Federal Agencies
Federal Reserve Board
Speech: Monetary Policy Analysis and the Development of Federal Reserve Policymaking
October 10, 2023
Federal Reserve Board Governor Christopher J. Waller gave a speech entitled, "Monetary Policy Analysis and the Development of Federal Reserve Policymaking," that was presented at "The Legacy of Bennett McCallum and Lessons for Monetary Policy Today," a conference sponsored by the Mercatus Center at George Mason University, Washington, D.C
Federal Reserve Bank of New York
Survey of Consumer Expectations: Inflation Expectations Mostly Steady; Households Slightly More Pessimistic About Credit Conditions
October 10, 2023
The Federal Reserve Bank of New York Center for Microeconomic Data released the September 2023 Survey of Consumer Expectations, which shows that inflation expectations increased slightly at the short- and medium-term horizons, while they decreased at the longer-term horizon.
Speech: Implementing Monetary Policy: What's Working and Where We're Headed
October 10, 2023
Federal Reserve Bank of New York Manager of the System Open Market Account Roberto Perli gave a speech at the National Association for Business Economics Annual Meeting entitled, "Implementing Monetary Policy: What's Working and Where We're Headed."
Federal Reserve Bank of Boston
Q&A: New Boston Fed research director discusses Fed return, challenges ahead
October 10, 2023
The Federal Reserve Bank of Boston published a Q&A with new Director of Research Egon Zakrajšek.
Conference of State Bank Supervisors
CBSI: Community Bankers' Economic Outlook Improves…Slightly
October 10, 2023
The Conference of State Bank Supervisors released the Community Banker Sentiment Index (CBSI) for Q3 2023 showing that community bankers have a slightly rosier economic outlook for the first time in a year.
Securities and Exchange Commission
SEC Adopts Amendments to Rules Governing Beneficial Ownership Reporting
October 10, 2023
The Securities and Exchange Commission adopted rule amendments governing beneficial ownership reporting under Sections 13(d) and 13(g) of the Securities Exchange Act of 1934.
Federal Housing Finance Agency
FHFA Announces Report on the Sale of Non-performing Loans by the Enterprises
October 10, 2023
The Federal Housing Finance Agency released the latest report on the sale of non-performing loans by Fannie Mae and Freddie Mac.
Freddie Mac
Perspective: Transforming our Educational Tools to Meet the Needs of More Consumers
Freddie Mac Vice President of Equitable Housing Pamela Perry published a perspective article entitled, "Transforming our Educational Tools to Meet the Needs of More Consumers."
International
European Banking Authority
EU/EEA banks: benefits from rising interest rates are stabilizing, the EBA says
October 10, 2023
The European Banking Authority published its Q2 2023 quarterly Risk Dashboard.
Bank of England
Financial Stability in Focus: The FPC's approach to assessing risks in market-based finance
October 10, 2023
The Bank of England Financial Policy Committee released its summary and record for October 2023 and published a report setting out the FPC's view on specific topics related to financial stability.
Systemic Risk Survey Results - 2023 H2
October 10, 2023
The Bank of England published the results of the Systemic Risk Survey for H2 2023.
Administration Changes
Vacancies
Office of the Comptroller of the Currency
- Comptroller – Vacant (Michael Hsu serves as Acting Comptroller)
Appointments/Confirmation Hearings
U.S. Department of the Treasury – Janet Yellen (effective January 26, 2021)
Federal Reserve Board – Jerome H. Powell (effective May 23, 2022)
- Vice Chair Phillip N Jefferson (sworn in September 13, 2023)
- Vice Chair for Supervision Michael Barr (sworn in July 19, 2022)
- Governor Michelle W. Bowman (sworn in November 26, 2018)
- Governor Christopher J. Waller (sworn in December 18, 2020)
- Governor Lisa D. Cook (sworn in September 13, 2022)
- Governor Adriana D. Kugler (sworn in September 13, 2023)
Federal Reserve Bank of New York – John C. Williams (effective June 18, 2018)
Federal Reserve Bank of Boston – Susan M. Collins (effective July 1, 2022)
Federal Deposit Insurance Corporation – Martin Gruenberg (effective January 5, 2023)
- Vice Chairman Travis Hill (sworn in January 5, 2023)
- Director Jonathan McKernan (sworn in January 5, 2023)
- Director Michael Hsu (Acting Comptroller of the Currency)
- Director Rohit Chopra (Director of Consumer Financial Protection Bureau)
Office of the Comptroller of the Currency – Michael Hsu (acting Comptroller, effective May 10, 2021)
Securities and Exchange Commission – Gary Gensler (effective April 17, 2021)
Commodity Futures Trading Commission – Rostin Behnam (effective December 17, 2021)
Consumer Financial Protection Bureau – Rohit Chopra (effective October 12, 2021)
National Credit Union Administration – Todd M. Harper (effective January 20, 2021)
Small Business Administration – Isabella Casillas Guzman (effective March 16, 2021)
U.S. Department of Housing and Urban Development – Marcia Fudge (effective March 10, 2021)
Federal Housing Finance Agency – Sandra L. Thompson (effective June 22, 2022)
U.S. Department of Education – Dr. Miguel Cardona (effective March 2, 2021)
Financial Crimes Enforcement Network – Andrea Gacki (effective July 13, 2023)
PH Client Alerts
Click here to read more from our Coronavirus series.
Legislation/Legislative Updates
Click here to view the full text of the Coronavirus Aid, Relief and Economic Security Act (the "CARES Act"), Enacted March 27, 2020.
Click here to view the full text of the Paycheck Protection Program Increase Act of 2020, Enacted April 24, 2020.
Click here to view the full text of the Paycheck Protection Program Flexibility Act of 2020, Enacted June 5, 2020.
Click here to view the full text of the Consolidated Appropriations Act, 2021, Enacted December 27, 2020.
Click here to view the full text of the American Rescue Plan of 2021, Enacted March 11, 2021.
Click here to view the full text of the PPP Extension Act of 2021, Enacted March 30, 2021.
Click here to view a running list of proposed legislation from the Senate Committee on Banking, Housing, and Urban Affairs, Senate Committee on Small Business and Entrepreneurship, House Committee on Financial Services, and House Committee on Small Business.
