Banking – Week of June 15 in Review

The past eight days included two developments that should be of immediate interest to banks: the Senate’s passage of the 21st Century Road to Housing Act, which includes community bank provisions, and a facially anodyne bulletin from the OCC about deficient applications. The latter could have a significant impact and change the ways that potential applicants prepare their applications. Oh, and the FOMC held its first meeting under Chairman Warsh. The FOMC held steady the target range for the federal funds rate. The FOMC statement and Warsh’s press conference opened questions over how the Federal Reserve and the FOMC may conduct their business going forward.

Read the full detailed report in the PDF linked below: