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MADISON, Wis.–The World Council of Credit Unions is calling on the Basel Committee on Banking Supervision to make the use of daily averages in leverage ratio disclosures optional for non-complex depository institutions, such as credit unions and other community-based mutual depository institutions, that follow standardized risk-based capital rules.

WASHINGTON—New home sales in January decreased 6.9% from December's upwardly revised 652,000 annualized units to 607,000 units in January, new data from the Census Bureau show.