Bank Regulatory Press Releases

The E-mail Banking News
(Bank Regulatory News)
March 2018

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March 30, 2018 - Midwest Economy Index Points to a Pickup in Growth in February - The Midwest Economy Index moved up to +0.44 in February from +0.34 in January. Contributions to the February MEI from three of the four broad sectors of nonfarm business activity and three of the five Seventh Federal Reserve District states increased from January. www.chicagofed.org/~/media/publications/mei/2018/mei-february2018-pdf.pdf

March 30, 2018 - NCUA Issues Prohibition Notices - The National Credit Union Administration issued three notices of prohibition in March. These individuals are prohibited from participating in the affairs of any federally insured financial institution. www.ncua.gov/newsroom/Pages/news-2018-march-ncua-issues-prohibition-notices.aspx

March 30, 2018 - DEPOSITORY INSTITUTION REPORTS - The Federal Financial Institutions Examination Council has approved the implementation of additional burden-reducing revisions to all three versions of the Call Report. www.fdic.gov/news/news/financial/2018/fil18012.html

March 30, 2018 - Revisions to the Consolidated Reports of Condition and Income for June 2018; Webinar on April 5, 2018 - As part of an ongoing effort to ease reporting requirements and lessen reporting burden, the federal banking agencies, under the auspices of the Federal Financial Institutions Examination Council, have finalized additional burden-reducing revisions to all three versions of the Consolidated Reports of Condition and Income that will take effect June 30, 2018.
Press Release: www.fdic.gov/news/news/financial/2018/fil18013.html
Press Release: www.ffiec.gov/press/pr033018.htm

March 30, 2018 - FDIC Makes Public February Enforcement Actions - The Federal Deposit Insurance Corporation today released a list of orders of administrative enforcement actions taken against banks and individuals. There are no administrative hearings scheduled for April 2018. www.fdic.gov/news/news/press/2018/pr18022.html

March 30, 2018 - Report to the Congress - Report to the Congress on the Office of Minority and Women Inclusion. www.federalreserve.gov/publications/minority-women-inclusion.htm

March 30, 2018 - Statistical Release - Finance Companies - G.20. www.federalreserve.gov/releases/g20/current/

March 30, 2018 - Credit and Liquidity Programs and the Balance Sheet - Recent balance sheet trends, weekly chart update. www.federalreserve.gov/monetarypolicy/bst_recenttrends.htm

March 30, 2018 - Discount Window Lending - 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

March 30, 2018 - Publications - Semiannual Report on Banking Applications Activity - This report provides information regarding the applications filed by banking organizations and reviewed by the Federal Reserve as of the most recent reporting period ending on June 30 and December 31 of each calendar year. www.federalreserve.gov/publications/semiannual-report-on-banking-applications-activity.htm

March 29, 2018 - Federal Reserve to study payments fraud and security vulnerabilities - The Federal Reserve announced today that work will begin this month on a new study that will measure fraud and associated costs in the U.S. payments system and identify the causes and contributing factors to fraud. www.federalreserve.gov/newsevents/pressreleases/other20180329a.htm

March 29, 2018 - Legal Intrepretations - Bank Holding Company Act, January 18 and March 6, 2018./ www.federalreserve.gov/supervisionreg/legalinterpretations/bhc_changeincontrol2018.htm

March 29, 2018 - Emerging Trends in the U.S. and Colorado By Alison Felix. www.kansascityfed.org/~/media/files/publicat/speeches/2018/2018-felix-empcouncil-03-29.pdf

March 29, 2018 - U.S. and Ardmore Area Economic Update By Chad Wilkerson. www.kansascityfed.org/~/media/files/publicat/speeches/2018/2018-wilkerson-ardmore-forum-03-18.pdf

March 29, 2018 - Surveys and Reports - Senior Credit Officer Opinion Survey on Dealer Financing Terms, March 2018 - The March 2018 Senior Credit Officer Opinion Survey on Dealer Financing Terms collected qualitative information on changes over the previous three months in credit terms and conditions in securities financing and over-the-counter derivatives markets. www.federalreserve.gov/data/scoos/scoos_201803.htm

March 29, 2018 - St. Louis Fed’s New ‘Women in Economics’ Podcasts Urge Women, Minorities to Study Economics - Less than a third of the students who graduate with bachelor’s degrees in economics are women. www.stlouisfed.org/news-releases/2018/03/29/st-louis-fed-new-women-in-economics-podcasts-urge-women-minorities-to-study-economics
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March 29, 2018 - Federal Reserve to study payments fraud and security vulnerabilities - The Federal Reserve announced today that work will begin this month on a new study that will measure fraud and associated costs in the U.S. payments system and identify the causes and contributing factors to fraud. www.federalreserve.gov/newsevents/pressreleases/other20180329a.htm

