Industrial production increased 0.1% in December after moving up 0.7% in November. Total industrial production in December was 3.7% higher than its year-earlier level, and 0.6% above pre-pandemic levels.
Manufacturing output decreased 0.3% in December. Durable and nondurable manufacturing both decreased 1.0% and 0.9%, respectively. The output of utilities fell 1.5%, while the index for mining increased 2.0% in December.
Read the Fed release.
Interim final rule establishes procedures for investigating complaints of employer retaliation for reporting possible violations of the Bank Secrecy Act and sanctions laws. It does not apply to bank employees.
Glacier Bancorp in Montana to buy Bank of Idaho Holding Co.; Community Bank Holdings of Texas in Corsicana to buy CapTex Bancshares in Fort Worth.
In one of his last speeches before exiting his current role, FDIC Chairman Martin Gruenberg said he was worried that “memories are short” when it comes to the factors that led to past banking crises.
The Federal Housing Finance Agency finalized a rule amending the capital requirements for Federal Home Loan Banks so they can better respond to their members’ liquidity needs.
Five federal and state agencies issued a joint statement on their supervisory practices and expectations for financial institutions affected by the California wildfires.
The Producer Price Index increased 0.2% in December from the previous month, the Labor Department reported. The index showed prices increased 3.3% from a year before.
