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February 28, 2020 - NCUA Issues Prohibition Notices and Orders - The National Credit Union Administration issued nine prohibition notices and two prohibition orders in February. These individuals are prohibited from participating in the affairs of any federally insured financial institution. www.ncua.gov/newsroom/press-release/2020/ncua-issues-prohibition-notices-and-orders-0 February 28, 2020 - Volcker Rule Covered Funds : Notice of Proposed Rulemaking - On February 28, 2020, the Office of the Comptroller of the Currency, the Board of Governors of the Federal Reserve System, the U.S. Commodity Futures Trading Commission, the Federal Deposit Insurance Corporation, and the U.S. Securities and Exchange Commission published a notice of proposed rulemaking addressing the regulations that implement section 13 of the Bank Holding Company Act, commonly known as the Volcker rule. www.occ.gov/news-issuances/bulletins/2020/bulletin-2020-8.html February 28, 2020 - OCC Issues Second and Third Quarter 2020 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 second quarter and third quarter 2020. www.occ.gov/news-issuances/news-releases/2020/nr-occ-2020-23.html February 28, 2020 - St. Louis Fed's Bullard Discusses Coronavirus and the U.S. Economy - Federal Reserve Bank of St. Louis President James Bullard presented “Coronavirus and the U.S. Economy” to the Fort Smith Regional Chamber of Commerce on Friday. www.stlouisfed.org/news-releases/2020/02/28/bullard-discusses-coronavirus-us-economy February 28, 2020 - St. Louis Fed Honors Social Studies Teacher for Contributions to Economic Education - Michael Kaiman is the recipient of the 2020 Economic Educator Advisory Board Educator of the Year Award from the Federal Reserve Bank of St. Louis. www.stlouisfed.org/news-releases/2020/02/28/st-louis-fed-honors-social-studies-teacher-for-contributions-to-economic-education February 28, 2020 - FDIC Issues CRA Examination Schedules for Second and Third Quarter 2020 - The Federal Deposit Insurance Corporation today issued the lists of institutions scheduled for a Community Reinvestment Act examination during the second and third quarter 2020. www.fdic.gov/news/news/press/2020/pr20020.html February 28, 2020 - FDIC Makes Public January Enforcement Actions - The Federal Deposit Insurance Corporation today released a list of orders of administrative enforcement actions taken against banks and individuals in January. There are no administrative hearings scheduled for March 2020. www.fdic.gov/news/news/press/2020/pr20019.html February 28, 2020 - Credit and Liquidity Programs and the Balance Sheet - Recent balance sheet trends, weekly chart update. www.federalreserve.gov/monetarypolicy/bst_recenttrends.htm February 28, 2020 - Statement from Federal Reserve Chair Jerome H. Powell. www.federalreserve.gov/newsevents/pressreleases/other20200228a.htm February 27, 2020 - Summary of President Evans Presentation on Countering Downward Bias in Inflation - A summary of a presentation delivered on February 27, 2020, at the Central Banking Conference sponsored by the Global Interdependence Center and Banco de México in Mexico City, Mexico. - President Charles L. Evans discussed the implications of long-run economic trends for monetary policy frameworks and strategies. www.chicagofed.org/publications/speeches/2020/countering-downward-bias-in-inflation _______________________ February 27, 2020 - Fed's Evans Discusses the Implications of Long-Run Economic Trends for Monetary Policy Frameworks and Strategies - President Charles L. Evans discussed the implications of long-run economic trends for monetary policy frameworks and strategies. www.chicagofed.org/publications/speeches/2020/countering-downward-bias-in-inflation February 27, 2020 - OCC Hosts Risk Governance and Credit Workshops in West Virginia - The Office of the Comptroller of the Currency will host two workshops at the Holiday Inn & Suites in Charleston, W.V., April 14 and 15, for directors of national community banks and federal savings associations supervised by the OCC. www.occ.gov/news-issuances/news-releases/2020/nr-occ-2020-22.html February 27, 2020 - Speech by Governor Bowman on direction of supervision: impact of payment system innovation on community banks At "Age of Advancement: The Intricacies of a Digital World" 2020 Banking Outlook Conference sponsored by the Federal Reserve Bank of Atlanta, Atlanta, Georgia www.federalreserve.gov/newsevents/speech/bowman20200227a.htm February 26, 2020 - NCUA�s Harper Discusses Consumer Protection, Inclusion, and Being Prepared - The mission of America�s credit unions reflects the fundamental principles of democracy itself, National Credit Union Administration Board Member Todd M. Harper said today. www.ncua.gov/newsroom/press-release/2020/ncuas-harper-discusses-consumer-protection-inclusion-and-being-prepared February 26, 2020 - NCUA Board Member Todd M. Harper Remarks - Credit Union National Association�s 2020 Governmental Affairs Conference. www.ncua.gov/newsroom/speech/2020/ncua-board-member-todd-m-harper-remarks-credit-union-national-associations-2020-governmental-affairs February 26, 2020 - Global Developments and the U.S. Economic Outlook By Nicholas Sly Assistant Vice President, Economist and Branch Executive Federal Reserve Bank of Kansas City � Denver