Total household debt increased by $116 billion to reach $12.96 trillion in the third quarter of 2017, according to the latest Quarterly Report on Household Debt and Credit released today by the New York Fed’s Center for Microeconomic Data.
Read More
The Federal Reserve’s U.S. Economy in a Snapshot shows increases in consumer spending along with continued positive signals from the housing market.
Read More
The Federal Reserve Bank of New York recently released its Markets Data Dashboard which consolidates into one place much of the financial data maintained and made available. The dashboard provides important benchmarks as well as links to other data.
Read More
Analysis of loan data indicates weakness in your institution’s lending activity in low-to-moderate income (LMI) and minority-majority geographies – now what?
Read More
The Federal Financial Institutions Examination Council (FFIEC) issued HMDA Examiner Transaction Testing Guidelines (the Guidelines) establishing procedures for examination staff to use when validating HMDA data, but those guidelines did not establish designated key data fields. Various agencies have now addressed this issue.
Read More
With deadlines for implementation of the new Current Expected Credit Loss (CECL) standards fast approaching, financial institutions are in need of data and methods to address the need for more robust and quantitative approaches to credit quality these new rules will require.
Read More
The agencies have issued a FAQ regarding the applicability of the liquidity coverage ratio (LCR) rule (12 CFR Part 329) in specific situations.
Read More
Most community banks have some type of program or programs in which they attempt to cater to the more affluent market. Since the number of people fitting this category is somewhat limited, many banks have instituted or are attempting to institute efforts to gain market share among this segment of potential bank customers.
Read More
Economic growth post-recession for this cycle has been very low with an average of about 2% annually. Since roughly 2/3 of GDP is comprised of consumer expenditures, the level of consumer spending is obviously very important when gauging economic conditions. An important indicator of this is consumer confidence, which in turn influences household spending behavior.
Read More
The New York Fed latest Survey of Consumer Expectations suggests that consumer confidence is weakening with respect to the national economy.
Read More