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March 31, 2021 - Nebraska’s Economy Outperforms through Crisis and Recession - Throughout the crisis and recession, Nebraska’s economy has outperformed that of many other states and the nation as a whole. www.kansascityfed.org/omaha/nebraska-economist/nebraskas-economy-outperforms-through-crisis-and-recession/ March 31, 2021 - Acting Comptroller of the Currency Statement Regarding Climate Risk at the Financial Stability Oversight Council www.occ.gov/news-issuances/news-releases/2021/nr-occ-2021-40.html March 31, 2021 - Indianapolis’ Newspaper Federal Credit Union Closes, Most Shares Assumed by Elements Financial - Elements Financial Federal Credit Union of Indianapolis, Indiana, immediately assumed most of Indianapolis’ Newspaper Federal Credit Union’s shares. Elements Financial Federal Credit Union is a federally insured and chartered credit union with 116,004 members and assets of more than $2 billion, according to the credit union’s most recent Call Report. www.ncua.gov/newsroom/press-release/2021/indianapolis-newspaper-federal-credit-union-closes-most-shares-assumed-elements-financial March 31, 2021 - NCUA Issues Prohibition Notice - The National Credit Union Administration issued one prohibition notice in March. This individual is prohibited from participating in the affairs of any federally insured financial institution. www.ncua.gov/newsroom/press-release/2021/ncua-issues-prohibition-notice-0 _______________ March 31, 2021 - Membership of State Banking Institutions in the Federal Reserve System - Staff of the Board of Governors of the Federal Reserve System has developd the following frequently asked questions to assist entities in complying with the Board's Regulation H. www.federalreserve.gov/supervisionreg/legalinterpretations/reg-h-frequently-asked-questions.htm March 31, 2021 - International Banking Operations - Staff of the Board of Governors of the Federal Reserve System has developed the following frequently asked questions (FAQs) to assist entities in complying with the Board's Regulation K. www.federalreserve.gov/supervisionreg/legalinterpretations/reg-k-frequently-asked-questions.htm March 31, 2021 - Management Official Interlocks: The "Interlocks Rule" Staff of the Board of Governors of the Federal Reserve System has developed the following frequently asked questions to assist entities in complying with the Depository Institution Management Interlocks Act and the Board's Interlocks Rule www.federalreserve.gov/supervisionreg/legalinterpretations/reg-l-frequently-asked-questions.htm March 31, 2021 - Loans to Executive Officers, Directors, and Principal Shareholders of Member Banks - Staff of the Board of Governors of the Federal Reserve System has developed the following frequently asked questions to assist entities in complying with the Board's Regulation O. www.federalreserve.gov/supervisionreg/legalinterpretations/reg-o-frequently-asked-questions.htm March 31, 2021 - Transactions Between Member Banks and Their Affiliates- Staff of the Board of Governors of the Federal Reserve System has developed the following frequently asked questions (FAQs) to assist entities in complying with the Board's Regulation W. www.federalreserve.gov/supervisionreg/legalinterpretations/reg-w-frequently-asked-questions.htm March 31, 2021 - Bank Holding Companies and Change in Bank Control - Staff of the Board of Governors of the Federal Reserve System has developed the following frequently asked questions (FAQs) to assist entities in complying with the Board's Regulation Y. www.federalreserve.gov/supervisionreg/legalinterpretations/reg-y-frequently-asked-questions.htm March 31, 2021 - Midwest Economy Index Suggests Slower Growth Through February - The Midwest Economy Index which approximates quarterly growth at a monthly frequency, fell to +0.35 in February from +0.65 in January. www.chicagofed.org/~/media/publications/mei/2021/mei-february2021-pdf.pdf March 31, 2021 - The Global Saving Glut and the Fall in U.S. Real Interest Rates: A 15-Year Retrospective By Robert Barsky , Matthew Easton - Over the period 1992�2019, the real yield on ten-year U.S. Treasury securities fell by about 350 basis points. www.chicagofed.org/publications/economic-perspectives/2021/1 March 31, 2021 - NCUA Issues Prohibition Notice - The National Credit Union Administration issued one prohibition notice in March. www.ncua.gov/newsroom/press-release/2021/ncua-issues-prohibition-notice-0 March 31, 2021 - Nebraska�s Economy Outperforms through Crisis and Recession - Throughout the crisis and recession, Nebraska�s economy has outperformed that of many other states and the nation as a whole. www.kansascityfed.org/omaha/nebraska-economist/nebraskas-economy-outperforms-through-crisis-and-recession/ March 31, 2021 - Cell Phone Data Suggest Persistent Differences in Work from Home by Income, Race, and Education during the Pandemic - Social-distancing policies to combat the spread of COVID-19 led to an initial spike in work from home. www.kansascityfed.org/research/economic-bulletin/cell-phone-data-suggests-persistent-differences/ March 31, 2021 - FDIC Consumer Compliance Supervisory Highlights - The purpose of this publication is to enhance transparency regarding the FDIC�s consumer compliance supervisory activities and to provide a high-level overview of consumer compliance issues identified in 2020 through the FDIC�s supervision of state non-member banks and thrifts. www.fdic.gov/news/press-releases/2021/pr21026.html March 31, 2021 - Semiannual Reports on Banking Applications Activity - This report provides information regarding the applications filed by banking organizations and reviewed by the Federal Reserve as of the most recent reporting period ending on June 30 and December 31 of each calendar year. www.federalreserve.gov/publications/semiannual-report-on-banking-applications-activity.htm March 31, 2021 - Report to the Congress on the Office of Minority and Women Inclusion - This annual report outlines the Office of Minority and Women Inclusion�s activities, successes, and challenges. www.federalreserve.gov/publications/minority-women-inclusion.htm March 31, 2021 - Fundamental Arbitrage under the Microscope: Evidence