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  • Agencies issue Shared National Credit Review

    Agencies issue Shared National Credit Review

    Agencies issue Shared National Credit Review | site |




    (Information contained in Board of Governors of the Federal Reserve System press release dated: February 25, 2021)

    Board of Governors of the Federal Reserve System
    Federal Deposit Insurance Corporation
    Office of the Comptroller of the Currency
    Credit risk for large, syndicated loans has increased over the last year, according to the 2020 Shared National Credit (SNC) Review released by federal bank regulatory agencies today. The elevated risk is largely attributed to the effects of COVD-19. While risk has increased, many agent banks have strengthened their risk management systems since the prior downturn and are better equipped to measure and mitigate risks associated with loans in the current environment. The review, which evaluates the quality of large syndicated loans, was conducted by the Federal Reserve Board, the Federal Deposit Insurance Corporation, and the Office of the C
    ...
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  • Letter from Treasury Secretary Janet L. Yellen to G20 Colleagues

    Letter from Treasury Secretary Janet L. Yellen to G20 Colleagues

    Letter from Treasury Secretary Janet L. Yellen to G20 Colleagues | site |



    (Information contained in U.S. Department of the Treasury press release dated: February 25, 2021) Washington - - Today, Treasury Secretary Janet L. Yellen sent a letter to her G20 colleagues. The text of the letter is below: Dear Colleagues: For more than a year the global community has faced a historic challenge from the dual health and economic crises caused by the pandemic. COVID-19 does not have a nationality nor respect borders, and we continue to see its devastating impact on the health and well-being of our people, our economies, and the social fabric of our societies. No one nation alone can declare victory over these crises. Indeed, our cooperation has never mattered more. This is a moment made for action and for multilateralism. Our first task must be stopping the virus. Containing the pandemic across the globe is paramount to a robust economic recovery. The United States ...
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  • Minutes of the Board's Discount Rate Meetings on January 19 and January 27, 2021

    Minutes of the Board's Discount Rate Meetings on January 19 and January 27, 2021

    Minutes of the Board's Discount Rate Meetings on January 19 and January 27, 2021| site |



    (Information contained in Board of Governors of the Federal Reserve System press release dated: February 23, 2021)

    The Federal Reserve Board on Tuesday released the minutes of its interest rate meetings on January 19 and January 27, 2021.

    The minutes are attached.

    Attachment
    ...
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  • Federal and State Financial Regulatory Agencies issue Interagency Statement on Supervisory Practices regarding Financial Institutions affected by Texas Winter Storms

    Federal and State Financial Regulatory Agencies issue Interagency Statement on Supervisory Practices regarding Financial Institutions affected by Texas Winter Storms | site |



    (Information contained in Board of Governors of the Federal Reserve System press release dated: February 22, 2021)

    Board of Governors of the Federal Reserve System
    Conference of State Bank Supervisors
    Federal Deposit Insurance Corporation
    National Credit Union Administration
    Office of the Comptroller of the Currency
    The Office of the Comptroller of the Currency, the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, the National Credit Union Administration, and the state regulators, collectively the agencies, recognize the serious impact of Texas Winter Storms on the customers and operations of many financial institutions and will provide appropriate regulatory assistance to affected institutions subject to
    ...
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  • Secretary of the Treasury Janet L. Yellen’s Call with European Central Bank President Christine Lagarde

    Secretary of the Treasury Janet L. Yellen’s Call with European Central Bank President Christine Lagarde | site |



    (Information contained in U.S. Department of the Treasury press released dated: February 16, 2021)

    Earlier today, Secretary of the Treasury Janet L. Yellen spoke with European Central Bank (ECB) President Christine Lagarde. Secretary Yellen emphasized their shared priorities, including ending the pandemic, supporting a strong global economic recovery, maintaining financial stability, and forcefully addressing the threat of climate change. The Secretary commended the ECB’s swift and decisive policy response to the pandemic and discussed policy tools to foster growth and job creation in both Europe and the United States. The Secretary emphasized the importance of deepening transatlantic cooperation on economic and financial issues of mutual interest.
    ...
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  • Federal Reserve Board announces Final Rule intended to Reduce Risk and Increase Efficiency in the Financial System by applying Netting Protections to a broader Range of Financial Institutions

    Federal Reserve Board announces Final Rule intended to Reduce Risk and Increase Efficiency in the Financial System by applying Netting Protections to a broader Range of Financial Institutions | site |


