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May 30, 2010 - Chairman Ben S. Bernanke -The Policy Response to
the Crisis in Korea and Other Emerging Market Economies - At the
Bank of Korea's International Conference, Seoul, Korea.
www.federalreserve.gov/newsevents/speech/bernanke20100530a.htm
May 28, 2010 - City National Bank, Los Angeles, California,
Assumes All of the Deposits of Sun West Bank, Las Vegas, Nevada
- Sun West Bank, Las Vegas, Nevada, was closed today by the
Nevada Financial Institutions Division, which appointed the
Federal Deposit Insurance Corporation as receiver. To protect
the depositors, the FDIC entered into a purchase and assumption
agreement with City National Bank, Los Angeles, California, to
assume all of the deposits of Sun West Bank.
www.fdic.gov/news/news/press/2010/pr10127.html
May 28, 2010 - Tri Counties Bank, Chico, California, Assumes All
of the Deposits of Granite Community Bank, N.A., Granite Bay,
California - Granite Community Bank, N.A., Granite Bay,
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 Tri
Counties Bank, Chico, California, to assume all of the deposits
of Granite Community Bank, N.A.
www.fdic.gov/news/news/press/2010/pr10126.html
May 28, 2010 - Everbank, Jacksonville, Florida, Acquires All the
Deposits of Three Affiliated Florida Institutions - Bank of
Florida - Southeast; Bank of Florida - Southwest; and Bank of
Florida - Tampa Bay - EverBank, Jacksonville, Florida, acquired
the banking operations, including all the deposits, of three
Florida-based institutions. To protect depositors, the Federal
Deposit Insurance Corporation entered into a purchase and
assumption agreement with EverBank.
www.fdic.gov/news/news/press/2010/pr10125.html
May 28, 2010 - FDIC Makes Public April Enforcement Actions; No
Administrative Hearings are Scheduled - The Federal Deposit
Insurance Corporation (FDIC) today released a list of orders of
administrative enforcement actions taken against banks and
individuals in April.
www.fdic.gov/news/news/press/2010/pr10124.html
May 28, 2010 - Reports to Congress - Report to the Congress on
Reductions of Consumer Credit Limits Based on Certain
Information as to Experience or Transactions of the Consumer.
www.federalreserve.gov/pubs/reports_other.htm
May 28, 2010 - Reports to Congress - Report to the Congress on
the Use of Credit Cards by Small Businesses and the Credit Card
Market for Small Businesses.
www.federalreserve.gov/pubs/reports_other.htm
May 28, 2010 - Credit and Liquidity Programs and the Balance
Sheet - Recent balance sheet trends, weekly chart data update.
www.federalreserve.gov/monetarypolicy/bst_recenttrends.htm
May 28, 2010 - Supervision Manuals - Commercial Bank Examination
Manual, April 2010 Update.
www.federalreserve.gov/boarddocs/supmanual/supervision_cbem.htm
May 28, 2010 - Federal Open Market Committee - Greenbooks and
Bluebooks, 2004.
www.federalreserve.gov/monetarypolicy/fomchistorical2004.htm
May 28, 2010 - The Federal Reserve Board on Friday announced
final clarifications to aspects of its November 2009 final rule
under Regulation E and its December 2008 final rule under
Regulation DD pertaining to overdraft services.
www.federalreserve.gov/newsevents/press/bcreg/20100528a.htm
May 28, 2010 - FOMC announces tentative 2011 meeting schedule.
http://www.federalreserve.gov/newsevents/press/monetary/20100528b.htm
May 28, 2010 - The Federal Reserve has scheduled three
small-value auctions of term deposits through its Term Deposit
Facility over the next two months. These auctions are a matter
of prudent planning and have no implications for the near-term
conduct of monetary policy.
www.federalreserve.gov/newsevents/press/monetary/20100528a.htm
_______________________
May 28, 2010 - FDIC Makes Public April Enforcement Actions; No
Administrative Hearings are Scheduled - The Federal Deposit
Insurance Corporation (FDIC) today released a list of orders of
administrative enforcement actions taken against banks and
individuals in April. No administrative hearings are scheduled.
http://www.fdic.gov/news/news/press/2010/pr10124.html
May 27, 2010 - St. Louis Fed's Bullard Discusses "Policy
Challenges for Central Banks in the Aftermath of the Crisis” In
remarks today at the Swedbank Economic Outlook Conference,
"Economic Policy in the Aftermath of the Financial Crisis," St.
Louis Fed President James Bullard discussed the state of the
global economic recovery amid the European sovereign debt
crisis.
www.stlouisfed.org/newsroom/displayNews.cfm?article=688
May 27, 2010 - Regulatory Relief - Guidance to Help Financial
Institutions and Facilitate Recovery in Areas of Oklahoma
Affected by Severe Weather - The FDIC has announced a series of
steps intended to provide regulatory relief to financial
institutions and facilitate recovery in areas of Oklahoma
affected by severe storms, tornadoes and straight-line winds.
www.fdic.gov/news/news/financial/2010/fil10027.html
May 27, 2010 - FDIC Issues Third Quarter 2010 CRA Examination
Schedule - The Federal Deposit Insurance Corporation has issued
the public list of institutions that it has scheduled for a
Community Reinvestment Act examination during the third quarter
of 2010.
www.fdic.gov/news/news/press/2010/pr10123.html
May 27, 2010 - Termination of enforcement action against Banco
de la Nacion Argentina and Banco de la Nacion Argentina New York
branch.
www.federalreserve.gov/newsevents/press/enforcement/20100527b.htm
May 27, 2010 - The Federal Reserve Board on Thursday announced
the execution of a Written Agreement by and between FirsTier
Bancorp, Broomfield, Colorado, a registered bank holding
company, and the Federal Reserve Bank of Kansas City.
www.federalreserve.gov/newsevents/press/enforcement/20100527a.htm
May 26, 2010 - FDIC and China Banking Regulatory Commission
Announce Enhanced Cooperation in Resolving Troubled Cross-Border
Financial Institutions - The Federal Deposit Insurance
Corporation and the China Banking Regulatory Commission today
announced their agreement to enhance cooperation and
coordination on cross border resolutions.
