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 29, 2024 - Markus' Academy: Princeton University Bendheim Center for Finance - Austan D. Goolsbee, president and chief executive officer of the Federal Reserve Bank of Chicago, participated in a moderated Q&A with Princeton University’s Markus Brunnermeier of the Bendheim Center for Finance on February 29, 2024. www.chicagofed.org/publications/speeches/2024/feb-29-markus-academy

February 29, 2024 - Agencies Host 2024 National Interagency Community Reinvestment Conference - The federal bank regulatory agencies and the Federal Reserve Banks of San Francisco and Chicago will host the 2024 National Interagency Community Reinvestment Conference in Portland, Oregon, March 4 to 7.  https://www.federalreserve.gov/newsevents/pressreleases/other20240229a.htm
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February 29, 2024 - OCC Issues Second and Third Quarter 2024 CRA Evaluation Schedule - The OCC encourages public comment on the CRA-related activities of the national banks and federal savings associations scheduled to be evaluated under the CRA. www.occ.gov/news-issuances/news-releases/2024/nr-occ-2024-20.html

February 29, 2024 - Tenth District Manufacturing Activity Declined Slightly in February - Regional factory activity fell slightly in February, and expectations for future activity were not as high as last month. www.kansascityfed.org/surveys/manufacturing-survey/tenth-district-manufacturing-activity-declined-slightly-in-february/
 
February 29, 2024 - FDIC Issues CRA Examination Schedules for Second Quarter 2024 and Third Quarter 2024.  www.fdic.gov/news/press-releases/2024/pr24011.html

February 29, 2024 - Federal Reserve Board announces termination of enforcement action with Soci�t� G�n�rale S.A. and Soci�t� G�n�rale New York Branch.   www.federalreserve.gov/newsevents/pressreleases/enforcement20240229a.htm

February 28, 2024 - Monetary Policy Shocks: Data or Methods?- Different series of high-frequency monetary shocks can have a correlation coefficient as low as 0.5 and the same sign in only two-thirds of observations. www.federalreserve.gov/econres/feds/monetary-policy-shocks-data-or-methods.htm 

February 28, 2024 - Recovery of 1933 - When Roosevelt abandoned the gold standard in April 1933, he converted government debt from a tax-backed claim to gold to a claim to dollars, opening the door to unbacked fiscal expansion. www.federalreserve.gov/econres/feds/recovery-of-1933.htm

February 27, 2024 - Speech by Vice Chair for Supervision Michael S. Barr At Basel Committee on Banking Supervision-Federal Reserve Counterparty Credit Risk Conference, New York, New York. https://www.federalreserve.gov/newsevents/speech/barr20240227a.htm 

February 27, 2024 - At Basel Committee on Banking Supervision-Federal Reserve Counterparty Credit Risk Conference, New York, New York. https://resources.newyorkfed.org/newsevents/events/banking/2024/0227-2024

February 26, 2024 - Freedom of Information Act: Notice of Proposed Rulemaking to Amend Freedom of Information Act Regulations - On February 22, 2024, the Office of the Comptroller of the Currency published a notice of proposed rulemaking that would amend its Freedom of Information Act regulations codified at 12 CFR 4 to include procedures on expedited processing of FOIA requests, provide for appeals of denials of expedited processing and denials of fee waiver requests, remove the �competitive harm� standard for information provided to the government on an involuntary basis, and make a conforming amendment pertaining to FOIA fee waivers. www.occ.treas.gov/news-issuances/bulletins/2024/bulletin-2024-7.html

February 26, 2024 - Fourth Quarter 2023 Banking Conditions - Earnings and liquidity risks at the forefront; capital and credit conditions remain sound. www.kansascityfed.org/banking/district-banking-conditions/fourth-quarter-2023-banking-conditions/

February 26, 2024 - Regulatory Relief: Guidance to Help Financial Institutions and Facilitate Recovery in Areas of Washington Affected by Wildfires. www.fdic.gov/news/financial-institution-letters/2024/fil24008.html

