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.z

March 31, 2023 - NCUA Prohibits Two Individuals; Terminates Cease and Desist Order - The National Credit Union Administration issued two prohibition orders and terminated one cease and desist order in March 2023. https://ncua.gov/newsroom/press-release/2023/ncua-prohibits-two-individuals-terminates-cease-and-desist-order
 
March 31, 2023 - Acting Comptroller of the Currency Michael J. Hsu Named FFIEC Chair - The Federal Financial Institutions Examination Council today announced Michael J. Hsu, Acting Comptroller, Office of the Comptroller of the Currency, as its Chair. https://ncua.gov/newsroom/press-release/2023/acting-comptroller-currency-michael-j-hsu-named-ffiec-chair

March 31, 2023 - OCC Reports Mortgage Performance for Fourth Quarter of 2022 - The Office of the Comptroller of the Currency reported a slight decline in the performance of first-lien mortgages in the federal banking system during the fourth quarter of 2022 compared to the previous quarter. www.occ.gov/news-issuances/news-releases/2023/nr-occ-2023-32.html

March 31, 2023 - OCC Reports Fourth Quarter 2022 Bank Trading Revenue - The Office of the Comptroller of the Currency reported cumulative trading revenue of U.S. commercial banks and savings associations of $9.6 billion in the fourth quarter of 2022. www.occ.gov/news-issuances/news-releases/2023/nr-occ-2023-33.html

March 31, 2023 - Why Has Monetary Policy Tightening Not Cooled the Labor Market Enough to Quell Inflation? - Despite a year of rapidly rising interest rates, labor markets remain tight, likely contributing to the persistence of inflation. www.kansascityfed.org/research/economic-bulletin/why-has-monetary-policy-tightening-not-cooled-the-labor-market-enough-to-quell-inflation/

March 31, 2023 - Small Business C&I Lending Increases from Previous Quarter but Declines Year-Over-Year - Small business commercial and industrial lending increased marginally in the fourth quarter 2022, when compared with the previous quarter. www.kansascityfed.org/surveys/small-business-lending-survey/small-business-ci-lending-increases-from-previous-quarter-but-declines-year-over-year/

March 31, 2023 - FDIC Makes Public February Enforcement Actions - The Federal Deposit Insurance Corporation (FDIC) today released a list of orders of administrative enforcement actions taken against banks and individuals in February 2023. www.fdic.gov/news/press-releases/2023/pr23025.html

March 31, 2023 - Publication - Report to the Congress on the Office of Minority and Women Inclusion, March 2023 - 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, 2023 - Publication - No FEAR Act, 2022 - 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, 2023 - In Search of Dominant Drivers of the Real Exchange Rate - Wataru Miyamoto, Thuy Lan Nguyen, Hyunseung Oh - We uncover the major drivers of macro aggregates and the real exchange rate at business cycle frequencies in Group of Seven countries. www.federalreserve.gov/econres/ifdp/in-search-of-dominant-drivers-of-the-real-exchange-rate.htm

March 31, 2023 - Credit and Liquidity Programs and the Balance Sheet - Recent balance sheet trends, weekly chart update. www.federalreserve.gov/monetarypolicy/bst_recenttrends.htm

March 31, 2023 - Identifying Financial Crises Using Machine Learning on Textual Data - Mary Chen, Matthew DeHaven, Isabel Kitschelt, Seung Jung Lee, and Martin J. Sicilian - We use machine learning techniques on textual data to identify financial crises. www.federalreserve.gov/econres/ifdp/identifying-financial-crises-using-machine-learning-on-textual-data.htm

March 31, 2023 - Community Depository Institutions Advisory Council, Record of Meeting - November 17, 2022 - The Community Depository Institutions Advisory Council was established in 2010 by the Board of Governors to provide input to the Board on the economy, lending conditions, and other issues of interest to community depository institutions. www.federalreserve.gov/aboutthefed/cdiac.htm

