The E-mail Banking News
(Bank Regulatory News)
January 2017

January 31, 2017 - Midwest Economy Index Shows Growth Increased in December - Index shows Midwest economic growth increased in December - The Midwest Economy Index increased to +0.06 in December from –0.02 in November. www.chicagofed.org/~/media/publications/mei/2016/mei-december2016-pdf.pdf

January 31, 2017 - NCUA Issues Prohibition Notice - The National Credit Union Administration in January issued a notice of prohibition to an individual who was convicted of a crime of dishonesty and, as a result, is prohibited from participating in the affairs of any federally insured financial institution. www.ncua.gov/newsroom/Pages/news-2017-jan-ncua-issues-prohibition-notice.aspx

January 31, 2017 - Legal Developments = Section 19 letters, July 15 (3 letters), August 2, 23, 31 (2 letters), September 6, 13, 19, and 20, 2016. www.federalreserve.gov/bankinforeg/legaldevelopments/ordersother2016.htm

January 31, 2017 - Statistical Release - Finance Companies - G.20.  www.federalreserve.gov/releases/g20/current/g20.htm

January 30, 2017 - Regulatory Relief: Guidance to Help Financial Institutions and to Facilitate Recovery in Areas of Georgia Affected by Severe Storms, Tornadoes, and Straight-line Winds - The FDIC has announced a series of steps intended to provide regulatory relief to financial institutions and to facilitate recovery in areas of Georgia affected by severe weather. www.fdic.gov/news/news/financial/2017/fil17007.html

January 30, 2017 - Report to the Congress - Government Performance and Results Act Annual Performance Plan 2017 - Although the Federal Reserve Board is not covered by the Government Performance and Results Act of 1993, the Board has chosen to voluntarily comply with the spirit of the act. www.federalreserve.gov/publications/gpra/default.htm

January 30, 2017 - Federal Reserve Board announces finalized stress testing rules removing noncomplex firms from qualitative aspect of CCAR effective for 2017 - The final rule removes large and noncomplex firms from the qualitative assessment of the Federal Reserve's Comprehensive Capital Analysis and Review, reducing significant burden on these firms and focusing the qualitative review in CCAR on the largest, most complex financial institutions. www.federalreserve.gov/newsevents/press/bcreg/20170130a.htm

January 27, 2017 - OCC Supports Earned Income Tax Credit Awareness Day - Comptroller of the Currency Thomas J. Curry issued the following statement recognizing Earned Income Tax Credit Awareness Day. www.occ.gov/news-issuances/news-releases/2017/nr-occ-2017-14.html

January 27, 2017 - NCUA: Earned Income Tax Credit a Benefit, but Refunds Could Take Longer - Qualified Taxpayers Can Receive up to $6,269 by Filing with the IRS - The National Credit Union Administration is joining the Internal Revenue Service and other federal agencies to remind qualified taxpayers about the potential benefits of applying for the Earned Income Tax Credit. www.ncua.gov/newsroom/Pages/news-2017-jan-earned-income-tax-credit-benefit-refunds-longer.aspx

January 27, 2017 - Regulatory Relief - Guidance to Help Financial Institutions and to Facilitate Recovery in Areas of Mississippi Affected by Severe Storms, Tornadoes, Straight-line Winds, and Flooding - The FDIC has announced a series of steps intended to provide regulatory relief to financial institutions and to facilitate recovery in areas of Mississippi affected by severe weather. www.fdic.gov/news/news/financial/2017/fil17006.pdf

January 27, 2017 - State Bank of Texas, Dallas, Assumes All of the Deposits of Seaway Bank and Trust Company, Chicago - Seaway Bank and Trust Company, Chicago, was closed today by the Illinois Department of Financial and Professional Regulation – Division of Banking, which appointed the Federal Deposit Insurance Corporation as receiver. www.fdic.gov/news/news/press/2017/pr17009.html

January 27, 2017 - FDIC Makes Public December Enforcement Actions - The Federal Deposit Insurance Corporation today released a list of orders of administrative enforcement actions taken against banks and individuals in December. There are no administrative hearings scheduled for February 2017. www.fdic.gov/news/news/press/2017/pr17008.html

January 27, 2017 - Federal Reserve Board issues enforcement action with BB&T Corporation - BB&T Corporation, Winston-Salem, North Carolina Consent Order to Cease and Desist dated January 25, 2017 www.federalreserve.gov/newsevents/press/enforcement/20170127a.htm

