Federal Reserve Board: H.2 Release for Week Ending February 9, 2018; H.4.1 Release (Balance Sheet) for Week Ending February 14, 2019

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 9, 2018, is below.

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

Category Action Taken
Bank Branches, Domestic Regions Bank, Birmingham, Alabama — to establish seven branches in Georgia, Illinois, Missouri, Tennessee, and Texas.

-Approved, February 5, 2019

Forms Forms — initial Board review to extend with revision the Central Bank Survey of Foreign Exchange and Derivatives Market Activity (FR 3036).

-Proposed, February 4, 2019

 

Forms — final Board review to extend without revision the Notice Requirements Associated with Regulation W (FR W).

-Approved, February 5, 2019

Regulations and Policies Regulation H — interagency final rule to implement the private flood insurance provisions of the Biggert-Waters Flood Insurance Reform Act.

-Approved, February 7, 2019

 

Stress Testing — (1) Final notice of enhanced disclosure of the models used in the supervisory stress tests conducted under Regulation YY, (2) final Stress Testing Policy Statement (Regulation YY, Appendix B) for supervisory stress testing, and (3) final rule amending the Policy Statement on the Scenario Design Framework for Stress Testing (Regulation YY, Appendix A).

-Approved, February 4, 2019

 

Supervision and Regulation 2019 Stress Testing and Capital-Plan Submissions — relief from certain stress testing and capital-plan submission requirements for certain U.S. bank holding companies with assets of between $100 billion and $250 billion and certain U.S. intermediate holding companies with assets of less than $250 billion.

-Approved, February 5, 2019

Enforcement Mariner’s Bancorp, Edgewater, New Jersey — issuance of a consent notice of suspension and prohibition against Fred Daibes, a former institution-affiliated party of Mariner’s Bancorp.

-Announced, February 5, 2019

 

SunTrust Bank, Atlanta, Georgia — issuance of a consent order of prohibition against Alison Keefe, a former institution-affiliated party of SunTrust Bank.

-Announced, February 7, 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 February 14, 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 February 13, 2019):  $4,193,628 (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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Federal Reserve Board: H.2 Release for Week Ending February 2, 2018; H.4.1 Release (Balance Sheet) for Week Ending February 7, 2019

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 2, 2018, is below.

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

Category Action Taken
Forms Forms — final Board review to extend without revision the Basel II Interagency Pillar 2 Supervisory Guidance (Pillar 2 Guidance) (FR 4199).

-Approved, January 28, 2019

 

Forms — initial Board review to extend without revision the Recordkeeping Requirements of Regulation H and Regulation K Associated with the Procedures for Monitoring Bank Secrecy Act Compliance (FR K).

-Proposed, January 28, 2019

 

Forms — initial Board review to extend with revision the Suspicious Activity Report (FR 2230).

-Proposed, January 28, 2019

 

Forms — final Board review to extend without revision the Disclosure Requirements of Subpart H of Regulation H (Consumer Protections in Sales of Insurance) (Reg H-7).

-Approved, January 28, 2019

Enforcement Frost Bank, San Antonio, Texas — issuance of a consent order of prohibition and cease-and-desist order against Raysol Villalobos, a/k/a/ Ray Galvan, a former institution-affiliated party.

-Approved, January 16, 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 February 7, 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 February 6, 2019):  $4,074,157 (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 26, 2018; H.4.1 Release (Balance Sheet) for Week Ending January 31, 2019

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 26, 2018, is below.

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

Category Action Taken
Bank Mergers Equity Bank, Andover, Kansas — to acquire certain assets and assume certain liabilities of MidFirst Bank, Oklahoma City, Oklahoma, and thereby establish branches.

-Approved, January 23, 2019

Personnel Division of Research and Statistics — appointment of Stacey M. Tevlin as director.

-Announced, January 25, 2019

 

Enforcement CFG Community Bank, Baltimore, Maryland — consent order of prohibition against David Lavine, a former institution-affiliated party.

-Announced, January 22, 2019

Deutsche Bank AG, Frankfurt am Main, Germany — remediation plan submitted by Deutsche Bank AG, as required under the Board’s 2015 enforcement action.

-Approved, January 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 31, 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 January 30, 2019):  $4,086,600 (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 19, 2018; H.4.1 Release (Balance Sheet) for Week Ending January 24, 2019

Of Note–

Stacy Tevlin, Ph.D., to be the Federal Reserve Board’s Division Director, Research and Statistics, starting on February 4, 2019.

