IT audits - I am performing FFIEC ITaudits 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, 2023 - NCUA Prohibits One Individual from Participating in the Affairs of Any Federally Insured Depository Institution - The individual named below is permanently prohibited from participating in the affairs of any federally insured depository institution. https://ncua.gov/newsroom/press-release/2023/ncua-prohibits-one-individual-participating-affairs-any-federally-insured-depository-institution 

May 31, 2023 - Football at the Kansas City Fed - Kansas City has had a great year - not only because of the Kansas City Chiefs winning the Super Bowl, but also because of the 2023 NFL Draft. www.kansascityfed.org/ten/football-at-the-kansas-city-fed/

May 31 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/2023/05/31/st-louis-fed-releases-beige-book

May 31, 2023 - FDIC Issues CRA Examination Schedules for Third Quarter 2023 and Fourth Quarter 2023 - The Federal Deposit Insurance Corporation today issued the lists of institutions scheduled for a Community Reinvestment Act examination during the third quarter 2023 and fourth quarter 2023. www.fdic.gov/news/press-releases/2023/pr23044.html

May 31, 2023 - FDIC-Insured Institutions Reported Net Income of $79.8 Billion in First Quarter 2023 - Reports from 4,672 commercial banks and savings institutions insured by the Federal Deposit Insurance Corporation reflect aggregate net income of $79.8 billion in first quarter 2023.  https://www.fdic.gov/news/press-releases/2023/pr23043.html

May 31, 2023 - Beige Book - Informal review by the Federal Reserve Banks of current economic conditions in their Districts.  www.federalreserve.gov/monetarypolicy/beigebook20230531.htm

May 31, 2023 - Speech by Governor Michelle W. Bowman - Brief Remarks At a Fed Listens Event on Transitioning to the Post-Pandemic Economy, Federal Reserve Bank of Boston, Boston, Massachusetts www.federalreserve.gov/newsevents/speech/bowman20230531a.htm

May 31, 2023 - Speech by Governor Jefferson on financial stability and the U.S. economy At the 22nd Annual International Conference on Policy Challenges for the Financial Sector, Washington, D.C. www.federalreserve.gov/newsevents/speech/jefferson20230531a.htm

May 30, 2023 - OCC Issues Third and Fourth Quarter 2023 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 2023. https://www.occ.gov/news-issuances/news-releases/2023/nr-occ-2023-50.html

May 30, 2023 - Minutes of the Board's discount rate meetings from April 10 through May 3, 2023.  www.federalreserve.gov/newsevents/pressreleases/monetary20230530a.htm

May 26, 2023 - Tenth District Services Growth Eased Slightly in May - Growth in regional services activity slowed slightly in May but remained positive. Expectations for future activity also eased, and a majority of firms are expecting cost increases to be similar to or slightly less than last year. www.kansascityfed.org/surveys/services-survey/tenth-district-services-growth-eased-slightly-in-may/

May 26, 2023 - 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 2023. There are no administrative hearings scheduled for June 2023. www.fdic.gov/news/press-releases/2023/pr23042.html

May 26, 2023 - FDIC Names Eight New Members to Advisory Committee on Community Banking.  www.fdic.gov/news/press-releases/2023/pr23041.html

May 26, 2023 - Credit and Liquidity Programs and the Balance Sheet - Recent balance sheet trends, weekly chart update.  www.federalreserve.gov/monetarypolicy/bst_recenttrends.htm

May 26, 2023 - Fed Communication, News, Twitter, and Echo Chambers - Bennett Schmanski, Chiara Scotti, Clara Vega and Hedi Benamar - We estimate monetary policy surprises from the perspective of three different textual sources: direct central bank communication, news articles, and Twitter posts during FOMC announcement days. www.federalreserve.gov/econres/feds/fed-communication-news-twitter-and-echo-chambers.htm

May 25, 2023 - NCUA Board Approves Proposal to Include Veterans Organizations in Charitable Donation Accounts - The National Credit Union Administration Board held its fifth open meeting of 2023 and approved a proposed rule that would amend the charitable donation accounts section of the NCUA’s incidental powers regulation. https://ncua.gov/newsroom/press-release/2023/ncua-board-approves-proposal-include-veterans-organizations-charitable-donation-accounts

May 25, 2023 - What is Measured in National Accounts? - Francois de Soyres, Alexandre Gaillard, and Henry Young - Most statistical agencies construct sectoral real GDP using double deflation and base period prices. www.federalreserve.gov/econres/ifdp/what-is-measured-in-national-accounts.htm
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May 24, 2023 - GAO Bank Regulation: Preliminary Review of Agency Actions Related to March 2023 Bank Failures - This testimony before the U.S. House of Representatives discusses our review of the March 2023 bank failures of Silicon Valley Bank and Signature Bank. Risky business strategies, weak risk management practices, and weak liquidity drove the failures. https://www.gao.gov/products/gao-23-106857