January 26, 2017 - General Counsel opinion letter to Lowell W. Harrison, Esq., opining that no regulatory purpose would be served by requiring a filing under section 3 of the Bank Holding Company Act, as amended, for AIM Bancshares, Inc., Levelland, Texas, to acquire High Plains Bancshares, Inc. and thereby indirectly acquire Muleshoe State Bank, both of Muleshoe, Texas. www.federalreserve.gov/bankinforeg/LegalInterpretations/bhc_changeincontrol20170126.pdf 
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January 26, 2017 - Chicago Fed National Activity Index Shows Economic Growth Increased in December - Led by improvements in production-related indicators, the Chicago Fed National Activity Index increased to +0.14 in December from –0.33 in November. www.chicagofed.org/~/media/publications/cfnai/2017/cfnai-january2017-pdf.pdf

January 26, 2017 - Membership Appointments Announced for the Federal Reserve Bank of San Francisco’s Community Depository Institutions Advisory Council - San Francisco, California — The Federal Reserve Bank of San Francisco announced the newest members of the Twelfth District’s Community Depository Institutions Advisory Council. www.frbsf.org/our-district/press/news-releases/2017/membership-appointments-announced-community-depository-institutions-advisory-council/

January 26, 2017 - Kathy L. Moe Named FDIC San Francisco Regional Director - The Federal Deposit Insurance Corporation appointed Kathy L. Moe as Regional Director for the San Francisco Region. The appointment was effective December 11. www.fdic.gov/news/news/press/2017/pr17007.html

January 26, 2017 - FOIA - 2016 FOMC FOIA Annual Report - The following information is submitted to the U.S. Department of Justice by the Federal Open Market Committee of the Federal Reserve System in accordance with the requirements of the Freedom of Information Act (5 U.S.C. § 552(e)), as amended. www.federalreserve.gov/foia/fomc/annrept_2016.htm 

January 26, 2017 - Federal Reserve issues progress report on efforts to improve the U.S. payment system - The Federal Reserve on Thursday released a progress report outlining accomplishments and anticipated steps moving forward related to the ongoing initiatives to enhance the speed, efficiency and security of the U.S. payment system. www.federalreserve.gov/newsevents/press/other/20170126a.htm

January 26, 2017 - Federal Reserve Board issues enforcement action with NongHyup Bank.  www.federalreserve.gov/newsevents/press/enforcement/20170126a.htm

January 26, 2017 - NCUA - McWatters Named Acting NCUA Chairman - President Donald J. Trump has designated National Credit Union Administration Board Member J. Mark McWatters as the Acting Chairman of the NCUA Board. www.ncua.gov/newsroom/Pages/mcwatters-named-acting-chairman.aspx

January 26, 2017 - New NCUA Videos Educate Credit Union Boards about Understanding Key Ratios - If you are a credit union board member, you can learn more about key ratios and how they directly affect your credit union’s bottom line in a new video module released today by the National Credit Union Administration. www.ncua.gov/newsroom/Pages/news-2017-jan-ncua-videos-educate-understanding-key-ratios.aspx

January 25, 2017 - National Financial Conditions Index - The Chicago Fed’s National Financial Conditions Index provides a comprehensive weekly update on U.S. financial conditions in money markets, debt and equity markets and the traditional and “shadow” banking systems. www.chicagofed.org/publications/nfci/index

January 24, 2017 - Brandy N. Kelly Pryor Joins St. Louis Fed’s Health Care Industry Council - Brandy N. Kelly Pryor of Louisville, Ky. has been named to the Health Care Industry Council of the Federal Reserve Bank of St. Louis. Kelly Pryor is the director of the Center for Health Equity for the Louisville Metro Department of Public Health and Wellness and assistant professor with the University of Louisville School of Public Health and Information Sciences. www.stlouisfed.org/news-releases/2017/01/24/brandy-n-kelly-pryor-joins-st-louis-fed-health-care-industry-council

January 24, 2017 - The Federal Reserve Bank of St. Louis Releases FREDcast Forecasting Game - The Federal Reserve Bank of St. Louis recently released FREDcast, an interactive forecasting game that allows players to forecast four economic variables, track their forecasts’ accuracy on scoreboards and compete with friends and other players in leagues. www.stlouisfed.org/news-releases/2017/01/24/the-federal-reserve-bank-of-st-louis-releases-fredcast-forecasting-game

January 24, 2017 - Notice of a Meeting under Expedited Procedures - A closed meeting of the Board of Governors of the Federal Reserve System was held under expedited procedures at 10:00 AM on January 24, 2017. Matter considered: Periodic Briefing and Discussion on Financial Markets, Institutions, and Infrastructure. www.federalreserve.gov/aboutthefed/boardmeetings/20170124exp.htm

