It’ll be interesting to track what happens the remainder of the year because COVID-19 may put a damper on the usual thought that … Powell Says Federal Reserve Is Considering Proprietary Cryptocurrency The Fed chief says it is weighing the many aspects of creating a central-bank digital currency. Agencies announce threshold for smaller loan exemption from appraisal requirements for higher-priced mortgage loans, Agencies announce dollar thresholds in Regulations Z and M for exempt consumer credit and lease transactions, Federal Reserve Board issues enforcement action with Farmers Bank & Trust Company, Federal Reserve Board approves fee schedule for Federal Reserve Bank priced services, Federal Reserve publishes latest version of its supervision and regulation report, Agencies release paper on operational resilience, Federal Reserve Board adjusts terms of Main Street Lending Program to better target support to smaller businesses that employ millions of workers and are facing continued revenue shortfalls due to the pandemic, Federal Reserve Board publishes detailed noncash payments data from the 2019 Federal Reserve Payments Study, Agencies propose regulation on the role of supervisory guidance, Agencies invite comment on proposed rule under Bank Secrecy Act, Federal Reserve Board announces approval of application by Bangor Bancorp, MHC, Federal Reserve Board fines the Goldman Sachs Group, Inc. $154 million for failure to maintain appropriate oversight, internal controls, and risk management with respect to 1Malaysia Development Berhad (1MDB). But with a little luck and plenty of Federal Reserve liquidity, 2021 may see better days, if not higher interest rates. “The Twelve Federal Reserve Districts.” Accessed Sept. 24, 2020. In July 2020, with more than 10 million people unemployed, this figure had fallen to 30% of Americans. The market is betting that the Federal Reserve could ramp up its bond purchases soon and believes … "The Structure and Functions of the Federal Reserve System." By Diane Wolfe Recently, the Federal Reserve announced they were reducing the reserve requirement ratio to zero percent across all deposit tiers, effective March 26, 2020. Federal Reserve Board announces approval of application by Bern Bancshares, Inc. Federal Reserve Board announces termination of enforcement action with Community Trust Bank, Federal Reserve Board announces annual indexing of reserve requirement exemption amount and of low reserve tranche for 2021, Federal Reserve Board announces results from second round of bank stress tests will be released Friday, December 18, at 4:30 p.m. EST, Federal Reserve Board announces members of its Insurance Policy Advisory Committee, Minutes of the Board's discount rate meeting from October 5 through November 5, 2020, Federal Reserve Board releases results of survey of senior financial officers at banks about their strategies and practices for managing reserve balances, Federal Reserve Board announces extension through March 31, 2021, for several of its lending facilities that were generally scheduled to expire on or around December 31, Agencies issue statement on LIBOR transition, Federal Reserve Board welcomes and supports release of proposal and supervisory statements that would enable clear end date for U.S. Dollar (USD) LIBOR and would promote the safety and soundness of the financial system, Minutes of the Federal Open Market Committee, November 4-5, 2020. The Federal Reserve Board’s Survey of Consumer Finances for 2019 provides insights into the evolution of family income and net worth since the previous time the survey was conducted in 2016. The Federal Reserve will suspend the holiday currency ordering periods in 2020 as a proactive measure to reduce the operational strain on Reserve Bank cash employees during the winter holiday season in these unprecedented times. The Federal Reserve slashed interest rates by half a percentage point on Tuesday, a bold attempt to give the US economy a jolt in the face of concerns about the coronavirus outbreak. 