Category: Business » Banking

Banking agencies issue joint report to Congress under the Economic Growth and Regulatory Paperwork Reduction Act of 1996

21 Mar 12:00 | Business

Banking agencies issue joint report to Congress under the Economic Growth and Regulatory Paperwork Reduction Act of 1996read more »

Federal Reserve System's Community Development Research Conference to focus on economic futures of kids and communities

21 Mar 10:00 | Business

Federal Reserve System's Community Development Research Conference to focus on economic futures of kids and communitiesread more »

Federal Reserve Board announces approval of application by Cathay General Bancorp

20 Mar 17:00 | Business

Federal Reserve Board announces approval of application by Cathay General Bancorpread more »

Federal Reserve Board's website has a new design

20 Mar 09:30 | Business

Federal Reserve Board's website has a new design read more »

G17: G.17 Data for February 2017 are now available

17 Mar 22:11 | Business

Industrial production and capacity utilization data for February 2017 are now available.Industrial production was unchanged in February following a 0.1 percent decrease in January. In February, manufacturing output moved up 0.5 percent for its sixth consecutive monthly increase. Mining output jumped 2.7 percent, but the index for utilities fell 5.7 percent, as continued unseasonably warm weather further reduced demand for heating. At 104.7 percent of its 2012 average, total industrial production in February was 0.3 percent above its level of a year earlier. Capacity utilization for the industrial sector declined 0.1 percentage point in February to 75.4 percent, a rate that is 4.5 percentage points below its long-run (1972-2016) average.read more »

G17: Seasonal Factors for auto and truck production have been revised

17 Mar 22:11 | Business

Seasonal factors for auto and truck production were revised back to January 1996 and extended through June 2018 on March 17, 2017. The revised factors for September 2016 through February 2017 were used in the G.17 release published on March 17, 2017, and the revised factors for earlier months will be incorporated into the production estimates at the time of the annual revision on March 31, 2017. The revised seasonal factors are based on production data through January 2017. The revised factors also correct an error in the number of holidays for January 2017, which had previously been understated. The seasonal factors will be revised again in March 2018.read more »

G17: G.17 Annual Revision to be released at noon (EDT) on March 31, 2017

17 Mar 22:11 | Business

The Federal Reserve Board plans to issue its annual revision to the index of industrial production (IP) and the related measures of capacity utilization at 12:00 noon (EDT) on March 31, 2017. New annual benchmark data for 2015 for manufacturing will be incorporated, as will other annual data, including information on the mining of metallic and nonmetallic minerals (except fuels). The updated IP indexes will include revisions to the monthly indicator (either product data or input data) and to seasonal factors for each industry. In addition, the estimation methods for some series may be changed. Any modifications to the methods for estimating the output of an industry will affect the index from 1972 to the present.Capacity and capacity utilization will be revised to incorporate data through the fourth quarter of 2016 from the U.S. Census Bureau's Quarterly Survey of Plant Capacity along with new data on capacity from the U.S. Geological Survey, the U.S. Department of Energy, and othread more »

Research First To Show Effectiveness Of Federal Reserve Emergency Lending 2007-09

17 Mar 13:04 | Business

This week, the Federal Reserve hiked interest rates for just the third time in nine years. While many Americans know the Fed for its role in making monetary policy, it serves another lesser-known but hugely important purpose: providing temporary, short-term funds to banks as a "lender of last resort."read more »

Mortgage Rates Hit Multi-Year Highs

17 Mar 10:05 | Business

Mortgage rates increased for a third consecutive week, with the benchmark 30-year fixed mortgage rate rising to 4.44 percent, according to Bankrate.com's weekly national survey. read more »

Federal Reserve Board announces approval of application by People's United Financial, Inc.

16 Mar 16:35 | Business

Federal Reserve Board announces approval of application by People's United Financial, Inc.read more »

Federal Reserve Board announces termination of enforcement action with Community Shores Bank Corporation

16 Mar 16:35 | Business

Federal Reserve Board announces termination of enforcement action with Community Shores Bank Corporationread more »

Federal Reserve Board approves action by the Board of Directors of the Federal Reserve Bank of Minneapolis

16 Mar 16:35 | Business

Federal Reserve Board approves action by the Board of Directors of the Federal Reserve Bank of Minneapolisread more »

Growth Forecast Unchanged Ahead Of Expected Rate Hike

16 Mar 10:05 | Business

Growth expectations for 2017 remain subject to both upside and downside risks from potential policy changes as the Federal Reserve considers raising interest rates for the second time in three months, according to the Fannie Mae Economic & Strategic Research (ESR) Group's March 2017 Economic and Housing Outlook.read more »

Federal Reserve Board approves action by the Boards of Directors of the Federal Reserve Banks of New York and St. Louis

15 Mar 21:21 | Business

Federal Reserve Board approves action by the Boards of Directors of the Federal Reserve Banks of New York and St. Louisread more »

Federal Reserve issues FOMC statement

15 Mar 14:35 | Business

Federal Reserve issues FOMC statementread more »

Federal Reserve Board and Federal Open Market Committee release economic projections from the March 14-15 FOMC meeting

