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  • Federal Communications Commission to Host Webinar on Virtual Volunteerism on Dec. 2

    Federal Communications Commission to Host Webinar on Virtual Volunteerism on Dec. 2 | site |




    (Information contained in Federal Communications Commission [FCC] release: November 24, 2020)

    The FCC's Consumer and Governmental Affairs Bureau will host a webinar on Virtual Volunteerism: leveraging broadband to match individual volunteers with nonprofit organizations and provide services. The free webinar will begin Dec. 2 at 1 p.m. ET.


    Editor's note: The FCC Public Notice detailing the webinar may be viewed at https://docs.fcc.gov/public/attachme...C-368347A1.pdf or press HERE





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  • Minutes of the Federal Open Market Committee, November 4-5, 2020

    Minutes of the Federal Open Market Committee, November 4-5, 2020

    Minutes of the Federal Open Market Committee, November 4-5, 2020 | site |



    (Information contained in Board of Governors of the Federal Reserve System press release: November 25, 2020)

    The Federal Reserve Board and the Federal Open Market Committee on Wednesday released the attached minutes of the Committee meeting held on November 4-5, 2020.

    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/moneta...ccalendars.htm


    Minutes of the Federal Open Market Committee
    November 4-5, 2020: HT
    ...
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  • Federal Railroad Administration Publishes Railroads’ Third Quarter 2020 Positive Train Control Implementation Status Updates

    Federal Railroad Administration Publishes Railroads’ Third Quarter 2020 Positive Train Control Implementation Status Updates | site |


    PTC systems governing operations on 99.6% of all 57,537 PTC-mandated route miles


    (Information contained in Federal Railroad Administration [FRA] press release: November 18, 2020) WASHINGTON - The U.S. Department of Transportation’s Federal Railroad Administration (FRA) today released a quarterly status update on railroads’ self-reported progress, as of September 30, 2020, toward fully implementing positive train control (PTC) systems by December 31, 2020, as required by Congress. All railroads subject to the statutory mandate are currently operating PTC systems in revenue service or in advanced field testing, known as revenue service demonstration (RSD). As of September 30, PTC technology remains to be activated on approximately 223 required route miles, based on railroads’ Third Quarter 2020 PTC Progres...
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  • Federal Reserve announces College Fed Challenge winners

    Federal Reserve announces College Fed Challenge winners

    Federal Reserve announces College Fed Challenge winners | site |


    (Information contained in Board of Governors of the Federal Reserve System press release: November 20, 2020) Dartmouth College won the 17th annual national College Fed Challenge on Friday, a competition that encourages students to learn about the U.S. economy, monetary policymaking, and the role of the Federal Reserve System. The team, from Hanover, New Hampshire, represented the Boston Federal Reserve District and included Ayan Agarwal, Utsav Jalen, Kira Koehler, Tench Coxe, and Zach Olson. The team's advisers were Elisabeth Curtis and C. Frank Zarnowski. The College Fed Challenge was held virtually in 2020. Eighty five schools from across the nation submitted video presentations or participated in local virtual competitions starting on October 9, 2020. Eighteen semi-finalist teams participated in question-and-answer sessions held during the week of November 9, and six finalists were selected and their...
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  • FinCEN and Federal Banking Agencies Clarify BSA Due Diligence Expectations for Charities and Non-Profit Customers

    FinCEN and Federal Banking Agencies Clarify BSA Due Diligence Expectations for Charities and Non-Profit Customers| site |


    (Information contained in U.S. Department of the Treasury press release: November 19, 2020)

    WASHINGTON—In coordination with the Federal Banking Agencies, the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) today issued a joint fact sheet to provide clarity to banks on how to apply a risk-based approach to charities and other non-profit organizations (NPOs). The joint fact sheet highlights the importance of ensuring that legitimate charities have access to financial services and can transmit funds through legitimate and transparent channels, especially during the current COVID-19 pandemic. Also, the joint fact sheet reminds banks to apply a risk-based approach to customer due diligence (CDD) requirements when developing the risk profiles of charities and other non-profit customers. The fact sheet reaff
    ...
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  • Federal Reserve Board issues Final Rule modifying the Annual Assessment fees for its Supervision and Regulation of large Financial Companies

    Federal Reserve Board issues Final Rule modifying the Annual Assessment fees for its Supervision and Regulation of large Financial Companies | site |



