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 30, 2024 - The Role of Nonbanks and Fintechs in Boosting India’s UPI Person-to-Merchant Transactions - India’s Unified Payments Interface, a mobile-based instant payment system that often involves a quick response code, has grown significantly since launching in 2016. www.kansascityfed.org/research/payments-system-research-briefings/the-role-of-nonbanks-and-fintechs-in-boosting-indias-upi-person-to-merchant-transactions/

August 30, 2024 - Parrott Joins St. Louis Fed’s Transportation Industry Council - David Parrott, vice president of finance for UPS Airlines in Louisville, Ky., has been named to the Transportation Industry Council of the Federal Reserve Bank of St. Louis. www.stlouisfed.org/news-releases/2024/08/parrott-joins-transportation-council

August 30, 2024 - FDIC Issues CRA Examination Schedules for Fourth Quarter 2024 and First Quarter 2025 - The Federal Deposit Insurance Corporation today issued the lists of institutions scheduled for a Community Reinvestment Act examination during the fourth quarter 2024 and first quarter 2025. www.fdic.gov/news/press-releases/2024/fdic-issues-cra-examination-schedules-fourth-quarter-2024-and-first

August 30, 2024 - 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 2024. www.fdic.gov/news/press-releases/2024/fdic-makes-public-july-enforcement-actions

August 30, 2024 - Internationalization of the Chinese renminbi: progress and outlook - The international role of the Chinese renminbi has received increased attention recently as Chinese authorities push for increased international usage of the renminbi and Western sanctions on Russia potentially increase renminbi attractiveness. www.federalreserve.gov/econres/notes/feds-notes/internationalization-of-the-chinese-renminbi-progress-and-outlook-20240830.html

August 30, 2024 - Credit and Liquidity Programs and the Balance Sheet - Recent balance sheet trends, weekly chart update.  www.federalreserve.gov/monetarypolicy/bst_recenttrends.htm

August 30, 2024 - Monetary Policy in Uncertain Times - As the opening quote suggests, it may be optimal for monetary policymakers to act more cautiously when uncertainty is high.   www.federalreserve.gov/econres/notes/feds-notes/monetary-policy-in-uncertain-times-20240830.html

August 30, 2024 - The interaction of bank leverage, interest rate risk, and runnable funding - Silicon Valley Bank, Signature Bank, First Republic Bank had too little useable liquidity relative to their runnable funding and too little capital given the magnitude of their interest rate risk. www.federalreserve.gov/econres/notes/feds-notes/the-interaction-of-bank-leverage-interest-rate-risk-and-runnable-funding-20240830.html

August 29, 2024 -The Federal Financial Institutions Examination Council,1 on behalf of its members, is issuing this statement to communicate that the FFIEC will sunset the Cybersecurity Assessment Tool on August 31, 2025. www.occ.treas.gov/news-issuances/bulletins/2024/bulletin-2024-25.html

August 29, 2024 - Cybersecurity: FFIEC Cybersecurity Assessment Tool Sunset Statement - https://www.fdic.gov/news/financial-institution-letters/2024/sunset-ffiec-cybersecurity-assessment-tool?source=govdelivery&utm_medium=email&utm_source=govdelivery

August 29, 2024 - OCC Issues Fourth Quarter 2024 and First Quarter 2025 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 2024 and the first quarter of 2025. www.occ.gov/news-issuances/news-releases/2024/nr-occ-2024-94.html

August 29, 2024 - Determinants of Recent CRE Distress: Implications for the Banking Sector - Determinants of Recent CRE Distress: Implications for the Banking Sector.   www.federalreserve.gov/econres/feds/determinants-of-recent-cre-distress-implications-for-the-banking-sector.htm
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August 29, 2024 - Acting Comptroller Issues Statement Promoting Accountability at the FDIC - Acting Comptroller of the Currency Michael J. Hsu today issued the following statement in support of his vote on a Federal Deposit Insurance Corporation resolution to support a safe, fair and inclusive workplace for all FDIC employees. www.occ.gov/news-issuances/news-releases/2024/nr-occ-2024-93.html

August 29, 2024 - Updated FFIEC IT Examination Handbook – Development, Acquisition, and Maintenance Booklet - The booklet replaces the Development and Acquisition booklet issued in April 2004.
Press Release: www.fdic.gov/news/financial-institution-letters/2024/updated-ffiec-it-examination-handbook-development 
Press Release: www.ncua.gov/newsroom/press-release/2024/financial-regulators-update-examiner-guidance-financial-institutions-information-technology
Press Release: https://www.occ.gov/news-issuances/bulletins/2024/bulletin-2024-25.html

