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June 28, 2019 - OCC Hosts Mutual Savings Association Advisory Committee Meeting July 23 - The purpose of the MSAAC meeting is to advise the OCC on regulatory changes or other steps the OCC may be able to take to ensure the continued health and viability of mutual savings associations and other issues of concern to mutual savings associations. www.occ.gov/news-issuances/news-releases/2019/nr-occ-2019-72.html June 28, 2019 - FDIC Makes Public May Enforcement Actions - The FDIC issued a total of 11 orders in May 2019, and is publishing one issued in March 2019.The administrative enforcement actions in those orders consisted of two consent orders; one termination of consent order; one Section 19 order; six removal and prohibition orders; and two voluntary terminations of deposit insurance. www.fdic.gov/news/news/press/2019/pr19058.html June 28, 2019 - The Effect of the Current Expected Credit Loss Standard -on the Timing and Comparability of Reserves - Sarah Chae, Robert F. Sarama, Cindy M. Vojtech, and James Wang - CECL, the new credit loss provisioning standard, is intended to promote proactive provisioning as loan loss reserves must incorporate forward-looking assumptions. www.federalreserve.gov/econres/feds/files/2018020r1pap.pdf June 28, 2019 - Credit and Liquidity Programs and the Balance Sheet - Recent balance sheet trends, weekly chart update. www.federalreserve.gov/monetarypolicy/bst_recenttrends.htm June 28, 2019 - Regulatory Reform - Discount Window Lending, 2017:Q2 - The discount window helps to relieve liquidity strains for individual depository institutions and for the banking system as a whole by providing a reliable backup source of funding. www.federalreserve.gov/regreform/discount-window.htm June 28, 2019 - NCUA Issues Prohibition Notices - The National Credit Union Administration issued one prohibition order in June. This individual is prohibited from participating in the affairs of any federally insured financial institution. www.ncua.gov/newsroom/press-release/2019/ncua-issues-prohibition-notices-2 June 28, 2019 - Index points to slower Midwest economic growth in May - The Midwest Economy Index fell to –0.28 in May from –0.02 in April, reaching its lowest level since February 2010. Contributions to the May MEI from two of the four broad sectors of nonfarm business activity and all five Seventh Federal Reserve District states decreased from April. www.chicagofed.org/~/media/publications/mei/2019/mei-may2019-pdf.pdf June 28, 2019 - Symposium Participants Forecast Solid but Moderating Economic Growth Through 2020 as Auto Sales Slow - Economic Growth to Decelerate in 2019 and Then Ease Further in 2020 as Auto Sales Downshift By William A. Strauss , Kelley Sarussi - According to participants in the Chicago Fed’s annual Automotive Outlook Symposium, the nation’s economic growth is forecasted to slow this year and then moderate close to its long-term average in 2020. Inflation is expected to decline in 2019 and to edge higher in 2020. www.chicagofed.org/publications/chicago-fed-letter/2019/417 June 27, 2019 - NCUA - Chairman Rodney E. Hood Ceremonial Swearing-In Remarks with the Vice President www.ncua.gov/newsroom/speech/2019/chairman-rodney-e-hood-ceremonial-swearing-remarks-vice-president June 27, 2019 - FDIC Hosts Roundtable on Collaborations with Minority Depository Institutions - The Federal Deposit Insurance Corporation today hosted a roundtable with large FDIC-supervised banks and minority depository institutions to foster collaboration in support of the continued vibrancy of MDIs and their communities. https://www.fdic.gov/news/news/press/2019/pr19057.html June 27, 2019 - Surveys and Reports - Senior Credit Officer Opinion Survey on Dealer Financing Terms, June 2019 - The Senior Credit Officer Opinion Survey on Dealer Financing Terms is a quarterly survey providing information about the availability and terms of credit in securities financing and over-the counter derivatives markets. www.federalreserve.gov/data/scoos.htm June 27, 2019 - Federal Reserve Board announces approval of proposals by Texas Independent Bancshares, Inc. and Texas First Bank. www.federalreserve.gov/newsevents/pressreleases/orders20190627a.htm June 27, 2019 - FDIC to Centralize Key Aspects of Its Large, Complex Financial Institution Activities - The Federal Deposit Insurance Corporation today announced its intentions to centralize the supervision and resolution activities for the largest banks and complex financial institutions in a new division to be named the Division of Complex Institution Supervision and Resolution. www.fdic.gov/news/news/press/2019/pr19056.html _________________ June 27, 2019 - FDIC to Centralize Key Aspects of Its Large, Complex Financial Institution Activities - The Federal Deposit Insurance Corporation today announced its intentions to centralize the supervision and resolution activities for the largest banks and complex financial institutions in a new division to be named the Division of Complex Institution Supervision and Resolution. www.fdic.gov/news/news/press/2019/pr19056.html To mark the 85th anniversary of the Federal Credit Union Act, the National Credit Union Administration has launched a digital outreach initiative, �85 Years of Community, Service, and Savings.