Bank Regulatory News

September 2009

September 30, 2009 - Federal Reserve Bank of Minneapolis names Narayana Kocherlakota new president - Dr. Narayana Kocherlakota will become president and chief executive officer of the Federal Reserve Bank of Minneapolis effective Oct. 8, 2009. The announcement was made by Jim Hynes, chairman of the Board of Directors of the Federal Reserve Bank of Minneapolis. www.minneapolisfed.org/news_events/rel/2009/093009.cfm 

September 30, 2009 - Vice Chairman Donald L. Kohn - Central Bank Exit Policies - At the Cato Institute's Shadow Open Market Committee Meeting, Washington, D.C. www.federalreserve.gov/newsevents/speech/kohn20090930a.htm 

September 30, 2009 - Governor Daniel K. Tarullo - International cooperation to modernize financial regulation - Before the Subcommittee on Security and International Trade and Finance, Committee on Banking, Housing, and Urban Affairs, Washington, D.C. www.federalreserve.gov/newsevents/testimony/tarullo20090930a.htm 

September 30, 2009 - The 2008 HMDA Data - Robert B. Avery, Neil Bhutta, Kenneth P. Brevoort, Glenn B. Canner, and Christa N. Gibbs - The data that mortgage lending institutions reported for 2008 under the Home Mortgage Disclosure Act of 1975 reflect the ongoing difficulties in the housing and mortgage markets.  www.federalreserve.gov/pubs/bulletin/2009/pdf/hmda08draft.pdf 

September 30, 2009 - Prepaid Assessments - Notice of Proposed Rulemaking - On September 29, 2009, the FDIC adopted the attached Notice of Proposed Rulemaking, which would require insured depository institutions to prepay their quarterly risk-based assessments for the fourth quarter of 2009, and for all of 2010, 2011, and 2012, on December 30, 2009, along with each institution's risk-based deposit insurance assessment for the third quarter of 2009. Comments are due by October 28, 2009. www.fdic.gov/news/news/financial/2009/fil09058.html 

September 30, 2009 - Consolidated Reports of Condition and Income for Third Quarter 2009 - The attached materials pertain to the Consolidated Reports of Condition and Income for the September 30, 2009, report date. Please plan to complete the preparation, editing, and review of your bank's Call Report data and the submission of these data to the agencies' Central Data Repository as early as possible.  www.fdic.gov/news/news/financial/2009/fil09059.html 

September 30, 2009 - The Federal Financial Institutions Examination Council today announced the availability of data on mortgage lending transactions at 8,388 U.S. financial institutions covered by the Home Mortgage Disclosure Act. Covered institutions include banks, savings associations, credit unions, and mortgage companies. The HMDA data made available today cover 2008 lending activity--applications for loans, loan originations, loan denials, and purchases of loans. The data include 14.2 million applications and originations and 2.9 million purchases, for a total of 17.1 million actions. www.ffiec.gov/hmcrpr/hm093009.htm 

September 30, 2009 - OCC and OTS Release Mortgage Metrics Report for Second Quarter 2009 - Actions to keep Americans in their homes grew by almost 22 percent during the second quarter of 2009, according to a report released today by the Office of the Comptroller of the Currency and the Office of Thrift Supervision.
Press Release: www.occ.treas.gov/ftp/release/2009-118.htm 
Press Release: www.ots.treas.gov/?p=PressReleases&ContentRecord_id=077cd8e9-1e0b-8562-eb95-606fd1672a0a&ContentType_id=4c12f337-b5b6-4c87-b45c-838958422bf3 

September 30, 2009 - Midwest Manufacturing Output Decreased in August - Chicago Fed Midwest Manufacturing Index decreased 0.3% in August, to a seasonally adjusted level of 80.1. www.chicagofed.org/economic_research_and_data/files/cfmmi_august_2009.pdf 

September 30, 2009 - Work Force Adjustment Conference in Detroit - In a blog posting, Chicago Fed economist William Testa examines extraordinary challenges facing the Midwest auto belt. http://midwest.chicagofedblogs.org/archives/2009/09/auto_conference.html
 
September 29, 2009 - The Federal Reserve Board on Tuesday announced the execution of a Written Agreement by and between First Utah Bank, Salt Lake City, Utah, a state chartered member bank, and the Federal Reserve Bank of San Francisco.  www.federalreserve.gov/newsevents/press/enforcement/20090929a.htm 

September 29, 2009 - The Federal Reserve Board on Tuesday proposed rules amending Regulation Z to protect consumers who use credit cards from a number of potentially costly practices. www.federalreserve.gov/newsevents/press/bcreg/20090929a.htm 

September 29, 2009 - Banks Tapped to Bolster FDIC Resources - FDIC Board Approves Proposed Rule to Seek Prepayment of Assessments - The Board of Directors of the Federal Deposit Insurance Corporation today adopted a Notice of Proposed Rulemaking that would require insured institutions to prepay their estimated quarterly risk-based assessments for the fourth quarter of 2009 and for all of 2010, 2011 and 2012. The FDIC estimates that the total prepaid assessments collected would be approximately $45 billion. The FDIC Board also voted to adopt a uniform three-basis point increase in assessment rates effective on January 1, 2011, and extend the restoration period from seven to eight years. www.fdic.gov/news/news/press/2009/pr09178.html 

September 29, 2009 - Regulatory Relief Guidance to Help Financial Institutions and Facilitate Recovery in Areas of Georgia Affected by Severe Storms and Flooding - The FDIC has announced a series of steps intended to provide regulatory relief to financial institutions and facilitate recovery in areas of Georgia affected by recent severe storms and flooding. www.fdic.gov/news/news/financial/2009/fil09057.html 

September 29, 2009 - Joint Forum Final Release of Report on Special Purpose Entities - The Joint Forum today released the final version of its paper entitled Report on Special Purpose Entities. This paper serves two broad objectives. First, it provides background on the variety of special purpose entities found across the financial sectors, the motivations of market participants to make use of these structures, and risk management issues that arise from their use. Second, it suggests policy implications and issues for consideration by market participants and the supervisory community. www.occ.treas.gov/ftp/release/2009-116.htm 

