Category: Business » Banking

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

16 Nov 16:35 | Business

Industrial production and capacity utilization data for October 2017 are now available. Industrial production rose 0.9 percent in October, and manufacturing increased 1.3 percent. The index for utilities rose 2.0 percent, but mining output fell 1.3 percent, as Hurricane Nate caused a sharp but short-lived decline in oil and gas drilling and extraction. Even so, industrial activity was boosted in October by a return to normal operations after Hurricanes Harvey and Irma suppressed production in August and September.[1] Excluding the effects of the hurricanes, the index for total output advanced about 0.3 percent in October, and the index for manufacturing advanced about 0.2 percent.[1] A technical Q&A discussing the effects of the recent hurricanes on industrial production is available on the Federal Reserve Board's website at read more »

Federal Reserve Board announces approval of application by South State Corporation

15 Nov 14:30 | Business

Federal Reserve Board announces approval of application by South State Corporationread more »

Bank of America Merrill Lynch Announces Card Assistant

15 Nov 09:04 | Business

Bank of America Merrill Lynch today launched Card Assistant, a digital tool that transforms the way information and education are delivered to its global commercial card clients. Card Assistant enables time-pressed program administrators to access industry and product updates, informative webcasts, fraud prevention tips, case studies and reference information in one convenient place.

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H15: Corrections to several historical Treasury rates

14 Nov 15:34 | Business

Historical rates for several series from the U.S. Treasury have been corrected. Affected rates include the 4-week, 3-month and 6-month Treasury bill (secondary market) rates, the 7-year inflation-indexed Treasury constant maturity rate, and the inflation-indexed long-term average rate. A table with the corrected observations is available at: https://federalreserve.gov/releases/h15/historical-data-correction.htm read more »

Federal Reserve Board announces termination of enforcement action with Maple Leaf Financial, Inc.

14 Nov 11:00 | Business

Federal Reserve Board announces termination of enforcement action with Maple Leaf Financial, Inc.read more »

Los Angeles Entrepreneurs Highly Confident About Year-End Revenue, Have More Plans for Growth and Hiring Than National Counterparts

14 Nov 09:18 | Weather

As the year comes to a close, the majority of Los Angeles-area small business owners expect 2017 revenue to exceed that of 2016, and they are projecting that growth to continue in the year ahead.read more »

Greater Washington, D.C. Entrepreneurs Maintain Confidence in Economy, Plan for Robust 2018

14 Nov 09:18 | Weather

As the year comes to a close, entrepreneurs in the greater Washington area are expecting strong year-end revenues, and they are projecting that growth to continue in the year ahead.read more »

San Francisco Entrepreneurs Highly Confident About Year-End Revenue, Economic Optimism Driving Robust Growth Outlook

14 Nov 09:18 | Weather

As the year comes to a close, the majority of San Francisco-area small business owners are confident that their year-end revenue will exceed that of 2016, and they are projecting that growth will continue into the year ahead.read more »

New York City Entrepreneurs Highly Confident About Year-End Revenue, Economic Optimism on the Rise

14 Nov 09:18 | Business

As the year comes to a close, New York City area small business owners expect their 2017 revenue to exceed that of 2016, and they are focused on hiring and securing financing to accommodate growth in the year ahead. According to fall 2017 Bank of America Business Advantage Small Business Owner Report, a semiannual survey of 1,000 business owners across the country and the greater New York City area, 70 percent of local business owners are confident that their year-end revenue will be higher than in 2016.

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Miami Entrepreneurs Confident on Year-End Revenue, Have Higher Expectations for Growth and Hiring Than National Counterparts

14 Nov 09:18 | Weather

With 2017 soon coming to a close, Miami small business owners expect higher year-end revenues than in 2016, and more are looking to apply for a loan in 2018.read more »

Dallas/Fort Worth Entrepreneurs Optimistic About Year-End Revenue, Confidence in National Economy Rises

14 Nov 09:16 | Weather

As the year comes to a close, the majority of Dallas/Fort Worth-area small business owners expect 2017 revenue to exceed that of 2016, and they are projecting that growth to continue in the year ahead.read more »

Atlanta Business Owners Highly Confident About Year-End Revenues, Lead the Nation on Five-Year Growth Outlook

14 Nov 09:16 | Weather

As the year comes to a close, a strong majority of Atlanta small business owners are looking at better-than-expected performance on their year-end revenues, and they are projecting five-year growth at a greater rate than their counterparts nationwide.read more »

Boston Entrepreneurs Anticipate High Year-End Revenues, Accelerated Growth and Hiring Compared to National Counterparts

14 Nov 09:16 | Weather

As the year comes to a close, the majority of Boston-area small business owners expect 2017 revenue to exceed that of 2016, and they are projecting that growth to continue in the year ahead.read more »

Houston Entrepreneurs Confident About Year-End Revenue, Planning for Growth

14 Nov 09:16 | Weather

The majority of Houston-area small business owners anticipate a strong finish to 2017, with 87 percent reporting confidence that their year-end revenue will exceed that of 2016, according to the fall 2017 Bank of America Business Advantage Small Business Owner Report, a semiannual survey of 1,000 business owners across the country and in the greater Houston area.read more »

