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March 29, 2019 - NCUA - C B S Employees Federal Credit Union Closes; University Assumes Shares, Loans - Members of C B S Employees Federal Credit Union are now members of University Credit Union following today’s liquidation by the National Credit Union Administration. www.ncua.gov/newsroom/press-release/2019/c-b-s-employees-federal-credit-union-closes-university-assumes-shares-loans March 29, 2019 - Midwest Economy Index - Index points to a pickup in Midwest economic growth in February - The Midwest Economy Index increased to +0.43 in February from +0.24 in January. Contributions to the February MEI from three of the four broad sectors of nonfarm business activity and four of the five Seventh Federal Reserve District states increased from January. www.chicagofed.org/~/media/publications/mei/2019/mei-february2019-pdf.pdf March 29, 2019 - NCUA Issues Prohibition Notices - The National Credit Union Administration issued two prohibition notices in March. These individuals are prohibited from participating in the affairs of any federally insured financial institution. www.ncua.gov/newsroom/press-release/2019/ncua-issues-prohibition-notices March 29, 2019 - FDIC Board Proposes Changes to Recordkeeping Requirements for Deposit Insurance Determinations - The Board of Directors of the Federal Deposit Insurance Corporation today approved proposals to amend two rules to simplify the process for making insurance determinations in the event a bank is placed into receivership. www.fdic.gov/news/news/press/2019/pr19026.html March 29, 2019 - 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 in February. There are no administrative hearings scheduled for April 2019. www.fdic.gov/news/news/press/2019/pr19025.html March 29, 2019 - Legal Developments Section 19 letters, March 29, 2019 - Letter to Ronald Murphy granting his request pursuant to section 19 of the Federal Deposit Insurance Act to remain an institution-affiliated party of State Farm Mutual Automobile Insurance Company, Bloomington, Illinois. www.federalreserve.gov/supervisionreg/legalinterpretations/bhc_changeincontrol03292019a.pdf March 29, 2019 - Report to the Congress on the Office of Minority and Women Inclusion - March 2019. www.federalreserve.gov/publications/minority-women-inclusion.htm March 29, 2019 - Credit and Liquidity Programs and the Balance Sheet - Recent balance sheet trends, weekly chart update. www.federalreserve.gov/monetarypolicy/bst_recenttrends.htm March 29, 2019 - Regulatory Reform - Discount Window Lending, 2017:Q1 - 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 29, 2019 - Semiannual Report on Banking Applications Activity: July 1-December 31, 2018 -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, 2019 - Speech by Vice Chair for Supervision Quarles on frameworks for the countercyclical capital buffer Vice Chair for Supervision Randal K. Quarles At "Strategic Approaches to the Fed's Balance Sheet and Communications" Spring 2019 Meeting of the Manhattan Institute's Shadow Open Market Committee, New York, New York. www.federalreserve.gov/newsevents/speech/quarles20190329a.htm March 29, 2019 - Federal Reserve Board appoints Patrick J. McClanahan as chief operating officer -As COO, McClanahan will be responsible for the operation of the Board's administrative and financial management functions, technology services, short- and long-term strategic planning, and data management. www.federalreserve.gov/newsevents/pressreleases/other20190329a.htm March 29, 2019 - Agencies complete evaluation of 2017 resolution plans for 14 large domestic banks and issue expectations for 2019 resolution plans. Press Release: www.federalreserve.gov/newsevents/pressreleases/bcreg20190329a.htm Press Release: www.fdic.gov/news/news/press/2019/pr19027.html March 28, 2019 - Agricultural Economic Update By Nathan Kauffman Federal Reserve Bank of Kansas City March 28, 2019. www.kansascityfed.org/~/media/files/publicat/speeches/2019/2019-kauffman-nmicba-03-28.pdf March 28, 2019 - Senior Credit Officer Opinion Survey on Dealer Financing Terms, March 2019 - The Senior Credit Officer Opinion Survey on Dealer Financing Terms is a quarterly survey providing information about the availability and terms of credit in securities financing and over-the counter derivatives markets. www.federalreserve.gov/data/scoos.htm March 28, 2019 - Federal Reserve Board releases document providing additional information on its stress testing program - The release of the document follows an announcement in February that the Board had finalized changes intended to increase the transparency of its stress tests without compromising their ability to test the resiliency of the nation's largest banks. www.federalreserve.gov/newsevents/pressreleases/bcreg20190328a.htm _______________________ March 26, 2019 - Areas for Improvement in the Federal Reserve Banks' Information System Controls: https://www.gao.gov/products/GAO-19-304R?utm_campaign=usgao_email&utm_content=topic_markets&utm_medium=email&utm_source=govdelivery March 28, 2019 - Agricultural Economic Update By Nathan Kauffman, Federal Reserve Bank of Kansas City. www.kansascityfed.org/~/media/files/publicat/speeches/2019/2019-kauffman-nmicba-03-28.pdf March 28, 2019 - FDIC Announces New Members for the Advisory Committee on Community Banking - The Federal Deposit