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.z

February 28, 2023 - The Need for a Ground-Level View of the Economy A speech presented by Austan D. Goolsbee, president and chief executive officer, Federal Reserve Bank of Chicago, on February 28, 2023, at Ivy Tech Community College, Elkhart County Campus, in Goshen, IN. www.chicagofed.org/publications/speeches/2023/february-28-ivy-tech-community-college

February 28, 2023 - The Automation of Jobs: Impacts on Workers and Inequality - The COVID-19 pandemic has significantly impacted the American labor force, accelerated automation, and exacerbated pre-existing economic inequities. https://www.chicagofed.org/events/2023/automation-of-jobs

February 28, 2023 - NCUA Prohibits Two Individuals from Participating in the Affairs of Any Federally Insured Depository Institution - The National Credit Union Administration issued two prohibition orders in February 2023. The individuals named below are permanently prohibited from participating in the affairs of any federally insured depository institution. www.ncua.gov/newsroom/press-release/2023/ncua-prohibits-two-individuals-participating-affairs-any-federally-insured-depository-institution-0  

February 28, 2023 - OCC Issues Second and Third Quarter 2023 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 2023. www.occ.gov/news-issuances/news-releases/2023/nr-occ-2023-20.html

February 28, 2023 - FDIC Issues CRA Examination Schedules for Second Quarter 2023 and Third Quarter 2023 - The Federal Deposit Insurance Corporation today issued the lists of institutions scheduled for a Community Reinvestment Act examination during the second quarter 2023 and third quarter 2023. www.fdic.gov/news/press-releases/2023/pr23014.html

February 28, 2023 - FDIC-Insured Institutions Reported Net Income of $68.4 Billion in Fourth Quarter 2022 - Key banking industry metrics remain favorable at this time. Loan growth continued, net interest income grew, and asset quality measures remained favorable. www.fdic.gov/news/press-releases/2023/pr23013.html

February 28, 2023 - Money Stock Measures - H.6.  www.federalreserve.gov/releases/h6/current/default.htm

February 28, 2023 - Minutes of the Board's discount rate meetings from January 23 and February 1, 2023.  www.federalreserve.gov/newsevents/pressreleases/monetary20230228a.htm

February 27, 2023 - Speech by Governor Jefferson on recent inflation and the dual mandate At the Ec10, Principles of Economics, Lecture, Faculty of Arts and Sciences, Harvard University, Cambridge, Massachusetts.  www.federalreserve.gov/newsevents/speech/jefferson20230227a.htm

February 24, 2023 - Tenth District Services Activity Improved in February - Regi onal services activity recovered in February after dropping somewhat in January.   www.kansascityfed.org/surveys/services-survey/tenth-district-services-activity-improved-in-february/

February 24 2023 - 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 2023. www.fdic.gov/news/press-releases/2023/pr23011.html

February 24, 2023 - The US, Economic News, and the Global Financial Cycle - Christoph E. Boehm and T. Niklas Kroner - We provide evidence for a causal link between the US economy and the global financial cycle. www.federalreserve.gov/econres/ifdp/the-us-economic-news-and-the-global-financial-cycle.htm

February 24, 2023 - Credit and Liquidity Programs and the Balance Sheet - Recent balance sheet trends, weekly chart update. www.federalreserve.gov/monetarypolicy/bst_recenttrends.htm

February 24, 2023 - Speech by Governor Jefferson on discussion of the paper "Managing Disinflations" - Governor Philip N. Jefferson At the U.S. Monetary Policy Forum, New York, New York.   www.federalreserve.gov/newsevents/speech/jefferson20230224a.htm

February 24, 2023 - Federal Reserve Board announces four new - members of its Community Advisory Council - The CAC is composed of a diverse group of experts and representatives of consumer, workforce, and community development organizations and interests. CAC members provide information, advice, and recommendations to the Board on relevant policy matters and emerging issues of interest. www.federalreserve.gov/newsevents/pressreleases/other20230224a.htm