www.fdic.gov/news/news/press/2010/pr10122.html
May 26, 2010 - Interest on Required Reserve Balances and Excess
Balances - Maintenance period ending May 26, 2010 - The Federal
Reserve Banks pay interest on required reserve
balances--balances held at Reserve Banks to satisfy reserve
requirements--and on excess balances--balances held in excess of
required reserve balances and contractual clearing balances.
www.federalreserve.gov/monetarypolicy/reqresbalances.htm
May 26, 2010 - Payment Systems - Quarterly peak and average
daylight overdraft data and related fees through 2010: Q1.
www.federalreserve.gov/paymentsystems/psr_dlod.htm
May 26, 2010 - Scott G. Alvarez, General Counsel - Government
assistance to AIG - Before the Congressional Oversight Panel,
U.S. Congress, Washington, D.C.
www.federalreserve.gov/newsevents/testimony/alvarez20100526a.htm
May 25, 2010 - FDIC Offers Money-Saving Tips in the New World of
Credit Cards - Other topics in the latest FDIC Consumer News
include depositing money through an agent or broker and
understanding the risks and costs of a reverse mortgage - A new
credit card law helps protect consumers from most instances of
sudden increases in interest rates and other unfavorable changes
in terms, but there are still potential pitfalls.
www.fdic.gov/news/news/press/2010/pr10121.html
May 25, 2010 - Statistical Release - Charge-Off and Delinquency
Rates on Loans at Commercial Banks - These data are compiled
from the quarterly FFIEC Consolidated Reports of Condition and
Income. Data for each calendar quarter become available
approximately sixty days after the end of the quarter.
www.federalreserve.gov/releases/chargeoff/
May 25, 2010 - Banking Structure - Financial Holding Companies -
Under the Bank Holding Company Act, bank holding companies may
elect to be financial holding companies. Following is a list of
those companies whose elections to become or be treated as
financial holding companies are effective. The list includes
only the top-tier company in each organization.
www.federalreserve.gov/generalinfo/fhc/
May 25, 2010 - The Federal Reserve Board on Tuesday released the
minutes of its discount rate meetings on April 5 and April 26,
2010.
www.federalreserve.gov/newsevents/press/monetary/20100525a.htm
May 25, 2010 - The Federal Reserve Board on Tuesday announced
the execution of a Written Agreement by and among Farmers Bank,
Ault, Colorado, a state-chartered member bank, the Federal
Reserve Bank of Kansas City, and the Colorado Division of
Banking.
www.federalreserve.gov/newsevents/press/enforcement/20100525a.htm
May 24, 2010 - OCC Announces New Electronic Interpretations and
Actions.
www.occ.treas.gov/interp/may10/intmay10.htm
May 24, 2010 - Comptroller of the Currency Hosts Community Bank
Directors Workshops in Tulsa, Oklahoma - The Office of the
Comptroller of the Currency will host workshops for directors of
nationally chartered community banks in Tulsa, Oklahoma, at the
Hilton Tulsa Southern Hills, July 20-21, 2010.
http://www.occ.treas.gov/ftp/release/2010-58.htm
May 24, 2010 - FDIC Closes on Sale of $233 Million of Notes
Backed by Commercial Real Estate Loans - Fourth SSGN Transaction
Provides Liquidity to DIF - On May 18, 2010, the FDIC closed a
sale of notes backed by commercial real estate loans from
twenty-two financial institutions, for which the FDIC was
appointed receiver during the period from August 2008 to March
2009.
www.fdic.gov/news/news/press/2010/pr10120.html
May 24, 2010 - FDIC's Board of Directors Approves Global
Settlement Involving Washington Mutual, Inc., Bankruptcy - The
Board of Directors of the Federal Deposit Insurance Corporation
today approved a global settlement of the bankruptcy case
involving Washington Mutual Inc., the holding company of
Washington Mutual Bank, an institution for which FDIC was
appointed receiver on September 25, 2008.
www.fdic.gov/news/news/press/2010/pr10119.html
May 24, 2010 - Federal Reserve Bulletin - Profits and Balance
Sheet Developments at U.S. Commercial Banks in 2009.
www.federalreserve.gov/pubs/bulletin/default.htm
May 24, 2010 - FRB Reports to the Congress - 96th Annual Report,
2009.
www.federalreserve.gov/boarddocs/rptcongress/annual09/default.htm
May 24, 2010 - Consumer credit card agreements from more than
300 credit card issuers are now online in a searchable database
created by the Federal Reserve Board.
www.federalreserve.gov/newsevents/press/other/20100524a.htm
May 21, 2010 - The Federal Reserve Board on Monday announced the
issuance of a Consent Order of Prohibition against Walter Simon,
a former foreign exchange options trader and an
institution-affiliated party of the New York, New York branch of
Skandinaviska Enskilda Banken, Stockholm, Sweden.
www.federalreserve.gov/newsevents/press/enforcement/20100524a.htm
May 21, 2010 - Coulee Bank, La Crosse, Wisconsin, Assumes All of
the Deposits of Pinehurst Bank, St. Paul, Minnesota - Pinehurst
Bank, St. Paul, Minnesota, was closed today by the Minnesota
Department of Commerce, which appointed the Federal Deposit
Insurance Corporation as receiver. To protect the depositors,
the FDIC entered into a purchase and assumption agreement with
Coulee Bank, La Crosse, Wisconsin, to assume all of the deposits
of Pinehurst Bank.
www.fdic.gov/news/news/press/2010/pr10118.html
May 21, 2010 - Midwest Farmland Values Up from Last Year -
Latest AgLetter reports farmland values for the first quarter of
2010 were 4 percent higher than a year ago.
www.chicagofed.org/digital_assets/publications/agletter/2010_2014/may_2010.pdf
May 21, 2010 - OCC Releases CRA Evaluations For 30 National
Banks - 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 April 15,
2010 through May 14, 2010. The list contains only national banks
and insured federal branches of foreign banks that have received
ratings.
www.occ.treas.gov/ftp/release/2010-57.htm
May 21, 2010 - OCC Enforcement Actions - The Office of the
Comptroller of the Currency today released new enforcement
actions taken against national banks and individuals currently
and formerly affiliated with national banks.