� www.ncua.gov/newsroom/press-release/2019/community-service-and-savings-initiative-marks-federal-credit-union-act-anniversary June 26, 2019 - NCUA Chairman Rodney E. Hood Remarks - 85th Anniversary Celebration of the Signing of the Federal Credit Union Act www.ncua.gov/newsroom/speech/2019/ncua-chairman-rodney-e-hood-remarks-85th-anniversary-celebration-signing-federal-credit-union-act June 26, 2019 - Expanding Eligibility to File the FFIEC 051 Call Report: Final Rule - On June 21, 2019, the Office of the Comptroller of the Currency, Board of Governors of the Federal Reserve System, and Federal Deposit Insurance Corporation published a final rule to implement section 205 of the Economic Growth, Regulatory Relief, and Consumer Protection Act. www.occ.treas.gov/news-issuances/bulletins/2019/bulletin-2019-30.html June 26, 2019 - OCC Reports Improvement in Mortgage Performance - The Office of the Comptroller of the Currency reported a slight improvement in the performance of first-lien mortgages in the federal banking system during the first quarter of 2019. www.occ.gov/news-issuances/news-releases/2019/nr-occ-2019-71.html June 26, 2019 - Webinar: Building Collaboration between Financial Institutions and Law Enforcement to Prevent and Address Elder Financial Abuse - The FDIC is co-hosting a webinar with the Consumer Financial Protection Bureau on July 25, 2019 from 2:00 p.m. to 3:00 p.m. ET to promote appropriate ways in which financial institutions and law enforcement can collaborate to prevent and address elder financial abuse. www.fdic.gov/news/news/financial/2019/fil19034.html June 26, 2019 - FDIC and CFPB Host Webinar on Elder Financial Abuse Prevention - The Federal Deposit Insurance Corporation and Consumer Financial Protection Bureau are co-hosting a webinar to outline strategies to address and prevent elder financial abuse. www.fdic.gov/news/news/press/2019/pr19055.html June 26, 2019 - Accounting for Innovations in Consumer Digital Services: IT still matters - David M. Byrne and Carol Corrado - This paper develops a framework for measuring digital services in the face of ongoing innovations in the delivery of content to consumers. www.federalreserve.gov/econres/feds/2019.htm#2019049 June 26, 2019 - Trade in Goods and Services: Measuring Domestic and Export Flows in Buyer-Supplier Data - According to Statement No. 14 and Statement No. 131 of the Financial Accounting Standards, public firms are required to disclose major customers--that is, customers that account for at least 10 percent of their total sales. www.federalreserve.gov/econres/notes/feds-notes/measuring-domestic-and-export-flows-in-buyer-supplier-data-20190626.htm June 25, 2019 - Chief Innovation Officer Discusses OCC Support of Responsible Innovation - The agency�s Chief Innovation Officer Beth Knickerbocker today discussed the Office of the Comptroller of the Currency�s efforts to support responsible innovation in the federal banking system during a hearing held by the Task Force on Financial Technology of the U.S. House of Representatives Committee on Financial Services. www.occ.gov/news-issuances/news-releases/2019/nr-occ-2019-70.html June 25, 2019 - FDIC Hosts Interagency Conference Focusing on Minority Depository Institutions - The two-day conference, held June 25�26, 2019, includes discussions on a wide range of topics related to minority depository institutions, such as innovation, supervision, cybersecurity, and federal programs supporting MDIs. www.fdic.gov/news/news/press/2019/pr19054.html June 25, 2019 - Understanding Changes in Household Debt by Credit Risk Category: The Role of Credit Score Transitions - Sarena Goodman and Steve Ramos - The discussion of household debt in the Federal Reserve Board's 2018 Financial Stability Report led with a figure showing outstanding debt balances over time for borrowers belonging to one of three credit risk categories - prime, near-prime, and subprime. www.federalreserve.gov/econres/notes/feds-notes/the-role-of-credit-score-transitions-20190625.htm June 25, 2019 - Reach for Yield by U.S. Public Pension Funds - Lina Lu, Matthew Pritsker, Andrei Zlate, Ken Anadu, and James Bohn - This paper studies whether U.S. public pension funds reach for yield by taking more investment risk in a low interest rate environment. www.federalreserve.gov/econres/feds/2019.htm#2019048 June 25, 2019 - Speech