August 29, 2024 - Determinants of Recent CRE Distress: Implications for the Banking Sector - Determinants of Recent CRE Distress: Implications for the Banking Sector.   www.federalreserve.gov/econres/feds/determinants-of-recent-cre-distress-implications-for-the-banking-sector.htm

August 28, 2024 - Considerations for the Longer-Run Maturity Composition of the Federal Reserve’s Treasury Portfolio - The Federal Reserve’s Treasury portfolio is weighted toward long-duration assets, reflecting large-scale asset purchases deployed after the financial crisis and again during the pandemic. www.kansascityfed.org/research/economic-bulletin/considerations-for-the-longer-run-maturity-composition-of-the-federal-reserves-treasury-portfolio/

August 28, 2024 - Out of Sight, Out of Mind: Nearby Branch Closures and Small Business Growth - Since 2010, the total number of commercial bank branches in the United States has fallen by about 20%. www.federalreserve.gov/econres/feds/out-of-sight-out-of-mind-nearby-branch-closures-and-small-business-growth.htm

August 28, 2024 - Statistical Release - Finance Companies - G.20.  www.federalreserve.gov/releases/g20/current/default.htm

August 28, 2024 - Speech by Governor Waller on interlinking fast payment systems At the Global Fintech Fest, Mumbai, India.   www.federalreserve.gov/newsevents/speech/waller20240828a.htm

August 28, 2024 - Federal Reserve Board announces final individual capital requirements for all large banks, effective on October 1 - Large bank capital requirements are informed by the Board's stress test results, which provide a risk-sensitive and forward-looking assessment of capital needs. www.federalreserve.gov/newsevents/pressreleases/bcreg20240828a.htm

August 27, 2024 - Partial Homeownership: A Quantitative Analysis - A convex combination of renting and homeownership—Partial Ownership —is increasingly popular in many countries. www.federalreserve.gov/econres/feds/partial-homeownership-a-quantitative-analysis.htm

August 27, 2024 - Money Stock Measures - H.6 - The Board of Governors of the Federal Reserve System and the Federal Reserve Bank of St. Louis's Federal Reserve Economic Data program are working together to expand options for finding, accessing, and visualizing data from the Board's Data Download Program in FRED. www.federalreserve.gov/releases/h6/current/default.htm

August 27, 2024 - Minutes of the Board's discount rate meetings on July 22 and July 31, 2024 - The Federal Reserve Board on Tuesday released the minutes from its recent meetings to review and determine the discount rates provided to depository institutions through the discount window. Today's minutes cover the Board meetings that occurred on July 22 and July 31, 2024. www.federalreserve.gov/newsevents/pressreleases/monetary20240827a.htm

August 26, 2024 - Second Quarter 2024 Banking Conditions - Net interest margins see some relief; liquidity remains challenged. www.kansascityfed.org/banking/district-banking-conditions/second-quarter-2024-banking-conditions/ 

August 26, 2024 - Federal Reserve Board announces approval of application by OakNorth Bank plc - The Federal Reserve Board on Monday announced its approval of the application by OakNorth Bank plc, of London, England, to establish a representative office in New York, New York. www.federalreserve.gov/newsevents/pressreleases/orders20240826a.htm

August 23, 2024 - Cherie Freed Retires From the NCUA - The National Credit Union Administration today announced the retirement of Cherie Freed, regional director of the NCUA’s Western Region, effective August 24, 2024. www.ncua.gov/newsroom/press-release/2024/cherie-freed-retires-ncua   

August 23, 2024 - Tenth District Services Activity Grew Somewhat in August - District services activity grew somewhat in August as sales among business and professional firms rebounded. www.kansascityfed.org/surveys/services-survey/tenth-district-services-activity-grew-somewhat-in-august/

August 23, 2024 - Guidance to Help Financial Institutions and Facilitate Recovery in Areas of Vermont Affected by a Severe Storm, Flooding, Landslides, and Mudslides.   www.fdic.gov/news/financial-institution-letters/2024/guidance-help-financial-institutions-and-facilitate-19

