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May 31, 2017 - Chicago Fed Survey of Business Conditions - Survey shows growth
slowed in April and early May - The Chicago Fed Survey of Business Conditions
Activity Index decreased to -9 from +14, suggesting that growth in economic
activity slowed to a modest pace in April and early May.
May 31, 2017 - NCUA Issues Prohibition Notices - The National Credit Union
Administration in May issued four 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.
May 31, 2017 - OCC Issues Third and Fourth Quarter 2017 CRA Evaluation Schedule
- The Office of the Comptroller of the Currency today released its schedule of
Community Reinvestment Act evaluations to be conducted in the third and fourth
quarters of 2017.
May 31, 2017 - OCC to Provide Extended Notice for Scheduled CRA Evaluations -
The Office of the Comptroller of the Currency today announced it will extend the
notification timeframe for upcoming Community Reinvestment Act evaluations.
May 31, 2017 - The Federal Financial Institutions Examination Council published
a Press Release announcing an update to the Cybersecurity Assessment Tool.
May 31, 2017 - FDIC Issues CRA Examination Schedule for Third and Fourth
Quarters of 2017 - The Federal Deposit Insurance Corporation has issued the list
of institutions scheduled for a Community Reinvestment Act (CRA) examination
during the third and fourth quarters of 2017.
May 31, 2017 - Beige Book - Informal review by the Federal Reserve Banks of
current economic conditions in their Districts - This report was prepared at the
Federal Reserve Bank of Philadelphia based on information collected on or before
May 22, 2017. This document summarizes comments received from contacts outside
the Federal Reserve System and is not a commentary on the views of Federal
May 31, 2017 - Financial institution regulatory agencies issue advisory on
appraiser availability - Responding to concerns over the limited availability of
state-certified and -licensed appraisers, particularly in rural areas, the Board
of Governors of the Federal Reserve System, the Federal Deposit Insurance
Corporation, the National Credit Union Administration, and the Office of the
Comptroller of the Currency today issued an advisory that highlights two options
to help insured depository institutions and bank holding companies facilitate
the timely consideration of loan applications.
May 31, 2017 - Federal Reserve Board announces final amendments to Regulation CC
and requests public comment on an additional proposed amendment - The Federal
Reserve Board on Wednesday announced final amendments to the check collection
and return provisions in Regulation CC and also requested further public comment
on an additional proposed amendment to Regulation CC's liability provisions.
May 30, 2017 - Can the CFSBC Activity Index Nowcast U.S. Real GDP Growth? By
Thomas Walstrum - This article examines how well the Chicago Fed Survey of
Business Conditions Activity Index does at predicting U.S. real gross domestic
product growth for the current quarter.
May 30, 2017 - Statistical Release - Finance Companies - G.20.
May 30, 2017 - Speech by Governor Brainard on navigating the different signals
from inflation and unemployment Governor Lael Brainard - At the New York
Association for Business Economics, New York, New York.
May 30, 2017 - Federal Reserve Board announces $41 million penalty and consent
cease and desist order against Deutsche Bank AG -= The Federal Reserve Board on
Tuesday announced a $41 million penalty and consent cease and desist order
against the U.S. operations of Deutsche Bank AG for anti-money laundering
May 30, 2017 - Minutes of the Board's discount rate meetings from March 27
through May 3, 2017.
May 26, 2017 - FDIC Makes Public April Enforcement Actions - No Administrative
Hearings Scheduled for June 2017 - The Federal Deposit Insurance Corporation
today released a list of orders of administrative enforcement actions taken
against banks and individuals in April.
May 26, 2017 - Credit and Liquidity Programs and the Balance Sheet - Recent
balance sheet trends, weekly chart update.
May 25, 2017 - St. Louis Fed's Bullard Discusses Current Growth, Inflation and
Price Level Developments in the U.S. - Federal Reserve Bank of St. Louis
President James Bullard addressed “Current Growth, Inflation and Price Level
Developments in the U.S.” during a lecture Friday at Keio University in Tokyo.
