Virtual/remote audits - I am performing virtual/remote FFIEC IT/AIO audits for banks and credit unions. I am a former bank examiner with years of IT auditing experience. Please contact R. Kinney Williams at examiner@yennik.com from your bank's email and I will send you information and fees. All correspondence is confidential.

February 28, 2022 - NCUA - The Honorable Todd M. Harper Chairman of the National Credit Union Administration Remarks before the CUNA Governmental Affairs Conference.  www.ncua.gov/news/speeches

February 28, 2022 - NCUA Issues Prohibition Order - The National Credit Union Administration issued one prohibition order in February. www.ncua.gov/newsroom/press-release/2022/ncua-issues-prohibition-order-0

February 28, 2022 - NCUA to Distribute $569 Million Under Corporate System Resolution Program - The National Credit Union Administration, in its role as liquidating agent, announced a $359.2 million distribution to more than 1,000 membership capital shareholders of the former Members United, Constitution, and U.S. Central corporate credit unions. www.ncua.gov/newsroom/press-release/2022/ncua-distribute-569-million-under-corporate-system-resolution-program

February 28, 2022 - Revised Licensing Booklets: Revised Comptroller’s Licensing Manual Booklets - The Office of the Comptroller of the Currency issued today the “Articles of Association, Charter, and Bylaw Amendments,” “Fiduciary Powers,” “Subordinated Debt,” and “Subsidiaries and Equity Investments” booklets of the Comptroller’s Licensing Manual. www.occ.gov/news-issuances/bulletins/2022/bulletin-2022-5.html

February 28, 2022 - 2021 Financial Institution Diversity Self-Assessments: Voluntary Self-Assessments Accepted Now through June 30, 2022 - The FDIC’s Office of Minority and Women Inclusion encourages all FDIC-supervised financial institutions, particularly those with 100 or more employees, to submit voluntary self-assessments of their diversity policies and practices. www.fdic.gov/news/financial-institution-letters/2022/fil22009.html

February 28, 2022 - FDIC Issues CRA Examination Schedules for Second Quarter 2022 and Third Quarter 2022 - The Federal Deposit Insurance Corporation today issued the lists of institutions scheduled for a Community Reinvestment Act examination during the second quarter 2022 and third quarter 2022. www.fdic.gov/news/press-releases/2022/pr22021.html

February 25, 2022 - AgLetter: February 2022 By David Oppedahl - There was an annual increase of 22 percent in the Seventh Federal Reserve District’s agricultural land values in 2021—the largest such rise over the past decade. www.chicagofed.org/publications/agletter/2020-2024/february-2022 

February 25, 2022 - Tenth District Services Activity Grew Moderately - Regional services activity increased modestly in February. www.kansascityfed.org/surveys/services-survey/tenth-district-services-activity-grew-moderately-in-february-2022/

February 25, 2022 - FDIC Makes Public January Enforcement Actions - The administrative enforcement actions in those Orders consisted of four Orders to Pay Civil Money Penalty, one order terminating consent order, one voluntary termination of deposit insurance, and three orders of prohibition from further participation. www.fdic.gov/news/press-releases/2022/pr22020.html

February 25, 2022 - Credit and Liquidity Programs and the Balance Sheet - Recent balance sheet trends, weekly chart update.  www.federalreserve.gov/monetarypolicy/bst_recenttrends.htm

February 25, 2022 - Monetary Policy Report February 2022 - " This report⁠—called the Monetary Policy Report⁠—is submitted semiannually to the Senate Committee on Banking, Housing, and Urban Affairs and to the House Committee on Financial Services, along with testimony from the Federal Reserve Board Chair. www.federalreserve.gov/monetarypolicy/mpr_default.htm

February 25, 2022 - How Does Monetary Policy Affect Prices of Corporate Loans? - Seung Kwak - This paper studies the impact of unanticipated monetary policy news around FOMC announcements on secondary market corporate loan spreads. www.federalreserve.gov/econres/feds/how-does-monetary-policy-affect-prices-of-corporate-loans.htm

February 25, 2022 - Federal Reserve Board begins 2022 Survey of Consumer Finances - The Federal Reserve Board in March will begin a statistical study of household finances, the Survey of Consumer Finances, that will provide policymakers with important insight into the economic condition of a broad cross section of American families. www.federalreserve.gov/newsevents/pressreleases/other20220225a.htm

