The E-mail Banking News
(Bank Regulatory News)
January 2016

January 29, 2016 - Midwest Growth Increased Slightly in December - The Midwest Economy Index (MEI) was –0.15 in December, up from –0.20 in November. www.chicagofed.org/~/media/publications/mei/2015/mei-december2015-pdf.pdf?la=en

January 29, 2016 - NCUA Issues Prohibition Orders - The National Credit Union Administration has issued six orders in January prohibiting the following individuals from participating in the affairs of any federally insured financial institution:  www.ncua.gov/newsroom/Pages/news-2016-jan-prohibition-orders.aspx

January 29, 2016 - NCUA Reminds Credit Union Members about Benefits of Earned Income Tax Credit - Qualified Taxpayers Can Receive up to $6,242 by Filing with the IRS - The National Credit Union Administration is joining the Internal Revenue Service and other federal agencies to remind qualified taxpayers about the potential benefits of applying for the Earned Income Tax Credit.  www.ncua.gov/newsroom/Pages/news-2016-jan-earn-income-tax-credit-benefits.aspx

January 29, 2016 - 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/2016/nr-occ-2016-9.html

January 29, 2016 - In The Regional Economist: Some Labor Trends Pre-Date Recession, Focus on Low Real Interest Rate Might Be Misplaced, - A new issue of The Regional Economist, the Federal Reserve Bank of St. Louis’ quarterly review of regional, national and international economic issues of the day.  
www.stlouisfed.org/news-releases/2016/01/29/regional-economist-labor-trends-predate-recession-focus-on-low-real-interest-rate-might-be-misplaced

January 29, 2016 - FDIC Makes Public December Enforcement Actions; - No Administrative Hearings Scheduled for February 2016 - 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 2016.   www.fdic.gov/news/news/press/2016/pr16005.html

January 29, 2016 - Downward Nominal Wage Rigidity in the United States During and After the Great Recession - Bruce C. Fallick, Michael Lettau, and William L. Wascher - Rigidity in wages has long been thought to impede the functioning of labor markets.   www.federalreserve.gov/econresdata/feds/2016/files/2016001pap.pdf

January 29, 2016 - Default Risk and Private Student Loans: Implications for Higher Education Policies - Felicia Ionescu and Nicole Simpson - In recent years, the proportion of students facing a binding constraint on government student loans has grown.  www.federalreserve.gov/pubs/feds/2014/201466/201466pap.pdf

January 29, 2016 - Wholesale Banking and Bank Runs in Macroeconomic Modeling of Financial Crises - Mark Gertler, Nobuhiro Kiyotaki, and Andrea Prestipino - There has been considerable progress in developing macroeconomic models of banking crises.  www.federalreserve.gov/econresdata/ifdp/2016/files/ifdp1156.pdf

January 29, 2016 - Notice of a Meeting under Expedited Procedures - A closed meeting of the Board of Governors of the Federal Reserve System was held at 9:00 AM on January 29, 2016, under expedited procedures. Matter considered: Bank Supervisory Matter. www.federalreserve.gov/aboutthefed/boardmeetings/20160129exp.htm

January 29, 2016 - Federal Reserve Board extends comment period to February 19, 2016, for proposed rule to strengthen ability of largest domestic and foreign banks operating in the U.S. to be resolved without extraordinary government support or taxpayer assistance. www.federalreserve.gov/newsevents/press/bcreg/20160129b.htm

January 29, 2016 - Federal Reserve Board extends comment period to March 21, 2016, for proposed policy statement detailing the framework the Board would follow in setting the Countercyclical Capital Buffer. www.federalreserve.gov/newsevents/press/bcreg/20160129a.htm

January 28, 2016 - OCC Releases Dodd-Frank Stress Test Scenarios for 2016 - The Office of the Comptroller of the Currency released economic and financial market scenarios that will be used in the upcoming stress tests for covered institutions with more than $10 billion in assets.  www.occ.gov/news-issuances/news-releases/2016/nr-occ-2016-8.html
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January 29, 2016 - FDIC Makes Public December Enforcement Actions - The Federal Deposit Insurance Corporation (FDIC) today released a list of orders of administrative enforcement actions taken against banks and individuals in December. https://www.fdic.gov/news/news/press/2016/pr16005.html