Branch. www.kansascityfed.org/~/media/files/publicat/speeches/2020/2020-sly-exportcouncil-02-26.pdf February 26, 2020 - The Liquidity Coverage Ratio and Corporate Liquidity Management - Vladimir Yankov - This note examines the changes in the liquidity management at banks and nonbank financial firms in the United States that occurred following the proposal of the liquidity coverage ratio requirement in 2010 and its finalization in 2014. www.federalreserve.gov/econres/notes/feds-notes/the-liquidity-coverage-ratio-and-corporate-liquidity-management-20200226.htm February 26, 2020 - How Much Will the Belt and Road Initiative Reduce Trade Costs? - Fran�ois de Soyres, Alen Mulabdic, Siobhan Murray, Nadia Rocha, and Michele Ruta - This paper studies the impact of transport infrastructure projects of the Belt and Road Initiative on shipment times and trade costs. www.federalreserve.gov/econres/ifdp/how-much-will-the-belt-and-road-initiative-reduce-trade-costs.htm February 26, 2020 - Common Transport Infrastructure: A Quantitative Model and Estimates from the Belt and Road Initiative - Fran�ois de Soyres, Alen Mulabdic, and Michele Ruta - This paper presents a structural general equilibrium model to analyze the effects on trade, welfare, and gross domestic product of common transport infrastructure. www.federalreserve.gov/econres/ifdp/common-transport-infrastructure-a-quantitative-model-and-estimates-from-the-belt-and-road-initiative.htm February 26, 2020 - The Increasing Deflationary Influence of Consumer Digital Access Services - David M. Byrne and Carol A. Corrado - Consumer digital access services-internet, mobile phone, cable TV, and streaming�accounted for over 2 percent of U.S. household consumption in 2018. www.federalreserve.gov/econres/feds/the-increasing-deflationary-influence-of-consumer-digital-access-services.htm February 25, 2020 - NCUA Hosts Financial Inclusion Webinar - Credit unions can get valuable insights into serving low-income and underserved communities on a March 11 webinar hosted by the National Credit Union Administration�s Office of Credit Union Resources and Expansion. www.ncua.gov/newsroom/press-release/2020/ncua-hosts-financial-inclusion-webinar February 25, 2020 - NCUA�s Hood Discusses Taxi Medallion Sale, Financial Inclusion, and Guidance Review - hairman Addresses CUNA Governmental Affairs Conference - In his speech today before members of CUNA, NCUA Chairman Rodney E. Hood shared his vision for financial inclusion in rural America and elaborated on the agency�s decision to sell the majority of its taxi medallion portfolio. www.ncua.gov/newsroom/press-release/2020/ncuas-hood-discusses-taxi-medallion-sale-financial-inclusion-and-guidance-review February 25, 2020 - NCUA Chairman Rodney E. Hood Remarks Credit Union National Association 2020 Governmental Affairs Conference Washington, D.C. www.ncua.gov/newsroom/speech/2020/ncua-chairman-rodney-e-hood-remarks-credit-union-national-association-2020-governmental-affairs February 25, 2020 - FDIC-Insured Institutions Reported Net Income of $55.2 Billion in Fourth Quarter 2019. www.fdic.gov/news/news/press/2020/pr20018.html February 25, 2020 - Piecewise-Linear Approximations and Filtering for DSGE Models with Occasionally Binding Constraints - S. Boragan Aruoba, Pablo Cuba-Borda, Kenji Higa-Flores, Frank Schorfheide, and Sergio Villalvazo - We develop an algorithm to construct approximate decision rules that are piecewise-linear and continuous for DSGE models with an occasionally binding constraint. www.federalreserve.gov/econres/ifdp/piecewise-linear-approximations-and-filtering-for-dsge-models-with-occasionally-binding-constraints.htm February 25, 2020 - Monetary Policy Implementation with an Ample Supply of Reserves - Gara Afonso, Kyungmin Kim, Antoine Martin, Ed Nosal, Simon Potter, and Sam Schulhofer-Wohl - Methods of monetary policy implementation continue to change. The level of reserve supply - scarce, abundant, or somewhere in between - has implications for the efficiency and effectiveness of an implementation regime. www.federalreserve.gov/econres/feds/monetary-policy-implementation-with-an-ample-supply-of-reserves.htm February 25, 2020 - The Elusive Gains from Nationally-Oriented Monetary Policy - Martin Bodenstein, Giancarlo Corsetti, and Luca Guerrieri - The consensus in the recent literature is that the gains from international monetary cooperation are negligible, and so are the costs of a breakdown in cooperation. www.federalreserve.gov/econres/ifdp/the-elusive-gains-from-nationally-oriented-monetary-policy.htm February 25, 2020 - Speech by Vice Chair Clarida on the U.S. economic outlook and monetary policy At the 36th Annual NABE Economic Policy Conference, Washington, D.C. www.federalreserve.gov/newsevents/speech/clarida20200225a.htm February 25, 2020 - Minutes of the Board's discount rate meetings from January 21 and January 29, 2020. www.federalreserve.gov/newsevents/pressreleases/files/monetary20200225a1.pdf February 24, 2020 - Chicago Fed National Activity Index - Index points to an uptick in economic growth in January - The Chicago Fed National Activity Index increased to �0.25 in January from �0.51 in December. All four broad categories of indicators that make up the index increased from December, but only one of the four categories made a positive contribution to the index in January. www.chicagofed.org/~/media/publications/cfnai/2020/cfnai-february2020-pdf.pdf