The E-mail Banking News
(Bank Regulatory News)
November 2014

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

November 26, 2014 - Regulation of OTC Derivatives - Economic Perspectives article discusses policy issues raised by the G-20 market structure mandates - Derivatives have long been important tools for managing risk. In particular, as Culp (2004) explains, “derivatives can be used as a means of engaging in risk transfer, or the shifting of risk to another firm from the firm whose business creates a natural exposure to that risk”. www.chicagofed.org/digital_assets/publications/economic_perspectives/2014/3Q2014_part2_ruffini_steigerwald.pdf

November 26, 2014 - NCUA Issues Prohibition Orders - The National Credit Union Administration has issued five orders in November prohibiting the following individuals from participating in the affairs of any federally insured financial institution: www.ncua.gov/News/Pages/NW20141126Orders.aspx

November 26, 2014 - Financial Market Stress Rises for First Time in Five Weeks - According to the St. Louis Fed Financial Stress Index (STLFSI), financial market stress in the latest reporting week rose for the first time in five weeks.  www.stlouisfed.org/newsroom/displayNews.cfm?article=2378

November 26, 2014 - Habit, Production, and the Cross-Section of Stock Returns - Andrew Y. Chen - Solutions to the equity premium puzzle should inform us about the cross-section of stock returns.  www.federalreserve.gov/econresdata/feds/2014/files/2014103pap.pdf

November 26, 2014 - The Demand for Short-Term, Safe Assets and Financial Stability: Some Evidence and Implications for Central Bank Policies - Mark Carlson, Burcu Duygan-Bump, Fabio Natalucci, William R. Nelson, Marcelo Ochoa, Jeremy Stein, and Skander Van den Heuvel - A number of researchers have recently argued that the growth of the shadow banking system in the years preceding the recent U.S. financial crisis was driven by rising demand for "money-like" claims--short-term, safe instruments --from institutional investors and nonfinancial firms. www.federalreserve.gov/econresdata/feds/2014/files/2014102pap.pdf

November 26, 2014 - On December 1, 2014, the Federal Reserve will conduct a fixed-rate offering of term deposits through its Term Deposit Facility that will incorporate an early withdrawal feature. This feature will allow depository institutions to obtain a return of funds prior to the maturity date subject to an early withdrawal penalty. www.federalreserve.gov/newsevents/press/monetary/20141126a.htm

November 25, 2014 - NCUA Updates Corporate Resolution Cost and Guaranteed Notes Webpages - NCUA Updates Corporate Resolution Cost and Guaranteed Notes Webpages - The National Credit Union Administration has updated information about the costs of the Corporate Resolution Program and the performance of the NCUA Guaranteed Notes Program. www.ncua.gov/News/Pages/NW20141125NGNUpdates.aspx

November 25, 2014 - FDIC Announces Upcoming Community Affairs Webinar: - HelpiThe FDIC's Division of Depositor and Consumer Protection Community Affairs Branch will host a webinar titled Helping Your Customers Save: America Saves Week 2015 on December 12, 2014, from 3:00 p.m. to 4:00 p.m.. This webinar will help banks prepare for America Saves Week 2015. www.fdic.gov/news/news/financial/2014/fil14058.html

November 25, 2014 - Banker Teleconference Series - Timely and Comprehensive Information and Insights from the FDIC - Periodically, staff from the FDIC's Division of Depositor and Consumer Protection offers a series of events for bankers, including teleconferences and webinars, to maintain open lines of communication and update bank management and staff on important banking regulatory and emerging issues in the compliance and consumer protection area.   www.fdic.gov/news/news/financial/2014/fil14059.html

November 25, 2014 - FDIC- Insured Institutions Earned $38.7 Billion in the Third Quarter of 2014 - Revenue Increase Is Largest Since 2009 - Commercial banks and savings institutions insured by the Federal Deposit Insurance Corporation (FDIC) reported aggregate net income of $38.7 billion in the third quarter of 2014, up $2.6 billion (7.3 percent) from earnings of $36.1 billion the industry reported a year earlier. www.fdic.gov/news/news/press/2014/pr14101.html

November 25, 2014 - Supervision Manuals - Consumer Compliance Handbook - These manuals are intended to provide guidance to supervisory personnel in planning and conducting inspections and are to be used in conjunction with other supervisory guidance and manuals.   www.federalreserve.gov/boarddocs/supmanual/default.htm

November 25, 2014 - Tax Policy Endogeneity: Evidence from R&D Tax Credits - Andrew C. Chang - Because policymakers may consider the state of the economy when setting taxes, endogeneity bias can arise in regression models that estimate relationships between economic variables and taxes.  www.federalreserve.gov/econresdata/feds/2014/files/2014101pap.pdf

November 25, 2014 - 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

November 25, 2014 - Agencies jointly provide feedback on Wells Fargo's second resolution plan and move resolution plan submission date for three companies - The Board of Governors of the Federal Reserve System and the Board of Directors of the Federal Deposit Insurance Corporation on Tuesday announced that they had completed their review of Wells Fargo & Co.'s 2014 resolution plan and issued a joint letter to the firm.
Press release: www.federalreserve.gov/newsevents/press/bcreg/20141125a.htm
Press Release: https://www.fdic.gov/news/news/press/2014/pr14102.html

