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.

December 30, 2022 - FDIC Makes Public November Enforcement Actions - The Federal Deposit Insurance Corporation today released a list of orders of administrative enforcement actions taken against banks and individuals in November 2022. www.fdic.gov/news/press-releases/2022/pr22090.html

December 30, 2022 - Credit and Liquidity Programs and the Balance Sheet - Recent balance sheet trends, weekly chart update.  www.federalreserve.gov/monetarypolicy/bst_recenttrends.htm

December 30, 2022 - Regulatory Reform - Discount Window Lending, 2020:Q4.  www.federalreserve.gov/regreform/discount-window.htm

December 30, 2022 - Publication - Government Performance and Results Act Annual Performance Plan 2023 - The Government Performance and Results Act of 1993 requires federal agencies to prepare a strategic plan covering a multiyear period and requires each agency to submit an annual performance plan and an annual performance report. www.federalreserve.gov/publications/gpra.htm

December 29, 2022 - Community Reinvestment Act: Revision of Small and Intermediate Small Bank and Savings Association Asset Thresholds - This bulletin adjusts the threshold amounts based on the annual percentage change in a measure of the Consumer Price Index. www.occ.gov/news-issuances/bulletins/2022/bulletin-2022-28.html
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December 30, 2022 - FDIC Makes Public November Enforcement Actions - The Federal Deposit Insurance Corporation (FDIC) today released a list of orders of administrative enforcement actions taken against banks and individuals in November 2022. There is one administrative hearing scheduled for January 2023. https://www.fdic.gov/news/press-releases/2022/pr22090.html

December 29, 2022 - 29th Annual Automotive Insights Symposium - Join us for the 29th Annual Automotive Insights Symposium, Making the Shift: Electric Vehicles and their Impact on Sticker Prices and Automotive Jobs, on January 10�12, 2023, where we will discuss this theme in greater detail. www.chicagofed.org/events/2023/ais-2023

December 28, 2022 - Global Insurance Regulatory or Supervisory Forums, December 2022 = This report is submitted pursuant to section 211(c)(1) of the Act, which directs the Chairman of the Board of Governors of the Federal Reserve System and the Secretary of the U.S. Department of the Treasury, or their designee, to submit an annual report to Congress on the efforts of Treasury and the Federal Reserve, in coordination with the National Association of Insurance Commissioners.  www.federalreserve.gov/publications/efforts-of-the-treasury-and-federal-reserve-system-with-respect-to-global-insurance-regulatory-supervisory-forums.htm

December 23, 2022 - Growth in Tenth District Services Activity Declined Slightly - Regional services firms reported a slight decline in activity in December. The employment index fell for the first time since 2020 and recorded the second lowest level in survey history. www.kansascityfed.org/surveys/services-survey/growth-in-tenth-district-services-activity-declined-slightly/

December 23, 2022 - Credit and Liquidity Programs and the Balance Sheet - Recent balance sheet trends, weekly chart update. www.federalreserve.gov/monetarypolicy/bst_recenttrends.htm

December 23, 2022 - Eqilibrium Yield Curves with Imperfect Information - Hiroatsu Tanaka - 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

December 23, 2022 - In Search of a Risk-free Asset - Vladimir Yankov - I examine the role of costly consumer search for the pricing of insured deposits, which is characterized by a large dispersion of offer rates, negative spreads over Treasuries, and upward rigid adjustments following increases in the federal funds rate. www.federalreserve.gov/econres/feds/in-search-of-a-risk-free-asset.htm

December 22, 2022 - Charlie Evans Reflects on 15 Years as President and Policymaker.  www.chicagofed.org/publications/speeches/2022/december-22-qa

December 22, 2022 - NCUA - Statement by Chairman Harper on CDRLF Funding, CLF, and Vendor Authority - National Credit Union Administration Chairman Todd M. Harper today released the following statement on funding for the NCUA�s Community Development Revolving Loan Fund grants, the Central Liquidity Facility agent-member provision, and vendor authority: www.ncua.gov/newsroom/press-release/2022/statement-chairman-harper-cdrlf-funding-clf-and-vendor-authority