February 24, 2020 - NCUA Board Member J. Mark McWatters Remarks - CUNA Governmental Affairs Conference. www.ncua.gov/newsroom/speech/2020/ncua-board-member-j-mark-mcwatters-remarks-cuna-governmental-affairs-conference February 24, 2020 - FDiTech Releases New Guide to Help 'FinTechs' Connect with Banks - In its continuing effort to encourage technological innovation in the banking sector, the Federal Deposit Insurance Corporation's technology lab is releasing a new guide to help financial technology companies and others partner with banks. www.fdic.gov/news/news/press/2020/pr20017.html February 24, 2020 - FDIC Recognizes Four Institutions for Expanding Financial Literacy - As America Saves Week approaches, the Federal Deposit Insurance Corporation today is recognizing four institutions for their work to expand financial education and support healthy banking relationships. www.fdic.gov/news/news/press/2020/pr20016.html February 24, 2020 - Capacity Choice, Monetary Trade, and the Cost of Inflation - Garth Baughman and Stanislav Rabinovich - Firms often make production decisions before meeting a buyer. We incorporate this often-overlooked fact into an otherwise standard monetary search model and show that it has important implications for the set of equilibria, efficiency, and the cost of inflation. www.federalreserve.gov/econres/feds/capacity-choice-monetary-trade-and-the-cost-of-inflation.htm February 21, 2020 - Financial Markets and Monetary Policy: Is There a Hall of Mirrors Problem? - Vice Chair Richard H. Clarida At the 2020 U.S. Monetary Policy Forum, sponsored by the Initiative on Global Markets at the University of Chicago Booth School of Business, New York, New York. www.federalreserve.gov/newsevents/speech/clarida20200221a.htm February 21, 2020 - Credit and Liquidity Programs and the Balance Sheet - Recent balance sheet trends, weekly chart update. www.federalreserve.gov/monetarypolicy/bst_recenttrends.htm February 21, 2020 - Monetary Policy Strategies and Tools When Inflation and Interest Rates Are Low - Governor Lael Brainard At the 2020 U.S. Monetary Policy Forum, sponsored by the Initiative on Global Markets at the University of Chicago Booth School of Business, New York, New York. www.federalreserve.gov/newsevents/speech/brainard20200221a.htm February 21, 2020 - Federal banking agencies host the 2020 National Interagency Community Reinvestment Conference - The 2020 National Interagency Community Reinvestment Conference takes place in Denver from March 9 to 12. Press Release: www.federalreserve.gov/newsevents/pressreleases/bcreg20200221a.htm Press Release: www.fdic.gov/news/news/press/2020/pr20015.html Press Release: www.occ.gov/news-issuances/news-releases/2020/nr-ia-2020-21.html February 20, 2020 - Can Broader Access to Direct CCP Clearing Reduce the Concentration of Cleared Derivatives? By Nahiomy Alvarez - In November 2008, at the height of the global financial crisis, leaders from the Group of Twenty nations, representing the world�s largest economies, convened in Washington, DC, to develop a new regulatory framework to help foster financial stability. https://www.chicagofed.org/publications/economic-perspectives/2019/3 ____________________________________ February 20, 2020 - OCC Enforcement Actions and Terminations - The Office of the Comptroller of the Currency today released new enforcement actions taken against national banks, federal savings associations, and individuals currently and formerly affiliated with national banks and federal savings associations. www.occ.gov/news-issuances/news-releases/2020/nr-occ-2020-20.html February 20, 2020 - Emerging Trends in U.S and Oklahoma Economies By Chad Wilkerson Vice President and Oklahoma City Branch Executive. www.kansascityfed.org/~/media/files/publicat/speeches/2020/2020-wilkerson-financial-executives-international-02-20.pdf February 20, 2020 - Extension of Comment Period for Notice of Proposed Rulemaking on Revisions to the Community Reinvestment Act Regulations - The Federal Deposit Insurance Corporation and the Office of the Comptroller of the Currency are extending until April 8, 2020, the comment period for the Notice of Proposed Rulemaking on revisions to the Community Reinvestment Act regulations. www.fdic.gov/news/news/financial/2020/fil20013.html February 20, 2020 - Wealth concentration levels and growth: 1989-2016 - Jesse Bricker and Alice Henriques Volz - Although wealth concentration is broadly understood to have increased over the past decades, the question of how much it has increased and why it has increased has remained unsettled due to differences in the methodologies used to measure wealth concentration. www.federalreserve.gov/econres/notes/feds-notes/wealth-concentration-levels-and-growth-1989-2016-20200220.htm February 20, 2020 - Technological Innovation and Discrimination in Household Finance - Adair Morse and Karen Pence - Technology has changed how discrimination manifests itself in financial services. Replacing human discretion with algorithms in decision-making roles reduces taste-based discrimination, and new modeling techniques have expanded access to financial services to households who were previously excluded from these markets. www.federalreserve.gov/econres/feds/technological-innovation-and-discrimination-in-household-finance.htm February 20, 2020 - Changing Stability