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

March 31, 2016 - Emerging Trends in the U.S. and Colorado Economies - By Alison Felix. www.kansascityfed.org/~/media/files/publicat/speeches/2016/2016-felix-ismdn-03-31.pdf

March 31, 2016 - Midwest Economic Growth Improved in February - The Midwest Economy Index was +0.07 in February, up from –0.09 in January. www.chicagofed.org/publications/mei/index
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March 31, 2016 - Midwest Economic Growth Improved in February - The Midwest Economy Index (MEI) was +0.07 in February, up from –0.09 in January. - The Midwest Economy Index (MEI) moved up to +0.07 in February from –0.09 in January. The relative MEI fell to +0.54 in February from +0.73 in January.  www.chicagofed.org/publications/mei/index

March 31, 2016 - OCC Shares Its Perspective on Responsible Innovation, Announces June 23 Forum on Innovation - The Office of the Comptroller of the Currency (OCC) today published its perspective on responsible innovation in the federal banking system and solicited feedback on what more it could do to support innovation that better serves consumers, businesses, and communities. www.occ.gov/news-issuances/news-releases/2016/nr-occ-2016-39.html

March 31, 2016 - Financial Market Stress Falls for Sixth Consecutive Week - Financial market stress continues to fall according to the St. Louis Fed Financial Stress Index. For the week ending March 25, the STLFSI measured -0.842, down sharply from the previous week’s revised value of -0.773 and its sixth consecutive weekly decline. www.stlouisfed.org/news-releases/2016/03/31/financial-market-stress-falls-for-sixth-consecutive-week

March 31, 2016 - Managerial Compensation under Privately-Observed Hedging - Qi Liu and Bo Sun - This paper studies how private information in hedging outcomes affects the design of managerial compensation when hedging instruments serve as a double-edged sword in that they may be used for both corporate hedging and earnings management.  www.federalreserve.gov/econresdata/ifdp/2016/files/ifdp1160.pdf

March 31, 2016 - Senior Credit Officer Opinion Survey on Dealer Financing Terms - The Senior Credit Officer Opinion Survey on Dealer Financing Terms is a quarterly survey providing information about the availability and terms of credit in securities financing and over-the counter (OTC) derivatives markets.  www.federalreserve.gov/econresdata/releases/scoos.htm

March 31, 2016 - The impact of unconventional monetary policy on firm financing constraints: Evidence from the maturity extension program - Nathan Foley-Fisher, Rodney Ramcharan, and Edison Yu - This paper investigates the impact of unconventional monetary policy on firm financial constraints.  www.federalreserve.gov/econresdata/feds/2016/files/2016025pap.pdf

March 31, 2016 - Foreign Competition and Domestic Jobs: Evidence from the U.S. Trade Adjustment Assistance - Illenin O. Kondo1, Federal Reserve Board - Using data on the certified petitions for U.S. Trade Adjustment Assistance, I document that international trade unevenly affects reallocation and employment across U.S. states.  www.federalreserve.gov/econresdata/notes/ifdp-notes/2016/foreign-competition-and-domestic-jobs-evidence-from-the-us-trade-adjustment-assistance-20160331.html

March 31, 2016 - Reports to the Congress - On the Office of Minority and Women Inclusion, 2016.  www.federalreserve.gov/publications/other-reports/default.htm#omwi

March 31, 2016 - Regulatory Reform - Discount Window Lending, 2014:Q1 - The discount window helps to relieve liquidity strains for individual depository institutions and for the banking system as a whole by providing a reliable backup source of funding.  www.federalreserve.gov/newsevents/reform_discount_window.htm

March 31, 2016 - NCUA - Montauk Credit Union Merges into Bethpage Federal Credit Union - Member Accounts Remain Protected to $250,000; Member Services Uninterrupted - Montauk Credit Union of New York, New York, has merged into Bethpage Federal Credit Union of Bethpage, New York, effective today, the National Credit Union Administration announced. www.ncua.gov/newsroom/Pages/news-2016-march-montauk-bethpage-merger.aspx

March 31, 2016 - NCUA - Corporate Resolution Costs, NCUA Guaranteed Notes Continue Improvement - Sound Management Policies, Litigation Strategy Make Future Assessments Unlikely - Updated information on the costs of the Corporate Resolution Program and the performance of the NCUA Guaranteed Notes Program is now available online, the National Credit Union Administration announced today. www.ncua.gov/newsroom/Pages/news-2016-march-ngn-continue-improvement.aspx

March 31, 2016 - NCUA Issues Prohibition Notices - The National Credit Union Administration in March has issued two notices of prohibition to individuals who have been convicted of crimes of dishonesty and, as a result, are prohibited from participating in the affairs of any federally insured financial institution. www.ncua.gov/newsroom/Pages/news-2016-march-prohibition-orders.aspx

March 30, 2016 - Fed’s Evans Addresses Economists, Business Leaders - Chicago Fed President Charles Evans talked about monetary policy and the economy March 30 during a Forecasters Club of New York luncheon. www.chicagofed.org/~/media/publications/speeches/2016/monetary-policy-evans-forecaster-03302015-print-pdf.pdf

March 30, 2016 - OCC Reports Fourth Quarter 2015 Bank Trading Revenue Declines to $4.3 Billion - Trading revenue of U.S. commercial banks and savings associations fell to $4.3 billion in the fourth quarter of 2015 down from $5.3 billion in the previous quarter, according to a report released today by the Office of the Comptroller of the Currency. www.occ.gov/news-issuances/news-releases/2016/nr-occ-2016-38.html

March 30, 2016 - OCC Hosts Risk Governance and Compliance Workshops in Illinois - The Office of the Comptroller of the Currency will host two workshops in Springfield, Ill., at the Wyndham Springfield, May 3-4, for directors of national community banks and federal savings associations supervised by the OCC. www.occ.gov/news-issuances/news-releases/2016/nr-occ-2016-37.html

March 30, 2016 - Mortgage Performance Improves Through Fourth Quarter of 2015, OCC Reports - Performance of first-lien mortgages improved during the fourth quarter of 2015 compared with a year earlier, according to the Office of the Comptroller of the Currency’s quarterly report on mortgages. www.occ.gov/news-issuances/news-releases/2016/nr-occ-2016-36.html

March 30, 2016 - Non-Stationary Dynamic Factor Models for Large Datasets - Matteo Barigozzi, Marco Lippi, and Matteo Luciani - We develop the econometric theory for Non-Stationary Dynamic Factor models for large panels of time series, with a particular focus on building estimators of impulse response functions to unexpected macroeconomic shocks.  www.federalreserve.gov/econresdata/feds/2016/files/2016024pap.pdf

March 30, 2016 - Federal Reserve survey provides information on mobile financial services - Mobile banking use continued to rise last year as smartphone adoption grew and consumers were increasingly drawn to the convenience of mobile financial services, according to a Federal Reserve Board report, Consumers and Mobile Financial.   www.federalreserve.gov/newsevents/press/other/20160330a.htm

