The E-mail Banking News
(Bank Regulatory News)

March 2020

Yennik, Inc. has clients in 43 states that rely on our cybersecurity audits to ensure proper Internet security settings and to meet the independent diagnostic test requirements of FDIC, OCC, FRB, and NCUA, which provides compliance with Gramm-Leach Bliley Act 501(b) s well as the penetration test complies with the FFIEC Cybersecurity Assessment Tool regarding resilience testing The cybersecurity penetration audit and Internet security testing is an affordable-sophisticated process than goes far beyond the simple scanning of ports.  The audit focuses on a hacker's perspective, which will help you identify real-world cybersecurity weaknesses.  For more information, give R. Kinney Williams a call today at Office/Cell 806-535-8300 or visit http://www.internetbankingaudits.com/.
FFIEC information technology audits - As a former bank examiner with over 40 years IT audit experience, I will bring an examiner's perspective to the FFIEC information technology audit for your bank in Texas, New Mexico, Colorado, and Oklahoma.  Please drop Kinney Williams an email at examiner@yennik.com from your domain and I will email you information and fees.
March 31, 2020 - Midwest Economy Index Points to a Pickup in Growth in February - Index points to a pickup in Midwest growth in February - The data through February were unlikely to have been affected much by the Covid-19 outbreak. Economic data for March will be incorporated in the next MEI released on April 30, 2020. www.chicagofed.org/~/media/publications/mei/2020/mei-february2020-pdf.pdf

March 31, 2020 - Home Mortgage Disclosure Act Quarterly Reporting during the COVID-19 Pandemic - On March 26, 2020, the Consumer Financial Protection Bureau issued a statement to inform its supervised financial institutions that it does not intend to cite in an examination or initiate an enforcement action for failure to report the quarterly HMDA data. www.federalreserve.gov/supervisionreg/caletters/caltr2006.htm

March 31, 2020 - Dodd-Frank Act Stress Test 2020: Supervisory Stress Test Methodology.  www.federalreserve.gov/publications/files/2020-march-supervisory-stress-test-methodology.pdf

March 31, 2020 - Joint Statement on Interaction of the Regulatory Capital Rule: Revised Transition of the CECL Methodology for Allowances with Section 4014 of the Coronavirus Aid, Relief, and Economic Security Act.
Press Release: www.federalreserve.gov/supervisionreg/srletters/SR2009.htm
Press Release: www.fdic.gov/news/news/financial/2020/fil20032.html
Press Release: www.occ.gov/news-issuances/bulletins/2020/bulletin-2020-30.html

March 31, 2020 - Discount Window Lending, 2018: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 31, 2020 - Federal Reserve Board announces it will delay by six months the effective date for its revised control framework - The delay will reduce operational burden and allow institutions to focus on current economic conditions. www.federalreserve.gov/newsevents/pressreleases/bcreg20200331a.htm 

March 31, 2020 - Federal Reserve announces establishment of a temporary FIMA Repo Facility to help support the smooth functioning of financial markets - The FIMA Repo Facility will allow FIMA account holders, which consist of central banks and other international monetary authorities with accounts at the Federal Reserve Bank of New York, to enter into repurchase agreements with the Federal Reserve. www.federalreserve.gov/newsevents/pressreleases/monetary20200331a.htm

March 31, 2020 - NCUA: Grants, Loans Available to Low-Income Credit Unions for COVID-19 Response - $4 Million in Loans and $800,000 in Grants Available to Support Members, Communities.  www.ncua.gov/newsroom/press-release/2020/ncua-grants-loans-available-low-income-credit-unions-covid-19-response

March 30, 2020 - Credit Concentrations : Joint Statement on Adjustment to the Calculation for Credit Concentration Ratios Used in the Supervisory Approach - he Office of the Comptroller of the Currency, the Board of Governors of the Federal Reserve System, and the Federal Deposit Insurance Corporation published the "Joint Statement on Adjustment to the Calculation for Credit Concentration Ratios Used in the Supervisory Approach" on March 30, 2020. www.occ.gov/news-issuances/bulletins/2020/bulletin-2020-29.html

March 30, 2020 - OCC Reports Fourth Quarter 2019 Bank Trading Revenue - The Office of the Comptroller of the Currency reported trading revenue of U.S. commercial banks and federal savings associations of $7.2 billion in the fourth quarter 2019, which was $4.0 million, or 0.1 percent, less than the previous quarter. www.occ.gov/news-issuances/news-releases/2020/nr-occ-2020-45.html

March 30, 2020 - OCC Hosts Mutual Savings Association Advisory Committee Meeting April 21 Via Teleconference - The Office of the Comptroller of the Currency today announced it will host a public meeting of the Mutual Savings Association Advisory Committee on Tuesday, April 21, 2020, via teleconference. The teleconference is open to the public and will begin at 10:00 a.m. Eastern Daylight Time. www.occ.gov/news-issuances/news-releases/2020/nr-occ-2020-44.html 

March 30, 2020 - Adjusting the Calculations for Credit Concentration - The FDIC, Board of Governors of the Federal Reserve, and Office of the Comptroller of the Currency are jointly adjusting their calculation for credit concentration ratios used in the supervisory process. www.fdic.gov/news/news/financial/2020/fil20031.html

March 30, 2020 - 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

March 30, 2020 - Regulatory Arbitrage in the Use of Insurance in the New Standardized Approach for Operational Risk Capital.  www.federalreserve.gov/econres/notes/feds-notes/regulatory-arbitrage-in-the-use-of-insurance-in-the-new-standardized-approach-for-operational-risk-capital-20200330.htm

March 30, 2020 - Joint Statement Encouraging Responsible Small-Dollar Lending in Response to COVID-19 - On March 26, 2020, the Federal Reserve and four other federal financial regulatory agencies issued a joint statement encouraging banks, savings institutions, and credit unions to offer responsible small-dollar loans to consumers and small businesses in response to COVID‑19. www.federalreserve.gov/supervisionreg/srletters/SR2007.htm 

March 27, 2020 - NCUA Hosts March 31 Webinar on COVID-19 Response - Federally insured credit unions can learn more about the agency’s response to the COVID-19 outbreak by participating in a webinar hosted by the National Credit Union Administration on Tuesday, March 31, beginning at 2 p.m. Eastern. www.ncua.gov/newsroom/press-release/2020/ncua-hosts-march-31-webinar-covid-19-response