November 25, 2014 - Federal Reserve Board announces proposed enhanced prudential standards for regulation and supervision of General Electric Capital Corporation - The Federal Reserve Board on Tuesday invited public comment on enhanced prudential standards for the regulation and supervision of General Electric Capital Corporation, a nonbank financial company that the Financial Stability Oversight Council has designated for supervision by the Board. www.federalreserve.gov/newsevents/press/bcreg/20141125b.htm

November 25, 2014 - The Federal Reserve Board on Tuesday released the minutes of its discount rate meetings from October 6 and October 27, 2014.   www.federalreserve.gov/newsevents/press/monetary/monetary20141125a1.pdf

November 25, 2014 - Federal Reserve Board announces termination of enforcement action with Pacific Mercantile Bancorp.   www.federalreserve.gov/newsevents/press/enforcement/20141125a.htm

November 24, 2014 - Economic Growth Moderated in October- The Chicago Fed National Activity Index was +0.14 in October, down from +0.29 in September. - Led by declines in production-related indicators, the Chicago Fed National Activity Index moved down to +0.14 in October from +0.29 in September.   www.chicagofed.org/digital_assets/publications/cfnai/2014/cfnai_november2014.pdf

November 24, 2014 - Assessments - Final Rule - On November 18, 2014, the FDIC Board of Directors adopted the Assessments Final Rule. The Final Rule revises the FDIC's risk-based deposit insurance assessment system to reflect changes in the regulatory capital rules that go into effect in 2015 and 2018.   https://www.fdic.gov/news/news/financial/2014/fil14057.pdf

November 24, 2014 - Governor Daniel K. Tarullo - Physical Commodities - Before the Permanent Subcommitee on Investigations, U.S. Senate, Washington, D.C. www.federalreserve.gov/newsevents/testimony/tarullo20141121a.htm

November 24, 2014 - Federal Reserve Board releases first Semiannual Report on Banking Applications Activity - The Federal Reserve Board on Monday released its first Semiannual Report on Banking Applications Activity, which provides aggregate information on proposals filed by banking organizations and reviewed by the Federal Reserve. www.federalreserve.gov/newsevents/press/other/20141124a.htm

November 21, 2014 - NCUA - Matz: NCUA to Propose Revised Risk-Based Capital Rule in January - 90-Day Public Comment Period Anticipated on Proposed Rule - National Credit Union Administration Board Chairman Debbie Matz today announced that she intends to request that the NCUA Board consider a revised proposed risk-based capital rule at the open NCUA Board meeting scheduled for Jan. 15, 2015.   www.ncua.gov/News/Pages/NW20141121RBCRule.aspx

November 21, 2014 - OCC Enforcement Actions - The Office of the Comptroller of the Currency today released new enforcement actions taken against national banks, federal savings associations, and individuals currently and formerly affiliated with national banks and federal savings associations. www.occ.gov/news-issuances/news-releases/2014/nr-occ-2014-161.html

November 21, 2014 - Comptroller Discusses the Supervision and Culture of National Banks and Thrifts - Comptroller of the Currency Thomas J. Curry today discussed how supervision and culture can contribute to the safety and soundness of national banks and federal saving associations.   www.occ.gov/news-issuances/speeches/2014/pub-speech-2014-160.pdf

November 21, 2014 - St. Louis Fed Makes It Easier To Find Data - The Federal Reserve Bank of St. Louis has enhanced Federal Reserve Economic Data, its data aggregation tool, with a feature that will allow users to more easily find the available components of certain data releases. www.stlouisfed.org/newsroom/displayNews.cfm?article=2377

November 21, 2014 - Reports to the Congress - Report Pursuant to Section 129 of the Emergency Economic Stabilization Act of 2008.  
www.federalreserve.gov/monetarypolicy/files/129periodicupdate20141121.pdf

November 21, 2014 - Credit and Liquidity Programs and the Balance Sheet - 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 

November 21, 2014 - Optimal-Control Monetary Policy in the FRB/US Model - Flint Brayton, Thomas Laubach, and David Reifschneider - The question of how best to conduct monetary policy has been studied by economists for a long time.  www.federalreserve.gov/econresdata/notes/feds-notes/2014/optimal-control-monetary-policy-in-frbus-20141121.html

November 21, 2014 - November 2014 update of the FRB/US model - Jean-Philippe Laforte and John Roberts - This FEDS Note is a companion to the most recent release of the FRB/US model of the U.S. economy on the Board's website. www.federalreserve.gov/econresdata/notes/feds-notes/2014/november-2014-update-of-the-frbus-model-20141121.html

November 21, 2014 - Credit and Liquidity Programs and the Balance Sheet - Quarterly Report on Federal Reserve Balance Sheet Developments, November 2014.  www.federalreserve.gov/files/quarterly_balance_sheet_developments_report_201411.pdf