Chicago Entrepreneurs Planning for More Growth and Hiring in 2018 Than National Counterparts

14 Nov 09:16 | Business

As 2017 comes to a close, the majority of Chicago-area small business owners expect their year-end revenues to be higher than in 2016, and they are projecting that growth to continue in the year ahead.read more »

Federal Reserve Board approves fee schedule for Federal Reserve Bank priced services

13 Nov 12:00 | Business

Federal Reserve Board approves fee schedule for Federal Reserve Bank priced servicesread more »

Merrill Edge Simplifies Stock Research for Self-Directed Investors Through an Enhanced Online Experience That Allows For Better Investing Decisions

13 Nov 08:34 | Business

Merrill Edge today announced the launch of a new stock research experience designed to help the self-directed investor make more informed investing decisions about thousands of U.S.read more »

Tory Burch Foundation and Bank of America Support Women Entrepreneurs With Increased Funding

9 Nov 09:05 | Business

November 9, 2017, 9:00 am EST Tory Burch Foundation and Bank of America Support Women Entrepreneurs With Increased Fundingread more »

Bank of America Merrill Lynch Opens Applications for Eighth Returning Talent Programme (London)

9 Nov 04:05 | Business

November 9, 2017, 4:00 am EST Bank of America Merrill Lynch Opens Applications for Eighth Returning Talent Programme (London)read more »

Agencies announce annual indexing of exempt consumer credit and lease transactions in 2018

8 Nov 2017 | Business

Agencies announce annual indexing of exempt consumer credit and lease transactions in 2018read more »

H10: Updated weight tables go into effect on Monday, November 6, 2017

7 Nov 2017 | Business

Updated weight tables go into effect on Monday, November 6, 2017.read more »

Bank of America COO Tom Montag to Open Bank of America Merrill Lynch Future of Financials 2017 Conference

7 Nov 2017 | Business

Bank of America Chief Operating Officer Tom Montag will welcome attendees to the Bank of America Merrill Lynch Future of Financials 2017 Conference on Tuesday, November 14 at 8 a.m. Eastern Time in New York. A live audio webcast will be accessible through the Bank of America Investor Relations website at http://investor.bankofamerica.com. A replay will also be available.

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Bank of America COO Tom Montag to Open Bank of America Merrill Lynch Future of Financials 2017 Conference

7 Nov 2017 | Business

November 7, 2017, 9:00 am EST Bank of America COO Tom Montag to Open Bank of America Merrill Lynch Future of Financials 2017 Conferenceread more »

Small Businesses on Track to Beat Revenues as Confidence in the Economy Surges, According to Bank of America Survey

7 Nov 2017 | Business

November 7, 2017, 9:00 am EST Small Businesses on Track to Beat Revenues as Confidence in the Economy Surges, According to Bank of America Surveyread more »

Vital Voices and Bank of America Connect Women Entrepreneurs From Los Angeles and Around the World to Mentoring Expertise

6 Nov 2017 | Business

November 6, 2017, 4:00 pm EST Vital Voices and Bank of America Connect Women Entrepreneurs From Los Angeles and Around the World to Mentoring Expertiseread more »

Randal K. Quarles sworn in as member of the Board of Governors of the Federal Reserve System and as Vice Chair for Supervision

6 Nov 2017 | Business

Randal K. Quarles sworn in as member of the Board of Governors of the Federal Reserve System and as Vice Chair for Supervisionread more »

Federal Reserve Board announces annual indexing of reserve requirement exemption amount and of low reserve tranche for 2018

3 Nov 2017 | Business

Federal Reserve Board announces annual indexing of reserve requirement exemption amount and of low reserve tranche for 2018read more »

Statement by Federal Reserve Board Governor Powell on his nomination by President Trump

2 Nov 2017 | Business

Statement by Federal Reserve Board Governor Powell on his nomination by President Trumpread more »

Statement by Federal Reserve Board Chair Yellen on the nomination of Governor Powell by President Trump

2 Nov 2017 | Business

Statement by Federal Reserve Board Chair Yellen on the nomination of Governor Powell by President Trumpread more »

Federal Reserve Board issues enforcement action with Wayne Bank and Trust Company

2 Nov 2017 | Business

Federal Reserve Board issues enforcement action with Wayne Bank and Trust Companyread more »

Federal Reserve Board announces appointment of James A. Clouse as secretary of the Federal Open Market Committee

1 Nov 2017 | Business

Federal Reserve Board announces appointment of James A. Clouse as secretary of the Federal Open Market Committeeread more »

Federal Reserve issues FOMC statement

1 Nov 2017 | Business

Federal Reserve issues FOMC statementread more »

Ninety-Two Percent of Caregivers Are Financial Caregivers – Coordinating and Managing Finances for Loved Ones, and Spending $190 Billion on Them Annually, Merrill Lynch Study Finds

1 Nov 2017 | Business

November 1, 2017, 1:00 pm EDT Ninety-Two Percent of Caregivers Are Financial Caregivers – Coordinating and Managing Finances for Loved Ones, and Spending $190 Billion on Them Annually, Merrill Lynch Study Findsread more »

Federal Reserve Board announces termination of enforcement action with Liberty Shares, Inc.

