The E-mail Banking News
(Bank Regulatory News)
April 2021

April 29, 2021 - FDiTech to Host Virtual “Office Hours” on Banking-Related Innovation - The Federal Deposit Insurance Corporation today announced that it will host a series of virtual ‘office hours’ to hear directly from a range of stakeholders regarding current and evolving technological innovations in the business of banking. www.fdic.gov/news/press-releases/2021/pr21037.html

April 29, 2021 - Structure and Share Data for U.S. Banking Offices of Foreign Entities - There are two reports showing the same structure and asset information for each U.S. office, but in different orders. Offices located in Puerto Rico, American Samoa, Guam, the Virgin Islands and other U.S.-affiliated insular areas are excluded. www.federalreserve.gov/releases/IBA/
 
April 29, 2021 - Federal Reserve Board issues enforcement actions with former employee of Barclays Bank PLC and former employee of Texas Community Bank.   www.federalreserve.gov/newsevents/pressreleases/enforcement20210429a.htm 

April 28, 2021 - Federal Reserve issues FOMC statement - 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. www.federalreserve.gov/newsevents/pressreleases/monetary20210428a.htm

April 27, 2021 - The Increasing Importance of Services Expenditures and the Dampening Effect on Global Trade - By Logan T. Lewis , Ryan Monarch , Michael Sposi , Jing Zhang , Caroline Beetz Fenske - Globalization, particularly through international trade in goods, has helped to foster the creation of tremendous amounts of wealth and prosperity across much of the globe while lifting sizable portions of the world’s population out of poverty. www.chicagofed.org/publications/chicago-fed-letter/2021/456

April 27, 2021 - Money Stock Measures - H.6 Release - The H.6 release, published monthly, provides measures of the monetary aggregates (M1 and M2) and their components. www.federalreserve.gov/releases/h6/about.htm

April 23, 2021 - OCC Conditionally Approves Chartering of Paxos National Trust - The Office of the Comptroller of the Currency today announced preliminary conditional approval of the application to charter Paxos National Trust, New York. www.occ.gov/news-issuances/news-releases/2021/nr-occ-2021-49.html

April 23, 2021 - Tenth District Services Activity Continued to Rise - Tenth District services activity continued to rise from a month ago and a year ago, and activity was expected to increase further over the next six months. www.kansascityfed.org/newsroom/2021-news-releases/tenth-district-services-activity-continued-to-rise/

April 23, 2021 - Credit and Liquidity Programs and the Balance Sheet - Recent balance sheet trends, weekly chart update. www.federalreserve.gov/monetarypolicy/bst_recenttrends.htm

April 23, 2021 - Supervision Manual - A User's Guide for the Bank Holding Company Performance Report, December 2020.   www.federalreserve.gov/publications/files/_A_Users_Guide_for_the_Bank_Holding_Company_Performance_Report_Final.pdf

April 22, 2021 - Tenth District Manufacturing Activity Expanded Further - Tenth District manufacturing activity expanded further with the highest monthly composite reading in survey history. www.kansascityfed.org/surveys/manufacturing-survey/tenth-district-manufacturing-activity-expanded-further/

April 22, 2021 - FDIC Issues Proposed Rule Regarding False Advertising, Misrepresentations About Insured Status, and Misuse of the FDIC’s Name or Logo - This statutory authority allows the FDIC to bring formal enforcement actions, such as cease and desist orders or civil money penalties, against individuals or entities for violations. www.fdic.gov/news/press-releases/2021/pr21035.html

April 22, 2021 - NCUA Board Briefed on Emerging Cybersecurity Threats, PCA Relief Measures - The COVID-19 pandemic has increased cybersecurity vulnerabilities for federally insured credit unions and financial services market participants, which remain a target for hackers and thieves. https://www.ncua.gov/newsroom/press-release/2021/ncua-board-briefed-emerging-cybersecurity-threats-pca-relief-measures 

April 22, 2021 - Vice Chairman Kyle S. Hauptman Statement Following the Staff Briefing on Interim Final Rule, Part 702, Capital Adequacy, Prompt Corrective Action.   www.ncua.gov/newsroom/speech/2021/vice-chairman-kyle-s-hauptman-statement-following-staff-briefing-interim-final-rule-part-702-capital