January 24, 2017 - Federal banking agencies fine ServiceLink Holdings $65 million - The federal banking agencies today fined ServiceLink Holdings, LLC, $65 million for improper actions by its predecessor company, Lender Processing Services, Inc., which resulted in significant deficiencies in the foreclosure-related services that LPS provided to mortgage servicers.
Press Release: www.federalreserve.gov/newsevents/press/enforcement/20170124a.htm
Press Release: www.fdic.gov/news/news/press/2017/pr17006.html
Press Release: www.occ.gov/news-issuances/news-releases/2017/nr-ia-2017-13.html

January 23, 2017 - Heaping at Round Numbers on Financial Questions: The Role of Satisficing - Michael Gideon, Brooke Helppie-McFall, and Joanne W. Hsu - Survey responses to quantitative financial questions frequently display strong patterns of heaping at round numbers. www.federalreserve.gov/econresdata/feds/2017/files/2017006pap.pdf

January 23, 2017 - How Fast are Semiconductor Prices Falling? - David M. Byrne, Stephen D. Oliner, and Daniel E. Sichel - The Producer Price Index for the United States suggests that semiconductor prices have barely been falling in recent years, a dramatic contrast to the rapid declines reported from the mid-1980s to the early 2000s. www.federalreserve.gov/econresdata/feds/2017/files/2017005pap.pdf

January 23, 2017 - Rules and Discretion in Life Insurance Regulation - By Alejandro H. Drexler , Zain Mohey-Deen , Richard J. Rosen - In this Chicago Fed Letter, we illustrate how regulators have used rule-based and principle-based approaches to set the minimum level of reserves and capital for insurers. We use examples to show the trend toward more principle-based regulation. www.chicagofed.org/publications/chicago-fed-letter/2017/373

January 23, 2017 - Five Credit Unions Certified as Community Development Financial Institutions - Effort to Expand Credit Unions’ Certification Becomes a Permanent Program - Five federally insured, low-income credit unions have earned certification as community development financial institutions, the National Credit Union Administration announced today. www.ncua.gov/newsroom/Pages/news-2017-jan-five-credit-unions-certified-community-development-financial-institutions.aspx

January 23, 2017 - FDIC Consumer News Answers Common Questions on How to Avoid Financial Mistakes and Protect Your Money - Each year, thousands of consumers contact the FDIC with questions about financial services and products such as mortgages, checking accounts and credit cards. www.fdic.gov/news/news/press/2017/pr17005.html

January 23, 2017 - 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 January 23, 2017. 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/20170123exp.htm

January 23, 2017 - Credit and Liquidity Programs and the Balance Sheet - Recent balance sheet trends, weekly chart update - Since the beginning of the financial market turmoil in August 2007, the Federal Reserve's balance sheet has grown in size and has changed in composition.  www.federalreserve.gov/monetarypolicy/bst_recenttrends.htm

January 19, 2017 - Janet L. Yellen,  Chair - The Economic Outlook and the Conduct of Monetary Policy - At the Stanford Institute for Economic Policy Research, Stanford University, Stanford, California.  www.federalreserve.gov/newsevents/speech/yellen20170119a.htm
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January 19, 2017 - OCC Enforcement Actions and Terminations for January 2017- The Office of the Comptroller of the Currency (OCC) 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. https://www.occ.treas.gov/news-issuances/news-releases/2017/nr-occ-2017-12.html

January 19, 2017 - OCC Enforcement Actions and Terminations for January 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 associations. www.occ.gov/news-issuances/news-releases/2017/nr-occ-2017-12.html

January 19, 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 12:00 PM on January 23, 2017.  www.federalreserve.gov/aboutthefed/boardmeetings/20170123advexp.htm

January 19, 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 January 24, 2017. www.federalreserve.gov/aboutthefed/boardmeetings/20170124advexp.htm

January 19, 2017 - NCUA Webinar to Cover SBA Loan Programs - Discussion to Include Agency’s Member Business Lending Rule - Credit unions interested in Small Business Administration loan programs can get valuable information from an upcoming National Credit Union Administration webinar scheduled for Feb. 15. www.ncua.gov/newsroom/Pages/news-2017-jan-ncua-webinar-cover-sba-loan-programs.aspx

January 19, 2017 - NCUA Seeks Comments on Alternative Capital - Civil Monetary Penalties Adjusted for Inflation, as Required by Federal Law - The National Credit Union Administration Board held its first open meeting of 2017 at the agency’s headquarters here today and unanimously approved one item. www.ncua.gov/newsroom/Pages/news-2017-jan-ncua-seeks-comments-alternative-capital.aspx

