The international trade deficit was $96.8 billion in June, down $2.5 billion from $99.4 billion in May, the Commerce Department announced today. Exports of goods for June were $172.3 billion, or $4.3 billion more than May exports. Imports of goods were $269.2 billion, or $1.7 billion more than May imports.
The U.S. Census Bureau and the U.S. Bureau of Economic Analysis announced that the goods and services deficit was $73.8 billion in October, down $10.0 billion from $83.8 billion in September, revised.
FinCEN is seeking nominations for membership in the Bank Secrecy Act Advisory Group, which reviews and discusses issues related to BSA reporting requirements. Membership is open to financial institutions subject to the BSA.
Federal Reserve Financial Services recently announced the expansion of FedDetect Duplicate Notification for Check Services to include commercial checks, alongside its existing Treasury check notification service.
The Hill newspaper announced that ABA President and CEO Rob Nichols, Chief Policy Officer Naomi Camper and EVP of Congressional Relations and Legislative Affairs Kirsten Sutton were named to its list of the 2024 top lobbyists.
Agency extended to Dec. 10 the deadline for contractors to object to the disclosure of their 2021 diversity data, known as “EEO-1 reports.” ABA has prepared an analysis to guide banks on their responses.
Federal and state financial regulators released a joint statement with strategies and advice for financial institutions on identifying, preventing and responding to elder financial exploitation.
