Virtual/remote audits - I am performing virtual/remote FFIEC IT audits for banks and credit unions.  I am a former bank examiner with years of IT auditing experience.  Please contact R. Kinney Williams at examiner@yennik.com from your bank's email and I will send you information and fees.  All correspondence is confidential.

August 31, 2021 - NCUA Issues Prohibition Orders and Notices - The National Credit Union Administration issued four prohibition orders and two notices of prohibition in August. www.ncua.gov/newsroom/press-release/2021/ncua-issues-prohibition-orders-and-notices

August 31, 2021 - Surge in Deposits has Caused Plummeting Loan-to-Deposit Ratio - The rush of deposits into community banks during the pandemic, combined with low loan demand, has caused loan-to-deposit ratios to fall to nearly 30-year lows. www.kansascityfed.org/banking/community-banking-bulletin/highlight-surge-in-deposits-has-caused-plummeting-loan-to-deposit-ratio/

August 31, 2021 - A closed meeting of the Board of Governors of the Federal Reserve System was held at 10:00 a.m. on August 31, 2021. Matter(s) considered: Periodic Supervisory Update. www.federalreserve.gov/aboutthefed/boardmeetings/20210831closed.htm

August 31 2021 - Federal and state financial regulatory agencies issue interagency statement on supervisory practices regarding financial institutions affected by California Wildfires.
Press Release: www.federalreserve.gov/newsevents/pressreleases/bcreg20210831a.htm 
Press Release: www.fdic.gov/news/press-releases/2021/pr21079.html
Press Release: www.occ.gov/news-issuances/news-releases/2021/nr-ia-2021-89.html
Press Release: www.ncua.gov/newsroom/press-release/2021/federal-and-state-financial-regulatory-agencies-issue-interagency-statement-supervisory-practices-1

August 30, 2021 - Acting Comptroller of the Currency Issues Statement on Civil Money Penalty Against Cadence Bank, N.A. For Violations of the Fair Housing Act - The OCC found that Cadence Bank denied residents in majority Hispanic and majority minority neighborhoods in Houston equal access to mortgage loans. www.occ.gov/news-issuances/news-releases/2021/nr-occ-2021-87.html 

August 30, 2021 - FDIC Issues CRA Examination Schedules for Fourth Quarter 2021 and First Quarter 2022 - The Federal Deposit Insurance Corporation today issued the lists of institutions scheduled for a Community Reinvestment Act examination during the fourth quarter 2021 and first quarter 2022. www.fdic.gov/news/press-releases/2021/pr21077.html

August 30, 2021 - FDITECH Opens Registration for Tech Sprint to Measure and Test Bank Resilience - The Federal Deposit Insurance Corporation today opened the registration period to participate in a tech sprint designed to identify and develop measures, data, and other capabilities to understand how resilient banks are to major disruptions. www.fdic.gov/news/press-releases/2021/pr21076.html

August 30, 2021 - Wealth Inequality and COVID-19: Evidence from the Distributional Financial Accounts - Michael Batty, Ella Deeken, and Alice Henriques Volz - A wide range of economic activity has been severely disrupted by the COVID-19 pandemic, while others have been remarkably resilient throughout the restrictions placed on our physical interactions. https://www.federalreserve.gov/econres/notes/feds-notes/wealth-inequality-and-covid-19-evidence-from-the-distributional-financial-accounts-20210830.htm

August 30, 2021 - How Dynamic is Bank Liquidity, Including when the COVID-19 Pandemic First Set In? - Jane Ihrig, Cindy M. Vojtech, Gretchen C. Weinbach, and Maureen Cowhey - Banks need sufficient liquidity—cash and other assets that may be easily and immediately converted into cash—to meet their financial obligations, such as when households withdraw deposits or businesses tap credit lines. www.federalreserve.gov/econres/notes/feds-notes/how-dynamic-is-bank-liquidity-including-when-the-covid-19-pandemic-first-set-In-20210830.htm

August 30 2021 - Federal and state financial regulatory agencies issue interagency statement on supervisory practices regarding financial institutions affected by Hurricane Ida.
Press Release: www.federalreserve.gov/newsevents/pressreleases/bcreg20210830a.htm
Press Release: www.fdic.gov/news/press-releases/2021/pr21078.html
Press Release: www.occ.gov/news-issuances/news-releases/2021/nr-ia-2021-88.html
Press Release: www.ncua.gov/newsroom/press-release/2021/federal-and-state-financial-regulatory-agencies-issue-interagency-statement-supervisory-practices-0

