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.

May 31, 2022 - NCUA Issues Two Prohibition Orders, One Notice in May 2022.  www.ncua.gov/newsroom/press-release/2022/ncua-issues-two-prohibition-orders-one-notice-may-2022

May 31, 2022 - Flood Disaster Protection Act: 2022 Interagency Questions and Answers Regarding Flood Insurance - On May 11, 2022, the Office of the Comptroller of the Currency, the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, the Farm Credit Administration, and the National Credit Union Administration issued “Loans in Areas Having Special Flood Hazards; Interagency Questions and Answers Regarding Flood Insurance.” www.occ.gov/news-issuances/bulletins/2022/bulletin-2022-16.html

May 31, 2022 - OCC Hosts Risk Governance and Credit Risk Workshops in Kansas City - The Office of the Comptroller of the Currency will host two workshops June 28-29 in Kansas City for directors of national community banks and federal savings associations. www.occ.gov/news-issuances/news-releases/2022/nr-occ-2022-63.html

May 31, 2022 - FDIC Issues CRA Examination Schedules for Third Quarter 2022 and Fourth Quarter 2022 - The Federal Deposit Insurance Corporation today issued the lists of institutions scheduled for a Community Reinvestment Act examination during the third quarter 2022 and fourth quarter 2022. https://www.fdic.gov/news/press-releases/2022/pr22047.html

May 31, 2022 - Publication - Federal Reserve Balance Sheet Developments - The Federal Reserve prepares this balance sheet report to help further its commitment to transparency about actions taken in connection with two of its key functions - conducting monetary policy to meet its congressional mandate of maximum employment and price stability as well as promoting financial stability. www.federalreserve.gov/monetarypolicy/balance-sheet-developments-report.htm

May 31, 2022 - Bubbles and Stagnation - Inęs Xavier - This paper studies the consequences of asset bubbles for economies that are vulnerable to persistent stagnation. www.federalreserve.gov/econres/feds/bubbles-and-stagnation.htm

May 31, 2022 - Retail CBDC and U.S. Monetary Policy Implementation: A Stylized Balance Sheet Analysis - Matthew Malloy, Francis Martinez, Mary-Frances Styczynski, and Alex Thorp - This paper discusses how a Federal Reserve issued retail central bank digital currency could affect U.S. monetary policy implementation. www.federalreserve.gov/econres/feds/retail-cbdc-and-us-monetary-policy-implementation.htm

May 31, 2022 - Minutes of the Board's discount rate meetings from April 25 through May 4, 2022.  www.federalreserve.gov/newsevents/pressreleases/monetary20220531a.htm

May 30, 2022 - Speech by Governor Waller on the economic outlook and thoughts on a soft landing At the Institute for Monetary and Financial Stability Distinguished Lecture, Goethe University Frankfurt, Germany www.federalreserve.gov/newsevents/speech/waller20220530a.htm

May 27, 2022 - Growth in Tenth District Services Continued at a Solid Pace - Growth in Tenth District services activity continued at a solid pace in May, while expectations for future activity eased somewhat but remained positive. www.kansascityfed.org/surveys/services-survey/growth-in-tenth-district-services-Continued-at-a-Solid-Pace/

May 27, 2022 - First Quarter 2022 Banking Conditions - Margins remain compressed while slowed growth provides some relief to capital ratios. www.kansascityfed.org/banking/district-banking-conditions/first-quarter-2022-banking-conditions/

May 27, 2022 - FDIC Makes Public April Enforcement Actions - The Federal Deposit Insurance Corporation today released a list of orders of administrative enforcement actions taken against banks and individuals in April 2022. www.fdic.gov/news/press-releases/2022/pr22046.html

May 27, 2022 - The Effect of the War in Ukraine on Global Activity and Inflation - Dario Caldara, Sarah Conlisk, Matteo Iacoviello, and Maddie Penn - Global geopolitical risks have soared since Russia's invasion of Ukraine.  www.federalreserve.gov/econres/notes/feds-notes/the-effect-of-the-war-in-ukraine-on-global-activity-and-inflation-20220527.htm 

May 27, 2022 - Credit and Liquidity Programs and the Balance Sheet - Recent balance sheet trends, weekly chart update. www.federalreserve.gov/monetarypolicy/bst_recenttrends.htm

May 27, 2022 - A Note on the Expected Expiration of Federal Student Loan Forbearance - Hannah Case, Simona Hannon, and Alvaro Mezza1 - On April 6, 2022, the Department of Education announced a new extension on the forbearance provision for federal student loans, which is now set to expire on August 31, 2022, almost 30 months after being set for the first time. www.federalreserve.gov/econres/notes/feds-notes/a-note-on-the-expected-expiration-of-federal-student-loan-forbearance-20220527.htm

May 27, 2022 - Central Bank Communication about Climate Change - David M. Arseneau, Alejandro Drexler, and Mitsuhiro Osada - This paper applies natural language processing to a large corpus of central bank speeches to identify those related to climate change. www.federalreserve.gov/econres/feds/central-bank-communication-about-climate-change.htm

