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 28, 2024 - NCUA Prohibits Three Individuals From Participating in the Affairs of Any Federally Insured Depository Institution - The National Credit Union Administration issued one consent and two prohibition notices in June 2024. www.ncua.gov/newsroom/press-release/2024/ncua-prohibits-three-individuals-participating-affairs-any-federally-insured-depository-institution-0  

June 28, 2024 - Tenth District Services Growth Moderated Slightly in June - District services activity stayed positive in June, and expectations for the future continued to grow. www.kansascityfed.org/surveys/services-survey/tenth-district-services-growth-moderated-slightly-in-june/

June 28, 2024 - Guidance to Help Financial Institutions and Facilitate Recovery in Areas of Iowa Affected by Severe Storms, Flooding, Straight-line Winds, and Tornadoes www.fdic.gov/news/financial-institution-letters/2024/guidance-help-financial-institutions-and-facilitate-1

June 28, 2024 - FDIC Marks Important Milestones in Culture Change Efforts - The Federal Deposit Insurance Corporation today announced important updates regarding the ongoing work to improve the agency’s workplace culture following an independent review of allegations of sexual harassment and other interpersonal misconduct. www.fdic.gov/news/press-releases/2024/fdic-marks-important-milestones-culture-change-efforts

June 28, 2024 - FDIC Makes Public May Enforcement Actions - The FDIC issued 15 orders in May 2024. www.fdic.gov/news/press-releases/2024/fdic-makes-public-may-enforcement-actions

June 28, 2024 - Lessons from the Co-movement of Inflation around the World - The aftermath of the COVID-19 pandemic saw a surge in inflation around the world, reflecting rapid increases in the demand for goods, strained supply chains, tight labor markets, and sharp hikes in commodity prices exacerbated by the Russian war on Ukraine. www.federalreserve.gov/econres/notes/feds-notes/lessons-from-the-co-movement-of-inflation-around-the-world-20240628.html

June 28, 2024 - Credit and Liquidity Programs and the Balance Sheet - Recent balance sheet trends, weekly chart update.  www.federalreserve.gov/monetarypolicy/bst_recenttrends.htm

June 28, 2024 - Regulatory Reform - Discount Window Lending, 2022: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 27, 2024 - Tenth District Manufacturing Activity Fell Moderately in June - Regional factory activity continued to decline in June. Employment levels dropped, but only about 10 percent of firms have laid off workers or plan to in the next six months. www.kansascityfed.org/surveys/manufacturing-survey/tenth-district-manufacturing-activity-fell-moderately-in-june/

June 27, 2024 - New Small Business Lending Declines as Credit Standards Continue to Tighten - New Small Business Lending decreased by 6.7 percent when compared to the same period in 2023 and 6.3 percent when compared to the previous quarter. www.kansascityfed.org/surveys/small-business-lending-survey/new-small-business-lending-declines-as-credit-standards-continue-to-tighten/

June 27, 2024 - Federal Reserve Board announces its approval of the application by PlainsCapital Bank.  www.federalreserve.gov/newsevents/pressreleases/orders20240627a.htm
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June 28, 2024 - FDIC Makes Public May Enforcement Actions - The Federal Deposit Insurance Corporation (FDIC) today released a list of orders of administrative enforcement actions taken against banks and individuals in May 2024. https://www.fdic.gov/news/press-releases/2024/fdic-makes-public-may-enforcement-actions

June 27, 2024 - Tenth District Manufacturing Activity Fell Moderately in June Regional factory activity continued to decline in June. www.kansascityfed.org/surveys/manufacturing-survey/tenth-district-manufacturing-activity-fell-moderately-in-june/

June 27, 2024 - Speech by Governor Michelle W. Bowman - Brief Remarks on the Economy, Monetary Policy, and Bank Regulation At the Idaho, Nevada, Oregon, and Washington Bankers Associations 2024 Annual Convention, Stevenson, Washington.  www.federalreserve.gov/newsevents/speech/bowman20240627a.htm

