015 - NCUA - Matz to Host Cordray at Town Hall Webinar - ?Register Now to Join an In-Depth Discussion of NCUA, CFPB Regulatory Issues
- National Credit Union Administration Board Chairman Debbie Matz will host her fourth town hall webinar with Richard Cordray, Director of the Consumer Financial Protection Bureau, on Tuesday, Feb. 10, beginning at 3 p.m. Eastern. www.ncua.gov/News/Pages/NW20150114TownHallWebinar.aspx

January 14, 2015 - OCC Releases 2015 Schedule of Workshops for Directors of National Community Banks and Federal Savings Associations - The Office of the Comptroller of the Currency today announced its schedule of workshops for directors of national community banks and federal savings associations.
www.occ.gov/news-issuances/news-releases/2015/nr-occ-2015-3.html

January 14, 2015 - Listen to St. Louis Fed Economist Discuss the January Beige Book - The St. Louis Fed has released audio highlights of the Federal Reserve's latest Beige Book, released on Jan. 14, 2015. The sound clips summarize economic conditions for the United States as a whole, as well as for the Fed's Eighth District, based in St. Louis. www.stlouisfed.org/newsroom/displayNews.cfm?article=2418

January 14, 2015 - Beige Book - Informal review by the Federal Reserve Banks of current economic conditions in their Districts.   www.federalreserve.gov/monetarypolicy/beigebook/beigebook201501.htm

January 14, 2015 - Bank Holding Companies/Savings and Loan Holding Companies/Change in Control - 2014 Letters.   www.federalreserve.gov/bankinforeg/LegalInterpretations/bhc_changeincontrol2014.htm

January 14, 2015 - Agencies Announce Additional EGRPRA Outreach Meetings - Federal banking agencies will hold an outreach meeting on February 4, 2015, at the Federal Reserve Bank of Dallas as part of their regulatory review under the Economic Growth and Regulatory Paperwork Reduction Act of 1996. Press Release: www.federalreserve.gov/newsevents/press/bcreg/20150114a.htm
Press Release: www.fdic.gov/news/news/press/2015/pr15003.html
Press Release: www.occ.gov/news-issuances/news-releases/2015/nr-ia-2015-2.html

January 13, 2015 - NCUA - January NCUA Report Now Available - The National Credit Union Administration announced today the January 2015 issue of The NCUA Report is now available online. www.ncua.gov/News/Pages/NW20150113NCUAReport.aspx

January 13, 2015 - NCUA Hosting Webinar on Revised Proposed Risk-Based Capital Rule - The National Credit Union Administration will host a webinar on the agency’s revised proposed risk-based capital rule on Wednesday, Jan. 21, beginning at 2 p.m. Eastern. www.ncua.gov/News/Pages/NW20150113RBCWebinar.aspx

January 13, 2015 - Collaboration Can Facilitate Community Bank Competitiveness, OCC Says - Collaboration can help community national banks and federal savings associations compete in today’s marketplace says the Office of the Comptroller of the Currency in a paper published today. www.occ.gov/news-issuances/news-releases/2015/nr-occ-2015-1.html

January 13, 2015 - Regulatory Reform - Communications with the public through January 13, 2015 - The Federal Reserve Board will be involved in many rulemakings to implement the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010.  www.federalreserve.gov/newsevents/reform_meetings.htm

January 13, 2015 - Minutes of the Board's discount rate meetings for November 24 and December 15, 2014.   www.federalreserve.gov/newsevents/press/monetary/20150113a.htm

January 13, 2015 - Federal Reserve Board announces termination of enforcement actions with Brogan Bankshares, Inc., and Pedcor Financial, LLC, Pedcor Financial Bancorp, and Fidelity Federal Bancorp.  www.federalreserve.gov/newsevents/press/enforcement/20150113a.htm

January 12, 2015 - Leadership and Membership Announcements for the Federal Reserve Bank of San Francisco’s Los Angeles Branch Board of Directors - The Federal Reserve Bank of San Francisco appointed James A. Hughes chairman of the Los Angeles Branch board of directors, effective January 1, 2015.   www.frbsf.org/our-district/press/news-releases/2015/leadership-and-membership-announcements-los-angeles-branch-board-of-directors/

January 9, 2015 - NCUA - Vice Chairman Metsger: Field-of-Membership Changes Could Help Credit Unions Grow - NCUA Vice Chairman Rick Metsger believes federal credit unions could benefit from changes in regulations and in law to give them greater flexibility in defining their fields of membership. www.ncua.gov/News/Pages/NW20150109Metsger.aspx

January 9, 2015 - Credit and Liquidity Programs and the Balance Sheet - Recent balance sheet trends, weekly chart data 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

January 9, 2015 - Federal Reserve Board announces Reserve Bank income and expense data and transfers to the Treasury for 2014 - The Federal Reserve Board on Friday announced preliminary unaudited results indicating that the Reserve Banks provided for payments of approximately $98.7 billion of their estimated 2014 net income to the U.S. Treasury. www.federalreserve.gov/newsevents/press/other/20150109a.htm
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January 8, 2015 - Financial Market Stress Rises Slightly - Financial market stress increased slightly in the latest reporting week, according to the St. Louis Fed Financial Stress Index. www.stlouisfed.org/newsroom/displayNews.cfm?article=2414 

January 8, 2015 - St. Louis Fed President James Bullard Will Speak at CFA event in Chicago.  www.stlouisfed.org/newsroom/displayNews.cfm?article=2415