March 27, 2020 - Standardized Approach for Counterparty Credit Risk : Notice to Allow Early Adoption - The Office of the Comptroller of the Currency, along with the Board of Governors of the Federal Reserve System and the Federal Deposit Insurance Corporation, recognize the recent economic disruptions caused by the coronavirus and recent volatility in U.S. financial markets. www.occ.gov/news-issuances/bulletins/2020/bulletin-2020-28.html

March 27, 2020 - Current Expected Credit Losses : Interim Final Rule - The Office of the Comptroller of the Currency, along with the Board of Governors of the Federal Reserve System and the Federal Deposit Insurance Corporation, today announced an interim final rule to delay the estimated impact on regulatory capital stemming from the implementation of Accounting Standards Update No. 2016-13, "Financial Instruments—Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments". www.occ.gov/news-issuances/bulletins/2020/bulletin-2020-27.html

March 27, 2020 - FDIC Updates Steps to Protect Banks and Consumers and to Continue Operations - The FDIC is updating steps announced on March 16, 2020 to protect banks and consumers and to continue operations. www.fdic.gov/news/news/financial/2020/fil20029.html

March 27, 2020 - 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. www.fdic.gov/news/news/press/2020/pr20042.html

March 27, 2020 - Credit and Liquidity Programs and the Balance Sheet - Recent balance sheet trends, weekly chart update. www.federalreserve.gov/monetarypolicy/bst_recenttrends.htm

March 27, 2020 - Dynamic Beveridge Curve Accounting - Hie Joo Ahn and Leland D. Crane - We develop a dynamic decomposition of the empirical Beveridge curve, i.e., the level of vacancies conditional on unemployment. www.federalreserve.gov/econres/feds/dynamic-beveridge-curve-accounting.htm

March 27, 2020 - When is the Fiscal Multiplier High? A Comparison of Four Business Cycle Phases - Travis Berge, Maarten De Ridder and Damjan Pfajfar - We synthesize the recent, at times conflicting, empirical literature regarding whether fiscal policy is more effective during certain points in the business cycle. www.federalreserve.gov/econres/feds/when-is-the-fiscal-multiplier-high-a-comparison-of-four-business-cycle-phases.htm

March 27, 2020 - Costly Commuting and the Job Ladder - Jean Flemming - Even though workers in the UK spent just 1,000 pounds on commuting in 2017, the economic loss may be far higher because of the congestion externality arising from the way in which one worker's commute affects the commuting time of others. www.federalreserve.gov/econres/feds/costly-commuting-and-the-job-ladder.htm

March 27, 2020 - Agencies announce two actions to support lending to households and businesses .
Press Release: www.federalreserve.gov/newsevents/pressreleases/bcreg20200327a.htm 
Press Release: www.fdic.gov/news/news/press/2020/pr20041.html
Press Release: www.occ.gov/news-issuances/news-releases/2020/nr-ia-2020-42.html

March 26, 2020 - NCUA Chairman Rodney E. Hood Remarks at the March 2020 Financial Stability Oversight Council Meeting.  www.ncua.gov/newsroom/speech/2020/ncua-chairman-rodney-e-hood-remarks-march-2020-financial-stability-oversight-council-meeting

March 26, 2020 - Interest Rate Risk : Revised Comptroller’s Handbook Booklet - The revised booklet incorporates and reflects applicable statutes and regulations, guidance, and examination procedures. The booklet includes information from interagency guidance and OCC issuances published since the previous publication of this booklet. www.occ.gov/news-issuances/bulletins/2020/bulletin-2020-26.html

March 26, 2020 - Statement of the Comptroller of the Currency on the Condition of the Federal Banking System and the Response to COVID-19.  www.occ.gov/news-issuances/news-releases/2020/nr-occ-2020-41.html

March 26, 2020 - Temporary Alternative Procedures for Sending Supervision-Related Mail and Email to the FDIC - During this period of national emergency, the FDIC is encouraging financial institutions and other parties to use alternative procedures to send the agency official mail related to supervisory matters and to use secure email to send official supervisory correspondence. www.fdic.gov/news/news/financial/2020/fil20027.html 

March 26, 2020 - FDIC Chairman Addresses FSOC; Underscores Banks and Deposits Remain Safe - Federal Deposit Insurance Corporation Chairman Jelena McWilliams today addressed the Financial Stability Oversight Council, highlighting the agency's ongoing efforts to provide the necessary flexibility to both banks and their customers in response to the coronavirus pandemic. www.fdic.gov/news/news/press/2020/pr20040.html
 
March 25, 2020 - The Federal Financial Institutions Examination Council continues to monitor and respond to the COVID-19 pandemic to promote the ongoing ability of the nation’s financial institutions to support the households and businesses that depend on them. www.ffiec.gov/press/pr032520.htm
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March 26, 2020 - Check Up before You Check Out By Diane Alexander , Janet Currie , Molly Schnell , Lisa Camner McKay - Retail clinics offer convenient, low-cost preventive health care and treatment for minor injury and illness. When a retail clinic opens, the rate of visits to the emergency room for these low-severity conditions declines for people who live in close proximity. www.chicagofed.org/publications/chicago-fed-letter/2019/428

March 26, 2020 - Housing Markets in a Time of Crisis: A Historical Perspective By Price Fishback , Jonathan Rose , Ken Snowden - As the coronavirus public health crisis unfolds, a second crisis in the economy is developing as well. One economic concern, among many, is the debt burden of households. www.chicagofed.org/publications/chicago-fed-letter/2020/433

March 26, 2020 - Fed Chair Powell interviewed on �Today� - In the interview, Powell said the Fed has been focused on supporting the economy and ensuring credit remains available, and that the central bank will be prepared to ensure a rebound �is as vigorous as possible.� www.kansascityfed.org/newsroom/newsreleases/2020/powell%20on%20today

March 26, 2020 - Identification of Essential Critical Infrastructure Workers During the COVID-19 Response Efforts - The Cybersecurity and Infrastructure Security Agency issued guidance identifying financial services sector workers as essential critical infrastructure workers during the COVID-19 response emergency. www.fdic.gov/news/news/financial/2020/fil20025.html