March 29, 2016 - Veterans Health Administration Credit Union Closes; Public Service Credit Union Assumes Assets, Loans and Shares - Member Deposits Remain Protected up to $250,000 by the Share Insurance Fund - The State of Michigan Department of Insurance and Financial Services today liquidated Veterans Health Administration Credit Union of Detroit and named the National Credit Union Administration as liquidating agent. www.ncua.gov/newsroom/Pages/news-2016-march-veterans-health-liquidation.aspx

March 29, 2016 - OCC Names New Assistant Deputy Comptroller for National Banks in the OCC’s Cincinnati Field Office - The Office of the Comptroller of the Currency named Celia McGrath as Assistant Deputy Comptroller of its Cincinnati Field Office. www.occ.gov/news-issuances/news-releases/2016/nr-occ-2016-35.html

March 29, 2016 - OCC Hosts Delaware Workshop for Bank Directors - The Office of the Comptroller of the Currency will host a workshop in Wilmington, Del., at the DoubleTree by Hilton Hotel Wilmington, May 2-4, for directors of national community banks and federal savings associations supervised by the OCC. www.occ.gov/news-issuances/news-releases/2016/nr-occ-2016-34.html

March 29, 2016 - Corporate Equities by Issuer in the Financial Accounts of the United States - Richard E. Ogden, Damian R. Thomas, and Missaka Warusawitharana -
Beginning with the December 2015 publication, the Financial Accounts of the United States reports estimates of the value of corporate equities of publicly traded and closely held corporations separately; closely held corporations are further broken down into S corporations and C corporations.  www.federalreserve.gov/econresdata/notes/feds-notes/2016/corporate-equities-by-issuer-in-the-financial-accounts-of-the-united-states-20160329.html

March 29, 2016 - Semiannual Report on Banking Applications Activity, July 1 - December 31, 2015 - This report provides information regarding the applications filed by banking organizations and reviewed by the Federal Reserve as of the most recent reporting period ending on June 30 and December 31 of each calendar year. www.federalreserve.gov/bankinforeg/semiannual-report-on-banking-applications-20160329.pdf

March 29, 2016 - Chair Janet L. Yellen - The Outlook, Uncertainty, and Monetary Policy - At the Economic Club of New York, New York, New York.   www.federalreserve.gov/newsevents/speech/yellen20160329a.htm

March 29, 2016 - Federal Reserve engages in effort to assess faster payments solutions - The Federal Reserve on Tuesday announced the selection of McKinsey & Company to support Faster Payments Task Force efforts this year to assess faster payments solution proposals from various providers across the United States payments industry. www.federalreserve.gov/newsevents/press/other/20160329a.htm 

March 28, 2016 - Auto Production Footprints: Comparing Europe and North America - Thomas H. Klier , James Rubenstein - This article explores whether the forces shaping the auto industry’s agglomeration are the same in Europe and North America. www.chicagofed.org/~/media/publications/economic-perspectives/2015/4q2015-part2-klier-rubenstein-pdf.pdf

March 28, 2016 - NCUA - Registration Still Open for NCUA’s March 30 Financial Literacy Webinar - Join the Conversation to Learn about Effective Financial Literacy Programs - There is still time to register for the National Credit Union Administration’s third annual financial literacy webinar, “The Pathway to Financial Well-Being,” to be held Wednesday, March 30, 2016, at 2 p.m. Eastern. www.ncua.gov/newsroom/Pages/news-2016-march-financial-literacy-webinar-registration.aspx

March 28, 2016 - OCC Names New Assistant Deputy Comptroller for National Banks in the OCC’s Fort Worth Field Office - The Office of the Comptroller of the Currency named Hub Thompson as Assistant Deputy Comptroller of its Fort Worth Field Office. www.occ.gov/news-issuances/news-releases/2016/nr-occ-2016-33.html

March 28, 2016 - Do Local Bond Markets Help Fight Inflation? - Andrew K. Rose and Mark M. Spiegel - Domestic bond markets allow governments to inflate away their debt obligations. However, they also may create a group of bond holders with the influence and desire to demand lower stable inflation.  www.frbsf.org/economic-research/publications/economic-letter/2016/march/domestic-currency-bond-markets-and-inflation/

March 28, 2016 - FEDS Notes - Do People Leave Money on the Table? Evidence from Joint Mortgage Applications and the Minimum FICO Rule - There is mounting evidence that households make suboptimal savings and investment decisions.  www.federalreserve.gov/econresdata/notes/feds-notes/2016/do-people-leave-money-on-the-table-20160328.html

March 28, 2016 - Statistical Release - Finance Companies - G.20.  www.federalreserve.gov/releases/g20/Current/

March 28, 2016 - Notice of a Meeting under Expedited Procedures - A closed meeting of the Board of Governors of the Federal Reserve System was held at 11:15 AM on March 28, 2016. Matter 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/20160328exp.htm

March 25, 2016 - NCUA’s Economic Update Reviews Current Conditions and Outlook for Credit Unions - Despite a weak start in the early part of the year, forecasters expect moderate growth in the U.S. economy, job gains of around 200,000 per month and the unemployment rate to decline to about 4.5 percent at the end of this year, according to a new Economic Update video released today by the National Credit Union Administration. www.ncua.gov/newsroom/Pages/news-2016-march-economic-update.aspx

March 25, 2016 - NCUA - Clarkston Brandon Merges into Michigan State University Federal Credit Union - Member Deposits Remain Protected to $250,000, Member Services Uninterrupted - Clarkston Brandon Community Credit Union, of Clarkston, Michigan, has merged into Michigan State University Federal Credit Union, of East Lansing, effective today, the National Credit Union Administration announced. www.ncua.gov/newsroom/Pages/news-2016-march-credit-union-merger.aspx

March 25, 2016 - FDIC Makes Public February Enforcement Actions; One Administrative Hearing Scheduled for April 2016 - The Federal Deposit Insurance Corporation today released a list of orders of administrative enforcement actions taken against banks and individuals in February. One administrative hearing is scheduled for April 2016. www.fdic.gov/news/news/press/2016/pr16024a.html
 
March 25, 2016 - Modelling Overnight RRP Participation - Alyssa Anderson and Jeffrey Huther - We examine how market participants have used the Federal Reserve’s overnight reverse repurchase exercise and how short-term interest rates have evolved between December 2013 and November 2014. www.federalreserve.gov/econresdata/feds/2016/files/2016023pap.pdf

March 25, 2016 - Credit and Liquidity Programs and the Balance Sheet - 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