August 27, 2021 - NCUA Monitoring Hurricane Ida; Encourages Credit Unions to Prepare - The National Credit Union Administration is monitoring Hurricane Ida as it moves into the Gulf of Mexico and advises credit unions and their members that the agency stands ready to assist federally insured credit unions in the areas potentially affected by the storm. www.ncua.gov/newsroom/press-release/2021/ncua-monitoring-hurricane-ida-encourages-credit-unions-prepare

August 27, 2021 - OCC to Hold Hearing on Charges Against Biagio Maffettone; Agency Seeks Prohibition Order and Civil Money Penalty.  www.occ.gov/news-issuances/news-releases/2021/nr-occ-2021-84.html

August 27, 2021 - Jackson Hole Economic Policy Symposium - The Kansas City Fed will host its 2021 Economic Policy Symposium virtually on Friday, Aug. 27. View the full agenda and learn more about this year's theme. www.kansascityfed.org/research/jackson-hole-economic-symposium/macroeconomic-policy-in-an-uneven-economy/

August 27, 2021 - Tenth District Services Activity Remained Positive: Federal Reserve Bank of Kansas City Releases August Services Survey - Tenth District services growth slowed slightly but remained positive, and activity was expected to increase further over the next six months. www.kansascityfed.org/surveys/services-survey/tenth-district-services-activity-remained-positive/

August 27 2021 - FDIC Makes Public July Enforcement Actions - The Federal Deposit Insurance Corporation today released a list of orders of administrative enforcement actions taken against banks and individuals in July. www.fdic.gov/news/press-releases/2021/pr21074.html

August 27, 2021 - Legal Interpretations - Bank Holding Company Act, August 17, 2021 - Letter to Andrew Nash granting Morgan Stanley, New York, New York, approval to use an alternative method for calculating the risk-weighted asset amount for its default fund contributions to qualifying central counterparties in Japan under certain conditions. www.federalreserve.gov/supervisionreg/legalinterpretations/bhc_changeincontrol20210817a.pdf

August 27, 2021 - Guide for Community Banking Organizations Conducting Due Diligence on Financial Technology Companies - Staff of the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, and the Office of the Comptroller of the Currency have developed the attached guide, “Conducting Due Diligence on Financial Technology Companies: A Guide for Community Banks." www.federalreserve.gov/supervisionreg/srletters/sr2115.htm

August 27, 2021 - Credit and Liquidity Programs and the Balance Sheet - Recent balance sheet trends, weekly chart update. www.federalreserve.gov/monetarypolicy/bst_recenttrends.htm

August 27, 2021 - Federal Reserve Banks Combined Quarterly Financial Reports (Unaudited), 2021:Q2 - The quarterly financial reports present summary financial information on the combined financial position and results of operations of the Reserve Banks. www.federalreserve.gov/aboutthefed/combined-quarterly-financial-reports-unaudited.htm

August 27, 2021 - Speech by Chair Powell on the economic outlook - Chair Jerome H. Powell At the "Macroeconomic Policy in an Uneven Economy," economic policy symposium sponsored by the Federal Reserve Bank of Kansas City, Jackson Hole, Wyoming (via webcast).  www.federalreserve.gov/newsevents/speech/powell20210827a.htm

August 27 2021 - Agencies issue guide to help community banks evaluate fintech relationships - Community banks are entering into business arrangements with fintech companies to offer enhanced products and services to their customers, increase efficiency, and reduce internal costs.
Press Release: www.federalreserve.gov/newsevents/pressreleases/bcreg20210827a.htm
Press Release: www.fdic.gov/news/press-releases/2021/pr21075.html
Press Release: www.occ.gov/news-issuances/news-releases/2021/nr-ia-2021-85.html

August 26, 2021 - Tenth District Manufacturing Activity Continued at a Strong Pace: Federal Reserve Bank of Kansas City Releases August Manufacturing Survey - Tenth District manufacturing activity continued at a strong pace, and expectations for future activity remained solid. https://www.kansascityfed.org/surveys/manufacturing-survey/tenth-district-manufacturing-activity-continued-at-a-strong-pace/