March 26, 2020 - Senior Credit Officer Opinion Survey on Dealer Financing Terms, March 2020 - The Senior Credit Officer Opinion Survey on Dealer Financing Terms is a qu arterly 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 26, 2020 - Federal Reserve offers regulatory reporting relief to small financial institutions affected by the coronavirus.  www.federalreserve.gov/newsevents/pressreleases/bcreg20200326b.htm

March 26, 2020 - Federal agencies encourage banks, savings associations and credit unions to offer responsible small-dollar loans to consumers and small businesses affected by COVID-19.
Press Release: www.federalreserve.gov/newsevents/pressreleases/bcreg20200326a.htm
Press Release: www.fdic.gov/news/news/press/2020/pr20039.html
Press Release: www.occ.gov/news-issuances/news-releases/2020/nr-ia-2020-40.html
Press Release: www.occ.gov/news-issuances/bulletins/2020/bulletin-2020-25.html
Press Release: www.ncua.gov/newsroom/press-release/2020/federal-agencies-encourage-banks-savings-associations-and-credit-unions-offer-responsible-small 

March 26, 2020 - NCUA - Streamlined CDFI Application Round Opens March 29 - Federally insured, low-income credit unions that want to become certified Community Development Financial Institutions can apply to use the National Credit Union Administration�s qualification process for streamlined CDFI certification beginning March 29. www.ncua.gov/newsroom/press-release/2020/streamlined-cdfi-application-round-opens-march-29

March 25, 2020 - Pandemic Planning : Essential Critical Infrastructure Workers in the Financial Services Sector - The Office of the Comptroller of the Currency recognizes the potential for the coronavirus to adversely affect bank1 operations, including the movement of workers responsible for the operations and maintenance of critical infrastructure. www.occ.gov/news-issuances/bulletins/2020/bulletin-2020-23.html

March 25, 2020 - Federal Reserve Bank of Kansas City to launch COVID-19 Investment Connection series - The Federal Reserve Bank of Kansas City announced a special launch of its signature community development program Investment Connection, with a focus on connecting nonprofits affected by COVID-19 to funders. www.kansascityfed.org/newsroom/newsreleases/2020/2020%20investment%20connection

March 25, 2020 - Interagency Webinar on the Statement on Loan Modifications and Reporting for Institutions Working with Customers Affected by the Coronavirus - The FDIC, the Board of Governors of the Federal Reserve, the Office of the Comptroller of the Currency, the National Credit Union Administration, and the Consumer Financial Protection Bureau will jointly host a webinar for bankers to raise awareness of the Interagency Statement on Loan Modifications and Reporting for Financial Institutions Working with Customers Affected by the Coronavirus. The webinar is scheduled for Friday, March 27, 2020, at 2:00 p.m. Eastern Daylight Time. www.fdic.gov/news/news/financial/2020/fil20024.html

March 25, 2020 - Reports to Congress Pursuant to Section 13(3) of the Federal Reserve Act in response to COVID-19 - The Federal Reserve filed these reports with Congress pursuant to section 13(3) of the Federal Reserve Act concerning the lending facilities established by the Board. www.federalreserve.gov/publications/reports-to-congress-in-response-to-covid-19.htm

March 25, 2020 - Statistical Release - Household Debt Service and Financial Obligations Ratios - Household debt service payments and financial obligations as a percentage of disposable personal income; seasonally adjusted. www.federalreserve.gov/releases/housedebt/

March 24, 2020 - Federal Reserve Board announces implementation delay for changes to its Payment System Risk Policy regarding intraday credit - The Federal Reserve Board on Tuesday announced a six-month delay in the planned implementation of policy changes to procedures governing the provision of intraday credit to U.S. branches and agencies of foreign banking organizations. www.federalreserve.gov/newsevents/pressreleases/other20200324a.htm

March 23, 2020 - Chicago Fed National Activity Index - Index suggests economic growth picked up in February - The data through February were unlikely to have been affected much by the COVID-19 outbreak. Economic data for March will be incorporated in the next CFNAI released on April 20, 2020. www.chicagofed.org/~/media/publications/cfnai/2020/cfnai-march2020-pdf.pdf

March 23, 2020 - Request for 2019 Diversity Self-Assessments from FDIC-Regulated Financial Institutions - The FDIC's Office of Minority and Women Inclusion is requesting diversity self-assessments from FDIC-regulated financial institutions for 2019 in accordance with Section 342 of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010. www.fdic.gov/news/news/financial/2020/fil20023.html

March 23, 2020 - Federal Reserve System publishes annual financial statements - The Federal Reserve System on Monday released the 2019 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/other20200323a.htm

March 23, 2020 - Federal Reserve Board announces technical change to support the U.S. economy and allow banks to continue lending to creditworthy households and businesses - The interim final rule will phase in gradually, as intended, the automatic restrictions associated with a firm's "total loss absorbing capacity," or TLAC, buffer requirements, if the levels decline. www.federalreserve.gov/newsevents/pressreleases/bcreg20200323a.htm

March 23, 2020 - Federal Reserve announces extensive new measures to support the economy - The Federal Reserve is committed to using its full range of tools to support households, businesses, and the U.S. economy overall in this challenging time. www.federalreserve.gov/newsevents/pressreleases/monetary20200323b.htm

March 23, 2020 - Federal Reserve issues FOMC statement - The Federal Reserve is committed to use its full range of tools to support the U.S. economy in this challenging time and thereby promote its maximum employment and price stability goals. www.federalreserve.gov/newsevents/pressreleases/monetary20200323a.htm

March 23, 2020 - NCUA: Urgent Needs Grants Available to Help Credit Unions Affected by COVID-19 - Federally insured, low-income designated credit unions that experience unexpected costs as a result of COVID-19 can request urgent needs grants from the National Credit Union Administration. www.ncua.gov/newsroom/press-release/2020/ncua-urgent-needs-grants-available-help-credit-unions-affected-covid-19

March 22, 2020 - OCC Revises Short-Term Investment Fund Rule - The Office of the Comptroller of the Currency today announced an interim final rule to revise its short-term investment fund rule for national banks acting in a fiduciary capacity.
www.occ.gov/news-issuances/news-releases/2020/nr-occ-2020-38.html 
www.occ.gov/news-issuances/bulletins/2020/bulletin-2020-22.html