from Detailed Hedge Fund Transaction Data - Bastian von Beschwitz, Sandro Lunghi, Daniel Schmidt - We exploit detailed transaction and position data for a sample of long-short equity hedge funds to study the trading activity of fundamental investors. www.federalreserve.gov/econres/feds/fundamental-arbitrage-under-microscope-evidence-from-detailed-hedge-fund-transaction-data.htm March 31, 2021 - Publication - No FEAR Act - The Notification and Federal Employee Anti-discrimination and Retaliation Act of 2002 increases federal agency accountability for acts of discrimination or reprisal against employees. www.federalreserve.gov/publications/no-FEAR-act.htm March 31, 2021 - Regulatory Reform - Discount Window Lending, 2019:Q1 - By providing ready access to funding, the discount window helps depository institutions manage their liquidity risks efficiently and avoid actions that have negative consequences for their customers, such as withdrawing credit during times of market stress. www.federalreserve.gov/regreform/discount-window.htm March 30, 2021 - 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!� (Guide). Press Release: www.federalreserve.gov/supervisionreg/caletters/caltr2107.htm Press Release: www.fdic.gov/news/financial-institution-letters/2021/fil21021.html March 30, 2021 - Back to the Present: Learning about the Euro Area through a Now-casting Model - Danilo Cascaldi-Garcia, Thiago RT Ferreira, Domenico Giannone, Michele Modugno - We build a model for simultaneously now-casting economic conditions in the euro area and its three largest member countries| Germany, France, and Italy. www.federalreserve.gov/econres/ifdp/back-to-the-present-learning-about-the-euro-area-through-a-now-casting-model.htm March 30, 2021 - The Dollar and Corporate Borrowing Costs - Ralf R. Meisenzahl, Friederike Niepmann, and Tim Schmidt-Eisenlohr - We identify the effect of dollar movements using spread and loan amount adjustments during the syndication process. https://www.federalreserve.gov/econres/ifdp/the-dollar-and-corporate-borrowing-costs.htmwww.federalreserve.gov/econres/ifdp/the-dollar-and-corporate-borrowing-costs.htm March 30, 2021 - Federal Open Market Committee - Historical Memos, 1975-76. www.federalreserve.gov/monetarypolicy/fomc-memos-by-year.htm March 30, 2021 - Speech by Vice Chair for Supervision Quarles on addressing financial stability challenges in an age of interconnectedness, innovation, and change - Vice Chair for Supervision and Chair of the Financial Stability Board Randal K. Quarles At the Peterson Institute for International Economics, Washington, D.C. (via webcast) www.federalreserve.gov/newsevents/speech/quarles20210330a.htm March 30, 2021 - Federal Reserve Board issues enforcement action with institution-affiliated parties of Farmers State Bank. www.federalreserve.gov/newsevents/pressreleases/enforcement20210330a.htm March 29, 2021 - The NCUA Board unanimously approved by notation vote a 30-day extension of the comment period for its proposed rule on credit union service organizations, Part 712. www.ncua.gov/news/press-releases March 29, 2021 - Fourth Quarter 2020 Small Business Lending Survey results - Balances on new small business commercial and industrial loans in the fourth quarter of 2020 declined 20.1 percent from the third quarter. www.kansascityfed.org/surveys/small-business-lending-survey/paycheck-protection-program-activity-drives-changes-in-small-business-ci-lending/ March 29, 2021 - Suspension of Regulation D Examination Procedures - On April 28, 2020, the Board of Governors of the Federal Reserve published an interim final rule1 to amend Regulation D to delete the six-per-month limit on convenient transfers from the �savings deposit� definition. www.federalreserve.gov/supervisionreg/caletters/caltr2106.htm March 29, 2021 - Speech by Governor Christopher J. Waller - Treasury�Federal Reserve Cooperation and the Importance of Central Bank Independence At the Peterson Institute for International Economics, Washington, D.C. (via webcast). www.federalreserve.gov/newsevents/speech/waller20210329a.htm March 29, 2021 - Agencies seek wide range of views on financial institutions' use of artificial intelligence - The agencies seek information from the public on how financial institutions use AI in their activities, including fraud prevention, personalization of customer services, credit underwriting, and other operations. Press Release: www.federalreserve.gov/newsevents/pressreleases/bcreg20210329a.htm Press Release: www.fdic.gov/news/press-releases/2021/pr21025.html Press Release: www.occ.gov/news-issuances/news-releases/2021/nr-ia-2021-39.html Press Release: www.ncua.gov/newsroom/press-release/2021/agencies-seek-wide-range-views-financial-institutions-use-artificial-intelligence March 26, 2021 - Perspectives on the U.S. Economy - A virtual moderated discussion between President Evans and the Japan America Society of Chicago. The event took place on March 24th. www.chicagofed.org/publications/speeches/2021/jas-perspectives-on-the-economy March 26, 2021 - NCUA Board Extends Comment Period for Proposed CUSO Rule - This rule, proposed during the January 2021 NCUA Board Meeting, would expand the list of permissible activities and services for CUSOs. www.ncua.gov/newsroom/press-release/2021/ncua-board-extends-comment-period-proposed-cuso-rule March 26, 2021 - Commercial Lending: Tax Equity Finance Transactions Pursuant to 12 CFR 7.1025 - On December 22, 2020, the Office of the Comptroller of the Currency issued a final rule codifying the authority of banks to engage in TEF transactions under their 12 USC 24 and 12 USC 1464 lending authority, respectively. www.occ.treas.gov/news-issuances/bulletins/2021/bulletin-2021-15.html March 26, 2021 - FDIC�s Rapid Phased Prototyping Initiative - The RPP initiative is a competition designed to accelerate the adoption of modern technological solutions to help the FDIC fulfill its mission. www.fdic.gov/news/financial-institution-letters/2021/fil21019.html March 26, 2021 - Gregory P. Bottone Named FDIC Chicago Regional Director - In this position, he will direct both Risk Management and Consumer Protection supervision programs for financial institutions in Indiana, Illinois, Kentucky, Ohio, Michigan