OCC: Report Shares Risks and Effects of COVID-19 Pandemic on Federal Banking System
The Office of the Comptroller of the Currency (OCC) today reported the key issues facing the federal banking system and the effects of the COVID-19 pandemic on the federal banking industry in its Semiannual Risk Perspective for Fall 2021. Banks are weathering the COVID-19 crisis with resilience and satisfactory credit quality and strong earnings, but weak…
OCC: Academic Papers and Research on Climate Risk in Banking and Finance Solicited
The Office of the Comptroller of the Currency (OCC) is soliciting academic-focused papers and policy-focused research on climate risk in banking and finance for presentation to the OCC on June 6-7, 2022. Information presented will inform the OCC’s approach to developing climate-related financial risk management guidance for regulated institutions. The June meeting will provide a…
Census Bureau: Small Business Pulse Survey Phase 7 Weekly Data Released
The U.S. Census Bureau today released new data from Phase 7 of the Small Business Pulse Survey (SBPS), which measures the effect of changing business conditions during the coronavirus pandemic, as well as other major events such as hurricanes on our nation’s small businesses. SBPS complements existing Census Bureau data by providing detailed, near real-time information on…
HUD: Additional $5.7 Million in American Rescue Plan Funds Made Available to Fight Housing Discrimination Related to the Coronavirus Pandemic
The U.S. Department of Housing and Urban Development (HUD) announced today that it is making an additional $5,757,663 in American Rescue Plan (ARP) funding available to help HUD Fair Housing Initiatives Program (FHIP) agencies combat housing discrimination related to the COVID-19 pandemic. Organizations that qualify for the funding, which is being awarded through FHIP’s Private…
EDA: $3 Million Invested to Support Supply Chain and Transportation Infrastructure in San Bernardino, CA
Today, U.S. Secretary of Commerce Gina M. Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $3 million grant to the Inland Valley Development Agency (IVDA), San Bernardino, California, to make improvements to supply chain and transportation infrastructure. The project will enhance access and circulation at the San Bernardino International Airport to…
EDA: $2.6 Million in CARES Act Recovery Assistance Invested to Establish a Medical Training Facility and Create Jobs in Keyser, WV
Today, U.S. Secretary of Commerce Gina M. Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $2.6 million CARES Act Recovery Assistance grant to Potomac Valley Hospital, Keyser, West Virginia, for the construction of a new 12,000-square foot medical training facility. The new facility will offer state-of-the art equipment, including broadband connectivity,…
EDA: $1.6 Million in CARES Act Recovery Assistance Invested to Expand a Workforce Training Facility in Roxbury, MA
Today, U.S. Secretary of Commerce Gina M. Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $1.6 million CARES Act Recovery Assistance grant to Morgan Memorial Goodwill Industries, Inc., Roxbury, Massachusetts, to expand a workforce training facility and strengthen the local economy. This project will make infrastructure upgrades needed to expand an…
Census Bureau: Household Pulse Survey Phase 3.3 Begins
The U.S. Census Bureau today announced the beginning of data collection for phase 3.3 of the experimental Household Pulse Survey (HPS). The HPS is now a monthly release as current changes in data no longer warrant a biweekly data collection, and we work to reduce respondent burden. This phase includes updated vaccination questions that expand response options…