June 27, 2024 - Statistical Release - Finance Companies - G.20.  www.federalreserve.gov/releases/g20/current/default.htm

June 26, 2024 - NCUA - A Reflection on the Past and Future Marks Federal Credit Union Act 90th Anniversary - The National Credit Union Administration commemorated today the 90th anniversary of the signing of the Federal Credit Union Act of 1934 into law by President Franklin Delano Roosevelt, which authorized the formation of federally chartered credit unions in all states. www.ncua.gov/newsroom/press-release/2024/reflection-past-and-future-marks-federal-credit-union-act-90th-anniversary 

June 26, 2024 - OCC Reports Mortgage Performance for First Quarter of 2024 - The Office of the Comptroller of the Currency reported on the performance of first-lien mortgages in the federal banking system during the first quarter of 2024. www.occ.gov/news-issuances/news-releases/2024/nr-occ-2024-71.html

June 26, 2024 - Economic Bulletin - The Kansas City Fed�s monthly services survey tracks business activity for a wide variety of services firms in the Tenth District. www.kansascityfed.org/research/economic-bulletin/consumer-discretionary-sector-has-boosted-recent-regional-services-activity-as-business-and-professional-activity-slows/

June 26, 2024 - St. Louis Fed Economist Restrepo-Echavarria Appointed to Board of RIDGE - Restrepo-Echavarria will serve a two-year term on the board, which vot ed to appoint her on March 25. www.stlouisfed.org/news-releases/2024/06/st-louis-fed-economist-appointed-to-ridge

June 26, 2024 - Speech by Governor Bowman on the consequences of bank capital reform At the ISDA Board of Directors, London, England. 
www.federalreserve.gov/newsevents/speech/bowman20240626a.htm
June 26, 2024 - Federal Reserve Board announces its approval of the application by Veritex Community Bank.  www.federalreserve.gov/newsevents/pressreleases/orders20240626a.htm

June 26, 2024 - Federal Reserve Board annual bank stress test showed that while large banks would endure greater losses than last year's test, they are well positioned to weather a severe recession and stay above minimum capital requirements.  www.federalreserve.gov/newsevents/pressreleases/bcreg20240626a.htm

June 25, 2024 - Are Firms Hoarding Cash Post-Pandemic? - Cash holdings rose to record levels following the pandemic, raising concerns that firms are �hoarding� cash beyond what is needed for economic use. www.kansascityfed.org/research/economic-bulletin/are-firms-hoarding-cash-post-pandemic/

June 25, 2024 - NCUA Releases Annual Cybersecurity and Credit Union System Resilience Report - The report summarizes the current cybersecurity threat landscape, highlights the agency�s key cybersecurity initiatives, and outlines the agency�s ongoing efforts to enhance cybersecurity preparedness and resilience within the credit union industry. www.ncua.gov/newsroom/press-release/2024/ncua-releases-annual-cybersecurity-and-credit-union-system-resilience-report 

June 25, 2024 - OCC Reports First Quarter 2024 Bank Trading Revenue - The Office of the Comptroller of the Currency reported cumulative trading revenue of U.S. commercial banks and savings associations of $15.6 billion in the first quarter of 2024. www.occ.gov/news-issuances/news-releases/2024/nr-occ-2024-70.html

June 25, 2024 - Sexual Orientation and Financial Well-Being in the United States - We study the relationship between financial well-being and sexual orientation in the United States using Survey of Household Economics and Decisionmaking data for 2019-2022. www.federalreserve.gov/econres/feds/sexual-orientation-and-financial-well-being-in-the-united-states.htm

June 25, 2024 - Money Stock Measures - H.6 Release. www.federalreserve.gov/releases/h6/current/default.htm

June 25, 2024 - Speech by Governor Cook on the economic outlook At the Economic Club of New York, New York, New York.  www.federalreserve.gov/newsevents/speech/cook20240625a.htm

June 25, 2024 - Speech by Governor Bowman on perspectives on U.S. monetary policy and bank capital reform At Policy Exchange, London, England. www.federalreserve.gov/newsevents/speech/bowman20240625a.htm

