February 17, 2017 - OCC Enforcement Actions and Terminations for
February 2017 - The Office of the Comptroller of the Currency
(OCC) today released new enforcement actions taken against
national banks, federal savings associations, and individuals
currently and formerly affiliated with national banks and
federal savings associations.
February 15, 2017 - Financial Audit: Federal Deposit Insurance
Corporation Funds' 2016 and 2015 Financial Statements.
February 16, 2017 - ICT Asset Prices: Marshaling Evidence into New Measures -
David Byrne and Carol Corrado - This paper is a companion to our recent paper,
"ICT Prices and ICT Services: What do they tell us about Productivity and
February 16, 2017 - Inter-firm Relationships and Asset Prices - Carlos Ramírez -
This paper proposes a novel link between the propagation of shocks within
production networks and asset prices.
February 16, 2017 - ICT Prices and ICT Services: What do they tell us about
Productivity and Technology? - David Byrne and Carol Corrado - This paper
reassesses the link between ICT prices, technology, and productivity.
February 16, 2017 - Complex-Task Biased Technological Change and the Labor
Market - Colin Caines, Florian Hoffman, and Gueorgui Kambourov - In this paper
we study the relationship between task complexity and the occupational wage- and
February 16, 2017 - The Anatomy of Financial Vulnerabilities and Crises - Seung
Jung Lee, Kelly E. Posenau, and Viktors Stebunovs - We extend the framework used
in Aikman, Kiley, Lee, Palumbo, and Warusawitharana (2015) that maps
vulnerabilities in the U.S. financial system to a broader set of advanced and
February 16, 2017 - Federal Reserve Board announces termination of enforcement
action with West Tennessee Bancshares and Bank of Bartlett
February 16, 2017 - Federal Reserve to offer seven-day term deposits on February
23 - The Federal Reserve plans to continue its previously announced periodic
testing of the Term Deposit Facility with one operation in February.
February 15, 2017 - Kansas City Fed Appoints Morhaus, Robbins to New Roles -
Kansas City Fed President Esther George recently announced the following officer
promotions, effective Feb. 1
February 15, 2017 - Statement Before House Committee on Agriculture By Nathan
Kauffman Assistant Vice President, Economist, and Omaha Branch Executive Federal
Reserve Bank of Kansas City Before the House Committee on Agriculture
February 15, 2017 - Statistical Release - Industrial Production and Capacity
Utilization - G.17 - Industrial production decreased 0.3 percent in January
following a 0.6 percent increase in December. In January, manufacturing output
moved up 0.2 percent, and mining output jumped 2.8 percent.
February 14, 2017 - The FDIC Makes Joining the Money Smart Alliance Program
Easier - The FDIC's Money Smart Alliance program is a network of financial
institutions, nonprofits, and governmental organizations that use the FDIC's
financial education curriculum to provide training to consumers, small
businesses, and others.
February 14, 2017 - Regulatory Relief - Guidance to Help Financial Institutions
and to Facilitate Recovery in Areas of Louisiana Affected by Severe Storms,
Tornadoes, and Straight-line Winds - The FDIC has announced a series of steps
intended to provide regulatory relief to financial institutions and to
facilitate recovery in areas of Louisiana affected by severe weather.
February 14, 2017 - Reports to the Congress - Monetary Policy Report - The
Federal Reserve Act requires the Federal Reserve Board to submit written reports
to Congress containing discussions of "the conduct of monetary policy and
economic developments and prospects for the future.
February 14, 2017 - Janet L. Yellen, Chair - Semiannual Monetary Policy Report
to the Congress - Before the Committee on Banking, Housing, and Urban Affairs,
U.S. Senate, Washington, D.C.
February 13, 2017 - Recent Declines in the Fed’s Longer-Run Economic Projections
By Jonas D. M. Fisher , Christopher Russo - This Chicago Fed Letter investigates
the evolution of longer-run economic projections made by participants of the
Federal Reserve’s monetary policy committee, the Federal Open Market Committee,
in its Summary of Economic Projections, and by the private sector.