    (Information contained in Board of Governors of the Federal Reserve System press release dated: February 18, 2021) The Federal Reserve Board on Thursday announced a final rule that is intended to reduce risk and increase efficiency in the financial system by applying netting protections to a broader range of financial institutions. The final rule amends Regulation EE (Financial Institution Netting) to apply netting provisions of the Federal Deposit Insurance Corporation Improvement Act of 1991 (FDICIA) to certain new entities including swap dealers. The rule would also make minor clarifications to the existing activities-based test in Regulation EE to clarify how the activities-based test applies following a consolidation of legal entities. Sections 401...
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  • Minutes of the Federal Open Market Committee, January 26-27, 2021

    Minutes of the Federal Open Market Committee, January 26-27, 2021

    Minutes of the Federal Open Market Committee, January 26-27, 2021 | site |



    (Information contained in Board of Governors of the Federal Reserve System press release dated: February 17, 2021)

    The Federal Reserve Board and the Federal Open Market Committee on Wednesday released the attached minutes of the Committee meeting held on January 26-27, 2021.

    The minutes for each regularly scheduled meeting of the Committee ordinarily are made available three weeks after the day of the policy decision and subsequently are published in the Board’s Annual Report. The descriptions of economic and financial conditions contained in these minutes are based solely on the information that was available to the Committee at the time of the meeting.

    FOMC minutes can be viewed on the Board's website at http://www.federalreserve.gov/monetarypolicy/fomccalendars.htm Minutes of the Federal Open Market Committee January 26-27, 2021:
    ...
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  • U.S. Department of Veterans Affairs offers continued Debt Relief Options to Veterans

    U.S. Department of Veterans Affairs offers continued Debt Relief Options to Veterans

    U.S. Department of Veterans Affairs offers continued Debt Relief Options to Veterans | site |


    (Information contained in U.S. Department of Veterans Affairs press release dated: February 18, 2021)

    Washington - - The Department of Veterans Affairs (VA) reaffirms its commitment to extend debt relief for Veterans through Sept. 30.

    VA will continue suspension of collection on all Veteran benefit overpayments and medical copayment debts incurred after April 1, 2020. VA is suspending this debt collection to provide Veterans continued financial relief due to the COVID-19 pandemic. “My top priority right now is to do everything in our power to help our Veterans, caregivers and their families get through this challenging COVID-19 pandemic,” said VA Secretary Denis McDonough. “VA will continue to find ways to provide real relief to 2 million Veterans and their families as we fight through this health crisis together.” To assist with making inf
    ...
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  • Federal Reserve Board releases hypothetical Scenarios for its 2021 Bank Stress Tests

    Federal Reserve Board releases hypothetical Scenarios for its 2021 Bank Stress Tests

    Federal Reserve Board releases hypothetical Scenarios for its 2021 Bank Stress Tests | site |


    (Information contained in Board of Governors of the Federal Reserve System press release dated: February 12, 2021) The Federal Reserve Board on Friday released the hypothetical scenarios for its 2021 bank stress tests. Last year, the Board found that large banks were generally well capitalized under a range of hypothetical events but due to continuing economic uncertainty placed restrictions on bank payouts to preserve the strength of the banking sector. The Board's stress tests help ensure that large banks are able to lend to households and businesses even in a severe recession. The exercise evaluates the resilience of large banks by estimating their loan losses and capital levels—which provide a cushion against losses—under hypothetical recession scenarios that extend nine quarters into the future. "The banking sector has provided critical support to the economic re...
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  • U.S. Treasury Department Holds Financial Sector Innovation Policy Roundtable

    U.S. Treasury Department Holds Financial Sector Innovation Policy Roundtable

    U.S. Treasury Department Holds Financial Sector Innovation Policy Roundtable | site |



    Public-Private Forum Focused on Technology Solutions to Protect the Integrity of the U.S. Financial System


    (Information contained in U.S. Department of the Treasury press release dated: February 10, 2021) Washington - - The United States Department of the Treasury hosted its inaugural U.S. Financial Sector Innovation Policy Roundtable on February 9 and 10. The Roundtable brought together policymakers and regulators with experts from the private sector to exchange views for collaborating on policy issues and innovative technologies that support global financial integrity, while fostering economic recovery, competitiveness, and financial inclusion. At the event, participants focused on how innovations like interoperable, privacy-preserving digital identity solutions, and more effective anti-money laundering and anti-fraud mechanisms, can provide...
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  • Federal Reserve Board announces the second Extension of a Rule to bolster the effectiveness of the Small Business Administration's Paycheck Protection Program

    Federal Reserve Board announces the second Extension of a Rule to bolster the effectiveness of the Small Business Administration's Paycheck Protection Program (PPP) | site |


    (Information contained in Board of Governors of the Federal Reserve System press release dated: February 9, 2021)