August 26, 2021 - Erickson Joins St. Louis Fed’s Health Care Industry Council - Julie Erickson, president and CEO of St. Louis-based Rx Outreach, has been named to the Health Care Industry Council of the Federal Reserve Bank of St. Louis. www.stlouisfed.org/news-releases/2021/08/26/erickson-joins-st-louis-fed-health-care-industry-council
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August 26, 2021 - Tenth District Manufacturing Activity Continued at a Strong Pace - Tenth District manufacturing activity continued at a strong pace, and expectations for future activity remained solid. www.kansascityfed.org/surveys/manufacturing-survey/tenth-district-manufacturing-activity-continued-at-a-strong-pace/
 
August 26, 2021 - Regulatory Relief: Guidance to Help Financial Institutions and Facilitate Recovery in Areas of Tennessee Affected by Severe Storms and Flooding.   www.fdic.gov/news/financial-institution-letters/2021/fil21058.html

August 25, 2021 - NCUA - Streamlined CDFI Application Qualifying Round Opens Sept. 12 - Federally insured, low-income credit unions seeking a Community Development Financial Institution certification can apply for the National Credit Union Administration�s streamlined qualification process between Sept. 12 and Oct. 15. www.ncua.gov/newsroom/press-release/2021/streamlined-cdfi-application-qualifying-round-opens-sept-12

August 25, 2021 - OCC Issues Fourth Quarter 2021 and First Quarter 2022 CRA Evaluation Schedule. www.occ.gov/news-issuances/news-releases/2021/nr-occ-2021-83.html

August 25, 2021 - Statistical Release - Finance Companies. www.federalreserve.gov/releases/g20/current/g20.htm

August 24, 2021 - Results from a Special Chicago Fed Survey of Business Conditions on Remote Work - By May Tysinger, Thomas Walstrum -At the onset of the Covid-19 pandemic, many workplaces in the U.S. were closed (either voluntarily or by government order) to limit the spread of the virus. www.chicagofed.org/publications/blogs/midwest-economy/2021/remote-work-survey-results

August 24, 2021 - Small Business Recovery in the Rocky Mountain Region - The delayed recovery of small businesses until the middle of this year highlights the sensitivity of a key source of hiring to the path of the pandemic. www.kansascityfed.org/denver/rocky-mountain-economist/Small-Business-Recovery-Rocky-Mountain-Region/

August 24, 2021 - SF Fed Convenes Key Conversations About Fintech Innovation�s Impact on Racial Equity - The Federal Reserve Bank of San Francisco is partnering with the Aspen Institute to host �Fintech, Racial Equity, and an Inclusive Financial System,� a panel event and publication exploring the most pressing questions about how the push for racial equity intersects with financial technology. www.frbsf.org/our-district/press/news-releases/2021/conversations-about-fintech-innovations-impact-on-racial-equity/

August 24, 2021 - Statistical Release - Large Commercial Banks - The Federal Reserve Board compiles quarterly data on domestically chartered insured commercial banks that have consolidated assets of $300 million or more and releases the data about twelve weeks after the end of each quarter. www.federalreserve.gov/releases/lbr/

August 24, 2021 - Minutes of the Board's discount rate meetings on July 19 and July 28, 2021. www.federalreserve.gov/newsevents/pressreleases/monetary20210824a.htm

August 24, 2021 - Federal Reserve Board announces termination of enforcement action with AllNations Bank. www.federalreserve.gov/newsevents/pressreleases/enforcement20210824a.htm

August 23, 2021 - Lyons Joins St. Louis Fed�s Transportation Industry Council - Stacey Lyons, manager of government and public affairs for Canadian National Railway in Memphis, Tenn., has been named to the Transportation Industry Council of the Federal Reserve Bank of St. Louis. www.stlouisfed.org/news-releases/2021/08/23/lyons-joins-st-louis-fed-transportation-industry-council

August 23, 2021 - Setser Joins St. Louis Fed�s Real Estate Industry Council - Melissa Setser of St. Louis has been named to the Real Estate Industry Council of the Federal Reserve Bank of St. Louis. www.stlouisfed.org/news-releases/2021/08/23/setser-joins-st-louis-fed-real-estate-industry-council 

August 23, 2021 - Charge-Off and Delinquency Rates on Loans and Leases at Commercial Banks.  www.federalreserve.gov/releases/chargeoff/