and Wisconsin. www.fdic.gov/news/press-releases/2021/pr21024.html March 26, 2021 - 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/press-releases/2021/pr21023.html March 26, 2021 - Credit and Liquidity Programs and the Balance Sheet - Recent balance sheet trends, weekly chart update. www.federalreserve.gov/monetarypolicy/bst_recenttrends.htm March 26, 2021 - Dynamic Econometrics in Action: A Biography of David F. Hendry - Neil R. Ericsson - David Hendry has made�and continues to make�pivotal contributions to the econometrics of empirical economic modeling, economic forecasting, econometrics software, substantive empirical economic model design, and economic policy. www.federalreserve.gov/econres/ifdp/dynamic-econometrics-in-action-a-biography-of-david-f-hendry.htm March 26, 2021 - 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 25, 2021 - OCC Reports Decline in Mortgage Performance for Fourth Quarter 2020 - The Office of the Comptroller of the Currency reported that the performance of first-lien mortgages in the federal banking system declined during the fourth quarter of 2020. www.occ.gov/news-issuances/news-releases/2021/nr-occ-2021-38.html March 25, 2021 - Local Projections, Autocorrelation, and Efficiency - A more accurate estimator of causal effects may help economists better evaluate how monetary policy affects the economy. www.kansascityfed.org/research/research-working-papers/local-projections-autocorrelation-efficiency/ March 25, 2021 - Tenth District Manufacturing Activity Grew Solidly - Tenth District manufacturing activity grew solidly compared to a month ago and a year ago with positive expectations for future activity. www.kansascityfed.org/surveys/manufacturing-survey/tenth-district-manufacturing-activity-grew-solidly/ _________________________ March 26, 2021 - The Federal Deposit Insurance Corporation (FDIC) 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 2021. https://www.fdic.gov/news/press-releases/2021/pr21023.html March 25, 2021 - NCUA -Registration Now Open for April 14 Webinar on BSA/AML Compliance - Federally insured credit unions can get valuable information on Bank Secrecy Act and anti-money laundering compliance during a National Credit Union Administration webinar scheduled for April 14. www.ncua.gov/newsroom/press-release/2021/registration-now-open-april-14-webinar-bsaaml-compliance March 25, 2021 - OCC Reports Decline in Mortgage Performance for Fourth Quarter 2020 - The Office of the Comptroller of the Currency reported that the performance of first-lien mortgages in the federal banking system declined during the fourth quarter of 2020. www.occ.treas.gov/news-issuances/news-releases/2021/nr-occ-2021-38.html March 25, 2021 - March 24, 2021 - TEN TALK: Episode 6 - Why are Americans saving so much of their income? - Research and Policy Advisor Lee Smith examines savings rates during the pandemic and finds Americans saved more than ever. www.kansascityfed.org/ten/tentalk-podcast/ten-talk-episode-6-why-are-Americans-saving-so-much-of-their-income/ March 23, 2021 - Farm Lending Pullback Continues - Agricultural debt at commercial banks eased further at the end of 2020, and loan repayment problems moderated slightly. www.kansascityfed.org/agriculture/agfinance-updates/farm-lending-pullback-continues/ March 25, 2021 - Local Projections, Autocorrelation, and Efficiency - A more accurate estimator of causal effects may help economists better evaluate how monetary policy affects the economy. www.kansascityfed.org/research/research-working-papers/local-projections-autocorrelation-efficiency/ March 25, 2021 - Senior Credit Officer Opinion Survey on Dealer Financing Terms, March 2021 - The March 2021 Senior Credit Officer Opinion Survey on Dealer Financing Terms collected qualitative information on changes in credit terms and conditions in securities financing and over-the-counter derivatives markets between December 2020 and February 2021. www.federalreserve.gov/data/scoos/scoos-202103.htm March 25, 2021 - Speech by Vice Chair Clarida on U.S. economic outlook and monetary policy - Vice Chair Richard H. Clarida At the 2021 Institute of International Finance Washington Policy Summit, Washington, D.C. (via webcast) www.federalreserve.gov/newsevents/speech/clarida20210325a.htm March 25, 2021 - Federal Reserve Board issues enforcement action with former employee of Texas Community Bank. www.federalreserve.gov/newsevents/pressreleases/enforcement20210325a.htm March 23, 2021 - NCUA - Harper Discusses Economic Outlook, Urges Credit Unions Against Garnishing Stimulus Payments - Although the COVID-19 pandemic continues to pose challenges for the country and the credit union system, the economic outlook has recently improved, National Credit Union Administration Chairman Todd M. Harper said yesterday during the Maine Credit Union League�s Town Hall Meeting. https://www.ncua.gov/newsroom/press-release/2021/harper-discusses-economic-outlook-urges-credit-unions-against-garnishing-stimulus-payments March 23, 2021 - OCC Reports Fourth Quarter 2020 Bank Trading Revenue - The Office of the Comptroller of the Currency reported trading revenue of U.S. commercial banks and savings associations of $6.3 billion in the fourth quarter of 2020. www.occ.gov/news-issuances/news-releases/2021/nr-occ-2021-37.html March 23, 2021 - OCC Hosts Minority Depository Institutions Advisory Committee Meeting April 13 Via Webinar - The Office of the Comptroller of the Currency today announced it will host a public meeting of the Minority Depository Institutions Advisory Committee on Tuesday, April 13, 2021, via webinar. www.occ.gov/news-issuances/news-releases/2021/nr-occ-2021-36.html March 23, 2021 - Statistical Release - Money Stock Measures - H.6 Release - This release includes seasonally adjusted measures of the monetary aggregates and components produced with revised seasonal factors, which were derived from data through December 2020 and estimated using the Census Bureau's X-13ARIMA-SEATS seasonal adjustment program. www.federalreserve.gov/releases/h6/current/default.htm March 23, 2021 - Testimony by Chair Jerome H. Powell Coronavirus Aid, Relief, and Economic Security Act Before the Committee on Financial Services, U.S. House