Virtual/remote audits - I am performing virtual/remote FFIEC IT/AIO audits for banks and credit unions. I am a former bank examiner with years of IT auditing experience. Please contact R. Kinney Williams at examiner@yennik.com from your bank's email and I will send you information and fees. All correspondence is confidential.

March 31, 2022 - Acting Comptroller Discusses Managing Tail Risks - Acting Comptroller of the Currency Michael J. Hsu today discussed managing low probability, high impact risk events, or tail risks, at the American Bankers Association Risk 2022 Conference. www.occ.gov/news-issuances/news-releases/2022/nr-occ-2022-32.html

March 31, 2022 - The 2021 Office of Minority and Women Inclusion Report to Congress - Read about the Bank's efforts to promote diversity, equity and inclusion in its employment, procurement, and partnerships. www.kansascityfed.org/about-us/diversity-equity-and-inclusion/omwi-2021/

March 31, 2022 - 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 2021 through the FDIC�s supervision of state non-member banks and thrifts. www.fdic.gov/news/press-releases/2022/pr22028.html

March 31, 2022 - Is Trend Inflation at Risk of Becoming Unanchored? The Role of Inflation Expectations - Danilo Cascaldi-Garcia, Francesca Loria, and David L�pez-Salido - Since the start of the pandemic, views about the evolution of aggregate consumer prices moved swiftly from concerns about deflation to fears about excessive inflation. www.federalreserve.gov/econres/notes/feds-notes/is-trend-inflation-at-risk-of-becoming-unanchored-the-role-of-inflation-expectations-20220331.htm

March 31, 2022 - Intermediation Frictions in Debt Relief: Evidence from CARES Act Forbearance - You Suk Kim, Donghoon Lee, Tess Scharlemann, and James Vickery - We study the role of mortgage servicers in implementing the CARES Act mortgage forbearance program during the COVID-19 pandemic. www.federalreserve.gov/econres/feds/intermediation-frictions-in-debt-relief-evidence-from-cares-act-forbearance.htm

March 31, 2022 - Disclosures Regarding the Emergency Lending Response to COVID-19, Pursuant to Section 11(s) of the Federal Reserve Act.   https://www.federalreserve.gov/publications/disclosures-in-response-to-covid-19-pursuant-to-section-11-s.htm

March 31, 2022 - 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, 2022 - Report to the Congress on the Office of Minority and Women Inclusion, March 2022. www.federalreserve.gov/publications/minority-women-inclusion.htm
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March 31, 2022 - Regulatory Reform - Discount Window Lending, 2021:Q1 - Federal Reserve lending to depository institutionsplays an important role in supporting the liquidity and stability of the banking system and the effective implementation of monetary policy. www.federalreserve.gov/regreform/discount-window.htm

March 31, 2022 - NCUA Issues Prohibition Order - The National Credit Union Administration issued one prohibition order in March. www.ncua.gov/newsroom/press-release/2022/ncua-issues-prohibition-order-1

March 30, 2022 - Oklahoma�s Population During COVID-19: Early Deaths, New Residents and an End of the Brain Drain - This edition of The Oklahoma Economist explores underlying data on Oklahoma deaths and migration to shed light on the people the state has lost and gained during the COVID-19 pandemic. www.kansascityfed.org/oklahomacity/oklahoma-economist/oklahomas-population-during-covid-19-early-deaths-new-residents-and-an-end-of-the-brain-drain/

March 30, 2022 - Lower Labor Force Participation Rates and Slower Population Growth Pose Challenges for Employers - As the nation recovers from the pandemic-induced recession, finding workers to fill job openings has been a headwind for many regions and industries. www.kansascityfed.org/research/economic-bulletin/lower-labor-force-participation-rates-and-slower-population-growth-pose-challenges-for-employers/

March 30, 2022 - FDIC Issues Request for Comment on Statement of Principles for Climate-Related Financial Risk Management for Large Financial Institutions - Although all financial institutions, regardless of size, may have material exposures to climate-related financial risks, these draft principles are intended for the largest financial institutions, those with over $100 billion in total consolidated assets. www.fdic.gov/news/press-releases/2022/pr22027.html

March 30, 2022 - Anchored or Not: How Much Information Does 21st Century Data Contain on Inflation Dynamics? - Michael T. Kiley - Inflation was low and stable in the United States during the first two decades of the 21st century and broke out of its stable range in 2021. www.federalreserve.gov/econres/feds/anchored-or-not-how-much-information-does-21st-century-data-contain-on-inflation-dynamics.htm