    The Federal Reserve Board on Tuesday announced the second extension of a rule to bolster the effectiveness of the Small Business Administration's (SBA) Paycheck Protection Program (PPP). Like the earlier extensions, this one will temporarily modify the Board's rules so that certain bank directors and shareholders can apply to their banks for PPP loans for their small businesses. To prevent favoritism, the Board limits the types and quantity of loans that bank directors, shareholders, officers, and businesses owned by these persons can receive from their affiliated banks. However, these limits have prevented some small business owners from accessing PPP loans—especially in rural ar...
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  • FDIC Issues List of Banks Examined for CRA Compliance

    FDIC Issues List of Banks Examined for CRA Compliance

    Federal Deposit Insurance Corporation issues List of Banks Examined for CRA Compliance | site |



    (Information contained in Federal Deposit Insurance Corporation press release dated: February 4, 2021)


    The Federal Deposit Insurance Corporation (FDIC) today issued its list of state nonmember banks recently evaluated for compliance with the Community Reinvestment Act (CRA). The list covers evaluation ratings that the FDIC assigned to institutions in November 2020. The CRA is a 1977 law intended to encourage insured banks and thrifts to meet local credit needs, including those of low- and moderate-income neighborhoods, consistent with safe and sound operations. As part of the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 (FIRREA), Congress mandated the public disclosure of an evaluation and rating for each bank or thrift that undergoes a CRA examination on or after July 1, 1990. You may obtain a consolidated list of all state nonme...
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  • SEC Requests Comment on Potential Money Market Fund Reform Options Highlighted in President’s Working Group Report

    U.S. Securities and Exchange Commission requests Comment on Potential Money Market Fund Reform Options Highlighted in President’s Working Group Report | site |



    (Information contained in U.S. Securities and Exchange Commission [SEC] press release dated: February 4, 2021)

    Washington D.C., Feb. 4, 2021 - - The Securities and Exchange Commission today published a request for public comment on potential reform measures to improve the resilience of money market funds as highlighted in a report of the President's Working Group on Financial Markets issued in December 2020. The report noted that certain short-term funding markets experienced stress in March 2020 amid economic concerns related to the onset of the COVID-19 pandemic. “Money market funds play a significant role in our short-term funding markets, and they are utilized by both large institutions and individual retail investors,” said SEC Acting Chair Allison Herren Lee. “Comments receiv...
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  • Statement by Secretary of the Treasury Janet L. Yellen on the Historic Impact of Economic Crises on People of Color

    Statement by Secretary of the Treasury Janet L. Yellen on the Historic Impact of Economic Crises on People of Color | site |



    Information contained in U.S. Department of the Treasury statement release dated: February 5, 2021)


    Today, Secretary Yellen spoke at a virtual roundtable with Vice President Kamala D Harris and participants from local Black Chambers of Commerce from across the country to discuss the importance of passing the American Rescue Plan.



    (Remarks as prepared)

    Thank you all for joining us. I know the members of the Black Chambers of Commerce have been very engaged in helping us respond to this economic crisis, and I am looking forward to our conversation. I’ve been an economist for a long time, and one of the areas where I’ve focused my attention is on the racial disparity in economic outcomes. It was probably because I started studying economics during the Civil Rights Moveme...
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  • U.S. Department of the Treasury Announces Appointment of Several Members of Staff

    U.S. Department of the Treasury Announces Appointment of Several Members of Staff

    U.S. Department of the Treasury Announces Appointment of Several Members of Staff | site |


    (Information contained in U.S. Department of the Treasury press release dated: February 3, 2021)

    Washington - - Today, the United States Department of the Treasury announced the appointment of new members of key staff. This diverse and deeply experienced team is prepared to deliver results for the American people by getting the economy back on track, strengthening the financial system, and restoring jobs.

    Biographies of the appointees are listed below in alphabetical order:


    Clement Abonyi Jr., Special Assistant, Legislative Affairs
    Clement Abonyi, Jr. is a legislative policy and process professional who specializes in financial services matters. Most recently, he served as Director of Member Services to Chairwoman Maxine Waters of the House Committee on Financial Services. In that capacity, Abonyi led the Committee’s member...
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  • Federal Open Market Committee reaffirms its Statement on Longer-Run Goals and Monetary Policy Strategy

    Federal Open Market Committee reaffirms its "Statement on Longer-Run Goals and Monetary Policy Strategy" | site |


    (Information contained in Board of Governors of the Federal Reserve System press release dated: January 27, 2021)

    The Federal Open Market Committee, at its annual organizational meeting this week, unanimously reaffirmed its "Statement of Longer-Run Goals and Monetary Policy Strategy."