May 26, 2022 - OCC Hosts Dallas Workshop for National Community Bank Board Directors, Bank Management - The Office of the Comptroller of the Currency will host a workshop in Dallas for directors, senior management team members, and other key executives of national community banks and federal savings associations, June 28-29. www.occ.gov/news-issuances/news-releases/2022/nr-occ-2022-62.html

May 26, 2022 - NCUA Board Briefed on Share Insurance Fund in First Quarter of 2022 - Through a live webcast, the National Credit Union Administration Board held its fifth open meeting of 2022 and was briefed on the performance of the National Credit Union Share Insurance Fund. https://www.ncua.gov/newsroom/press-release/2022/ncua-board-briefed-share-insurance-fund-first-quarter-2022

May 26, 2022 - Growth in Tenth District Manufacturing Activity Slowed Slightly - The pace of regional factory growth slowed slightly but remained strong. www.kansascityfed.org/surveys/manufacturing-survey/growth-in-tenth-district-manufacturing-activity-slowed-slightly/

May 26, 2022 - Assessing the Case for Retail CBDCs: Central Banks’ Considerations - Many central banks around the world have been researching, experimenting, or developing central bank digital currencies. www.kansascityfed.org/research/payments-system-research-briefings/assessing-the-case-for-retail-cbdcs-central-banks-considerations/
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May 26, 2022 - OCC Hosts Dallas Workshop for National Community Bank Board Directors, Bank Management - The Office of the Comptroller of the Currency will host a workshop in Dallas for directors, senior management team members, and other key executives of national community banks and federal savings associations, June 28-29. www.occ.gov/news-issuances/news-releases/2022/nr-occ-2022-62.html

May 26, 2022 - Testimony by Vice Chair Lael Brainard - Digital Assets and the Future of Finance: Examining the Benefits and Risks of a U.S. Central Bank Digital Currency.   www.federalreserve.gov/newsevents/testimony/brainard20220526a.htm

May 25, 2022 - OCC Issues Third and Fourth Quarter 2022 CRA Evaluation Schedule - The Office of the Comptroller of the Currency today released its schedule of Community Reinvestment Act evaluations to be conducted in the third and fourth quarters of 2022. www.occ.gov/news-issuances/news-releases/2022/nr-occ-2022-61.html

May 25, 2022 - Kansas City Fed President Esther George to retire - As outlined by requirements for Reserve Bank presidents, Esther George will retire in early 2023. George has served as president and CEO of the Bank since 2011. www.kansascityfed.org/newsroom/2022-news-releases/kansas-city-fed-president-esther-george-to-retire/

May 25, 2022 - Testimony by Vice Chair Lael Brainard - Digital Assets and the Future of Finance: Examining the Benefits and Risks of a U.S. Central Bank Digital Currency Before the Committee on Financial Services, U.S. House of Representatives, Washington, D.C. www.federalreserve.gov/newsevents/testimony/brainard20220526a.htm

May 25, 2022 - Legal Interpretations - Bank Holding Company Act, January 5 and March 29, 2022.  www.federalreserve.gov/supervisionreg/legalinterpretations/bhc_changeincontrol2022.htm

May 25, 2022 - Commencement Remarks by Vice Chair Brainard at the 2022 Commencement of the School for Advanced International Studies.  www.federalreserve.gov/newsevents.htm

May 25, 2022 - Minutes of the Federal Open Market Committee, May 3-4, 2022. www.federalreserve.gov/newsevents/pressreleases/monetary20220525a.htm

May 24, 2022 - Acting Comptroller Discusses Vulnerabilities, Volatility with Cryptocurrency - Acting Comptroller of the Currency Michael J. Hsu today discussed vulnerabilities in the cryptocurrency framework and recent volatility with stablecoins in remarks at the DC Blockchain Summit 2022.
www.occ.gov/news-issuances/news-releases/2022/nr-occ-2022-60.html

May 24, 2022 - FDIC-Insured Institutions Reported Net Income of $59.7 Billion in First Quarter 2022 - Reports from 4,796 commercial banks and savings institutions insured by the Federal Deposit Insurance Corporation reflect aggregate net income of $59.7 billion in first quarter 2022, a decline of $17.0 billion (22.2 percent) from a year ago. www.fdic.gov/news/press-releases/2022/pr22045.html

May 24, 2022 - Financial Repercussions of SNAP Work Requirements - Samuel Dodini, Jeff Larrimore, and Anna Tranfaglia - This paper considers the credit response of individuals after the implementation of new work requirements for Supplemental Nutrition Assistance benefits using a large nationally representative sample of credit records. www.federalreserve.gov/econres/feds/financial-repercussions-of-snap-work-requirements.htm

May 24, 2022 - Statistical Release - Large Commercial Banks - The Federal Reserve Board compiles quarterly data on domestically chartered insured commercial banks that have consolidated assets of $300 million or more and releases the data about twelve weeks after the end of each quarter. www.federalreserve.gov/releases/lbr/