November 21, 2014 - Federal Reserve System Financial Reports - Federal Reserve Banks Combined Quarterly Financial Reports (Unaudited), September 30, 2014.  www.federalreserve.gov/monetarypolicy/files/quarterly-report-20140930.pdf

November 21, 2014 - Jumps in Bond Yields at Known Times - Don H. Kim and Jonathan H. Wright - We construct a no-arbitrage term structure model with jumps in the entire state vector at deterministic times but of random magnitudes. Jump risk premia are allowed for.  www.federalreserve.gov/econresdata/feds/2014/files/2014100pap.pdf

November 21, 2014 - Limited Deposit Insurance Coverage and Bank Competition - Oz Shy, Rune Stenbacka, and Vladimir Yankov - Deposit insurance designs in many countries place a limit on the coverage of deposits in each bank. However, no limits are placed on the number of accounts held with different banks. www.federalreserve.gov/econresdata/feds/2014/files/201499pap.pdf

November 21, 2014 - Homeowner Balance Sheets and Monetary Policy - Aditya Aladangady - This paper empirically identifies an important channel through which monetary policy affects consumer spending: homeowner balance sheets.  www.federalreserve.gov/econresdata/feds/2014/files/201498pap.pdf

November 21, 2014 - Identifying the Stance of Monetary Policy at the Zero Lower Bound: A Markov-switching Estimation Exploiting Monetary-Fiscal Policy Interdependence - Manuel Gonzalez-Astudillo - In this paper, I propose an econometric technique to estimate a Markov-switching Taylor rule subject to the zero lower bound of interest rates. I show that incorporating a Tobit-like specification allows to obtain consistent estimators. www.federalreserve.gov/econresdata/feds/2014/files/201497pap.pdf

November 21, 2014 - It Pays to Set the Menu: Mutual Fund Investment Options in 401(k) plans - Veronika K. Pool, Clemens Sialm, and Irina Stefanescu - This paper investigates whether mutual fund families acting as service providers in 401(k) plans display favoritism toward their own funds.   www.federalreserve.gov/econresdata/feds/2014/files/201496pap.pdf

November 21, 2014 - Dealer Networks - Dan Li and Norman Schurhoff - Dealers in over-the-counter securities form networks to mitigate search frictions. The audit trail for municipal bonds shows the dealer network has a core-periphery structure.  www.federalreserve.gov/econresdata/feds/2014/files/201495pap.pdf

November 21, 2014 - Governor Daniel K. Tarullo - Physical Commodities - Before the Permanent Subcommitee on Investigations, U.S. Senate, Washington, D.C. www.federalreserve.gov/newsevents/default.htm
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November 20, 2014 - Financial Market Stress Declines for Fourth Consecutive Week - Financial market stress fell modestly in the latest reporting week, according to the St. Louis Fed Financial Stress Index. For the week ending Nov. 14, 2014, the STLFSI measured -1.144, down from the previous week’s revised value of -1.142.  www.stlouisfed.org/newsroom/displayNews.cfm?article=2374

November 20, 2014 - Guidance Related to the FDIC Statement of Policy on Applications for Deposit Insurance - The FDIC is issuing guidance in the form of "Questions and Answers" or "Q&As" to aid applicants in developing proposals for deposit insurance and to provide transparency to the application process. www.fdic.gov/news/news/financial/2014/fil14056.pdf

November 20, 2014 - Advanced Notice of a Meeting under Expedited Procedures - Will be held on November 24, 2014. 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/20141124advexp.htm

November 20, 2014 - Governor Daniel K. Tarullo - Liquidity Regulation -At the Clearing House 2014 Annual Conference, New York, New York.   www.federalreserve.gov/newsevents/speech/tarullo20141120a%20.htm

November 20, 2014 - Federal Reserve Board announces two separate reviews are underway regarding examinations of large banking organizations - The Federal Reserve Board on Thursday announced two separate reviews that are underway at the Federal Reserve System to ensure that the examinations of large banking organizations are consistent, sound, and supported by all relevant information. www.federalreserve.gov/newsevents/press/bcreg/20141120a.htm

November 20, 2014 - November 2014 Board Meeting: Slowest NCUA Budget Growth Since 2008 - Board Action Bulletin - For 2015 No Corporate Stabilization Fund Assessment Anticipated, Low Share Insurance Fund Premium Range Set - The National Credit Union Administration Board convened its tenth scheduled open meeting of 2014 at the agency’s headquarters here today.  www.ncua.gov/about/Pages/Board%20Actions/BAB20141120.aspx

November 19, 2014 - NCUA - November NCUA Report Now Available - The National Credit Union Administration announced today that the November 2014 issue of The NCUA Report is now available online. www.ncua.gov/News/Pages/NW20141119Newsletter.aspx

November 19, 2014 - Filing and Documentation Procedures for State Banks Engaging, Directly or Indirectly, in Activities or Investments that are Permissible for National Banks - A State bank engaging in activities or investments permissible for a national bank should establish and maintain files documenting that those Activities are permissible for a national bank.  www.fdic.gov/news/news/financial/2014/fil14054.html

