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April 30, 2019 - Midwest Economy Index - Index points to slower Midwest economic growth in March - The Midwest Economy Index moved down to +0.22 in March from +0.29 in February. Contributions to the March MEI from three of the four broad sectors of nonfarm business activity and three of the five Seventh Federal Reserve District states decreased from February. www.chicagofed.org/~/media/publications/mei/2019/mei-march2019-pdf.pdf April 30, 2019 - NCUA Issues Prohibition Notices - The National Credit Union Administration issued three prohibition notices in April. These individuals are prohibited from participating in the affairs of any federally insured financial institution. www.ncua.gov/newsroom/press-release/2019/ncua-issues-prohibition-notices-0 April 30, 2019 - NCUA/SBA Partnership Will Help Credit Unions Support Small Businesses - The National Credit Union Administration and the U.S. Small Business Administration today launched a three-year collaborative effort to bring small businesses and credit unions together and expand awareness about SBA programs. www.ncua.gov/newsroom/press-release/2019/ncuasba-partnership-will-help-credit-unions-support-small-businesses April 30, 2019 - OCC Solicits Public Comment on Proposed Innovation Pilot Program - The program would be voluntary and designed to provide eligible entities with regulatory input early in the testing of innovative activities that could present significant opportunities or benefits to consumers, businesses, financial institutions, and communities. www.occ.gov/news-issuances/news-releases/2019/nr-occ-2019-42.html April 30, 2019 - Statistical Release - Finance Companies - G.20. www.federalreserve.gov/releases/g20/current/g20.htm April 29, 2019 - Fiduciary Regulations; Non-Fiduciary Custody Activities: Advance Notice of Proposed Rulemaking - On April 29, 2019, the Office of the Comptroller of the Currency published an advance notice of proposed rulemaking inviting comment on possible revisions to the OCC’s fiduciary regulations, 12 CFR 9 and 150. www.occ.treas.gov/news-issuances/bulletins/2019/bulletin-2019-21.html April 26, 2019 - Other Real Estate Owned: Notice of Proposed Rulemaking - On April 24, 2019, the Office of the Comptroller of the Currency published a notice of proposed rulemaking on other real estate owned activities for national banks and federal savings associations. www.occ.treas.gov/news-issuances/bulletins/2019/bulletin-2019-20.html April 26, 2019 - FDIC Makes Public March Enforcement Actions - The Federal Deposit Insurance Corporation today released a list of orders of administrative enforcement actions taken against banks and individuals in March. There is one administrative hearing scheduled for May 2019. www.fdic.gov/news/news/press/2019/pr19037.html April 26, 2019 - Advanced Notice of a Meeting under Expedited Procedures - A closed meeting of the Board of Governors of the Federal Reserve System will be held under expedited procedures at 10:00 a.m. on April 30, 2019. Matter(s) considered: Discussion of Monetary Policy Issues. www.federalreserve.gov/aboutthefed/boardmeetings/20190430closed.htm April 26, 2019 - Credit and Liquidity Programs and the Balance Sheet - Recent balance sheet trends, weekly chart update. www.federalreserve.gov/monetarypolicy/bst_recenttrends.htm ______________ April 25, 2019 - Federal Reserve Board issues enforcement action with Sumitomo Mitsui Banking Corporation. www.federalreserve.gov/newsevents/pressreleases/enforcement20190425a.htm April 24, 2019 - Notice of a Meeting under Expedited Procedures A closed meeting of the Board of Governors of the Federal Reserve System was held at on April 24, 2019. Matter(s) considered: Discussion of the Semiannual Financial Stability Report. www.federalreserve.gov/aboutthefed/boardmeetings/20190424closed.htm April 23, 2019 - NCUA - Mid East Tennessee Community Credit Union Conserved - The National Credit Union Administration today placed Mid East Tennessee Community Credit Union in Decatur, Tennessee, into conservatorship. www.ncua.gov/newsroom/press-release/2019/mid-east-tennessee-community-credit-union-conserved April 23, 2019 - OCC to Host Innovation Office Hours in New York - The Office of the Comptroller of the Currency today announced it will hold Innovation Office Hours, June 11-12, in New York to promote responsible innovation in the federal banking system. www.occ.gov/news-issuances/news-releases/2019/nr-occ-2019-41.html April 23, 2019 - Deposit Insurance Coverage Seminars: Free Nationwide Seminars for Bank Officers and Employees - The FDIC will conduct four identical live seminars on FDIC deposit insurance coverage for bank employees and bank officers between May 15, 2019, and December 9, 2019. www.fdic.gov/news/news/financial/2019/fil19023.html April 23, 2019 - Federal Reserve Board invites public comment on proposal to simplify and increase the transparency of rules for determining control of a banking organization. www.federalreserve.gov/newsevents/pressreleases/bcreg20190423a.htm April 22, 2019 - Chicago Fed National Activity Index - Index points to a pickup in economic growth in March - Led by improvements in employment-related indicators, the Chicago Fed National Activity Index rose to �0.15 in March from �0.31 in February. www.chicagofed.org/~/media/publications/cfnai/2019/cfnai-april2019-pdf.pdf April 22, 2019 - Advanced Notice of a Meeting under Expedited Procedures - A closed meeting of the Board of Governors of the Federal Reserve System will be held under expedited procedures at 10:00 a.m. on April 24, 2019. Matter(s) considered: Discussion of the Semiannual Financial Stability Report. www.federalreserve.gov/aboutthefed/boardmeetings/20190424closed.htm April 22, 2019 - Notice of a Meeting under Expedited Procedures - A closed meeting of the Board of Governors of the Federal Reserve System was held at 11:15 a.m. on April 22, 2019. Matter(s) considered: Review and determination by the Board of Governors of the advance and discount rates to be charged by the Federal Reserve Banks. www.federalreserve.gov/aboutthefed/boardmeetings/20190422closed.htm April 19, 2019 - OCC Enforcement Actions and Terminations for April 2019 - The Office of the Comptroller of the Currency today released new enforcement actions taken against national banks, federal savings associations, and individuals currently and formerly affiliated with national banks and federal savings associations. www.occ.gov/news-issuances/news-releases/2019/nr-occ-2019-40.html April 19, 2019 - Consolidated Reports of Condition and Income - The Consolidated Reports of Condition and for the March 31, 2019, report date must be submitted to the agencies' Central Data Repository by Tuesday, April 30, 2019. www.fdic.gov/news/news/financial/2019/fil19022.html April 19, 2019 - Changes in Monetary Policy and Banks' Net Interest Margins: A Comparison across Four Tightening Episodes - Jared Berry, Felicia Ionescu, Robert Kurtzman, and Rebecca Zarutskie - How do banks' net interest margins, a key measure of bank profitability, change as the Federal Open Market Committee raises or lowers its policy rate? www.federalreserve.gov/econres/notes/feds-notes/changes-in-monetary-policy-and-banks-net-interest-margins-a-comparison-20190419.htm April 19, 2019 - Likelihood Evaluation of Models with Occasionally Binding Constraints - Pablo Cuba-Borda, Luca Guerrieri, Matteo Iacoviello, and Molin Zhong - Applied researchers interested in estimating key parameters of DSGE models face an array of choices regarding numerical solution and estimation methods. We focus on the likelihood evaluation of models with occasionally binding constraints. www.federalreserve.gov/econres/feds/files/2019028pap.pdf April 19, 2019 - Credit and Liquidity Programs and the Balance Sheet - Recent balance sheet trends, weekly chart update. www.federalreserve.gov/monetarypolicy/bst_recenttrends.htm April 19, 2019 - Legal Interpretations - Bank Holding Company Act, March 13 (1 letter), March 26 (1 letter), April 12 (1 letter). www.federalreserve.gov/supervisionreg/legalinterpretations/bhc_changeincontrol2019.htm April 19, 2019 - Institutional Investors, the Dollar, and U.S. Credit - Friederike Niepmann and Tim Schmidt-Eisenlohr - This paper documents that an appreciation of the U.S. dollar is associated with a reduction in the supply of commercial and industrial loans by U.S. banks. www.federalreserve.gov/econres/ifdp/files/ifdp1246.pdf April 19, 2019 - Liquidity Funding Shocks: The Role of Banks' Funding Mix - Antonio �lvarez, Alejandro Fernandez, Joaquin Garcia-Cabo, and Diana Posada - This study attempts to evaluate the impact of an increase in banks' funding stress and its transmission to the real economy, taking into account different funding sources banks can rely on. www.federalreserve.gov/econres/ifdp/files/ifdp1245.pdf April 19, 2019 - The Global Factor in Neutral Policy Rates: Richard Clarida - Abstract: This paper highlights some of the theoretical and practical implications for monetary policy and exchange rates that derive