July 27, 2017 - Chicago Fed National Activity Index - Index
points to a pickup in economic growth in June - Led by increases
in production-related indicators, the Chicago Fed National
Activity Index (CFNAI) moved up to +0.13 in June from –0.30 in
July 27, 2017 - Federal Reserve Board announces termination of
enforcement action with M&T Bank Corporation and Manufacturers &
Traders Trust Company.
July 26, 2017 - The Expansion of High School Choice in Chicago
Public Schools By Lisa Barrow , Lauren Sartain - Public school
choice in Chicago has been in existence for more than 30 years
and has noticeably expanded over the past 15 years.
July 26, 2017 - NCUA to Host Webinar on New Learning Management
Service - The National Credit Union Administration’s new
Learning Management Service is up and running, and the agency is
hosting a webinar to help credit unions learn about the
service’s training resources on regulatory, operational and
July 26, 2017 - FDIC Updates Affordable Mortgage Lending Guide
Information on State Housing Finance Agencies - The FDIC has
updated the Affordable Mortgage Lending Guide, Part II: State
Housing Finance Agencies to reflect the most up-to-date
information available about the mortgage programs offered
through state housing finance agencies.
July 26, 2017 - Update to the Risk Management Manual of
Examination Policies - The FDIC Risk Management Manual of
Examination Policies has been updated.
July 26, 2017 - Securities and Exchange Commission Rule Amended
to Shorten the Securities Transaction Settlement Cycle - The
Federal Deposit Insurance Corporation is issuing this
announcement to highlight actions that banks should take to
prepare for the change in the Securities Exchange Commission's
rule governing the securities settlement cycle for securities
transactions conducted by most broker-dealers.
July 26, 2017 - Notice of a Meeting under Expedited Procedures -
A closed meeting of the Board of Governors of the Federal
Reserve System was held at 1:00 p.m. on July 25, 2017 and
continued at 9:00 a.m. on July 26, 2017. Matter(s) considered:
Discussion of Monetary Policy Issues.
July 26, 2017 - Federal Reserve issues FOMC statement -
Information received since the Federal Open Market Committee met
in June indicates that the labor market has continued to
strengthen and that economic activity has been rising moderately
so far this year.
July 25, 2017 - NCUA - Board Re-Schedules September Meetings -
The National Credit Union Administration Board has re-scheduled
its September open and closed meetings to Thursday, Sept. 28,
beginning at 10 a.m. Eastern.
July 25, 2017 - Advanced Notice of a Meeting under Expedited
Procedures - A closed meeting of the Board of Governors of the
Federal Reserve System will be held under expedited procedures
at 2:00 p.m. on July 27, 2017. Matter(s) considered: Update on
Consumer and Community Matters.
July 24 2017 - Consumer Scam Alert: Fake Message Encourages
Individuals to Pay Fee to Access Funds - Recently, scam emails
claiming to be from the Federal Reserve Bank of St. Louis have
instructed recipients to use cross-border/international wire
transfers to pay a processing fee and, in return, receive
pending inheritance or compensation.
July 24, 2017 - William A. Rowe Named Chief Risk Officer - The
Office of the Comptroller of the Currency announced today that
William A. Rowe has been named its Chief Risk Officer, effective
July 24, 2017 - Consumer Scam Alert: Fake Message Encourages
Individuals to Pay Fee to Access Funds - The housing market
collapse affected millions of American families across the
country, but it hit black and Latino families especially hard
because so much of their wealth was tied up in housing,
according to analysis in the latest edition of the St. Louis
Fed’s Housing Market Perspectives report.
July 24, 2017 - Federal Reserve Board prohibits former foreign
exchange trader from participating in banking industry for
practices regarding FX pricing benchmarks - Michael Weston, a
former FX trader at Barclays Bank PLC, engaged in unsafe and
unsound practices by using electronic chat rooms to discuss the
coordination of trading around FX benchmark fixes and to
disclose confidential information of Barclays and its customers
to traders at other organizations.
July 24, 2017 - Federal Reserve commends efforts as Faster
Payments Task Force concludes - The Federal Reserve on Monday
announced the conclusion of the Faster Payments Task Force it
established in May 2015 to find ways to implement faster
payments in the United States.
July 21, 2017 - The Faster Payments Task Force - FINAL REPORT
PART TWO: A CALL TO ACTION - The Faster Payments Task Force is a
broad and inclusive group of stakeholders with representatives
from organizations across the payments community, including
financial institutions, nonbank payment providers, businesses
(merchants and corporates), consumer groups, federal and state
government agencies, regulators, standards bodies, industry
trade organizations, consultants, and academics.
