Bank regulatory FFIEC IT audits - I perform annual IT audits required by the regulatory agencies for banks and credit unions. I am a former bank examiner over 30 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 29, 2023 - Monetary Policy and the Stock Market in the Covid Era - In the first quarter of 2020, as the scale of the Covid-19 crisis became apparent, equity indexes in the United States endured one of their most dramatic deteriorations in history. www.chicagofed.org/publications/economic-perspectives/2023/5

December 29, 2023 - NCUA Prohibits One Individual From Participating in the Affairs of Any Federally Insured Depository Institution - Andrea Alice Nedow, a former employee of Traverse Catholic Federal Credit Union, Traverse City, Michigan. https://ncua.gov/newsroom/press-release/2023/ncua-prohibits-one-individual-participating-affairs-any-federally-insured-depository-institution-2

December 29, 2023 - FDIC Makes Public November Enforcement Actions - November 2023 Enforcement Decisions and Orders.  https://orders.fdic.gov/s/press-release-orders?prYear=2023&prDate=29&prMonth=12

December 29, 2023 - Credit and Liquidity Programs and the Balance Sheet - Recent balance sheet trends, weekly chart update. www.federalreserve.gov/monetarypolicy/bst_recenttrends.htm

December 29, 2023 - Regulatory Reform - Discount Window Lending, 2021:Q4 - Federal Reserve lending to depository institutions plays an important role in supporting the liquidity and stability of the banking system and the effective implementation of monetary policy. www.federalreserve.gov/regreform/discount-window.htm
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December 29, 2023 - The Federal Deposit Insurance Corporation (FDIC) today released a list of orders of administrative enforcement actions taken against banks and individuals in November 2023. There are no administrative hearings scheduled for January 2024. https://www.fdic.gov/news/press-releases/2023/pr23113.html

December 28, 2023 - Rules of Practice and Procedure: Final Rule - On December 28, 2023, the Office of the Comptroller of the Currency, along with the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, and the National Credit Union Administration, published a final rule amending the Uniform Rules of Practice and Procedure in 12 CFR 19 to recognize the use of electronic communications in all aspects of administrative hearings and to otherwise increase the efficiency and fairness of administrative adjudications. https://www.occ.treas.gov/news-issuances/bulletins/2023/bulletin-2023-41.html

December 28, 2023 - Regulatory Reform - Communications with the public through December 28, 2023 - During the Federal Reserve Board�s rulemaking process, meetings will take place between the Board and the public - including, for example, representatives of bank organizations, consumer groups, trade associations, researchers, and academics--that allow the Board to gather information and help educate the public on matters subject to agency rulemaking. www.federalreserve.gov/regreform/communications-with-public.htm

December 27, 2023 - Proposed Revisions to the Consolidated Reports of Condition and Income and the FFIEC 002 Report - As described more fully in the attached Federal Register notice, the proposed revisions to the reporting forms and instructions for the Call Reports and the FFIEC 002 relate to the reporting on (1) loans to nondepository financial institutions and other loans, (2) guaranteed structured financial products, and (3) proposed long�term debt requirements. www.fdic.gov/news/financial-institution-letters/2023/fil23068.html

December 26, 2023 - Community Reinvestment Act: Revision of Small and Intermediate Small Bank and Savings Association Asset Thresholds - The Office of the Comptroller of the Currency announced revisions to the asset-size threshold amounts used to define �small bank or savings association� and �intermediate small bank or savings association� under the Community Reinvestment Act (CRA) regulations. www.occ.treas.gov/news-issuances/bulletins/2023/bulletin-2023-40.html

December 26, 2023 - FDIC Releases Public Resolution Plans for Nine Large Banks - The Federal Deposit Insurance Corporation today released the public sections of resolution plans of nine large domestic covered insured depository institutions due by December 1, 2023. www.fdic.gov/news/press-releases/2023/pr23112.html

December 26, 2023 - Statistical Release - Money Stock Measures - H.6 Release.  www.federalreserve.gov/releases/h6/current/default.htm

December 22, 2023 - Tenth District Services Activity Declined Moderately in December - Tenth District services declined moderately in December, and expectations for the next six months stagnated. www.kansascityfed.org/surveys/services-survey/tenth-district-services-activity-declined-moderately-in-december/

December 22, 2023 - Credit and Liquidity Programs and the Balance Sheet - Recent balance sheet trends, weekly chart update.  www.federalreserve.gov/monetarypolicy/bst_recenttrends.htm

