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  • National Transportation Safety Board says First Officer, Captain Actions, Aviation Industry Practices, Led to Fatal Atlas Air Crash

    National Transportation Safety Board says First Officer, Captain Actions, Aviation Industry Practices, Led to Fatal Atlas Air Crash | site |



    (July 14, 2020) - - Today, July 14, 2020, the National Transportation Safety Board (NTSB) published the following information:

    ​WASHINGTON (July 14, 2020) — The National Transportation Safety Board determined during a public board meeting held Tuesday that Atlas Air flight 3591 crashed in Trinity Bay, Texas, because of the first officer’s inappropriate response to an inadvertent activation of the airplane’s go-around mode, resulting in his spatial disorientation that led him to place the airplane in a steep descent from which the crew did not recover.

    The accident happened Feb. 23, 2019, when the Atlas Air Boeing 767 cargo jet entered a rapid descent from about 6,000 feet and impacted a marshy bay about 40 miles from Houston’s George Bush Intercontinental Airport. The captain, first
    ...
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  • National Transportation Safety Board calls for Renewed Road Safety Effort as Nation Reopens

    National Transportation Safety Board calls for Renewed Road Safety Effort as Nation Reopens | site |


    (May 18, 2020) - - Today (May 18, 2020), the National Transportation Safety Board (NTSB) published the following information: WASHINGTON (May 18, 2020) — The National Transportation Safety Board is calling on Americans to practice highway safety with the same sense of responsibility they applied to reducing the spread of the coronavirus when they take to the nation’s roads as the country continues to reopen. In a “normal” year, more than 36,000 Americans are killed on our roads. While it is too early to tell what will happen to highway crash and fatality trends in the year of the pandemic, the desire to return to normality will increase the number of drivers on the road and that increases risk for highway users. “The number of traffic fatalities was a crisis before the pandemic,” said Robert L. Sumwalt, chairman of the National Transportation Safety Boar...
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  • Board of Governors of the Federal Reserve System publishes Minutes of the Board's Discount Rate Meeting on April 29, 2020

    Board of Governors of the Federal Reserve System publishes Minutes of the Board's Discount Rate Meeting on April 29, 2020 | site |


    (May 26, 2020) - - Today (May 26, 2020), the Board of Governors of the Federal Reserve System published the following information:

    The Federal Reserve Board on Tuesday released the minutes of its interest rate meeting on April 29, 2020.

    The minutes are attached.



    Attachment (PDF)
    ...
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  • Federal Reserve Board extends the Application Period for Membership on the Community Advisory Council

    Federal Reserve Board extends the Application Period for Membership on the Community Advisory Council | site |



    (May 26, 2020) - - Today, the Board of Governors of the Federal Reserve System published the following information:

    The Federal Reserve Board has extended until July 3, 2020, the application period for membership on the Community Advisory Council.

    The application period has been extended in light of ongoing challenges for households and businesses caused by the COVID-19 emergency in order to provide additional opportunity for interested persons to submit their applications.

    The Board's Federal Register notice is attached. Applications were originally due by June 5, 2020.


    Federal Register notice: Solicitation of Applications for Membership on the Community Advisory Council Extension of Application Period (PDF)
    ...
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  • Federal Reserve Board Expands its Program of Support for Flow of Credit to the Economy

    Federal Reserve Board Expands its Program of Support for Flow of Credit to the Economy by taking Steps to Enhance Liquidity and Functioning of Crucial State and Municipal Money Markets| site |



    (March 20, 2020) - - Today (March 20, 2020), the Board of Governors of the Federal Reserve System published the following information: The Federal Reserve Board on Friday expanded its program of support for the flow of credit to the economy by taking steps to enhance the liquidity and functioning of crucial state and municipal money markets. Through the Money Market Mutual Fund Liquidity Facility, or MMLF, the Federal Reserve Bank of Boston will now be able to make loans available to eligible financial institutions secured by certain high-quality assets purchased from single state and other tax-exempt municipal money market mutual funds. The attached term sheet details the assets that are eligible under the MMLF program, as well as additional information. More deta...
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  • Federal Reserve Board Encouraged by Increase in Discount Window Borrowing to Support the Flow of Credit to Households and Businesses