March 28, 2018 - The Fed Releases Housing Market Perspectives and Looks at Tax Breaks - The new Mortgage Interest Deduction seems popular with the public but disliked by economists. www.stlouisfed.org/news-releases/2018/03/28/the-fed-releases-housing-market-perspectives-and-looks-at-tax-breaks

March 28, 2018 - FDIC Announces Settlement with Cross River Bank, Teaneck, New Jersey, and Freedom Financial Asset Management, LLC, San Mateo, California, for Unfair and Deceptive Practices - Settlement awards restitution to harmed consumers and requires the bank to provide increased oversight of third-party providers - The Federal Deposit Insurance Corporation announced settlements with Cross River Bank, Teaneck, New Jersey, and its institution-affiliated party, Freedom Financial Asset Management, LLC, San Mateo, California, for unfair and deceptive practices in violation of Section 5 of the Federal Trade Commission Act related to the marketing and origination of Consolidation Plus Loans. www.fdic.gov/news/news/press/2018/pr18021.html

March 28, 2018 - Searching for Yield Abroad: Risk-Taking Through Foreign Investment in U.S. Bonds - John Ammer, Stijn Claessens, Alexandra Tabova, and Caleb Wroblewski - The risk-taking effects of low interest rates, now prevailing in many advanced countries, "search-for-yield," can be hard to analyze due to both a paucity of data and challenges in identification. www.federalreserve.gov/econres/ifdp/files/ifdp1224.pdf

March 27, 2018 - OCC Hosts Compliance and Operational Risk Workshops in Memphis - The Office of the Comptroller of the Currency will host two workshops in Memphis, Tenn., at the DoubleTree Memphis Downtown, May 8 and 9, for directors of national community banks and federal savings associations supervised by the OCC. www.occ.gov/news-issuances/news-releases/2018/nr-occ-2018-32.html

March 27, 2018 - FDIC Announces Retirement of Barbara A. Ryan, Deputy to the Chairman and Chief Operating Officer/Chief of Staff. www.fdic.gov/news/news/press/2018/pr18020.html

March 27, 2018 - Mobile Banking: A Closer Look at Survey Measures - Ellen A. Merry - The growing use of smartphones and the Internet has brought rapid change to financial services. www.federalreserve.gov/econres/notes/feds-notes/mobile-banking-a-closer-look-at-survey-measures-20180327.htm

March 26, 2018 - Speech by Vice Chairman for Supervision Quarles on the roles of consumer protection and small business access to credit in financial inclusion. www.federalreserve.gov/newsevents/speech/quarles20180326a.htm

March 26, 2018 - Chicago Fed National Activity Index Points to a Pickup in Economic Growth in February Led by improvements in production-related indicators, the Chicago Fed National Activity Index rose to +0.88 in February from +0.02 in January. www.chicagofed.org/~/media/publications/cfnai/2018/cfnai-march2018-pdf.pdf

March 26, 2018 - OCC Hosts California Workshop for Board Directors and Bank Management - The Office of the Comptroller of the Currency will host a workshop in Glendale, Calif., at the Hilton Los Angeles North/Glendale, May 1-2, for directors, senior management team members, and other key executives of national community banks and federal savings associations supervised by the OCC. www.occ.gov/news-issuances/news-releases/2018/nr-occ-2018-31.html

March 26, 2018 - Federal Reserve Board announces it is seeking to fine, permanently bar 2 former Regions Bank employees from banking industry - The Federal Reserve Board on Monday announced that it is seeking to permanently bar Nathaniel Frazier and Jeffrey Garrison, former employees of Regions Bank, Birmingham, Alabama, from employment in the banking industry and to impose a fine of $18,936 against Frazier and $9,468 against Garrison. www.federalreserve.gov/newsevents/pressreleases/enforcement20180326a.htm

March 23, 2018 - Chicago Fed 2017 Financial Statements Now Online As of and for the Years Ended December 31, 2017 and 2016 and Independent Auditors’ Report.   www.federalreserve.gov/aboutthefed/files/chicagofinstmt2017.pdf

March 23, 2018 - OCC Reports Fourth Quarter 2017 Bank Trading Revenue - The Office of the Comptroller of the Currency reported trading revenue of U.S. commercial banks and federal savings associations of $5 billion in the fourth quarter 2017, $1.4 billion, or 21.2 percent, lower than the previous quarter. www.occ.gov/news-issuances/news-releases/2018/nr-occ-2018-30.html

March 23, 2018 - Statistical Release - G.17 Annual Revision - Industrial Production and Capacity Utilization: The 2018 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