specifically from the presence of a global general equilibrium factor embedded in neutral real policy rates in open economies. www.federalreserve.gov/econres/ifdp/files/ifdp1244.pdf April 19, 2019 - Bank Holding Company Supervision Manual, February 2019 - The Bank Holding Company Supervision Manual provides guidance for conducting inspections of bank holding companies and their nonbank subsidiaries. www.federalreserve.gov/publications/supervision_bhc.htm April 19, 2019 - Indicative Forward-Looking SOFR Term Rates - Erik Heitfield and Yang-Ho Park - This note presents indicative forward-looking term rates derived from end-of-day SOFR futures prices. www.federalreserve.gov/econres/notes/feds-notes/indicative-forward-looking-sofr-term-rates-20190419.htm April 18, 2018 - Agencies Seek Comments on Revisions to the Supplementary Leverage Ratio as Required by Economic Growth, Regulatory Relief, and Consumer Protection Act www.occ.gov/news-issuances/news-releases/2019/nr-ia-2019-39.html ______________________ April 18, 2019 - St. Louis Fed Welcomes New Members to Community Development Advisory Council - The Federal Reserve Bank of St. Louis appointed six new members to its Community Development Advisory Council, which twice a year meets to inform St. Louis Fed President James Bullard and Community Development staff about relevant issues and development efforts in the Eight Federal Reserve District. www.stlouisfed.org/news-releases/2019/04/18/st-louis-fed-welcomes-new-members-to-community-development-advisory-council April 18, 2019 - Payment Systems - Daylight Overdrafts and Fees data update. www.federalreserve.gov/paymentsystems/psr_data.htm April 18, 2019 - Advanced Notice of a Meeting under Expedited Procedures - A closed meeting of the Board of Governors of the Federal Reserve System will be held under expedited procedures at 11:30 a.m. on April 22, 2019. Matter(s) considered: Review and determination by the Board of Governors of the advance and discount rates to be charged by the Federal Reserve Banks. www.federalreserve.gov/aboutthefed/boardmeetings/20190422closed.htm April 18, 2019 - Federal Reserve Board announces termination of enforcement action with BB&T Corporation. www.federalreserve.gov/newsevents/pressreleases/enforcement20190418a.htm April 18, 2019 - NCUA - CDRLF Grant Round Opens June 2 - NCUA Will Award $2 Million for Underserved Outreach, Digital Services, Counselor Certification, and Training. � Low-income credit unions interested in Community Development Revolving Loan Fund grants can submit applications between June 2 and July 20. www.ncua.gov/newsroom/press-release/2019/cdrlf-grant-round-opens-june-2 April 18, 2019 - NCUA - Board Seeks Comments on Compensation Related to Lending - The National Credit Union Administration Board held its fourth open meeting of 2019 at the agency�s headquarters today and unanimously approved one item: www.ncua.gov/newsroom/press-release/2019/board-seeks-comments-compensation-related-lending April 17, 2019 - Emerging Trends in the U.S. and Colorado Economies - By Alison Felix Economist and Branch Executive Federal Reserve Bank of Kansas City Denver Branch. www.kansascityfed.org/~/media/files/publicat/speeches/2019/2019-felix-csu-04-17.pdf April 17, 2019 - U.S. Economic Outlook By George A. Kahn Vice President and Economist. www.kansascityfed.org/~/media/files/publicat/speeches/2019/2019-kahn_ftcoleconform-04-17.pdf April 17, 2019 - Survey Shows Revenues and Hiring Strong for Small Firms in 2018 - The 12 Federal Reserve Banks issued the Small Business Credit Survey: 2019 Report on Employer Firms, which examines the results of an annual survey of small business owners nationwide. www.stlouisfed.org/news-releases/2019/04/17/survey-shows-revenues-and-hiring-strong-for-small-firms-in-2018 April 17, 2019 - Chicago Fed Survey of Business Conditions Shows Steady Growth in Late February and March - The Chicago Fed Survey of Business Conditions Activity Index edged down to -20 from -17, suggesting that growth in economic activity remained at a modest pace in late February and March. www.chicagofed.org/~/media/publications/cfsbc/2019/cfsbc-april2019-pdf.pdf April 17, 2019 - NCUA Board Chairman J. Mark McWatters Statement on the NCUA Budget Hearing for the Public and Stakeholders. www.ncua.gov/newsroom/speech/2018/ncua-board-chairman-j-mark-mcwatters-statement-ncua-budget-hearing-public-and-stakeholders April 17, 2019 - Beige Book - Informal review by the Federal Reserve Banks of current economic conditions in their