September 29, 2009 - Comptroller Dugan Comments on Prepaid FDIC Assessment - Comptroller of the Currency John C. Dugan made the following statement at today's meeting of the Federal Deposit Insurance Corporation on a set of proposals that would raise funds for liquidity needs through a prepaid assessment: www.occ.treas.gov/ftp/release/2009-117.htm

September 28, 2009 - Legal Interpretation - Bank Holding Company Act, August 11, 2009 - Letter to Jon Macey granting temporary relief from the Board's regulatory reporting requirements for bank holding companies to CIT Group Inc., New York, New York. www.federalreserve.gov/boarddocs/legalint/BHC_ChangeInControl/2009/20090811.pdf 

September 28, 2009 - Statistical Release - G.20 Finance Companies.   www.federalreserve.gov/releases/g20/Current/ 

September 28, 2009 - Protecting Tenants at Foreclosure Act - On May 20, 2009, President Obama signed the Helping Families Save Their Homes Act of 2009, Public Law 111-22. Included in the public law is the Protecting Tenants at Foreclosure Act, which provides protections for tenants, including tenants in housing subsidized by Section 8 of the United States Housing Act of 1937, who are living in homes subject to foreclosure. www.fdic.gov/news/news/financial/2009/fil09056.html 

September 28, 2009 - Concentration Risks: Request for Comment on Proposed Interagency Guidance on Correspondent Concentration Risks - Proposed guidance outlines agencies' expectations for banks with respect to identifying, monitoring, and managing correspondent concentration risks, and due diligence on credit exposures between institutions. www.occ.treas.gov/ftp/bulletin/2009-31.html 

September 28, 2009 - NCUA - Clearstar Financial Credit Union Members Now Served by United Federal Credit Union Member Accounts are Safe and Federally Insured - The National Credit Union Administration today accepted appointment as liquidating agent of Clearstar Financial Credit Union, in Reno Nevada, following the Nevada Division of Financial Institution's decision to close the credit union effective September 25, 2009. www.ncua.gov/news/press_releases/2009/MR09-0928.htm 

September 28, 2009 - August Economic Activity Lower - Chicago Fed National Activity Index was -0.90 in August, down from -0.56 in July. www.chicagofed.org/economic_research_and_data/files/cfnai_september2009.pdf 

September 25, 2009 - The Federal Reserve Board on Friday announced the execution of a consent Cease and Desist Order by and among Bankers' Bancorp, Inc., a registered bank holding company, Independent Bankers' Bank, a state chartered member bank, both of Springfield, Illinois, the Federal Reserve Board, and the Illinois Department of Financial and Professional Regulation, Division of Banking. www.federalreserve.gov/newsevents/press/enforcement/20090925a.htm 

September 25, 2009 - Chairman Ben S. Bernanke - Brief Remarks - At the Congressional Black Caucus Foundation's Annual Legislative Conference, Washington, D.C. www.federalreserve.gov/newsevents/speech/bernanke20090925a.htm 

September 25, 2009 - Governor Kevin Warsh - Longer Days, Fewer Weekends - At the 12th Annual International Banking Conference, Chicago, Illinois.  www.federalreserve.gov/newsevents/speech/warsh20090925a.htm 

September 25, 2009 - Statistical Release - Household Debt Service and Financial Obligations Ratios - The household debt service ratio is an estimate of the ratio of debt payments to disposable personal income. Debt payments consist of the estimated required payments on outstanding mortgage and consumer debt. www.federalreserve.gov/releases/housedebt/default.htm 

September 25, 2009 - FDIC Makes Public August Enforcement Actions; One Administrative Hearing Scheduled for October - The Federal Deposit Insurance Corporation today released a list of orders of administrative enforcement actions taken against banks and individuals in August. One administrative hearing is scheduled for October. www.fdic.gov/news/news/press/2009/pr09176.html 

September 25, 2009 - First Citizens Bank and Trust Company, Incorporated, Columbia, South Carolina, Assumes All of the Deposits of Georgian Bank, Atlanta, Georgia - Georgian Bank, Atlanta, 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 First Citizens Bank and Trust Company, Inc., Columbia, South Carolina, to assume all of the deposits of Georgian Bank. www.fdic.gov/news/news/press/2009/pr09177.html 

September 25, 2009 - Proposed Correspondent Concentration Risks Guidance - Agencies Request Comment - The federal financial institution regulatory agencies are requesting comment on the attached proposed Correspondent Concentration Risks guidance. The proposed guidance addresses supervisory matters relating to identifying, monitoring, managing and performing appropriate due diligence of correspondent concentration risks. www.fdic.gov/news/news/financial/2009/fil09055.html 

September 25, 2009 - St. Louis Fed's Bullard Calls for the Development of Quantitative Rules for U.S. Monetary Policy That Could Be Implemented in the Current Environment - During a speech Friday in Zurich, Switzerland, St. Louis Fed President James Bullard called for a policy rule for the Federal Reserve's asset purchase program that is consistent with price stability and sustainable economic growth. www.stlouisfed.org/newsroom/displayNews.cfm?article=509 

September 25, 2009 - OCC Reports Second Quarter Bank Trading Revenue of $5.2 Billion - U.S. commercial banks reported trading revenues of $5.2 billion in the second quarter of 2009, compared to record revenues of $9.8 billion in the first quarter of 2009, the Office of the Comptroller of the Currency reported today in the OCC's Quarterly Report on Bank Trading and Derivatives Activities. www.occ.treas.gov/ftp/release/2009-114.htm 

September 25, 2009 - OCC Releases Consumer Advisory: "Reverse Mortgages: Are They for You?" - The Office of the Comptroller of the Currency today issued a consumer advisory to help consumers better understand reverse mortgages. Reverse mortgages generally are available to consumers who are 62 or older, and can be used to supplement retirement income or meet health care or other financial needs. www.occ.treas.gov/ftp/release/2009-115.htm 