June 25, 2024 - Opening remarks by Governor Bowman at the Midwest Cyber Workshop hosted by the Federal Reserve Banks of St. Louis, Chicago, and Kansas City.  www.federalreserve.gov/newsevents/speech/bowman20240625b.htm

June 25, 2024 - Federal Reserve Board issues enforcement action with Pedcor Financial, LLC, Pedcor Financial Bancorp, and Fidelity Federal Bancorp.   www.federalreserve.gov/newsevents/pressreleases/enforcement20240625a.htm

June 24, 2024 - NCUA - MDI Credit Union Growth Expands Financial Security and Creates Opportunities - Minority depository institution credit unions expanded membership and services in 2023, promoting economic growth and financial security, particularly in underserved communities. www.ncua.gov/newsroom/press-release/2024/mdi-credit-union-growth-expands-financial-security-and-creates-opportunities  

June 24, 2024 - OCC Requests Comments on Proposed Revisions to Its Recovery Planning Guidelines -The proposed rulemaking is part of the OCC�s effort to ensure that large banks are adequately prepared and have developed a plan to respond to the financial effects of severe stress, particularly in light of the contagion effects and systemic risks they may pose. www.occ.gov/news-issuances/news-releases/2024/nr-occ-2024-69.html

June 24, 2024 - Housing Services Inflation May Decline Only Gradually - The inflation rate for housing services remains about 2 percentage points above its 2019 level. www.kansascityfed.org/research/economic-bulletin/housing-services-inflation-may-decline-only-gradually/

June 24, 2024 - The Federal Financial Institutions Examination Council today announced the appointment of Raymond Dorado to the FFIEC�s State Liaison Committee.  www.ffiec.gov/press/pr062424.htm

June 24, 2024 - Guidance to Help Financial Institutions and Facilitate Recovery in Areas of Florida Affected by Severe Storms, Straight-line Winds, and Tornadoes www.fdic.gov/news/financial-institution-letters/guidance-help-financial-institutions-and-facilitate-recovery-11

June 24, 2024 - Inflation, Price Dispersion, and Welfare: The Role of Consumer Search - In standard macroeconomic models, the costs of inflation are tightly linked to the price dispersion of identical goods. www.federalreserve.gov/econres/feds/inflation-price-dispersion-and-welfare-the-role-of-consumer-search.htm

June 24, 2024 - Welcoming remarks by Governor Waller at the International Journal of Central Banking Annual Research Conference 2024. www.federalreserve.gov/newsevents/speech/waller20240624a.htm

June 21, 2024 - Acting Comptroller Issues Statement on FDIC Industrial Loan Company Application - Acting Comptroller of the Currency Michael J. Hsu issued the following statement at yesterday�s Federal Deposit Insurance Corporation board meeting regarding the application from Thrivent Financial for federal deposit insurance. www.occ.gov/news-issuances/news-releases/2024/nr-occ-2024-68.html

June 21, 2024 - Acting Comptroller Issues Statement on New Reporting Channels for FDIC Complaints - Acting Comptroller of the Currency Michael J. Hsu issued the following statement at yesterday's Federal Deposit Insurance Corporation board meeting regarding the creation of the Office of Professional Conduct and the Office of Equal Employment Opportunity. www.occ.gov/news-issuances/news-releases/2024/nr-occ-2024-67.html

June 21, 92024 - Guidance to Help Financial Institutions and Facilitate Recovery in Areas of Oklahoma Affected by Severe Storms, Straight-line Winds, Tornadoes, and Flooding.  www.fdic.gov/news/financial-institution-letters/guidance-help-financial-institutions-and-facilitate-recovery-10

June 21, 2024 - FDIC Board of Directors Creates Independent Office of Professional Conduct and Office of Equal Employment Opportunity - The Federal Deposit Insurance Corporation Board of Directors approved the creation of two new, independent offices, reporting directly to the Board of Directors, to handle claims of sexual harassment, discrimination, and other forms of interpersonal misconduct, as well as claims of retaliation. www.fdic.gov/news/press-releases/fdic-board-directors-creates-independent-office-professional-conduct-and-office