www.occ.treas.gov/ftp/release/2010-56.htm
May 21, 2010 - Credit and Liquidity Programs and the Balance
Sheet - Recent balance sheet trends, weekly chart data update.
www.federalreserve.gov/monetarypolicy/bst_recenttrends.htm
May 21, 2010 - Monthly Report on Credit and Liquidity Programs
and the Balance Sheet - May 2010 Report - The Federal Reserve
prepares this monthly report as part of its efforts to enhance
transparency about the range of programs and tools that have
been implemented in response to the financial crisis and to
ensure appropriate accountability to the Congress and the
public.
www.federalreserve.gov/monetarypolicy/clbsreports.htm
_____________________
May 20, 2010 - Acting Director Bowman to Discuss
Thrift Industry Performance in First Quarter of 2010 - The
Office of Thrift Supervision will hold a news briefing at 1 p.m.
on Monday, May 24, 2010, to release and discuss performance data
for federally regulated thrifts for the first quarter of 2010.
OTS Acting Director John E. Bowman will conduct the briefing.
www.ots.treas.gov/?p=PressReleases&ContentRecord_id=b6a86c20-e3d2-63c7-cac7-268049af4bd3&ContentType_id=4c12f337-b5b6-4c87-b45c-838958422bf3
May 20, 2010 - St. Louis Fed President James Bullard Will Speak
at Swedbank Economic Outlook Conference.
www.stlouisfed.org/newsroom/displayNews.cfm?article=685
May 20, 2010 - FDIC-Insured Institutions Earned $18 Billion in
the First Quarter of 2010 - Commercial banks and savings
institutions insured by the Federal Deposit Insurance
Corporation reported an aggregate profit of $18.0 billion in the
first quarter of 2010, a $12.5 billion improvement from the $5.6
billion the industry earned in the first quarter of 2009, but
still well below historical norms for quarterly profits.
www.fdic.gov/news/news/press/2010/pr10117.html
May 20, 2010 - Interagency Examination Procedures for Reviewing
Compliance with the Unlawful Internet Gambling Enforcement Act
of 2006.
Press Release:
www.federalreserve.gov/boarddocs/srletters/2010/sr1011.htm
Press Release:
www.occ.treas.gov/ftp/bulletin/2010-17.html
May 20, 2010 - Governor Daniel K. Tarullo - International
response to European debt problems - Before the Subcommittee on
International Monetary Policy and Trade and Subcommittee on
Domestic Monetary Policy and Technology, Committee on Financial
Services, U.S. House of Representatives, Washington, D.C.
www.federalreserve.gov/newsevents/testimony/tarullo20100520a.htm
May 20, 2010 - The Federal Reserve Board on Thursday announced
the execution of a Written Agreement by and between FirsTier II
Bancorp, Cheyenne, Wyoming, a registered bank holding company,
and the Federal Reserve Bank of Kansas City.
www.federalreserve.gov/newsevents/press/enforcement/20100520b.htm
May 20, 2010 - The Federal Reserve Board on Thursday announced
the execution of a Written Agreement by and among Albina
Community Bancorp, Portland, Oregon, a registered bank holding
company, the Federal Reserve Bank of San Francisco, and the
Oregon Department of Consumer and Business Services, Division of
Finance and Corporate Securities.
www.federalreserve.gov/newsevents/press/enforcement/20100520c.htm
May 20, 2010 - Saint Joseph's High School from Indiana Wins Fed
Challenge National Competition - A team of six students from
Saint Joseph's High School in South Bend, Ind., representing the
Federal Reserve Bank of Chicago's Seventh District, won the High
School Fed Challenge competition national championship held in
Washington D.C.
www.chicagofed.org/webpages/utilities/newsroom/news_releases/2010/05.19_fed_challenge_release.cfm
May 19, 2010 - St. Louis Fed President James Bullard Will Speak
at European Economics and Financial Centre Seminar.
www.stlouisfed.org/newsroom/displayNews.cfm?article=682
May 19, 2010 - Letter to Senators in Support of McCaskill's
Amendments to Regulatory Reform Bill - The following is the text
of a letter sent by St. Louis Fed President James Bullard to the
13 senators who represent states in the Eigth District in
support of legislation introduced by Senator Claire McCaskill.
www.stlouisfed.org/newsroom/displayNews.cfm?article=681
May 19, 2010 - Legal Interpretation - Bank Holding
Company/Change in Control, May 10, 2010 - Letter to Michael N.
Delune, Esq., concluding that a proposed assignment of an
economic interest in a qualified family partnership to a person
who is not a family member would cause the partnership to lose
its status as a QFP.
www.federalreserve.gov/boarddocs/legalint/BHC_ChangeInControl/2010/20100510.pdf
May 19, 2010 - The Federal Reserve Board and the Federal Open
Market Committee on Wednesday released the attached minutes of
the Committee meeting held on April 27-28, 2010. A summary of
economic projections made by Federal Reserve Board members and
Reserve Bank presidents for the April 27-28, 2010 meeting is
also included as an addendum to these minutes.
www.federalreserve.gov/newsevents/press/monetary/20100519a.htm
May 19, 2010 - The Federal Reserve Board on Wednesday announced
the execution of a Written Agreement by and DBT Holding Company,
Vidalia, Georgia, a registered bank holding company, the Federal
Reserve Bank of Atlanta, and the Banking Commissioner of the
State of Georgia.
www.federalreserve.gov/newsevents/press/enforcement/20100519a.htm
May 18, 2010 - OCC Deputy Comptroller Testifies on Commercial
Real Estate Lending - Deputy Comptroller for the Central
District Bert A. Otto testified yesterday about commercial real
estate lending before the Subcommittee on Oversight and
Investigations of the House Committee on Financial Services.
www.occ.treas.gov/ftp/release/2010-55.htm
May 18, 2010 - The Federal Reserve System in May will begin its
2010 Census of Finance Companies. The census is a key part of a
larger effort to paint a complete and continuing picture of this
important sector of the U.S. economy in the aftermath of the
financial crisis.
www.federalreserve.gov/newsevents/press/other/20100518a.htm
May 18, 2010 - The Federal Reserve Board on Tuesday announced
the execution of a Written Agreement by and between Gulf State
Bancorp, Carrabelle, Florida, a registered bank holding company,
and the Federal Reserve Bank of Atlanta.