of Representatives. www.federalreserve.gov/newsevents/testimony/powell20210323a.htm March 23, 2021 - Speech by Governor Brainard on remaining patient as the outlook brightens - Governor Lael Brainard At the National Association for Business Economics Virtual 37th Annual Economic Policy Conference, Washington, D.C. (via webcast) www.federalreserve.gov/newsevents/speech/brainard20210323b.htm March 23, 2021 - Federal Reserve Board issues enforcement action with Orient Bancorporation and Bank of the Orient. www.federalreserve.gov/newsevents/pressreleases/enforcement20210323a.htm March 22, 2021 - NCUA Chairman Todd M. Harper Remarks at the Maine Credit Union League Town Hall Meeting. www.ncua.gov/newsroom/speech/2021/ncua-chairman-todd-m-harper-remarks-maine-credit-union-league-town-hall-meeting March 22, 2021 - Emergency Capital Investment Program: Regulatory Capital Treatment of Instruments Issued Under the Emergency Capital Investment Program: Interim Final Rule. Emergency Capital Investment Program: Regulatory Capital Treatment of Instruments Issued Under the Emergency Capital Investment Program: Interim Final Rule | OCC (treas.gov) March 22, 2021 - Testimony by Chair Jerome H. Powell - Coronavirus Aid, Relief, and Economic Security Act Before the Committee on Financial Services, U.S. House of Representatives. www.federalreserve.gov/newsevents/testimony/powell20210323a.htm March 22, 2021 - Gender and Social Networks on Bank Boards - Ann L. Owen, Judit Temesvary and Andrew Wei - We examine the effect of the social networks of bank directors on board gender diversity and compensation using a unique, newly compiled dataset over the 1999-2018 period. www.federalreserve.gov/econres/feds/gender-and-social-networks-on-bank-boards.htm March 22, 2021 - Global Stablecoins: Monetary Policy Implementation Considerations from the U.S. Perspective - Matthew Malloy and David Lowe - This note explores the potential effects of the widespread adoption of a global stablecoin on key aggregate financial sector balance sheets in the United States. www.federalreserve.gov/econres/feds/global-stablecoins-monetary-policy-implementation-considerations.htm March 22, 2021 - Keynote remarks by Vice Chair for Supervision Quarles at an event hosted by the Alternative Reference Rates Committee Vice Chair for Supervision Randal K. Quarles At "The SOFR Symposium: The Final Year," an event hosted by the Alternative Reference Rates Committee, New York, New York (via webcast) www.federalreserve.gov/newsevents/speech/quarles20210322a.htm March 22, 2021 - Federal Reserve System publishes annual financial statements - The Federal Reserve System on Monday released the 2020 combined annual audited financial statements for the Federal Reserve Banks, as well as statements for the 12 individual Federal Reserve Banks, the Board of Governors, and five limited liability companies that manage and operate some of the credit facilities established by the Board in response to the COVID-19 pandemic. Press Release: www.federalreserve.gov/newsevents/pressreleases/other20210322a.htm Press Release: www.occ.treas.gov/news-issuances/bulletins/2021/bulletin-2021-14.html March 19, 2021 - NCUA - U.S. Central, Members United, Southwest Corporate Capital Holders to Receive Distribution - Through a live audio webcast, the National Credit Union Administration Board held its third open meeting of 2021 and unanimously approved two items: www.ncua.gov/newsroom/press-release/2021/us-central-members-united-southwest-corporate-capital-holders-receive-distribution March 19, 2021 - Statistical Release - Enhanced Financial Accounts, March 2021 update. www.federalreserve.gov/releases/efa/enhanced-financial-accounts.htm March 19, 2021 - Credit and Liquidity Programs and the Balance Sheet - Recent balance sheet trends, weekly chart update. www.federalreserve.gov/monetarypolicy/bst_recenttrends.htm March 19, 2021 - Non-Financial Corporate Credit and Recessions - Stephanie E. Curcuru and Mohammad R. Jahan-Parvar - The global financial crisis of 2008-09 followed an extended period of growth in non-financial corporate sector debt. www.federalreserve.gov/econres/notes/feds-notes/non-financial-corporate-credit-and-recessions-20210319.htm March 19, 2021 - The Ways the Cookie Crumbles: Education and the Margins of Cyclical Adjustment in the Labor Market - Cynthia L. Doniger - I document that less educated workers experience higher and more cyclically sensitive job separation rates. www.federalreserve.gov/econres/feds/the-ways-the-cookie-crumbles-education-and-the-margins-of-cyclical-adjustment-in-the-labor-market.htm March 19, 2021 - The Macro Effects of Climate Policy Uncertainty - Stephie Fried, Kevin Novan, William B. Peterman - Uncertainty surrounding if and when the U.S. government will implement a federal climate policy introduces risk into the decision to invest in capital used in conjunction with fossil fuels. www.federalreserve.gov/econres/feds/the-macro-effects-of-climate-policy-uncertainty.htm March 19, 2021 - Liquidity Networks, Interconnectedness, and Interbank Information Asymmetry - Celso Brunetti, Jeffrey H. Harris, and Shawn Mankad - Network analysis has demonstrated that interconnectedness among market participants results in spillovers, amplifies or absorbs shocks, and creates other nonlinear effects that ultimately affect market health. www.federalreserve.gov/econres/feds/liquidity-networks-interconnectedness-and-interbank-information-asymmetry.htm March 19, 2021 - The Fed's Discount Window in "Normal" Times - Huberto M. Ennis and Elizabeth Klee - We study new transaction-level data of discount window borrowing in the U.S. between 2010 and 2017, merged with quarterly data on bank financial conditions. www.federalreserve.gov/econres/feds/the-feds-discount-window-in-normal-times.htm March 19, 2021 - Consumption-Based Asset Pricing When Consumers Make Mistakes - Chris Anderson - I analyze the implications of allowing consumers to make mistakes on the risk-return relationships predicted by consumption-based asset pricing models. www.federalreserve.gov/econres/feds/consumption-based-asset-pricing-when-consumers-make-mistakes.htm March 19, 2021 - The Effect of Mortgage Forbearance on House Prices During