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Interest Rates- US: H15 ND 2010-11-25 FRB Market yield on U.S. Treasury securities at 5-year constant maturity, quoted on investment basis, inflation-indexed
- US: H15 ND 2010-11-25 FRB Federal funds effective rate
- US: H15 ND 2010-11-25 FRB 30-Day AA Nonfinancial Commercial Paper Interest Rate
- US: H15 ND 2010-11-25 FRB Rate paid by fixed-rate payer on an interest rate swap with maturity of three year.
- US: H15 ND 2010-11-25 FRB 60-Day AA Nonfinancial Commercial Paper Interest Rate
- Trade (FTC)
- FTC Approves Final Order Settling Charges That Public Relations Firm Used Misleading Online Endorsements to Market Gaming AppsFollowing a public comment period, the Federal Trade Commission has approved a final order settling charges that Reverb Communications, Inc., and its owner, Tracie Snitker, engaged in deceptive advertising. […]
- FTC Approves Final Order Settling Charges That Public Relations Firm Used Misleading Online Endorsements to Market Gaming Apps
- Commerce News
- Commerce Spectrum Management Advisory Committee Notice of Open Meeting by TeleconferenceNTIA announced a public meeting of the Commerce Spectrum Management Advisory Committee (Committee), which will take place through a telephone conference call (teleconference). The Committee provides advice to the Assistant Secretary of Commerce for Communications and Information on spectrum management policy matters. The meeting will be held on December 13, […]
- Commerce Spectrum Management Advisory Committee Notice of Open Meeting by Teleconference
- Small Business News
- Chief Counsel Endorses Repeal of 1099On November 18, 2010, Chief Counsel for Advocacy Winslow Sargeant, Ph.D., testified before the U.S. Senate Committee on Small Business and Entrepreneurship hearing on “Assessing the Regulatory and Administrative Burdens on America’s Small Businesses.” […]
- Chief Counsel Endorses Repeal of 1099
- Monetary Policy
- Cost Estimates
- S. 3806, SECURE Facilities Act of 2010Cost estimate for the bill as ordered reported by the Senate Committee on Homeland Security and Governmental Affairs on September 29, 2010 […]
- H.R. 4783, the Claims Resolutions Act of 2010 as passed by the SenatePay-as-you-go table for the act as passed by the Senate on November 19, 2010 […]
- S. 3517, Claims Processing Improvement Act of 2010Cost estimate for the bill as ordered reported by the Senate Committee on Veterans' Affairs on August 5, 2010 […]
- S. 3806, SECURE Facilities Act of 2010
- Banking
- OCC Releases CRA Evaluations For 18 National BanksThe Office of the Comptroller of the Currency (OCC) today released a list of Community Reinvestment Act (CRA) performance evaluations that became public during the period of October 15, 2010 through November 14, 2010. […]
- OCC Releases CRA Evaluations For 18 National Banks
NCUA Transferring Shares
November 22, 2010, Alexandria, Va. – The National Credit Union Administration today provided additional details regarding the November 30th liquidation of Constitution Corporate Federal Credit Union, of South Wallingford, Connecticut. As part of NCUA’s commitment that payment processing and other support for the members of Constitution continue uninterrupted, NCUA is transferring Constitution’s operations to Members United Bridge Corporate Federal Credit Union (Members United), a corporate credit union located in Warrenville, Illinois. Members United will assume Constitution’s members, shares, and business processes to ensure ongoing service to the credit unions and their consumer members. All Constitution term certificates will transfer to Members United at their same rate and maturity. New certificates will be issued under Members United’s current policies.
Over the next 90 days, the former members of Constitution will transition to the systems and processes provided by Members United, with no negative impact on service to the members of either corporate credit union. Once that transition is complete, the Connecticut facility will be closed. However, Members United will maintain a presence in Connecticut with three locally-based, long-tenured staff members who will continue to serve Connecticut members.
Constitution’s distressed mortgage backed securities will remain in an asset management estate, and will not be assumed by Members United. NCUA will securitize Constitution’s distressed assets, by the end of February 2011, using the same process for similar assets once held by Members United Corporate Federal Credit Union, SouthWest Corporate Federal Credit Union, WesCorp Federal Credit Union, and U.S. Central Corporate Federal Credit Union.
National Credit Union Administration
1775 Duke Street
Alexandria, VA 22314-3428
www.ncua.gov
Media Contact: NCUA Office of Public & Congressional Affairs
Phone: (703) 518-6330
Email: pacamail@ncua.gov
NCUA is the independent federal agency that regulates, charters and supervises federal credit unions. With the backing of the full faith and credit of the U.S. government, NCUA operates and manages the National Credit Union Share Insurance Fund, insuring the deposits of over 90 million account holders in all federal credit unions and the overwhelming majority of state-chartered credit unions.