Virtual/remote audits - I am performing virtual/remote FFIEC IT/AIO 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, 2022 - NCUA Issues Prohibition Order - The National Credit Union Administration issued one prohibition order in August. This individual is prohibited from participating in the affairs of any federally insured depository institution. www.ncua.gov/newsroom/press-release/2022/ncua-issues-prohibition-order-3

August 31, 2022 - OCC Issues Fourth Quarter 2022 and First Quarter 2023 CRA Evaluation Schedule - The Office of the Comptroller of the Currency today released its schedule of Community Reinvestment Act evaluations to be conducted in the fourth quarter of 2022 and the first quarter of 2023. www.occ.gov/news-issuances/news-releases/2022/nr-occ-2022-103.html

August 31, 2022 - Automated Clearinghouse Services, Quarterly Data.  www.federalreserve.gov/paymentsystems/fedach_data.htm

August 31, 2022 - Payment Systems - Check Services, Quarterly Data.  www.federalreserve.gov/paymentsystems/check_data.htm

August 31, 2022 - T - he Financial Stability Implications of Digital Assets - Pablo D. Azar, Garth Baughman, Francesca Carapella, Jacob Gerszten, Arazi Lubis, JP Perez-Sangimino, David E. Rappoport, Chiara Scotti, Nathan Swem, Alexandros Vardoulakis, Aurite Werman - The value of assets in the digital ecosystem has grown rapidly, amid periods of high volatility. www.federalreserve.gov/econres/feds/the-financial-stability-implications-of-digital-assets.htm

August 30, 2022 - OCC Hosts Mutual Savings Association Advisory Committee Meeting September 20 - The meeting, which will be hosted in person and virtually, is open to the public and will begin at 8:30 a.m. Eastern Daylight Time. www.occ.gov/news-issuances/news-releases/2022/nr-occ-2022-102.html 

August 30, 2022 - FDIC Issues CRA Examination Schedules for Fourth Quarter 2022 and First Quarter 2023 - The Federal Deposit Insurance Corporation today issued the lists of institutions scheduled for a Community Reinvestment Act examination during the fourth quarter 2022 and first quarter 2023. www.fdic.gov/news/press-releases/2022/pr22062.html

August 30, 2022 - Decentralized Finance: Transformative Potential & Associated Risks - Francesca Carapella, Edward Dumas, Jacob Gerszten, Nathan Swem, Larry Wall - Decentralized finance refers to a set of newly emerging financial products and services that operate on decentralized platforms using blockchains to record and share data. www.federalreserve.gov/econres/feds/decentralized-finance-defi-transformative-potential-and-associated-risks.htm

August 30, 2022 - Federal Reserve Banks Combined Quarterly Financial Reports (Unaudited), 2022: 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 30, 2022 - Market Effects of Central Bank Credit Markets Support Programs in Europe - Yuriy Kitsul, Oleg V. Sokolinskiy, and Jonathan H. Wright - Using responses of credit default swap indexes to ECB monetary policy announcements, we isolate a novel credit policy component of monetary policy surprises. www.federalreserve.gov/econres/ifdp/market-effects-of-central-bank-credit-markets-support-programs-in-europe.htm

August 29, 2022 - NCUA to Distribute $395 Million Under Corporate System Resolution Program - The National Credit Union Administration, in its role as liquidating agent, announced a $313 million distribution to more than 400 membership and paid in capital shareholders of the former Members United, Constitution, and U.S. Central corporate credit unions. www.ncua.gov/newsroom/press-release/2022/ncua-distribute-395-million-under-corporate-system-resolution-program

August 29, 2022 - Speech by Vice Chair Lael Brainard - Progress on Fast Payments for All: An Update on FedNow At FedNow Early Adopter Workshop, Rosemont, Illinois (via webcast) www.federalreserve.gov/newsevents/speech/brainard20220829a.htm

August 29, 2022 - Federal Reserve updates FedNow Service timing to mid-2023, marks beginning of full-scale pilot testing  - The Federal Reserve Banks have narrowed the timing of the FedNow Service launch to mid-year 2023, specifically targeting a production rollout of the service in the May to July timeframe. www.federalreserve.gov/newsevents/pressreleases/other20220829a.htm