February 24, 2023 - Agencies issue 2022 Shared National Credit Program review - The federal bank regulatory agencies today reported in the 2022 Shared National Credit report that credit quality associated with large syndicated bank loans improved in 2022, but noted the results do not fully reflect increasing interest rates and softening economic conditions that began to impact borrowers in the second half of 2022.
Press Release: www.federalreserve.gov/newsevents/pressreleases/bcreg20230224a.htm
Press Release: www.fdic.gov/news/press-releases/2023/pr23012.html
Press Release: www.occ.gov/news-issuances/news-releases/2023/nr-ia-2023-19.html

February 23, 2023 - Federal Reserve Board announces it has denied the request by Custodia Bank, Inc., for reconsideration of the Board's decision last month on its application to be supervised by the Federal Reserve www.federalreserve.gov/newsevents/pressreleases/orders20230223a.htm
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February 23, 2023 - Pushing the Limit: Last-Minute Debt Limit Resolutions Have Increased Market Volatility and Uncertainty - Since reaching the debt limit in January 2023, the U.S. Treasury has used extraordinary measures to fund the government. www.kansascityfed.org/research/economic-bulletin/pushing-the-limit-last-minute-debt-limit-resolutions-have-increased-market-volatility-and-uncertainty/

February 23, 2023 - Tenth District Manufacturing Activity Was Flat in February - Regional factory activity was flat in February. However, firms expected steady growth in their average number of employees to continue in 2023. www.kansascityfed.org/surveys/manufacturing-survey/tenth-district-manufacturing-activity-was-flat-in-february/

February 23, 2023 - Agencies issue joint statement on liquidity risks resulting from crypto-asset market vulnerabilities - Federal bank regulatory agencies today issued a joint statement highlighting liquidity risks to banking organizations associated with certain sources of funding from crypto-asset-related entities and some effective practices to manage those risks.
Press Release: www.federalreserve.gov/newsevents/pressreleases/bcreg20230223a.htm
Press Release: www.fdic.gov/news/press-releases/2023/pr23010.html
Press Release: www.occ.gov/news-issuances/news-releases/2023/nr-ia-2023-18.html

February 22, 2023 - Proposed Revisions to the Consolidated Reports of Condition and Income and the FFIEC 002 Report - On February 21, 2023, 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 proposed regulatory reporting changes in the Federal Register for public comment. www.fdic.gov/news/financial-institution-letters/2023/fil23007.html

February 22, 2023 - Large Institution Supervision Coordinating Committee Program Manual, February 2023 - The Large Institution Supervision Coordinating Committee Program Manual describes the structure, governance, supervisory process, and communication methods the Board of Governors use when supervising large, systemically important firms. www.federalreserve.gov/publications/large-institution-supervision-coordinating-committee-program-manual.htm

February 22, 2023 - Minutes of the Federal Open Market Committee, January 31�February 1, 2023.  www.federalreserve.gov/newsevents/pressreleases/monetary20230222a.htm

February 21, 20223- St. Louis Fed�s Louisville Branch Launches Student Board of Directors - The Federal Reserve Bank of St. Louis� Louisville Branch is seeking rising high school seniors to apply for its new Louisville Student Board of Directors that will begin meeting in the fall. www.stlouisfed.org/news-releases/2023/02/21/louisville-student-board-formed

February 21, 2023 - 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 21, 2023. 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/20230221closed.htm

February 21, 2023 - Statistical Release - Large Commercial Banks.  www.federalreserve.gov/releases/lbr/current/default.htm

February 21, 2023 - Statistical Release - Charge-Off and Delinquency Rates on Loans and Leases at Commercial Banks.  www.federalreserve.gov/releases/chargeoff/

February 17, 2023 - NCUA�s Harper Discusses DEI, Allyship; Selected to AACUC Hall of Fame - NCUA Chairman Todd M. Harper today participated in a panel discussion on diversity, equity, and inclusion within the credit union movement. www.ncua.gov/newsroom/press-release/2023/ncuas-harper-discusses-dei-allyship-selected-aacuc-hall-fame

