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Interest Rates
- US: H15 -0.15 2011-04-21 FRB Market yield on U.S. Treasury securities at 5-year constant maturity, quoted on investment basis, inflation-indexed
- US: H15 0.10 2011-04-21 FRB Federal funds effective rate
- US: H15 0.14 2011-04-21 FRB 30-Day AA Nonfinancial Commercial Paper Interest Rate
- US: H15 1.39 2011-04-21 FRB Rate paid by fixed-rate payer on an interest rate swap with maturity of three year.
- US: H15 0.16 2011-04-21 FRB 60-Day AA Nonfinancial Commercial Paper Interest Rate
Trade (FTC)
- Maker of Rascal Scooters to Pay $100,000 for Violating FTC's Do Not Call RulesCalled Consumers on Registry Using Phone Numbers Gathered From Sweepstakes Entry Forms […]
- Maker of Rascal Scooters to Pay $100,000 for Violating FTC's Do Not Call Rules
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
- 4/20/11 - Thinking About How You Start—Why the Legal Form of Organization that a Small Business Chooses MattersRelease Date: Wednesday, April 20, 2011 Release Number: SBA Number: 11-21 ADV Contact: Patrick Morris (202) 205-6941 Email: patrick.morris@sba.gov read more […]
- 4/20/11 - Thinking About How You Start—Why the Legal Form of Organization that a Small Business Chooses Matters
Monetary Policy
Cost Estimates
- S. 498, Independent Task and Delivery Order Review Extension Act of 2011Cost estimate for the bill as ordered reported by the Senate Committee on Homeland Security and Governmental Affairs on April 13, 2011 […]
- S. 191, Amateur Radio Emergency Communications Enhancement Act of 2011Cost estimate for the bill as ordered reported by the Senate Committee on Homeland Security and Governmental Affairs on April 13, 2011 […]
- S. 99, American Medical Isotopes Production Act of 2011Cost estimate for the bill as ordered reported by the Senate Committee on Energy and Natural Resources on April 12, 2011 […]
- S. 498, Independent Task and Delivery Order Review Extension Act of 2011
Banking
- OCC Appoints Receiver for Rosemount National BankThe Office of the Comptroller of the Currency (OCC) today appointed the Federal Deposit Insurance Corporation (FDIC) as receiver for Rosemount National Bank, Rosemount, Minnesota. […]
- OCC Appoints Receiver for Rosemount National Bank
Texans Credit Union Placed into Conservatorship
April 15, 2011, Alexandria, Va. — The National Credit Union Administration (NCUA) today placed Texans Credit Union of Richardson, Texas, into conservatorship. Texans Credit Union remains open and operating. While continuing normal member services, NCUA will work to resolve issues affecting the Texans Credit Union’s safety and soundness.
Deposits at Texans Credit Union also remain protected. Administered by NCUA, the National Credit Union Share Insurance Fund (NCUSIF) continues to insure individual accounts at Texans Credit Union up to $250,000. The NCUSIF, like the FDIC’s Deposit Insurance Fund, has the backing of the full faith and credit of the U.S. Government.
A full service credit union, Texans Credit Union currently has 133,000 members and assets of $1.6 billion. The credit union provides financial services to people residing in the Texas counties of Collin, Dallas, Rockwall, Travis, and Williamson, as well as parts of Denton County.
The decision to conserve a credit union enables the institution to continue regular operations with expert management in place correcting previous service and operational weaknesses. During conservatorship, members may therefore continue to conduct business at the credit union.
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, protect members’ interests, or protect the NCUSIF. Texans Credit Union is the third federally insured credit union placed into conservatorship during 2011.
Members of Texans Credit Union who have questions about the conservatorship may review the Texans Credit Union Frequently Asked Questions document posted on the NCUA website.
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.
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
government, NCUA operates and manages the National Credit Union Share Insurance Fund, insuring the deposits of more than 90 million account holders in all federal credit unions and the overwhelming majority of state-chartered credit unions.