December 7, 2017 - Central Counterparty Risk Management: Beyond Default Risk By
Rebecca Lewis - On October 17, 2017, the Federal Reserve Bank of Chicago held
its fourth annual Central Counterparty Risk Management Conference: Beyond
December 7, 2017 - Advanced 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 December 11, 2017. Matter(s)
considered: Supervisory Matter.
December 7, 2017 - Statistical Release - Financial Accounts of the United States
- Z.1 - The Financial Accounts of the United States includes data on the flow of
funds and levels of financial assets and liabilities, by sector and financial
instrument; full balance sheets, including net worth, for households and
nonprofit organizations, nonfinancial corporate businesses, and nonfinancial
noncorporate businesses; Integrated Macroeconomic Accounts; and additional
December 6, 2017 - Federal Reserve Board announces approval of application by
CenterState Bank Corporation - The Federal Reserve Board on Wednesday announced
its approval of the application under section 3 of the Bank Holding Company Act
of 1956 by CenterState Bank Corporation, Winter Haven, Florida, to merge with
HCBF Holding Company, Inc., and thereby indirectly acquire HCBF's subsidiary
bank, Harbor Community Bank, both of Fort Pierce, Florida.
December 5, 2017 - Comptroller of the Currency Lauds Progress Toward Meaningful
Regulatory Reform - Comptroller of the Currency Joseph M. Otting issued the
following statement on Senate Bill 2155, the “Economic Growth, Regulatory Relief
and Consumer Protection Act.”
December 5, 2017 - OCC Releases CRA Evaluations for 29 National Banks and
Federal Savings Associations - The Office of the Comptroller of the Currency
today released a list of Community Reinvestment Act performance evaluations that
became public during the period of November 1, 2017 through November 30, 2017.
December 5, 2017 - FDIC Issues List of Banks Examined for CRA Compliance - The
Federal Deposit Insurance Corporation today issued its list of state nonmember
banks recently evaluated for compliance with the Community Reinvestment Act. The
list covers evaluation ratings that the FDIC assigned to institutions in
December 5, 2017 - Federal Reserve Board announces termination of enforcement
action with Citizens Commerce Bancshares, Inc.
December 4, 2017 - Economy to Grow at Pace Slightly Above Average in 2018, Say
Chicago Fed Economic Outlook Symposium Participants - The 31st annual Economic
Outlook Symposium, held in Chicago on December 1, drew participants from the
manufacturing, banking, and auto industries, as well as academia and consulting
and service firms.
December 4, 2017 - NCUA - Riverdale Credit Union Closes, Jefferson Financial
Assumes Members, Shares, and Loans - The National Credit Union Administration
today liquidated Riverdale Credit Union of Selma, Alabama. Jefferson Financial
Federal Credit Union of Metairie, Louisiana, immediately assumed Riverdale
Credit Union’s membership, shares, loans, and most other assets.
December 4, 2017 - FDIC Consumer News Offers Tips on Dealing with Debt - Whether
you have a little bit of debt or a lot, managing it wisely and ultimately paying
off what you owe can be crucial to your financial well-being.
December 4, 2017 - A closed meeting of the Board of Governors of the Federal
Reserve System was held at 11:30 a.m. on December 4, 2017. Matter(s) considered:
Review and determination by the Board of Governors of the advance and discount
rates to be charged by the Federal Reserve Banks.
December 4, 2017 - Federal Reserve Board requests public comment on proposal to
amend Regulation A - The Federal Reserve Board on Monday requested public
comment on a proposal to amend its Regulation A, which governs extensions of
credit by Federal Reserve Banks, to make certain technical adjustments including
to reflect the expiration of the Term Asset Backed Securities Loan Facility
December 4, 2017 - Thomas Barkin named president and chief executive officer of
the Federal Reserve Bank of Richmond - Board Chair Lewis Announces Appointment
of Thomas I. Barkin as Next President.
December 1, 2017 - Office of the Comptroller of the Currency Fees and
Assessments: Calendar Year 2018 Fees and Assessments Structure - This bulletin
informs all national banks, federal savings associations, and federal branches
and agencies of foreign banks of fees and assessments charged by the Office of
the Comptroller of the Currency for calendar year 2018.
December 1, 2017 - December 1, 2017 - Federal Reserve Bank of St. Louis’
Louisville Branch Commemorates 100 Years of Service - In 1916 a group of
Louisville bankers, trekked to Washington to make their case in front of the
Federal Reserve Board of Governors four days before Christmas to petition to be
a branch of the Federal Reserve Bank of St. Louis.
December 1, 2017 - St. Louis Fed's Bullard Addresses the Risk of Yield Curve
Inversion - Federal Reserve Bank of St. Louis President James Bullard gave
remarks on “Assessing the Risk of Yield Curve Inversion” at a regional economic
briefing in Little Rock on Friday.
December 1, 2017 - Housing Bust, Bank Lending & Employment: Evidence from
Multimarket Banks - David P. Glancy - I use geographic variation in bank lending
to study how bank real estate losses impacted the supply of credit and
employment during the Great Recession.
December 1, 2017 - Liquidity from Two Lending Facilities - Sriya L. Anbil and
Angela Vossmeyer - During financial crises, the lender of last resort uses
lending facilities to inject critical funding into the banking sector.
December 1, 2017 - Legal Interpretations - Bank Holding Company Act, August 3,
July 28, and June 21, 2017.
December 1, 2017 - Credit and Liquidity Programs and the Balance Sheet - Recent
balance sheet trends, weekly chart update.
December 1, 2017 - Statistical Release - Foreign Exchange Rates - G.5.
December 1, 2017 - Federal Reserve Board announces it has voted to affirm
Countercyclical Capital Buffer at current level of 0 percent - In making this
determination, the Board followed the framework detailed in the Board's policy
statement for setting the CCyB for private-sector credit exposures located in
the United States.
December 1, 2017 - Federal Reserve announces College Fed Challenge winners -
Pace University won the 14th annual national College Fed Challenge on Friday, a
competition that encourages students to learn about the U.S. economy, monetary
policymaking, and the role of the Federal Reserve System.
November 30, 2017 - NCUA Names Mary Anne Bradfield as Director of Public and
Congressional Affairs - Mary Anne Bradfield will become the National Credit
Union Administration’s Director of Public and Congressional Affairs, effective
Monday, Dec. 18, the agency announced today.
November 30, 2017 - Capital and Dividends: Revised Comptroller's Licensing
Manual Booklet - The Office of the Comptroller of the Currency issued today the
“Capital and Dividends” booklet of the Comptroller’s Licensing Manual.
November 30, 2017 - St. Louis Fed Releases Beige Book - The Federal Reserve Bank
of St. Louis released its portion of the Federal Reserve’s latest Beige Book,
published today. The local report summarizes economic conditions for the Eighth
District, which is based in St. Louis and covers all of Arkansas and parts of
Illinois, Indiana, Kentucky, Mississippi, Missouri and Tennessee.
November 30, 2017 - Customer Liquidity Provision: Implications for Corporate
Bond Transaction Costs - Jaewon Choi and Yesol Huh - The convention in
calculating trading costs in corporate bond markets is to assume that dealers
provide liquidity to non-dealers and calculate average bid-ask spreads that
customers pay dealers.
November 30, 2017 - Federal Reserve Board announces termination of enforcement
action with Brand Group Holdings, Inc. and The Brand Banking Company.
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Have a great week,
R. Kinney Williams,
Certified Financial Examiner
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