January 28, 2016 - Federal Reserve Board releases supervisory scenarios for 2016 Comprehensive Capital Analysis and Review and Dodd-Frank Act stress test exercises and issues instructions to firms participating in CCAR.   www.federalreserve.gov/newsevents/press/bcreg/20160128a.htm

January 28, 2016 - No Financial Stress Index Commentary This Week - The weather-related closure earlier this week at the Federal Reserve Board delayed the data necessary to produce the St. Louis Fed Financial Stress Index.  https://www.stlouisfed.org/news-releases/2016/01/28/no-financial-stress-index-commentary-this-week

January 28, 2016 - Regulatory Relief - Guidance to Help Financial Institutions and Facilitate Recovery in Areas of Missouri Affected by Severe Storms, Straight-Line Winds, and Flooding - The FDIC has announced a series of steps intended to provide regulatory relief to financial institutions and to facilitate recovery in areas of Missouri affected by severe weather. www.fdic.gov/news/news/financial/2016/fil16008.html

January 27, 2016 - 22 Credit Unions Agree to Late-Filing Penalties for Third Quarter of 2015 - Twenty-two federally insured credit unions subject to civil monetary penalties for filing late Call Reports in the third quarter of 2015 have consented to penalties, the National Credit Union Administration announced today.
www.ncua.gov/newsroom/Pages/news-2016-jan-late-filing-penalties.aspx

January 27, 2016 - Brad Linskens Named Senior National Bank Examiner - The Office of the Comptroller of the Currency today announced that it had designated Brad Linskens a Senior National Bank Examiner. www.occ.gov/news-issuances/news-releases/2016/nr-occ-2016-7.html

January 27, 2016 - 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 9:00 AM on January 29, 2016. Matter to be considered: Bank Supervisory Matter. www.federalreserve.gov/aboutthefed/boardmeetings/20160129advexp.htm

January 27, 2016 - Notice of a Meeting under Expedited Procedures - A closed meeting of the Board of Governors of the Federal Reserve System was held at 12:00 PM on January 26, 2016, and continued at 9:00 AM on January 27, 2015, under expedited procedures. www.federalreserve.gov/aboutthefed/boardmeetings/20160127exp.htm

January 27, 2016 - Federal Open Market Committee reaffirms its "Statement on Longer-Run Goals and Monetary Policy Strategy" - As part of its annual organizational meeting actions, the Federal Open Market Committee reaffirmed its "Statement on Longer-Run Goals and Monetary Policy Strategy," with a revision to clarify that it views its inflation objective as symmetric, and with an updated reference to participants' estimates of the longer-run normal unemployment rate in the most recent Summary of Economic Projections. www.federalreserve.gov/newsevents/press/monetary/20160127b.htm 

January 27, 2016 - Federal Reserve issues FOMC statement - Information received since the Federal Open Market Committee met in December suggests that labor market conditions improved further even as economic growth slowed late last year. www.federalreserve.gov/newsevents/press/monetary/20160127a.htm

January 26, 2016 - How Much Debt Does the U.S. Government Owe? - Rebecca Friedman , Mark L. J. Wright - The U.S. government is often referred to as the world’s biggest debtor. But how much debt does it owe? A visit to the website of the U.S. Department of the Treasury yields a bewildering array of different measures of U.S. federal government debt.  www.chicagofed.org/~/media/publications/chicago-fed-letter/2016/cfl352-pdf.pdf

January 25, 2016 - NCUA Posts New Online Resources to Help Consumers in Fighting Identity Theft - Tax Identity Theft Awareness Week Aims to Educate Consumers about Scams - With tax season beginning, the Federal Trade Commission has announced Tax Identity Theft Awareness Week for 2016, and the National Credit Union Administration has new online resources to help consumers protect themselves.   www.ncua.gov/newsroom/Pages/news-2016-jan-fighting-identity-theft.aspx

