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Interest Rates- US: H15 -1.18 2012-05-14 FRB Market yield on U.S. Treasury securities at 5-year constant maturity, quoted on investment basis, inflation-indexed
- US: H15 0.16 2012-05-14 FRB Federal funds effective rate
- US: H15 0.14 2012-05-14 FRB 30-Day AA Nonfinancial Commercial Paper Interest Rate
- US: H15 0.73 2012-05-14 FRB Rate paid by fixed-rate payer on an interest rate swap with maturity of three year.
- US: H15 0.17 2012-05-14 FRB 60-Day AA Nonfinancial Commercial Paper Interest Rate
- Trade (FTC)
- Skechers Will Pay $40 Million to Settle FTC Charges That It Deceived Consumers with Ads for "Toning Shoes"Consumers Who Bought Shape-ups, Other Toning Shoes Will Be Eligible for Refunds […]
- Skechers Will Pay $40 Million to Settle FTC Charges That It Deceived Consumers with Ads for "Toning Shoes"
- Commerce News
- Testimony of Assistant Secretary Strickling on “Broadband Loans and Grants”Topics/Subtopics: Broadband Technology Opportunities Program State Broadband Initiative Grants May 16, 2012 Testimony of The Honorable Lawrence E. Strickling Assistant Secretary for Communications and Information National Telecommunications and Information Administration United States Department of Commerce Before the Committee on Energy and Commerce Subcom […]
- Testimony of Assistant Secretary Strickling on “Broadband Loans and Grants”
- Small Business News
- Letter dated 5/01/2012 - American Conference of the United StatesLanding page summary: The Small Business Administration Office of Advocacy (Advocacy) would like to offer comments on the Administrative Conference of the United States (ACUS) Review of Regulatory Analysis Requirements and the April 24 draft Recommendations. We believe that this project presents an opportunity to make a stronger statement about the role of […]
- Letter dated 5/01/2012 - American Conference of the United States
- Monetary Policy
- Cost Estimates
- H.R. 4203, Women’s Procurement Program Improvement Act of 2012As ordered reported by the House Committee on Small Business on March 21, 2012 read more […]
- H.R. 460, Bonneville Unit Clean Hydropower Facilitation ActAs ordered reported by the House Committee on Natural Resources on April 25, 2012 read more […]
- H.R. 1272, Minnesota Chippewa Tribe Judgment Fund Distribution Act of 2012As ordered reported by the House Committee on Natural Resources on April 25, 2012 read more […]
- H.R. 4203, Women’s Procurement Program Improvement Act of 2012
- Banking
- OCC Deputy Chief Counsel Testifies on Agency Enforcement PowersDeputy Chief Counsel Daniel P. Stipano today testified before the Committee on Financial Services of the U.S. House of Representatives regarding enforcement authority at the Office of the Comptroller of the Currency. […]
- OCC Deputy Chief Counsel Testifies on Agency Enforcement Powers
Federal Credit Union Closes
NCUA made the decision to close Convent Federal Credit Union and discontinue its operation after determining the credit union is insolvent and has no prospects for restoring viable operations. At the time of the liquidation, the $173,000 credit union, chartered in 1960, served 213 members of the Convent Avenue Baptist Church in New York City. This is the 8th federally insured credit union liquidation in 2010.
NCUA’s Asset Management and Assistance Center will issue checks to individuals holding verified share accounts in Convent Federal Credit Union within one week.
Member accounts are insured up to $250,000, with coverage provided by the National Credit Union Share Insurance Fund, a federal fund backed by the full faith and credit of the U.S. Government. Members with questions about their insurance coverage can contact NCUA’s Share Insurance Call center at 1-800-755-1030, Press 1, Monday through Friday during normal business hours.
The National Credit Union Administration is the independent federal agency that regulates charters and supervises federal credit unions. NCUA, with the backing of the full faith and credit of the U.S. government, also operates and manages the National Credit Union Share Insurance Fund, insuring the deposits of nearly 90 million account holders in all federal credit unions and the majority of state-chartered credit unions