January 18, 2017 - Chicago Fed Survey of Business Conditions - Survey shows growth picked up in late November and December - The Chicago Fed Survey of Business Conditions Activity Index increased to –8 from –19, suggesting that growth in economic activity remained at a modest pace in late November and December. www.chicagofed.org/~/media/publications/cfsbc/2017/cfsbc-january2017-pdf.pdf

January 18, 2017 - NCUA to Host Consumer Compliance Webinar - Learn about Recent Changes to HMDA Reporting and Prepaid Account Rules - Credit unions can learn more about the new reporting requirements under the Home Mortgage Disclosure Act and recent rule changes for prepaid accounts during a webinar hosted by the National Credit Union Administration on Tuesday, Feb. 28, beginning at 2 p.m. Eastern. www.ncua.gov/newsroom/Pages/news-jan-2017-ncua-host-consumer-compliance-webinar.aspx

January 18, 2017 - St Louis Fed Releases Newly Designed Beige Book - The Federal Reserve Bank of St. Louis released its portion of the Federal Reserve’s latest Beige Book, published today. www.stlouisfed.org/news-releases/2017/01/18/contact-laura-taylor-draft

January 18, 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 Boston based on information collected on or before January 9, 2017. www.federalreserve.gov/monetarypolicy/beigebook/beigebook201701.htm

January 18, 2017 - Statistical Release - Industrial Production and Capacity Utilization - G.17 - Industrial production rose 0.8 percent in December after falling 0.7 percent in November. For the fourth quarter as a whole, the index slipped 0.6 percent at an annual rate. www.federalreserve.gov/releases/g17/Current/default.htm

January 18, 2017 - Janet L. Yellen,  Chair - The Goals of Monetary Policy and How We Pursue Them At the Commonwealth Club, San Francisco, California.   www.federalreserve.gov/newsevents/speech/yellen20170118a.htm

January 18, 2017 - Federal Reserve Board announces finalized rule adjusting the Board's maximum civil money penalties - In November 2015, a law was passed that requires all federal agencies to adjust their maximum civil money penalty limits annually for inflation, rather than every four years as previously required. www.federalreserve.gov/newsevents/press/bcreg/20170118a.htm

January 17, 2017 - NCUA - CDFI Certification Provides Pathways to Better Serving Members, Communities - Read the Latest Issue of “The NCUA Report” Online -The Community Development Financial Institutions Fund can be a critical funding source for credit unions operating in low- to moderate-income communities, helping to increase access to affordable financial services. www.ncua.gov/newsroom/Pages/news-2017-jan-cdfi-certification-provides-pathways-better-serving-members-communities.aspx

January 17, 2017 - OCC Begins Roll-Out of Web-Based System for Licensing and Public Welfare Investment Filings - The Office of the Comptroller of the Currency today launched the agency’s Central Application Tracking System, which is the OCC’s new web-based system for banks to file licensing and public welfare investment applications and notices. www.occ.gov/news-issuances/news-releases/2017/nr-occ-2017-11.html

January 17, 2017 - OCC Allows National Banks and Federal Savings Associations in the District of Columbia to Close for the Presidential Inauguration - The Office of the Comptroller of the Currency today issued a proclamation allowing national banks and federal savings associations in the District of Columbia to close at their discretion for the Presidential Inauguration. www.occ.gov/news-issuances/news-releases/2017/nr-occ-2017-10a.pdf

January 17, 2017 - Student Board of Directors Leads to Big Opportunities - Arlington Foster is a freshman at the University of Missouri-Columbia with a perfect GPA and plans to become a CEO. www.stlouisfed.org/news-releases/2017/01/17/student-board-of-directors-leads-to-big-opportunities

January 17, 2017 - A Unified Framework for Dimension Reduction in Forecasting - Alessandro Barbarino and Efstathia Bura - Factor models are widely used in summarizing large datasets with few underlying latent factors and in building time series forecasting models for economic variables.www.federalreserve.gov/econresdata/feds/2017/files/2017004pap.pdf

January 17, 2017 - Lael Brainard,  Governor - Monetary Policy in a Time of Uncertainty - At the Brookings Institution, Washington, D.C. www.federalreserve.gov/newsevents/speech/brainard20170117a.htm

January 13, 2017 - Economic Outlook Symposium: Summary of 2016 Results and 2017 Forecasts By William A. Strauss , Thomas Haasl - According to participants in the Chicago Fed’s annual Economic Outlook Symposium, the U.S. economy is forecasted to grow at a pace slightly above average in 2017, with inflation moving higher and the unemployment rate remaining low. www.chicagofed.org/publications/chicago-fed-letter/2017/372