January 25, 2016 - NCUA - Registration for CUSO Registry Begins Feb. 1 - NCUA Will Host a Feb. 11 Webinar on How to Use the New Reporting System - The National Credit Union Administration announced today that credit union service organizations will have 60 days to register with NCUA’s CUSO Registry, the new online system for CUSOs to report their operational and financial information directly to the agency.  www.ncua.gov/newsroom/Pages/news-2016-jan-cuso-registry.aspx

January 25, 2016 - Notice of a Meeting under Expedited Procedures - A closed meeting of the Board of Governors of the Federal Reserve System was held at 11:00 AM on January 25, 2016, under expedited procedures. www.federalreserve.gov/aboutthefed/boardmeetings/20160125exp.htm

January 22, 2016 - Economic Growth Below Average in December - The Chicago Fed National Activity Index was –0.22 in December, up from –0.36 in November. Two of the four broad categories of indicators that make up the index increased from November, but three of the four categories made negative contributions to the index in December. www.chicagofed.org/~/media/publications/cfnai/2016/cfnai-january2016-pdf.pdf?la=en

January 22, 2016 - OCC Authorizes Banks and Thrifts Affected by Winter Storm Jonas to Close, Encourages Them to Work With Their Customers - The Office of the Comptroller of the Currency today issued a proclamation allowing national banks and federal savings associations affected by Winter Storm Jonas to close. www.occ.gov/news-issuances/news-releases/2016/nr-occ-2016-6.html

January 22, 2016 - Credit and Liquidity Programs and the Balance Sheet - Recent balance sheet trends, weekly chart update www.federalreserve.gov/monetarypolicy/bst_recenttrends.htm

January 22, 2016 - Advanced Notice of a Meeting under Expedited Procedures - A closed meeting of the Board of Governors of the Federal Reserve System will be held under expedited procedures at 10:00 AM on January 26, 2016. www.federalreserve.gov/aboutthefed/boardmeetings/20160126advexp.htm
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January 22, 2016 - OCC Authorizes Banks and Thrifts Affected by Winter Storm Jonas to Close, Encourages Them to Work With Their Customers - The Office of the Comptroller of the Currency (OCC) today issued a proclamation allowing national banks and federal savings associations affected by Winter Storm Jonas to close.  http://www.occ.treas.gov/news-issuances/news-releases/2016/nr-occ-2016-6.html

January 21, 2016 - NCUA - Treasury, NCUA Partner to Increase Opportunities for Low-Income Credit Unions - Agencies Aim to Double the Number of CDFI Credit Unions in 2016 - The National Credit Union Administration and the U.S. Treasury Department’s Community Development Financial Institutions Fund today signed an agreement that will streamline the application process for low-income credit unions to become certified as Community Development Financial Institutions.
www.ncua.gov/newsroom/Pages/news-2016-jan-community-development-financial-institutions.aspx

January 21, 2016 - Comptroller of the Currency Discusses Expanding 18-Month Exam Cycle for More Community Banks and Savings Associations - Comptroller of Currency Thomas J. Curry today discussed increasing the number of small community banks and savings associations eligible for an 18-month examination cycle.  www.occ.gov/news-issuances/news-releases/2016/nr-occ-2016-5.html

January 21, 2016 - Financial Market Stress Rises Again But Is Still Below Normal - Financial market stress continued to increase in the latest reporting week. For the week ending Jan. 15, the St. Louis Fed Financial Stress Index measured -0.416, up from the previous week’s revised value of -0.495. The increase is the eighth in the past 11 weeks.  www.stlouisfed.org/news-releases/2016/01/21/financial-market-stress-rises-again-but-is-still-below-normal

January 21, 2016 - Small Bank Pricing - Notice of Proposed Rulemaking - On January 21, 2016, the FDIC Board of Directors approved the attached Notice of Proposed Rulemaking. The NPR revises an NPR adopted by the Board on June 16, 2015, in response to comments received. Like the 2015 NPR, this revised NPR would refine the deposit insurance assessment system for small insured depository institutions. www.fdic.gov/news/news/financial/2016/fil16007.html