in U.S. Employment Relationships: A Tale of Two Tails - Raven Molloy, Christopher L. Smith, and Abigail Wozniak - We confront two seemingly-contradictory observations about the US labor market: the rate at which workers change employers has declined since the 1980s, yet there is a commonly expressed view that long-term employment relationships are more difficult to attain. www.federalreserve.gov/econres/feds/changing-stability-in-us-employment-relationships-a-tale-of-two-tails.htm February 20, 2020 - NCUA - Mortgage Study Shows Credit Union Members Pay Lower Interest Rates - Share Insurance Fund Assets Grow in 2019; Equity Ratio at 1.35 Percent - According to a study by the NCUA�s Chief Economist, credit union members could save thousands of dollars on their mortgages when compared to borrowers at other financial institutions. www.ncua.gov/newsroom/press-release/2020/mortgage-study-shows-credit-union-members-pay-lower-interest-rates February 19, 2020 - NCUA Completes Taxi Medallion Loan Sale - The National Credit Union Administration today announced the sale of the majority of its taxi-medallion loan portfolio to Marblegate Asset Management LLC. www.ncua.gov/newsroom/press-release/2020/ncua-completes-taxi-medallion-loan-sale February 19, 2020 - A Risk-Premium Adjustment to the Policy Rate Path By Stefania D�Amico , Vamsi Kurakula , Santiago I. Sordo Palacios - We offer a method to derive a risk-premium adjustment to the risk-neutral policy rate path implied by raw financial quotes. www.chicagofed.org/publications/chicago-fed-letter/2020/432 February 19, 2020 - OCC Hosts Miami Workshop for Board Directors and Bank Management - The Office of the Comptroller of the Currency will host a workshop in Miami at the Even Hotel � Miami Airport, March 31 - April 1, for directors, senior management team members, and other key executives of national community banks and federal savings associations supervised by the OCC. www.occ.gov/news-issuances/news-releases/2020/nr-occ-2020-18.html February 19, 2020 - FDIC Seeks Information on How to Modernize Signage and Advertising Requirements - The Federal Deposit Insurance Corporation today announced that it is seeking the public's input on potential modernization of its signage and advertising requirements to better reflect how banks and savings associations currently operate and how consumers use banking services. www.fdic.gov/news/news/press/2020/pr20014.html February 19, 2020 - Joint Release/FDIC and OCC Announce 30-day Extension of Comment Period for Community Reinvestment Act Regulations - The Federal Deposit Insurance Corporation and Office of the Comptroller of the Currency today extended the public comment period for proposed changes to the regulations implementing the Community Reinvestment Act until April 8, 2020. Press Release: www.fdic.gov/news/news/press/2020/pr20013.html Press Release: www.occ.gov/news-issuances/news-releases/2020/nr-ia-2020-19.html February 19, 2020 - FDIC Announces Members for the Advisory Committee of State Regulators - The Federal Deposit Insurance Corporation has announced the selection of 15 members for its recently established Advisory Committee of State Regulators. www.fdic.gov/news/news/press/2020/pr20012.html February 19, 2020 - Minutes of the Federal Open Market Committee, January 28-29, 2020. www.federalreserve.gov/newsevents/pressreleases/monetary20200219a.htm February 18, 2020 - A Risk-Premium Adjustment to the Policy Rate Path By Stefania D�Amico , Vamsi Kurakula , Santiago I. Sordo Palacios - We offer a method to derive a risk-premium adjustment to the risk-neutral policy rate path implied by raw financial quotes. www.chicagofed.org/publications/chicago-fed-letter/2020/432 February 18, 2020 - Can Broader Access to Direct CCP Clearing Reduce the Concentration of Cleared Derivatives? By Nahiomy Alvarez - In November 2008, at the height of the global financial crisis, leaders from the Group of Twenty nations, representing the world�s largest economies, convened in Washington, DC, to develop a new regulatory framework to help foster financial stability. www.chicagofed.org/publications/economic-perspectives/2019/3 February 18, 2020 - Standardized Approach for Counterparty Credit Risk : Final Rule - On January 24, 2020, the Office of the Comptroller of the Currency, the Board of Governors of the Federal Reserve System, and the Federal Deposit Insurance Corporation published a final rule to provide an updated framework for measuring the exposure amount of derivatives contracts. www.occ.gov/news-issuances/bulletins/2020/bulletin-2020-7.html February 18, 2020 - Revisions to the Consolidated Reports of Condition and Income and the FFIEC 101 Report - On January 27, 2020, the Federal Deposit Insurance Corporation, the Federal Reserve Board, and the Office of the Comptroller of the Currency, under the auspices of the Federal Financial Institutions Examination Council, published the attached final regulatory reporting changes in the Federal Register. www.fdic.gov/news/news/financial/2020/fil20010.html February 18, 2020 - Financial Stability Committees and Basel III Macroprudential Capital Buffers - Rochelle M. Edge and J. Nellie Liang - We evaluate how a country�s governance structure for macroprudential policy affects its implementation of Basel III macroprudential capital