December 22, 2023 - Community Depository Institutions Advisory Council, Record of Meeting - November 16, 2023 - 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 issues of interest to community depository institutions. www.federalreserve.gov/aboutthefed/cdiac.htm

December 22, 2023 - Elevated Option-Implied Interest Rate Volatility and Downside Risks to Economic Activity - Measures of uncertainty about U.S. short maturity interest rates derived from options have risen sharply since October 2021, reaching their highest levels in more than a decade. www.federalreserve.gov/econres/notes/feds-notes/elevated-option-implied-pinterest-rate-volatility-and-downside-risks-to-economic-activity-20231222.html
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December 21, 2023 - Tenth District Manufacturing Activity Was Flat in December - This month's Manufacturing Survey found regional factory activity stayed steady in December, and expectations for future activity rebounded. www.kansascityfed.org/surveys/manufacturing-survey/tenth-district-manufacturing-activity-flat-in-december/

December 21, 2023 - Decline in Number of Workers with �Some College� Is Boosting Healthcare Wage Inflation - Compared with the pre-pandemic period, the labor force contains about 1.5 million fewer individuals who have some post-secondary schooling but less than a bachelor�s degree. www.kansascityfed.org/research/economic-bulletin/decline-in-number-of-workers-with-some-college-is-boosting-healthcare-wage-inflation/

December 21, 2023 - Guidance to Help Financial Institutions and Facilitate Recovery in Areas of Tennessee Affected by Severe Storms and Tornadoes.  www.fdic.gov/news/financial-institution-letters/2023/fil23066.html

December 21, 2023 - Annual Report on Promoting Minority Depository Institutions - This annual report to Congress details the actions taken to fulfill requirements outlined in section 308 of the Financial Institutions Reform, Recovery, and Enforcement Act of 1989, as amended by the Dodd-Frank Act. www.federalreserve.gov/publications/preserving-minority-depository-institutions.htm

December 21, 2023 - Interagency Statement for Banks on the Issuance of the Beneficial Ownership Information Access Rule - The Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, the Financial Crimes Enforcement Network, the National Credit Union Administration, and the Office of the Comptroller of the Currency, the agencies are issuing an interagency statement to clarify banking organizations� obligations following the issuance of FinCEN�s final rule regarding access by authorized recipients to beneficial ownership information that will be reported to FinCEN, pursuant to section 6403 of the Corporate Transparency Act.
Press Release: www.federalreserve.gov/supervisionreg/srletters/SR2311.htm
Press Release: www.fdic.gov/news/press-releases/2023/pr23108.html
Press Release: www.occ.treas.gov/news-issuances/bulletins/2023/bulletin-2023-39.html

December 21, 2023 - Senior Credit Officer Opinion Survey on Dealer Financing Terms, December 2023 - 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 counter derivatives markets. www.federalreserve.gov/data/scoos.htm

December 21, 2023 - NCUA - Chairman Harper Congratulates Otsuka on Senate Confirmation - National Credit Union Administration Chairman Todd M. Harper congratulated Tanya Otsuka on her confirmation today by the U.S. Senate to become a member of the NCUA Board. https://ncua.gov/newsroom/press-release/2023/chairman-harper-congratulates-otsuka-senate-confirmation

December 20,2023 - NCUA Releases Q3 2023 State-Level Data Report - Federally insured credit unions experienced growth in loans, positive net income, and delinquencies in the third quarter of 2023, along with a decline in assets, shares, and deposits, according to the latest NCUA Quarterly U.S. Map Review. www.ncua.gov/newsroom/press-release/2023/ncua-releases-q3-2023-state-level-data-report 

December 20, 2023 - The Federal Reserve Board, the Federal Deposit Insurance Corporation, and the Office of the Comptroller of the Currency, members of the Federal Financial Institutions Examination Council, today released data on small business, small farm, and community development lending during 2022.
Press Release: www.ffiec.gov/press/pr121523.htm
Press Release: www.occ.gov/news-issuances/news-releases/2023/nr-ia-2023-142.html

December 20, 2023 - Joint Release/Federal Bank Regulatory Agencies Release 2022 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 2022. www.fdic.gov/news/press-releases/2023/pr23108.html 