May 24, 2022 - Money Stock Measures - H.6 Release.  www.federalreserve.gov/releases/h6/current/default.htm

May 24, 2022 - Welcoming Remarks by Chair Powell at the Reservation Economic Summit 2022 Chair Jerome H. Powell At the Reservation Economic Summit 2022 hosted by the National Center for American Indian Enterprise Development, Las Vegas, Nevada (via prerecorded video).  www.federalreserve.gov/newsevents/speech/powell20220524a.htm

May 24, 2022 - Federal Reserve Board announces approval of application by Alerus Financial Corporation - The Federal Reserve Board on Tuesday announced its approval of the application by Alerus Financial Corporation, Grand Forks, North Dakota, to merge with MPB BHC, Inc., and thereby indirectly acquire Metro Phoenix Bank, both of Phoenix, Arizona. www.federalreserve.gov/newsevents/pressreleases/orders20220524a.htm

May 23, 2022 - Acting Comptroller of the Currency Presents Bank Charter to Minority Depository Institution - The woman-owned and -led bank is the first new minority depository institution national bank in 15 years. www.occ.gov/news-issuances/news-releases/2022/nr-occ-2022-59.html

May 23, 2022 - Turmoil in Commodity Markets Following Russia’s Invasion of Ukraine - Russia’s invasion of Ukraine, which began in February 2022, has caused broad disruptions in global commodity markets. Kansas City Fed researchers explore the substantial impacts of these disruptions to markets and consumers. www.kansascityfed.org/agriculture/turmoil-in-commodity-markets-following-russias-invasion-of-ukraine/

May 23, 2022 - Federal Reserve Board announces approval of application by MidWestOne Financial Group, Inc. - The Federal Reserve Board on Monday announced its approval of the application by MidWestOne Financial Group, Inc., Iowa City, Iowa, to merge with Iowa First Bancshares Corp., and thereby indirectly acquire First National Bank of Muscatine, both of Muscatine, Iowa, and First National Bank in Fairfield, Fairfield, Iowa. www.federalreserve.gov/newsevents/pressreleases/orders20220523a.htm

May 23, 2022 - Jerome H. Powell sworn in for second term as Chair of the Board of Governors of the Federal Reserve System - President Biden re-nominated Mr. Powell in November 2021, and he was confirmed by the United States Senate on May 12, 2022. www.federalreserve.gov/newsevents/pressreleases/other20220523e.htm

May 23, 2022 - Lael Brainard sworn in as Vice Chair of the Board of Governors of the Federal Reserve System.  www.federalreserve.gov/newsevents/pressreleases/other20220523d.htm

May 23, 2022 -Lisa D. Cook sworn in as a member of the Board of Governors of the Federal Reserve System.  www.federalreserve.gov/newsevents/pressreleases/other20220523c.htm

May 23, 2022 - Philip N. Jefferson sworn in as a member of the Board of Governors of the Federal Reserve System. www.federalreserve.gov/newsevents/pressreleases/other20220523b.htm

May 23, 2022 - Federal Reserve Board issues Economic Well-Being of U.S. Households in 2021 report - The Federal Reserve Board on Monday issued its Economic Well-Being of U.S. Households in 2021 report, which examines the financial lives of U.S. adults and their families. www.federalreserve.gov/newsevents/pressreleases/other20220523a.htm

May 20, 2022 - FDIC Publishes 2022 Risk Review - The Federal Deposit Insurance Corporation today published its 2022 Risk Review, a comprehensive summary of emerging risks in the U.S. banking system as observed in 2021. www.fdic.gov/news/press-releases/2022/pr22044.html

May 20, 2022 - The Anatomy of Single-Digit Inflation in the 1960s - Jeremy B. Rudd - Recently, the experience of the 1960s—when the U.S. inflation rate rose rapidly and persistently over a comparatively short period—has been invoked as a cautionary tale for the present. www.federalreserve.gov/econres/feds/the-anatomy-of-single-digit-inflation-in-the-1960s.htm 

May 20, 2022 - Who Killed the Phillips Curve? A Murder Mystery - David Ratner and Jae Sim - Is the Phillips curve dead? If so, who killed it? Conventional wisdom has it that the sound monetary policy since the 1980s not only conquered the Great Inflation, but also buried the Phillips curve itself. www.federalreserve.gov/econres/feds/who-killed-the-phillips-curve-a-murder-mystery.htm

May 20, 2022 - Macroeconomic Effects of Capital Tax Rate Changes - Saroj Bhattarai, Jae Won Lee, Woong Yong Park, and Choongryul Yang - We study aggregate, distributional, and welfare effects of a permanent reduction in the capital tax rate in a quantitative model with capital-skill complementarity and household heterogeneity. www.federalreserve.gov/econres/feds/macroeconomic-effects-of-capital-tax-rate-changes.htm

May 20, 2022 - Credit and Liquidity Programs and the Balance Sheet - Recent balance sheet trends, weekly chart update. www.federalreserve.gov/monetarypolicy/bst_recenttrends.htm