January 21, 2016 - FDIC Seeks Comment on Revised Proposal to Amend How Small Banks are Assessed for Deposit Insurance - The Board of Directors of the Federal Deposit Insurance Corporation today sought comment on a revised proposed rule that would amend the way small banks are assessed for deposit insurance. www.fdic.gov/news/news/press/2016/pr16004.html

January 21, 2016 - 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 12:00 PM on January 25, 2016. Matter to be considered: Review and determination by the Board of Governors of the advance and discount rates to be charged by the Federal Reserve Banks. www.federalreserve.gov/aboutthefed/boardmeetings/20160125advexp.htm

January 21, 2016 - Current FAQs - What is the process for reappointing Reserve Bank presidents? - Under the Federal Reserve Act all Reserve Bank presidents serve five-year terms that expire at the end of February in years ending with the numerals 1 or 6. Presidents who take office in intervening years are initially appointed for the remainder of their current term. www.federalreserve.gov/faqs/what-is-the-process-for-reappointing-reserve-bank-presidents.htm

January 21, 2016 - Federal Reserve Board extends comment period to February 16, 2016, for notice by New York Community Bancorp, Inc., to acquire Astoria Financial Corporation - The Federal Reserve Board on Thursday announced that the public comment period has been extended through February 16, 2016, for the notice filed pursuant to section 4 of the Bank Holding Company Act of 1956, as amended, by New York Community Bancorp, Inc., Westbury, to acquire Astoria Financial Corporation, Lake Success, and thereby acquire control of its subsidiary savings association, Astoria Bank, Long Island City, all of New York. www.federalreserve.gov/newsevents/press/bcreg/20160121a.htm

January 20, 2016 - NCUA - Internet Archive Federal Credit Union Pays NCUA-Insured Members’ Shares in Full - Internet Archive Federal Credit Union, of New Brunswick, New Jersey, today paid all shares insured by the National Credit Union Administration in full to members of record as part of its voluntary liquidation.
www.ncua.gov/newsroom/Pages/news-2016-internet-archive.aspx

January 20, 2016 - NCUA Board Reschedules Closed Meeting - National Credit Union Administration Board members have agreed to reschedule the closed Board meeting set for Thursday, Jan. 21, 2016. www.ncua.gov/newsroom/Pages/news-2016-jan-agenda-revision.aspx

January 20, 2016 - U.S. and Colorado Economic Update By Alison Felix Economist & Branch Executive Federal Reserve Bank of Kansas City Denver Branch.   www.kansascityfed.org/~/media/files/publicat/speeches/2016/2016-felix-cfa-01-19.pdf

January 19, 2016 - NCUA - January’s NCUA Report Now Available - The National Credit Union Administration announced today the January 2016 issue of The NCUA Report is now available online.  www.ncua.gov/newsroom/Pages/news-2016-jan-ncua-report.aspx

January 19, 2016 - Deposit Insurance Coverage Seminars - Free Nationwide Seminars for Bank Officers and Employees - The FDIC will conduct six identical live seminars on FDIC deposit insurance coverage for bank employees and bank officers between February 23, 2016, and December 5, 2016.   www.fdic.gov/news/news/financial/2016/fil16006.pdf

January 19, 2016 - Banking Structure - Financial Holding Companies - Under the Bank Holding Company Act, bank holding companies may elect to be financial holding companies. Following is a list of those companies whose elections to become or be treated as financial holding companies are effective. www.federalreserve.gov/bankinforeg/fhc.htm 

January 19, 2016 - Notice of a Meeting under Expedited Procedures - A closed meeting of the Board of Governors of the Federal Reserve System was held at 9:00 AM on January 19, 2016, under expedited procedures. Matter(s) considered: Bank Supervisory Matter. www.federalreserve.gov/aboutthefed/boardmeetings/20160119exp.htm

January 19, 2016 - Federal Reserve Board announces termination of enforcement actions with Flagship Financial Group, Inc., and Prospect Financial Corporation.   www.federalreserve.gov/newsevents/press/enforcement/20160119a.htm 

January 19, 2016 - Federal Reserve Board announces approval of application by Unione di Banche Italiane, S.p.A. www.federalreserve.gov/newsevents/press/orders/20160119a.htm