by Chair Jerome H. Powell - Economic Outlook and Monetary Policy Review. www.federalreserve.gov/newsevents/speech/powell20190625a.htm June 25, 2019 - Speech by Governor Michelle W. Bowman - Minority Depository Institutions At the 2019 Interagency Minority Depository Institution and CDFI Bank Conference, Arlington, Virginia. www.federalreserve.gov/newsevents/speech/bowman20190625a.htm June 24, 2019 - Chicago Fed National Activity Index - Index points to a pickup in economic growth in May - Led by improvements in production-related indicators, the Chicago Fed National Activity Index rose to �0.05 in May from �0.48 in April. https://www.chicagofed.org/~/media/publications/cfnai/2019/cfnai-june2019-pdf.pdf June 24, 2019 - Kansas City Fed publishes new book on the history of America's black banks - The Federal Reserve Bank of Kansas City today announced the publication of its latest history book, Let Us Put Our Money Together: The Founding of America�s First Black Banks. www.kansascityfed.org/newsroom/newsreleases/2019/letusputourmoneytogether June 24, 2019 - FDIC Names Amy C. Thompson as Director of the Office of Communications - In her new role, Ms. Thompson will lead the agency's internal and external communications initiatives, including planning and executing public affairs activities to promote understanding of the FDIC's mission, objectives, and programs. www.fdic.gov/news/news/press/2019/pr19053.html June 24, 2019 - Annual Report 2018 - Report to the Congress - Report on operations of the Board during the year. Provides minutes of Federal Open Market Committee meetings, financial statements of the Board and combined financial statements of the Reserve Banks, financial statements for Federal Reserve priced services, information on other services provided by the Reserve Banks, directories of Federal Reserve officials and advisory committees, statistical tables, and maps showing the System's District and Branch boundaries. www.federalreserve.gov/publications/annual-report.htm June 24, 2019 - Agencies issue final amendments to Regulation CC regarding funds availability - The Consumer Financial Protection Bureau and the Federal Reserve Board today jointly published amendments to Regulation CC that implement a statutory requirement to adjust for inflation the amount of funds depository institutions must make available to their customers. www.federalreserve.gov/newsevents/pressreleases/bcreg20190624a.htm June 21, 2019 - Background Investigations: Electronic Fingerprinting for Background Checks and Revised Comptroller�s Licensing Manual Booklets. www.occ.treas.gov/news-issuances/bulletins/2019/bulletin-2019-29.html June 21, 2019 - 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/2019/nr-occ-2019-69.html June 21, 2019 - Every Zip Code Has a Story: San Francisco Federal Reserve Bank President Debuts New Podcast - The Federal Reserve Bank of San Francisco is launching a new podcast, Zip Code Economies, hosted by the Bank�s President and CEO, Mary C. Daly. www.frbsf.org/our-district/press/news-releases/2019/every-zip-code-has-a-story-san-francisco-federal-reserve-bank-president-debuts-new-podcast/ June 21, 2019 - Michael Holmes Joins St. Louis Fed�s Health Care Industry Council - Michael Holmes of St. Louis has been named to the Health Care Industry Council of the Federal Reserve Bank of St. Louis. Holmes is the founder and chairman of the board for RX Outreach. www.stlouisfed.org/news-releases/2019/06/21/michael-holmes-joins-st-louis-fed-health-care-industry-council June 21, 2019 - Federal Reserve Board releases results of supervisory bank stress tests - The nation's largest and most complex banks have strong capital levels that would allow them to stay well above their minimum requirements after being tested against a severe hypothetical recession, according to the results of supervisory stress tests released Friday by the Federal Reserve Board. www.federalreserve.gov/newsevents/pressreleases/bcreg20190621a.htm June 21, 2019 - Credit and Liquidity Programs and the Balance Sheet - Recent balance sheet trends, weekly chart update. www.federalreserve.gov/monetarypolicy/bst_recenttrends.htm June 21, 2019 - Leveraged Bank Loan versus High Yield Bond Mutual Funds - Ayelen Banegas and Jessica Goldenring - Since the financial crisis, the markets for Bank Loan and High Yield Bond mutual funds have grown significantly, with assets under management increasing from $19 billion and $75 billion to close to $117 billion and $225 billion, respectively, as of December 2018. www.federalreserve.gov/econres/feds/2019.htm#2019047 June 21, 2019 - The Impact of Credit Risk Mispricing on Mortgage Lending during the Subprime Boom - James A. Kahn and Benjamin S. Kay - We provide new evidence that credit supply shifts contributed to the U.S. subprime mortgage boom and