March 22, 2020 Joint Release/Agencies Provide Additional Information to Encourage Financial Institutions to Work with Borrowers Affected by COVID-19 - The federal financial institution regulatory agencies and the state banking regulators issued an interagency statement encouraging financial institutions to work constructively with borrowers affected by COVID-19 and providing additional information regarding loan modifications.
Press Release: www.fdic.gov/news/news/press/2020/pr20038.html
Press Release: www.fdic.gov/news/news/financial/2020/fil20022.html
Press Release: www.occ.gov/news-issuances/news-releases/2020/nr-ia-2020-39.html
Press Release: www.occ.gov/news-issuances/bulletins/2020/bulletin-2020-21.html
Press Release: www.ncua.gov/newsroom/press-release/2020/agencies-provide-additional-information-encourage-financial-institutions-work-borrowers-affected

March 20, 2020 - NCUA Releases 2019 Annual Report - The National Credit Union Administration today released its 2019 Annual Report(opens new window), highlighting the agency�s activities, policy initiatives, and accomplishments for the past year. www.ncua.gov/newsroom/press-release/2020/ncua-releases-2019-annual-report

March 20, 2020 - NCUA Announces Annual Meeting Flexibility - The National Credit Union Administration today issued Letter to Federal Credit Unions, 20-FCU-02, NCUA Actions Related to COVID-19 � Annual Meeting Flexibility, announcing greater flexibility in conducting annual meetings. www.ncua.gov/newsroom/press-release/2020/ncua-announces-annual-meeting-flexibility

March 20, 2020 - Licensing Filings : Use of Electronic Methods for Submission of Licensing Filings - The Office of the Comptroller of the Currency strongly recommends the use of electronic methods for submitting licensing filings to the OCC during the Coronavirus Disease 2019 pandemic. www.occ.gov/news-issuances/bulletins/2020/bulletin-2020-20.html

March 20, 2020 - Legal Interpretations - Federal Reserve Act, March 17 and 18, 2020.  www.federalreserve.gov/supervisionreg/legalinterpretations/federalreserveact2020.htm

March 20, 2020 - Statistical Release - Enhanced Financial Accounts, March 2020 - These projects provide additional detail for selected areas of the Financial Accounts. www.federalreserve.gov/releases/efa/enhanced-financial-accounts.htm

March 20, 2020 - Credit and Liquidity Programs and the Balance Sheet - Recent balance sheet trends, weekly chart update.  www.federalreserve.gov/monetarypolicy/bst_recenttrends.htm

March 20, 2020 - Federal Reserve Board expands its program of support for flow of credit to the economy by taking steps to enhance liquidity and functioning of crucial state and municipal money markets. www.federalreserve.gov/newsevents/pressreleases/monetary20200320b.htm

March 20, 2020 - Coordinated central bank action to further enhance the provision of U.S. dollar liquidity - The Bank of Canada, the Bank of England, the Bank of Japan, the European Central Bank, the Federal Reserve, and the Swiss National Bank are today announcing a coordinated action to further enhance the provision of liquidity via the standing U.S. dollar liquidity swap line arrangements. www.federalreserve.gov/newsevents/pressreleases/monetary20200320a.htm

March 19, 2020 - Regulatory Capital Rule: Eligible Retained Income - The FDIC, the Federal Reserve Board and the Office of the Comptroller of the Currency jointly issued an interim final rule that revises the definition of eligible retained income for all depository institutions, bank holding companies, and savings and loan holding companies subject to the agencies' capital rule, which becomes effective upon publication in the Federal Register. www.fdic.gov/news/news/financial/2020/fil20021.html

March 19, 2020 - Regulatory Capital Rule: Clarification on the Use of Buffers - The FDIC, the Federal Reserve Board and the Office of the Comptroller of the Currency are issuing the attached questions and answers in response to public inquiries on the agencies' Statement Regarding the Use of Capital and Liquidity Buffers, which was issued on March 17, 2010. www.fdic.gov/news/news/financial/2020/fil20020.html

March 19, 2020 - FDIC Demands Monetary Gold Cease False Advertising Campaign - The FDIC asserts that Monetary Gold of Woodland Hills, California, is engaging in a marketing campaign to sell gold products by falsely indicating that consumer insured bank deposits can be legally seized by banks. www.fdic.gov/news/news/press/2020/pr20037.html

March 19, 2020 - CRA Consideration for Activities in Response to the Coronavirus - The Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, and the Office of the Comptroller of the Currency have issued the attached joint statement on Community Reinvestment Act consideration for activities in response to the Coronavirus Disease. www.federalreserve.gov/supervisionreg/caletters/caltr2004.htm

March 19, 2020 - Federal Reserve Board encouraged by increase in discount window borrowing to support the flow of credit to households and businesses - The Federal Reserve Board is encouraged by the notable increase in discount window borrowing this week with banks demonstrating a willingness to use the discount window as a source of funding to support the flow of credit to households and businesses. www.federalreserve.gov/newsevents/pressreleases/monetary20200319c.htm

March 18, 2020 - Broker-Dealers - Template letter to bank temporarily exempting the bank from section 23A of the Federal Reserve Act (12 U.S.C 371c) and Regulation W (12 CFR part 223) for certain asset purchases by the bank from its affiliated broker-dealers to ease liquidity pressures around broker-dealers. See H.2 for specific actions. www.federalreserve.gov/supervisionreg/legalinterpretations/fedreserseactint20200318.pdf

March 17, 2020 - Money Market Mutual Funds - Template letter to bank temporarily exempting the bank from section 23A of the Federal Reserve Act (12 U.S.C 371c) and Regulation W (12 CFR part 223) for certain asset purchases by the bank from its affiliated money market mutual funds to ease liquidity pressures around money market mutual funds. www.federalreserve.gov/supervisionreg/legalinterpretations/fedreserseactint20200317.pdf
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March 19, 2020 - COVID19 Updates from the Fed: Board of Governors, Recent Developments Federal Reserve Financial Services www.federalreserve.gov/covid-19.htm

March 19, 2020 - Money Market Liquidity Facility : Interim Final Rule - https://www.occ.treas.gov/news-issuances/bulletins/2020/bulletin-2020-18.html

March 19, 2020 - OCC Enforcement Actions - 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. https://www.occ.treas.gov/news-issuances/news-releases/2020/nr-occ-2020-37.html