August 20, 2021 - Kansas City Fed to host Economic Policy Symposium online - Due to the recently elevated COVID-19 health risk level, the Federal Reserve Bank of Kansas City will host its 2021 Economic Policy Symposium virtually on Friday, Aug. 27. https://www.kansascityfed.org/newsroom/2021-news-releases/Kansas-City-Fed-to-host-Economic-Policy-Symposium-online/

August 20, 2021 - Credit and Liquidity Programs and the Balance Sheet - Recent balance sheet trends, weekly chart update.  www.federalreserve.gov/monetarypolicy/bst_recenttrends.htm

August 19, 2021 - Macroeconomic and Financial Risks: A Tale of Mean and Volatility - Dario Caldara, Chiara Scotti, and Molin Zhong - We study the joint conditional distribution of GDP growth and corporate credit spreads using a stochastic volatility VAR. www.federalreserve.gov/econres/ifdp/macroeconomic-and-financial-risks-a-tale-of-mean-and-volatility.htm

August 19, 2021 - NCUA - Register Now for NCUA�s Modernized Examination Tools Webinar on Sept. 8 - The webinar will focus on the NCUA�s new modern examination platforms and systems, including the agency�s Modern Examination & Risk Identification Tool, or MERIT. www.ncua.gov/newsroom/press-release/2021/register-now-ncuas-modernized-examination-tools-webinar-sept-8
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August 19, 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-2021-82.html

August 18, 2021 - Model Risk Management: New Comptroller's Handbook Booklet - The Office of the Comptroller of the Currency issued today the new "Model Risk Management" 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-2021-39.html
 
August 18, 2021 - Minutes of the Federal Open Market Committee, July 27-28, 2021.  www.federalreserve.gov/newsevents/pressreleases/monetary20210818a.htm

August 17, 2021 - Industrial Production and Capacity Utilization - G.17 - Industrial production increased 0.9 percent in July after moving up 0.2 percent in June. In July, manufacturing output rose 1.4 percent. www.federalreserve.gov/releases/g17/Current/
 
August 17, 2021 - Welcoming remarks by Chair Powell at Conversation with the Chair: A Virtual Teacher and Student Town Hall Meeting - At Conversation with the Chair: A Virtual Teacher and Student Town Hall Meeting, Washington, D.C. www.federalreserve.gov/newsevents/speech/powell20210817a.htm

August 17, 2021 - Federal Reserve Board announces approval of application by SmartFinancial, Inc. - The Federal Reserve Board on Tuesday announced its approval of the application by SmartFinancial, Inc., Knoxville, Tennessee, to merge with Sevier County Bancshares, Inc., and thereby indirectly acquire its subsidiary state nonmember bank, Sevier County Bank, both of Sevierville, Tennessee. www.federalreserve.gov/newsevents/pressreleases/orders20210817a.htm

August 16, 2021 - Midwest Farmland Values Soared in the Second Quarter - According to the most recent AgLetter, Seventh District farmland values in the second quarter of 2021 were 14 percent higher than a year ago. www.chicagofed.org/publications/agletter/2020-2024/august-2021

August 16, 2021 - Bank Accounting Advisory Series Updated - The BAAS addresses a variety of accounting topics and promotes consistent application of accounting standards and regulatory reporting among national banks and federal savings associations. www.occ.gov/news-issuances/news-releases/2021/nr-occ-2021-81.html

August 16, 2021 - FDITECH Launches New Sprint to Measure and Test Bank Operational Resiliency - The Federal Deposit Insurance Corporation today announced a new tech sprint designed to determine how well community banks, and the banking sector as a whole, can withstand a major disruption of any type. www.fdic.gov/news/press-releases/2021/pr21073.html

August 16, 2021 - Have pandemic-induced declines in home listings fueled house price growth? - Neil Bhutta, Adithya Raajkumar, and Eileen van Straelen - New homes listed for sale fell sharply at the beginning of the pandemic. Anecdotal evidence suggests that fear of COVID made homeowners reluctant to list their homes, driving down new listings. www.federalreserve.gov/econres/notes/feds-notes/have-pandemic-induced-declines-in-home-listings-fueled-house-price-growth-20210816.htm