buffers. www.federalreserve.gov/econres/feds/financial-stability-committees-and-basel-iii-macroprudential-capital-buffers.htm February 18, 2020 - Statistical Release - Charge-Off and Delinquency Rates on Loans and Leases at Commercial Banks. www.federalreserve.gov/releases/chargeoff/ February 18, 2020 - Federal Reserve Bulletin - Legal Developments: Fourth Quarter, 2019. www.federalreserve.gov/publications/2019-bulletin.htm February 14, 2020 - NCUA�s Four Funds Receive Clean 2019 Audit Opinions - The National Credit Union Administration�s four funds again earned unmodified, or �clean,� audit opinions for 2019, according to audited financial statements released today by the agency�s Office of the Inspector General. www.ncua.gov/newsroom/press-release/2020/ncuas-four-funds-receive-clean-2019-audit-opinions February 14, 2020 - FDIC Releases Economic Scenarios for 2020 Stress Testing - The Federal Deposit Insurance Corporation today released the hypothetical economic scenarios for use in the upcoming stress tests for covered institutions with total consolidated assets of more than $250 billion. www.fdic.gov/news/news/press/2020/pr20010.html February 14, 2020 - What Happened to U.S. Business Dynamism? - Ufuk Akcigit and Sina T. Ates - The U.S. economy has witnessed a number of striking trends that indicate a rising market concentration and a slowdown in business dynamism in recent decades. www.federalreserve.gov/econres/notes/feds-notes/what-happened-to-us-business-dynamism-20200214.htm February 14, 2020 - Statistical Release - Finance Companies - G.20. www.federalreserve.gov/releases/g20/current/g20.htm February 13, 2020 - Credit and Liquidity Programs and the Balance Sheet - Recent balance sheet trends, weekly chart update. www.federalreserve.gov/monetarypolicy/bst_recenttrends.htm February 13, 2020 - Statistical Release - Industrial Production and Capacity Utilization - G.17 - Industrial production declined 0.3 percent in January, as unseasonably warm weather held down the output of utilities and as a major manufacturer significantly slowed production of civilian aircraft. www.federalreserve.gov/releases/g17/current/default.htm February 13, 2020 - Rising Import Tariffs, Falling Export Growth: When Modern Supply Chains Meet Old-Style Protectionism - Kyle Handley, Fariha Kamal, and Ryan Monarch We examine the impacts of the 2018-2019 U.S. import tariff increases on U.S. export growth through the lens of supply chain linkages. www.federalreserve.gov/econres/ifdp/rising-import-tariffs-falling-export-growth-when-modern-supply-chains-meet-old-style-protectionism.htm ________________________________ February 13, 2020 - AgLetter - A quarterly newsletter on agricultural land values and credit conditions, based on data from the Bank's survey. - According to the most recent AgLetter, Seventh District farmland values in the fourth quarter of 2019 were largely the same as a year ago. www.chicagofed.org/publications/agletter/index February 13, 2020 - Home Mortgage Disclosure Act: FFIEC Issues 2020 Version of A Guide to HMDA Reporting: Getting It Right! - The Federal Financial Institutions Examination Council has issued the 2020 edition of A Guide to HMDA Reporting Getting It Right! for Home Mortgage Disclosure Act-related data collected in 2020 and reported in 2021. www.fdic.gov/news/news/financial/2020/fil20009.html February 13, 2020 - Currency and Bank Budgets - 2020 Federal Reserve Bank Budgets. www.federalreserve.gov/foia/budgets.htm February 13, 2020 - Primer on the Forward-Looking Analysis of Risk Events Model: A Top-Down Stress Test Model Matthew P. Seay and Cindy M. Vojtech - FLARE estimates banking system capital under varying macroeconomic scenarios, time horizons, and other systemic shocks. www.federalreserve.gov/econres/feds/primer-on-the-forward-looking-analysis-of-risk-events-model.htm February 13, 2020 - Federal Reserve Board announces termination of enforcement actions with Discover Financial Services, JPMorgan Chase & Co., Deutsche Bank AG, and The Royal Bank of Scotland PLC and RBS Securities, Inc. www.federalreserve.gov/newsevents/pressreleases/enforcement20200213a.htm February 12, 2020 - Forward-Looking Monetary Policy and the Transmission of Conventional Monetary Policy Shocks - Chunya Bu, John Rogers, and Wenbin Wu - Standard structural VAR models and estimation using Romer and Romer (2004) monetary policy shocks show that, in samples after the 1980s, a contractionary conventional monetary policy shock generates smaller and sometimes perversely-signed impulse responses compared to earlier samples. www.federalreserve.gov/econres/feds/forward-looking-monetary-policy-and-the-transmission-of-conventional-monetary-policy-shocks.htm February 12, 2020 - Inflation at Risk - David L�pez-Salido and Francesca Loria - We investigate how macroeconomic drivers affect the predictive inflation distribution as well as the probability that inflation will run above or below certain thresholds over the near term. www.federalreserve.gov/econres/feds/inflation-at-risk.htm February 11, 2020 - St. Louis Fed's Bullard Presents "Can the FOMC Achieve a Soft Landing in 2020?" - In a presentation Tuesday to the CFA Society St. Louis, Federal Reserve Bank of St. Louis President James Bullard discussed whether the Federal Open Market Committee can achieve a soft landing for the U.S. economy in 2020. www.stlouisfed.org/news-releases/2020/02/11/bullard-can-fomc-achieve-soft-landing