December 22, 2022 - Small Business Lending Declines as Loan Demand - Small business commercial and industrial lending decreased in third quarter of 2022, with the 128 respondents to the survey, on net, reporting decreasing loan demand. www.kansascityfed.org/surveys/small-business-lending-survey/small-business-lending-declines-as-loan-demand-softens/

December 22, 2022 - Tenth District Manufacturing Activity Declined at a Slightly Faster Pace - Regional factory activity declined at a slightly faster pace in December than the previous month. The index for raw materials prices also fell to its lowest level since July 2020. www.kansascityfed.org/surveys/manufacturing-survey/tenth-district-manufacturing-activity-declined-at-a-slightly-faster-pace/

December 22, 2022 - Consolidated Reports of Condition and Income for F - ourth Quarter 2022 - The attached materials pertain to the Consolidated Reports of Condition and Income for the December 31, 2022, report date and provide guidance on certain reporting issues. www.fdic.gov/news/financial-institution-letters/2022/fil22054.html 

December 22, 2022 - Status of Certain Investment Funds and their Portfolio Investments for Purposes of Regulation O and Reporting Requirements under Part 363 of FDIC Regulations - The Federal Reserve Board, the Federal Deposit Insurance Corporation , and the Office of the Comptroller of the Currency are issuing the attached interagency statement, which states that the federal banking agencies will continue to exercise discretion to not take enforcement action against either an asset manager that is a principal shareholder of a bank, or a bank for which an asset manager is a principal shareholder, with respect to extensions of credit by the bank to the related interests of such asset manager that otherwise would violate Regulation O.
Press Release: www.federalreserve.gov/supervisionreg/srletters/sr2211.htm
Press Release: www.fdic.gov/news/financial-institution-letters/2022/fil22055.html
Press Release: www.occ.gov/news-issuances/bulletins/2022/bulletin-2022-27.html

December 22, 2022 - A North-South Model of Structural Change and Growth - Maria Aristizabal-Ramirez, John Leahy, and Linda Tesar -This paper is motivated by a set of cross-country observations on economic growth, structural transformation, and investment rates in a large sample of countries. www.federalreserve.gov/econres/ifdp/a-north-south-model-of-structural-change-and-growth.htm

December 22, 2022 - Understanding the Strength of the Dollar - Zhengyang Jiang, Robert Richmond, and Tony Zhang - We link the sustained appreciation of the U.S. dollar from 2011 to 2019 to international capital flows driven by primitive economic factors. www.federalreserve.gov/econres/ifdp/understanding-the-strength-of-the-dollar.htm

December 22, 2022 - Senior Credit Officer Opinion Survey on Dealer Financing Terms, December 2022 - The Senior Credit Officer Opinion Survey on Dealer Financing Terms is a quarterly survey providing information about the availability and terms of credit in securities financing and over-the counterderivatives markets. www.federalreserve.gov/data/scoos.htm

December 22, 2022 - Household Debt Service and Financial Obligations Ratios.  www.federalreserve.gov/releases/housedebt/default.htm

December 22, 2022 - International Spillovers of Tighter Monetary Policy - Dario Caldara, Francesco Ferrante, and Albert Queralto - Central banks around the world are tightening monetary policy in response to a global surge in inflation not seen since the 1970s. www.federalreserve.gov/econres/notes/feds-notes/international-spillovers-of-tighter-monetary-policy-20221222.html

December 22, 2022 - Federal Reserve Board announces the appointment of eight members, including six new members, to its Insurance Policy Advisory Committee - The IPAC, which was established by the Economic Growth, Regulatory Relief, and Consumer Protection Act, provides information, advice, and recommendations to the Board on domestic and international insurance issues. www.federalreserve.gov/newsevents/pressreleases/other20221222a.htm
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December 21, 2022 - Have Lags in Monetary Policy Transmission Shortened? - The Federal Open Market Committee�s monetary policy has expanded beyond changing the federal funds rate to include forward guidance and balance sheet policy. www.kansascityfed.org/research/economic-bulletin/have-lags-in-monetary-policy-transmission-shortened/