April 22, 2021 - NCUA Chairman Todd M. Harper Statement on the Renewal of Prompt Correction Action Relief Measures.  www.ncua.gov/newsroom/speech/2021/ncua-chairman-todd-m-harper-statement-renewal-prompt-correction-action-relief-measures

April 22, 2021 - Vice Chairman Kyle S. Hauptman Statement Following the Staff Briefing on Cybersecurity Current Events and Trends.  www.ncua.gov/newsroom/speech/2021/vice-chairman-kyle-s-hauptman-statement-following-staff-briefing-cybersecurity-current-events-and

April 22, 2021 - NCUA Chairman Todd M. Harper Statement on Cybersecurity Preparedness and Trends Briefing.  www.ncua.gov/newsroom/speech/2021/ncua-chairman-todd-m-harper-statement-cybersecurity-preparedness-and-trends-briefing

April 22, 2021 - Federal Reserve Board issues enforcement actions with The Yellowstone Bank and Iowa Prairie Bank.  www.federalreserve.gov/newsevents/pressreleases/enforcement20210422a.htm

April 22, 2021 - Agencies invite comment on proposed rule for income tax allocation agreements - Under the proposed rule, banks that file tax returns as part of a consolidated tax filing group would be required to enter into tax allocation agreements with their holding companies and other members of their consolidated group.
Press Release: www.federalreserve.gov/newsevents/pressreleases/bcreg20210422a.htm
Press Release: www.fdic.gov/news/press-releases/2021/pr21036.html
Press Release: www.occ.gov/news-issuances/news-releases/2021/nr-ia-2021-39.html
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April 22, 2021 - Chicago Fed Survey of Business Conditions - The Chicago Fed Survey of Business Conditions Activity Index increased to +25 in March from �6 in February, suggesting
that economic growth was well above trend. www.chicagofed.org/~/media/publications/cfsbc/2021/cfsbc-april2021-pdf.pdf

April 22, 2021 - Chicago Fed National Activity Index Suggests Economic Growth Rebounded in March - All four broad categories of indicators used to construct the index made positive contributions in March, and all four categories improved from February. www.chicagofed.org/~/media/publications/cfnai/2021/cfnai-april2021-pdf.pdf

April 21, 2021 - Regulatory Reform - Communications with the public through April 21, 2021 - The Federal Reserve Board will be involved in many rulemakings to implement the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010. www.federalreserve.gov/regreform/communications-with-public.htm

April 21, 2021 - Payment Systems - Currency & Coin Services, quarterly data.  www.federalreserve.gov/paymentsystems/coin_data.htm

April 20, 2021 - OCC Releases CRA Evaluations for 15 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, 2021 through March 31, 2021. www.occ.gov/news-issuances/news-releases/2021/nr-occ-2021-47.html

April 20, 2021 - Legal Interpretations - Bank Holding Company Act, March 31. www.federalreserve.gov/supervisionreg/legalinterpretations/bhc_changeincontrol2021.htm

April 19, 2021 - Board of Governors seeking applicants for Community Advisory Council - Founded in 2015, the CAC is made up of a diverse group of experts and representatives of consumer and community development organizations. www.kansascityfed.org/community/community-connections/BOG-seeks-CAC-applicants-2021/

April 19, 2021 - St. Louis Fed's Economic Database FRED Turns 30 - The St. Louis Fed�s free economic database has been a signature offering since its inception in 1991. www.stlouisfed.org/news-releases/2021/04/st-louis-feds-economic-database-fred-turns-30

April 19, 2021 - Credit Risk: Termination of Portfolio Stress Test Tool for Income-Producing Commercial Real Estate - Effective immediately, the Office of the Comptroller of the Currency has terminated its Portfolio Stress Test Tool for Income-Producing Commercial Real Estate on BankNet. www.occ.treas.gov/news-issuances/bulletins/2021/bulletin-2021-21.html

April 19, 2021 - Rural Residents Get Housing Help - Investment Connection, a program of the Kansas City Fed, is playing a role in helping southwest Colorado residents get a boost in homeownership opportunities. www.kansascityfed.org/community/community-connections/rural-residents-get-housing-help/