    The reaffirmed statement is identical to the statement adopted in August 2020 following the Committee's review of its monetary policy strategy, tools, and communication practices, which included numerous public Fed Listens events around the country. The Committee first adopted a framework statement in 2012.

    Statement on Longer-Run Goals and Monetary Policy Strategy (PDF)
    Reaffirmed January 26, 2021
    ...
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  • Federal Reserve issues FOMC Statement

    Federal Reserve issues FOMC Statement

    Federal Reserve issues FOMC Statement | site |


    (Information contained in Board of Governors of the Federal Reserve System press release dated: January 27, 2021)

    The Federal Reserve is committed to using its full range of tools to support the U.S. economy in this challenging time, thereby promoting its maximum employment and price stability goals. The COVID-19 pandemic is causing tremendous human and economic hardship across the United States and around the world. The pace of the recovery in economic activity and employment has moderated in recent months, with weakness concentrated in the sectors most adversely affected by the pandemic. Weaker demand and earlier declines in oil prices have been holding down consumer price inflation. Overall financial conditions remain accommodative, in part reflecting policy measures to support the economy and the flow of credit to U.S. households and businesses. The path of the economy will depend significant...
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  • Day One Message to Staff from Secretary of the United States Department of the Treasury Janet L. Yellen

    Day One Message to Staff from Secretary of the United States Department of the Treasury Janet L. Yellen | site |





    (Information contained in U.S. Department of the Treasury press release dated: January 26, 2021)



    January 26, 2021 Washington - - Today, after being sworn in as the 78th Secretary of the U.S. Department of the Treasury by Vice President Kamala D. Harris, Secretary Janet L. Yellen sent a letter to the 84,000 public servants of the Department. The text of the letter is below: Dear colleagues, My name is Janet Yellen, and a short while ago, I was sworn in as the 78th Secretary of the Treasury. It’s an incredible honor to join this team of 84,000 public servants. I can’t overstate that. When President Biden asked if I would accept the position of Treasury Secretary, I said “yes” in large part because I knew who I would be working with. I had just spent fourteen years at the Federal Reserv...
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  • Janet L. Yellen Sworn In As 78th Secretary of the United States Department of the Treasury

    Janet L. Yellen Sworn In As 78th Secretary of the United States Department of the Treasury | site |




    (Information contained in U.S. Department of the Treasury press release dated: January 26, 2021)

    Washington - - Earlier today, Vice President Kamala D. Harris administered the oath of office to Janet L. Yellen. Secretary Yellen is the first woman to lead the U.S. Department of the Treasury in its 231-year history, and the first person to have served as Treasury Secretary, Chair of the Council of Economic Advisers, and Chair of the Federal Reserve. She has previously been confirmed by the Senate on four separate occasions....
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  • WHAT THEY ARE SAYING - - - Secretary of the Treasury Janet Yellen Confirmed in a Historic, Bi-Partisan Senate Vote

    WHAT THEY ARE SAYING: Secretary of the Treasury Janet Yellen Confirmed in a Historic, Bi-Partisan Senate Vote | site |




    (Information contained in U.S. Department of the Treasury press release dated: January 26, 2021)

    Washington - - Secretary Janet Yellen was confirmed in a historic vote by the United States Senate as Secretary of the Treasury Department, gaining broad bi-partisan support. The Senate confirmation came days after Secretary Yellen won unanimous backing from both Democrats and Republicans on the Senate Finance Committee. Secretary Yellen has the deep experience to meet this moment and get the economy back on track, strengthen the financial system, and restore jobs. As the first woman to lead the Treasury Department - and the first person to have ever served as Treasury Secretary, Chair of the Council of Economic Advisors and Chair of the Federal Reserve - Secretary Yellen is a strong, crisis-tested leader prepared to...
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  • FEMA Supports Vaccine Distribution - - - COVID-19 Response Update

    FEMA Supports Vaccine Distribution - - - COVID-19 Response Update

    Federal Emergency Management Agency Supports Vaccine Distribution: COVID-19 Response Update | site |



    (Information contained in Federal Emergency Management Agency [FEMA] press release dated: March 2, 2021)


    Washington - - FEMA continues its push to speed up vaccinations across the country, supporting states as they open additional community vaccination centers this week. In addition to Pfizer and Moderna, the Johnson & Johnson vaccine will be delivered to three federal pilot community vaccination centers in California, Florida and Texas, helping to bring this unprecedented pandemic to an end. FEMA continues increasing vaccine allocations to states, tribes and territories, ensuring everyone who wants a vaccine can get one. Using data from CDC’s social vulnerability index, the agency is partnering with state leaders to identify community vaccination centers where they will be able to do the most good for the most vulnerable populations. Today, a comm...
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  • AFT says Nurses, Unions, Allies Urge CDC to Acknowledge Covid-19 Aerosol Transmission to Help Bring Virus Under Control

