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Interest Rates
- US: H15 0.21 2010-12-22 FRB Market yield on U.S. Treasury securities at 5-year constant maturity, quoted on investment basis, inflation-indexed
- US: H15 0.19 2010-12-22 FRB Federal funds effective rate
- US: H15 0.21 2010-12-22 FRB 30-Day AA Nonfinancial Commercial Paper Interest Rate
- US: H15 1.27 2010-12-22 FRB Rate paid by fixed-rate payer on an interest rate swap with maturity of three year.
- US: H15 ND 2010-12-22 FRB 60-Day AA Nonfinancial Commercial Paper Interest Rate
Trade (FTC)
- FTC Proposes Additional Time for Manufacturers to Adopt New Light Bulb LabelThe Federal Trade Commission is seeking public comments on whether to provide manufacturers approximately six additional months to incorporate new light bulb labels on their packaging, and whether to exempt certain bulbs that will soon be obsolete from those requirements. […]
- FTC Proposes Additional Time for Manufacturers to Adopt New Light Bulb Label
Commerce News
- Federal Register Notice: Information Privacy and Innovation in the Internet EconomyThe Department of Commerce’s Internet Policy Task Force seeks comment on its report entitled “Commercial Data Privacy and Innovation in the Internet Economy: A Dynamic Policy Framework.” Comments are due on or before January 28, 2011. (317 KB PDF file) […]
- Federal Register Notice: Information Privacy and Innovation in the Internet Economy
Small Business News
- Banking Study 2009Contents Introduction Research Summary Office of Advocacy read more […]
- Banking Study 2009
Monetary Policy
- FOMC statement: Federal Reserve, European Central Bank, Bank of Japan, Bank of Canada, Bank of England, and Swiss National Bank announce extension of temporary U.S. dollar liquidity swap facilities
- FOMC statement
- Federal Reserve releases detailed information about transactions conducted to stabilize markets during the recent financial crisis
Cost Estimates
- H.R. 6517, Omnibus Trade Act of 2010Pay-as-you-go estimate for the Senate amendment in the nature of a substitute to H.R. 6517 […]
- S. 3688, International Professional Exchange Act of 2010Cost estimate for the bill as ordered reported by the Senate Committee on Foreign Relations on December 14, 2010 […]
- H.R. 847, James Zadroga 9/11 Health and Compensation Act of 2010Cost estimate for H.R. 847 as adopted by the Senate on December 22, 2010 […]
- H.R. 6517, Omnibus Trade Act of 2010
Banking
- Agencies Release Annual CRA Asset-Size Threshold Adjustments for Small and Intermediate Small InstitutionsThe federal bank regulatory agencies today announced the annual adjustment to the asset-size thresholds used to define small bank, small savings association, intermediate small bank and intermediate small savings association under the Community Reinvestment Act (CRA) regulations. […]
- Agencies Release Annual CRA Asset-Size Threshold Adjustments for Small and Intermediate Small Institutions
NCUA Conservatorship
December 17, 2010 Alexandria, Va. – The National Credit Union Administration (NCUA) today assumed control of operations at AEA Federal Credit Union of Yuma, Arizona. NCUA’s goal is to continue credit union service to the members and ensure safe and sound credit union operations.
Member deposits are safe. Their accounts are insured up to $250,000 by the National Credit Union Share Insurance Fund (NCUSIF), a federal fund managed by NCUA and backed by the full faith and credit of the U.S. Government.
Service to AEA’s 49,130 members continues uninterrupted. Members can continue to conduct normal financial transactions – deposit and access funds, make loan payments and use share drafts. AEA Federal Credit Union is a full service credit union, with assets of $309 million, that provides financial service to people residing in Yuma and La Paz Counties, Arizona.
AEA Federal Credit Union was placed into conservatorship due to declining financial condition. The credit union is not adequately capitalized under standards set forth in the Federal Credit Act, and has earnings insufficient to enable it to continue under present management. The credit union’s difficulties stemmed from problems in its loan portfolio.
The decision to conserve a credit union enables the institution to continue normal operations with expert management in place correcting previous service and operational weaknesses.
The Federal Credit Union Act authorizes the NCUA Board to appoint itself conservator when necessary to conserve the assets of a federally insured credit union and protect members’ interests or protect the NCUSIF.
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
The National Credit Union Administration (NCUA) is the independent federal agency that charters and supervises federal credit unions. NCUA, with the backing of the full faith and credit of the U.S. government, operates the National Credit Union Share Insurance Fund (NCUSIF), insuring the deposits of over 90 million account holders in all federal credit unions and the vast majority of state-chartered credit unions. NCUA is funded by credit unions, not tax dollars.