Districts. www.federalreserve.gov/monetarypolicy/beigebook201904.htm April 16, 2019 - Small employer firms say revenues and hiring were stronger for 2018, though 2019 outlook is more tempered - The 12 Federal Reserve Banks today issued the Small Business Credit Survey: 2019 Report on Employer Firms, which examines the findings of an annual survey of small business owners nationwide. www.kansascityfed.org/~/media/files/publicat/newsroom/2019/sbcs_kc%20releasev2.pdf April 16, 2019 - St. Louis Fed Annual Report: Go Figure with FRED - Have you met FRED? Federal Reserve Economic Data (FRED) helps people understand how to use economic data, examine that data critically and make use of it in their lives. www.stlouisfed.org/news-releases/2019/04/16/st-louis-fed-2018-annual-report-go-figure-with-fred April 16, 2019 - An Open Board meeting of the Board of Governors of the Federal Reserve System will be held at 1:30 p.m. on April 23, 2019. Matter(s) considered: Proposal to Revise the Board's Control Rules. www.federalreserve.gov/aboutthefed/boardmeetings/20190423open.htm April 16, 2019 - The Marginal Effect of Government Mortgage Guarantees on Homeownership - Serafin J. Grundl and You Suk Kim - The U.S. government guarantees a majority of residential mortgages, which is often justified as a means to promote homeownership. www.federalreserve.gov/econres/feds/2019.htm#2019027 April 16, 2019 - Industrial Production and Capacity Utilization - G.17 - Industrial production edged down 0.1 percent in March after edging up 0.1 percent in February; for the first quarter as a whole, the index slipped 0.3 percent at an annual rate. Manufacturing production was unchanged in March after declining in both January and February. www.federalreserve.gov/releases/g17/Current/default.htm April 16, 2019 - Agencies invite comment on modifications to resolution plan requirements; proposal keeps existing requirements for largest firms and reduces requirements for firms with less risk - The Federal Reserve Board and the Federal Deposit Insurance Corporation on Tuesday invited public comment on a proposal modifying their resolution plan requirements for large banking firms. Press Release: www.federalreserve.gov/newsevents/pressreleases/bcreg20190416a.htm Press Release: www.fdic.gov/news/news/press/2019/pr19034.html April 16, 2019 - Minutes of the Board's discount rate meetings from February 25 through March 20, 2019. www.federalreserve.gov/newsevents/pressreleases/monetary20190416a.htm April 16, 2019 - Federal Reserve Board issues enforcement action with Princeton Capital Holdings LLC, Princeton Capital LLC, and Princap Holdings One LLC. www.federalreserve.gov/newsevents/pressreleases/enforcement20190416a.htm April 15, 2019 - Fed's Evans Discusses Monetary Policy at the NYABE Economic Luncheon A speech presented April 15, 2019, at the New York Association of Business Economists Economic Luncheon in New York, NY. www.chicagofed.org/publications/speeches/2019/risk-management-and-the-credibility-of-monetary-policy April 15, 2019 - Aaron S. Burkes Joins St. Louis Fed�s Transportation Industry Council - Aaron S. Burkes of Bentonville, Ark., has been named to the Transportation Industry Council of the Federal Reserve Bank of St. Louis. Burkes is the CEO of the Northwest Arkansas Regional Airport Authority. www.stlouisfed.org/news-releases/2019/04/12/aaron-s-burkes-joins-st-louis-fed-transportation-industry-council April 15, 2019 - Assessing Macroeconomic Tail Risk - Francesca Loria, Christian Matthes, and Donghai Zhang - What drives macroeconomic tail risk? To answer this question, we borrow a definition of macroeconomic risk from Adrian et al. by studying percentiles of the forecast distribution of GDP growth. www.federalreserve.gov/econres/feds/files/2019026pap.pdf April 15, 2019 - Federal Reserve fines UniCredit $158 million for firm's unsafe and unsound practices related to inadequate sanctions controls and supervision of subsidiary banks. www.federalreserve.gov/newsevents/pressreleases/enforcement20190415a.htm April 12, 2019 - FRB/US dataset update - The main FRB/US model package is a self-contained set of equations, data, programs and documentation that enables various types of simulations and provides information about the model's structure. www.federalreserve.gov/econres/us-models-package.htm April 12, 2019 - Information in Yield Spread Trades - Using positions data on bond futures, I document that speculators' spread trades contain private information about future economic activities and asset prices. www.federalreserve.gov/econres/feds/files/2019025pap.pdf