www.federalreserve.gov/newsevents/press/enforcement/20100518a.htm
May 17, 2010 - NCUA - Phillips Joins NCUA as Human Resources
Director - The National Credit Union Administration has selected
Lorraine Phillips as Director, Office of Human Resources
effective May 17, 2010.
www.ncua.gov/news/press_releases/2010/MR10-05-17LorrainePhillipsNamedOHRDirector.pdf
May 17, 2010 - NCUA - Convent Federal Credit Union Closes -
Member Accounts are Safe and Federally Insured - The National
Credit Union Administration today placed Convent Federal Credit
Union, located in New York, N.Y., into liquidation.
www.ncua.gov/news/press_releases/2010/MR10-0517ConventFCUCloses.pdf
May 17, 2010 - Licensing Manual Update, April 2010 - A revised
"Conversions" booklet is on the Web site for use. It has a
procedure reflecting that Licensing at OCC's Headquarters will
also review conversion applications.
www.occ.treas.gov/corpbook/group4/public/pdf/conversi.pdf
May 17, 2010 - The Federal Reserve Board on Monday announced the
execution of a Written Agreement by and among Cowboy State Bank,
Ranchester, Wyoming, a state-chartered member bank, the Federal
Reserve Bank of Kansas City, and the Wyoming Department of
Audit, Division of Banking.
www.federalreserve.gov/newsevents/press/enforcement/20100517c.htm
May 17, 2010 - The Federal Reserve Board on Monday announced the
execution of a Written Agreement by and between Pacific Capital
Bancorp, Santa Barbara, California, a registered bank holding
company, and the Federal Reserve Bank of San Francisco.
www.federalreserve.gov/newsevents/press/enforcement/20100517b.htm
May 17, 2010 - The Federal Reserve Board on Monday announced the
issuance of a Consent Order of Prohibition against Antonio
Garcia-Adanez, a former private banking relationship manager and
institution-affiliated party of Standard Chartered Bank
International Limited, Miami, Florida.
www.federalreserve.gov/newsevents/press/enforcement/20100517a.htm
May 14, 2010 - Firstmerit Bank, National Association, Akron,
Ohio, Assumes All of the Deposits of Midwest Bank and Trust
Company, Elmwood Park, Illinois - Midwest Bank and Trust
Company, Elmwood Park, Illinois, was closed today by the
Illinois Department of Financial Professional Regulation -
Division of Banking, which appointed the Federal Deposit
Insurance Corporation as receiver. To protect the depositors,
the FDIC entered into a purchase and assumption agreement with
Firstmerit Bank, National Association, Akron, Ohio, to assume
all of the deposits of Midwest Bank and Trust Company.
www.fdic.gov/news/news/press/2010/pr10116.html
May 14, 2010 - Simmons First National Bank, Pine Bluff,
Arkansas, Assumes All of the Deposits of Southwest Community
Bank, Springfield, Missouri - Southwest Community Bank,
Springfield, Missouri, was closed today by the Missouri Division
of Finance, which appointed the Federal Deposit Insurance
Corporation as receiver. To protect the depositors, the FDIC
entered into a purchase and assumption agreement with Simmons
First National Bank, Pine Bluff, Arkansas, to assume all of the
deposits of Southwest Community Bank.
www.fdic.gov/news/news/press/2010/pr10115.html
May 14, 2010 - NCUA - Matz Urges Changes to Senate Regulatory
Reform Bill - As the Senate moves closer to final votes on
regulatory restructuring legislation in the coming days, NCUA
Chairman Debbie Matz has written Senators in support of two key
changes in the pending measure.
www.ncua.gov/news/press_releases/2010/MA10-0514MatzSenateRegRestructuringBill.pdf
May 14, 2010 - Bank of Ann Arbor, Ann Arbor, Michigan, Assumes
All of the Deposits of New Liberty Bank, Plymouth, Michigan -
New Liberty Bank, Plymouth, Michigan, was closed today by the
Michigan Office of Financial and Insurance Regulation, 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 Ann Arbor, Ann Arbor,
Michigan, to assume all of the deposits of New Liberty Bank.
www.fdic.gov/news/news/press/2010/pr10114.html
May 14, 2010 - Ameris Bank, Moultrie, Georgia, Assumes All of
the Deposits of Satilla Community Bank, Saint Marys, Georgia -
Satilla Community Bank, Saint Marys, Georgia, was closed today
by the Georgia Department of Banking and Finance, which
appointed the Federal Deposit Insurance Corporation as receiver.
To protect the depositors, the FDIC entered into a purchase and
assumption agreement with Ameris Bank, Moultrie, Georgia, to
assume all of the deposits of Satilla Community Bank.
www.fdic.gov/news/news/press/2010/pr10113.html
May 14, 2010 - Statistical Release - G.17 Industrial Production
- Industrial production increased 0.8 percent in April after
having risen 0.2 percent in March. The rates of change for both
January and March were revised up, but the rate of change for
February was revised down; nevertheless, the cumulative change
over those months was only slightly lower than previously
reported. Manufacturing output climbed 1.0 percent in April for
a second consecutive month and was 6.0 percent above its
year-earlier level.
www.federalreserve.gov/releases/g17/Current/default.htm
May 13, 2010 - The Law Department releases its calendar year
2009 updates to "Activities Permissible for a National Bank,
Cumulative," and "Significant Legal, Licensing, and Community
Development Precedents for National Banks, Annual."
www.occ.treas.gov/corpapps/bankact.pdf and
www.occ.treas.gov/sigpre.pdf
__________________________
May 13, 2010 - Measuring the Return on Spending
on the Medicare HMO Program - Anne E. Hall - I estimate the
welfare provided by and net costs of the Medicare HMO program in
1999-2002. I measure welfare with a nested logit model of demand
for Medicare HMO plans using detailed data on plan benefits.
www.federalreserve.gov/pubs/feds/2010/201031/index.html
May 13, 2010 - An Alternative Theory of the Plant Size
Distribution With an Application to Trade - Thomas J. Holmes and
John J. Stevens - There is wide variation in the sizes of
manufacturing plants, even within the most narrowly defined
industry classifications used by statistical agencies. Standard
theories attribute all such size differences to productivity
differences.
