Banc of California, Inc. and PacWest Bancorp announced the Board of Governors of the Federal Reserve System granted its approval of the previously announced combination of Banc of California and PacWest and their respective bank subsidiaries, Banc of...
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October 20, 2023, 07:22 AM
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The April 2023 Senior Loan Officer Opinion Survey on Bank Lending Practices (SLOOS) addressed changes in the standards and terms on, and demand for, bank loans to businesses and households over the past three months, which generally correspond to the...
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May 10, 2023, 07:23 AM
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The Federal Reserve Board announced its approval for UBS Group AG, of Zürich, Switzerland, to acquire the U.S. subsidiaries of Credit Suisse Group AG, of Zürich, Switzerland.The application was submitted in connection with UBS Group AG's acquisition...
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April 17, 2023, 07:23 AM
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In the release of its Commercial Vehicle Dealer Digest, ACT Research reported slightly lowered forecasts due to the Fed’s continued action toward inflation, disproportionally impacting the freight economy.According to Kenny Vieth, ACT’s President and...
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November 01, 2022, 07:02 AM
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The national Citizens Business Conditions Index (CBCI) rose to 56.1 in the third quarter, regaining momentum after a drop in second quarter economic sentiment prompted by inflation concerns. This quarter’s score extends the index’s streak to eight...
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October 26, 2022, 07:15 AM
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According to ACT Research’s latest release of the North American Commercial Vehicle OUTLOOK, forecasts this month are slightly lower than September due to stubborn inflation and the Fed’s continued firm action toward bringing it down to their 2...
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October 14, 2022, 07:00 AM
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Allegiance Bancshares, Inc., the holding company of Allegiance Bank, and CBTX, Inc., the holding company of CommunityBank of Texas, N.A., jointly announced receipt of regulatory approval from the Board of Governors of the Federal Reserve System to...
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September 16, 2022, 07:12 AM
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The July 2022 Senior Loan Officer Opinion Survey on Bank Lending Practices addressed changes in the standards and terms on, and demand for, bank loans to businesses and households over the past three months, which generally correspond to the second...
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August 08, 2022, 07:15 AM
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M&T Bank Corporation announced receipt of regulatory approval from the Board of Governors of the Federal Reserve System to complete the previously announced acquisition of People's United Financial, Inc. The transaction has also received approval...
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March 07, 2022, 07:20 AM
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Old National Bancorp and First Midwest Bancorp, Inc. announced that their merger of equals transaction, announced on June 1, 2021, has received Federal Reserve approval. This follows approvals received last year from the Office of the Comptroller of...
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January 28, 2022, 07:15 AM
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First Citizens BancShares, Inc., the parent company of First-Citizens Bank & Trust Company, and CIT Group Inc. the parent company of CIT Bank, N.A., jointly announced that their previous proposal to merge the two companies has received approval from...
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December 20, 2021, 07:18 AM
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The October 2021 Senior Loan Officer Opinion Survey on Bank Lending Practices addressed changes in the standards and terms on, and demand for, bank loans to businesses and households over the past three months, which generally correspond to the third...
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November 11, 2021, 07:07 AM
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Cerebro Capital, a commercial loan platform, released its Q1 2021 survey on non-bank lending for middle-market commercial and industrial (C&I) loans. The results are paired with the Federal Reserve's 1Q21 survey of commercial banks to illustrate a...
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May 10, 2021, 07:10 AM
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The Federal Reserve Board announced an extension through December 31 of its lending facilities that were scheduled to expire on or around September 30. The three-month extension will facilitate planning by potential facility participants and provide...
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July 30, 2020, 07:15 AM
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Five Federal Reserve indexes of regional manufacturing all slumped in December, the first time they have fallen in unison since May 2016 and the latest evidence that a pillar of the U.S. economy has started to wobble heading into next year, Bloomberg...
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January 02, 2019, 07:00 AM
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The federal bank regulatory agencies approved a final rule modifying their regulatory capital rules and providing an option to phase in over a period of three years the day-one regulatory capital effects of the update to the accounting standard known...