January 15, 2016 - N CUA - Registration Open for Matz/Cordray Town Hall Webinar - Online registration for National Credit Union Administration Board Chairman Debbie Matz’s Feb. 9 webinar with Consumer Financial Protection Bureau Director Richard Cordray is now open and available here.
www.ncua.gov/newsroom/Pages/news-2016-jan-webinar-registration.aspx

January 15, 2016 - OCC Enforcement Actions and Terminations for January 2016 - 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/2016/nr-occ-2016-4.html

January 15, 2016 - Interagency Advisory on External Audits of Internationally Active U.S. Financial Institutions - The FDIC, the Office of the Comptroller of the Currency, and the Board of Governors of the Federal Reserve System are issuing an advisory to indicate their support for the principles and expectations set forth in the Basel Committee on Banking Supervision's March 2014 guidance on "External audits of banks".  www.fdic.gov/news/news/financial/2016/fil16005.pdf

January 15, 2016 - FDIC Announces the Retirements of Stanley R. Ivie, Robert W. Mooney, and Eric J. Spitler, and Appointment of M. Andy Jiminez - The Federal Deposit Insurance Corporation (FDIC) today announced the following personnel changes: www.fdic.gov/news/news/press/2016/pr16003.html

January 15, 2016 - Credit and Liquidity Programs and the Balance Sheet - Recent balance sheet trends, weekly chart update - Since the beginning of the financial market turmoil in August 2007, the Federal Reserve's balance sheet has grown in size and has changed in composition.  www.federalreserve.gov/monetarypolicy/bst_recenttrends.htm

January 15, 2016 - Notice of a Meeting under Expedited Procedures - A closed meeting of the Board of Governors of the Federal Reserve System was held at 10:00 AM on January 15, 2016, under expedited procedures. Matter(s) considered: Periodic Briefing and Discussion on Financial Markets, Institutions, and Infrastructure. www.federalreserve.gov/aboutthefed/boardmeetings/20160115exp.htm

January 15, 2016 - Resolution Plans - Federal Reserve Board makes available the public portions of 2015 resolution plans filed by certain financial companies, as required by the Dodd-Frank Wall Street Reform and Consumer Protection Act.  www.federalreserve.gov/bankinforeg/resolution-plans.htm

January 15, 2016 - Interagency Advisory on External Audits of Internationally Active U.S. Financial Institutions.  www.federalreserve.gov/bankinforeg/srletters/sr1602_PW.pdf

January 15, 2016 - Federal Open Market Committee - 2010 FOMC Transcripts, Presentation Materials, Greenbooks, and Bluebooks.  www.federalreserve.gov/fomc/beigebook/2010/20100113/fullreport20100113.pdf

January 15, 2016 - Statistical Release - Industrial Production and Capacity Utilization - G.17 - Industrial production declined 0.4 percent in December, primarily as a result of cutbacks for utilities and mining.  www.federalreserve.gov/releases/g17/Current/default.htm
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January 14, 2016 - Improving Transparency and Accountability in State Budgeting - Rick Mattoon - On December 7, 2015, the Volcker Alliance, the Institute of Government and Public Affairs at the University of Illinois, and the Federal Reserve Bank of Chicago held a conference examining ways to increase transparency and accountability in state budgeting.  https://www.chicagofed.org/publications/chicago-fed-letter/2016/351

January 14, 2016 - Financial Stress Rises to Highest Level in Four Years But Is Still Below Normal - Financial market stress rose to a four-year high in the latest reporting week, according to the St. Louis Fed Financial Stress Index.  www.stlouisfed.org/news-releases/2016/01/14/financial-stress-rises-to-highest-level-in-four-years-but-is-still-below-normal

January 14, 2016 - St. Louis Fed's Bullard Discusses Oil Prices and Inflation - Federal Reserve Bank of St. Louis President James Bullard discussed “Oil Prices, Inflation and U.S. Monetary Policy” at the Economic Club of Memphis on Thursday. www.stlouisfed.org/news-releases/2016/01/14/st-louis-feds-bullard-discusses-oil-prices-and-inflation