August 26, 2022 - Credit and Liquidity Programs and the Balance Sheet - Recent balance sheet trends, weekly chart update https://www.federalreserve.gov/monetarypolicy/bst_recenttrends.
www.federalreserve.gov/monetarypolicy/bst_recenttrends.htm

August 26, 2022 - Debt Overhang and the Retail Apocalypse - Jack Liebersohn, Ricardo Correa, and Martin Sicilianv- Debt overhang is central for theories of capital structure, yet credible empirical estimates of its effects remain elusive. www.federalreserve.gov/econres/ifdp/debt-overhang-and-the-retail-apocalypse.htm

August 26, 2022 - Speech by Chair Jerome H. Powell - Monetary Policy and Price Stability At “Reassessing Constraints on the Economy and Policy,” an economic policy symposium sponsored by the Federal Reserve Bank of Kansas City, Jackson Hole, Wyoming.  www.federalreserve.gov/newsevents/speech/powell20220826a.htm

August 26, 2022 - Acting Comptroller of the Currency Tours South Carolina Lowcountry to Highlight Investments in Rural Communities - During the day-long event, Acting Comptroller Michael J. Hsu met with local leaders, businesses, and non-profits to discuss how bank partnerships with community development financial institutions and community-focused rural groups support economic development in rural areas, particularly communities of color. www.occ.gov/news-issuances/news-releases/2022/nr-occ-2022-101.html

August 25, 2022 - Jackson Hole Economic Policy Symposium: Reassessing Constraints on the Economy and Policy - The Federal Reserve Bank of Kansas City hosts dozens of central bankers, policymakers, academics and economists at its annual economic policy symposium. www.kansascityfed.org/research/jackson-hole-economic-policy-symposium-reassessing-constraints-on-the-economy-and-policy/

August 25, 2022 - St. Louis Fed Selects Student Board of Directors - For the 2022-23 school year, 18 high school seniors from the metro area have been selected to serve on the board. www.stlouisfed.org/news-releases/2022/08/25/st-louis-fed-selects-student-board 
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August 23, 2022 - How Do U.S. Life Insurers Manage Liquidity in Times of Stress? - Nathan Foley-Fisher, Nathan Heinrich, St�phane Verani - In this note, we describe U.S. life insurers' liquidity management when the COVID-19 pandemic broke. www.federalreserve.gov/econres/notes/feds-notes/how-do-us-life-insurers-manage-liquidity-in-times-of-stress-20220823.htm

August 23, 2022 - Minutes of the Board's discount rate meetings on July 18 and July 27, 2022.  www.federalreserve.gov/newsevents/pressreleases/monetary20220823a.htm

August 22, 2022 - College of DuPage Economic Forum - President Charles Evans will join the College of DuPage for a moderated Q&A on the U.S. economy followed by an audience Q&A. www.chicagofed.org/publications/speeches/2022/september-08-college-of-dupage

August 22, 2022 - Kansas City Fed's Jackson Hole Symposium to focus on constraints - The Federal Reserve Bank of Kansas City will convene its annual Economic Policy Symposium, Aug. 25-27 in Jackson Hole, Wyoming. www.kansascityfed.org/newsroom/2022-news-releases/kansas-city-feds-jackson-hole-symposium-to-focus-on-constraints/

August 22, 2022 - Newton Joins St. Louis Fed�s Transportation Industry Council - Shannon Newton, president of the Arkansas Trucking Association in Little Rock, Ark., has been named to the Transportation Industry Council of the Federal Reserve Bank of St. Louis. www.stlouisfed.org/news-releases/2022/08/22/newton-joins-ic-transportation-council

August 22, 2022 - Statistical Release - Charge-Off and Delinquency Rates on Loans and Leases at Commercial Banks.  www.federalreserve.gov/releases/chargeoff/

August 19, 2022 - FDIC Issues Cease and Desist Letters to Five Companies For Making Crypto-Related False or Misleading Representations about Deposit Insurance.  www.fdic.gov/news/press-releases/2022/pr22060.html

August 19, 2022 - 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 19, 2022 - Credit and Liquidity Programs and the Balance Sheet - Recent balance sheet trends, weekly chart update.  www.federalreserve.gov/monetarypolicy/bst_recenttrends.htm