February 24, 2022 - Federal Reserve Board announces approval of application by Home BancShares, Inc. - The Federal Reserve Board on Thursday announced its approval of the application by Home BancShares, Inc., Conway, Arkansas, to acquire Happy Bancshares, Inc., Canyon, Texas, and thereby indirectly acquire Happy State Bank, Happy, Texas. www.federalreserve.gov/newsevents/pressreleases/orders20220224a.htm

February 24, 2022 - Farm Real Estate Values Continue Rapid Climb - Agricultural real estate values continued to increase at a rapid pace across farm country through the end of 2021. www.kansascityfed.org/agriculture/agfinance-updates/Farm-Real-Estate-Values-Continue-Rapid-Climb/
______________________________

February 24, 2022 - Tenth District Manufacturing Activity Grew at a Strong Pace - Regional factory activity continued to increase in February. Firms noted that supply chain and shipping delays continue to cause issues. www.kansascityfed.org/surveys/manufacturing-survey/tenth-district-manufacturing-activity-grew-at-a-strong-pace/

February 24, 2022 - Federal Reserve Board announces $20.4 million penalty against the National Bank of Pakistan, a foreign bank operating in the United States and headquartered in Pakistan, for anti-money laundering violations www.federalreserve.gov/newsevents/pressreleases/enforcement20220224a.htm

February 23, 2022 - Kristin Dziczek Joins Chicago Fed as Policy Advisor - Kristin Dziczek has joined the Federal Reserve Bank of Chicago's Detroit Branch as an automotive policy advisor in the Bank's Economic Research Department. www.chicagofed.org/publications/news/2022/kristin-dziczek-joins-chicago-fed-as-policy-advisor

February 23, 2022 - NCUA - Control of Municipal Credit Union Returned to Members - Municipal Credit Union, located in New York City, is once again under the control of its members after release from conservatorship, the National Credit Union Administration and the New York State Department of Financial Services announced today. https://www.ncua.gov/newsroom/press-release/2022/control-municipal-credit-union-returned-members

February 23, 2022 - OCC Issues Second and Third Quarter 2022 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 and third quarters of 2022. www.occ.gov/news-issuances/news-releases/2022/nr-occ-2022-19.html

February 23, 2022 -This Time Is Different�Because We Are - Mary C. Daly, President and Chief Executive Officer Federal Reserve Bank of San Francisco.  https://www.frbsf.org/our-district/press/presidents-speeches/mary-c-daly/2022/february/this-time-is-different-because-we-are/

February 23, 2022 - Revisiting the Effect of Education on Later Life Health - Avanish Moorthy, Theodore F. Figinski, and Alicia Lloro - Using variation in state compulsory schooling laws, we examine education's effect on a range of outcomes encompassing physical health, decision-making, and life expectancy. www.federalreserve.gov/econres/feds/revisiting-the-effect-of-education-on-later-life-health.htm

February 22, 2022 - Community Reinvestment Act: Frequently Asked Questions Regarding the Final Rule to Rescind the OCC's June 2020 CRA Rule - The December 2021 CRA final rule, effective January 1, 2022, replaced the June 2020 CRA rule with provisions largely based on the rules adopted jointly by the OCC, the Board of Governors of the Federal Reserve System, and the Federal Deposit Insurance Corporation in 1995, as revised. www.occ.gov/news-issuances/bulletins/2022/bulletin-2022-4.html

February 22, 2022 - Register for Free Event | Historically Speaking: A Great Moral and Social Force - The Smithsonian�s National Museum of African American History and Culture hosts this virtual event exploring the impact of Black community banking. https://www.kansascityfed.org/events/historically-speaking-a-great-moral-and-social-forceconversation-with-timothy-todd/

February 22, 2022 - New Community Banking Bulletin Available - As the economy has started to rebound from the COVID‐19 pandemic, merger activity at community banking organizations has also started to rebound. www.kansascityfed.org/banking/community-banking-bulletin/merger-activity-started-to-pick-up-in-the-second-half-of-2021/

February 22, 2022 - Drivers of Bank Supply of Business Loans - Andrew Castro, David Glancy, and Felicia Ionescu - Numerous studies show that tightening loan supply may significantly affect credit outcomes, including declines in total lending capacity and changes in loan terms (see for example, Bassett et al. (2014), Castro et al. (2022), Lown and Morgan (2006)). www.federalreserve.gov/econres/notes/feds-notes/drivers-of-bank-supply-of-business-loans-20220222.htm