15 Mar 14:35 | Business

Federal Reserve Board and Federal Open Market Committee release economic projections from the March 14-15 FOMC meetingread more »

Federal Reserve Board seeks to fine and prohibit two former managing directors at J.P. Morgan Securities (Asia Pacific) from employment in banking industry

10 Mar 2017 | Business

Federal Reserve Board seeks to fine and prohibit two former managing directors at J.P. Morgan Securities (Asia Pacific) from employment in banking industryread more »

Mortgage Rates Jump To Nearly 3-Year High

10 Mar 2017 | Business

Mortgage rates increased for a second week in a row, with the benchmark 30-year fixed mortgage rate rising to the highest level since April 2014 at 4.38 percent, according to Bankrate.com's weekly national survey.read more »

Z1: Z.1 release: 2016:Q4 data now available for the Financial Accounts of the United States

9 Mar 2017 | Business

This release incorporates several revisions, structural changes, and enhancements. Major changes are described in the "Release Highlights" section of the publication. These and other changes, such as code changes, are also described in the online Financial Accounts Guide (www.federalreserve.gov/apps/fof/). As of the September 16, 2016 Z.1 release, the file structure of the Z.1 release consists of a single Z.1 PDF, corresponding HTML tables, and single set of compressed CSV files with accompanying data dictionary text files. The compressed PRN files are no longer produced. Data are available for download through the Federal Reserve Data Download Program (DDP). Series that appear in published tables are available immediately. Underlying detail series are generally available for download within two business days of the Z.1 release. The next Z.1 release will be Thursday, June 8, 2017, at 12:00 noon.read more »

Federal Reserve Board issues enforcement action with Platte Valley Bank

7 Mar 2017 | Business

Federal Reserve Board issues enforcement action with Platte Valley Bankread more »

Bank of America Merrill Lynch Launches Returning Talent Programme in Dublin, Ireland

6 Mar 2017 | Business

March 6, 2017, 9:37 am EST Bank of America Merrill Lynch Launches Returning Talent Programme in Dublin, Irelandread more »

Federal Reserve releases examples of new charts that illustrate uncertainty around monetary policymakers' macroeconomic and interest rate projections

3 Mar 2017 | Business

Federal Reserve releases examples of new charts that illustrate uncertainty around monetary policymakers' macroeconomic and interest rate projectionsread more »

Z1: Next Z.1 release date is Thursday March 9, 2017; at 12:00 noon

3 Mar 2017 | Business

A preview of changes to the upcoming March 9, 2017 Financial Accounts of the United States (Z.1) release is now available. Z.1 preview files include a single PDF, corresponding HTML tables, and single set of compressed CSV files with accompanying data dictionary text files available on the current Z.1 release page at https://www.federalreserve.gov/releases/Z1/Current/default.htm. Code changes and preliminary release highlights are available online in the Financial Accounts Guide at https://www.federalreserve.gov/apps/fof/.read more »

Mortgage Rates Rebound Following President's Speech

3 Mar 2017 | Business

Mortgage rates moved up slightly from one week ago, with the benchmark 30-year fixed mortgage rate nosing higher to 4.31 percent, according to Bankrate.com's weekly national survey. read more »

Federal Reserve Board announces that it will not object to a resubmitted capital plan from Morgan Stanley

2 Mar 2017 | Business

Federal Reserve Board announces that it will not object to a resubmitted capital plan from Morgan Stanleyread more »

Ann Misback appointed new Secretary of the Board

1 Mar 2017 | Business

Ann Misback appointed new Secretary of the Boardread more »

Merrill Lynch Wealth Management Adds Mobile Wire Transfer Capabilities and Other Enhancements to Its MyMerrill Mobile App in Major Redesign

1 Mar 2017 | Business

March 1, 2017, 9:00 am EST Merrill Lynch Wealth Management Adds Mobile Wire Transfer Capabilities and Other Enhancements to Its MyMerrill Mobile App in Major Redesignread more »

Federal Reserve Board announces termination of enforcement action with Bank of Montreal, BMO Financial Corporation, and Bank of Montreal Chicago Branch

28 Feb 2017 | Business

Federal Reserve Board announces termination of enforcement action with Bank of Montreal, BMO Financial Corporation, and Bank of Montreal Chicago Branchread more »

Minutes of the Board's discount rate meetings from January 23 and February 1, 2017

28 Feb 2017 | Business

Minutes of the Board's discount rate meetings from January 23 and February 1, 2017read more »

Federal Reserve Board announces approval of application by F.N.B. Corporation

24 Feb 2017 | Business

Federal Reserve Board announces approval of application by F.N.B. Corporationread more »

Federal Reserve Board announces approval of applications by PlainsCapital Bank

24 Feb 2017 | Business

Federal Reserve Board announces approval of applications by PlainsCapital Bankread more »

Mortgage Rates Slide Back

24 Feb 2017 | Business

Mortgage rates pulled back this week, with the benchmark 30-year fixed mortgage rate retreating to 4.29 percent, according to Bankrate.com's weekly national survey. read more »

Federal Reserve announces results of offering of seven-day term deposits on February 23

23 Feb 2017 | Business

Federal Reserve announces results of offering of seven-day term deposits on February 23read more »

Agencies release swap margin guidance

23 Feb 2017 | Business

Agencies release swap margin guidanceread more »

Federal Reserve Board announces termination of enforcement action with Commerce Bancshares, Inc.