August 13, 2021 - Evictions and the Pandemic Economy in the Tenth District - This report examines the pandemic�s effect on jobs and housing throughout the Federal Reserve�s Tenth District. www.kansascityfed.org/community/evictions-and-the-pandemic-economy-in-the-tenth-district/

August 13, 2021 - FDIC Issues Request for Information on Supervisory Approach to Bank Examinations During the Pandemic - The Federal Deposit Insurance Corporation today issued a Request for Information seeking feedback and comments from FDIC-supervised financial institutions regarding the FDIC�s supervisory approach to examinations during the pandemic, including the impact of off-site activities on institution operations, the effectiveness of technology used to carry out off-site activities, and the effectiveness of communication methods used to support off-site activities. www.fdic.gov/news/press-releases/2021/pr21072.html

August 13, 2021 - Credit and Liquidity Programs and the Balance Sheet - Recent balance sheet trends, weekly chart update.  www.federalreserve.gov/monetarypolicy/bst_recenttrends.htm

August 13, 2021 - $1 Coin Quarterly Inventories, Payments, and Receipts, quarterly update. www.federalreserve.gov/paymentsystems/coin_data.htm

August 12, 2021 - Women without a College Degree, Especially Minority Mothers, Face a Steeper Road to Recovery - The pandemic-induced recession weighed most on the labor force participation of prime-age women without a bachelor�s degree, particularly minority mothers. www.kansascityfed.org/research/economic-review/women-without-a-college-degree-especially-minority-mothers-face-a-steeper-road-to-recovery/

August 12, 2021 - Learning Loss and Renewal After the Pandemic - This virtual panel will bring together experts to discuss learning loss for students during the pandemic, as well as the potential impacts of disruption on future academic achievement and economic opportunity. www.chicagofed.org/events/project-hometown/learning-loss-renewal-after-pandemic

August 12, 2021 - In the Latest Edition of AgLetter - Midwest Farmland Values Soared in the Second Quarter - According to the most recent AgLetter, Seventh District farmland values in the second quarter of 2021 were 14 percent higher than a year ago. www.chicagofed.org/publications/agletter/index

August 12, 2021 - Strong Farm Economy Supports Ag Credit Conditions - Farm income and credit conditions in the Tenth District remained strong through the first half of 2021. www.kansascityfed.org/agriculture/ag-credit-survey/strong-farm-economy-supports-ag-credit-conditions/

August 12, 2021 - FDITECH Selects Eight Teams in Tech Sprint to Reach the Unbanked - The Federal Deposit Insurance Corporation today announced the selection of eight teams to participate in a �tech sprint� designed to explore new technologies and techniques to help banks meet the needs of unbanked consumers. www.fdic.gov/news/press-releases/2021/pr21071.html

August 12, 2021 - Authentication and Access to Financial Institution Services and Systems - The Federal Reserve Board, together with the other members of the Federal Financial Institutions Examination Council have issued the attached guidance titled �Authentication and Access to Financial Institution Services and Systems�, which supersedes the titled guidance, �Interagency Guidance on Authentication in an Internet Banking Environment�. www.federalreserve.gov/supervisionreg/srletters/sr2114.htm

August 11, 2021 - What Has Driven the Recent Increase in Retirements? - Far fewer retirees rejoined the labor force during the pandemic than in previous years. www.kansascityfed.org/research/economic-bulletin/what-has-driven-the-recent-increase-in-retirements/
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August 12, 2021 - What Can We Learn from Idiosyncratic Wage Changes? - Cynthia L. Doniger - I document six facts about wage changes. www.federalreserve.gov/econres/feds/what-can-we-learn-from-idiosyncratic-wage-changes.htm

August 12, 2021 - Federal Reserve Board issues enforcement actions with South Shore Bank and Dime Community Bank.   www.federalreserve.gov/newsevents/pressreleases/enforcement20210812a.htm

August 12, 2021 - NCUA Chairman Todd M. Harper's Remarks at the Defense Credit Union Council Annual Conference. www.ncua.gov/newsroom/speech/2021/ncua-chairman-todd-m-harpers-remarks-defense-credit-union-council-annual-conference

August 11, 2021 - NCUA Board Member Rodney E. Hood Remarks at the Defense Credit Union Council Annual Conference. www.ncua.gov/newsroom/speech/2021/ncua-board-member-rodney-e-hood-remarks-defense-credit-union-council-annual-conference