December 21, 2022 - Passive Ownership and Short Selling - Bastian von Beschwitz, Pekka Honkanen, and Daniel Schmidt - We exploit quasi-exogenous variation in passive ownership around the Russell 1000/2000 cutoff to explore the causal effects of passive ownership on the securities lending market. www.federalreserve.gov/econres/ifdp/passive-ownership-and-short-selling.htm

December 21, 2022 - Financing Repeat Borrowers: Designing Credible Incentives for Today and Tomorrow - Anil K. Jain and Piruz Saboury - We analyze relational contracts between a lender and borrower when borrower cash flows are not contractible and the costs of intermediation vary over time. www.federalreserve.gov/econres/ifdp/financing-repeat-borrowers-designing-credible-incentives-for-today-and-tomorrow.htm

December 21, 2022 - Credit access and relational contracts: An experiment testing informational and contractual frictions for Pakistani farmers - M. Ali Choudhary and Anil K. Jain - Credit access is limited in rural areas, especially in developing economies. Using a novel two-stage experimental design in Pakistan, first, we document that bank lending only serves a small fraction of rural credit demand. www.federalreserve.gov/econres/ifdp/credit-access-and-relational-contracts.htm

December 21, 2022 - Banking Applications Activity Semiannual Report, June 30, 2022 - This report provides information regarding the applications filed by banking organizations and reviewed by the Federal Reserve as of the most recent reporting period ending on June 30 and December 31 of each calendar year. https://www.federalreserve.gov/publications/semiannual-report-on-banking-applications-activity.htm

December 21, 2022 - Federal Reserve Board issues technical updates to its policy governing the provision of intraday credit in accounts at Federal Reserve Banks - In particular, the updates include a new rule establishing settlement times for debits and credits to institutions' Federal Reserve accounts for certain transactions. www.federalreserve.gov/newsevents/pressreleases/bcreg20221221a.htm

December 20, 2022 - Visible Hands: Professional Asset Managers' Expectations and the Stock Market in China - John Ammer, John Rogers, Gang Wang, and Yang Yu - We study how professional fund managers' growth expectations affect the actions they take with respect to equity investment and in turn the effects on prices. www.federalreserve.gov/econres/ifdp/visible-hands-professional-asset-managers-expectations-and-the-stock-market-in-china.htm

December 20, 2022 - How sensitive is the economy to large interest rate increases? Evidence from the taper tantrum - Nitish Sinha and Michael Smolyansky - The �taper tantrum� of 2013 represents one of the largest monetary policy shocks since the 1980s. www.federalreserve.gov/econres/feds/how-sensitive-is-the-economy-to-large-interest-rate-increases.htm

December 20, 2022 - Sectoral Shocks, Reallocation, and Labor Market Policies - Joaquin Garcia-Cabo, Anna Lipinska, and Gaston Navarro - Unemployment insurance and wage subsidies are key tools to support labor markets in recessions. www.federalreserve.gov/econres/ifdp/sectoral-shocks-reallocation-and-labor-market-policies.htm

December 20, 2022 - SR 22-10 / CA 22-10 - Inactive Supervisory Guidance - The purpose of this letter is to announce that Federal Reserve staff has made certain previously issued Supervision and Regulation (SR) and Supervision and Regulation and Consumer Affairs letters inactive. www.federalreserve.gov/supervisionreg/srletters/sr2210.htm

December 19, 2022 - NCUA Releases Q3 2022 State-Level Data Report - Federally insured credit unions experienced continued asset and deposit growth over the year ending in the third quarter of 2022, while loan growth was the strongest in at least two decades, according to the latest NCUA Quarterly U.S. Map Review. www.ncua.gov/newsroom/press-release/2022/ncua-releases-q3-2022-state-level-data-report

December 19, 2022 - St. Louis Fed Releases the Bank On National Data Hub Findings from 2021 - The Bank On National Data Hub: Findings from 2021 report analyzes 2021 data from 28 financial institutions and found that more than 14 million Bank On-certified accounts have been opened, a 67% increase from the previous year. www.stlouisfed.org/news-releases/2022/12/19/st-louis-fed-releases-the-bank-on-national-data-hub-findings-from-2021

