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.)

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