August 19, 2022 - Community Depository Institutions Advisory Council, Record of Meeting - April 7, 2022 - The Community Depository Institutions Advisory Council was established in 2010 by the Board of Governors to provide input to the Board on the economy, lending conditions, and other issueof interest to community depository institutions. www.federalreserve.gov/aboutthefed/cdiac.htm

August 18, 2022 - Supervisory Guidance on Multiple Re-Presentment NSF Fees - The FDIC is issuing guidance to FDIC-supervised institutions to address certain consumer compliance risks associated with assessing multiple non-sufficient funds fees arising from the re-presentment of the same unpaid transaction. www.fdic.gov/news/financial-institution-letters/2022/fil22040.html

August 18, 2022 - Are Stocks Pricing in Recession Risks? Evidence from Dividend Futures - Markus Ibert, Ben Knox, and Francisco Vazquez-Grande - Since the beginning ofhis year, broad equity price indexes around the world have declined significantly. www.federalreserve.gov/econres/notes/feds-notes/are-stocks-pricing-in-recession-risks-evidence-from-dividend-futures-20220818.htm

August 17, 2022 - Appreciation in Dollar Unlikely to Have Large Effect on Domestic Inflation - Because U.S. imports are billed primarily in U.S. dollars, a strong dollar is unlikely to dampen inflation. www.kansascityfed.org/research/economic-bulletin/recent-appreciation-in-the-us-dollar-unlikely-to-have-large-effect-on-domestic-inflation/
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August 18, 2022 - 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/2022/nr-occ-2022-100.html

August 17, 2022 - Working Women in the Pandemic Era - Governor Michelle W. Bowman At Arkansas Women's Commission Meeting, Russellville, Arkansas.   www.federalreserve.gov/newsevents/speech/bowman20220817b.htm

August 17, 2022 - Statistical Release - Finance Companies - G.20. www.federalreserve.gov/releases/g20/current/g20.htm

August 17, 2022 - Technology, Innovation, and Financial Services - Governor Michelle W. Bowman - At the VenCent Fintech Conference, Little Rock, Arkansas.  www.federalreserve.gov/newsevents/speech/bowman20220817a.htm

August 17, 2022 - Minutes of the Federal Open Market Committee, July 26�27, 2022.  www.federalreserve.gov/newsevents/pressreleases/monetary20220817a.htm

August 16, 2022 - Search Frictions, Labor Supply, an the Asymmetric Business Cycle - Domenico Ferraro and Giuseppe Fiorid - We develop a business cycle model with search frictions in the labor market and a labor supply decision along the extensive margin that yields cyclical asymmetry between peaks and troughs of the unemployment rate and symmetric fluctuations of the labor force participation rate as in the U.S. data. www.federalreserve.gov/econres/ifdp/search-frictions-labor-supply-and-the-asymmetric-business-cycle.htm
 
August 16, 2022 - Federal Reserve Board announces it has fined EagleBank $9.5 million for violation of the Board's insider lending regulation and has permanently barred its former CEO and chairman from the banking industry.  www.federalreserve.gov/newsevents/pressreleases/enforcement20220816a.htm

August 16, 2022 - Banking Applications Activity Semiannual Report, July 1-December 31, 2021. www.federalreserve.gov/publications/files/semiannual-report-on-banking-applications-20220816.pdf

August 16, 2022 - Inflation Measured Every Day Keeps Adverse Responses Away: Temporal Aggregation and Monetary Policy Transmission - Margaret M. Jacobson, Christian Matthes, and Todd B. Walker - Using daily inflation data from the Billion Prices Project [Cavallo and Rigobon (2016)], we show how temporal aggregation biases estimates of monetary policy transmission. www.federalreserve.gov/econres/feds/inflation-measured-every-day-keeps-adverse-responses-away.htm 

August 16, 2022 - LINVER: The Linear Version of FRB/US - Flint Brayton and David Reifschneider - FRB/US, a large-scale, nonlinear macroeconomic model of the U.S., has been in use at the Federal Reserve Board for 25 years. www.federalreserve.gov/econres/feds/linver-the-linear-version-of-frbus.htm

August 16, 2022 - Federal Reserve Board Statistical Releases: a Publications History - Sian L. Seldin - The Federal Reserve Board has published extensive statistical information on the U.S. economy and banking industry since 1914. www.federalreserve.gov/econres/feds/federal-reserve-board-statistical-releases-a-publications-history.htm

