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.

June 30, 2022 - Government Performance and Results Act Annual Performance Report 2021 - The Government Performance and Results Act of 1993 requires federal agencies to prepare a strategic plan covering a multiyear period and requires each agency to submit an annual performance plan and an annual performance report. www.federalreserve.gov/publications/gpra.htm

June 30, 2022 - Survey Responses Indicating Improved Perceptions of Discount Window Usage Align with Observed Borrowing Behavior - Abigail M. Roberts - In this note, we examine borrowing activity through the discount window's primary credit program subsequent to the program changes made in March 2020 to assess the extent to which banks' behavior appeared consistent with their reported views of the discount window. www.federalreserve.gov/econres/notes/feds-notes/survey-responses-improved-perceptions-discount-window-usage-observed-borrowing-behavior-20220630.htm

June 30, 2022 - Volatility in Home Sales and Prices: Supply or Demand? - Elliot Anenberg and Daniel Ringo - We use a housing search model and data on individual home listings to decompose fluctuations in home sales and price growth into supply or demand factors. www.federalreserve.gov/econres/feds/volatility-in-home-sales-and-prices-supply-or-demand.htm
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June 30, 2022 - OCC Hosts Compliance and Operational Risk Workshops in St. Louis - The Office of the Comptroller of the Currency will host two workshops July 26-27 in St. Louis for directors of community banks and federal savings associations supervised by the OCC. www.occ.gov/news-issuances/news-releases/2022/nr-occ-2022-78.html

June 30, 2022 - Volatility in Home Sales and Prices: Supply or Demand? - Elliot Anenberg and Daniel Ringo - We use a housing search model and data on individual home listings to decompose fluctuations in home sales and price growth into supply or demand factors. www.federalreserve.gov/econres/feds/volatility-in-home-sales-and-prices-supply-or-demand.htm

June 30, 2022 - Discount Window Lending, 2020:Q2 - Federal Reserve lending to depository institutions plays an important role in supporting the liquidity and stability of the banking system and the effective implementation of monetary policy. www.federalreserve.gov/regreform/discount-window.htm

June 30, 2022 - NCUA Issues Enforcement Orders in June 2022 - The National Credit Union Administration issued two prohibition orders and a cease-and-desist order in June. www.ncua.gov/newsroom/press-release/2022/ncua-issues-enforcement-orders-june-2022

June 29, 2022 - Oklahoma Ag Economy Diverges from Surrounding States - This edition of the Oklahoma Economist looks at why the farm economy in Oklahoma has diverged negatively from surrounding states in the Federal Reserve’s Tenth District. www.kansascityfed.org/oklahomacity/oklahoma-economist/oklahoma-ag-economy-diverges-from-surrounding-states/

June 28, 2022 - Prohibition Against Interstate Deposits: Annual Host State Loan-to-Deposit Ratios - The OCC is issuing this bulletin to inform banks1 about how these ratios are used to determine compliance with section 109 of the Riegle-Neal Interstate Banking and Branching Efficiency Act of 1994. www.occ.gov/news-issuances/bulletins/2022/bulletin-2022-17.html

June 28, 2022 - Money Stock Measures - H.6 Release.  www.federalreserve.gov/releases/h6/current/default.htm 

June 28, 2022 - Industrial Production and Capacity Utilization - G.17 Annual Revision - The Federal Reserve has revised its index of industrial production and the related measures of capacity and capacity utilization. www.federalreserve.gov/releases/g17/revisions/Current/DefaultRev.htm

June 28, 2022 - Cost of Banking for LMI and Minority Communities - Marco Migueis, Michael Suher, and Jessie Xu - Bank accounts are critical for participation in the modern economy. However, these accounts frequently require maintenance fees and incur overdraft charges. www.federalreserve.gov/econres/feds/cost-of-banking-for-lmi-and-minority-communities.htm

