Happy New Year to Readers

To all of the readers of this blog, I extend my best wishes for the upcoming (or 2017, depending on time zone).

 

–Alex

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Federal Reserve Board: H.2 Release for Week Ending December 24, 2016; H.4.1 Release (Balance Sheet) for Week Ending December 29, 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 December 24, 2016, is below.

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

Category Action Taken
Forms Forms — final Board review to extend with revision the Capital Assessments and Stress Testing information collection (FR Y-14A/Q/M).

-Approved, December 19, 2016

 

 

Regulations and Policies Liquidity Coverage Ratio (LCR) — final rule to implement public disclosure requirements for depository institution holding companies and nonbank financial companies subject to the LCR requirements, and extension of compliance period for companies newly subject to the modified LCR rule.

-Approved, December 18, 2016

 

Rules Regarding Availability of Information — interim final rules with requests for comment by the Board and the Federal Open Market Committee to amend their regulations for processing requests under the Freedom of Information Act to reflect provisions of the FOIA Improvement Act of 2016.

-Announced, December 23, 2016

 

 

Reserve Bank Operations Reserve Bank Directors — designation of chairs and deputy chairs of the Federal Reserve Banks for 2017, and associated reappointments of directors.

-Approved, December 7, 2016

(A/C)

 

 

Enforcement Banco Bilbao Vizcaya Argentaria, S.A., Bilbao, Spain; and BBVA Securities, Inc., New York, New York — issuance of a consent order of assessment of a civil money penalty.

-Approved, December 19, 2016

 

Cole Taylor Bank, Chicago, Illinois — cease-and-desist order dated June 26, 2014, terminated December 1, 2016.

-Announced, December 22, 2016

 

Regions Bank, Birmingham, Alabama — issuance of a notice of prohibition against Richard Henderson and Philip Cooper, former institution-affiliated parties of Regions Bank.

-Approved, December 19, 2016

 

Rock Bancshares, Inc., Little Rock, Arkansas, and Heartland Bank — written agreement with the Federal Reserve Bank of St. Louis.

-Announced, December 20, 2016

 

 

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

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 December 29, 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 December 21, 2016):  $4,497,326 (in millions of dollars). (On September 26, 2007, this amount was $900,473 (in millions of dollars)).

(See the release for further information.)

Federal Reserve Board: H.2 Release for Week Ending December 17, 2016; H.4.1 Release (Balance Sheet) for Week Ending December 22, 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 December 17, 2016, is below.

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

Category Action Taken
Banking Supervision & Regulation Resolution Plans — issuance of joint letters with the Federal Deposit Insurance Corporation regarding the adequacy of actions taken by five systemically important U.S. banking organizations to remedy deficiencies in their 2015 resolution plans.

-Approved, December 13, 2016

 

 

Currency Federal Reserve Notes — new currency budget for 2017.

-Approved, December 12, 2016

 

 

 

Monetary Policy Implementation Federal Open Market Committee — increase in the target range for the federal funds rate to 1/2 percent to 3/4 percent, effective December 15, 2016.

-Announced, December 14, 2016

 

Interest on Reserves; Discount and Advance Rates — increase in the (1) interest rate paid on required and excess reserve balances from 1/2 percent to 3/4 percent and (2) primary credit rate from 1 percent to 1-1/4 percent, both effective December 15, 2016.

-Approved, December 14, 2016

 

 

Regulations and Policies Joint Account Requests — publication for comment of proposed guidelines to evaluate requests for joint accounts at Federal Reserve Banks to facilitate settlement between depository institutions participating in U.S. payment systems.

-Approved, December 16, 2016

 

Supervision and Regulation — final rule to establish total loss-absorbing capacity and related buffer requirements, long-term debt requirements, and clean holding company requirements for U.S. global systemically important bank holding companies and U.S. intermediate holding companies of global systemically important foreign banking organizations.

-Approved, December 15, 2016

 

 

Reserve Bank Operations Federal Reserve Bank Budgets — operating and capital budgets for the Federal Reserve Banks, Federal Reserve Information Technology, and Office of Employee Benefits for 2017.

-Approved, December 2, 2016

(A/C)

 

 

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

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 December 22, 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 December 21, 2016):  $4,515,237 (in millions of dollars). (On September 26, 2007, this amount was $900,473 (in millions of dollars)).

(See the release for further information.)

Federal Reserve Board: H.2 Release for Week Ending December 10, 2016; H.4.1 Release (Balance Sheet) for Week Ending December 15, 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 December 10, 2016, is below.

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

Category Action Taken
Advisory Councils Community Advisory Council — announcement of four new members of the council.

-Announced, December 7, 2016

Board Operations Board Budgets and Division and Committee Name Changes — (1) Board operating and capital budgets for 2017 and (2) change in the names of the Division of Banking Supervision and Regulation to the Division of Supervision and Regulation and of the Board’s Committee on Bank Supervision to Committee on Supervision and Regulation.

