• Aggregate net income increased 1.4 percent from a year earlier.
• Total loan and lease balances rose by 2 percent with the largest increases in residential mortgages (2.2 percent), commercial real estate loans (2.1 percent), credit card balances (3.1 percent), and loans to nondepository financial institutions (6.9 percent).
• The 5,602 insured institutions identified as community banks reported a 9.1 percent increase in total loans and leases during the past year with net operating revenue up 7.1 percent.
• The FDIC's Problem List fell to the smallest number in more than seven years.
• Banks are still operating in a challenging environment. Net interest margins and return on assets remained low by historical standards, noncurrent commercial and industrial (C&I) loans increased, and loan charge-offs rose for a third consecutive quarter.
• FDIC insurance premiums are set to change in the third quarter. The FDIC estimates that regular assessments are expected to decline by about one third.

• The Democrats used the financial crisis as an excuse to establish unprecedented government control over the nation's financial markets, bad for everyone except fed­eral regulators.
• The cause of the crisis was the government's own housing policies.
• Community banks should be relieved of excessive regulations. We support removing roadblocks and regulations that prevent access to capital.
• No financial institution is too big to fail. We support legislation to ensure that the problems of any financial institution can be resolved through the Bankruptcy Code. FDIC-regulated banks should be properly capitalized and taxpayers protected against bailouts. We will end the government's use of disparate impact theory in enforcing anti-discrimination laws with re­gard to lending.
• For nine years, Fannie Mae and Freddie Mac have been in conservatorship, and the current Administration and Democrats have prevented any effort to reform them. The utility of both agencies should be reconsidered as a Republican administration clears away the jumble of subsidies and controls that complicate and distort home buying.

• Wall Street must work for the job-creating, productive economy-including making loans more affordable for small- and medium-sized businesses.
• No bank can be too big to fail and no executive too powerful to jail.
• We will stop dead in its tracks every Republican effort to weaken Dodd Frank, and we will protect consumers and defend the Consumer Financial Protection Bureau (CFPB).
• Executives at financial institutions should not be allowed to serve on the boards of regional Federal Reserve banks or select their members.
• We support substantially increased funding for the National Housing Trust Fund to construct, preserve, and rehabilitate millions of affordable housing rental units. Not only will this help address the affordable housing crisis, it will also create millions of good-paying jobs in the process.
• We will reinvigorate federal housing production programs, increase resources to repair public 11 housing, and increase funding for the housing choice voucher program. And we will fight for sufficient funding to end chronic homelessness. 

August 10, 2016 - U.S. Rep. Mike Doyle, joined Mayor Peduto, the Federal Home Loan Bank of Pittsburgh (FHLBank Pittsburgh), PNC Bank, ACTION-Housing, Community Human Services and other community leaders today for a celebration of the many partners who have helped to revitalize Wood Street Commons, ending with a ceremony to present a $500,000 Affordable Housing Program (AHP) grant to continue the work. 

Wood Street Commons is a 16-story building in downtown Pittsburgh that includes 259 single-room occupancy units; the Café Commons, providing inexpensive meals and community space for residents, and on-site services provided by Community Human Services. 

As the next step in a long line of improvements, the AHP funds presented today, provided by FHLBank Pittsburgh and its member financial institution, PNC Bank, will be used to modernize two residential elevators and replace the building's emergency fire pump. 

"Wood Street Commons is an inspiring local example of public-private partnerships working successfully to promote the greater good," said Rep. Doyle. "I am very pleased to see the city, the private sector and a non-profit working together to provide affordable housing and supportive services to some of Pittsburgh's most vulnerable adults." 

"Today we celebrate Wood Street Commons, a powerful success story in our city," said Mayor Peduto. "Many partners over many years - city, county, philanthropic, real estate, human services, financial institutions - together we have repurposed an at-risk building in a way that serves disabled, homeless, mentally ill, those involved in the justice system and others who need safe affordable housing."