March 23, 2018 - Credit and Liquidity Programs and the Balance Sheet - Recent balance sheet trends, weekly chart update. www.federalreserve.gov/monetarypolicy/bst_recenttrends.htm

March 23, 2018 - Spectral backtests of forecast distributions with application to risk management - Michael B. Gordy and Alexander J. McNeil - We study a class of backtests for forecast distributions in which the test statistic is a spectral transformation that weights exceedance events by a function of the modeled probability level. www.federalreserve.gov/econres/feds/files/2018021pap.pdf

March 23, 2018 - Federal Reserve System publishes annual financial statements - The Federal Reserve System on Friday released the 2017 combined annual audited financial statements for the Federal Reserve Banks, as well as statements for the 12 individual Federal Reserve Banks and the Board of Governors. www.federalreserve.gov/newsevents/pressreleases/other20180323a.htm

March 22, 2018 - FFIEC Provides Update on Examination Modernization Project - The Federal Financial Institutions Examination Council has announced an update on the status of its Examination Modernization Project.
www.fdic.gov/news/news/financial/2018/fil18011.html
www.ffiec.gov/press/pr032218.htm
www.ncua.gov/newsroom/Pages/news-2018-march-ffiec-provides-update-examination-modernization-project.aspx

March 22, 2018 - Federal Reserve Board approves action by the Boards of Directors of the Federal Reserve Banks of Chicago and Minneapolis.   www.federalreserve.gov/newsevents/pressreleases/monetary20180322a.htm

March 22, 2018 - Federal Reserve Board seeks to permanently bar former employee of Frost Bank from employment in banking industry - The Federal Reserve Board on Thursday announced that it is seeking to permanently bar Raysol Villalobos (a/k/a Ray Galvan), a former employee of Frost Bank, San Antonio, Texas, from employment in the banking industry and to impose a $9,819 fine on him and require him to pay $35,000 in restitution to Frost Bank. www.federalreserve.gov/newsevents/pressreleases/enforcement20180322a.htm
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March 21, 2018 - Inspired by the popularity of Hamilton the musical, the Money Museum has introduced a special exhibit of Alexander Halilton. - Learn about the man who inspired the musical and see what it meant for him to be the Secretary of the U.S. Treasury. www.chicagofed.org/education/money-museum/index

March 21, 2018 - Notice of a Meeting under Expedited Procedures - A closed meeting of the Board of Governors of the Federal Reserve System was held at on March 20, 2018 and continued at 9:00 a.m. on March 21, 2018. Matter(s) considered: Discussion of Monetary Policy Issues. www.federalreserve.gov/recentpostings.htm

March 21, 2018 - Federal Reserve Board and Federal Open Market Committee release economic projections from the March 20-21 FOMC meeting.   www.federalreserve.gov/newsevents/pressreleases/monetary20180321b.htm

March 21, 2018 - Federal Reserve issues FOMC statement -nInformation received since the Federal Open Market Committee met in January indicates that the labor market has continued to strengthen and that economic activity has been rising at a moderate rate. www.federalreserve.gov/newsevents/pressreleases/monetary20180321a.htm

March 20, 2018 - Federal Reserve Board announces approval of application by The Charles Schwab Corporation. www.federalreserve.gov/newsevents/pressreleases/orders20180320a.htm

March 20, 2018 - NCUA Releases 2017 Annual Report - The National Credit Union Administration today released its 2017 Annual Report, highlighting the agency’s activities, policy initiatives and accomplishments for 2017. www.ncua.gov/newsroom/Pages/news-2018-march-ncua-releases-2017-annual-report.aspx

March 19, 2018 - NCUA - February 2018 NCUA Board Meeting Video Available - The video recording of the Feb. 15, 2018, open meeting of the National Credit Union Administration Board is now available on the agency’s website. www.ncua.gov/newsroom/Pages/news-2018-march-february-board-meeting-video-available.aspx

March 16, 2018 - NCUA - First CDFI Qualification Round Opens March 19 - Federally insured, low-income credit unions interested in becoming certified community development financial institutions may be eligible to use the National Credit Union Administration’s streamlined application. www.ncua.gov/newsroom/Pages/news-2018-march-first-cdfi-qualification-round-opens-march-19.aspx

March 16, 2018 - OCC Enforcement Actions and Terminations for March 2018 - 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/2018/nr-occ-2018-29.html

March 16, 2018 - 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 March 20, 2018. Matter(s) considered: Discussion of Monetary Policy Issues. www.federalreserve.gov/aboutthefed/boardmeetings/20180320closed.htm

March 16, 2018 - Credit and Liquidity Programs and the Balance Sheet - Recent balance sheet trends, weekly chart update. www.federalreserve.gov/monetarypolicy/bst_recenttrends.htm

