FDIC: Steps Announced to Protect Banks and Consumers and to Continue Operations
Given ongoing developments related to the coronavirus, the FDIC today announced the following steps to ensure the health and safety of its workforce and the continuity of its operations: Consistent with recent guidance from the Office of Management and Budget, and out of concern for the health of staff that would have been required to participate…
Federal Banking Agencies Encourage Banks to Use Federal Reserve Discount Window
The federal bank regulatory agencies today released a statement encouraging banks to use the Federal Reserve’s “discount window” so that they can continue supporting households and businesses. The discount window provides short-term loans to banks and plays an important role in supporting the liquidity and stability of the banking system. By providing ready access to…
Census Bureau: Statement on Modifying 2020 Census Operations to Make Sure College Students are Counted
Census Bureau also announces updates to special operations, assistance program and early nonresponse followup The U.S. Census Bureau continues to carefully monitor the coronavirus (COVID-19) situation and follow the guidance of federal, state and local health authorities. We are adjusting some operations as outlined below with two key principles in mind: protecting the health and safety of our staff and the public and fulfilling our statutory requirement to deliver…
Federal Reserve: Recent Actions Taken to Support the Flow of Credit to Households and Businesses
The Federal Reserve is carefully monitoring credit markets and is prepared to use its full range of tools to support the flow of credit to households and businesses and thereby promote its maximum employment and price stability goals. In addition to actions taken by the Federal Open Market Committee, including actions taken in coordination with other central…
FEMA: President Trump Approves Major Disaster Declaration for Mississippi
FEMA announced that federal disaster assistance has been made available to the state of Mississippi to supplement state and local recovery efforts in the areas affected by severe storms, tornadoes, straight-line winds, and flooding from Jan. 10-11, 2020. Federal funding is available to the state, eligible local governments and certain private nonprofit organizations on a…
FEMA: COVID-19 Emergency Declaration
On March 13, 2020, the President declared the ongoing Coronavirus Disease 2019 (COVID-19) pandemic of sufficient severity and magnitude to warrant an emergency declaration for all states, tribes, territories, and the District of Columbia pursuant to section 501 (b) of the Robert T. Stafford Disaster Relief and Emergency Assistance Act, 42 U.S.C. 5121-5207 (the “Stafford…
FEMA: President Trump Directs FEMA Support Under Emergency Declaration for COVID-19 Coronavirus
The federal government continues to take aggressive and proactive steps to address the COVID-19 threat as the health and safety of the American people remain a top priority. Today, President Trump declared a nationwide emergency pursuant to Sec. 501(b) of the Robert T. Stafford Disaster Relief and Emergency Assistance Act, 42 U.S.C. 5121-5207 (the “Stafford…
HUD: Over $118 Million Awarded to Local Homeless Programs
Funding will support service providers and non-profits across the Nation Today, the U.S. Department of Housing and Urban Development (HUD) Secretary Ben Carson announced over $118 million in grants to support local homeless assistance programs across the country. This round of HUD’s Continuum of Care grants will provide critically needed support to approximately 630 local programs on…
FEMA: Eight More Puerto Rico Municipalities Eligible for Individual Assistance
Eight more municipalities that were affected by the earthquakes that began in December in Puerto Rico have been designated as eligible for FEMA’s Individual Assistance program. At the request of the Government of Puerto Rico, FEMA extended eligibility for disaster assistance to Aguada, Añasco,Barceloneta, Coamo, Moca, Naranjito, Salinas and Santa Isabel. “I am very grateful to FEMA for accepting our request so…