June 21, 2024 - FDIC Approves the Deposit Insurance and Merger Applications for Thrivent Bank, Salt Lake City, Utah - The Board of Directors of the Federal Deposit Insurance Corporation approved a deposit insurance application submitted by Thrivent Financial for Lutherans based in Minneapolis (through its wholly owned subsidiary Thrivent Financial Holdings), to create Thrivent Bank, a newly chartered industrial bank headquartered in Salt Lake City, Utah. www.fdic.gov/news/press-releases/fdic-approves-deposit-insurance-and-merger-applications-thrivent-bank-salt-lake

June 21, 2024 - CRE Redevelopment Options and the Use of Mortgage Financing - A significant share of commercial real estate investment properties�about half by our estimates�are purchased without a mortgage.   www.federalreserve.gov/econres/feds/cre-redevelopment-options-and-the-use-of-mortgage-financing.htm

June 21, 92024 - Estimating Retail Credit in the U.S. - In this note, we estimate the size of an understudied segment of the consumer credit market�retail credit. www.federalreserve.gov/econres/notes/feds-notes/estimating-retail-credit-in-the-u-s-20240621.html

June 21, 2024 - Credit and Liquidity Programs and the Balance Sheet - Recent balance sheet trends, weekly chart update.  www.federalreserve.gov/monetarypolicy/bst_recenttrends.htm

June 21, 2024 - Federal Reserve Board announces it will extend until September 6, 2024, the comment period on proposal to expand operating days of the Federal Reserve Banks� two large-value payments services, Fedwire Funds Service and the National Settlement Service.  www.federalreserve.gov/newsevents/pressreleases/bcreg20240621b.htm

June 21, 2024 - Agencies announce results of resolution plan review for largest and most complex banks - The Federal Deposit Insurance Corporation and Federal Reserve Board today announced that, following their joint review of the July 2023 resolution plan submissions of the eight largest and most complex banks, they identified a weakness in the plans from Bank of America, Citigroup, Goldman Sachs, and JPMorgan Chase.
Press Release: www.federalreserve.gov/newsevents/pressreleases/bcreg20240621a.htm
Press Release: www.fdic.gov/news/press-releases/agencies-announce-results-resolution-plan-review-largest-and-most-complex-banks

June 20, 2024 - Final Rulemaking on Resolution Plans Required for Insured Depository Institutions with $100 Billion or More in Total Assets - The Federal Deposit Insurance Corporation issued a final rule revising Section 360.10 of the FDIC's regulations and requiring the submission of resolution plans or informational filings by covered insured depository institutions. www.fdic.gov/news/financial-institution-letters/final-rulemaking-resolution-plans-required-insured-depository

June 20, 2024 - FDIC Board of Directors Approves Final Revised Rule to Strengthen Resolution Planning for Large Banks - FDIC Board of Directors Approves Final Revised Rule to Strengthen Resolution Planning for Large Banks. www.fdic.gov/news/press-releases/fdic-board-directors-approves-final-revised-rule-strengthen-resolution-planning

June 20, 2024 - Surveys and Reports - Senior Credit Office Opinion Survey, June 2024 - The June 2024 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 derivatives markets between February 2024 and May 2024. www.federalreserve.gov/data/scoos/scoos-202406.htm
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June 20, 2024 - Acting Comptroller Issues Statement on FDIC Resolution Plan Rule - Acting Comptroller of the Currency Michael J. Hsu issued the following statement at today�s Federal Deposit Insurance Corporation board meeting regarding the final rule on insured depository institution resolution planning. www.occ.gov/news-issuances/news-releases/2024/nr-occ-2024-65.html

June 20, 2024 - OCC Approves Final Rule on Automated Valuation Models - The Office of the Comptroller of the Currency today approved a final rule to implement quality control standards for automated valuation models used by mortgage originators and secondary market issuers in valuing residential real estate collateral securing mortgage loans. www.occ.gov/news-issuances/news-releases/2024/nr-occ-2024-66.html