August 23, 2024 - Joint Statement on Banks’ Arrangements with Third Parties to Deliver Bank Deposit Products and Services - The agencies issued the statement to note potential risks related to arrangements between banks and third parties to deliver bank deposit products and services to end users.
Press Release: www.federalreserve.gov/supervisionreg/caletters/caltr2405.htm
Press Release: www.occ.gov/news-issuances/bulletins/2024/bulletin-2024-24.html

August 23, 2024 - Legal Interpretations - Bank Holding Company Act, June 20, 2024. www.federalreserve.gov/supervisionreg/legalinterpretations/bhc_changeincontrol2024.htm

August 23, 2024 - Credit and Liquidity Programs and the Balance Sheet - Recent balance sheet trends, weekly chart update.   www.federalreserve.gov/monetarypolicy/bst_recenttrends.htm

August 23, 2024 - The COVID-19 Pandemic and Family Economic Well-being: Evidence from the Survey of Consumer Finances - We establish connections between family experiences of the pandemic, their income under normal conditions, and their later economic well-being using the 2022 Survey of Consumer Finances. www.federalreserve.gov/econres/feds/the-covid-19-pandemic-and-family-economic-well-being-evidence-from-the-survey-of-consumer-finances.htm

August 23, 2024 - Speech by Chair Powell on the economic outlook At “Reassessing the Effectiveness and Transmission of Monetary Policy,” an economic symposium sponsored by the Federal Reserve Bank of Kansas City, Jackson Hole, Wyoming www.federalreserve.gov/newsevents/speech/powell20240823a.htm

August 22, 2024 - OCC Announces Enforcement Actions for August 2024 - The OCC uses enforcement actions against banks to require the board of directors and management to take timely actions to correct the deficient practices or violations identified. www.occ.gov/news-issuances/news-releases/2024/nr-occ-2024-92.html
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August 22, 2024 - OCC Announces Enforcement Actions for August 2024 - The Office of the Comptroller of the Currency (OCC) today released enforcement actions taken against national banks and federal savings associations (banks), and individuals currently and formerly affiliated with banks the OCC supervises. https://www.occ.treas.gov/news-issuances/news-releases/2024/nr-occ-2024-92.html

August 21, 2024 - New Evidence on Where Payday Lenders Locate Their Storefronts - Consumers get payday loans primarily from state-licensed storefront locations�of which there were an estimated 13,700 nationwide in 2018�where loans have a median amount of $350 and typical fees equate to an average annual percentage rate of almost 400%. www.chicagofed.org/publications/chicago-fed-letter/2024/496

August 21, 2024 - Kansas City Fed�s Jackson Hole Symposium Set for Aug. 22 To 24 - This year�s theme will explore lessons learned from the response of monetary policy to the pandemic and the surge in inflation. www.kansascityfed.org/newsroom/2024-news-releases/kansas-city-feds-jackson-hole-symposium-set-for-aug-22-to-24/

August 21, 2024 - New National Survey: Poor Economic Conditions Hurting Community Improvement - A new national survey of people and organizations in low- to moderate-income communities indicates that poor economic conditions are hampering improvement, led by housing and personal finance difficulties. www.stlouisfed.org/news-releases/2024/08/community-perspectives-survey-released

August 21, 2024 - Guidance to Help Financial Institutions and Facilitate Recovery in Areas of South Dakota Affected by Severe Storms, Straight-line Winds, and Flooding.   www.fdic.gov/news/financial-institution-letters/2024/guidance-help-financial-institutions-and-facilitate-18

August 21, 2024 - FDIC Board Appoints Carrie H. Cohen as Independent Monitor to Support Cultural Transformation - The Federal Deposit Insurance Corporation Board of Directors today selected Carrie H. Cohen, partner at Morrison Foerster LLP, to serve as the agency�s independent transformation monitor. www.fdic.gov/news/press-releases/2024/fdic-board-appoints-carrie-h-cohen-independent-monitor-support-cultural

August 21, 2024 - Minutes of the Federal Open Market Committee, July 30�31, 2024.  www.federalreserve.gov/newsevents/pressreleases/monetary20240821a.htm

August 20, 2024 - Seventh District Midyear Review: Economic Growth Continued to Be Solid in the First Half of 2024 - Overall, economic growth was steady during the first half of 2024 in both the nation and the Seventh Federal Reserve District. www.chicagofed.org/publications/chicago-fed-insights/2024/seventh-district-midyear-review-2024

