Federal Reserve Board: H.2 Release for Week Ending February 1, 2020; H.4.1 Release (Balance Sheet) for February 6, 2020

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 1, 2020, is below.

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

CategoryAction Taken
FormsForms — initial board review to extend without revision the Notification of Nonfinancial Data Processing Activities (FR 4021); final Board review to extend with revision the Intermittent Survey of Businesses (FR 1374); and final Board review to extend without revision the Filings Related to the Gramm-Leach-Bliley Act (FR 4010, FR 4011, FR 4012, FR 4017, FR 4019, and FR 4023). -Approved, January 29, 2020  
PersonnelDivision of Financial Management — appointment of Thomas Murphy as deputy associate director. -Approved, January 17, 2020 (A/C)
Regulations and PoliciesVolcker Rule, and Determination of Control Over Banking Organizations — (1) publication for comment of a notice of proposed rulemaking to clarify and streamline the Volcker Rule’s “covered funds” restrictions, and (2) final rule to simplify and increase the transparency of rules for determining control of a banking organization. -Approved, January 30, 2020
EnforcementAlden State Bank, Alden, New York — consent order of assessment of a civil money penalty pursuant to the National Flood Insurance Act. -Announced, January 30, 2020   Farmers & Merchants Bank, Baldwyn, Mississippi — issuance of a final decision and an order of prohibition requiring restitution, and assessment of a civil money penalty against Carol Allen, a former institution-affiliated party. -Approved, January 29, 2020   The Goldman Sachs Group, Inc., New York, New York — issuance of a consent order of prohibition against Andrea Vella, an institution-affiliated party of certain nonbank subsidiaries of The Goldman Sachs Group, Inc. -Approved, January 31, 2020  

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 6, 2020, 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 6, 2019):  $4,214,936 (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 January 25, 2020; H.4.1 Release (Balance Sheet) for January 30, 2020

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 January 25, 2020, is below.

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

Category Action Taken
Personnel Division of Management — appointment of Donna Butler as deputy associate director.

-Announced, January 23, 2020

 

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 January 30, 2020, 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 January 29, 2019):  $4,199,300 (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 January 18, 2020; H.4.1 Release (Balance Sheet) for January 23, 2020

Of Note

The hidden homeless and financial precarity. The Federal Reserve’s pronouncements are so high level that it is not certain whether any of the much-watched events there have any real effect. Much humility is needed at 20th Street and Constitution Avenue, NW.

Federal Reserve policy affects human lives not just financial currency; the so-called policymakers need to keep this in mind at all times. A column about the hidden homeless–children--by Washington Post columnist Petula Dvorak demonstrates the point.

“But there is also an elusive, vulnerable population in the homeless community that wasn’t counted in the nationwide January survey. They hide, they fudge the truth, they get off the bus at random stops, walk two extra blocks and never hang out with their better-off friends after school. They’re homeless kids.”

One needs $143,000 to live comfortably in the Washington, D.C., metropolitan area. The largest employer, the federal government, pays aGS-9, step 1 level employee $59,534 (a shortage of $83,466). This suggests a great level of people living a precarious life financially. One bit of bad news will cause a crisis–cancer diagnosis, expensive car repair, and so on.


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 January 18, 2020, is below.

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

Category Action Taken
Advisory Council Community Depository Institutions Advisory Council — announcement of members and designation of Dorothy A. Savarese as president for 2020.

-Announced, January 14, 2020

 

 

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 January 23, 2020, 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 January 22, 2019):  $4,194,078 (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 January 11, 2020; H.4.1 Release (Balance Sheet) for January 16, 2020

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 January 11, 2020, is below.

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

 

Category Action Taken
Forms Forms — initial Board review to implement the Pre-Hire Conflict of Interest Screening Form (FR-28c); initial Board review to extend with revision the Census of Finance Companies (FR 3033p), Survey of Finance Companies (FR 3033s), and Market Risk Capital Rule (FR 4201); initial Board review to extend without revision the Registration of Mortgage Loan Originators (CFPB G); and final Board review to extend without revision the Recordkeeping and Disclosure Requirements Associated with Regulation RR (FR RR).

-Approved, January 10, 2020

 

 

Regulations and Policies Presidential Coins — annual report to Congress on the Presidential $1 Coin Program.

-Approved, December 9, 2019

(A/C)

 

 

Reserve Bank Operations Reserve Bank Directors— designation of chairs and deputy chairs of the Federal Reserve Banks for 2020.

-Announced, January 10, 2020

 

Enforcement Administrative Law Judge — orders reassigning three enforcement cases to Administrative Law Judge Jennifer Whang and lifting a stay of proceedings.