December 20, 2023 - FDIC Finalizes Rule to Modernize Official Signs and Advertising Statement Requirements for Insured Depository Institutions - The Federal Deposit Insurance Corporation Board of Directors today adopted a final rule to amend part 328 of its regulations to modernize the rules governing use of the official FDIC signs and advertising statements, and to clarify the FDIC�s regulations regarding false advertising, misrepresentations of deposit insurance coverage, and misuse of the FDIC�s name or logo. www.fdic.gov/news/press-releases/2023/pr23110.html

December 20, 2023 - FDIC Approves 2024 Operating Budget - The Board of Directors of the Federal Deposit Insurance Corporation today approved a 2024 Operating Budget of $2.96 billion, a 6.3% decrease from the previous year�s budget. www.fdic.gov/news/press-releases/2023/pr23109.html

December 20, 2023 - FDIC Signature Bank Receivership Sells 20 Percent Equity Interest in Entity Holding $9 Billion Rent-Stabilized / Rent-Controlled Multifamily Loans - The Federal Deposit Insurance Corporation, as Receiver of Signature Bridge Bank, N.A., today completed the final transaction following the marketing of the $33 billion Commercial Real Estate portfolio retained in receivership after the failure of Signature Bank, New York, New York.  www.fdic.gov/news/press-releases/2023/pr23107.html

December 20, 2023 - Communications with the public through December 20, 2023 - During the Federal Reserve Board�s rulemaking process, meetings will take place between the Board and the public�including, for example, representatives of bank organizations, consumer groups, trade associations, researchers, and academics--that allow the Board to gather information and help educate the public on matters subject to agency rulemaking. www.federalreserve.gov/regreform/communications-with-public.htm

December 20, 2023 - Global Insurance Regulatory or Supervisory Forums, December 2023 - 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 20, 2023 - Agencies release annual asset-size thresholds under Community Reinvestment Act regulations- The Federal Reserve Board and the Federal Deposit Insurance Corporation today announced the 2024 updated asset-size thresholds used to define "small bank" and "intermediate small bank" under their current Community Reinvestment Act regulations.
Press Release: www.federalreserve.gov/newsevents/pressreleases/bcreg20231220a.htm
Press Release: www.fdic.gov/news/press-releases/2023/pr23111.html

December 19, 2023 - OCC Assesses $15 Million Penalty Against U.S. Bank for Unfair Practices - The Office of the Comptroller of the Currency (OCC) today assessed a $15 million civil money penalty against U.S. Bank, National Association, Cincinnati, Ohio, for violations of law relating to the bank�s administration of a prepaid card program to distribute public unemployment insurance benefit payments. https://www.occ.gov/news-issuances/news-releases/2023/nr-occ-2023-141.html

December 19, 2023 - Federal Reserve Board issues enforcement action with Marblehead Bancorp and Marblehead Bank.   www.federalreserve.gov/newsevents/pressreleases/enforcement20231219a.htm

December 18, 2023 - Advisory: Managing Commercial Real Estate Concentrations in a Challenging Economic Environment - The FDIC is issuing this advisory to reemphasize the importance of strong capital, appropriate credit loss allowance levels, and robust credit risk-management practices for institutions with commercial real estate concentrations. www.fdic.gov/news/financial-institution-letters/2023/fil23064.html

December 18, 2023 - Lessons from Nowcasting GDP across the World - In economics, we need to forecast the present because reliable and comprehensive measures of the state of the economy are released with a substantial delay and considerable measurement error. www.federalreserve.gov/econres/ifdp/lessons-from-nowcasting-gdp-across-the-world.htm

December 15, 2023 - Treatment of Extensions of Credit to Certain Investment Funds and Their Portfolio Investments Under 12 CFR 215 and 12 CFR 363: Extension of Revised Interagency Statement.   www.occ.treas.gov/news-issuances/bulletins/2023/bulletin-2023-38.html

December 15, 2023 - Extension of the Revised Statement Regarding Status of Certain Investment Funds and Their Portfolio Investments for Purposes of Regulation O and Reporting Requirements under Part 363 of FDIC Regulations.  www.fdic.gov/news/financial-institution-letters/2023/fil23063.html

December 15, 2023 - FDIC Signature Bridge Bank Receivership Sells Five Percent Equity Interest in Entities Holding $5.8 Billion of Rent-Stabilized / Rent-Controlled Multifamily Loans - he Federal Deposit Insurance Corporation, as Receiver of Signature Bridge Bank, N.A., today completed two of several transactions following the marketing of the $33 billion Commercial Real Estate loan portfolio retained in receivership after the failure of Signature Bank, New York, New York. www.fdic.gov/news/press-releases/2023/pr23106.html