    American Federation of Teachers says Nurses, Unions, Allies Urge CDC to Acknowledge Covid-19 Aerosol Transmission to Help Bring Virus Under Control | site |




    AFT says "National Nurses United (NNU) and 44 allied unions and organizations, representing over 13 million members and their communities, are joining in coalition to urge the U.S. Centers for Disease Control and Prevention (CDC) to update its Covid-19 guidance to fully reflect the latest scientific evidence regarding SARS-CoV-2 transmission through aerosols that infected people emit when they breathe, speak, cough, sneeze, or sing."


    (Information contained in American Federation of Teachers [AFT] press release dated: February 23, 2021)

    Today, the undersigned unions and organizations delivered a petition with over 10,000 signatures, including scientific experts, urging the CDC to fully recognize Covid-19 aerosol transmission now. The Biden administration has made a
    ...
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  • FDA Issues Emergency Use Authorization for Third COVID-19 Vaccine

    FDA Issues Emergency Use Authorization for Third COVID-19 Vaccine

    U.S. Food and Drug Administration Issues Emergency Use Authorization for Third COVID-19 Vaccine | site |



    FDA says "Action Advances Fight Against COVID-19, Follows Comprehensive Evaluation of Available Safety, Effectiveness and Manufacturing Quality Information by FDA Career Scientists, Input from External Experts"


    (Information contained in U.S. Food and Drug Administration [FDA] press released dated: February 27, 2021) Today, the U.S. Food and Drug Administration issued an emergency use authorization (EUA) for the third vaccine for the prevention of coronavirus disease 2019 (COVID-19) caused by severe acute respiratory syndrome coronavirus 2 (SARS-CoV-2). The EUA allows the Janssen COVID-19 Vaccine to be distributed in the U.S for use in individuals 18 years of age and older. “The authorization of this vaccine expands the availability of vaccines, the best medical prevention method for COVID-19, to help us in the fight against...
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  • U.S. Department of Education Announces More Biden-Harris Appointees

    U.S. Department of Education Announces More Biden-Harris Appointees

    U.S. Department of Education Announces More Biden-Harris Appointees | site |




    (Information contained in U.S. Department of Education press release dated: February 25, 2021)


    Washington - - Today, the U.S. Department of Education announced more political appointees that will lead various parts of the agency. These diverse and accomplished individuals will bring a wealth of knowledge and expertise to the Department, and work to quickly advance key education priorities for the Biden-Harris Administration.

    Clarence “CJ” Powell, Special Assistant, Office of Postsecondary Education CJ Powell most recently served as the higher education program analyst at The Leadership Conference on Civil and Human Rights and The Leadership Conference Education Fund. In this role, he staffed the higher education civil rights coalition, a table of more than 50 national civil rights and policy organizations. CJ began his career in education e
    ...
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  • CDC to Require Airlines to Collect Contact Information from Passengers from DRC and Guinea

    CDC to Require Airlines to Collect Contact Information from Passengers from DRC and Guinea

    Centers For Disease Control and Prevention to Require Airlines to Collect Contact Information from Passengers from Democratic Republic of the Congo and Guinea | site |



    (Information contained in Centers for Disease Control and Prevention press release dated: March 2, 2021) Starting Thursday, March 4, 2021, airlines and other aircraft operators will be required to collect and transmit contact information to Centers for Disease Control and Prevention (CDC) for appropriate public health follow-up and intervention for all passengers boarding a flight to the United States who were in the Democratic Republic of the Congo (DRC) or the Republic of Guinea within the 21 days before their arrival in the United States. There are currently outbreaks of Ebola Virus Disease (Ebola) in DRC and Guinea. The ability to identify and locate people in the U.S. who may have been exposed to a communicable disease, such as Ebola, abroad is critical to help prevent the spread...
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  • DHS Secretary Mayorkas Announces Family Reunification Task Force Principles and Executive Director

    DHS Secretary Mayorkas Announces Family Reunification Task Force Principles and Executive Director

    U.S. Department of Homeland Security Secretary Mayorkas Announces Family Reunification Task Force Principles and Executive Director | site |