June 28, 2022 - Agencies issue host state loan-to-deposit ratios - Federal bank regulatory agencies today issued the host state loan-to-deposit ratios that are used to evaluate compliance with section 109 of the Riegle-Neal Interstate Banking and Branching Efficiency Act of 1994. Press Release: www.federalreserve.gov/newsevents/pressreleases/bcreg20220628a.htm
Press Release: www.fdic.gov/news/press-releases/2022/pr22052.html
Press Release: www.occ.gov/news-issuances/news-releases/2022/nr-ia-2022-77.html

June 27, 2022 - OCC Reports Improvement in Overall Mortgage Performance - The Office of the Comptroller of the Currency reported that the performance of first-lien mortgages in the federal banking system improved during the first quarter of 2022. www.occ.gov/news-issuances/news-releases/2022/nr-occ-2022-76.html

June 27, 2022 - Acting Comptroller of the Currency Kicks Off High School Scholar Internship Program - Acting Comptroller of the Currency Michael J. Hsu today kicked off the Office of the Comptroller of the Currency’s fourth annual High School Scholar Internship Program (HSSIP) for students from Washington, D.C., high schools. www.occ.gov/news-issuances/news-releases/2022/nr-occ-2022-75.html

June 27, 2022 - Community Town Hall - The Kansas City Fed's presidential Search Committee will host a virtual community town hall on July 13 to address questions related to its efforts. www.kansascityfed.org/newsroom/2022-news-releases/kansas-city-fed-to-host-virtual-town-hall/

June 27, 2022 - Federal Reserve Board announces final timeline and implementation details for adoption of new Fedwire Funds Service message format.   www.federalreserve.gov/newsevents/pressreleases/other20220627a.htm

June 24, 2022 - Federal Reserve Board issues enforcement action with former institution-affiliated party of Golden Pacific Bancorp, Inc.
www.federalreserve.gov/newsevents/pressreleases/enforcement20220624a.htm

June 24, 2022 - OCC Announces Changes to Executive Committee Membership - Blake Paulson, Senior Deputy Comptroller for Supervision Risk and Analysis, has announced his retirement, effective August 31. www.occ.gov/news-issuances/news-releases/2022/nr-occ-2022-74.html

June 24, 2022 - Policy Nimbleness Through Forward Guidance - Mary C. Daly, President and Chief Executive Officer Federal Reserve Bank of San Francisco.  www.frbsf.org/our-district/press/presidents-speeches/mary-c-daly/2022/june/policy-nimbleness-through-forward-guidance/

June 24, 2022 - FDIC Makes Public May Enforcement Actions - The Federal Deposit Insurance Corporation today released a list of orders of administrative enforcement actions taken against banks and individuals in May 2022. www.fdic.gov/news/press-releases/2022/pr22051.html

June 24, 2022 - Credit and Liquidity Programs and the Balance Sheet - Recent balance sheet trends, weekly chart update.  www.federalreserve.gov/monetarypolicy/bst_recenttrends.htm

June 24, 2022 - Household Debt Service and Financial Obligations Ratios.  www.federalreserve.gov/releases/housedebt/default.htm

June 24, 2022 - Federal Open Market Committee announces its tentative meeting schedule for 2023.  www.federalreserve.gov/newsevents/pressreleases/monetary20220624a.htm

June 23, 2022 - Flood Disaster Protection Act: 2022 Interagency Questions and Answers Regarding Flood Insurance. www.occ.gov/news-issuances/bulletins/2022/bulletin-2022-16.html

June 23, 2022 - Liquidity in the Mortgage Market: How does the COVID-19 Crisis Compare with the Global Financial Crisis? - Karen M. Pence - The liquidity strains that contributed to the meltdown of the mortgage market in the Global Financial Crisis (GFC) re-emerged in the Coronavirus 2019. www.federalreserve.gov/econres/feds/liquidity-in-the-mortgage-market-how-does-the-covid-19-crisis-compare.htm