May 25, 2017 - Lessons Learned and Challenges Ahead - A speech delivered on May
25, 2017, before the Bank of Japan — Institute for Monetary and Economic Studies
in Tokyo, Japan.
May 25, 2017 - NCUA Issues Second Quarter Newsletter - Read the latest issue of
The NCUA Report - The National Credit Union Administration released today the
second quarter edition of its newsletter.
May 25, 2017 - NCUA - Board Proposes Rules on Mergers, Appeals = Stabilization
Fund Reports Continued Positive Net Position - The National Credit Union
Administration Board held its fourth open meeting of 2017 at the agency’s
headquarters here today and unanimously approved three items:
May 25, 2017 - Statement Before U.S. Senate Committee on Agriculture, Nutrition,
and Forestry By Nathan Kauffman Assistant Vice President, Economist, and Omaha
May 25, 2017 - FRB/US model packages update - The main FRB/US model package is a
self-contained set of equations, data, programs and documentation that enables
various types of simulations and provides information about the model's
May 25, 2017 - Legal Developments - Section 19 letters, February 21, 23 (2
letters), March 1, and 2, 2017.
May 25, 2017 - Federal Reserve Board issues enforcement action with SunTrust
May 25, 2017 - Federal Reserve Board announces termination of enforcement action
with North Georgia Community Financial Partners, Inc.
May 24, 2017 - FDIC-Insured Institutions Earn $44 Billion in First Quarter 2017
- Commercial banks and savings institutions insured by the Federal Deposit
Insurance Corporation reported aggregate net income of $44 billion in the first
quarter of 2017, up $5 billion (12.7 percent) from a year earlier.
May 24, 2017 - A Collateral Theory of Endogenous Debt Maturity - R. Matthew
Darst and Ehraz Refayet - Abstract: This paper studies optimal debt maturity
when firms cannot issue state contingent claims and must back promises with
May 24, 2017 - Safe Collateral, Arm's-Length Credit: Evidence from the
Commercial Real Estate Mortgage Market - Lamont Black, John Krainer, and Joseph
Nichols - Abstract: When collateral is safe, there are fewer opportunities for
lenders to suffer economic losses.
May 24, 2017 - Goods-Market Frictions and International Trade - Pawel M.
Krolikowski and Andrew H. McCallum - Abstract: We present a tractable framework
that embeds goods-market frictions in a general equilibrium dynamic model with
heterogeneous exporters and identical importers.
May 24, 2017 - Minutes of the Federal Open Market Committee, May 2-3, 2017 - The
Federal Reserve Board and the Federal Open Market Committee on Wednesday
released the attached minutes of the Committee meeting held on May 2-3, 2017.
May 23, 2017 - Changes in the Risk-Management Environment for Monetary Policy By
Jonas D. M. Fisher , François Gourio , Spencer Krane - In response to the
massive challenges presented by the global financial crisis, in late 2007 the
Federal Open Market Committee began a series of large reductions in its
traditional policy tool, the overnight interest rate in the federal funds
May 23, 2017 - Toward a More Resilient Financial System - A speech delivered
on May 23, 2017, before the Shanghai Symposium on OTC Derivatives in Shanghai,
May 23, 2017 - NCUA - 25 Credit Unions Agree to Late-Filing Penalties for Fourth
Quarter 2016 - Twenty-five federally insured credit unions subject to civil
monetary penalties for filing late Call Reports in the fourth quarter of 2016
have consented to penalties totaling $10,365, the National Credit Union
Administration announced today.
May 23, 2017 - Michael Sullivan Named Senior Deputy Comptroller for Economics -
Acting Comptroller of the Currency Keith A. Noreika today announced that Michael
Sullivan will become the agency’s Senior Deputy Comptroller for Economics on
June 11, 2017.
May 23, 2017 - The Role of Transfer Prices in Profit-Shifting by U.S.