March 31, 2023 - Regulatory Reform - Discount Window Lending, 2021:Q1 - Federal Reserve lending to depository institutions plays 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
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March 30, 2023 - OCC Establishes Office of Financial Technology - The Office of the Comptroller of the Currency today announced the establishment of its Office of Financial Technology and the selection of Prashant Bhardwaj to lead the office as Deputy Comptroller and Chief Financial Technology Officer, effective April 10, 2023. www.occ.gov/news-issuances/news-releases/2023/nr-occ-2023-31.html

March 30, 2023 - Acting Comptroller Emphasizes Focus on Safe and Sound Banking System, Discusses Elevating Fairness in Banking - Acting Comptroller of the Currency Michael J. Hsu today emphasized the Office of the Comptroller of the Currency’s continued focus on the safety, soundness and fairness of the federal banking system and its work to elevate fairness in banking in remarks at the National Community Reinvestment Coalition’s Just Economy Conference. www.occ.gov/news-issuances/news-releases/2023/nr-occ-2023-30.html

March 30, 2023 - The Federal Financial Institutions Examination Council’s member agencies are making changes to the Uniform Bank Performance Report’s Income Statement pages on or shortly after April 1, 2023. www.ffiec.gov/press/an033023.htm

March 30, 2023 - Regulatory Relief: Guidance to Help Financial Institutions and Facilitate Recovery in Areas of Mississippi Affected by Severe Storms, Straight-line Winds and Tornadoes.   www.fdic.gov/news/financial-institution-letters/2023/fil23012.html

March 30, 2023 - Surveys and Reports - Senior Credit Officer Opinion Survey on Dealer Financing Terms, March 2023.  www.federalreserve.gov/data/scoos.htm

March 30, 2023 - Legal Interpretations - Bank Holding Company Act, December 8, 2022.  www.federalreserve.gov/supervisionreg/legalinterpretations/bhc_changeincontrol2022.htm

March 30, 2023 - Federal Reserve Board fines Wells Fargo $67.8 million for inadequate oversight of sanctions risk at its subsidiary bank.   www.federalreserve.gov/newsevents/pressreleases/enforcement20230330a.htm

March 29, 2023 - What Consumer Surveys Say about the Design of a U.S. CBDC for Retail Payments - Although researchers continue to discuss the possibility of a central bank digital currency for retail payments in the United States, the success of a CBDC will depend on consumer adoption. www.kansascityfed.org/research/payments-system-research-briefings/what-consumer-surveys-say-about-the-design-of-a-us-cbdc-for-retail-payments/

March 29, 2023 - Statistical Release - Finance Companies - G.20.  www.federalreserve.gov/releases/g20/current/default.htm

March 29, 2023 - Speech by Vice Chair for Supervision Michael S. Barr At the National Community Reinvestment Coalition Just Economy Conference, Washington, D.C. (via prerecorded video).   www.federalreserve.gov/newsevents/speech/barr20230329a.htm

March 28, 2023 - Statement on Transparency and Accountability by the 12 Federal Reserve Banks - The Federal Reserve Banks are committed to transparency and accountability and each Reserve Bank has existing procedures for providing information to the public. www.chicagofed.org/publications/news/2023/statement-on-transparency-and-accountability

March 28, 2023 - Statistical Release - Money Stock Measures - H.6 - This release includes seasonally adjusted measures of the monetary aggregates and components produced with revised seasonal factors, which were derived from data through December 2022 and estimated using the Census Bureau's X-13ARIMA-SEATS seasonal adjustment program. www.federalreserve.gov/releases/h6/current/default.htm

March 28, 2023 - Statistical Release - Industrial Production and Capacity Utilization - G.17 Annual Revision.  www.federalreserve.gov/releases/g17/revisions/Current/DefaultRev.htm

March 28, 2023 - Testimony by Vice Chair for Supervision Michael S. Barr - Bank Oversight Before the U.S. Senate Committee on Banking, Housing, and Urban Affairs, Washington, D.C. www.federalreserve.gov/newsevents/testimony/barr20230328a.htm

March 27, 2023 - Consolidated Reports of Condition and Income for First Quarter 2023 - The attached materials pertain to the Consolidated Reports of Condition and Income (Call Report) for the March 31, 2023, report date and provide guidance on certain reporting issues. www.fdic.gov/news/financial-institution-letters/2023/fil23011.html