February 11, 2020 - Testimony by Chair Jerome H. Powell - Semiannual Monetary Policy Report to the Congress Before the Committee on Financial Services, U.S. House of Representatives, Washington, D.C. www.federalreserve.gov/newsevents/testimony/powell20200211a.htm February 11, 2020 - Speech by Vice Chair for Supervision Quarles on spontaneity and order: transparency, accountability, and fairness in bank supervision At the Yale Law School, New Haven, Connecticut. www.federalreserve.gov/newsevents/speech/quarles20200211a.htm February 10, 2020 - FDIC Issues Procedures for Deposit Insurance Applications from Applicants that are Not Traditional Community Banks - The FDIC has released a supplement to its Deposit Insurance Application Procedures Manual that addresses deposit insurance applications involving unique or complex proposals. www.fdic.gov/news/news/financial/2020/fil20008.html February 10, 2020 - Notice of a Meeting under Expedited Procedures - A closed meeting of the Board of Governors of the Federal Reserve System was held at 11:00 a.m. on February 10, 2020. www.federalreserve.gov/recentpostings.htm February 10, 2020 - Speech by Governor Bowman on empowering community banks At the Conference for Community Bankers sponsored by The American Bankers Association, Orlando, Florida. www.federalreserve.gov/newsevents/speech/bowman20200210a.htm February 7, 2020 - Statistical Release - Consumer Credit - G.19 - In 2019, consumer credit increased 4-3/4 percent, with revolving and nonrevolving credit increasing 4-1/4 percent and 4-3/4 percent, respectively. www.federalreserve.gov/releases/g19/current/default.htm February 7, 2020 - FOIA - Chair Powell's calendar, December 2019. www.federalreserve.gov/foia/chairman-powell-calendar.htm February 7, 2020 - Credit and Liquidity Programs and the Balance Sheet - Recent balance sheet trends, weekly chart update. www.federalreserve.gov/monetarypolicy/bst_recenttrends.htm February 7, 2020 - Reports to Congress - Monetary Policy Report, February 2020 - The Federal Reserve Act requires the Federal Reserve Board to submit written reports to Congress containing discussions of "the conduct of monetary policy and economic developments and prospects for the future." www.federalreserve.gov/monetarypolicy/mpr_default.htm February 6, 2020 - OCC Releases Dodd-Frank Act Stress Test Scenarios for 2020 - The Office of the Comptroller of the Currency released economic and financial market scenarios for use in the upcoming stress tests for covered institutions. www.occ.gov/news-issuances/news-releases/2020/nr-occ-2020-17.html February 6, 2020 - Statistical Release - Structure and Share Data for U.S. Banking Offices of Foreign Entities - Data are collected as of the end of the month for March, June, September and December, and generally are released three months later. www.federalreserve.gov/releases/iba/ _________________________ February 13, 2020 - AgLetter - A quarterly newsletter on agricultural land values and credit conditions, based on data from the Bank's survey. - According to the most recent AgLetter, Seventh District farmland values in the fourth quarter of 2019 were largely the same as a year ago. www.chicagofed.org/publications/agletter/index February 13, 2020 - Home Mortgage Disclosure Act: FFIEC Issues 2020 Version of A Guide to HMDA Reporting: Getting It Right! - The Federal Financial Institutions Examination Council has issued the 2020 edition of A Guide to HMDA Reporting Getting It Right! for Home Mortgage Disclosure Act-related data collected in 2020 and reported in 2021. www.fdic.gov/news/news/financial/2020/fil20009.html February 13, 2020 - Currency and Bank Budgets - 2020 Federal Reserve Bank Budgets. www.federalreserve.gov/foia/budgets.htm February 13, 2020 - Primer on the Forward-Looking Analysis of Risk Events Model: A Top-Down Stress Test Model Matthew P. Seay and Cindy M. Vojtech - FLARE estimates banking system capital under varying macroeconomic scenarios, time horizons, and other systemic shocks. www.federalreserve.gov/econres/feds/primer-on-the-forward-looking-analysis-of-risk-events-model.htm February 13, 2020 - Federal Reserve Board announces termination of enforcement actions with Discover Financial Services, JPMorgan Chase & Co., Deutsche Bank AG, and The Royal Bank of Scotland PLC and RBS Securities, Inc. www.federalreserve.gov/newsevents/pressreleases/enforcement20200213a.htm February 12, 2020 - Forward-Looking Monetary Policy and the Transmission of Conventional Monetary Policy Shocks - Chunya Bu, John Rogers, and Wenbin Wu - Standard structural VAR models and estimation using Romer and Romer (2004) monetary policy shocks show that, in samples after the 1980s, a contractionary conventional monetary policy shock generates smaller and sometimes perversely-signed impulse responses compared to earlier samples. www.federalreserve.gov/econres/feds/forward-looking-monetary-policy-and-the-transmission-of-conventional-monetary-policy-shocks.htm February 12, 2020 - Inflation at Risk - David L�pez-Salido and Francesca Loria - We investigate how macroeconomic drivers affect the predictive inflation distribution as well as the probability that inflation will run above or below certain thresholds over the near term. www.federalreserve.gov/econres/feds/inflation-at-risk.htm February 11, 2020 - St. Louis Fed's Bullard Presents "Can the FOMC Achieve a Soft