{"content":[{"text":"Thursday, May 13, 2021 \n To: New York Community Banks","bbox":{"left":0.117686,"top":0.043655,"width":0.24477500000000002,"height":0.03450400000000001}},{"text":"FROM ICBA","bbox":{"left":0.447925,"top":0.091659,"width":0.10455499999999995,"height":0.019306000000000004}},{"text":"ICBA leads grassroots on rural tax relief \n ICBA-advocated legislation would provide a new, targeted tax incentive for agricultural and rural \n residential lending, ICBA’s Mark Scanlan writes in this month’s Independent Banker magazine. \n Details: The Enhancing Credit Opportunities in Rural America (ECORA) Act (H.R. 1977) would exempt \n from taxation interest income on farm real estate and rural mortgage loans, Scanlan writes. \n Impact: Introduced in the House by Reps. Ron Kind (D-Wis.) and Randy Feenstra (R-Iowa) with a \n Senate version expected soon, ECORA would help provide access to credit to rural borrowers while \n helping community banks compete against the tax-advantaged Farm Credit System. \n Grassroots: Community bankers can use ICBA's Be Heard grassroots action center to urge their \n members of Congress to support ECORA. \n CONTACT CONGRESS","bbox":{"left":0.117686,"top":0.123654,"width":0.76043,"height":0.17900300000000002}},{"text":"IRS issues 960K EIPs \n The IRS said it is disbursing roughly 960,000 more Economic Impact Payments in the ninth batch under \n the American Rescue Plan. \n New Batch: The latest batch—which has a total value of more than $1.8 billion—began processing May \n 7 with an official payment date of May 12. \n Resources: More EIP information is available in FAQs from the IRS and ICBA and in the federal Get \n My Payment portal.","bbox":{"left":0.117686,"top":0.315359,"width":0.7539020000000001,"height":0.11422700000000002}},{"text":"Credit card balances show second-largest decline \n Total household debt increased by 0.6 percent in the first quarter, according to the Federal Reserve Bank \n of New York. While mortgage, auto, and student loan balances continued to increase, credit card balances \n recorded the second-largest quarterly decline since the data series began in 1999.","bbox":{"left":0.117686,"top":0.443086,"width":0.7619740000000002,"height":0.06634800000000007}},{"text":"Consumer price index highest since ’08 \n The Consumer Price Index increased a seasonally adjusted 0.8 percent in April following a 0.6 percent \n increase in March, the Labor Department reported. The index of consumer inflation rose 4.2 percent from \n the same time a year ago, the largest 12-month increase since September 2008.","bbox":{"left":0.117686,"top":0.525066,"width":0.7597670000000001,"height":0.06424200000000002}},{"text":"FROM OTHER SOURCES","bbox":{"left":0.393219,"top":0.611748,"width":0.21367400000000003,"height":0.019306000000000045}},{"text":"•","bbox":{"left":0.147098,"top":0.647294,"width":0.007485999999999993,"height":0.015406999999999949}},{"text":"America is finally winning its fight against the coronavirus, according to this Axios report. The \n U.S. averaged fewer than 40,000 new cases per day over the past week -- the first time the daily \n average has dipped below 40,000 since September. New cases declined last week in 37 states. \n Not a single state moved in the wrong direction. Deaths from the coronavirus are at their lowest \n level since last July — about 600 per day, on average, per AP, and may soon hit their lowest point \n of the entire pandemic. Hospitalization rates are also falling significantly. Share this map. \n https://www.axios.com/newsletters/axios-am-9204abb4-3abb-4a83-8cb1- \n 971e065693b2.html?utm_source=newsletter&utm_medium=email&utm_campaign=newsletter_a \n xiosam&stream=top","bbox":{"left":0.176503,"top":0.645259,"width":0.705778,"height":0.14651099999999995}},{"text":"•","bbox":{"left":0.147098,"top":0.808695,"width":0.007485999999999993,"height":0.015406999999999949}},{"text":"The Centers for Disease Control and Prevention recommended Pfizer Inc.'s COVID-19 vaccine \n for children ages 12-15, after the Advisory Committee on Immunization Practices signed off on \n the drug in a 14-0 vote. The move to vaccinate adolescents is viewed by public health officials as \n critical to slowing the spread of COVID-19 and allowing a full return to schools. (The Wall Street \n Journal)","bbox":{"left":0.176503,"top":0.80666,"width":0.7054420000000001,"height":0.082681}},{"text":"•","bbox":{"left":0.147098,"top":0.906266,"width":0.007485999999999993,"height":0.015406999999999949}},{"text":"COVID-19 vaccine developers are making ever bolder assertions that the world will need yearly \n booster shots, or new vaccines to tackle concerning coronavirus variants, but some scientists \n question when, or whether, such shots will be needed. https://www.reuters.com/world/middle-","bbox":{"left":0.176503,"top":0.904231,"width":0.6931620000000001,"height":0.05056499999999997}}],"images_bbox":[],"images_bbox_not_text_overlap":[]}