February 22, 2022 - SUBJECT: Interagency Statement on Special Purpose Credit Programs Under the Equal Credit Opportunity Act and Regulation B - Many financial institutions have publicly committed billions of dollars to better meet the needs of underserved communities, and the statement calls attention to the special purpose credit options under ECOA and Regulation B.
Press Release: www.federalreserve.gov/supervisionreg/caletters/caltr2202.htm
Press Release: www.fdic.gov/news/financial-institution-letters/2022/fil22008.html
Press Release: www.occ.gov/news-issuances/bulletins/2022/bulletin-2022-3.html

February 22, 2022 - Minutes of the Board's discount rate meetings on January 18 and January 26, 2022. www.federalreserve.gov/newsevents/pressreleases/monetary20220222a.htm

February 21, 2022 - Speech by Governor Bowman on high inflation and the outlook for monetary policy At the American Bankers Association Community Banking Conference, Palm Desert, California.  www.federalreserve.gov/newsevents/speech/bowman20220221a.htm

February 18, 2022 - On the Benefits of Running the Economy Hot - A speech presented by Charles Evans, president and chief executive officer, Federal Reserve Bank of Chicago, on February 18, 2022, at the 2022 US Monetary Policy Forum, sponsored by the Initiative on Global Markets at the University of Chicago Booth School of Business, in New York City, NY. www.chicagofed.org/publications/speeches/2022/february-18-us-monetary-policy-forum

February 18, 2022 - Statistical Release - Charge-Off and Delinquency Rates on Loans and Leases at Commercial Banks.  www.federalreserve.gov/releases/chargeoff/

February 18, 2022 - Estimating U.S. Cross-Border Securities Flows: Ten Years of the TIC SLT - Carol Bertaut and Ruth Judson - The Treasury International Capital system collects cross-border securities positions and transactions data and is the primary source of information on foreign official and private demand for U.S. Treasuries and other U.S. securities, as well as for U.S. investment in foreign securities. www.federalreserve.gov/econres/notes/feds-notes/estimating-u-s-cross-border-securities-flows-ten-years-of-the-tic-slt-20220218.htm

February 18, 2022 - 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 18, 2022 - Credit and Liquidity Programs and the Balance Sheet - Recent balance sheet trends, weekly chart update.  www.federalreserve.gov/monetarypolicy/bst_recenttrends.htm

February 18, 2022 - Global Real Economic Uncertainty and COVID-19 - Ranie Lin, Juan M. Londono, and Sai Ma - The COVID-19 pandemic led to unprecedented disruptions in supply, demand, and productivity, which have had cataclysmic health, social, and economic implications across the globe. www.federalreserve.gov/econres/notes/feds-notes/global-real-economic-uncertainty-and-covid-19-20220218.htm

February 18, 2022 - Comments by Governor Waller on "Some Benefits and Risks of a Hot Economy" At the 2022 U.S. Monetary Policy Forum, New York, New York.  www.federalreserve.gov/newsevents/speech/waller20220218a.htm

February 18, 2022 - Speech by Governor Brainard on central bank digital currencies At the 2022 U.S. Monetary Policy Forum, New York, New York.   www.federalreserve.gov/newsevents/speech/brainard20220218a.htm

February 18, 2022 - FOMC formally adopts comprehensive new rules for investment and trading activity - The Federal Open Market Committee on Friday announced that it unanimously formally adopted comprehensive new rules for the investment and trading activity of senior officials. www.federalreserve.gov/newsevents/pressreleases/monetary20220218a.htm

February 17, 2022 - NCUA Board Proposes Increasing Threshold for ONES Supervision - Through a live webcast, the National Credit Union Administration Board held its second open meeting of 2022 and unanimously approved two items: www.ncua.gov/newsroom/press-release/2022/ncua-board-proposes-increasing-threshold-ones-supervision

February 17, 2022 - Statistical Release - Finance Companies - G.20.  www.federalreserve.gov/releases/g20/current/g20.htm

February 17, 2022 - Federal Reserve Board announces approval of application by Stock Yards Bancorp, Inc. - The Federal Reserve Board on Thursday announced its approval of the application by Stock Yards Bancorp, Inc., Louisville, Kentucky, to acquire Commonwealth Bancshares, Inc., and indirectly acquire its subsidiary bank, Commonwealth Bank & Trust Company, both of Louisville, Kentucky. www.federalreserve.gov/newsevents/pressreleases/orders20220217a.htm
___________________________

February 17, 2022 - What Is Inclusive Full Employment? - April 7, 2022 1:00 � 2:30 p.m. CT/2:00 � 3:30 p.m. ET - Join us for the Economic Mobility Project�s inaugural virtual event, where we will explore what a truly inclusive form of full employment would look like and what the Fed can do to help achieve it. www.chicagofed.org/research/mobility/event