May 20, 2022 - Statistical Release - Finance Companies - G.20.  www.federalreserve.gov/releases/g20/current/g20.htm

May 20, 2022 - International Trade and Gender Gaps in College Enrollment - Sarah Conlisk, Gaston Navarro, Maddie Penn, and Ricardo Reyes-Heroles -
A large body of work suggests that trade affects workers unevenly. www.federalreserve.gov/econres/notes/feds-notes/international-trade-and-gender-gaps-in-college-enrollment-20220520.htm

May 19, 2022 - BCA Trend Chart - See historical trends in the Supplementary Leverage Ratio and Tier 1 Leverage Ratio. https://www.kansascityfed.org/Banking/documents/8818/Bank_Capital_Analysis_TREND_CHART_-_4Q_2021_1.pdf

May 19, 2022 - Bank Capital Analysis Semiannual Update By Sabrina Pellerin - The Bank Capital Analysis provides a horizontal comparison of capital adequacy among banking organizations of varying size and complexity. www.kansascityfed.org/Banking/documents/8816/Bank_Capital_Analysis_Report_-_4Q2021.pdf

May 19, 2022 - Strong Farm Economy Continues to Support Credit Conditions - Agricultural credit conditions improved in the first quarter, and farm real estate values continued to increase alongside strength in the U.S. farm economy. www.kansascityfed.org/agriculture/agfinance-updates/strong-farm-economy-continues-support-credit-conditions/ 

May 19, 2022 - Central Bank Digital Currency - While the Federal Reserve has made no decisions on whether to pursue or implement a central bank digital currency, or CBDC, we have been exploring the potential benefits and risks of CBDCs from a variety of angles, including through technological research and experimentation. www.federalreserve.gov/central-bank-digital-currency.htm

May 19, 2022 - AgLetter: May 2022 - Agricultural land values for the Seventh Federal Reserve District shot up 23 percent in the first quarter of 2022 from a year ago, continuing the recent streak of sharp year-over-year gains. www.chicagofed.org/publications/agletter/2020-2024/may-2022

May 19, 7022 - Strong Farm Economy Continues to Support Credit Conditions - Agricultural credit conditions improved in the first quarter, and farm real estate values continued to increase alongside strength in the U.S. farm economy. www.kansascityfed.org/agriculture/agfinance-updates/strong-farm-economy-continues-support-credit-conditions/

May 19, 2022 - Monetary Policy and Homeownership: Empirical Evidence, Theory, and Policy Implications - Daniel A. Dias and Joao B. Duarte - We show that monetary policy affects homeownership decisions and argue that this effect is an important and overlooked channel of monetary policy transmission. www.federalreserve.gov/econres/ifdp/monetary-policy-and-homeownership-empirical-evidence-theory-policy-implications.htm

May 19, 2022 - Federal Reserve Board finalizes rule that governs funds transfers over the Federal Reserve Banks' FedNow Service - The FedNow Service is a new 24x7x365 interbank settlement service with clearing functionality to support instant payments in the United States and is expected to be available in 2023. www.federalreserve.gov/newsevents/pressreleases/other20220519a.htm
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May 19, 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-2022-58.html

May 19, 2022 - Monetary Policy and Homeownership: Empirical Evidence, Theory, and Policy Implications - Daniel A. Dias and Joao B. Duarte - We show that monetary policy affects homeownership decisions and argue that this effect is an important and overlooked channel of monetary policy transmission. www.federalreserve.gov/econres/ifdp/monetary-policy-and-homeownership-empirical-evidence-theory-policy-implications.htm
 
May 18, 2022 - Acting Comptroller Issues Statement on Passing of John W. Ryan, President and CEO of the Conference of State Bank Supervisors.  www.occ.gov/news-issuances/news-releases/2022/nr-occ-2022-57.html 

May 18, 2022 - Small Entity Compliance Guide related to Simplification of Deposit Insurance Rules for Trust and Mortgage Servicing Accounts - On January 28, 2022, the Federal Deposit Insurance Corporation published a final rule to amend the deposit insurance regulations for trust accounts and mortgage servicing accounts. www.fdic.gov/news/financial-institution-letters/2022/fil22023.html

May 18, 2022 - FDIC Appoints Two Agency Veterans to Lead Its Division of Finance and Division of Insurance and Research - The Federal Deposit Insurance Corporation Board of Directors has appointed Patrick Mitchell to serve as Director of the Division of Insurance and Research and Donna Saulnier to serve as Director of the Division of Finance. www.fdic.gov/news/press-releases/2022/pr22043.html

May 18, 7022 - FDIC Names Hawaiian Banker to Minority Depository Institutions Subcommittee - The Federal Deposit Insurance Corporation today announced Russell Lau, the Chairman and Chief Executive Officer of Finance Factors, Ltd in Honolulu, is the newest member of the agency's Minority Depository Institutions Subcommittee to the Advisory Committee on Community Banking. www.fdic.gov/news/press-releases/2022/pr22042.html