January 14, 2016 - FDIC Announces Upcoming Community Affairs Webinar - Savings Strategies During America Saves Week 2016 - The FDIC's Division of Depositor and Consumer Protection Community Affairs Branch will host a webinar titled Help Encourage Individuals and Families to Save on February 3, 2016, from 3:00 p.m. to 4:00 p.m.   www.fdic.gov/news/news/financial/2016/fil16004.html

January 14, 2016 - 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 9:00 AM on January 19, 2016. Matter to be considered: Bank Supervisory Matter. www.federalreserve.gov/aboutthefed/boardmeetings/20160114advexp.htm

January 13, 2016 - Survey Shows Growth Continued at a Modest Pace in Late November and December - The Chicago Fed Survey of Business Conditions Activity Index declined to –17 from –12, suggesting that growth in economic activity continued at a modest pace in late November and December. www.chicagofed.org/publications/cfsbc/index

January 13, 2016 - Fed’s Evans Addresses Iowa Business Leaders - Chicago Fed President Charles Evans talked about monetary policy and the economy January 13 during the Corridor Business Journal’s economic forecast luncheon in Cedar Rapids, IA. www.chicagofed.org/~/media/publications/speeches/2016/connecting-dots-monetary-policy-evans-charles-iowa-corridor-forecast-luncheon-01132016-print-pdf.pdf

January 13, 2016 - NCUA - Matz and CFPB Director Set Joint Webinar - ?Save the Date, Feb. 9, to Participate in Q&A on CFPB and NCUA Issues - National Credit Union Administration Board Chairman Debbie Matz will host her fifth annual joint webinar with Consumer Financial Protection Bureau Director Richard Cordray on Tuesday, Feb. 9, beginning at 3 p.m. Eastern.
www.ncua.gov/newsroom/Pages/news-2016-jan-joint-webinar.aspx

January 13, 2016 - Beige Book - Summary of Commentary on Current Economic Conditions by Federal Reserve District - Commonly known as the Beige Book, this report is published eight times per year. Each Federal Reserve Bank gathers anecdotal information on current economic conditions in its District through reports from Bank and Branch directors and interviews with key business contacts, economists, market experts, and other sources. www.federalreserve.gov/monetarypolicy/beigebook/default.htm

January 13, 2016 - Advanced Notice of a Meeting under Expedited Procedures - A closed meeting of the Board of Governors of the Federal Reserve System will be held under expedited procedures at 10:00 AM on January 15, 2016. Matter to be considered: www.federalreserve.gov/aboutthefed/boardmeetings/20160115advexp.htm

January 12, 2016 - NCUA - December 2015 NCUA Board Video Available - The video recording of the December 2015 open meeting of the National Credit Union Administration Board is now available on the agency’s website.  www.ncua.gov/newsroom/Pages/news-2016-dec-board-video.aspx

January 12, 2016 - NCUA - McWatters: Will Continue to Serve Throughout Confirmation Process - National Credit Union Administration Board Member J. Mark McWatters said today he intends to remain fully engaged on matters coming before the NCUA Board during the confirmation process for his nomination to serve on the Board of Directors of the Export-Import Bank of the United States. www.ncua.gov/newsroom/Pages/news-2016-jan-mcwatters-confirmation-process.aspx

January 12, 2016 - Consolidated Reports of Condition and Income - The Consolidated Reports of Condition and Income for the December 31, 2015, report date must be received by Saturday, January 30, 2016.  www.fdic.gov/news/news/financial/2016/fil16003.html

January 12, 2016 - Proposals for Comment - Proposal to approve under OMB delegated authority the extension for three years, with revision, FR 3033s. www.federalreserve.gov/apps/foia/proposedregs.aspx#icp

January 12, 2016 - Minutes of the Board's discount rate meetings from November 23 to December 16, 2015.  www.federalreserve.gov/newsevents/press/monetary/monetary20160112a1.pdf

January 11, 2016 - Economic Outlook Symposium: Summary of 2015 results and 2016 forecasts by William A. Strauss, senior economist and economic advisor, and Rebecca Friedman, 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 slightly above average in 2016, with inflation moving higher and the unemployment rate edging lower. www.chicagofed.org/events/2015/economic-outlook-symposium