    (Information contained in U.S. Department of Homeland Security [DHS] press release dated: March 1, 2021) Washington - - Secretary of Homeland Security Alejandro N. Mayorkas announced today the principles of the Family Reunification Task Force and the appointment of the Task Force’s Executive Director, Michelle Brané. “We are dedicating our resources throughout the Department of Homeland Security and the federal government, and bringing our full weight to bear, to reunite children who were cruelly separated from their parents,” said Secretary Mayorkas, who serves as the Chair of the Task Force. “It is our moral imperative to not only reunite the families, but to provide them with the relief, resources, and services they need to heal.” Secretary Mayorkas announced that Michelle Brané will serve as ...
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  • Federal Election Commission Approves Advisory Opinion, holds Administrative Review Hearing

    Federal Election Commission Approves Advisory Opinion, holds Administrative Review Hearing

    Federal Election Commission Approves Advisory Opinion, holds Administrative Review Hearing| site |


    (Information contained in Federal Election Commission [FEC] press release dated: February 25, 2021)

    Washington - - At its open meeting today, the Federal Election Commission approved an advisory opinion. The Commission also held an administrative review hearing at the request of a 2016 presidential campaign committee regarding a matching funds repayment determination made by the Commission in 2019.

    Advisory Opinion Request 2021-02 (FEN-PAC) The Commission approved an advisory opinion request from the Full Employment Now-Political Action Committee (FEN-PAC), an independent expenditure-only political committee, regarding whether it may use aggregate data about FEN-PAC contributors in communications with members of Congress and Congressional candidates on matters involving legislative and policy issues. The Commission concluded
    ...
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  • CDC has Updated its Food Safety Alert for a Listeria Outbreak linked to Queso Fresco made by El Abuelito Cheese Inc.

    Centers for Disease Control and Prevention has Updated its Food Safety Alert for a Listeria Outbreak linked to Queso Fresco made by El Abuelito Cheese Inc. | site |




    (Information contained in Centers for Disease Control and Prevention [CDC] press release dated: February 27, 2021

    CDC has updated its food safety alert for a Listeria outbreak linked to queso fresco made by El Abuelito Cheese Inc.: https://www.cdc.gov/listeria/outbrea...-21/index.html

    Key points:
    • CDC has learned that two other types of cheeses, quesillo and requeson, are made or packed by El Abuelito Cheese Inc. at the same facility as the recalled queso fresco. CDC is concerned that these cheeses could also be contaminated and could make people sick.
    • CDC is advising people at higher risk for severe Listeria illness to not eat any brand of quesillo or requeson cheeses until we learn more. This is because quesillo and requeson cheeses made or packed by El Abuelito
    ...
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  • Coronavirus COVID-19 Update - - - FDA Allows More Flexible Storage, Transportation Conditions for Pfizer-BioNTech COVID-19 Vaccine

    Coronavirus (COVID-19) Update: U.S. Food and Drug Administration Allows More Flexible Storage, Transportation Conditions for Pfizer-BioNTech COVID-19 Vaccine | site |



    Update Provides Alternative Temperature for Transportation and Temporary Storage for Frozen Vials Before Dilution


    (Information contained in U.S. Food and Drug Administration [FDA] press release dated: February 25, 2021) Today, the U.S. Food and Drug Administration announced that it is allowing undiluted frozen vials of the Pfizer-BioNTech COVID-19 Vaccine to be transported and stored at conventional temperatures commonly found in pharmaceutical freezers for a period of up to two weeks. This reflects an alternative to the preferred storage of the undiluted vials in an ultra-low temperature freezer between -80ºC to -60ºC (-112ºF to -76ºF). The change is being reflected in updates to the Fact Sheet for Healthcare Providers Administering Vaccine (Vaccination Providers)....
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  • Department of Commerce's EDA Awards Over 70 Million Dollars To Support Economic Recovery Across The U.S. And Territories

    Department of Commerce's Economic Development Administration Awards Over $70 Million To Support Economic Recovery Across The U.S. And Territories | site |


    (Information contained in U.S. Department of Commerce press release dated: February 11, 2021) Today, the Department of Commerce's Economic Development Administration announced over $70 million in CARES Act Recovery Assistance, Disaster Recovery, and Public Works Program grants to support businesses and communities adversely affected by the coronavirus pandemic and natural disasters, and bolster public works projects to spur economic growth. These grants provide critical gap financing for local companies, support infrastructure improvement projects, and strengthen workforce development programs to help create jobs and generate private investments in communities across the country. The Department of Commerce is committed to promoting equitable economic growth that strengthens U.S. businesses, creates goo...
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  • U.S. Department of Veterans Affairs launches Public Guidance to further protect Veterans’ personal Information

    U.S. Department of Veterans Affairs launches Public Guidance to further protect Veterans’ personal Information | site |


    (Information contained in U.S. Department of Veterans Affairs press release dated: February 22, 2021)

    Washington - - This February the Department of Veterans Affairs (VA) launched Ethics Principles for Access to and Use of Veteran Data as part of ongoing efforts to protect Veteran data.