November 19, 2014 - Credit Risk Retention: Final Rule - The Federal Deposit Insurance Corporation, the Board of Governors of the Federal Reserve System, the Office of the Comptroller of the Currency, the U.S. Securities and Exchange Commission, the Department of Housing and Urban Development, and the Federal Housing Finance Agency issued a final rule that implements the securitization risk retention requirements in the Dodd-Frank Wall Street Reform and Consumer Protection Act. www.fdic.gov/news/news/financial/2014/fil14055.html

November 19, 2014 - FDIC Releases Technical Assistance Video on CFPB Mortgage Rules - The Federal Deposit Insurance Corporation today announced the release of the first in a series of three new technical assistance videos developed to assist bank employees in meeting regulatory requirements. www.fdic.gov/news/news/press/2014/pr14100.html

November 19, 2014 - FDIC Announces Advisory Committee on Community Banking Meeting - The Federal Deposit Insurance Corporation today announced that it will hold a meeting of the Advisory Committee on Community Banking on Thursday, November 20. Staff will provide an update on the FDIC's community bank initiatives with new research on branch banking in the United States presented by the Division of Insurance and Research. www.fdic.gov/news/news/press/2014/pr14099.html

November 19, 2014 - Gains from Offshoring? Evidence from U.S. Microdata - Ryan Monarch, Jooyoun Park, Jagadeesh Sivadasan - We construct a new linked data set with over one thousand offshoring events by matching Trade Adjustment Assistance program petition data to confidential data on U.S. firm operations. www.federalreserve.gov/econresdata/ifdp/2014/files/ifdp1124.pdf

November 19, 2014 - The Importance of Updating: Evidence from a Brazilian Nowcasting Model - Daniela Bragoli, Luca Metelli, and Michele Modugno - How often should we update predictions for economic activity? Gross domestic product is a quarterly variable disseminated usually a couple of months after the end of the quarter, but many other macroeconomic indicators are released with a higher frequency, and financial markets react very strongly to them.  www.federalreserve.gov/econresdata/feds/2014/files/201494pap.pdf

November 19, 2014 - Minutes of the Federal Open Market Committee, October 28-29, 2014 - The Federal Reserve Board and the Federal Open Market Committee on Wednesday released the attached minutes of the Committee meeting held on October 28-29, 2014. www.federalreserve.gov/newsevents/press/monetary/20141119a.htm

November 19, 2014 - Federal Reserve Board announces appointment of the chairs and deputy chairs of the Federal Reserve Banks for 2015 - The Federal Reserve Board on Wednesday announced the designation of the chairs and deputy chairs of the 12 Federal Reserve Banks for 2015. www.federalreserve.gov/newsevents/press/other/20141119a.htm

November 18, 2014 - Late Filers Decline to 47 in Third Quarter - NCUA Conducting Reviews to Determine Potential Civil Money Penalties - While full compliance with Call Report filing deadlines has not yet been reached, the number of federally insured credit unions filing late in the third quarter declined to 47, the National Credit Union Administration reported today. www.ncua.gov/News/Pages/NW20141118LateFilers.aspx

November 18, 2014 - Charge-Off and Delinquency Rates on Loans and Leases at Commercial Banks.  www.federalreserve.gov/Releases/ChargeOff/

November 18, 2014 - Federal Reserve Board report highlights findings of 2013 Survey of Young Workers - The Federal Reserve Board on Tuesday published a new report, based on its 2013 Survey of Young Workers, that provides insight into numerous labor market topics, including the educational attainment, work experience, and expectations of adults aged 18 to 30. www.federalreserve.gov/newsevents/press/other/20141118a.htm

November 18, 2014 - Agencies Propose Technical Corrections and Clarifications to the Capital Rules Applicable to Advanced Approaches Banking Organizations - The Federal Reserve Board, the Federal Deposit Insurance Corporation, and the Office of the Comptroller of the Currency today proposed clarifications to the revised regulatory capital rules adopted by the agencies in July 2013.
Press Release: www.federalreserve.gov/newsevents/press/bcreg/20141118a.htm
Press Release: www.fdic.gov/news/news/press/2014/pr14098.html
Press Release: www.occ.gov/news-issuances/news-releases/2014/nr-ia-2014-159.html

November 17, 2014 - Reserve Requirements - About Reserve Maintenance Manual - The Reserve Maintenance Manual provides information regarding reserve calculations and account maintenance for depository institutions that file the Federal Reserve 2900 form with the Federal Reserve, either weekly or quarterly.  www.federalreserve.gov/monetarypolicy/reservereq-reserve-maintenance-manual.htm

November 17, 2014 - Industrial Production and Capacity Utilization - G.17 - Industrial production edged down 0.1 percent in October after having advanced 0.8 percent in September. In October, manufacturing output increased 0.2 percent for the second consecutive month.  www.federalreserve.gov/releases/g17/Current/default.htm