May 25, 2023 - Liquidity: Updated Comptroller’s Handbook Booklet and Rescissions - This booklet provides examiners with guidance on assessing the quantity of a bank's liquidity risk and quality of liquidity risk management. www.occ.gov/news-issuances/bulletins/2023/bulletin-2023-15.html 

May 25, 2023 - OCC Enforcement Actions: Revised Policies and Procedures Manual for Bank Enforcement Actions and Related Matters - This revised version of PPM 5310-3 replaces the version issued on November 13, 2018. www.occ.gov/news-issuances/bulletins/2023/bulletin-2023-16.html

May 25, 2023 - OCC Revises Bank Enforcement Manual to Address Actions Against Banks with Persistent Weaknesses - The Office of the Comptroller of the Currency today announced revisions to its policies and procedures manual on bank enforcement actions to reflect its consideration of actions against banks that exhibit or fail to correct persistent weaknesses. www.occ.gov/news-issuances/news-releases/2023/nr-occ-2023-49.html

May 25, 2023 - Tenth District Manufacturing Activity Remained Mostly Steady in May - Regional factory activity was largely unchanged in May. www.kansascityfed.org/surveys/manufacturing-survey/tenth-district-manufacturing-activity-remained-mostly-steady-in-may/

May 25, 2023 - FDIC Names Three Bankers to Minority Depository Institutions Subcommittee - The FDIC’s MDI Subcommittee serves as a source of feedback for FDIC strategies to fulfill its statutory goals for MDIs; provides a platform for MDIs to promote collaboration, partnerships, and best practices; and identifies ways to highlight the work of MDIs in their communities. www.fdic.gov/news/press-releases/2023/pr23040.html

May 24, 2023 - Financial Stress May Do Relatively Little to Reduce Inflation - Financial stress has risen in the wake of recent bank failures. At the same time, the Federal Reserve has been tightening the stance of monetary policy to reduce elevated inflation. www.kansascityfed.org/research/economic-bulletin/financial-stress-may-do-relatively-little-to-reduce-inflation/

May 24, 2023 -Hike, Skip, or Pause? Governor Christopher J. Waller At the 2023 Santa Barbara County Economic Summit, University of California, Santa Barbara Economic Forecast Project, Santa Barbara, California. www.federalreserve.gov/newsevents/speech/waller20230524a.htm

May 23, 2023 - Minutes of the Federal Open Market Committee, May 2-3, 2023.  www.federalreserve.gov/newsevents/pressreleases/monetary20230524a.htm

May 23, 2023 - Acting Comptroller Discusses Financial Inclusion - Acting Comptroller of the Currency Michael J. Hsu today discussed the Office of the Comptroller of the Currency’s commitment to a fair and inclusive financial system in remarks at the Bank On National Conference. www.occ.gov/news-issuances/news-releases/2023/nr-occ-2023-48.html

May 23, 2023 - 2023 Agricultural Symposium: The Changing Geography of Agricultural Production - The 2023 Agricultural Symposium will explore the factors driving changes in where and how agricultural commodities are produced, disruptions that are leading to further geographical changes, and the role of investments and farm policy in the years ahead. www.kansascityfed.org/agriculture/agricultural-symposium/2023-agricultural-symposium-the-changing-geography-of-agricultural-production/

May 23, 2023 - Measuring Job Loss during the Pandemic Recession in Real Time with Twitter Data - Anbar Aizenman, Connor M. Brennan, Tomaz Cajner, Cynthia Doniger, Jacob Williams -We present an indicator of job loss derived from Twitter data, based on a fine-tuned neural network with transfer learning to classify if a tweet is job-loss related or not. www.federalreserve.gov/econres/feds/measuring-job-loss-during-the-pandemic-recession-in-real-time-with-twitter-data.htm

May 23, 2023 - Charge-Off and Delinquency Rates on Loans and Leases at Commercial Banks. www.federalreserve.gov/releases/chargeoff/

May 23, 2023 - More than Words: Twitter Chatter and Financial Market Sentiment - Travis Adams, Andrea Ajello, Diego Silva, Francisco Vazquez-Grande - We build a new measure of credit and financial market sentiment using Natural Language Processing on Twitter data. www.federalreserve.gov/econres/feds/more-than-words-twitter-chatter-and-financial-market-sentiment.htm