February 13, 2017 - NCUA - First CDFI Certification Round Now Open - NCUA’s
Streamlined Application Process Aims to Certify More Credit Unions - Federally
insured low-income credit unions can now apply for certification as community
development financial institutions through the streamlined application process
developed by the National Credit Union Administration and the Community
Development Financial Institutions Fund.
February 13, 2017 - Kansas City Fed Appoints Community Depository Institutions
Advisory Council Members - The Federal Reserve Bank of Kansas City recently
announced the following appointments to its Community Depository Institutions
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
February 13, 2017 - Proposal for Comment - Proposal to approve under OMB
delegated authority the extension for three years, without revision, of the
following reports: FR 1378, FR 3073, FR 2226, and FR 3054 (a, b, c, & d)
February 13, 2017 - Legal Developments - Section 19 Letters, September 15,
October 4 (3 letters), October 13 (2 letters), and November 14, 2016.
February 13, 2017 - Notice of a Meeting under Expedited Procedures - A closed
meeting of the Board of Governors of the Federal Reserve System was held under
expedited procedures at 11:00 AM on February 13, 2017. Matter considered: Review
and determination by the Board of Governors of the advance and discount rates to
be charged by the Federal Reserve Banks.
February 11, 2017 - Stanley Fischer, Vice Chairman - "I'd Rather Have Bob Solow
Than an Econometric Model, But ..."
At the Warwick Economics Summit, Coventry, United Kingdom
February 10, 2017 - AgLetter : February 2017 By David Oppedahl - Agricultural
land values in the Seventh Federal Reserve District suffered a third consecutive
annual decrease, yet the 1 percent decrease for 2016 was smaller than the 3
percent declines for the previous two years. “Good” farmland values in the
fourth quarter of 2016 were down 1 percent from the third quarter, according to
192 survey respondents from District banks.
February 10, 2017 - NCUA - Melrose Credit Union Conserved - Member Deposits
Remain Protected to $250,000; Member Services Uninterrupted - The New York
State Department of Financial Services today took possession of Melrose Credit
Union, located in Briarwood, New York, and appointed the National Credit Union
Administration as conservator.
February 10, 2017 - Revised Scenarios Released for Stress Tests - The Office of
the Comptroller of the Currency today released revised economic scenarios for
use by certain financial institutions with total consolidated assets of more
than $10 billion for the 2017 stress tests.
February 10, 2017 - Hopkinsville, Ky., Banker Appointed Chair of St. Louis Fed
February 10, 2017 - St. Louis Fed Appoints Members of Banking Advisory Council.
February 10, 2017 - Bartlett, Tenn., Banker Appointed to St. Louis Fed Advisory
February 10, 2017 - Effingham, Ill., Banker Appointed to St. Louis Fed Advisory
February 10, 2017 - St. Louis Banker Appointed to St. Louis Fed Advisory Council.
February 10, 2017 - Clarksdale, Miss., Banker Appointed to St. Louis Fed
February 10, 2017 - FDIC Issues Revised Economic Scenarios for 2017 Stress
Testing - The Federal Deposit Insurance Corporation today released revised
economic scenarios for use by certain financial institutions with total
consolidated assets of more than $10 billion for the 2017 stress tests.
February 10, 2017 - To Build or to Buy? The Role of Local Information in Credit
Market Development - Teng Wang - Exploiting the heterogeneity in legal
constraints on local bank employees’ mobility, I show that access to local
information influences banks’ modes of expansion. Banks entering a new market
typically establish new branches directly when interbank labor mobility is less
restrictive but acquire incumbent branches otherwise.
February 10, 2017 - Federal Reserve Board issues revised macroeconomic scenarios
for its 2017 stress testing program to correct a data series error.
February 10, 2017 - Daniel K. Tarullo submits resignation as a member of the
Board of Governors, effective on or around April 5, 2017.
February 9, 2017 - OCC Allows National Banks and Federal Savings Associations
Affected by Severe Winter Weather in the Northeastern United States to Close.
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if you have any questions.
Have a great week,
R. Kinney Williams,
Certified Financial Examiner
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