bust. www.federalreserve.gov/econres/feds/files/2019046pap.pdf June 21, 2019 - How does the interaction of macroprudential and monetary policies affect cross-border bank lending? - Elod Tak�ts and Judit Temesvary - We combine a rarely accessed BIS database on bilateral cross-border lending flows with cross-country data on macroprudential regulations. www.federalreserve.gov/econres/feds/files/2019045pap.pdf June 21, 2019 - Mixed Signals: Investment Distortions with Adverse Selection - R. Matthew Darst and Ehraz Refayet - Abstract: We study how adverse selection distorts equilibrium investment allocations in a Walrasian credit market with two-sided heterogeneity. Representative investor and partial equilibrium economies are special cases where investment allocations are distorted above perfect information allocations. www.federalreserve.gov/econres/feds/files/2019044pap.pdf June 21, 2019 - Statistical Release - Enhanced Financial Accounts, June 2019 - These projects provide additional detail for selected areas of the Financial Accounts. See About the EFAs below for more information. www.federalreserve.gov/releases/efa/enhanced-financial-accounts.htm June 21, 2019 - Speech by Governor Brainard on "Fed Listens in Cincinnati: How Does Monetary Policy Affect Your Community?" At Policy Summit 2019: Connecting People and Places to Opportunity, Federal Reserve Bank of Cleveland, Cincinnati, Ohio. www.federalreserve.gov/newsevents/speech/brainard20190621a.htm June 21, 2019 - Federal Reserve Board releases results of supervisory bank stress tests - The nation's largest and most complex banks have strong capital levels that would allow them to stay well above their minimum requirements after being tested against a severe hypothetical recession, according to the results of supervisory stress tests released Friday by the Federal Reserve Board. www.federalreserve.gov/newsevents/pressreleases/bcreg20190621a.htm June 20, 2019 - Statistical Release - Household Debt Service and Financial Obligations Ratios - Household debt service payments and financial obligations as a percentage of disposable personal income; seasonally adjusted. www.federalreserve.gov/releases/housedebt/default.htm June 20, 2019 - Notice of a Meeting under Expedited Procedures - A closed meeting of the Board of Governors of the Federal Reserve System was held at on June 20, 2019. Matter(s) considered: Update on Comprehensive Capital Analysis and Review and Dodd-Frank Stress Tests 2019. www.federalreserve.gov/aboutthefed/boardmeetings/20190620closed.htm June 20, 2019 - Federal Reserve Board announces approval of applications by Frost Bank - The Federal Reserve Board on Thursday announced its approval of the applications under section 9 of the Federal Reserve Act by Frost Bank, San Antonio, Texas, to establish ten branches in Texas. www.federalreserve.gov/newsevents/pressreleases/orders20190620a.htm ____________________________ June 21, 2019 - OCC Enforcement Actions and Terminations - The Office of the Comptroller of the Currency (OCC) 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. https://www.occ.treas.gov/news-issuances/news-releases/2019/nr-occ-2019-69.html June 19, 2019 - Mortgage Lending: Risk Management Guidance for Higher-Loan-to-Value Lending Activities in Communities Targeted for Revitalization - The Office of the Comptroller of the Currency continues to support the efforts of national banks, federal savings associations, and federal branches and agencies to assist distressed communities targeted for revitalization, stabilization, or redevelopment through responsible residential mortgage lending. www.occ.treas.gov/news-issuances/bulletins/2019/bulletin-2019-28.html June 19, 2019 - OCC Partners with the District of Columbia to Launch Summer Internship for Washington Rising Seniors - Comptroller of the Currency Joseph M. Otting today joined Washington, D.C., Mayor Muriel E. Bowser to welcome 81 rising seniors from D.C. area high schools to the inaugural OCC High School Scholars Intern Program. www.occ.gov/news-issuances/news-releases/2019/nr-occ-2019-68.html June 19, 2019 - Notice of a Meeting under Expedited Procedures - A closed meeting of the Board of Governors of the Federal Reserve System was held at on June 18, 2019 and continued at 9:00 a.m. on June 19, 2019. Matter(s) considered: Discussion of Monetary Policy Issues. www.federalreserve.gov/aboutthefed/boardmeetings/20190618closed.htm June 19, 2019 - Federal Reserve Board and Federal Open Market Committee release economic projections from the June 18-19 FOMC meeting - The attached table and charts released on Wednesday summarize the economic projections and the target federal funds rate projections made by Federal Open Market Committee participants for the June 18-19 meeting. www.federalreserve.gov/newsevents/pressreleases/monetary20190619b.htm June 19, 2019 - Federal Reserve