January 11, 2016 - Federal Reserve Board announces Reserve Bank income and expense data and transfers to the Treasury for 2015 - The Federal Reserve Board on Monday announced preliminary results indicating that the Reserve Banks provided for payments of approximately $97.7 billion of their estimated 2015 net income to the U.S. Treasury. www.federalreserve.gov/newsevents/press/other/20160111a.htm

January 8, 2016 - Can Self-Help Groups Really Be 'Self-Help'? - Brian Greaney, Joseph P. Kaboski, and Eva Van Leemput - We provide an experimental and theoretical evaluation of a cost-reducing innovation in the delivery of "self-help group" microfinance services, in which privatized agents earn payments through membership fees for providing services. www.federalreserve.gov/econresdata/ifdp/2015/files/ifdp1155.pdf

January 8, 2016 - Media Advisory: St. Louis Fed President James Bullard Will Speak at Economic Club of Memphis. www.stlouisfed.org/news-releases/2016/01/08/bullard-will-speak-at-economic-club-of-memphis

January 8, 2016 - Consolidated Reports of Condition and Income for Fourth Quarter 2015 - The attached materials pertain to the Consolidated Reports of Condition and Income for the December 31, 2015, report date. www.fdic.gov/news/news/financial/2016/fil16002.html

January 8, 2016 - FOIA - Chair Yellen's calendar, November 2015.  www.federalreserve.gov/foia/files/chair-yellen-calendar-112015.pdf

January 8, 2016 - Credit and Liquidity Programs and the Balance Sheet - Recent balance sheet trends, weekly chart update - Since the beginning of the financial market turmoil in August 2007, the Federal Reserve's balance sheet has grown in size and has changed in composition.  www.federalreserve.gov/monetarypolicy/bst_recenttrends.htm
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January 7, 2016 - Fed’s Evans Addresses Wisconsin Bankers, Business Leaders - Chicago Fed President Charles Evans talked about monetary policy and the economy January 7 during the Wisconsin Bankers Association economic forecast luncheon in Madison, WI. www.chicagofed.org/publications/speeches/2016/01-06-connecting-the-dots-on-monetary-policy-charles-evans

January 7, 2016 - Financial Market Stress Declines Slightly - Financial market stress has declined for the second consecutive week. For the week ending Jan. 1, the St. Louis Fed Financial Stress Index measured -0.607, down slightly from the previous week’s revised value of -0.598. www.stlouisfed.org/news-releases/2016/01/07/financial-market-stress-declines-slightly

January 7, 2016 - Federal Reserve Board issues enforcement action with Covenant Bancgroup, Inc. www.federalreserve.gov/newsevents/press/enforcement/20160107a.htm

January 6, 2016 - Bank Regulatory Agencies and CDFI Fund to Sponsor National Interagency Community Reinvestment Conference - The federal bank regulatory agencies, the Federal Reserve Bank of San Francisco, and the Community Development Financial Institutions Fund will host the 2016 National Interagency Community Reinvestment Conference in Los Angeles from February 8 to 10. www.fdic.gov/news/news/press/2016/pr16001.html

January 6, 2016 - 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/2016/pr16002.html

January 6, 2016 - 2015 FOIA Annual Report - The following information is submitted to the U.S. Department of Justice by the Board of Governors of the Federal Reserve System in accordance with the requirements of the Freedom of Information Act (5 U.S.C. § 552(e)), as amended. www.federalreserve.gov/foia/annrept_2015.htm

January 6, 2016 - Minutes of the Federal Open Market Committee, December 15-16, 2015 - The Federal Reserve Board and the Federal Open Market Committee on Wednesday released the attached minutes of the Committee meeting held on December 15-16, 2015.  www.federalreserve.gov/newsevents/press/monetary/20160106a.htm