    The new online resource outlines nine principles for communicating clear expectations on how Veteran data is to be managed and viewed by Veterans, staff, VA partners and other stakeholders. These principles reinforce VA’s standards of data privacy and protection maintained during VA’s distribution of nearly 2 million COVID-19 vaccinations to date, and other critical health care services during the coronavirus pandemic. “VA’s principle-based ethics framework takes a proactive approach to data management and privacy
    ...
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  • OCR Resolves Three Discrimination Complaints After Medstar Health System Ensures Patients With Disabilities Can Have Support Persons in Health Care Settings During Covid-19 Pandemic

    Office for Civil Rights Resolves Three Discrimination Complaints After Medstar Health System Ensures Patients With Disabilities Can Have Support Persons in Health Care Settings During Covid-19 Pandemic | site |



    (Information contained in U.S. Department of Health and Human Services [HHS] news release dated: February 25, 2021) Today, the Office for Civil Rights (OCR) at the U.S Department of Health and Human Services announces the resolution of three disability discrimination complaints to ensure that patients with disabilities are allowed access to support persons in MedStar Health hospitals and care locations during the COVID-19 pandemic. A support person may be a family member, personal care assistant, similar disability service provider, or other individual knowledgeable about the management or care of the patient who is authorized to assist the patient in making decisions. None of the individuals in the complaints had COVID-19, but all w...
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  • GSA Names Key Positions in Leadership Roster Bringing in Congressional, State, and Local Government Experience

    U.S. General Services Administration Names Key Positions in Leadership Roster Bringing in Congressional, State, and Local Government Experience | site |



    (Information contained in U.S. General Services Administration [GSA] press release dated: February 16, 2021)

    Washington - - Today, the U.S. General Services Administration (GSA) announced the appointments of four key roles. These new appointees are:
    • Exodie Roe III, Associate Administrator, Office of Small and Disadvantaged Business Utilization
    • Roberto Rosas, Policy Advisor, Office of Congressional and Intergovernmental Affairs
    • Venecia Fernandez, Policy Advisor, Office of Congressional and Intergovernmental Affairs
    • LeJamiel Goodall, Senior Advisor to the Deputy Administrator
    • Laila ElGohary, White House Liaison
    “We are thrilled to have Exodie Roe III on board. His team will partner with the Federal Acquisition Service and the Public Buildings Service to broaden diversity, equity,...
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  • Creating Equity in Energy for People of Color

    Creating Equity in Energy for People of Color

    Creating Equity in Energy for People of Color | site |


    (Information contained in U.S. Department of Energy [DOE] news release dated: February 23, 2021)

    Today’s battle against climate change and efforts to develop clean, renewable sources of energy, have laid bare the disparities facing Black, Indigenous, and people of color in America in the energy space. Efforts like President Joe Biden’s latest executive order to address climate change aim to address inequities that have prevented underserved communities from accessing the benefits of clean energy. Amid this shifting landscape, Shalanda Baker sees a chance to make a positive difference as the Department of Energy’s first-ever deputy director for Energy Justice. “I’m excited about the potential to remediate the most hazardous and harmful impacts of climate, while also creating opportunities for economic empowerment in the communities who are most impacted by climate change,” she said. B...
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  • U.S. Department of Transportation Announces FY 2021 Round of the Infrastructure for Rebuilding America Grant Program

    U.S. Department of Transportation Announces FY 2021 Round of the Infrastructure for Rebuilding America (INFRA) Grant Program | site |




    (Information contained in U.S. Department of Transportation press release dated: February 17, 2021) Washington - - The U.S. Department of Transportation (USDOT) today announced it is seeking applicants for the Fiscal Year (FY) 2021 round of the Infrastructure for Rebuilding America (INFRA) discretionary grant program. INFRA grants will fund transportation projects of national and regional significance that are in line with the Biden Administration’s priorities including creating good-paying jobs, improving safety, applying transformative technology, and explicitly addressing climate change and racial equity. The funding available for this year’s grants totals approximately $889 million. The Department recognizes the role that infrastructure investment plays in economic development and job creation, and the a...
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  • Coronavirus (COVID-19) Update: February 23, 2021

    Coronavirus (COVID-19) Update: February 23, 2021

    Coronavirus (COVID-19) Update: February 23, 2021 | site |



    (Information contained in U.S. Food and Drug Administration [FDA] press release dated: February 23, 2021)