December 19, 2022 - Report to Congress on the Presidential $1 Coin Program, December 2022 - Reports on the Federal Reserve and the United States Mint's collaborative efforts to develop the Presidential $1 Coin Program and improve the distribution and circulation of $1 coins. www.federalreserve.gov/publications/presidential-dollar-coin-program.htm

December 19, 2022 - Federal Reserve Board announces approval of application by United Community Banks, Inc. - The Federal Reserve Board on Monday announced its approval of the application by United Community Banks, Inc., Greenville, South Carolina, to merge with Progress Financial Corporation, and thereby indirectly acquire Progress Bank and Trust, both of Huntsville, Alabama. www.federalreserve.gov/newsevents/pressreleases/orders20221219a.htm

December 19, 2022 - Agencies release annual asset-size thresholds under Community Reinvestment Act regulations - The Federal Reserve Board and the Federal Deposit Insurance Corporation today announced the 2023 updated asset-size thresholds used to define "small bank" and "intermediate small bank" under their Community Reinvestment Act regulations.
Press Release: www.federalreserve.gov/newsevents/pressreleases/bcreg20221219a.htm
Press Release: www.fdic.gov/news/press-releases/2022/pr22089.html

December 19, 2022 - Hsu today provided statements at the Financial Stability Oversight Council meeting with respect to climate-related financial risk and the FSOC annual report. www.occ.gov/news-issuances/news-releases/2022/nr-occ-2022-152.html

December 16, 2022 - Economic Bulletin - Use of the Federal Reserve�s overnight reverse repurchase facility rose in 2022, coinciding with deposit outflows and declining reserves at commercial banks. www.kansascityfed.org/research/economic-bulletin/is-bank-capital-regulation-driving-continued-use-of-the-overnight-reverse-repurchase-on-rrp-facility/

December 16, 2022 - St. Louis Fed Hosts Minority Networking Event - The in-person and virtual recruiting event will be held from 5 to 7 p.m. Jan. 31 and will feature information about the St. Louis Fed, including: www.stlouisfed.org/news-releases/2022/12/16/st-louis-fed-hosts-minority-networking-event

December 16, 2022 - Statistical Release - Enhanced Financial Accounts, December 2022 update - These projects provide additional detail for selected areas of the Financial Accounts. See About the EFAs below for more information. www.federalreserve.gov/releases/efa/enhanced-financial-accounts.htm

December 16, 2022 - Credit and Liquidity Programs and the Balance Sheet - Recent balance sheet trends, weekly chart update.  www.federalreserve.gov/monetarypolicy/bst_recenttrends.htm

December 16, 2022 - Federal Reserve Board adopts final rule that implements Adjustable Interest Rate Act by identifying benchmark rates based on SOFR that will replace LIBOR in certain financial contracts after June 30, 2023.  www.federalreserve.gov/newsevents/pressreleases/bcreg20221216a.htm
 
December 16, 2022 - Legal Interpretations - Bank Holding Company Act, September 26, 2022. www.federalreserve.gov/supervisionreg/legalinterpretations/bhc_changeincontrol2022.htm

December 16, 2022 - The Monetization of Innovation - Missaka Warusawitharana and Francesca Zucchi - We develop a dynamic model for digital service firms, which invest in monetization to generate revenues from services provided to customers for free. www.federalreserve.gov/econres/feds/the-monetization-of-innovation.htm

December 16, 2022 - Understanding Uncertainty Shocks and the Role of Black Swans - Anna Orlik and Laura Veldkamp - Economic uncertainty is a powerful force in the modern economy.
www.federalreserve.gov/econres/feds/understanding-uncertainty-shocks-and-the-role-of-black-swans.htm

December 16, 2022 - On Monetary Policy, Model Uncertainty, and Credibility - Anna Orlik - This paper studies the design of optimal time-consistent monetary policy in an economy where the planner and a representative household are faced with model uncertainty: www.federalreserve.gov/econres/feds/on-monetary-policy-model-uncertainty-and-credibility.htm