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December 27, 2018, 07:15 AM
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Risk in the portfolio of large syndicated bank loans declined slightly but remains elevated, according to the Shared National Credit (SNC) Program Review released by the Federal Reserve Board (Federal Reserve), the Federal Deposit Insurance...
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August 04, 2017, 07:25 AM
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A significant proportion of U.S. non-bank financial institutions (NBFIs) would be adversely affected by an accelerated and higher-than-anticipated increase in U.S. interest rates, says Fitch Ratings. The impact on U.S. NBFIs of U.S. interest rates...
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April 12, 2017, 07:15 AM
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The 12 Federal Reserve Banks issued the 2016 Small Business Credit Survey: Report on Employer Firms, which examines the results of an annual survey of business conditions and the credit environment faced by small business owners who have full- or...
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April 12, 2017, 07:08 AM
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The Association of International Certified Professional Accountants (the Association), a new organization composed of the American Institute of CPAs (AICPA) and the Chartered Institute of Management Accountants (CIMA), has provided comments on three...
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January 23, 2017, 07:00 AM
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The Federal Deposit Insurance Corporation (FDIC) and the Federal Reserve Board on Tuesday announced that Bank of America, Bank of New York Mellon, JP Morgan Chase, and State Street adequately remediated deficiencies in their 2015 resolution plans....
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December 14, 2016, 07:18 AM
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The October 2016 Senior Loan Officer Opinion Survey on Bank Lending Practices (SLOOS) addressed changes in the standards and terms on, and demand for, bank loans to businesses and households over the past three months. This summary discusses the...
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November 14, 2016, 07:14 AM
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When the U.S. Federal Reserve took a deep breath and raised its key interest rate, which had been sitting for so long at near-zero, it was hailed as a sign that the economy had finally shaken off the shackles of the Great Recession, and the confident...
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November 07, 2016, 05:00 PM
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The Federal Reserve Board on Monday invited public comment on a proposed rule to modify its capital plan and stress testing rules for the 2017 cycle. Among other changes, the proposal would tailor the Federal Reserve's Comprehensive Capital Analysis...
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September 28, 2016, 07:09 AM
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The Federal Reserve issued the following press release on December 16, 2015:Information received since the Federal Open Market Committee met in October suggests that economic activity has been expanding at a moderate pace. Household spending and...
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December 17, 2015, 07:06 AM
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Now that the Fed has maintained its near-zero target rate, most U.S. banks will remain very attentive to their cost structures given the expectation of flat to lower asset yields going forward, says Fitch Ratings. Moreover, Fitch expects many highly...
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September 21, 2015, 07:04 AM
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Information received since the Federal Open Market Committee met in July suggests that economic activity is expanding at a moderate pace. Household spending and business fixed investment have been increasing moderately, and the housing sector has...
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September 18, 2015, 07:08 AM
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The Federal Reserve Board on Monday issued a final order that establishes enhanced prudential standards for General Electric Capital Corporation (GECC), a nonbank financial company designated by the Financial Stability Oversight Council (FSOC) for...
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July 21, 2015, 07:15 AM
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The Federal Reserve Board on Monday approved a final rule requiring the largest, most systemically important U.S. bank holding companies to further strengthen their capital positions. Under the rule, a firm that is identified as a global systemically...
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July 21, 2015, 07:06 AM
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Bloomberg reported the Federal Reserve said it plans to oversee GE Capital Corp. in a similar manner to the way it supervises large bank-holding companies. According to the Bloomberg report, the Fed asked for public comment today on its regulation of...
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November 26, 2014, 07:22 AM
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All twelve Federal Reserve Districts indicated that economic activity continued to expand since the previous report. The pace of economic growth was characterized as moderate in New York, Chicago, Minneapolis, Dallas, and San Francisco, while the...
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July 17, 2014, 06:50 AM
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According to a Federal Reserve press release, "Beginning in January, the Committee will add to its holdings of agency mortgage-backed securities at a pace of $35 billion per month rather than $40 billion per month, and will add to its holdings of...