July 21, 2017 - NCUA - Registration for Aug. 9 Stabilization
Fund Closure Plan Webinar Now Open - Registration is now open
for the National Credit Union Administration’s Aug. 9 webinar
discussing the agency’s proposed plan to close the Temporary
Corporate Credit Union Stabilization Fund.
July 21, 2017 - Improve Efficiency, Meet Future Challenges -
Regional Offices Will Consolidate; Staffing Will be Reorganized
- Greater efficiency, responsiveness, and cost-effectiveness are
goals of a long-range agency restructuring plan the National
Credit Union Administration Board announced today.
July 21, 2017 - OCC Enforcement Actions and Terminations for
July 2017 - The Office of the Comptroller of the Currency today
released new enforcement actions taken against national banks,
federal savings associations, and individuals currently and
formerly affiliated with national banks and federal savings
July 21, 2017 - Advanced Notice of a Meeting under Expedited
Procedures - A closed meeting of the Board of Governors of the
Federal Reserve System will be held un der expedited procedures
at 1:00 p.m. on July 25, 2017. Matter(s) considered: Discussion
of Monetary Policy Issues.
July 21, 2017 - Credit and Liquidity Programs and the Balance
Sheet - Recent balance sheet trends, weekly chart update.
July 21, 2017 - Commercial Bank Examination Manual Presents
examination objectives and procedures that Federal Reserve
System examiners follow in evaluating the safety and soundness
of state member banks. Intended as guidance for planning and
conducting bank examinations.
July 21, 2017 - Federal regulatory agencies announce
coordination of reviews for certain foreign funds under "Volcker
Rule" - Five federal financial regulatory agencies today
announced that they are coordinating their respective reviews of
the treatment of certain foreign funds under section 619 of the
Dodd-Frank Act, commonly known as the Volcker Rule, and the
agencies' implementing regulations.
July 20, 2017 - A New Era of Community Banking - By Michael
Austin , Marshall Eckblad , Courtney Markovich , Jacqunette
Murray , Wade Perry , Nick Strok , Terri Woodford - The 11th
annual Community Bankers Symposium, cosponsored by the Federal
Reserve Bank of Chicago, the Federal Deposit Insurance
Corporation, and the Office of the Comptroller of the Currency,
was held at the Chicago Fed on November 18, 2016. This article
summarizes key presentations and discussions at the event.
July 20, 2017 - NCUA - Board Proposes Closing Stabilization Fund
and Providing a Distribution in 2018 - Estimated Distribution
$600 Million to $800 Million; Normal Operating Level of Share
Insurance Fund Would Rise; Budget Review Projects $5.8 Million
Savings - The National Credit Union Administration Board held
its sixth open meeting of 2017 at the agency’s headquarters here
today and unanimously approved three items:
July 20, 2017 - Report to the Congress -
Government-Administered, General-Use Prepaid Cards, July 2017 -
The Board's annual report to the Congress on the use of
general-use prepaid cards in federal, state, and local
government-administered payment programs and on the interchange
fees and cardholder fees charged with respect to the use of
July 20, 2017 - Report to the Congress - Preserving Minority
Depository Institutions, July 2017 - This annual report to
Congress details the actions taken to fulfill requirements
outlined in section 308 of the Financial Institutions Reform,
Recovery, and Enforcement Act of 1989, as amended by the
July 19, 2017 - NCUA - June 2017 NCUA Board Meeting Video
Available - The video recording of the June 23, 2017, open
meeting of the National Credit Union Administration Board is now
available on the agency’s website.
July 19, 2017 - Acting Comptroller Discusses Responsible
Innovation and Granting National Bank Charters to Financial
Technology Companies - Acting Comptroller of the Currency Keith
A. Noreika today discussed responsible innovation during an
appearance before the Exchequer Club.
July 19, 2017 - Federal Reserve Board announces approval of
applications by Regions Bank - The Federal Reserve Board on
Wednesday announced its approval of the applications under
section 9 of the Federal Reserve Act by Regions Bank,
Birmingham, Alabama, to establish branches in Georgia, Indiana,
Missouri, Tennessee, and Texas.
July 19, 2017 - Federal banking agencies issue notice of
proposed rulemaking to exempt commercial real estate
transactions of $400,000 or less from appraisal requirements -
Responding to concerns about the time and cost associated with
completing real estate transactions, the Federal Reserve Board,
the Federal Deposit Insurance Corporation, and the Office of the
Comptroller of the Currency today issued a notice of proposed
rulemaking to raise the threshold for commercial real estate
transactions requiring an appraisal to $400,000.
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