November 17, 2014 - Thomas Sullivan, Senior Adviser, Division of Banking Supervision and Regulation - International Insurance Regulation
Before the Subcommittee on Housing and Insurance, Committee on Financial Services, U.S. House of Representatives, Washington, D.C. www.federalreserve.gov/newsevents/testimony/sullivan20141118a.htm

November 17, 2014 - Federal Reserve Board announces meeting with market participants on reference rate reform - Today, the Federal Reserve will host a meeting with major market and official sector participants to discuss the process for developing risk-free reference rate alternatives to the current London Interbank Offered Rate for use in future U.S. dollar derivative and certain other financial contracts. http://www.federalreserve.gov/newsevents/press/other/20141117a.htm

November 14, 2014 - Healthy Communities Milwaukee Regional Summit - Federal Reserve Bank of Chicago's community development and policy studies department will cohost a conference on December 2 that will explore converging visions of community and economic development, public health, and the public safety/criminal justice system. http://cdps.chicagofedblogs.org/?p=1602

November 14, 2014 - St. Louis Fed Ag Survey: Third Quarter Farm Income Drops, Farmland Values Rise - Amidst another bumper fall harvest and a drop in grain prices, Eighth District agricultural bankers reported a sharp decline in farm income expectations for the third quarter of 2014 compared with the previous year, according to the latest Agricultural Finance Monitor published by the Federal Reserve Bank of St. Louis. In contrast, lenders reported a rise in farmland and ranchland values. www.stlouisfed.org/newsroom/displayNews.cfm?article=2368

November 14, 2014 - St. Louis Fed's Bullard Discusses Whether Low Inflation Justifies a Zero Policy Rate - Federal Reserve Bank of St. Louis President James Bullard addressed “Does Low Inflation Justify a Zero Policy Rate?” at a financial forum hosted by the St. Louis Regional Chamber on Friday. www.stlouisfed.org/newsroom/displayNews.cfm?article=2369

November 14, 2014 - Community Depository Institutions Advisory Council - Records of the meeting held November 7, 2014 - The Community Depository Institutions Advisory Council was established in 2010 by the Board of Governors to provide input to the Board on the economy, lending conditions, and other issues of interest to community depository institutions. www.federalreserve.gov/aboutthefed/cdiac.htm

November 14, 2014 - Credit and Liquidity Programs and the Balance Sheet - Recent balance sheet trends, weekly chart data update - Since the beginning of the financial market turmoil in August 2007, the Federal Reserve's balance sheet has grown in size and has changed in composition.  www.federalreserve.gov/monetarypolicy/bst_recenttrends.htm

November 14, 2014 - Governor Jerome H. Powell - Monetary Policy Accommodation, Risk-Taking, and Spillovers -
At the Global Research Forum on International Macroeconomics and Finance, Washington, D.C. www.federalreserve.gov/newsevents/speech/powell20141114a.htm
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November 13, 2014 - Midwest Farmland Values Flat in Third Quarter - Latest AgLetter reports Seventh District farmland values in the third quarter of 2014 were largely the same as a year ago. - According to the most recent AgLetter, Seventh District farmland values in the third quarter of 2014 were largely the same as a year ago. www.chicagofed.org/digital_assets/publications/agletter/2010_2014/november_2014.pdf

November 13, 2014 - Financial Market Stress Falls for Third Consecutive Week - Financial market stress fell for the third consecutive week, according to the St. Louis Fed Financial Stress Index. For the week ending Nov. 7, 2014, the STLFSI measured -1.137, down modestly from the previous week’s revised value of -1.105. The index is at its lowest level since the week ending Sept. 26, 2014. www.stlouisfed.org/newsroom/displayNews.cfm?article=2366

November 13, 2014 - Interagency Guidance on Leveraged Lending: Frequently Asked Questions - The Federal Deposit Insurance Corporation, Board of Governors of the Federal Reserve System, and the Office of the Comptroller of the Currency are issuing responses to commonly asked questions about the Interagency Guidance on Leveraged Lending issued March 22, 2013.  www.fdic.gov/news/news/financial/2014/fil14053.html

November 13, 2014 - The Surprising Strength of U.S. Imports During the Recovery - Michele Cavallo - Import and exports of goods and services, after rebounding sharply in the immediate post-recession period, have more recently returned to a pace of growth more in line with their pre-recession averages.   www.federalreserve.gov/econresdata/notes/ifdp-notes/2014/the-surprising-strength-of-us-imports-during-the-recovery-20141113.html

November 13, 2014 - Frequently Asked Questions - Section 619 of the Dodd-Frank Wall Street Reform and Consumer Protection Act added a new section 13 to the Bank Holding Company Act of 1956, commonly referred to as the Volcker rule, that generally prohibits insured depository institutions and any company affiliated with an insured depository institution from engaging in proprietary trading and from acquiring or retaining ownership interests in, sponsoring, or having certain relationships with a hedge fund or private equity fund.  www.federalreserve.gov/bankinforeg/volcker-rule/faq.htm