April 19, 2021 - SUNY-Geneseo Wins FDIC�s Inaugural Academic Challenge - The Federal Deposit Insurance Corporation today announced a four-member team of undergraduate students from the State University of New York College at Geneseo won the agency�s inaugural FDIC Academic Challenge, a competition among university and college students concerning the U.S. banking sector. www.fdic.gov/news/press-releases/2021/pr21034.html

April 16, 2021 - Labor Reallocation During the Covid-19 Pandemic By Daniel Aaronson , Riley Lewers , Daniel G. Sullivan - The Covid-19 pandemic and associated recession have had dramatically different effects across industries, with some, including large parts of the leisure and hospitality sector, truly devastated and others, like much of the manufacturing sector, able to recover quite quickly. www.chicagofed.org/publications/chicago-fed-letter/2021/455

April 16, 2021 - NCUA Board Renews Prompt Corrective Action Relief - The National Credit Union Administration Board approved, by notation vote, an interim final rule(opens new window) that temporarily modifies certain regulatory requirements to help ensure federally insured credit unions remain operational and able to provide needed financial services during the COVID-19 pandemic. www.ncua.gov/newsroom/press-release/2021/ncua-board-renews-prompt-corrective-action-relief

April 16, 2021 - Bank Borrowings by Asset Managers Evidence from US Open-End Mutual Funds and Exchange-Traded Funds - Fang Cai and Chaehee Shin - Open-end mutual funds and exchange-traded funds engage in liquidity transformation by offering daily redemptions to investors, notwithstanding the liquidity profile of funds' underlying assets. www.federalreserve.gov/econres/notes/feds-notes/bank-borrowings-by-asset-managers-evidence-from-us-open-end-mutual-funds-and-exchange-traded-funds-20210416.htm

April 16, 2021 - Uptake of the Main Street Lending Program - Falk Br�uning and Teodora Paligorova - The Main Street Lending Program was one of several new credit facilities launched by the Federal Reserve and the U.S. Department of the Treasury in response to the COVID-19 pandemic. www.federalreserve.gov/econres/notes/feds-notes/uptake-of-the-main-street-lending-program-20210416.htm

April 16, 2021 - Credit and Liquidity Programs and the Balance Sheet - Recent balance sheet trends, weekly chart update. www.federalreserve.gov/monetarypolicy/bst_recenttrends.htm

April 15, 2021 - Deputy Comptroller for Market Risk Policy Testifies on LIBOR Transition - Deputy Comptroller for Market Risk Policy Kevin Walsh today testified during a hearing before the U.S. House Financial Services Subcommittee on Investor Protection, Entrepreneurship and Capital Markets regarding the upcoming cessation of the London Interbank Offered Rates. www.occ.gov/news-issuances/news-releases/2021/nr-occ-2021-46.html

April 15, 2021 - Business Exit During the COVID-19 Pandemic: Non-Traditional Measures in Historical Context - Leland D. Crane, Ryan A. Decker, Aaron Flaaen, Adrian Hamins-Puertolas, and Christopher Kurz - Lags in official data releases have forced economists and policymakers to leverage "alternative" or "non-traditional" data to measure business exit resulting from the COVID- 19 pandemic. www.federalreserve.gov/econres/feds/business-exit-during-the-covid-19-pandemic.htm

April 15, 2021 - The End of LIBOR: Transitioning to an Alternative Interest Rate Calculation for Mortgages, Student Loans, Business Borrowing, and Other Financial Products Before the Subcommittee on Investor Protection, Entrepreneurship, and Capital Markets, Committee on Financial Services, U.S. House of Representatives, Washington, D.C. www.federalreserve.gov/newsevents/testimony/vanderweide20210415a.htm

April 15, 2021 - NCUA - 2021 CDRLF Grant Round Opens May 3 - Low-income-designated credit unions seeking Community Development Revolving Loan Fund grants in 2021 will be able to apply between May 3 and June 26, the National Credit Union Administration announced today. www.ncua.gov/newsroom/press-release/2021/2021-cdrlf-grant-round-opens-may-3
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April 9, 2021 - Federal Disability Discrimination Law Does Not Require Websites Be Accessible, Appeals Court Holds - A website is not a �place of public accommodation� and an inaccessible website is not necessarily equal to the denial of goods or services, a federal appeals court has held in a groundbreaking decision on disability discrimination under Title III of the Americans with Disabilities Act (ADA). https://www.jacksonlewis.com/publication/federal-disability-discrimination-law-does-not-require-websites-be-accessible-appeals-court-holds