Insurance Corporation has announced the selection of six new members to its Advisory Committee on Community Banking, which has been providing advice and recommendations to the FDIC on a broad range of community bank policy and regulatory matters since it was established in 2009. www.fdic.gov/news/news/press/2019/pr19024.html March 28, 2019 - Speech by Vice Chair Clarida on global shocks and the U.S. economy At the "The Euro Area: Staying the Course through Uncertainties" BDF Symposium and 34th SUERF Colloquium sponsored by Banque de France and the European Money and Finance Forum, Paris, France. www.federalreserve.gov/newsevents/speech/clarida20190328a.htm March 28, 2019 - Speech by Governor Bowman on agriculture and community banking At the Ag Lenders Conference, sponsored by The Independent Community Bankers Association of New Mexico, Deming, New Mexico. www.federalreserve.gov/newsevents/speech/bowman20190328a.htm March 28, 2019 - Speech by Vice Chair for Supervision Quarles on the Financial Stability Board in 2019 Vice Chair for Supervision and Chair of the Financial Stability Board Randal K. Quarles. www.federalreserve.gov/newsevents/speech/quarles20190328a.htm March 27, 2019 - OCC Hosts Compliance and Operational Risk Workshops in Kansas - The Office of the Comptroller of the Currency will host two workshops in Manhattan, Kansas, at the Four Points by Sheraton Manhattan, May 7 and 8, for directors of national community banks and federal savings associations supervised by the OCC. www.occ.gov/news-issuances/news-releases/2019/nr-occ-2019-32.html March 27, 2019 - Do Greasy Wheels Curb Inequality? - Cynthia L. Doniger - I document a disparity in the cyclicality of the allocative wage-the labor costs considered when deciding to form or dissolve an employment relationship-across levels of educational attainment. www.federalreserve.gov/econres/feds/2019.htm#2019021 March 27, 2019 - Statistical Release - Finance Companies - G.20. www.federalreserve.gov/releases/g20/current/g20.htm March 27, 2019 - Statistical Release - Industrial Production and Capacity Utilization: The 2019 Annual Revision - On net, the revisions to the growth rates for total IP for recent years were small and positive, with the estimates for 2016 and 2017 a bit higher and the estimates for 2015 and 2018 slightly lower. www.federalreserve.gov/releases/g17/revisions/Current/DefaultRev.htm March 26, 2019 - Consumer Compliance: Revised Interagency Examination Procedures - The Task Force on Consumer Compliance of the Federal Financial Institutions Examination Council1 recently developed interagency examination procedures for Truth in Lending Act, implemented by Regulation Z. www.occ.treas.gov/news-issuances/bulletins/2019/bulletin-2019-16.html March 26, 2019 - Ferdinand L. Risco Jr. Joins St. Louis Fed�s Transportation Industry Council - Ferdinand L. Risco Jr. of Louisville, Ky., has been named to the Transportation Industry Council of the Federal Reserve Bank of St. Louis. Risco is the interim executive director of the Transit Authority of River City www.stlouisfed.org/news-releases/2019/03/26/ferdinand-l-risco-jr-joins-st-louis-fed-transportation-industry-council March 26, 2019 - Regulatory Relief: Guidance to Help Financial Institutions and Facilitate Recovery in Areas of Nebraska Affected by Severe Winter Storms, Straight-line Winds, and Flooding. www.fdic.gov/news/news/financial/2019/fil19015.html March 26, 2019 - FDIC Names Nick Podsiadly as General Counsel - Federal Deposit Insurance Corporation Chairman Jelena McWilliams today announced the appointment of Nick Podsiadly as General Counsel. In addition, FDIC veteran Harrel Pettway has been promoted to Senior Deputy General Counsel, and Leonard Chanin, has joined the FDIC as Deputy to the Chairman. www.fdic.gov/news/news/press/2019/pr19023.html March 25, 2019 - Registration Open for April 11 CECL Webinar - The April 11 webinar, scheduled to begin at 2 p.m. Eastern, will cover the significant differences financial institutions should expect in their accounting procedures following the CECL changes, scheduled for 2022. Participants will use the registration link to log into the webinar. www.ncua.gov/newsroom/press-release/2019/registration-open-april-11-cecl-webinar March 25, 2019 - Chicago Fed National Activity Index Points to Little Change in Economic Growth in February - The Chicago Fed National Activity Index edged down to �0.29 in February from �0.25 in January. Two of the four broad categories of indicators that make up the index decreased from January, and three of the four categories made negative contributions to the index in February. www.chicagofed.org/~/media/publications/cfnai/2019/cfnai-march2019-pdf.pdf March 25, 2019 - Fed's Evans Discusses Risk Management in Hong Kong - A speech presented on March 25, 2019, at the 2019 Credit Suisse Asian Investment Conference in Hong Kong. www.chicagofed.org/publications/speeches/2019/revisiting-risk-management March 25, 2019 - Supervisory Ratings and Other Nonpublic OCC Information: Statement on Confidentiality - The Office of the Comptroller of the Currency reminds all national banks and federal savings associations that they are prohibited by regulation from disclosing nonpublic OCC information (see 12 CFR 4.32(b)), including their CAMELS rating, without prior approval of the OCC, except in very limited circumstances (see 12 