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February 26, 2021 - Credit and Liquidity Programs and the Balance Sheet - Recent balance sheet trends, weekly chart update. www.federalreserve.gov/monetarypolicy/bst_recenttrends.htm February 26, 2021 - NCUA Issues Prohibition Notice - The National Credit Union Administration issued one prohibition notice in February. www.ncua.gov/newsroom/press-release/2021/ncua-issues-prohibition-notice February 26, 2021 - FDIC Issues CRA Examination Schedules for Second Quarter 2021 and Third Quarter 2021 - The Federal Deposit Insurance Corporation today issued the lists of institutions scheduled for a Community Reinvestment Act examination during the second quarter 2021 and third quarter 2021. www.fdic.gov/news/press-releases/2021/pr21015.html February 26, 2021 - FDIC Makes Public January Enforcement Actions - The FDIC issued 11 orders in January 2021. www.fdic.gov/news/press-releases/2021/pr21014.html February 26, 2021 - Release of Updated Sections of the Federal Financial Institutions Examination Council’s Bank Secrecy Act/Anti-Money Laundering Examination Manual - Members of the Federal Financial Institutions Examination Council released several updated sections and related examination procedures to the Bank Secrecy Act/Anti-Money Laundering Examination Manual. www.federalreserve.gov/supervisionreg/srletters/SR2105.htm February 26, 2021 - Inactive or Revised SR Letters Related to the Federal Reserve’s Supervisory Expectations for a Firm’s Boards of Directors - The purpose of this letter is to present the results of the Federal Reserve’s review of supervisory expectations for boards of directors1 of bank and savings and loan holding companies that are presented in certain existing Supervision and Regulation and Consumer Affairs letters. www.federalreserve.gov/supervisionreg/srletters/SR2104.htm February 26, 2021 - Supervisory Guidance on Board of Directors' Effectiveness - he Federal Reserve expects the board of directors of a large financial institution to be effective in its oversight of the firm because the board serves a critical role in maintaining the firm's safety and soundness and continued financial and operational resilience of its consolidated operations. www.federalreserve.gov/supervisionreg/srletters/SR2103.htm February 25, 2021 - Federal and State Regulators Release Updates to the BSA/AML Examination Manual - he Federal Financial Institutions Examination Council today released updates to four sections of the Bank Secrecy Act/Anti-Money Laundering Examination Manual. www.ncua.gov/newsroom/press-release/2021/federal-and-state-regulators-release-updates-bsaaml-examination-manual February 25, 2021 - Bank Secrecy Act/Anti-Money Laundering Examination Manual Update - The Federal Financial Institutions Examination Council is updating sections and related examination procedures in the FFIEC Bank Secrecy Act/Anti-Money Laundering Examination Manual. www.fdic.gov/news/financial-institution-letters/2021/fil21012.html ___________________________ February 25, 2021 - An Uncertain (Though Optimistic) Outlook for an Uneven Economy By Esther L. George President and Chief Executive Officer Federal Reserve Bank of Kansas City. www.kansascityfed.org/~/media/files/publicat/speeches/2021/2021-george-topproducer-02-24.pdf February 25, 2021 - St. Louis Fed's Bullard Discusses the Waning Pandemic and the U.S. Economy - Federal Reserve Bank of St. Louis President James Bullard presented �The Waning Pandemic and the U.S. Economy� via webinar for Georgia State University�s Economic Forecasting Center on Thursday. www.stlouisfed.org/news-releases/2021/02/25/bullard-discusses-waning-pandemic-and-economy February 25, 2021 - Structure and Share Data for U.S. Banking Offices of Foreign Entities - There are two reports showing the same structure and asset information for each U.S. office, but in different orders. Offices located in Puerto Rico, American Samoa, Guam, the Virgin Islands and other U.S.