June 23, 2022 - Senior Credit Officer Opinion Survey on Dealer Financing Terms, June 2022 - The June 2022 Senior Credit Officer Opinion Survey on Dealer Financing Terms collected qualitative information on changes in credit terms and conditions in securities financing and over-the-counter (OTC) derivatives markets. www.federalreserve.gov/data/scoos/scoos-202206.htm

June 23, 2022 - Speech by Governor Michelle W. Bowman - The Outlook for Inflation and Monetary Policy At Executive Officers Conference, Massachusetts Bankers Association, Harwich, Massachusetts www.federalreserve.gov/newsevents/speech/bowman20220623a.htm

June 23, 2022 - Federal Reserve Board releases results of annual bank stress test, which show that banks continue to have strong capital levels, allowing them to continue lending to households and businesses during a severe recession.  www.federalreserve.gov/newsevents/pressreleases/bcreg20220623a.htm

June 22, 2022 - OCC Reports on Key Risks Facing Federal Banking System - The Office of the Comptroller of the Currency today reported the key issues facing the federal banking system in its Semiannual Risk Perspective for Spring 2022. www.occ.gov/news-issuances/news-releases/2022/nr-occ-2022-73.html
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June 23, 2022 - OCC Hosts Denver Workshop for National Community Bank Board Directors, Bank Management - The Office of the Comptroller of the Currency will host a workshop in Denver for directors, senior management team members, and other key executives of national community banks and federal savings associations, July 19-20. www.occ.gov/news-issuances/news-releases/2022/nr-occ-2022-72.html

June 23, 2022 - Growth in Tenth District Manufacturing Activity Slowed Further - The pace of regional factory growth slowed further but was still expansionary. www.kansascityfed.org/surveys/manufacturing-survey/growth-in-tenth-district-manufacturing-activity-slowed-further/

June 23, 2022 - Speech by Governor Michelle W. Bowman - The Outlook for Inflation and Monetary Policy At Executive Officers Conference, Massachusetts Bankers Association, Harwich, Massachusetts. www.federalreserve.gov/newsevents/speech/bowman20220623a.htm

June 22, 2022 - A Stronger Policy Response to Restrain Inflation - Presented at the Corridor Business Journal Mid-Year Economic Review in Cedar Rapids, IA. www.chicagofed.org/publications/speeches/2022/june-22-cbj-mid-year-economic-review

June 22, 2022 - FDIC Advisory Committee on Economic Inclusion to Meet Next Week - The Federal Deposit Insurance Corporation Advisory Committee on Economic Inclusion will meet on Tuesday, June 28, to discuss the Notice of Proposed Rulemaking to modernize the Community Reinvestment Act, and issues of equity in residential property valuation and appraisal. www.fdic.gov/news/press-releases/2022/pr22050.html

June 22, 2022 - Trade, Labor Reallocation Across Firms and Wage Inequality - Mariano Somale - This paper develops a framework for studying the effects of higher trade openness on the wage distribution that emphasizes within-industry labor reallocation across firms, strong skill-productivity complementarities in production and heterogenous fixed export costs across firms. www.federalreserve.gov/econres/ifdp/trade-labor-reallocation-across-firms-and-wage-inequality.htm

June 22, 2022 - Trade policies and fiscal devaluations - Chr3stopher Erceg, Andrea Prestipino, and Andrea Raffo - Fiscal devaluations - an increase in import tariffs and export subsidies or an increase in value-added taxes and payroll subsidies have been shown to provide as much stimulus under fixed exchange rates as a currency devaluation. https://www.federalreserve.gov/econres/ifdp/trade-policies-and-fiscal-devaluations.htm

June 22, 2022 - Federal Reserve Board announces approval of application by Bank First Corporation.  www.federalreserve.gov/newsevents/pressreleases/enforcement20220621a.htm

June 21, 2022 - Federal Reserve Bank of Chicago Announces Appointment of Juan Salgado as a Class C Director.  www.chicagofed.org/publications/news/2022/chicago-fed-announces-appointment-juan-salgado

