Banker's Toolbox Announces — ACQUISITION OF LOAN LOSS RESERVE POWERHOUSE, MAINSTREET TECHNOLOGIES
Banker's Toolbox, Inc., leaders in compliance solutions for financial institutions, announced the acquisition of Georgia-based MainStreet Technologies (MST). MST is an industry leader in the loan risk management space. This acquisition adds to a strong and growing portfolio of compliance-related solutions and will continue to enhance the value Banker's Toolbox brings to both their customers and the industry. (Read full press release here.)
Fed updates US model package
The Federal Reserve Board has announced an update and overview of the FRB/US model package and dataset. The FRB/US model was launched almost 25 years ago as a large macroeconomic model of the US economy. References and documentation about the FRB/US model and some of its history can be found on the public website. While the model has been modestly updated and changed over the years, the FEDS Note summarizes a more comprehensive set of modifications introduced with the November 2018 public release of the model and provides some motivation for why they were made.