September 25, 2009 - OTS Encourages Thrifts to Assist Customers Affected by Flooding in the Southeast - The Office of Thrift Supervision today urged thrifts in areas affected by flooding in the Southeast to consider all reasonable steps to meet customers' financial needs. Individuals affected by the flood may obtain additional information on available government relief. www.ots.treas.gov/?p=PressReleases&ContentRecord_id=f26e479f-1e0b-8562-eb4f-c685109aeb31&ContentType_id=4c12f337-b5b6-4c87-b45c-838958422bf3 

September 25, 2009 - NCUA Board Meeting Results for September 24, 2009.   www.ncua.gov/GenInfo/BoardandAction/Calendars/board_calendar/ag09-0924_results.aspx 

September 25, 2009 - NCUA - Nance Departs US Central; Francois Henriquez Named Interim CEO - NCUA today announced that the US Central Conservatorship Advisory Board voted to replace US Central Federal Credit Union Chief Executive Officer James Nance. During the difficult initial days of US Central's conservatorship, Nance provided critical management skills. www.ncua.gov/news/press_releases/2009/MR09-0925a.htm 

September 25, 2009 - What's the State of Private Equity? - Chicago Fed Letter examines the altered financial landscape for private equity. www.chicagofed.org/publications/fedletter/cfloctober2009_267b.pdf 

September 25, 2009 - September 25, 2009 - Scott G. Alvarez, General Counsel - Federal Reserve Transparency - Before the Committee on Financial Services, U.S. House of Representatives , Washington, D.C. Error! Hyperlink reference not valid. http://www.federalreserve.gov/newsevents/testimony/alvarez20090925a.htm 
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September 24, 2009 - The Federal Reserve Board on Thursday announced the execution of a Written Agreement by and among Capitol Bancorp, Ltd., Lansing, Michigan, Capitol Bancorp, Ltd.'s Second-Tier Bank Holding Companies, each of which is a registered bank holding company, and the Federal Reserve Bank of Chicago. www.federalreserve.gov/newsevents/press/enforcement/20090924a.htm 

September 24, 2009 - The Federal Reserve Board on Thursday announced the execution of a Written Agreement by and between First National Bancshares, Inc., Goodland, Kansas, a registered bank holding company, and the Federal Reserve Bank of Kansas City. www.federalreserve.gov/newsevents/press/enforcement/20090924b.htm 

September 24, 2009 - The Federal Reserve Board on Thursday announced the issuance of a consent Order of Assessment of a Civil Money Penalty against Compass Bank, Birmingham, Alabama, a state member bank. Compass Bank, without admitting to any allegations, consented to the issuance of the Order in connection with its alleged violations of the Board's regulations implementing the National Flood Insurance Act. www.federalreserve.gov/newsevents/press/enforcement/20090924c.htm 

September 24, 2009 - The Federal Reserve on Thursday announced schedules for operations under the Term Auction Facility and the Term Securities Lending Facility through January 2010 and other information related to those facilities. www.federalreserve.gov/newsevents/press/monetary/20090924a.htm 

September 24, 2009 - Credit Quality Declines in Annual Shared National Credits Review - Credit quality declined sharply for loan commitments of $20 million or more held by multiple federally supervised institutions, according to the 32nd annual review of Shared National Credits. www.federalreserve.gov/newsevents/press/bcreg/20090924a.htm 

September 24, 2009 - The Federal Reserve Board on Thursday issued a revision to Regulation S, which sets the rates and conditions under which a government agency must reimburse a financial institution for costs incurred in producing customer financial records under the Right to Financial Privacy Act. www.federalreserve.gov/newsevents/press/bcreg/20090924b.htm 

September 24, 2009 - Revised Interagency Examination Procedures for Regulation Z - The Task Force on Consumer Compliance of the Federal Financial Institutions Examination Council recently approved the attached interagency examination procedures for Regulation Z - Truth in Lending. These revised procedures replace the Regulation Z interagency examination procedures transmitted as part of CA 09-7. www.federalreserve.gov/boarddocs/caletters/2009/0909/caltr0909.htm 

September 24, 2009 - Credit Quality Declines in Annual Shared National Credits Review - Credit quality declined sharply for loan commitments of $20 million or more held by multiple federally supervised institutions, according to the 32nd annual review of Shared National Credits.
Press Release: www.fdic.gov/news/news/press/2009/pr09175.html 
Press Release: www.occ.treas.gov/ftp/release/2009-111.htm 
Press Release: www.ots.treas.gov/?p=PressReleases&ContentRecord_id=eca932a0-1e0b-8562-eb6b-192326d9e9d6&ContentType_id=4c12f337-b5b6-4c87-b45c-838958422bf3 

September 24, 2009 - September Burgundy Book Shows Weak-to-Mixed Conditions in the St. Louis Region - The September edition of the Burgundy Book, the Federal Reserve Bank of St. Louis' quarterly summary of detailed economic information and data for the St. Louis region, is now available. The St. Louis region covers 71 counties in eastern Missouri and 45 counties in southern Illinois. www.stlouisfed.org/newsroom/displayNews.cfm?article=505 

September 24, 2009 - September Burgundy Book Shows Mixed Economy in the Louisville Region - The September edition of the Burgundy Book, the Federal Reserve Bank of St. Louis' quarterly summary of detailed economic information and data for the Louisville region, is now available. The Louisville region covers 64 counties in western Kentucky and 24 counties in southern Indiana. www.stlouisfed.org/newsroom/displayNews.cfm?article=507 

September 24, 2009 - September Burgundy Book Shows Continued Weakening in the Memphis Regional Economy - The September edition of the Burgundy Book, the Federal Reserve Bank of St. Louis' quarterly summary of detailed economic information and data for the Memphis region, is now available. The Memphis region covers 21 counties in western Tennessee and 39 counties in northern Mississippi. www.stlouisfed.org/newsroom/displayNews.cfm?article=506 

September 24, 2009 - September Burgundy Book Shows Continued Stabilization in the Little Rock Regional Economy - The September edition of the Burgundy Book, the Federal Reserve Bank of St. Louis' quarterly summary of detailed economic information and data for the Arkansas region, is now available www.stlouisfed.org/newsroom/displayNews.cfm?article=508 

