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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 Preps For Hurricane Season
ALEXANDRIA, Va. (May 25, 2011) – In recognition of National Hurricane Preparedness Week, National Credit Union Administration (NCUA) Board Chairman Debbie Matz reminds credit unions to adopt contingency plans for potential weather disasters. The National Oceanic and Atmospheric Administration has predicted an above normal 2011 Atlantic hurricane season.
“For credit unions in hurricane-prone areas, NCUA has online resources designed to help them and their members prepare to stay safe, both physically and financially,” said Chairman Matz. “National Hurricane Preparedness Week is a good time to review credit union disaster plans. Is your plan commensurate with the complexity of your operation? Does it focus on minimizing service interruptions? Will it instill confidence during an emergency? NCUA’s website has important information to help answer these questions and plan for a disaster.”
NCUA’s hurricane recovery kit for credit unions can be found online at http://www.ncua.gov/Resources/Hurricane/index.aspx. NCUA soon expects to issue a new 2011 letter to credit unions on hurricane planning. It will be posted online as well.
Resources like http://www.ready.gov/ include financial tips in preparation for disasters. One suggestion is to make use of electronic payments as disasters can disrupt mail service. During Hurricane Katrina, 85,000 people receiving Social Security checks experienced this problem.
NCUA has encouraged credit unions to promote direct deposit since 2005 through the U.S. Department of the Treasury GoDirect initiative. Direct deposit to a checking or savings account is the best option for people with credit union accounts. The Direct Express® prepaid debit card is also available for people who do not have an account. Federal benefit recipients can sign up by calling (800) 333-1795 or visiting www.GoDirect.org.
Resources also exist for continuity of operations during disasters for small businesses, such as credit union branches. Visit http://www.ready.gov/business/index.html for information. NCUA staff members are trained to ensure adequate preparations for disasters. If a credit union needs assistance, management should call their regional office or examiner.
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.