Millennium Corporate becomes a CLF Agent Member How does that impact members? LEARN MORE
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Weekly Economic Commentary  Monthly Economic & Financial Digest

News & Events

FOMC Statement | June 10, 2020

The Federal Reserve is committed to using its full range of tools to support the U.S. economy in this challenging time, thereby promoting its maximum employment and price stability goals. Read more...

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Millennium Corporate is now a CLF Agent Member!

In early May, Millennium Corporate became a Central Liquidity Facility Agent Member. Learn how member credit unions are impacted.

COVID-19 | Online Preparedness Resources Page

All Millennium Corporate COVID-19 Communications in one-spot for easier access.

CECL Implementation Delayed to 2023

AIM recommends patience in determining CECL solution.

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Rates & Commentary

Key Rates
Fed Funds Effective 0.080%
1 Month Libor 0.188%
Secured Overnight Financing Rate (SOFR) 0.100%
Sterling Overnight Index Average (SONIA) 0.059%
Dow Jones Industrial Average (DJIA) 25,730
Millennium Rates
Managed Liquidity
  Tier 1 | $100,000 - $499,999.99 0.03%
  Tier 2 | $500,000 - $9,999,999.99 0.05%
  Tier 3 | $10,000,000 and up 0.07%
Cash Management 0.01%
Perpetual Contributed Capital – Previous Month 0.50%
Overnight Loan Rate 1.00%

Daily Commentary

July 10, 2020

U.S. banks had only a few weeks' experience with the full-blown pandemic when they last tried to forecast how bad things would get. Now, they're about to reveal what three more months of Covid-19 did to the industry.

Full Commentary

Today, Tomorrow, Together