February 17, 2023 - OCC Releases CRA Evaluations for 36 National Banks and Federal Savings Associations - The Office of the Comptroller of the Currency today released a list of additional Community Reinvestment Act performance evaluations that became public during the period of September 1, 2022, through November 30, 2022. www.occ.gov/news-issuances/news-releases/2023/nr-occ-2023-17.html

February 17, 2023 - Statistical Release - Finance Companies - G.20.  www.federalreserve.gov/releases/g20/20230217/

February 17, 2023 - Credit and Liquidity Programs and the Balance Sheet - Recent balance sheet trends, weekly chart update.  www.federalreserve.gov/monetarypolicy/bst_recenttrends.htm

February 16, 2023 - NCUA Board Approves Final Rule on Cyber Incident Reporting Requirements - The NCUA Board unanimously approved a final rule that requires a federally insured credit union to notify the NCUA as soon as possible, within 72 hours, after it reasonably believes that a reportable cyber incident has occurred. www.ncua.gov/newsroom/press-release/2023/ncua-board-approves-final-rule-cyber-incident-reporting-requirements
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February 16, 2023 - 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/2023/nr-occ-2023-16.html

February 16, 2023 - St. Louis Fed�s Bullard Presents �Disinflation: Progress and Prospects� Federal Reserve Bank of St. Louis President James Bullard presented �Disinflation: Progress and Prospects on Thursday to the Greater Jackson Chamber. www.stlouisfed.org/news-releases/2023/02/16/bullard-presents-disinflation-progress-and-prospects

February 16, 2023 - Bank Relationships and the Geography of PPP Lending - David Glancy - I study how bank relationships affected the timing and geographic distribution of Paycheck Protection Program lending. lending. www.federalreserve.gov/econres/feds/bank-relationships-and-the-geography-of-ppp-lending.htm

February 16, 2023 - Federal Reserve Board issues enforcement action with Riverbend Financial Corporation. www.federalreserve.gov/newsevents/pressreleases/enforcement20230216a.htm

February 15, 2023 - Gasoline Prices Unlikely to Bring Down Inflation in 2023 - The latest Economic Bulletin from the Kansas City Fed explores how gasoline prices can directly and indirectly influence inflation. www.kansascityfed.org/research/economic-bulletin/gasoline-prices-unlikely-to-bring-down-inflation-in-2023/

February 15, 2023 - FDIC Demands Four Entities Cease Making False or Misleading Representations about Deposit Insurance - he Federal Deposit Insurance Corporation today issued letters demanding two entities, CEX.IO Corp. and Zera Financial ease and desist from making false and misleading statements about FDIC deposit insurance and take immediate corrective action to address these false or misleading statements. www.fdic.gov/news/press-releases/2023/pr23009.html

February 15, 2023 - Speech by Governor Michelle W. Bowman - Welcoming Remarks At the Midwest Cyber Workshop, organized by the Federal Reserve Banks of Chicago, Kansas City, and St. Louis.  www.federalreserve.gov/newsevents/speech/bowman20230215a.htm

February 15, 2023 - Statistical Release - Industrial Production and Capacity Utilization - G.17 - Industrial production was unchanged in January after falling 0.6 percent and 1.0 percent in November and December, respectively. www.federalreserve.gov/releases/g17/current/default.htm

February 14, 2023 - Willis Joins St. Louis Fed�s Health Care Industry Council - Casey Willis, COO of National Park Medical Center in Hot Springs, Ark., has been named to the Health Care Industry Council of the Federal Reserve Bank of St. Louis. www.stlouisfed.org/news-releases/2023/02/14/willis-joins-st-louis-fed-hc-industry-council

February 14, 2023 - Wells Joins St. Louis Fed�s Health Care Industry Council - Troy Wells, president and CEO of Baptist Health in Little Rock, Ark., has been named to the Health Care Industry Council of the Federal Reserve Bank of St. Louis. www.stlouisfed.org/news-releases/2023/02/14/wells-joins-st-louis-fed-hc-industry-council