April 15, 2021 - Allowances for Credit Losses: New Comptroller�s Handbook Booklet - The Office of the Comptroller of the Currency today issued the new �Allowances for Credit Losses� booklet of the Comptroller�s Handbook, which is prepared for use by OCC examiners in connection with the examination and supervision of national banks, federal savings associations, and federal branches and agencies of foreign banking organizations. www.occ.treas.gov/news-issuances/bulletins/2021/bulletin-2021-20.html 

April 15, 2021 - OCC Enforcement Actions and Terminations - 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/2021/nr-occ-2021-45.html

April 15, 2021 - Are Contactless Payments Finally Poised for Adoption? - Two types of contactless payments, near-field communication and quick response code, have seen a boost from the COVID-19 pandemic. www.kansascityfed.org/research/payments-system-research-briefings/are-contactless-payments-finally-poised-for-adoption/

April 15, 2021 - Federal Reserve Bank of San Francisco Launches Search for New Bank First Vice President and COO - The first vice president and chief operating officer is integral to the Bank�s pursuit of its vision to be a premier public service organization, and its commitment to reflect and serve every person and community across the Twelfth District. www.frbsf.org/our-district/press/news-releases/2021/search-for-new-first-vice-president-and-coo/

April 15, 2021 - Little Rock Op-ed Draws Attention to Financial Capability - Robert Hopkins, regional executive and senior vice president for the Little Rock Branch of the Federal Reserve Bank of St. Louis, published the editorial �Brighter futures: Why financial capability matters,� April 8, 2021, in The Arkansas Democrat-Gazette. www.stlouisfed.org/news-releases/2021/04/little-rock-oped-draws-attention-to-financial-capability

April 15, 2021 - Louisville Op-ed Draws Attention to Financial Capability - Nikki Lanier, regional executive and senior vice president for the Louisville Branch of the Federal Reserve Bank of St. Louis, published the editorial �The pandemic's impact on education elevates the importance of student's financial literacy,� April 1, 2021, in the Louisville Courier Journal. www.stlouisfed.org/news-releases/2021/04/louisville-oped-draws-attention-to-financial-capability

April 15, 2021 - Memphis Op-ed Draws Attention to Financial Capability - Douglas Scarboro, regional executive and senior vice president for the Memphis Branch of the Federal Reserve Bank of St. Louis, published the editorial �Opinion: Teach kids early how to spend, save and donate,� April 14, 2021, in The Daily Memphian. www.stlouisfed.org/news-releases/2021/04/memphis-oped-draws-attention-to-financial-capability

April 15, 2021 - Industrial Production and Capacity Utilization - G.17 - In March, total industrial production increased 1.4 percent. www.federalreserve.gov/releases/g17/current/default.htm

April 15, 2021 - Testimony by Mark Van Der Weide, General Counsel - The End of LIBOR: Transitioning to an Alternative Interest Rate Calculation for Mortgages, Student Loans, Business Borrowing, and Other Financial Products Before the Subcommittee on Investor Protection, Entrepreneurship, and Capital Markets, Committee on Financial Services, U.S. House of Representatives, Washington, D.C. www.federalreserve.gov/newsevents/testimony/vanderweide20210415a.htm

April 14, 2021 - Farm Lending Remains Muted in Early 2021 - Farm loan demand remained muted at commercial banks in the first quarter of 2021. www.kansascityfed.org/agriculture/agfinance-updates/farm-lending-remains-muted-in-early-2021/

April 14, 2021 - Speech by Vice Chair Richard H. Clarida - The Federal Reserve's New Framework and Outcome-Based Forward Guidance At "SOMC: The Federal Reserve�s New Policy Framework" a forum sponsored by the Manhattan Institute's Shadow Open Market Committee, New York, New York (via webcast).  www.federalreserve.gov/newsevents/speech/clarida20210414a.htm

April 14, 2021 - Beige Book - Informal review by the Federal Reserve Banks of current economic conditions in their Districts. www.federalreserve.gov/monetarypolicy/beigebook202104.htm

