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Newsbytes

The Senate Banking Committee today advanced the nominations of Joseph Otting to serve as comptroller of the currency and Randal Quarles to be vice chairman for supervision at the Federal Reserve.

Economy

Economic activity continued to expand at a modest to moderate pace across the twelve Federal Reserve Districts in June, according to the just-released Federal Reserve Beige Book. The report was based on information collected through August 28. Consumer spending increased in most Districts this period, particularly in nonauto retail sales and tourism. Reports in auto

Compliance and Risk

To help facilitate the sharing of information between banks, regulators, consumers and other industry stakeholders, the Federal Financial Institutions Examination Council has launched a new outreach website.

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