December 15, 2023 - Status of Certain Investment Funds and their Portfolio Investments for Purposes of Regulation O and Reporting Requirements under Part 363 of FDIC Regulations.  www.federalreserve.gov/supervisionreg/srletters/SR2310.htm
 
December 15, 2023 - Federal Reserve Board releases results of survey of senior financial officers at banks about their strategies and practices for managing reserve balances.  www.federalreserve.gov/newsevents/pressreleases/other20231215a.htm

December 15, 2023 - Statistical Release - Enhanced Financial Accounts, December 2023.  www.federalreserve.gov/releases/efa/enhanced-financial-accounts.htm

December 15, 2023 - Legal Interpretations - Bank Holding Company Act, December 6, 2023.  www.federalreserve.gov/supervisionreg/legalinterpretations/bhc_changeincontrol2023.htm

December 15, 2023 - Credit and Liquidity Programs and the Balance Sheet - Recent balance sheet trends, weekly chart update.  www.federalreserve.gov/monetarypolicy/bst_recenttrends.htm

December 15, 2023 - The TCJA and Domestic Corporate Tax Rates - We study changes in tax positions for U.S. C corporations following passage of the 2017 tax legislation commonly known as the Tax Cuts and Jobs Act. www.federalreserve.gov/econres/feds/the-tcja-and-domestic-corporate-tax-rates.htm

December 15, 2023 - Second-Round Effects of Oil Prices on Inflation in the Advanced Foreign Economies - The surge in oil prices in the wake of the post-COVID-19 economic rebound and Russia's invasion of Ukraine exerted significant upward pressure on consumer price inflation around the world. www.federalreserve.gov/econres/notes/feds-notes/second-round-effects-of-oil-prices-on-inflation-in-the-advanced-foreign-economies-20231215.html

December 15, 2023 - Money Market Fund Repo and the ON RRP - Between January 2021 and June 2022, money market funds' investments in the Federal Reserve's Overnight Reverse Repurchase facility rose by $2 trillion, while their private repo lending fell by almost $500 billion. www.federalreserve.gov/econres/notes/feds-notes/money-market-fund-repo-and-the-on-rrp-facility-20231215.html

December 15, 2023 - An update on Excess Savings in Selected Advanced Economies - In a previous FEDS Note, de Soyres, Moore, and Ortiz (2023), we conducted a comparison of household excess savings across advanced and emerging economies over different historical episodes. www.federalreserve.gov/econres/notes/feds-notes/an-update-on-excess-savings-in-selected-advanced-economies-20231215.html

December 15, 2023 - The Third SNB-FRB-BIS High-Level Conference on Global Risk, Uncertainty, and Volatility: Monetary Policy and Banking Regulation under Elevated - The Swiss National Bank, the Division of International Finance of the Federal Reserve Board and the Bank for International Settlements jointly organized the third High-Level Conference on Global Risk, Uncertainty, and Volatility on November 14 and 15 of 2023.  www.federalreserve.gov/econres/notes/feds-notes/2023-index.htm

December 15, 2023 - Statistical Release - Industrial Production and Capacity Utilization - G.17 - In November, industrial production increased 0.2 percent, and manufacturing output rose 0.3 percent. www.federalreserve.gov/default.htm

December 15, 2023 - Federal Reserve Board announces the appointment of seven members, including four 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/other20231215b.htm

December 15, 2023 - Federal Reserve Board releases results of survey of senior financial officers at banks about their strategies and practices for managing reserve balances.   www.federalreserve.gov/newsevents/pressreleases/other20231215a.htm

December 14, 2023 - NCUA - Board Approves NCUA 2024�2025 and Central Liquidity Facility Budgets - The NCUA Board unanimously approved the agency�s Operating, Capital, and National Credit Union Share Insurance Fund administrative budgets for 2024 and 2025. https://ncua.gov/newsroom/press-release/2023/board-approves-ncua-2024-2025-and-central-liquidity-facility-budgets

December 14, 2023 - Acting Comptroller Issues Statement on Financial Stability Oversight Council�s Annual Report - Acting Comptroller of the Currency Michael J. Hsu today issued the following statement at the Financial Stability Oversight Council meeting: www.occ.gov/news-issuances/news-releases/2023/nr-occ-2023-140.html