August 20, 2024 - Speech by Governor Bowman on the economic outlook and financial inclusion At the Alaska Bankers Association, Anchorage, Alaska.   www.federalreserve.gov/newsevents/speech/bowman20240820a.htm

August 19, 2024 - 2024 Minorities in Banking Forum - Multi-day event, October 2 � 3 Federal Reserve Bank of Cleveland, 1455 East Sixth Street, Cleveland, OH 44114 - This event is designed to bring together mid- to senior-level leaders in the financial services industry and will focus on diversity and inclusion, leadership, and career enhancement. Sessions will include industry updates, professional development conversations, diversity and inclusion strategies, and networking opportunities. www.kansascityfed.org/events/2024-minorities-in-banking-forum/

August 19, 2024 - Investment Connection - Colorado 2024 - 11:30 a.m. � 1:45 p.m., MDT - Presentations on eight new and existing community and economic development proposals from across Colorado will be shared. www.kansascityfed.org/events/investment-connection-co-09-12-2024/

August 19, 2024 - Banking & Supervision Forum - Scottsbluff, NE - Wednesday, August 28, 2024 11:30 a.m. , US/Mountain - This in-person forum will provide an opportunity for district bankers to join us for a discussion on emerging topics and economic conditions. www.kansascityfed.org/events/banking-supervision-forum-scottsbluff-ne-20240828/

August 19, 2024 - Welcoming remarks by Governor Waller at the 2024 Summer Workshop on Money, Banking, Payments, and Finance At the Summer Workshop on Money, Banking, Payments, and Finance, Washington, D.C. www.federalreserve.gov/newsevents/speech/waller20240819a.htm

August 16, 2024 - National Association of State Treasurers Annual Conference - Chicago Fed President and CEO Austan Goolsbee will engage in a keynote conversation on monetary policy and the U.S. economy on Sept. 23, 2024, at the annual NAST meeting taking place at Swissotel Chicago. www.chicagofed.org/publications/speeches/2024/sept-23-national-association-state-treasurers

August 16, 2024 - Fireside Chat with Angeles Investors - Austan D. Goolsbee, president and CEO of the Federal Reserve Bank of Chicago, joined Adela Cepeda, co-founder and chair of Angeles Investors, in a fireside chat about the economy at Angeles's quarterly meeting in Chicago on August 16, 2024. www.chicagofed.org/publications/speeches/2024/aug-16-angeles-investors

August 16, 2024 - Guidance to Help Financial Institutions and Facilitate Recovery in Areas of Florida Affected by Hurricane Debby. www.fdic.gov/news/financial-institution-letters/2024/guidance-help-financial-institutions-and-facilitate-17 

August 16, 2024 - Questions and Answers Regarding FDIC Official Signs and Advertising Requirements, False Advertising, Misrepresentation of Insured Status, and Misuse of the FDIC Name or Logo.  www.fdic.gov/news/financial-institution-letters/2024/questions-and-answers-regarding-fdic-official-signs-and

August 16, 2024 - Statistical Release - Large Commercial Banks.  www.federalreserve.gov/releases/lbr/

August 16, 2024 - Offline Payments: Implications for Reliability and Resiliency in Digital Payment Systems - With the proliferation of digital payments, internet-based technology has been integral in supporting the delivery of these transactions. www.federalreserve.gov/econres/notes/feds-notes/offline-payments-implications-for-reliability-and-resiliency-in-digital-payment-systems-20240816.html

August 16, 2024 - Annual Report - This report covers the calendar-year operations and activities carried out by the Board in its five key functional areas: (1) monetary policy, (2) financial stability, (3) supervision and regulation, (4) payment system and Reserve Bank oversight, and (5) consumer and community affairs. www.federalreserve.gov/publications/annual-report.htm

August 16, 2024 - Insurance, Weather, and Financial Stability - Insurance, Weather, and Financial Stability. www.federalreserve.gov/econres/feds/insurance-weather-and-financial-stability.htm

August 16, 2024 - Credit and Liquidity Programs and the Balance Sheet - Recent balance sheet trends, weekly chart update. www.federalreserve.gov/monetarypolicy/bst_recenttrends.htm

August 16, 2024 - Interconnectedness in the Corporate Bond Market - Does interconnectedness improve market quality? www.federalreserve.gov/econres/feds/interconnectedness-in-the-corporate-bond-market.htm

August 16, 2024 - Auto Finance in the Electric Vehicle Transition - Financing cost differentials tilt the calculus for households toward electric vehicles. www.federalreserve.gov/econres/feds/auto-finance-in-the-electric-vehicle-transition.htm