March 25, 2016 - Supervision Manuals - Bank Holding Company Supervision Manual, Semiannual Update.  www.federalreserve.gov/boarddocs/supmanual/
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March 25, 2016 - FDIC Makes Public February Enforcement Actions - The Federal Deposit Insurance Corporation (FDIC) today released a list of orders of administrative enforcement actions taken against banks and individuals in February. One administrative hearing is scheduled for April 2016. https://www.fdic.gov/news/news/press/2016/pr16024.html

March 24, 2016 - St. Louis Fed's Bullard Discusses Time Consistency and Recent Fed Policy - Federal Reserve Bank of St. Louis President James Bullard discussed “Time Consistency and Fed Policy” in a presentation Thursday to the New York Association for Business Economics. www.stlouisfed.org/news-releases/2016/03/24/st-louis-feds-bullard-discusses-time-consistency-and-recent-fed-policy

March 24, 2016 - St. Louis Fed Financial Stress Index Drops to Lowest Level Since Early December - Financial market stress fell sharply in the latest reporting week, according to the St. Louis Fed Financial Stress Index.  www.stlouisfed.org/news-releases/2016/03/24/st-louis-fed-financial-stress-index-drops-to-lowest-level-since-early-december

March 24, 2016 - St. Louis Fed Releases Little Rock Burgundy Book - On March 24, the Federal Reserve Bank of St. Louis published its latest Little Rock Burgundy Book, a quarterly review of economic information for the Little Rock Zone of the Eighth District. www.stlouisfed.org/news-releases/2016/03/24/st-louis-fed-releases-little-rock-burgundy-book 

March 24, 2016 - St. Louis Fed Releases Louisville Burgundy Book - On March 24, the Federal Reserve Bank of St. Louis published its latest Louisville Burgundy Book, a quarterly review of economic information for the Louisville Zone of the Eighth District. www.stlouisfed.org/news-releases/2016/03/24/st-louis-fed-releases-louisville-burgundy-book

March 24, 2016 - St. Louis Fed Releases Memphis Burgundy Book - On March 24, the Federal Reserve Bank of St. Louis published its latest Memphis Burgundy Book, a quarterly review of economic information for the Memphis Zone of the Eighth District. www.stlouisfed.org/news-releases/2016/03/24/st-louis-fed-releases-memphis-burgundy-book

March 24, 2016 - St. Louis Fed Releases St. Louis Burgundy Book - On March 24, the Federal Reserve Bank of St. Louis published its latest St. Louis Burgundy Book, a quarterly review of economic information for the St. Louis Zone of the Eighth District. https://www.stlouisfed.org/news-releases/2016/03/24/st-louis-fed-releases-st-louis-burgundy-book
 
March 24, 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 11:30 a.m. on March 28, 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/20160328advexp.htm

March 24, 2016 - Federal Reserve Board issues enforcement action with National Bank of Pakistan.  www.federalreserve.gov/newsevents/press/enforcement/enf20160324a1.pdf 

March 24, 2016 - Federal Reserve Board begins 2016 Survey of Consumer Finances - The Federal Reserve Board in April will begin a statistical study of household finances, the Survey of Consumer Finances, that will provide policymakers with important insight into the economic condition of a broad cross section of American families. www.federalreserve.gov/newsevents/press/other/20160324a.htm

March 24, 2016 - NCUA Agrees to $29 Million Offer of Judgment from Credit Suisse - Recoveries in Securities Cases Reach More than $2.5 Billion - The National Credit Union Administration today announced acceptance of a $29 million offer of judgment from Credit Suisse to resolve claims arising from losses related to purchases of residential mortgage-backed securities by Members United and Southwest corporate credit unions. www.ncua.gov/newsroom/Pages/news-2016-march-judgment-credit-suisse.aspx

March 23, 2016 - Economic Update By Chad Wilkerson - Structure and Functions of the Federal Reserve System Vice President, Economist, and OKC Branch Executive Federal Reserve Bank of Kansas City.  www.kansascityfed.org/~/media/files/publicat/speeches/2016/2016-wilkerson-funders-roundtable-03-16.pdf

March 23, 2016 - Federal Reserve begins 2016 Survey of Finance Companies - The Federal Reserve will begin its Survey of Finance Companies in March as part of the continuing effort to paint a comprehensive view of the range of companies in this sector of the U.S. financial system. www.federalreserve.gov/newsevents/press/other/20160323a.htm

March 22, 2016 - Unraveling the Oil Conundrum: Productivity Improvements and Cost Declines in the U.S. Shale Oil Industry - Ryan Decker, Aaron Flaaen, and Maria Tito - Oil prices have declined by roughly 70 percent since peaking in the middle of 2014.  www.federalreserve.gov/econresdata/notes/feds-notes/2016/unraveling-the-oil-conundrum-productivity-improvements-and-cost-declines-in-the-us-shale-oil-industry-20160322.html

March 22, 2016 - Economic Growth Slowed in February - The Chicago Fed National Activity Index (CFNAI) was –0.29 in February, down from +0.41 in January. www.chicagofed.org/~/media/publications/cfnai/2016/cfnai-march2016-pdf.pdf?la=en

March 22, 2016 - The NCUA Report: Modernized Business Lending Rule Brings Regulatory Relief - Read the Latest Issue of NCUA’s Monthly Newsletter Online - The latest issue of the National Credit Union Administration’s monthly newsletter examines the key aspects of the modernized member business lending rule, and how the change from prescriptive limits to principles-based regulation will provide credit unions greater measures of regulatory relief and flexibility.
www.ncua.gov/newsroom/Pages/news-2016-march-ncua-report.aspx

March 22, 2016 - FDIC Announces Community Banking Conference "Strategies for Long-Term Success" - The Federal Deposit Insurance Corporation today announced it will bring together community bankers, regulators, researchers, and others for a conference on community banking on April 6 in Arlington, Va. As part of the FDIC's Community Banking Initiative, the conference will explore strategies for long-term success in the community banking sector. www.fdic.gov/news/news/press/2016/pr16023.html

March 22, 2016 - Time-varying Volatility and the Power Law Distribution of Stock Returns - Missaka Warusawitharana - While many studies find that the tail distribution of high frequency stock returns follow a power law, there are only a few explanations for this finding.  www.federalreserve.gov/econresdata/feds/2016/files/2016022pap.pdf

March 22, 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. The list includes only the top-tier company in each organization. www.federalreserve.gov/bankinforeg/fhc.htm 

March 22, 2016 - Federal Reserve Board announces termination of enforcement action with Washington Bancorp, Inc. www.federalreserve.gov/newsevents/press/enforcement/20160322a.htm

March 21, 2016 - NCUA - Reminder: CUSO Registration Ends March 31 - NCUA Posts New Video Tutorials on Using the CUSO Registry - The National Credit Union Administration today reminded credit union service organizations that they have until March 31 to register with the agency. As part of NCUA’s enhanced CUSO rule approved by the Board in November 2013, federally insured credit unions are responsible for ensuring the CUSOs they make loans to or invest in agree to provide certain information directly to NCUA. www.ncua.gov/newsroom/Pages/news-2016-march-cuso-registration.aspx

