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Interest Rates
- US: H15 0.13 2011-01-06 FRB Market yield on U.S. Treasury securities at 5-year constant maturity, quoted on investment basis, inflation-indexed
- US: H15 0.17 2011-01-06 FRB Federal funds effective rate
- US: H15 0.20 2011-01-06 FRB 30-Day AA Nonfinancial Commercial Paper Interest Rate
- US: H15 1.40 2011-01-06 FRB Rate paid by fixed-rate payer on an interest rate swap with maturity of three year.
- US: H15 0.20 2011-01-06 FRB 60-Day AA Nonfinancial Commercial Paper Interest Rate
Trade (FTC)
- FTC Charges Another Defendant as Part of Crackdown on Bogus Medical Discount PlansThe Federal Trade Commission has charged another defendant in a case filed earlier this year against an operation that allegedly defrauded uninsured Americans by selling them “medical discount plans” that were disguised as health insurance. […]
- FTC Charges Another Defendant as Part of Crackdown on Bogus Medical Discount Plans
Commerce News
- NTIA Report: Contraband Cell Phones in Prisons, Possible Wireless Technology SolutionsNTIA, in coordination with the Federal Communications Commission (FCC), the Federal Bureau of Prisons (BOP), and the National Institute of Justice (NIJ), has identified and evaluated several technology solutions that can be used in a prison environment, including jamming, managed access, and detection techniques. This report presents a comprehensive overview […]
- NTIA Report: Contraband Cell Phones in Prisons, Possible Wireless Technology Solutions
Small Business News
- New Hampshire Lenders List - December 2010Attachment below lists all SBA lenders participating in New Hampshire as of December 2010. […]
- New Hampshire Lenders List - December 2010
Monetary Policy
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
- OCC and OTS Report Shows Mortgage Performance Steady in Third Quarter of 2010, Includes New State-Level DataThe credit quality of first-lien mortgages serviced by large national banks and thrifts remained steady during the third quarter of 2010, but the pace of foreclosures increased, according to a report released today. […]
- OCC and OTS Report Shows Mortgage Performance Steady in Third Quarter of 2010, Includes New State-Level Data
Community Reinvestment Act
The federal bank and thrift regulatory agencies today announced changes to Community Reinvestment Act (CRA) regulations to support stabilization of communities affected by high foreclosure levels.
The final rule is substantially the same as the proposal published for comment on June 24, 2010. It encourages depository institutions to support eligible development activities in areas designated under the Neighborhood Stabilization Program (NSP) administered by the U.S. Department of Housing and Urban Development (HUD).
Under the NSP, HUD has provided funds to state and local governments and nonprofit organizations for the purchase and redevelopment of abandoned and foreclosed properties. The new rule encourages depository institutions to make loans and investments, and provide services to support NSP activities in areas with HUD-approved plans.
The final rule reflects the broad support expressed by public comments for the agencies’ proposal to expand existing CRA consideration for neighborhood stabilization activities. NSP-eligible activities will receive favorable consideration under the new rule if conducted within two years after the date when NSP program funds are required to be spent.
Allowing banking institutions to receive CRA consideration for NSP-eligible activities in additional NSP-targeted areas serves the purposes of the CRA and creates an opportunity to build upon government programs in areas with high rates of foreclosure and vacancy. CRA consideration is not limited to activities actually receiving NSP funds and may include other eligible activities in NSP plan areas.
The final rule is attached. It is effective 30 days from the date of its publication in the Federal Register, which is expected shortly