April 14, 2021 - Labor Market Effects of the Oxycodone-Heroin Epidemic - David Cho, Daniel I. Garcia, Joshua Montes, and Alison Weingarden - We estimate the causal effects of heroin use on labor market outcomes by proxying for heroin use with prior exposure to oxycodone, the largest of the prescription opioids with a well-documented history of abuse. www.federalreserve.gov/econres/feds/labor-market-effects-of-the-oxycodone-heroin-epidemic.htm

April 14, 2021 - Oil, Equities, and a �Nonbinding� Zero Lower Bound: The Monetary Policy Response to COVID-19 - Deepa D. Datta, Benjamin K. Johannsen, and Robert J. Vigfusson - On March 15, 2020, the Federal Reserve lowered the target range for the federal funds rate to 0 to 1/4 percent. www.federalreserve.gov/econres/notes/feds-notes/oil-equities-and-a-nonbinding-zero-lower-bound-the-monetary-policy-response-to-covid-19-20210414.htm

April 13, 2021 - Some Inflation Scenarios for the American Rescue Plan Act of 2021 By Francesco Bianchi , Jonas D. M. Fisher , Leonardo Melosi - The American Rescue Plan Act signed into law on March 11, 2021, authorized approximately $1.9 trillion in federal government spending. www.chicagofed.org/publications/chicago-fed-letter/2021/453

April 13, 2021 - OCC Designates Four as 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 advisors on highly complex and technical bank supervision issues. www.occ.gov/news-issuances/news-releases/2021/nr-occ-2021-44.html

April 13, 2021 - Minutes of the Board's discount rate meetings from February 8 through March 17, 2021. www.federalreserve.gov/newsevents/pressreleases/monetary20210413a.htm

April 12, 2021 - NCUA - Samuel Schumach Named Deputy Director for External Affairs and Communications - Schumach joins the NCUA from the Federal Aviation Administration, where he served as a legislative affairs officer, responsible for managing legislative affairs and communications for the Office of Commercial Space Transportation. www.ncua.gov/newsroom/press-release/2021/samuel-schumach-named-deputy-director-external-affairs-and-communications

April 12, 2021 - Bank Secrecy Act/Anti-Money Laundering: Interagency Statement on Model Risk Management for Bank Systems Supporting BSA/AML Compliance and Request for Information - The statement addresses how the risk management principles described in the �Supervisory Guidance on Model Risk Management� relate to systems or models used by banks 2 to assist in complying with the requirements of Bank Secrecy Act/anti-money laundering laws and regulations. www.occ.treas.gov/news-issuances/bulletins/2021/bulletin-2021-19.html

April 12, 2021 - FDIC and Duke University�s Pratt School of Engineering Announce Strategic Partnership to Promote Innovation - The Federal Deposit Insurance Corporation and Duke University�s Pratt School of Engineering today announced a strategic partnership to support technological innovation in the banking and financial services sectors. www.fdic.gov/news/press-releases/2021/pr21033.html

April 12, 2021 - Inflation Thresholds and Policy-Rule Inertia: Some Simulation Results - Cristina Fuentes-Albero and John M. Roberts - In August 2020, the Federal Open Market Committee approved a revised Statement on Longer-Run Goals and Monetary Policy Strategy and in the subsequent FOMC meetings, the Committee made material changes to its forward guidance to bring it in line with the new framework. www.federalreserve.gov/econres/notes/feds-notes/inflation-thresholds-and-policy-rule-inertia-some-simulation-results-20210412.htm

April 12, 2021 - Periodic Report: Update on Outstanding Lending Facilities Authorized by the Board under Section 13(3) of the Federal Reserve Act April 9, 2021 - The Board of Governors of the Federal Reserve System is providing the following updates concerning certain lending facilities established by the Board under section 13(3) of the Federal Reserve Act (12 U.S.C. � 343). www.federalreserve.gov/publications/files/pdcf-mmlf-cpff-pmccf-smccf-talf-mlf-ppplf-msnlf-mself-msplf-nonlf-noelf-04-12-21.pdf