April 12, 2019 - Credit and Liquidity Programs and the Balance Sheet - Recent balance sheet trends, weekly chart update. www.federalreserve.gov/monetarypolicy/bst_recenttrends.htm April 12, 2019 - Federal Reserve Board publishes transcripts of more than 50 interviews with former policymakers and former senior staff that chronicle nearly half a century of Federal Reserve history. www.federalreserve.gov/newsevents/pressreleases/other20190412a.htm April 11, 2019 - Speech by Governor Bowman on community banking in the age of innovation At the "Fed Family" Luncheon at the Federal Reserve Bank of San Francisco, San Francisco, California. www.federalreserve.gov/newsevents/speech/bowman20190411a.htm _____________________ April 11, 2019 - OCC Hosts Risk Governance and Credit Risk Workshops in Pittsburgh - The Office of the Comptroller of the Currency will host two workshops at the Hotel Indigo Pittsburgh East Liberty in Pittsburgh, May 21-22, for directors of national community banks and federal savings associations supervised by the OCC. www.occ.gov/news-issuances/news-releases/2019/nr-occ-2019-38.html April 11, 2019 - St. Louis Fed's Bullard Discusses Successful Normalization, With Challenges Ahead - Federal Reserve Bank of St. Louis President James Bullard discussed �A Successful Normalization, With Challenges Ahead� on Thursday in a presentation at the Community Development Foundation of Tupelo. www.stlouisfed.org/news-releases/2019/04/11/bullard-normalization-challenges-ahead April 11, 2019 - Interagency Examination Procedures for Regulation X - This CA Letter republishes interagency examination procedures for Regulation X � Real Estate Settlement Procedures Act for procedural reasons, without any change. Specifically: www.federalreserve.gov/supervisionreg/caletters/caltr1908.htm April 11, 2019 - Revised Interagency Examination Procedures for Regulation Z - The Task Force on Consumer Compliance of the Federal Financial Institutions Examination Council recently developed the attached interagency examination procedures for Regulation Z � Truth in Lending.These revised examination procedures supersede the Regulation Z examination procedures transmitted with CA Letter 18-3.1 www.federalreserve.gov/supervisionreg/caletters/caltr1907.htm April 11, 2019 - Revised Interagency Examination Procedures for Regulation E - The Task Force on Consumer Compliance of the Federal Financial Institutions Examination Council recently developed the attached interagency examination procedures for Regulation E � Electronic Fund Transfers. These revised examination procedures supersede the Regulation E examination procedures transmitted with CA Letter 13-17. www.federalreserve.gov/supervisionreg/caletters/caltr1906.htm April 11, 2019 - Speech by Vice Chair Clarida on the U.S. economic outlook and monetary policy At the Washington Policy Summit sponsored by Institute of International Finance, Washington, D.C. www.federalreserve.gov/newsevents/speech/clarida20190411a.htm April 10, 2019 - Home Mortgage Disclosure Act: Revised Interagency Examination Procedures - The examination procedures were developed by members of the Federal Financial Institutions Examination Council. www.occ.treas.gov/news-issuances/bulletins/2019/bulletin-2019-19.html April 10, 2019 - Remarks by Vice Chair for Supervision Quarles on progress on the transition to risk-free rates Vice Chair for Supervision and Chair of the Financial Stability Board At the Financial Stability Board Roundtable on Reforming Major Interest Rate Benchmarks, Washington, D.C. www.federalreserve.gov/newsevents/speech/quarles20190410a.htm April 10, 2019 - Minutes of the Federal Open Market Committee, March 19-20, 2019 - A summary of economic projections made by Federal Reserve Board members and Reserve Bank presidents for the meeting is also included as an addendum to these minutes. www.federalreserve.gov/newsevents/pressreleases/monetary20190410a.htm April 10, 2019 - NCUA - Board Re-Schedules May Meetings - Both meetings are now scheduled for Thursday, May 23. www.ncua.gov/newsroom/press-release/2019/board-re-schedules-may-meetings April 9, 2019 - Jay Gallagher and Gary Kuhlmann Named Senior National Bank Examiners - The Senior National Bank Examiner designation recognizes examiners who have distinguished themselves through high-quality performance and service as field examiners, subject matter experts, and advisers on highly complex and technical bank supervision issues. www.occ.gov/news-issuances/news-releases/2019/nr-occ-2019-37.html April 