December 16, 2022 - Agencies announce results of resolution plan review for certain domestic and foreign banks - Resolution plans must describe a financial company's strategy for rapid and orderly resolution in bankruptcy in the event of its material financial distress or failure.
Press Release: www.federalreserve.gov/newsevents/pressreleases/bcreg20221216b.htm
Press Release: www.fdic.gov/news/press-releases/2022/pr22088.html

December 16, 2022 - Federal Reserve Board adopts final rule that implements Adjustable Interest Rate Act by identifying benchmark rates based on SOFR that will replace LIBOR in certain financial contracts after June 30, 2023 www.federalreserve.gov/newsevents/pressreleases/bcreg20221216a.htm

December 15, 2022 - Highlight: Banks turn to noncore borrowings as funding profiles - The use of noncore funding has increased in 2022 as banks look to fund loan growth, in contrast to the trends of the prior two years, characterized by large influxes of deposits. www.kansascityfed.org/banking/community-banking-bulletins/highlight-banks-turn-to-noncore-borrowings-as-funding-profiles-shift/

December 15, 2022 -Board Approves NCUA 2023�2024 Budget; Issues Proposed Rule on Financial Innovation - Share Insurance Fund�s Normal Operating Level to Remain at 1.33 Percent.   www.ncua.gov/newsroom/press-release/2022/board-approves-ncua-2023-2024-budget-issues-proposed-rule-financial-innovation

December 15, 2022 - OCC Reports Improvement in Overall Mortgage Performance - The Office of the Comptroller of the Currency reported that the performance of first-lien mortgages in the federal banking system improved during the third quarter of 2022. www.occ.gov/news-issuances/news-releases/2022/nr-occ-2022-151.html

December 15, 2022 - Fair Debt Collection Practices Act: Revised Interagency Examination Procedures and Rescissions - The Federal Financial Institutions Examination Council�s Task Force on Consumer Compliance today adopted the revised examination procedures for the Fair Debt Collection Practices Act and its implementing regulation, Regulation F. www.occ.gov/news-issuances/bulletins/2022/bulletin-2022-26.html

December 15, 2022 - Joint Release/Federal Bank Regulatory Agencies Release 2021 Small Business, Small Farm, and Community Development Lending Data - The federal bank regulatory agencies, as members of the Federal Financial Institutions Examination Council today released data on small business, small farm, and community development lending during 2021.
Press Release: www.fdic.gov/news/press-releases/2022/pr22086.html
Press Release: www.ffiec.gov/press/pr121522.htm
Press Release: www.occ.gov/news-issuances/news-releases/2022/nr-ia-2022-150.html

December 15, 2022 - Report to the Congress on Differences in Accounting and Capital Standards Among the Federal Banking Agencies - The Federal Reserve Board, the Federal Deposit Insurance Corporation, and the Office of the Comptroller of the Currency are required by law to jointly submit an annual report to Congress that describes any differences among the accounting and capital standards established by the agencies for insured depository institutions. www.federalreserve.gov/publications/report-regarding-differences-in-accounting-and-capital-standards-among-the-federal-banking-agencies.htm

December 15, 2022 - Federal Reserve Board announces approval of application by Brookline Bancorp, Inc. - The Federal Reserve Board on Thursday announced its approval of the application by Brookline Bancorp, Inc., Boston, Massachusetts, to merge with PCSB Financial Corporation and thereby indirectly acquire PCSB Bank, both of Yorktown Heights, New York. www.federalreserve.gov/newsevents/pressreleases/orders20221215a.htm

December 15, 2022 - Agencies extend comment period on advance notice of proposed rulemaking on large bank resolvability - The Federal Reserve Board and the Federal Deposit Insurance Corporation announced today that they will extend until January 23, 2023, the comment period on an advance notice of proposed rulemaking to enhance regulators' ability to resolve large banks in an orderly way should they fail.
Press Release: www.federalreserve.gov/newsevents/pressreleases/bcreg20221215a.htm
Press Release: www.fdic.gov/news/press-releases/2022/pr22087.html
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December 15, 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.  https://www.occ.treas.gov/news-issuances/news-releases/2022/nr-occ-2022-149.html