    (Information contained in press release issued by Board of Governors of the Federal Reserve System: November 19, 2020) The Federal Reserve Board on Thursday issued a final rule modifying the annual assessment fees for its supervision and regulation of large financial companies, as required by the Economic Growth, Regulatory Relief, and Consumer Protection Act (EGRRCPA). The final rule is nearly identical to the proposal issued in November 2019. The final rule raises the threshold at which fees are assessed for bank holding companies and savings and loan holding companies from $50 billion to $100 billion in total consolidated assets. Additionally, it adjusts the amount charged to certain bank holding companies and savings and loan holding companies following changes from the Board related to the EGRRCPA. The fi
    ...
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  • Federal Communications Commission Proposes Satellite Downlinks in the 17 GHz Band

    Federal Communications Commission Proposes Satellite Downlinks in the 17 GHz Band | site |



    FCC says "Reform Would Make More Efficient Use of Spectrum While Supporting Deployment of Advanced Satellite-Based Broadband Services"


    (Information contained in Federal Communications Commission [FCC] press release: November 18, 2020) WASHINGTON, November 18, 2020—The Federal Communications Commission today adopted a Notice of Proposed Rulemaking proposing to make 17 GHz band spectrum available for geostationary orbit fixed-satellite downlink operations. With advanced, high-throughput satellite systems’ reliance on downlink (transmissions in the space-to-Earth direction) capacity for delivering satellite-based services like broadband, the Commission is initiating this rulemaking to empower next-generation satellites to help bridge the digital divide. Today’s action seeks comment on proposed changes to the U.S. Table of Frequency Allocations a...
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  • Federal Emergency Management Agency says Use FEMA Grants for Intended Purpose

    Federal Emergency Management Agency says Use FEMA Grants for Intended Purpose

    Federal Emergency Management Agency says Use FEMA Grants for Intended Purpose | site |


    (November 17, 2020) - - On November 17, 2020 the Federal Emergency Management Agency (FEMA) published the following information: PENSACOLA, Fla. – FEMA reminds Panhandle residents who have received federal disaster assistance for Hurricane Sally to use the money for its intended purpose and to keep receipts for three years. Disaster assistance is intended to help residents meet basic disaster-related needs. A letter explaining what the payment is to be used for arrives within a day or two of the check or direct deposit payment. If applicants spend the payment on anything other than the purpose for which it is intended, they may be denied future disaster assistance. In some cases, FEMA may ask that the money be returned. Those receiving assistance are urged to keep receipts for their disaster spending for three years to document that the money was used to meet disaster-relate...
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  • IRS says Get Ready for Taxes - - - Get ready now to File 2020 Federal Income Tax Returns

    U.S. Internal Revenue Service says Get Ready for Taxes: Get ready now to File 2020 Federal Income Tax Returns | site |


    (November 17, 2020) - - On November 17, 2020 the U.S. Internal Revenue Service (IRS) published the following information:

    Washington - - The Internal Revenue Service today encouraged taxpayers to take necessary actions this fall to help them file their federal tax returns timely and accurately in 2021, including special steps related to Economic Impact Payments (EIP).

    This is the first in a series of reminders to help taxpayers get ready for the upcoming tax filing season. A special page, updated and available on IRS.gov, outlines steps taxpayers can take now to prepare for the 2021 tax return filing season ahead.

    Steps taxpayers can take now to make tax filing easier in 2021

    Taxpayers should gather Forms W-2, Wage and Tax Statement, Forms 1099-MISC, Miscellaneous Income, and other income documents
    ...
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  • Veterans Affairs, Federal Partners plan for COVID-19 Vaccination Distribution

    Veterans Affairs, Federal Partners plan for COVID-19 Vaccination Distribution

    Veterans Affairs, Federal Partners plan for COVID-19 Vaccination Distribution | site |


    (November 17, 2020) - - On November 17, 2020 the U.S. Department of Veterans Affairs published the following information: Washington - - The U.S. Department of Veterans Affairs (VA) announced today it is working with the Centers for Disease Control and Prevention (CDC) and other federal partners to develop a comprehensive COVID-19 vaccine plan to ensure VA safely and equitably distributes vaccines once authorized. The plan will be a phased approach based on scientific and historical evidence, lessons learned from past pandemic vaccine plans and input from scientific experts both within and outside VA. “In October, staff at VA medical facilities conducted important planning exercises in preparation for the vaccine,” said VA Secretary Robert Wilkie. “These exercises help us to address vaccine distribution, allocation, safety monitoring and supply tracking.” COVID-19 v...
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  • FCC says 2019 Broadband Deployment Data show Digital Divide is Closing