September 24, 2009 - Comptroller Dugan Defends Strong National Standards for Financial Providers - Comptroller of the Currency John C. Dugan said today that uniform national standards have proved to be a powerful engine for prosperity and growth, and urged Congress to strengthen federal consumer protection rules and ensure they are applied to all providers of the same financial products. www.occ.treas.gov/ftp/release/2009-112.htm 

September 24, 2009 - OCC Receives NASLEF Leadership Award - Today the National Association of State and Local Equity Funds presented its 2009 Leadership Award to the Office of the Comptroller of the Currency for its nationwide efforts to educate banks about the mechanics of Low-Income Housing Tax Credit investing. OCC's Deputy Comptroller for Community Affairs Barry R. Wides accepted the award on behalf of the agency. www.occ.treas.gov/ftp/release/2009-113.htm 

September 23, 2009 - The Federal Reserve Board on Wednesday announced the execution of a Written Agreement by and between Capital Community Bancorporation, Inc., Provo, Utah, a registered bank holding company, and the Federal Reserve Bank of San Francisco. www.federalreserve.gov/newsevents/press/enforcement/20090923a.htm 

September 23, 2009 - The Federal Reserve Board on Wednesday announced the execution of a Written Agreement by and among Community Bankshares, Inc., Cornelia, 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/20090923b.htm 

September 23, 2009 - The Federal Reserve Board on Wednesday announced the execution of a Written Agreement by and among Old Southern Bank, Orlando, 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/20090923c.htm 

September 23, 2009 - Information received since the Federal Open Market Committee met in August suggests that economic activity has picked up following its severe downturn. Conditions in financial markets have improved further, and activity in the housing sector has increased. Household spending seems to be stabilizing, but remains constrained by ongoing job losses, sluggish income growth, lower housing wealth, and tight credit. Businesses are still cutting back on fixed investment and staffing, though at a slower pace; they continue to make progress in bringing inventory stocks into better alignment with sales. www.federalreserve.gov/newsevents/press/monetary/20090923a.htm 

September 23, 2009 - FedFocus: How Does Kentucky Rank in Building and Protecting Assets of Its Citizens? - A forum for leaders in the field of economic and community development to discuss the challenges to building and sustaining assets faced by low-and moderate-income households in Kentucky. www.stlouisfed.org/newsroom/displayNews.cfm?article=504 

September 23, 2009 - Comptroller Dugan Testifies on Regulatory Reform - Comptroller of the Currency John C. Dugan testified today before the House Financial Services Committee on the Department of Treasury's proposal for regulatory reform. www.occ.treas.gov/ftp/release/2009-110.htm 

September 22, 2009 - The Federal Reserve Board on Tuesday announced the execution of a Written Agreement by and between AmericanWest Bancorporation, Spokane, Washington, a registered bank holding company, and the Federal Reserve Bank of San Francisco. www.federalreserve.gov/newsevents/press/enforcement/20090922a.htm 

September 22, 2009 - The Federal Reserve Board on Tuesday announced the execution of a Written Agreement by and between Northern Star Financial, Inc., Mankato, Minnesota, a registered bank holding company, and the Federal Reserve Bank of Minneapolis. www.federalreserve.gov/newsevents/press/enforcement/20090922b.htm 

September 22, 2009 - The Federal Reserve Board on Tuesday announced the execution of a consent Cease and Desist Order by and among Orion Bancorp, Inc., a registered bank holding company, Orion Bank, a state chartered member bank, both of Naples, Florida, the Federal Reserve Bank of Atlanta, and the State of Florida Office of Financial Regulation. www.federalreserve.gov/newsevents/press/enforcement/20090922c.htm
September 22, 2009 - On September 21, 2009, the Federal Reserve conducted an auction of $75 billion in 28-day credit through its Term Auction Facility. www.federalreserve.gov/newsevents/press/monetary/20090922a.htm 

September 22, 2009 - Payment Systems - Quarterly Check Services data through 2009:Q2. www.federalreserve.gov/paymentsystems/checkservices/checkquarterly.htm 

September 22, 2009 - 2009 CRA & HMDA Data - The free FFIEC CRA and HMDA Data Entry Software, version 2009 for CY 2009 data due March 1, 2010, is only available by DOWNLOAD from the FFIEC CRA and HMDA web sites. www.ffiec.gov/software/

September 21, 2009 - On September 21, 2009, the Federal Reserve will offer $75 billion in 28-day credit through its Term Auction Facility. Additional information regarding the auction is listed below; the auction will be conducted as specified in this announcement, Regulation A, and the terms and conditions of the Term Auction Facility. www.federalreserve.gov/newsevents/press/monetary/20090921a.htm 

September 21, 2009 - Comptroller of the Currency Hosts Community Bank Directors Workshops in St. Louis, Missouri - The Office of the Comptroller of the Currency will host a workshop for national community bank directors in St. Louis at the Hilton St. Louis at the Ballpark, November 2-4, 2009. www.occ.treas.gov/ftp/release/2009-109.htm 

September 21, 2009 - Licensing Manual Update, 2009 - The revised "Background Investigations" booklet of the Licensing Manual series removed a statement about sharing background investigations results and about a foreign certification form. www.occ.treas.gov/corpbook/group1/public/pdf/backgrnd.pdf 

September 18, 2009 - Statistical Release - E.2 Survey of Terms of Business Lending. www.federalreserve.gov/releases/e2/current/default.htm 

September 18, 2009 - Credit and Liquidity Programs and the Balance Sheet - Recent balance sheet trends, weekly chart data update. www.federalreserve.gov/monetarypolicy/bst_recenttrends.htm 

September 18, 2009 - Credit and Liquidity Programs and the Balance Sheet - September 2009 Report. www.federalreserve.gov/monetarypolicy/bst_reportsresources.htm 

September 18, 2009 -  FDIC Announces Members for the Advisory Committee on Community Banking - The Federal Deposit Insurance Corporation today announced the selection of 14 members for its Advisory Committee on Community Banking, which was established by the FDIC Board of Directors in May.  www.fdic.gov/news/news/press/2009/pr09173.html 

