February 17, 2012 - OCC Enforcement Actions - The Office of the Comptroller of the Currency (OCC) today released new enforcement actions taken against national banks, federal savings associations, and individuals currently and formerly affiliated with national banks and federal savings associations. http://www.occ.treas.gov/news-issuances/news-releases/2012/nr-occ-2012-28.html

February 16, 2012 - Midwest Farmland Values Show Biggest Increase Since 1976 - Latest AgLetter reports farmland values for 2011 increased 22 percent from the previous year in the Seventh Federal Reserve District. www.chicagofed.org/digital_assets/publications/agletter/2010_2014/february_2012.pdf

February 16, 2012 - Steven B. Kamin, Director, Division of International Finance - The European Financial Situation - Before the Committee on Banking, Housing, and Urban Affairs, U.S. Senate, Washington, D.C. www.federalreserve.gov/newsevents/testimony/kamin20120216a.htm 

February 16, 2012 - Chairman Ben S. Bernanke - Community Banking - At the Future of Community Banking Conference, sponsored by the Federal Deposit Insurance Corporation, Arlington, Virginia.  www.federalreserve.gov/newsevents/speech/bernanke20120216a.htm

February 16, 2012 - NCUA - NCUSIF Earns Clean Audit for 2011 - The National Credit Union Administration today released 2011 audited financial reports for the agency’s four permanent funds. All four funds received unqualified or “clean” audit opinions, including the National Credit Union Share Insurance Fund that protects deposits up to $250,000 for more than 91 million consumers at federally insured credit unions. www.ncua.gov/News/Pages/NW20120216Audit.aspx

February 15, 2012 - Office of the Comptroller of the Currency Promotes National Consumer Protection Week - The Office of the Comptroller of the Currency (OCC) promoted awareness of consumer protection resources during today’s National Consumer Protection Week event on Capitol Hill. www.occ.gov/news-issuances/news-releases/2012/nr-occ-2011-26.html

February 15, 2012 - OCC Issues Monthly Cost of Funds Reports for December - The Office of the Comptroller of the Currency today issued the monthly Cost of Funds reports (current and historical), which provide information about funding costs, as of December 31, 2011, for institutions formerly regulated by the Office of Thrift Supervision.  www.occ.gov/news-issuances/news-releases/2012/nr-occ-2012-24.html

February 15, 2012 - Kansas City Fed Announces Advisory Council Appointments - The Federal Reserve Bank of Kansas City recently announced three appointments to its Community Depository Institution Advisory Council. The council, which was established in 2011, provides input to the Bank and its senior management on the economy, lending conditions and other issues. www.kc.frb.org/publicat/newsroom/2012pdf/press.release.02.15.12.pdf 

February 15, 2012 - St. Louis Fed President James Bullard Will Speak at U.S. Monetary Policy Forum.  www.stlouisfed.org/newsroom/displayNews.cfm?article=1289

February 15, 2012 - Industrial production was unchanged in January, as a gain of 0.7 percent in manufacturing was offset by declines in mining and utilities. Within manufacturing, the index for motor vehicles and parts jumped 6.8 percent and the index for other manufacturing industries increased 0.3 percent. www.federalreserve.gov/releases/g17/current/

February 15, 2012 - Deadline to Request Review Under the Independent Foreclosure Review Extended to July 31 - People seeking a review of their mortgage foreclosures under the Federal banking agencies' Independent Foreclosure Review now have until July 31, 2012, to submit their requests.
Press Release: www.federalreserve.gov/newsevents/press/other/20120215a.htm
Press Release: www.occ.gov/news-issuances/news-releases/2012/nr-ia-2012-25.html

February 15, 2012 - The Federal Reserve Board and the Federal Open Market Committee on Wednesday released the attached minutes of the Committee meeting held on January 24-25, 2012. A summary of economic projections made by Federal Reserve Board members and Reserve Bank presidents for the January 24-25, 2012 meeting is also included as an addendum to these minutes. www.federalreserve.gov/newsevents/press/monetary/20120215a.htm

February 14, 2012 - Federal Reserve Board issues enforcement action with Commerce Bancshares.   www.federalreserve.gov/newsevents/press/enforcement/20120214a.htm