    FCC says 2019 Broadband Deployment Data show Digital Divide is Closing

    Federal Communications Commission says 2019 Broadband Deployment Data show Digital Divide is Closing | site |


    Gains for Rural Americans Across the Country


    (November 12, 2020) - - On November 12, 2020 the Federal Communications Commission (FCC) published the following information: WASHINGTON, November 12, 2020—The Federal Communications Commission’s Office of Economics and Analytics today released data showing that the digital divide is closing. At the end of 2019, the number of Americans living in areas without access to terrestrial fixed broadband with speeds of at least 25/3 Mbps—the Commission’s benchmark for high-speed broadband—fell to 14.5 million, a 46% decrease from the end of 2016. Services at higher speeds saw even more significant deployment, with the number of Americans living in areas without broadband speeds of at least 250/25 Mbps falling by 77% since the end of 2016. During that three-year period, the number of rural Am...
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  • Federal Housing Administration proposes Private Flood Insurance Option for Single Family Mortgages

    Federal Housing Administration proposes Private Flood Insurance Option for Single Family Mortgages | site |


    (November 10, 2020) - - In a press release dated November 10, 2020, the U.S. Department of Housing and Urban Development (HUD) published the following information:

    WASHINGTON - The Federal Housing Administration (FHA) today published a proposed rule on its website that highlights a proposal to allow a private flood insurance option instead of insurance through the National Flood Insurance Program (NFIP), when flood insurance is required by FHA. The proposed changes would allow lenders to begin accepting private flood insurance policies for single family insured loans for homes located in Federal Emergency Management Agency-designated Special Flood Hazard Areas (SFHAs), consistent with similar provisions in use by other industry participants. “Our proposal would expand the options for obtaining flood insurance, rather than continuing to lock
    ...
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  • OPM Announces the Start of Open Season for Federal Employees

    OPM Announces the Start of Open Season for Federal Employees

    U.S. Office of Personnel Management announces the Start of Open Season for Federal Employees | site |




    (November 10, 2020) - - Today, November 10, 2020, the U.S. Office of Personnel Management published the following information:

    WASHINGTON, DC – This week, the U.S. Office of Personnel Management (OPM) began this year’s Federal Benefits Open Season, allowing enrollees to select their health, dental, vision, or flexible spending account benefits for the year 2021.

    Beginning Monday, November 9, eligible Federal employees and retirees can elect to stay with their current plan or select a new one. Open Season ends Monday, December 14.

    Enrollees can use OPM’s Plan Comparison Tool to compare the cost of different plans’ monthly premiums, deductibles, and annual out-of-pocket maximums. These tools make it easy for customers to learn their coverage options and make an informed decision for the coming year.

    Visit
    ...
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  • Federal Reserve Board approves Fee Schedule for Federal Reserve Bank Priced Services

    Federal Reserve Board approves Fee Schedule for Federal Reserve Bank Priced Services | site |


    (November 10, 2020) - - Today the Board of Governors of the Federal Reserve System published the following information: The Federal Reserve Board on Tuesday announced the approval of fee schedules, effective January 4, 2021, for payment services the Federal Reserve Banks provide to depository institutions (priced services). The Reserve Banks project that they will recover 98.7 percent of their priced services costs in 2021. The Reserve Banks will maintain the current schedule of prices for payment services provided to depository institutions (priced services) in 2021, with the exception of a modification to the Check Services participation fee. While the Reserve Banks do not expect to recover fully actual and imputed expenses, including profit that would have been earned if a private-sector firm provided the services, in 2021, they do expect to recover fully expenses over the...
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  • FEMA says Wildfire Survivors Must Apply To Extend Time For FEMA Rental Assistance

    Federal Emergency Management Agency says Wildfire Survivors Must Apply To Extend Time For FEMA Rental Assistance| site |



    (November 9, 2020) - - On November 9, 2020 the Federal Emergency Management Agency (FEMA) published the following information: SACRAMENTO, Calif. – Wildfire survivors who received an initial rental assistance award may be eligible for an extension of that after two months but must request it. Many individuals and households who had to move after their homes were damaged or lost due to August/September wildfires in 13 counties have been receiving help from FEMA paying rent on temporary alternative housing. The counties are Butte, Lake, Lassen, Monterey, Napa, San Mateo, Santa Clara, Santa Cruz, Solano, Sonoma, Trinity, Tulare and Yolo. Two weeks after a household initially receives rental assistance, FEMA mails them a letter or an application for an extension. Anyone currently receiving temporary housing assistance who has not received a l...
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  • Staff Reporter 1
    Federal Communications Commission to Host Webinar on Virtual Volunteerism on Dec. 2
    by Staff Reporter 1
    Federal Communications Commission to Host Webinar on Virtual Volunteerism on Dec. 2 | site |




    (Information contained in Federal Communications Commission [FCC] release: November 24, 2020)

    The FCC's Consumer and Governmental Affairs Bureau will host a webinar on Virtual Volunteerism: leveraging broadband to match individual volunteers with nonprofit organizations and provide services. The free webinar will begin Dec. 2 at 1 p.m. ET.