COVID-19 - Elliot Anenberg and Tess Scharlemann - The contrast between the labor market and house prices during the pandemic has been stark. www.federalreserve.gov/econres/notes/feds-notes/the-effect-of-mortgage-forbearance-on-house-prices-during-covid-19-20210319.htm March 19, 2021 - Temporary supplementary leverage ratio changes to expire as scheduled - The federal bank regulatory agencies today announced that the temporary change to the supplementary leverage ratio, or SLR, for depository institutions issued on May 15, 2020, will expire as scheduled on March 31, 2021. Press Release: www.federalreserve.gov/newsevents/pressreleases/bcreg20210319b.htm Press Release: www.fdic.gov/news/press-releases/2021/pr21022.html Press Release: www.occ.gov/news-issuances/news-releases/2021/nr-ia-2021-35.html March 19, 2021 - Federal Reserve Board announces that the temporary change to its supplementary leverage ratio for bank holding companies will expire as scheduled on March 31. www.federalreserve.gov/newsevents/pressreleases/bcreg20210319a.htm March 18, 2021 - NCUA Chairman Todd M. Harper Statement on the NCUA Guaranteed Notes and Asset Management Estates Briefing. www.ncua.gov/newsroom/speech/2021/ncua-chairman-todd-m-harper-statement-ncua-guaranteed-notes-and-asset-management-estates-briefing March 18, 2021 - NCUA Chairman Todd M. Harper Statement on Temporary Interim Final Rule on Asset Thresholds Pertaining to Large Credit Unions. www.ncua.gov/newsroom/speech/2021/ncua-chairman-todd-m-harper-statement-temporary-interim-final-rule-asset-thresholds-pertaining-large March 18, 2021 - NCUA Chairman Todd M. Harper Statement on Central Liquidity Facility Interim Final Rule. www.ncua.gov/newsroom/speech/2021/ncua-chairman-todd-m-harper-statement-central-liquidity-facility-interim-final-rule March 18, 2021 - NCUA Chairman Todd M. Harper Statement on the One-Year Anniversary of the Remote Work Posture. www.ncua.gov/newsroom/speech/2021/ncua-chairman-todd-m-harper-statement-one-year-anniversary-remote-work-posture March 18, 2021 - NCUA Vice Chairman Kyle S. Hauptman Statement on the NGN and Asset Management Estates Programs Briefing. www.ncua.gov/newsroom/speech/2021/ncua-vice-chairman-kyle-s-hauptman-statement-ngn-and-asset-management-estates-programs-briefing March 18, 2021 - NCUA Vice Chairman Kyle S. Hauptman Statement on Asset Thresholds Pertaining to Large Credit Unions. www.ncua.gov/newsroom/speech/2021/ncua-vice-chairman-kyle-s-hauptman-statement-asset-thresholds-pertaining-large-credit-unions March 18, 2021 - NCUA Vice Chairman Kyle S. Hauptman Statement on the One-Year Anniversary of the Pandemic. www.ncua.gov/newsroom/speech/2021/ncua-vice-chairman-kyle-s-hauptman-statement-one-year-anniversary-pandemic March 18, 2021 - NCUA Board Member Rodney E. Hood Statement on Central Liquidity Facility Interim Final Rule. www.ncua.gov/newsroom/speech/2021/ncua-vice-chairman-kyle-s-hauptman-statement-central-liquidity-facility-interim-final-rule March 18, 2021 - OCC Appoints Five New Members to Mutual Savings Association Advisory Committee - The MSAAC's role includes assessing the condition of mutual savings associations, considering regulatory changes, and recommending steps the OCC may take to ensure the health and vitality of the mutual savings association industry. www.occ.gov/news-issuances/news-releases/2021/nr-occ-2021-34.html March 18, 2021 - OCC Appoints Seven New Members to Minority Depository Institutions Advisory Committee - The MDIAC advises the OCC on steps it can take to ensure the continued health and viability of minority depository institutions and other issues of concern to these institutions. www.occ.gov/news-issuances/news-releases/2021/nr-occ-2021-33.html March 18, 2021 - Statistical Release - Finance Companies - G.20. www.federalreserve.gov/releases/g20/current/g20.htm March 18, 2021 - Speech by Chair Jerome H. Powell - Closing Remarks At "Pushing the Frontiers of Payments: Towards Faster, Cheaper, More Transparent and More Inclusive Cross Border Payments," a conference hosted by the Committee on Payments and Market Infrastructures, Basel, Switzerland (via prerecorded video) www.federalreserve.gov/newsevents/speech/powell20210318a.htm _______________________ March 18, 2021 - OCC Enforcement Actions and Terminations - The Office of the Comptroller of the Currency today released new enforcement actions taken against national banks, federal savings associations, and individuals currently and formerly affiliated with national banks and federal savings associations. www.occ.gov/news-issuances/news-releases/2021/nr-occ-2021-32.html March 18, 2021 - Closing remarks by Chair Powell at a conference hosted by the Committee on Payments and Market Infrastructures At "Pushing the Frontiers of Payments: Towards Faster, Cheaper, More Transparent and More Inclusive Cross Border Payments," a conference hosted by the Committee on Payments and Market Infrastructures, Basel, Switzerland (via prerecorded video). www.federalreserve.gov/newsevents/speech/powell20210318a.htm March 18, 2021 - Federal Reserve Board issues enforcement action with Bryn Mawr Trust Company - Flood insurance violations civil money penalty, dated March 16, 2021. www.federalreserve.gov/newsevents/pressreleases/enforcement20210318a.htm March 17, 2021 - Federal Reserve Board and Federal Open Market Committee release economic projections from the March 16-17 FOMC meeting - In conjunction with the Federal Open Market Committee meeting held on March 16�17, 2021, meeting participants submitted their projections of the most likely outcomes for real gross domestic product growth, the unemployment rate, and inflation for each year from 2021 to 2023 and over the longer run. www.federalreserve.gov/monetarypolicy/files/fomcprojtabl20210317.pdf March 17, 2021 - Federal Reserve issues FOMC statement - The Federal Reserve is committed to using its full range of tools to support the U.S. economy in this challenging time, thereby promoting its maximum employment and price stability goals. www.federalreserve.gov/newsevents/pressreleases/monetary20210317a.htm March 16, 2021 - NCUA Releases 2020 Annual Report - The 2020 Annual Report documents the NCUA�s performance in meeting its strategic goals and