March 30, 2022 - Lega l Developments, Fourth Quarter 2021- The Federal Reserve Bulletin--first published by the Federal Reserve Board in 1914--contains topical research and analysis and quarterly "Legal Developments." www.federalreserve.gov/publications/bulletin.htm

March 29, 2022 - OCC Hosts Mutual Savings Association Advisory Committee Meeting April 19 - The meeting, which will be in person and held virtually, is open to the public and will begin at 8:30 a.m. Eastern Daylight Time. www.occ.gov/news-issuances/news-releases/2022/nr-occ-2022-31.html

March 29, 2022 - Small Business Lending Normalizes in the Fourth Quarter - Small business commercial & industrial loan balances in the fourth quarter of 2021 decreased nearly 27 percent since the fourth quarter of 2020. www.kansascityfed.org/surveys/small-business-lending-survey/small-business-lending-normalizes-in-the-fourth-quarter/

March 29, 2022 - Contact Information in Relation to Computer-Security Incident Notification Requirements - The Board of Governors of the Federal Reserve, the Federal Deposit Insurance Corporation, and the Office of the Comptroller of the Currency issued a joint final rule to establish computer-security incident notification requirements for banking organizations and their bank service providers.
Press Release: www.federalreserve.gov/supervisionreg/srletters/SR2204.htm
Press Release: www.fdic.gov/news/financial-institution-letters/2022/fil22012.html
Press Release: www.occ.gov/news-issuances/bulletins/2022/bulletin-2022-8.html

March 28, 2022 - The St. Louis Fed Economy Museum Reopens After Two Years - After a two-year hiatus, the St. Louis Fed�sEconomy Museumhas reopened with a larger exhibit space, featuring digital games, ancient currency, a stock trading pit, counterfeit money and the opportunity to lift a solid gold bar. www.stlouisfed.org/news-releases/2022/03/28/museum-reopens-after-two-years

March 28, 2022 - Acting Comptroller of the Currency Launches Project REACh Efforts in Dallas - The Office of the Comptroller of the Currency launched Project REACh, the Roundtable for Economic Access and Change, to bring together leaders from the banking industry, civil rights organizations, business, and technology to identify and reduce barriers that prevent full, equal, and fair participation in the nation�s economy. www.occ.gov/news-issuances/news-releases/2022/nr-occ-2022-30.html

March 25, 2022 - Macroeconomics and Monetary Policy Conference San Francisco, CA Share on FacebookMary C. Daly, President and Chief Executive Officer Federal Reserve Bank of San Francisco.  www.frbsf.org/our-district/press/presidents-speeches/mary-c-daly/2022/march/welcome-remarks-macroeconomics-and-monetary-policy-conference/

March 25, 2022 - OCC Reports Fourth Quarter 2021 Bank Trading Revenue - The Office of the Comptroller of the Currency reported cumulative trading revenue of U.S. commercial banks and savings associations of $7.5 billion in the fourth quarter of 2021. www.occ.gov/news-issuances/news-releases/2022/nr-occ-2022-29.html

March 25, 2022 - Tenth District Services Activity Increased to Record Levels - Regional services activity increased at a record pace in March. However, many firms continued to comment on supply chain disruptions and increased input costs as having a negative impact on profit margins. www.kansascityfed.org/surveys/services-survey/tenth-district-services-activity-increased-to-record-levels/

March 25, 2022 - Welcome Remarks - Macroeconomics and Monetary Policy Conference San Francisco, CA.  www.frbsf.org/our-district/press/presidents-speeches/mary-c-daly/2022/march/welcome-remarks-macroeconomics-and-monetary-policy-conference/

March 25, 2022 - FDIC Issues Request for Information on Bank Mergers - The Federal Deposit Insurance Corporation today sent to the Federal Register a request for information soliciting comments regarding the application of the laws, practices, rules, regulations, guidance, and statements of policy that apply to merger transactions involving one or more insured depository institutions, including the merger between an insured depository institution and a noninsured institution. www.fdic.gov/news/press-releases/2022/pr22026.html

March 25, 2022 - FDIC Makes Public February Enforcement Actions - The FDIC issued six Orders in February 2022. The administrative enforcement actions in those Orders consisted of three Orders to Pay Civil Money Penalty, two orders terminating consent order, and one consent order. www.fdic.gov/news/press-releases/2022/pr22025.html

March 25, 2022 - Acting Chairman Gruenberg Issues Statement on the Property Appraisal and Valuation Equity Task Force Report - Federal Deposit Insurance Corporation Acting Chairman Martin J. Gruenberg issued the following statement regarding the release of the Action Plan to Advance Property Appraisal and Valuation Equity. www.fdic.gov/news/press-releases/2022/pr22024.html