March 27, 2023 - FDIC Demands Utoppia Inc. and Its Officers Cease Making False or Misleading Representations about Deposit Insurance in English and Spanish - The Federal Deposit Insurance Corporation issued a letter demanding Utoppia Inc. and certain of its officers cease and desist from making false and misleading statements about FDIC deposit insurance and take immediate corrective action to address these false or misleading statements. www.fdic.gov/news/press-releases/2023/pr23024.html

March 27, 2023 - Speech by Governor Philip N. Jefferson - Implementation and Transmission of Monetary Policy At the H. Parker Willis Lecture, Washington and Lee University, Lexington, Virginia.  www.federalreserve.gov/newsevents/speech/jefferson20230327a.htm

March 24, 2023 - OCC Appoints Six 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/2023/nr-occ-2023-29.html

March 24, 2023 - Tenth District Services Activity Declined Slightly in March - Regional services activity declined slightly in March. With current price pressures, about 70% of firms reported lower profit margins from the beginning of the year. www.kansascityfed.org/surveys/services-survey/tenth-district-services-activity-declined-slightly-in-march/

March 24, 2023 - When the Music Stops: Slowing Wage Growth May Lead to More Delinquent Debt - Subprime auto debt has risen nearly 10 percent above pre-pandemic levels, and delinquency rates have increased despite high wage growth in the economy. www.kansascityfed.org/research/economic-bulletin/when-the-music-stops-slowing-wage-growth-may-lead-to-more-delinquent-debt/

March 24, 2023 - Statement on Transparency and Accountability by the 12 Federal Reserve Banks - The Federal Reserve banks are committed to transparency and accountability and each Reserve bank has existing procedures for providing information to the public. www.stlouisfed.org/news-releases/2023/03/24/statement-transparency-accountability-by-12-federal-reserve-banks

March 24, 2023 - St. Louis Fed’s Bullard Presents “Financial Stress and the Current Macroeconomic Outlook” - Federal Reserve Bank of St. Louis President James Bullard presented “Financial Stress and the Current Macroeconomic Outlook” on Friday to Greater St. Louis Inc. www.stlouisfed.org/news-releases/2023/03/24/bullard-presents-financial-stress-current-macroeconomic-outlook

March 24, 2023 - From-Whom-to-Whom Relationships in the Financial Accounts of the United States: A New Methodology and Some Early Results - Michael Batty, Elizabeth Holmquist, Robert Kurtzman - The Financial Accounts of the United States provide data on the financial assets and liabilities of major sectors of the United States economy, disaggregated by financial instrument. www.federalreserve.gov/econres/notes/feds-notes/from-whom-to-whom-relationships-in-the-financial-accounts-of-the-united-states-20230324.html

March 24, 2023 - Enhanced Financial Accounts, March 2023. www.federalreserve.gov/releases/efa/enhanced-financial-accounts.htm

March 24, 2023 - Credit and Liquidity Programs and the Balance Sheet - Recent balance sheet trends, weekly chart update.  www.federalreserve.gov/recentpostings.htm

March 24, 2023 - Gender Gaps in the Labor Market Widen Every Summer - Brendan M. Price and Melanie Wasserman - Gender gaps in labor market activity are pervasive, longstanding, and a regular subject of policy debates. Relative to men, women tend to work fewer hours per week, more conventional hours, and fewer years over the course of their lives. www.federalreserve.gov/econres/notes/feds-notes/gender-gaps-in-the-labor-market-widen-every-summer-20230324.html

March 24, 2023 - Nonresidential construction spending is likely not as weak as it seems - Eirik Brandsaas, Daniel Garcia, Joseph Nichols, and Kyra Sadovi -Unlike any other major component of GDP, private investment in nonresidential structures excluding drilling and mining has steadily declined since the start of 2020. www.federalreserve.gov/econres/notes/feds-notes/nonresidential-construction-spending-is-likely-not-as-weak-as-it-seems-20230324.html

March 24, 2023 - Federal Reserve Board releases annual audited financial statements - The Federal Reserve Board on Friday released the 2022 combined annual audited financial statements for the Reserve Banks. www.federalreserve.gov/newsevents/pressreleases/other20230324a.htm

