Monetary Policy Report, February 2020
The Monetary Policy Report hearings were held on February 11 and 12, 2020.
|U.S. House of Representatives||U.S. Senate|
|Tuesday, February 10, 2020, 10:00 a.m., House Financial Services Committee||Wednesday, February 12, 2020|
|Press release: https://financialservices.house.gov/calendar/eventsingle.aspx?EventID=406118||https://www.banking.senate.gov/hearings/02/03/2020/the-semiannual-monetary-policy-report-to-the-congress|
|Monetary Policy Report, issued February 7, 2019|
|Fed Chairman Jerome Powell’s testimony|
See a blog post on an overall comment on Board monetary policy.
Federal Reserve Board: H.2 Release for Week Ending February 15 and 22, 2020; H.4.1 Release (Balance Sheet) for February 20 and 27, 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 8, 2020, is below.
H.2 Release–Action of the Board, Its Staff, and the Federal Reserve Banks; Applications and Reports Received
February 15, 2020
|Testimony and Statements||Monetary Policy — statement by Chair Powell before the House Committee on Financial Services on February 11 and the Senate Committee on Banking, Housing, and Urban Affairs on February 12. -Published, February 11, 2020|
|Enforcement||Deutsche Bank AG, Frankfurt am Main, Germany — cease-and-desist order dated April 20, 2017, terminated February 11, 2020. -Announced, February 13, 2020 Discover Financial Services, Riverwoods, Illinois — written agreement dated May 26, 2015, terminated February 5, 2020. -Announced, February 13, 2020 JPMorgan Chase & Co., New York, New York — cease-and-desist order dated November 17, 2016, terminated February 11, 2020. -Announced, February 13, 2020 The Royal Bank of Scotland PLC, Edinburgh, Scotland, and RBS Securities Inc. (n.k.a NatWest Markets Securities Inc.), Stamford, Connecticut — cease-and-desist order dated May 20, 2015, terminated February 12, 2020. -Announced, February 13, 2020|
February 22, 2020
|Bank Branches, Domestic||Frost Bank, San Antonio, Texas — commenter’s request for review of the delegated approval of the application by Frost Bank to establish a branch at 4321 West Sam Houston Parkway North, Houston. -Denied, February 18, 2020|
|Forms||Forms — initial Board review (1) to extend with revision the Survey of Small Business and Farm Lending (FR 2028) and Joint Standards for Assessing the Diversity Policies and Practices of Entities Regulated by the Agencies (FR 2100); and (2) to extend without revision the Reporting Requirements Associated with Regulation A (FR A). -Approved, February 21, 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 releases for February 20 and 27, 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 19, 2019): $4,219,781 (in millions of dollars) and (as of February 26, 2019): $4,206,417 (in millions of dollars). (On September 26, 2007, this amount was $900,473 (in millions of dollars)).
(See the release for further information.)