August 15, 2024 - AgLetter Insights: Tightening Conditions Characterize Regional Agriculture in Second Quarter - Economic conditions for agriculture continued to tighten in the Federal Reserve Bank of Chicago�s five-state District, with farmland value increases slowing again and credit challenges growing.  https://www.chicagofed.org/publications/chicago-fed-insights/2024/august-agletter-insights

August 15, 2024 - Commercial Real Estate Activity in the Tenth District Continued to Stabilize - The KC Fed CRE Index - 2024 Third Quarter Release.  www.kansascityfed.org/data-and-trends/kansas-city-cre-index/kc-fed-cre-index-quarterly-release/

August 15, 2024 - Jackson Hole Economic Policy Symposium - The 2024 Economic Policy Symposium. "Reassessing the Effectiveness and Transmission of Monetary Policy," will be held Aug. 22-24. www.kansascityfed.org/research/jackson-hole-economic-symposium/about-jackson-hole-economic-symposium/
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August 15, 2024 - National Association of State Treasurers Annual Conference - Chicago Fed President and CEO Austan Goolsbee will engage in a keynote conversation on monetary policy and the U.S. economy on Sept. 23, 2024, at the annual NAST meeting taking place at Swissotel Chicago. www.chicagofed.org/publications/speeches/2024/sept-23-national-association-state-treasurers

August 15, 2024 - 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/2024/nr-occ-2024-91.html

August 15, 2024 - Statistical Release - Industrial Production and Capacity Utilization - G.17 - Industrial production fell 0.6 percent in July after increasing 0.3 percent in June. www.federalreserve.gov/releases/g17/current/default.htm

August 15, 2024 - Federal Reserve Board issues enforcement actions with Heritage Bancshares Group Inc. Employee Stock Ownership Plan and Trust and Heritage Bancshares Group, Inc., and SNB Bancshares, Inc. and Bank of Eufaula.  www.federalreserve.gov/newsevents/pressreleases/enforcement20240815a.htm

August 14, 2024 - Why Haven�t Recent Rate Increases Slowed the Economy More? Look to Unusually Low Private-Lending Spreads - Despite a large and rapid increase in the policy rate since March 2022, economic activity has remained resilient. www.kansascityfed.org/research/economic-bulletin/why-havent-recent-rate-increases-slowed-the-economy-more-look-to-unusually-low-private-lending-spreads/

August 14, 2024 - 2020 Survey of Finance Companies - Finance companies represent an important source of debt and lease financing to consumers and businesses. www.federalreserve.gov/econres/feds/files/2024064pap.pdf

August 13, 2024 - Qualified Professional Asset Manager Exemption Amendment - This issuance is intended to notify FDIC-supervised institutions of an amendment of the U.S. Department of Labor�s Prohibited Transaction Class Exemption rule for Qualified Professional Asset Manager exemptions. www.fdic.gov/news/financial-institution-letters/2024/qualified-professional-asset-manager-qpam-exemption

August 13, 2024 - Report and Disclosures on Funding, Credit, Liquidity, and Loan Facilities, August 2024. https://www.federalreserve.gov/publications/files/13-3-report-20240813.pdf

August 13, 2024 - Report to Congress Pursuant to Section 13(3) of the Federal Reserve Act: Bank Term Funding Program, August 2024 www.federalreserve.gov/publications/reports-to-congress-pursuant-to-section-13-3-btfp.htm

August 13, 2024 - Equilibrium Yield Curves with Imperfect Information - I study the dynamics of default-free bond yields and term premia using a novel equilibrium term structure model with a New-Keynesian core and imperfect information about productivity. www.federalreserve.gov/econres/feds/equilibrium-yield-curves-with-imperfect-information.htm

August 12, 2024 - Third Conference on the International Roles of the U.S. Dollar - On May 20 and 21, 2024, the Federal Reserve Board and the Federal Reserve Bank of New York jointly hosted the Third Annual International Roles of the U.S. Dollar Conference. www.federalreserve.gov/econres/notes/feds-notes/third-conference-on-the-international-roles-of-the-u-s-dollar-20240812.html

August 10, 2024 - Speech by Governor Bowman on the economic outlook, and perspective on bank culture, M&A, and liquidity At the 2024 CEO and Senior Management Summit and Annual Meeting, sponsored by the Kansas Bankers Association, Colorado Springs, Colorado.  www.federalreserve.gov/newsevents/speech/bowman20240810a.htm