June 18, 2024 - The Marshall Forum - Austan D. Goolsbee, president and chief executive officer of the Federal Reserve Bank of Chicago, participated in a monetary policy discussion at the 2024 Marshall Forum on June 18, 2024, on the University of Chicago campus. www.chicagofed.org/publications/speeches/2024/june-18-marshall-forum

June 18, 2024 - Capital rules explain leverage craving in US bank risk transfers - Capital rules that were written to keep banks safe are fuelling the controversial use of leverage by investors in US risk transfer deals. www.risk.net/investing/7959571/capital-rules-explain-leverage-craving-in-us-bank-risk-transfers

June 18, 2024 - OCC Report Highlights Key Risks in 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 2024. www.occ.gov/news-issuances/news-releases/2024/nr-occ-2024-64.html

June 18, 2024 - Statistical Release - Industrial Production and Capacity Utilization - G.17 - Industrial production rose 0.9 percent in May. Manufacturing output posted a similar gain of 0.9 percent after declining in the previous two months. www.federalreserve.gov/releases/g17/Current/

June 18, 2024 - Speech by Governor Kugler on the economic outlook and monetary policy At the Peterson Institute for International Economics, Washington, D.C. www.federalreserve.gov/newsevents/speech/kugler20240618a.htm

June 17, 2024 - Title Subject Publication Date NCUA Releases Q1 2024 State-Level Credit Union Data Report - For federally insured credit unions, assets and shares and deposits declined at the median over the year ending in the first quarter of 2024.  https://ncua.gov/newsroom/press-release/2024/ncua-releases-q1-2024-state-level-credit-union-data-report

June 17, 2024 - Home Mortgage Disclosure Act: FFIEC�s 2024 'A Guide to HMDA Reporting: Getting It Right!' - The 2024 guide provides resources to help banks1 comply with the Home Mortgage Disclosure Act (HMDA) and Regulation C, its implementing regulation. www.occ.treas.gov/news-issuances/bulletins/2024/bulletin-2024-15.html

June 17, 2024 - OCC Announces Enforcement Actions for June 2024 - he 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-2024-63.html

June 17, 2024 - Speech by Governor Bowman on innovation in the financial system At The Salzburg Global Seminar on Financial Technology Innovation, Social Impact, and Regulation: Do We Need New Paradigms?, Salzburg, Austria.  www.federalreserve.gov/default.htm

June 14, 2024 - 1st Choice Credit Union Conserved - The National Credit Union Administration today placed 1st Choice Credit Union in Atlanta, Georgia, into conservatorship. www.ncua.gov/newsroom/press-release/2024/1st-choice-credit-union-conserved 

June 14, 2024 - Young Workers Fuel Recovery in Jobs Requiring a High School Diploma or Less - The labor force of individuals with a high school diploma or less has surpassed pre-pandemic levels thanks to an increase in the number of young workers. www.kansascityfed.org/research/economic-bulletin/young-workers-fuel-recovery-in-jobs-requiring-a-high-school-diploma-or-less/

June 14, 2024 - Who Buys Treasuries When the Fed Reduces its Holdings - The Federal Reserve began to decrease the size of its balance sheet on June 1, 2022, entering a phase of "balance sheet reduction" or "quantitative tightening." www.federalreserve.gov/econres/notes/feds-notes/who-buys-treasuries-when-the-fed-reduces-its-holdings-20240614.html

June 14, 2024 - Mitigating Too Big to Fail - Failure is an integral part of market capitalism. Avoiding failure gives firms a strong motivation to compete in serving their customers well. The possibility of failure also creates a desire to innovate. www.federalreserve.gov/econres/notes/feds-notes/mitigating-too-big-to-fail-20240614.html

June 14, 2024 - A Note On Revolving Credit Estimates - Revolving credit represents a notable share of consumer debt and is an important part of household balance sheets. www.federalreserve.gov/econres/notes/feds-notes/a-note-on-revolving-credit-estimates-20240614.html

