FDIC: Annual Report Issued on Efforts to Preserve and Promote Minority Depository Institutions
The Federal Deposit Insurance Corporation (FDIC) today released a report submitted to Congress that chronicles the efforts the agency made to preserve and promote Minority Depository Institutions (MDIs) in 2019. This report provides a summary profile of MDIs as of the end of 2019; a description of the FDIC’s MDI program; and detailed information on…
HUD and Census Bureau: Findings of Rental Housing Finance Survey Released
Survey Finds Nearly Half of Rental Units are in Rental Properties with Four or Fewer Units Of the 48.2 million rental housing units, nearly 49 percent are located in rental properties of one to four units, according to the latest Rental Housing Finance Survey (RHFS) data released today by the U.S. Department of Housing and Urban Development…
FDIC: Annual Summary of Deposit Survey Begins
Summary: The Summary of Deposits (SOD) is the annual survey of branch office deposits as of June 30 for all FDIC-insured institutions, including insured U.S. branches of foreign banks. All institutions with branch offices are required to submit the survey; institutions with only a main office are exempt. All survey responses are required by July…
Census Bureau: New Report on Veterans Released
A new report released today by the U.S. Census Bureau shows that while the overall population of veterans is declining, the number of female veterans is on the rise and Post 9-11 veterans have the highest rate of service-connected disability compared to any other group of veterans. The report, Those Who Served: America’s Veterans From World…
Agencies Issue Host State Loan-to-Deposit Ratios
The Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, and the Office of the Comptroller of the Currency today issued the host state loan-to-deposit ratios that they will use to determine compliance with section 109 of the Riegle-Neal Interstate Banking and Branching Efficiency Act of 1994. These ratios replace the…
Census Bureau: 2019 Characteristics of New Housing Report Released
The U.S. Census Bureau released today the 2019 Characteristics of New Housing Report, which provides annual statistics on the characteristics of new privately owned residential structures by census region. The report includes characteristics such as the number of bedrooms and bathrooms, the location of laundry facilities, the presence of a homeowner’s association, the buyer’s source of…
FHFA: Report on Non-Performing Loan Sales Released
The Federal Housing Finance Agency (FHFA) today released the latest report on the sale of non-performing loans (NPLs) by Fannie Mae and Freddie Mac (the Enterprises). The Enterprise Non-Performing Loan Sales Report includes information about NPLs sold through December 31, 2019 and reflects borrower outcomes on NPLs sold through June 30, 2019 and reported through December 31,…
ABA: Bank Economists See Recovery from Deep Recession Beginning in Third Quarter 2020
The U.S. economy will experience about a 6% contraction this year, but will begin to recover from a severe second-quarter downturn in the third quarter, according to the latest forecast of the American Bankers Association’s Economic Advisory Committee. While the group, made up of 16 chief economists from some of the North America’s largest banks,…
Census Bureau: Over 60 Percent of U.S. Households Have Responded to 2020 Census
Internet Response Option Preferred by Majority of Households Responses to the 2020 Census are on track as more than 60% of U.S. households have responded to the 2020 Census, with approximately four out of every five households that responded on their own choosing to do so online at 2020census.gov. Current internet self-response rates are 9.2 percentage…
CFPB: New Study Highlights Challenges Retirees Face to Meet Expenses in Early Years of Retirement
The Consumer Financial Protection Bureau (Bureau) today released a first of its kind study examining the financial resources and expenses of retirees during the first five years of retirement among Americans who retired between 1992 and 2014. Given that a growing number of retirees are not experiencing the expected gradual reduction in spending after they…