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Interest Rates
- US: H15 -0.85 2012-01-12 FRB Market yield on U.S. Treasury securities at 5-year constant maturity, quoted on investment basis, inflation-indexed
- US: H15 0.08 2012-01-12 FRB Federal funds effective rate
- US: H15 0.07 2012-01-12 FRB 30-Day AA Nonfinancial Commercial Paper Interest Rate
- US: H15 0.70 2012-01-12 FRB Rate paid by fixed-rate payer on an interest rate swap with maturity of three year.
- US: H15 0.10 2012-01-12 FRB 60-Day AA Nonfinancial Commercial Paper Interest Rate
Trade (FTC)
- FTC Seeks Public Comment on Agency's Rules of PracticeProposed Changes Would Expedite Investigatory Processes, Keep Pace with Technology […]
- FTC Seeks Public Comment on Agency's Rules of Practice
Commerce News
- Remarks by Assistant Secretary Strickling at the Brookings Institution's Center for Technology InnovationTopics/Subtopics: ICANN Internet Policy Domain Name System Washington, DC January 11, 2012 Remarks by Lawrence E. Strickling Assistant Secretary of Commerce for Communications and Information Brookings Institution Principles of Internet Governance: An Agenda for Economic Growth and Innovation Washington, DC January 11, 2012 —As prepared for delivery— I w […]
- Remarks by Assistant Secretary Strickling at the Brookings Institution's Center for Technology Innovation
Small Business News
- Innovation in Small Businesses: Drivers of Change and ValueLanding page summary: The Office of Advocacy has funded several studies that examine the patent activity of small businesses (e.g., Breitzman and Hicks, 2008; CHI Research, 2002, 2004; and Eckhardt and Shane, 2006 to list a few). All show that small businesses outperform their larger counterparts in patent activity (issuance). Moreover, Breitzman and Hick […]
- Innovation in Small Businesses: Drivers of Change and Value
Monetary Policy
Cost Estimates
- S. 802, Lake Thunderbird Efficient Use Act of 2011Cost estimate for the bill as ordered reported by the Senate Committee on Energy and Natural Resources on November 10, 2011 […]
- S. 636, A bill to provide the Quileute Indian Tribe tsunami and flood protectionCost estimate for the bill as ordered reported by the Senate Committee on Indian Affairs on July 28, 2011 […]
- S. 499, Bonneville Unit Clean Hydropower Facilitation ActCost estimate for the bill as ordered reported by the Senate Committee on Energy and Natural Resources on November 10, 2011 […]
- S. 802, Lake Thunderbird Efficient Use Act of 2011
Banking
- Office of the Comptroller of the Currency Hosts Workshop in CaliforniaThe Office of the Comptroller of the Currency will host a workshop for directors of nationally chartered community banks and federal savings associations in Orange, California, at the Doubletree Anaheim-Orange County, January 23-25, 2012. […]
- Office of the Comptroller of the Currency Hosts Workshop in California
CRA asset-size threshold adjustments
The federal bank regulatory agencies today announced the annual adjustment to the asset-size thresholds used to define small bank, small savings association, intermediate small bank, and intermediate small savings association under the Community Reinvestment Act (CRA) regulations. The annual adjustments are required by the CRA rules. Financial institutions are evaluated under different CRA examinations procedures based upon their asset-size classification. Those meeting the small and intermediate small asset-size threshold are not subjected to the reporting requirements applicable to large banks.
Annual adjustments to these asset-size thresholds are based on the change in the average of the Consumer Price Index (CPI) for urban wage earners and clerical workers, not seasonally adjusted, for each 12-month period ending in November, with rounding to the nearest million.
As a result of the 3.43 percent increase in the CPI index for the period ending in November 2011, the definitions of small and intermediate small institutions for CRA examinations will change as follows:
•”Small bank” or “small savings association” means an institution that, as of December 31 of either of the prior two calendar years, had assets of less than $1.160 billion.
•”Intermediate small bank” or “intermediate small savings association” means a small institution with assets of at least $290 million as of December 31 of both of the prior two calendar years, and less than $1.160 billion as of December 31 of either of the prior two calendar years.
These asset-size threshold adjustments are effective January 1, 2012. The agencies will publish the adjustments in the Federal Register. In addition, the agencies will post a list of the current and historical asset-size thresholds on the website of the Federal Financial Institutions Examination Council.