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  • FDIC Survey Shows 95 Percent of U.S. Households Were Banked in 2019

    FDIC Survey Shows 95 Percent of U.S. Households Were Banked in 2019

    Federal Deposit Insurance Corporation SurveyShows 95 Percent of U.S. Households Were Banked in 2019 | site |



    New survey finds 5.4 percent of households were unbanked


    (October 19, 2020) - - Today, October 19, 2020, the Federal Deposit Insurance Corporation published the following information:

    WASHINGTON – A record 95 percent of U.S. households had a bank or credit union account in 2019, according to a new biennial survey and report released today by the Federal Deposit Insurance Corporation (FDIC). How America Banks: Household Use of Banking and Financial Services also found that a record low 5.4 percent of U.S. households were unbanked in 2019. Since 2009, the FDIC has measured the banked and unbanked populations in the U.S. and studied household use of banking and financial products and services, the most comprehensive analysis of its kind. “It is encouraging that a record number of households had bank accounts in 2019,
    ...
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  • Federal Reserve Board issues Report on the Economic Well-Being of U.S. Households

    Federal Reserve Board issues Report on the Economic Well-Being of U.S. Households | site |



    (September 18, 2020) - - Today, September 18, 2020, the Board of Governors of the Federal Reserve Board published the following information:

    Data collected to supplement the Federal Reserve Board's seventh annual Survey of Household Economics and Decisionmaking showed that U.S. families were faring better financially in July than in April, but many still faced uncertainty regarding layoffs and prospects for returning to work.

    Recognizing the unprecedented financial disruptions caused by the COVID-19 pandemic, the Federal Reserve conducted a pair of supplemental surveys to monitor changes in the financial well-being of Americans. The first of these surveys was conducted in April, at the onset of the pandemic and before most financial relief efforts were in place. The April results were described in the Report on the Economic Well-Being of U.S. Households
    ...
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  • Treasury and Federal Reserve Board Expand Measures to Enhance Liquidity and Flow of Credit to American Workers, Households, and Businesses

    Treasury and Federal Reserve Board Expand Measures to Enhance Liquidity and Flow of Credit to American Workers, Households, and Businesses | site |




    (March 23, 2020) - - Today (March 23, 2020), the U.S. Department of the Treasury published the following information:

    WASHINGTON – The spread of coronavirus has disrupted economic activity and put significant liquidity pressure on U.S. businesses. To immediately enhance liquidity and support American workers, households, and businesses through this challenging period, U.S. Treasury Secretary Steven T. Mnuchin today authorized the expansion of two recently launched facilities and the establishment of three new facilities to provide liquidity to the financial system pursuant to section 13(3) of the Federal Reserve Act.


    Expansion of the Money Market Mutual Fund Liquidity Facility (MMLF) and Commercial Paper Funding Facility (CPFF)

    Secretary Mnuchin today approved the expansion...
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  • Federal Reserve Board Announces Technical Change to Support the U.S. Economy

    Federal Reserve Board Announces Technical Change to Support the U.S. Economy

    Federal Reserve Board Announces Technical Change to Support the U.S. Economy and Allow Banks to Continue Lending to Creditworthy Households and Businesses | site |





    (March 23, 2020) - - Today, the Board of Governors of the Federal Reserve System published the following information:

    The Federal Reserve Board on Monday announced a technical change to support the U.S. economy and allow banks to continue lending to creditworthy households and businesses. The interim final rule will phase in gradually, as intended, the automatic restrictions associated with a firm's "total loss absorbing capacity," or TLAC, buffer requirements, if the levels decline. TLAC is an additional cushion of capital and long-term debt that could be used to recapitalize a bank if it is in distress. The change will facilitate the use of firms' buffers to promote lending activity to households and businesses. Over the past decade, U.S. banks of all sizes have built...
    See more | Go to post

  • 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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  • 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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  • Federal Banking Agencies provide Banks additional flexibility to Support Households and Businesses

    Federal Banking Agencies provide Banks additional flexibility to Support Households and Businesses| site |



    Board of Governors of the Federal Reserve System

    Federal Deposit Insurance Corporation

    Office of the Comptroller of the Currency



    (March 17, 2020) - - Today (March 17, 2020), the Board of Governors of the Federal Reserve System published the following information:

    The federal bank regulatory agencies today announced two actions to support the U.S. economy and allow banks to continue lending to households and businesses. They are:
    • A statement encouraging banks to use their resources to support households and businesses; and
    • A technical change to phase in, as intended, the automatic distribution restrictions gradually if a firm's capital levels decline.
    The statement notes that banks have more than doubled their capital and liquidity levels over the past decade and are now substantially safer and...
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  • Share of U.S. Households without a Bank Account Continues to Drop

    Share of U.S. Households without a Bank Account Continues to Drop

    Share of U.S. Households without a Bank Account Continues to Drop


    Unbanked Rate Declines to 6.5 Percent in 2017



    (October 23, 2018) - - For the third consecutive survey period, the number of U.S. households without a bank account fell, according to the results of the 2017 biennial National Survey of Unbanked and Underbanked Households released today by the Federal Deposit Insurance Corporation (FDIC). "The good news is that our nation's banking system is serving more American households than ever before. The bad news is that even as the overall number of people who are unbanked has declined, 8.4 million households continue to lack a banking relationship," said FDIC Chairman Jelena McWilliams. The percentage of U.S. households that were unbanked in 2017 the most recent year of the survey, was 6.5 percent, the lowest rate recorded since the FDIC began conducting the survey i...
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  • More Than 350 Households and Small Businesses in New York to Benefit from Sullivan County's 2.7 Megawatt Solar Array