December 14, 2023 - FDIC Signature Bridge Bank Receivership Sells 20 Percent Equity Interest in Entity Holding $16.8 Billion of Commercial Real Estate Loans - The Federal Deposit Insurance Corporation, as receiver of Signature Bridge Bank, N.A., today completed one of several transactions following the marketing of the $33 billion Commercial Real Estate loan portfolio retained in receivership after the failure of Signature Bank, New York, New York. www.fdic.gov/news/press-releases/2023/pr23105.html

December 14, 2023 - Statistical Release - Finance Companies - G.20. www.federalreserve.gov/releases/g20/current/default.htm
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December 14, 2023 - OCC Announces Enforcement Actions for December 2023 - 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/2023/nr-occ-2023-139.html

December 13, 2023 - OCC Reports Third Quarter 2023 Bank Trading Revenue - The Office of the Comptroller of the Currency (OCC) reported cumulative trading revenue of U.S. commercial banks and savings associations of $13.2 billion in the third quarter of 2023. www.occ.gov/news-issuances/news-releases/2023/nr-occ-2023-138.html

December 13, 2023 - Federal Reserve Board and Federal Open Market Committee release economic projections from the December 12-13 FOMC meeting.  www.federalreserve.gov/newsevents/pressreleases/monetary20231213b.htm

December 13, 2023 - Federal Reserve issues FOMC statement - Recent indicators suggest that growth of economic activity has slowed from its strong pace in the third quarter. www.federalreserve.gov/newsevents/pressreleases/monetary20231213a.htm 

December 12, 2023 - OCC Reports Mortgage Performance for Third Quarter of 2023 - The OCC Mortgage Metrics Report, Third Quarter 2023 showed that 97.3 percent of mortgages included in the report were current and performing at the end of the quarter, the same as the previous quarter. www.occ.gov/news-issuances/news-releases/2023/nr-occ-2023-137.html

December 12, 2023 - The KC Fed LMCI suggests activity increased, and momentum decelerated moderately in November - The level of activity increased by 0.12, from 0.79 to 0.91, offsetting the decline seen last month and bringing the level of activity back to its September level. www.kansascityfed.org/data-and-trends/lmci/current-release/

December 12, 2023 - Publications - Report to Congress Pursuant to Section 13(3) of the Federal Reserve Act: Bank Term Funding Program.  www.federalreserve.gov/publications/reports-to-congress-pursuant-to-section-13-3-btfp.htm

December 12, 2023 - Publications - Report and Disclosures on Funding, Credit, Liquidity, and Loan Facilities. www.federalreserve.gov/publications/reports-to-congress-in-response-to-covid-19.htm

December 11, 2023 - OCC Issues Annual Report for 2023 - The Office of the Comptroller of the Currency today published its 2023 Annual Report. The OCC Annual Report provides Congress with an overview of the condition of the federal banking system, discusses the OCC�s strategic priorities and initiatives, and shares the agency�s financial management and condition. www.occ.gov/news-issuances/news-releases/2023/nr-occ-2023-136.html

December 11, 2023 - The KCFSI suggests financial stress decreased moderately in November - The Kansas City Financial Stress Index decreased moderately from -0.04 in October to -0.35 in November, remaining below its historical average. www.kansascityfed.org/data-and-trends/kansas-city-financial-stress-index/current-release/

December 11, 2023 - Special Committee of the FDIC Board Selects Cleary Gottlieb Steen & Hamilton LLP to Conduct Independent Review - �The Special Committee has appointed the law firm of Cleary Gottlieb Steen & Hamilton LLP to conduct an independent review into allegations of sexual harassment and interpersonal misconduct, as well as issues relating to the workplace culture at the FDIC. www.fdic.gov/news/press-releases/2023/pr23104.html

December 8, 2023 - The IRM Strategic Plan describes how the Board develops long-term investment strategies and how it ties those strategies to annual operations planning, budgeting, and reporting activities. www.federalreserve.gov/publications/information-resources-management-strategic-plan.htm

December 8, 2023 - Publication - Information Resources Management Strategic Plan 2023 - The IRM Strategic Plan describes how the Board develops long-term investment strategies and how it ties those strategies to annual operations planning, budgeting, and reporting activities. www.federalreserve.gov/publications/information-resources-management-strategic-plan.htm