Tevlin replaces David Wilcox, Ph.D., who retired as Division Director, Research and Statistics, at the end of December 2018.


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 19, 2018, is below.

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

Category Action Taken
Forms Forms — initial Board review to extend without revision the Application Form for Membership on the Community Advisory Council (FR 1401).

-Proposed, January 17, 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 January 24, 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 January 23, 2019):  $4,094,733 (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 12, 2018; H.4.1 Release (Balance Sheet) for Week Ending January 17, 2019

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 12, 2018, 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 First Busey Corporation, Champaign, Illinois — to merge with The Banc Ed Corp., Edwardsville, and thereby indirectly acquire The Bank of Edwardsville.

-Approved, January 10, 2019

Forms Forms — final Board review to extend without revision the Supervisory and Regulatory Survey (FR 3052).

-Approved, January 10, 2019

 

Forms — initial Board review to extend without revision the Registration of a Securities Holding Company (FR 2082).

-Proposed, January 10, 2019

 

Forms — final Board review to extend without revision the Policy Impact Survey (FR 3075).

-Approved, January 10, 2019

Personnel Division of Information Technology — appointment of Glenn Eskow, Rajasekhar Yelisetty, and Sheryl Warren as senior associate directors; Deborah Prespare and Eric Turner as deputy associate directors; and Charles Young as associate director.

-Announced, January 9, 2019

Regulations and Policies Stress Test Rules — publication for comment of a notice of proposed rulemaking that would amend the Board’s company-run and supervisory stress test rules, consistent with the Economic Growth, Regulatory Relief, and Consumer Protection Act.

-Approved, January 6, 2019

Reserve Bank Operations Reserve Bank Directors — designation of chairs and deputy chairs of the Federal Reserve Banks for 2019.

-Announced, January 9, 2019

Savings and Loan Holding Companies Auto Club Trust, FSB, Dearborn, Michigan — request for an exception from the anti-tying restrictions of the Home Owners’ Loan Act.

-Granted, January 7, 2019

Enforcement A.E. Bancorp, Inc., Buffalo Grove, Illinois — written agreement dated July 1, 2010, terminated January 9, 2019.

-Announced, January 10, 2019

 

Commercial State Bank, Andrews, Texas — issuance of a consent cease-and-desist order.

-Announced, January 8, 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 January 17, 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 January 16, 2019):  $4,097,864 (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 5, 2018; H.4.1 Release (Balance Sheet) for Week Ending January 10, 2019

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 29, 2018, is below.

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

Category Action Taken
Forms Forms — initial Board review to extend without revision the Recordkeeping and Disclosure Requirements Associated with Loans Secured by Real Estate Located in Flood Hazard Areas (Reg H-2).

-Proposed, January 4, 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 January 10, 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 January 9, 2019):  $4,104,339 (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 29, 2018; H.4.1 Release (Balance Sheet) for Week Ending January 3, 2019

Of Note

(1) Jerome Powell and unemployment. I have been consistently displeased with the millionaire-centered monetary policy of the Federal Reserve Board. Jerome Powell, a multimillionaire who does not need to have a job, cavalierly discusses this point. For those that have to work, or depend on others working to bring in money to the household, his views are, at best, disturbing and immoral.

Jerome Powell made a comment at the 2019 American Economic Association Conference in Atlanta, Georgia, at the session titled “Federal Reserve Chairs: Joint Interview” (Credit to a Twitter post written by Matthew Boes, Bloomberg):

We need the concept of a natural rate of unemployment … we need to have some sense of whether unemployment is high, low or just right.

Comment: Powell’s net worth is approximately $112 million. Also, the Board Chairman’s view is not surprising. Previously, Federal Open Market Committee (FOMC) members laughed at the unemployed.

net worth fed chairs

This is what Coretta Scott King has to say on unemployment (a quote in David P. Stein’s article) in Stein’s tweet:

It is time we put a stop to this antisocial and antihuman strategy. The unemployed are not pawns to be sacrificed in some economic chess game. – Coretta Scott King, Hearing before the Joint Economic Committee, 1975.


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 29, 2018, is below.

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

Category Action Taken
Supervision and Regulation National Flood Insurance Program (NFIP) — interagency statement on financial institutions issuing loans when the NFIP is unavailable.

-Announced, December 28, 2018

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 3, 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 January 2, 2019):  $4,106,185 (in millions of dollars). (On September 26, 2007, this amount was $900,473 (in millions of dollars)).

(See the release for further information.)