bank to close this year
- April 28, 2017 - First NBC Bank, New Orleans, was closed today by the
Louisiana Office of Financial Institutions, which appointed the
Federal Deposit Insurance Corporation (FDIC) as receiver. To
protect the depositors, the FDIC entered into a purchase and
assumption agreement with Whitney Bank, Gulfport, Mississippi.
No depositor is losing money as a result of this transaction.
April 27, 2017 - Tracking Detroitís Economic Recovery After
Bankruptcy with a New Index By Scott A. Brave , Paul Traub -
This article presents evidence that Detroitís economy is doing
noticeably better than before the city filed for bankruptcy in
July 2013. In order to track the cityís economic recovery
following its bankruptcy, we use a new index that quantifies
Detroitís overall economic performance from 1998 to the present.
April 27, 2017 - Chicago Fed President Charles Evans discusses
the economy's performance in 2016.
April 27, 2017 - OCC Hosts Risk Governance and Compliance
Workshops in Oklahoma - The Office of the Comptroller of the
Currency will host two workshops in Oklahoma City at the Aloft
Oklahoma City Downtown-Bricktown, June 6-7, for directors of
national community banks and federal savings associations
supervised by the OCC.
April 26, 2017 - St. Louis Fedís Louisville Branch Helps Teach
Children to Save - The Louisville Branch of the Federal Reserve
Bank of St. Louis is proud to participate in Teach Children to
Save Day as part of Financial Literacy Month.
April 26, 2017 - Federal Reserve Board announces approval of
application by Community Bank System, Inc. - The Federal Reserve
Board on Wednesday announced its approval of the application
under section 3 of the Bank Holding Company Act of 1956 by
Community Bank System, Inc., DeWitt, New York, to acquire
Merchants Bancshares, Inc., South Burlington, Vermont.
April 25, 2017 - OCC Fines U.S. Bank National Association $15
Million for Bankruptcy Filing Violations - The Office of the
Comptroller of the Currency today assessed a $15 million civil
money penalty against U.S. Bank National Association for
bankruptcy filing violations.
April 25, 2017 - NCUA Grants Firefighters First a Federal
Charter - The National Credit Union Administration has granted a
federal charter and Share Insurance Fund coverage to
Firefighters First Federal Credit Union of Los Angeles.
April 25, 2017 - Notice of a Meeting under Expedited Procedures
- A closed meeting of the Board of Governors of the Federal
Reserve System was held at 10:00 AM on April 25, 2017. Matter
considered: Periodic Briefing and Discussion on Financial
Markets, Institutions, and Infrastructure.
April 24, 2017 - Chicago Fed National Activity Index - Index
points to slower economic growth in March - Led by slower growth
in employment-related indicators, the Chicago Fed National
Activity Index (CFNAI) moved down to +0.08 in March from +0.27
April 24, 2017 - OCC Hosts Mutual Savings Association Advisory
Committee Meeting May 9 - The Office of the Comptroller of the
Currency today announced it will host a public meeting of the
Mutual Savings Association Advisory Committee Tuesday, May 9,
2017, beginning at 8:30 a.m. Eastern Daylight Time.
April 24, 2017 - FDIC Advisory Committee on Economic Inclusion
to Meet This Week - The Federal Deposit Insurance Corporation
Advisory Committee on Economic Inclusion will meet on Thursday,
April 27 to discuss measures banks may consider to reach
underserved populations, such as collaborations with
community-based organizations; resources for affordable mortgage
lending; and new research that may be used to more effectively
target resources to promote broader access to bank branches in
April 24, 2017 - Notice of a Meeting under Expedited Procedures
- A closed meeting of the Board of Governors of the Federal
Reserve System was held at 11:15 AM on April 24, 2017. Matter
considered: Review and determination by the Board of Governors
of the advance and discount rates to be charged by the Federal
April 24, 2017 - Agencies announce Wells Fargo has remediated
resolution plan deficiencies - The Federal Deposit Insurance
Corporation and the Federal Reserve Board on Monday announced
that Wells Fargo had adequately remediated the deficiencies in
its 2015 resolution plan.
April 21, 2017 - Pipeline Risk in Leveraged Loan Syndication -
Max Bruche, Frederic Malherbe, and Ralf R. Meisenzahl.
April 21, 2017 - The Cyclical Behavior of Unemployment and Wages
under Information Frictions -
April 21, 2017 - Advance 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 10:00 a.m. on April 25, 2017. Matter to be considered:
Periodic Briefing and Discussion on Financial Markets,
Institutions, and Infrastructure.
April 21, 2017 - Credit and Liquidity Programs and the Balance
Sheet - Recent balance sheet trends, weekly chart update.
April 21, 2017 - Advisory Council - Record of the Meeting of the
Community Depository Institutions Advisory Council - Community
Depository Institutions Advisory Council - The Community
Depository Institutions Advisory Council was established in 2010
by the Board of Governors to provide input to the Board on the
economy, lending conditions, and other issues of interest to
community depository institutions.
Please don't hesitate to email me (email@example.com)
if you have any questions.
Have a great week,
R. Kinney Williams,
Certified Financial Examiner
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