objectives as detailed in its strategic plan and annual performance plan. https://www.ncua.gov/newsroom/press-release/2021/ncua-releases-2020-annual-report March 16, 2021 - Statistical Release - Industrial Production and Capacity Utilization - G.17 - In February, total industrial production decreased 2.2 percent. Manufacturing output and mining production fell 3.1 percent and 5.4 percent, respectively; the output of utilities increased 7.4 percent. www.federalreserve.gov/releases/g17/current/default.htm March 15, 2021 - Regulatory Relief: Guidance to Help Financial Institutions and Facilitate Recovery in Areas of Louisiana Affected by Severe Winter Storms www.fdic.gov/news/financial-institution-letters/2021/fil21018.html March 15, 2021 - Financial Institution Diversity Self-Assessments: Voluntary Self-Assessments Accepted Now through June 30, 2021 -The FDIC�s Office of Minority and Women Inclusion encourages all FDIC-supervised financial institutions with 100 or more employees to submit voluntary self-assessments of their diversity policies and practices. www.fdic.gov/news/financial-institution-letters/2021/fil21017.html March 15, 2021 - FDIC and University of Santa Clara to Host �Big Data� Webinar Series - Banking on Data: Great Possibilities, Great Responsibilities is a series of five webinars scheduled throughout the year to include industry leaders, academics and technologists on the use of new data analytics to improve the efficiency, competitiveness, and security of the nation�s banking and financial system. www.fdic.gov/news/press-releases/2021/pr21021.html March 12, 2021 - NCUA Releases Q4 2020 State Credit Union Data Report - Federally insured credit unions experienced double-digit asset and share-and-deposit growth over the year ending in the fourth quarter of 2020, according to the latest Quarterly U.S. Map Review released today by the National Credit Union Administration. https://www.ncua.gov/newsroom/press-release/2021/ncua-releases-q4-2020-state-credit-union-data-report March 12, 2021 - Credit and Liquidity Programs and the Balance Sheet - Recent balance sheet trends, weekly chart update. www.federalreserve.gov/monetarypolicy/bst_recenttrends.htm March 11, 2021 - Chicago Fed Survey of Business Conditions Suggests Growth Slowed Some in February - The Chicago Fed Survey of Business Conditions Activity Index moved down to �3 in February from +8 in January, suggesting that economic growth was near trend. www.chicagofed.org/~/media/publications/cfsbc/2021/cfsbc-march2021-pdf.pdf March 11, 2021 - FDIC to Host a Meeting of the Advisory Committee of State Regulators - The Committee members will discuss and receive updates on a range of policy issues regarding the regulation of state-chartered financial institutions throughout the U.S. and its territories. www.fdic.gov/news/press-releases/2021/pr21019.html March 11, 2021 - Periodic Report: Update on Outstanding Lending Facilities Authorized by the Board under Section 13(3) of the Federal Reserve Act March 10, 2021 - The Board of Governors of the Federal Reserve System is providing the following updates concerning certain lending facilities established by the Board under section 13(3) of the Federal Reserve Act (12 U.S.C. � 343). www.federalreserve.gov/publications/files/pdcf-mmlf-cpff-pmccf-smccf-talf-mlf-ppplf-msnlf-mself-msplf-nonlf-noelf-03-11-21.pdf March 11, 2021 - 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/default.htm March 11, 2021 - Federal Reserve Board issues enforcement action with former employee of Fifth Third Bank. www.federalreserve.gov/newsevents/pressreleases/enforcement20210311a.htm March 11, 2021 - Agencies release proposed new interagency questions and answers regarding private flood insurance - Five federal regulatory agencies today requested public comment on 24 proposed Interagency Questions and Answers Regarding Private Flood Insurance. Press Release: www.federalreserve.gov/newsevents/pressreleases/bcreg20210311a.htm Press Release: www.fdic.gov/news/press-releases/2021/pr21020.html Press Release: www.occ.gov/news-issuances/news-releases/2021/nr-ia-2021-31.html Press Release: www.ncua.gov/newsroom/press-release/2021/agencies-release-proposed-new-interagency-questions-and-answers-regarding-private-flood-insurance _______________________________ March 11, 2021 - FDIC to Host a Meeting of the Advisory Committee of State Regulators - The Federal Deposit Insurance Corporation will convene a meeting of its Advisory Committee of State Regulators on Thursday, March 18, at 1:00 p.m. ET. www.fdic.gov/news/press-releases/2021/pr21019.html March 11, 2021 - Periodic Report: Update on Outstanding Lending Facilities Authorized by the Board under Section 13(3) of the Federal Reserve Act March 10, 2021 - The Board of Governors of the Federal Reserve System is providing the following updates concerning certain lending facilities established by the Board under section 13(3) of the Federal Reserve Act (12 U.S.C. � 343). www.federalreserve.gov/publications/files/pdcf-mmlf-cpff-pmccf-smccf-talf-mlf-ppplf-msnlf-mself-msplf-nonlf-noelf-03-11-21.pdf March 11, 2021 - 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/default.htm March 11, 2021 - Federal Reserve Board issues enforcement action with former employee of Fifth Third Bank www.federalreserve.gov/newsevents/pressreleases/enforcement20210311a.htm March 10, 2021 - Improving Access to Capital for Detroit�s Minority Business Owners By Caroline Beetz Fenske - Minority-led businesses in Detroit - especially small businesses and microenterprises�face significant barriers in accessing capital. www.chicagofed.org/publications/blogs/chicago-fed-insights/2021/improving-access-to-capital March 10, 2021 - March 24 NCUA Webinar will Cover Credit Risk Issues Related to COVID-19 Pandemic - �COVID-19 has had a significant impact on the economy, credit unions, and their members,� NCUA Chairman Todd M. Harper said, �Going forward, the top priority for the NCUA will be ensuring that credit union members, the credit union system and the Share Insurance Fund are prepared to weather any economic fallout related to the pandemic. https://www.ncua.gov/newsroom/press-release/2021/march-24-ncua-webinar-will-cover-credit-risk-issues-related-covid-19-pandemic