March 16, 2018 - Statistical Release - Industrial Production and Capacity Utilization - G.17 - ndustrial production rose 1.1 percent in February following a decline of 0.3 percent in January. Manufacturing production increased 1.2 percent in February, its largest gain since October. www.federalreserve.gov/releases/g17/Current/default.htm

March 15, 2018 - Money Smart Week will be held from April 21-28 2018. Money Smart Week helps consumers better manage their personal finances. www.moneysmartweek.org/

March 15, 2018 - OCC Reports Mortgage Performance Unchanged - Performance of first-lien mortgages remained largely unchanged during the fourth quarter of 2017 compared with a year earlier, according to the Office of the Comptroller of the Currency’s quarterly report on mortgages. www.occ.gov/news-issuances/news-releases/2018/nr-occ-2018-28.html

March 15, 2018 - Maureen Whalen Named Deputy Comptroller for External Governance and the Ombudsman Office - The Office of the Comptroller of the Currency announced today that Maureen Whalen has been appointed Deputy Comptroller for External Governance and the Ombudsman Office, effective June 10, 2018. www.occ.gov/news-issuances/news-releases/2018/nr-occ-2018-27.html
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March 16, 2018 - OCC Enforcement Actions and Terminations for March 2018 - 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/2018/nr-occ-2018-29.html

March 15, 2018 - Household Inequality and the Consumption Response to Aggregate Real Shocks By Gene Amromin , Mariacristina De Nardi , Karl Schulze - The drop in output and consumption that occurred during the Great Recession has been large and prolonged. www.chicagofed.org/publications/economic-perspectives/2018/1

March 15, 2018 - OCC Reports Mortgage Performance Unchanged - Performance of first-lien mortgages remained largely unchanged during the fourth quarter of 2017 compared with a year earlier, according to the Office of the Comptroller of the Currency’s quarterly report on mortgages. www.occ.gov/news-issuances/news-releases/2018/nr-occ-2018-28.html

March 15, 2018 - Maureen Whalen Named Deputy Comptroller for External Governance and the Ombudsman Office - The Office of the Comptroller of the Currency announced today that Maureen Whalen has been appointed Deputy Comptroller for External Governance and the Ombudsman Office, effective June 10, 2018. www.occ.gov/news-issuances/news-releases/2018/nr-occ-2018-27.html

March 15, 2018 - OCC Hosts Risk Governance and Credit Risk Workshops in Florida - The Office of the Comptroller of the Currency will host two workshops at the Holiday Inn Fort Walton Beach, Fort Walton Beach, Fla., April 24-25, for directors of national community banks and federal savings associations supervised by the OCC. www.occ.gov/news-issuances/news-releases/2018/nr-occ-2018-26.html

March 15, 2018 - NCUA Board Seeks Comments on Possible Credit Union Bylaws Changes - Credit Union Stakeholders Can Also Comment on a Proposal to Improve Procurement Process - The National Credit Union Administration Board held its third open meeting of 2018 at the agency’s headquarters here today and unanimously approved two items: www.ncua.gov/newsroom/Pages/news-2018-march-board-seeks-comments-possible-credit-union-bylaw-changes.aspx

March 14, 2018 - NCUA - Beverly Bus Garage Federal Credit Union Conserved - The National Credit Union Administration today placed Beverly Bus Garage Federal Credit Union, in Chicago, Illinois, into conservatorship. www.ncua.gov/newsroom/Pages/news-2018-march-beverly-bus-garage.aspx

March 14, 2018 - The Winds of Change for Community Banking Headwinds, Tailwinds, and Regulation By Romel Bonilla , Jenna Cooper , Adam Emmerich , Theresa Hembd , Pamela Kennedy , Blake Marquart , Joseph Nashar - The 12th annual Community Bankers Symposium, cosponsored by the Federal Reserve Bank of Chicago, the Federal Deposit Insurance Corporation, and the Office of the Comptroller of the Currency was held at the Chicago Fed on November 17, 2017. www.chicagofed.org/publications/chicago-fed-letter/2018/394

March 14, 2018 - OCC Hosts Compliance and Operational Risk Workshops in Indianapolis - The Office of the Comptroller of the Currency will host two workshops in Indianapolis at the Crowne Plaza Indianapolis Airport, Indianapolis, Ind., April 17 and 18, for directors of national community banks and federal savings associations supervised by the OCC. www.occ.gov/news-issuances/news-releases/2018/nr-occ-2018-25.html

March 13, 2018 - NCUA - State Credit Union Data Show Loan Growth Continues in Fourth Quarter of 2017 - Federally insured credit unions across the country saw continued loan growth in the fourth quarter, according to state-level data compiled by the National Credit Union Administration and released today. www.ncua.gov/newsroom/Pages/news-2018-march-state-credit-union-data-loan-growth-fourth-quarter-2017.aspx

