Report on International Economic and Exchange Rate Policies Released
(US Treasury,
)
| | Today, the Treasury Department released the Semi Annual Report to Congress on International Economic and Exchange Rate Policies. Where appropriate the report includes data through early April 2009, however, the primary focus is international economic and foreign exchange data and |
Treasury Releases March Economic Stats--Unemployment Reaches 26 Year High
(US Treasury,
)
| | The Labor Department statistics released today show that the U.S. economy lost 663,000 jobs in March and the unemployment rate rose to 8.5 percent, the highest in 26 years. U.S. Economic Statistics Monthly Data |
List of Banks Evaluated for CRA Compliance Released
(FDIC,
)
| | Today, the Federal Deposit Insurance Corporation (FDIC) released a list of non member banks that were examined in January of 2009 for compliance with the Community Reinvestment Act (CRA). More information, including the recent evaluations, can be found on the FDIC's website |
Dodd, Frank to Work Together to Enhance Regulatory Framework
(Senate,
House,
)
| | In a letter sent to Obama today, Senator Chris Dodd, Chairman of the Senate Committee on Banking, Housing and Urban Affairs, and Congressman Barney Frank, Chairman of the House Financial Services Committee pledged that they will work together bicamerally to modernize |
Federal Reserve Releases FOMC Statement
(Fed,
US Treasury,
)
| | The Federal Reserve today announced that over the next 6 months it will purchase up to $300 billion of Treasury securities to improve private credit market conditions. In an effort to provide "greater support to mortgage lending and housing markets", |
Senate Panel Eaxmines Consumer Protections in Financial Services
(Senate,
)
| | The Senate Banking Committee held a hearing today on "Consumer Protections in Financial Services Past Problems, Future Solutions". Witnesses included Steve Bartlett, President and CEO of Financial Services Roundtable Ellen Seidman, Senior Fellow of New America Foundation and Executive Vice President |
Geithner Discusses Budget Before House Ways and Means Committee
(House,
Obama,
)
| | Today, U.S. Treasury Secretary Tim Geithner testified before the House Ways and Means Committee on the President's Budget. His testimony, as prepared for delivery, was designed to Describe the economic and financial challenges that greeted us upon our arrival in |
Economic Assessments of Banking Organizations Set to Begin
(Fed,
FDIC,
OTS,
)
| | As the Capital Assistance Program (CAP) gets underway, the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation (FDIC), the Office of the Comptroller of the Currency, and the Office of Thrift Supervision (OTC) jointly announced |
Terms of Capital Assistance Program Announced
(US Treasury,
Stimulus,
)
| | Today the U.S. Treasury released the terms and conditions of the Capital Assistance Program (CAP). They include Terms Capital provided under the CAP will be in the form of a preferred security that is convertible into common equity at a |
SEC Releases Q&A on Say on Pay
(SEC,
Stimulus,
)
| | The SEC has posted a brief Q&A on the issue of nonbinding shareholder votes. The Q&A references the letter transmitted by Senator Dodd late last week. Q&A on Say on Pay |
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