CFR 4.36(d) and 4.37(b)). www.occ.treas.gov/news-issuances/bulletins/2019/bulletin-2019-15.html March 25, 2019 - Federal Reserve Bank of Kansas City announces fourth quarter Small Business Lending Survey results - The Federal Reserve Bank of Kansas City today released the results from the Fourth Quarter 2018 national Small Business Lending Survey. www.kansascityfed.org/~/media/files/publicat/newsroom/2019/release_smallbusinesslendingsurvey_q42018.pdf March 25, 2019 - Kansas City Fed marks Financial Literacy Month - As part of the nationwide effort to recognize April as Financial Literacy Month, the Federal Reserve Bank of Kansas City will host Money Smart Day on Saturday, April 13, at the Kansas City Public Library, located downtown at 14 W. 10th St. www.kansascityfed.org/~/media/files/publicat/newsroom/2019/aprilflmrelease.pdf March 25, 2019 - Federal Reserve Bank of Kansas City announces officer appointment. www.kansascityfed.org/~/media/files/publicat/newsroom/2019/releasekisling2docx.pdf March 25, 2019 - Record of the meeting of the Federal Advisory Council, February 8, 2019 - 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 March 25, 2019 - Duration dependence, monetary policy asymmetries, and the business cycle - Travis J. Berge and Damjan Pfajfar - We produce business cycle chronologies for U.S. states and evaluate the factors that change the probability of moving from one phase to another. www.federalreserve.gov/econres/feds/files/2019020pap.pdf March 25, 2019 - New Financial Stability Governance Structures and Central Banks - Rochelle M. Edge and J. Nellie Liang - We evaluate the institutional frameworks developed to implement time-varying macroprudential policies in 58 countries. www.federalreserve.gov/econres/feds/files/2019019pap.pdf March 25, 2019 - Does Price Regulation Affect Competition? Evidence from Credit Card Solicitations - Yiwei Dou, Geng Li, and Joshua Ronen - We study the unintended consequences of consumer financial regulations, focusing on the CARD Act, which restricts consumer credit card issuers' ability to raise interest rates. www.federalreserve.gov/econres/feds/files/2019018pap.pdf March 25, 2019 - Welcoming remarks by Governor Bowman - Governor Michelle W. Bowman At the National Agricultural Credit Conference, Washington, D.C. www.federalreserve.gov/newsevents/speech/bowman20190325a.htm March 25, 2019 - Federal and state financial regulatory agencies issue interagency statement on supervisory practices regarding financial institutions affected by flooding in the Midwest. Press Release: www.federalreserve.gov/newsevents/pressreleases/bcreg20190325a.htm Press Release: www.fdic.gov/news/news/press/2019/pr19022.html Press Release: www.occ.gov/news-issuances/news-releases/2019/nr-ia-2019-31.html Press Release: www.ncua.gov/newsroom/press-release/2019/federal-and-state-financial-regulatory-agencies-issue-interagency-statement-supervisory-practices March 22, 2019 - OCC Reports Mortgage Performance Improves in Fourth Quarter of 2018 - The Office of the Comptroller of the Currency reported a slight improvement in the performance of first-lien mortgages in the federal banking system during the fourth quarter of 2018. www.occ.gov/news-issuances/news-releases/2019/nr-occ-2019-30.html March 22, 2019 - OCC Reports Fourth Quarter 2018 Bank Trading Revenue - The Office of the Comptroller of the Currency reported trading revenue of U.S. commercial banks and federal savings associations of $4.2 billion in the fourth quarter 2018, which was $2.9 billion, or 41.0 percent, less than the previous quarter. www.occ.gov/news-issuances/news-releases/2019/nr-occ-2019-29.html March 22, 2019 - The Re-emergence of the Federal Reserve Funds Market in the 1950s - Sriya Anbil and Mark Carlson - Depository institutions use the federal funds market to borrow and lend balances they hold at the Federal Reserve to meet their reserve requirements, facilitate settlement of payments, and maintain a buffer of liquid assets. www.federalreserve.gov/econres/notes/feds-notes/re-emergence-of-the-federal-reserve-funds-market-in-the-1950s-20190322.htm March 22, 2019 - Introducing the Distributional Financial Accounts of the United States - Michael M. Batty, Jesse Bricker, Joseph S. Briggs, Elizabeth Holmquist, Susan Hume McIntosh, Kevin B. Moore, Eric R. Nielsen, Sarah Reber, Molly Shatto, Kamila Sommer, Tom Sweeney, and Alice Henriques Volz - This paper describes the construction of the Distributional Financial Accounts, a new dataset containing quarterly estimates of the distribution of U.S. household wealth since 1989, and provides the first look at the resulting data. www.federalreserve.gov/econres/feds/files/2019017pap.pdf March 22, 2019 - Enhanced Financial Accounts, March 22, 2019 - These projects provide additional detail for selected areas of the Financial Accounts. See About the EFAs below for more information. www.federalreserve.gov/releases/efa/enhanced-financial-accounts.htm March 22, 2019 - Credit and Liquidity Programs and the Balance Sheet - Recent balance sheet trends, weekly chart update. www.federalreserve.gov/monetarypolicy/bst_recenttrends.htm March 22, 2019 - The Limits of p-Hacking: a Thought Experiment - Andrew Y. Chen - Suppose that asset pricing factors are just p-hacked noise. How much p-hacking is required to produce the 300 factors documented by