December 15, 2022 - Statistical Release -Industrial Production and Capacity Utilization - G.17 - Industrial production declined 0.2 percent in November. Decreases of 0.6 percent for manufacturing and 0.7 percent for mining were partly offset by a rebound of 3.6 percent for utilities following three months of declines. www.federalreserve.gov/releases/g17/current/default.htm 

December 14, 2022 - Notice of a Meeting under Expedited Procedures - A closed meeting of the Board of Governors of the Federal Reserve System was held at 10:00 a.m. on December 13, 2022 and continued at 9:00 a.m. on December 14, 2022. Matter(s) considered: Discussion of Monetary Policy Issues. www.federalreserve.gov/aboutthefed/boardmeetings/20221213closed.htm

December 14, 2022 - Federal Reserve Board and Federal Open Market Committee release economic projections from the December 13-14 FOMC meeting - The attached tables and charts released on Wednesday summarize the economic projections made by Federal Open Market Committee participants in conjunction with the December 13-14 meeting. www.federalreserve.gov/newsevents/pressreleases/monetary20221214b.htm

December 14, 2022 - Federal Reserve issues FOMC statement - Recent indicators point to modest growth in spending and production. Job gains have been robust in recent months, and the unemployment rate has remained low. www.federalreserve.gov/newsevents/pressreleases/monetary20221214a.htm

December 13, 2022 - NCUA - Richmond City Employees Federal Credit Union Conserved - The National Credit Union Administration today placed Richmond City Employees Federal Credit Union in Richmond, Indiana, into conservatorship. www.ncua.gov/newsroom/press-release/2022/richmond-city-employees-federal-credit-union-conserved

December 13, 2022 - Guidelines for Appeals of Material Supervisory - Following up on the Board�s request for comment in October 2022 on proposed changes to the Guidelines for Appeals of Material Supervisory Determinations, the Board has adopted the revised Guidelines. www.fdic.gov/news/financial-institution-letters/2022/fil22053.html

December 13, 2022 - FDIC Issues A Proposed Rule To Modernize the Use of the FDIC Official Sign and Advertising Statement and to Clarify its Regulations Regarding False Advertising, Misrepresentations About Insured Status, and Misuse of the FDIC�s Name or Logo.  www.fdic.gov/news/press-releases/2022/pr22085.html

December 13, 2022 - FDIC Board Approves 2023 Operating Budget - The Board of Directors of the Federal Deposit Insurance Corporation today approved a 2023 Operating Budget of $2.409 billion, a 6.5% increase over the previous year�s budget. www.fdic.gov/news/press-releases/2022/pr22084.html

December 13, 2022 - Report and Disclosures on Funding, Credit, Liquidity, and Loan Facilities.  www.federalreserve.gov/publications/reports-to-congress-in-response-to-covid-19.htm

December 12, 2022 - Federal Reserve Bank of St. Louis Named 52nd Mosaic Ambassador Organization - The Federal Reserve Bank of St. Louis, one of 12 regional Reserve banks in the Federal Reserve System, the nation�s central bank, became the St. Louis Mosaic Project�s 52nd Ambassador Organization. www.stlouisfed.org/news-releases/2022/12/12/st-louis-fed-named-52nd-mosaic-ambassador-organization

December 12, 2022 - OCC Reports Third Quarter 2022 Bank Trading Revenue - The Office of the Comptroller of the Currency reported cumulative trading revenue of U.S. commercial banks and savings associations of $12.7 billion in the third quarter of 2022. www.occ.gov/news-issuances/news-releases/2022/nr-occ-2022-148.html

December 9, 2022 - Regulatory Relief: Guidance to Help Financial Institutions and Facilitate Recovery in Areas of South Carolina Affected by Hurricane Ian.  www.fdic.gov/news/financial-institution-letters/2022/fil22051.html

December 9, 2022 - Statistical Release - Z.1 Financial Accounts - The Financial Accounts of the United States includes data on transactions and levels of financial assets and liabilities, by sector and financial instrument; full balance sheets, including net worth, for households and nonprofit organizations, nonfinancial corporate businesses, and nonfinancial noncorporate businesses; Integrated Macroeconomic Accounts; and additional supplemental detail. www.federalreserve.gov/releases/z1/default.htm