March 19, 2020 - Joint Statement on CRA Consideration for Activities in Response to the COVID-19 - The Federal Reserve Board, the FDIC, and the Office of the Comptroller of the Currency recognize the potential for the Coronavirus Disease to adversely affect the customers and operations of financial institutions.
Press Release: www.fdic.gov/news/news/financial/2020/fil20019.html
Press Release: www.occ.gov/news-issuances/bulletins/2020/bulletin-2020-19.html

March 19, 2020 - Frequently Asked Questions: For Financial Institutions and Consumers Affected by the Coronavirus - In response, the FDIC is providing two sets of frequently asked questions, one for financial institutions and one for consumers. www.fdic.gov/news/news/financial/2020/fil20018.html

March 19, 2020 - FDIC Chairman Urges FASB to Delay Certain Accounting Rules Amid Pandemic - Federal Deposit Insurance Corporation (FDIC) Chairman Jelena McWilliams today sent a letter to the Financial Accounting Standards Board urging a delay in transitions to and exclusions from certain accounting rules, including: www.fdic.gov/news/news/press/2020/pr20036.html

March 19, 2020 - Questions and Answers on Statement Regarding the Use of Capital and Liquidity Buffers - The Federal Reserve Board and the other federal banking agencies developed the attached document to respond to public inquiries from banking organizations regarding the use of their capital and liquidity buffers, and the application of the Board's total loss-absorbing capacity rule. www.federalreserve.gov/supervisionreg/srletters/sr2005.htm

March 19, 2020 - Federal Reserve announces the establishment of temporary U.S. dollar liquidity arrangements with other central banks - The Federal Reserve on Thursday announced the establishment of temporary U.S. dollar liquidity arrangements with the Reserve Bank of Australia, the Banco Central do Brasil, the Danmarks Nationalbank, the Bank of Korea, the Banco de Mexico, the Norges Bank, the Reserve Bank of New Zealand, the Monetary Authority of Singapore, and the Sveriges Riksbank. www.federalreserve.gov/newsevents/pressreleases/monetary20200319b.htm

March 19, 2020 - Federal bank regulatory agencies issue interim final rule for Money Market Liquidity Facility - To support the flow of credit to households and businesses, the federal bank regulatory agencies today announced an interim final rule to ensure that financial institutions will be able to effectively use a liquidity facility recently launched by the Federal Reserve Board.
Press Release: www.federalreserve.gov/newsevents/pressreleases/monetary20200319a.htm
Press Release: www.fdic.gov/news/news/press/2020/pr20035.html
Press Release: www.occ.gov/news-issuances/news-releases/2020/nr-ia-2020-36.html
Press Release: www.occ.gov/news-issuances/bulletins/2020/bulletin-2020-17.html

March 19, 2020 - NCUA - Deposits Are Safe in Federally Insured Credit Unions - The National Credit Union Administration is reminding credit union members of the safety of their deposits in federally insured credit unions.  www.ncua.gov/newsroom/press-release/2020/deposits-are-safe-federally-insured-credit-unions 

March 18, 2020 - FDIC Approves the Deposit Insurance Application for Nelnet Bank, Salt Lake City, Utah Area - The Board of Directors of the Federal Deposit Insurance Corporation approved the deposit insurance application submitted by Nelnet, Inc., Lincoln, Nebraska, to create a de novo industrial bank. www.fdic.gov/news/news/press/2020/pr20034.html

March 18, 2020 - FDIC Approves the Deposit Insurance Application for Square Financial Services, Inc., Salt Lake City, Utah - The Board of Directors of the Federal Deposit Insurance Corporation approved the deposit insurance application submitted by Square, Inc., San Francisco, California, to create a de novo industrial bank. www.fdic.gov/news/news/press/2020/pr20033.html
 
March 18, 2020 - FDIC: Insured Bank Deposits are Safe; Beware of Potential Scams Using the Agency's Name - In light of recent developments related to the coronavirus, the Federal Deposit Insurance Corporation is reminding Americans that FDIC-insured banks remain the safest place to keep their money.  www.fdic.gov/news/news/press/2020/pr20032.html

March 17, 2020 - OCC Reports Slight Improvement in Mortgage Performance - The OCC Mortgage Metrics Report, Fourth Quarter 2019 showed 96.5 percent of mortgages included in the report were current and performing at the end of the quarter, compared to 95.8 percent a year earlier. www.occ.gov/news-issuances/news-releases/2020/nr-occ-2020-35.html 

March 17, 2020 - COVID-19 and the Kansas City Fed - As one of the 12 Federal Reserve Banks that serve as operating arms of our nation�s central bank, the Kansas City Fed and its branch offices continue to carry out our key functions in our seven-state region during this extraordinary time. www.kansascityfed.org/newsroom/newsreleases/2020/covid-19%20and%20the%20kansas%20city%20fed

March 17, 2020 - FDIC Seeks Comment on Proposal to Ensure Safety and Soundness of Industrial Banks - The Federal Deposit Insurance Corporation is seeking comment on a proposed rule that would require certain conditions and commitments for approval or non-objection to certain filings involving an industrial bank or industrial loan company whose parent company is not subject to consolidated supervision by the Federal Reserve Board. www.fdic.gov/news/news/press/2020/pr20031.html

March 17, 2020 - Statistical Release - Industrial Production and Capacity Utilization - G.17 - Industrial production rose 0.6 percent in February after falling 0.5 percent in January. Manufacturing output edged up 0.1 percent in February; excluding a large gain for motor vehicles and parts and a large drop for civilian aircraft, factory output was unchanged. www.federalreserve.gov/releases/g17/current/default.htm 

March 17, 2020 - Federal Reserve Board announces establishment of a Commercial Paper Funding Facility to support the flow of credit to households and businesses - The Federal Reserve Board announced today that it will establish a Commercial Paper Funding Facility to support the flow of credit to households and businesses. www.federalreserve.gov/newsevents/pressreleases/monetary20200317a.htm

March 17, 2020 - Federal banking agencies provide banks additional flexibility to support households and businesses.
Press Release: www.federalreserve.gov/newsevents/pressreleases/bcreg20200317a.htm
Press Release: www.fdic.gov/news/news/press/2020/pr20030.html
Press Release: www.occ.gov/news-issuances/news-releases/2020/nr-ia-2020-34.html