31 Oct 2017 | Business

Federal Reserve Board announces termination of enforcement action with Liberty Shares, Inc.read more »

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

31 Oct 2017 | Business

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

Federal Reserve Board announces approval of application by First Horizon National Corporation

30 Oct 2017 | Business

Federal Reserve Board announces approval of application by First Horizon National Corporationread more »

Bank of America Announces 2017 Art Conservation Project Grant Recipients

30 Oct 2017 | Business

Bank of America announces that the company will provide grant funding to 21 major art restoration projects in six countries, through the 2017 Bank of America Art Conservation Project. A selection of the historically and culturally significant works in danger of deterioration that will benefit from the grants includes: ...

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Federal Reserve Board announces new members of Community Advisory Council

26 Oct 2017 | Business

Federal Reserve Board announces new members of Community Advisory Councilread more »

Federal Reserve Board issues consent order against Mid America Bank and Trust Company

26 Oct 2017 | Business

Federal Reserve Board issues consent order against Mid America Bank and Trust Companyread more »

Federal Reserve Board announces approval of application by Reliable Community Bancshares, Inc. and MAB Acquisition Corp.

26 Oct 2017 | Business

Federal Reserve Board announces approval of application by Reliable Community Bancshares, Inc. and MAB Acquisition Corp.read more »

Bank of America Expands Its Use of Biometrics With Intel Hardware-Based Security Technologies

23 Oct 2017 | Business

Bank of America announced today it would begin implementing Intel®Online Connect technology into its online banking platform, giving customers added security when they bank online. The two companies will jointly preview the technology at this week’s Money20/20 conference in Las Vegas.

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G17: G.17 Technical Q&A on the effects of Hurricanes Harvey and Irma on August and September IP

21 Oct 2017 | Business

A new Technical Q&A has been posted that shows estimates of the hurricane-related contributions to the rates of change for IP in August and September for several groupings of industries.]>2017-10-20T13:15:00-04:00enFRBend=9999-12-31T00:00:00-05:00G.17 Technical Q&A on the effects of Hurricanes Harvey and Irma on August and September IP2017-10-20T13:15:00-04:00G17G17: G.17 Data for September 2017 are now availablehttp://www.federalreserve.gov/feeds/DataDownload.html#1943Industrial production and capacity utilizatioread more »

Federal Reserve Board announces approval of application by ING Bank N.V.

20 Oct 2017 | Business

Federal Reserve Board announces approval of application by ING Bank N.V.read more »

Federal Reserve announces results of offering of seven-day term deposits on October 19

19 Oct 2017 | Business

Federal Reserve announces results of offering of seven-day term deposits on October 19read more »

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

18 Oct 2017 | Business

Industrial production and capacity utilization data for September 2017 are now available.Industrial production rose 0.3 percent in September. The rates of change for July and August were notably revised; the current estimate for July, a decrease of 0.1 percent, was 0.5 percentage point lower than previously reported, while the estimate for August, a decrease of 0.7 percent, was 0.2 percentage point higher than before. The estimates for manufacturing, mining, and utilities were each revised lower in July. The continued effects of Hurricane Harvey and, to a lesser degree, the effects of Hurricane Irma combined to hold down the growth in total production in September by 1/4 percentage point.[1] For the third quarter as a whole, industrial production fell 1.5 percent at an annual rate; excluding the effects of the hurricanes, the index would have risen at least 1/2 percent. Manufacturing output edged uread more »

Agencies issue temporary exceptions to appraisal requirements in areas affected by severe storms and flooding related to Hurricanes Harvey, Irma, and Maria

17 Oct 2017 | Business

Agencies issue temporary exceptions to appraisal requirements in areas affected by severe storms and flooding related to Hurricanes Harvey, Irma, and Mariaread more »

Minutes of the Board's discount rate meetings from August 28 and September 20, 2017

17 Oct 2017 | Business

Minutes of the Board's discount rate meetings from August 28 and September 20, 2017read more »

Bank of America Merrill Lynch Announces CashPro® Assistant

17 Oct 2017 | Business

Bank of America Merrill Lynch today launched CashPro® Assistant, which uses artificial intelligence and predictive analytic capabilities to help commercial and corporate clients easily access and analyze their banking information. CashPro Assistant delivers a differentiated experience for all CashPro clients.

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BofA Merrill Helps Clients Reduce Costs With Multicurrency Netting

16 Oct 2017 | Business

Bank of America Merrill Lynch, a leader in global transaction services, is pleased to announce that it has expanded its payments capabilities with the launch of Multicurrency Netting. The new solution centralizes inter-company payments, enabling large companies that operate across multiple borders to reduce both the number of payments and the total value of payments made between companies that regularly invoice one another.

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Randal K. Quarles takes oath of office as member of the Board of Governors of the Federal Reserve System and Vice Chair for Supervision

13 Oct 2017 | Business

Randal K. Quarles takes oath of office as member of the Board of Governors of the Federal Reserve System and Vice Chair for Supervisionread more »

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