May 18, 7022 - NCUA Statement on Committee Passage of Vendor Authority and Underserved Areas Bills - National Credit Union Administration Chairman Todd M. Harper issued the following statement after the approval of H.R. 7022, the Strengthening Cybersecurity for the Financial Sector Act of 2022, and H.R. 7003, the Expanding Financial Access for Underserved Communities Act, by the U.S. House Committee on Financial Services today. www.ncua.gov/newsroom/press-release/2022/ncua-statement-committee-passage-vendor-authority-and-underserved-areas-bills

May 18, 2022 - NCUA Statement on Committee Passage of Vendor Authority and Underserved Areas Bills - National Credit Union Administration Chairman Todd M. Harper issued the following statement on the passing of John Ryan, President and CEO of the Conference of State Bank Supervisors, late yesterday evening. www.ncua.gov/newsroom/press-release/2022/statement-passing-csbs-president-and-ceo-john-ryan

May 17, 2022 - Inflation Dynamics and the Monetary Policy Response - A speech presented by Charles L. Evans, president and chief executive officer, Federal Reserve Bank of Chicago, on May 17, 2022, to the Money Marketeers of New York University, Inc., in New York City, NY. www.chicagofed.org/publications/speeches/2022/may-17-money-marketeers

May 17, 2022 - Acting Comptroller Discusses Risk Management - Acting Comptroller of the Currency Michael J. Hsu today discussed the importance of risk management in remarks at Bloomberg Risk & Regulation Week 2022. www.occ.treas.gov/news-issuances/news-releases/2022/nr-occ-2022-54.html 

May 17, 7022 - Amendments to Guidelines for Appeals of Material Supervisory Determinations - The FDIC has adopted Guidelines for Appeals of Material Supervisory Determinations that restore the Supervision Appeals Review Committee as the final level of review in the agency’s supervisory appeals process. www.fdic.gov/news/financial-institution-letters/2022/fil22022.html

May 17, 2022 - FDIC Issues Final Rule Regarding False Advertising, Misrepresentations About Insured Status, and Misuse of the FDIC’s Name or Logo. 
www.fdic.gov/news/press-releases/2022/pr22041.html
https://www.occ.treas.gov/news-issuances/news-releases/2022/nr-occ-2022-53.html

May 17, 2022 - Statistical Rele - ase - Industrial Production and Capacity Utilization - G.17 - In April, total industrial production increased 1.1 percent - the fourth consecutive month of gains of 0.8 percent or greater - and manufacturing output rose 0.8 percent. www.federalreserve.gov/releases/g17/Current/

May 17, 2022 - Agencies announce public meeting on proposed Bank of Montreal acquisition of BancWest Holding Inc. and Bank of the West; public comment period extended. 
Press Release: www.federalreserve.gov/newsevents/pressreleases/other20220517b.htm
Press Release: www.occ.gov/news-issuances/news-releases/2022/nr-ia-2022-55.html

May 17, 2022 - Agencies announce public meeting on proposed acquisition by The Toronto-Dominion Bank of First Horizon Corporation; public comment period extended. 
Press Release: www.federalreserve.gov/newsevents/pressreleases/other20220517a.htm
Press Release: www.occ.gov/news-issuances/news-releases/2022/nr-ia-2022-56.html

May 17, 2022 - NCUA - Statement on the Passing of CSBS President and CEO John Ryan - National Credit Union Administration Chairman Todd M. Harper issued the following statement on the passing of John Ryan, President and CEO of the Conference of State Bank Supervisors, late yesterday evening. https://www.ncua.gov/newsroom/press-release/2022/statement-passing-csbs-president-and-ceo-john-ryan

May 16, 2022 - Triple Play: Kansas City Fed celebrates history of Black baseball - The Negro Leagues Baseball Commemorative Coin unveiling at the Kansas City Fed highlighted recent Bank efforts honoring the legacy of the Negro Leagues. www.kansascityfed.org/ten/triple-play-kansas-city-fed-celebrates-history-of-black-baseball/

May 13, 2022 - NCUA Chairman Todd M. Harper Remarks at the Polish & Slavic Federal Credit Union Event on Ukraine.  www.ncua.gov/newsroom/speech/2022/ncua-chairman-todd-m-harper-remarks-polish-slavic-federal-credit-union-event-ukraine

May 13, 2022 - Deputy Comptroller Testifies on Artificial Intelligence - Deputy Comptroller for Operational Risk Policy Kevin Greenfield today testified during a hearing before the House Financial Services Committee Task Force on Artificial Intelligence. www.occ.gov/news-issuances/news-releases/2022/nr-occ-2022-52.html

May 13, 2022 - Credit and Liquidity Programs and the Balance Sheet - Recent balance sheet trends, weekly chart update.  www.federalreserve.gov/monetarypolicy/bst_recenttrends.htm

May 13, 2022 - Federal Reserve Board announces approval of application by Texas State Bankshares, Inc. and approval of applications by Texas Regional Bank - The Federal Reserve Board on Friday announced its approval of the application by Texas State Bankshares, Inc., Harlingen, Texas, to acquire Access Bancorp, Inc., and thereby indirectly acquire AccessBank Texas, both of Denton, Texas. www.federalreserve.gov/newsevents/pressreleases/orders20220513a.htm