June 21, 2022 - OCC Reports First Quarter 2022 Bank Trading Revenue - The Office of the Comptroller of the Currency reported cumulative trading revenue of U.S. commercial banks and savings associations of $10.6 billion in the first quarter of 2022. www.occ.gov/news-issuances/news-releases/2022/nr-occ-2022-71.html

June 21, 2022 - OCC Hosts Credit and Operational Risk Workshops in Pittsburgh - The Office of the Comptroller of the Currency will host two workshops July 12-13 in Pittsburgh for directors of community banks and federal savings associations of OCC-supervised institutions. www.occ.gov/news-issuances/news-releases/2022/nr-occ-2022-70.html

June 21, 2022 - St. Louis Fed Names Matuschka Lindo Briggs Regional Executive in Little Rock - The Federal Reserve Bank of St. Louis has named Matuschka Lindo Briggs as vice president and regional executive for the Little Rock Branch, which serves the majority of Arkansas. www.stlouisfed.org/news-releases/2022/06/21/st-louis-fed-names-matuschka-lindo-briggs-regional-executive

June 21, 2022 - FDIC Board of Directors Amends Restoration Plan and Issues a Proposed Rule on Assessments, Revised Deposit Insurance Assessment Rates - The Federal Deposit Insurance Corporation Board of Directors today issued a notice of proposed rulemaking to increase deposit insurance assessment rates by 2 basis points for all insured depository institutions in order to increase the likelihood that the reserve ratio of the Deposit Insurance Fund reaches the statutory minimum of 1.35 percent by the statutory deadline of September 2028. www.fdic.gov/news/financial-institution-letters/2022/fil22026.html

June 21, 2022 - How Effective Were National, State, and Local Eviction Moratoria? - Adithya Raajkumar - Evictions can have detrimental effects on tenants and their households, such as unemployment, loss of shelter, and/or food insecurity, which can often be especially severe since households that face eviction tend to be poorer and less job-secure. www.federalreserve.gov/econres/notes/feds-notes/how-effective-were-national-state-and-local-eviction-moratoria-20220621.htm

June 21, 2022 - Financial and Macroeconomic Indicators of Recession Risk - Michael T. Kiley - Recessions impose sizable hardship, with large increases in the unemployment rate and related dislocations. www.federalreserve.gov/econres/notes/feds-notes/financial-and-macroeconomic-indicators-of-recession-risk-20220621.htm

June 21, 2022 - Federal Reserve Board issues enforcement actions with Evolve Bank & Trust and North American Banking Company.   www.federalreserve.gov/newsevents/pressreleases/enforcement20220621a.htm

June 16, 2022 - States brace for unprecedented broadband funding - By combining sources of data, we can see where broadband most likely doesn't exist, and where it exists but people are not subscribing. www.kansascityfed.org/community/digital-divide/states-brace-for-unprecedented-broadband-funding/

June 16, 2022 - The Federal Financial Institutions Examination Council today announced the availability of data on 2021 mortgage lending transactions reported under the Home Mortgage Disclosure Act by 4,338 U.S. financial institutions. www.ffiec.gov/press.htm
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June 16, 2022 - OCC Enforcement Actions and Terminations - The Office of the Comptroller of the Currency today released new enforcement actions taken against national banks, federal savings associations, and individuals currently and formerly affiliated with national banks and federal savings associations. www.occ.gov/news-issuances/news-releases/2022/nr-occ-2022-69.html

June 16, 2022 - Federal Reserve Board issues enforcement action with former employee of Arvest Bank.  www.federalreserve.gov/newsevents/pressreleases/enforcement20220616a.htm

June 16, 2022 - NCUA Board Briefed on Post-Examination Survey Project - Through a live webcast, the National Credit Union Administration Board held its sixth open meeting of 2022 and was briefed on the results of the NCUA Post-Examination Pilot Survey. www.ncua.gov/newsroom/press-release/2022/ncua-board-briefed-post-examination-survey-project