August 16, 2022 - Statistical Release - Industrial Production and Capacity Utilization - G.17 - In July, total industrial production increased 0.6 percent. www.federalreserve.gov/releases/g17/current/default.htm

August 16, 2022 - Federal Reserve Board provides additional information for banking organizations engaging or seeking to engage in crypto-asset-related activities - The emerging crypto-asset sector presents potential opportunities to banking organizations, their customers, and the overall financial system; however, crypto-asset-related activities may also pose risks related to safety and soundness, consumer protection, and financial stability. www.federalreserve.gov/newsevents/pressreleases/bcreg20220816a.htm

August 15, 2022 - OCC Hosts Risk Governance and Compliance Risk Workshops in Minneapolis - The Office of the Comptroller of the Currency will host two workshops September 27-28 in Minneapolis for directors, senior management, and other key executives of national community banks and federal savings associations. https://www.occ.gov/news-issuances/news-releases/2022/nr-occ-2022-99.html

August 15, 2022 - Accounting: Bank Accounting Advisory Series Updated - The Office of the Comptroller of the Currency today released an update to the Bank Accounting Advisory Series.   www.occ.gov/news-issuances/bulletins/2022/bulletin-2022-20.html

August 15, 2022 - Bank Accounting Advisory Series Updated - The Office of the Comptroller of the Currency today released its annual update to the Bank Accounting Advisory Series.   www.occ.gov/news-issuances/news-releases/2022/nr-occ-2022-98.html

August 15, 2022 - Information Externalities, Funding Liquidity, and Fire Sales - Levent Altinoglu and Jin-Wook Chang - We develop a theory of learning in a model of fire sales and collateralized debt to study how beliefs about fundamentals are shaped by market conditions. www.federalreserve.gov/econres/feds/information-externalities-funding-liquidity-and-fire-sales.htm

August 15, 2022 - Federal Reserve Board announces final guidelines that establish a transparent, risk-based, and consistent set of factors for Reserve Banks to use in reviewing requests to access Federal Reserve accounts and payment services - The final guidelines are substantially similar to those proposed by the Board in its May 2021 proposal and March 2022 supplemental proposal. www.federalreserve.gov/newsevents/pressreleases/other20220815a.htm

August 12, 2022 - Regulatory Relief: Guidance to Help Financial Institutions and Facilitate Recovery in Areas of Missouri Affected by Severe Storms and Flooding.   www.fdic.gov/news/financial-institution-letters/2022/fil22039.html

August 12, 2022 - Credit and Liquidity Programs and the Balance Sheet - Recent balance sheet trends, weekly chart update. www.federalreserve.gov/monetarypolicy/bst_recenttrends.htm

August 11, 2022 - OCC to Host Virtual Innovation Office Hours - The Office of the Comptroller of the Currency today announced that it will host virtual Innovation Office Hours on September 28�29, 2022, to promote responsible innovation in the federal banking system. www.occ.gov/news-issuances/news-releases/2022/nr-occ-2022-97.html

August 11, 2022 - Government Assistance and Moral Hazard: Evidence from the Savings and Loan Crisis - In 1989, the U.S. government ceased assistance to failed savings and loans, leading many of these institutions to reduce their risk-taking. www.kansascityfed.org/research/economic-review/government-assistance-and-moral-hazard-evidence-from-the-savings-and-loan-crisis/

August 11, 2022 - Solid Farm Economy, but Signs of Slowing -  Financial conditions in the Tenth District farm economy remained solid in the second quarter, but survey contacts reported signs of slower growth that appeared likely to continue in the coming months. - www.kansascityfed.org/agriculture/ag-credit-survey/solid-farm-economy-signs-of-slowing/

August 11, 2022 - Economic Bulletin - Our latest Economic Bulletin shows a slowdown in job vacancies Is likely to coincide with higher unemployment and slower wage growth. www.kansascityfed.org/research/economic-bulletin/a-slowdown-in-job-vacancies-is-likely-to-coincide-with-higher-unemployment-and-slower-wage-growth/