9, 2019 - Federal Reserve Bank of Kansas City to launch ninth annual Investment Connection series - The initiative facilitates connections between nonprofits and financial institutions, foundations and government agencies to foster economic and community development. www.kansascityfed.org/~/media/files/publicat/newsroom/2019/newsreleaseforinvestment_connection2019_final.pdf April 9, 2019 - U.S., European Banking Union, and UK Officials Meet for Planned Coordination Exercise on Cross-Border Resolution Planning - Senior officials representing resolution, regulatory and supervisory authorities, central banks, and finance ministries in the United States, the United Kingdom, and the European Banking Union will hold a meeting on Saturday, April 13, as part of a series of planned exercises to enhance understanding of one another's resolution regimes for global systemically important banks and strengthen coordination on cross-border resolution. www.fdic.gov/news/news/press/2019/pr19033.html April 9, 2019 - Estimating System Demand for Reserve Balances Using the 2018 Senior Financial Officer Survey - Thomas Keating, Francis Martinez, Luke Pettit, Marcelo Rezende, Mary-Frances Styczynski, and Alex Thorp - Private sector analysts and researchers have produced a wide range of estimates of the banking system's demand for reserve balances post-crisis, but one feature common to all estimates is a level of reserve demand significantly above pre-crisis levels and below holdings observed over the last five years. www.federalreserve.gov/econres/notes/feds-notes/estimating-system-demand-for-reserve-balances-using-the-2018-senior-financial-officer-survey-20190409.htm April 9, 2019 - Federal Reserve Board fines Standard Chartered $164 million for firm's unsafe and unsound practices relating to inadequate sanctions controls and failure to disclose sanctions risks to the Federal Reserve. www.federalreserve.gov/newsevents/pressreleases/enforcement20190409a.htm April 8, 2019 - NCUA - President Trump Designates Rodney E. Hood as Chairman of the NCUA Board - Today, as his last official action as Chairman of the Board, J. Mark McWatters administered the oath of office to Mr. Hood, at the NCUA headquarters. www.ncua.gov/newsroom/press-release/2019/president-trump-designates-rodney-e-hood-chairman-ncua-board April 8, 2019 - NCUA - Harper Sworn in as NCUA Board Member - The Honorable Todd M. Harper took the oath of office today and joined the National Credit Union Administration as its 23rd Board member. www.ncua.gov/newsroom/press-release/2019/harper-sworn-ncua-board-member April 8, 2019 - Regulatory Capital Rule: Notice of Proposed Rulemaking - The Office of the Comptroller of the Currency, the Board of Governors of the Federal Reserve System, and the Federal Deposit Insurance Corporation are issuing a notice of proposed rulemaking that would be applicable to advanced approaches banking organizations. www.occ.treas.gov/news-issuances/bulletins/2019/bulletin-2019-18.html April 8, 2019 - How does the strength of monetary policy transmission depend on real economic activity? -Horacio Sapriza and Judit Temesvary - Abstract: We study the relationship between the strength of the bank credit channel of monetary policy and real GDP growth in the United States using quarterly commercial bank level data between 1986 and 2008. www.federalreserve.gov/econres/feds/files/2019023pap.pdf April 8, 2019 - Federal Reserve Board invites public comment on regulatory framework that would more closely match rules for foreign banks with the risks they pose to U.S. financial system. The changes would maintain the most stringent requirements for firms with the most risk, while reducing compliance requirements for firms with less risk. www.federalreserve.gov/newsevents/pressreleases/bcreg20190408a.htm April 8, 2019 - Federal Reserve Board accepting applications for its Community Advisory Council - The CAC was formed in 2015. It advises the Board on issues affecting consumers and communities and complements two of the Board's other advisory councils whose members represent depository institutions--the Federal Advisory Council and the Community Depository Institutions Advisory Council. www.federalreserve.gov/newsevents/pressreleases/other20190408a.htm April 5, 2019 - NCUA Marks National Financial Capability Month - The National Credit Union Administration will promote consumer financial preparedness during the Financial Literacy and Education Commission�s National Financial Capability Month