May 23, 2023 - Statistical Release - Money Stock Measures - H.6. www.federalreserve.gov/releases/h6/current/default.htm

May 23, 2023 - Statistical Release - Finance Companies - G.20. www.federalreserve.gov/releases/G20/current/default.htm

May 23, 2023 - Federal Reserve Board announces termination of enforcement action with The Bank of Nova Scotia and Bank of Nova Scotia New York Agency.   www.federalreserve.gov/newsevents/pressreleases/enforcement20230523a.htm

May 22, 2023 - Happening this week: the 2023 Agricultural Symposium - The 2023 Agricultural Symposium will explore the changing geography of agricultural production. www.kansascityfed.org/agriculture/agricultural-symposium/2023-agricultural-symposium-the-changing-geography-of-agricultural-production/

May 22, 2023 - 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 eight weeks after the end of each quarter. www.federalreserve.gov/releases/lbr/ 

May 22, 2023 - Banking Applications Activity Semiannual Report, December 31, 2022 - This report provides information regarding the applications filed by banking organizations and reviewed by the Federal Reserve as of the most recent reporting period ending on June 30 and December 31 of each calendar year. www.federalreserve.gov/publications/semiannual-report-on-banking-applications-activity.htm

May 22, 2023 - Real GDP and Productivity Measurement: What Do Macro Data Capture? - François de Soyres, Alexandre Gaillard, and Henry Young - Since the publication of their 2021 "Blue Book", the UK's Office for National Statistics started to measure real GDP in the national accounts using double deflation. www.federalreserve.gov/econres/notes/feds-notes/real-gdp-and-productivity-measurement-what-do-macro-data-capture-20230522.html

May 22, 2023 - FRB/US dataset and variable listing - May 8, 2023 update - The main FRB/US model EViews package contains model equations, programs and documentation that enables various types of simulations and provides information about the model's structure using the EViews software. www.federalreserve.gov/econres/us-models-package.htm

May 22, 2023 - Federal Reserve Board issues Economic Well-Being of U.S. Households in 2022 report - The Federal Reserve Board on Monday issued its Economic Well-Being of U.S. Households in 2022 report, which examines the financial lives of U.S. adults and their families. www.federalreserve.gov/newsevents/pressreleases/other20230522a.htm 

May 19, 2023 - Prohibition Against Interstate Deposits: Annual Host State Loan-to-Deposit Ratios - The Office of the Comptroller of the Currency, the Board of Governors of the Federal Reserve System, and the Federal Deposit Insurance Corporation issued on May 19, 2023, the host state loan-to-deposit ratios. www.occ.gov/news-issuances/bulletins/2023/bulletin-2023-14.html

May 19, 2023 - Prohibition Against Interstate Deposits: Annual Host State Loan-to-Deposit Ratios - https://www.occ.treas.gov/news-issuances/bulletins/2023/bulletin-2023-14.html

May 19, 2023 - FDIC Advisory Committee on Economic Inclusion to Meet Next Week - The Federal Deposit Insurance Corporation Advisory Committee on Economic Inclusion will meet on Wednesday, May 24, 2023, to discuss updates from Committee members about key challenges facing their communities or organizations. www.fdic.gov/news/press-releases/2023/pr23039.html

May 19, 2023 - Federal Advisory Council, Record of Meeting - February 9, 2023 - 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

May 19, 2023 - Legal Intepretations - Bank Holding Company Act, April 21, 2023 www.federalreserve.gov/supervisionreg/legalinterpretations/bhc_changeincontrol2023.htm

May 19, 2023 - Credit and Liquidity Programs and the Balance Sheet - Recent balance sheet trends, weekly chart update. www.federalreserve.gov/monetarypolicy/bst_recenttrends.htm

May 19, 2023 - Speech by Governor Michelle W. Bowman - Considerations for Revisions to the Bank Regulatory Framework At the Texas Bankers Association Annual Convention, San Antonio, Texas. https://www.federalreserve.gov/newsevents/speech/bowman20230519a.htm

May 19, 2023 - Agencies issue host state loan-to-deposit ratios - Federal bank regulatory agencies today issued the host state loan-to-deposit ratios that are used to evaluate compliance with section 109 of the Riegle-Neal Interstate Banking and Branching Efficiency Act of 1994. These ratios replace those from June 2022.
Press Release: www.federalreserve.gov/newsevents/pressreleases/bcreg20230519a.htm
Press Release: www.fdic.gov/news/press-releases/2023/pr23038.html
Press Release: www.occ.gov/news-issuances/news-releases/2023/nr-ia-2023-47.html

