Christopher Waller

Intended nominee, Federal Reserve Board

July 3, 2019 Nominees 0

INFO, BACKGROUND ON CHRISTOPHER WALLER

AGE	60 (as of July 2, 2019)
POSITION	Member, Federal Reserve Board (President Donald Trump's 'intended nominee')
EDUCATION	Ph.D, Washington State University
EXPERIENCE	Government: 2009-present: Federal Reserve Bank of St. Louis (executive vice president, director of research) Other: 2003-09: University of Notre Dame (South Bend, Ind.), Gilbert F. Schaefer Professor of Economics; chair, economics department Previously: Economist, Indiana University

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UPDATED: Regulators react to proposed capital plan for Fannie Mae, Freddie Mac, with tone of ‘not enough’

September 25, 2020 0

A proposed capital requirements plan for secondary mortgage market giants Fannie Mae and Freddie Mac, presented to federal regulators Friday, has won the plaudits of the chairman of the federal insurer of bank deposits. However, but both she and the [...]
Comments due in November on FDIC proposed MDI policy statement revisions

September 25, 2020 0

A proposal revising the Federal Deposit Insurance Corp.’s (FDIC) statement of policy on minority depository institutions (MDIs) made it into the Federal Register Friday and is out for comment until Nov. 24. The FDIC issued its policy statement in 1990 [...]
Proposed removal of OTS nondiscrimination regs out for comment

September 25, 2020 0

A proposed rule to remove nondiscrimination rules issued by the former Office of Thrift Supervision (OTS) and make nonmember state savings associations subject to similar rules currently set for banks is out for comment until Oct. 26. The Federal Deposit [...]
Bank gets cease-and-desist order over BSA violations; 4 prohibited from future service in banks

September 25, 2020 0

One cease-and-desist order against a bank in Kansas over Bank Secrecy Act violations and four prohibitions of former bank employees from any future service in a federally insured financial institution were among the 13 enforcement orders issued in August by [...]
Report: Many believe they need more money to cover emergencies than they have in savings

September 25, 2020 0

People think they need about $10,000 to cover any financial emergencies, according to results of a study released Thursday, but more than half of those have only $3,000 or even less in their combined checking and savings account, according to [...]
Fed sets earlier date for adopting later same-day ACH processing and settlement

September 25, 2020 0

The implementation date will be March 8 for changes to the Federal Reserve Banks’ payment systems to allow adoption of a later same-day automated clearinghouse (ACH) processing and settlement window, the Fed said Friday – moving back the date from [...]

Christopher Waller

Intended nominee, Federal Reserve Board

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UPDATED: Regulators react to proposed capital plan for Fannie Mae, Freddie Mac, with tone of ‘not enough’

Comments due in November on FDIC proposed MDI policy statement revisions

Proposed removal of OTS nondiscrimination regs out for comment

Bank gets cease-and-desist order over BSA violations; 4 prohibited from future service in banks

Report: Many believe they need more money to cover emergencies than they have in savings

Fed sets earlier date for adopting later same-day ACH processing and settlement