February 17, 2022 - Midwest Farmland Values Soared in 2021 - There was an annual increase of 22 percent in the Seventh Federal Reserve District�s agricultural land values in 2021�the largest such rise over the past decade. www.chicagofed.org/publications/agletter/2020-2024/february-2022

February 17, 2022 - OCC Enforcement Actions and Terminations - The Office of the Comptroller of the Currency today released new enforcement actions taken against national banks, federal savings associations, and individuals currently and formerly affiliated with national banks and federal savings associations. www.occ.treas.gov/news-issuances/news-releases/2022/nr-occ-2022-18.html

February 17, 2022 - Speech by Governor Waller on the economic outlook At the Forecasters Club of New York, New York, New York.  https://www.federalreserve.gov/newsevents/speech/waller20211217a.htm

February 16, 2022 - Historically Speaking: A Great Moral and Social Force�Conversation with Timothy Todd - TUESDAY, FEBRUARY 22, 2022 - The Smithsonian�s National Museum of African American History and Culture hosts this virtual event exploring the impact of Black community banking. www.kansascityfed.org/events/historically-speaking-a-great-moral-and-social-forceconversation-with-timothy-todd/

February 16, 2022 - Semiannual Report on Banking Applications Activity, January 1-June 30, 2021. www.federalreserve.gov/publications/semiannual-report-on-banking-applications-activity.htm

February 16, 2022 - FRB/US Model - The main FRB/US model package is a self-contained set of equations, data, programs and documentation that enables various types of simulations and provides information about the model's structure. www.federalreserve.gov/econres/us-models-package.htm

February 16, 2022 - FOMC FOIA Annual Report, 2021. www.federalreserve.gov/foia/fomc/annualreports.htm

February 16, 2022 - The Dynamics of Global Sourcing - The Dynamics of Global Sourcing - Trang Hoang - This paper studies an import model that incorporates both static crosscountry interdependence and dynamic dependence in firm-level decisions. www.federalreserve.gov/econres/ifdp/the-dynamics-of-global-sourcing.htm

February 16, 2022 - Devaluations, Deposit Dollarization, and Household Heterogeneity - Francesco Ferrante and Nils Gornemann - We study the aggregate and re-distributive effects of currency devaluations in a small open economy heterogeneous households model with leverage-constrained banks. www.federalreserve.gov/econres/ifdp/devaluations-deposit-dollarization-and-household-heterogeneity.htm

February 16, 2022 - Industrial Production and Capacity Utilization - G.17 - In January, total industrial production increased 1.4 percent. Manufacturing output and mining production rose 0.2 percent and 1.0 percent, respectively. www.federalreserve.gov/releases/g17/Current/

February 16, 2022 - Minutes of the Federal Open Market Committee, January 25�26, 2022. www.federalreserve.gov/newsevents/pressreleases/monetary20220216a.htm

February 15, 2022 - NCUA�s Funds Receive Clean Audit Opinions - The National Credit Union Administration�s four funds again earned unmodified, or �clean,� audit opinions for 2021, according to audited financial statements released today by the agency�s Office of the Inspector General. www.ncua.gov/newsroom/press-release/2022/ncuas-funds-receive-clean-audit-opinions

February 15, 2022 - Acting Comptroller of the Currency Launches Project REACh Efforts in Detroit - The Office of the Comptroller of the Currency launched Project REACh, the Roundtable for Economic Access and Change, to bring together leaders from the banking industry, civil rights organizations, business, and technology to identify and reduce barriers that prevent full, equal, and fair participation in the nation�s economy. www.occ.gov/news-issuances/news-releases/2022/nr-occ-2022-17.html

February 15, 2022 - FDIC Releases Economic Scenarios for 2022 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/press-releases/2022/pr22019.html

February 15, 2022 - Financial Stability Considerations for Monetary Policy: Empirical Evidence and Challenges - Nina Boyarchenko, Giovanni Favara, and Moritz Schularick - This paper reviews literature on the empirical relationship between vulnerabilities in the financial system and the macroeconomy, and how monetary policy affects that connection. www.federalreserve.gov/econres/feds/financial-stability-considerations-for-monetary-policy-empirical-evidence-and-challenges.htm