August 11, 2022 - 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/

August 11, 2022 - Report and Disclosures on Funding, Credit, Liquidity, and Loan Facilities - The Federal Reserve filed these reports with Congress pursuant to section 13(3) of the Federal Reserve Act concerning the lending facilities established by the Board.  www.federalreserve.gov/publications/reports-to-congress-in-response-to-covid-19.htm
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August 11, 2022 - Report and Disclosures on Funding, Credit, Liquidity, and Loan Facilities - The Federal Reserve filed these reports with Congress pursuant to section 13(3) of the Federal Reserve Act concerning the lending facilities established by the Board. www.federalreserve.gov/publications/reports-to-congress-in-response-to-covid-19.htm 

August 10, 2022 - Economic Update with the Chicago Fed - President Charles Evans will join the Greater Des Moines Partnership and Drake University for a moderated Q&A on the U.S. economy followed by an audience Q&A. www.chicagofed.org/publications/speeches/2022/august-10-greater-des-moines-partnership

August 9, 2022 - NCUA - Amber Gravius Named Director, Office of Business Innovation - The National Credit Union Administration named Amber Gravius as the Director of the Office of Business Innovation and Chief Data Officer. www.ncua.gov/newsroom/press-release/2022/amber-gravius-named-director-office-business-innovation

August 9, 2022 - The KC Fed LMCI suggests the level of activity increased slightly and momentum was little changed in July - The level of activity indicator increased by 0.07 in July from 1.39 to 1.46. www.kansascityfed.org/data-and-trends/lmci/current-release/

August 9, 2022 - Pre-Positioning and Cross-Border Financial Intermediation - Nicholas K. Tabor and Jeffery Y. Zhang - The benefits of cross-border financial activity are wide-ranging, from greater competition and more efficient markets to broader and more stable access to capital. www.federalreserve.gov/econres/feds/pre-positioning-and-cross-border-financial-intermediation.htm

August 8, 2022 - OCC Hosts Credit and Operational Risk Workshops in Orlando - The Office of the Comptroller of the Currency will host two workshops September 13-14 in Orlando, Fla., for directors, senior management, and other key executives of national community banks and federal savings associations. www.occ.gov/news-issuances/news-releases/2022/nr-occ-2022-96.html

August 8, 2022 - Financial Failure and Depositor Quality: Evidence from Building and Loan Associations in California - Todd Messer - Flightiness, or depositor sensitivity to liquidity needs, can be an important determinant of financial distress. www.federalreserve.gov/econres/ifdp/financial-failure-and-depositor-quality.htm

August 8, 2022 - Loan Modifications and the Commercial Real Estate Market - David Glancy, Robert J. Kurtzman, and Lara Loewenstein - Banks modify more CRE loans than CMBS, contributing to better loan performance when property incomes decline. www.federalreserve.gov/econres/feds/loan-modifications-and-the-commercial-real-estate-market.htm

August 5, 2022 - Registration Open for NCUA�s Bank Secrecy Act Webinar for Small Credit Unions - The National Credit Union Administration is hosting a webinar on August 24 to discuss Bank Secrecy Act trends and challenges, and provide credit unions with valuable updates on BSA compliance. www.ncua.gov/newsroom/press-release/2022/registration-open-ncuas-bank-secrecy-act-webinar-small-credit-unions

August 5, 2022 - Statistical Release - Consumer Credit - G.19 - Consumer credit increased at a seasonally adjusted annual rate of 8.7 percent during the second quarter. www.federalreserve.gov/releases/g19/current/default.htm

August 5, 2022 - FOIA - Chair Powell's calendar, June 2022.  www.federalreserve.gov/foia/chairman-powell-calendar.htm

August 5, 2022 - Credit and Liquidity Programs and the Balance Sheet - Recent balance sheet trends, weekly chart update. www.federalreserve.gov/monetarypolicy/bst_recenttrends.htm

August 5, 2022 - Long COVID, Cognitive Impairment, and the Stalled Decline in Disability Rates - Brendan M. Price - Long COVID encompasses a suite of long-term symptoms that commonly include fatigue, shortness of breath, and so-called brain fog, along with many others. Individuals with long-term symptoms may be unable to work as a result of their condition, and there is growing evidence that long COVID may be restraining labor supply. www.federalreserve.gov/econres/notes/feds-notes/long-covid-cognitive-impairment-and-the-stalled-decline-in-disability-rates-20220805.htm