September 18, 2009 -  First Financial Bank, National Association, Hamilton, Ohio, Assumes All of the Deposits of Irwin Union Bank, F.S.B., Louisville, Kentucky, and Irwin Union Bank and Trust Company, Columbus, Indiana - Federal and state regulators today closed Irwin Union Bank, F.S.B., Louisville, Kentucky, and Irwin Union Bank and Trust Company, Columbus, Indiana, respectively. The institutions are banking subsidiaries of Irwin Financial Corporation, Columbus, Indiana. The regulators immediately named the Federal Deposit Insurance Corporation  as the receiver for the banks. To protect depositors, the FDIC entered into a purchase and assumption agreement with First Financial Bank, National Association, Hamilton, Ohio, to assume all of the deposits of the two banks. www.fdic.gov/news/news/press/2009/pr09174.html 

September 18, 2009 - 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/2009-108.htm 

September 18, 2009 - Regulatory Capital-FAS 166/167 and ABCP Conduits: Notice of Proposed Rulemaking - Proposed rule to address the effect on regulatory capital resulting from implementation of FASB's changes to standards regarding transfer of financial assets and consolidation of variable interest entities. www.occ.treas.gov/ftp/bulletin/2009-30.html 

September 18, 2009 - OTS Closes Irwin Union Bank FSB and Appoints FDIC Receiver - The Office of Thrift Supervision today closed Irwin Union Bank, FSB, of Louisville, Kentucky, and appointed the Federal Deposit Insurance Corporation as receiver. www.ots.treas.gov/?p=PressReleases&ContentRecord_id=ce801586-1e0b-8562-eb74-008cbaef72fe&ContentType_id=4c12f337-b5b6-4c87-b45c-838958422bf3  _________________________

September 17, 2009 - The Federal Reserve Board on Thursday announced the execution of a Written Agreement by and among Century Bank of Florida, Tampa, 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/20090917a.htm 

September 17, 2009 - The Federal Reserve Board on Thursday announced the approval of an application by Canadian Imperial Bank of Commerce, Toronto, Canada, to retain an agency in New York, New York. www.federalreserve.gov/newsevents/press/orders/20090917a.htm 

September 17, 2009 - Statistical Release - Z.1 Flow of Funds.  www.federalreserve.gov/releases/Z1/current/ 

September 17, 2009 - A Framework for Assessing the Systemic Risk of Major Financial Institutions - Xin Huang, Hao Zhou, and Haibin Zhu - In this paper we propose a framework for measuring and stress testing the systemic risk of a group of major financial institutions. The systemic risk is measured by the price of insurance against financial distress, which is based on ex ante measures of default probabilities of individual banks and forecasted asset return correlations. www.federalreserve.gov/pubs/feds/2009/200937/index.html 

September 17, 2009 - OCC Releases CRA Evaluations For 35 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 August 15, 2009 through September 14, 2009. The list contains only national banks and insured federal branches of foreign banks that have received ratings. The possible ratings are outstanding, satisfactory, needs to improve, and substantial noncompliance. www.occ.treas.gov/ftp/release/2009-107.htm 

September 16, 2009 - The Federal Reserve Board on Wednesday announced the execution of a consent Cease and Desist Order by and among Irwin Financial Corporation, a registered bank holding company, Irwin Union Bank and Trust Company, a state chartered member bank, both of Columbus, Indiana, the Federal Reserve Board, and the Indiana Department of Financial Institutions. www.federalreserve.gov/newsevents/press/enforcement/20090916a.htm 

September 16, 2009 - Industrial Production And Capacity Utilization - Industrial output rose 0.8 percent in August, following an upwardly revised increase of 1.0 percent in July. Production in manufacturing expanded 0.6 percent in August, and the index excluding motor vehicles and parts increased 0.4 percent. The gain in July for manufacturing was revised up 0.4 percentage point, to 1.4 percent; in addition, factory output for April through June is now somewhat less weak than reported previously. Production at mines moved up 0.5 percent in August. www.federalreserve.gov/releases/g17/Current/default.htm 

September 16, 2009 - Interest on Required Balances and Excess Balances - 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. The Board of Governors has prescribed rules governing the payment of interest by Federal Reserve Banks in Regulation D. www.federalreserve.gov/monetarypolicy/reqresbalances.htm 

September 16, 2009 - FDIC Launches Foreclosure Prevention Initiative - The Federal Deposit Insurance Corporation today announced that it is releasing a free tool kit of information that will help borrowers, community stakeholders and the banking industry avoid unnecessary foreclosures and stop foreclosure "rescue" scams that promise false hope to consumers at risk of losing their homes. www.fdic.gov/news/news/press/2009/pr09171.html 

September 16, 2009 - Legacy Loans Program - Winning Bidder Announced in Pilot Sale - The FDIC has signed a bid confirmation letter with Residential Credit Solutions, the winning bidder in a pilot sale of receivership assets that the FDIC is conducting to test the funding mechanism for the Legacy Loans Program. The pilot sale was conducted on a competitive bid basis, and final bids were received on Monday, August 31, 2009. www.fdic.gov/news/news/press/2009/pr09172.html 

September 15, 2009 - The Federal Reserve, under a policy announced Tuesday, will implement a consumer compliance supervision program in nonbank subsidiaries of bank holding companies and foreign banking organizations with activities covered by the consumer protection laws and regulations the Federal Reserve has the authority to enforce. The policy, which will take effect immediately, also provides for the investigation of consumer complaints against these nonbank entities. www.federalreserve.gov/newsevents/press/bcreg/20090915a.htm 

September 15, 2009 - CA Letter - Consumer Compliance Supervision Policy for Nonbank Subsidiaries of Bank Holding Companies and Foreign Banking Organizations.  www.federalreserve.gov/boarddocs/caletters/2009/0908/caltr0908.htm 

September 15, 2009 - Payment Systems - Quarterly Reserve Bank Payment Services: Fedwire and National Settlement Services data through 2009:Q2 - Annual and quarterly data are available on Fedwire transfers of funds and book-entry securities and on National Settlement Service transactions. The average daily volume and average daily value of transfers are based on the number of business days in each period. www.federalreserve.gov/paymentsystems/fedwire/wirequarterly.htm 

September 15, 2009 - Statistical Release - E.15 Agricultural Finance Databook.  www.federalreserve.gov/releases/e15/default_2009.htm 