March 25, 2022 - Th - e Role of Observed and Unobserved Heterogeneity in the Duration of Unemployment Spells - Hie Joo Ahn - This paper studies the degree to which observable and unobservable worker characteristics account for the variation in the aggregate duration of unemployment. www.federalreserve.gov/econres/feds/heterogeneity-in-the-dynamics-of-disaggregate-unemployment.htm

March 25, 2022 - Credit and Liquidity Programs and the Balance Sheet - Recent balance sheet trends, weekly chart update.  www.federalreserve.gov/monetarypolicy/bst_recenttrends.htm

March 25, 2022 - Federal Advisory Council, Record of Meeting - February 3, 2022 - The Federal Advisory Council, which is composed of twelve representatives of the banking industry, consults with and advises the Board on all matters within the Board's jurisdiction. www.federalreserve.gov/aboutthefed/fac.htm

March 25, 2022 - Measuring Geopolitical Risk - Dario Caldara and Matteo Iacoviello - cal risk index spikes around the two world wars, at the beginning of the Korean War, during the Cuban Missile Crisis, and after 9/11.  www.federalreserve.gov/econres/ifdp/measuring-geopolitical-risk.htm

March 25, 2022 - Federal Reserve Board announces it will extend comment period for proposal to implement a framework for the supervision of certain insurance organizations overseen by the Board until May 5, 2022.  www.federalreserve.gov/newsevents/pressreleases/bcreg20220325a.htm

March 24, 2022 - What�s Up with the Economy and Monetary Policy? Presented at the Detroit Regional Chamber�s 2022 State of the Region event in Detroit, MI.   www.chicagofed.org/publications/speeches/2022/march-24-detroit-regional-chamber 

March 24, 2022 - Monetary Policy and Intangible Investment - Investment in intangible goods, such as software or research and development, is less sensitive to changes in interest rates. by: Cooper Howes and Alice von Ende-Becker - Since 1980, the share of business investment in �intangible� goods, such as software or research and development, has tripled. www.kansascityfed.org/research/economic-review/monetary-policy-and-intangible-investment/

March 24, 2022 - Senior Credit Officer Opinion Survey on Dealer Financing Terms, March 2022 - The March 2022 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. www.federalreserve.gov/data/scoos/scoos-202203.htm
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March 24, 2022 - Tenth District Manufacturing Activity Grew at a Record Pace - Regional factory activity increased at a record pace in March. However, due to increasing input costs and supply chain disruptions, nearly a quarter of firms noted a significant decrease in profit margins since the beginning of the year, and another 44% reported a slight decrease in profit margins. www.kansascityfed.org/surveys/manufacturing-survey/tenth-district-manufacturing-activity-grew-at-a-record-pace/

March 24, 2022 - Advanced Notice of a Meeting under Expedited Procedures - A closed meeting of the Board of Governors of the Federal Reserve System will be held under expedited procedures at 11:30 a.m. on March 28, 2022. Matter(s) considered: Review and determination by the Board of Governors of the advance and discount rates to be charged by the Federal Reserve Banks. www.federalreserve.gov/aboutthefed/boardmeetings/20220328closed.htm

March 24, 2022 - Legal Interpretations - Bank Holding Company Act, December 13, 2021. www.federalreserve.gov/supervisionreg/legalinterpretations/bhc_changeincontrol2021.htm

March 24, 2022 - Speech by Governor Waller on the U.S. housing market Governor Christopher J. Waller At the "Recent Fiscal and Monetary Policy: Implications for U.S. and Israeli Real Estate Markets" conference.  www.federalreserve.gov/newsevents/speech/waller20220324a.htm

March 24, 2022 - Presented at the Detroit Regional Chamber�s 2022 State of the Region event in Detroit, MI - President Charles Evans will deliver prepared remarks followed by a moderated Q&A during the Detroit Regional Chamber 2022 State of the Region on Thursday, March 24. www.chicagofed.org/publications/speeches/2022/march-24-detroit-regional-chamber

March 23, 2022 -Acting Comptroller Issues Statement on Action Plan to Advance Property Appraisal and Valuation Equity - Acting Comptroller of the Currency Michael J. Hsu issued the following statement upon the release of the Property Appraisal and Valuation Equity Task Force Action Plan, which addresses and corrects mis-valuations of residential property for families and communities of color. www.occ.gov/news-issuances/news-releases/2022/nr-occ-2022-28.html

