(1) Employment-related cases filed against the Board.
Handy v. Board of Governors, No. 17-cv-274 (E.D. Va., filed May 4, 2017). Employment claim.
Mitchell v. Yellen, No. 17-182 (D.D.C., filed January 27, 2017). Employment discrimination case.
Hardy v. Yellen, No. 16-1572 (D.D.C., filed August 2, 2016). Employment discrimination claim.
Richardson v. Board of Governors et al., No. 16-cv-00867 (D.D.C., filed May 9, 2016). Claims arising out of termination of employment.
Richardson v. Board of Governors, No. 14-cv-01673 (D.D.C., filed October 8, 2014). Employment discrimination claim.
Burford v. Yellen, No. 15-cv-02074 (D.D.C., filed December 1, 2015). Employment discrimination claim.
Artis v. Greenspan, No. 15-5260 (D.C. Cir., notice of appeal filed September 19, 2015). Appeal of dismissal of plaintiffs’ Equal Employment Opportunity claims. On December 21, 2015, the Court of Appeals summarily affirmed the district court’s dismissal. On October 3, 2016, the Supreme Court denied plaintiffs’ petition for certiorari (No. 15-1543).
[Author’s note: This case has been the subject of several blog posts.]
(3) Oligarchy admission? Stephen Cloobeck, millionaire, and political donor stated on cable network MSNBC that he told Democratic Party leaders in Congress that if the party moves too far left “he’s out” (in other words, he will not donate to the party).
In other news, Cloobeck stated on Twitter that he will no longer endorse Sen. Dean Heller (R-Nev.).
Comment: It is time for money to get out of politics.
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 October 28, 2017, is below.
H.2 Release–Actions of the Board, Its Staff, and the Federal Reserve Banks; Applications and Reports Received
|Bank Holding Companies||First Horizon National Corporation, Memphis, Tennessee — to merge with Capital Bank Financial Corp., Charlotte, North Carolina, and thereby indirectly acquire Capital Bank Corp., Raleigh.
-Approved, October 29, 2017
Southside Bancshares, Inc., Tyler, Texas — to merge with Diboll State Bancshares, Inc., Diboll, and thereby indirectly acquire First Bank & Trust East Texas.
|Enforcement||Liberty Shares, Inc. (now Heritage Bancorporation, Inc.), Hinesville, Georgia — written agreement issued May 9, 2011, terminated October 23, 2017.
-Announced, October 31, 2017
Wayne Bank and Trust Company, Cambridge City, Indiana — issuance of a consent order of assessment of a civil money penalty.
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 November 9, 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 November 8, 2017): $4,505,435 (in millions of dollars). (On September 26, 2007, this amount was $900,473 (in millions of dollars)).
(See the release for further information.)