March 24, 2023 - Federal Reserve Board publishes its order denying the application by Custodia Bank, Inc., to be supervised by the Federal Reserve - The Federal Reserve Board on Friday published its order denying the application by Custodia Bank, Inc., of Cheyenne, Wyoming to be supervised by the Federal Reserve. www.federalreserve.gov/newsevents/pressreleases/orders20230324a.htm

March 23, 2023 - Tenth District Manufacturing Activity Stayed Flat in March - Regional factory activity stayed flat in March. Given current price pressures, around half of firms reported lower profit margins from the beginning of the year and changing prices more frequently than last year. www.kansascityfed.org/surveys/manufacturing-survey/tenth-district-manufacturing-activity-stayed-flat-in-march/
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March 23, 2023 - Tenth District Manufacturing Activity Stayed Flat in March - Given current price pressures, around half of firms reported lower profit margins from the beginning of the year and changing prices more frequently than last year. www.kansascityfed.org/surveys/manufacturing-survey/tenth-district-manufacturing-activity-stayed-flat-in-march/

March 23, 2023 - 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 22, 2023 - Federal Reserve Board and Federal Open Market Committee release economic projections from the March 21-22 FOMC meeting..   www.federalreserve.gov/newsevents/pressreleases/monetary20230322b.htm

March 22, 2023 - Federal Reserve issues FOMC statement - Recent indicators point to modest growth in spending and production. www.federalreserve.gov/newsevents/pressreleases/monetary20230322a.htm

March 21, 2023 - NCUA Releases 2022 Annual Report - The National Credit Union Administration today released its 2022 Annual Report(opens new window), highlighting the agency’s activities, policy initiatives, and accomplishments for the past year. https://ncua.gov/newsroom/press-release/2023/ncua-releases-2022-annual-report

March 20, 2023 - OCC Hosts Mutual Savings Association Advisory Committee Meeting April 4 - The Office of the Comptroller of the Currency today announced it will host a public meeting of the Mutual Savings Association Advisory Committee (MSAAC) on Tuesday, April 4, 2023. www.occ.gov/news-issuances/news-releases/2023/nr-occ-2023-28.html

March 20, 2023 - OCC Conditionally Approves Flagstar Bank, N.A. to Purchase and Assume Deposits of Signature Bridge Bank, N.A. - The Office of the Comptroller of the Currency announced today that it has conditionally approved Flagstar Bank, N.A., Hicksville, New York, to purchase assets and assume certain liabilities of Signature Bridge Bank, N.A., New York, New York. www.occ.gov/news-issuances/news-releases/2023/nr-occ-2023-27.html

March 20, 2023 - FDIC Extends Bid Window For Silicon Valley Bridge Bank, N.A. - The Federal Deposit Insurance Corporation (FDIC) has extended the bidding process for Silicon Valley Bridge Bank, National Association, Santa Clara, California. www.fdic.gov/news/press-releases/2023/pr23022.html

March 19, 2023 - Subsidiary of New York Community Bancorp, Inc., to Assume Deposits of Signature Bridge Bank, N.A., From the FDIC - The Federal Deposit Insurance Corporation (FDIC) entered into a purchase and assumption agreement for substantially all deposits and certain loan portfolios of Signature Bridge Bank, National Association, by Flagstar Bank, National Association, Hicksville, New York, a wholly owned subsidiary of New York Community Bancorp, Inc., Westbury, New York. www.fdic.gov/news/press-releases/2023/pr23021.html

March 19, 2023 - 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. https://www.federalreserve.gov/newsevents/pressreleases/monetary20230319a.htm

March 19, 2023 - Statement by Secretary of the Treasury Janet L. Yellen and Federal Reserve Board Chair Jerome H. Powell.  www.federalreserve.gov/newsevents/pressreleases/other20230319a.htm

March 17, 2023 - 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/2023/nr-occ-2023-26.html

March 17, 2023 - Credit and Liquidity Programs and the Balance Sheet - Recent balance sheet trends, weekly chart update.  www.federalreserve.gov/monetarypolicy/bst_recenttrends.htm