February 15, 2022 - Financial Stability Considerations for Monetary Policy: Theoretical Mechanisms - Andrea Ajello, Nina Boyarchenko, Fran�ois Gourio, and Andrea Tambalotti - This paper reviews the theoretical literature at the intersection of macroeconomics and finance to draw lessons on the connection between vulnerabilities in the financial system and the macroeconomy, and on how monetary policy affects that connection. www.federalreserve.gov/econres/feds/financial-stability-considerations-for-monetary-policy-theoretical-mechanisms.htm

February 15, 2022 - Federal Reserve Board announces approval of application by Origin Bank. www.federalreserve.gov/newsevents/pressreleases/orders20220215a.htm

February 15, 2022 - Federal Reserve Board announces termination of enforcement action with Mesquite Financial Services, Inc. www.federalreserve.gov/newsevents/pressreleases/enforcement20220215a.htm

February 14, 2022 - The Effects of the �Great Resignation� on Labor Market Slack and Inflation - - Renato Faccini , Leonardo Melosi , Russell Miles - Research has established a strong and positive relationship between the share of employed workers quitting their jobs and the rate of wage and price inflation. www.chicagofed.org/publications/chicago-fed-letter/2022/465

February 14, 2022 - Eurgubian Named Director of External Affairs and Communications and Policy Advisor - Today, National Credit Union Administration Chairman Todd M. Harper announced the appointment of Elizabeth A. Eurgubian as director of external affairs and communications and policy advisor, effective February 14, 2022. www.ncua.gov/newsroom/press-release/2022/eurgubian-named-director-external-affairs-and-communications-and-policy-advisor

February 14, 2022 - Acting Comptroller Discusses Modernization of the Community Reinvestment Act - Acting Comptroller of the Currency Michael J. Hsu today discussed the history of the Community Reinvestment Act with the National Community Reinvestment Coalition. His remarks highlighted how a modernized CRA can help address persistent disparities and gaps in wealth and economic opportunities in minority, rural, and other vulnerable communities. www.occ.gov/news-issuances/news-releases/2022/nr-occ-2022-15.html

February 14, 2022 - Agencies issue 2021 Shared National Credit review - Federal bank regulatory agencies today released the 2021 Shared National Credit Review Report. According to the two SNC examinations conducted last year, credit risk for large syndicated loans improved modestly in 2021, but remains high.
Press Release: www.federalreserve.gov/newsevents/pressreleases/bcreg20220214a.htm
Press Release: www.fdic.gov/news/press-releases/2022/pr22018.html
Press Relesae: www.occ.gov/news-events/index-news-events.html

February 11, 2022 - Delinquency Rates and the �Missing Originations� in the Auto Loan Market - Vitaly M. Bord and Lucas M. Nathe - One of the surprising characteristics of the economic downturn induced by the COVID-19 pandemic is that delinquency rates in most consumer credit markets have remained low both during the downturn and the subsequent recovery. www.federalreserve.gov/econres/notes/feds-notes/delinquency-rates-and-the-missing-originations-in-the-auto-loan-market-20220211.htm

February 11, 2022 - Credit and Liquidity Programs and the Balance Sheet - Recent balance sheet trends, weekly chart update.  www.federalreserve.gov/monetarypolicy/bst_recenttrends.htm

February 11, 2022 - Report and Disclosures on Funding, Credit, Liquidity, and Loan Facilities.  www.federalreserve.gov/publications/reports-to-congress-in-response-to-covid-19.htm

February 11, 2022 - Federal Reserve Board announces approval of application by Susser Bank - The Federal Reserve Board on Friday announced its approval of the application by Susser Bank, Dallas, Texas, to establish a branch in Arlington, Texas. www.federalreserve.gov/newsevents/pressreleases/orders20220211b.htm

February 11, 2022 - Federal Reserve Board announces approval of application by South State Corporation. www.federalreserve.gov/newsevents/pressreleases/orders20220211a.htm

February 10, 2022 - OCC Releases Dodd-Frank Act Stress Test Scenarios for 2022 - The supervisory scenarios include baseline and severely adverse scenarios, as described in the OCC�s rule that implements stress test requirements of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010. www.occ.gov/news-issuances/news-releases/2022/nr-occ-2022-14.html

February 10, 2022 - Federal Reserve Board releases hypothetical scenarios for its 2022 bank stress tests - The Federal Reserve Board on Thursday released the hypothetical scenarios for its annual bank stress tests, which help ensure that large banks are able to lend to households and businesses even in a severe recession.  https://www.federalreserve.gov/newsevents/pressreleases/bcreg20220210a.htm

