Tuesday - March 28, 2017
Federal Independent Agencies

News releases, reports, statements and associated documents from federal independent agencies.

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Texas Manufacturing Activity Continues to Strengthen in March, Says Dallas Fed Survey
DALLAS, March 27 -- The Federal Reserve Bank of Dallas issued the following news release:

Texas factory activity increased for the ninth consecutive month in March, according to the Federal Reserve Bank of Dallas' Texas Manufacturing Outlook Survey.

The production index--a key measure of state manufacturing conditions--rose two points to 18.6, suggesting output growth picked up pace this month.

Positive readings in the survey generally indicate expansion of factory activity, while readings below zero generally indicate contraction.

Other measures of current manufacturing activity also ... Show Full Article

RED - Producers to Markets Alliance Objective
WASHINGTON, March 27 -- The U.S. Agency for International Development issued the following fact sheet:

While Colombia's conflict-affected territories are home to resilient communities and entrepreneurial human capital, they have also long been plagued by illegal economies, violence and underdevelopment. Precarious institutions and decades-long armed conflict have given rise to narco-trafficking, illegal mining, trafficking in persons and arms, all which threaten stability, security and the country's transition to peace. For this reason, USAID's Producers to Market Alliance (PMA) seeks to strengthen ... Show Full Article

Philadelphia Fed Appoints New Member to Community Bank Advisory Council
PHILADELPHIA, March 27 -- The Federal Reserve Bank of Philadelphia issued the following news release:

The Federal Reserve Bank of Philadelphia today announced the appointment of Amey R. Sgrignoli, president and CEO of Belco Community Credit Union, to its Community Depository Institutions Advisory Council (CDIAC). Sgrignoli will serve a three-year term beginning in March 2017.

The CDIAC is a 12-member council composed of representatives from commercial banks, thrift institutions, and credit unions. The council convenes twice a year with officials from the Federal Reserve Bank of Philadelphia ... Show Full Article

One Month Left to Apply for SBA Disaster Loans
SACRAMENTO, Calif., March 27 -- The Small Business Administration's Office of Disaster Assistance issued the following news release:

District Director Carlos G. Mendoza of the U.S. Small Business Administration's Fresno District Office today reminded California small businesses of the April 26, 2017, deadline to apply for an SBA federal disaster loan for economic injury caused by the Erskine Fire in Kern County that occurred June 23 - July 6, 2016.

According to Mendoza, small nonfarm businesses, small agricultural cooperatives, small businesses engaged in aquaculture and most private nonprofit ... Show Full Article

NASA Selects Mission to Study Churning Chaos in Milky Way and Beyond
PASADENA, Calif., March 27 -- NASA's Jet Propulsion Laboratory issued the following news:

NASA has selected a science mission that will measure emissions from the interstellar medium, which is the cosmic material found between stars. This data will help scientists determine the life cycle of interstellar gas in our Milky Way galaxy, witness the formation and destruction of star-forming clouds, and understand the dynamics and gas flow in the vicinity of the center of our galaxy.

The Galactic/Extragalactic ULDB Spectroscopic Terahertz Observatory (GUSTO) mission, led by principal investigator ... Show Full Article

Lenders' Economic Optimism Reaches Survey High As Profit Outlook Remains Subdued
WASHINGTON, March 27 -- Fannie Mae issued the following corporate news release:

Mortgage lender expectations for the economy and home prices reached survey highs amid challenges to profit margins from competition and a shift toward purchase mortgages, according to Fannie Mae's first quarter 2017 Mortgage Lender Sentiment Survey(R). Lenders from institutions of all sizes are optimistic about the direction of the economy, with the share of lenders who think that the economy is on the right track reaching the highest level since the survey's inception in the first quarter of 2014. However, demand ... Show Full Article

IMF Executive Board Concludes 2017 Article IV Consultation with the Dominican Republic
WASHINGTON, March 27 -- The International Monetary Fund issued the following news release:

On March 24, 2017, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation (1) with the Dominican Republic.

The Dominican economy maintained the strong growth momentum of the past three years, which is only now beginning to taper off towards potential. Growth averaged 7 percent since 2014, outperforming most emerging markets and all the economies in the Americas, buoyed by domestic demand. Real GDP expanded by 6.6 percent in 2016, with both consumption and ... Show Full Article