January 13, 2017 - First-Citizens Bank & Trust Company, Raleigh, North Carolina Assumes All of the Deposits of Harvest Community Bank, Pennsville, New Jersey - Harvest Community Bank, Pennsville, New Jersey, was closed today by the New Jersey Department of Banking and Insurance, which appointed the Federal Deposit Insurance Corporation as receiver. www.fdic.gov/news/news/press/2017/pr17004.html

January 13, 2017 - Risk Taking and Interest Rates: Evidence from Decades in the Global Syndicated Loan Market - Seung Jung Lee, Lucy Qian Liu, and Viktors Stebunovs - We study how low interest rates in the United States affect risk taking in the market for cross-border corporate loans. www.federalreserve.gov/econresdata/ifdp/2017/files/ifdp1188.pdf

January 13, 2017 - Confidence Interval Projections of the Federal Reserve Balance Sheet and Income - Erin E. Syron Ferris, Soo Jeong Kim, and Bernd Schlusche - In response to the financial crisis of 2008 and the subsequent recession, the Federal Reserve employed large-scale asset purchases and a maturity extension program with the purpose of reducing longer-term interest rates, and thereby promoting more accommodative financial conditions at a time when the conventional monetary policy tool, the federal funds rate, was at its effective lower bound. www.federalreserve.gov/econresdata/notes/feds-notes/2017/confidence-interval-projections-of-the-federal-reserve-balance-sheet-and-income-20170113.html

January 13, 2017 - Legal Interpretations - Bank Holding Companies/Savings and Loan Holding Companies/Change in Control, 2016 Letters.   www.federalreserve.gov/bankinforeg/LegalInterpretations/bhc_changeincontrol2016.htm

January 13, 2017 - 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

January 13, 2017 - Agencies extend comment period for advance notice of proposed rulemaking on enhanced cyber risk management standards - The Federal Reserve Board, the Office of the Comptroller of the Currency, and the Federal Deposit Insurance Corporation on Friday extended until February 17, 2017.
Press Release: www.federalreserve.gov/newsevents/press/bcreg/20170113a.htm
Press Release: www.fdic.gov/news/news/press/2017/pr17003.html
Press Release: www.occ.gov/news-issuances/news-releases/2017/nr-ia-2017-9.html

January 12, 2017 - The Community Reinvestment Act To Be Discussed at Next Delta Communities Meeting - How the Community Reinvestment Act plays into community and economic development projects is the subject of the next Delta Communities meetings, a series that focuses on life in the Arkansas and Mississippi Delta. www.stlouisfed.org/news-releases/2017/01/12/the-community-reinvestment-act-to-be-discussed-at-next-delta-communities-meeting

January 12, 2017 - Janet L. Yellen,  Chair - Welcoming Remarks - At the Conversation with the Chair: A Teacher Town Hall Meeting, Washington, D.C. www.federalreserve.gov/newsevents/speech/yellen20170112a.htm

January 12, 2017 - 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/sr1702.htm
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January 12, 2017 - OCC Hosts Risk Governance and Compliance Workshops in Miami - The Office of the Comptroller of the Currency will host two workshops in Miami at the Miami Marriott Dadeland, February 7-8, for directors of national community banks and federal savings associations supervised by the OCC. www.occ.gov/news-issuances/news-releases/2017/nr-occ-2017-8.html

January 12, 2017 - Kansas City Fed Announces Director Election Results and Appointments - The Federal Reserve Bank of Kansas City announces director election results and appointments to fill seats on its headquarters office and branch boards of directors. www.kansascityfed.org/~/media/files/publicat/newsroom/2017/pressreleasebod11217.pdf

January 12, 2017 - Kansas City Fed Names Advisory Council Appointments - The Federal Reserve Bank of Kansas City has announced a number of appointments to its Community Development Advisory Council for 2017. www.kansascityfed.org/~/media/files/publicat/newsroom/2017/pressreleasecdac11217.pdf

January 12, 2017 - Kansas City Fed Announces Economic Advisory Council Appointments.  www.kansascityfed.org/~/media/files/publicat/newsroom/2017/pressreleaseeac1122017.pdf

January 12, 2017 - St. Louis Fed's Bullard Addresses Five U.S. Macroeconomic Questions for 2017 - Federal Reserve Bank of St. Louis President James Bullard discussed “Five Macroeconomic Questions for 2017” at the Forecasters Club of New York on Thursday. www.stlouisfed.org/news-releases/2017/01/12/bullard-addresses-five-questions

January 12, 2017 - Consolidated Reports of Condition and Income - The Consolidated Reports of Condition and Income for the December 31, 2016, report date must be submitted to the agencies' Central Data Repository by Monday, January 30, 2017. www.fdic.gov/news/news/financial/2017/fil17005.pdf

January 12, 2017 - Payment System Risk - Peak and Average Daylight Overdrafts and Related Fees, Quarterly Data Updates.  www.federalreserve.gov/paymentsystems/psr_data.htm

January 12, 2017 - Federal Open Market Committee - 2011 FOMC Transcripts and Presentation Materials.  www.federalreserve.gov/monetarypolicy/fomchistorical2011.htm

January 11, 2017 - NCUA - December 2016 NCUA Board Meeting Video Available - The video recording of the Dec. 15, 2016, open meeting of the National Credit Union Administration Board is now available on the agency’s website. www.ncua.gov/newsroom/Pages/news-2017-jan-december-2016-ncua-board-meeting-video-available.aspx

January 11, 2017 - NCUA Webinar Will Cover New Field-of-Membership Rule - The National Credit Union Administration’s new field-of-membership rule takes effect Feb. 6, and you can get important information about the new rule in an agency webinar scheduled for Wednesday, Feb. 1. www.ncua.gov/newsroom/Pages/news-2017-jan-ncua-webinar-cover-new-field-membership-rule.aspx

January 11, 2017 - OCC Releases 2017 Schedule of Workshops for Directors of National Community Banks and Federal Savings Associations - The Office of the Comptroller of the Currency today announced its 2017 schedule of workshops for directors of national community banks and federal savings associations. www.occ.gov/news-issuances/news-releases/2017/nr-occ-2017-7.html

January 11, 2017 - OCC Issues Notice of Charges to Prohibit and Assess $5 Million Penalty Against Two Foreign Exchange Traders - The Office of the Comptroller of the Currency today issued a notice of charges for prohibition and notice of assessment of civil money penalty against Richard Usher, former Head of G10 Spot Trading at JPMorgan Chase Bank, N.A., and Rohan Ramchandani, former Head of European Spot Trading at Citibank, N.A. www.occ.gov/news-issuances/news-releases/2017/nr-occ-2017-6.html

January 11, 2017 - Legal Interpretations- Bank Holding Companies/Savings and Loan Holding Companies/Change in Control, 2016 Letters.  www.federalreserve.gov/bankinforeg/LegalInterpretations/bhc_changeincontrol2016.htm

January 11, 2017 - Federal Reserve Board announces approval of application by First Citizens BancShares, Inc. www.federalreserve.gov/newsevents/press/orders/20170111a.htm

January 10, 2017 - U.S. and Oklahoma Economic Outlook - By Megan Williams Associate Economist & Manager, Oklahoma City Branch Federal Reserve Bank of Kansas City.   www.kansascityfed.org/~/media/files/publicat/speeches/2017/2017-williams-ardmore-rotary-01-17.pdf

January 10, 2017 - Consolidated Reports of Condition and Income for Fourth Quarter 2016 - The attached materials pertain to the Consolidated Reports of Condition and Income for the December 31, 2016, report date. www.fdic.gov/news/news/financial/2017/fil17004.html

January 10, 2017 - Minutes of the Board's discount rate meetings from November 14 through December 14, 2016.  www.federalreserve.gov/newsevents/press/monetary/monetary20170110a1.pdf

January 10, 2017 - Federal Reserve Board announces Reserve Bank income and expense data and transfers to the Treasury for 2016 - The 2016 audited Reserve Bank financial statements are expected to be published in March and may include adjustments to these preliminary unaudited results. www.federalreserve.gov/newsevents/press/other/20170110a.htm

January 10, 2017 - Federal Reserve Board announces termination of enforcement action with First Personal Financial Corp. www.federalreserve.gov/newsevents/press/enforcement/20170110a.htm

January 9, 2017 - CUSO Registry Reaffirmation Period Begins Feb 1 - Register Now for Jan. 25 Webinar On How to Complete the Process - Credit union service organizations will have from Feb. 1 to March 31 to complete their annual required reaffirmation with the National Credit Union Administration’s CUSO Registry, the agency announced today. www.ncua.gov/newsroom/Pages/news-2017-jan-cuso-registry-reaffirmation-period-feb-1.aspx

January 9, 2017 - OCC Terminates Mortgage Servicing-Related Consent Order Against HSBC Bank USA, N.A., Issues $32.5 Million Civil Money Penalty.  www.occ.gov/news-issuances/news-releases/2017/nr-occ-2017-5.html