March 23, 2022 - Acting Comptroller Discusses Financial Health with UN Secretary-General's Special Advocate H.M. Queen M�xima of The Netherlands - Acting Comptroller of the Currency Michael J. Hsu today hosted a visit with Her Majesty Queen M�xima of the Netherlands, the United Nations Secretary-General's Special Advocate for Inclusive Finance for Development, to promote financial inclusion. www.occ.gov/news-issuances/news-releases/2022/nr-occ-2022-27.html

March 23, 2022 - Meet Our Research Staff - The Kansas City Fed's research staff includes experts in economics, financial markets, regional affairs, payments strategies and more. - Meet our research staff, including Kansas City Fed economists, research associates, regional research associates and visiting scholars. www.kansascityfed.org/research-staff/

March 23, 2022 - A Stock Return Decomposition Using Observables - Benjamin Knox, Annette Vissing-Jorgensen - We propose a method to decompose stock returns period by period. www.federalreserve.gov/econres/feds/a-stock-return-decomposition-using-observables.htm

March 23, 2022 - Structure and Share Data for U.S. Banking Offices of Foreign Entities - There are two reports showing the same structure and asset information for each U.S. office, but in different orders. www.federalreserve.gov/releases/iba/default.htm

March 23, 2022 - Moldy Lemons and Market Shutdowns - Jin-Wook Chang, R. Matthew Darst - This paper studies competitive market shutdowns due to adverse selection, where sellers post nonexclusive menus of contracts. www.federalreserve.gov/econres/feds/moldy-lemons-and-market-shutdowns.htm

March 23, 2022 - Supervision Manual - A User's Guide for the Bank Holding Company Performance Report, December 2021.  www.federalreserve.gov/publications/bhcpr_usersguide.htm

March 22, 2022 - OCC Reports Improvement in Mortgage Performance for Fourth Quarter 2021 - The OCC Mortgage Metrics Report, Fourth Quarter 2021 showed that 96.4 percent of mortgages included in the report were current and performing at the end of the quarter, compared to 93.3 percent a year earlier. www.occ.gov/news-issuances/news-releases/2022/nr-occ-2022-26.html

March 22, 2022 - Money Market Fund Vulnerabilities: A Global Perspective - Antoine Bouveret, Antoine Martin, and Patrick E. McCabe - Money market funds are popular around the world, with over $9 trillion in assets under management globally. www.federalreserve.gov/econres/feds/money-market-fund-vulnerabilities-a-global-perspective.htm

March 22, 2022 - Statistical Release - Money Stock Measures - This release includes seasonally adjusted measures of the monetary aggregates and components produced with revised seasonal factors, which were derived from data through December 2021 and estimated using the Census Bureau's X-13ARIMA-SEATS seasonal adjustment program. www.federalreserve.gov/releases/h6/current/default.htm

March 22, 2022 - Federal Reserve Board issues enforcement action with former employee of Rabo AgriFinance LLC.   www.federalreserve.gov/newsevents/pressreleases/enforcement20220322a.htm

March 21, 2022 - Speech by Chair Pro Tempore Powell on restoring pri - ce stability Chair Pro Tempore Jerome H. Powell At "Policy Options for Sustainable and Inclusive Growth" 38th Annual Economic Policy Conference National Association for Business Economics, Washington, D.C. www.federalreserve.gov/newsevents/speech/powell20220321a.htm

March 21, 2022 Federal Reserve System publishes annual financial statements - The Federal Reserve System on Monday released the 2021 combined annual audited financial statements for the Federal Reserve Banks. www.federalreserve.gov/newsevents/pressreleases/other20220321a.htm

March 18, 2022 - 2022 Agricultural Symposium: Help Wanted in Agriculture - The 2022 Agricultural Symposium will explore the role of labor in determining the long-term outlook for agriculture and related businesses, how policies will shape that outlook, and the potential for structural change. www.kansascityfed.org/agriculture/agricultural-symposium/2022-agricultural-symposium-help-wanted-in-agriculture/

March 18, 2022 - Testing Bank Resiliency Through Time - Sergio Correia, Matthew P. Seay, and Cindy M. Vojtech - A resilient banking system meets the demands of households and businesses for financial services during both benign and severe macroeconomic and financial conditions. https://www.federalreserve.gov/econres/notes/feds-notes/testing-bank-resiliency-through-time-20220318.htm

March 18, 2022 - A Journey in the History of Sovereign Defaults on Domestic-Law Public Debt - Aitor Erce, Enrico Mallucci and Mattia Picarelli - We introduce a novel database on sovereign defaults that involve public debt instruments governed by domestic law. www.federalreserve.gov/econres/ifdp/a-journey-in-the-history-of-sovereign-defaults-on-domestic-law-public-debt.htm