March 21, 2016 - OCC Hosts Risk Governance and Credit Workshops in Virginia - The Office of the Comptroller of the Currency will host two workshops in Williamsburg, Va., at the DoubleTree by Hilton Williamsburg, April 19-20, for directors of national community banks and federal savings associations supervised by the OCC. www.occ.gov/news-issuances/news-releases/2016/nr-occ-2016-32.html

March 21, 2016 - How Much Does the EMU Benefit Trade? - Reuven Glick and Andrew K. Rose - The economic benefits of sharing a currency like the euro continue to be debated. In theory, countries that use the same currency face lower trade costs and exchange rate risk and are able to compare prices across borders more easily.  www.frbsf.org/economic-research/publications/economic-letter/2016/march/trade-benefits-of-emu-european-economic-and-monetary-union/

March 21, 2016 - Agencies release guidance to issuing banks on applying Customer Identification Program requirements to holders of prepaid cards - Federal financial institution regulatory agencies today issued guidance clarifying the applicability of the Customer Identification Program rule to prepaid cards issued by banks. Press Release: www.federalreserve.gov/newsevents/press/bcreg/20160321a.htm
Press Release: www.fdic.gov/news/news/press/2016/pr16022.html
Press Release: www.occ.gov/news-issuances/news-releases/2016/nr-ia-2016-31.html
Press Release: www.ncua.gov/newsroom/Pages/news-2016-march-joint-agency-release-prepaid-cards.aspx

March 21, 2016 - Federal Reserve Board announces approval of application by Goldman Sachs Bank USA - The Federal Reserve Board on Monday announced its approval of the application under section 18(c) of the Federal Deposit Insurance Act by Goldman Sachs Bank USA, New York, New York, to assume certain deposits of, and acquire certain assets from, GE Capital Bank, Holladay, Utah. www.federalreserve.gov/newsevents/press/orders/orders20160321a1.pdf

March 18, 2016 - Financial Statement Now Available - Federal Reserve Bank of Chicago financial statement for 2015 is now online. www.federalreserve.gov/monetarypolicy/bst_fedfinancials.htm

March 18, 2016 - OCC Enforcement Actions and Terminations for March 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-2016-30.html

March 18, 2016 - Comptroller Discusses Innovation and Community Development - Comptroller of the Currency Thomas J. Curry discussed how innovative financial products and services are considered under the Community Reinvestment Act during remarks at the National Community Reinvestment Coalition annual conference.  www.occ.gov/news-issuances/speeches/2016/pub-speech-2016-29.pdf

March 18, 2016 - Economic Outlook - Daniel Wilson, research adviser at the Federal Reserve Bank of San Francisco, stated his views on the current economy and the outlook as of March 10, 2016. www.frbsf.org/economic-research/publications/fedviews/2016/march/march-10-2016/

March 18, 2016 - St. Louis Fed Launches New Housing Market Perspectives Report Featuring Economist Bill Emmons - The St. Louis Fed's Community Development department has released a new online publication featuring analysis from St. Louis Fed economist and assistant vice president Bill Emmons as part of its quarterly Housing Market Conditions report.  www.stlouisfed.org/news-releases/2016/03/18/st-louis-fed-launches-new-housing-market-perspectives-report-featuring-economist-bill-emmons

March 18, 2016 - St. Louis Fed's Bullard Discusses Zero Interest Rate Policy - Federal Reserve Bank of St. Louis President James Bullard discussed “Permazero in Europe?” at the International Research Forum on Monetary Policy on Friday. www.stlouisfed.org/news-releases/2016/03/18/st-louis-feds-bullard-discusses-zero-interest-rate-policy

March 18, 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. 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

March 18, 2016 - Quarterly Report on Federal Reserve Balance Sheet Developments, March 2016. www.federalreserve.gov/files/quarterly_balance_sheet_developments_report_201603.pdf

March 18, 2016 - Does Zoning Help or Hinder Transit-Oriented (Re)Development? - Jenny Schuetz, Genevieve Giuliano, and Eun Jin Shin - Despite its reputation as a car-oriented city, the Los Angeles metropolitan area has made substantial investments in developing rail transit since 1990.  www.federalreserve.gov/econresdata/feds/2016/index.htm#1

March 18, 2016 - The Role of Learning for Asset Prices, Business Cycles, and Monetary Policy - Fabian Winkler - The importance of financial frictions for the business cycle is widely recognized, but it is less recognized that their effects depend heavily on the underlying asset pricing theory.  www.federalreserve.gov/econresdata/feds/2016/files/2016019pap.pdf

March 18, 2016 - What are the Perceived Barriers to Homeownership for Young Adults? - Jeff Larrimore, Jenny Schuetz, and Samuel Dodini - As the U.S. emerges from the Great Recession, there is concern about slowing rates of new household formation and declining interest in homeownership, especially among younger households.  www.federalreserve.gov/econresdata/feds/2016/files/2016021pap.pdf

March 18, 2016 - Federal Reserve System publishes annual financial statements - The Federal Reserve System on Friday released the 2015 combined annual audited financial statements for the Federal Reserve Banks, as well as statements for the 12 individual Federal Reserve Banks, Maiden Lane LLC, and the Board of Governors.   www.federalreserve.gov/newsevents/press/other/20160317a.htm
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March 17, 2016 - OCC Announces New Senior Executives - Comptroller of the Currency Thomas J. Curry today announced Grace Dailey will become Senior Deputy Comptroller for Bank Supervision Policy and Chief National Bank Examiner and Grovetta Gardineer will fill the newly created position of Senior Deputy Comptroller for Compliance and Community Affairs. www.occ.gov/news-issuances/news-releases/2016/nr-occ-2016-28.html

March 17, 2016 - St. Louis Fed Financial Stress Index Declines for Fourth Week in a Row - The St. Louis Fed Financial Stress Index has fallen for the fourth consecutive week, bringing it to its lowest level this year. For the week ending March 11, the index measured -0.651, down slightly from the previous week’s revised value of -0.612. www.stlouisfed.org/news-releases/2016/03/17/st-louis-fed-financial-stress-index-declines-for-fourth-week-in-a-row

March 17, 2016 - Notice of a Meeting under Expedited Procedures - A closed meeting of the Board of Governors of the Federal Reserve System was held at 10:30 AM on March 17, 2016. Matter considered: Bank Supervisory Matter. www.federalreserve.gov/aboutthefed/boardmeetings/20160317exp.htm