    The U.S. Food and Drug Administration today announced the following actions taken in its ongoing response effort to the COVID-19 pandemic:
    • Yesterday, the FDA issued guidances for medical product developers, specifically covering vaccines, diagnostics and therapeutics products, to address the emergence and potential future emergence of variants of SARS-CoV-2, the virus that causes COVID-19
    • The FDA issued a safety communication to inform patients and health care providers that pulse oximeters have limitations and a risk of inaccuracy under certain circumstances. The Pulse Oximeter Accuracy and Limitations: FDA Safety Communication provides:
      • Important recommendations for patients and their caregivers on how to use pulse oximeters at home.
      • Recommendations for health
    ...
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  • U.S. Office of Personnel Management Announces Key Biden-Harris Staff Appointments

    U.S. Office of Personnel Management Announces Key Biden-Harris Staff Appointments

    U.S. Office of Personnel Management Announces Key Biden-Harris Staff Appointments | site |


    (Information contained in U.S. Office of Personnel Management [OPM] press release dated: January 25, 2021) Washington, DC - - Today, the Biden-Harris Administration announced several political appointees to the U.S. Office of Personnel Management (OPM). The group will work alongside OPM civil servants in support of OPM’s mission and the Biden Administration’s commitment to build a federal workforce that reflects the diversity of America. “President Biden made a promise to the American people that he would assemble diverse and talented teams that look like America, and today he continues to fulfill that promise,” said Chris Canning, incoming Chief of Staff. “We are looking forward to joining the hard working and committed civil servants at OPM to support and empower the federal workforce.” OPM works in several broad categories to lead and serve ...
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  • Listeria Outbreak Update - - - CDC Warning

    in Food

    Listeria Outbreak Update - - - CDC Warning

    Listeria Outbreak Update: CDC Warning| site |



    (Information contained in Centers for Disease Control and Prevention [CDC] press release dated: February 24, 2021)

    CDC has updated its food safety alert for a Listeria outbreak linked to queso fresco made by El Abuelito Cheese Inc.: https://www.cdc.gov/listeria/outbrea...-21/index.html

    Key points:
    • CDC has expanded its advice to not eat, sell, or serve any cheese sold under the brand name El Abuelito, in addition to recalled queso fresco cheese sold under the brand names of El Abuelito, Rio Grande, and Rio Lindo. CDC is concerned that any cheese made or handled at this facility could be contaminated and make people sick.
    • Three new illnesses were reported this week. This outbreak has sickened a total of 10 people in four states (Connecticut, Maryland, New York, and Virginia).
    • Nine people have been hospitalized. No deaths have been reported.
    • Interviews with sick people
    ...
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  • SBA Reaches 200 Billion Dollars Milestone in Economic Injury Disaster Loan Program to Small Businesses and Non-Profits

    SBA Reaches $200 Billion Milestone in Economic Injury Disaster Loan Program to Small Businesses and Non-Profits | site |



    (Information contained in U.S. Small Business Administration [SBA] press release dated: February 12, 2021)

    Washington - - Today, the U.S. Small Business Administration reached a milestone in the success of the COVID-19 Economic Injury Disaster Loan (EIDL) program, which has provided U.S. small businesses, non-profits, and agricultural businesses a total of $200 billion in emergency funding. “Following the enactment of COVID-19 emergency legislation, the SBA has now provided more than 3.7 million small businesses employing more than 20 million people with $200 billion through the unprecedented COVID-19 EIDL loan program,” Acting Administrator Tami Perriello said. “SBA remains committed to helping small businesses recover from the unprecedented economic effects of COVID-19.” SBA is still accepting COVID-1...
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  • Agencies issue Shared National Credit Review

    Agencies issue Shared National Credit Review

    Agencies issue Shared National Credit Review | site |




    (Information contained in Board of Governors of the Federal Reserve System press release dated: February 25, 2021)

    Board of Governors of the Federal Reserve System
    Federal Deposit Insurance Corporation
    Office of the Comptroller of the Currency
    Credit risk for large, syndicated loans has increased over the last year, according to the 2020 Shared National Credit (SNC) Review released by federal bank regulatory agencies today. The elevated risk is largely attributed to the effects of COVD-19. While risk has increased, many agent banks have strengthened their risk management systems since the prior downturn and are better equipped to measure and mitigate risks associated with loans in the current environment. The review, which evaluates the quality of large syndicated loans, was conducted by the Federal Reserve Board, the Federal Deposit Insurance Corporation, and the Office of the C
    ...
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