Multinational Firms: Evidence from the 2004 Homeland Investment Act - Aaron
May 23, 2017 - Comparative Advantage in Innovation and Production - Mariano
Somale - This paper develops a multi-country, general equilibrium, semi
endogenous growth model of innovation and trade in which specialization in
innovation and production are jointly determined.
May 22, 2017 - U.S. and Oklahoma Economic Outlook By Chad Wilkerson - Conference
May 22, 2017 - Dialogue with the Fed to Address “Does College Level the Playing
Field?” - Is college the "great equalizer" that opens up economic opportunity
for lower-income, disadvantaged, and minority families?
May 22, 2017 - Payment Systems - Interchange Fee Standards: Small Issuer
Exemption - To facilitate compliance with the debit card interchange fee
standards in the Board's Regulation II, 12 CFR part 235 (which implements
section 920 of the Electronic Fund Transfer Act), the Board is publishing two
lists of institutions using data available to the Board.
May 22, 2017 - Speech by Governor Brainard on why opportunity and inclusion
matter to America’s economic strength Governor Lael Brainard.
May 22, 2017 - Minority-Owned Banks and Their Primary Local Market Areas By
Maude Toussaint-Comeau , Robin Newberger.
May 22, 2017 - Chicago Fed National Activity Index - Index points to increased
economic growth in April - Led by improvements in production-related indicators,
the Chicago Fed National Activity Index rose to +0.49 in April from +0.07 in
May 22, 2017 - NCUA: Be Sure Your Cyber Defenses are Ready - In the wake of the
“WannaCry” global ransomware attack, the National Credit Union Administration
reminds federally insured credit unions to verify they have effective controls
in place to prevent similar attacks.
May 19, 2017 - OCC Enforcement Actions and Terminations for May 2017 - 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
May 19, 2017 - Health Care is Community Reinvestment: Examples from the Mental
Health Field By Marva Williams , Desiree Hatcher - Places with thriving local
economies, decent schools, quality public amenities, lower crime rates, and high
civic engagement and employment levels tend to have healthier, longer-lived
populations, and less incidence of mental illness.
May 19, 2017 - Market Failure and Community Economic Development in the US By
James L. Greer , Oscar Gonzales - The community development movement in the
United States has stepped into markets where economic and social disadvantage
May 19, 2017 - Tracking Detroit’s Economic Recovery After Bankruptcy with a New
Index - By Scott A. Brave , Paul Traub - This article presents evidence that
Detroit’s economy is doing noticeably better than before the city filed for
bankruptcy in July 2013. In order to track the city’s economic recovery
following its bankruptcy, we use a new index that quantifies Detroit’s overall
economic performance from 1998 to the present.
May 19, 2017 - St. Louis Fed's Bullard Discusses Recent Developments in U.S.
Monetary Policy - Federal Reserve Bank of St. Louis President James Bullard
addressed “Recent Developments in U.S. Monetary Policy” during his presentation
at an event hosted Friday by the Association for Corporate Growth at Washington
University in St. Louis.
May 19, 2017 - Credit and Liquidity Programs and the Balance Sheet - Federal
Reserve Banks Combined Quarterly Financial Reports - The quarterly financial
reports present summary financial information on the combined financial position
and results of operations of the Reserve Banks.
May 19, 2017 - Federal Reserve imposes $1.2 million fine and permanent ban on
employment against former Barclays Bank PLC employee - The Federal Reserve Board
on Friday announced that it has imposed a $1.2 million fine and a permanent ban
on employment in the banking industry against Christopher Ashton, the former
Global Head of Foreign Exchange Spot Trading at Barclays Bank PLC, in connection
with the manipulation of FX pricing benchmarks.
May 19, 2017 - Federal Reserve Board issues Report on the Economic Well-Being of
U.S. Households - Americans' overall financial well-being in 2016 continued on a
modest upward path, although the improvement was less pronounced for those with
less education, according to the Federal Reserve Board's latest Report on the
Economic Well-Being of U.S.