www.federalreserve.gov/pubs/feds/2010/201030/index.html
May 13, 2010 - Documentation of the Estimated, Dynamic,
Optimization-based (EDO) Model of the U.S. Economy: 2010 Version
- Hess T. Chung, Michael T. Kiley, and Jean-Philippe Laforte -
This paper provides documentation for a large-scale estimated
DSGE model of the U.S. economy--the Federal Reserve Board's
Estimated, Dynamic, Optimization-based (FRB/EDO) model project.
www.federalreserve.gov/pubs/feds/2010/201029/index.html
May 13, 2010 - Industry Evidence on the Effects of Government
Spending - Christopher J. Nekarda and Valerie A. Ramey - This
paper investigates industry-level effects of government
purchases in order to shed light on the transmission mechanism
for government spending on the aggregate economy. We begin by
highlighting the different theoretical predictions concerning
the effects of government spending on industry labor market
equilibrium.
www.federalreserve.gov/pubs/feds/2010/201028/index.html
May 13, 2010 - Vice Chairman Donald L. Kohn - The Federal
Reserve's Policy Actions during the Financial Crisis and Lessons
for the Future - At the Carleton University, Ottawa, Canada.
www.federalreserve.gov/newsevents/speech/kohn20100513a.htm
May 13, 2010 - The Federal Reserve Board on Thursday announced
the execution of a Written Agreement by and between Integra Bank
Corporation, Evansville, Indiana, a registered bank holding
company, and the Federal Reserve Bank of St. Louis.
www.federalreserve.gov/newsevents/press/enforcement/20100513c.htm
May 13, 2010 - The Federal Reserve Board on Thursday announced
the execution of a Written Agreement by and between Trivoli
Bancorp, Inc., Trivoli, Illinois, a registered bank holding
company, and the Federal Reserve Bank of Chicago.
www.federalreserve.gov/newsevents/press/enforcement/20100513b.htm
May 13, 2010 - The Federal Reserve Board on Thursday announced
the execution of a Written Agreement by and between Cherokee
Banking Company, Canton, Georgia, a registered bank holding
company, and the Federal Reserve Bank of Atlanta.
www.federalreserve.gov/newsevents/press/enforcement/20100513a.htm
May 12, 2010 - Economic Perspectives Now Online - Second quarter
2010 edition of Economic Perspectives explores reasons behind
long-term unemployment and whether labor markets can predict
inflation.
www.chicagofed.org/webpages/publications/economic_perspectives/index.cfm
May 12, 2010 - Statement from Federal Reserve Bank of Kansas
City President Tom Hoenig on the Senate's Approval of the
Hutchison Amendment.
www.kc.frb.org/pubaffrs/pressrel/2010pdf/press.release.10.08.pdf
May 12, 2010 - St. Louis Fed's Bullard Discusses "The U.S.
Economic Situation and Regulatory Reform" at Tennessee's "A Day
with the Commissioner" - In remarks today at the Tennessee
Department of Financial Institutions' "A Day with the
Commissioner," St. Louis Fed President James Bullard discussed
the U.S. economic situation and provided an overview of the
Tennessee economy.
www.stlouisfed.org/newsroom/displayNews.cfm?article=679
May 12, 2010 - Special Reporting, Analysis and Contingent
Resolution Plans at Certain Large Insured Depository
Institutions - The FDIC has issued the attached proposed rule
that would require certain identified insured depository
institutions that are affiliates of large and complex financial
companies to submit to the FDIC analysis, information and plans
that address and demonstrate the insured institution's ability
to be separated from its parent structure, and to be wound down
or resolved in an orderly fashion.
www.fdic.gov/news/news/financial/2010/fil10026.html
May 12, 2010 - Regulatory Relief - The FDIC has announced a
series of steps intended to provide regulatory relief to
financial institutions and facilitate recovery in areas of
Kentucky affected by severe storms, flooding, mudslides and
tornadoes.
www.fdic.gov/news/news/financial/2010/fil10025.html
May 12, 2010 - Interest on Required Reserve Balances and Excess
Balances - Maintenance period ending May 12, 2010 - The Federal
Reserve Banks pay interest on required reserve
balances--balances held at Reserve Banks to satisfy reserve
requirements--and on excess balances--balances held in excess of
required reserve balances and contractual clearing balances.
www.federalreserve.gov/monetarypolicy/reqresbalances.htm
May 12, 2010 - The Federal Reserve Board on Wednesday announced
the execution of a Written Agreement by and among North Valley
Bank, Zanesville, Ohio, a state chartered member bank, the
Federal Reserve Bank of Cleveland, and the Ohio Division of
Financial Institutions.
www.federalreserve.gov/newsevents/press/enforcement/20100512a.htm
May 11, 2010 - Statement of Comptroller Dugan on the FDIC's
Securitization Proposal - Comptroller of the Currency John C.
Dugan discussed a proposed rule on bank securitizations at a
meeting of the Federal Deposit Insurance Corporation's Board of
Directors.
www.occ.treas.gov/ftp/release/2010-54.htm
May 11, 2010 - FDIC Board Approves NPR Regarding Safe Harbor
Protection for Securitizations - The Board of Directors of the
Federal Deposit Insurance Corporation today approved a Notice of
Proposed Rulemaking (NPR) to clarify the safe harbor protection
in a conservatorship or receivership for financial assets
transferred by an insured depository institution in connection
with a securitization or participation.
www.fdic.gov/news/news/press/2010/pr10112.html
May 11, 2010 - FDIC Board Approves NPR for Additional Reporting,
Analysis and Contingent Resolution Plans at Certain Large
Depositories - The FDIC today issued for public comment a
proposed rule that would require certain identified insured
depository institutions that are subsidiaries of large and
complex financial parent companies to submit to the FDIC
analysis, information, and contingent resolution plans that
address and demonstrate the IDI's ability to be separated from
its parent structure, and to be wound down or resolved in an
orderly fashion.
www.fdic.gov/news/news/press/2010/pr10111.html
May 11, 2010 - Thomas J. Dujenski Named FDIC Atlanta Regional
Director - Thomas J. Dujenski, a 27-year FDIC veteran, has been
appointed FDIC Regional Director for the Division of Supervision
and Consumer Protection's Atlanta Region. He had been serving as
Regional Director for the Dallas Region.