    Federal Reserve Board Encouraged by Increase in Discount Window Borrowing to Support the Flow of Credit to Households and Businesses | site |




    March 19. 2020) - - Today (March 19, 2020), the Board of Governors of the Federal Reserve System published the following information:

    The Federal Reserve Board is encouraged by the notable increase in discount window borrowing this week with banks demonstrating a willingness to use the discount window as a source of funding to support the flow of credit to households and businesses.

    This uptick follows the recent changes to the discount window announced by the Federal Reserve and the federal banking regulators' recent statement encouraging financial institutions to use the discount window. In that statement, the Federal Reserve and other federal regulatory agencies underscored the role of the discount window. By providing ready access to funding, the discount window helps depository institution
    ...
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  • This article by Staff Reporter 1 has been deleted by Staff Reporter 1


  • Federal Reserve Board broadens Program of Support for the Flow of Credit to Households and Businesses

    Federal Reserve Board broadens Program of Support for the Flow of Credit to Households and Businesses by establishing a Money Market Mutual Fund Liquidity Facility (MMLF)| site |



    (March 18, 2020) - - Today, the Board of Governors of the Federal Reserve System published the following information: The Federal Reserve Board on Wednesday broadened its program of support for the flow of credit to households and businesses by taking steps to enhance the liquidity and functioning of crucial money markets. Through the establishment of a Money Market Mutual Fund Liquidity Facility, or MMLF, the Federal Reserve Bank of Boston will make loans available to eligible financial institutions secured by high-quality assets purchased by the financial institution from money market mutual funds. Money market funds are common investment tools for families, businesses, and a range of companies. The MMLF will assist money market funds in meeting demands for redemptions by househol...
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  • College Board is Canceling the May 2, 2020 SAT and SAT Subject Test Administration

    College Board is Canceling the May 2, 2020 SAT and SAT Subject Test Administration| site |



    (March 18, 2020) - - According to its website, the College Board is canceling the May 2, 2020 SAT and SAT Subject Test administration.

    The information is located on their website HERE
    ...
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  • Federal Reserve Board announces establishment of a Primary Dealer Credit Facility

    Federal Reserve Board announces establishment of a Primary Dealer Credit Facility| site |



    Primary Dealer Credit Facility (PDCF) to support the credit needs of households and businesses


    (March 17, 2020) - - Today (March 17, 2020), the Board of Governors of the Federal Reserve System published the following information: To support the credit needs of American households and businesses, the Federal Reserve Board on Tuesday announced that it will establish a Primary Dealer Credit Facility, or PDCF. The facility will allow primary dealers to support smooth market functioning and facilitate the availability of credit to businesses and households. The PDCF will offer overnight and term funding with maturities up to 90 days and will be available on March 20, 2020. It will be in place for at least six months and may be extended as conditions warrant. Credit extended to primary dealers under this facility may be collateralized by a broad range of inv...
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  • Federal Reserve Board announces establishment of a Commercial Paper Funding Facility

    Federal Reserve Board announces establishment of a Commercial Paper Funding Facility| site |



    Commercial Paper Funding Facility (CPFF) to support the flow of credit to households and businesses


    (March 17, 2020) - - Today (March 17, 2020), the Board of Governors of the Federal Reserve System published the following information: The Federal Reserve Board announced today that it will establish a Commercial Paper Funding Facility (CPFF) to support the flow of credit to households and businesses. Commercial paper markets directly finance a wide range of economic activity, supplying credit and funding for auto loans and mortgages as well as liquidity to meet the operational needs of a range of companies. By ensuring the smooth functioning of this market, particularly in times of strain, the Federal Reserve is providing credit that will support families, businesses, and jobs across the economy. The CPFF will provide a liquidity backstop to U.S. iss...
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  • Federal Reserve Board publishes Community Reinvestment Act Analytics Data Tables