April 12, 2021 - Federal Reserve Board accepting applications for its Community Advisory Council - The Federal Reserve Board announced on Monday that it is accepting applications from individuals who wish to be considered for membership on the Community Advisory Council. www.federalreserve.gov/newsevents/pressreleases/other20210412a.htm

April 9, 2021 - The KCFSI suggests financial stress remained low in March - The Kansas City Financial Stress Index suggests financial stress remained low in March and remained below its historical average. www.kansascityfed.org/data-and-trends/kansas-city-financial-stress-index/financial-stress-remained-low-2021-03/

April 9, 2021 - Tenth District Energy Activity Continued to Increase Moderately: First Quarter Energy Survey Results - According to Chad Wilkerson, Oklahoma City Branch executive and economist at the Federal Reserve Bank of Kansas City, the survey revealed that Tenth District energy activity continued to increase moderately. www.kansascityfed.org/newsroom/2021-news-releases/tenth-district-energy-activity-continued-to-increase-moderately/

April 9, 2021 - Interagency Statement on Model Risk Management for Bank Systems Supporting Bank Secrecy Act/Anti-Money Laundering Compliance - The Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, and the Office of the Comptroller of the Currency, are issuing this joint statement to address how the risk management principles described in the �Supervisory Guidance on Model Risk Management� relate to systems or models used by banks to assist in complying with the requirements of Bank Secrecy Act/anti-money laundering laws and regulations. www.federalreserve.gov/supervisionreg/srletters/SR2108.htm

April 9, 2021 - 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 4:00 p.m. on April 13, 2021. Matter(s) considered: Federal Reserve Supervision and Regulation Report (April 2021). www.federalreserve.gov/recentpostings.htm

April 9, 2021 - Credit and Liquidity Programs and the Balance Sheet Recent balance sheet trends, weekly chart update. www.federalreserve.gov/monetarypolicy/bst_recenttrends.htm

April 9, 2021 - Federal Reserve announces approval of application by VeraBank, Inc. - The Federal Reserve Board on Friday announced its approval of the application under section 3 of the Bank Holding Company Act of 1956 by VeraBank, Inc., Henderson, Texas, to acquire 100 percent of the voting shares of Panola National Bank, Carthage, Texas. www.federalreserve.gov/newsevents/pressreleases/orders20210409a.htm

April 9, 2021 - Agencies issue statement and request for information on Bank Secrecy Act/anti-money laundering compliance - The federal banking agencies, in consultation with the Financial Crimes Enforcement Network and the National Credit Union Administration, today issued a joint statement addressing how risk management principles described in the "Supervisory Guidance on Model Risk Management" relate to systems or models used by banks to assist in complying with the requirements of Bank Secrecy Act laws and regulations.
Press Release: www.federalreserve.gov/newsevents/pressreleases/bcreg20210409a.htm
Press Release: www.occ.gov/news-issuances/news-releases/2021/nr-ia-2021-43.html
Press Release: www.fdic.gov/news/press-releases/2021/pr21032.html
Press Release: www.ncua.gov/newsroom/press-release/2021/agencies-issue-statement-and-request-information-bank-secrecy-actanti-money-laundering-compliance

April 8, 2021 - The Evolving Link between Oil Prices and U.S. Consumer Spending - Oil price swings are less likely to yield major changes in consumption, even among lower-income households. www.kansascityfed.org/research/economic-review/the-evolving-link-between-oil-prices-and-us-consumer-spending/

April 8, 2021 - San Francisco Fed explores the future of education in ongoing virtual series, The New Future of Work - https://www.frbsf.org/our-district/press/news-releases/2021/new-future-of-work-education-advance-registration/

April 8, 2021 - FDIC Minority Depository Institutions Subcommittee to Meet - The Federal Deposit Insurance Corporation today announced the agency�s Minority Depository Institutions Subcommittee to the Advisory Committee on Community Banking will hold an open meeting at 1 p.m. EDT on Monday, April 12, 2021. www.fdic.gov/news/press-releases/2021/pr21030.html__________________

April 8, 2021 - Federal Reserve Board issues enforcement actions with former employee of Farmers Bank and the Missouri Bank.  https://www.federalreserve.gov/newsevents/pressreleases/enforcement20210408a.htm