www.fdic.gov/news/news/press/2010/pr10110.html
May 11, 2010 - Vice Chairman Donald L. Kohn - Global Imbalances
- At the High-Level Conference on the International Monetary
System, Zurich, Switzerland.
www.federalreserve.gov/newsevents/speech/kohn20100511a.htm
May 11, 2010 - The Federal Reserve on Tuesday publicly released
the text of three agreements with foreign central banks to
reestablish temporary dollar swap facilities and announced that,
starting Thursday, it would disclose information weekly on use
of the swap lines by each of the counterparty central banks.
www.federalreserve.gov/newsevents/press/monetary/20100511a.htm
May 11, 2010 - The Federal Reserve Board on Tuesday announced
the execution of a Written Agreement by and between HNB
Corporation, Arkansas City, Kansas, a registered bank holding
company, and the Federal Reserve Bank of Kansas City.
www.federalreserve.gov/newsevents/press/enforcement/20100511b.htm
May 11, 2010 - The Federal Reserve Board on Tuesday announced
the execution of a Written Agreement by and between NCB
Financial, Las Vegas, Nevada, a registered bank holding company,
and the Federal Reserve Bank of San Francisco.
www.federalreserve.gov/newsevents/press/enforcement/20100511a.htm
May 10, 2010 - Relief Law Center (AKA USA Loan Auditors):
Deceptive Correspondence Regarding Mortgages Held by National
Bank Consumers - Notices sent by a nongovernment entity to
homeowners contain false allegations that their bank is being
investigated for predatory lending and lead them to believe they
can lose their homes.
http://www.occ.treas.gov/ftp/alert/2010-7.html
May 10, 2010 - President James Bullard Addresses Shortcomings in
Current Regulatory Reform Proposals.
www.stlouisfed.org/newsroom/displayNews.cfm?article=677
May 10, 2010 - Reports to the Congress - Annual Report: Budget
Review, 2010 - Reports on the current budgeted expenses of the
Board of Governors and the Federal Reserve Banks. The previous
year's income and expenses are also discussed. Describes the
budgeting process for the Board and Banks and shows trends in
expenses and employment.
www.federalreserve.gov/boarddocs/rptcongress/budgetrev/br10.pdf
May 10, 2010 - The Federal Reserve Board has authorized up to
five small-value offerings of term deposits under the Term
Deposit Facility (TDF) to be conducted in coming months. The
Board had indicated in its announcement on April 30 that it
anticipated conducting such small-value offerings. These
small-value offerings are designed to ensure the effectiveness
of TDF operations and to provide eligible institutions with an
opportunity to gain familiarity with term deposit procedures.
www.federalreserve.gov/newsevents/press/monetary/20100510b.htm
May 10, 2010 - The Federal Open Market Committee has authorized
re-establishment of its temporary U.S. dollar liquidity swap
arrangement with the Bank of Japan. This arrangement is similar
to the arrangements announced yesterday with the Bank of
England, the European Central Bank, and the Swiss National Bank
in that it will provide the Bank of Japan with the capacity to
conduct tenders of U.S. dollars at fixed rates for the full
allotment.
www.federalreserve.gov/newsevents/press/monetary/20100510a.htm
May 10, 2010 - The Federal Reserve Board on Monday announced the
execution of a Written Agreement by and between Advantage
Bancorp, Inc., Loveland, Colorado, a registered bank holding
company, and the Federal Reserve Bank of Kansas City.
www.federalreserve.gov/newsevents/press/enforcement/20100510b.htm
May 10, 2010 - The Federal Reserve Board on Monday announced the
execution of a Written Agreement by and between Farmers
Bancorporation, Inc., Buhl, Idaho, a registered bank holding
company, and the Federal Reserve Bank of San Francisco.
www.federalreserve.gov/newsevents/press/enforcement/20100510a.htm
May 9, 2010 - In response to the re-emergence of strains in U.S.
dollar short-term funding markets in Europe, the Bank of Canada,
the Bank of England, the European Central Bank, the Federal
Reserve, and the Swiss National Bank are announcing the
re-establishment of temporary U.S. dollar liquidity swap
facilities.
www.federalreserve.gov/newsevents/press/monetary/20100509a.htm
May 8, 2010 - Chairman Ben S. Bernanke - The Economics of
Happiness - At the University of South Carolina Commencement
Ceremony, Columbia, South Carolina.
www.federalreserve.gov/newsevents/speech/bernanke20100508a.htm
May 7, 2010 - Greenspan Speaks at Banking Conference - Former
Fed Chairman Alan Greenspan spoke on May 7 at the Chicago Fed's
46th Annual Bank Structure conference.
www.chicagofed.org/webpages/utilities/newsroom/news_releases/2010/05.07_greenspan_speech_release.cfm
May 7, 2010 - City National Bank, Los Angeles, California,
Assumes All of the Deposits of 1st Pacific Bank of California,
San Diego, California - 1st Pacific Bank of California, San
Diego, California, was closed today by the California Department
of Financial Institutions, which appointed the Federal Deposit
Insurance Corporation as receiver. To protect the depositors,
the FDIC entered into a purchase and assumption agreement with
City National Bank, Los Angeles, California, to assume all of
the deposits of 1st Pacific Bank of California.
www.fdic.gov/news/news/press/2010/pr10109.html
May 7, 2010 - Commerce Bank of Arizona, Tucson, Arizona, Assumes
All of the Deposits of Towne Bank of Arizona, Mesa, Arizona -
Towne Bank of Arizona, Mesa, Arizona, was closed today by the
Arizona Department of Financial Institutions, which appointed
the Federal Deposit Insurance Corporation as receiver. To
protect the depositors, the FDIC entered into a purchase and
assumption agreement with Commerce Bank of Arizona, Tucson,
Arizona, to assume all of the deposits of Towne Bank of Arizona.
www.fdic.gov/news/news/press/2010/pr10108.html
May 7, 2010 - Prinsbank, Prinsburg, Minnesota, Assumes All of
the Deposits of Access Bank, Champlin, Minnesota - Access Bank,
Champlin, Minnesota, was closed today by the Minnesota
Department of Commerce, which appointed the Federal Deposit
Insurance Corporation as receiver. To protect the depositors,
the FDIC entered into a purchase and assumption agreement with
PrinsBank, Prinsburg, Minnesota, to assume all of the deposits
of Access Bank.
www.fdic.gov/news/news/press/2010/pr10107.html
May 7, 2010 - First Federal Bank of Florida, Lake City, Florida,
Assumes All of the Deposits of The Bank of Bonifay, Bonifay,
Florida - The Bank of Bonifay, Bonifay, Florida, was closed
today by the Florida Office of Financial Regulation, which
appointed the Federal Deposit Insurance Corporation as receiver.
To protect the depositors, the FDIC entered into a purchase and
assumption agreement with First Federal Bank of Florida, Lake
City, Florida, to assume all of the deposits of The Bank of
Bonifay.
www.fdic.gov/news/news/press/2010/pr10106.html
May 7, 2010 - NCUA Issues Prohibition Orders - Alexandria, Va.,
May 7, 2010 - The National Credit Union Administration Board has
issued orders prohibiting the following individuals from
participating in the affairs of any federally insured financial
institution.
www.ncua.gov/news/press_releases/2010/MR10-0507ProhibitionOrders.pdf
May 7, 2010 - St. Louis Fed President James Bullard Will Speak
at Tennessee's "A Day with the Commissioner" Event.
www.stlouisfed.org/newsroom/displayNews.cfm?article=676
May 7, 2010 - Lapse of FEMA Authority to Issue Flood Insurance
Policies - The authority of the Federal Emergency Management
Agency (FEMA) to issue flood insurance policies under the
National Flood Insurance Program lapsed between March 28 and
April 16, 2010. The attached guidance provides information for
institutions about their continuing responsibilities during such
lapse periods.
www.fdic.gov/news/news/financial/2010/fil10023.html
May 7, 2010 - 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/2010/pr10105.html
May 7, 2010 - FDIC Seeks Public Comment on Templates for Safe,
Low-cost Transactional and Basic Savings Accounts The Federal
Deposit Insurance Corporation is seeking public comment on
templates describing potential features for safe, low-cost
transactional and basic savings account products for low- and
moderate-income consumers.
www.fdic.gov/news/news/press/2010/pr10104.html
May 7, 2010 - Statistical Release - G.19 Consumer Credit -
Consumer credit increased at an annual rate of 1 percent in
March 2010. Revolving credit decreased at an annual rate of
4-1/2 percent, and nonrevolving credit increased at an annual
rate of 4 percent.
www.federalreserve.gov/releases/g19/current/g19.htm
May 7, 2010 - Credit and Liquidity Programs and the Balance
Sheet - Recent balance sheet trends, weekly chart data update.
www.federalreserve.gov/monetarypolicy/bst_recenttrends.htm
May 7, 2010 - The Federal Reserve Board on Friday announced the
execution of a Written Agreement by and between, Bank of
Commerce Holdings, Inc., Sarasota, Florida, a registered bank
holding company, and the Federal Reserve Bank of Atlanta.
www.federalreserve.gov/newsevents/press/enforcement/20100507b.htm
May 7, 2010 - The Federal Reserve Board on Friday announced the
execution of a Written Agreement by and between The South
Financial Group, Greenville, South Carolina, a registered bank
holding company, and the Federal Reserve Bank of Richmond.
www.federalreserve.gov/newsevents/press/enforcement/20100507a.htm
_______________________
May 6, 2010 - St. Louis Fed's Bullard Addresses Strength of U.S.
Economic Recovery and State of Regulatory Reform - In remarks
today to the Century Club at Washington University's Olin
Business School, St. Louis Fed President James Bullard discussed
the strengthening U.S. economy and the need for regulatory
reform that enhances the Fed's regulatory authority and its
ability to remain independent from politics.
www.stlouisfed.org/newsroom/displayNews.cfm?article=674
May 6, 2010 - Output Gaps - Michael T. Kiley - What is the
output gap? There are many definitions in the economics
literature, all of which have a long history. I discuss three
alternatives: the deviation of output from its long-run
stochastic trend (i.e., the "Beveridge-Nelson cycle"); the
deviation of output from the level consistent with current
technologies and normal utilization of capital and labor input
(i.e., the "production-function approa ch"); and the deviation
of output from "flexible-price" output (i.e., its "natural
rate").
www.federalreserve.gov/pubs/feds/2010/201027/index.html
May 6, 2010 - How Has the Monetary Transmission Mechanism
Evolved Over Time? - Jean Boivin, Michael T. Kiley, and Frederic
S. Mishkin - We discuss the evolution in macroeconomic thought
on the monetary policy transmission mechanism and present
related empirical evidence.
www.federalreserve.gov/pubs/feds/2010/201026/index.html
May 6, 2010 - Chairman Ben S. Bernanke - The Supervisory Capital
Assessment Program--One Year Later - At the Federal Reserve Bank
of Chicago 46th Annual Conference on Bank Structure and
Competition, Chicago, Illinois.
www.federalreserve.gov/newsevents/speech/bernanke20100506a.htm
May 6, 2010 - The Federal Reserve Board on Thursday announced
the termination of the enforcement action listed below. Sumitomo
Mitsui Banking Corporation, Tokyo, Japan. Sumitomo Mitsui
Banking Corporation New York Branch, New York, New York Written
Agreement dated January 22, 2007 Terminated May 6, 2010.
www.federalreserve.gov/newsevents/press/enforcement/20100506b.htm
May 6, 2010 - The Federal Reserve Board on Thursday announced
the execution of a Written Agreement by and among AliKat
Investments, Inc., Gurnee, Illinois, a registered bank holding
company, Northside Community Bank, Gurnee, Illinois, a state
chartered member bank, the Federal Reserve Bank of Chicago, and
the Illinois Department of Financial and Professional
Regulation, Division of Banking.
www.federalreserve.gov/newsevents/press/enforcement/20100506a.htm
May 5, 2010 - 2009 Annual Report Online - In the wake of the
financial crisis, the essay in this year's annual report offers
a look at how art and science each have an important role to
play in a healthy risk management process.