-affiliated insular areas are excluded. www.federalreserve.gov/releases/iba/ February 25, 2021 - Quantifying the COVID-19 effects on core PCE price inflation - Matteo Luciani - The 12-month change in core PCE price inflation was 1.5 percent in December. www.federalreserve.gov/econres/notes/feds-notes/quantifying-the-covid-19-effects-on-core-pce-price-inflation-20210225.htm February 25, 2021 - Speech by Vice Chair for Supervision Quarles on the role of stress testing At the Federal Reserve Bank of Atlanta, Atlanta, Georgia (via webcast). www.federalreserve.gov/newsevents/speech/quarles20210225a.htm February 25, 2021 - Agencies issue Shared National Credit Review - Credit risk for large, syndicated loans has increased over the last year, according to the 2020 Shared National Credit Review released by federal bank regulatory agencies today. Press Release: www.federalreserve.gov/newsevents/pressreleases/bcreg20210225a.htm Press Release: www.fdic.gov/news/press-releases/2021/pr21013.html Press Release: www.occ.gov/news-issuances/news-releases/2021/nr-ia-2021-26.html February 24, 2021 - Net Stable Funding Ratio: Final Rule - The Office of the Comptroller of the Currency, the Board of Governors of the Federal Reserve System, and the Federal Deposit Insurance Corporation today published a final rule in the Federal Register that implements the net stable funding ratio. www.occ.treas.gov/news-issuances/bulletins/2021/bulletin-2021-9.html February 24, 2021 - OCC Issues Second and Third Quarter 2021 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 2021. www.occ.gov/news-issuances/news-releases/2021/nr-occ-2021-25.html February 24, 2021 - The Information Content of Stress Test Announcements - Luca Guerrieri and Michele Modugno - We exploit institutional features of the U.S. banking stress tests to disentangle different types of information garnered by market participants when the stress test results are released. www.federalreserve.gov/econres/feds/information-content-of-stress-test-announcements.htm February 24, 2021 - Remarks by Governor Brainard on "How should we think about full employment in the Federal Reserve's dual mandate?" At the Ec10, Principles of Economics, Lecture, Faculty of Arts and Sciences, Harvard University, Cambridge, Massachusetts (via webcast). www.federalreserve.gov/newsevents/speech/brainard20210224a.htm February 24, 2021 - Speech by Vice Chair Clarida on U.S. economic outlook and monetary policy At the U.S. Chamber of Commerce, Washington, D.C. (via webcast). www.federalreserve.gov/newsevents/speech/clarida20210224a.htm February 23, 2021 - Proposed Revisions to the Consolidated Reports of Condition and Income Related to Brokered Deposits and Sweep Deposits - These revisions would reflect the intent stated in the Net Stable Funding Ratio Final Rule and in the Final Rule on Brokered Deposits and Interest Rate Restrictions. www.fdic.gov/news/financial-institution-letters/2021/fil21011.html February 23, 2021 - Technical Assistance Videos on Fair Lending - The FDIC has released nine technical assistance videos on fair lending. www.fdic.gov/news/financial-institution-letters/2021/fil21010.html February 23, 2021 - FDIC-Insured Institutions Reported Net Income of $59.9 Billion In Fourth Quarter 2020 - FDIC-Insured Institutions Reported Net Income of $59.9 Billion In Fourth Quarter 2020. www.fdic.gov/news/press-releases/2021/pr21012.html February 23, 2021 - Testimony by Chair Jerome H. Powell Semiannual Monetary Policy Report to the Congress Before the Committee on Banking, Housing, and Urban Affairs, U.S. Senate. www.federalreserve.gov/newsevents/testimony/powell20210223a.htm February 23, 2021 - Minutes of the Board's discount rate meetings on January 19 and January 27, 2021. www.federalreserve.gov/newsevents/pressreleases/monetary20210223a.htm February 22, 2021 - Federal and State Financial Regulatory Agencies Issue Interagency Statement on Supervisory Practices Regarding Financial Institutions Affected by Texas Winter Storms. www.occ.gov/news-issuances/news-releases/2021/nr-ia-2021-24.html February 22, 2021 - Chicago Fed National Activity