Tuesday - January 16, 2018
Federal Independent Agencies

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

Featured Stories

SBA Economic Injury Disaster Loans Available to Arizona Small Businesses
SACRAMENTO, California, Jan. 12 -- The Small Business Administration's Office of Disaster Assistance issued the following news release:

Small nonfarm businesses in eight Arizona counties and a neighboring county in New Mexico are now eligible to apply for low interest federal disaster loans from the U.S. Small Business Administration. These loans offset economic losses because of reduced revenues caused by the drought in the following primary counties that began Oct. 31, 2017, announced Director Tanya N. Garfield of SBA's Disaster Field Operations Center-West.

Primary Arizona Counties: Cochise, ... Show Full Article

James 'Skip' Thompson Sworn In as TVA Board Member
HUNTSVILLE, Alabama, Jan. 12 -- The Tennessee Valley Authority issued the following news release:

James "Skip" Thompson, of Decatur, Ala., today officially assumed his role as a member of the Tennessee Valley Authority board of directors after taking the oath of office in a ceremony in Huntsville, Ala. His term will expire on May 18, 2021.

Thompson was nominated by President Donald Trump on Sept. 21, 2017, and was confirmed by the U.S. Senate on Dec. 21, 2017. He was sworn in by U.S. District Senior Judge C. Lynwood Smith, Jr., of the Northern District of Alabama.

"Having grown up in Decatur ... Show Full Article

Federal Reserve Board Announces Enforcement Action With Goldman Sachs Bank USA
WASHINGTON, Jan. 12 -- The Federal Reserve issued the following news release:

The Federal Reserve Board on Friday announced the execution of the enforcement action listed below:

Goldman Sachs Bank USA (https://www.federalreserve.gov/newsevents/pressreleases/files/enf20180112b1.pdf), New York, New York

Order of Assessment of a Civil Money Penalty, dated January 12, 2018

Search of Federal Reserve enforcement actions (https://www.federalreserve.gov/apps/enforcementactions/search.aspx).

For media inquiries, call 202-452-2955.

Boston Fed President Suggests Alternate Framework for Inflation Policy
BOSTON, Massachusetts, Jan. 12 -- The Federal Reserve Bank of Boston issued the following news release:

Boston Fed President Eric Rosengren today suggested that the Federal Reserve's monetary policy framework has an opportunity to adapt to the recent experience with prolonged low interest rates.

Rosengren said low inflation has enabled the Federal Reserve to pursue a very gradual exit from the "extraordinary" monetary policy accommodation undertaken to address the financial crisis, Great Recession, and slow recovery - adding that he does not view the "somewhat lower than expected" recent inflation ... Show Full Article

Bertram 'Bert' C. Hodge Joins St. Louis Fed's Transportation Industry Council
ST. LOUIS, Missouri, Jan. 12 -- The Federal Reserve Bank of St. Louis issued the following news release:

Bertram C. Hodge "Bert" of Corydon, Ind., has been named to the Transportation Industry Council of the Federal Reserve Bank of St. Louis. Bert Hodge is the general manager of Heritage Ford of Indiana.

The St. Louis Fed created four District Industry Councils in 2006, each designed to provide the Fed with important feedback regarding economic conditions within a key Eighth District industry sector. The members' observations--along with the economic data and information developed through the ... Show Full Article

Advocacy Appoints Joe Knilans to Serve as Advocate for Rural Affairs
WASHINGTON, Jan. 12 -- The Small Business Administration's Office of Advocacy issued the following news release:

Joseph J. Knilans has been appointed to serve as the SBA Office of Advocacy's Rural Affairs Advocate. In this role, Knilans will advocate on behalf of rural small businesses and local communities with a population of 50,000 or less around the country. He will work with small business owners, state and local government agencies, state legislators, and small business associations to help the Office of Advocacy voice the small business concerns of rural America before the White House, ... Show Full Article

$100 Million Quality Jobs Fund Announces $5 Million Investment in Central Valley Fund to Support Expansion of Quality Jobs in the Region
STOCKTON, California, Jan. 12 -- The Federal Home Loan Bank of San Francisco, a district bank in the Federal Home Loan Bank System, issued the following news release:

The Quality Jobs Fund, which was created by the Federal Home Loan Bank of San Francisco (FHLBank San Francisco) and is led and managed by the New World Foundation (NWF), today provided its first investment - $5 million to the Central Valley Fund. The Davis-based investment firm provides flexible capital solutions that facilitate the expansion of small- and medium-sized businesses, creating quality jobs and training employees for ... Show Full Article