www.chicagofed.org/digital_assets/publications/annual_report/2009_annual_report.pdf
May 5, 2010 - St. Louis Fed Joins UMSL, Local Financial
Institution Volunteers To Help "Teach Children To Save."
www.stlouisfed.org/newsroom/displayNews.cfm?article=673
May 5, 2010 - The Federal Reserve Board on Wednesday announced
the execution of a Written Agreement by and among Legacy
Bancorp, Inc., Milwaukee, Wisconsin, a registered bank holding
company, Legacy Bank, Milwaukee, Wisconsin, a state chartered
member bank, the Federal Reserve Bank of Chicago, and the State
of Wisconsin Department of Financial Institutions.
www.federalreserve.gov/newsevents/press/enforcement/20100505b.htm
May 5, 2010 - The Federal Reserve Board on Wednesday announced
the execution of a Written Agreement by and among Tower
Financial Corporation, Fort Wayne, Indiana, a registered bank
holding company, Tower Bank & Trust Company, Fort Wayne,
Indiana, a state chartered member bank, the Federal Reserve Bank
of Chicago, and the Indiana Department of Financial
Institutions.
www.federalreserve.gov/newsevents/press/enforcement/20100505a.htm
May 4, 2010 - Concentrations: Final Guidance: Interagency
Guidance on Correspondent Concentration Risks - Guidance for
financial institutions to identify, monitor, and manage credit
and funding concentrations to other institutions and to take
into account exposures to the correspondents' affiliates.
www.occ.treas.gov/ftp/bulletin/2010-16.html
May 4, 2010 - Bryan Jordan Appointed to Federal Advisory Council
- The board of directors of the Federal Reserve Bank of St.
Louis has appointed Bryan Jordan, president and CEO of First
Horizon National Corp. in Memphis, Tenn., to serve on the
Federal Advisory Council for the unexpired portion of a one-year
term that ends on Dec. 31, 2010.
www.stlouisfed.org/newsroom/displayNews.cfm?article=672
May 4, 2010 - SFG Bank Assets - Winning Bidder Announced - The
Federal Deposit Insurance Corporation has signed a bid
confirmation letter to sell a 40 percent equity interest in a
limited liability company created to hold assets of SFG, a
subsidiary of Silverton Bank, Atlanta, Georgia, to Square Mile
Capital Management LLC. The FDIC will initially hold the
remaining 60 percent equity interest in the LLC.
www.fdic.gov/news/news/press/2010/pr10103.html
May 4, 2010 - The Financial Crimes Enforcement Network and the
Federal Deposit Insurance Corporation Assess Civil Money
Penalties Against Eurobank - The Financial Crimes Enforcement
Network and the Federal Deposit Insurance Corporation today
announced the assessment of concurrent civil money penalties of
$25,000 against Eurobank, San Juan, Puerto Rico, for violating
the Bank Secrecy Act and similar rules under Title 12 of the
United States Code. Eurobank, without admitting or denying the
allegations, consented to payment of the civil money penalties,
which was satisfied by a single payment of $25,000 to the U.S.
Department of the Treasury.
www.fdic.gov/news/news/press/2010/pr10102.html
May 4, 2010 - The Federal Reserve Board on Tuesday announced the
execution of a Written Agreement by and among The Northwestern
Bank, Chippewa Falls, Wisconsin, a state chartered member bank,
the Federal Reserve Bank of Minneapolis, and the State of
Wisconsin Department of Financial Institutions.
www.federalreserve.gov/newsevents/press/enforcement/20100504a.htm
May 3, 2010 - NCUA - St. Paul's Croatian Federal Credit Union
Closes - Member Accounts are Safe and Federally Insured - The
National Credit Union Administration (NCUA) last night
liquidated St. Paul's Croatian Federal Credit Union of Eastlake,
Ohio. The credit union had been placed into conservatorship by
NCUA on April 23, 2010.
www.ncua.gov/news/press_releases/2010/MA10-0501StPaulsCroatianFCUCloses.pdf
May 3, 2010 - Comptroller of the Currency Hosts Community Bank
Directors Workshops in Boston - The Office of the Comptroller of
the Currency will host workshops for directors of nationally
chartered community banks in Boston, at the Hyatt Regency
Boston, June 15-16, 2010.
www.occ.treas.gov/ftp/release/2010-53.htm
May 3, 2010 - Regulatory Relief - Guidance to Help Financial
Institutions and Facilitate Recovery in Areas of Mississippi
Affected by Severe Storms, Tornadoes and Flooding The FDIC has
announced a series of steps intended to provide regulatory
relief to financial institutions and facilitate recovery in
areas of Mississippi affected by severe storms, tornadoes and
flooding.
www.fdic.gov/news/news/financial/2010/fil10019.html
May 3, 2010 - Surveys and Reports - The April 2010 Senior Loan
Officer Opinion Survey - The April 2010 Senior Loan Officer
Opinion Survey on Bank Lending Practices addressed changes in
the supply of, and demand for, bank loans to businesses and
households over the past three months. The survey included three
sets of special questions. The first set asked banks about
lending policies regarding business credit card accounts for use
by small firms.
www.federalreserve.gov/boarddocs/SnLoanSurvey/201005/default.htm
May 3, 2010 - The Federal Reserve Board on Monday announced the
execution of a Written Agreement by and among Paradise Bank,
Boca Raton, Florida, a state chartered member bank, the Federal
Reserve Bank of Atlanta, and the State of Florida Office of
Financial Regulation.
www.federalreserve.gov/newsevents/press/enforcement/20100503b.htm
May 3, 2010 - The Federal Reserve Board on Monday announced the
execution of a Written Agreement by and among Lake County Bank,
Saint Ignatius, Montana, a state chartered member bank, the
Federal Reserve Bank of Minneapolis, and the Montana Division of
Banking and Financial Institutions.
www.federalreserve.gov/newsevents/press/enforcement/20100503a.htm
May 1, 2010 - Governor Elizabeth A. Duke - At the Consumer
Credit Counseling Services of Delaware Valley Financially Hers
Program, Philadelphia, Pennsylvania.
www.federalreserve.gov/newsevents/speech/duke20100501a.htm |