May 12, 2022 - Acting Comptroller Discusses Expanding Diversity and Inclusion, Minority Homeownership - Acting Comptroller of the Currency Michael J. Hsu today discussed the Office of the Comptroller of the Currrency’s efforts to reduce barriers to homeownership and promote financial inclusion in remarks at the Asian Real Estate Association of America Diversity and Fair Housing Summit. www.occ.treas.gov/news-issuances/news-releases/2022/nr-occ-2022-51.html

May 12, 2022 - The Dominant Currency Financing Channel of External Adjustment -Camila Casas, Sergii Meleshchuk, Yannick Timmer - We provide evidence of a new channel of how exchange rates affect trade. www.federalreserve.gov/econres/ifdp/the-dominant-currency-financing-channel-of-external-adjustment.htm
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May 12, 2022 - Acting Comptroller Discusses Expanding Diversity and Inclusion, Minority Homeownership - Acting Comptroller of the Currency Michael J. Hsu today discussed the Office of the Comptroller of the Currrency�s efforts to reduce barriers to homeownership and promote financial inclusion in remarks at the Asian Real Estate Association of America Diversity and Fair Housing Summit. www.occ.gov/news-issuances/news-releases/2022/nr-occ-2022-51.html

May 12, 2022 - Economist and Research Assistant Diversity Data - The information below shows the racial/ ethnic and gender makeup of Ph.D. economists and research assistants at the Federal Reserve Board and the Federal Reserve Banks. www.federalreserve.gov/aboutthefed/economist-and-research-assistant-diversity-data.htm

May 12, 2022 - Implications of Cyber Risk for Financial Stability - Danny Brando, Antonis Kotidis, Anna Kovner, Michael Lee, and Stacey L. Schreft - Cyber risk, defined as the risk of loss from dependence on computer systems and digital technologies, has grown in the financial system. www.federalreserve.gov/econres/notes/feds-notes/implications-of-cyber-risk-for-financial-stability-20220512.htm

May 12, 2022 - Federal Reserve Board issues enforcement action with former employee of Deutsche Bank AG New York Branch.   www.federalreserve.gov/newsevents/pressreleases/enforcement20220512a.htm

May 12, 2022 - NCUA Board Member Rodney E. Hood Statement at the National Association of Federally Insured Credit Unions CEOs and Senior Executives Conference Key West, Florida.   www.ncua.gov/newsroom/speech/2022/ncua-board-member-rodney-e-hood-statement-national-association-federally-insured-credit-unions-ceos

May 11, 2022 - A Local Look at Labor�s Share of Income - The share of total income going to workers tends to rise during economic downturns. www.kansascityfed.org/denver/rocky-mountain-economist/A-Local-Look-at-Labors-Share-of-Income/

May 11, 2022 - Report and Disclosures on Funding, Credit, Liquidity, and Loan Facilities. www.federalreserve.gov/publications/reports-to-congress-in-response-to-covid-19.htm

May 11, 2022 - Agencies release revised interagency questions and answers regarding flood insurance - Five federal regulatory agencies today jointly issued revised questions and answers regarding federal flood insurance law and the agencies' implementing regulations.
Press Release: www.federalreserve.gov/newsevents/pressreleases/bcreg20220511a.htm
Press Release: www.fdic.gov/news/press-releases/2022/pr22040.html
Press Release: www.occ.gov/news-issuances/news-releases/2022/nr-ia-2022-50.html
Press Release: www.ncua.gov/newsroom/press-release/2022/agencies-release-revised-interagency-questions-and-answers-regarding-flood-insurance

May 11, 2022 - Lorie Logan named president and chief executive officer of the Federal Reserve Bank of Dallas. www.dallasfed.org/news/releases/2022/nr220511logan

May 10, 2022 - Kansas City Financial Stress Index - The KCFSI suggests financial stress moderately decreased in April, remaining below its historical average www.kansascityfed.org/data-and-trends/kansas-city-financial-stress-index/current-release/

May 10, 2022 - April Labor Market Conditions Indicators - The KC Fed LMCI suggests the level of activity declined from historically high levels and momentum was little changed in April. www.kansascityfed.org/

May 10, 2022 - Cyberattacks and Financial Stability: Evidence from a Natural Experiment - Antonis Kotidis and Stacey L. Schreft - This paper studies the effects of a unique multi-day cyberattack on a technology service provider. www.federalreserve.gov/econres/feds/cyberattacks-and-financial-stability-evidence-from-a-natural-experiment.htm

May 10, 2022 - The Collateral Channel and Bank Credit - Arun Gupta, Horacio Sapriza, and Vladimir Yankov - Our paper studies the role of the collateral channel for bank credit using confidential bank-firm-loan data. www.federalreserve.gov/econres/feds/the-collateral-channel-and-bank-credit.htm