23 Feb 2017 | Business

Federal Reserve Board announces termination of enforcement action with Commerce Bancshares, Inc.read more »

Bank of America Celebrates 20 Years of Museums on Us®

23 Feb 2017 | Business

Bank of America marks the 20th anniversary of the Museums on Us program with the announcement of new institutions being added to the participating museum roster. Museums on Us provides Bank of America, Merrill Lynch and U.S. Trust credit and debit cardholders free general admission to experience more than 175 of the country’s most prominent cultural institutions across 109 cities in 33 states on the first full weekend of every month.

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Minutes of the Federal Open Market Committee, January 31-February 1, 2017

22 Feb 2017 | Business

Minutes of the Federal Open Market Committee, January 31-February 1, 2017read more »

Federal Reserve Board announces annual adjustment to the asset-size threshold in Regulation I

22 Feb 2017 | Business

Federal Reserve Board announces annual adjustment to the asset-size threshold in Regulation Iread more »

CHGDEL: Revised estimations for pre-2001 charge-off and delinquency rates

22 Feb 2017 | Business

Models used to estimate data not reported by small commercial banks who filed the FFIEC 034 Call Report form prior to 2001 have been updated. As a result, historical charge-off and delinquency rates for several series in this range have been revised.read more »

Bank of America Drives Future of Digital Banking in 2017 as Mobile Banking Turns 10

22 Feb 2017 | Business

Bank of America today introduced industry-leading person-to-person technology to its award-winning mobile platform, as part of its broader strategy to propel the industry into the next generation of digital banking services.

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PRATES: Change to the Publication of Interest Rates on Reserve Balances

17 Feb 2017 | Business

Effective February 23, 2017, the Federal Reserve Board will publish on each business day at 4:30 p.m., Eastern Time, the interest rates on reserve balances applicable for the next business day. The interest rates on reserve balances, which include the interest rates on required and excess balances, are determined by the Board and officially announced in the most recent Implementation Note. The associated data are made available on the Federal Reserve Board's website on the "Interest on Required Balances and Excess Balances" page and in the Policy Rates Data Download Program.read more »

Federal Reserve Board announces termination of enforcement action with West Tennessee Bancshares and Bank of Bartlett

16 Feb 2017 | Business

Federal Reserve Board announces termination of enforcement action with West Tennessee Bancshares and Bank of Bartlettread more »

Federal Reserve to offer seven-day term deposits on February 23

16 Feb 2017 | Business

Federal Reserve to offer seven-day term deposits on February 23read more »

G17: G.17 Data for January 2017 are now available

16 Feb 2017 | Business

Industrial production and capacity utilization data for January 2017 are now available.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. The index for utilities fell 5.7 percent, largely because unseasonably warm weather reduced the demand for heating. At 104.6 percent of its 2012 average, total industrial production in January was at about the same level as it was a year earlier. Capacity utilization for the industrial sector fell 0.3 percentage point in January to 75.3 percent, a rate that is 4.6 percentage points below its long-run (1972-2016) average.read more »

G17: G.17 Preliminary Estimates of Industry Capacity

16 Feb 2017 | Business

The data in the February 15, 2017 release include preliminary estimates of industrial capacity for 2017. Measured from fourth quarter to fourth quarter, total industrial capacity is projected to rise 1.3 percent this year after increasing 0.4 percent in 2016. Manufacturing capacity is expected to advance 1.1 percent in 2017, somewhat faster than the 0.7 percent pace in 2016. Capacity in the mining sector is estimated to rise 0.9 percent in 2017 after falling 3.4 percent in 2016. Capacity at electric and natural gas utilities is projected to increase 0.8 percent, about the same rate as in the three previous years.read more »

Daniel K. Tarullo submits resignation as a member of the Board of Governors, effective on or around April 5, 2017

10 Feb 2017 | Business

Daniel K. Tarullo submits resignation as a member of the Board of Governors, effective on or around April 5, 2017read more »

Federal Reserve Board issues revised macroeconomic scenarios for its 2017 stress testing program to correct a data series error

10 Feb 2017 | Business

Federal Reserve Board issues revised macroeconomic scenarios for its 2017 stress testing program to correct a data series errorread more »

Mortgage Rates Pull Back On Political Uncertainty

10 Feb 2017 | Business

Mortgage rates shifted into reverse this week, with the benchmark 30-year fixed mortgage rate sliding to 4.27 percent, according to Bankrate.com's weekly national survey. read more »

Federal Reserve Board announces termination of enforcement action with Raton Capital Corporation

9 Feb 2017 | Business

Federal Reserve Board announces termination of enforcement action with Raton Capital Corporationread more »

Federal Reserve Board announces approval of application by Anchor Bancshares, Inc.

9 Feb 2017 | Business

Federal Reserve Board announces approval of application by Anchor Bancshares, Inc.read more »

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