December 9, 2022 - Credit and Liquidity Programs and the Balance Sheet - Recent balance sheet trends, weekly chart update - www.federalreserve.gov/monetarypolicy/bst_recenttrends.htm
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December 8, 2022 - Economic Mobility Project - The Chicago Fed Economic Mobility Project provides evidence-based research on the factors and policies that affect economic mobility to those who can enact meaningful change. www.chicagofed.org/research/mobility/about

December 8, 2022 - NCUA - Continued Growth in Lending, Assets, Insured Shares Reported in Third Quarter - According to the latest financial performance data released today by the National Credit Union Administration, total loans outstanding in federally insured credit unions increased $235 billion, or 19.2 percent, over the year ending in the third quarter of 2022, to $1.46 trillion. https://www.ncua.gov/newsroom/press-release/2022/continued-growth-lending-assets-insured-shares-reported-third-quarter

December 8, 2022 - OCC Reports on Key Risks Facing Federal Banking System - The Office of the Comptroller of the Currency today reported the key issues facing the federal banking system in its Semiannual Risk Perspective for Fall 2022. www.occ.gov/news-issuances/news-releases/2022/nr-occ-2022-147.html

December 7, 2022 - Bank Holding Companies/Savings and Loan Holding Companies/Change in Control - 2022 Letters - Letter to Scott Meacham, Esq., of the Board�s determination not to disapprove the notice filed under the Change in Bank Control Act of 1978 by the Berry Leaf Sewell Revocable Trust, Berry L. Sewell and Adrienne M. Sewell as co-trustees, to acquire 25 percent or more of the voting shares of Clinton Bancshares, Inc., the sole owner of First Bank and Trust Company, all of Clinton, Oklahoma, in their individual capacity and as members of a group acting in concert; www.federalreserve.gov/supervisionreg/legalinterpretations/bhc_changeincontrol2022.htm

December 7, 2022 - Statistical Release - Consumer Credit - G.19 - In October, consumer credit increased at a seasonally adjusted annual rate of 6.9 percent. Revolving credit increased at an annual rate of 10.4 percent, while nonrevolving credit increased at an annual rate of 5.8 percent. www.federalreserve.gov/releases/g19/current/default.htm

December 6, 2022 - The KC Fed LMCI suggests the level of activity was little changed while momentum decelerated in November - The KC Fed LMCI suggests the level of activity was little changed while momentum decelerated in November. www.kansascityfed.org/data-and-trends/lmci/current-release/

December 6, 2022 - Federal Reserve Board announces termination of enforcement action with Industrial Bank of Korea and Industrial Bank of Korea New York Branch.   www.federalreserve.gov/newsevents/pressreleases/enforcement20221206a.htm

December 5, 2022 - BANK CAPITAL ANALYSIS - The Bank Capital Analysis provides a horizontal comparison of capital adequacy among banking organizations of varying size and complexity. www.kansascityfed.org/research/bank-capital-analysis/

December 5, 2022 - Acting Comptroller Discusses Promoting Prudent Credit Risk Management and Diversity and Inclusion - Acting Comptroller of the Currency Michael J. Hsu today discussed the importance of continued prudent credit risk management and diversity and inclusion, two important safety and soundness topics, at the RMA Risk Management and Internal Audit Virtual Conference. www.occ.gov/news-issuances/news-releases/2022/nr-occ-2022-146.html

December 2, 2022 - FDIC Issues List of Banks Examined for CRA Compliance - WASHINGTON - 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/pr22083.html

December 2, 2022 - FOIA - Chair Powell's calendar, October 2022.  www.federalreserve.gov/foia/chairman-powell-calendar.htm

December 2, 2022 - Credit and Liquidity Programs and the Balance Sheet - Recent balance sheet trends, weekly chart update.  www.federalreserve.gov/monetarypolicy/bst_recenttrends.htm

December 2, 2022 - Federal Reserve Board invites public comment on proposed principles providing a high-level framework for the safe and sound management of exposures to climate-related financial risks for large banking organizations.  www.federalreserve.gov/newsevents/pressreleases/other20221202b.htm

