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Interest Rates
- US: H15 -0.43 2011-06-16 FRB Market yield on U.S. Treasury securities at 5-year constant maturity, quoted on investment basis, inflation-indexed
- US: H15 0.10 2011-06-16 FRB Federal funds effective rate
- US: H15 0.16 2011-06-16 FRB 30-Day AA Nonfinancial Commercial Paper Interest Rate
- US: H15 1.02 2011-06-16 FRB Rate paid by fixed-rate payer on an interest rate swap with maturity of three year.
- US: H15 0.12 2011-06-16 FRB 60-Day AA Nonfinancial Commercial Paper Interest Rate
Trade (FTC)
- FTC Approves Final Order Settling Charges that Company Deceptively Tracked Consumers’ Online ActivitiesFollowing a public comment period, the Federal Trade Commission finalized the order settling charges that online advertising company Chitika, Inc. tracked consumers’ online activities even after they chose to opt out of online tracking on the company’s website. The FTC alleged that, unbeknownst to consumers, the “opt out” lasted for only 10 days. The final o […]
- FTC Approves Final Order Settling Charges that Company Deceptively Tracked Consumers’ Online Activities
Commerce News
- Federal Register Notice: Internet Assigned Numbers Authority (IANA) Functions Further Notice of InquiryNTIA is seeking public comment on a draft statement of work, a key element of the procurement process for the new IANA functions contract. (471 KB PDF file) […]
- Federal Register Notice: Internet Assigned Numbers Authority (IANA) Functions Further Notice of Inquiry
Small Business News
- Letter dated 06/14/2011 - Small Business AdministrationLanding page summary: Small Business Size Standards: Professional, Scientific and Technical Services June 14, 2011 Printer Friendly Version read more […]
- Letter dated 06/14/2011 - Small Business Administration
Monetary Policy
Cost Estimates
- S. 1103, A bill to extend the term of the incumbent Director of the Federal Bureau of InvestigationCost estimate for the bill as reported by the Senate Committee on the Judiciary on June 16, 2011 […]
- H.R. 908, Full Implementation of the Chemical Facility Anti-Terrorism Standards ActCost estimate for the bill as ordered reported by the House Committee on Energy and Commerce on May 26, 2011 […]
- S. 890, Fighting Fraud to Protect Taxpayers Act of 2011Cost estimate for the bill as reported by the Senate Committee on the Judiciary on May 19, 2011 […]
- S. 1103, A bill to extend the term of the incumbent Director of the Federal Bureau of Investigation
Banking
- OCC Enforcement ActionsThe Office of the Comptroller of the Currency (OCC) today released new enforcement actions taken against national banks and individuals currently and formerly affiliated with national banks. […]
- OCC Enforcement Actions
Capital Plan Reviews
The Federal Reserve Board is seeking comment on a proposal to require top-tier U.S. bank holding companies with total consolidated assets of $50 billion or greater to submit annual capital plans for review.
The aim of the capital plan review, which builds on the Comprehensive Capital Analysis and Review (CCAR) conducted earlier this year, is to ensure that institutions have robust, forward-looking capital planning processes that account for their unique risks and that permit continued operations during times of economic and financial stress. Institutions would be expected to have credible plans to have sufficient capital so that they can continue to lend to households and businesses, even under adverse conditions. Boards of directors of the institutions would be required each year to review and approve capital plans before submitting them to the Federal Reserve.
The Federal Reserve would evaluate institutions’ plans to make capital distributions, such as increasing dividend payments or repurchasing or redeeming stock, as part of the capital plan reviews. In some cases, such as when institutions’ capital plans have been rejected by the Federal Reserve, firms would be required to receive approval from the Federal Reserve before making capital distributions.
The proposal would institutionalize the recently completed CCAR exercise. The CCAR involved a forward-looking analysis of the capital plans at the 19 largest U.S. bank holding companies. The CCAR followed the Supervisory Capital Assessment Program (SCAP), a standardized stress test led by the Federal Reserve in 2009.
As of March 31, the most recent available data, 35 U.S. bank holding companies had assets of at least $50 billion. According to the proposal, the level of detail and analysis expected in each institution’s capital plan would vary based on the company’s size, complexity, risk profile, and scope of operations. The Federal Reserve plans to finalize the proposal later this year and to begin the annual capital plan reviews in early 2012.
The proposed capital plans would complement a number of components of the Dodd-Frank Wall Street Reform and Consumer Protection Act, including the development of enhanced prudential standards for large firms and required stress tests. As the Federal Reserve implements the Dodd-Frank Act, it is expected that the company-run Dodd-Frank stress tests will serve as one component of institutions’ capital plans.
The Federal Reserve requests comments on the capital plan review proposal, which will be published soon in the Federal Register, by August 5, 2011.
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