Landing in 2020?" - In a presentation Tuesday to the CFA Society St. Louis, Federal Reserve Bank of St. Louis President James Bullard discussed whether the Federal Open Market Committee can achieve a soft landing for the U.S. economy in 2020. www.stlouisfed.org/news-releases/2020/02/11/bullard-can-fomc-achieve-soft-landing February 11, 2020 - Testimony by Chair Jerome H. Powell - Semiannual Monetary Policy Report to the Congress Before the Committee on Financial Services, U.S. House of Representatives, Washington, D.C. www.federalreserve.gov/newsevents/testimony/powell20200211a.htm February 11, 2020 - Speech by Vice Chair for Supervision Quarles on spontaneity and order: transparency, accountability, and fairness in bank supervision At the Yale Law School, New Haven, Connecticut. www.federalreserve.gov/newsevents/speech/quarles20200211a.htm February 10, 2020 - FDIC Issues Procedures for Deposit Insurance Applications from Applicants that are Not Traditional Community Banks - The FDIC has released a supplement to its Deposit Insurance Application Procedures Manual that addresses deposit insurance applications involving unique or complex proposals. www.fdic.gov/news/news/financial/2020/fil20008.html February 10, 2020 - Notice of a Meeting under Expedited Procedures - A closed meeting of the Board of Governors of the Federal Reserve System was held at 11:00 a.m. on February 10, 2020. www.federalreserve.gov/recentpostings.htm February 10, 2020 - Speech by Governor Bowman on empowering community banks At the Conference for Community Bankers sponsored by The American Bankers Association, Orlando, Florida. www.federalreserve.gov/newsevents/speech/bowman20200210a.htm February 7, 2020 - Statistical Release - Consumer Credit - G.19 - In 2019, consumer credit increased 4-3/4 percent, with revolving and nonrevolving credit increasing 4-1/4 percent and 4-3/4 percent, respectively. www.federalreserve.gov/releases/g19/current/default.htm February 7, 2020 - FOIA - Chair Powell's calendar, December 2019. www.federalreserve.gov/foia/chairman-powell-calendar.htm February 7, 2020 - Credit and Liquidity Programs and the Balance Sheet - Recent balance sheet trends, weekly chart update. www.federalreserve.gov/monetarypolicy/bst_recenttrends.htm February 7, 2020 - Reports to Congress - Monetary Policy Report, February 2020 - The Federal Reserve Act requires the Federal Reserve Board to submit written reports to Congress containing discussions of "the conduct of monetary policy and economic developments and prospects for the future." www.federalreserve.gov/monetarypolicy/mpr_default.htm February 6, 2020 - OCC Releases Dodd-Frank Act Stress Test Scenarios for 2020 - The Office of the Comptroller of the Currency released economic and financial market scenarios for use in the upcoming stress tests for covered institutions. www.occ.gov/news-issuances/news-releases/2020/nr-occ-2020-17.html February 6, 2020 - Statistical Release - Structure and Share Data for U.S. Banking Offices of Foreign Entities - Data are collected as of the end of the month for March, June, September and December, and generally are released three months later. www.federalreserve.gov/releases/iba/ ______________________________ February 6, 2020 - Federal Reserve Board issues enforcement action with Farmers & Merchants Bank of Craig County. www.federalreserve.gov/newsevents/pressreleases/enforcement20200206a.htm February 6, 2020 - Advanced Notice of a Meeting under Expedited Procedures - A closed meeting of the Board of Governors of the Federal Reserve System will be held under expedited procedures at 11:30 a.m. on February 10, 2020. Matter(s) considered: Review and determination by the Board of Governors of the advance and discount rates to be charged by the Federal Reserve Banks. www.federalreserve.gov/aboutthefed/boardmeetings/20200210closed.htm February 5, 2020 - OCC Releases CRA Evaluations for 28 National Banks and Federal Savings Associations - The Office of the Comptroller of the Currency today released a list of Community Reinvestment Act performance evaluations that became public during the period of January 1, 2020 through January 31, 2020. www.occ.gov/news-issuances/news-releases/2020/nr-occ-2020-16.html February 5, 2020 - Notice of a Meeting under Expedited Procedures - A closed meeting of the Board of Governors of the Federal Reserve System was held at on February 5, 2020. Matter(s) considered: Periodic Supervisory Update. www.federalreserve.gov/recentpostings.htm February 5, 2020 - Speech by Governor Brainard on the digitalization of payments and currency At the Symposium on the Future of Payments, Stanford, California. www.federalreserve.gov/newsevents/speech/brainard20200205a.htm February 4, 2020 - Summary of the 14th Annual Community Bankers Symposium By Pamela Kennedy, Mark Ahern, Aaron Berlowe, Jennifer Dollen, Elizabeth Ewing, Robert Jefferies, William Mark, Jessica Swiatek, Scott Verbeke - The 14th annual Community Bankers Symposium, cosponsored by the Federal Reserve Bank of Chicago, the Office of the Comptroller of the Currency, and the Federal Deposit Insurance Corporation, was held at the Federal Reserve Bank of Chicago on November 22, 2019. www.chicagofed.org/publications/chicago-fed-letter/2020/430 February 4, 2020 - Brave-Butters-Kelley Indexes Point to Growth Remaining Below Trend in December - The BBK Coincident and Leading Indexes