academics? www.federalreserve.gov/econres/feds/2019.htm#2019016 March 22, 2019 - Federal Reserve System publishes annual financial statements - The Federal Reserve System on Friday released the 2018 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/other20190322a.htm ______________ March 21, 2019 - FDIC Announces Meeting of Advisory Committee on Community Banking - The Federal Deposit Insurance Corporation today announced that it will hold a meeting of the Advisory Committee on Community Banking on Thursday, March 28. During the meeting, FDIC senior staff will discuss efforts regarding de novo institutions, community bank technical assistance efforts, the 2017 FDIC National Survey of Unbanked and Underbanked Households, and various supervisory policy issues. www.fdic.gov/news/news/press/2019/pr19021.html March 21, 2019 - Legal Developments - Section 19 letters, December 13, 2018, and January 23, 2019. www.federalreserve.gov/supervisionreg/ordersother2019.htm March 21, 2019 - Statement on the Implications of the New Lease Accounting Standard on Regulation - The purpose of this letter is to provide state member banks with guidance on the treatment of operating leases as an investment in bank premises under Regulation H upon the implementation of the new lease accounting standard. www.federalreserve.gov/supervisionreg/srletters/sr1907.htm March 21, 2019 - Federal Reserve Board publishes report containing summary information on debit card transactions in 2017 - The Federal Reserve Board on Thursday published a report on debit card transactions in 2017, including information on volume and value, interchange fee revenue, certain issuer costs, and fraud losses. www.federalreserve.gov/newsevents/pressreleases/other20190321a.htm March 21, 2019 - Federal Reserve Board announces termination of enforcement action with Commercial State Bank. www.federalreserve.gov/newsevents/pressreleases/enforcement20190321a.htm March 20, 2019 - Removal of the FDIC's Part 350 Annual Disclosure Statement Requirement - On March 8, 2019, the FDIC Board approved a final rule rescinding and removing Part 350 of the FDIC's regulations, which is entitled Disclosure of Financial and Other Information by FDIC Insured State Nonmember Banks. www.fdic.gov/news/news/financial/2019/fil19014.html March 20, 2019 - FDIC's Supervisory Insights Winter Edition Focuses on LIBOR - The Federal Deposit Insurance Corporation today issued the Winter 2018 issue of Supervisory Insights, which includes an article examining the future of, and alternatives to, the London Inter-bank Offered Rate. www.fdic.gov/news/news/press/2019/pr19020.html March 20, 2019 - Notice of a Meeting under Expedited Procedures - A closed meeting of the Board of Governors of the Federal Reserve System was held at on March 19, 2019 and continued at 9:00 a.m. on March 20, 2019. Matter(s) considered: Discussion of Monetary Policy Issues. www.federalreserve.gov/aboutthefed/boardmeetings/20190319closed.htm March 20, 2019 - Balance Sheet Normalization Principles and Plans - In light of its discussions at previous meetings and the progress in normalizing the size of the Federal Reserve's securities holdings and the level of reserves in the banking system, all participants agreed that it is appropriate at this time for the Committee to provide additional information regarding its plans for the size of its securities holdings and the transition to the longer-run operating regime. www.federalreserve.gov/newsevents/pressreleases/monetary20190320c.htm March 20, 2019 - Federal Reserve Board and Federal Open Market Committee release economic projections from the March 19-20 FOMC meeting - The attached table and charts released on Wednesday summarize the economic projections and the target federal funds rate projections made by Federal Open Market Committee participants for the March 19-20 meeting. www.federalreserve.gov/newsevents/pressreleases/monetary20190320b.htm March 20, 2019 - Federal Reserve issues FOMC statement - Information received since the Federal Open Market Committee met in January indicates that the labor market remains strong but that growth of economic activity has slowed from its solid rate in the fourth quarter. www.federalreserve.gov/newsevents/pressreleases/monetary20190320a.htm March 19, 2019 - Margin and Capital Requirements for Covered Swap Entities: Interim Final Rule - The Office of the Comptroller of the Currency, the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, the Farm Credit Administration, and the Federal Housing Finance Agency published an interim final rule in the Federal Register to amend their regulations regarding the minimum margin and capital requirements for registered swap dealers, major swap participants, security-based swap dealers, and major security-based swap participants. www.occ.treas.gov/news-issuances/bulletins/2019/bulletin-2019-14.html March 19, 2019 - OCC Allows National Banks and Federal Savings Associations Affected by Flooding in the Central Plains and Midwest to Close - In issuing the proclamation, the OCC expects that only those bank offices directly affected by potentially unsafe conditions will close. www.occ.gov/news-issuances/news-releases/2019/nr-occ-2019-28.html March 19, 2019 - Office of the Comptroller of the Currency Fines Citibank, N.A. $25 Million for Violating the Fair Housing Act - The OCC found that the bank had certain control weaknesses