April 8, 2021 - Federal Reserve announces final rule making technical, clarifying changes to the Federal Open Market Committee�s rules describing its Freedom of Information Act procedures - The final rule implements non-substantive updates to the Committee's FOIA regulation to be consistent with the Committee's current practices and to incorporate recent changes in law and guidance. www.federalreserve.gov/newsevents/pressreleases/other20210408a.htm

April 8, 2021 - Federal Reserve Board invites public comment on a proposal to automate non-merger-related adjustments to member banks� subscriptions to Federal Reserve Bank capital stock - The automated process would eliminate the need for member banks to file applications to adjust their stock subscriptions�except in the context of mergers�and would significantly reduce the annual reporting burden. www.federalreserve.gov/newsevents/pressreleases/bcreg20210408a.htm

April 7, 2021 - A Promising Outlook and an Opportunity for Community Colleges - A speech presented virtually on April 7, 2021, at the Prairie State College Foundation�s annual Economic Forecast Breakfast. www.chicagofed.org/publications/speeches/2021/promising-outlook-opportunity-community-colleges

April 7, 2021 - The Global Saving Glut and the Fall in U.S. Real Interest Rates: A 15-Year Retrospective - By Robert Barsky , Matthew Easton Over the period 1992�2019, the real yield on ten-year U.S. Treasury securities fell by about 350 basis points. www.chicagofed.org/publications/economic-perspectives/2021/1

April 7, 2021 - OCC Hosts Virtual Mutual Savings Association Advisory Committee Meeting April 27 - The purpose of the MSAAC meeting is to advise the OCC on regulatory or other changes the OCC may make to ensure the continued health and viability of mutual savings associations. www.occ.gov/news-issuances/news-releases/2021/nr-occ-2021-42.html

April 7, 2021 - LMCI suggest the level of activity increased modestly in March while momentum accelerated sharply - The KC Fed LMCI suggests the level of activity increased modestly in March while momentum accelerated sharply. www.kansascityfed.org/data-and-trends/lmci/labor-market-conditions-momentum-accelerated-202104/

April 7, 2021 - Kansas City Fed seeks thoughts on housing - Housing workers are invited to take our survey to help the Kansas City Fed respond to housing challenges in the Tenth District. www.kansascityfed.org/community/community-connections/kansas-city-fed-seeks-thoughts-on-housing/

April 7, 2021 - Legal Interpretations - Bank Holding Company Act, March 31, 2021. www.federalreserve.gov/supervisionreg/legalinterpretations/bhc_changeincontrol20210331.pdf

April 7, 2021 - Statistical Release - Consumer Credit - G.19 - In February, consumer credit increased at a seasonally adjusted annual rate of 7.9 percent.   www.federalreserve.gov/releases/g19/current/default.htm

April 7, 2021 - Minutes of the Federal Open Market Committee, March 16-17, 2021. www.federalreserve.gov/newsevents/pressreleases/monetary20210407a.htm

April 6, 2021 - FDIC Names New Members to Advisory Committee on Community Banking - The Federal Deposit Insurance Corporation today announced nine new members of its Advisory Committee on Community Banking, which shares input with the FDIC on a broad range of community bank policy and regulatory matters. www.fdic.gov/news/press-releases/2021/pr21029.html

April 6, 2021 - FDIC Launches #GetBanked Campaign in Houston and Atlanta - As part of its ongoing efforts to expand financial inclusion, the Federal Deposit Insurance Corporation today launched a public awareness campaign about the benefits of opening a bank account. www.fdic.gov/news/press-releases/2021/pr21028.html

April 6, 2021 - COVID-19 as a Stress Test: Assessing the Bank Regulatory Framework - Alice Abboud, Elizabeth Duncan, Akos Horvath, Diana Iercosan, Bert Loudis, Francis Martinez, Timothy Mooney, Ben Ranish, Ke Wang, Missaka Warusawitharana, Carlo Wix - The widespread economic damage caused by the ongoing COVID-19 pandemic poses the first major test of the bank regulatory reforms put in place following the global financial crisis. www.federalreserve.gov/econres/feds/covid-19-as-a-stress-test-assessing-the-bank-regulatory-framework.htm

