Federal Reserve Board: H.2 Release for Week Ending March 25, 2017; H.4.1 Release (Balance Sheet) for Week Ending March 30, 2017; Three “Of Note” Items

Of Note

According to a Reuters report, The Federal Reserve could gradually wind down its balance sheet, N.Y. Fed President, William Dudley said.

(Update on the Fed’s $4.5 billion balance sheet is below.)

Chair Janet Yellen gave a speech entitled “Addressing Workforce Development Challenges in Low-Income Communities,” at “Creating a Just Economy,” the 2017 annual conference of the National Community Reinvestment Coalition, Washington, D.C.

Comment:  The Chair encouraged entrepreneurship in workforce development, but also observed that capital for such small businesses is hard to find because of factors like “[a] lack of a credit history or a poor credit history and limited collateral–for example, home equity.”

The two observations cancel each other out.

[I cannot help being a bit disappointed with the presentation of this unworkable idea–a possible sign of Fed disinterest. If you must encourage Congress to act (with research and practical, real-world findings), do so, Chair Yellen, rather than give out discouragement.]

United States (population: 308,745,538) (2010 Census)


Percentage of population








Native American






The Board published its 2017 Report to the Congress on the Office of Minority and Women Inclusion. (Note: This blog will prepare and post a synopsis of this report in the near future.)

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 March 25, 2017, is below.

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

Category Action Taken
Personnel Division of Monetary Affairs — appointment of Laura Lipscomb as assistant director and Edward Nelson as senior adviser.

-Announced, March 21, 2017


Management Division — appointment of Winona Varnon as deputy director and David Capp as senior adviser.

-Approved, March 22, 2017


Supervision and Regulation Resolution Plans — joint Board and Federal Deposit Insurance Corporation guidance on the resolution planning requirements of the Dodd-Frank Act for four foreign banking organizations (FBOs) (Barclays PLC, Credit Suisse Group AG, Deutsche Bank AG, and UBS AG); and extension to July 1, 2018, of the FBOs’ 2016 and 2017 resolution plan submission dates.

-Approved, March 22, 2017


Resolution Plans — joint Board and Federal Deposit Insurance Corporation feedback on the December 2015 resolution plans of 16 domestic banking organizations; and instructions and guidance for the development of the firms’ December 2017 resolution plans, in accordance with the Dodd-Frank Act.

-Approved, March 22, 2017


Enforcement HCSB Financial Corporation, Loris, South Carolina — written agreement issued May 9, 2011, terminated March 21, 2017.

-Announced, March 23, 2017


Santander Holdings USA, Inc., Boston, Massachusetts; and Santander Consumer USA Inc., Dallas, Texas — written agreement with the Federal Reserve Bank of Boston.

-Announced, March 23, 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 March 30, 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 March 29, 2017):  $4,515,652 (in millions of dollars). (On September 26, 2007, this amount was $900,473 (in millions of dollars)).

(See the release for further information.)