Index Suggests Economic Growth Increased in January - Led by improvements in personal consumption-related indicators, the Chicago Fed National Activity Index increased to +0.66 in January from +0.41 in December. www.chicagofed.org/~/media/publications/cfnai/2021/cfnai-february2021-pdf.pdf February 22, 2021 - Legal Developments - Section 19 letters, November 10, 19, and December 4, 2020. www.federalreserve.gov/supervisionreg/ordersother2020.htm February 22, 2021 - Speech by Governor Bowman on economic inclusion in lower-income communities At the "Advance Together" Celebration sponsored by the Federal Reserve Bank of Dallas (via webcast). www.federalreserve.gov/newsevents/speech/bowman20210222a.htm February 19, 2021 - Revisions to the Consolidated Reports of Condition and Income Related to Asset Threshold Relief - On February 18, 2021, the Federal Deposit Insurance Corporation, the Board of Governors of the Federal Reserve System, 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. https://www.fdic.gov/news/financial-institution-letters/2021/fil21008.html February 19, 2021 - Statistical Release - Charge-Off and Delinquency Rates on Loans and Leases at Commercial Banks. www.federalreserve.gov/releases/chargeoff/ February 19, 2021 - Statistical Release - Large Commercial Banks - The Federal Reserve Board compiles quarterly data on domestically chartered insured commercial banks that have consolidated assets of $300 million or more and releases the data about twelve weeks after the end of each quarter. www.federalreserve.gov/releases/lbr/ February 19, 2021 - Credit and Liquidity Programs and the Balance Sheet - Recent balance sheet trends, weekly chart update. www.federalreserve.gov/monetarypolicy/bst_recenttrends.htm February 19, 2021 - Reports to the Congress - Monetary Policy Report, February 2021. www.federalreserve.gov/monetarypolicy/mpr_default.htm February 18, 2021 - Board Approves Joint-Ownership Share Accounts Final Rule - The National Credit Union Administration Board held its second open meeting of 2021 through a live audio webcast and approved a final rule on joint-ownership share accounts. www.ncua.gov/newsroom/press-release/2021/board-approves-joint-ownership-share-accounts-final-rule __________________________ February 18, 2021 - 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/2021/nr-occ-2021-23.html February 18, 2021 - 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 22, 2021. www.federalreserve.gov/recentpostings.htm February 18, 2021 - Speech by Governor Brainard on the role of financial institutions in tackling the challenges of climate change At the "2021 IIF U.S. Climate Finance Summit: Financing a Pro Growth Pro Markets Transition to a Sustainable, Low-Carbon Economy" hosted by the Institute of International Finance, Washington, D.C. www.federalreserve.gov/newsevents/speech/brainard20210218a.htm February 18, 2021 - Federal Reserve Board announces final rule intended to reduce risk and increase efficiency in the financial system by applying netting protections to a broader range of financial institutions - The Federal Reserve Board on Thursday announced a final rule that is intended to reduce risk and increase efficiency in the financial system by applying netting protections to a broader range of financial institutions. www.federalreserve.gov/newsevents/pressreleases/bcreg20210218a.htm February 18, 2021 - NCUA Chairman Todd M. Harper Statement on the Emergency Capital Investment Program. www.ncua.gov/newsroom/speech/2021/ncua-chairman-todd-m-harper-statement-emergency-capital-investment-program February 18, 2021 - NCUA Chairman Todd M. Harper Statement on the Final Rule on Joint Ownership Share Accounts. www.ncua.gov/newsroom/speech/2021/ncua-chairman-todd-m-harper-statement-final-rule-joint-ownership-share-accounts February 18, 2021 - NCUA Chairman Todd M. Harper Statement on the Share Insurance Fund Briefing. www.ncua.gov/newsroom/speech/2021/ncua-chairman-todd-m-harper-statement-share-insurance-fund-briefing February 17, 2021 - NCUA - Registration