________________________________

February 10, 2022 - Do Net Interest Margins for Small and Large Banks Vary Differently with Interest Rates? - Lowering interest rates may be disadvantageous to small banks relative to large banks, but raising interest rates is not necessarily advantageous for them. www.kansascityfed.org/research/economic-review/do-net-interest-margins-for-small-and-large-banks-vary-differently-with-interest-rates/

February 10, 2022 - Balancing Before and After: Treasury Market Reform Proposals and the Connections Between Ex-Ante and Ex-Post Liquidity Tools - James A. Clouse - This paper develops a simple framework that helps to draw out some of the potential connections between ex-ante liquidity risk management tools such as liquidity requirements or mandatory fees and ex-post liquidity tools such as a lender of last resort. https://www.federalreserve.gov/econres/feds/treasury-market-reform-proposals-and-the-connections-between-ex-ante-and-ex-post-liquidity-tools.htm

February 10, 2022 - Federal Reserve issues enforcement action with First Midwest Bank.  www.federalreserve.gov/newsevents/pressreleases/enforcement20220210a.htm

February 9, 2022 - Acting Comptroller Issues Statement on Court Decision Regarding �Madden� Rule - Acting Comptroller of the Currency Michael J. Hsu issued the following statement regarding the decision issued by the District Court for the Northern District of California in the litigation challenging the Office of the Comptroller of the Currency rule to clarify the permissible interest on transferred loans. www.occ.gov/news-issuances/news-releases/2022/nr-occ-2022-13.html

February 9, 2022 - FDIC Announces Chief of Staff, COO, and General Counsel Appointments - The Federal Deposit Insurance Corporation Board of Directors has approved the selection of three new corporate officers: Kymberly Copa as Deputy to the Acting Chairman and Chief of Staff; Daniel Bendler as Deputy to the Acting Chairman and Chief Operating Officer; and Harrel Pettway to the position of General Counsel. www.fdic.gov/news/press-releases/2022/pr22017.html

February 9, 2022 - NCUA Transfers Publications Ordering to Government Publishing Office - Transferring the sale and distribution of NCUA publications to the GPO will leverage the government�s publication, product fulfillment, and distribution services, while saving the agency printing and shipping costs. www.ncua.gov/newsroom/press-release/2022/ncua-transfers-publications-ordering-government-publishing-office 

February 8, 2022 - The KC Fed LMCI suggests the level of activity increased in January, while momentum decelerated - The KC Fed LMCI suggests the level of activity increased in January, while momentum decelerated. www.kansascityfed.org/data-and-trends/lmci/current-release/

February 8, 2022 - Joint Release/Joint Readout of Principals� Meeting of UK and U.S. Authorities Regarding Central Counterparty Resolution - This meeting was one of a regular series of senior-level meetings held since 2017 to share views on CCP resolution and review the progress of an ongoing program of joint work among the agencies.  www.fdic.gov/news/press-releases/2022/pr22016.html 

February 7, 2022 - Counterfeit Official Checks of BankUnited, N.A., Miami Lakes, Fla. - The above-named bank has reported that a variety of counterfeit official checks using the bank�s routing number of 267090594 are being presented for payment nationwide in connection with various online job opportunity scams. www.occ.gov/news-issuances/alerts/2022/alert-2022-3.html

February 7, 2022 - OCC Announces Virtual Workshops for Community Bank Directors - The Office of the Comptroller of the Currency today announced its schedule of free, virtual workshops for boards of directors of national community banks and federal savings associations.  www.occ.gov/news-issuances/news-releases/2022/nr-occ-2022-11.html

February 7, 2022 - Acting Chairman Martin J. Gruenberg Announces FDIC Priorities for 2022 - Federal Deposit Insurance Corporation Acting Chairman Martin J. Gruenberg released this morning the following statement and summary of the FDIC�s priorities for the coming year: www.fdic.gov/news/press-releases/2022/pr22015.html

February 7, 2022 - Statistical Release - Consumer Credit - G.19 - In 2021, consumer credit increased 5.9 percent, with revolving and nonrevolving credit increasing 6.6 percent and 5.7 percent, respectively. www.federalreserve.gov/releases/g19/current/
 
February 7, 2022 - Agencies announce public meeting on proposed U.S. Bancorp Acquisition of MUFG Union Bank, National Association; public comment period extended - he Federal Reserve Board and the Office of the Comptroller of the Currency today announced a joint public meeting on the proposal by U.S. Bancorp, Minneapolis, Minnesota, to acquire MUFG Union Bank, National Association, San Francisco, California.
Press Release: www.federalreserve.gov/newsevents/pressreleases/other20220207a.htm
Press Release: www.occ.gov/news-issuances/news-releases/2022/nr-ia-2022-12.html

