DTC Alert! Securities Processing Service Updates Computershare Fee Updates Effective 4/3/2023.
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Inflation Alert! Fed Governor Philip N. Jefferson: 'the idiosyncratic nature of the pandemic implies that economic models are going to have limited applicability. But current inflation dynamics are being driven by some pandemic-specific factors not seen'
Source: https://www.federalreserve.gov/newsevents/speech/files/jefferson20230224a.pdf
TLDRS: Today Fed Governor Philip N. Jefferson discussed the paper "Managing Disinflations" by Stephen G. Cecchetti, Michael E. Feroli, Peter Hooper, Frederic S. Mishkin, and Kermit L. Schoenholtz at the U.S. Monetary Policy Forum, New York, New
NSCC Alert! Implementation Date of Changes in the Calculation of the National Securities Clearing Corporationโs Excess Capital Premium Charge: NSCC is providing this notice to its Members to inform them of the implementation and effective date of March 13
Source: https://www.dtcc.com/-/media/Files/pdf/2023/2/24/a9264.pdf
Subject: Implementation Date of Changes in the Calculation of the National Securities Clearing Corporationโs Excess Capital Premium Charge
On the morning of the effective date, the ECP charge will be calculated using the proposed changes,
Fed, FDIC, OCC Alert! Agencies issue 2022 Shared National Credit Program review. Credit risk associated with leveraged lending remains high. Leveraged loans comprise half of total SNC commitments but represent a disproportionately high level of the total
Source: https://www.federalreserve.gov/newsevents/pressreleases/files/bcreg20230224a1.pdf
Press release: https://www.federalreserve.gov/newsevents/pressreleases/bcreg20230224a.htm
The federal bank regulatory agencies today reported in the 2022 Shared National Credit (SNC) report that credit quality associated with large syndicated bank loans improved in 2022, but noted the
SEC Alert! Special filing with Federal Register: SEC submits notice for another CLOSED door meeting via Sunshine Act for 2:00 p.m. on Thursday, March 2, 2023.
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Federal Reserve, FDIC, and Comptroller of the currency Alert! joint statement highlighting liquidity risks to banking organizations associated with certain sources of funding from crypto-asset-related entities
source: https://www.federalreserve.gov/newsevents/pressreleases/files/bcreg20230223a1.pdf
Federal bank regulatory agencies today issued a joint statement highlighting liquidity risks to banking organizations associated with certain sources of funding from crypto-asset-related entities and some effective practices to manage those risks.
Recent events in the crypto-asset sector have underscored
Federal Reserve Alert! Minutes of the Federal Open Market Committee, January 31โFebruary 1, 2023.
Source: https://www.federalreserve.gov/monetarypolicy/fomcminutes20230201.htm
Annual Organizational Matters3
The agenda for this meeting reported that advices of the election of the following members and alternate members of the Federal Open Market Committee for a term beginning January 31, 2023, were received and that these individuals executed their