March 17, 2016 - Federal Reserve Bulletin - Legal Developments: Fourth Quarter, 2015 - Ten orders were issued this quarter, one for Royal Bank of Canada, Baylake Corp., and BB&T Corporation under Section 3 of the Bank Holding Company Act, one for Community Bank System, Inc. under Sections 3 and 4 of the Bank Holding Company Act, one for Farmers Bank of Northern Missouri under the Bank Merger Act, one for Chemical Bank under the Federal Reserve Act, one for Royal Bank of Canada, Korea Exchange Bank, and Taiwan Business Bank, Ltd. under the International Banking Act, and one for Synchrony Financial under the Home Owners' Loan Act. www.federalreserve.gov/pubs/bulletin/2015/pdf/legalq415.pdf

March 16, 2016 - Chicago, Fiscal Policy, Illinois - Can Budget Rules Help Reduce Fiscal Troubles in Illinois? - Rebecca Friedman - Fiscal analysts and credit rating agencies have criticized Illinois government officials for their fiscal mismanagement, especially the shifting of debt obligations incurred to pay for current services onto future generations.  http://midwest.chicagofedblogs.org/?p=2531

March 16, 2016 - NCUA Chairman Matz Town Hall Webinar with CFPB Director Cordray Now Online - The Feb. 9 town hall webinar hosted by National Credit Union Administration Board Chairman Debbie Matz and featuring Consumer Financial Protection Bureau Director Richard Cordray is now available online. www.ncua.gov/newsroom/Pages/news-2016-march-matz-cordray-webinar.aspx

March 16, 2016 - NCUA - Flickr Account Offers a Look Inside NCUA - Photos, charts, information graphics and other imagery from the National Credit Union Administration are now available on the agency’s official Flickr account, launched today. www.ncua.gov/newsroom/Pages/news-2016-march-flickr-added.aspx

March 16, 2016 - Notice of a Meeting under Expedited Procedures - A closed meeting of the Board of Governors of the Federal Reserve System was held at 1 PM on March 15, 2016. Matter considered: Discussion of Monetary Policy Issues. www.federalreserve.gov/aboutthefed/boardmeetings/20160315exp.htm

March 16, 2016 - Federal Reserve Board and Federal Open Market Committee release economic projections from the March 15-16 FOMC meeting - The attached table and charts released on Wednesday summarize the economic projections and the target federal funds rate projections made by Federal Open Market Committee participants for the March 15-16 meeting. www.federalreserve.gov/newsevents/press/monetary/20160316b.htm

March 16, 2016 - Federal Reserve issues FOMC statement - Information received since the Federal Open Market Committee met in January suggests that economic activity has been expanding at a moderate pace despite the global economic and financial developments of recent months.  www.federalreserve.gov/newsevents/press/monetary/20160316a.htm

March 15, 2016 - NCUA Issues Annual Report - 2015 Report Details Accomplishments in the “Year of Regulatory Relief” - The National Credit Union Administration released today its 2015 Annual Report. Found online here, the report highlights the agency’s activities, policy initiatives and accomplishments for the year. www.ncua.gov/newsroom/Pages/news-2015-march-annual-report.aspx

March 15, 2016 - Regulatory Relief - Guidance to Help Financial Institutions and to Facilitate Recovery in Areas of Louisiana Affected by Severe Storms 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 Louisiana affected by severe weather. www.fdic.gov/news/news/financial/2016/fil16020.html

March 15, 2016 - FDIC Board Adopts Final Rule to Increase Deposit Insurance Fund to Statutorily Required Level - The Board of Directors of the Federal Deposit Insurance Corporation today approved a final rule to increase the Deposit Insurance Fund to the statutorily required minimum level of 1.35 percent. www.fdic.gov/news/news/press/2016/pr16021.html

March 15, 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 a.m. on March 17, 2016. Matter to be considered: Bank Supervisory Matter. www.federalreserve.gov/aboutthefed/boardmeetings/20160317advexp.htm

March 14, 2016 - The Federal Reserve Board on Monday announced its approval of the applications under section 9 of the Federal Reserve Act by Frost Bank, San Antonio, Texas, to establish branches at 314 South WW White Road, San Antonio, and 2421 East Seventh Street, Austin, Texas. www.federalreserve.gov/newsevents/press/orders/orders20160314a1.pdf

March 14, 2016 - NCUA Financial Literacy Webinar Will Help Credit Unions Create Effective Programs - Registration for March 30 Event Now Open Online - Credit unions can learn more about promoting financial literacy, financial inclusion and financial capability by participating in a webinar hosted by the National Credit Union Administration. www.ncua.gov/newsroom/Pages/news-2016-march-financial-literacy-webinar.aspx

March 14, 2016 - NCUA - February 2016 NCUA Board Video Available - The video recording of the February 2016 open meeting of the National Credit Union Administration Board is now available on the agency’s website. www.ncua.gov/newsroom/Pages/news-2016-march-board-video.aspx

March 14, 2016 - NCUA Offers New Member Business Lending Resource - Successful Lending Requires Right People, Processes and Policies - Credit unions can learn more about the advantages of member business lending in a video released today by the National Credit Union Administration. www.ncua.gov/newsroom/Pages/news-2016-march-member-business-resources.aspx

March 14, 2016 - Office of the Comptroller of the Currency Proposes Rule Changes to Reduce Regulatory Burden - The Office of the Comptroller of the Currency (OCC) today proposed to remove outdated or unnecessary provisions of certain rules to reduce regulatory burden on national banks and federal savings associations. www.occ.gov/news-issuances/news-releases/2016/nr-occ-2016-27.html

March 14, 2016 - Notice of a Meeting under Expedited Procedures - A closed meeting of the Board of Governors of the Federal Reserve System was held at 11:30 AM on March 14, 2016. Matter 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/20160314exp.htm

March 14, 2016 - Freedom of Information Office - 2016 FOMC Chief FOIA Officer Report - In response to Executive Order 13392, Improving Agency Disclosure of Information, dated December 14, 2005, the Federal Open Market Committee has made the following designations: www.federalreserve.gov/foia/fomc/servicecenter.htm

March 14, 2016 - Freedom of Information Office - 2016 Chief FOIA Officer Report - Margaret McCloskey Shanks, Deputy Secretary and Chief FOIA Officer for the Board of Governors of the Federal Reserve System, hereby submits the Chief FOIA Officer Report on behalf of the Board. www.federalreserve.gov/foia/foia-officer-report-2016.htm

March 14, 2016 - Statistical Release - Household Debt Service and Financial Obligations Ratios - Household debt service payments and financial obligations as a percentage of disposable personal income; seasonally adjusted.  www.federalreserve.gov/releases/housedebt/default.htm

March 11, 2016 - NCUA: Loans and Deposits Grow in All States in 2015 - Median Asset Growth Rate Higher; Median Delinquency Rate Declines Slightly - Median growth rates for loans, assets, and shares and deposits at federally insured credit unions were positive in all states in 2015, according to state-level data compiled by the National Credit Union Administration and released today.  www.ncua.gov/newsroom/Pages/news-2016-march-state-maps-review.aspx