February 23, 2024 - Ted Dowd Named Acting Senior Deputy Comptroller and Chief Counsel - Mr. Dowd will serve in this position while the agency initiates a search for a successor to Ben McDonough, who will be taking a position at another agency. www.occ.gov/news-issuances/news-releases/2024/nr-occ-2024-19.html

February 23, 2024 - Regulatory Relief: Guidance to Help Financial Institutions and Facilitate Recovery in Areas of California Affected by Severe Storm and Flooding www.fdic.gov/news/financial-institution-letters/2024/fil24007.html

February 23, 2024 - 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 2024. www.fdic.gov/news/press-releases/2024/pr24010.html

February 23, 2024 - Private Credit: Characteristics and Risks - What is Private Credit? - Private credit or private debt investments are debt-like, non-publicly traded instruments provided by non-bank entities, such as private credit funds or business development companies, to fund private businesses. www.federalreserve.gov/econres/notes/feds-notes/private-credit-characteristics-and-risks-20240223.html

February 23, 2024 - Supply vs Demand Factors Influencing Prices of Manufactured Goods - The strong surge and rapid retreat of U.S. goods price inflation during 2021-2023 has occupied the forefront of economic policy discussions, and debate on the primary causes continues. www.federalreserve.gov/econres/notes/feds-notes/supply-vs-demand-factors-influencing-prices-of-manufactured-goods-20240223.html

February 23, 2024 - Credit and Liquidity Programs and the Balance Sheet - Recent balance sheet trends, weekly chart update. www.federalreserve.gov/monetarypolicy/bst_recenttrends.htm

February 23, 2024 - Statistical Release - Charge-Off and Delinquency Rates on Loans and Leases at Commercial Banks. www.federalreserve.gov/releases/chargeoff/

February 23, 2024 - Federal Reserve Board announces its approval of proposal by Atlantic Union Bankshares Corporation. www.federalreserve.gov/newsevents/pressreleases/orders20240223a.htm

February 22, 2024 - Santos Joins St. Louis Fed�s Agribusiness Industry Council - Adriano Santos, vice president, global licensing and business development for Bayer in St. Louis, has been named to the Agribusiness Industry Council of the Federal Reserve Bank of St. Louis. www.stlouisfed.org/news-releases/2024/02/22/santos-joins-agribusiness-industry-council

Speech by Governor Cook on sources of uncertainty in the short run and the long run Governor Lisa D. Cook At "Macrofinance in the Long Run: New Insights on the Global Economy" 2024 Annual Conference of the Julis-Rabinowitz Center for Public Policy & Finance at Princeton's School of Public and International Affairs, Princeton, New Jersey. www.federalreserve.gov/newsevents/speech/cook20240222a.htm

February 22, 2024 - Speech by Vice Chair Jefferson on the U.S. economic outlook and monetary policy At the Peterson Institute for International Economics, Washington, D.C. www.federalreserve.gov/newsevents/speech/jefferson20240222a.htm
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February 22, 2024 - Acting Comptroller Discusses Consolidated Supervision of Crypto-Asset Intermediaries - Acting Comptroller of the Currency Michael J. Hsu today offered remarks to the Financial Stability Board�s Crypto Working Group. www.occ.gov/news-issuances/news-releases/2024/nr-occ-2024-18.html

February 22, 2024 - Santos Joins St. Louis Fed�s Agribusiness Industry Council - Adriano Santos, vice president, global licensing and business development for Bayer in St. Louis, has been named to the Agribusiness Industry Council of the Federal Reserve Bank of St. Louis. www.stlouisfed.org/news-releases/2024/02/22/santos-joins-agribusiness-industry-council

February 22, 2024 - Speech by Vice Chair Jefferson on the U.S. economic outlook and monetary policy At the Peterson Institute for International Economics, Washington, D.C. www.federalreserve.gov/newsevents/speech/jefferson20240222a.htm

February 21, 2024 - Acting Comptroller Discusses Banking and Commerce - Acting Comptroller of the Currency Michael J. Hsu today discussed banking and commerce, regulatory effectiveness, and financial stability in remarks at Vanderbilt University in Nashville, Tenn. www.occ.gov/news-issuances/news-releases/2024/nr-occ-2024-17.html 