campaign. www.ncua.gov/newsroom/press-release/2019/ncua-marks-national-financial-capability-month April 5, 2019 - FDIC Issues List of Banks Examined for CRA Compliance - The list covers evaluation ratings that the FDIC assigned to institutions in January 2019. www.fdic.gov/news/news/press/2019/pr19032.html April 5, 2019 - Statistical Release - Consumer Credit - G.19 - In February, consumer credit increased at a seasonally adjusted annual rate of 4-1/2 percent. Revolving credit increased at an annual rate of 3-1/4 percent, while nonrevolving credit increased at an annual rate of 5 percent. www.federalreserve.gov/releases/g19/current/default.htm April 5, 2019 - FOIA - Chair Powell's calendar, February 2019. www.federalreserve.gov/foia/chairman-powell-calendar-022019.htm April 5, 2019 - Credit and Liquidity Programs and the Balance Sheet - Recent balance sheet trends, weekly chart update. www.federalreserve.gov/monetarypolicy/bst_recenttrends.htm April 4, 2019 - FDIC Podcasts Chronicle Causes, Responses to Financial Crisis - The FDIC today released a series of podcasts featuring discussions about Crisis and Response: An FDIC History, 2008�2013, the agency's study of the banking and financial crisis. www.fdic.gov/news/news/press/2019/pr19031.html April 4, 2019 - Legal Interpretations - Bank Holding Company Act, February 26, 2019. www.federalreserve.gov/supervisionreg/legalinterpretations/bhc_changeincontrol2019.htm __________________ April 3, 2019 - Current Expected Credit Losses: Additional and Updated Interagency Frequently Asked Questions on the New Accounting Standard on Financial Instruments�Credit Losses. www.occ.treas.gov/news-issuances/bulletins/2019/bulletin-2019-17.html April 3, 2019 - Frequently Asked Questions on the Current Expected Credit Losses Methodology - The Federal Reserve, the Federal Deposit Insurance Corporation, the National Credit Union Administration, and the Office of the Comptroller of the Currency are issuing additional frequently asked questions to aid institutions in their implementation of the new accounting standard for credit losses recently issued by the Financial Accounting Standards Board www.federalreserve.gov/supervisionreg/srletters/sr1908.htm. April 3, 2019 - Federal Reserve Board announces changes to its Payment System Risk Policy regarding intraday credit to U.S. branches and agencies of foreign banking organizations - The changes are intended to refine the methods for determining the level of intraday credit that these branches and agencies can receive from the Federal Reserve Banks. www.federalreserve.gov/newsevents/pressreleases/other20190403a.htm April 2, 2019 - NCUA - Registration Open for CURE Initiatives Webinar - Online registration is open for an April 24 webinar discussing programs and initiatives the National Credit Union Administration�s Office of Credit Union Resources and Expansion has planned for 2019. www.ncua.gov/newsroom/press-release/2019/registration-open-cure-initiatives-webinar April 2, 2019 - OCC Releases CRA Evaluations for 25 National Banks and Federal Savings Associations - The Office of the Comptroller of the Currency today released a list of Community Reinvestment Act performance evaluations that became public during the period of March 1, 2019 through March 31, 2019. www.occ.gov/news-issuances/news-releases/2019/nr-occ-2019-36.html April 2, 2019 - OCC Honors Veterans with New Lapel Pin - The Office of the Comptroller of the Currency recently recognized agency employees who are veterans with a new lapel pin honoring their service. www.occ.gov/news-issuances/news-releases/2019/nr-occ-2019-35.html April 2, 2019 - Technology Service Provider Contracts - The attached document describes examiner observations about gaps in financial institutions' contracts with technology service providers that may require financial institutions to take additional steps to manage their own business continuity and incident response. www.fdic.gov/news/news/financial/2019/fil19019.html April 2, 2019 - Regulatory Capital Rule: Regulatory Capital Treatment for Investments in Certain Unsecured Debt Instruments of Global Systemically Important U.S. Bank Holding Companies, Certain Intermediate Holding Companies, and Global Systemically Important Foreign Banking Organizations www.fdic.gov/news/news/financial/2019/fil19018.html April 2, 2019 - Current Expected Credit Losses Webinar: Weighted-Average Remaining Maturity Method - The federal financial institution regulatory agencies will host an interagency webinar focusing on the application of the Weighted-Average Remaining Maturity