February 14, 2023 - A closed meeting of the Board of Governors of the Federal Reserve System was held at 10:00 a.m. on February 14, 2023. Matter(s) considered: Periodic Supervisory Update. www.federalreserve.gov/aboutthefed/boardmeetings/20230214closed.htm

February 14, 2023 - Self-Fulfilling Debt Crises with Long Stagnations - Joao Ayres, Gaston Navarro, Juan Pablo Nicolini, and Pedro Teles - We assess the quantitative relevance of expectations-driven sovereign debt crises, focusing on the Southern European crisis of the early 2010�s and the Argentine default of 2001. www.federalreserve.gov/econres/ifdp/self-fulfilling-debt-crises-with-long-stagnations.htm

February 14, 2023 - The Inflationary Effects of Sectoral Reallocation - Francesco Ferrante, Sebastian Graves and Matteo Iacoviello - The COVID-19 pandemic has led to an unprecedented shift of consumption from services to goods. www.federalreserve.gov/econres/ifdp/the-inflationary-effects-of-sectoral-reallocation.htm

February 13, 2023 - Smith Joins St. Louis Fed�s Agribusiness Industry Council - Ashley C. Smith, co-founder and CEO of Black Soil KY in Lexington, Ky., has been named to the Agribusiness Industry Council of the Federal Reserve Bank of St. Louis. www.stlouisfed.org/news-releases/2023/02/smith

February 13, 2023 - FRB/US dataset and variable listing - The main FRB/US model EViews package contains model equations, programs and documentation that enables various types of simulations and provides information about the model's structure using the EViews software. www.federalreserve.gov/econres/us-models-package.htm 

February 13, 2023 - NCUA�s Funds Receive Clean Audit Opinions - The National Credit Union Administration�s four funds again earned unmodified, or �clean,� audit opinions for 2022, according to audited financial statements released today by the agency�s Office of the Inspector General. www.ncua.gov/newsroom/press-release/2023/ncuas-funds-receive-clean-audit-opinions

February 13, 2023 - Household, Bank, and Insurer Exposure to Miami Hurricanes: a flow-of-risk analysis - Benjamin N. Dennis - We analyze possible future financial losses in the event of hurricane damage to Miami residential real estate, where the hurricane's destructiveness reflects climate-change. www.federalreserve.gov/econres/feds/household-bank-and-insurer-exposure-to-miami-hurricanes-a-flow-of-risk-analysis.htm

February 13, 2023 - Regulatory Reform - Communications with the Public through February 13, 2023. www.federalreserve.gov/reform.htm

February 13, 2023 - Report and Disclosures on Funding, Credit, Liquidity, and Loan Facilities - The Federal Reserve filed these reports with Congress pursuant to section 13(3) of the Federal Reserve Act concerning the lending facilities established by the Board. www.federalreserve.gov/publications/reports-to-congress-in-response-to-covid-19.htm

February 13, 2023 - Speech by Governor Michelle W. Bowman - Independence, Predictability, and Tailoring in Banking Regulation and Supervision At the American Bankers Association Community Banking Conference, Orlando, Florida www.federalreserve.gov/newsevents/speech/bowman20230213a.htm
 
February 10, 2023 - OCC Chief Counsel Discusses Bank Mergers - Senior Deputy Comptroller and Chief Counsel Ben W. McDonough today discussed the need to evaluate the framework for evaluating bank mergers in remarks delivered on behalf of Acting Comptroller Michael J. Hsu at the Office of the Comptroller of the Currency�s Bank Merger Symposium. www.occ.gov/news-issuances/news-releases/2023/nr-occ-2023-15.html

February 10, 2023 - Legal Interpretations - Bank Holding Company Act, December 23, 2022.  www.federalreserve.gov/supervisionreg/legalinterpretations/bhc_changeincontrol2022.htm

February 10, 2023 - Speech by Governor Christopher J. Waller - Thoughts on the Crypto Ecosystem At the Global Interdependence Center Conference: Digital Money, Decentralized Finance, and the Puzzle of Crypto, La Jolla, California www.federalreserve.gov/newsevents/speech/waller20230210a.htm

