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Federal Reserve Board begins 2025 Survey of Consumer Finances
March 2, 2025 / Source: FRB
The Federal Reserve Board in March will begin its regular study of household finances, the Survey of Consumer Finances, which provides the public and policymakers with detailed and important insights into the economic condition of American families. “This survey is an important source of information on the financial well-being of American families,” Federal Reserve Board…
FDIC Issues CRA Examination Schedules for Second Quarter 2025 and Third Quarter 2025
March 2, 2025 / Source: FDIC
WASHINGTON – The Federal Deposit Insurance Corporation (FDIC) today issued the lists of institutions scheduled for a Community Reinvestment Act (CRA) examination during the second quarter 2025 and third quarter 2025. CRA regulations require each federal bank and thrift regulator to publish its quarterly CRA examination schedule at least 30 days before the beginning of each…
Speech – Community Banking
February 27, 2025 / Source: FRB
It is a pleasure to join you today at Fort Hays State University for the Robbins Banking Institute Lecture.1 I have been a supporter of this institute since it was first created here at Fort Hays State, including by giving a lecture to students during my tenure as the Kansas State Bank Commissioner. Today, my view…
OCC Issues Second and Third Quarter 2025 CRA Evaluation Schedule
February 27, 2025 / Source: OCC
WASHINGTONâThe Office of the Comptroller of the Currency (OCC) today released its schedule of Community Reinvestment Act (CRA) evaluations to be conducted in the second and third quarters of 2025. The OCC encourages public comment on the CRA-related activities of the national banks and federal savings associations (collectively, banks) scheduled to be evaluated under the…
Treasury Department Announces New Appointments
February 27, 2025 / Source: Treasury
WASHINGTON â Secretary of the Treasury Scott Bessent announced today key appointments for senior positions at the U.S. Department of the Treasury. Biographies of the appointees are listed below in alphabetical order: Ethan Fallang will serve as Deputy Assistant Secretary for Capital Markets. Mr. Fallang previously was an investor, executive, and board member of Rumble. He…
Secretary Scott Turner Cuts Red Tape by Terminating AFFH Rule
February 26, 2025 / Source: HUD
WASHINGTON – Today, Secretary Scott Turner announced the U.S. Department of Housing and Urban Development (HUD) will terminate the Biden-era 2021 Affirmatively Furthering Fair Housing (AFFH) rule, cutting costly red tape imposed on localities and returning decision-making power to local and state governments. The Biden-era AFFH rule was, in effect a âzoning tax,â which fueled an increase in…
Financial Action Task Force Identifies Jurisdictions with Anti-Money Laundering, Combating the Financing of Terrorism, and Counter-Proliferation Finance Deficiencies
February 26, 2025 / Source: FinCEN
WASHINGTONâThe Financial Crimes Enforcement Network (FinCEN) is informing U.S. financial institutions that the Financial Action Task Force (FATF), an intergovernmental body that establishes international standards for anti-money laundering, countering the financing of terrorism, and countering the financing of proliferation of weapons of mass destruction (AML/CFT/CPF), updated its lists of jurisdictions with strategic AML/CFT/CPF deficiencies at…
FinCEN Reminds Financial Institutions to Remain Vigilant Regarding Potential Relationship Investment Scams
February 26, 2025 / Source: FinCEN
In support of the multiagency #DatingOrDefrauding Campaign, the U.S. Department of the Treasuryâs Financial Crimes Enforcement Network (FinCEN) is reminding financial institutions to remain vigilant regarding suspicious activity that may be indicative of relationship investment scams. The Commodity Futures Trading Commission launched the #DatingOrDefrauding national awareness effort to alert the public to relationship investment scams targeting…
U.S. House Prices Rise 4.5 Percent over the Prior Year; Up 1.4 Percent from the Third Quarter of 2024
February 26, 2025 / Source: FHFA
Washington, D.C. â U.S. house prices rose 4.5 percent between the fourth quarter of 2023 and the fourth quarter of 2024, according to the Federal Housing Finance Agency (FHFA) House Price Index (FHFA HPIÂŽ). House prices were up 1.4 percent compared to the third quarter of 2024. FHFAâs seasonally adjusted monthly index for December was up 0.4 percent from November. âU.S. house…
FDIC-Insured Institutions Reported Return on Assets of 1.11 Percent and Net Income of $66.8 Billion in the Fourth Quarter
February 25, 2025 / Source: FDIC
WASHINGTONâ Reports from 4,487 commercial banks and savings institutions insured by the Federal Deposit Insurance Corporation (FDIC) reported a return on assets (ROA) ratio of 1.11 percent and aggregate net income of $66.8 billion in fourth quarter 2024, an increase of $1.5 billion (2.3 percent) from the prior quarter. An increase in net interest income…
Speech – Managing Financial Crises
February 25, 2025 / Source: FRB
Thank you for the opportunity to speak to you today.1 I note that the objectives of the Program on Financial Stability include “supporting the world’s financial authorities in refining proven crises management tools and strategies.”2 Speaking as a representative of one of those authorities, I thought I would further the program’s goals by focusing these remarks on…
Treasury Department Announces New Appointments
February 25, 2025 / Source: Treasury
WASHINGTON â Secretary of the Treasury Scott Bessent announced today key appointments for senior positions at the U.S. Department of the Treasury. Biographies of the appointees are listed below in alphabetical order: Tyler Badgley will serve as Executive Secretary. Mr. Badgley previously was a Senior Counsel at the U.S. Chamber Litigation Center and an Associate at…
Treasury Imposes Additional Sanctions on Iranâs Shadow Fleet as Part of Maximum Pressure Campaign
February 24, 2025 / Source: Treasury
WASHINGTON â Today, the Department of the Treasuryâs Office of Foreign Assets Control (OFAC), and the U.S. Department of State are imposing sanctions on over 30 persons and vessels in multiple jurisdictions for their role in brokering the sale and transportation of Iranian petroleum-related products. Among those sanctioned today are oil brokers in the United…
FATF Advances Work Combatting Proliferation Financing, Reaffirms Countermeasures Against Iran
February 23, 2025 / Source: Treasury
PARIS â Today, the Financial Action Task Force (FATF)âthe global standard-setting body for anti-money laundering, countering the financing of terrorism, and proliferation of weapons of mass destructionâconcluded a plenary in which representatives from the Department of the Treasury participated. During the plenaryâthe second under the Mexican presidencyâthe FATF discussed ongoing work on evolving proliferation financing and…
Speech – Reading between the Lines? Textual Analysis of Central Bank Communications
February 23, 2025 / Source: FRB
Thank you, President Daly, for organizing this conference and for the opportunity to talk to this group.1 I have paid close attention to the papers presented at this annual conference in the past, and I look forward to today’s presentations and discussion. Today, I will talk about central bank communications and the use of textual analysis…
Speech – Risks and Challenges for Bank Regulation and Supervision
February 20, 2025 / Source: FRB
Banks play an indispensable role in an economy that works for everyone.1 They enable households to borrow to buy a home, save for the future, and deal with the ups and downs of managing finances. Banks provide the credit for businesses to smooth out income and expenses, supply capital to seize new opportunities and create jobs,…
HUD Secretary Scott Turner Launches DOGE Task Force to Eliminate Waste, Fraud and Abuse
February 20, 2025 / Source: HUD
WASHINGTON – Today, HUD Secretary Scott Turner cancelled $4 million in contracts promoting âdiversity, equity, and inclusionâ (DEI). This savings for the American taxpayer was found by the HUD DOGE Task Force and is part of the departmentâs larger $260 million review of all contract expenditures. The terminated contracts were intended for âDEI culture transformation,â including outward…
HUD and DOGE Recover $1.9 Billion of Misplaced Taxpayer Dollars
February 20, 2025 / Source: HUD
WASHINGTON – U.S. Department of Housing and Urban Development (HUD) Secretary Scott Turner announced that the U.S. Department of Government Efficiency (DOGE) Task Force at HUD recovered $1.9 billion of funds misplaced by the Biden administration. DOGE and HUD worked together to de-obligate the funds and return them back to the U.S. Treasury. On February 13, HUD launched a DOGE…
FFIEC Announcement 2025-01
February 20, 2025 / Source: FFIEC
UBPR Interest Rate Risk Analysis Page Content Changes The Federal Financial Institutions Examination Councilâs member agencies are making changes to the Uniform Bank Performance Reportâs Interest Rate Risk Analysis page on or shortly after February 22, 2025. These changes, being led by the Task Force on Surveillance Systems, are part of a previously announced ongoing…
Secretary Bessent Reopens Treasury Buildingâs Historic Gallatin Entrance
February 19, 2025 / Source: Treasury
WASHINGTON â Treasury Secretary Scott Bessent has reopened the historic front entrance of the Treasury Department building at 1500 Pennsylvania Avenue, marking the first time the entry has been open since the 2020 COVID pandemic. âThese doors have witnessed great American history, and they were closed for too long. For the first time in almost…
Artificial Intelligence: Hypothetical Scenarios for the Future
February 18, 2025 / Source: FRB
Advances in artificial intelligence (AI) have accelerated rapidly over the past few years.1 It is now commonplace to see autonomous vehicles navigating city streets, and generative AI tools are available on phones and other devices wherever we go. AI innovations make headlines and play a big role in financial markets, and generative AI has the potential…
Treasury International Capital Data for December
February 18, 2025 / Source: Treasury
Washington â The U.S. Department of the Treasury today released Treasury International Capital (TIC) data for December 2024. The next release, which will report on data for January 2025, is scheduled for March 19, 2025. The sum total in December of all net foreign acquisitions of long-term securities, short-term U.S. securities, and banking flows was a…
HUD Secretary Scott Turner Launches DOGE Task Force to Eliminate Waste, Fraud and Abuse
February 16, 2025 / Source: HUD
WASHINGTON – The U.S. Department of Housing and Urban Development (HUD) will launch a U.S. Department of Government Efficiency (DOGE) Task Force to review how HUD is spending American taxpayer dollars. The task force will be composed of HUD employees who will examine how to best maximize the agencyâs budget and ensure all programs, processes and…
SEC Announces 44th Annual Small Business Forum to Impact Capital-Raising Policy
February 16, 2025 / Source: SEC
Washington D.C., Feb. 14, 2025 â The Securities and Exchange Commission will host the SECâs 44th Annual Government-Business Forum on Small Business Capital Formation at SEC Headquarters in Washington, D.C. on April 10 from 1 â 4:30 p.m. ET. The forum brings together members of the public and private sectors to discuss and provide suggestions to improve…
OCC Releases Dodd-Frank Act Stress Test Scenarios for 2025
February 13, 2025 / Source: OCC
WASHINGTONâThe Office of the Comptroller of the Currency (OCC) released economic and financial market scenarios for use in the upcoming stress tests for covered institutions. The supervisory scenarios include baseline and severely adverse scenarios. Covered institutions are required to use the scenarios to conduct stress tests. The results of the company-run stress tests provide the…