Saturday - December 16, 2017
Federal Independent Agencies

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

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SBA Economic Injury Disaster Loans Available to Colorado Small Businesses
SACRAMENTO, California, Dec. 15 -- The Small Business Administration's Office of Disaster Assistance issued the following news release:

Small nonfarm businesses in six Colorado counties and two Utah counties 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 severe freezes in Montrose County that occurred April 4-30, 2017, announced Director Tanya N. Garfield of SBA's Disaster Field Operations Center-West.

Primary Colorado county: Montrose;

Neighboring Colorado ... Show Full Article

SBA Deadline for Alabama Private NonProfit Organizations to Apply for Physical Damage Disaster Loans is Jan. 16
ATLANTA, Georgia, Dec. 15 -- The Small Business Administration's Office of Disaster Assistance issued the following news release:

The U.S. Small Business Administration is reminding eligible Private NonProfit (PNP) organizations in Alabama of the Jan. 16 deadline to submit disaster loan applications for physical damages caused by Hurricane Nate on Oct. 6 - 10, 2017.

PNPs located in the following counties are eligible to apply: Baldwin, Choctaw, Clarke, Mobile and Washington in Alabama.

Certain Private NonProfit organizations (PNP) that do not provide critical services of a governmental nature ... Show Full Article

IMF Executive Board Completes Third Review Under the ECF Arrangement for the Central African Republic, Approves US$40.2 Million Disbursement, and an Augmentation of US$55.1 Million
WASHINGTON, Dec. 15 -- The International Monetary Fund issued the following news release:

* The completion of the review enables the disbursement of US$40.2 million.

* Supporting social cohesion and economic growth requires the gradual restoration of state authority and the swift implementation of the National Plan for Recovery and Peace.

* Sustaining and accelerating efforts to mobilize domestic revenues and enhancing budget transparency will create fiscal space for social and development spending.

On December 15, 2017, the Executive Board of the International Monetary Fund (IMF) completed ... Show Full Article

IMF Executive Board Completes First and Second Reviews Under the Extended Arrangement for Mongolia and Approves US$ 79.1 Million Disbursement
WASHINGTON, Dec. 15 -- The International Monetary Fund issued the following news release:

* Mongolia's economy is recovering with GDP growth projected to be better than expected. All quantitative targets under the program have been met.

* The combination of a strong policy implementation and a supportive external environment has helped the authorities over-perform on all of the quantitative targets under the program.

* The authorities are moving ahead with an ambitious structural reform agenda that will help sustain growth over the medium term, promote diversification and competitiveness, and ... Show Full Article

Home Bank and FHLB Dallas Award $8,000 in PGP Funding to HousingNOLA
NEW ORLEANS, Louisiana, Dec. 15 -- The Federal Home Loan Bank of Dallas, a district bank in the Federal Home Loan Bank System, issued the following news release:

As it enters the third year of a 10-year plan to solve New Orleans, Louisiana's affordable housing crisis, HousingNOLA will have additional funds to help in its effort.

HousingNOLA will use an $8,000 Partnership Grant Program (PGP) award from Home Bank and the Federal Home Loan Bank of Dallas (FHLB Dallas) to advance its work. HousingNOLA is a community-led effort launched in December 2015 to address the city's housing needs over a 10-year ... Show Full Article

Federal Reserve Board Permanently Bars Lowell W. McCoy, Angela Asbell, and Jacob Harrison From Banking Industry for Engaging in Separate Unsafe and Unsound Practices
WASHINGTON, Dec. 15 -- The Federal Reserve issued the following news release:

The Federal Reserve Board on Friday permanently barred Lowell W. McCoy, Angela Asbell, and Jacob Harrison from the banking industry for engaging in separate unsafe and unsound practices.

McCoy, a former member of the board of directors of NBRS Financial, Rising Sun, Maryland, obtained loans from NBRS through a third-party borrower to circumvent applicable lending limits and did not disclose the true purpose of the loans.

Asbell, a former cashier at First State Bank in Commerce, Oklahoma, permitted a bank customer to ... Show Full Article

Fannie Mae Announces 2018 Connecticut Avenue Securities Issuance Calendar
WASHINGTON, Dec. 15 -- Fannie Mae issued the following corporate news release:

Fannie Mae (FNMA/OTC) today announced its 2018 Connecticut Avenue Securities(TM) (CAS) Issuance Calendar (http://www.fanniemae.com/resources/file/credit-risk/pdf/cas-2018-issuance-calendar.pdf) as part of an ongoing effort to ensure transparency in the market and help investors with their investment planning for the year. Fannie Mae has the option to issue, or to forego issuance of, one or more CAS deals during each issuance window.

"The publication of our 2018 issuance calendar is consistent with our approach to ... Show Full Article