11/30/2020 Federal Reserve Board welcomes and supports release of proposal and supervisory statements that would enable clear end date for U.S. Dollar (USD) LIBOR and would promote the safety and soundness of the financial system Banking and Consumer Regulatory Policy 11/25/2020 Branches and Agencies of Foreign Banks, Charge-Off and Delinquency Rates on Loans and Leases at Commercial Banks, Senior Loan Officer Opinion Survey on Bank Lending Practices, Structure and Share Data for the U.S. Offices of Foreign Banks, New Security Issues, State and Local Governments, Senior Credit Officer Opinion Survey on Dealer Financing Terms, Statistics Reported by Banks and Other Financial Firms in the United States, Structure and Share Data for U.S. Offices of Foreign Banks, Financial Accounts of the United States - Z.1, Household Debt Service and Financial Obligations Ratios, Survey of Household Economics and Decisionmaking, Industrial Production and Capacity Utilization - G.17, Factors Affecting Reserve Balances - H.4.1, Federal Reserve Community Development Resources, Changes in U.S. Family Finances from 2016 to 2019: Evidence from the Survey of Consumer Finances, Changes in U.S. Family Finances from 2016 to 2019: Evidence from the Survey of Consumer Finances (PDF), Federal Reserve's Work Related to Economic Disparities. Federal Reserve Board announces termination of enforcement action with Florida First City Banks, Inc. Branches and Agencies of Foreign Banks, Charge-Off and Delinquency Rates on Loans and Leases at Commercial Banks, Senior Loan Officer Opinion Survey on Bank Lending Practices, Structure and Share Data for the U.S. Offices of Foreign Banks, New Security Issues, State and Local Governments, Senior Credit Officer Opinion Survey on Dealer Financing Terms, Statistics Reported by Banks and Other Financial Firms in the United States, Structure and Share Data for U.S. Offices of Foreign Banks, Financial Accounts of the United States - Z.1, Household Debt Service and Financial Obligations Ratios, Survey of Household Economics and Decisionmaking, Industrial Production and Capacity Utilization - G.17, Factors Affecting Reserve Balances - H.4.1, Federal Reserve Community Development Resources, Federal Reserve's Work Related to Economic Disparities. COVID-19’s impact is far reaching. The Federal Reserve cut its key interest rate to near zero — a dramatic move not seen since the depths of the 2008 financial crisis. The Federal Reserve has a hefty 2020 ‘to do’ list The Fed is widely expected to keep rates unchanged Wednesday, but a lot of issues remain for the rest of the year. Federal Reserve Board announces approval of the application by Apex Bancorp, Inc. Federal Reserve Board announces the extensions of its temporary U.S. dollar liquidity swap lines and the temporary repurchase agreement facility for foreign and international monetary authorities (FIMA repo facility) through March 31, 2021, Federal Reserve Board announces an extension through December 31 of its lending facilities that were scheduled to expire on or around September 30, Federal Reserve Board finalizes rule that implements technical, clarifying updates to Freedom of Information Act (FOIA) procedures and changes to rules for the disclosure of confidential supervisory information (CSI), Federal Reserve Board announces expansion of counterparties in the Term Asset-Backed Securities Loan Facility, Secondary Market Corporate Credit Facility, and Commercial Paper Funding Facility, Federal Reserve Board to maintain the current schedule of prices for most payment services that the Federal Reserve Banks provide to depository institutions in 2021, Federal Reserve Board modifies Main Street Lending Program to provide greater access to credit for nonprofit organizations such as educational institutions, hospitals, and social service organizations, Federal Reserve Board announces extension of rule change to bolster effectiveness of the Small Business Administration's Paycheck Protection Program, National College Fed Challenge to be held in a virtual format in 2020. Federal Reserve Board announces termination of enforcement action with Allied First Bancorp, Inc. Federal Reserve Board releases corrected stress test results stemming from an error in projected trading losses and as a result, revised the capital requirements for two banks, Statement by Federal Reserve Board Chair Jerome H. Powell on the passing of Thomas Laubach, director of the Division of Monetary Affairs, Federal and state financial regulatory agencies issue interagency statement on supervisory practices regarding financial institutions affected by Hurricane Laura and California Wildfires, Agencies extend comment period on proposed revisions to interagency questions and answers regarding flood insurance, Federal Open Market Committee announces approval of updates to its Statement on Longer-Run Goals and Monetary Policy Strategy. Liquidity, 2021 May see better days, if not higher interest rates target rate '' when wants! 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