May 18, 2017 - U.S. and Oklahoma Economic Outlook By Megan Williams Associate
Economist & Manger, Oklahoma City Branch Federal Reserve Bank of Kansas City.
May 18, 2017 - Deposit Insurance Coverage Seminars - Free Nationwide Seminars
for Bank Officers and Employees - The FDIC will conduct four identical live
seminars on FDIC deposit insurance coverage for bank employees and bank officers
between June 6, 2017, and December 4, 2017.
May 18, 2017 - Bank Fees, Aftermarkets, and Consumer Behavior - Robert M. Adams
- Fees for banking services have been a policy concern for over 20 years and the
subject of several government agencies studies, which focused on the magnitude,
incidence, or disclosure of such fees.
May 18, 2017 - Charge-Off and Delinquency Rates on Loans and Leases at
May 18, 2017 - Capital taxation with heterogeneous discounting and
collateralized borrowing - Nina Biljanovska and Alexandros P. Vardoulakis - We
study optimal long-run capital taxation in a closed economy with heterogeneity
in agents' time-discount factors where borrowing is allowed but restricted by a
May 18, 2017 - Federal Reserve announces results of offering of seven-day term
deposits on May 18 - On May 18, 2017, the Federal Reserve conducted a
floating-rate offering of term deposits through its Term Deposit Facility.
May 17, 2017 - Weathering the Storm: Oklahoma’s Economy and Housing Markets By
Chad Wilkerson Oklahoma City Branch Executive & Economist Federal Reserve Bank
of Kansas City - Oklahoma Coalition for Affordable Housing
May 17, 2017 - 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
May 17, 2017. Matter considered: Periodic Supervisory Update.
May 17, 2017 - Take it to the Limit: The Debt Ceiling and Treasury Yields -
David Cashin, Erin Syron Ferris, Beth Klee, and Cailey Stevens - Abstract: We
use the 2011 and 2013 U.S. debt limit impasses to examine the extent to which
investors react to a heightened possibility of financial contagion.
May 17, 2017 - NCUA - April 2017 NCUA Board Meeting Video Available - The video
recording of the April 20, 2017, open meeting of the National Credit Union
Administration Board is now available on the agency’s website. Archived
videos of past Board meetings may be viewed here, and each video remains on the
site for one year.
May 17, 2017 - NCUA Accepting Community Development Grant Applications Beginning
July 1 - Approximately $2 Million Available; NCUA Hosting June 14 Webinar with
Details - Low-income credit unions interested in applying for Community
Development Revolving Loan Fund grants can begin submitting applications on July
1, the National Credit Union Administration announced today.
May 16, 2017 - OCC Hosts Atlanta Workshop for Board Directors and Now for Bank
Management - The Office of the Comptroller of the Currency will host a workshop
in Atlanta at the Sheraton Atlanta Hotel, June 26-28, for directors, senior
management team members and other key executives of national community banks and
federal savings associations supervised by the OCC.
May 16, 2017 - Statistical Release - Industrial Production and Capacity
Utilization - G.17 - Industrial production advanced 1.0 percent in April for its
third consecutive monthly increase and its largest gain since February 2014.
Manufacturing output rose 1.0 percent as a result of widespread increases among
its major industries.
May 15, 2017 - AgLetter Reports Midwest Farmland Values Flat in the First
Quarter - In the first quarter of 2017, agricultural land values for the Seventh
Federal Reserve District were unchanged from a year ago—the first pause in the
current downturn since the third quarter of 2015.
May 15, 2017 - Lessons Learned Along the Way By Esther George President and
Chief Executive Officer Federal Reserve Bank of Kansas City.
May 15 2017 - Kiddynomics Program Teaches Economics to Thousands of Young
Learners in Arkansas - Economic education lessons created by the Federal Reserve
Bank of St. Louis have helped teach more than 2,500 northwest Arkansas pre-schoolers
in the past year about saving, spending and other personal finance topics.
May 15, 2017 - International Reserves, Credit Constraints, and Systemic Sudden
Stops - Samer F. Shousha - Why do emerging market economies simultaneously hold
very high levels of international reserves and foreign liabilities?