March 11, 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 1:00 PM on March 15, 2016. Matter to be considered: Discussion of Monetary Policy Issues. www.federalreserve.gov/aboutthefed/boardmeetings/20160315advexp.htm

March 11, 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

March 11, 2016 - Updates to the Expanded Examination Cycle for Certain State Member Banks and U.S. Branches and Agencies of Foreign Banking Organizations www.federalreserve.gov/bankinforeg/srletters/sr1606.pdf ______________________

March 10, 2016 - OCC Hosts Minority Depository Institutions Advisory Committee Meeting - The Office of the Comptroller of the Currency today announced it will host a public meeting of the Minority Depository Institutions Advisory Committee on Tuesday, April 5, 2016, beginning at 8:00 a.m., Eastern Daylight Time. www.occ.gov/news-issuances/news-releases/2016/nr-occ-2016-26.html

March 10, 2016 - St. Louis Fed Financial Stress Index Declines for Third Week in a Row - The St. Louis Fed Financial Stress Index fell for the third consecutive week. For the week ending March 4, the index measured -0.609, its lowest level since the week ending Jan. 1, 2016. www.stlouisfed.org/news-releases/2016/03/10/st-louis-fed-financial-stress-index-declines-for-third-week-in-a-row

March 10, 2016 - Flood Insurance Videos Updated - As part of the FDIC's Community Banking Initiative, the FDIC is announcing the release of updated technical assistance videos on flood insurance. The new videos provide financial institution management, compliance officers, and staff with resources for better understanding of federal flood insurance laws, regulations, and compliance responsibilities.  www.fdic.gov/news/news/financial/2016/fil16018.html

March 10, 2016 - Statistical Release - Minority-Owned Depository Institutions.  www.federalreserve.gov/releases/mob/current/default.htm

March 10, 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 March 14, 2016.  www.federalreserve.gov/aboutthefed/boardmeetings/20160314advexp.htm

March 9, 2016 - Update on Financial Conditions - Financial conditions eased slightly at the end of February and early March, as the NFCI edged lower for the third straight week in the week ending March 4. www.chicagofed.org/publications/nfci/index

March 9, 2016 - NCUA - Matz to Step Down on April 30 - ?NCUA Chairman Leaves Legacy of Recoveries and Regulatory Relief - National Credit Union Administration Board Chairman Debbie Matz announced today her decision to step down at the end of April. www.ncua.gov/newsroom/Pages/news-2016-march-matz-to-step-down.aspx

March 9, 2016 - NCUA - Gonzales Appointed to FFIEC State Liaison Committee - The Federal Financial Institutions Examination Council announced today the appointment of Tennessee Commissioner Greg Gonzales to the Council's State Liaison Committee. Gonzales’s SLC nomination was confirmed by the Conference of State Bank Supervisors on Feb. 26, 2016, to complete a partial term vacancy created by the resignation of Lauren Kingry. Gonzales’s term will continue through March 31, 2017. www.ncua.gov/newsroom/Pages/news-2016-march-gonzales-appointed-ffiec.aspx

March 9, 2016 - NCUA - Metsger Commends Matz’s “Steady Hand” and Strong Leadership - In response to the announcement that National Credit Union Administration Board Chairman Debbie Matz would depart the agency at the end of April, Vice Chairman Rick Metsger made the following statement: www.ncua.gov/newsroom/Pages/news-2016-march-metsger-commends-matz.aspx

March 9, 2016 - Gonzales Appointed to FFIEC State Liaison Committee - The Federal Financial Institutions Examination Council announced today the appointment of Tennessee Commissioner Greg Gonzales to the Council's State Liaison Committee. Gonzales’s SLC nomination was confirmed by the Conference of State Bank Supervisors on Feb. 26, 2016, to complete a partial term vacancy created by the resignation of Lauren Kingry. Gonzales’s term will continue through March 31, 2017. www.ffiec.gov/press/pr030916.htm

March 8, 2016 - FDIC Highlights New Resources for Bank Customers on Precautions When Using Computers and the Internet - Cybersecurity publications announced as part of National Consumer Protection Week - The Federal Deposit Insurance Corporation announced new resources today to educate bank customers about appropriate steps they can take to help avoid fraud and other cyber threats when banking online or on their mobile devices. The information is being issued in advance of National Consumer Protection Week, March 6-12. www.fdic.gov/news/news/press/2016/pr16019.html

March 8, 2016 - FDIC Publishes a Bank Customer's Guide to Cybersecurity - Special edition of consumer newsletter feature tips for preventing online fraud and theft - Consumers increasingly rely on computers and the Internet for everything from shopping and communicating to banking and bill paying.  www.fdic.gov/news/news/press/2016/pr16018.html

March 8, 2016 - Federal Reserve Board issues enforcement action with Hazard Bancorp and Peoples Bank and Trust Company, and termination of enforcement actions with American Bank of Baxter Springs and CB Financial Corporation www.federalreserve.gov/newsevents/press/enforcement/20160308a.htm

March 7, 2016 - NCUA Supervisory Committee Video Series Available in Spanish - The National Credit Union Administration’s video series on Supervisory Committees is now available in Spanish. Available online here, the six-module video series is designed specifically for supervisory committee members of small and medium credit unions. https://www.ncua.gov/newsroom/Pages/news-2016-march-video-series.aspx

March 7, 2016 - NCUA - Matz: MyCreditUnion.gov Helps Consumers “Stay a Step Ahead” of Fraudsters - Tap into NCUA’s Online Resources during National Consumer Protection Week - National Credit Union Administration Board Chairman Debbie Matz reminded credit unions during National Consumer Protection Week to share the agency’s online consumer resources to educate their members about protecting their identities and finances. https://www.ncua.gov/newsroom/Pages/news-2016-march-consumer-protection-week.aspx

March 7, 2016 - Comptroller Discusses Global Financial Regulation, Cybersecurity, and Money Laundering Risks - Comptroller of the Currency Thomas J. Curry today discussed global financial regulation during his remarks at the Institute of International Bankers’ Annual Conference. The Comptroller highlighted the importance of international cooperation as well as efforts in the United States to improve cybersecurity and fight against money laundering. www.occ.gov/news-issuances/speeches/2016/pub-speech-2016-25.pdf

March 7, 2016 - What’s Up with Wage Growth? - Mary C. Daly, Bart Hobijn, and Benjamin Pyle - While most labor market indicators point to an economy near full employment, a notable exception is the sluggish rise of wages.  www.frbsf.org/economic-research/publications/economic-letter/2016/march/slow-wage-growth-and-the-labor-market/

March 7, 2016 - Statistical Release - Consumer Credit - G.19 - In January, consumer credit increased at a seasonally adjusted annual rate of 3-1/2 percent. Revolving credit decreased at an annual rate of 1-1/4 percent, while nonrevolving credit increased at an annual rate of 5-1/2 percent.  www.federalreserve.gov/releases/g19/current/