Now Open for Webinar on Earned Income Tax Credit and Volunteer Income Tax Assistance Programs - The NCUA and the IRS encourage credit unions, their members, and others to participate in the webinar to learn more about the benefits of these tax programs. www.ncua.gov/newsroom/press-release/2021/registration-now-open-webinar-earned-income-tax-credit-and-volunteer-income-tax-assistance-programs February 17, 2021 - Unauthorized Banking: National Bank and Trust - The Office of the Comptroller of the Currency has been informed that an entity using the name of National Bank and Trust and reporting to be located at 255 California Street #9, San Francisco, Calif., is misrepresenting itself as a national bank. www.occ.treas.gov/news-issuances/alerts/2021/alert-2021-1.html February 17, 2021 - Fictitious Notification Regarding the Release of Funds Supposedly Under the Control of the Office of the Comptroller of the Currency - Consumers have reported receiving various fictitious email messages related to an inheritance/beneficiary scam, which allege to be initiated by the Office of the Comptroller of the Currency or senior officials of the agency regarding funds purportedly under the control of the OCC. www.occ.treas.gov/news-issuances/alerts/2021/alert-2021-2.html February 17, 2021 - OCC Promotes Two to Deputy Comptroller for Large Bank Supervision - The Office of the Comptroller of the Currency today announced the promotions of Tanya Smith and Michael (Tim) McDonald to Deputy Comptroller for Large Bank Supervision. www.occ.gov/news-issuances/news-releases/2021/nr-occ-2021-22.html February 17, 2021 - FDIC Announces Personnel Changes - The Federal Deposit Insurance Corporation today announced the appointments of Arleas Upton Kea as Deputy to the Chairman for External Affairs and Nikita Pearson as Director of the Office of Minority and Women Inclusion. www.fdic.gov/news/press-releases/2021/pr21010.html February 17, 2021 - Statistical Release - Finance Companies - G.20. www.federalreserve.gov/releases/g20/current/g20.htm February 17, 2021 - Factors Affecting Recent U.S. Tariffs on Imports from China - Aaron Flaaen, Kathryn Langemeier, and Justin Pierce - The period from January 2018 to September 2019 saw an unprecedented increase in tariffs placed on U.S. imports, especially on those originating in China. www.federalreserve.gov/econres/notes/feds-notes/factors-affecting-recent-us-tariffs-on-imports-from-china-20210217.htm February 17, 2021 - Industrial Production and Capacity Utilization - G.17 - Industrial production increased 0.9 percent in January. Manufacturing output rose 1.0 percent, about the same as its average gain over the previous five months. www.federalreserve.gov/releases/g17/current/default.htm February 17, 2021 - Minutes of the Federal Open Market Committee, January 26-27, 2021 - The minutes for each regularly scheduled meeting of the Committee ordinarily are made available three weeks after the day of the policy decision and subsequently are published in the Board�s Annual Report. www.federalreserve.gov/newsevents/pressreleases/monetary20210217a.htm February 16, 2021 - NCUA�s Four Funds Receive Clean 2020 Audit Opinions - The National Credit Union Administration�s four funds again earned unmodified, or �clean,� audit opinions for 2020, according to audited financial statements released today by the agency�s Office of the Inspector General. www.ncua.gov/newsroom/press-release/2021/ncuas-four-funds-receive-clean-2020-audit-opinions February 16, 2021 - Role of Supervisory Guidance: Final Rule - The Office of the Comptroller of the Currency has approved a final rule which confirms that supervisory guidance does not create binding legal obligations for the public. The final rule adopts the proposed rule, which was published on November 5, 2020, without substantive change. www.occ.treas.gov/news-issuances/bulletins/2021/bulletin-2021-8.html February 16, 2021 - Real Estate: A Vital Sector Poised for Change By Esther George President and Chief Executive Officer Federal Reserve Bank of