March 9, 2021 - NCUA Chairman Todd M. Harper Remarks At the Inclusiv Monthly Town Hall. www.ncua.gov/newsroom/speech/2021/ncua-chairman-todd-m-harper-remarks-inclusiv-monthly-town-hall March 9, 2021 - NCUA - Chairman Harper: Focus on Diversity, Equity, Inclusion, and Social Justice - The National Credit Union Administration and federally insured credit unions must do all they can to advance economic equity and justice, NCUA Chairman Todd M. Harper said today. www.ncua.gov/newsroom/press-release/2021/chairman-harper-focus-diversity-equity-inclusion-and-social-justice March 9, 2021 - Acting Comptroller Statement Supporting Minority Depository Institutions - Acting Comptroller of the Currency Blake Paulson issued the following statement supporting minority-owned banks and thrifts and the Emergency Capital Investment Program. www.occ.gov/news-issuances/news-releases/2021/nr-occ-2021-30.html March 9, 2021 - The KCFSI suggests financial stress edged down in February - The Kansas City Financial Stress Indicator suggests financial stress edged down in February and remained below its historical average. www.kansascityfed.org/data-and-trends/kansas-city-financial-stress-index/financial-stress-edged-down-2021-02/. www.occ.gov/news-issuances/news-releases/2021/nr-ia-2021-29.html March 9, 2021 - Emergency Capital Investment Program Available for Community Development Financial Institutions and Minority Depository Institutions - The Federal Deposit Insurance Corporation is advising certified Community Development Financial Institutions and minority depository institutions of the Emergency Capital Investment Program established by the Consolidated Appropriations Act, 2021. www.fdic.gov/news/financial-institution-letters/2021/fil21015.html March 9, 2021 - Assessing Supervised Institutions' Plans to Transition Away from the Use of the LIBOR - As a follow-up to the issuance of the Interagency Statement on LIBOR Transition1 on November 30, 2020, the Federal Reserve is issuing the attached guidance2,3 to assist examiners in assessing supervised firms� progress in preparing for the transition. www.federalreserve.gov/supervisionreg/srletters/SR2107.htm March 9, 2021 - Federal bank regulators issue rule supporting Treasury's investments in minority depository institutions and community development financial institutions - Federal bank regulatory agencies today announced an interim final rule that supports the Treasury Department's implementation of a program established by Congress to make capital investments in minority depository institutions and community development financial institutions. Press Release: www.federalreserve.gov/newsevents/pressreleases/bcreg20210309a.htm Press Release: www.fdic.gov/news/press-releases/2021/pr21018.html March 8, 2021 - Climate Change Risks in Financial Markets - In its latest episode, LaSalle Street, a podcast from the Financial Markets Group at the Federal Reserve Bank of Chicago, explores how climate change risk is impacting global financial markets now and what to expect in the future. www.chicagofed.org/publications/lasalle-street-podcast/climate-change-risks-in-financial-markets March 8, 2021 - Community Reinvestment Act: Interagency Frequently Asked Questions Related to the COVID-19 Pandemic - The Office of the Comptroller of the Currency, Board of Governors of the Federal Reserve System, and the Federal Deposit Insurance Corporation today published a new version of frequently asked questions to assist financial institutions and examiners with determining Community Reinvestment Act consideration for activities undertaken in response to the COVID-19 pandemic. www.occ.treas.gov/news-issuances/bulletins/2021/bulletin-2021-12.html March 8, 2021 - San Francisco Fed explores the future of education in ongoing virtual series, The New Future of Work - On March 22, Mary C. Daly, president and CEO of the Federal Reserve Bank of San Francisco, will moderate a discussion about the future of education, exploring how to evolve higher education to prepare our future workforce, find paths to equalize access to a college degree and discuss what skills to prioritize for the economy of the future. www.frbsf.org/our-district/press/news-releases/2021/new-future-of-work-education-advance-registration/ March 8, 2021 - Community Reinvestment Act 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 five new Frequently Asked Questions on CRA consideration for activities in response to the Coronavirus Disease. www.federalreserve.gov/supervisionreg/caletters/caltr2105.htm March 8, 2021 - Federal Reserve Board announces it will extend its Paycheck Protection Program Liquidity Facility, or PPPLF, by three months to June 30, 2021 - The extension will provide continued support for the flow of credit to small businesses through the Paycheck Protection Program, or PPP. www.federalreserve.gov/newsevents/pressreleases/monetary20210308a.htm March 5, 2021 - FOIA - Chair Powell's calendar, January 2021. www.federalreserve.gov/foia/chairman-powell-calendar.htm March 5, 2021 - Consumer Credit - G.19 - In January, consumer credit decreased at a seasonally adjusted annual rate of 0.4 percent. Revolving credit decreased at an annual rate of 12.2 percent, while nonrevolving credit increased at an annual rate of 3.2 percent. www.federalreserve.gov/releases/g19/current/default.htm March 5, 2021 - Credit and Liquidity Programs and the Balance Sheet - Recent balance sheet trends, weekly chart update. www.federalreserve.gov/monetarypolicy/bst_recenttrends.htm March 5, 2021 - Research Data Series: Index of Common Inflation Expectations - Hie Joo Ahn, and Chad Fulton - In an earlier FEDS Note, "Index of Common Inflation Expectations," we introduced the Index of Common Inflation Expectations, or "CIE", which summarizes the comovement of a wide variety of inflation expectations measures based on a dynamic factor model. https://www.federalreserve.gov/econres/notes/feds-notes/research-data-series-index-of-common-inflation-expectations-20210305.htm March 4, 2021 - Did the Federal Reserve Anchor Inflation Expectations Too Low? - Federal Reserve communications better anchored longer-term inflation expectations, but may have anchored them too