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December 19, 2013, 07:00 AM
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The October 2013 Senior Loan Officer Opinion Survey on Bank Lending Practices addressed changes in the standards and terms on, and demand for, bank loans to businesses and households over the past three months. Domestic banks, on balance, reported...
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November 18, 2013, 06:53 AM
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“The National Association for Business Economics (NABE) panel forecasts a gradual acceleration in economic expansion, from a 2.3% rate of growth in inflation-adjusted gross domestic product in the third quarter of 2013 to 3.0% in the spring through...
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September 25, 2013, 07:01 AM
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The Federal Reserve Board issued a final rule establishing annual assessment fees for its supervision and regulation of large financial companies. For the 2012 assessment period, the first year for which assessment fees will be collected, the Board...
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August 19, 2013, 07:00 AM
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The July 2013 Senior Loan Officer Opinion Survey on Bank Lending Practices addressed changes in the standards and terms on, and demand for, bank loans to businesses and households over the past three months. The survey also contained special...
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August 09, 2013, 06:56 AM
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Reports from the twelve Federal Reserve Districts indicate that overall economic activity continued to increase at a modest to moderate pace since the previous survey. Manufacturing expanded in most Districts since the previous report, with many...
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July 18, 2013, 06:56 AM
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Information received since the Federal Open Market Committee met in May suggests that economic activity has been expanding at a moderate pace. Labor market conditions have shown further improvement in recent months, on balance, but the unemployment...
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June 20, 2013, 06:57 AM
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According to the April 2013 Senior Loan Officer Opinion Survey on Bank Lending Practices issued by The Federal Reserve Board, domestic banks, on balance, reported having eased their lending standards and having experienced stronger demand in several...
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May 07, 2013, 07:10 AM
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According to the Federal Reserve’s Beige Book, reports from the twelve Federal Reserve Districts suggest overall economic activity expanded at a moderate pace during the reporting period from late February to early April. Activity in the Cleveland...
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April 18, 2013, 06:06 AM
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A press release from the Federal Reserve says that to support a stronger economic recovery and to help ensure that inflation, over time, is at the rate most consistent with its dual mandate, the FOMC decided to continue purchasing additional agency...
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March 21, 2013, 07:04 AM
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According to Bloomberg, the Federal Reserve said 17 of the 18 largest U.S. banks could withstand a deep recession and maintain capital above a regulatory minimum.According to the report, only Ally Financial Inc., the auto lender majority-owned by U.S...
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March 08, 2013, 07:19 AM
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Reports from the twelve Federal Reserve Districts indicated that economic activity generally expanded at a modest to moderate pace since the previous Beige Book. Five Districts reported that economic growth was moderate in January and early February...
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March 07, 2013, 07:16 AM
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The January 2013 Senior Loan Officer Opinion Survey on Bank Lending Practices addressed changes in the supply of, and demand for, bank loans to businesses and households over the past three months. This summary is based on responses from 68 domestic...
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February 06, 2013, 07:20 AM
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Reports from the twelve Federal Reserve Districts indicated that economic activity has expanded since the previous Beige Book report, with all twelve Districts characterizing the pace of growth as either modest or moderate. Since the previous Beige...
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January 17, 2013, 07:05 AM
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The Federal Reserve Board has proposed rules to strengthen the oversight of U.S. operations of foreign banks. The proposal would require foreign banking organizations with a significant U.S. presence to create an intermediate holding company over...
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December 17, 2012, 07:00 AM
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The Federal Reserve's 2013 stress test scenarios for U.S. banks, which include a slowdown in Asia's developing economies on top of severe U.S. and euro zone recessions, are still as tough as last year, according to Fitch Ratings. However, we believe...
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November 19, 2012, 07:00 AM
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The October 2012 Senior Loan Officer Opinion Survey on Bank Lending Practices addressed changes in the supply of, and demand for, bank loans to businesses and households over the past three months. This summary is based on responses from 68 domestic...
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November 01, 2012, 08:06 AM
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Information received since the Federal Open Market Committee met in September suggests that economic activity has continued to expand at a moderate pace in recent months. Growth in employment has been slow, and the unemployment rate remains elevated...