June 14, 2024 - The 2023 Banking Turmoil and the Bank Term Funding Program - We use high-frequency data to examine the effectiveness of the Bank Term Funding Program in supporting the liquidity positions of vulnerable banks during the March 2023 banking turmoil. www.federalreserve.gov/econres/feds/the-2023-banking-turmoil-and-the-bank-term-funding-program.htm

June 14, 2024 - Trademarks in Banking - One in five banks in the United States share a similar name. www.federalreserve.gov/econres/feds/trademarks-in-banking.htm

June 14, 2024 - The Slope of the Phillips Curve - We review recent developments in the estimation and identification of the Phillips curve and its slope. www.federalreserve.gov/econres/feds/the-slope-of-the-phillips-curve.htm

June 14, 2024 - Demand Uncertainty, Selection, and Trade - This paper examines the role of uncertainty on elasticities of trade flows with respect to variable trade costs in a canonical model of trade with monopolistic competition and heterogeneous firms. www.federalreserve.gov/econres/feds/demand-uncertainty-selection-and-trade.htm

June 14, 2024 - Continuity and Change in the Federal Reserve�s Perspective on Price Stability - By examining statements made by the Federal Reserve leadership since the early 1950s, we establish that there has been considerable continuity in policymakers� perceptions of the benefits of price stability. www.federalreserve.gov/econres/feds/continuity-and-change-in-the-federal-reserves-perspective-on-price-stability.htm

June 14, 2024 - Information Friction in OTC Interdealer Markets - In over-the-counter securities markets, interdealer markets are an important venue through which dealers can offload positions and share risk amongst themselves. www.federalreserve.gov/econres/feds/information-friction-in-otc-interdealer-markets.htm

June 14, 2024 - Reaching for Duration and Leverage in the Treasury Market - We show substantial variation in mutual funds� use of Treasury futures, both over time and across funds. www.federalreserve.gov/econres/feds/reaching-for-duration-and-leverage-in-the-treasury-market.htm

June 14, 2024 - Income Shocks and Their Transmission into Consumption - This paper reviews the economics literature of, primarily, the past 20 years that studies the link between income shocks and consumption fluctuations at the household level. www.federalreserve.gov/econres/feds/income-shocks-and-their-transmission-into-consumption.htm

June 14, 2024 - Advisory Council - Community Advisory Council, Record of Meeting - May 30, 2024 - 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 14, 2024 - Statistical Release - Enhanced Financial Accounts, June 2024. www.federalreserve.gov/releases/efa/enhanced-financial-accounts.htm

June 14, 2024 - Credit and Liquidity Programs and the Balance Sheet - Recent balance sheet trends, weekly chart update. www.federalreserve.gov/monetarypolicy/bst_recenttrends.htm

June 14, 2024 - Statistical Release - Structure and Share Data for U.S. Banking Offices of Foreign Entities. www.federalreserve.gov/releases/IBA/default.htm

June 14, 2024 - Federal Reserve Board issues an enforcement action against Evolve Bancorp, Inc. and Evolve Bank & Trust for deficiencies in the bank�s anti-money laundering, risk management, and consumer compliance programs. www.federalreserve.gov/newsevents/pressreleases/enforcement20240614a.htm
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June 13, 2024 - Austan D. Goolsbee, president and chief executive officer of the Federal Reserve Bank of Chicago, will participate in a monetary policy discussion at the 2024 Marshall Forum at 1 p.m. CT on June 18, 2024 on the University of Chicago campus. www.chicagofed.org/publications/speeches/2024/june-18-marshall-forum

June 13, 2024 - Austan D. Goolsbee, president and chief executive officer of the Federal Reserve Bank of Chicago, will participate in a fireside chat at the Iowa Farm Bureau Economic Summit on June 14, 2024, at 1 p.m. CT in Ankeny, Iowa. www.chicagofed.org/publications/speeches/2024/june-14-iowa-farm-bureau-economic-summit