December 2, 2022 - Federal Reserve Board finalizes clarifying and technical updates to its policy governing the provision of intraday credit to healthy depository institutions with accounts at the Federal Reserve Banks.  www.federalreserve.gov/newsevents/pressreleases/other20221202a.htm

December 2, 2022 - Federal Reserve Board announces approval of application by Farmers National Banc Corp. - The Federal Reserve Board on Friday announced its approval of the application by Farmers National Banc Corp., Canfield, Ohio, to acquire Emclaire Financial Corp., and thereby indirectly acquire The Farmers National Bank of Emlenton, both of Emlenton, Pennsylvania. www.federalreserve.gov/newsevents/pressreleases/orders20221202a.htm

December 1, 2022 - Office of the Comptroller of the Currency Fees and Assessments: Calendar Year 2023 Fees and Assessments Structure. www.occ.gov/news-issuances/bulletins/2022/bulletin-2022-25.html 

December 2, 2022 - Welcome Remarks: Continuity and Change�The EOS at 36 - A speech presented by Charles L. Evans, president and chief executive officer, Federal Reserve Bank of Chicago, on December 2, 2022, at the 36th annual Economic Outlook Symposium hosted by the Chicago Fed in Chicago, IL. www.chicagofed.org/publications/speeches/2022/december-02-eos

December 1, 2022 - Chicago Fed names Austan D. Goolsbee new president - Austan D. Goolsbee has been named president and chief executive officer of the Federal Reserve Bank of Chicago effective January 9, 2023, announced Dr. Helene Gayle, chair of the board of directors of the Federal Reserve Bank of Chicago. www.chicagofed.org/tenthpresident
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December 1, 2022 - OCC Reduces 2023 Assessments on National Banks and Federal Savings Associations - The Office of the Comptroller of the Currency is publishing its assessment rates for the 2023 calendar year, reducing the rates in the general assessment fee schedule, and maintaining assessment rates from 2022 for the independent trust and independent credit card fee schedules. www.occ.gov/news-issuances/news-releases/2022/nr-occ-2022-145.html

December 1, 2022 - Geopolitics at center of 2022 Energy and the Economy conference - Stakeholders recently gathered to discuss the outlook for global energy markets and the U.S. energy sector. www.kansascityfed.org/energy/2022-energy-and-the-economy-conference-focuses-on-shifting-geopolitics/

December 1, 2022 - Lifetime Earnings Differences across Black and White Individuals: Years Worked Matter - Black individuals earn about one-third less than white individuals over the course of their lifetimes. www.kansascityfed.org/research/economic-review/lifetime-earnings-differences-across-black-and-white-individuals-years-worked-matter/ 

December 1, 2022 - FDIC-Insured Institutions Reported Net Income of $71.7 Billion in Third Quarter 2022 - Reports from 4,746 commercial banks and savings institutions insured by the Federal Deposit Insurance Corporation reflect aggregate net income of $71.7 billion in third quarter 2022, an increase of $7.3 billion (11.3 percent) from the second quarter. www.fdic.gov/news/press-releases/2022/pr22082.html

December 1, 2022 - Longer-Run Neutral Rates in Major Advanced Economies - Thiago R.T. Ferreira and Carolyn Davin - With major central banks in the process of tightening monetary policy aggressively, an important question is how far policy rates will rise and where they will settle in the longer run. www.federalreserve.gov/econres/notes/feds-notes/longer-run-neutral-rates-in-major-advanced-economies-20221201.html

December 1, 2022 - Federal Reserve Board issues enforcement action with Deutsche Bank Trust Company Americas.   https://www.federalreserve.gov/newsevents/pressreleases/enforcement20221201a.htm

December 1, 2022 - NCUA Re-establishes AMAC as Independent Office - By notation vote, the National Credit Union Administration Board approved moving management and oversight of Asset Management and Assistance Center activities from the Southern Region to an independent office led by the President of AMAC. www.ncua.gov/newsroom/press-release/2022/ncua-re-establishes-amac-independent-office