February 4, 2022 - FOIA - Chair Powell's calendar, December 2021.  www.federalreserve.gov/foia/chairman-powell-calendar.htm

February 4, 2022 - Credit and Liquidity Programs and the Balance Sheet - Recent balance sheet trends, weekly chart update. www.federalreserve.gov/monetarypolicy/bst_recenttrends.htm

February 4, 2022 - A Lawyer's Perspective on U.S. Payment System Evolution and Money in the Digital Age - Jess Cheng and Joseph Torregrossa - Take a close look at something that is widely used by the general public as "money" - a Federal Reserve note, a deposit with a bank, a balance with a nonbank payment company (such as PayPal or Venmo), or perhaps even a cryptocurrency - and ask what it means to use it as a store of value and a medium of exchange. www.federalreserve.gov/econres/notes/feds-notes/a-lawyers-perspective-on-us-payment-system-evolution-and-money-in-the-digital-age-20220204.htm

February 4, 2022 - Cross-Sectional Financial Conditions, Business Cycles and The Lending Channel - Thiago R.T. Ferreira - I document business cycle properties of the full cross-sectional distributions of U.S. stock returns and credit spreads from financial and nonfinancial firms. www.federalreserve.gov/econres/ifdp/cross-sectional-financial-conditions-business-cycles-and-the-lending-channel.htm

February 4, 2022 - Federal bank regulatory agencies to host the 2022 National Interagency Community Reinvestment Conference - The three federal bank regulatory agencies and the Federal Reserve Banks of Chicago and San Francisco will host the 2022 National Interagency Community Reinvestment Conference on March 15-17.
Press Release: www.federalreserve.gov/newsevents/pressreleases/bcreg20220204a.htm
Press Release: https://www.fdic.gov/news/press-releases/2022/pr22014.html
Press Release: www.occ.gov/news-issuances/news-releases/2022/nr-ia-2022-10.html

February 4, 2022 - Federal Reserve Board names Jerome H. Powell as Chair Pro Tempore, pending Senate confirmation to a second term as Chair of the Board of Governors.   www.federalreserve.gov/newsevents/pressreleases/other20220204a.htm

February 3, 2022 - How Did Banks and Investors Respond to the 2020 Stress Test Results? - Supervisory actions in 2020 helped build capital levels at large banks but may have indirectly hampered stock price returns. www.kansascityfed.org/research/economic-review/how-did-banks-and-investors-respond-to-the-2020-stress-test-results/

February 3, 2022 - Using Distributed Ledger Technology for Payment Directories - Peter Lone, Kumar Nagarajan, Trish Supples, and Paul Wong - The use of widely accessible and comprehensive payment directories can enable a safer, more efficient, and more accessible payments system. www.federalreserve.gov/econres/notes/feds-notes/using-distributed-ledger-technology-for-payment-directories-20220203.htm

February 3, 2022 - How global risk perceptions affect economic growth - How global risk perceptions affect economic growth- J�n Dan�elsson, Marcela Valenzuela, and Ilknur Zer - The global crisis in 2008 reminded us of the importance of the financial sector for the macroeconomy, a lesson many had forgotten in the decades after the previous global crisis, the Great Depression. Financial risk matters. www.federalreserve.gov/econres/notes/feds-notes/how-global-risk-perceptions-affect-economic-growth-20220203.htm

February 3, 2022 - Security Considerations for a Central Bank Digital Currency - Tarik Hansen and Katya Delak - The concept of a central bank digital currency has gained traction in recent years, with an increasing number of central banks announcing efforts to explore CBDC use cases and designs. www.federalreserve.gov/econres/notes/feds-notes/security-considerations-for-a-central-bank-digital-currency-20220203.htm
__________________

February 3, 2022 - OCC to Host Virtual Innovation Office Hours - The Office of the Comptroller of the Currency today announced that it will host virtual Innovation Office Hours on March 16-17, to promote responsible innovation in the federal banking system. www.occ.gov/news-issuances/news-releases/2022/nr-occ-2022-9.html

February 3, 2022 - How Did Banks and Investors Respond to the 2020 Stress Test Results? - Supervisory actions in 2020 helped build capital levels at large banks but may have indirectly hampered stock price returns. www.kansascityfed.org/research/economic-review/how-did-banks-and-investors-respond-to-the-2020-stress-test-results/