Kansas City. www.kansascityfed.org/~/media/files/publicat/speeches/2021/2021-george-umkc-2-16.pdf February 16, 2021 - St. Louis Fed Appoints Members to Community Banking Advisory Council - The Federal Reserve Bank of St. Louis has appointed two new members to its Community Depository Institutions Advisory Council, which advises St. Louis Fed President James Bullard on the credit, banking and economic conditions facing council members� institutions and local communities. www.stlouisfed.org/news-releases/2021/02/16/st-louis-fed-appoints-members-to-community-banking-advisory-council February 16, 2021 - Final Rule to Address the Temporary Deposit Insurance Assessment Effects of the Optional Regulatory Capital Transitions for Implementing the Current Expected Credit Losses Methodology - The final rule removes the double counting of a specified portion of the CECL transitional amount or the modified CECL transitional amount, as applicable, in the calculation of certain financial measures that are used to determine assessment rates for large or highly complex insured depository institutions. www.fdic.gov/news/financial-institution-letters/2021/fil21007.html February 16, 2021 - FDIC Appoints First Chief Innovation Officer - The Federal Deposit Insurance Corporation (FDIC) today named Sultan Meghji as the agency�s first Chief Innovation Officer, charged with leading the FDIC�s efforts to promote the adoption of innovative technologies across the financial services sector. www.fdic.gov/news/press-releases/2021/pr21009.html February 16, 2021 - Is Lending Distance Really Changing? Distance Dynamics and Loan Composition in Small Business Lending - Robert M. Adams, Kenneth P. Brevoort, John C. Driscoll - Has information technology improved small businesses' access to credit by hardening the information used in loan underwriting and reducing the importance of proximity to lenders? www.federalreserve.gov/econres/feds/is-lending-distance-really-changing-distance-dynamics-and-loan-composition-in-small-business-lending.htm February 16, 2021 - Federal Advisory Council, Record of Meeting - February 4, 2021 - The Federal Advisory Council, which is composed of twelve representatives of the banking industry, consults with and advises the Board on all matters within the Board's jurisdiction. www.federalreserve.gov/aboutthefed/fac.htm February 16, 2021 - Monetary policy and the corporate bond market: How important is the Fed information effect? - Michael Smolyansky and Gustavo Suarez - Does expansionary monetary policy drive up prices of risky assets? www.federalreserve.gov/econres/feds/monetary-policy-and-the-corporate-bond-market-how-important-is-the-fed-information-effect.htm February 16, 2021 - Legal Developments: Fourth Quarter, 2020 - The Federal Reserve Bulletin--first published by the Federal Reserve Board in 1914--contains topical research and analysis and quarterly "Legal Developments." www.federalreserve.gov/publications/bulletin.htm February 16, 2021 - What Drives Bank Peformance? - Luca Guerrieri and James Collin Harkrader - Focusing on some key metrics of bank performance, such as revenues and loan charge-off rates, we estimate the fraction of the observed variation in these metrics that can be attributed to changes in economic conditions. www.federalreserve.gov/econres/feds/what-drives-bank-peformance.htm February 16, 2021 - Speech by Governor Bowman on bank regulation and supervision At the Conference for Community Bankers sponsored by the American Bankers Association (via prerecorded video). www.federalreserve.gov/newsevents/speech/bowman20210216a.htm February 12, 2021 - OCC Releases Dodd-Frank Act Stress Test Scenarios for 2021 - 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/2021/nr-occ-2021-20.html February 12, 2021 - The Effects of COVID-19, as Reported by Local Communities - Andrew Dumont - Since early-April 2020, the Community Development function of the Federal Reserve Board and the twelve Federal Reserve Banks have, approximately every eight weeks, surveyed key stakeholders in