-Approved, January 9, 2020

 

United Bank of El Paso del Norte, El Paso, Texas — issuance of a consent cease-and-desist order.

-Announced, January 9, 2020

 

 

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 January 16, 2020, 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 January 15, 2019):  $4,224,124 (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 January 4, 2020; H.4.1 Release (Balance Sheet) for January 9, 2020

Of Note

Federal Reserve Strategic Plans

The Federal Reserve published its strategic plan for 2020-2023. Will the Fed’s Diversity and Inclusion Strategic Plan be revised for 2020-2023? The first and so far only D&I strategic plan was for 2016-2019.

Chairs and Deputy Chairs of the Federal Reserve Banks

The Fed named the chairs and deputy chairs of the Federal Reserve Banks. Quite a number are current or retired corporate executives.

Comment: No wonder very few “anecdotes” come from labor-affiliated sources and why Fed policy is so skewed to corporations. The corporations that only care about so-called “shareholder value”, often without concern about the harm to society.

What good is “profit” if the society has collapsed?


 

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 January 4, 2020, is below.

 

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

 

Category Action Taken
None None

 

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 January 9, 2020, 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 January 8, 2019):  $4,197,813 (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 28, 2019; H.4.1 Release (Balance Sheet) for January 2, 2020

H.2 Release: Board Actions

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 28, 2019, is below.

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

Category Action Taken
Board Operations Board Strategic Plan — strategic plan for 2020-23.

-Approved, December 17, 2019

(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 January 2, 2020, 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 January 1, 2019):  $4,221,387 (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 21, 2019; H.4.1 Release (Balance Sheet) for Week Ending December 26, 2019

Of Note–

New Division Director for International Finance, Beth Anne Wilson, Ph.D. (See below for the link to the press release.)

H.2 Release: Board Actions

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 21, 2019, is below.

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

 

Category Action Taken
Forms Forms — final Board review with revision of the Mutual Holding Company Forms (FR MM-10(o)-1, FR MM-10(o)-2, FR MM-AC, FR MM-PS, FR MM-OC, and FR MM-OF), Notice by Financial institutions of Government Securities Broker or Government Securities Dealer Activities (FR G-FIN), and the Notice by Financial Institutions of Termination of Activities as a Government Securities Broker or Government Securities Dealer (FR G-FINW); and final Board review without revision of the Notice of Branch Closure (FR 4031), Transfer Agent Registration and Amendment Form (Form TA-1), and Savings Association Holding Company Report (FR LL-(b)11).

-Approved, December 16, 2019

 

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

-Approved, December 17, 2019

 

Forms — initial Board review to extend with revision the Financial Statements for Holding Companies (FR Y-9C, FR Y-9LP, FR Y-9SP, FR Y-9ES, and FR Y-9CS).

-Approved, December 17, 2019

 

Forms — final Board review to extend with revision the Banking Organization Systemic Risk Report (FR Y-15).

-Approved, December 17, 2019

 

Forms — final Board review to extend with revision the Financial Statements for Holding Companies (FR Y-9C, FR Y-9LP, FR Y-9SP, FR Y-9ES, and FR Y-9CS).

-Approved, December 17, 2019

Personnel Division of International Finance — appointment of Beth Anne Wilson as director and reassignment of Steven Kamin as senior adviser.

-Approved, December 17, 2019

 

Division of Supervision and Regulation — appointment of Lara Lylozian as deputy associate director.

-Approved, December 16, 2019

 

Legal Division — appointment of Laurie Schaffer as deputy general counsel, Jean Anderson as associate general counsel, and Alison Thro and Cary Williams as deputy associate general counsels.

-Announced, December 19, 2019

 

Regulations and Policies Credit Risk Retention — interagency notice of commencement of review of the definition of qualified residential mortgage, the community-focused residential mortgage exemption, and the exemption for qualifying three- to four-unit residential mortgage loans, as currently set forth in the Credit Risk Retention regulations as adopted by the agencies.

-Published, December 20, 2019

Reserve Bank Services Enhanced Same-Day Automated Clearing House (ACH) Service — (1) modifications to the Federal Reserve Banks’ National Settlement Service and Fedwire Funds Service to support enhancements to the same-day ACH service, and (2) corresponding changes to the Federal Reserve Policy on Payment System Risk.

-Approved, December 19, 2019

Enforcement Société Générale S.A., Paris, France; and Société Générale, New York Branch, New York, New York — written agreement with the Federal Reserve Bank of New York.

-Announced, December 19, 2019

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 26, 2019, 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 25, 2019):  $4,213,891 (in millions of dollars). (On September 26, 2007, this amount was $900,473 (in millions of dollars)).

(See the release for further information.)