March 7, 2016 - Vice Chairman Stanley Fischer - Reflections on Macroeconomics Then and Now - At the "Policy Challenges in an Interconnected World" 32nd Annual National Association for Business Economics Economic Policy Conference, Washington, D.C. www.federalreserve.gov/newsevents/speech/fischer20160307a.htm

March 7, 2016 - Governor Lael Brainard - An Update on the Outlook, Liquidity, and Resilience - At the Institute of International Bankers Annual Washington Conference, Washington, D.C. www.federalreserve.gov/newsevents/speech/brainard20160307a.htm

March 4, 2016 - Survey Shows Growth Continued at a Modest Pace in January and Early February - The Chicago Fed Survey of Business Conditions Activity Index edged down to –19 from –17, suggesting that growth in economic activity continued at a modest pace in January and early February. www.chicagofed.org/~/media/publications/cfsbc/2016/cfsbc-march2016-pdf.pdf?la=en

March 4, 2016 - Central Clearing: Risks and Customer Protections - Economic Perspectives article examines impact of regulatory reform on risks faced by market participants. - Ivana Ruffini - In the wake of the 2008 global financial crisis, the Group of Twenty developed a regulatory reform program for derivatives contracts. This article examines the impact of the market structure change and associated customer protection frameworks on risks faced by market participants. www.chicagofed.org/~/media/publications/economic-perspectives/2015/4q2015-part1-ruffini-pdf.pdf 

March 4, 2016 - NCUA - Education Associations Federal Credit Union Closes - The National Credit Union Administration today liquidated Education Associations Federal Credit Union of Washington, D.C. www.ncua.gov/newsroom/Pages/news-2016-march-education-associations-closes.aspx

March 4, 2016 - St. Louis Fed Survey: Lack of Soft Skills Training in St. Louis - A lack of soft skills training opportunities ranked as the biggest concern in the workforce development field in the St. Louis area, according to a new survey by the Federal Reserve Bank of St. Louis. www.stlouisfed.org/news-releases/2016/03/st-louis-fed-survey-lack-of-soft-skills-training-in-st-louis

March 4, 2016 - Capital Treatment for Qualifying Collateralized Debt Obligations Backed by Trust Preferred Securities under the "Volcker Rule" - The FDIC, the Office of the Comptroller of the Currency, the Board of Governors of the Federal Reserve System, the Securities and Exchange Commission and the Commodity Futures Trading Commission have issued a Frequently Asked Question document to clarify the capital treatment of certain Collateralized Debt Obligations backed by Trust Preferred Securities under section 13 of the Bank Holding Company Act, which implements section 619 of the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act), also known as the "Volcker Rule."  www.fdic.gov/news/news/financial/2016/fil16015.html

March 4, 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 (CRA). The list covers evaluation ratings that the FDIC assigned to institutions in December 2015. www.fdic.gov/news/news/press/2016/pr16016.html

March 4, 2016 - History of the Federal Reserve Board Statistical Releases - Gisela Rua and Sian L. Seldin - Soon after the creation of the Federal Reserve System in 1913, the Board of Governors started publishing extensive statistical data on the United States economy and its banking system.  www.federalreserve.gov/econresdata/notes/feds-notes/2016/history-of-the-federal-reserve-board-statistical-releases-20160304.html

March 4, 2016 - The Federal Reserve Board on Friday proposed a rule to address the risk associated with excessive credit exposures of large banking organizations to a single counterparty. As demonstrated during the financial crisis, large credit exposures, particularly between financial institutions, can spread financial distress and undermine financial stability. www.federalreserve.gov/newsevents/press/bcreg/20160304b.htm

March 4, 2016 - Chair Yellen's calendar, January 2016.  www.federalreserve.gov/foia/files/chair-yellen-calendar-012016.pdf

March 4, 2016 - Does the United States have a Productivity Slowdown or a Measurement Problem - David M. Byrne, John G. Fernald, and Marshall B. Reinsdorf - After 2004, measured growth in labor productivity and total-factor productivity slowed.  www.federalreserve.gov/econresdata/feds/2016/index.htm#1

March 4, 2016 - Supervision - Volcker Rule - Frequently Asked Questions update - Is a banking entity required to deduct from its tier 1 capital an investment in a collateralized debt obligation backed by trust preferred securities retained pursuant to section 248.16(a) of the interim final rule. www.federalreserve.gov/bankinforeg/volcker-rule/faq.htm#21

March 4, 2016 - Relying on the Work of the Regulators of the Subsidiary Insured Depository Institution(s) of Bank Holding Companies and Savings and Loan Holding Companies with Total Consolidated Assets of Less than $50 Billion.  www.federalreserve.gov/bankinforeg/srletters/sr1604.pdf

March 4, 2016 - Agencies clarify expectations for the use of property evaluations - The federal banking agencies today issued an advisory to clarify expectations for the use of property evaluations by banking institutions.
Press Release: www.federalreserve.gov/newsevents/press/bcreg/20160304a.htm
Press Release: www.fdic.gov/news/news/press/2016/pr16017.html
Press Release: www.occ.gov/news-issuances/news-releases/2016/nr-ia-2016-24.html
_________________________

March 3, 2016 - St. Louis Fed's Financial Stress Index Declines for Second Week in a Row - The St. Louis Fed Financial Stress Index has declined for the second consecutive week. For the week ending Feb. 26, the index measured -0.482, down from the previous week’s revised value of -0.372.  www.stlouisfed.org/news-releases/2016/03/03/st-louis-fed-financial-stress-index-declines-for-second-week-in-a-row

March 3, 2016 - Federal Reserve Banks Release Report on Credit Experiences of Small Businesses - The 2015 Small Business Credit Survey: Report on Employer Firms released today presents a largely optimistic picture for small firms in the United States.  www.stlouisfed.org/news-releases/2016/03/03/federal-reserve-banks-release-report-on-credit-experiences-of-small-businesses

March 3, 2016 - Funding Agreement-Backed Securities in the Financial Accounts of the United States - Elizabeth Holmquist and Maria Perozek - This note describes a new method of accounting for funding agreement-backed securities in the Financial Accounts of the United States. www.federalreserve.gov/econresdata/notes/feds-notes/2016/funding-agreement-backed-securities-in-the-financial-accounts-of-the-united-states-20160303.html

March 3, 2016 - Federal Reserve Board Statistical Releases: a Publications History - Sian L. Seldin - The Board of Governors of the Federal Reserve System has published extensive statistical information on the U.S. economy and banking industry since 1914.  www.federalreserve.gov/econresdata/feds/2016/index.htm#1