April 5, 2021 - Recovery in Rocky Mountain Leisure and Hospitality Employment - Pent-up demand among consumers may support a swift recovery in employment at restaurants, hotels and entertainment venues over coming months. www.kansascityfed.org/denver/rocky-mountain-economist/recovery-in-rocky-mountain-leisure-and-hospitality-employment/

April 5, 2021 - A closed meeting of the Board of Governors of the Federal Reserve System was held at 11:00 a.m. on April 5, 2021. 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/20210405closed.htm

April 1, 2021 - OCC Promotes April as National Financial Capability Month - The Office of the Comptroller of the Currency encourages national banks and federal savings associations to support financial literacy education year-round but especially during National Financial Capability Month, which runs through April 30. www.occ.gov/news-issuances/news-releases/2021/nr-occ-2021-41.html 

April 1, 2021 - Letter to John Bruno responding to a request by Auto Club Trust, F.S.B., for a determination relating to the application of section 5A of the Home Owners' Loan Act, 12 U.S.C. � 1464a. www.federalreserve.gov/supervisionreg/legalinterpretations/bhcchangeincontrol20210401-auto-club-trust.pdf

April 1, 2021 - Statistical Release - Foreign Exchange Rates - G.5 - The table below shows the average rates of exchange in MARCH 2021 together with comparable figures for other months. www.federalreserve.gov/releases/g5/current/default.htm

April 1, 2021 - Todd M. Harper Named FFIEC Chairman - Todd M. Harper, Chairman, National Credit Union Administration, has been named Chairman of the Federal Financial Institutions Examination Council www.ncua.gov/newsroom/press-release/2021/todd-m-harper-named-ffiec-chairman

April 1, 2021 - Marshall Appointed to FFIEC State Liaison Committee, Allard and Pleger Re-Appointed - The Federal Financial Institutions Examination Council today announced the appointment of Susannah Marshall to the FFIEC�s State Liaison Committee. https://www.ncua.gov/newsroom/press-release/2021/marshall-appointed-ffiec-state-liaison-committee-allard-and-pleger-re-appointed

April 1, 2021 - NCUA Marks National Financial Capability Month - National Credit Union Administration Chairman Todd M. Harper encouraged credit unions and their members to utilize the agency�s many financial literacy resources available to them during National Financial Capability Month, which runs throughout April, and throughout the year. www.ncua.gov/newsroom/press-release/2021/ncua-marks-national-financial-capability-month
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April 1, 2021 - Brave-Butters-Kelley Indexes - Business Cycle Indexes and Monthly GDP Growth - The Brave-Butters-Kelley Coincident Index was �0.5 standard deviations from trend growth in February 2021, and the BBK Leading Index was �1.2 standard deviations from trend growth. www.chicagofed.org/~/media/publications/bbki/2021/bbki-february2021-pdf.pdf

April 1, 2021 - OCC Promotes April as National Financial Capability Month - The Office of the Comptroller of the Currency encourages national banks and federal savings associations to support financial literacy education year-round but especially during National Financial Capability Month, which runs through April 30. www.occ.gov/news-issuances/news-releases/2021/nr-occ-2021-41.html

April 1, 2021 - Marshall Appointed to FFIEC State Liaison Committee, Allard and Pleger Re-Appointed - The Federal Financial Institutions Examination Council today announced the appointment of Susannah Marshall to the FFIEC�s State Liaison Committee. www.ffiec.gov/press/pr040121_2.htm

April 1, 2021 - Todd M. Harper, Chairman, National Credit Union Administration, has been named Chairman of the Federal Financial Institutions Examination Council. www.ffiec.gov/press/pr040121_1.htm

April 1, 2021 - Bank Holding Companies/Savings and Loan Holding Companies/Change in Control - 2021 Letters. https://www.federalreserve.gov/supervisionreg/legalinterpretations/reg-y-frequently-asked-questions.htm

April 1, 2021 - Letter to Trisha L. Kalscheur responding to a request by John Deere Financial, F.S.B., for determinations relating to the application of section 5A of the Home Owners� Loan Act, 12 U.S.C. � 1464a. www.federalreserve.gov/supervisionreg/legalinterpretations/bhc_changeincontrol2021.htm

April 1, 2021 - 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 5, 2021. 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. https://www.federalreserve.gov/aboutthefed/boardmeetings/20210405closed.htm