March 17, 2023 - Industrial Production and Capacity Utilization - G.17 - Industrial production was unchanged in February, and manufacturing output edged up 0.1 percent. www.federalreserve.gov/releases/g17/current/default.htm
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March 16, 2023 - NCUA Board Approves Final Subordinated Debt Rule to Support ECIP Participation - The National Credit Union Administration Board held its third open meeting of 2023 and approved a final rule(opens new window) on subordinated debt. https://ncua.gov/newsroom/press-release/2023/ncua-board-approves-final-subordinated-debt-rule-support-ecip-participation

March 16, 2023 - Joint Statement by the Department of the Treasury, Federal Reserve, FDIC, and OCC - The following statement was released by Secretary of the Treasury Janet L. Yellen, Federal Reserve Board Chair Jerome H. Powell, FDIC Chairman Martin J. Gruenberg, and Acting Comptroller of the Currency Michael J. Hsu: www.fdic.gov/news/press-releases/2023/pr23020.html

March 16, 2023 - Report to Congress Pursuant to Section 13(3) of the Federal Reserve Act: Bank Term Funding Program www.federalreserve.gov/publications/reports-to-congress-pursuant-to-section-13-3-btfp.htm

March 15, 2023 - NCUA Releases Q4 2022 State-level Credit Union Data Report - Federally insured credit unions, overall, experienced continued growth in assets, shares and deposits, and loans during 2022, according to the latest Quarterly U.S. Map Review(opens new window) released today by the National Credit Union Administration. https://ncua.gov/newsroom/press-release/2023/ncua-releases-q4-2022-state-level-credit-union-data-report

March 15, 2023 - OCC Issues Prohibition Order, Fines Former Wells Fargo Executive $17 Million in Settlement - The Office of the Comptroller of the Currency (OCC) today announced the issuance of a prohibition order and a $17 million civil money penalty by consent against Carrie Tolstedt, former head of Wells Fargo Bank, N.A.�s Community Bank, for her role in systemic sales practices misconduct. www.occ.treas.gov/news-issuances/news-releases/2023/nr-occ-2023-24.html

March 15, 2023 - Federal Reserve announces July launch for the FedNow Service - The first week of April, the Federal Reserve will begin the formal certification of participants for launch of the service. www.federalreserve.gov/newsevents/pressreleases/other20230315a.htm

March 14, 2023 - How Tight Is U.S. Monetary Policy? By Filippo Ferroni , Jonas D. M. Fisher , Leonardo Melosi - Over the past 11 months, the Federal Reserve has raised the federal funds rate at the fastest pace since the 1980s. www.chicagofed.org/publications/chicago-fed-letter/2023/476

March 14, 2023 - The KC Fed LMCI suggests the level of activity and momentum were little changed in February - The level of activity indicator was little changed at 1.21 in February, while the momentum indicator was −0.04, unchanged from its revised January level. www.kansascityfed.org/data-and-trends/lmci/current-release/

March 14, 2023 - Financial Institutions are Required to Meet Contractual Obligations with Bridge Banks - All contracts entered into with banks before they failed, and their counterparties were transferred into the bridge bank by the FDIC as receiver. www.fdic.gov/news/financial-institution-letters/2023/fil23010.html 

March 13, 2023 - Statement from NCUA Chairman Todd M. Harper - The credit union system remains well-capitalized and on a solid footing. https://ncua.gov/newsroom/press-release/2023/statement-ncua-chairman-todd-m-harper

March 13, 2023 - FDIC Acts to Protect All Depositors of the former Silicon Valley Bank, Santa Clara, California - The Federal Deposit Insurance Corporation today transferred all deposits�both insured and uninsured�and substantially all assets of the former Silicon Valley Bank of Santa Clara, California, to a newly created, full-service FDIC-operated �bridge bank� in an action designed to protect all depositors of Silicon Valley Bank. www.fdic.gov/news/press-releases/2023/pr23019.html

March 13, 2023 - 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

March 13, 2023 - Federal Reserve Board announces that Vice Chair for Supervision Michael S. Barr is leading a review of the supervision and regulation of Silicon Valley Bank, in light of its failure.  www.federalreserve.gov/newsevents/pressreleases/bcreg20230313a.htm