    Federal Reserve Board publishes Community Reinvestment Act Analytics Data Tables| site |



    (March 6, 2020) - - Today, the Board of Governors of the Federal Reserve System published the following information:

    The Federal Reserve Board on Friday released a series of Community Reinvestment Act (CRA) Analytics Data Tables. This data resource is intended to provide insight into the historical relationship between bank lending activity and regulatory assessments.

    The tables combine Home Mortgage Disclosure Act (HMDA) data, CRA small business and small farm loan data, and manually extracted data from CRA Performance Evaluations. Bank attributes, deposit, branching, demographic, and other third-party vendor data supplement the tables.

    More information about this database can be found here: https://www.federalreserve.gov/consu...ata_tables.htm
    ...
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  • Federal Reserve Board Approves Rule to Simplify its Capital Rules for Large Banks, Preserving the Strong Capital Requirements Already in Place

    Federal Reserve Board Approves Rule to Simplify its Capital Rules for Large Banks, Preserving the Strong Capital Requirements Already in Place| site |




    (March 4, 2020) - - Today, the Board of Governors of the Federal Reserve System published the following information: The Federal Reserve Board on Wednesday approved a rule to simplify its capital rules for large banks, preserving the strong capital requirements already in place. The "stress capital buffer," or SCB, integrates the Board's stress test results with its non-stress capital requirements. As a result, required capital levels for each firm would more closely match its risk profile and likely losses as measured via the Board's stress tests. The rule is broadly similar to the proposal from April 2018, with a few changes in response to comments. "The stress capital buffer materially simplifies the post-crisis capital framework for banks, while maintaining the strong capital requirements that ar...
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  • Minutes of the Board's Discount Rate Meetings from January 21 and January 29, 2020

    Minutes of the Board's Discount Rate Meetings from January 21 and January 29, 2020| site |




    February 25, 2020) - - Today, the Board of Governors of the Federal Reserve System published the following information:

    The Federal Reserve Board on Tuesday released the minutes of its interest rate meetings on January 21 and January 29, 2020.

    The minutes are attached.


    Attachment (PDF)
    ...
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  • Federal Reserve Board releases Hypothetical Scenarios for its 2020 Stress Test Exercises

    Federal Reserve Board releases Hypothetical Scenarios for its 2020 Stress Test Exercises| site |



    (February 6, 2020) - - Today (February 6, 2020), the Board of Governors of the Federal Reserve System published the following information: The Federal Reserve Board on Thursday released the hypothetical scenarios for the 2020 stress test exercises, which ensure that large banks have adequate capital and processes so that they can continue lending to households and businesses, even during a severe recession. The harshest scenario includes a severe global recession with heightened stresses in corporate debt markets and commercial real estate, and for banks with large trading operations, additional pressure on leveraged loans. The Board's stress test framework consists of the Comprehensive Capital Analysis and Review, also known as CCAR, and the Dodd-Frank Act stress tests. Both exercises have been a cornerstone of the Board's post-crisis framework for large banks, and th...
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  • Staff Reporter 1
    National Transportation Safety Board says First Officer, Captain Actions, Aviation Industry Practices, Led to Fatal Atlas Air Crash
    by Staff Reporter 1
    National Transportation Safety Board says First Officer, Captain Actions, Aviation Industry Practices, Led to Fatal Atlas Air Crash | site |



    (July 14, 2020) - - Today, July 14, 2020, the National Transportation Safety Board (NTSB) published the following information:

    ​WASHINGTON (July 14, 2020) — The National Transportation Safety Board determined during a public board meeting held Tuesday that Atlas Air flight 3591 crashed in Trinity Bay, Texas, because of the first officer’s inappropriate response to an inadvertent activation of the airplane’s go-around mode, resulting in his spatial disorientation that led him to place the airplane in a steep descent from which the crew did not recover.