January 9, 2017 - Jay N. Lerner Sworn In as FDIC Inspector General - Jay N. Lerner was sworn in on Monday as the Inspector General of the Federal Deposit Insurance Corporation. Mr. Lerner oversees the Office of Inspector General, which conducts investigations of potential fraud and other crimes related to insured financial institutions and closed banks. www.fdic.gov/news/news/press/2017/pr17002.html

January 9, 2017 - Statistical Release - Consumer Credit - G.19 - In November, consumer credit increased at a seasonally adjusted annual rate of 8 percent. Revolving credit increased at an annual rate of 13-1/2 percent, while nonrevolving credit increased at an annual rate of 6 percent. www.federalreserve.gov/releases/g19/current/default.htm

January 9, 2017 - OMWI: Regulated Entities Self-Assessments - Regulated Entities Self-Assessment Template.  www.federalreserve.gov/aboutthefed/omwi-policy-template-20160109.pdf

January 9, 2017 - Credit-Market Sentiment and the Business Cycle - David Lopez-Salido, Jeremy C. Stein, and Egon Zakrajsek - Using U.S. data from 1929 to 2015, we show that elevated credit-market sentiment in year t-2 is associated with a decline in economic activity in years t and t+1. www.federalreserve.gov/econresdata/feds/2015/files/2015028r1pap.pdf

January 9, 2017 - Jerome H. Powell,  Governor - Low Interest Rates and the Financial System - At the 77th Annual Meeting of the American Finance Association, Chicago, Illinois.   www.federalreserve.gov/newsevents/speech/powell20170107a.pdf

January 6, 2017 - FOIA - Chair Yellen's calendar, November 2016.  www.federalreserve.gov/foia/files/chair-yellen-calendar-112016.pdf 

January 6, 2017 - College or the Stock Market, or College and the Stock Market? - Kartik Athreya, Felicia Ionescu, and Urvi Neelakantan - Human capital and stocks both provide rewards to those who invest in them, the former through higher future earnings and the latter through appreciation or dividends. www.federalreserve.gov/econresdata/notes/feds-notes/2017/college-or-the-stock-market-or-college-and-the-stock-market-20170106.html

January 6, 2017 - Leadership and Membership Announcements for the Federal Reserve Bank of San Francisco’s Salt Lake City Branch Board of Directors.  www.frbsf.org/our-district/press/news-releases/2017/leadership-and-membership-announcements-salt-lake-city-branch-board-of-directors/

January 5, 2017 - NCUA Consulting Will Help 153 Small Credit Unions Improve Services - Deadline for Nominations for the Second Semester Is May 31 - The National Credit Union Administration will provide consulting services to 153 small, federally insured credit unions during the first half of 2017, the agency announced today. www.ncua.gov/newsroom/Pages/news-2017-jan-ncua-consulting-help-153-small-credit-unions-improve-services.aspx

January 5, 2017 - OCC Report Discusses Risks Facing National Banks and Federal Savings Associations - The Office of the Comptroller of the Currency reported strategic, credit, operational, and compliance risks remain top concerns in its Semiannual Risk Perspective for Fall 2016, released today. www.occ.gov/news-issuances/news-releases/2017/nr-occ-2017-4.html

January 5, 2017 - Community Banking Conference 2016 Highlights - The FDIC is providing highlights from the Community Banking Conference held April 6, 2016 themed Strategies for Long-Term Success. Four conference panels discussed the community banking model; regulatory developments; managing technology challenges; and ownership structure and succession planning. www.fdic.gov/news/news/financial/2017/fil17003.pdf

January 5, 2017 - 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

January 6, 2017 - Banking Information & Regulation - Resolution Plans, 86 plans - The public sections available on the Board's website have not been edited or reviewed by the Board and are provided exactly as submitted by the companies. www.federalreserve.gov/bankinforeg/resolution-plans-search.htm

January 5, 2017 - Bond Market Intermediation and the Role of Repo - Yesol Huh and Sebastian Infante - This paper models the important role that repurchase agreements (repos) play in bond market intermediation. www.federalreserve.gov/econresdata/feds/2017/files/2017003pap.pdf

January 5, 2017 - Household Incomes in Tax Data: Using Addresses to Move from Tax Unit to Household Income Distributions - Jeff Larrimore, Jacob Mortenson, and David Splinter - Abstract: Tax return data are increasingly the standard for tracking income statistics in the United States. www.federalreserve.gov/econresdata/feds/2017/files/2017002pap.pdf