local communities across the United States to learn about how the COVID-19 pandemic is affecting their community. www.federalreserve.gov/econres/notes/feds-notes/the-effects-of-covid-19-as-reported-by-local-communities-20210212.htm February 12, 2021 - Credit and Liquidity Programs and the Balance Sheet - Recent balance sheet trends, weekly chart update. https://www.federalreserve.gov/monetarypolicy/bst_recenttrends.htm February 12, 2021 - Federal Reserve Board releases hypothetical scenarios for its 2021 bank stress tests - The Federal Reserve Board on Friday released the hypothetical scenarios for its 2021 bank stress tests. www.federalreserve.gov/newsevents/pressreleases/bcreg20210212a.htm __________________________ February 11, 2021 - In the Latest Edition of AgLetter - Midwest Farmland Values Surged in 2020 - According to the most recent AgLetter, Seventh District farmland values in the fourth quarter of 2020 were 6 percent higher than a year ago. www.chicagofed.org/publications/agletter/index February 10, 2021 - Globalization, Trade Imbalances and Labor Market Adjustment - Rafael Dix-Carneiro, Joao Paulo Pessoa, Ricardo Reyes-Heroles, Sharon Traiberman - We study the role of global trade imbalances in shaping the adjustment dynamics in response to trade shocks. www.federalreserve.gov/econres/ifdp/globalization-trade-imbalances-and-labor-market-adjustment.htm February 10, 2021 - Speech by Chair Powell on getting back to a strong labor market - Chair Jerome H. Powell At the Economic Club of New York (via webcast). www.federalreserve.gov/newsevents/speech/powell20210210a.htm February 9, 2021 - Report and Disclosures on Funding, Credit, Liquidity, and Loan Facilities - Periodic Report: Update on Outstanding Lending Facilities Authorized by the Board under Section 13(3) of the Federal Reserve Act: www.federalreserve.gov/publications/files/pdcf-mmlf-cpff-pmccf-smccf-talf-mlf-ppplf-msnlf-mself-msplf-nonlf-noelf-02-09-21.pdf February 8, 2021 - Household Financial Stability in Detroit: Empowering People to Bring About Prosperity - By Caroline Beetz Fenske - The virtual event, �Advancing Household Financial Stability in Detroit,� which was held on February 2, is the latest in a series of Project Hometown events sponsored by the Chicago Fed. www.chicagofed.org/publications/blogs/chicago-fed-insights/2021/financial-stability-in-detroit February 8, 2021 - Notice of a Meeting under Expedited Procedures - A closed meeting of the Board of Governors of the Federal Reserve System was held at 11:15 a.m. on February 8, 2021. 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/20210208closed.htm February 8, 2021 - Federal Reserve Board announces approval of application by Regions Bank - The Federal Reserve Board on Monday announced its approval of the application under section 9 of the Federal Reserve Act by Regions Bank, Birmingham, Alabama, to establish a branch at Farm to Market Road 423 (West University Drive), just south of Highway 380, Frisco, Texas. www.federalreserve.gov/newsevents/pressreleases/orders20210208b.htm February 8, 2021 - Federal Reserve Board announces approval of application by Simmons Bank - The Federal Reserve Board on Monday announced its approval of the application under section 9 of the Federal Reserve Act by Simmons Bank, Pine Bluff, Arkansas, to establish a branch at 8319 Preston Road, Dallas, Texas. www.federalreserve.gov/newsevents/pressreleases/orders20210208a.htm February 5, 2021 - OCC Conditionally Approves Conversion of Protego Trust Bank - The Office of the Comptroller of the Currency today announced conditional approval of the conversion of Protego Trust Company, a Washington state-chartered trust company, to become Protego Trust Bank, National Association. www.occ.gov/news-issuances/news-releases/2021/nr-occ-2021-19.html February 5, 2021 - Statistical Release - Consumer Credit - G.19 - In 2020, revolving credit decreased 11.2 percent and nonrevolving credit increased 3.9 percent, leaving total consumer credit little changed. www.federalreserve.gov/releases/g19/current/default.htm