March 13, 2018 - NCUA Board Adds to Closed Meeting Agenda - The National Credit Union Administration Board has added a second item to the agenda for its closed meeting scheduled for Wednesday, March 14, beginning at 1:30 p.m. Eastern. www.ncua.gov/newsroom/Pages/news-2018-march-board-adds-closed-meeting-agenda.aspx

March 13, 2018 - Federal Reserve issues enforcement action with Industrial and Commercial Bank of China Ltd. www.federalreserve.gov/newsevents/pressreleases/enforcement20180313a.htm

March 12, 2018 - Notice of a Meeting under Expedited Procedures - A closed meeting of the Board of Governors of the Federal Reserve System was held at 11:15 a.m. on March 12, 2018. 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/20180312closed.htm

March 9, 2018 - Chicago Fed’s Charles Evans Talks about Monetary Policy during March 9 Speech in New York - Some Practical Considerations for Monetary Policy Frameworks
A speech delivered on March 9, 2018, before the Manhattan Institute Shadow Open Market Committee in New York City. www.chicagofed.org/publications/speeches/2018/03-09-2018-some-practical-considerations-monetary-policy-frameworks-shadow-open-market-committee

March 9, 2018 - Home Mortgage Disclosure Act: FFIEC’s Revised 'A Guide to HMDA Reporting: Getting It Right!' - The Office of the Comptroller of the Currency is announcing the issuance of the Federal Financial Institutions Examination Council’s revised “A Guide to HMDA Reporting: Getting It Right!,” which reflects the new reporting requirements set forth in the October 2015 Home Mortgage Disclosure Act Final Rule as amended in 2017. www.occ.treas.gov/news-issuances/bulletins/2018/bulletin-2018-6.html

March 9, 2018 - Federal Reserve Vice Chair Quarles to Speak at 2018 Fed/CSBS Community Banking Research Conference - Federal Reserve Vice Chair for Supervision Randal K. Quarles will deliver one of the keynote addresses during the sixth annual Community Banking in the 21st Century research and policy conference that will be held Oct. 3-4 at the Federal Reserve Bank of St. Louis. www.stlouisfed.org/news-releases/2018/03/9/federal-reserve-vice-chair-quarles-to-speak-at-2018-fed-csbs-community-banking-research-conference

March 9, 2018 - Credit and Liquidity Programs and the Balance Sheet - Recent balance sheet trends, weekly chart update. www.federalreserve.gov/monetarypolicy/bst_recenttrends.htm

March 9, 2018 - Help Wanted: Evaluating Labor Shortages in Manufacturing - Maria D. Tito1 - According to the latest data from the Labor Department's Job Openings and Labor Turnover Survey, the number of job openings in manufacturing decreased in December, while the number of hires moved up. www.federalreserve.gov/econres/notes/feds-notes/evaluating-labor-shortages-in-manufacturing-20180309.htm

March 9, 2018 - Should We Be Concerned Again About U.S. Current Account Sustainability? - Shaghil Ahmed, Carol Bertaut, Jessica Liu, and Robert Vigfusson - The U.S. net international investment position the difference between a country's external financial assets and liabilities--as a share of GDP in recent years has resumed its earlier deteriorating trend. www.federalreserve.gov/econres/notes/ifdp-notes/should-we-be-concerned-again-about-u-s-current-account-sustainability-20180309.htm

March 9, 2018 - Supervision Manuals - Commercial Bank Examination Manual -- January 2018 update - Effective December 31, 2017, the Board will no longer offer print versions or subscriptions for the Commercial Bank Examination Manual. You can still access the manual on the Board's website below. www.federalreserve.gov/publications/supervision_cbem.htm

March 9, 2018 - The Impact 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 - The new forward-looking credit loss provisioning standard, CECL, is intended to promote proactive provisioning as loan loss reserves can be conditioned on expectations of the economic cycle. www.federalreserve.gov/econres/feds/files/2018020pap.pdf

March 9, 2018 - "Unconventional" Monetary Policy as Conventional Monetary Policy: A Perspective from the U.S. in the 1920s - Mark Carlson and Burcu Duygan-Bump - To implement monetary policy in the 1920s, the Federal Reserve utilized administered interest rates and conducted open market operations in both government securities and private money market securities, sometimes in fairly considerable amounts. www.federalreserve.gov/econres/feds/files/2018019pap.pdf

March 9, 2018 - Liquidity Requirements, Free-Riding, and the Implications for Financial Stability Evidence from the early 1900s - Mark Carlson and Matthew Jaremski - Maintaining sufficient liquidity in the financial system is vital for financial stability. www.federalreserve.gov/econres/feds/files/2018018pap.pdf