January 5, 2017 - Steven W. Streit Appointed to the Los Angeles Branch Board of the Federal Reserve Bank of San Francisco. www.frbsf.org/our-district/press/news-releases/2017/steven-w-streit-appointed-los-angeles-branch-board/

January 4, 2017 - Drew Wolff and Cheryl B. Fambles Appointed to the Seattle Branch Board of the Federal Reserve Bank of San Francisco. www.frbsf.org/our-district/press/news-releases/2017/drew-wolff-cheryl-b-fambles-appointed-seattle-branch-board/
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January 4, 2017 - Federal Reserve Bank of Chicago Announces 2017 Chicago Fed and Detroit Branch Board Changes - The Federal Reserve Bank of Chicago today announced the re-election of two current directors, the re-appointment of a current director, the appointment of its board chair and deputy chair, Detroit branch board appointments, Detroit branch Chair, and the re-appointment of its Federal Advisory Council representative. www.chicagofed.org/publications/news/2017/new-director-release

January 4, 2017 - OCC Reports Improved Mortgage Performance in Third Quarter of 2016 - Performance of first-lien mortgages improved during the third quarter of 2016 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/2017/nr-occ-2017-3.html

January 4, 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 performance evaluations that became public during the period of December 1, 2016 through December 31, 2016. https://www.occ.gov/news-issuances/news-releases/2017/nr-occ-2017-2.html 

January 4, 2017 - OCC Reports Bank Trading Revenue Fell in the Third Quarter 2016 - Trading revenue of U.S. commercial banks and savings associations fell to $6.4 billion in the third quarter of 2016 from $7 billion in the previous quarter, the Office of the Comptroller of the Currency reported in its Quarterly Report on Bank Trading and Derivatives Activities. www.occ.gov/news-issuances/news-releases/2017/nr-occ-2017-1.html

January 4, 2017 - Examination Cycle - Joint Final Rules on Expanded Examination Cycle for Certain Small Insured Depository Institutions and U.S. Branches and Agencies of Foreign Banks - The FDIC and the other federal financial institution regulatory agencies have adopted final rules permitting insured depository institutions with up to $1 billion in total assets, and that meet certain other criteria, to qualify for an 18-month on-site examination cycle. www.fdic.gov/news/news/financial/2017/fil17002.pdf

January 4, 2017 - New Consolidated Reports of Condition and Income for Small Institutions - The Federal Financial Institutions Examination Council has approved a new streamlined FFIEC 051 Call Report for eligible small institutions, which generally are institutions with domestic offices only and total assets of less than $1 billion. www.fdic.gov/news/news/financial/2017/fil17001.html

January 4, 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. www.fdic.gov/news/news/press/2017/pr17001.html

January 4 2017 - Demand for Voluntary Balance Requirements: the U.S. Experience with Contractual Clearing Balances from 2000 to 20071 - Jeffrey M. Naber, Richard Sambasivam, and Mary-Frances Styczynski - Contractual clearing balances were a type of balance that a depository institution (hereafter "bank") could voluntarily agree to hold in their account at the Federal Reserve in addition to mandatory reserve requirements, or reserve balance requirements prior to 2012. www.federalreserve.gov/econresdata/notes/feds-notes/2017/demand-for-voluntary-balance-requirements-the-us-experience-with-contractual-clearing-balances-from-2000-to-2007-20170104.html

January 4, 2017 - The currency dimension of the bank lending channel in international monetary transmission - Elod Takats and Judit Temesvary - We investigate how the use of a currency transmits monetary policy shocks in the global banking system. www.federalreserve.gov/econresdata/feds/2017/files/2017001pap.pdf

January 4, 2017 - Watch Live January 12 at 7 p.m. Conversation with the Chair: A Teacher Town Hall Meeting - Watch Live as Chair Yellen hosts a conversation with teachers from across the U.S. on January 12, 2017 from 7-8 p.m.  www.federalreserve.gov/newsevents/conferences/chair-yellen-teacher-town-hall-2017.htm

January 4, 2017 - Federal Reserve Board permanently prohibits former foreign exchange trader from participating in banking industry because of actions to manipulate FX prices - Through the use of electronic chat rooms, Katz coordinated his trading with competitors, engaged competitors to agree on the FX prices quoted to customers, disclosed confidential customer information to traders at other institutions, and engaged in other unsafe or unsound practices. www.federalreserve.gov/newsevents/press/enforcement/20170104a.htm

January 4, 2017 - Minutes of the Federal Open Market Committee, December 13-14, 2016.  www.federalreserve.gov/newsevents/press/monetary/20170104a.htm

January 3, 2017 - Current Release - The table below shows the average rates of exchange in DECEMBER 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/default.htm