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Interest Rates
- US: H15 -0.04 2011-04-07 FRB Market yield on U.S. Treasury securities at 5-year constant maturity, quoted on investment basis, inflation-indexed
- US: H15 0.10 2011-04-07 FRB Federal funds effective rate
- US: H15 0.17 2011-04-07 FRB 30-Day AA Nonfinancial Commercial Paper Interest Rate
- US: H15 1.57 2011-04-07 FRB Rate paid by fixed-rate payer on an interest rate swap with maturity of three year.
- US: H15 0.19 2011-04-07 FRB 60-Day AA Nonfinancial Commercial Paper Interest Rate
Trade (FTC)
- FTC Warns: Ineffective Bed Bug Treatments Can Take a Bite Out of Consumers' WalletsWith the resurgence of bed bugs in the United States, the Federal Trade Commission urges consumers to be cautious when shopping for products that are touted as remedies or ways of preventing bed bug infestations. […]
- FTC Warns: Ineffective Bed Bug Treatments Can Take a Bite Out of Consumers' Wallets
Commerce News
- Press Release: NTIA Releases IPv6 "Readiness Tool"NTIA urged businesses to prepare for the transition to Internet Protocol version 6 (IPv6), an updated Internet addressing system, with the release of a new "IPv6 Readiness Tool." […]
- Press Release: NTIA Releases IPv6 "Readiness Tool"
Small Business News
- Letter dated 4/7/11 - Department of Defense, Department of the Army, Corps of EngineersLetter Date: Thursday, April 7, 2011 Landing page summary: Proposal To Reissue and Modify Nationwide Permits; Notice April 7, 2011 Printer Friendly Version read more […]
- Letter dated 4/7/11 - Department of Defense, Department of the Army, Corps of Engineers
Monetary Policy
Cost Estimates
- S. 627, Faster FOIA Act of 2011Cost estimate for the bill as ordered reported by the Senate Committee on the Judiciary on April 7, 2011 […]
- H.R. 1217, a bill to repeal the Prevention and Public Health FundCost estimate for the bill as ordered reported by the House Committee on Energy and Commerce on April 5, 2011 […]
- H.R. 1216, a bill to amend the Public Health Service Act to convert funding for graduate medical education in qualified teaching health centers from a direct appropriation to an authorization of appropriationsCost estimate for the bill as ordered reported by the House Committee on Energy and Commerce on April 5, 2011 […]
- S. 627, Faster FOIA Act of 2011
Banking
- OCC Appoints Receiver for Western Springs National Bank and TrustThe Office of the Comptroller of the Currency (OCC) today appointed the Federal Deposit Insurance Corporation (FDIC) as receiver for Western Springs National Bank and Trust, Western Springs, Illinois. […]
- OCC Appoints Receiver for Western Springs National Bank and Trust
Regulation Q
The Federal Reserve Board on Wednesday requested comment on a proposed rule to repeal the Board’s Regulation Q, which prohibits the payment of interest on demand deposits by institutions that are member banks of the Federal Reserve System.
The proposed rule would implement Section 627 of the Dodd-Frank Wall Street Reform and Consumer Protection Act, which repeals Section 19(i) of the Federal Reserve Act in its entirety effective July 21, 2011. The repeal of that section of the Federal Reserve Act on that date eliminates the statutory authority under which the Board established Regulation Q.
The proposed rule would also repeal the Board’s published interpretation of Regulation Q and would remove references to Regulation Q found in the Board’s other regulations, interpretations, and commentary.
The Board is seeking comment on whether the repeal of Regulation Q is expected to have implications for balance sheets and income of depository institutions, short-term funding markets such as overnight federal funds market, the demand for interest-bearing demand deposits, and competitive burden on smaller depository institutions.
Comments on the proposal must be submitted within 30 days from the date of publication in the Federal Register, which is expected shortly.