June 13, 2024 - 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 109f the Riegle-Neal Interstate Banking and Branching Efficiency Act of 1994.  www.occ.gov/news-issuances/bulletins/2024/bulletin-2024-14.html 

June 13, 2024 - Legal Interpretations - Bank Holding Company Act, June 5, 2024. www.federalreserve.gov/supervisionreg/legalinterpretations/bhc_changeincontrol2024.htm

June 13, 2024 - Revised �A Guide to HMDA Reporting: Getting It Right!� - The Task Force on Consumer Compliance of the Federal Financial Institutions Examination Council recently developed a revised version of �A Guide to HMDA Reporting: Getting It Right!� www.federalreserve.gov/supervisionreg/caletters/caltr2403.htm

June 12, 2024 - Acting Comptroller Testifies on FDIC Work Culture - Acting Comptroller of the Currency Michael J. Hsu today testified before the Committee on Financial Services of the U.S. House of Representatives in his capacity as the Co-Chair, Special Committee of the FDIC on the FDIC work culture. www.occ.gov/news-issuances/news-releases/2024/nr-occ-2024-62.html

June 12, 2024 - Guidan- ce to Help Financial Institutions and Facilitate Recovery in Areas of Mississippi Affected by Severe Storms, Straight-line Winds, Tornadoes, and Flooding.   www.fdic.gov/news/financial-institution-letters/guidance-help-financial-institutions-and-facilitate-recovery-9

June 12, 2024 - Federal Reserve Board and Federal Open Market Committee release economic projections from the June 11-12 FOMC meeting.  www.federalreserve.gov/newsevents/pressreleases/monetary20240612b.htm

June 12, 2024 - Federal Reserve issues FOMC statement - Recent indicators suggest that economic activity has continued to expand at a solid pace. www.federalreserve.gov/newsevents/pressreleases/monetary20240612a.htm

June 11, 2024 - Reports to Congress Pursuant to Section 13(3) of the Federal Reserve Act in response to COVID-19.  www.federalreserve.gov/publications/reports-to-congress-in-response-to-covid-19.htm

June 11, 2024 - Report to Congress Pursuant to Section 13(3) of the Federal Reserve Act: Bank Term Funding Program.  www.federalreserve.gov/publications/files/13-3-report-btfp-20240611.pdf

June 7, 2024 - NCUA Charters Fair Break Federal Credit Union - The National Credit Union Administration has granted a federal charter and Share Insurance Fund coverage to Fair Break Federal Credit Union in Memphis, Tenn. https://ncua.gov/newsroom/press-release/2024/ncua-charters-fair-break-federal-credit-union

June 7, 2024 - Statistical Release - Consumer Credit - G.19 - Beginning with the April 2024 G.19 Consumer Credit release, published on June 7, 2024, data for the Finance Companies New Car Loan Terms of Credit series is produced from Experian's Velocity Risk Report instead of Experian's Autocount Risk Report. www.federalreserve.gov/releases/g19/current/default.htm

June 7, 2024 - FOIA - Chair Powell's calendar, April 2024 www.federalreserve.gov/foia/chairman-powell-calendar.htm

June 7, 2024 - Credit and Liquidity Programs and the Balance Sheet - Recent balance sheet trends, weekly chart update.  www.federalreserve.gov/releases/z1/

June 7, 2024 - A New Class of Trailblazers - Governor Lisa D. Cook At the Girls Global Academy 2024 Commencement Ceremony, Washington, D.C. www.federalreserve.gov/newsevents/speech/cook20240607a.htm

June 6, 2024 - Acting Comptroller Discusses Artificial Intelligence and Financial Stability - Acting Comptroller of the Currency Michael J. Hsu today discussed systemic risk implications of artificial intelligence in banking and finance via livestream at the Financial Stability Oversight Council�s AI Conference. www.occ.gov/news-issuances/news-releases/2024/nr-occ-2024-61.html

June 6, 2024 - Acting Comptroller Discusses Improving Consumer Financial Health.  www.occ.gov/news-issuances/news-releases/2024/nr-occ-2024-60.html

