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Interest Rates
- US: H15 -0.34 2011-05-26 FRB Market yield on U.S. Treasury securities at 5-year constant maturity, quoted on investment basis, inflation-indexed
- US: H15 0.09 2011-05-26 FRB Federal funds effective rate
- US: H15 0.10 2011-05-26 FRB 30-Day AA Nonfinancial Commercial Paper Interest Rate
- US: H15 1.12 2011-05-26 FRB Rate paid by fixed-rate payer on an interest rate swap with maturity of three year.
- US: H15 0.15 2011-05-26 FRB 60-Day AA Nonfinancial Commercial Paper Interest Rate
Trade (FTC)
- FTC Warns Consumers: Charity and Home Repair Scams May Appear After a DisasterAfter flooding along the Mississippi River and tornadoes in the southeast and midwest, the Federal Trade Commission reminds consumers that scams often follow disasters. […]
- FTC Warns Consumers: Charity and Home Repair Scams May Appear After a Disaster
Commerce News
- Press Release: NTIA Announces New Commerce Spectrum Advisory Committee MembersNTIA announced the appointment of a diverse group of experts from outside the Federal government, including the nonprofit and private sectors, for a two-year term to the Commerce Spectrum Advisory Committee (CSMAC). […]
- Press Release: NTIA Announces New Commerce Spectrum Advisory Committee Members
Small Business News
- Letter dated 5/17/11 - Department of Labor, Employment and Training AdministrationLanding page summary: Temporary Non-Agricultural Employment of H-2B Aliens in the United States; Proposed Rule May 17, 2011 Printer Friendly Version read more […]
- Letter dated 5/17/11 - Department of Labor, Employment and Training Administration
Monetary Policy
Cost Estimates
- H.R. 1954, A bill to implement the President's request to increase the statutory limit on the public debtCost estimate for the bill as introduced in the House of Representatives on May 24, 2011 […]
- S. 623, Sunshine in Litigation Act of 2011Cost estimate for the bill as ordered reported by the Senate Committee on the Judiciary on May 19, 2011 […]
- S. 363, A bill to authorize the Secretary of Commerce to convey property of the National Oceanic and Atmospheric Administration to the city of Pascagoula, Mississippi, and for other purposesCost estimate for the bill as ordered reported by the Senate Committee on Commerce, Science, and Transportation on May 5, 2011 […]
- H.R. 1954, A bill to implement the President's request to increase the statutory limit on the public debt
Banking
- OCC Proposes Rule to Implement Provisions of the Dodd-Frank ActThe Office of the Comptroller of the Currency today issued a proposed rule implementing several provisions of the Dodd-Frank Act, including the transfer of functions from the Office of Thrift Supervision and changes to national bank preemption and the OCC's visitorial authority. […]
- OCC Proposes Rule to Implement Provisions of the Dodd-Frank Act
NCUA Assists Missouri Credit Unions
ALEXANDRIA, Va. (May 24, 2011) – After one of the worst tornados in history hit Joplin, Mo., May 22, National Credit Union Administration (NCUA) Board Chairman Debbie Matz reminded residents of Joplin and other hard hit storm areas of the agency’s disaster relief policy to assist credit unions and their members in dealing with local recovery efforts.
Missouri credit unions are open, but some Joplin branches are closed as they work to fix storm damage, repair telephone lines and restore electricity. Under the agency’s disaster assistance policy NCUA will, where necessary:
Encourage credit unions to make loans with special terms and reduced documentation to affected members;
Reschedule routine examinations of affected credit unions if necessary;
Guarantee lines of credit for credit unions through the National Credit Union Share Insurance Fund; and
Make loans to meet the liquidity needs of member credit unions through the Central Liquidity Facility.
As part of its disaster response, NCUA examiners are surveying credit unions operating in Joplin. Most credit unions remain open, operating business as usual, although some credit union branches affected may have curtailed hours or services.
NCUA will work with Missouri state league organizations and state regulators to ensure all federally insured credit unions know of NCUA’s available assistance. The agency’s examiners will therefore remain in close contact with the affected local credit unions to offer advice and assistance. During disaster conditions, NCUA personnel operate under three priorities:
Ensure the safety of credit union staff;
Keep facilities and operations available to members; and
Provide material and technical assistance, as needed, to affected credit unions.
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NCUA Media Release – Continued
Missouri
“Protecting credit unions and the consumers who own them through effective regulation since 1934”
Federal credit unions may also provide assistance to other credit unions and non-members in the affected areas, under certain conditions:
A federal credit union may provide services to persons who are members of another credit union under their correspondent services authority.
Emergency financial services for non-members, including check cashing, access to ATM networks, or other services to meet short-term emergency needs of individuals in the areas affected by the storms, can be provided under the authority to engage in charitable activities.
Federal credit unions providing services on a charitable basis may not impose charges for services that exceed their direct costs.
Previous presidential disaster declarations already cover Joplin, therefore these NCUA services were already in effect at the time of this tornado.
Credit unions and credit union members in Missouri needing help because of these declarations may contact NCUA’s Region IV office in Austin at (512) 342-5600 during normal business hours.
NCUA is the independent federal agency created by the U.S. Congress to regulate, charter and supervise 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.