June 15, 2022 - OCC Allows National Banks and Federal Savings Associations Affected by Flooding in Montana to Close - The Office of the Comptroller of the Currency today issued a proclamation allowing national banks, federal savings associations, and federal branches and agencies of foreign banks to close offices in areas affected by flooding in Montana. www.occ.gov/news-issuances/news-releases/2022/nr-occ-2022-68.html

June 15, 2022 - Federal Reserve issues FOMC statement - Overall economic activity appears to have picked up after edging down in the first quarter. www.federalreserve.gov/newsevents/pressreleases/monetary20220615a.htm 

June 15, 2022 - Federal Reserve Board and Federal Open Market Committee release economic projections from the June 14-15 FOMC meeting The attached tables and charts released on Wednesday summarize the economic projections made by Federal Open Market Committee participants in conjunction with the June 14-15 meeting. www.federalreserve.gov/newsevents/pressreleases/monetary20220615b.htm

June 14, 2022 - NCUA Releases Q1 2022 State-Level Credit Union Data Report - Federally insured credit unions experienced growth in assets, shares and deposits, and loans outstanding over the year ending in the first quarter of 2022, according to the latest Quarterly U.S. Map Review released today by the National Credit Union Administration. www.ncua.gov/newsroom/press-release/2022/ncua-releases-q1-2022-state-level-credit-union-data-report

June 13, 2022 - Highlight: Unrealized losses mount across securities portfolios - As a result of recent interest rate increases and the lengthening of maturities in securities portfolios during the pandemic, unrealized positions in available-for-sale securities have dropped to record lows. www.kansascityfed.org/banking/community-banking-bulletin/highlight-unrealized-losses-mount-across-securities-portfolios/

June 13, 2022 - 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

June 10, 2022 - OCC Hosts Mutual Savings Association Advisory Committee Meeting June 27 - 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/2022/nr-occ-2022-67.html

June 10, 2022 - Credit and Liquidity Programs and the Balance Sheet - Recent balance sheet trends, weekly chart update. www.federalreserve.gov/monetarypolicy/bst_recenttrends.htm

June 9, 2022 - Acting Comptroller Discusses Importance of CDFIs, MDIs - Acting Comptroller of the Currency Michael J. Hsu today discussed the importance of community development financial institutions and minority depository institutions at the 2022 Community Development Bankers Association Peer Forum. www.occ.gov/news-issuances/news-releases/2022/nr-occ-2022-66.html
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June 9, 2022 - Community Advisory Council, Record of Meeting - May 19, 2022 - The Community Advisory Council was formed by the Federal Reserve Board in 2015 to offer diverse perspectives on the economic circumstances and financial services needs of consumers and communities, with a particular focus on the concerns of low- and moderate-income populations. www.federalreserve.gov/aboutthefed/cac.htm

June 9, 2022 - Statistical Release - Z.1 Financial Accounts - 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/default.htm

June 8, 2022 - Senate Confirms Harper to Full Term on the NCUA Board - The U.S. Senate by a vote of 59 to 40 today confirmed Todd M. Harper to be a Member of the National Credit Union Administration Board for a term expiring on April 10, 2027. https://www.ncua.gov/newsroom/press-release/2022/senate-confirms-harper-full-term-ncua-board

June 7, 2022 - NCUA - Growth in Lending, Assets, Insured Shares Reported in First Quarter of 2022 - According to the latest financial performance data released today by the National Credit Union Administration, total loans outstanding in federally insured credit unions increased $136 billion, or 11.7 percent, over the year ending in the first quarter of 2022, to $1.30 trillion. www.ncua.gov/newsroom/press-release/2022/growth-lending-assets-insured-shares-reported-first-quarter-2022

June 7, 2022 - The KC Fed LMCI suggests the level of activity increased and momentum decelerated in May - The KC Fed LMCI suggests the level of activity increased and momentum decelerated in May. www.kansascityfed.org/data-and-trends/lmci/current-release/