issues FOMC statement - Information received since the Federal Open Market Committee met in May indicates that the labor market remains strong and that economic activity is rising at a moderate rate. www.federalreserve.gov/newsevents/pressreleases/monetary20190619a.htm June 18, 2019 - OCC Reports First Quarter 2019 Bank Trading Revenue - The Office of the Comptroller of the Currency reported trading revenue of U.S. commercial banks and federal savings associations of $10 billion in the first quarter 2019, which was $5.9 billion, or 141 percent, more than the previous quarter. www.occ.gov/news-issuances/news-releases/2019/nr-occ-2019-67.html June 18, 2019 - Advanced Notice of a Meeting under Expedited Procedures A closed meeting of the Board of Governors of the Federal Reserve System will be held under expedited procedures at 1:00 p.m. on June 20, 2019. Matter(s) considered: Update on Comprehensive Capital Analysis and Review and Dodd-Frank Stress Tests 2019. www.federalreserve.gov/aboutthefed/boardmeetings/20190620closed.htm June 17, 2019 - What is Driving the Return Spread Between �Safe� and �Risky� Assets? By Emmanuel Farhi , Fran�ois Gourio - Real interest rates on U.S. government bonds have declined persistently since the 1980s. www.chicagofed.org/publications/chicago-fed-letter/2019/416 June 17, 2019 - St. Louis Fed�s Mary Suiter Awarded for Economic Education Leadership - Assistant Vice President Mary Suiter, the economic education officer at the Federal Reserve Bank of St. Louis, was named the 2019 winner of the John C. Schramm Leadership Award from the National Association of Economic Educators. www.stlouisfed.org/news-releases/2019/06/17/st-louis-fed-mary-suiter-awarded-for-economic-education-leadership June 17, 2019 - Guidance to Help Financial Institutions and Facilitate Recovery in Areas of Arkansas 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 Arkansas affected by severe storms and flooding. www.fdic.gov/news/news/financial/2019/fil19032.html June 17, 2019 - Regulatory Relief - Guidance to Help Financial Institutions and Facilitate Recovery in Areas of South Dakota Affected by Severe Winter Storm, Snowstorm, and Flooding. www.fdic.gov/news/news/financial/2019/fil19033.html June 17, 2019 - Agencies release list of distressed or underserved nonmetropolitan middle-income geographies. Press Release: www.federalreserve.gov/newsevents/pressreleases/bcreg20190617b.htm Press Release: www.fdic.gov/news/news/press/2019/pr19052.html Press Release: www.ffiec.gov/press/pr061719.htm Press Release: www.occ.gov/news-issuances/news-releases/2019/nr-ia-2019-66.html June 17, 2019 - Agencies issue final rule to streamline regulatory reporting requirements and commit to further review of reporting burdens for small institutions. Press Release: www.federalreserve.gov/newsevents/pressreleases/bcreg20190617a.htm Press Release: www.fdic.gov/news/news/press/2019/pr19051.html Press Release: www.occ.gov/news-issuances/news-releases/2019/nr-ia-2019-65.html June 14, 2019 - Credit and Liquidity Programs and the Balance Sheet - Recent balance sheet trends, weekly chart update. www.federalreserve.gov/monetarypolicy/bst_recenttrends.htm June 14, 2019 - Statistical Release - Industrial Production and Capacity Utilization - G.17 - The annual revision to industrial production and capacity utilization was published on March 27, 2019. Data referred to in the release dated March 15, 2019, were superseded by the data issued at the time of the annual revision. Information on the annual revision to industrial production and capacity utilization appears below. www.federalreserve.gov/releases/g17/current/default.htm June 14, 2019 - Federal Reserve Board requests public comment on technical updates to its Freedom of Information Act procedures and on changes to its rules governing the disclosure of confidential supervisory information. www.federalreserve.gov/newsevents/pressreleases/bcreg20190614a.htm June 14, 2019 - Advanced Notice of a Meeting under Expedited Procedures - A closed meeting of the Board of Governors of the Federal Reserve System will be held under expedited procedures at 10:30 a.m. on June 18, 2019. Matter(s) considered: Discussion of Monetary Policy Issues. www.federalreserve.gov/aboutthefed/boardmeetings/20190618closed.htm June 14, 2019 - NCUA: Q1 2019 State Credit Union Data Report Now Available - Federally insured credit unions generally saw continued positive trends in the first quarter of 2019, according to the latest NCUA Quarterly U.S. Map Review. www.ncua.gov/newsroom/press-release/2019/ncua-q1-2019-state-credit-union-data-report-now-available _________________________ June 13, 2019 - The Detroit Economic Activity Index measures growth in economic activity for the city of Detroit. The index is constructed using a mixed-frequency dynamic factor model of 23 Detroit-specific