May 9, 2022 - Acting Comptroller Discusses Bank Mergers - Acting Comptroller of the Currency Michael J. Hsu today discussed the need to update the framework used to analyze bank merger applications before the Brookings Institution. https://www.occ.gov/news-issuances/news-releases/2022/nr-occ-2022-49.html

May 9, 2022 - Customer Assistance Group Address Change: Final Rule and Rescission - On May 9, 2022, the Office of the Comptroller of the Currency published a final rule to update the physical mailing address of the OCC�s Customer Assistance Group in the appendix to 12 CFR 14. www.occ.gov/news-issuances/bulletins/2022/bulletin-2022-15.html

May 9, 2022 - St. Louis Fed Hosts Minority Networking Event - The Federal Reserve Bank of St. Louis invites professionals from across the greater St. Louis area to attend its Minority Networking Event. www.stlouisfed.org/news-releases/2022/05/09/st-louis-fed-hosts-minority-networking-event

May 9, 2022 - Regulatory Relief: Guidance to Help Financial Institutions and Facilitate Recovery in Areas of New Mexico Affected by Wildfires and Straight-line Winds.   www.fdic.gov/news/financial-institution-letters/2022/fil22019.html

May 9, 2022 - Financial Stability Report - This report summarizes the Federal Reserve Board�s framework for assessing the resilience of the U.S. financial system and presents the Board�s current assessment. www.federalreserve.gov/publications/financial-stability-report.htm

May 9, 2022 - Senior Loan Officer Opinion Survey on Bank Lending Practices, April 2022 - The Federal Reserve generally conducts the survey quarterly, timing it so that results are available for the January/February, April/May, August, and October/November meetings of the Federal Open Market Committee. www.federalreserve.gov/data/sloos.htm

May 6, 2022 - Tenth District Economic Databooks 2022 - The Kansas City Fed's quarterly economic databooks provide summaries of regional and national economic indicators for the Tenth Federal Reserve District. www.kansascityfed.org/data-and-trends/tenth-district-economic-databooks/tenth-district-economic-databooks-2022/

May 6, 2022 - How Many Workers Are Truly �Missing� from the Labor Force? - The Kansas City Fed's latest Economic Bulletin explores the reasons for the decline in the size of the labor force. www.kansascityfed.org/research/economic-bulletin/how-many-workers-are-truly-missing-from-the-labor-force/

May 6, 2022 - St. Louis Fed Hosts Minority Networking Event - The Federal Reserve Bank of St. Louis invites professionals from across the greater St. Louis area to attend its Minority Networking Event. www.stlouisfed.org/news-releases/2022/05/06/st-louis-fed-hosts-minority-networking-event

May 6, 2022 - Regulatory Reform - Communications with the public through May 6, 2022.  www.federalreserve.gov/regreform/communications-with-public.htm

May 6, 2022 - Statistical Release - Consumer Credit - G.19 - Consumer credit increased at a seasonally adjusted annual rate of 9.7 percent during the first quarter. www.federalreserve.gov/releases/g19/current/default.htm

May 6, 2022 - Business entry and exit in the COVID-19 pandemic: A preliminary look at official data - Ryan A. Decker and John Haltiwanger - The economic effects of the COVID-19 pandemic brought new focus to questions about business entry and survival. www.federalreserve.gov/econres/notes/feds-notes/business-entry-and-exit-in-the-covid-19-pandemic-a-preliminary-look-at-official-data-20220506.htm

May 6, 2022 - The Remarkable Recent Rebound in Household Formation and the Prospects for Future Housing Demand - Daniel Garc�a and Andrew Paciorek - This note updates our previous work on household formation and living arrangements from the summer of 2020. www.federalreserve.gov/econres/notes/feds-notes/the-remarkable-recent-rebound-in-household-formation-and-the-prospects-for-future-housing-demand-20220506.htm

May 6, 2022 - Supervision Manual - Commercial Bank Examination Manual, May 2022 - The Commercial Bank Examination Manual presents examination objectives and procedures that Federal Reserve System examiners follow in evaluating the safety and soundness of state member banks. Intended as guidance for planning and conducting bank examinations. www.federalreserve.gov/publications/supervision_cbem.htm

May 6, 2022 - FOIA - Chair Powell's calendar, March 2022. www.federalreserve.gov/foia/chairman-powell-calendar.htm

May 6, 2022 - Credit and Liquidity Programs and the Balance Sheet - Recent balance sheet trends, weekly chart update. www.federalreserve.gov/monetarypolicy/bst_recenttrends.htm

May 6, 2022 - Supervision and Regulation Report - The report summarizes banking conditions and the Federal Reserve�s supervisory and regulatory activities, in conjunction with semiannual testimony before Congress by the Vice Chair for Supervision. www.federalreserve.gov/publications/supervision-and-regulation-report.htm

May 6, 2022 - Credit Default Swaps - Antulio N. Bomfim - Credit default swaps are the most common type of credit derivative. This paper provides a brief history of the CDS market and discusses its main characteristics. www.federalreserve.gov/econres/feds/credit-default-swaps.htm