March 16, 2020 - Consolidated Reports of Condition and Income : Supplemental Instructions for Nonaccrual Treatment of Purchased Credit-Deteriorated Assets - On March 13, 2020, the Office of the Comptroller of the Currency, the Board of Governors of the Federal Reserve, and the Federal Deposit Insurance Corporation issued supplemental instructions to the Federal Financial Institutions Examination Council�s Consolidated Reports of Condition and Income in response to comments received on the proposed Interagency Policy Statement on Allowances for Credit Losses. www.occ.gov/news-issuances/bulletins/2020/bulletin-2020-16.html

March 16, 2020 - Brian P. Brooks Named OCC Chief Operating Officer - The Office of the Comptroller of the Currency today announced Brian P. Brooks will become its next Chief Operating Officer and First Deputy Comptroller, effective April 1, 2020. www.occ.gov/news-issuances/news-releases/2020/nr-occ-2020-33.html

March 16, 2020 - Statistical Release - Finance Companies - G.20 - Owned and Managed Receivables Outstanding.  www.federalreserve.gov/releases/g20/current/g20.htm

March 16, 2020 - Federal Reserve Board approves actions by the Boards of Directors of the Federal Reserve Banks of Kansas City, Boston, Philadelphia, Cleveland, Richmond, Atlanta, Chicago, St. Louis, Dallas, and San Francisco.  www.federalreserve.gov/newsevents/pressreleases/monetary20200316a.htm

March 16, 2020 - Federal banking agencies encourage banks to use Federal Reserve discount window - The federal bank regulatory agencies today released a statement encouraging banks to use the Federal Reserve's "discount window" so that they can continue supporting households and businesses. Press Release: www.federalreserve.gov/newsevents/pressreleases/bcreg20200316a.htm
Press Releasae: www.fdic.gov/news/news/press/2020/pr20028.html
Press Release: www.occ.gov/news-issuances/news-releases/2020/nr-ia-2020-32.html

March 15, 2020 - Federal Reserve issues FOMC statement - The coronavirus outbreak has harmed communities and disrupted economic activity in many countries, including the United States. www.federalreserve.gov/newsevents/pressreleases/monetary20200315a.htm

March 15, 2020 - Federal Reserve Actions to Support the Flow of Credit to Households and Businesses - The Federal Reserve is carefully monitoring credit markets and is prepared to use its full range of tools to support the flow of credit to households and businesses and thereby promote its maximum employment and price stability goals. www.federalreserve.gov/newsevents/pressreleases/monetary20200315b.htm

March 15, 2020 - Coordinated central bank action to enhance the provision of U.S. dollar liquidity - The Bank of Canada, the Bank of England, the Bank of Japan, the European Central Bank, the Federal Reserve, and the Swiss National Bank are today announcing a coordinated action to enhance the provision of liquidity via the standing U.S. dollar liquidity swap line arrangements. www.federalreserve.gov/newsevents/pressreleases/monetary20200315c.htm

March 13, 2020 - Pandemic Planning : Working With Customers Affected by Coronavirus and Regulatory Assistance - The Office of the Comptroller of the Currency recognizes the potential for the Coronavirus Disease 2019 to adversely affect the customers and operations of banks. www.occ.gov/news-issuances/bulletins/2020/bulletin-2020-15.html

March 13, 2020 - Supervisory Practices Regarding Financial Institutions Affected by Coronavirus - On March 9, the Federal Reserve Board and the other federal financial institution regulatory agencies and state bank regulators issued a statement to encourage financial institutions to meet the financial services needs of their customers and members in areas affected by the Coronavirus. www.federalreserve.gov/supervisionreg/srletters/SR2004.htm

March 13, 2020 - 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 17, 2020. Matter(s) considered: Discussion of Monetary Policy Issues. www.federalreserve.gov/aboutthefed/boardmeetings/20200317closed.htm

March 13, 2020 - Credit and Liquidity Programs and the Balance Sheet - Recent balance sheet trends, weekly chart update. www.federalreserve.gov/monetarypolicy/bst_recenttrends.htm

March 12, 2020 - St. Louis Fed Welcomes New Members to Community Development Advisory Council - The Federal Reserve Bank of St. Louis appointed six new members to its Community Development Advisory Council, which twice a year meets to inform St. Louis Fed President James Bullard and Community Development staff about relevant issues and development efforts in the Eight Federal Reserve District. www.stlouisfed.org/news-releases/2020/03/st-louis-fed-welcomes-new-members-to-community-development-advisory-council
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March 12, 2020 - Federal and State Financial Regulatory Agencies Issue Interagency Statement on Supervisory Practices Regarding Financial Institutions Affected by Tornadoes in Tennessee. https://www.fdic.gov/news/news/press/2020/pr20027.html

March 12, 2020 - St. Louis Fed Welcomes New Members to Community Development Advisory Council - The Federal Reserve Bank of St. Louis appointed six new members to its Community Development Advisory Council, which twice a year meets to inform St. Louis Fed President James Bullard and Community Development staff about relevant issues and development efforts in the Eight Federal Reserve District. www.stlouisfed.org/news-releases/2020/03/st-louis-fed-welcomes-new-members-to-community-development-advisory-council 

March 11, 2020 - FDIC Extends Comment Period on Modernizing Agency's Signage & Advertising Requirements - The Federal Deposit Insurance Corporation today extended the public comment period for its Request for Information on potential ways to modernize the FDIC's sign and advertising rules, last updated in 2006.  www.fdic.gov/news/news/press/2020/pr20026.html

March 10, 2020 - NCUA Observes 50th Anniversary as Independent Regulator - We are marking a notable anniversary for the credit union industry: 50 years ago today, on March 10, 1970, the National Credit Union Administration was established as an independent regulator of our nation�s system of cooperative credit. www.ncua.gov/newsroom/press-release/2020/ncua-observes-50th-anniversary-independent-regulator

March 10, 2020 - Kathleen Roberts Joins St. Louis Fed�s Agribusiness Industry Council - Kathleen Roberts of St. Louis has been named to the Agribusiness Industry Council of the Federal Reserve Bank of St. Louis. Roberts is a regional vice president at agricultural lender CoBank. www.stlouisfed.org/news-releases/2020/03/kathleen-roberts-joins-st-louis-fed-agribusiness-industry-council

March 10, 2020 - Interagency Statement on Pandemic Planning - The member agencies of the Federal Financial Institutions Examination Council recently updated guidance identifying actions that financial institutions should take to minimize the potential adverse effects of a pandemic. www.federalreserve.gov/supervisionreg/srletters/SR2003.htm

