Daily Financial Regulation Update -- Friday, January 16, 2026

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Federal Agencies

U.S. Department of the Treasury

Treasury Releases International Capital Data for November 2025

January 15, 2026

The U.S. Department of the Treasury released Treasury International Capital (TIC) data for November 2025. The next release, which will report on data for December 2025, is scheduled for Feb. 18, 2026. 

• Press Release

 

Federal Reserve Board

Working Paper: ‘Do Anecdotes Matter? Exploring the Beige Book through Textual Analysis from 1970 to 2025’

January 15, 2026

The Federal Reserve Board published a working paper titled “Do Anecdotes Matter? Exploring the Beige Book through Textual Analysis from 1970 to 2025.”

• Paper

 

Federal Reserve Bank of New York

Empire State Manufacturing Survey — January 2026

January 15, 2026

The Federal Reserve Bank of New York released the Empire State Manufacturing Survey for January 2026.

• Report
• Overview

 

Federal Reserve Bank of Boston

Working Paper: ‘Connected for Better or Worse? The Role of Production Networks in Financial Crises’

January 15, 2026

The Federal Reserve Bank of Boston’s Research Department published a working paper titled “Connected for Better or Worse? The Role of Production Networks in Financial Crises.”

• Paper

 

Conference of State Bank Supervisors

Comment Letter: Digital Asset Market Structure Legislation

January 15, 2026

The Conference of State Bank Supervisors sent a comment letter to the U.S. Senate Committee on Banking, Housing and Urban Affairs regarding the Digital Asset Market Clarity Act.

• Comment Letter

 

Federal Deposit Insurance Corporation

FDIC Releases Q3 2025 State Profiles

January 15, 2026

The Federal Deposit Insurance Corporation released the Q3 2025 State Profiles.

• State Profiles

 

Consumer Financial Protection Bureau

FY 2024 Annual Performance Report

January 15, 2026

The Consumer Financial Protection Bureau released the FY 2024 Annual Performance Report.

• Report

 

International

Bank of England

Bank Liabilities Survey — Q4 2025

January 15, 2026

The Bank of England released the Bank Liabilities Survey for Q4 2025.

• Survey

 

Credit Conditions Survey — Q4 2025

January 15, 2026

The Bank of England released the Credit Conditions Survey for Q4 2025.

• Survey

 

Bank of England Prudential Regulation Authority

PRA to Streamline Supervision as Part of 2026 Priorities

January 15, 2026

The Prudential Regulation Authority has published its supervisory priorities for 2026.

• Press Release
• UK Deposit Takers Annual Supervisory Letter
• International Banks Annual Supervisory Letter
• Insurance Annual Supervisory Letter

 

Administration Changes

Vacancies

Appointments

U.S. Department of the Treasury – Scott Bessent (effective January 27, 2025)

Federal Reserve Board – Jerome H. Powell (effective May 23, 2022)

• Vice Chair Phillip N. Jefferson (sworn in September 13, 2023)
• Vice Chair for Supervision Michelle W. Bowman (sworn in June 9, 2025)
• Governor Michael Barr (sworn in July 19, 2022)
• Governor Christopher J. Waller (sworn in December 18, 2020)
• Governor Lisa D. Cook (sworn in September 13, 2022 – SCOTUS hearing on purported termination to be held in January 2026)
• Stephen Miran (sworn in September 16, 2025)

Federal Reserve Bank of New York – John C. Williams (effective June 18, 2018)

Federal Reserve Bank of Boston – Susan M. Collins (effective July 1, 2022)

Federal Deposit Insurance Corporation – Travis Hill (Acting Chairman effective January 20, 2025, nominated to be Chair September 30, 2025 and Confirmed December 18, 2025)

• Vice Chairman Vacant
• Director Vacant
• Director Jonathan Gould (Comptroller of the Currency)
• Director Russel Vought (Director of Consumer Financial Protection Bureau)

Office of the Comptroller of the Currency – Jonathan Gould (effective July 15, 2025)

Securities and Exchange Commission – Paul Atkins (effective April 9, 2025)

Commodity Futures Trading Commission – Michael Selig (confirmed December 18, 2025)

Consumer Financial Protection Bureau – Russel Vought (Acting Director effective February 10, 2025)

National Credit Union Administration – Kyle Hauptman (Chairman effective January 20, 2025)

Small Business Administration – Kelly Loeffler (effective February 19, 2025)

U.S. Department of Housing and Urban Development – Scott Turner (effective February 5, 2025)

Federal Housing Finance Agency – William Pulte (effective March 13, 2025)

U.S. Department of Education – Linda McMahon (effective March 3, 2025)

Financial Crimes Enforcement Network – Andrea Gacki (effective July 13, 2023)

 

PH Client Alerts

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Legislation/Legislative Updates

Click here to view the full text of the Coronavirus Aid, Relief and Economic Security Act (the “CARES Act”), enacted March 27, 2020.

Click here to view the full text of the Paycheck Protection Program Increase Act of 2020, enacted April 24, 2020.

Click here to view the full text of the Paycheck Protection Program Flexibility Act of 2020, enacted June 5, 2020.

Click here to view the full text of theConsolidated Appropriations Act, 2021, enacted December 27, 2020.

Click here to view the full text of the American Rescue Plan of 2021, enacted March 11, 2021.

Click here to view the full text of the PPP Extension Act of 2021, enacted March 30, 2021.

Click here to view a running list of proposed legislation from the Senate Committee on Banking, Housing and Urban Affairs, Senate Committee on Small Business and Entrepreneurship, House Committee on Financial Services and House Committee on Small Business