data series capturing income, employment, residential and commercial real estate activity, electric customer counts, tax revenues, and port activity. www.chicagofed.org/publications/deai/index June 13, 2019 - OCC Hosts Compliance and Operational Risk Workshops in Boston - The Office of the Comptroller of the Currency will host two workshops in Boston at the OCC Boston Field Office, July 30 and 31, for directors of national community banks and federal savings associations supervised by the OCC. www.occ.gov/news-issuances/news-releases/2019/nr-occ-2019-64.html June 13, 2019 - Money Museum to offer Hamilton experience for visitors - New display shares history of Alexander Hamilton�s role in central banking. www.kansascityfed.org/~/media/files/publicat/newsroom/2019/hamiltonrelease_mm.pdf June 13, 2019 - FDIC Cautions Customers That FDIConnect.com Is Not Affiliated With a Government Agency and Should Not Be Confused With FDICconnect.gov - The FDIC is aware of the website FDIConnect.com, which advertises itself as a consumer-focused provider of FDIC pass-through insurance for bank deposits. www.fdic.gov/news/news/press/2019/pr19050.html June 13, 2019 - FDIC�s Consumer Compliance Supervisory Highlights - The Federal Deposit Insurance Corporation today issued the new Consumer Compliance Supervisory Highlights publication. www.fdic.gov/news/news/press/2019/pr19049.html June 13, 2019 - Statistical Release - Annual Data on Manufacturing Investment and Capital � G.17. www.federalreserve.gov/releases/g17/other_data.htm June 13, 2019 - Federal Reserve Board publishes summary of feedback from roundtable discussions on the current state of, and potential revisions to, the Community Reinvestment Act - The Federal Reserve Board on Thursday published, "Perspectives from Main Street: Stakeholder Feedback on Modernizing the Community Reinvestment Act," a summary of feedback received from bankers and community groups during a series of 29 roundtable discussions on the current state of, and potential revisions to, the Community Reinvestment Act. www.federalreserve.gov/newsevents/pressreleases/bcreg20190613a.htm June 12, 2019 - New NCUA Video Helps Explain the Home Buying Process - The NCUA video, Understanding the Basics of Obtaining a Home Mortgage, guides potential homebuyers through the steps of shopping for the right mortgage loan and what to expect during the home buying process. www.ncua.gov/newsroom/press-release/2019/new-ncua-video-helps-explain-home-buying-process June 12, 2019 - Statistical Release - Minority-Owned Depository Institutions - Historically, the Federal Reserve Board compiled quarterly data on depository institutions that participate in the Treasury�s Minority Bank Deposit Program. www.federalreserve.gov/releases/mob/ June 12, 2019 - 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/ June 12, 2019 - Notice of a Meeting under Expedited Procedures - A closed meeting of the Board of Governors of the Federal Reserve System was held at on June 12, 2019. Matter(s) considered: Periodic Supervisory Update. www.federalreserve.gov/aboutthefed/boardmeetings/20190612closed.htm June 10, 2019 - Midwest Farmland Values Steady in First Quarter - According to the most recent AgLetter, Seventh District farmland values in the first quarter of 2019 were largely the same as a year ago. Values for �good� agricultural land in the first quarter of 2019 were 1 percent higher than in the fourth quarter of 2018. www.chicagofed.org/publications/agletter/index June 10, 2019 - Regulatory Relief: Guidance to Help Financial Institutions and Facilitate Recovery in Areas of Oklahoma Affected by Severe Winter Storms, Straight-line winds, and Tornadoes. www.fdic.gov/news/news/financial/2019/fil19030.html June 10, 2019 - Advanced Notice of a Meeting under Expedited Procedures - A closed meeting of the Board of Governors of the Federal Reserve System will be held under expedited procedures at 10:30 a.m. on June 12, 2019. Matter(s) considered: Periodic Supervisory Update. www.federalreserve.gov/aboutthefed/boardmeetings/20190612closed.htm June 10, 2019 - Federal Reserve Board announces approval of application by Ameris Bancorp. www.federalreserve.gov/newsevents/pressreleases/orders20190610a.htm June 7, 2019 - Flooding and Finances: Hurricane Harvey�s Impact on Consumer Credit - By Daniel Hartley , Eleni Packis , Ben Weintraut - This article examines consumers� borrowing behavior and debt levels in the wake of Hurricane Harvey. www.chicagofed.org/publications/chicago-fed-letter/2019/415 June 7, 2019 - Statistical Release - Consumer Credit - G.19 - In April, consumer credit increased at a seasonally adjusted annual rate of 5-1/4 percent. Revolving credit increased at an annual rate of 8 percent, while nonrevolving credit increased at an annual rate of 4-1/4 percent. www.federalreserve.gov/releases/g19/current/default.htm