August 9, 2024 - Proposed Joint Rule Establishing Data Standards under the Financial Data Transparency Act of 2022 - The FDIC is issuing a joint Notice of Proposed Rulemaking as required by the Financial Data Transparency Act of 2022.  www.fdic.gov/news/financial-institution-letters/2024/proposed-joint-rule-establishing-data-standards-under

August 9, 2024 - Classification of Interactive Teller Machines as Domestic Branches or Remote Service Units - Section 18(d) of the Federal Deposit Insurance Act (12 U.S.C. � 1828(d)) requires a state nonmember bank to obtain the FDIC�s consent before establishing a domestic branch. www.fdic.gov/news/financial-institution-letters/2024/classification-interactive-teller-machines-domestic

August 9, 2024 - Inflation Expectations with Finite Horizon Planning - Under finite horizon planning, households and firms evaluate a full set of state-contingent paths along which the economy might evolve out to a finite horizon but have limited ability to process events beyond that horizon. www.federalreserve.gov/econres/feds/inflation-expectations-with-finite-horizon-planning.htm

August 9, 2024 - The Macroeconomic Effects of Excess Savings - We study the consequences of shocks to the household wealth distribution in dynamic general equilibrium by characterizing the rate at which excess wealth is depleted. www.federalreserve.gov/econres/feds/the-macroeconomic-effects-of-excess-savings.htm

August 9, 2024 - Credit and Liquidity Programs and the Balance Sheet - Recent balance sheet trends, weekly chart update.  www.federalreserve.gov/monetarypolicy/bst_recenttrends.htm

August 9,2024 - Limited (Energy) Supply, Monetary Policy, and Sunspots - In a simple New Keynesian open economy setting, we analyze how local input shortages influence policy transmission and equilibrium determinacy. www.federalreserve.gov/econres/ifdp/limited-energy-supply-monetary-policy-and-sunspots.htm

August 9, 2024 - The Effect of Export Market Access on Labor Market Power: Firm-level Evidence from Vietnam - We examine the impact of an export market expansion created by the US-Vietnam Bilateral Trade Agreement on labor market competition among Vietnamese manufacturing firms. www.federalreserve.gov/econres/ifdp/the-effect-of-export-market-access-on-labor-market-power-firm-level-evidence-from-vietnam.htm

August 9, 2024 - Federal Open Market Committee announces its tentative meeting schedule for 2025 and 2026. www.federalreserve.gov/newsevents/pressreleases/monetary20240809a.htm

August 8, 2024 - OCC Allows National Banks and Federal Savings Associations in Areas Affected by Hurricane Debby 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 of Maryland, North Carolina, South Carolina, Virginia, and Washington, D.C. affected by Hurricane Debby. www.occ.gov/news-issuances/news-releases/2024/nr-occ-2024-90.html

August 8, 2024 - St. Louis Fed Names Matthew W. Torbett as Federal Reserve System Treasury Director - The Federal Reserve Bank of St. Louis has named Executive Vice President Matthew W. Torbett as Federal Reserve System Treasury director, effective Aug. 15, 2024. www.stlouisfed.org/news-releases/2024/08/st-louis-fed-names-matthew-torbett-federal-reserve-system-treasury-director

August 8, 2024 - St. Louis Fed Appoints Fran�ois G. Henriquez as First Vice President and Chief Operating Officer - The Federal Reserve Bank of St. Louis announced today that Fran�ois G. Henriquez has been appointed first vice president and chief operating officer, effective Aug. 15, 2024. www.stlouisfed.org/news-releases/2024/08/st-louis-fed-appoints-francois-henriquez-first-vice-president-chief-operating-officer

August 8, 2024 - FDIC Establishes Initial Submission Dates for Resolution Plans and Informational Filings For Covered Institutions - This FIL supplements FIL 34-2024 regarding Final Rulemaking on Resolution Plans Required for Insured Depository Institutions with $100 Billion or More in Total Assets; Informational Filings Required for Insured Depository Institutions with At Least $50 Billion but Less Than $100 Billion in Total Assets issued on June 20, 2024. www.fdic.gov/news/financial-institution-letters/2024/fdic-establishes-initial-submission-dates-resolution-plans
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August 8, 2024 - Federal Reserve Board issues enforcement action with Customers Bancorp, Inc. and Customers Bank.  www.federalreserve.gov/newsevents/pressreleases/enforcement20240808a.htm