June 7, 2022 - Statistical Release - Consumer Credit - G.19 - Beginning with the April 2022 G.19 Consumer Credit release, published on June 7, 2022, the release will no longer report the Commercial Bank Interest Rates for 48-month New Car Loans. www.federalreserve.gov/releases/g19/current/default.htm

June 7, 2022 - Federal Reserve Board announces approval of application by United Texas Bank.  www.federalreserve.gov/newsevents/pressreleases/orders20220607a.htm

June 7, 2022 - Federal Reserve announces it will soon release second tool to help community financial institutions implement the Current Expected Credit Losses accounting standard - Known as the Expected Losses Estimator, or ELE, the spreadsheet-based tool utilizes a financial institution's loan-level data and management assumptions to aid community financial institutions in calculating their CECL allowances. www.federalreserve.gov/newsevents/pressreleases/bcreg20220607a.htm

June 6, 2022 - Notice of a Meeting under Expedited Procedures - A closed meeting of the Board of Governors of the Federal Reserve System was held at 11:45 a.m. on . 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/20220606closed.htm

June 6, 2022 - Federal Reserve Board announces that results from its annual bank stress tests will be released on Thursday, June 23, at 4:30 p.m. EDT.   www.federalreserve.gov/newsevents/pressreleases/bcreg20220606a.htm

June 3, 2022 - FDIC Issues List of Banks Examined for CRA Compliance - The list covers evaluation ratings that the FDIC assigned to institutions in March 2022. www.fdic.gov/news/press-releases/2022/pr22048.html

June 3, 2022 - Substitutability between Balance Sheet Reductions and Policy Rate Hikes: Some Illustrations and a Discussion - Edmund Crawley, Etienne Gagnon, James Hebden, and James Trevino - This note explores the substitutability between policy rate hikes and reductions in the size of the Federal Reserve's balance sheet for the removal of policy accommodation. https://www.federalreserve.gov/econres/notes/feds-notes/substitutability-between-balance-sheet-reductions-and-policy-rate-hikes-some-illustrations-20220603.htm

June 3, 2022 - FOIA - Chair Powell's calendar, April 2022.  www.federalreserve.gov/foia/chairman-powell-calendar.htm

June 3, 2022 - Credit and Liquidity Programs and the Balance Sheet - Recent balance sheet trends, weekly chart update. www.federalreserve.gov/monetarypolicy/bst_recenttrends.htm

June 3, 2022 - How Did It Happen?: The Great Inflation of the 1970s and Lessons for Today - Edward Nelson - The pickup in the U.S. inflation rate to its highest rates in forty years has led to renewed attention being given to the Great Inflation of the 1970s. www.federalreserve.gov/econres/feds/the-great-inflation-of-the-1970s-and-lessons-for-today.htm

June 3, 2022 - Speech by Governor Waller on risk in the crypto markets At the SNB-CIF Conference on Cryptoassets and Financial Innovation, Z�rich, Switzerland.   www.federalreserve.gov/newsevents/speech/waller20220603a.htm

June 2, 2022 - Federal Reserve Gov. Michelle Bowman to Give 2022 Community Banking Research Conference Keynote - The conference, formerly titled the Community Banking in the 21st Century Research and Policy Conference, is marking its 10th year in 2022. www.stlouisfed.org/news-releases/2022/06/02/michelle-bowman-to-give-2022-community-banking-research-conference-keynote

June 2, 2022 - Summary of Deposits Survey and Filing for June 30, 2022 - The Summary of Deposits is the annual survey of branch office deposits as of June 30 for all FDIC-insured institutions, including insured U.S. branches of foreign banks. www.fdic.gov/news/financial-institution-letters/2022/fil22025.html
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June 2, 2022 - Runs on Algorithmic Stablecoins: Evidence from Iron, Titan, and Steel - Austin Adams and Markus Ibert - Stablecoins---digital currencies pegged to an external reference (e.g., the US dollar)---play an increasingly important role in transacting digital currencies. https://www.federalreserve.gov/econres/notes/feds-notes/runs-on-algorithmic-stablecoins-evidence-from-iron-titan-and-steel-20220602.htm