March 18, 2022 - Enhanced Financial Accounts, March 2022 update - These projects provide additional detail for selected areas of the Financial Accounts. www.federalreserve.gov/releases/efa/enhanced-financial-accounts.htm

March 18, 2022 - Credit and Liquidity Programs and the Balance Sheet - Recent balance sheet trends, weekly chart update.  www.federalreserve.gov/monetarypolicy/bst_recenttrends.htm

March 18 2022 - Are Manufacturing Jobs Still Good Jobs? An Exploration of the Manufacturing Wage Premium - Kimberly Bayard, Tomaz Cajner, Vivi Gregorich, and Maria D. Tito - This paper explores the factors behind differences in wages between manufacturing and other sectors. www.federalreserve.gov/econres/feds/are-manufacturing-jobs-still-good-jobs-an-exploration-of-the-manufacturing-wage-premium.htm

March 18, 2022 - 2022 FOMC Chief FOIA Officer Report.  www.federalreserve.gov/foia/fomc/annualreports.htm

March 18, 2022 - The Natural Rate of Interest Through a Hall of Mirrors - Phurichai Rungcharoenkitkul and Fabian Winkler - Prevailing explanations of persistently low interest rates appeal to a secular decline in the natural interest rate, or r-star, due to factors outside monetary policy's control. www.federalreserve.gov/econres/feds/the-natural-rate-of-interest-through-a-hall-of-mirrors.htm

March 18, 2022 - Welcoming remarks by Governor Bowman at Fed Listens: Helping Youth Thrive�A Discussion with Leaders Governor Michelle W. Bowman At Fed Listens: Helping Youth Thrive�A Discussion with Leaders, Federal Reserve Bank of Cleveland, Cleveland, Ohio (via livestream).  www.federalreserve.gov/newsevents/speech/bowman20220318a.htm

March 17, 2022 - OCC Assesses $60 Million Civil Money Penalty, Issues Cease and Desist Order Against USAA - The Office of the Comptroller of the Currency today assessed a $60 million civil money penalty against USAA, Federal Savings Bank, for violations of the OCC�s Bank Secrecy Act regulations. www.occ.gov/news-issuances/news-releases/2022/nr-occ-2022-25.html

March 17, 2022 - Corporate System Resolution Enters Final Phase - Through a live webcast, the National Credit Union Administration Board held its third open meeting of 2022 and unanimously approved two items: www.ncua.gov/newsroom/press-release/2022/corporate-system-resolution-enters-final-phase
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March 17, 2022 - OCC Assesses $60 Million Civil Money Penalty, Issues Cease and Desist Order Against USAA - The OCC also issued a Cease and Desist Order against the bank based on its failure to establish and maintain an effective Bank Secrecy Act/Anti Money Laundering (BSA/AML) program.
https://www.occ.gov/news-issuances/news-releases/2022/nr-occ-2022-25.html
https://occ.gov/news-issuances/news-releases/2022/nr-occ-2022-25b.pdf

March 17, 2022 - FinCEN Announces $140 Million Civil Money Penalty against USAA Federal Savings Bank for Violations of the Bank Secrecy Act - The Financial Crimes Enforcement Network (FinCEN) today announced that it has assessed a $140 million civil money penalty against USAA Federal Savings Bank (USAA FSB) for willful violations of the Bank Secrecy Act (BSA) and its implementing regulations. https://www.fincen.gov/news/news-releases/fincen-announces-140-million-civil-money-penalty-against-usaa-federal-savings

March 17, 2022 - 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/2022/nr-occ-2022-24.html

March 17 2022 - Statistical Release - Industrial Production and Capacity Utilization - G.17 - Total industrial production rose 0.5 percent in February to a level that is 103.6 percent of its 2017 average. Manufacturing output increased 1.2 percent after having been little changed in each of the previous two months.  www.federalreserve.gov/releases/g17/current/default.htm

March 17, 2022 - Federal Reserve Board announces termination of enforcement actions with Customers Bank, Texico Bancshares Corporation, and Texico State Bank.   www.federalreserve.gov/newsevents/pressreleases/enforcement20220317a.htm

March 16, 2022 - NCUA Releases 2021 Annual Report -The National Credit Union Administration today released its 2021 Annual Report, highlighting the agency�s activities, policy initiatives, and accomplishments for the past year. www.ncua.gov/newsroom/press-release/2022/ncua-releases-2021-annual-report