June 7, 2019 - Cyclicality and the Severity of the U.S. Supervisory Stress Test: 2014 to 2018 - Jose Berrospide, Andrew Cohen, Ronel Elul (Federal Reserve Bank of Philadelphia), David Hou, Aytek Malkhozov, Marc Rodriguez, and Robert Sarama1 - In this study, we provide a measure of the severity of the 2014-2018 US supervisory stress tests, and examine how that severity measure has evolved. www.federalreserve.gov/econres/notes/feds-notes/cyclicality-and-the-severity-of-the-us-supervisory-stress-test-2014-to-2018-20190607.htm June 7, 2019 - FOIA - Chair Powell's calendar, April 2019. www.federalreserve.gov/foia/chairman-powell-calendar.htm June 7, 2019 - Credit and Liquidity Programs and the Balance Sheet - Recent balance sheet trends, weekly chart update. www.federalreserve.gov/monetarypolicy/bst_recenttrends.htm June 6, 2019 - Statistical Release - Mortgage Debt Outstanding. www.federalreserve.gov/data/mortoutstand/current.htm June 6, 2019 - Federal Reserve Board announces termination of enforcement action against JPMorgan Chase & Co. from January 2013. www.federalreserve.gov/newsevents/pressreleases/enforcement20190606b.htm ________________________ June 6, 2019 - Statistical Release - Financial Accounts of the United States - Z.1 - The Financial Accounts of the United States includes data on transactions and levels of financial assets and liabilities, by sector and financial instrument; full balance sheets, including net worth, for households and nonprofit organizations, nonfinancial corporate businesses, and nonfinancial noncorporate businesses; Integrated Macroeconomic Accounts; and additional supplemental detail. www.federalreserve.gov/releases/z1/current/default.htm June 6, 2019 - Every Cloud has a Silver Lining: Cleansing Effects of the Portuguese Financial Crisis - Daniel Dias and Carlos Robalo Marques - Using firm-level data, this paper shows that the Portuguese financial crisis was a period of intensified productivity-enhancing reallocation. www.federalreserve.gov/econres/ifdp/files/ifdp1250.pdf June 6, 2019 - Federal Reserve Board issues enforcement action with former employee of Goldman Sachs & Co. - Consent cease and desist order against Youlei Tang, former employee of Goldman Sachs & Co., New York, New York, for mishandling confidential supervisory information and proprietary information. www.federalreserve.gov/newsevents/pressreleases/enforcement20190606a.htm June 6, 2019 - NCUA Releases Q1 2019 Credit Union System Performance Data - The NCUA�s Quarterly Data Summary Reports include an overview of the quarterly Call Report data as well as tables showing the recent history of major credit union performance indicators. www.ncua.gov/newsroom/press-release/2019/ncua-releases-q1-2019-credit-union-system-performance-data June 5, 2019 - Chicago Fed Survey of Business Conditions - Survey shows growth slowed some in April and early May - The Chicago Fed Survey of Business Conditions Activity Index decreased to -27 from -18, suggesting that growth in economic activity remained at a modest pace in April and early May. www.chicagofed.org/~/media/publications/cfsbc/2019/cfsbc-june2019-pdf.pdf June 5, 2019 - Liquidity Coverage Ratio Rule: Treatment of Certain Municipal Obligations as High-Quality Liquid Assets: Final Rule - The Office of the Comptroller of the Currency published a final rule in the Federal Register on June 5, 2019, that adopts without change an interim final rule issued August 31, 2018. www.occ.treas.gov/news-issuances/bulletins/2019/bulletin-2019-27.html June 5, 2019 - OCC Releases CRA Evaluations for 33 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 May 1, 2019 through May 31, 2019. www.occ.gov/news-issuances/news-releases/2019/nr-occ-2019-63.html June 5, 2019 - Emerging Trends in the New Mexico Economy - Alison Felix Economist and Branch Executive Federal Reserve Bank of Kansas City Denver Branch. www.kansascityfed.org/~/media/files/publicat/speeches/2019/2019-felix-farmingtonforum-06-05.pdf June 5, 2019 - Omaha Branch of Kansas City Fed installs new sculpture downtown - Downtown Omaha's newest public art sculpture was installed June 1 at the Omaha Branch of the Federal Reserve Bank of Kansas City. www.kansascityfed.org/newsroom/newsreleases/2019/omaha-sculpture June 5, 2019 - FDIC Issues List of Banks Examined for CRA Compliance - The list covers evaluation ratings that the FDIC assigned to institutions in March 2019. www.fdic.gov/news/news/press/2019/pr19048.html June 5, 2019 - A Unified Measure of Fed Monetary Policy Shocks - Chunya Bu, John Rogers, and Wenbin Wu - Identification of Fed monetary policy shocks is complex, in light of the distinct policymaking regimes before, during, and after the ZLB period of December 2008 to December 2015. www.federalreserve.gov/econres/feds/files/2019043pap.pdf June 5, 2019 - Beige