August 11, 2021 - Authentication and Access to Financial Institution Services and Systems - The Federal Financial Institutions Examination Council issued new guidance titled Authentication and Access to Financial Institution Services and Systems.
Press release: www.ffiec.gov/press/pr081121.htm
Press Release: www.fdic.gov/news/financial-institution-letters/2021/fil21055.html
Press Release: www.occ.treas.gov/news-issuances/bulletins/2021/bulletin-2021-36.html

August 11, 2021 - The Fed Explained - The 11th edition of The Fed Explained: What the Central Bank Does (formerly The Federal Reserve System Purposes & Functions) details the structure, responsibilities, and work of the U.S. central banking system. www.federalreserve.gov/aboutthefed/the-fed-explained.htm

August 11, 2021 - Report and Disclosures on Funding, Credit, Liquidity, and Loan Facilities - Reports to Congress Pursuant to Section 13(3) of the Federal Reserve Act in response to COVID-19.   www.federalreserve.gov/publications/reports-to-congress-in-response-to-covid-19.htm

August 10, 2021 - How Ford Motor�s Equal Pay Policies Reduced Overall Labor Market Discrimination - By Jonathan Lanning - An important question for researchers and policymakers is how do companies� individual actions affect the labor markets overall? www.chicagofed.org/publications/profitwise-news-and-views/2021/ford-motor-equal-pay-policies

August 10, 2021 - The KCFSI suggests financial stress remained muted in July - The KCFSI suggests financial stress remained muted in July. - The Kansas City Financial Stress Index edged up from -0.75 in June to -0.72 in July, remaining well below its historical average. www.kansascityfed.org/data-and-trends/kansas-city-financial-stress-index/current-release/

August 10, 2021 - Global Banking and Firm Financing: A Double Adverse Selection Channel of International Transmission - Leslie Sheng Shen - It shows, theoretically and empirically, that financial systems with both global and local banks exhibit double adverse selection in credit allocation across firms. www.federalreserve.gov/econres/ifdp/global-banking-and-firm-financing.htm

August 9, 2021 - 10 years of Investment Connection continue with virtual events this fall - Over the last decade, the program initiated by the Federal Reserve Bank of Kansas City has connected more than $50 million in loans and grants in gap funding for community organizations. www.kansascityfed.org/community/community-connections/10-years-of-investment-connection-continue-with-virtual-events-this-fall/

August 9, 2021 - FDIC Requests Four Companies to Submit Pilot Proposals in Next Phase of Rapid Phased Prototyping Competition - These tools would help financial institutions draw inferences from their data, and improve data structure, portability, and processing that may support more efficient back-office operations and reporting. www.fdic.gov/news/press-releases/2021/pr21070.html

August 9, 2021 - Growth at Risk From Climate Change - Michael T. Kiley - How will climate change affect risks to economic activity? Research on climate impacts has tended to focus on effects on the average level of economic growth. www.federalreserve.gov/econres/feds/growth-at-risk-from-climate-change.htm
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August 5, 2021 - Small Business Administration Lending: Risk Management Principles - The Office of the Comptroller of the Currency is issuing this bulletin to inform banks1 and examiners about sound risk management principles associated with engaging in U.S. Small Business Administration guaranteed lending programs. www.occ.treas.gov/news-issuances/bulletins/2021/bulletin-2021-34.html

August 5, 2021 - Cash or Debit Cards? Payment Acceptance Costs for Merchants - Debit cards have been more costly for U.S. merchants to accept than cash in recent years, though the reverse is true for merchants in other countries. www.kansascityfed.org/research/economic-review/cash-or-debit-cards-payment-acceptance-costs-for-merchants/

August 5, 2021 - Federal Open Market Committee - Meeting agendas, 1960-63. www.federalreserve.gov/monetarypolicy/fomc_historical_year.htm

August 5, 2021 - Speech by Governor Waller on central bank digital currency Governor Christopher J. Waller At the American Enterprise Institute, Washington, D.C. www.federalreserve.gov/newsevents/speech/waller20210805a.htm

August 5, 2021 - Federal Reserve Board announces termination of enforcement action with JPMorgan Chase & Co. www.federalreserve.gov/newsevents/pressreleases/enforcement20210805a.htm