March 3, 2016 - Federal Reserve Board announces termination of enforcement actions with ColoEast Bankshares, Inc., Community First, Inc., and Valley Bancorp, Inc. www.federalreserve.gov/newsevents/press/enforcement/20160303a.htm

March 3, 2016 - NCUA’s Komyathy Honored as CFC Hero - JeanMarie Komyathy, Director of Risk Management in the National Credit Union Administration’s Office of Examination and Insurance, was honored today with the 2015 Hero of the Year Award from the Combined Federal Campaign of the National Capital Area. www.ncua.gov/newsroom/Pages/news-2016-march-komyathy-cfc-hero.aspx

March 3, 2016 - NCUA _ Credit Union Deposits Surpass $1 Trillion - ?NCUA Quarterly Data Indicate Less Exposure to Long-Term Investments - Total shares and deposits at federally insured credit unions grew past $1 trillion in the fourth quarter of 2015, the National Credit Union Administration reported today. www.ncua.gov/newsroom/Pages/news-2016-march-call-report-data.aspx

March 2, 2016 - Survey Shows Growth Continued at a Modest Pace in January and Early February - The Chicago Fed Survey of Business Conditions (CFSBC) Activity Index edged down to –19 from –17, suggesting that growth in economic activity continued at a modest pace in January and early February. www.chicagofed.org/~/media/publications/cfsbc/2016/cfsbc-march2016-pdf.pdf?la=en

March 2, 2016 - OCC Hosts Nebraska Workshop for Bank Directors - The Office of the Comptroller of the Currency will host a workshop in Omaha, Neb., at the Magnolia Hotel Omaha, April 4-6, for directors of national community banks and federal savings associations supervised by the OCC. www.occ.gov/news-issuances/news-releases/2016/nr-occ-2016-23.html

March 2, 2016 - St. Louis Fed Updates Economic Conditions on Its Seven-State District - The Federal Reserve Bank of St. Louis released today its portion of the Federal Reserve’s latest Beige Book, also published today.  www.stlouisfed.org/news-releases/2016/03/02/st-louis-fed-updates-economic-conditions-on-its-seven-state-district

March 2, 2016 - Financial Institution Letters - FDIC Announces Webinar for National Consumer Protection Week 2016:  Cybersecurity Resources for Financial Institution Customers - The FDIC's Division of Depositor and Consumer Protection and Division of Risk Management Supervision will host a free webinar on March 9, 2016, from 2:00 p.m. to 3:00 p.m., titled Cybersecurity Resources to Help Your Customers Protect Themselves.  www.fdic.gov/news/news/financial/2016/fil16013.pdf

March 2, 2016 - Discontinuation of Foreclosure Proceedings - The FDIC is clarifying supervisory expectations in existing guidance for institutions' risk-management practices for decisions to discontinue foreclosure proceedings after initiating such actions, which are commonly referred to as abandoned foreclosures.  www.fdic.gov/news/news/financial/2016/fil16014.pdf

March 2, 2016 - Beige Book - Informal review by the Federal Reserve Banks of current economic conditions in their Districts. www.federalreserve.gov/monetarypolicy/beigebook/default.htm

March 2, 2016 - Payment Systems - Check Services, Quarterly and Annual Data.  www.federalreserve.gov/paymentsystems/check_data.htm

March 2, 2016 - Understanding Declining Fluidity in the U.S. Labor Market - Raven S. Molloy, Christopher L. Smith, Riccardo Trezzi, and Abigail Wozniak - We document a clear downward trend in labor market fluidity that is common across a variety of measures of worker and job turnover. www.federalreserve.gov/econresdata/feds/2016/files/2016015pap.pdf

March 2, 2016 - Payment Systems - Automated Clearinghouse Transactions, Quarterly and Annual Data.  www.federalreserve.gov/paymentsystems/fedach_data.htm

March 2, 2016 - Cash Windfalls and Acquisitions - Bastian von Beschwitz - This article studies the effect of cash windfalls on the acquisition policy of companies. As identification I use a German tax reform that permitted firms to sell their equity stakes tax-free.  www.federalreserve.gov/econresdata/ifdp/2016/files/ifdp1159.pdf

March 2, 2016 - Annual Data on Investment and Capital Stocks - As part of the estimation of capacity for publication of its G.17 statistical release on industrial production and capacity utilization, the Federal Reserve Board produces annual information on the real capital stock and real investment for detailed industries within the manufacturing sector.  www.federalreserve.gov/econresdata/notes/feds-notes/2016/annual-data-on-investment-and-capital-stocks-20160302.html

March 1, 2016 - U.S. Senate Committee on Appropriations: Statement on Economic Conditions in the Farm Sector.  www.kansascityfed.org/~/media/files/publicat/speeches/2016/2016-kauffman-agappropriations-03-01.pdf

March 1, 2016 - Oklahoma Economic Update - By Chad Wilkerson - Structure and Functions of the Federal Reserve System.  www.kansascityfed.org/~/media/files/publicat/speeches/2016/2016-wilkerson-cbao-02-16.pdf

March 1, 2016 - NCUA - Stabilization Fund Earns Clean 2015 Audit - The Temporary Corporate Credit Union Stabilization Fund has received a seventh consecutive clean audit opinion, the National Credit Union Administration announced today. www.ncua.gov/newsroom/Pages/news-2016-march-clean-audit.aspx

March 1, 2016 - OCC Releases CRA Evaluations for 14 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 February 1, 2016 through February 29, 2016. www.occ.gov/news-issuances/news-releases/2016/nr-occ-2016-22.html

March 1, 2016 - St. Louis Fed: New Consumer Debt Report - The Center for Household Financial Stability at the Federal Reserve Bank of St. Louis has released a new report—The Quarterly Debt Monitor: Trends in Consumer Debts in St. Louis, Little Rock, Louisville, Memphis - and Beyond.  www.stlouisfed.org/news-releases/2016/03/01/st-louis-fed-new-consumer-debt-report

March 1, 2016 - Interagency Guidance on Funds Transfer Pricing Related to Funding and Contingent Liquidity Risks - Interagency Guidance on Funds Transfer Pricing Related to Funding and Contingent Liquidity Risks - he FDIC, with the Board of Governors of the Federal Reserve System and the Office of the Comptroller of the Currency, is issuing guidance to clarify supervisory expectations for an effective funds transfer pricing framework.
Press Release: www.fdic.gov/news/news/financial/2016/fil16012.html
Press Release: www.federalreserve.gov/bankinforeg/srletters/sr1603.pdf

March 1, 2016 - Statistical Release - Foreign Exchange Rates - G.5 - The table below shows the average rates of exchange in FEBRUARY 2016 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/

March 1, 2016 - Federal Reserve Board issues enforcement action with Industrial Bank of Korea, and announces termination of enforcement actions with CSRA Bank Corp., and FMB Equibanc, Inc. www.federalreserve.gov/newsevents/press/enforcement/20160301a.htm