February 10, 2023 - Credit and Liquidity Programs and the Balance Sheet - Recent balance sheet trends, weekly chart update. www.federalreserve.gov/monetarypolicy/bst_recenttrends.htm

February 9, 2023 - OCC Releases Dodd-Frank Act Stress Test Scenarios for 2023 - 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/2023/nr-occ-2023-14.html

February 9, 2023 - St. Louis Fed Appoints Members to Community Banking Advisory Council - The Federal Reserve Bank of St. Louis has appointed six 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 their institutions and local communities. www.stlouisfed.org/news-releases/2023/02/09/st-louis-fed-appoints-members-to-community-banking-advisory-council

February 9, 2023 - Early Joiners and Startup Performance - Joonkyu Choi, Nathan Goldschlag, John Haltiwanger, J. Daniel Kim - We show that early joiners�non-founder employees in the first year of a startup�play a critical role in explaining firm performance. www.federalreserve.gov/econres/feds/early-joiners-and-startup-performance.htm

February 9, 2023 - Federal Reserve Board releases hypothetical scenarios for its 2023 bank stress tests - The Federal Reserve Board on Thursday released the hypothetical scenarios for its annual stress test, which helps ensure that large banks are able to lend to households and businesses even in a severe recession. www.federalreserve.gov/newsevents/pressreleases/bcreg20230209a.htm
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February 9, 2023 - The KCFSI suggests financial stress edged down in December - The KCFSI suggests financial stress decreased in January. www.kansascityfed.org/data-and-trends/kansas-city-financial-stress-index/current-release/

February 9, 2023 - FOMC Communication Spillovers: Is There a �Call-Out� Effect? - Foreign asset prices may react to FOMC communication that references specific countries, but the effects are minimal. www.kansascityfed.org/research/economic-review/fomc-communication-spillovers-is-there-a-call-out-effect/

February 9, 2023 - St. Louis Fed Appoints Members to Community Banking Advisory Council - The Federal Reserve Bank of St. Louis has appointed six 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 their institutions and local communities. www.stlouisfed.org/news-releases/2023/02/09/st-louis-fed-appoints-members-to-community-banking-advisory-council

February 9, 2023 - Early Joiners and Startup Performance - Joonkyu Choi, Nathan Goldschlag, John Haltiwanger, J. Daniel Kim - We show that early joiners�non-founder employees in the first year of a startup�play a critical role in explaining firm performance. www.federalreserve.gov/econres/feds/early-joiners-and-startup-performance.htm

February 9, 2023 - NCUA Charters For Members Only Federal Credit Union - he members of Alpha Kappa Alpha Sorority, Inc., will now have a credit union following the National Credit Union Administration�s granting of a federal charter and Share Insurance Fund coverage to For Members Only Federal Credit Union in Chicago, Illinois. www.ncua.gov/newsroom/press-release/2023/ncua-charters-members-only-federal-credit-union

February 9, 2023 - NCUA - Cory Phariss Named New AMAC President - Today, the National Credit Union Administration named Cory Phariss as the new President of the Asset Management and Assistance Center, effective February 12. www.ncua.gov/newsroom/press-release/2023/cory-phariss-named-new-amac-president

February 8, 2023 - Kristen Baldwin Named OCC Chief Information Officer - As CIO, Ms. Baldwin will lead all OCC information technology programs, supporting the agency's mission of ensuring that national banks and federal savings associations operate in a safe, sound, and fair manner. www.occ.gov/news-issuances/news-releases/2023/nr-occ-2023-13.html

February 8, 2023 - Speech by Governor Christopher J. Waller - The Inflation Rate for Necessities: A Look at Food, Energy and Shelter Inflation - At the 2023 Arkansas State University Agribusiness Conference, Jonesboro, Arkansas.  www.federalreserve.gov/newsevents/speech/waller20230208a.htm