May 15, 2017 - Advance 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 May 17, 2017. Matter to be considered:
Periodic Supervisory Update.
May 15, 2017 - Are Central Cities Poor and Non-White? - Jenny Schuetz, Arturo
Gonzalez, Jeff Larrimore, Ellen A. Merry, and Barbara J. Robles - In the U.S.,
geography has long been viewed as a proxy for income and race. The terms central
city or "inner city" are often used as a short-hand for poor and minority
neighborhoods, particularly African-American, while suburban dwellers are
assumed to be affluent and white (Jargowsky 1997; Wilson 1987).
May 15, 2017 - Milton Friedman and Data Adjustment - Neil R. Ericsson, David F.
Hendry, and Stedman B. Hood - When empirically modelling the U.S. demand for
money, Milton Friedman more than doubled the observed initial stock of money to
account for a "changing degree of financial sophistication" in the United States
relative to the United Kingdom.
May 12, 2017 - Credit and Liquidity Programs and the Balance Sheet - Recent
balance sheet trends, weekly chart update.
May 11, 2017 - Federal Reserve Board announces termination of enforcement action
First Carolina Bancshares, M.H.C.
May 11, 2017 - Federal Reserve to offer seven-day term deposits on May 18 - The
Federal Reserve plans to continue its previously announced periodic testing of
the Term Deposit Facility with one operation in May.
May 10, 2017 - National Financial Conditions Indexes Edged Lower in April - The
Chicago Fed’s National Financial Conditions Index (NFCI) provides a
comprehensive weekly update on U.S. financial conditions in money markets, debt
and equity markets and the traditional and “shadow” banking systems.
May 9, 2017 - Acting Comptroller of the Currency Addresses the Agency’s Mutual
Savings Association Advisory Committee - Acting Comptroller of the Currency
Keith A. Noreika discussed the importance of mutual savings associations and
community banks to the federal banking system during remarks at today’s meeting
of the Office of the Comptroller of the Currency’s Mutual Savings Association
May 9, 2017 - Emerging Trends in the U.S. and Colorado Economies By Sam Chapman
Assistant Economist Federal Reserve Bank of Kansas City Denver Branch.
May 9, 2017 - Minority-Owned Banks and Their Primary Local Market Areas By Maude
Toussaint-Comeau , Robin Newberger - The disproportionate impact of the recent
financial crisis and housing market shocks on racial and ethnic minority
neighborhoods has prompted researchers to revisit economic issues that relate to
financial inclusion and the role of minority depository institutions and
community development financial institutions, whose missions often include the
promotion of financial services and credit in traditionally underserved
communities (Reuben, 2010; Phillips, 2010; Rugh and Massey, 2010; and Kashian,
McGregory, and McCrank, 2014).
May 9, 2017 - The Event-Study Activity Puzzle - By Jeffrey R. Campbell , Jonas
D. M. Fisher , Alejandro Justiniano , Leonardo Melosi - If news of higher future
interest rates reflects a shift in the stance of monetary policy, then we expect
it to lower projections for real gross domestic product growth and raise
projections for unemployment.
May 9, 2017 - Evaluating the Balance of Economic Risks and Monetary Policy By
Esther George President and Chief Executive Officer Federal Reserve Bank of
May 8, 2017 - U.S. and Oklahoma Economic Outlook By Chad Wilkerson Oklahoma City
Branch Executive & Economist Federal Reserve Bank of Kansas City.
May 8, 2017 - NCUA Launches Small Credit Union Learning Management Service - New
Service, Available 24/7, Tailors Training to Credit Union Needs - Credit union
boards, staff and volunteers can connect more easily to essential training
specific to their needs with a new portal provided by the National Credit Union
Administration’s Office of Small Credit Union Initiatives.