March 9, 2018 - Federal Reserve Board announces it will not object to the capital plan resubmitted by Capital One Financial Corporation - The Federal Reserve Board announced on Friday that it will not object to the capital plan resubmitted by Capital One Financial Corporation, as a result of progress in addressing deficiencies in last year's Comprehensive Capital Analysis and Review www.federalreserve.gov/newsevents/pressreleases/bcreg20180309a.htm

March 8, 2018 - The U.S Economic Outlook and Monetary Policy Esther L. George President and Chief Executive Officer Federal Reserve Bank of Kansas City https://www.kansascityfed.org/~/media/files/publicat/speeches/2018/2018-george-lincoln-03-08.pdf
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March 8, 2018 - Statistical Release - Financial Accounts of the United States - Z.1 - The Financial Accounts of the United States includes data on the flow of funds 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

March 8, 2018 - 2018 Chief FOIA Officer Report - Margaret McCloskey Shanks, Deputy Secretary and Chief FOIA Officer for the Board of Governors of the Federal Reserve System, hereby submits the Chief FOIA Officer Report on behalf of the Board. www.federalreserve.gov/foia/foia-officer-report-2018.htm

March 8, 2018 - Liquidity Crises in the Mortgage Market - You Suk Kim, Steven M. Laufer, Karen Pence, Richard Stanton, and Nancy Wallace - Nonbanks originated about half of all mortgages in 2016, and 75% of mortgages insured by the FHA or VA. www.federalreserve.gov/econres/feds/files/2018016pap.pdf

March 8, 2018 - 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 12:00 p.m. on March 12, 2018. 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/20180312closed.htm

March 8, 2018 - Federal Reserve Board announces termination of enforcement action with Royal Bank of Scotland Group.   www.federalreserve.gov/newsevents/pressreleases/enforcement20180308a.htm

March 7, 2018 - Chicago Fed Survey of Business Conditions - Survey shows steady growth in January and early February - The Chicago Fed Survey of Business Conditions Activity Index edged down to +22 from +25, suggesting that growth in economic activity continued at a moderate pace in January and early February. www.chicagofed.org/~/media/publications/cfsbc/2018/cfsbc-march2018-pdf.pdf

March 7, 2018 - NCUA Board Re-Schedules March Closed Meeting - The March closed meeting will be held Wednesday, March 14, beginning at 1:30 p.m. Eastern. www.ncua.gov/newsroom/Pages/news-2018-ncua-board-reschedules-march-closed-meeting.aspx

March 7, 2018 - FDIC Announces Settlement with The Bancorp Bank, Wilmington, Delaware, for Unfair and Deceptive Practices - Harmed consumers to receive approximately $1.3 million in restitution - The Federal Deposit Insurance Corporation announced a settlement with The Bancorp Bank, Wilmington, Delaware, relating to unfair and deceptive practices in violation of Section 5 of the Federal Trade Commission Act (Section 5). www.fdic.gov/news/news/press/2018/pr18019.html

March 7, 2018 - Statistical Release - Consumer Credit - G.19 In January, consumer credit increased at a seasonally adjusted annual rate of 4-1/4 percent. Revolving credit increased at an annual rate of 3/4 percent, while nonrevolving credit increased at an annual rate of 5-1/2 percent. www.federalreserve.gov/releases/g19/current/default.htm

March 7, 2018 - Beige Book - Informal review by the Federal Reserve Banks of current economic conditions in their Districts Summary of Commentary on Current Economic Conditions by Federal Reserve District - Commonly known as the Beige Book, this report is published eight times per year. www.federalreserve.gov/monetarypolicy/beige-book-default.htm

March 7, 2018 - Measuring Early-Stage Business Formation - Kimberly Bayard, Emin Dinlersoz (U.S. Census Bureau), Timothy Dunne (University of Notre Dame), John Haltiwanger (University of Maryland), Javier Miranda (U.S. Census Bureau), and John Stevens - New businesses play an important role in overall economic activity. www.federalreserve.gov/econres/notes/feds-notes/measuring-early-stage-business-formation-20180307.htm

March 7, 2018 - FOIA - 2018 Currency Budget. www.federalreserve.gov/foia/budgets.htm

March 6, 2018 - St. Louis Fed’s Kevin L. Kliesen wins 2018 Daniel Meckstroth Award for Excellence in Manufacturing Research - Business Economist and Research Officer Kevin L. Kliesen at the Federal Reserve Bank of St. Louis, is the winner of the 2018 Daniel Meckstroth Award based on his paper, “Is American Manufacturing in Decline?” www.stlouisfed.org/news-releases/2018/03/06/st-louis-feds-business-economist-kevin-l-kliesen-wins-2018-daniel-meckstroth-award