February 21, 2024 - Minutes of the Federal Open Market Committee, January 30�31, 2024.  www.federalreserve.gov/newsevents/pressreleases/monetary20240221a.htm

February 20, 2024 - Racial Wealth Gains and Gaps: Nine Facts About the Disparities By Kristen Broady , Anthony Barr , Darlene Booth-Bell , Lucas Cain - Every three years, the Federal Reserve System conducts the Survey of Consumer Finances �one of the most detailed examinations of household wealth in the U.S. www.chicagofed.org/publications/working-papers/2024/2024-03

February 16, 2024 - Supercore Inflation Jumped in January, Suggesting Continuing Inflation Pressures - Inflation from core services excluding housing�or �supercore� inflation�increased in January, contributing 0.24 percentage points to core Consumer Price Index inflation, up from 0.11 percentage points in December. www.kansascityfed.org/research/charting-the-economy/supercore-inflation-jumped-in-january-suggesting-continuing-inflation-pressures/ 

February 16, 2024 - Price Stability Built to Last - Mary C. Daly�s Keynote at the 40th Annual NABE Economic Policy.  www.frbsf.org/news-and-media/events/2024/02/mary-c-daly-keynote-nabe-economy-policy-conference-2024/

February 16, 2024 - Implications of a U.S. CBDC for International Payments and the Role of the Dollar - Technological advances in recent decades have brought about a wave of private-sector innovation in payments and have led central banks to explore a variety of improvements to their payment systems, including the possibility of issuing a central bank digital currency. www.federalreserve.gov/econres/notes/feds-notes/implications-of-a-u-s-cbdc-for-international-payments-and-the-role-of-the-dollar-20240216.html

February 16, 2024 - Credit and Liquidity Programs and the Balance Sheet - Recent balance sheet trends, weekly chart update.  www.federalreserve.gov/monetarypolicy/bst_recenttrends.htm

February 16, 2024 - Speech by Vice Chair for Supervision Barr on bank supervision At the Annual Columbia Law School Banking Conference, New York, New York.   www.federalreserve.gov/newsevents/speech/barr20240216a.htm

February 16, 2024 - Agencies issue 2023 Shared National Credit Program report - Federal bank regulatory agencies today reported in the 2023 Shared National Credit (SNC) report that credit quality associated with large, syndicated bank loans remains moderate.
Press Release: www.federalreserve.gov/newsevents/pressreleases/bcreg20240216a.htm
Press Release: www.fdic.gov/news/press-releases/2024/pr24009.html
Press Release: www.occ.gov/news-issuances/news-releases/2024/nr-ia-2024-16.html

February 15, 2024 - Commercial Real Estate Activity in the Tenth District Declined Further - The KC Fed CRE Index - 2024 First Quarter Release.  www.kansascityfed.org/data-and-trends/kansas-city-cre-index/kc-fed-cre-index-2024-first-quarter-release/

February 15, 2024 - NCUA Board Approves Updates to MDI Preservation Program - The NCUA Board unanimously approved a final interpretive ruling and policy statement that reflects the transfer of the MDI preservation program administration from the agency�s Office of Minority and Women Inclusion to its Office of Credit Union Resources and Expansion, updates the program�s features, and clarifies the requirements for a credit union to receive and maintain an MDI designation, among other changes. https://ncua.gov/newsroom/press-release/2024/ncua-board-approves-updates-mdi-preservation-program

February 15, 2024 - Real Estate Appraisals and Evaluations: FFIEC Statement on Examination Principles Related to Valuation Discrimination and Bias in Residential Lending.   www.occ.treas.gov/news-issuances/bulletins/2024/bulletin-2024-6.html
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February 15, 2024 - OCC Announces Enforcement Actions for February 2024 - The Office of the Comptroller of the Currency today released enforcement actions taken against national banks and federal savings associations, and individuals currently and formerly affiliated with banks the OCC supervises. www.occ.gov/news-issuances/news-releases/2024/nr-occ-2024-15.html