March 10, 2023 - How Tight Is U.S. Monetary Policy? By Filippo Ferroni , Jonas D. M. Fisher , Leonardo Melosi - Over the past 11 months, the Federal Reserve has raised the federal funds rate at the fastest pace since the 1980s. www.chicagofed.org/publications/chicago-fed-letter/2023/476

March 10, 2023 - FDIC Creates a Deposit Insurance National Bank of Santa Clara to Protect Insured Depositors of Silicon Valley Bank, Santa Clara, California - Silicon Valley Bank, Santa Clara, California, was closed today by the California Department of Financial Protection and Innovation, which appointed the Federal Deposit Insurance Corporation as receiver. www.fdic.gov/news/press-releases/2023/pr23016.html

March 10, 2023 - Credit and Liquidity Programs and the Balance Sheet - Recent balance sheet trends, weekly chart update.  www.federalreserve.gov/monetarypolicy/bst_recenttrends.htm _______________________________

March 9, 2023 - How Tight Is U.S. Monetary Policy? By Filippo Ferroni , Jonas D. M. Fisher , Leonardo Melosi - Over the past 11 months, the Federal Reserve has raised the federal funds rate at the fastest pace since the 1980s. www.chicagofed.org/publications/chicago-fed-letter/2023/476

March 9, 2023 - Economic Review - Increasing the federal minimum wage gradually and steadily may help minimize negative employment effects. www.kansascityfed.org/research/economic-review/the-employment-effect-of-an-increase-in-the-national-minimum-wage-review-of-international-evidence/

March 9, 2023 - Fair Hiring in Banking Act Amends Section 19 of the Federal Deposit Insurance Act - On December 23, 2022, the James M. Inhofe National Defense Authorization Act for Fiscal Year 2023, which contained the Fair Hiring in Banking Act, was signed into law and became immediately effective. www.fdic.gov/news/financial-institution-letters/2023/fil23009.html

March 9, 2023 - Statistical Release - Z.1 - Financial Accounts of the United States - 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 9, 2023 - Supporting Innovation with Guardrails: The Federal Reserve�s Approach to Supervision and Regulation of Banks� Crypto-related Activities Vice Chair for Supervision Michael S. Barr At the Peterson Institute for International Economics, Washington, D.C. www.federalreserve.gov/newsevents/speech/barr20230309a.htm

March 9, 2023 - Federal Reserve announces members of its Community Depository Institutions Advisory Council for 2023 - The CDIAC advises the Board on the economy, lending conditions, and other issues of interest to community depository institutions. www.federalreserve.gov/newsevents/pressreleases/other20230309a.htm

March 9, 2023 - Federal Reserve Board announces termination of enforcement action with Atlantic Community Bankers Bank.   www.federalreserve.gov/newsevents/pressreleases/enforcement20230309a.htm

March 9, 2023 - NCUA to Distribute $178 Million Under Corporate System Resolution Program - The National Credit Union Administration, in its role as liquidating agent, announced today a $109.6 million distribution to more than 100 membership and paid in capital shareholders of the former Constitution and U.S. Central corporate credit unions. www.ncua.gov/newsroom/press-release/2023/ncua-distribute-178-million-under-corporate-system-resolution-program 

March 8, 2023 - 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 $108 billion, or 5.2 percent, to $2.17 trillion over the year ending in the fourth quarter of 2022. https://ncua.gov/newsroom/press-release/2023/credit-union-assets-shares-and-deposits-grow-fourth-quarter

March 8, 2023 - Tenth District Beige Book - Tenth District Summary for Beige Book - Total economic activity across the Tenth District fell slightly in February. www.kansascityfed.org/surveys/beige-book/tenth-district-beige-book/

March 8, 2023 - 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/2023/03/st-louis-fed-releases-beige-book

March 8, 2023 - Beige Book - Informal review by the Federal Reserve Banks of current economic conditions in their Districts.  www.federalreserve.gov/monetarypolicy/publications/beige-book-default.htm