February 7, 2023 - Speech by Vice Chair for Supervision Michael S. Barr Remarks at the �Banking on Financial Inclusion� Conference At the Hope Economic Mobility Forum at Jackson State University, Jackson, Mississippi.   www.federalreserve.gov/newsevents/speech/barr20230207a.htm

February 7, 2023 - Statistical Release - Consumer Credit - G.19 - In 2022, consumer credit increased 7.8 percent, with revolving and nonrevolving credit increasing 14.8 percent and 5.6 percent, respectively. www.federalreserve.gov/releases/g19/current/default.htm

February 7, 2023 - Labor Market Conditions Indicators - The KC Fed LMCI suggests the level of activity declined slightly while momentum. https://www.kansascityfed.org/

February 6, 2023 - Sinanovic Joins St. Louis Fed�s Transportation Industry Council - Nihad �Nick� Sinanovic has been named to the Transportation Industry Council of the Federal Reserve Bank of St. Louis. Sinanovic is the president of Vega Transport in St. Louis. www.stlouisfed.org/news-releases/2023/02/06/sinanovic-joins-st-louis-fed-transportation--council

February 6, 2023 - Measurement and Effects of Supply Chain Bottlenecks Using Natural Language Processing - When firms experience shortages, shipping delays, or shutdowns, as occurred during the COVID-19 pandemic, they may be unable to produce, transport, and sell their products. https://www.federalreserve.gov/econres/notes/feds-notes/measurement-and-effects-of-supply-chain-bottlenecks-using-natural-language-processing-20230206.html

February 6, 2023 - Senior Loan Officer Opinion Survey on Bank Lending Practices, January 2023 - 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 6, 2023 - Statistical Release - Currency Weights - Weights for the Advanced Foreign Economies and the Emerging Market Economies indexes can be derived from the weights, shown below, for the broad index of the foreign exchange value of the dollar. www.federalreserve.gov/releases/h10/weights/default.htm

February 3, 2023 - Women in Economics Symposium Set for Feb. 23 - Registration is open for the 2023 St. Louis Fed�s Women in Economics Symposium on Feb. 23 focused on the role of mentoring as well as tips on job hunting and finding and managing rewarding careers in economics. www.stlouisfed.org/news-releases/2023/02/03/women-economics-conference-registration-open

February 3, 2023 - FDIC Supervisory Approach Regarding Changes to HMDA's Closed-End Mortgage Loan Volume Reporting Threshold - The Federal Deposit Insurance Corporation is issuing this Financial Institution Letter to inform supervised institutions of recent changes regarding the Home Mortgage Disclosure Act reporting threshold for closed-end mortgage loans and the FDIC�s supervisory approach for enforcing related requirements. www.fdic.gov/news/financial-institution-letters/2023/fil23006.html

February 3, 2023 - FDIC Issues List of Banks Examined for CRA Compliance - The list covers evaluation ratings that the FDIC assigned to institutions in November 2022. www.fdic.gov/news/press-releases/2023/pr23008.html

February 3, 2023 - Balance Sheet Policies in an Evolving Economy: Some Modelling Advances and Illustrative Simulations - Hess Chung, Etienne Gagnon, James Hebden, Kyungmin Kim, Bernd Schlusche, Eric Till, James Trevino, and Diego Vil�n - Once considered "unconventional," balance sheet policies have become an integral part of the toolkit of many central banks. www.federalreserve.gov/econres/notes/feds-notes/balance-sheet-policies-in-an-evolving-economy-some-modelling-advances-and-illustrative-simulations-20230203.html

February 3, 2023 - FOIA - Chair Powell's calendar, December 2022 - www.federalreserve.gov/foia/chairman-powell-calendar.htm

February 3, 2023 - Credit and Liquidity Programs and the Balance Sheet - Recent balance sheet trends, weekly chart update. www.federalreserve.gov/monetarypolicy/bst_recenttrends.htm