February 15, 2024 - OCC Releases Dodd-Frank Act Stress Test Scenarios for 2024 - The supervisory scenarios include baseline and severely adverse scenarios, as described in the OCC�s rule that implements the stress testingrequirements of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010. www.occ.gov/news-issuances/news-releases/2024/nr-occ-2024-14.html

February 15, 2024 - Statistical Release - Industrial Production and Capacity Utilization - G.17 - Industrial production edged down 0.1 percent in January after recording no change in December. www.federalreserve.gov/releases/g17/current/default.htm

February 15, 2024 - Speech by Governor Michelle W. Bowman - Advancing Cross-Border Payments and Financial Inclusion At the 19th BCBS-FSI High-Level Meeting for Africa, Cape Town, South Africa.   www.federalreserve.gov/newsevents/speech/bowman20240215a.htm

February 15, 2024 - Speech by Governor Waller on the dollar�s international role At "Climate, Currency, and Central Banking," a conference sponsored by the Global Interdependence Center and the University of the Bahamas, Nassau, Bahamas.  www.federalreserve.gov/newsevents/speech/waller20240215a.htm

February 15, 2024 - Federal Reserve Board releases the hypothetical scenarios for its annual stress test - The Federal Reserve Board on Thursday released the hypothetical scenarios for its annual stress test, which helps ensure that large banks can lend to households and businesses even in a severe recession. www.federalreserve.gov/newsevents/pressreleases/bcreg20240215a.htm

February 14, 2024 - Council on Foreign Relations: C. Peter McColough Series on International Economics - Austan D. Goolsbee, president and chief executive officer of the Federal Reserve Bank of Chicago, participated in a moderated Q&A at the Council on Foreign Relations on February 14, 2024. www.chicagofed.org/publications/speeches/2024/feb-14-council-on-foreign-relations

February 14, 2024 - OCC Opens Registration for Community Bank Director and Senior Management Workshops - The Office of the Comptroller of the Currency today opened registration for its 2024 schedule of in-person workshops for board directors and senior management of national community banks and federal savings associations. www.occ.gov/news-issuances/news-releases/2024/nr-occ-2024-13.html

February 14, 2024 - OCC Hosts Mutual Savings Association Advisory Committee Meeting March 5 - The purpose of the meeting is for the MSAAC to advise the OCC on regulatory or other changes the OCC may make to ensure the health and viability of mutual savings associations. www.occ.gov/news-issuances/news-releases/2024/nr-occ-2024-12.html

February 14, 2024 - St. Louis Fed Accepting Applications for 2024-25 Student Board of Directors - The student board of directors program offers high school seniors in the St. Louis area, including the Metro East, a dynamic way to learn about the nation's central bank. www.stlouisfed.org/news-releases/2024/03/14/sbod-accepting-applications

February 14, 2024 - The Federal Reserve�s responses to the post-Covid period of high inflation - In the face of the COVID-19 pandemic in March 2020, the Federal Reserve committed to using its full range of tools to support the U.S. economy. www.federalreserve.gov/econres/notes/feds-notes/the-federal-reserves-responses-to-the-post-covid-period-of-high-inflation-20240214.html

February 14, 2024 - Speech by Vice Chair for Supervision Barr on the intersection of monetary policy, market functioning, and liquidity risk management At the 40th Annual National Association for Business Economics Economic Policy Conference, Washington, D.C. www.federalreserve.gov/newsevents/speech/barr20240214a.htm

February 13, 2024 - NCUA�s Funds Receive Clean Audit Opinions - The National Credit Union Administration�s four funds again earned unmodified, or �clean,� audit opinions for 2023, according to audited financial statements released today by the agency�s Office of Inspector General. https://ncua.gov/newsroom/press-release/2024/ncuas-funds-receive-clean-audit-opinions

February 13, 2024 - Acting Comptroller Discusses Appraisal Bias - Acting Comptroller of the Currency Michael J. Hsu today discussed the importance of eliminating appraisal bias in the financial industry in remarks at an Appraisal Subcommittee Hearing. www.occ.gov/news-issuances/news-releases/2024/nr-occ-2024-11.html