and Monthly GDP Growth for the U.S. are constructed from a collapsed dynamic factor analysis of a panel of 500 monthly measures of real economic activity and quarterly real GDP growth. www.chicagofed.org/publications/bbki/index February 4, 2020 - Improving Midwest Agriculture and the Environment By David Oppedahl - On November 20, 2019, the Chicago Fed held a conference to examine environmental issues related to Midwest agriculture, with a particular focus on conservation practices. www.chicagofed.org/publications/chicago-fed-letter/2020/431 February 4, 2020 - FDIC Issues List of Banks Examined for CRA Compliance - The list covers evaluation ratings that the FDIC assigned to institutions in November 2019. www.fdic.gov/news/news/press/2020/pr20009.html February 4, 2020 - Federal Reserve Board issues enforcement action with former employee of Farmers & Merchants Bank - Prohibition, restitution, and fine against Carol Allen, former employee of Farmers & Merchants Bank, Baldwyn, Mississippi, for embezzling funds. www.federalreserve.gov/newsevents/pressreleases/enforcement20200204b.htm February 4, 2020 - Federal Reserve Board announces it is permanently barring senior executive at Goldman Sachs from banking industry - The Federal Reserve Board on Tuesday announced that it is permanently barring Andrea Vella, a senior executive at Goldman Sachs, from the banking industry for his role in Goldman's financing of a defrauded Malaysian sovereign wealth fund. www.federalreserve.gov/newsevents/pressreleases/enforcement20200204a.htm February 3, 2020 - Summary of the 14th Annual Community Bankers Symposium - By Pamela Kennedy , Mark Ahern , Aaron Berlowe , Jennifer Dollen , Elizabeth Ewing , Robert Jefferies , William Mark , Jessica Swiatek , Scott Verbeke - The 14th annual Community Bankers Symposium, cosponsored by the Federal Reserve Bank of Chicago, the Office of the Comptroller of the Currency, and the Federal Deposit Insurance Corporation, was held at the Federal Reserve Bank of Chicago on November 22, 2019. www.chicagofed.org/publications/chicago-fed-letter/2020/430 February 3, 2020 - from The Wall Street Journal - New Tech Leader at FDIC Works on Upgrading - IT Sylvia Burns, promoted from deputy CIO to CIO, aims to test use of AI to boost bank examiners� productivity. Is this possible? The full article is available on www.WSJ.com. February 3, 2020 - NCUA - Six Credit Unions Agree to Late-Filing Penalties for Second Quarter of 2019 - Six federally insured credit unions subject to civil money penalties for filing late Call Reports in the second quarter of 2019 have agreed to penalties of $2,259, the National Credit Union Administration announced today. www.ncua.gov/newsroom/press-release/2020/six-credit-unions-agree-late-filing-penalties-second-quarter-2019 February 3, 2020 - Banker Webinar: Community Bank Leverage Ratio Framework - The FDIC will host a webinar on February 25, 2020, from 2:00 p.m. to 3:30 p.m., Eastern Time to discuss the optional community bank leverage ratio capital framework for qualifying FDIC-supervised institutions. www.fdic.gov/news/news/financial/2020/fil20007.html February 3, 2020 - FDIC Publishes Comprehensive History of Risk-Based Pricing - In the first of a series of staff studies to be released to the public, the Federal Deposit Insurance Corporation today published a comprehensive history of how the agency assessed banks to build FDIC's now 85-year-old Deposit Insurance Fund and help achieve its mission of protecting depositors and resolving failed banks. www.fdic.gov/news/news/press/2020/pr20008.html February 3, 2020 - Statistical Release - Foreign Exchange Rates - G.5 - The table below shows the average rates of exchange in JANUARY 2020 together with comparable figures for other months. www.federalreserve.gov/releases/g5/current/default.htm February 3, 2020 - Advanced Notice of a Meeting under Expedited Procedures - A closed meeting of the Board of Governors of the Federal Reserve System will be held under expedited procedures at 10:00 a.m. on February 5, 2020. Matter(s) considered: Periodic Supervisory Update. www.federalreserve.gov/aboutthefed/boardmeetings/20200205closed.htm February 3, 2020 - Senior Loan Officer Opinion Survey on Bank Lending Practices, January 2020 - Survey of up to eighty large domestic banks and twenty-four U.S. branches and agencies of foreign banks. www.federalreserve.gov/data/sloos.htm February 3, 2020 - Time-varying uncertainty of the Federal Reserve's output gap estimate - Travis J. Berge - What is the output gap and when do we know it? A factor stochastic volatility model estimates the common component to forecasts of the output gap produced by the staff of the Federal Reserve, its time-varying volatility, and time-varying, horizon-specific forecast uncertainty. www.federalreserve.gov/econres/feds/time-varying-uncertainty-of-the-federal-reserves-output-gap-estimate.htm February 3, 2020 - How Global Value Chains Change the Trade-Currency Relationship - Fran�ois de Soyres, Erik Frohm, Vanessa Gunnella - Economics textbooks outline a clear-cut relationship between movements in a country's exchange rate and its export volumes, the exchange rate elasticity of exports. www.federalreserve.gov/econres/notes/feds-notes/how-global-value-chains-change-the-trade-currency-relationship-20200203.htm |
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