January 8, 2015 - Statistical Release - Consumer Credit - G.19 - In November, consumer credit increased at a seasonally adjusted annual rate of 5 percent.  www.federalreserve.gov/releases/g19/current/

January 8, 2015 - NCUA - Agenda for the 1/15/2015 NCUA Board Meeting is Available. www.ncua.gov/about/Pages/Agendas/AG20150115.aspx

January 7, 2015 - Financial Conditions Begin 2015 Slightly Tighter Than a Year Ago - The NFCI and ANFCI edged higher in 2014, with the increase in the ANFCI roughly consistent with the improvement in economic conditions last year. www.chicagofed.org/publications/nfci/index

January 7, 2015 - New NCUA Videos Educate Consumers on Frauds, Scams and Cyber Threats - Educated Credit Union Members Play Important Role in Cyber Security - Credit unions have a new resource to educate their members about frauds, scams and cyber threats with the release today by the National Credit Union Administration of a two-part video on how to recognize, avoid and report cyber fraud. www.ncua.gov/News/Pages/NW20150107Videos.aspx

January 7, 2015 - Loan Sales and Bank Liquidity Risk Management: Evidence from a U.S. Credit Register - Rustom M. Irani and Ralf R. Meisenzahl - We examine the impact of banks' liquidity risk management on secondary loan sales.  www.federalreserve.gov/econresdata/feds/2015/files/2015001pap.pdf

January 7, 2015 - Minutes of the Federal Open Market Committee, December 16-17, 2014 - The Federal Reserve Board and the Federal Open Market Committee on Wednesday released the attached minutes of the Committee meeting held on December 16-17, 2014. www.federalreserve.gov/newsevents/press/monetary/20150107a.htm
www.federalreserve.gov/monetarypolicy/fomcminutes20141217.htm

January 6, 2015 - Consolidated Reports of Condition and Income - The Consolidated Reports of Condition and Income for the December 31, 2014, report date must be received by Friday, January 30, 2015. Certain institutions with foreign offices have an additional five calendar days to submit their reports. www.fdic.gov/news/news/financial/2015/fil15003.html

January 6, 2015 - Michael J. Dean Named FDIC Atlanta Regional Director - The Federal Deposit Insurance Corporation (FDIC) appointed Michael J. Dean as Regional Director for the Atlanta Region. Mr. Dean has been the Acting Regional Director for that office since April 2014.  www.fdic.gov/news/news/press/2015/pr15002.html

January 6, 2015 - Federal Reserve Board appoints Thomas Laubach as director of the Division of Monetary Affairs - The Federal Reserve Board on Tuesday announced the appointment of Thomas Laubach as director of the Division of Monetary Affairs, effective January 11, 2015. www.federalreserve.gov/newsevents/press/other/20150106a.htm

January 5, 2015 - NCUA - Mary Hughes Appointed to FFIEC State Liaison Committee - The Federal Financial Institutions Examination Council announced today the appointment of a new member of the Council’s State Liaison Committee.  www.ncua.gov/News/Pages/NW20150105FFIECHughes.aspx

January 5, 2015 - Guidance on Identifying, Accepting, and Reporting Brokered Deposits - The FDIC is issuing guidance in the form of "Frequently Asked Questions" or "FAQs" to promote consistency by insured depository institutions in identifying, accepting, and reporting brokered deposits. www.fdic.gov/news/news/financial/2015/fil15002.html

January 5, 2015 - FDIC Issues List of Banks Examined for CRA Compliance - The Federal Deposit Insurance Corporation today issued its list of state nonmember banks recently evaluated for compliance with the Community Reinvestment Act. The list covers evaluation ratings that the FDIC assigned to institutions in October 2014. www.fdic.gov/news/news/press/2015/pr15001.html

January 5, 2015 - Credit and Liquidity Programs and the Balance Sheet - Recent balance sheet trends, weekly chart data update.   www.federalreserve.gov/monetarypolicy/bst_recenttrends.htm

January 5, 2015 - Legal Interpretations - Bank Holding Companies/Savings and Loan Holding Companies/Change in Control - 2014 Letters.   www.federalreserve.gov/bankinforeg/LegalInterpretations/bhc_changeincontrol2014.htm

January 2, 2015 - Financial Market Stress Declines for First Time in Four Weeks - Financial market stress fell modestly in the latest reporting week, the first decline in four weeks. For the week ending Dec. 26, 2014, the St. Louis Fed Financial Stress Index measured -0.989, down from the previous week’s revised value of -0.840.  www.stlouisfed.org/newsroom/displayNews.cfm?article=2409

January 2, 2015 - Economists to Present Update on Memphis-Area and National Economies - The Federal Reserve Bank of St. Louis and the Economic Club of Memphis will host a regional economic briefing on Jan. 8, 2015, in Memphis, Tenn. www.stlouisfed.org/newsroom/displayNews.cfm?article=2411

January 2, 2015 - Consolidated Reports of Condition and Income for Fourth Quarter 2014 - The attached materials pertain to the Consolidated Reports of Condition and Income for the December 31, 2014, report date.  www.fdic.gov/news/news/financial/2015/fil15001.html

January 2, 2015 - Foreign Exchange Rates -- G.5A Annual - The table below shows the average rates of exchange in 2014 together with comparable figures for other years. 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/g5a/current/default.htm

January 2, 2015 - Foreign Exchange Rates -- G.5 Monthly - The table below shows the average rates of exchange in DECEMBER 2014 together with comparable figures for other months. Averages are based on daily noon buying rates for cable transfers in New York City certified for customs purposes by the Federal Reserve Bank of New York. www.federalreserve.gov/releases/g5/current/default.htm