February 13, 2024 - Regulatory Relief: Guidance to Help Financial Institutions and Facilitate Recovery in Areas of Michigan Affected by Severe Storms, Tornadoes, and Flooding.   www.fdic.gov/news/financial-institution-letters/2024/fil24006.html

February 13, 2024 - Essay by Governor Bowman on accountability for banks, accountability for regulators Starling Insights, February 13, 2024 Essay Governor Michelle W. Bowman.   www.federalreserve.gov/newsevents/bowman-starling-insights-20240213.htm

February 13, 2024 - Land development and frictions to housing supply over the business cycle - Using a novel data set of U.S. residential land developments, we document that the average time to develop residential properties - which includes both the time spent preparing land infrastructures and construction�is about three years, consistent with sizable lags in housing investment projects. www.federalreserve.gov/econres/feds/land-development-and-frictions-to-housing-supply-over-the-business-cycle.htm

February 13, 2024 - Report to Congress Pursuant to Section 13(3) of the Federal Reserve Act: Bank Term Funding Program - www.federalreserve.gov/publications/reports-to-congress-pursuant-to-section-13-3-btfp.htm

February 13, 2024 - Report and Disclosures on Funding, Credit, Liquidity, and Loan Facilities - Report and Disclosures on Funding, Credit, Liquidity, and Loan Facilities.   www.federalreserve.gov/publications/reports-to-congress-in-response-to-covid-19.htm

February 13, 2024 - Federal Reserve Board issues enforcement action with Select Bank. www.federalreserve.gov/newsevents/pressreleases/enforcement20240213a.htm

February 12, 2024 - FFIEC Issues Statement on Examination Principles Related to Valuation Discrimination and Bias in Residential Lending - The Federal Financial Institutions Examination Council today issued a statement of principles related to valuation discrimination and bias for member entities to consider in their consumer compliance and safety and soundness examinations. https://ncua.gov/newsroom/press-release/2024/ffiec-issues-statement-examination-principles-related-valuation-discrimination-and-bias-residential

February 12, 2024 - The Federal Financial Institutions Examination Council today issued a statement of principles related to valuation discrimination and bias for member entities to consider in their consumer compliance and safety and soundness examinations. www.ffiec.gov/press/pr021224.htm

February 12, 2024 - Regulatory Reform - Communications with the public through February 12, 2024. www.federalreserve.gov/regreform/communications-with-public.htm

February 12, 2024 - Speech by Governor Bowman on defining a bank At the American Bankers Association 2024 Conference for Community Bankers, San Antonio, Texas.   www.federalreserve.gov/newsevents/speech/bowman20240212a.htm

February 9, 2024 - St. Louis Fed Economic Education Team Earns Seven NAEE Awards - Members of the St. Louis Fed�s Economic Education Department have been selected for several awards by the National Association of Economic Educators. www.stlouisfed.org/news-releases/2024/02/econ-ed-team-earns-naee-awards

February 9, 2024 - Credit and Liquidity Programs and the Balance Sheet - Recent balance sheet trends, weekly chart update. www.federalreserve.gov/monetarypolicy/bst_recenttrends.htm

February 9, 2024 - On the GDP Effects of Severe Physical Hazards - We assess the impacts from physical hazards (or severe weather events) on economic activity in a panel of 98 countries using local projection methods. www.federalreserve.gov/econres/ifdp/on-the-gdp-effects-of-severe-physical-hazards.htm

February 9, 2024 - Governance of Permissionless Blockchain Networks - A permissionless blockchain network is a system of physically distributed computers running a copy of a shared ledger and using the same software rules that enable all network participants to "read, submit, and validate transactions" (Beck, M�ller-Bloch, and King, 2018, p. 1022). www.federalreserve.gov/econres/notes/feds-notes/governance-of-permissionless-blockchain-networks-20240209.html