related to its Relationship Loan Pricing (RLP) program designed to provide eligible mortgage loan customers either a credit to closing costs or an interest rate reduction. www.occ.gov/news-issuances/news-releases/2019/nr-occ-2019-27.html March 19, 2019 - Statement by Federal Reserve Board Vice Chair Richard H. Clarida on the passing of Alan Krueger. www.federalreserve.gov/newsevents/pressreleases/other20190319a.htm March 15, 2019 - February 2019 NCUA Board Meeting Video Available - Federally insured credit unions generally saw continued positive trends in the fourth quarter of 2018, according to the latest NCUA Quarterly U.S. Map Review. www.ncua.gov/newsroom/press-release/2019/ncua-q4-2018-state-credit-union-data-report-now-available March 18, 2019 - Household Debt Service and Financial Obligations Ratios - Household debt service payments and financial obligations as a percentage of disposable personal income; seasonally adjusted. www.federalreserve.gov/releases/housedebt/default.htm March 18, 2019 - Federal Reserve announces members of Fraud Definitions Work Group - Over the next year, these 22 payments industry leaders and subject matter specialists will work collaboratively with Federal Reserve leaders to formulate recommendations for improving the quality and consistency of automated clearing house, wire, and check fraud data. www.federalreserve.gov/newsevents/pressreleases/other20190318a.htm March 15, 2019 - Agencies adopt interim final rule to facilitate transfers of legacy swaps - Agencies adopt interim final rule to facilitate transfers of legacy swaps. Press Release: www.federalreserve.gov/newsevents/pressreleases/bcreg20190315a.htm Press Release: www.fdic.gov/news/news/press/2019/pr19018.html Press Release: www.occ.gov/news-issuances/news-releases/2019/nr-ia-2019-26.html March 15, 2019 - Advanced Notice of a Meeting under Expedited Procedures - A closed meeting of the Board of Governors of the Federal Reserve System will be held under expedited procedures at 10:00 a.m. on March 19, 2019. Matter(s) considered: Discussion of Monetary Policy Issues. www.federalreserve.gov/aboutthefed/boardmeetings/20190319closed.htm March 15, 2019 - Credit and Liquidity Programs and the Balance Sheet - Recent balance sheet trends, weekly chart update. www.federalreserve.gov/monetarypolicy/bst_recenttrends.htm March 15, 2019 - Statistical Release - Industrial Production and Capacity Utilization - G.17- Industrial production edged up 0.1 percent in February after decreasing 0.4 percent in January. Manufacturing production fell 0.4 percent in February for its second consecutive monthly decline. www.federalreserve.gov/releases/g17/Current/default.htm March 15, 2019 - FDIC Settles with PricewaterhouseCoopers LLP on Audits of a Failed Bank - The Federal Deposit Insurance Corporation as Receiver for Colonial Bank has announced a $335 million settlement with PricewaterhouseCoopers LLP related to professional negligence claims brought by the FDIC against PwC arising out of the audits of the failed Colonial Bank. https://www.fdic.gov/news/news/press/2019/pr19019.html March 15, 2019 - OCC Enforcement Actions and Terminations for March 2019 - The Office of the Comptroller of the Currency today released new enforcement actions taken against national banks, federal savings associations, and individuals currently and formerly affiliated with national banks and federal savings associations. www.occ.gov/news-issuances/news-releases/2019/nr-occ-2019-25.html March 15, 2019 - Recovery Planning: Updated Comptroller�s Handbook Booklet and Rescissions - The booklet explains effective recovery planning pursuant to 12 CFR 30, appendix E, �OCC Guidelines Establishing Standards for Recovery Planning by Certain Large Insured National Banks, Insured Federal Savings Associations, and Insured Federal Branches.� www.occ.treas.gov/news-issuances/bulletins/2019/bulletin-2019-13.html March 14, 2019 - Detroit Economic Activity Index Points to a Pickup in Growth in December - The Detroit Economic Activity Index measures growth in economic activity for the city of Detroit. The index is constructed using a mixed-frequency dynamic factor model of 23 Detroit-specific data series capturing income, employment, residential and commercial real estate activity, electric customer counts, tax revenues, and port activity. https://www.chicagofed.org/publications/deai/index March 14, 2019 - NCUA: Q4 2018 State Credit Union Data Report Now Available - The review tracks performance indicators for federally insured credit unions in all 50 states and the District of Columbia and includes information on two important state-level economic indicators: the unemployment rate and home prices. www.ncua.gov/newsroom/press-release/2019/ncua-q4-2018-state-credit-union-data-report-now-available March 14, 2019 - NCUA _ Senate Confirms Hood and Harper to NCUA Board. www.ncua.gov/newsroom/press-release/2019/senate-confirms-hood-and-harper-ncua-board March 14, 2019 - Statistical Release - Minority-Owned Depository Institutions - Historically, the Federal Reserve Board compiled quarterly data on depository institutions that participate in the Treasury�s Minority Bank Deposit Program. www.federalreserve.gov/releases/mob/ March 14, 2019 - Federal Reserve announces seventh triennial study to examine U.S. payments usage - Beginning this month, financial institutions and