March 7, 2023 - Statistical Release - Consumer Credit - G.19 - In January, consumer credit increased at a seasonally adjusted annual rate of 3.7 percent. www.federalreserve.gov/releases/g19/current/default.htm

March 7, 2023 - Testimony by Chair Jerome H. Powell - Semiannual Monetary Policy Report to the Congress Before the Committee on Banking, Housing, and Urban Affairs, U.S. Senate, Washington, D.C. www.federalreserve.gov/newsevents/testimony/powell20230307a.htm

March 6, 2023 - Acting Comptroller Discusses Trust in Global Banking, Lessons for Crypto - Acting Comptroller of the Currency Michael J. Hsu today discussed building and maintaining trust in global banking in remarks at the Institute for International Bankers.  www.occ.gov/news-issuances/news-releases/2023/nr-occ-2023-23.html

March 4, 2023 - Forward-Looking Policy in a Real-Time World - Mary C. Daly President and Chief Executive Officer Federal Reserve Bank of San Francisco.  www.frbsf.org/our-district/press/presidents-speeches/mary-c-daly/2023/march/forward-looking-policy-in-a-real-time-world/

March 3, 2023 - 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/2023/pr23015.html

March 3, 2023 - Credit and Liquidity Programs and the Balance Sheet - Recent balance sheet trends, weekly chart update.  www.federalreserve.gov/monetarypolicy/bst_recenttrends.htm

March 3, 2023 - FOIA - Chair Powell's calendar, January 2023.  www.federalreserve.gov/foia/chairman-powell-calendar.htm

March 3, 2023 - Monetary Policy Report - This report⁠�called the Monetary Policy Report⁠�is submitted semiannually to the Senate Committee on Banking, Housing, and Urban Affairs and to the House Committee on Financial Services, along with testimony from the Federal Reserve Board Chair. www.federalreserve.gov/monetarypolicy/publications/mpr_default.htm

March 3, 2023 - Remarks by Governor Bowman on design issues for central bank facilities in the future At The Chicago Booth Initiative on Global Markets Workshop on Market Dysfunction, Chicago, Illinois www.federalreserve.gov/newsevents/speech/bowman20230303a.htm

March 2, 2023 - Acting Comptroller, Former Agency Leaders Celebrate the OCC�s 160th Anniversary - Acting Comptroller of the Currency Michael J. Hsu today hosted former Comptrollers and Acting Comptrollers to mark the Office of the Comptroller of the Currency�s 160th anniversary of overseeing the federal banking system. www.occ.gov/news-issuances/news-releases/2023/nr-occ-2023-22.html

March 2, 2023 - Bank Holding Companies/Savings and Loan Holding Companies/Change in Control - 2023 Letters.   www.federalreserve.gov/supervisionreg/legalinterpretations/bhc_changeincontrol2023.htm

March 2, 2023 - Speech by Governor Waller on the economic outlook Governor Christopher J. Waller At the Mid-Size Bank Coalition of America, Los Angeles, California (via webcast).   www.federalreserve.gov/newsevents/speech/waller20230302a.htm
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March 2, 2023 - Legal Interpretations - Bank Holding Company Act, February 1, 2023.  www.federalreserve.gov/supervisionreg/legalinterpretations/bhc_changeincontrol2023.htm

March 2, 2023 - Federal Reserve Board announces termination of enforcement action with FMB Bancshares, Inc. www.federalreserve.gov/newsevents/pressreleases/enforcement20230302a.htm

March 1, 2023 - A Tight Labor Market Could Keep Rent Inflation Elevated - Rent inflation responds more to labor market conditions compared with other components of inflation.   www.kansascityfed.org/research/economic-bulletin/a-tight-labor-market-could-keep-rent-inflation-elevated/

March 1, 2023 - OCC Releases CRA Evaluations for 22 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, 2023, through February 28, 2023. www.occ.gov/news-issuances/news-releases/2023/nr-occ-2023-21.html

March 1, 2023 - Statistical Release - Foreign Exchange Rates - G.5 - The table below shows the average rates of exchange in FEBRUARY 2023 together with comparable figures for other months. www.federalreserve.gov/releases/G5/CURRENT/default.htm