March 16, 2022 - OCC Issues Final Rule Addressing Authority for Exemptions to Suspicious Activity Report Requirements - The rule clarifies the OCC�s authority to issue exemptions from the requirements of those regulations based on a request from a national bank or federal savings association, including federal branches and agencies of foreign banks. www.occ.gov/news-issuances/news-releases/2022/nr-occ-2022-23.html

March 16, 2022 - Welcome back to the Money Museum! - The Kansas City Money Museum is now open. www.kansascityfed.org/moneymuseum/

March 16 2022 - Federal Reserve Board and Federal Open Market Committee release economic projections from the March 15-16 FOMC meeting.   www.federalreserve.gov/newsevents/pressreleases/monetary20220316b.htm

March 16, 2022 - Federal Reserve issues FOMC statement - Job gains have been strong in recent months, and the unemployment rate has declined substantially. www.federalreserve.gov/newsevents/pressreleases/monetary20220316a.htm

March 15, 2022 - NCUA Releases Q4 2021 State Credit Union Data Report - Federally insured credit unions, overall, experienced continued growth in assets and loans during 2021, an increase in return on average assets, and a decline in total delinquency rate, according to the latest Quarterly U.S. Map Review(opens new window) released today by the National Credit Union Administration. www.ncua.gov/newsroom/press-release/2022/ncua-releases-q4-2021-state-credit-union-data-report

March 15, 2022 - Banking and the Economy: A Forum for Women in Banking - Banking and the Economy: Join other women leaders in the financial services sector for Banking and the Economy: A Forum for Women in Banking. Get ready for engaging sessions around banking and economic updates, and leadership and professional development. www.kansascityfed.org/events/banking-and-the-economy-a-forum-for-women-in-banking-2022/

March 15 2022 - BEIGE BOOK - Each Federal Reserve Bank gathers anecdotal information on current economic conditions in its District through reports from Bank and Branch directors and interviews with key business contacts, economists, market experts, and other sources. www.kansascityfed.org/surveys/beige-book/

March 15, 2022 - March 11, 2022 - Labor Market Conditions Indicators - The level of activity indicator remained at 1.48 in February while the momentum indicator came in at 0.67. Both indicators remained above longer-run averages. www.kansascityfed.org/data-and-trends/lmci/current-release/

March 15, 2022 - Rescission of Statement on Part 363 Annual Reports in Response to the Coronavirus - On March 27, 2020, the FDIC issued Financial Institution Letter (FIL-30-2020), Statement on Part 363 Annual Reports in Response to the Coronavirus, which provided an additional 45 days for insured depository institutions subject to Part 363 of the FDIC�s regulations to file their Part 363 Annual Reports and Other Reports and Notices. www.fdic.gov/news/financial-institution-letters/2022/fil22010.html

March 11, 2022 - Labor Market Conditions Indicators - The level of activity indicator remained at 1.48 in February while the momentum indicator came in at 0.67. Both indicators remained above longer-run averages. www.kansascityfed.org/data-and-trends/lmci/current-release/

March 11 2022 - The KC Fed LMCI suggests the level of activity and momentum were little changed in February - The KC Fed LMCI suggests the level of activity and momentum were little changed in February.  www.kansascityfed.org/data-and-trends/lmci/current-release/

March 11, 2022 - Credit and Liquidity Programs and the Balance Sheet - Recent balance sheet trends, weekly chart update.  www.federalreserve.gov/monetarypolicy/bst_recenttrends.htm

March 11, 2022 - Publications - Report and Disclosures on Funding, Credit, Liquidity, and Loan Facilities - 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
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March 10, 2022 - 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 10, 2022 - Federal Reserve Board announces termination of enforcement action with Community FSB Holding Company Woodhaven, New York.   www.federalreserve.gov/newsevents/pressreleases/enforcement20220310a.htm

March 9, 2022 - Community Banking Provision Expenses Reach Historic Lows in 2021 - Loan loss allowance levels were boosted following strong provisioning at the onset of the pandemic. However, provisions reversed course in 2021. www.kansascityfed.org/banking/community-banking-bulletin/highlight-provision-expenses-reach-historic-lows-in-2021/

March 9, 2022 - Publication - Annual Performance Plan, March 2022 - The Government Performance and Results Act of 1993 requires federal agencies to prepare a strategic plan covering a multiyear period and requires each agency to submit an annual performance plan and an annual performance report. www.federalreserve.gov/publications/gpra.htm