November 13, 2014 - The Federal Reserve Board on Thursday announced its approval of the application under section 3 of the Bank Holding Company Act by First American Bank Corporation, Elk Grove Village, Illinois, to acquire Bank of Coral Gables, Coral Gables, Florida. www.federalreserve.gov/newsevents/press/orders/20141113a.htm

November 13, 2014 - Federal Reserve Board announces annual indexing of reserve requirement exemption amount and of low reserve tranche for 2015 - The Federal Reserve Board on Thursday announced the annual indexing of two amounts used in determining reserve requirements of depository institutions. These amounts are the reserve requirement exemption amount and the low reserve tranche. www.federalreserve.gov/newsevents/press/bcreg/20141113a.htm

November 13, 2014 - Federal Reserve Board issues enforcement action with PointBank and termination of enforcement actions with Fox River Valley Bancorp, Inc., and Monarch Community Bancorp, Inc. www.federalreserve.gov/newsevents/press/enforcement/20141113a.htm

November 13, 2014 - NCUA - Agenda for the 11/20/2014 NCUA Board Meeting Now Available. www.ncua.gov/about/BoardActions/Pages/BDMtg2014.aspx

November 12, 2014 - Reminder: OSCUI Consulting Applications Due on Nov. 30 - Expert Help Available to Credit Unions Facing Strategic Challenges - Credit unions interested in receiving consulting assistance from NCUA’s Office of Small Credit Union Initiatives have until Nov. 30 to complete their applications. www.ncua.gov/News/Pages/NW20141112Consulting.aspx

November 12, 2014 - Comptroller Discusses the Globalization of Bank Supervision - Comptroller of the Currency Thomas J. Curry today discussed enhancing risk management and bank supervision in an increasing interconnected global banking environment during remarks at 25th Special Seminar on International Finance, hosted by Nikken, The Japan Financial News Company.  www.occ.gov/news-issuances/speeches/2014/pub-speech-2014-158.pdf

November 12, 2014 - OCC Fines Three Banks $950 Million for FX Trading Improprieties - The Office of the Comptroller of the Currency today assessed $950 million in fines against three national banks for unsafe or unsound practices related to their foreign exchange trading businesses. www.occ.gov/news-issuances/news-releases/2014/nr-occ-2014-157.html

November 12, 2014 - The Replacement of Safe Assets: Evidence from the U.S. Bond Portfolio - The expansion in financial sector "safe" assets, largely in the form of structured products from the U.S. and the Caribbean, in the lead-up to the global financial crisis has by now been fairly well documented.  www.federalreserve.gov/econresdata/ifdp/2014/files/ifdp1123.pdf

November 12, 2014 - Potential Output and Recessions: Are We Fooling Ourselves? - Robert F. Martin, Teyanna Munyan, and Beth Anne Wilson 1 - The economic collapse in the wake of the global financial crises (GFC) and the weaker-than-expected recovery in many countries have led to questions about the impact of severe downturns on economic potential. www.federalreserve.gov/econresdata/notes/ifdp-notes/2014/potential-output-and-recessions-are-we-fooling-ourselves-20141112.html

November 10, 2014 - NCUA - October NCUA Board Meeting Video Now Available Online - The video recording of the October open meeting of the National Credit Union Administration Board is now available on the agency’s website. www.ncua.gov/News/Pages/NW20141110BoardVideo.aspx

November 10, 2014 - NCUA Sues Trustee of Mortgage-Backed Securities - The National Credit Union Administration has filed suit in federal court against Deutsche Bank National Trust Company, alleging the bank violated state and federal laws by failing to fulfill its duties as trustee for 121 residential mortgage-backed securities trusts. www.ncua.gov/News/Pages/NW20141107Lawsuit.aspx

November 10, 2014 - OCC Releases CRA Evaluations for 36 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 October 1, 2014 through October 31, 2014.  www.occ.gov/news-issuances/news-releases/2014/nr-occ-2014-156.html

November 10, 2014 - OCC Announces Deputy Comptrollers for its Northeastern and Central Districts - The Office of the Comptroller of the Currency today named Kris Kiefer its Deputy Comptroller for the Northeastern District and named Blake Paulson its Deputy Comptroller for the Central District. www.occ.gov/news-issuances/news-releases/2014/nr-occ-2014-155.html

November 10, 2014 - St. Louis Fed President James Bullard Will Speak at St. Louis Regional Chamber’s Financial Forum.   www.stlouisfed.org/newsroom/displayNews.cfm?article=2364

November 7, 2014 - OCC Appoints Receiver for Frontier Bank FSB, dba El Paseo Bank, Palm Desert, California - The Office of the Comptroller of the Currency today appointed the Federal Deposit Insurance Corporation as receiver for Frontier Bank FSB, dba El Paseo Bank, Palm Desert, California, a federal saving bank. As of September 30, 2014, the institution had approximately $81 million in total assets. www.occ.gov/news-issuances/news-releases/2014/nr-occ-2014-154.html