    The accident happened Feb. 23, 2019, when the Atlas Air Boeing 767 cargo jet entered a rapid descent from about 6,000 feet and impacted a marshy bay about 40 miles from Houston’s George Bush Intercontinental Airport. The captain, first
    ...
    08-31-2020, 03:38 PM
  • Staff Reporter 1
    National Transportation Safety Board calls for Renewed Road Safety Effort as Nation Reopens
    by Staff Reporter 1
    National Transportation Safety Board calls for Renewed Road Safety Effort as Nation Reopens | site |


    (May 18, 2020) - - Today (May 18, 2020), the National Transportation Safety Board (NTSB) published the following information: WASHINGTON (May 18, 2020) — The National Transportation Safety Board is calling on Americans to practice highway safety with the same sense of responsibility they applied to reducing the spread of the coronavirus when they take to the nation’s roads as the country continues to reopen. In a “normal” year, more than 36,000 Americans are killed on our roads. While it is too early to tell what will happen to highway crash and fatality trends in the year of the pandemic, the desire to return to normality will increase the number of drivers on the road and that increases risk for highway users. “The number of traffic fatalities was a crisis before the pandemic,” said Robert L. Sumwalt, chairman of the National Transportation Safety Boar...
    05-29-2020, 07:00 AM
  • Staff Reporter 1
    Board of Governors of the Federal Reserve System publishes Minutes of the Board's Discount Rate Meeting on April 29, 2020
    by Staff Reporter 1
    Board of Governors of the Federal Reserve System publishes Minutes of the Board's Discount Rate Meeting on April 29, 2020 | site |


    (May 26, 2020) - - Today (May 26, 2020), the Board of Governors of the Federal Reserve System published the following information:

    The Federal Reserve Board on Tuesday released the minutes of its interest rate meeting on April 29, 2020.

    The minutes are attached.



    Attachment (PDF)
    ...
    05-29-2020, 04:49 AM
  • Staff Reporter 1
    Federal Reserve Board extends the Application Period for Membership on the Community Advisory Council
    by Staff Reporter 1
    Federal Reserve Board extends the Application Period for Membership on the Community Advisory Council | site |



    (May 26, 2020) - - Today, the Board of Governors of the Federal Reserve System published the following information:

    The Federal Reserve Board has extended until July 3, 2020, the application period for membership on the Community Advisory Council.

    The application period has been extended in light of ongoing challenges for households and businesses caused by the COVID-19 emergency in order to provide additional opportunity for interested persons to submit their applications.

    The Board's Federal Register notice is attached. Applications were originally due by June 5, 2020.


    Federal Register notice: Solicitation of Applications for Membership on the Community Advisory Council Extension of Application Period (PDF)
    ...
    05-27-2020, 02:07 AM
  • Staff Reporter 1
    Federal Reserve Board Expands its Program of Support for Flow of Credit to the Economy
    by Staff Reporter 1
    Federal Reserve Board Expands its Program of Support for Flow of Credit to the Economy by taking Steps to Enhance Liquidity and Functioning of Crucial State and Municipal Money Markets| site |



    (March 20, 2020) - - Today (March 20, 2020), the Board of Governors of the Federal Reserve System published the following information: The Federal Reserve Board on Friday expanded its program of support for the flow of credit to the economy by taking steps to enhance the liquidity and functioning of crucial state and municipal money markets. Through the Money Market Mutual Fund Liquidity Facility, or MMLF, the Federal Reserve Bank of Boston will now be able to make loans available to eligible financial institutions secured by certain high-quality assets purchased from single state and other tax-exempt municipal money market mutual funds. The attached term sheet details the assets that are eligible under the MMLF program, as well as additional information. More deta...
    03-23-2020, 10:45 AM

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