March 10, 2020 - Legal Developments - Section 19 letters, January 8 (2 letters) and 22 (2 letters), 2020. www.federalreserve.gov/supervisionreg/ordersother2020.htm

March 9, 2020 - Agencies encourage financial institutions to meet financial needs of customers and members affected by coronavirus.
Press Release: www.federalreserve.gov/newsevents/pressreleases/bcreg20200309a.htm
Press Release: www.fdic.gov/news/news/press/2020/pr20025.html
Press Release: www.occ.gov/news-issuances/news-releases/2020/nr-ia-2020-30.html
Press Release: www.ncua.gov/newsroom/press-release/2020/agencies-encourage-financial-institutions-meet-financial-needs-customers-and-members-affected

March 6, 2020 - Licensing Amendments: Notice of Proposed Rulemaking - The Office of the Comptroller of the Currency is proposing to amend its rules relating to policies and procedures for corporate activities and transactions involving national banks and federal savings associations, codified at 12 CFR 5. www.occ.gov/news-issuances/bulletins/2020/bulletin-2020-12.html

March 6, 2020 - Pandemic Planning : Updated FFIEC Guidance - The Office of the Comptroller of the Currency, along with other members of the Federal Financial Institutions Examination Council, today issued updated guidance to remind financial institutions that their business continuity plans should address the threat of a pandemic outbreak and its potential impact on the delivery of critical financial services. www.occ.gov/news-issuances/bulletins/2020/bulletin-2020-13.html

March 6, 2020 - Perspectives on Balance Sheet and Credit Policies: A Tribute to Marvin Goodfriend By Esther George President and Chief Executive Officer
Federal Reserve Bank of Kansas City. www.kansascityfed.org/~/media/files/publicat/speeches/2020/2020-george-newyork-03-06.pdf

March 6, 2020 - The Federal Financial Institutions Examination Council today updated guidance identifying actions that financial institutions should take to minimize the potential adverse effects of a pandemic. www.ffiec.gov/press/pr030620.htm

March 6, 2020 - News and Uncertainty Shocks - Danilo Cascaldi-Garcia and Ana Beatriz Galvao - We provide novel evidence that technological news and uncertainty shocks, identified one at a time using VAR models as in the literature, are correlated; that is, they are not truly structural.  www.federalreserve.gov/econres/ifdp/news-and-uncertainty-shocks.htm

March 6, 2020 - Statistical Release - Consumer Credit - G.19 - In January, consumer credit increased at a seasonally adjusted annual rate of 3-1/2 percent. Revolving credit decreased at an annual rate of 3-1/4 percent, while nonrevolving credit increased at an annual rate of 5-3/4 percent. www.federalreserve.gov/releases/g19/current/default.htm

March 6, 2020 - The Great Recession and a Missing Generation of Exporters - William F. Lincoln, Andrew H. McCallum, and Michael Siemer - While the large collapse in aggregate international trade volumes during the Great Recession has been widely studied in the literature, the recovery is much less well understood. www.federalreserve.gov/econres/notes/feds-notes/the-great-recession-and-a-missing-generation-of-exporters-20200306.htm

March 6, 2020 - FOIA - Chair Powell's calendar, January 2020.  www.federalreserve.gov/foia/chair-powell-calendar-012020.htm

March 6, 2020 - Credit and Liquidity Programs and the Balance Sheet - Recent balance sheet trends, weekly chart update.  www.federalreserve.gov/monetarypolicy/bst_recenttrends.htm

March 6, 2020 - Agencies invite comment on updates to resolution plan guidance for large foreign banks - The Federal Deposit Insurance Corporation and the Federal Reserve Board on Friday invited public comment on proposed changes to the guidance for resolution plans submitted by large foreign banks, including plans that are due by July 1, 2021.
Press Release: www.federalreserve.gov/newsevents/pressreleases/bcreg20200306b.htm
Press Release: www.fdic.gov/news/news/press/2020/pr20024.html

March 6, 2020 - Federal Reserve Board publishes Community Reinvestment Act Analytics Data Tables - The Federal Reserve Board on Friday released a series of Community Reinvestment Act Analytics Data Tables. This data resource is intended to provide insight into the historical relationship between bank lending activity and regulatory assessments. www.federalreserve.gov/newsevents/pressreleases/bcreg20200306a.htm

March 6, 2020 - NCUA - Chairman Hood�s Statement on the Recent Inspector General Investigation - In November 2019, the NCUA learned about allegations of misconduct, including allegations of behaviors that may have constituted harassment, which were immediately reported to the Office of Inspector General.  www.ncua.gov/newsroom/press-release/2020/chairman-hoods-statement-recent-inspector-general-investigation

March 6, 2020 - NCUA - FFIEC Highlights Pandemic Preparedness Guidance - Pandemic preparedness is an important part of a financial institution�s business continuity planning. The guidance provides the Council�s prudent expectations that regulated institutions should periodically review related risk management plans, including continuity plans, to ensure their ability to continue to deliver their products and services in a wide range of scenarios and with minimal disruption. www.ncua.gov/newsroom/press-release/2020/ffiec-highlights-pandemic-preparedness-guidance

March 5, 2020 - OCC Issuances : Rescissions - The Office of the Comptroller of the Currency periodically reviews its issuances to identify issuances for rescission. This bulletin rescinds 205 OCC issuances, including some issued by the former Office of Thrift Supervision. www.occ.gov/news-issuances/bulletins/2020/bulletin-2020-11.html

March 5, 2020 - FDIC Offers Voluntary Retirement and Early Separation Program - The Federal Deposit Insurance Corporation today announced it will offer voluntary retirement and early separation opportunities to approximately 20 percent of its employees to help reshape the agency's workforce for the future and to enhance preparedness. www.fdic.gov/news/news/press/2020/pr20023.html

March 5, 2020 - Common and idiosyncratic inflation - Matteo Luciani - One of the major challenges that the Federal Reserve faces in achieving its goal of maintaining price stability is to avoid responding to sector- or industry-specific relative price changes or�even worse�to measurement error. www.federalreserve.gov/econres/notes/feds-notes/common-and-idiosyncratic-inflation-20200305.htm