November 7, 2014 - Credit Risk in the Shared National Credit Portfolio is High; Leveraged Lending Remains a Concern - The credit quality of large loan commitments owned by U.S. banking organizations, foreign banking organizations, and nonbanks is generally unchanged in 2014 from the prior year, federal banking agencies said Friday. www.fdic.gov/news/news/press/2014/pr14096.html

November 7, 2014 - Bank of Southern California, N.A., San Diego, California, Assumes All of the Deposits of Frontier Bank, FSB, d/b/a El Paseo Bank, Palm Desert, California - Frontier Bank, FSB, Palm Desert, California was closed today by the Office of the Comptroller of the Currency, which appointed the Federal Deposit Insurance Corporation as receiver. To protect the depositors, the FDIC entered into a purchase and assumption agreement with Bank of Southern California, N.A., San Diego, California, to assume all of the deposits of Frontier Bank, FSB. www.fdic.gov/news/news/press/2014/pr14097.html

November 7, 2014 - Credit Risk in the Shared National Credit Portfolio is High; Leveraged Lending Remains a Concern - The credit quality of large loan commitments owned by U.S. banking organizations, foreign banking organizations, and nonbanks is generally unchanged in 2014 from the prior year, federal banking agencies said Friday.  www.occ.gov/news-issuances/news-releases/2014/nr-ia-2014-153.html

November 7, 2014 - Comptroller Discusses Cybersecurity at Community Banks - Comptroller of the Currency Thomas J. Curry today discussed efforts to enhance cybersecurity among community banks during his remarks at the 10th Annual Community Bankers Symposium, hosted by the Federal Reserve Bank of Chicago, the Federal Deposit Insurance Corporation, and the Office of the Comptroller of the Currency. www.occ.gov/news-issuances/speeches/2014/pub-speech-2014-152.pdf

November 7, 2014 - Credit Risk in the Shared National Credit Portfolio is High; Leveraged Lending Remains a Concern - The credit quality of large loan commitments owned by U.S. banking organizations, foreign banking organizations, and nonbanks is generally unchanged in 2014 from the prior year, federal banking agencies said Friday. www.fdic.gov/news/news/press/2014/pr14096.html

November 7, 2014 - Supervision Manuals - Commercial Bank Examination Manual - These manuals are intended to provide guidance to supervisory personnel in planning and conducting inspections and are to be used in conjunction with other supervisory guidance and manuals.  www.federalreserve.gov/boarddocs/supmanual/default.htm

November 7, 2014 - Pricing decisions in an experimental dynamic stochastic general equilibrium economy - Charles N. Noussair, Damjan Pfajfar, and Janos Zsiros - We construct experimental economies, populated with human subjects, with a structure based on a nonlinear version of the New Keynesian Dynamic Stochastic General Equilibrium (DSGE) model.  www.federalreserve.gov/econresdata/feds/2014/files/201493pap.pdf

November 7, 2014 - Financing Constraints and Unemployment: Evidence from the Great Recession - Burcu Duygan-Bump, Alexey Levkov, and Judit Montoriol-Garriga - Exploiting the differential financing needs across industrial sectors, this paper shows that financing constraints of small businesses in the United States are one of the drivers explaining the unemployment dynamics during the Great Recession.   www.federalreserve.gov/econresdata/feds/2014/files/201492pap.pdf

November 7, 2014 - The ins and outs of mortgage debt during the housing boom and bust - Neil Bhutta - From 1999 to 2013, U.S. mortgage debt doubled and then contracted sharply. Our understanding of the factors driving this volatility in the stock of debt is hampered by a lack of data on mortgage flows.  www.federalreserve.gov/econresdata/feds/2014/files/201491pap.pdf

November 7, 2014 - Inflation Experience and Inflation Expectations: Dispersion and Disagreement Within Demographic Groups - Benjamin K. Johannsen - Using consumption data from the Consumer Expenditure Survey, I document persistent differences across demographic groups in the dispersion of household-specific rates of inflation.  www.federalreserve.gov/econresdata/feds/2014/files/201489pap.pdf

November 7, 2014 - Incorporation of Federal Reserve Policies into the Savings and Loan Holding Company Supervision Program.   www.federalreserve.gov/bankinforeg/srletters/sr1409.htm

November 7, 2014 - Governor Daniel K. Tarullo - A Tiered Approach to Regulation and Supervision of Community Banks - At the Community Bankers Symposium, Chicago, Illinois.  www.federalreserve.gov/newsevents/speech/tarullo20141107a.htm

November 7, 2014 - Chair Janet L. Yellen - Remarks at the Panel Discussion on "Shaping the Future of the Macroeconomic Policy Mix" - At the "Central Banking: The Way Forward?", International Symposium of the Banque de France, Paris, France.   www.federalreserve.gov/newsevents/speech/yellen20141107a.htm

