Federal Reserve Board: H.2 Release for Week Ending February 11, 2017; H.4.1 Release (Balance Sheet) for Week Ending February 16, 2017

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 February 11, 2017, is below.

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

Category Action Taken
Bank Holding Companies Anchor Bancshares, Inc., Houston, Texas — to become a bank holding company by acquiring First Bancshares of Texas, Inc., McGregor, and thereby indirectly acquire Security Bank of Crawford, Crawford.

-Approved, February 7, 2017

Central Bancompany, Inc., Jefferson City, Missouri — to acquire Bank Star One, Fulton.

-Approved, February 7, 2017

Personnel Management Division — appointment of Catherine Jack as assistant director.

-Announced, February 7, 2017

Enforcement Raton Capital Corporation, Raton, New Mexico — written agreement dated July 10, 2015, terminated February 3, 2017.

-Announced, February 9, 2017

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 February 16, 2017, 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 February 15, 2017):  $4,500,882 (in millions of dollars). (On September 26, 2007, this amount was $900,473 (in millions of dollars)).

(See the release for further information.)

Monetary Policy Report, February 2017

The Monetary Policy Report hearings for February 2017 were held on February 14 and 15.

U.S. House of Representatives U.S. Senate
February 15, 2017, 10:00 a.m., House Financial Services Committee February 14, 2017, 10:00 a.m., Senate Banking Committee
Press release: http://financialservices.house.gov/calendar/eventsingle.aspx?EventID=401494 Press release: http://www.banking.senate.gov/public/index.cfm/hearings?ID=BC31D43D-6173-4FE5-860E-090DACC47788
Testimony transcript (for both House and Senate):

 

https://www.federalreserve.gov/newsevents/testimony/yellen20170214a.htm

The Monetary Policy Report had a box on the recovery for the Great Recession and its aftermath on pages 6-8. This information is an important addition to the report, especially since the recovery is not affecting all segments of society in the same way. However, thoughts and policy must remain with the long-term unemployed and the underemployed. As long as one person suffering from these events, the recovery is not complete.

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