    More Than 350 Households and Small Businesses in New York to Benefit from Sullivan County's 2.7 Megawatt Solar Array






    Project Supports Governor Cuomo's Mandate of 50 Percent of Electricity to Come from Renewable Energy by 2030


    March 14, 2018


    New York - - (March 13, 2018) - - Governor Andrew M. Cuomo today announced the completion of the state's largest community solar project which will result in reduced energy bills for more than 350 households and small businesses. The 2.7-megawatt solar array, located in Sullivan County, is critical to supporting Governor Cuomo's mandate for half of all electricity consumed to come from renewable energy sources by 2030. "An investment in renewable energy is an investment in the future and sustainability of New York's environment, and the overall health of this state," Governor Cuomo said.
    ...
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  • Staff Reporter 1
    FDIC Survey Shows 95 Percent of U.S. Households Were Banked in 2019
    by Staff Reporter 1
    Federal Deposit Insurance Corporation SurveyShows 95 Percent of U.S. Households Were Banked in 2019 | site |



    New survey finds 5.4 percent of households were unbanked


    (October 19, 2020) - - Today, October 19, 2020, the Federal Deposit Insurance Corporation published the following information:

    WASHINGTON – A record 95 percent of U.S. households had a bank or credit union account in 2019, according to a new biennial survey and report released today by the Federal Deposit Insurance Corporation (FDIC). How America Banks: Household Use of Banking and Financial Services also found that a record low 5.4 percent of U.S. households were unbanked in 2019. Since 2009, the FDIC has measured the banked and unbanked populations in the U.S. and studied household use of banking and financial products and services, the most comprehensive analysis of its kind. “It is encouraging that a record number of households had bank accounts in 2019,
    ...
    10-22-2020, 07:17 AM
  • Staff Reporter 1
    Federal Reserve Board issues Report on the Economic Well-Being of U.S. Households
    by Staff Reporter 1
    Federal Reserve Board issues Report on the Economic Well-Being of U.S. Households | site |



    (September 18, 2020) - - Today, September 18, 2020, the Board of Governors of the Federal Reserve Board published the following information:

    Data collected to supplement the Federal Reserve Board's seventh annual Survey of Household Economics and Decisionmaking showed that U.S. families were faring better financially in July than in April, but many still faced uncertainty regarding layoffs and prospects for returning to work.

    Recognizing the unprecedented financial disruptions caused by the COVID-19 pandemic, the Federal Reserve conducted a pair of supplemental surveys to monitor changes in the financial well-being of Americans. The first of these surveys was conducted in April, at the onset of the pandemic and before most financial relief efforts were in place. The April results were described in the Report on the Economic Well-Being of U.S. Households
    ...
    09-21-2020, 01:58 PM
  • Staff Reporter 1
    Treasury and Federal Reserve Board Expand Measures to Enhance Liquidity and Flow of Credit to American Workers, Households, and Businesses
    by Staff Reporter 1
    Treasury and Federal Reserve Board Expand Measures to Enhance Liquidity and Flow of Credit to American Workers, Households, and Businesses | site |




    (March 23, 2020) - - Today (March 23, 2020), the U.S. Department of the Treasury published the following information:

    WASHINGTON – The spread of coronavirus has disrupted economic activity and put significant liquidity pressure on U.S. businesses. To immediately enhance liquidity and support American workers, households, and businesses through this challenging period, U.S. Treasury Secretary Steven T. Mnuchin today authorized the expansion of two recently launched facilities and the establishment of three new facilities to provide liquidity to the financial system pursuant to section 13(3) of the Federal Reserve Act.


    Expansion of the Money Market Mutual Fund Liquidity Facility (MMLF) and Commercial Paper Funding Facility (CPFF)

    Secretary Mnuchin today approved the expansion...
    03-24-2020, 07:09 AM
  • Staff Reporter 1
    Federal Reserve Board Announces Technical Change to Support the U.S. Economy
    by Staff Reporter 1
    Federal Reserve Board Announces Technical Change to Support the U.S. Economy and Allow Banks to Continue Lending to Creditworthy Households and Businesses | site |





    (March 23, 2020) - - Today, the Board of Governors of the Federal Reserve System published the following information:

    The Federal Reserve Board on Monday announced a technical change to support the U.S. economy and allow banks to continue lending to creditworthy households and businesses. The interim final rule will phase in gradually, as intended, the automatic restrictions associated with a firm's "total loss absorbing capacity," or TLAC, buffer requirements, if the levels decline. TLAC is an additional cushion of capital and long-term debt that could be used to recapitalize a bank if it is in distress. The change will facilitate the use of firms' buffers to promote lending activity to households and businesses. Over the past decade, U.S. banks of all sizes have built...
    03-23-2020, 11:46 PM
  • Staff Reporter 1
    Federal Reserve Board Encouraged by Increase in Discount Window Borrowing to Support the Flow of Credit to Households and Businesses
    by Staff Reporter 1
    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
    ...
    03-23-2020, 10:57 AM

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