August 7, 2024 - Federal Reserve Gov. Michelle Bowman to Give 2024 Community Banking Research Conference Keynote - Federal Reserve Gov. Michelle Bowman will give opening keynote remarks for the 2024 Community Banking Research Conference, taking place Oct. 2-3, 2024. www.stlouisfed.org/news-releases/2024/08/federal-reserve-gov-michelle-bowman-to-give-2024-community-banking-research-conf-keynote

August 7, 2024 - Banking Information and Regulation - Supervision and Regulation Assessment for 2023.  www.federalreserve.gov/supervisionreg/supervisory-assessment-fees.htm

August 7, 2024 - Statistical Release - Consumer Credit - G.19 - Consumer credit increased at a seasonally adjusted annual rate of 2.4 percent during the second quarter. www.federalreserve.gov/releases/g19/current/default.htm

August 6, 2024 - LMCI suggests the level of activity was little changed, and momentum decelerated moderately in July - The level of activity was little changed in July at 0.50, still above its historical average though half as high as a year ago and lower than its pre-pandemic level. www.kansascityfed.org/data-and-trends/lmci/current-release/

August 5, 2024 - Agricultural Economic Summit Highlights Growing Connection Between Agriculture and Energy - The agriculture and energy sectors have become more tightly connected as renewable energy increases demand for input crops and creates alternative income opportunities for farms. www.kansascityfed.org/research/economic-bulletin/agricultural-economic-summit-highlights-growing-connection-between-agriculture-and-energy/

August 5, 2024 - Fireside Chat with Angeles Investors - Austan D. Goolsbee, president and CEO of the Federal Reserve Bank of Chicago, will join Adela Cepeda, co-founder and chair of Angeles Investors, in a fireside chat about the economy at Angeles's quarterly meeting taking place in Chicago on August 16, 2024. www.chicagofed.org/utilities/about-us/office-of-the-president/office-of-the-president-speaking

August 5, 2024 - OCC Allows National Banks and Federal Savings Associations in Florida and Georgia Affected by Hurricane Debby to Close. www.occ.gov/news-issuances/news-releases/2024/nr-occ-2024-89.html

August 5, 2024 - FDIC Issues List of Banks Examined for CRA Compliance - The list covers evaluation ratings that the FDIC assigned to institutions in May 2024. www.fdic.gov/news/press-releases/2024/fdic-issues-list-banks-examined-cra-compliance-0

August 5, 2024 - Surveys and Reports - Senior Loan Officer Opinion Survey on Bank Lending Practices, July 2024. www.federalreserve.gov/data/sloos.htm

August 5, 2024 - Federal Reserve Board announces that it is seeking individuals to serve on its Insurance Policy Advisory Committee - The Federal Reserve Board on Monday announced that it is seeking individuals with a diverse set of expert insurance perspectives in life, property and casualty, and reinsurance issues to serve on its Insurance Policy Advisory Committee, or IPAC. www.federalreserve.gov/newsevents/pressreleases/other20240805a.htm

August 2, 2024 - Mark Thomas Named Chief Financial Officer - The Office of the Comptroller of the Currency today announced the selection of Mark Thomas to be the agency�s Principal Deputy Comptroller for Management and Chief Financial Officer. www.occ.gov/news-issuances/news-releases/2024/nr-occ-2024-88.html

August 2, 2024 - Cybersecurity and Financial System Resilience Report, July 2024 - This report covers the Board�s policies and procedures related to cybersecurity risk management; activities to address cybersecurity risks; and current and emerging cybersecurity threats, including forms of malware and supply chain risks. www.federalreserve.gov/publications/files/cybersecurity-report-202407.pdf

August 2, 2024 - Disinflation Progress: A Comparison of Advanced Economies - Following several decades of low inflation in most advanced economies, the Covid pandemic gave rise to unprecedented global economic conditions, materializing in a synchronized surge in price pressures. www.federalreserve.gov/econres/notes/feds-notes/disinflation-progress-a-comparison-of-advanced-economies-20240802.html

August 2, 2024 - Private Credit Growth and Monetary Policy Transmission - In this note, we examine the recent growth of private credit markets and its effects on monetary policy transmission. www.federalreserve.gov/econres/notes/feds-notes/private-credit-growth-and-monetary-policy-transmission-20240802.html

