Wednesday - February 19, 2020
Federal Independent Agencies

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

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TVA Releases Updated Natural Resource Plan
KNOXVILLE, Tennessee, Feb. 19 -- The Tennessee Valley Authority issued the following news release:

The Tennessee Valley Authority released its updated Natural Resource Plan and associated final Supplemental Environmental Impact Statement on Friday, Feb. 14, 2020. The Natural Resource Plan guides how TVA manages public lands and waters in its seven-state service area and the Tennessee River watershed.

TVA hosted public meetings in 2018 and 2019 during the planning process to solicit input from the public and valued stakeholders. Public engagement also included webinars and social media.

The ... Show Full Article

Jet Propulsion Laboratory: Findings From NASA's Juno Update Jupiter Water Mystery
PASADENA, California, Feb. 19 -- NASA's Jet Propulsion Laboratory issued the following news:

The mission publishes its first stream of data on the amount of water in Jupiter's atmosphere - the first findings on the gas giant's water since the agency's 1995 Galileo mission.

NASA's Juno mission has provided its first science results on the amount of water in Jupiter's atmosphere. Published recently in the journal Nature Astronomy, the Juno results estimate that at the equator, water makes up about 0.25% of the molecules in Jupiter's atmosphere - almost three times that of the Sun. These are also ... Show Full Article

Federal Reserve Bank of New York: Year-Ahead Household Spending Expectations Decline in December 2019 SCE Household Spending Survey
NEW YORK, Feb. 19 -- The Federal Reserve Bank of New York issued the following news release:

The Federal Reserve Bank of New York's Center for Microeconomic Data released the December 2019 Survey of Consumer Expectations (SCE) Household Spending Survey, which provides information on individuals' experiences and expectations regarding household spending. The survey shows the highest reading for monthly household spending growth compared to a year ago since April 2015. The share of respondents who reported making at least one large purchase in the last four months also reached a new series high. ... Show Full Article

Faulty Ignition Switches, Maintaining Flight Control During Engine-Out Operations, Subjects of Aviation Safety Alerts
WASHINGTON, Feb. 19 -- The National Transportation Safety Board issued the following news release:

The National Transportation Safety Board issued two Safety Alerts Tuesday; one alerting pilots and mechanics to an easily overlooked fault with ignition switches and one reminding pilots of multiengine planes how critical it is to properly manage engine failures at low altitudes.

NTSB Safety Alerts are brief information sheets that pinpoint particular safety hazards and offer practical remedies to address them.

Safety Alert 080 "Stay in the Groove: Check Ignition Switch/Key Integrity (https://go.usa.gov/xdQ2R)" ... Show Full Article

Farmer Mac to Announce Fourth Quarter and Full Year 2019 Financial Results
WASHINGTON, Feb. 19 -- Farmer Mac issued the following news release:

The Federal Agricultural Mortgage Corporation (Farmer Mac; NYSE: AGM and AGM.A), the nation's secondary market provider that increases the availability and affordability of credit for the benefit of rural America, today announced that it will release its financial results for the fiscal quarter and year ended December 31, 2019, on Tuesday, February 25, 2020, after the closing of equity markets. A conference call to discuss the results will be held that day at 5:00 p.m. eastern time.

The conference call can be accessed by telephone ... Show Full Article

Fannie Mae and Freddie Mac Publish Joint Enterprise Credit Score Solicitation
WASHINGTON, Feb. 19 -- Federal Housing Finance Agency issued the following news release:

The Federal Housing Finance Agency (FHFA) announced that Fannie Mae and Freddie Mac (the Enterprises) have published a Joint Credit Score Solicitation.

"The publication of the solicitation is the first step in the process of evaluating new credit score models," said FHFA Director Mark Calabria. "FHFA will ensure that the Enterprises validate and approve credit score models in a timely and prudent manner, so that Americans continue to have a safe and sound path to sustainable homeownership."

The Credit Score ... Show Full Article

Dallas Fed Names Richard J. Mase Jr. Senior Vice President
DALLAS, Texas, Feb. 19 -- The Federal Reserve Bank of Dallas issued the following news release:

The Federal Reserve Bank of Dallas has promoted Richard J. Mase Jr. to senior vice president responsible for Eleventh Federal Reserve District cash operations.

He will also serve as the Dallas Fed's representative on the Federal Reserve System's Cash Advisory Group.

Mase joined the Dallas Fed in 1986. He has served in numerous roles across a variety of business lines at the Dallas Fed, including vice president, assistant vice president, cash operations officer and manager of cash services.

Mase holds ... Show Full Article