Federal Reserve

• Economy

  Fed’s Beige Book shows slight to modest growth, recovery uneven

  The U.S. economy continued to grow across the country as it recovered from the coronavirus pandemic, but the picture was uneven, according to a new report from the Federal Reserve.

  9h ago

  
• BankThink OCC undermines own CRA rule by putting key metric on hold

  Delaying a proposed benchmark for grading banks' performance in Community Reinvestment Act exams to appease critics of its initial proposal will make it harder to gauge the final rule’s impact.

  October 21

  

  Warren W. Traiger

  Senior Counsel

  Buckley LLP
• Liquidity requirements

  Industry wins key concession in liquidity rule

  Regulators said they will allow banks to deduct Treasury securities — a source of market volatility in the pandemic — from the net stable funding ratio on the same day they provided relief from auditing requirements.

  By Hannah Lang

  October 20

  
• Digital currencies

  Powell says Fed's digital currency should complement payments system

  Other central banks have considered phasing out cash as they explore digital currencies. Should the idea take hold in the U.S., Federal Reserve Chairman Jerome Powell said it would not replace the physical dollar.

  By Hannah Lang

  October 19

  
• BankThink Don't stand in the way of CRA reform

  Lawmakers’ attempt to stall the OCC’s final rule, preventing regulators from reforming a 1977 law meant to help underserved communities, does far greater harm than any changes that are raising objections, says the acting comptroller.

  October 19

  

  Brian P. Brooks

  Acting Comptroller

  Office of the Comptroller of the Currency
• Law and regulation

  Fed's Kashkari says banks arguing against regulation ‘make stuff up’

  Kashkari, who oversaw the 2008 bank bailouts as a then-Treasury official, has been outspoken in favor of higher capital requirements since he took over at the Minneapolis Fed in 2016.

  October 16

  
• Flood insurance

  M&T Bank fined for flood insurance violations

  The Buffalo, N.Y., bank will pay a $546,000 penalty, which will be passed on to the National Flood Insurance Program to help offset costs.

  By Jon Prior

  October 15

  
• Leveraged loans

  Leveraged lending has avoided pandemic hit. Will that last?

  Defaults have been milder than expected thanks to government relief and stricter underwriting. But with the crisis dragging on and policymakers unable to agree on a stimulus plan, loans to highly indebted companies remain at risk.

  By Hannah Lang

  October 15

  
• Capital requirements

  Fed’s Quarles casts doubt on permanent capital relief for big banks

  Regulators in the spring temporarily eased a key benchmark of balance-sheet strength to allow institutions to help customers navigate the pandemic, but Federal Reserve Vice Chairman Randal Quarles said it would be “premature” right now to suspend it for good.

  By Hannah Lang

  October 14

  
• BankThink The high cost of giving banks too much slack

  Examiners are skilled at spotting trouble but often do too little to correct it, as the latest revelations about Citi once again show. Prompt supervisory intervention is essential to protecting the integrity of the financial system.

  October 14

  

  Karen Petrou

  Managing Partner

  Federal Financial Analytics

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