payments organizations will receive invitations to participate in the seventh triennial Federal Reserve Payments Study, the Federal Reserve announced today. www.federalreserve.gov/newsevents/pressreleases/other20190314b.htm March 14, 2019 - Agencies announce two public meetings on merger of BB&T and SunTrust; public comment period extended - The Federal Reserve Board and the Federal Deposit Insurance Corporation on Thursday announced that they will jointly hold two public meetings on the proposed merger of BB&T Corporation, Winston-Salem, North Carolina, with SunTrust Banks, Inc., Atlanta, Georgia. Press Release: www.federalreserve.gov/newsevents/pressreleases/other20190314a.htm Press Release: www.fdic.gov/news/news/press/2019/pr19017.html _____________________ March 14, 2019 - Detroit Economic Activity Index Points to a Pickup in Growth in December - The Detroit Economic Activity Index measures growth in economic activity for the city of Detroit. www.chicagofed.org/publications/deai/index March 14, 2019 - NCUA - Share Insurance Fund Closed 2018 with $226.5 Million Net Income, Net Position of $15.7 Billion - The National Credit Union Administration Board held its third open meeting of 2019 at the agency�s headquarters today and unanimously approved one item: www.ncua.gov/newsroom/press-release/2019/share-insurance-fund-closed-2018-2265-million-net-income-net-position-157-billion March 13, 2019 - NCUA Releases 2018 Annual Report - The National Credit Union Administration today released its 2018 Annual Report, highlighting the agency�s activities, policy initiatives, and accomplishments for 2018. www.ncua.gov/newsroom/press-release/2019/ncua-releases-2018-annual-report March 12, 2019 - NCUA Board�s Partnership Transformed Regulatory Structure - By working together in a bipartisan manner, the NCUA Board enacted a number of regulatory reforms and modernization initiatives to meet its statutory obligation of ensuring a safe and sound credit union system while providing credit unions with measures of regulatory relief, National Credit Union Administration Board Chairman J. Mark McWatters and Board Member Rick Metsger said today. www.ncua.gov/newsroom/press-release/2019/ncua-boards-partnership-transformed-regulatory-structure March 12, 2019 - Speech by Governor Brainard on the Community Reinvestment Act: how can we preserve what works and make it better? www.federalreserve.gov/newsevents/speech/brainard20190312a.htm March 12, 2019 - Federal Reserve Board permanently bars two former employees of The Goldman Sachs Group, Inc. from the banking industry - The Federal Reserve Board on Tuesday announced that it is prohibiting Tim Leissner and Ng Chong Hwa, also known as Roger Ng, from the banking industry for their participation in a scheme to illegally divert billions of dollars from a Malaysian sovereign wealth fund. www.federalreserve.gov/newsevents/pressreleases/enforcement20190312a.htm March 11, 2019 - Notice of a Meeting under Expedited Procedures - A closed meeting of the Board of Governors of the Federal Reserve System was held at 11:00 a.m. on March 11, 2019. www.federalreserve.gov/aboutthefed/boardmeetings/20190311closed.htm March 11, 2019 - Federal Reserve Board announces approval of application by CenterState Bank Corporation. www.federalreserve.gov/newsevents/pressreleases/orders20190311a.htm March 8, 2019 - Revisions to the Consolidated Reports of Condition and Income and Other Regulatory Reports - The banking agencies, under the auspices of the Federal Financial Institutions Examination Council, have finalized revisions to the Consolidated Reports of Condition and Income and certain other FFIEC reports that primarily address changes in the accounting for credit losses under the Financial Accounting Standards Board's Accounting Standards Update 2016-13. www.fdic.gov/news/news/financial/2019/fil19012.html March 8, 2019 - Credit and Liquidity Programs and the Balance Sheet - Recent balance sheet trends, weekly chart update. www.federalreserve.gov/monetarypolicy/bst_recenttrends.htm March 8, 2019 - Legal Interpretations - Bank Holding Company Act, February 1, 2019. www.federalreserve.gov/supervisionreg/legalinterpretations/bhc_changeincontrol_archive.htm ____________________________ March 7, 2019 - Home Mortgage Disclosure Act: Key Data Fields for Full and Partial Reporters - The Office of the Comptroller of the Currency is issuing this bulletin to inform national banks, federal savings associations, and federal branches and agencies about key data fields that the OCC has determined examiners will typically use to test and validate the accuracy and reliability of home mortgage loan data collected beginning in 2018. www.occ.treas.gov/news-issuances/bulletins/2019/bulletin-2019-12.html March 7, 2019 - Regulatory Relief: Guidance to Help Financial Institutions and Facilitate Recovery in Areas of Alabama Affected by Severe Storms, Straight-line Winds, and Tornadoes. www.fdic.gov/news/news/financial/2019/fil19011.html March 7, 2019 - Communication Expectations for Community Bank Examinations and Inspections - The purpose of this letter is to reinforce the importance of effective communication practices during targeted and full-scope safety and soundness examinations of community state member banks. www.federalreserve.gov/supervisionreg/srletters/sr1905.htm March 7, 2019 - Advanced Notice of a Meeting under Expedited Procedures - A closed meeting of the Board of Governors of the Federal Reserve System will be held under expedited procedures at 11:30 a.m. on March 11, 2019. 