May 8, 2017 - St. Louis Fed's Bullard Discusses the Decline in the Natural Real
Rate of Interest - Federal Reserve Bank of St. Louis President James Bullard
discussed reasons for the downward trend in the natural real rate of interest
during a presentation Monday at the Federal Reserve Bank of Atlanta’s 22nd
Annual Financial Markets Conference.
May 8, 2017 - Senior Loan Officer Opinion Survey on Bank Lending Practices -
Survey of up to eighty large domestic banks and twenty-four U.S. branches and
agencies of foreign banks. The Federal Reserve generally conducts the survey
quarterly, timing it so that results are available for the January/February,
April/May, August, and October/November meetings of the Federal Open Market
May 5, 2017 - OCC Appoints Receiver for Guaranty Bank, Glendale, Wisconsin,
Which Also Conducts Business as BestBank - The Office of the Comptroller of the
Currency today appointed the Federal Deposit Insurance Corporation as receiver
for Guaranty Bank, Glendale, Wisconsin, a federal savings association. Guaranty
Bank had branch offices in Wisconsin, Minnesota, Illinois, Michigan and Georgia,
and conducted its business in Michigan and Georgia under the name BestBank.
May 5, 2017 - San Francisco Fed Forms Twelfth District Community Advisory
Council - The Federal Reserve Bank of San Francisco has launched the Twelfth
District Community Advisory Council, a group composed of leaders of nonprofit
and community organizations from throughout the Bank’s district.
May 5, 2017 - SF Fed’s Williams to Economists: Now is Ideal Time to Consider
Alternative Monetary Policy Frameworks - Today, John C. Williams, president and
CEO of the Federal Reserve Bank of San Francisco, told a gathering of economists
at the Shadow Open Market Committee that it is an ideal time for central banks
across the world to reexamine which monetary policy frameworks and strategies
are likely to be most effective in a post-recovery world where natural rates of
interest are at historical lows across the globe (and are likely to stay there
for the foreseeable future)
May 5, 2017 - St. Louis Fed Ranks High in Diversity and Inclusion - The Federal
Reserve Bank of St. Louis has been recognized for its diverse and inclusive
May 5, 2017 - St. Louis Fed Honors Local Teacher - Rodney Gerdes has been named
the first recipient of the Economic Educator Advisory Board Educator of the Year
Award from the Federal Reserve Bank of St. Louis.
May 5, 2017 - Measuring the Severity of Stress-Test Scenarios - Bora Durdu,
Rochelle Edge, and Daniel Schwindt - Unfavorable macroeconomic and financial
scenarios are a core element of bank stress tests, and the degree to which
variables deteriorate in a scenario--i.e., the scenario's severity--is a central
design feature of any stress test exercise.
May 5, 2017 - Internal Liquidity Management and Local Credit Provision -
Nicholas Coleman, Ricardo Correa, Leo Feler, and Jason Goldrosen - This paper
studies the patterns of internal liquidity management and their effect on bank
lending, using a novel branch-level dataset of Brazilian banks.
May 5, 2017 - GDP Trend-cycle Decompositions Using State-level Data - Manuel
Gonzalez-Astudillo - This paper develops a method for decomposing GDP into trend
and cycle exploiting the cross-sectional variation of state-level real GDP and
unemployment rate data.
May 5, 2017 - The Decline in Asset return Predictability and Macroeconomic
Volatility - Alex Hsu, Francisco Palomino, and Charles Qian - We document strong
U.S. stock and bond return predictability from several macroeconomic volatility
series before 1982, and a significant decline in this predictability during the
May 5, 2017 - Borrowers in Search of Feedback: Evidence from Consumer Credit
Markets - Inessa Liskovich and Maya Shaton Abstract: We study recent
technological innovation in credit markets and document their role in providing
information to households.
May 5, 2017 - Speech by Vice Chairman Fischer on committee decisions and
monetary policy rules.
May 5, 2017 - Speech by Chair Yellen on 125 years of women's participation in
the economy Chair Janet L. Yellen.
