Federal Reserve Board: H.2 Release for Week Ending June 24, 2017; H.4.1 Release (Balance Sheet) for Week Ending June 29, 2017; July 2017 MPR Press Release

The semiannual Monetary Policy Report to the Congress will be in the House of Representatives on July 12, 2017. The Senate’s hearing has not been announced (as of the date of this blog post), but it will likely be held on the next day, July 13.

Monetary Policy Report, July 2017

The Monetary Policy Report hearings will be held on July 12 and 13, 2017.

U.S. House of Representatives U.S. Senate
July 12, 2017, 10:00 a.m., House Financial Services Committee July 13, 2017, 10:00 a.m., Senate Banking Committee
Press release: https://financialservices.house.gov/news/documentsingle.aspx?DocumentID=402097 Press release:

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 June 24, 2017, 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 Regulation and Economic Growth — statement by Governor Powell before the Senate Committee on Banking, Housing, and Urban Affairs on the relationship between regulation and economic growth.

-Published, June 22, 2017

Forms Forms — initial Board review to extend without revision the Compensation and Salary Surveys (FR 29a, FR 29b).

-Proposed, June 22, 2017

Regulations and Policies Host State Lending Ratios — interagency release of the host state loan-to-deposit ratios used by the banking agencies to determine compliance with the Riegle-Neal Interstate Banking and Branching Efficiency Act.

-Announced, June 21, 2017

Savings and Loans Holding Companies Seneca Federal Savings and Loan Association, Baldwinsville, New York, and Ponce de Leon Federal Bank, Bronx — requests for limited waivers under Regulation MM in connection with their proposed reorganizations to mutual holding company form and related initial public offerings; and delegation of authority to the Federal Reserve Banks to grant waivers of certain provisions concerning mutual holding company stock issuances in similar circumstances that do not raise significant legal, policy, or supervisory concerns.

-Granted, June 22, 2017

Supervision and Regulation Stress Tests and Capital Plan Reviews — 2017 results.

-Approved, June 21, 2017

Enforcement Bank of New York Mellon Corporation, New York, New York — issuance of a consent order of assessment of a civil money penalty.

-Approved, June 19, 2017


JPMorgan Chase & Co., New York, New York — written agreement dated July 6, 2011, terminated June 16, 2017.

-Announced, June 20, 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 June 29, 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 June 28, 2017):  $4,509,646 (in millions of dollars). (On September 26, 2007, this amount was $900,473 (in millions of dollars)).

(See the release for further information.)