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/20190311closed.htm March 7, 2019 - Who Values Access to College? - Kartik Athreya, Felicia F. Ionescu, Urvi Neelakantan, and Ivan Vidangos - A first glance at US data suggests that college -- given its mean returns and sharply subsidized cost for all enrollees -- could be of great value to most. www.federalreserve.gov/econres/feds/files/2019015pap.pdf March 7, 2019 - Statistical Release - Financial Accounts of the United States - Z.1 - The Financial Accounts of the United States includes data on transactions and levels of financial assets and liabilities, by sector and financial instrument; full balance sheets, including net worth, for households and nonprofit organizations, nonfinancial corporate businesses, and nonfinancial noncorporate businesses; Integrated Macroeconomic Accounts; and additional supplemental detail. www.federalreserve.gov/releases/z1/current/default.htm March 7, 2019 - Understanding Persistent Stagnation - Pablo A. Cuba-Borda and Sanjay R. Singh - We theoretically explore long-run stagnation at the zero lower bound in a representative agent framework. www.federalreserve.gov/econres/ifdp/files/ifdp1243.pdf March 7, 2019 - Speech by Governor Brainard on navigating cautiously At the Julis-Rabinowitz Center for Public Policy and Finance and the Bendheim Center for Finance, Woodrow Wilson School of Public and International Affairs, Princeton University, Princeton, New Jersey. www.federalreserve.gov/newsevents/speech/brainard20190307a.htm March 7, 2019 - NCUA - Board Approves Share Insurance Equity Distribution in 2019 - The National Credit Union Administration Board today approved a $160.1 million equity distribution from the National Credit Union Share Insurance Fund that will be paid to eligible credit unions in the second quarter of 2019. www.ncua.gov/newsroom/press-release/2019/board-approves-share-insurance-equity-distribution-2019 March 7, 2019 - NCUA - FFIEC Members Adopt Policy Statement on the Report of Examination - The Federal Financial Institutions Examination Council members today issued principles to promote consistency, clarity and ease of reference for the presentation of information in examination reports. www.ncua.gov/newsroom/press-release/2019/ffiec-members-adopt-policy-statement-report-examination March 6, 2019 - Comptroller of the Currency Supports FSOC�s Proposal for an Activities-Based Approach to Identify Potential Market-wide Risks - Comptroller of the Currency Joseph Otting today issued the following statement supporting the Financial Stability Oversight Council�s decision to propose an activities-based approach for identifying potential market-wide risks and to amend the process for designating nonbank financial companies systemically important. www.occ.gov/news-issuances/news-releases/2019/nr-occ-2019-24.html March 6, 2019 - Chicago Fed Survey of Business Conditions Shows Growth Slowed in January and Early February - The Chicago Fed Survey of Business Conditions Activity Index decreased to -18 from -3, suggesting that growth in economic activity continued at a modest pace in January and early February. www.chicagofed.org/~/media/publications/cfsbc/2019/cfsbc-march2019-pdf.pdf March 6, 2019 - NCUA Releases Q4 2018 Credit Union System Performance Data - The NCUA�s Quarterly Credit Union Data Summary reports include an overview of the quarterly Call Report data as well as tables showing the recent history of major credit union performance indicators. www.ncua.gov/newsroom/press-release/2019/ncua-releases-q4-2018-credit-union-system-performance-data March 6, 2019 - Report of Examination: FFIEC Policy and Rescissions - The Federal Financial Institutions Examination Council members1 issued today the �Federal Financial Institutions Examination Council Policy Statement on the Report of Examination.� www.occ.treas.gov/news-issuances/bulletins/2019/bulletin-2019-11.html March 6, 2019 - The Federal Financial Institutions Examination Council members today issued principles to promote consistency, clarity and ease of reference for the presentation of information in examination reports. The FFIEC Policy Statement on the Report of Examination was developed as part of the FFIEC�s Examination Modernization Project, which is aimed at reducing unnecessary regulatory burden on community financial institutions. www.ffiec.gov/press/pr030619.htm March 6, 2019 - Revisions to the Consolidated Reports of Condition and Income and Certain Other Regulatory Reports - The Federal Financial Institutions Examination Council has approved the implementation of changes to all three versions of the Call Report, the Foreign Branch Report of Condition, the Abbreviated Foreign Branch Report of Condition and the Regulatory Capital Reporting for Institutions Subject to the Advanced Capital Adequacy Framework. www.fdic.gov/news/news/financial/2019/fil19010.html March 6, 2019 - FDIC's Subcommittee on Supervision Modernization for the Advisory Committee on Community Banking Holds its Inaugural Meeting - The subcommittee was established to support the FDIC's Advisory Committee on Community Banking by considering how the FDIC can leverage technology and refine