February 3, 2022 - Barto Joins St. Louis Fed�s Health Care Industry Council - Nick Barto, chief financial officer of St. Louis-based BJC HealthCare, has been named to the Health Care Industry Council of the Federal Reserve Bank of St. Louis. www.stlouisfed.org/news-releases/2022/02/03/barto-joins-st-louis-feds-health-care-industry-council

February 3, 2022 - FDIC Issues List of Banks Examined for CRA Compliance - The list covers evaluation ratings that the FDIC assigned to institutions in November 2021. www.fdic.gov/news/press-releases/2022/pr22012.html

February 3, 2022 - How global risk perceptions affect economic growth - J�n Dan�elsson, Marcela Valenzuela, and Ilknur Zer - The global crisis in 2008 reminded us of the importance of the financial sector for the macroeconomy, a lesson many had forgotten in the decades after the previous global crisis, the Great Depression. www.federalreserve.gov/econres/notes/feds-notes/how-global-risk-perceptions-affect-economic-growth-20220203.htm
 
February 3, 2022 - Security Considerations for a Central Bank Digital Currency - Tarik Hansen and Katya Delak - The concept of a central bank digital currency (CBDC) has gained traction in recent years, with an increasing number of central banks announcing efforts to explore CBDC use cases and designs. www.federalreserve.gov/econres/notes/feds-notes/security-considerations-for-a-central-bank-digital-currency-20220203.htm

February 2, 2022 - State Community Reinvestment Laws; Consumer Complaints: Input From State Officials and Consumer Complaint Referrals From States - The Riegle�Neal Act provides that branches of interstate national banks located in states other than the national banks� home states are required to comply with the community reinvestment laws of the host states. www.occ.gov/news-issuances/bulletins/2022/bulletin-2022-2.html

February 2, 2022 - FDIC Expands #GetBanked Campaign in Los Angeles, Dallas, and Detroit - As part of its ongoing work to expand financial inclusion to unbanked individuals and families, the Federal Deposit Insurance Corporation today announced it will expand its #GetBanked public awareness campaign into the Los Angeles, Dallas, and Detroit metropolitan areas. www.fdic.gov/news/press-releases/2022/pr22011.html

February 2, 2022 - The Economics of Internal Migration: Advances and Policy Questions - Ning Jia, Raven Molloy, Christopher Smith, and Abigail Wozniak - We review developments in research on within-country migration, focusing on internal migration in the U.S. www.federalreserve.gov/econres/feds/the-economics-of-internal-migration-advances-and-policy-questions.htm

February 2, 2022 - NCUA�s Harper, Hauptman, and Hood Commend Chairman McWilliams for Her Service to the FDIC - NCUA Chairman Todd M. Harper, Vice Chairman Kyle S. Hauptman, and Board Member Rodney E. Hood issued the following statements in advance of Jelena McWilliams stepping down as FDIC Chairman on February 4: www.ncua.gov/newsroom/press-release/2022/ncuas-harper-hauptman-and-hood-commend-chairman-mcwilliams-her-service-fdic

February 1, 2022 - Chicago Fed Launches Initiative on Economic Mobility - The Federal Reserve Bank of Chicago is launching the Economic Mobility Project to advance research on the economic prospects of Americans, with a particular focus on barriers faced by those with low incomes. www.chicagofed.org/publications/news/2022/chicago-fed-launches-economic-mobility-initiative

February 1, 2022 - OCC Releases CRA Evaluations for 16 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, 2022 through January 31, 2022. www.occ.gov/news-issuances/news-releases/2022/nr-occ-2022-8.html

February 1, 2022 - Kansas City Fed announces 2022 Community Development Advisory Council appointments - The council is composed of community, business and labor leaders from the Kansas City Fed�s seven-state region. www.kansascityfed.org/newsroom/2022-news-releases/kansas-city-fed-announces-2022-community-development-advisory-council-appointments/

February 1, 2022 - Joint Release/FDIC and FinCEN Open Registration for Digital Identity Tech Sprint - The Federal Deposit Insurance Corporation and the Financial Crimes Enforcement Network today opened the registration period for interested parties to participate in a Tech Sprint to help measure the effectiveness of digital identity proofing - the process used to collect, validate, and verify information about a person. www.fdic.gov/news/press-releases/2022/pr22009.html

February 1, 2022 - Global Insurance Regulatory or Supervisory Forums, February 2022.  www.federalreserve.gov/publications/files/global-insurance-forums-20220201.pdf