November 7, 2014 - Credit Risk in the Shared National Credit Portfolio is High; Leveraged Lending Remains a Concern - The credit quality of large loan commitments owned by U.S. banking organizations, foreign banking organizations, and nonbanks is generally unchanged in 2014 from the prior year, federal banking agencies said Friday.  www.federalreserve.gov/newsevents/press/bcreg/20141107a.htm
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November 6, 2014 - Financial Market Stress Declines for Second Consecutive Week - The St. Louis Fed Financial Stress Index (STLFSI) declined in the latest reporting week, marking the second consecutive decline after seven weeks of increases.  www.stlouisfed.org/newsroom/displayNews.cfm?article=2360

November 6, 2014 - Governor Jerome H. Powell - A Financial System Perspective on Central Clearing of Derivatives - At the "The New International Financial System: Analyzing the Cumulative Impact of Regulatory Reform", 17th Annual International Banking Conference, Chicago, Illinois.   www.federalreserve.gov/newsevents/speech/powell20141106a.htm

November 5, 2014 - Financial Conditions Steady in Week Ending October 31 - The NFCI held steady at –0.79 in the week ending October 31. The risk and leverage subindexes increased slightly from the previous week, while the credit and nonfinancial leverage subindexes were unchanged. www.chicagofed.org/webpages/publications/nfci/index.cfm

November 5, 2014 - Agencies Announce EGRPRA Outreach Meetings - The Office of the Comptroller of the Currency, Federal Deposit Insurance Corporation, and Board of Governors of the Federal Reserve System announced the first of a series of outreach meetings to review their regulations under the Economic Growth and Regulatory Paperwork Reduction Act of 1996.  www.federalreserve.gov/newsevents/press/bcreg/20141105b.htm

November 5, 2014 - Federal Reserve Board issues final rule to implement section 622 of the Dodd-Frank Act - The Federal Reserve Board on Wednesday issued a final rule to implement section 622 of the Dodd-Frank Wall Street Reform and Consumer Protection Act, which generally prohibits a financial company from combining with another company if the ratio of the resulting company's liabilities exceeds 10 percent of the aggregate consolidated liabilities of all financial companies. www.federalreserve.gov/newsevents/press/bcreg/20141105a.htm

November 5, 2014 - Diffusion of Containerization - Gisela Rua - Abstract: This paper uses a newly constructed, comprehensive dataset to investigate the diffusion of containerization. The data show that country adoption is exceptionally fast while firm usage increases more slowly.  www.federalreserve.gov/econresdata/feds/2014/files/201488pap.pdf

November 5, 2014 - Agencies Announce EGRPRA Outreach Meetings - The Office of the Comptroller of the Currency, Federal Deposit Insurance Corporation, and Board of Governors of the Federal Reserve System announced the first of a series of outreach meetings to review their regulations under the Economic Growth and Regulatory Paperwork Reduction Act of 1996. 
Press Release: www.fdic.gov/news/news/press/2014/pr14095.html
Press Release: www.occ.gov/news-issuances/news-releases/2014/nr-ia-2014-151.html

November 4, 2014 - Federal Reserve Board approves fee schedule for Federal Reserve Bank priced services - The Federal Reserve Board on Tuesday announced the approval of fee schedules, effective January 2, 2015, for payment services the Federal Reserve Banks provide to depository institutions. www.federalreserve.gov/newsevents/press/other/20141104a.htm

November 4, 2014 - 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/2014/pr14094.html

November 4, 2014 - NCUA’s New Online Tool Assists Credit Unions in Finding Service Providers - Credit unions looking for companies to help them better deliver products and services have a new tool provided by the National Credit Union Administration, the agency announced. www.ncua.gov/News/Pages/NW20141104OnlineTool.aspx

November 3, 2014 - FFIEC Releases Cybersecurity Assessment Observations, Recommends Participation in Financial Services Information Sharing and Analysis Center - The Federal Financial Institutions Examination Council (FFIEC), on behalf of its members, today released observations from the recent cybersecurity assessment and recommended regulated financial institutions participate in the Financial Services Information Sharing and Analysis Center www.ffiec.gov/press/pr110314.htm

November 3, 2014 - 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.   www.federalreserve.gov/boarddocs/snloansurvey/

November 3, 2014 - FDIC Announces the Appointment of Barry West as Chief Information Officer and Barbara Hagenbaugh as Deputy to the Chairman for Communications - The Federal Deposit Insurance Corporation today announced the appointment of Barry C. West as Chief Information Officer and Barbara Hagenbaugh as Deputy to the Chairman for Communications. www.fdic.gov/news/news/press/2014/pr14093.html

November 3, 2014 - St. Louis Fed Publication Explores Asymmetry of Gasoline and Oil Price Changes - The U.S. Energy Information Administration reported last year that American consumers spent, on average, just under 4 percent of their pretax income on gasoline in 2012 - nearly $3,000 per household. In the previous 30 years, this percentage was this high only once - in 2008. www.stlouisfed.org/newsroom/displayNews.cfm?article=2358

November 3, 2014 - Five New NCUA Videos to Fight Fraud - Credit unions have a new source of information on how to detect and deter employee dishonesty and fraud as a result of the five videos released by the National Credit Union Administration.  www.ncua.gov/News/Pages/NW20141103FraudVideos.aspx