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Interest Rates
- US: H15 -0.41 2011-04-28 FRB Market yield on U.S. Treasury securities at 5-year constant maturity, quoted on investment basis, inflation-indexed
- US: H15 0.09 2011-04-28 FRB Federal funds effective rate
- US: H15 0.12 2011-04-28 FRB 30-Day AA Nonfinancial Commercial Paper Interest Rate
- US: H15 1.27 2011-04-28 FRB Rate paid by fixed-rate payer on an interest rate swap with maturity of three year.
- US: H15 0.16 2011-04-28 FRB 60-Day AA Nonfinancial Commercial Paper Interest Rate
Trade (FTC)
- FTC Offers Online Game with Consumer Tips for Mother's DayJust in time for Mother’s Day, the Federal Trade Commission is offering an online matching game celebrating moms. […]
- FTC Offers Online Game with Consumer Tips for Mother's Day
Commerce News
- Federal Register Notice: Commerce Spectrum Management Advisory Committee MeetingThe Commerce Spectrum Management Advisory Committee will meet May 25, 2011, from 9 a.m. to 12 p.m., in Washington, D.C. The Committee will discuss its work plan for the next two-year period including advice regarding accomplishment of the President's ten-year goal to identify 500 megahertz for wireless broadband. (190 KB PDF file) […]
- Federal Register Notice: Commerce Spectrum Management Advisory Committee Meeting
Small Business News
- Letter dated 4/28/11 - Department of Homeland Security, U.S. Citizenship and Immigration ServicesLanding page summary: Registration Requirement for Petitioners Seeking to File H-1B Petitions on Behalf of Aliens Subject to Numerical Limitations April 28, 2011 Printer Friendly Version read more […]
- Letter dated 4/28/11 - Department of Homeland Security, U.S. Citizenship and Immigration Services
Monetary Policy
Cost Estimates
- H.R. 1230, Restarting American Offshore Leasing Now ActCost estimate for the bill as ordered reported by the House Committee on Natural Resources on April 13, 2011 […]
- S. 762, Federal Acquisition Institute Improvement Act of 2011Cost estimate for the bill as ordered reported by the Senate Committee on Homeland Security and Governmental Affairs on April 13, 2011 […]
- H.R. 1229, Putting the Gulf of Mexico Back to Work ActCost estimate for the bill as ordered reported by the House Committee on Natural Resources on April 13, 2011 […]
- H.R. 1230, Restarting American Offshore Leasing Now Act
Banking
- OCC Appoints Receiver for First National Bank of Central FloridaThe Office of the Comptroller of the Currency (OCC) today appointed the Federal Deposit Insurance Corporation (FDIC) as receiver for First National Bank of Central Florida, Winter Park, Florida. […]
- OCC Appoints Receiver for First National Bank of Central Florida
NCUA Chairman Posts Video
April 21, 2011, Alexandria, Va. — National Credit Union Administration (NCUA) Board Chairman Debbie Matz has posted a video on the agency’s website to provide tips for writing effective comment letters. Earlier today, the NCUA Board voted to make significant changes to its final rule on corporate credit unions based on 227 comment letters. Effective comment letters can and do change the rules that NCUA issues.
“In crafting new rules and rewriting existing ones, NCUA recognizes the need to adopt sensible regulations,” Chairman Matz says in the video. “Our goal is to impose the least possible burden on credit unions – especially smaller credit unions. If credit unions want a voice in the regulatory process, comment letters on a proposed rule are an important way to influence the content of the final rule. Comment letters also assist us in fine-tuning and improving regulatory proposals. So, comments really do matter.”
Below are Matz’s four tips:
1) Read Proposed Rules and Other Comments – Visit www.ncua.gov to find information about each NCUA proposed rule and the deadline for comments. (Click Comment on a Proposed Regulation.) Prospective commenters can also use the NCUA website to view already submitted comment letters written by other stakeholders.
2) Decide Whether You Support or Oppose – Consider whether to support or oppose each provision of a proposed rule. Commenters may choose to support certain provisions and oppose others, or choose to support or oppose the entire proposal.
3) Consider Unintended Consequences – Read the Preamble of each proposed rule to understand NCUA’s intent. Think about changes that credit unions might have to implement in order to comply with the proposal. Then write to NCUA about any unintended consequences the rule might create.
4) Propose Alternative Solutions – Commenters who oppose a proposed rule, whether in whole or in part, are encouraged to propose reasonable alternatives. NCUA is open-minded about workable solutions consistent with sound public policy.
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
Matz concludes, “The federal rulemaking process is often about striking the fairest possible balance – between the requirements of the law, our mission to protect safety and soundness, and our effort to minimize any adverse impact on credit unions. So, I hope you view the comment letter process as an opportunity to proactively shape your credit union’s future.”
To view the five-minute video, click here.
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 more than 90 million account holders in all federal credit unions and the overwhelming majority of state-chartered credit unions.