May 4, 2017 - OCC Appoints Six New Members to Mutual Savings Association
Advisory Committee - The MSAAC’s role includes assessing the condition of mutual
savings associations, regulatory changes or other steps the OCC may take to
ensure the health and vitality of mutual savings associations, and other issues
of concern to these institutions.
May 4, 2017 - Daylight Overdrafts and Fees - Quarterly data updates.
May 4, 2017 - Federal Reserve Board announces termination of enforcement actions
with Four Oaks Bank & Trust Company, TransPecos Financial Corp, and TransPecos
May 3, 2017 - Thomas J. Curry to Step Down May 5, Keith A. Noreika to Serve as
Acting Comptroller of the Currency - Comptroller of the Currency Thomas J. Curry
will step down on May 5, 2017, and Keith A. Noreika will serve as Acting
Comptroller of the Currency.
May 3, 2017 - NCUA Legal Recoveries Reach $5.1 Billion - NCUA Recovers $400
Million from Credit Suisse - Legal recoveries by the National Credit Union
Administration on behalf of five failed corporate credit unions that purchased
residential mortgage-backed securities have reached $5.1 billion, the agency
May 3, 2017 - NCUA Consulting Assistance Nominations Due May 31 - Qualified
credit unions interested in applying for consulting assistance from the National
Credit Union Administration have until May 31 to submit nominations, the agency
May 3, 2017 - 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.
May 3, 2017 - Notice of a Meeting under Expedited Procedures - A closed meeting
of the Board of Governors of the Federal Reserve System was held at 1:00 PM on
May 2, 2017 and 9:00 AM on May 3, 2017. Matter considered: Discussion of
Monetary Policy Issues.
May 3, 2017 - Federal Reserve issues FOMC statement - Information received since
the Federal Open Market Committee met in March indicates that the labor market
has continued to strengthen even as growth in economic activity slowed.
May 2, 2017 - OCC Releases CRA Evaluations for 18 National Banks and Federal
Savings Associations - The Office of the Comptroller of the Currency today
released a list of Community Reinvestment Act (CRA) performance evaluations that
became public during the period of April 1, 2017 through April 30, 2017.
May 2, 2017 - OCC Announces New Deputy Comptrollers in Midsize and Community
Bank Supervision - The Office of the Comptroller of the Currency today announced
the selection of Scott Schainost to be Deputy Comptroller for Midsize Bank
Supervision and Troy Thornton to be Deputy Comptroller for the OCC’s Southern
May 1, 2017 - NCUA Recovers $445 Million in UBS Suit - Agency’s Litigation
Efforts Have Resulted in Nearly $4.8 Billion in Recoveries - The National Credit
Union Administration, on behalf of U.S. Central Federal Credit Union and Western
Corporate Federal Credit Union, has received $445 million from UBS for claims
arising from losses related to purchases of residential mortgage-backed
securities by those corporate credit unions.
May 1, 2017 - Stork Appointed to FFIEC State Liaison Committee - The Federal
Financial Institutions Examination Council today announced the appointment of
Judi Stork to the Council's State Liaison Committee. Stork’s SLC nomination was
confirmed by the Council for a two-year term starting May 1, 2017, and
continuing through April 30, 2019.
May 1, 2017 - Gonzales Elected as State Liaison Committee Chairman - The Federal
Financial Institutions Examination Council’s State Liaison Committee today
announced the election of Greg Gonzales as its Chairman.
May 1, 2017 - FDIC Releases Final Handbook for De Novo Organizers Applying for
Deposit Insurance - The Federal Deposit Insurance Corporation today released a
final handbook to assist parties interested in establishing new banks. As part
of the FDIC's ongoing commitment to work with organizers, the handbook –
Applying for Deposit Insurance – A Handbook for Organizers of De Novo
May 1, 2017 - Bank Holding Companies/Savings and Loan Holding Companies/Change
in Control - 2017 Letters.
May 1, 2017 - Foreign Exchange Rates - G.5 - Make Full Screen - The table below
shows the average rates of exchange in APRIL 2017 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.