May 6, 2022 - Enhancing Stress Tests by Adding Macroprudential Elements - William F. Bassett and David E. Rappoport - The use of stress testing for macroprudential objectives is advanced by modeling spillovers within the financial sector or between the real and financial sectors. www.federalreserve.gov/econres/feds/enhancing-stress-tests-by-adding-macroprudential-elements.htm

May 6, 2022 - Regulatory Reform - Communications with the public through May 6, 2022 www.federalreserve.gov/reform.htm
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New US Breach Reporting Rules for Banks Take Effect May 1 - New cyber incident reporting rules are set to come into effect in the U.S. on May 1. Banks in the country will be required to notify regulators within the first 36 hours after an organization suffers a qualifying "computer-security incident." https://www.govinfosecurity.com/new-us-breach-reporting-rules-for-banks-take-effect-may-1-a-18998

May 5, 2022 - Interagency Community Reinvestment Act proposed rulemaking - Fact sheet, Statement by Governor Brainard, Statement by Governor Bowman, Federal Register notice, Federal Reserve Board memo
Press Release: www.federalreserve.gov/consumerscommunities/cra_about.htm
Press Release: www.occ.gov/news-issuances/news-releases/2022/nr-occ-2022-48.html

May 5, 2022 - Federal Reserve Board issues enforcement action with former employee of Synovus Bank www.federalreserve.gov/newsevents/pressreleases/enforcement20220505a.htm

May 5, 2022 - Agencies issue joint proposal to strengthen and modernize Community Reinvestment Act Regulations - Agencies issue joint proposal to strengthen and modernize Community Reinvestment Act Regulations
Press Release: www.federalreserve.gov/newsevents/pressreleases/bcreg20220505a.htm
Press Release: www.fdic.gov/news/press-releases/2022/pr22039.html
Press Release: www.occ.gov/news-issuances/bulletins/2022/bulletin-2022-14.html

May 5, 2022 - NCUA Chairman Todd M. Harper Remarks at Inclusiv�s 2022 Annual Conference.  www.ncua.gov/newsroom/speech/2022/ncua-board-member-rodney-e-hoods-remarks-2022-nacuso-networking-conference-orlando-florida

May 4, 2022 - OCC to Host Virtual Innovation Office Hours - The Office of the Comptroller of the Currency today announced that it will host virtual Innovation Office Hours on June 14-15, 2022, to promote responsible innovation in the federal banking system. www.occ.gov/news-issuances/news-releases/2022/nr-occ-2022-46.html

May 4, 2022 - Plans for Reducing the Size of the Federal Reserve's Balance Sheet - Consistent with the Principles for Reducing the Size of the Federal Reserve's Balance Sheet that were issued in January 2022, all Committee participants agreed to the following plans for significantly reducing the Federal Reserve's securities holdings. www.federalreserve.gov/newsevents/pressreleases/monetary20220504b.htm

May 4, 2022 - Federal Reserve issues FOMC statement - Although overall economic activity edged down in the first quarter, household spending and business fixed investment remained strong. www.federalreserve.gov/newsevents/pressreleases/monetary20220504a.htm

May 3, 2022 - OCC Releases CRA Evaluations for 23 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 April 1, 2022, through April 30, 2022. https://www.occ.gov/news-issuances/news-releases/2022/nr-occ-2022-45.html

May 3, 2022 - TEACHING ECONOMICS WITH BASEBALL - These lessons and materials include multi-discipline instruction and cultural components that can help students understand and celebrate the legacy of the Negro Leagues and how they transformed generations. www.kansascityfed.org/education/teaching-economics-with-baseball/

May 3, 2022 - FDIC to Launch 2022 Small Business Lending Survey - Federal Deposit Insurance Corporation Acting Chairman Martin J. Gruenberg and U.S. Census Bureau Director Robert L. Santos today formally invited approximately 2,000 U.S. banks to participate in a nationally representative online survey about their small business lending practices and volumes. www.fdic.gov/news/press-releases/2022/pr22037.html

May 3, 2022 - FDIC Issues List of Banks Examined for CRA Compliance - The list covers evaluation ratings that the FDIC assigned to institutions in February 2022. www.fdic.gov/news/press-releases/2022/pr22038.html

May 2, 2022 - Testimony by Chair Pro Tempore Powell on the 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

May 2, 2022 - Investment Connection - New Mexico - Presentations on eight new and existing community and economic development proposals from across New Mexico will be shared. www.kansascityfed.org/

May 2, 2022 - The Federal Financial Institutions Examination Council today announced the re-election of Thomas Fite by the State Liaison Committee as SLC Chairman. - The SLC Chairman�s one-year term runs from May 1 until April 30 of the following year. www.ffiec.gov/press/pr050222_1.htm

May 2, 2022 - Statistical Release - Foreign Exchange Rates - G.5 - The table below shows the average rates of exchange in APRIL 2022 together with comparable figures for other months. www.federalreserve.gov/releases/g5/current/default.htm