Book - Informal review by the Federal Reserve Banks of current economic conditions in their Districts. www.federalreserve.gov/monetarypolicy/beigebook201906.htm June 5, 2019 - Confirmation hearing - Testimony by Governor Michelle W. Bowman Before the Committee on Banking, Housing, and Urban Affairs, U.S. Senate, Washington, D.C. www.federalreserve.gov/newsevents/testimony/bowman20190605a.htm June 5, 2019 - Speech by Vice Chair Clarida on the Federal Reserve's review of its monetary policy strategy, tools, and communication practices At the Conference on Monetary Policy Strategy, Tools, and Communication Practices (A Fed Listens Event), Federal Reserve Bank of Chicago, Chicago, Illinois. www.federalreserve.gov/newsevents/speech/clarida20190605a.htm June 5, 2019 - NCUA Webinar Highlights Credit Union, Bank Partnership Benefits - The webinar, �Bank Enterprise Award Program,� is scheduled to begin at 2 p.m. Eastern and run approximately 60 minutes. www.ncua.gov/newsroom/press-release/2019/ncua-webinar-highlights-credit-union-bank-partnership-benefits June 4, 2019 - OCC Extends Dodd-Frank Act Stress Test Requirements Through November 25, 2019 - Because national banks and federal savings associations with consolidated assets between $100 billion and $250 billion will not be subject to the Dodd-Frank Act Stress Test requirements as of November 24, 2019, the OCC extended the deadline for compliance with the DFAST requirements for those banks to November 25, 2019. www.occ.gov/news-issuances/news-releases/2019/nr-occ-2019-62.html June 4, 2019 - OCC Appoints Three New Members to Minority Depository Institutions Advisory Committee - The MDIAC advises the OCC on steps it can take to ensure the continued health and viability of minority depository institutions and other issues of concern to these institutions. www.occ.gov/news-issuances/news-releases/2019/nr-occ-2019-61.html June 4, 2019 - St. Louis Fed Finds that St. Louis Metro Area Lags Behind When it Comes to Population Growth - According to one economic model, the St. Louis metro area should have grown 11% since 2000, but it grew only 4.7% in that time. www.stlouisfed.org/news-releases/2019/06/04/st-louis-fed-finds-metro-area-lags-behind-in-population-growth June 4, 2019 - Banker Feedback Helps Focus FDIC Efforts to Better Address their Needs - Over the past year, Federal Deposit Insurance Corporation Chairman Jelena McWilliams has been meeting with local bankers, state supervisors, and consumer groups to obtain feedback on many important topics, including: the needs of their local communities, the FDIC's regulatory approach, and ideas to promote economic inclusion. www.fdic.gov/news/news/press/2019/pr19047.html June 4, 2019 - Confirmation hearing Governor Michelle W. Bowman Before the Committee on Banking, Housing, and Urban Affairs, U.S. Senate, Washington, D.C. www.federalreserve.gov/newsevents/testimony/bowman20190605a.htm June 4, 2019 - Opening remarks by Chair Powell At the "Conference on Monetary Policy Strategy, Tools, and Communications Practices" sponsored by the Federal Reserve, Federal Reserve Bank of Chicago, Chicago, Illinois www.federalreserve.gov/newsevents/speech/powell20190604a.htm June 3, 2019 - Solid but Moderating Economic Growth Expected in 2019 and 2020, Chicago Fed Automotive Outlook Symposium Participants Say - The 26th annual Automotive Outlook Symposium was held in Detroit on Friday, May 31, and drew more than 60 participants from the manufacturing and banking industries, as well as consulting and service firms and academia. www.chicagofed.org/~/media/others/events/2019/automotive-outlook-symposium/aos-press-release-pdf.pdf June 3, 2019 - St. Louis Fed's Bullard Presents Remarks on the Current Stance of U.S. Monetary Policy - Bullard reviewed several considerations that suggest a downward adjustment in the Federal Open Market Committee�s policy rate�the federal funds rate target range - may be warranted soon. www.stlouisfed.org/news-releases/2019/06/03/bullard-remarks-on-current-stance-of-us-monetary-policy June 3, 2019 - Request for Information on FDIC Technical Assistance Offerings and Delivery - On June 3, 2019, the Federal Deposit Insurance Corporation issued a Request for Information seeking feedback on the FDIC's methods and efforts to provide technical assistance. www.fdic.gov/news/news/financial/2019/fil19029.html June 3, 2019 - Speech by Vice Chair for Supervision Quarles on the next stage in the LIBOR transition (via prerecorded video) At the Alternative Reference Rates Committee Roundtable, cohosted by the Alternative Reference Rates Committee and the New York University Stern School of Business and Its Salomon Center for the Study of Financial Institutions, New York, New York www.federalreserve.gov/newsevents/speech/quarles20190603a.htm |
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