September 15, 2009 - Comptroller of the Currency Hosts Community Bank Directors Workshops in Atlanta - The Office of the Comptroller of the Currency will host workshops for national community bank directors in Atlanta at the W Atlanta Perimeter Hotel, October 20-21, 2009. www.occ.treas.gov/ftp/release/2009-106.htm 

September 14, 2009 - The Federal Reserve Board on Monday announced the execution of a Written Agreement by and between FBOP Corporation, Oak Park, Illinois, a registered bank holding company, and the Federal Reserve Bank of Chicago. www.federalreserve.gov/newsevents/press/enforcement/20090914a.htm 

September 14, 2009 - The Federal Reserve Board on Monday announced the execution of a Written Agreement by and among Colorado Mountain Bank, Denver, 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/20090914b.htm 

September 14, 2009 - The Federal Reserve Board on Monday announced the designation of the chairs and deputy chairs of the twelve Federal Reserve Banks for 2010. www.federalreserve.gov/newsevents/press/other/20090914a.htm 

September 14, 2009 - Governor Elizabeth A. Duke - Regulatory Perspectives on the Changing Accounting Landscape - At the AICPA National Conference on Banks and Savings Institutions, Washington, D.C. www.federalreserve.gov/newsevents/speech/duke20090914a.htm 

September 14, 2009 - The Evolution of a Financial Crisis: Panic in the Asset-Backed Commercial Paper Market - Daniel M. Covitz, Nellie Liang, and Gustavo A. Suarez - The $350 billion contraction in the asset-backed commercial paper market in the last five months of 2007 played a central role in transforming concerns about the credit quality of mortgage-related assets into a global financial crisis. This paper attempts to better understand why the substantial contraction in ABCP occurred by measuring and analyzing runs on ABCP programs over the period from August 2007 through December 2007. www.federalreserve.gov/pubs/feds/2009/200936/index.html 

September 14, 2009 - Green Finance: Investing in Sustainable, Energy-Efficient Developments - A conference that will bring together leading experts in the field of green investment and development to demonstrate on how federal, state, and local polices, along with new "green" financial products, are providing investment opportunities in environmentally friendly and sustainable communities. www.stlouisfed.org/newsroom/displayNews.cfm?article=498 

September 14, 2009 - Release Schedule for the Kansas City Financial Stress Index.  www.kc.frb.org/pubaffrs/pressrel/2009pdf/press.release.09.20.pdf

September 14, 2009 - NCUA - Chairman Matz Statement on Corporate Capital - NCUA Chairman Deborah Matz issued the following statement today:   www.ncua.gov/news/press_releases/2009/MA09-0914.htm 

September 11, 2009 - OCC Appoints Receiver for Corus Bank, N.A. - The Office of the Comptroller of the Currency today appointed the Federal Deposit Insurance Corporation as receiver for Corus Bank, National Association, Chicago, Illinois. As of June 30, 2009, the bank had approximately $7 billion of total assets. www.occ.treas.gov/ftp/release/2009-105.htm 

September 11, 2009 - First-Citizens Bank & Trust Company, Raleigh, North Carolina, Assumes All of the Deposits of Venture Bank, Lacy, Washington - Venture Bank, Lacy, Washington, was closed today by the Washington 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 First-Citizens Bank & Trust Company, Raleigh, North Carolina, to assume all of the deposits of Venture Bank. www.fdic.gov/news/news/press/2009/pr09170.html 

September 11, 2009 - CorTrust Bank, National Association, Mitchell, South Dakota, Assumes All of the Deposits of Brickwell Community Bank, Woodbury, Minnesota - Brickwell Community Bank, Woodbury, 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 CorTrust Bank, N.A., Mitchell, South Dakota, to assume all of the deposits of Brickwell Community Bank. www.fdic.gov/news/news/press/2009/pr09169.html 

September 11, 2009 - MB Financial Bank, National Association, Chicago, Illinois, Assumes All of the Deposits of Corus Bank, National Association, Chicago, Illinois - Corus Bank, National Association, Chicago, Illinois, 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 MB Financial Bank, National Association, Chicago, Illinois, to assume all of the deposits of Corus Bank, N.A. www.fdic.gov/news/news/press/2009/pr09168.html 

September 11, 2009 - The Puzzling Peso - Carlos Arteta, Steven B. Kamin, and Justin Vitanza - In the past decade, some observers have noted an unusual aspect of the Mexican peso's behavior: During periods when the U.S. dollar has risen (fallen) against other major currencies such as the euro, the peso has risen (fallen) against the dollar. www.federalreserve.gov/pubs/ifdp/2009/976/ifdp976.htm 

September 11, 2009 - Decomposing the U.S. External Returns Differential - Stephanie Curcuru, Tomas Dvorka, and Francis E. Warnock - We decompose the returns differential between U.S. portfolio claims and liabilities into the composition, return, and timing effects. Our most striking and robust finding is that foreigners exhibit poor timing when reallocating between bonds and equities within their U.S. portfolios.  www.federalreserve.gov/pubs/ifdp/2009/977/ifdp977.htm 

September 11, 2009 - The Power of Long-Run Structural VARs - Christopher Gust and Robert Vigfusson - Are structural vector autoregressions useful for discriminating between macro models? Recent assessments of VARs have shown that these statistical methods have adequate size properties. www.federalreserve.gov/pubs/ifdp/2009/978/ifdp978.htm 

September 11, 2009 - Statistical Release - Minority-Owned Banks.   www.federalreserve.gov/releases/mob/current/default.htm 

September 11, 2009 - FDIC Encourages Loss-Share Partners to Provide Forbearance to Unemployed Borrowers - As part of its loss-share agreement with acquirers of failed FDIC-insured institutions, the FDIC is encouraging its loss-share partner institutions to consider temporarily reducing mortgage payments for borrowers who are unemployed or underemployed. www.fdic.gov/news/news/press/2009/pr09167.html 