-Approved, November 18, 2016

(A/C)

Office of Inspector General — 2017 budget.

-Approved, December 5, 2016

 

[Blog Author’s Note: See previous blog post regarding the Board’s OIG budget and its so-called independence.]

 

 

 

Forms Forms — final Board review to extend with revision the interagency Joint Standards for Assessing Diversity Policies and Practices (FR 2100).

-Approved, December 5, 2016

Personnel Division of Financial Stability — appointment of Andreas Lehnert as director and Nellie Liang as senior adviser.

-Approved, December 7, 2016

Regulations and Policies “Illiquid Fund” Investments Guidance — statement of policy establishing a simplified and streamlined process under which banking entities may seek an extension for the transition period to divest or conform their investments in a narrow class of funds that qualify as “illiquid funds” under section 619 of the Dodd-Frank Act, commonly known as the Volcker Rule.

-Approved, December 7, 2016

 

Capital Requirements for U.S.-Based Global Systemically Important Bank Holding Companies (GSIBs) — (1) final rule to make clarifying and technical revisions to the Board’s rule regarding risk-based capital surcharges for GSIBs and (2) interim final rule with request for comment to provide certain firms with additional time to complete a portion of a related reporting form.

-Approved, December 6, 2016

 

Eligibility for 18-Month Examination Cycle — interagency final rules that increase the number of small banks and savings associations and U.S. branches and agencies of foreign banks eligible for an 18-month rather than a 12-month examination cycle.

-Approved, November 29, 2016

(A/C)

 

Savings and Loan Holding Companies — publication for comment of proposal to fully apply the same supervisory rating system to savings and loan holding companies as currently applies to bank holding companies.

-Approved, December 8, 2016

Reserve Bank Operations Federal Reserve Bank Budgets — operating and capital budgets for the Federal Reserve Banks, Federal Reserve Information Technology, and Office of Employee Benefits for 2017.

-Approved, December 2, 2016

(A/C)

Enforcement JCO Ventures, LLC, Union, South Carolina; JCO Partners, L.P.; JCO Partners II, L.P.; HAO Management Company, LLC; HAO Partners, L.P.; HAO Partners II, L.P.; Frances W. Arthur Irrevocable Trust No. 2 for the Benefit of Frances Oxner Jorgenson; FOJ Management Company, LLC; FOJ Partners, L.P.; FOJ Partners II, L.P.; and Arthur Financial Corporation — written agreement dated August 31, 2011, terminated December 1, 2016.

-Announced, December 6, 2016

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

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 December 15, 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 December 14, 2016):  $4,516,969 (in millions of dollars). (On September 26, 2007, this amount was $900,473 (in millions of dollars)).

(See the release for further information.)

Federal Reserve Board: H.2 Release for Week Ending December 3, 2016; H.4.1 Release (Balance Sheet) for Week Ending December 8, 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 December 3, 2016, is below.

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

Category Action Taken
Forms Forms — final Board review to extend with revision the Savings Association Holding Company Report (FR H-(b)11).

-Approved, December 1, 2016

 

Forms — final Board review (1) to extend without revision the Financial Statements of U.S. Nonbank Subsidiaries Held by Foreign Banking Organizations (FR Y-7N) and Abbreviated Financial Statements of U.S. Nonbank Subsidiaries Held by Foreign Banking Organizations (FR Y-7NS) and (2) to extend with revision the Capital and Asset Report for Foreign Banking Organizations (FR Y-7Q).

-Approved, December 1, 2016

 

 

Enforcement Customers Bank, Phoenixville, Pennsylvania — consent cease-and-desist order and assessment of a civil money penalty.

-Approved, December 1, 2016

 

 

 

 

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

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 December 8, 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 November 30, 2016):  $4,494,745 (in millions of dollars). (On September 26, 2007, this amount was $900,473 (in millions of dollars)).

(See the release for further information.)

Federal Reserve Board: H.2 Release for Week Ending November 26, 2016; H.4.1 Release (Balance Sheet) for Week Ending December 1, 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 November 26, 2016, is below.

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

Category Action Taken
Regulations and Policies Regulation I (Issue and Cancellation of Federal Reserve Bank Capital Stock) — final rule to change rates paid on dividends to certain Reserve Bank depository institution stockholders.

-Approved, November 3, 2016

(A/C)

Regulations Z (Truth in Lending) and M (Consumer Leasing) — final interagency amendments to official staff interpretations to clarify the method used to determine thresholds for exempting (1) certain consumer credit and lease transactions from the Truth in Lending Act and Consumer Leasing Act, respectively, and (2) certain small loans from the real estate appraisal requirements for higher-priced mortgages, both based on changes in the consumer price index.

-Approved, November 7, 2016

(A/C)

Report on Debit Card Data — biennial report on the 2015 debit card market.

-Approved, November 21, 2016

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

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 December 1, 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 November 30, 2016):  $4,491,381 (in millions of dollars). (On September 26, 2007, this amount was $900,473 (in millions of dollars)).

(See the release for further information.)