March 6, 2018 - New “Demographics of Wealth” Report Reveals a Financial Head Start for Some Begins At Birth - A new Demographics of Wealth report by the St. Louis Fed’s Center for Household Financial Stability documents how the education of one’s parents, along with race or ethnicity, can influence the earning and wealth-building power of college for their adult children. www.stlouisfed.org/news-releases/2018/03/06/demographics-of-wealth-essay-series-1-of-3-financial-head-start-may-begin-at-birth

March 6, 2018 - Speech by Governor Lael Brainard - Navigating Monetary Policy as Headwinds Shift to Tailwinds At the Money Marketeers of New York University, New York, New York.   www.federalreserve.gov/newsevents/speech/brainard20180306a.htm

March 6, 2018 - 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/caltr1802.htm

March 6, 2018 - Report to the Congress on Implementation of Enhanced Prudential Standards, January 2018 - Discusses the implementation of enhanced prudential standards under section 165 of the Dodd-Frank Wall Street Reform and Consumer Protection Act. www.federalreserve.gov/publications/report-to-the-congress-on-implementation-of-enhanced-prudential-standards.htm

March 6, 2018 - Stock Market Cross-Sectional Skewness and Business Cycle Fluctuations - Thiago R. T. Ferreira - Using U.S. data from 1926 to 2015, I show that financial skewness--a measure comparing cross-sectional upside and downside risks of the distribution of stock market returns of financial firms--is a powerful predictor of business cycle fluctuations. www.federalreserve.gov/econres/ifdp/files/ifdp1223.pdf

March 6, 2018 - Federal Reserve Board requests comments on amendments to simplify Regulation J and make it conform more closely with Regulation CC - The proposed amendments are intended to align the rights and obligations of parties, including the Federal Reserve Banks, with the Board's 2017 amendments to Regulation CC, which reflected the evolution of the nation's check collection system from one that is largely paper-based to one that is virtually all electronic. www.federalreserve.gov/newsevents/pressreleases/bcreg20180306a.htm

March 6, 2018 - Federal Reserve Board announces termination of enforcement action with Trinity Capital Corporation.   www.federalreserve.gov/newsevents/pressreleases/enforcement20180306a.htm

March 5, 2018 - Updated and Expanded Web Tool Helps Cities Find Peers with Similar Challenges - The Web-based tool that helps users identify municipalities with similar economic, demographic and labor characteristics has been expanded significantly and now includes data on 960 cities across the U.S. www.chicagofed.org/publications/news/2018/pcit-release-3-5-18

March 5, 2018 - NCUA Releases Q4 2017 Credit Union System Performance Data - Data on the financial performance of federally insured credit unions in the quarter ending Dec. 31, 2017, are now available from the National Credit Union Administration. www.ncua.gov/newsroom/Pages/news-2018-march-ncua-releases-q4-2017-credit-union-system-performance-data.aspx

March 5, 2018 - OCC Hosts Mutual Savings Association Advisory Committee Meeting on March 21 - The Office of the Comptroller of the Currency today announced it will host a public meeting of the Mutual Savings Association Advisory Committee on Wednesday, March 21, 2018, beginning at 8:30 a.m. Eastern Daylight Time. www.occ.gov/news-issuances/news-releases/2018/nr-occ-2018-24.html

March 5, 2018 - FFIEC Revised A Guide to HMDA Reporting: Getting It Right! - The Federal Financial Institutions Examination Council has revised A Guide to HMDA Reporting: Getting It Right! to reflect the October 2015 Home Mortgage Disclosure Act final rule, as amended in 2017. www.fdic.gov/news/news/financial/2018/fil18010.html

March 5, 2018 - FDIC Issues List of Banks Examined for CRA Compliance - The Federal Deposit Insurance Corporation today issued its list of state nonmember banks recently evaluated for compliance with the Community Reinvestment Act. www.fdic.gov/news/news/press/2018/pr18018.html

March 5, 2018 - FDIC Consumer News Features Tips on Protecting Assets - It's always important for consumers to save money for their future, keep banking and borrowing costs down, and guard their possessions from high-tech thieves in today's digital world. The Winter 2018 FDIC Consumer News includes information about: www.fdic.gov/news/news/press/2018/pr18017.html

March 5, 2018 - FDIC Provides Q&As for Consumers as Part of National Consumer Protection Week - In observance of National Consumer Protection Week March 4-10, 2018, the FDIC will post a new question and answer on a different banking topic each weekday at www.fdic.gov/ncpw. www.fdic.gov/news/news/press/2018/pr18016.html