June 2, 2022 - The rising tide lifts some interest rates: climate change, natural disasters, and loan pricing - Ricardo Correa, Ai He, Christoph Herpfer, and Ugur Lel - We investigate how corporate loan costs are affected by climate change-related natural disasters. www.federalreserve.gov/econres/ifdp/the-rising-tide-lifts-some-interest-rates-climate-change-natural-disasters-and-loan-pricing.htm

June 2, 2022 - Social Externalities of Bank Enforcement Actions: The Case of Minority Lending - Byeongchan An, Robert Bushman, Anya Kleymenova, and Rimmy E. Tomy - This paper studies the role banking supervision plays in improving access to credit for minorities by investigating how enforcement decisions and orders affect the bank borrower base. https://www.federalreserve.gov/econres/feds/social-externalities-of-bank-enforcement-actions.htm

June 2, 2022 - The Vaccine Boost: Quantifying the Impact of the COVID-19 Vaccine Rollout on Measures of Activity - Maria D. Tito and Ashley Sexton - This paper investigates the impact of vaccine administration on three main dimensions of activity: spending, mobility, and employment. www.federalreserve.gov/econres/feds/quantifying-the-impact-of-the-covid-19-vaccine-rollout-on-measures-of-activity.htm

June 1, 2022 - OCC Releases CRA Evaluations for 29 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, 2022, through May 31, 2022. www.occ.gov/news-issuances/news-releases/2022/nr-occ-2022-64.html

June 1, 2022 - OCC Designates Five Senior National Bank Examiners - The Office of the Comptroller of the Currency today designated Stephanie Boccio, Angela Lindstrom, James Reid, Andrea Vourvoulias, and Marc Wacker as Senior National Bank Examiners. www.occ.gov/news-issuances/news-releases/2022/nr-occ-2022-65.html 

June 1, 2022 - Tenth District Beige Book - Tenth District Summary for Beige Book. https://www.federalreserve.gov/monetarypolicy/beigebook202206.htm

June 1, 2022 - The Cryptic Nature of Black Consumer Cryptocurrency Ownership - The latest Payments System Research Briefing examines the appeal and risks of cryptocurrency ownership, specifically for Black consumers. www.kansascityfed.org/research/payments-system-research-briefings/the-cryptic-nature-of-black-consumer-cryptocurrency-ownership/

June 1, 2022 - St. Louis Fed�s Bullard Presents �The First Steps toward Disinflation� - Federal Reserve Bank of St. Louis President James Bullard presented �The First Steps toward Disinflation� virtually on Wednesday at an event hosted by the Economic Club of Memphis. www.stlouisfed.org/news-releases/2022/06/01/bullard-presents-the-first-steps-toward-disinflation

June 1, 2022 - Summary of Deposits Survey and Filing for June 30, 2022 - The Summary of Deposits is the annual survey of branch office deposits as of June 30 for all FDIC-insured institutions, including insured U.S. branches of foreign banks. www.fdic.gov/news/financial-institution-letters/2022/fil22025.html

June 1, 2022 - Statistical Release - Foreign Exchange Rates - G.5 - The table below shows the average rates of exchange in MAY 2022 together with comparable figures for other months. www.federalreserve.gov/releases/g5/current/default.htm

June 1, 2022 - Beige Book - Informal review by the Federal Reserve Banks of current economic conditions in their Districts. www.federalreserve.gov/monetarypolicy/beige-book-default.htm

June 1, 2022 - The transmission of financial shocks and leverage of financial institutions: An endogenous regime switching framework - Kirstin Hubrich and Daniel Waggoner - We conduct a novel empirical analysis of the role of leverage of financial institutions for the transmission of financial shocks to the macroeconomy. www.federalreserve.gov/econres/feds/the-transmission-of-financial-shocks-and-leverage-of-financial-institutions.htm