August 4, 2021 - Highlight: Problem asset levels remain low, but uncertain future remains - While problem assets at community banks remain at low levels, the volume of loans modified during the COVID-19 pandemic indicates an uncertain future. www.kansascityfed.org/banking/community-banking-bulletin/highlight-problem-asset-levels-remain-low-but-uncertain-future-remains/

August 4, 2021 - FDIC Issues List of Banks Examined for CRA Compliance - The list covers evaluation ratings that the FDIC assigned to institutions in May 2021. www.fdic.gov/news/press-releases/2021/pr21069.html

August 4, 2021 - Expansionary Austerity: Reallocating Credit Amid Fiscal Consolidation - Bernardo Morais, Javier Perez-Estrada, Jose-Luis Peydro, Claudia Ruiz-Ortega - We study the impact of public debt limits on economic growth exploiting the introduction of a Mexican law capping the debt of subnational governments. www.federalreserve.gov/econres/ifdp/expansionary-austerity-reallocating-credit-amid-fiscal-consolidation.htm

August 4, 2021 - Banks as Regulated Traders - Antonio Falato, Diana Iercosan, and Filip Zikes - Banks use trading as a vehicle to take risk. www.federalreserve.gov/econres/feds/banks-as-regulated-traders.htm

August 4, 2021 - Speech by Vice Chair Clarida on outlooks, outcomes, and prospects for U.S. monetary policy At the Peterson Institute for International Economics, Washington, D.C. www.federalreserve.gov/newsevents/speech/clarida20210804a.htm

August 3, 2021 - Brave-Butters-Kelley Indexes Suggest Further Improvement in Monthly GDP in June - The Brave-Butters-Kelley Coincident Index was 0.8 standard deviations from trend growth in June 2021, and the BBK Leading Index was �0.6 standard deviations from trend growth. www.chicagofed.org/~/media/publications/bbki/2021/bbki-june2021-pdf.pdf

August 3, 2021 - NCUA - Polanco Named NCUA Director for the Office of Minority and Women Inclusion - In this role, Mr. Polanco will report to NCUA Chairman Todd M. Harper and oversee the agency�s requirements under the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 to develop and promote standards for workforce diversity, supplier diversity, and equal employment opportunity and assess the diversity policies and practices throughout the credit union industry. www.ncua.gov/newsroom/press-release/2021/polanco-named-ncua-director-office-minority-and-women-inclusion

August 3, 2021 - OCC Releases CRA Evaluations for 14 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 July 1, 2021 through July 31, 2021. www.occ.gov/news-issuances/news-releases/2021/nr-occ-2021-80.html

August 3, 2021 - Acting Comptroller of the Currency Testifies on Regulatory Priorities - Acting Comptroller of the Currency Michael J. Hsu today testified at a hearing before the U.S. Senate Committee on Banking, Housing and Urban Affairs. www.occ.gov/news-issuances/news-releases/2021/nr-occ-2021-79.html

August 3, 2021 - Toward an Inclusive Recovery: Federal Reserve Community Development Research Seminar Series - The Federal Reserve Community Development Research Seminar Series is a forum for exploring the intersection of research, policy, and practice in the community development field. www.kansascityfed.org/events/toward-an-inclusive-recovery-federal-reserve-community-development-research-seminar-series/

August 3, 2021 - The Intangible Gender Gap: An Asset Channel of Inequality - Carlos F. Avenancio-Leon and Leslie Sheng Shen - We propose an "asset channel of inequality" that contributes to gender inequities. www.federalreserve.gov/econres/ifdp/the-intangible-gender-gap-an-asset-channel-of-inequality.htm

August 3, 2021 - Welcoming remarks by Governor Bowman at a research seminar sponsored by the Board of Governors of the Federal Reserve System At "Toward an Inclusive Recovery: Improving Labor Force Attachment and Financial Security among Low-Income and Marginalized Workers," a research seminar sponsored by the Board of Governors of the Federal Reserve System, Washington, D.C. www.federalreserve.gov/newsevents/speech/bowman20210803a.htm

August 3, 2021 - Federal Reserve Board issues enforcement actions with Commercial Bank and a former employee of Regions Bank.   www.federalreserve.gov/newsevents/pressreleases/enforcement20210803a.htm

August 3, 2021 - Federal Reserve Board extends comment period on proposed rule to govern funds transfers over the Federal Reserve Banks' FedNow Service - The Federal Reserve Board announced on Tuesday that it will extend until September 9, 2021, the comment period for its proposal to govern funds transfers over the Federal Reserve Banks' FedNow Service. www.federalreserve.gov/newsevents/pressreleases/other20210803a.htm