low. www.kansascityfed.org/research/economic-review/did-the-federal-reserve-anchor-inflation-expectations-too-low/ March 4, 2021 - Revised Interagency Examination Procedures for Regulation Z - The attached procedures reflect (1) amendments to Regulation Z published by the Consumer Financial Protection Bureau in 2017 and 2018 amending and clarifying the TILA-RESPA integrated disclosure rule, and (2) amendments to TILA in the Economic Growth, Regulatory Relief, and Consumer Protection Act1 that did not require a rulemaking to be effective. www.federalreserve.gov/supervisionreg/caletters/caltr2103.htm March 4, 2021 - The Effect of US-China Tariff Hikes: Differences in Demand Composition Matter - Ricardo Reyes-Heroles, Charlotte T. Singer, and Eva Van Leemput - In this note, we estimate the economic effects of the increases in tariffs between China and the USA since the beginning of 2018, taking into account the investment channel. www.federalreserve.gov/econres/notes/feds-notes/the-effect-of-us-china-tariff-hikes-differences-in-demand-composition-matter-20210304.htm March 4, 2021 - Forecasting US inflation in real time - Chad Fulton and Kirstin Hubrich - We perform a real-time forecasting exercise for US inflation, investigating whether and how additional information--additional macroeconomic variables, expert judgment, or forecast combination--can improve forecast accuracy and robustness. www.federalreserve.gov/econres/feds/forecasting-us-inflation-in-real-time.htm _______________________ March 4, 2021 - NCUA Releases Q4 2020 Credit Union System Performance Data - www.ncua.gov/newsroom/press-release/2021/ncua-releases-q4-2020-credit-union-system-performance-data March 4, 2021 - FDIC Issues List of Banks Examined for CRA Compliance - The Federal Deposit Insurance Corporation today issued its list of state nonmember banks recently evaluated for compliance with the Community Reinvestment Act. www.fdic.gov/news/press-releases/2021/pr21017.html March 4, 2021 - Federal Reserve Board issues enforcement action with Allegiant United Holdings, LLC, Nano Financial Holdings, Inc., and Nano Banc. www.federalreserve.gov/newsevents/pressreleases/enforcement20210304a.htm March 3, 2021 - NCUA Vice Chairman Kyle S. Hauptman Remarks before CUNA�s 2021 Governmental Affairs Conference. www.ncua.gov/newsroom/speech/2021/ncua-vice-chairman-kyle-s-hauptman-remarks-cunas-2021-governmental-affairs-conference March 3, 2021 - NCUA Board Member Rodney E. Hood Remarks before CUNA�s 2021 Governmental Affairs Conference. www.ncua.gov/newsroom/speech/2021/ncua-board-member-rodney-e-hood-remarks-cunas-2021-governmental-affairs-conference March 3, 2021 - Acting Comptroller Marks Anniversary of Freedman�s Bank and the National Currency Act - Acting Comptroller of the Currency Blake Paulson issued the following statement to staff to recognize the 158th anniversary of the National Currency Act, which created the Office of the Comptroller of the Currency, and the 156th anniversary of the Freedman�s Savings and Trust Company. www.occ.gov/news-issuances/news-releases/2021/nr-occ-2021-28.html March 3, 2021 - Regulatory Relief: Guidance to Help Financial Institutions and Facilitate Recovery in Areas of Oklahoma Affected by Severe Winter Storms - A copy of the Guidance can be found on the FDIC�s website. www.fdic.gov/news/financial-institution-letters/2021/fil21013.html March 3, 2021 - FDIC Releases Strategic Plan to Reinforce Diversity, Equity, and Inclusion Within the Agency and Among the Financial Institutions It Supervises - The Federal Deposit Insurance Corporation today released the agency�s latest strategic plan to incorporate and promote diversity, equity, and inclusion in every aspect of its mission and operations. Read the FDIC�s Diversity, Equity, and Inclusion Strategic Plan. www.fdic.gov/news/press-releases/2021/pr21016.html March 3, 2021 - 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 2, 2021 - NCUA Chairman Todd M. Harper Remarks before CUNA�s 2021 Governmental Affairs Conference. www.ncua.gov/newsroom/speech/2021/ncua-chairman-todd-m-harper-remarks-cunas-2021-governmental-affairs-conference March 2, 2021 - OCC Releases CRA Evaluations for 13 National Banks and Federal Savings - 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, 2021 through February 28, 2021. Associations. www.occ.gov/news-issuances/news-releases/2021/nr-occ-2021-27.html March 2, 2021 - Chairman Harper Appoints Hood to NeighborWorks America Board of Directors - National Credit Union Administration Chairman Todd M. Harper announced today the appointment of Board Member Rodney E. Hood as the agency�s representative on the Board of Directors of NeighborWorks America, one of the nation�s leading affordable housing and community development organizations. www.ncua.gov/newsroom/press-release/2021/chairman-harper-appoints-hood-neighborworks-america-board-directors March 2, 2021 - Speech by Governor Brainard on the U.S. economic outlook and monetary policy - Governor Lael Brainard At the C. Peter McColough Series on International Economics, Council on Foreign Relations, New York, New York (via webcast). https://www.federalreserve.gov/newsevents/speech/brainard20210302a.htmwww.federalreserve.gov/newsevents/speech/brainard20210302a.htm March 2, 2021 - Federal Reserve Board issues enforcement actions with former employee of Gateway Bank and former employee of SunTrust Bank. www.federalreserve.gov/newsevents/pressreleases/enforcement20210302a.htm March 1, 2021 - Redistribution and the Monetary-Fiscal Policy Mix - Saroj Bhattarai, Jae Won Lee, and Choongryul Yang - We show that the effectiveness of redistribution policy in stimulating the economy and improving welfare is directly tied to how much inflation it generates, which in turn hinges on monetary-fiscal adjustments that ultimately finance the transfers. www.federalreserve.gov/econres/feds/redistribution-and-the-monetary-fiscal-policy-mix.htm March 1, 2021 - Speech by Governor Brainard on some preliminary financial stability lessons from the COVID-19 shock At the 2021 Annual Washington Conference, Institute of International Bankers (via webcast). www.federalreserve.gov/newsevents/speech/brainard20210301a.htm |
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