processes to make the examination program more efficient, while managing and training a geographically dispersed workforce. www.fdic.gov/news/news/press/2019/pr19016.html March 6, 2019 - Beige Book - Informal review by the Federal Reserve Banks of current economic conditions in their Districts. www.federalreserve.gov/monetarypolicy/beigebook201903.htm March 6, 2019 - Federal Reserve Board announces it will limit the use of the "qualitative objection" in its Comprehensive Capital Analysis and Review exercise, effective for the 2019 cycle. www.federalreserve.gov/newsevents/pressreleases/bcreg20190306b.htm March 6, 2019 - Federal Reserve Board issues advance notice of proposed rulemaking seeking public comment on whether to amend Regulation D to lower certain interest rates paid on balances at Federal Reserve Banks www.federalreserve.gov/newsevents/pressreleases/bcreg20190306a.htm March 5, 2019 - Community Banking: A Time of Promise and Challenge By Jeff Bonham , Paul Curtis-Wittenberg , Whitney Hanson , Pamela Kennedy , Robert Millerick , Gregory Rensink - The 13th 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 Federal Reserve Bank of Chicago on November 16, 2018. www.chicagofed.org/publications/chicago-fed-letter/2019/412 March 5, 2019 - The Federal Reserve Bank of Chicago is honored to have achieved the National Association for Female Executives Award. The NAFE Award honors companies that move the needle in helping women grow into leadership roles by having exceptional benefits and policies in place, a diverse and inclusive culture and strong career advancement opportunities. www.chicagofed.org/careers/our-people/r/ronda March 5, 2019 - OCC Releases CRA Evaluations for 13 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, 2019 through February 28, 2019. www.occ.gov/news-issuances/news-releases/2019/nr-occ-2019-23.html March 5, 2019 - 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. The list covers evaluation ratings that the FDIC assigned to institutions in December 2018. www.fdic.gov/news/news/press/2019/pr19015.html March 5, 2019 - Statistical Release - Structure and Share Data for U.S. Banking Offices of Foreign Entities. www.federalreserve.gov/releases/iba/201809/default.htm March 5, 2019 - Legal Developments - Section 19 letters, November 28, 2018 - January 28, 2019. www.federalreserve.gov/supervisionreg/ordersother2019.htm March 5, 2019 - Inferring Term Rates from SOFR Futures Prices - Erik A. Heitfield and Yang-Ho Park - The Alternative Reference Rate Committee, a group of private-sector market participants convened by the Federal Reserve, has recommended that markets transition to the use of the Secured Overnight Financing Rate in financial contracts that currently reference US dollar LIBOR. www.federalreserve.gov/econres/feds/files/2019014pap.pdf March 5, 2019 - Federal Reserve Board announces termination of enforcement action with Cogent Bancorporation, Inc. www.federalreserve.gov/newsevents/pressreleases/enforcement20190305a.htm March 4, 2019 - FDIC Unveils New Resources During National Consumer Protection Week 2019 - In observance of National Consumer Protection Week, March 3�9, the Federal Deposit Insurance Corporation today unveiled new resources to help consumers understand their rights and make well-informed decisions about money. www.fdic.gov/news/news/press/2019/pr19013.html March 4, 2019 - Test Questions, Economic Outcomes, and Inequality - Eric Nielsen - Standard achievement scales aggregate test questions without considering their relationship to economic outcomes. This paper uses question-level data to improve the measurement of achievement in two ways. www.federalreserve.gov/econres/feds/files/2019013pap.pdf March 4, 2019 - The Near-Term Forward Yield Spread as a Leading Indicator: A Less Distorted Mirror - Eric C. Engstrom, Steven A. Sharpe - The spread between the yield on a 10-year Treasury bond and the yield on a shorter maturity bond, such as a 2-year Treasury, is commonly used as an indicator for predicting U.S. recessions. www.federalreserve.gov/econres/feds/files/2018055r1pap.pdf March 1, 2019 - Emerging Trends in the U.S. and Wyoming Economies By Alison Felix Economist and Branch Executive Federal Reserve Bank of Kansas City Denver Branch. www.kansascityfed.org/~/media/files/publicat/speeches/2019/2019-felix-univwy-03-01.pdf March 1, 2019 - Federal Reserve Bank of Kansas City announces officer promotion. www.kansascityfed.org/~/media/files/publicat/newsroom/2019/release_robertsonpromotionfinal.pdf March 1, 2019 - Legal Interpretations - Bank Holding Company Act, Dec. 26, 2018 (1 letter), Feb. 12, 2019. www.federalreserve.gov/supervisionreg/legalinterpretations/bhc_changeincontrol2019.htm March 1, 2019 - FOIA - Chair Powell's calendar, January 2019. www.federalreserve.gov/foia/chairman-powell-calendar-012019.htm March 1, 2019 - Credit and Liquidity Programs and the Balance Sheet - Recent balance sheet trends, weekly chart update. www.federalreserve.gov/monetarypolicy/bst_recenttrends.htm March 1, 2019 - Statistical Release - Foreign Exchange Rates - Effective on February 4, 2019, the Federal Reserve Board staff will make major changes to the methodology used to construct the trade-weighted dollar indexes in the H.10, G.5, and G.5A releases. www.federalreserve.gov/releases/g5/current/default.htm |
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