Federal Reserve Board: H.2 Release for Week Ending April 16, 2016; H.4.1 Release (Balance Sheet) for Week Ending April 21, 2016

The Federal Reserve Board (Board) publishes a weekly digest of its activities on its website. The digest is called the H.2 Release and is published every Thursday. The release for the week ending April 16, 2016, is below.

H.2 Release–Actions of the Board, Its Staff, and the Federal Reserve Banks; Applications and Reports Received

Category Action Taken
Testimony and Statements Trends in Fixed-Income Markets — statement by Governor Powell before two subcommittees of the Senate Committee on Banking, Housing, and Urban Affairs.

-Published, April 14, 2016

 

 

Banking Supervision and Regulation Resolution Plans — determinations by the Board and Federal Deposit Insurance Corporation on the 2015 resolution plans submitted under the Dodd-Frank Act by eight systemically important, domestic banking institutions.

-Announced, April 13, 2016

 

 

 

Banks, State Member Goldman Sachs Bank USA, New York, New York — commenter’s request for reconsideration of the Board’s approval of the application by Goldman Sachs Bank USA to assume certain deposits of, and acquire certain assets from, GE Capital Bank, Holladay, Utah.

-Denied, April 15, 2016

 

 

 

Forms Forms — initial Board review to implement the Consolidated Financial Statements for Insurance Nonbank Financial Companies (FR 2085).

-Proposed, April 13, 2016

 

Forms — initial Board review to extend with revision the Structure Reporting Requirements for Domestic and Foreign Banking Organizations (FR Y-6, FR Y-7, FR Y-10, and FR Y-10E).

-Proposed, April 14, 2016

 

 

 

 

 

 

Reserve Bank Operations Reserve Bank Directors — designation of a chair and deputy chair of the Federal Reserve Bank of St. Louis and appointment of a director of the Detroit Branch of the Federal Reserve Bank of Chicago.

-Approved, April 7, 2016

(A/C)

 

 

 

Enforcement CBS Financial Corporation, Smyrna, Georgia — written agreement issued August 10, 2009, terminated April 8, 2016.

-Announced, April 12, 2016

 

Security Bank, Tulsa, Oklahoma — issuance of a consent cease and desist order against Gentry Parker, a former institution-affiliated party.

-Announced, April 14, 2016

 

 

 

Federal Reserve Board: Balance Sheet (H.4.1 Release)

Beginning this week, the blog entry for the H.2 Release will also include the H.4.1 Release on the Board’s balance sheet. The blog author had the opportunity to view the movie “The Big Short” explaining the creation of the financial crisis and the collapse of the economy in 2008. The Board to protect the nation’s credit, provided about $5 trillion of support. Most of this amount remains on the Board’s balance sheet.

How this balance will be repaid is unknown. The economy is not fully healed until the balance goes down to precrisis levels.

The Board publishes data of factors affecting reserve balances. The digest is called the H.4.1 Release, and they are published every Thursday (or the next business day if the publication date falls on a federal holiday). The release for the week ending April 21, 2016, is below.

[Note: The blog will cover the line titled “Total Factors Supplying Reserve Funds.”]

H.4.1 Release–Factors Affecting Reserve Balances

Total factors supplying reserve funds (as of April 20, 2016): $4,535,631 (in millions of dollars). (On September 26, 2007, this amount was $900,473 (in millions of dollars)).

(See the release for further information.)

 

 

 

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