December 8, 2023 - Credit and Liquidity Programs and the Balance Sheet - Recent balance sheet trends, weekly chart update. www.federalreserve.gov/monetarypolicy/bst_recenttrends.htm

December 7, 2023 - NCUA - Lending, Assets, Insured Shares, and Delinquencies Rise 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 $132 billion, or 9.1 percent, over the year ending in the third quarter of 2023, to $1.59 trillion. https://ncua.gov/newsroom/press-release/2023/lending-assets-insured-shares-and-delinquencies-rise-third-quarter

December 7, 2023 - St. Louis Fed Earns Perfect Score on Corporate Equality Index - The Federal Reserve Bank of St. Louis earned a perfect score of 100 on the Corporate Equality Index for its demonstrated commitment to an inclusive workplace culture. www.stlouisfed.org/news-releases/2023/12/7/st-louis-fed-earns-perfect-score-on-corporate-equality-index

December 7, 2023 - FDIC Board of Directors Released Semiannual Update on Restoration Plan - The Federal Deposit Insurance Corporation Board of Directors today released its second semiannual update of 2023 on the Restoration Plan for the agency�s Deposit Insurance Fund. www.fdic.gov/news/press-releases/2023/pr23103.html
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December 7, 2023 - Chicago Fed Earns Top Score in Human Rights Campaign Foundation's 2023-2024 Corporate Equality Index.   https://www.chicagofed.org/publications/news/2023/chicago-fed-earns-top-score-for-equality

December 7, 2023 - OCC Report Identifies 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 2023. www.occ.gov/news-issuances/news-releases/2023/nr-occ-2023-135.html

December 7, 2023 - St. Louis Fed Earns Perfect Score on Corporate Equality Index - The Federal Reserve Bank of St. Louis earned a perfect score of 100 on the Corporate Equality Index for its demonstrated commitment to an inclusive workplace culture. www.stlouisfed.org/news-releases/2023/12/7/st-louis-fed-earns-perfect-score-on-corporate-equality-index

December 7, 2023 - Statistical Release - Financial Accounts of the United States - Z.1.  www.federalreserve.gov/releases/z1/

December 6, 2023 - Retail Lending: Risk Management of 'Buy Now, Pay Later' Lending - The OCC expects banks that offer BNPL loans to do so in a manner that is safe and sound, provides fair access to financial services, supports fair treatment of consumers, and complies with applicable laws and regulations. www.occ.treas.gov/news-issuances/bulletins/2023/bulletin-2023-37.html

December 6, 2023 - OCC Issues Guidance on �Buy Now, Pay Later� Lending - The guidance focuses on the risk management of buy now, pay later loans, which are payable in four or fewer installments and carry no finance charges. www.occ.gov/news-issuances/news-releases/2023/nr-occ-2023-134.html

December 4, 2023 - Statement by the Special Committee of the FDIC Board on the Status of the Independent Review - Statement by the Special Committee of the FDIC Board on the Status of the Independent Review. www.fdic.gov/news/press-releases/2023/pr23102.html 

December 5, 2023 - Testimony by Michael S. Gibson, Director, Division of Supervision and Regulation Before the Subcommittee on Digital Assets, Financial Technology and Inclusion, Committee on Financial Services, U.S. House of Representatives, Washington, D.C. www.federalreserve.gov/default.htm

December 5, 2023 - Speech by Governor Bowman on building a more inclusive financial system through collaboration and action At the Aspen Institute, Washington, D.C. (via pre-recorded video).  www.federalreserve.gov/newsevents/speech/bowman20231205a.htm

December 4, 2023 - Acting Deputy Comptroller Testifies on Financial Technology - Deputy Comptroller for Compliance Policy and Acting Deputy Comptroller for the Office of Financial Technology Donna Murphy today testified on the activities and initiatives of the Office of the Comptroller of the Currency�s Office of Financial Technology before the Subcommittee on Digital Assets, Financial Technology and Inclusion, Committee on Financial Services of the U.S. House of Representatives. www.occ.gov/news-issuances/news-releases/2023/nr-occ-2023-133.html

December 4, 2023 - OCC Releases Virtual Workshop Schedule for Community Bank Directors and Senior Management - The Office of the Comptroller of the Currency today announced its 2024 schedule of free, virtual workshops for directors, senior management, and other key executives of national community banks and federal savings associations. www.occ.gov/news-issuances/news-releases/2023/nr-occ-2023-132.html

