New orders for manufactured durable goods increased $48.3 million or 16.4% in May to $343.6 billion, the U.S. Census Bureau said in its most recent advance report. The increase followed a 6.6% April decrease. Excluding transportation, new orders increased 0.5%. Excluding defense, new orders increased 15.5%. Transportation equipment led the increase, $47.4 billion or 48.3% to $145.4 billion.
The Office of the Comptroller of the Currency announced a decrease in assessment rates for the Sept. 30 semiannual assessment.
The Federal Reserve announced the final individual capital requirements for large banks, but may later update the requirements if a proposed rule concerning how they are calculated is finalized.
The FDIC announced it had removed all references to disparate impact from its Consumer Compliance Examination Manual.
The University of Michigan Consumer Sentiment Index decreased 5.7% in August compared to the month prior, landing at 58.2, according to final results for the month.
Personal income increased 0.4%, or $112.3 billion, in July, the Commerce Department said. The personal savings rate was 4.4%.
More than two in three U.S. workers said they are “somewhat” or “very” stressed about their financial situation, according to a new survey by PNC Bank.