March 8, 2022 - FedListens: Helping Youth Thrive�A Discussion with Leaders - Friday, March 18, 2022 1:00 � 2:15 p.m. CT/2:00 � 3:15 p.m. ET -For young people, both higher education and the workforce are on the horizon, but two years of pandemic-fueled setbacks threaten to leave many behind. www.chicagofed.org/events/2022/fedlistens

March 8, 2022 - Large Bank Supervision: Updated Comptroller�s Handbook Booklet and Rescission - The �Large Bank Supervision� booklet is prepared for use by OCC examiners in connection with their examination and supervision of midsize and large national banks and federal savings associations as well as foreign-owned U.S. branches and agencies. www.occ.gov/news-issuances/bulletins/2022/bulletin-2022-6.html

March 7, 2022 - Credit Union Assets, Shares and Deposits Grow in Fourth Quarter - According to the latest financial performance data released today by the National Credit Union Administration, total assets in federally insured credit unions rose by $215.8 billion, or 11.7 percent, to $2.06 trillion over the year ending in the fourth quarter of 2021, and insured shares and deposits grew $166.8 billion, or 11.4 percent, to $1.63 trillion. www.ncua.gov/newsroom/press-release/2022/credit-union-assets-shares-and-deposits-grow-fourth-quarter

March 7, 2022 - Acting Comptroller Discusses Climate Risk Management, Diversity and Inclusion - Acting Comptroller of the Currency Michael J. Hsu today discussed climate-related financial risk and the importance of promoting diversity and inclusion in the banking industry at the Institute of International Bankers Annual Washington Conference. www.occ.gov/news-issuances/news-releases/2022/nr-occ-2022-22.html

March 7, 2022 - Statistical Release - Consumer Credit - G.19 - Beginning with the April 2022 G.19 Consumer Credit release, scheduled to be published on June 7, 2022, the release will no longer report the Commercial Bank Interest Rates for 48-month New Car Loans. www.federalreserve.gov/releases/g19/current/default.htm

March 5, 2022 - AgLetter: February 2022 - By David Oppedahl - There was an annual increase of 22 percent in the Seventh Federal Reserve District�s agricultural land values in 2021�the largest such rise over the past decade. www.chicagofed.org/publications/agletter/2020-2024/february-2022 www.chicagofed.org/publications/agletter/2020-2024/february-2022

March 4, 2022 - NCUA - Empire Financial Federal Credit Union Closes; Jovia Federal Credit Union Assumes Loans, Assets, and Shares - Jovia Federal Credit Union of Westbury, New York, immediately assumed Empire Financial Federal Credit Union�s assets, member shares, and loans. Jovia FCU is a federally insured credit union with 206,572 members and assets of $3.96 billion, according to the credit union�s most recent Call Report. www.ncua.gov/newsroom/press-release/2022/empire-financial-federal-credit-union-closes-jovia-federal-credit-union-assumes-loans-assets-and

March 4, 2022 - Amanda Freedle Named Deputy Comptroller and Chief Accountant - The Office of the Comptroller of the Currency today announced the selection of Amanda Freedle to be the agency�s next Deputy Comptroller and Chief Accountant. www.occ.gov/news-issuances/news-releases/2022/nr-occ-2022-21.html

March 4, 2022 - Banks� Farm Lending Stabilizes - Driven by a higher balance of both real estate and non-real estate loans, agricultural debt increased for the first time since 2019. www.kansascityfed.org/agriculture/agfinance-updates/banks-farm-lending-stabilizes/

March 4, 2022 - FDIC Issues List of Banks Examined for CRA Compliance - The list covers evaluation ratings that the FDIC assigned to institutions in December 2021. www.fdic.gov/news/press-releases/2022/pr22023.html

March 4, 2022 - FOIA - Chair Powell's calendar, January 2022.  www.federalreserve.gov/foia/chairman-powell-calendar.htm

March 4, 2022 - Credit and Liquidity Programs and the Balance Sheet - Recent balance sheet trends, weekly chart update.  www.federalreserve.gov/monetarypolicy/bst_recenttrends.htm

March 4, 2022 - Updated Primer on the Forward-Looking Analysis of Risk Events Model: A Top-Down Stress Test Model - Sergio Correia, Matthew P. Seay, and Cindy M. Vojtech - While the bank stress test exercise conducted by the Federal Reserve System is a critical policy tool for assessing the health of large banks, the Federal Reserve has worked to build additional tools to assess the resiliency of the banking system as a whole and to address macroprudential goals. www.federalreserve.gov/econres/feds/updated-primer-on-the-forward-looking-analysis-of-risk-events-model.htm

