New orders for manufactured durable goods increased $8.9 billion or 2.9% to $312.1 billion in August, the U.S. Census Bureau said in its most recent advance report. The rise followed a 2.7% July decrease. Excluding transportation, new orders increased 0.4%. Excluding defense, new orders rose 1.9%. Transportation equipment led the increase, $8.1 billion or 7.9% to $110.2 billion.
Banking agencies expand bank eligibility for extended exam schedule
The federal banking agencies announced they are raising the asset threshold that certain banks must fall under to qualify for an extended 18-month examination schedule rather than a 12-month schedule.