February 8, 2024 - Council on Foreign Relations: C. Peter McColough Series on International Economics - Austan D. Goolsbee, president and chief executive officer of the Federal Reserve Bank of Chicago, will participate in a moderated Q&A at the Council on Foreign Relations on February 14, 2024. www.chicagofed.org/publications/speeches/2024/feb-14-council-on-foreign-relations

February 8, 2024 - Economic Bulletin - Bank deposit outflows continued during 2023 despite rising deposit rates. www.kansascityfed.org/research/economic-bulletin/bank-deposit-rates-havent-kept-pace-with-yields-on-other-investments-but-depositors-are-staying-anyway/
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February 8, 2024 - No Fear Act Quarterly Update - The Notification and Federal Employee Anti-discrimination and Retaliation Act of 2002 increases federal agency accountability for acts of discrimination or reprisal against employees. www.federalreserve.gov/eeo.htm

February 7, 2024 - Speech by Governor Bowman on supporting entrepreneurship and small businesses.  www.federalreserve.gov/newsevents/speech/bowman20240207a.htm

February 7, 2024 - Speech by Governor Kugler on the outlook for the economy and monetary policy At the Brookings Institution, Washington, D.C. www.federalreserve.gov/newsevents/speech/kugler20240207a.htm

February 6, 2024 - Council on Foreign Relations: C. Peter McColough Series on International Economics - Austan D. Goolsbee, president and chief executive officer of the Federal Reserve Bank of Chicago, will participate in a moderated Q&A at the Council on Foreign Relations on February 14, 2024. www.chicagofed.org/publications/speeches/2024/feb-14-council-on-foreign-relations

February 6, 2024 - Economic Growth and Regulatory Paperwork Reduction Act of 1996: Regulatory Review to Identify Outdated, Unnecessary, or Unduly Burdensome Regulations.   www.occ.treas.gov/news-issuances/bulletins/2024/bulletin-2024-5.html

February 6, 2024 - Statistical Release - 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/default.htm

February 6, 2024 - Reexamining the 'Role of the Community Reinvestment Act in Mortgage Supply and the U.S. Housing Boom' - Concerns have lingered since the 2007 subprime crisis that government housing policies promote risky mortgage lending. www.federalreserve.gov/econres/feds/reexamining-role-of-community-reinvestment-act-in-mortgage-supply-and-US-housing-boom.htm

February 6, 2024 - Federal Reserve Board announces termination of enforcement actions with Farmington State Bank, FBH Corporation, and BNP Paribas.  www.federalreserve.gov/newsevents/pressreleases/enforcement20240206b.htm

February 6, 2024 - Federal Reserve Board issues enforcement action with Peoples-Marion Bancorp, Inc. and The Peoples Bank.   www.federalreserve.gov/newsevents/pressreleases/enforcement20240206a.htm

February 6, 2024 - Federal bank regulatory agencies seek comment on interagency effort to reduce regulatory burden - The federal bank regulatory agencies today announced their first of a series of requests for comment to reduce regulatory burden.
Press Release: www.federalreserve.gov/newsevents/pressreleases/bcreg20240206a.htm
Press Release: www.fdic.gov/news/press-releases/2024/pr24006.html
Press Release: www.occ.gov/news-issuances/news-releases/2024/nr-ia-2024-10.html

February 5, 2024 - Regulatory Relief: Guidance to Help Financial Institutions and Facilitate Recovery in Areas of Maine Affected by Severe Storms and Flooding - The FDIC has announced a series of steps intended to provide regulatory relief to financial institutions and facilitate recovery in areas of Maine affected by severe storms and flooding. www.fdic.gov/news/financial-institution-letters/2024/fil24005.html

February 5, 2024 - Regulatory Relief: Guidance to Help Financial Institutions and Facilitate Recovery in Areas of West Virginia Affected by Severe Storms, Flooding, Landslides, and Mudslides.  www.fdic.gov/news/financial-institution-letters/2024/fil24004.html

February 5, 2024 - Senior Loan Officer Opinion Survey on Bank Lending Practices, January 2024 - 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 5, 2024 - Difference-in-Differences in the Marketplace - Price theory says that the most important effects of policy and technological change are often found beyond their first point of contact. www.federalreserve.gov/econres/feds/difference-in-differences-in-the-marketplace.htm

