Orvin T. Kimbrough, chairman CEO of Midwest BankCentre, likes to call himself an“ accidental banker.”. He was named chief executive of Midwest BankCentre, the second-largest privately held community bank in the St. Louis region, in 2019 after almost two decades in the nonprofit world. Since 2023 Kimbrough has served on the Community Depository Institutions…
Economic News
The United States has grappled with elevated inflation for about five years, straining household budgets and keeping policymakers under pressure. Beth Hammack, president and chief executive of the Federal Reserve Bank of Cleveland and a voting member of the Federal Open Market Committee, told Dayton business leaders Thursday, Aug. 13, that recent reports…
The following information was released by the Federal Reserve Bank of Richmond:. If you too like a good mystery, then you like the U.S. economy. How has the U.S. economy remained so resilient despite a slew of challenges?
The Blockchain Association is throwing its weight behind Custodia Bank's effort to bring its fight with the Federal Reserve to the U.S. Supreme Court. The crypto industry trade group backed Custodia's petition asking the high court to review whether the Fed can deny a master account to a lawful digital asset business. Custodia Bank, a Wyoming- chartered…
Boston Omaha Corporation announced its financial results for the second quarter ended June 30, 2026, in connection with filing its Quarterly Report on Form 10- Q with the Securities and Exchange Commission. On May 18, 2026, we announced that we had entered into an agreement with CopperPoint Insurance Company in which it will acquire 100% of the equity…
Mike Lawler and Congressman Scott Peters introduced the Task Force on the Impact of the Affordable Housing Crisis Act to establish a federal task force examining how the lack of affordable housing affects other government programs, the economy, and Americans' quality of life. The bipartisan task force would evaluate and quantify the broader cost associated…
The following information was released by the office of Texas Rep. In order to permanently prohibit the Federal Reserve from issuing a Central Bank Digital Currency, I introduced the Permanent CBDC Ban Act. The 21st Century Road to Housing Act contained a provision that was alleged to temporarily restrict the Federal Reserve from issuing a CBDC.
—The average long-term U.S. mortgage rate fell slightly for the first time in six weeks on Thursday, marking a glimpse of relief for prospective homebuyers— although borrowing costs remain steeper than they were a year ago. The benchmark 30- year fixed rate mortgage rate tumbled to 6.67%, mortgage buyer Freddie Mac said Thursday, down from 6.69% reported last…
Under that plan, the estimated $1 trillion the Federal Reserve will spend over the next decade on bank reserve interest payments would instead be redirected toward implementing the legislation. Eric Burlison, R- Missouri, stated. " By reforming the Federal Reserve's authority to pay interest on reserve balances, we can use the savings to help offset the cost of…
Perpetuals.com (NASDAQ: PDC) announced that Perpetual Markets MTF, which operates on Perpetuals technology, received approval from the Cyprus Securities and Exchange Commission (“CySEC”) to offer crypto-asset services under the European Union’s Markets in Crypto-Assets Regulation (“MiCA”). The authorization enables the operation of a crypto-asset trading platform offering custody and administration, order execution, order reception and transmission and crypto-asset transfer services. […]
WASHINGTON- U.S. consumer prices barely increased in July as the cost of gasoline declined for a second straight month, while underlying inflation was benign, further reducing the odds of an interest rate hike from the Federal Reserve next month. Still, economists said a rate increase this year remained on the table as inflation runs well above the U.S. central…
The S&P 500 and the Nasdaq ended higher Wednesday, lifted by upbeat quarterly results from CoreWeave and other artificial intelligence infrastructure firms, while mild inflation data reinforced bets that the U.S. Federal Reserve will hold interest rates steady in September. U.S. consumer prices barely increased in July as the cost of gasoline declined for a…
The Boston Foundation and a committee of strategic partners, including the Barr Foundation, Eastern Bank Foundation, and the Greater Boston Chamber of Commerce, say the new study of family wealth in Massachusetts, released today by the Federal Reserve Bank of Boston, provides unprecedented insights into wealth gaps in the state. The rigorous, impartial…
The Bureau of Labor Statistics said prices rose 0.1% for the month, with an annual rate of 3.4%. “The July CPI report is further proof that President Trump’ s long-term agenda is delivering: prescription drug and auto insurance costs continue to fall, real wages are rising, and beef prices have cooled while other household essentials like eggs, poultry, and dairy…
The new chairman of the Federal Reserve, Kevin Warsh, is facing his own version of the same problem that the president who appointed him encountered— an entrenched and highly partisan bureaucracy that fiercely resists change while taking itself very seriously. The most brazen example of this came in an August 11 column by Bloomberg Opinion columnist Bill…
Under that plan, the estimated $1 trillion the Federal Reserve will spend over the next decade on bank reserve interest payments would instead be redirected toward implementing the legislation. Eric Burlison, R- Missouri, stated.“ My bill answers that question. But Burlison’ s plan to halt most interest payments on banks’ monetary reserves housed in the U.S….
A detailed survey of family wealth in Massachusetts has found an estimated median family net wealth of $374,000 and higher median wealth among those with more education, homeowners, those 65 or older, rural residents, and in white and Asian families. The Family wealth in Massachusetts report, published by the Federal Reserve Bank of Boston, presents the…
Copper, a builder of blockchain-based infrastructure for secure and efficient collateral mobility across capital markets, today announced that its U.S. entity, Copper Markets Inc., a registered broker-dealer with the Securities and Exchange Commission, has been accepted as a member of the Financial Industry Regulatory Authority. The milestone…
Federal Reserve Chairman Kevin Warsh has stated emphatically that curbing inflation is job one and he has curbed forward guidance. But it’ s high time the Fed started talking about how federal and state policies constrain its ability to deliver price stability and solid growth. Russia’ s invasion of Ukraine and Western sanctions, COVID-19 lockdowns, climate…