June 6, 2024 - Federal Reserve Board announces approval of application by VersaHoldings US Corp. - The Federal Reserve Board on Thursday announced its approval of the application by VersaHoldings US Corp., of Wilmington, Delaware, and its parent companies GBH Inc., of Breslau, Canada, and VersaBank, of London, Canada, to acquire Stearns Bank Holdingford National Association, located in Holdingford, Minnesota. www.federalreserve.gov/newsevents/pressreleases/orders20240606a.htm

June 6, 2024 - Federal Reserve Board announces that results from its annual bank stress tests will be released on Wednesday, June 26, at 4:30 p.m. EDT.  www.federalreserve.gov/newsevents/pressreleases/bcreg20240606a.htm
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June 6, 2024 - Acting Comptroller Discusses Improving Consumer Financial Health - Mr. Hsu's written remarks in support of his presentation discussed the Office of the Comptroller of the Currency�s work to describe financial health and develop measures of financial health that banks may voluntarily use to support the financial stability, resilience, and security of their customers. www.occ.gov/news-issuances/news-releases/2024/nr-occ-2024-60.html

June 5, 2024 - Credit Union Assets, Lending, Insured Shares, Delinquencies Grow - According to the latest financial performance data released today by the National Credit Union Administration, total assets in federally insured credit unions rose by $96 billion, or 4.4 percent, over the year ending in the first quarter of 2024 to $2.31 trillion.  https://ncua.gov/newsroom/press-release/2024/credit-union-assets-lending-insured-shares-delinquencies-grow  

June 5, 2024 - OCC Hosts Mutual Savings Association Advisory Committee Meeting June 24 - The meeting, which will be hosted in person and virtually, is open to the public and will begin at 1:30 p.m. Eastern Daylight Time.  www.occ.gov/news-issuances/news-releases/2024/nr-occ-2024-59.html

June 5, 2024 - Guidance to Help Financial Institutions and Facilitate Recovery in Areas of Arkansas Affected by Severe Storms, Straight-line Winds, Tornadoes, and Flooding.   www.fdic.gov/news/financial-institution-letters/guidance-help-financial-institutions-and-facilitate-recovery-8

June 5, 2024 - FDIC Survey Highlights Potential Bankable Moments at IRS�s Volunteer Income Tax Assistance Providers - The Federal Deposit Insurance Corporation released a report today providing insight into the role the Internal Revenue Service�s Volunteer Income Tax Assistance providers have in helping unbanked Americans access banking products and services. www.fdic.gov/news/press-releases/fdic-survey-highlights-potential-bankable-moments-irss-volunteer-income-tax

June 5, 2024 - FDIC Issues List of Banks Examined for CRA Compliance - The list covers evaluation ratings that the FDIC assigned to institutions in March 2024. www.fdic.gov/news/press-releases/fdic-issues-list-banks-examined-cra-compliance-0

June 4, 2024 - First Vice President, COO and Fed System Treasury Director Kathy O�Neill to Retire - The Federal Reserve Bank of St. Louis today announced First Vice President, Chief Operating Officer and Federal Reserve System Treasury Director Kathy O�Neill intends to retire effective Aug. 15, 2024. www.stlouisfed.org/news-releases/2024/06/first-vice-president-kathy-oneill-to-retire

June 3, 2024 - NCUA�s MDI Awareness Month Activities Highlight Service, Partnerships, and Progress - June is Minority Depository Institution Awareness Month at the National Credit Union Administration, and the agency will feature activities and events highlighting the essential role MDIs play in their communities. https://ncua.gov/newsroom/press-release/2024/ncuas-mdi-awareness-month-activities-highlight-service-partnerships-and-progress

June 3, 2024 - OCC Releases CRA Evaluations for 19 National Banks and Federal Savings Associations - Of the 19 evaluations made public this month, 0 are rated needs to improve, 11 are rated satisfactory, and eight are rated outstanding. www.occ.gov/news-issuances/news-releases/2024/nr-occ-2024-58.html