August 5, 2022 - Insights from revised Form FR2004 into primary dealer securities financing and MBS activity - Sebastian Infante, Lubomir Petrasek, Zack Saravay, Mary Tian - The Primary Government Securities Dealers Reports collect information at a weekly frequency on positions, cumulative transactions, financing, and fails of primary dealers in U.S. government and other fixed-income securities. www.federalreserve.gov/econres/notes/feds-notes/insights-from-revised-form-fr2004-into-primary-dealer-securities-financing-and-mbs-activity-20220805.htm

August 4, 2022 - Demand-Supply imbalance during the Covid-19 pandemic: The role of fiscal policy - Fran�ois de Soyres, Ana Maria Santacreu, and Henry Young - To mitigate the health and economic fallout from the COVID-19 pandemic, governments worldwide engaged in massive fiscal support programs. www.federalreserve.gov/econres/ifdp/demand-supply-imbalance-during-the-covid-19-pandemic-the-role-of-fiscal-policy.htm

August 4, 2022 - Federal Reserve Board announces the individual capital requirements for all large banks, effective on October 1 - Large bank capital requirements are in part determined by the Board's stress test results, which provide a risk-sensitive and forward-looking assessment of capital needs. www.federalreserve.gov/newsevents/pressreleases/bcreg20220804a.htm
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August 4, 2022 - Demand-Supply imbalance during the Covid-19 pandemic: The role of fiscal policy - Fran�ois de Soyres, Ana Maria Santacreu, and Henry Young - To mitigate the health and economic fallout from the COVID-19 pandemic, governments worldwide engaged in massive fiscal support programs. www.federalreserve.gov/econres/ifdp/demand-supply-imbalance-during-the-covid-19-pandemic-the-role-of-fiscal-policy.htm

August 4, 2022 - NCUA Charters WeDevelopment Federal Credit Union - The National Credit Union Administration has granted a federal charter and Share Insurance Fund coverage to WeDevelopment Federal Credit Union in Kansas City, Missouri. www.ncua.gov/newsroom/press-release/2022/ncua-charters-wedevelopment-federal-credit-union

August 3, 2022 - Economic Update with the Chicago Fed - President Charles Evans will join the Greater Des Moines Partnership and Drake University for a moderated Q&A on the U.S. economy followed by an audience Q&A. www.chicagofed.org/publications/speeches/2022/august-8-greater-des-moines-partnership

August 3, 2022 - OCC Releases CRA Evaluations for 22 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, 2022, through July 31, 2022. www.occ.gov/news-issuances/news-releases/2022/nr-occ-2022-95.html

August 3, 2022 - Supervisory Insights Journal: Summer 2022 Issue Now Available - The Summer 2022 issue of Supervisory Insights features two articles of interest to examiners, bankers and supervisors. www.fdic.gov/news/financial-institution-letters/2022/fil22037.html

August 3, 2022 - Regulatory Relief: Guidance to Help Financial Institutions and Facilitate Recovery in Areas of Kentucky Affected by Severe Storms, Flooding, Landslides and Mudslides.   www.fdic.gov/news/financial-institution-letters/2022/fil22038.html

August 3, 2022 - FDIC Issues List of Banks Examined for CRA Compliance - The Federal Deposit Insurance Corporation today issued its list of state nonmember banks recently evaluated for compliance with the Community Reinvestment Act. www.fdic.gov/news/press-releases/2022/pr22059.html 

August 3, 2022 - Pandemic Priors - Danilo Cascaldi-Garcia - The onset of the COVID-19 pandemic and the great lockdown caused macroeconomic variables to display complex patterns that hardly follow any historical behavior. www.federalreserve.gov/econres/ifdp/pandemic-priors.htm

August 3, 2022 - The Economics of Sovereign Debt, Bailouts and the Eurozone Crisis - Pierre-Olivier Gourinchas, Philippe Martin, and Todd Messer - Despite a formal 'no-bailout clause; we estimate significant net present value transfers from the European Union to Cyprus, Greece, Ireland, Portugal, and Spain, ranging from roughly 0.5% (Ireland) to a whopping 43% (Greece) of 2010 output during the Eurozone crisis. www.federalreserve.gov/econres/ifdp/the-economics-of-sovereign-debt-bailouts-and-the-eurozone-crisis.htm