March 5, 2018 - Regulatory Reform - Communications with the public through March 5, 2018 - The Federal Reserve Board will be involved in many rulemakings to implement the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010. www.federalreserve.gov/regreform/communications-with-public.htm

March 5, 2018 - Currency and Coin Services - 2017 data updates. www.federalreserve.gov/paymentsystems/coin_data.htm

March 5, 2018 - Early-Stage Business Formation: An Analysis of Applications for Employer Identification Numbers - Kimberly Bayard, Emin Dinlersoz, Timothy Dunne, John Haltiwanger, Javier Miranda, and John Stevens - This paper reports on the development and analysis of a newly constructed dataset on the early stages of business formation. www.federalreserve.gov/econres/feds/files/2018015pap.pdf

March 5, 2018 - Speech by Vice Chairman Quarles on the Federal Reserve’s regulatory agenda for foreign banking organizations.   www.federalreserve.gov/newsevents/speech/quarles20180305a.htm

March 2, 2018 - Comprehensive Capital Analysis and Review - Enhancements to Federal Reserve Models Used to Estimate Post-Stress Capital Ratios.   www.federalreserve.gov/supervisionreg/ccar.htm

March 2, 2018 - FOIA - Chair Yellen's calendar, January and February 2018. www.federalreserve.gov/foia/chairscalendar.htm

March 2, 2018 - Credit and Liquidity Programs and the Balance Sheet - Recent balance sheet trends, weekly chart update. www.federalreserve.gov/monetarypolicy/bst_recenttrends.htm

March 2, 2018 - Federal Advisory Council - Record of Meeting, February 9, 2018 - The Federal Advisory Council, which is composed of twelve representatives of the banking industry, consults with and advises the Board on all matters within the Board's jurisdiction. www.federalreserve.gov/aboutthefed/fac.htm
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March 1, 2018 - OCC Releases CRA Evaluations for 17 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 February 1, 2018 through February 28, 2018. www.occ.gov/news-issuances/news-releases/2018/nr-occ-2018-23.html

March 1, 2018 - Understanding the Federal Reserve and Its Role in the U.S. Economy By Alison Felix Economist and Branch Executive Federal Reserve Bank of Kansas City Denver Branch.   www.kansascityfed.org/~/media/files/publicat/speeches/2018/2018-felix-vailsympsession1-03-01.pdf

March 1, 2018 - Interest on Reserves and Arbitrage in Post-Crisis Money Markets - Thomas Keating and Marco Macchiavelli - The Federal Reserve sets the rate paid on interest on reserves as a primary tool for implementing monetary policy. www.federalreserve.gov/econres/notes/feds-notes/interest-on-reserves-and-arbitrage-in-post-crisis-money-markets-20180301.htm

March 1, 2018 - Some Characteristics of the Decline in Manufacturing Capacity Utilization - Justin Pierce and Emily Wisniewski - Capacity utilization, defined as the ratio of actual production to maximum sustainable production, has long been viewed as an important measure of slack in the economy, and the Federal Reserve Board has published capacity utilization rates for the manufacturing sector since the 1960s. www.federalreserve.gov/econres/notes/feds-notes/some-characteristics-of-the-decline-in-manufacturing-capacity-utilization-20180301.htm

March 1, 2018 - Statistical Release - Foreign Exchange Rates -- G.5 Monthly - The table below shows the average rates of exchange in FEBRUARY 2018 together with comparable figures for other months. www.federalreserve.gov/releases/g5/current/default.htm

March 1, 2018 - Fed prepares for next phase of payments security effort as Secure Payments Task Force concludes - The Secure Payments Task Force will conclude its efforts in March with a final publication consisting of a collection of educational materials outlining the lifecycles and security profiles of today's primary payment methods, the Federal Reserve announced on Thursday. https://www.federalreserve.gov/newsevents/pressreleases/other20180301a.htm

March 1, 2018 - FTC, NCUA Facebook Event Will Discuss Guarding Against Popular Financial Scams - Facebook Live is Part of National Consumer Protection Week Activities - Consumers can learn more about protecting their identity and money from popular financial scams during a live event hosted on the National Credit Union Administration’s Facebook page. www.ncua.gov/newsroom/Pages/news-2018-march-ftc-ncua-facebook-event-guarding-against-financial-scams.aspx

March 1, 2018 - NCUA Issues First Quarter Newsletter - The latest issue of The NCUA Report features a column from NCUA Board Chairman J. Mark McWatters as well as articles from several NCUA offices on the agency’s initiatives and information on regulatory, supervisory, and compliance issues affecting federally insured credit unions. www.ncua.gov/newsroom/Pages/news-2018-march-ncua-issues-first-quarter-newsletter.aspx

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