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October 25, 2012, 07:37 AM
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According to the October 10, 2012 Beige Book Report, twelve Federal Reserve Districts indicated that economic activity generally expanded modestly since the last report.
Conditions in the manufacturing sector were mixed but, on balance, somewhat...
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October 11, 2012, 07:52 AM
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Bloomberg reported that GE Capital is in the final stage of a regulatory review to determine if it needs extra scrutiny because of the risk that its potential failure would pose to the U.S. economy, two people with direct knowledge of the matter said...
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October 08, 2012, 07:52 AM
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Bloomberg reported that American International Group Inc. (AIG) said a U.S. panel told the insurer it’s under consideration to be labeled a potential risk to the financial system, the first non-bank to report such notification in a process that could...
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October 03, 2012, 07:42 AM
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U.S. CFOs are growing more pessimistic about the American economy, with hiring and spending plans significantly weakening since last quarter. Finance chiefs say that their business spending plans are not sensitive to moderate changes in interest...
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September 12, 2012, 07:59 AM
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Reports from the twelve Federal Reserve Districts suggest economic activity continued to expand gradually in July and early August across most regions and sectors. Six Districts indicated the local economy continued to expand at a modest pace and...
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August 30, 2012, 07:18 AM
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Bloomberg reported Federal Reserve policy makers signaled readiness to boost record stimulus unless they are convinced the economy is poised to rebound. Recent signs of strength may not be enough to satisfy them.Many members of the policy-setting...
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August 23, 2012, 06:26 AM
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The July 2012 Senior Loan Officer Opinion Survey on Bank Lending Practices addressed changes in the supply of, and demand for, bank loans to businesses and households over the past three months. This summary is based on responses from 64 domestic...
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August 09, 2012, 07:38 AM
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Bloomberg reported that the Federal Reserve and Chairman Ben Bernanke may be taking another look at cutting the interest rate the Fed pays on bank reserves to bring down short-term borrowing costs and spur the slowing U.S. expansion. According to the...
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July 30, 2012, 07:00 AM
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Reports from most of the twelve Federal Reserve Districts indicated that overall economic activity continued to expand at a modest to moderate pace in June and early July. The Atlanta, St. Louis, and San Francisco Districts reported modest growth...
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July 19, 2012, 07:15 AM
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According to a press release issued by the Federal Reserve, the Committee expects economic growth to remain moderate over coming quarters and then to pick up very gradually. Consequently, the Committee anticipates that the unemployment rate will...
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June 21, 2012, 08:00 AM
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Reports from the twelve Federal Reserve Districts suggest overall economic activity expanded at a moderate pace during the reporting period from early April to late May. Activity in the New York, Cleveland, Atlanta, Chicago, Kansas City, Dallas, and...
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June 07, 2012, 08:00 AM
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The April 2012 Senior Loan Officer Opinion Survey on Bank Lending Practices addressed changes in the supply of, and demand for, bank loans to businesses and households over the past three months. This summary is based on responses from 58 domestic...
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May 07, 2012, 08:00 AM
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Bloomberg reported the largest U.S. banks, including JPMorgan Chase & Co. and Goldman Sachs Group Inc., told the Federal Reserve that a limit on their credit exposure is unnecessary and “fundamentally flawed.” According to the report, the Federal...
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April 30, 2012, 07:30 AM
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Reports from the twelve Federal Reserve Districts indicated that the economy continued to expand at a modest to moderate pace from mid-February through late March. Activity in the Boston, Atlanta, Chicago, Dallas, and San Francisco Districts grew at...
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April 12, 2012, 08:00 AM
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According to the Federal Reserve’s Beige Book report, overall economic activity continued to increase at a modest to moderate pace in January and early February. Activity expanded at a moderate pace in the Cleveland, Chicago, Kansas City, Dallas, and...
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March 01, 2012, 06:30 AM
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Bloomberg Businessweek reported the world’s largest banks have presented a list of changes to a proposed U.S. ban on proprietary trading, seeking to escalate the lobbying effort against the Volcker rule five months before it takes effect.According to...
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February 14, 2012, 07:30 AM
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