The ISM manufacturing index was unchanged at 51.5 points in April. Index readings above 50 indicate expansion in the manufacturing economy.
Construction spending declined 0.6 percent in March to a seasonally adjusted annual rate (SAAR) of $966.6 billion.
The FDIC will hold a teleconference for bankers on the Consumer Financial Protection Bureau’s mortgage rules on May 21.
The most recent issue of the Federal Reserve publication Consumer Compliance Outlook features an article on lender-placed flood insurance.
ABA invites entries for the 2015 Community Commitment Awards, which recognize and promote the essential role banks play in their communities.
Responding to draft Basel Committee guidance on bank examination procedures for accounting for expected credit losses, ABA cautioned the committee that regulatory expectations must be proportional to the size and sophistication of individual banks.
Personal income increased $6.2 billion, or less than 0.1 percent in March, according to the Bureau of Economic Analysis—a sharp decline from February’s estimate.