March 5, 2020 - 2020 National Interagency Community Reinvestment Conference is postponed - After careful consideration of the growing public health concerns associated with the coronavirus, the organizing sponsors of the 2020 National Interagency Community Reinvestment Conference, scheduled March 9-12 in Denver, Colorado, have made the decision to postpone the conference. www.federalreserve.gov/newsevents/pressreleases/bcreg20200305a.htm
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March 5, 2020 - Detroit Economic Activity Index - 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 24 Detroit-specific data series capturing income, employment, residential and commercial real estate activity, electric customer counts, tax revenues, and port activity. www.chicagofed.org/publications/deai/index

March 5, 2020 - Third-Party Relationships : Frequently Asked Questions to Supplement OCC Bulletin 2013-29 - The Office of the Comptroller of the Currency is issuing frequently asked questions to supplement OCC Bulletin 2013-29, �Third-Party Relationships: Risk Management Guidance,� issued October 30, 2013.  www.occ.gov/news-issuances/bulletins/2020/bulletin-2020-10.html

March 5, 2020 - Comptroller of the Currency Statement on the House Financial Services Committee�s Report on Wells Fargo.  www.occ.gov/news-issuances/news-releases/2020/nr-occ-2020-26.html

March 5, 2020 - Supervision Manual - Bank Holding Company Supervision Manual, February 2020 - Effective December 31, 2017, the Board will no longer offer print versions or subscriptions for the Bank Holding Company Supervision Manual. www.federalreserve.gov/publications/supervision_bhc.htm

March 5, 2020 - Federal Reserve Board announces termination of enforcement actions with City National Bancshares Corporation and Community Financial Holding Company, Inc. www.federalreserve.gov/newsevents/pressreleases/enforcement20200305a.htm

March 5, 2020 - NCUA Releases Q4 2019 Credit Union System Performance Data - The NCUA�s Quarterly Data Summary Reports include an overview of the quarterly Call Report data as well as tables showing the recent history of major credit union performance indicators. www.ncua.gov/newsroom/press-release/2020/ncua-releases-q4-2019-credit-union-system-performance-data

March 4, 2020 - Survey shows growth increased in January and early February - The Chicago Fed Survey of Business Conditions Activity Index moved up to −1 from −7, suggesting that growth in economic activity remained at a modest pace in January and early February. www.chicagofed.org/~/media/publications/cfsbc/2020/cfsbc-march2020-pdf.pdf

March 4, 2020 - 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 2019. www.fdic.gov/news/news/press/2020/pr20021.html

March 4, 2020 - Beige Book - Informal review by the Federal Reserve Banks of current economic conditions in their Districts. www.federalreserve.gov/monetarypolicy/beige-book-default.htm

March 4, 2020 - Federal Reserve Board approves actions by the Boards of Directors of the Federal Reserve Banks of Cleveland and Atlanta.   www.federalreserve.gov/newsevents/pressreleases/monetary20200304a.htm

March 4, 2020 - Federal Reserve Board approves rule to simplify its capital rules for large banks, preserving the strong capital requirements already in place.   www.federalreserve.gov/newsevents/pressreleases/bcreg20200304a.htm

March 3, 2020 - Brave-Butters-Kelley Indexes - The Brave-Butters-Kelley Indexes are a research project of the Federal Reserve Bank of Chicago. The BBK Coincident and Leading Indexes and Monthly GDP Growth for the U.S. are constructed from a collapsed dynamic factor analysis of a panel of 500 monthly measures of real economic activity and quarterly real GDP growth. www.chicagofed.org/publications/bbki/index

March 3, 2020 - NCUA�s Hood Leads Discussion on Minority Depository Institution Preservation - Chairman Moderates Conversation with Financial Regulators during Freedman�s Bank Forum.   www.ncua.gov/newsroom/press-release/2020/ncuas-hood-leads-discussion-minority-depository-institution-preservation

March 3, 2020 - NCUA Chairman Rodney E. Hood Remarks at The Freedman�s Bank Forum.  www.ncua.gov/newsroom/speech/2020/ncua-chairman-rodney-e-hood-remarks-freedmans-bank-forum

March 3, 2020 - OCC Releases CRA Evaluations for 19 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, 2020 through February 29, 2020. https://www.occ.gov/news-issuances/news-releases/2020/nr-occ-2020-25.html

March 3, 2020 - Comptroller of the Currency Marks the 155th Anniversary of the Freedman's Savings and Trust Company - Comptroller of the Currency Joseph M. Otting today joined Secretary of the Treasury Steven T. Mnuchin and other federal officials to commemorate the 155th anniversary of the Freedman�s Savings and Trust Company�s charter. www.occ.gov/news-issuances/news-releases/2020/nr-occ-2020-24.html

March 3, 2020 - Notice of a Meeting under Expedited Procedures - A closed meeting of the Board of Governors of the Federal Reserve System was held at 7:30 p.m. on March 2, 2020. Matter(s) considered: Discussion of Monetary Policy Issues. www.federalreserve.gov/aboutthefed/boardmeetings/20200302closed.htm

March 3, 2020 - Federal Reserve issues FOMC statement - The fundamentals of the U.S. economy remain strong. However, the coronavirus poses evolving risks to economic activity. In light of these risks and in support of achieving its maximum employment and price stability goals, the Federal Open Market Committee decided today to lower the target range for the federal funds rate by 1/2 percentage point, to 1 to 1‑1/4 percent. www.federalreserve.gov/newsevents/pressreleases/monetary20200303a.htm

March 2, 2020 - Protecting Tenants at Foreclosure Act : Revised Comptroller's Handbook Booklet and Rescissions - This booklet provides information and procedures for examiners in connection with the foreclosure activities and related consumer protections covered under the Protecting Tenants at Foreclosure Act of 2009. www.occ.gov/news-issuances/bulletins/2020/bulletin-2020-9.html 

March 2, 2020 - Emerging Trends in U.S and Oklahoma Economies By Chad Wilkerson Vice President and Oklahoma City Branch Executive.   www.kansascityfed.org/~/media/files/publicat/speeches/2020/2020-wilkerson-bartlesville-rotary-03-02.pdf

March 2, 2020 - Regulatory Reform - Communications with the public through March 2, 2020 - 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 2, 2020 - Statistical Release - Foreign Exchange Rates - G.5 - The tabl e below shows the average rates of exchange in FEBRUARY 2020 together with comparable figures for other months. https://www.federalreserve.gov/releases/g5/current/default.htm 

March 2, 2020 - 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/caltr2001.htm

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