August 2, 2022 - Press Releases search results
Agencies Invite Comment on Proposed Commercial Real Estate Loan Workouts and Accommodations Statement - The National Credit Union Administration, the Federal Deposit Insurance Corporation, and the Office of the Comptroller of the Currency, in consultation with state bank and credit union regulators, are inviting public comment on a proposed policy statement for prudent commercial real estate loan accommodations and workouts. www.ncua.gov/newsroom/press-release/2022/agencies-invite-comment-proposed-commercial-real-estate-loan-workouts-and-accommodations-statement

August 2, 2022 - Acting Comptroller Discusses Cybersecurity Risks to Financial Sector - Acting Comptroller of the Currency Michael J. Hsu today discussed cybersecurity risks facing the financial sector before the Financial and Banking Information Infrastructure Committee and the Financial Services Sector Coordinating Council. www.occ.gov/news-issuances/news-releases/2022/nr-occ-2022-94.html

August 2, 2022 - Credit Administration: Notice and Request for Comment on Proposed Interagency Policy Statement on Prudent Commercial Real Estate Loan Accommodations and Workouts - The Office of the Comptroller of the Currency, the Federal Deposit Insurance Corporation, and the National Credit Union Administration today published a request for comment on a proposed interagency policy statement on commercial real estate loan accommodations and workouts. www.occ.gov/news-issuances/bulletins/2022/bulletin-2022-19.html

August 2, 2022 - Advisory to FDIC-Insured Institutions Regarding Deposit Insurance and Dealings with Crypto Companies - To address certain misrepresentations about FDIC deposit insurance by some crypto companies, the FDIC is issuing an Advisory to FDIC-insured institutions Regarding Deposit Insurance and Dealings with Crypto Companies. www.fdic.gov/news/financial-institution-letters/2022/fil22035.html

August 1, 2022 - OCC Allows National Banks and Federal Savings Associations Affected by Flooding in Kentucky to Close - The Office of the Comptroller of the Currency today issued a proclamation allowing national banks, federal savings associations, and federal branches and agencies of foreign banks to close offices in areas affected by flooding in Kentucky. www.occ.gov/news-issuances/news-releases/2022/nr-occ-2022-93.html

August 1, 2022 - Community Banking Bulletin: Capital Adequacy Measures Diverge During Pandemic - Unprecedented asset growth during the pandemic placed downward pressure on leverage capital ratios while total risk-based capital ratios improved. www.kansascityfed.org/banking/community-banking-bulletin/highlight-capital-adequacy-measures-diverge-during-pandemic/

August 1, 2022 - Foreign Exchange Rates - G.5 - The table below shows the average rates of exchange in JULY 2022 together with comparable figures for other months. www.federalreserve.gov/releases/g5/current/default.htm

August 1, 2022 - Labor Market Tightness during WWI and the Postwar Recession of 1920-1921 - Haelim Anderson and Jin-Wook Chang - The U.S. economy entered the 1920s with a robust job market and high inflation but fell into a recession following the Federal Reserve's discount rate hikes to tame inflation. www.federalreserve.gov/econres/feds/labor-market-tightness-during-WWI-and-the-postwar-recession-of-1920-1921.htm

August 1, 2022 - On the optimal design of transfers and income-tax progressivity - Axelle Ferriere, Philipp Gr�bener, Gaston Navarro, and Oliko Vardishvili - We study the optimal design of means-tested transfers and progressive income taxes. www.federalreserve.gov/econres/ifdp/on-the-optimal-design-of-transfers-and-income-tax-progressivity.htm

August 1, 2022 - Senior Loan Officer Opinion Survey on Bank Lending Practices, July 2022 - Survey of up to eighty large domestic banks and twenty-four U.S. branches and agencies of foreign banks. www.federalreserve.gov/data/sloos.htm

August 1, 2022 - Federal Reserve Board announces it is seeking individuals to serve on its Insurance Policy Advisory Committee - Federal Reserve Board announces it is seeking individuals to serve on its Insurance Policy Advisory Committee. www.federalreserve.gov/newsevents/pressreleases/other20220801a.htm