February 3, 2023 - Using U.S. Business Registry Data to Corroborate Corporate Identity: Case Study of the Legal Entity Identifier - William Treacy and Scott Okrent - This paper offers a fresh perspective on fundamental issues in using official incorporation records to corroborate the identity of corporate entities by comparing two publicly-available sets of information, namely, business registry incorporation records and reference data from the Legal Entity Identifier system, with some focus on the monitoring function performed by LEI issuers as agents for LEI data users. www.federalreserve.gov/econres/feds/using-us-business-registry-data-to-corroborate-corporate-identity.htm

February 3, 2023 - IT Shields: Technology Adoption and Economic Resilience during the COVID-19 Pandemic - Myrto Oikonomou, Nicola Pierri, Yannick Timmer - We study the labor market effects of information technology during the onset of the COVID-19 pandemic, using data on IT adoption covering almost three million establishments in the US. www.federalreserve.gov/econres/feds/it-shields-technology-adoption-and-economic-resilience-during-the-covid19-pandemic.htm

February 3, 2023 - Does Private Equity Over-Lever Portfolio Companies? - Sharjil Haque - Detractors have warned that Private Equity funds tend to over-lever their portfolio companies because of an option-like payoff, building up default risk and debt overhang. www.federalreserve.gov/econres/feds/does-private-equity-over-lever-portfolio-companies.htm

February 3, 2023 - Federal Advisory Council, Record of Meeting - December 1, 2022 - 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 2, 2023 - OCC Releases CRA Evaluations for 31 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 December 1, 2022, through January 31, 2023. www.occ.gov/news-issuances/news-releases/2023/nr-occ-2023-12.html

February 2, 2023 - Changes to Home Mortgage Disclosure Act Loan Volume Reporting Threshold for Closed-end Mortgage Loans - This letter addresses the impact on financial institutions supervised by the Federal Reserve of recent changes as a result of litigation related to the HMDA reporting threshold for closed-end mortgage loans. www.federalreserve.gov/supervisionreg/caletters/caltr2301.htm 
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February 2, 2023 - Federal Reserve BoardThe Federal Reserve Board on Thursday announced that Joshua Gallin has been appointed secretary of the Federal Open Market Committee, succeeding James Clouse, effective immediately. www.federalreserve.gov/newsevents/pressreleases/other20230202a.htm

February 1, 2023 - Home Mortgage Disclosure Act: Loan Origination Threshold Changes - The Office of the Comptroller of the Currency is issuing this bulletin to inform banks1 and OCC examining personnel that the loan origination threshold for reporting Home Mortgage Disclosure Act data on closed-end mortgage loans has changed. www.occ.gov/news-issuances/bulletins/2023/bulletin-2023-5.html

February 1, 2023 -Black History Month tools and resources from the Kansas City Fed - Review a collection of research and publications developed by the Kansas City Fed to help commemorate Black History.  www.kansascityfed.org/ten/2023-fall-ten-magazine/black-history-month-tools-and-resources-from-the-kansas-city-fed/

February 1, 2023 - Statistical Release - Foreign Exchange Rates - G.5 - The table below shows the average rates of exchange in JANUARY 2023 together with comparable figures for other months. www.federalreserve.gov/releases/G5/CURRENT/default.htm

February 1, 2023 - Federal Open Market Committee reaffirms its "Statement on Longer-Run Goals and Monetary Policy Strategy" - The reaffirmed statement is identical to the version initially adopted in August 2020. www.federalreserve.gov/newsevents/pressreleases/monetary20230201b.htm

February 1, 2023 - Federal Open Market Committee reaffirms its "Statement on Longer-Run Goals and Monetary Policy Strategy" - The Federal Open Market Committee, at its annual organization meeting this week, unanimously reaffirmed its "Statement on Longer-Run Goals and Monetary Policy Strategy," often known as the consensus statement, and which articulates its approach to monetary policy. www.federalreserve.gov/newsevents/pressreleases/monetary20230201b.htm

February 1, 2023 - Federal Reserve issues FOMC statement - Recent indicators point to modest growth in spending and production. Job gains have been robust in recent months, and the unemployment rate has remained low. Inflation has eased somewhat but remains elevated. www.federalreserve.gov/newsevents/pressreleases/monetary20230201a.htm