Existing home sales fell 4.9% in January to a seasonally adjusted annual rate of 4.08 million, the National Association of Realtors reported. However, sales rose 2% from a year ago. Total housing inventory in January was 1.18 million units, up 3.5% from the prior month. The median home price was $396,900, up 4.8% from the previous year.
Regulators set sights on liquidity coverage ratio reform
Saying that bank liquidity is “the next big-ticket item” for regulatory reform, top officials at the Treasury Department and Federal Reserve outlined their case for revisiting the liquidity coverage ratio to recognize discount window borrowing capacity.