    Editor's note: The FCC Public Notice detailing the webinar may be viewed at https://docs.fcc.gov/public/attachme...C-368347A1.pdf or press HERE





    11-27-2020, 10:36 AM
  • Staff Reporter 1
    Minutes of the Federal Open Market Committee, November 4-5, 2020
    by Staff Reporter 1
    Minutes of the Federal Open Market Committee, November 4-5, 2020 | site |



    (Information contained in Board of Governors of the Federal Reserve System press release: November 25, 2020)

    The Federal Reserve Board and the Federal Open Market Committee on Wednesday released the attached minutes of the Committee meeting held on November 4-5, 2020.

    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/moneta...ccalendars.htm


    Minutes of the Federal Open Market Committee
    November 4-5, 2020: HT
    ...
    11-26-2020, 03:56 AM
  • Staff Reporter 1
    Federal Railroad Administration Publishes Railroads’ Third Quarter 2020 Positive Train Control Implementation Status Updates
    by Staff Reporter 1
    Federal Railroad Administration Publishes Railroads’ Third Quarter 2020 Positive Train Control Implementation Status Updates | site |


    PTC systems governing operations on 99.6% of all 57,537 PTC-mandated route miles


    (Information contained in Federal Railroad Administration [FRA] press release: November 18, 2020) WASHINGTON - The U.S. Department of Transportation’s Federal Railroad Administration (FRA) today released a quarterly status update on railroads’ self-reported progress, as of September 30, 2020, toward fully implementing positive train control (PTC) systems by December 31, 2020, as required by Congress. All railroads subject to the statutory mandate are currently operating PTC systems in revenue service or in advanced field testing, known as revenue service demonstration (RSD). As of September 30, PTC technology remains to be activated on approximately 223 required route miles, based on railroads’ Third Quarter 2020 PTC Progres...
    11-24-2020, 11:06 AM
  • Staff Reporter 1
    Federal Reserve announces College Fed Challenge winners
    by Staff Reporter 1
    Federal Reserve announces College Fed Challenge winners | site |


    (Information contained in Board of Governors of the Federal Reserve System press release: November 20, 2020) Dartmouth College won the 17th annual national College Fed Challenge on Friday, a competition that encourages students to learn about the U.S. economy, monetary policymaking, and the role of the Federal Reserve System. The team, from Hanover, New Hampshire, represented the Boston Federal Reserve District and included Ayan Agarwal, Utsav Jalen, Kira Koehler, Tench Coxe, and Zach Olson. The team's advisers were Elisabeth Curtis and C. Frank Zarnowski. The College Fed Challenge was held virtually in 2020. Eighty five schools from across the nation submitted video presentations or participated in local virtual competitions starting on October 9, 2020. Eighteen semi-finalist teams participated in question-and-answer sessions held during the week of November 9, and six finalists were selected and their...
    11-21-2020, 05:41 AM
  • Staff Reporter 1
    FinCEN and Federal Banking Agencies Clarify BSA Due Diligence Expectations for Charities and Non-Profit Customers
    by Staff Reporter 1
    FinCEN and Federal Banking Agencies Clarify BSA Due Diligence Expectations for Charities and Non-Profit Customers| site |


    (Information contained in U.S. Department of the Treasury press release: November 19, 2020)

    WASHINGTON—In coordination with the Federal Banking Agencies, the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) today issued a joint fact sheet to provide clarity to banks on how to apply a risk-based approach to charities and other non-profit organizations (NPOs). The joint fact sheet highlights the importance of ensuring that legitimate charities have access to financial services and can transmit funds through legitimate and transparent channels, especially during the current COVID-19 pandemic. Also, the joint fact sheet reminds banks to apply a risk-based approach to customer due diligence (CDD) requirements when developing the risk profiles of charities and other non-profit customers. The fact sheet reaff
    ...
    11-21-2020, 04:42 AM

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