February 2, 2024 - Corporate Interest Expenses Are Expected to Increase Further - Although firm leverage has fallen from pandemic highs, rising interest rates have raised firms� interest expenses. www.kansascityfed.org/research/economic-bulletin/corporate-interest-expenses-are-expected-to-increase-further/

February 2, 2024 - FDIC Issues List of Banks Examined for CRA Compliance - February - The Federal Deposit Insurance Corporation today issued its list of state nonmember banks recently evaluated for compliance with the Community Reinvestment Act. www.fdic.gov/news/press-releases/2024/pr24005.html

February 2, 2024 - Assessing China's Efforts to Increase Self-Reliance - Since the beginning of 2018, the United States and China have been increasing tariff rates on each other's imports, spurring debates about a possible fragmentation of trade into blocs of aligned countries (Pierce and Yu (2023), Alfaro and Chor (2023)). www.federalreserve.gov/econres/notes/feds-notes/assessing-chinas-efforts-to-increase-self-reliance-20240202.html

February 2, 2024 - FOIA - Chair Powell's calendar, December 2023.  www.federalreserve.gov/foia/chairman-powell-calendar.htm

February 2, 2024 - Has Intergenerational Progress Stalled? Income Growth Over Five Generations of Americans - We find that each of the past four generations of Americans was better off than the previous one, using a post-tax, post-transfer income measure constructed annually from 1963-2022 based on the Current Population Survey Annual Social and Economic Supplement. www.federalreserve.gov/econres/feds/has-intergenerational-progress-stalled-income-growth-over-five-generations-of-americans.htm

February 2, 2024 - The Informational Centrality of Banks - The equity and debt prices of large nonbank firms contain information about the future state of the banking system. www.federalreserve.gov/econres/feds/the-informational-centrality-of-banks.htm

February 2, 2024 - Credit and Liquidity Programs and the Balance Sheet - Recent balance sheet trends, weekly chart update. www.federalreserve.gov/monetarypolicy/bst_recenttrends.htm

February 2, 2024 - Nonlinear Inflation Dynamics in Menu Cost Economies - Canonical menu cost models, when parameterized to match the micro-price data, cannot reproduce the extent to which the fraction of price changes increases with inflation. www.federalreserve.gov/econres/feds/nonlinear-inflation-dynamics-in-menu-cost-economies.htm

February 2, 2024 - What makes a job better? Survey evidence from job changers - Changes in pay and benefits alone incorrectly predict self-assessed changes in overall job quality 30 percent of the time, according to survey evidence from job changers. www.federalreserve.gov/econres/feds/what-makes-a-job-better-survey-evidence-from-job-changers.htm

February 2, 2024 - Reasons Behind Words: OPEC Narratives and the Oil Market - We analyze the content of the Organization of the Petroleum Exporting Countries communications and whether it provides information to the crude oil market. www.federalreserve.gov/econres/feds/reasons-behind-words-opec-narratives-and-the-oil-market.htm

February 2, 2024 - Speech by Governor Bowman on the future of banking - Governor Michelle W. Bowman At the 157th Assembly for Bank Directors, Southwestern Graduate School of Banking, Maui, Hawaii. www.federalreserve.gov/newsevents/speech/bowman20240202a.htm

February 1, 2024 - OCC Releases CRA Evaluations for 18 National Banks and Federal Savings Associations.  www.occ.gov/news-issuances/news-releases/2024/nr-occ-2024-9.html
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Rivals may chase Fiserv special bank charter lead - If the payments giant receives a special Georgia charter and gains access to the card networks, it could open the floodgates for other merchant acquirers, attorneys said. https://www.bankingdive.com/news/fiserv-special-bank-charter-malpb-merchant-acquirer-georgia-visa-mastercard/705749/

February 1, 2024 - OCC Releases CRA Evaluations for 18 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, 2024, through January 31, 2024. www.occ.gov/news-issuances/news-releases/2024/nr-occ-2024-9.html