February 13, 2012 - Medicaid and the Elderly - In 2009, Medicaid spent over $75 billion on 5.3 million elderly beneficiaries. Economic Perspectives article describes the Medicaid rules for the elderly and discusses their economic implications. www.chicagofed.org/digital_assets/publications/economic_perspectives/2012/1Q2012_part2_denardi_french_jones_gooptu.pdf

February 13, 2012 - Consumption and the Great Recession - Economic Perspectives article addresses why the latest recession featured the most severe and persistent decline in aggregate consumption since WWII and why its recovery path has been so weak. www.chicagofed.org/digital_assets/publications/economic_perspectives/2012/1Q2012_part1_denardi_french_benson.pdf

February 13, 2012 - Is Intergenerational Economic Mobility Lower Now Than in the Past? - Understanding economic mobility and how prospects for today’s children may be affected by the recent economic downturn. www.chicagofed.org/digital_assets/publications/chicago_fed_letter/2012/cflapril2012_297.pdf

February 13, 2012 - St. Louis Fed Invites Entries for Spring 2012 National Economic Education Video Competition - The Federal Reserve Bank of St. Louis is sponsoring its fourth national economic education YouTube video competition. The Bank is seeking creative videos that will help it teach an important personal finance lesson to high school audiences. The theme for the contest is managing student loans. www.stlouisfed.org/newsroom/displayNews.cfm?article=1282

February 13, 2012 - Federal Open Market Committee - 2006 Greenbooks, Bluebooks, and Agendas.   www.federalreserve.gov/monetarypolicy/fomchistorical2006.htm

February 13, 2012 - Regulatory Reform - Communications with the public through February 13, 2012.   www.federalreserve.gov/newsevents/reform_meetings.htm

February 13, 2012 - The Hitchhiker's Guide to Missing Import Price Changes and Pass-Through - Etienne Gagnon, Benjamin R. Mandel, and Robert J. Vigfusson - A large body of empirical work has found that exchange rate movements have only modest effects on inflation. However, the response of an import price index to exchange rate movements may be underestimated because some import price changes are missed when constructing the index. www.federalreserve.gov/pubs/ifdp/2012/1040/ifdp1040.pdf 

February 13, 2012 - The Federal Reserve Board on Monday released the orders related to the previously announced monetary sanctions against five banking organizations for unsafe and unsound processes and practices in residential mortgage loan servicing and processing. The Board reached an agreement in principle with these organizations for monetary sanctions totaling $766.5 million on February 9, 2012. www.federalreserve.gov/newsevents/press/enforcement/20120213a.htm 

February 10, 2012 - Office of the Comptroller of the Currency Hosts Workshops in New Jersey - The Office of the Comptroller of the Currency will host workshops for directors of nationally chartered community banks and federal savings associations in New Brunswick, New Jersey, at the Hyatt Regency New Brunswick, March 27-28, 2012. www.occ.gov/news-issuances/news-releases/2012/nr-occ-2012-21.html

February 10, 2012 - First Merchants Bank, National Association, Muncie, Indiana, Assumes All of the Deposits of SCB Bank, Shelbyville, Indiana.   www.fdic.gov/news/news/press/2012/pr12018.html

February 10, 2012 - Barrington Bank & Trust Company, National Association, Barrington, Illinois, Assumes All of the Deposits of Charter National Bank and Trust, Hoffman Estates, Illinois.  www.fdic.gov/news/news/press/2012/pr12017.html.

February 10, 2012 - Credit and Liquidity Programs and the Balance Sheet - Recent balance sheet trends, weekly chart data update.   www.federalreserve.gov/monetarypolicy/bst_recenttrends.htm

February 10, 2012 - Reserve Bank Operations - Currency and Coin Services, 2011 data update.  www.federalreserve.gov/paymentsystems/coin_data.htm

February 10, 2012 - Chairman Ben S. Bernanke - Housing Markets in Transition - At the 2012 National Association of Homebuilders International Builders' Show, Orlando, Florida www.federalreserve.gov/newsevents/speech/bernanke20110210a.htm