March 4, 2022 - Federal Reserve Board announces approval of application by M&T Bank Corporation - The Federal Reserve Board on Friday announced its approval of the application by M&T Bank Corporation, Buffalo, New York, to acquire People's United Financial, Inc. and indirectly acquire People's United Bank, National Association, both of Bridgeport, Connecticut. www.federalreserve.gov/newsevents/pressreleases/orders20220304a.htm

March 4, 2022 - Federal Reserve Board announces six new members of its Community Advisory Council - The CAC is composed of a diverse group of experts and representatives of consumer, workforce, and community development organizations and interests. CAC members provide information, advice, and recommendations to the Board on relevant policy matters and emerging issues of interest. www.federalreserve.gov/newsevents/pressreleases/other20220304a.htm
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March 3, 2022 - Advanced Notice of a Meeting under Expedited Procedures - A closed meeting of the Board of Governors of the Federal Reserve System will be held under expedited procedures at 11:30 a.m. on March 7, 2022. Matter(s) considered: Review and determination by the Board of Governors of the advance and discount rates to be charged by the Federal Reserve Banks. www.federalreserve.gov/aboutthefed/boardmeetings/20220307closed.htm

March 2, 2022 - St. Louis Fed Releases Beige Book - The local report summarizes economic conditions for the Eighth District, which is based in St. Louis and covers all of Arkansas and parts of Illinois, Indiana, Kentucky, Mississippi, Missouri and Tennessee. www.stlouisfed.org/news-releases/2022/03/02/st-louis-fed-releases-beige-book

March 2, 2022 - St. Louis Fed�s Bullard Discusses �Removing Monetary Policy Accommodation� - Federal Reserve Bank of St. Louis President James Bullard presented �Removing Monetary Policy Accommodatio � at a meeting of Greater St. Louis, Inc. on Wednesday. www.stlouisfed.org/news-releases/2022/03/02/bullard-discusses-removing-monetary-policy-accommodation

March 2, 2022 - 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, 2022 Testimony by Chair Pro Tempore Jerome H. Powell - Semiannual Monetary Policy Report to the Congress Before the Committee on Financial Services, U.S. House of Representatives, Washington, D.C. www.federalreserve.gov/newsevents/testimony/powell20220302a.htm

March 1, 2022 - NCUA Returns Control of Southern Pine Credit Union to Members - The National Credit Union Administration today announced that Southern Pine Credit Union of Valdosta, Georgia, will once again be under the control and direction of its members, effective March 17, 2022. www.ncua.gov/newsroom/press-release/2022/ncua-returns-control-southern-pine-credit-union-members

March 1, 2022 - Getting the Lead Out - Lead Service Line Replacement - But in the Upper Midwest, the widespread presence of lead service lines poses elevated risks of exposure to millions of people through the water supply. www.chicagofed.org/research/lead/about

March 1, 2022 - NCUA Board Member Rodney E. Hood Remarks at the 2022 CUNA Governmental Affairs Conference Washington D.C. www.ncua.gov/newsroom/speech/2022/ncua-board-member-rodney-e-hood-remarks-2022-cuna-governmental-affairs-conference-washington-dc

March 1, 2022 - OCC Releases CRA Evaluations for 11 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, 2022 through February 28, 2022. www.occ.gov/news-issuances/news-releases/2022/nr-occ-2022-20.html

March 1, 2022 - Statistical Release - Foreign Exchange Rates - G.5 - The table below shows the average rates of exchange in FEBRUARY 2022 together with comparable figures for other months. www.federalreserve.gov/releases/g5/current/default.htm

March 1, 2022 - Federal Reserve Board announces approval of application by A.N.B. Holding Company, Ltd. - The ANB Corporation controls The American National Bank of Texas, Terrell, Texas. www.federalreserve.gov/newsevents/pressreleases/orders20220301b.htm

March 1, 2022 - Federal Reserve Board announces approval of application by TriCo Bancshares - The Federal Reserve Board on Tuesday announced its approval of the application by TriCo Bancshares, Chico, California, to acquire Valley Republic Bancorp, and thereby indirectly acquire its subsidiary bank, Valley Republic Bank, both of Bakersfield, California. www.federalreserve.gov/newsevents/pressreleases/orders20220301a.htm

March 1, 2022 - Federal Reserve Board invites public comment on supplement to its May 2021 proposal - The Federal Reserve Board on Tuesday invited public comment on a supplement to its May 2021 proposal intended to ensure that Reserve Banks use a transparent and consistent set of factors when reviewing requests to access Federal Reserve accounts and payment services. www.federalreserve.gov/newsevents/pressreleases/bcreg20220301a.htm