August 2, 2021 - What Would Detroit�s Business Ownership Look Like with Racial Parity? By Elizabeth Kepner, Rick Mattoon - Throughout 2020, as the Covid-19 pandemic unfolded, small business closures across the United States dominated the headlines. www.chicagofed.org/publications/blogs/michigan-economy/2021/detroit-business-ownership-racial-parity

August 2, 2021 - Electronic Fund Transfer Act: Supplemental OCC Examination Procedures on Remittance Transfer Amendments; Summary of Amendments; and Rescissions -This bulletin provides the Office of the Comptroller of the Currency's supplemental examination procedures on remittance transfers. www.occ.treas.gov/news-issuances/bulletins/2021/bulletin-2021-33.html

August 2, 2021 - Senior Loan Officer Opinion Survey on Bank Lending Practices, July 2021 - The July 2021 Senior Loan Officer Opinion Survey on Bank Lending Practices addressed changes in the standards and terms on, and demand for, bank loans to businesses and households over the past three months, which generally correspond to the second quarter of 2021. www.federalreserve.gov/data/sloos/sloos-202107.htm

August 2, 2021 - A Wealth of Information: Augmenting the Survey of Consumer Finances to Characterize the Full U.S. Wealth Distribution - Jesse Bricker, Sarena Goodman, Kevin B. Moore, Alice Henriques Volz - We use the Survey of Consumer Finances (SCF) to advance U.S. wealth analysis along several dimensions. www.federalreserve.gov/econres/feds/augmenting-the-survey-of-consumer-finances-to-characterize-the-full-u-s-wealth-distribution.htm

August 2, 2021 - Earnings Shocks and Stabilization During COVID-19 - Jeff Larrimore, Jacob Mortenson, and David Splinter - This paper documents the magnitude and distribution of U.S. earnings changes during the COVID-19 pandemic and how fiscal relief offset lost earnings. www.federalreserve.gov/econres/feds/earnings-shocks-and-stabilization-during-covid-19.htm 

August 2, 2021 - A Brief History of the U.S. Regulatory Perimeter - Nicholas K. Tabor, Katherine E. Di Lucido, and Jeffery Y. Zhang - This paper provides a brief history of the U.S. financial regulatory perimeter, a legal cordon comprised of "positive" and "negative" restrictions on the conduct of banking organizations. www.federalreserve.gov/econres/feds/a-brief-history-of-the-u-s-regulatory-perimeter.htm

August 2, 2021 - A Brief History of the U.S. Regulatory Perimeter - Nicholas K. Tabor, Katherine E. Di Lucido, and Jeffery Y. Zhang - This paper provides a brief history of the U.S. financial regulatory perimeter, a legal cordon comprised of "positive" and "negative" restrictions on the conduct of banking organizations. www.federalreserve.gov/econres/feds/a-brief-history-of-the-u-s-regulatory-perimeter.htm

August 2, 2021 - Student Loans, Access to Credit and Consumer Financial Behavior - Alvaro Mezza, Daniel Ringo, and Kamila Sommer - This paper provides novel evidence that increased student loan debts, caused by rising tuitions, increase borrowers' demand for additional consumer debt, while simultaneously restricting their ability to access it. www.federalreserve.gov/econres/feds/student-loans-access-to-credit-and-consumer-financial-behavior.htm

August 2, 2021 - Observing Enforcement: Evidence from Banking - Anya Kleymenova, Rimmy E. Tomy - This paper finds that the disclosure of supervisory actions is associated with changes in regulators' enforcement behavior. www.federalreserve.gov/econres/feds/observing-enforcement-evidence-from-banking.htm

August 2, 2021 - The Dynamics of the U.S. Overnight Triparty Repo Market - Mark E. Paddrik, Carlos A. Ram�rez, and Matthew J. McCormick -The overnight segment of the triparty repurchase agreement market plays a pivotal role in the normal functioning of the U.S. financial system by acting as an important source of secured short-term funding and supporting the liquidity of key fixed income markets, including U.S. Treasury and agency securities. www.federalreserve.gov/econres/notes/feds-notes/the-dynamics-of-the-us-overnight-triparty-repo-market-20210802.htm