September 11, 2009 - New Article Explores Slow Road Back for U.S. Livestock Industry www.kc.frb.org/pubaffrs/pressrel/2009pdf/press.release.09.19.pdf
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September 10, 2009 - The Federal Reserve Board on Thursday announced the execution of a Written Agreement by and among Tennessee State Bancshares, Inc., Pigeon Forge, Tennessee, a registered bank holding company, Tennessee State Bank, Pigeon Forge, Tennessee, a state member bank, and the Federal Reserve Bank of Atlanta. www.federalreserve.gov/newsevents/press/enforcement/20090910b.htm 

September 10, 2009 - The Federal Reserve Board on Thursday announced the execution of a Written Agreement by and between UCBH Holdings, Inc., San Francisco, California, a registered bank holding company, and the Federal Reserve Bank of San Francisco. www.federalreserve.gov/newsevents/press/enforcement/20090910a.htm 

September 10, 2009 - Vice Chairman Donald L. Kohn - Comments on "Interpreting the Unconventional U.S. Monetary Policy of 2007-2009" - At the Brookings Institution, Washington, D.C. www.federalreserve.gov/newsevents/speech/kohn20090910a.htm 

September 10, 2009 - St. Louis Fed Analysis: Bank Failures Linked to Just Four Factors - History shows that when a bank fails, the cause is inevitably linked to at least one of the same four factors that have sunk many a bank before. www.stlouisfed.org/newsroom/displayNews.cfm?article=496 

September 9, 2009 - On September 8, 2009, the Federal Reserve conducted an auction of $75 billion in 84-day credit through its Term Auction Facility. Following are the results of the auctionOn September 8, 2009, the Federal Reserve conducted an auction of $75 billion in 84-day credit through its Term Auction Facility. Following are the results of the auction.  www.federalreserve.gov/newsevents/press/monetary/20090909a.htm 

September 9, 2009 - Legal Developments - Section 19 Letters, May 22 to July 7, 2009 - Orders Issued under the Bank Merger Act, Federal Deposit Insurance Act, Federal Reserve Act, and International Banking Act, 2009.  www.federalreserve.gov/bankinforeg/legaldevelopments/ordersother2009.htm 

September 9, 2009 - Beige Book - Informal review by the Federal Reserve Banks of current economic conditions in their Districts.  www.federalreserve.gov/fomc/beigebook/2009/default.htm 

September 9, 2009 - FDIC Board Approves Phase Out of Temporary Liquidity Guarantee Program - Debt Guarantee Program to End October 31st - The Federal Deposit Insurance Corporation Board today adopted a Notice of Proposed Rulemaking that reaffirms the expiration of the debt guarantee component of the Temporary Liquidity Guarantee Program on October 31st, 2009. Under the NPR, the FDIC will seek comment on whether a temporary emergency facility should be left in place for six months after the expiration of the current program. www.fdic.gov/news/news/press/2009/pr09166.html 

September 9, 2009 - Alternatives for Effectively Concluding Debt Guarantee Program - Notice of Proposed Rulemaking - The FDIC is seeking comment on the attached Notice of Proposed Rulemaking (NPR) on two alternatives for phasing out the Debt Guarantee Program, a component of the FDIC's Temporary Liquidity Guarantee Program. Comments are due 15 days following publication of the NPR in the Federal Register. www.fdic.gov/news/news/financial/2009/fil09051.html 

September 9, 2009 - Elimination of Three Transfer Sublimit for Withdrawals from Savings Deposits - The Federal Deposit Insurance Corporation has published the attached final rule, which recognizes elimination of the monthly three transfer sublimit for certain types of withdrawals from the savings deposits of FDIC-supervised institutions. The overall six transfer limit on pre-authorized or automatic withdrawals will still exist.  www.fdic.gov/news/news/financial/2009/fil09052.html 

September 9, 2009 - FDIC Deposit Insurance Coverage - Final Rule - On September 9, 2009, the FDIC Board of Directors approved a rule to finalize: (1) the deposit insurance coverage regulations to reflect the extension of the temporary increase in the standard maximum deposit insurance amount to $250,000 through December 31, 2013, and (2) the 2008 interim rules regarding revocable trust accounts and mortgage servicing accounts. www.fdic.gov/news/news/financial/2009/fil09053.html

September 8, 2009 - The Federal Reserve Board on Tuesday announced the execution of a Written Agreement by and between Valley Bancorp, Inc., Brighton, Colorado, a registered bank holding company, and the Federal Reserve Bank of Kansas City. www.federalreserve.gov/newsevents/press/enforcement/20090908b.htm 

September 8, 2009 - The Federal Reserve Board on Tuesday announced the execution of a Written Agreement by and among Metro Financial Services, Inc., a registered bank holding company, Metro Bank of Dade County, a state chartered member bank, both of Miami, Florida, the Federal Reserve Bank of Atlanta, and the State of Florida, Office of Financial Regulation. www.federalreserve.gov/newsevents/press/enforcement/20090908a.htm 

September 8, 2009 - On September 8, 2009, the Federal Reserve will offer $75 billion in 84-day credit through its Term Auction Facility. Additional information regarding the auction is listed below; the auction will be conducted as specified in this announcement, Regulation A, and the terms and conditions of the Term Auction Facility.  www.federalreserve.gov/newsevents/press/monetary/20090908a.htm 

September 8, 2009 - The Federal Reserve Board on Tuesday released the minutes of its discount rate meetings from July 6 through August 10, 2009. www.federalreserve.gov/newsevents/press/monetary/20090908b.htm 

September 8, 2009 - Statistical Release - G.19 Consumer Credit - Consumer credit decreased at an annual rate of 10-1/2 percent in July 2009. Revolving credit decreased at an annual rate of 8 percent, and nonrevolving credit decreased at an annual rate of 11-3/4 percent. www.federalreserve.gov/releases/g19/current/ 

September 8, 2009 - Strategies for Success in Financial Education - Chicago Fed Letter explores initiatives that provide opportunities to increase financial literacy. www.chicagofed.org/publications/fedletter/cfloctober2009_267a.pdf

September 4, 2009 - Sunwest Bank, Tustin, California, Assumes All of the Deposits of First State Bank, Flagstaff, Arizona - First State Bank, Flagstaff, 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 Sunwest Bank, Tustin, California, to assume all of the deposits of First State Bank. www.fdic.gov/news/news/press/2009/pr09165.html 