February 5, 2021 - FOIA - Chair Powell's calendar, December 2020. www.federalreserve.gov/foia/chairman-powell-calendar.htm February 5, 2021 - Credit and Liquidity Programs and the Balance Sheet - Recent balance sheet trends, weekly chart update. www.federalreserve.gov/monetarypolicy/bst_recenttrends.htm February 4, 2021 - Strengthening the Community Reinvestment Act to Advance Financial Inclusion and Equity - The CRA encourages banks and communities to work together to create opportunity and address the needs of low- and moderate-income areas. www.chicagofed.org/events/2021/strengthening-the-cra February 4, 2021 - Bought, Sold and Bought Again: The Impact of Complex Value Chains on Export Elasticities - Fran�ois de Soyres, Erik Frohm, Vanessa Gunnella and Elena Pavlova - Global value chain participation affects the relationship between trade volumes and exchange rate movements. www.federalreserve.gov/econres/ifdp/bought-sold-and-bought-again-impact-of-complex-value-chains-on-export-elasticities.htm February 4, 2021 - Regional Trade Agreements with Global Value Chains - Fran�ois de Soyres, Julien Maire and Guillaume Sublet - The rise of Global Value Chains is a dominating feature of the recent evolution in the structure of international trade. www.federalreserve.gov/econres/notes/feds-notes/regional-trade-agreements-with-global-value-chains-20210204.htm _____________ February 4, 2021 - Economic Update for Oklahoma - OBA By Megan Williams Associate Economist and Manager, Oklahoma City Branch. www.kansascityfed.org/~/media/files/publicat/speeches/2021/williams-oba-2-4-2021.pdf | February 4, 2021 - FDIC Issues List of Banks Examined for CRA Compliance - The list covers evaluation ratings that the FDIC assigned to institutions in November 2020. www.fdic.gov/news/press-releases/2021/pr21008.html February 4, 2021 - 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 8, 2021. www.federalreserve.gov/aboutthefed/boardmeetings/20210208closed.htm February 4, 2021 - Federal Reserve Board announces termination of enforcement action - Federal Reserve Board announces termination of enforcement action with Santander Holdings USA, Inc. and Santander Consumer USA, Inc. www.federalreserve.gov/newsevents/pressreleases/enforcement20210204a.htm February 3, 2021 - U.S. Economic Outlook and Monetary Policy: Challenges, Resiliency, and Opportunities - A speech presented virtually on February 3, 2021, to the Oakland University School of Business Administration, Department of Economics, in Rochester, MI. www.chicagofed.org/publications/speeches/2021/challenges-resiliency-opportunities February 3, 2021 - Bridging the Digital Divide: Challenges and Recommendations By Caroline Beetz Fenske - A panel of experts advocated for a range of critical actions to address the digital divide in a virtual Project Hometown event on January 28, hosted by the Federal Reserve Bank of Chicago. www.chicagofed.org/publications/blogs/chicago-fed-insights/2021/bridging-the-digital-divide February 3, 2021 - Real Estate for Bank Premises: Notice of Proposed Rulemaking - On January 4, 2021, the Office of the Comptroller of the Currency approved a proposed rule that would modify the requirements applicable to premises of national banks and federal savings associations. https://www.occ.treas.gov/news-issuances/bulletins/2021/bulletin-2021-6.html February 3, 2021 - OCC Releases CRA Evaluations for 21 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, 2021 through January 31, 2021. www.occ.treas.gov/news-issuances/news-releases/2021/nr-occ-2021-17.html February 3, 2021 - OCC to Host Virtual Innovation Office Hours - The Office of the Comptroller of the Currency today announced that it will hold virtual Innovation Office Hours, March 17-18, to promote responsible innovation in the federal banking system. www.occ.gov/news-issuances/news-releases/2021/nr-occ-2021-18.html February 3, 2021 - St. Louis Fed's Bullard Presents "The Pandemic Endgame Continues" - Federal Reserve Bank of St. Louis President James Bullard presented �The Pandemic Endgame Continues� via webinar for the CFA Society St. Louis on Wednesday. www.stlouisfed.org/news-releases/2021/02/03/bullard-the-pandemic-endgame-continues February 2, 2021 - Economic Landscape for Oklahoma Region By Chad Wilkerson Vice President and Oklahoma City Branch Executive. www.kansascityfed.org/~/media/files/publicat/speeches/2021/wilkerson-nora-2-2-2021.pdf February 2, 2021 - How Vulnerable Are Insurance Companies to a Downturn in the Municipal Bond Market? By Andy Polacek , Shanthi Ramnath - As the U.S. economy remains weakened by the Covid-19 pandemic, concern persists for the health and resilience of the municipal bond market. Municipal bonds are debt securities issued by state and local governments to raise money and are generally considered to be safe investments. www.chicagofed.org/publications/chicago-fed-letter/2021/451 February 2, 2021 - Advancing Household Financial Stability in Detroit - This forum is part of Project Hometown, an initiative from the Chicago Fed that aims to foster discussion around the challenges and opportunities confronting hometowns in the Federal Reserve�s Seventh District. www.chicagofed.org/events/project-hometown/detroit-finances February 2, 2021 - Register Now for NCUA Chairman�s Webinar on Feb. 11 - The National Credit Union Administration will hold a webinar on Thursday, February 11, that will provide participants with an update on Chairman Todd M. Harper�s priorities, the agency�s supervisory activities, and recently issued guidance and regulations, among other topics. www.ncua.gov/newsroom/press-release/2021/register-now-ncua-chairmans-webinar-feb-11 February 2, 2021 - OCC Releases CRA Evaluations for 21 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, 2021 through January 31, 2021. www.occ.gov/news-issuances/news-releases/2021/nr-occ-2021-17.html February 2, 2021 - The COVID-19 Shock and Consumer Credit: Evidence from Credit Card Data - Akos Horvath, Benjamin Kay, and Carlo Wix - We use credit card data from the Federal Reserve Board's FR Y-14M reports to study the impact of the COVID-19 shock on the use and availability of consumer credit across borrower types from March through August 2020. www.federalreserve.gov/econres/feds/covid-19-shock-and-consumer-credit-evidence-from-credit-card-data.htm February 2, 2021 - Federal Reserve Board announces termination of enforcement action with Hua Nan Commercial Bank Limited and Hua Nan Commercial Bank Limited New York Agency. www.federalreserve.gov/newsevents/pressreleases/enforcement20210202a.htm February 1, 2021 - NCUA - Harper Names Catherine Galicia as Chief of Staff - National Credit Union Administration Chairman Todd M. Harper selected Catherine Galicia to serve as his Chief of Staff. www.ncua.gov/newsroom/press-release/2021/harper-names-catherine-galicia-chief-staff February 1, 2021 - Senior Loan Officer Opinion Survey on Bank Lending Practices, January 2021 - 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 1, 2021 - Forecasting During the COVID-19 Pandemic: A Structural Analysis of Downside Risk - Martin Bodenstein, Pablo Cuba-Borda, Jay Faris, and Nils Goernemann - The Risk of Recessionary Dynamics - The global collapse in economic activity triggered by individual and policy-mandated responses to the spread of COVID-19 is unprecedented both in scale and origin. www.federalreserve.gov/econres/notes/feds-notes/forecasting-during-the-covid-19-pandemic-a-structural-analysis-of-downside-risk-20210201.htm February 1, 2021 - Household and Business Debt: A Fire-Sale Risk Analysis - Fang Cai, Gene Kang, Gazi I. Kara, Nathan Swem, and Filip Zikes - As of year-end 2019, nonfinancial business debt and household debt as a share of GDP were at similar levels of around 74 percent, and yet Federal Reserve Financial Stability Report suggested that BD posed greater risks to financial stability than HD. www.federalreserve.gov/econres/notes/feds-notes/household-and-business-debt-a-fire-sale-risk-analysis-20210201.htm |
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