December 4, 2023 - FDIC Issues List of Banks Examined for CRA Compliance - December - The list covers evaluation ratings that the FDIC assigned to institutions in September 2023. www.fdic.gov/news/press-releases/2023/pr23101.html

December 1, 2023 - OCC Solicits Research on Depositor Behavior, Bank Liquidity, and Run Risk - The Office of the Comptroller of the Currency (OCC) is soliciting academic research papers on depositor behavior, bank liquidity, and run risk in the banking system for submission by January 15, 2024. www.occ.gov/news-issuances/news-releases/2023/nr-occ-2023-131.html

December 1, 2023 - OCC Releases CRA Evaluations for 42 National Banks and Federal Savings Associations - The Office of the Comptroller of the Currency today released a list of Community Reinvestment Act (CRA) performance evaluations that became public during the period of November 1, 2023, through November 30, 2023. https://www.occ.gov/news-issuances/news-releases/2023/nr-occ-2023-129.html

DEC 01, 2023 - OCC Publishes 2024 Assessments for National Banks and Federal Savings Associations - The OCC is maintaining the 2023 rates in the general assessment, independent trust, and independent credit card fee schedules, and is not adjusting assessment rates for inflation. www.occ.gov/news-issuances/news-releases/2023/nr-occ-2023-130.html

December 1, 2023 - Office of the Comptroller of the Currency Fees and Assessments: Calendar Year 2024 Fees and Assessments Structure.  www.occ.gov/news-issuances/bulletins/2023/bulletin-2023-36.html

December 1, 2023 - How Optimal Was U.S. Monetary Policy at the Zero Lower Bound? Forward guidance and large-scale asset purchases effectively offset disinflationary effects from the zero lower bound. www.kansascityfed.org/research/research-working-papers/how-optimal-was-us-monetary-policy-at-the-zero-lower-bound/

December 1, 2023 - Agencies Finalize Rule Updating and Modernizing the Community Reinvestment Act - On October 24, 2023, the FDIC Board voted to approve a final rule, to be issued jointly with the Board of Governors of the Federal Reserve System and the Office of the Comptroller of the Currency, that makes comprehensive regulatory amendments to the FDIC�s regulation implementing the Community Reinvestment Act of 1977. www.fdic.gov/news/financial-institution-letters/2023/fil23061.html 

December 1, 2023 - The FDIC has announced a series of steps intended to provide regulatory relief to financial institutions and facilitate recovery in areas of Illinois affected by severe storms and flooding. www.fdic.gov/news/financial-institution-letters/2023/fil23062.html

December 1, 2023 - Statistical Release - Foreign Exchange Rates - G.5 - The table below shows the average rates of exchange in NOVEMBER 2023 together with comparable figures for other months. www.federalreserve.gov/releases/g5/current/default.htm

December 1, 2023 - FOIA - Chair Powell's calendar, October 2023.  www.federalreserve.gov/foia/chairman-powell-calendar.htm

December 1, 2023 - Pre-LBO Credit Market Conditions and Post-LBO Target Behavior - Seung Kwak and Charles Press - In the context of leveraged buyouts, this paper empirically studies the relation between pre-buyout credit market conditions and the post-buyout behavior of target companies, employing a supervisory dataset to overcome limited data availability for post-buyout target financial information. www.federalreserve.gov/econres/feds/pre-LBO-credit-market-conditions-and-post-LBO-target-behavior.htm

December 1, 2023 - Credit and Liquidity Programs and the Balance Sheet - Recent balance sheet trends, weekly chart update. www.federalreserve.gov/monetarypolicy/bst_recenttrends.htm

December 1, 2023 - Federal Reserve Balance Sheet Developments - November 2023 - The Federal Reserve prepares this balance sheet report to help further its commitment to transparency about actions taken in connection with two of its key functions - conducting monetary policy to meet its congressional mandate of maximum employment and price stability as well as promoting financial stability. www.federalreserve.gov/monetarypolicy/publications/balance-sheet-developments-report.htm

December 1, 2023 - Opening remarks by Chair Powell at a fireside chat at Spelman College.  www.federalreserve.gov/newsevents/speech/powell20231201a.htm

December 1, 2023 - Speech by Vice Chair for Supervision Barr on bank supervision and regulation Vice Chair for Supervision Michael S. Barr At the ECB Forum on Banking Supervision, Frankfurt, Germany.  www.federalreserve.gov/newsevents/speech/barr20231201a.htm