September 4, 2009 - FDIC Approves the Payout of Insured Deposits of Platinum Community Bank, Rolling Meadows, Illinois - The Federal Deposit Insurance Corporation approved the payout of the insured deposits of Platinum Community Bank, Rolling Meadows, Illinois. The bank was closed today by the Office of Thrift Supervision, which appointed the FDIC as receiver. www.fdic.gov/news/news/press/2009/pr09164.html 

September 4, 2009 - Great Southern Bank, Springfield, Missouri, Assumes All of the Deposits of Vantus Bank, Sioux City, Iowa - Vantus Bank, Sioux City, Iowa, was closed today by the Office of Thrift Supervision, which appointed the Federal Deposit Insurance Corporation as receiver. To protect the depositors, the FDIC entered into a purchase and assumption agreement with Great Southern Bank, Springfield, Missouri, to assume all of the deposits of Vantus Bank. www.fdic.gov/news/news/press/2009/pr09163.html 

September 4, 2009 - MB Financial Bank, National Association, Chicago, Illinois, Assumes All of the Deposits of InBank, Oak Forest, Illinois -InBank, Oak Forest, Illinois, was closed today by the Illinois Department of Financial and 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 MB Financial Bank, National Association, Chicago, Illinois, to assume all of the deposits of InBank, except certain brokered deposits. www.fdic.gov/news/news/press/2009/pr09162.html 

September 4, 2009 - Great American Bank, De Soto, Kansas, Assumes All of the Deposits of First Bank of Kansas City, Kansas City, Missouri - First Bank of Kansas City, Kansas City, 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 Great American Bank, De Soto, Kansas, to assume all of the deposits of First Bank of Kansas City. www.fdic.gov/news/news/press/2009/pr09161.html

September 4, 2009 - FDIC Issues List of Banks Examined for CRA Compliance - e Federal Deposit Insurance Corporation today issued its list of state nonmember banks recently evaluated for compliance with the Community Reinvestment Act. The list covers evaluation ratings that the FDIC assigned to institutions in June 2009. The CRA is a 1977 law intended to encourage insured banks and thrifts to meet local credit needs, including those of low- and moderate-income neighborhoods, consistent with safe and sound operations. As part of the Financial Institutions Reform, Recovery, and Enforcement Act of 1989, Congress mandated the public disclosure of an evaluation and rating for each bank or thrift that undergoes a CRA examination on or after July 1, 1990. www.fdic.gov/news/news/press/2009/pr09160.html 

September 4, 2009 - Comptroller of the Currency Hosts Community Bank Directors Workshops in Dallas, Texas - The Office of the Comptroller of the Currency will host a workshop for new national community bank directors in Dallas at the Westin Park Central, October 5-7, 2009. www.occ.treas.gov/ftp/release/2009-104.htm 
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September 3, 2009 - The Federal Reserve Board on Thursday announced the execution of a Written Agreement by and among Nebraska Bankers' Bank, Lincoln, Nebraska, a state chartered member bank, the Federal Reserve Bank of Kansas City, and the Nebraska Department of Banking and Finance. www.federalreserve.gov/newsevents/press/enforcement/20090903a.htm 

September 3, 2009 - The Federal Reserve Board on Thursday announced the execution of a Written Agreement by and among Midwest Independent Bancshares, Inc., a registered bank holding company, Midwest Independent Bank, a state chartered member bank, both of Jefferson City, Missouri, and the Federal Reserve Bank of St. Louis, Missouri. www.federalreserve.gov/newsevents/press/enforcement/20090903b.htm 

September 3, 2009 - The Federal Reserve Board on Thursday announced the issuance of a consent Order of Assessment of a Civil Money Penalty against First Bank & Trust Company, Lebanon, Virginia, a state member bank. First Bank & Trust Company, without admitting to any allegations, consented to the issuance of the Order in connection with its alleged violations of the Board's regulations implementing the National Flood Insurance Act. www.federalreserve.gov/newsevents/press/enforcement/20090903c.htm 

September 3, 2009 - The Federal Reserve Board on Thursday announced the issuance of a consent Order of Assessment of a Civil Money Penalty against Union Bank and Trust Company, Bowling Green, Virginia, successor by merger with Bay Community Bank, Newport News, Virginia, a state member bank. Union Bank and Trust Company, without admitting to any allegations, consented to the issuance of the Order in connection with its alleged violations of the Board's regulations implementing the National Flood Insurance Act. www.federalreserve.gov/newsevents/press/enforcement/20090903e.htm 

September 2, 2009 - The Federal Reserve Board and the Federal Open Market Committee on Wednesday released the attached minutes of the Committee meeting held on August 11-12, 2009. www.federalreserve.gov/newsevents/press/monetary/20090902a.htm 

September 2, 2009 - Interest on Required Balances and Excess Balances - 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. The Board of Governors has prescribed rules governing the payment of interest by Federal Reserve Banks in Regulation D (Reserve Requirements of Depository Institutions, 12 CFR Part.  www.federalreserve.gov/monetarypolicy/reqresbalances.htm 

September 2, 2009 - OTS Seeks Judicial Appointment of Trustee and Receiver for Bradford Bank's Mutual Holding Companies - The Office of Thrift Supervision filed a petition today with the United States District Court for the District of Maryland seeking the appointment of a trustee and receiver for the two holding companies of Bradford Bank. www.ots.treas.gov/?p=PressReleases&ContentRecord_id=7c3b0fb2-1e0b-8562-eba6-2582cde2d77d&ContentType_id=4c12f337-b5b6-4c87-b45c-838958422bf3

September 1, 2009 - Statistical Release - G.5 Foreign Exchange Rates - The Table Below Shows The Average Rates Of Exchange In August 2009 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/ 

September 1, 2009 - St. Louis Fed Economist Christopher J. Neely to Discuss Economic Outlook and the Role of the Global Economy at Kentucky World Trade Day.  www.stlouisfed.org/newsroom/news_releases/newsrelease.cfm?ArticleID=75EDD7EE215AD9CCF28C13F590EFC902