August 2, 2024 - Oil Price Shocks and Inflation in a DSGE Model of the Global Economy - The 2022 inflation surge has renewed interest in the drivers of inflation, with special attention on the role of oil and other commodity prices given the large increase in these prices post-pandemic. www.federalreserve.gov/econres/notes/feds-notes/oil-price-shocks-and-inflation-in-a-dsge-model-of-the-global-economy-20240802.html

August 2, 2024 - Estimating Securities-Based Loans Outstanding - Securities-based loans are loans for personal use that are backed by the borrowers' investment portfolios. www.federalreserve.gov/econres/notes/feds-notes/estimating-securities-based-loans-outstanding-20240802.html

August 2, 2024 - As the U.S. is Derisking from China, Other Foreign U.S. Suppliers Are Relying More on Chinese Imports - China's share of U.S. goods imports has fallen significantly since 2017 following the U.S.-China tariff hikes and other geopolitical tensions. www.federalreserve.gov/econres/notes/feds-notes/as-the-u-s-is-derisking-from-china-Other-foreign-u-s-suppliers-are-relying-more-on-chinese-imports-20240802.html

August 2, 2024 - FOIA - Chair Powell's calendar, June 2024. www.federalreserve.gov/foia/chair-powell-calendar-062024.htm

August 2, 2024 - Credit and Liquidity Programs and the Balance Sheet - Recent balance sheet trends, weekly chart update. www.federalreserve.gov/monetarypolicy/bst_recenttrends.htm

August 2, 2024 - Quantities and Covered-Interest Parity - Studies of intermediated arbitrage argue that bank balance sheets are an important consideration, yet little evidence exists on banks� positioning in this context. www.federalreserve.gov/econres/feds/quantities-and-covered-interest-parity.htm
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August 2, 2024 - Spectral backtests unbounded and folded - In the spectral backtesting framework of Gordy and McNeil (2020) a probability measure on the unit interval is used to weight the quantiles of greatest interest in the validation of forecast models using probability-integral transform data. www.federalreserve.gov/econres/feds/spectral-backtests-unbounded-and-folded.htm

August 2, 2024 - Optimal Monetary Policy with Uncertain Private Sector Foresight - Central banks operate in a world in which there is substantial uncertainty regarding the transmission of its actions to the economy because of uncertainty regarding the formation of private-sector expectations. www.federalreserve.gov/econres/feds/optimal-monetary-policy-with-uncertain-private-sector-foresight.htm

August 2, 2024 - Federal Reserve Board requests comment on a proposed rule that would establish data standards for certain information collections - Federal Reserve Board requests comment on a proposed rule that would establish data standards for certain information collections. www.federalreserve.gov/newsevents/pressreleases/bcreg20240802a.htm

August 1, 2024 - Statistical Release - Foreign Exchange Rates - G.5 - The table below shows the average rates of exchange in JULY 2024 together with comparable figures for other months. www.federalreserve.gov/releases/g5/current/default.htm
 
August 1, 2024 - Federal Reserve Board announces approval of application by Bank7- The Federal Reserve Board on Thursday announced its approval of the application by Bank7, located in Oklahoma City, Oklahoma, to establish a branch at 4003 East 51st Street, Tulsa, Oklahoma. www.federalreserve.gov/newsevents/pressreleases/orders20240801a.htm ______________________________

Office of Inspector General - The FDIC has not implemented an effective sexual harassment prevention program that facilitates the reporting of sexual harassment misconduct allegations and has not always investigated and addressed allegations of sexual harassment promptly and effectively. https://www.fdicoig.gov/sites/default/files/reports/2024-08/EVAL-24-05.pdf

August 1, 2024 - Economic Growth and Regulatory Paperwork Reduction Act of 1996: Regulatory Review to Identify Outdated, Unnecessary, or Unduly Burdensome Regulations - EGRPRA requires the agencies to review their regulations every 10 years to identify outdated, unnecessary, or unduly burdensome regulations applicable to insured depository institutions. www.occ.gov/news-issuances/bulletins/2024/bulletin-2024-22.html

August 1, 2024 - OCC Releases CRA Evaluations for 27 National Banks and Federal Savings Associations - Of the 27 evaluations made public this month, one is rated substantial noncompliance, 20 are rated satisfactory, and six are rated outstanding. www.occ.gov/news-issuances/news-releases/2024/nr-occ-2024-87.html