January 6, 2016 - Bank regulatory agencies and CDFI Fund to sponsor National Interagency Community Reinvestment Conference - The federal bank regulatory agencies, the Federal Reserve Bank of San Francisco, and the Community Development Financial Institutions Fund will host the 2016 National Interagency Community Reinvestment Conference in Los Angeles from February 8 to 10.
Press Release: www.federalreserve.gov/newsevents/press/other/20160106a.htm
Press Release: www.occ.gov/news-issuances/news-releases/2016/nr-ia-2016-3.html

January 5, 2016 - NCUA Monitoring Credit Unions in Flooded Areas of Missouri, Mississippi - Agency Working to Ensure Access to Needed Financial Services for Members; Share Deposits Remain Protected up to $250,000 - The National Credit Union Administration, the Missouri Division of Credit Unions and the Mississippi Department of Banking and Consumer Finance will work with federally insured credit unions affected by the recent severe storms and flooding in Missouri and Mississippi to help protect consumers and ensure the continuity of credit union services.  https://www.ncua.gov/newsroom/Pages/news-2016-jan-missouri-flooding.aspx

January 5, 2016 - OCC Terminates Mortgage Servicing-Related Consent Orders Against JPMorgan Chase and EverBank, Issues Civil Money Penalties - The Office of the Comptroller of the Currency today terminated mortgage servicing-related consent orders against JPMorgan Chase Bank, N.A., and EverBank, and assessed civil money penalties against the banks for previous violations of the orders. www.occ.gov/news-issuances/news-releases/2016/nr-occ-2016-2.html

January 5, 2016 - OCC Releases CRA Evaluations for 17 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, 2015 through December 31, 2015. www.occ.gov/news-issuances/news-releases/2016/nr-occ-2016-1.html

January 5, 2016 - Kansas City Fed announces director election results and appointments - The Federal Reserve Bank of Kansas City announces director election results and appointments to fill seats on its headquarters office and branch boards of directors. All appointments are effective Jan. 1, 2016. www.kansascityfed.org/~/media/files/publicat/newsroom/2016pdf/pressrelease010516.pdf

January 5, 2016 - Release schedule for the Kansas City Financial Stress Index - The Federal Reserve Bank of Kansas City began a monthly release of the Kansas City Financial Stress Index in August 2009. The index is a monthly measure of stress in the U.S. financial system based on 11 market variables. www.kansascityfed.org/~/media/files/publicat/newsroom/2016pdf/pressrelease010516kcfsi.pdf

January 5, 2016 - Regulatory Relief - Guidance to Help Financial Institutions and Facilitate Recovery in Areas of Mississippi Affected by Severe Storms, Tornadoes, Straight-Line Winds, and Flooding - The FDIC has announced a series of steps intended to provide regulatory relief to financial institutions and to facilitate recovery in areas of Mississippi affected by severe storms, tornadoes, straight-line winds, and flooding. www.fdic.gov/news/news/financial/2016/fil16001.html

January 5, 2016 - Legal Interpretations - Bank Holding Company Act, December 17 and 18, 2015. www.federalreserve.gov/bankinforeg/LegalInterpretations/bhc_changeincontrol2015.htm

January 5, 2016 - Surveys and Reports - Senior Credit Officer Opinion Survey on Dealer Financing Terms - The December 2015 Senior Credit Officer Opinion Survey on Dealer Financing Terms collected qualitative information on changes over the previous three months in credit terms and conditions in securities financing and over-the-counter derivatives markets. www.federalreserve.gov/econresdata/releases/scoos_201512.htm

January 4, 2016 - Speech by Vice Chairman Fischer on Monetary Policy, Financial Stability, and the Zero Lower Bound.  www.federalreserve.gov/newsevents/speech/fischer20160103a.htm

January 4, 2016 - Credit and Liquidity Programs and the Balance Sheet - Recent balance sheet trends, weekly chart update - Since the beginning of the financial market turmoil in August 2007, the Federal Reserve's balance sheet has grown in size and has changed in composition.  www.federalreserve.gov/monetarypolicy/bst_recenttrends.htm

January 3, 2016 - Vice Chairman Stanley Fischer - At the Annual Meeting of the American Economic Association, San Francisco, California - Monetary Policy, Financial Stability, and the Zero Lower Bound.  www.federalreserve.gov/newsevents/speech/fischer20160103a.htm