method for estimating allowances for credit losses in accordance with Accounting Standards Update No. 2016 13, Financial Instruments�Credit Losses: Measurement of Credit Losses on Financial Instruments. www.fdic.gov/news/news/financial/2019/fil19017.html April 2, 2019 - Marketplace Lending and Consumer Credit Outcomes: Evidence from Prosper - Tim Dore and Traci Mach - In 2005, Prosper launched the first peer-to-peer lending website in the US, allowing for consumers to apply for and receive loans entirely online. www.federalreserve.gov/econres/feds/2019.htm#2019022 April 2, 2019 - Speech by Vice Chair for Supervision Quarles on the Financial Stability Board: beyond the fog of battle At the 2019 European Bank Executive Committee Forum "The Future of Banking: The Human Factor," Brussels, Belgium www.federalreserve.gov/newsevents/speech/quarles20190402a.htm April 2, 2019 - Agencies propose rule to limit impact of large bank failures - The federal banking agencies on Tuesday proposed a rule to limit the interconnectedness of large banking organizations and reduce the impact from failure of the largest banking organizations. The proposal would complement other measures that the banking agencies have taken to limit interconnectedness among large banking organizations. Press Release: www.federalreserve.gov/newsevents/pressreleases/bcreg20190402a.htm Press Release: www.fdic.gov/news/news/press/2019/pr19030.html Press Release: www.occ.gov/news-issuances/news-releases/2019/nr-ia-2019-34.html April 1, 2019 - CFPB Director Kraninger Becomes FFIEC Chairman - Her two-year term runs from April 1, 2019, through March 31, 2021. www.ncua.gov/newsroom/press-release/2019/cfpb-director-kraninger-becomes-ffiec-chairman April 1, 2019 - Maryann Kennedy Named Senior Deputy Comptroller for Large Bank Supervision - In this role, Ms. Kennedy will direct nearly 800 men and women who supervise the country�s largest national banks and federal branches and agencies, which hold more than $10 trillion in total consolidated assets. www.occ.gov/news-issuances/news-releases/2019/nr-occ-2019-33.html April 1, 2019 - St. Louis Fed Earns Top Marks in 2019 Corporate Equality Index - The inclusive culture at the St. Louis Fed has been recognized for the third year in a row. The Human Rights Campaign Foundation honored the Federal Reserve Bank of St. Louis as a Best Place to Work for LGBTQ Equality. www.stlouisfed.org/news-releases/2019/04/01/st-louis-fed-earns-top-marks-in-2019-corporate-equality-index April 1, 2019 - Housing Market Perspectives Looks into Generation Shift from Renting to Buying - Getting off to a slow start financially may translate into more difficulty of attaining goals like buying that first house for many millennials. Most U.S. households headed by someone under 35 are renters. www.stlouisfed.org/news-releases/2019/04/01/housing-market-perspectives-looks-into-generation-shift-from-renting-to-buying April 1, 2019 - The Federal Financial Institutions Examination Council announced today the appointment of John Ducrest, Commissioner of the Louisiana Office of Financial Institutions, and Steve Pleger, Senior Deputy Commissioner for the Georgia Department of Banking and Finance, to its State Liaison Committee. www.ffiec.gov/press/pr040119_SLC.htm April 1, 2019 - Consumer Financial Protection Bureau Director Kathleen L. Kraninger today becomes the Chairman of the Federal Financial Institutions Examination Council. www.ffiec.gov/press/pr040119.htm April 1, 2019 - FFIEC A Guide to HMDA Reporting: Getting It Right! for 2019 HMDA Data and Updated HMDA Examination Procedures - The Federal Financial Institutions Examination Council has issued A Guide to HMDA Reporting: Getting It Right! for data collected in 2019 and reported in 2020 and updated interagency HMDA examination procedures. www.fdic.gov/news/news/financial/2019/fil19016.html April 1, 2019 - FDIC Hosts Webinar for Financial Capability Month - In recognition of Financial Capability Month, the FDIC will host a webinar on April 17 to help organizations learn how to use Money Smart tools. www.fdic.gov/news/news/press/2019/pr19029.html April 1, 2019 - FDIC Hosts Fintech and the Future of Banking Conference in Arlington, Virginia - The Federal Deposit Insurance Corporation and Duke University's Fuqua School of Business and Innovation and Entrepreneurship Initiative will host the Fintech and the Future of Banking conference on Wednesday, April 24, 2019. www.fdic.gov/news/news/press/2019/pr19028.html |
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