May 19, 2023 - Federal Reserve Board issues enforcement action with former employee of Ally Bank. www.federalreserve.gov/newsevents/pressreleases/enforcement20230519a.htm

May 18, 2023 - Board Determines Amendment to Wisconsin Member Business Loan Rule Is Permissible - The National Credit Union Administration Board unanimously determined, by notation vote, that an amendment to section DFI-CU 72.02 of the Wisconsin Member Business Loan rule, which defines a “member business loan,” is no less restrictive than the NCUA’s definition of the same, as required by Section 723.10(a) of the NCUA’s Member Business Loan and Commercial Lending rule. https://ncua.gov/newsroom/press-release/2023/board-determines-amendment-wisconsin-member-business-loan-rule-permissible
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May 18, 2023 - Acting Comptroller of the Currency Testifies on Bank Supervision - Acting Comptroller of the Currency Michael J. Hsu today testified on bank supervision before the Committee on Banking, Housing, and Urban Affairs of the U.S. Senate. www.occ.gov/news-issuances/news-releases/2023/nr-occ-2023-45.html

May 18, 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-2023-46.html

May 18, 2023 - Speech by Governor Philip N. Jefferson - The U.S. Economic Outlook and Considerations for Monetary Policy At the 2023 International Insurance Forum, National Association of Insurance Commissioners, Washington, D.C. www.federalreserve.gov/newsevents/speech/jefferson20230518a.htm

May 17, 2023 - Atlanta Fed�s Financial Markets Conference - A panel featuring Austan D. Goolsbee, president and chief executive officer of the Federal Reserve Bank of Chicago, Raphael Bostic, president and chief executive officer, Federal Reserve Bank of Atlanta, and Jeanna Smialek, Federal Reserve and economics reporter, The New York Times. www.chicagofed.org/publications/speeches/2023/may-16-financial-markets-conference

May 16, 2023 - Acting Comptroller of the Currency Testifies on Prudential Regulation - Acting Comptroller of the Currency Michael J. Hsu today testified before the U.S. House of Representatives� Committee on Financial Services on the agency�s actions and responses to recent market stress and how the agency is ensuring that national banks and federal savings associations operate in a safe, sound, and fair manner. www.occ.gov/news-issuances/news-releases/2023/nr-occ-2023-44.html

May 16, 2023 - Statistical Release - Industrial Production and Capacity Utilization - G.17 - In April, manufacturing increased 1.0 percent, bolstered by a strong gain in the output of motor vehicles and parts; factory output excluding motor vehicles and parts moved up 0.4 percent. www.federalreserve.gov/releases/g17/current/default.htm

May 16, 2023 - Supervision and Regulation - Vice Chair for Supervision Michael S. Barr - Before the Financial Services Committee, U.S. House of Representatives, Washington, D.C. https://www.federalreserve.gov/newsevents/testimony/barr20230516a.htm

May 16, 2023 - Supervision and Regulation - Testimony by Vice Chair for Supervision Michael S. Barr Before the Financial Services Committee, U.S. House of Representatives, Washington, D.C. www.federalreserve.gov/newsevents/testimony/barr20230516a.htm

May 15, 2023 - Speech by Governor Lisa D. Cook - Commencement Address At the Spring 2023 Economics Commencement Ceremony, University of C - alifornia, Berkeley, Berkeley, California.  www.federalreserve.gov/newsevents/speech/cook20230515a.htm

May 15, 2023 - 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 12, 2023 - The Choice to See President and Chief Executive Officer - Federal Reserve Bank of San Francisco at Commencement Address, Sol Price School of Public Policy University of Southern California, Los Angeles, CA.  www.frbsf.org/our-district/press/presidents-speeches/mary-c-daly/2023/may/the-choice-to-see/

May 12, 2023 - Winners and losers from recent asset price changes - Edmund Crawley and William Gamber - Asset prices and interest rates have changed dramatically and unexpectedly over the last two years as the Federal Reserve has raised its policy rate to combat higher inflation. www.federalreserve.gov/econres/notes/feds-notes/winners-and-losers-from-recent-asset-price-changes-20230512.html

May 12, 2023 - Optimal Bidder Selection in Clearing House Default Auctions - Rodney Garratt; David Murphy; Travis Nesmith; Xiaopeng Wu - Default auctions at central counterparties are critically important to financial stability. www.federalreserve.gov/econres/feds/optimal-bidder-selection-in-clearing-house-default-auctions.htm

May 12, 2023 - Recovery of 1933 - Margaret M. Jacobson, Eric M. Leeper, and Bruce Preston - When Roosevelt abandoned the gold standard in April 1933, he converted government debt from a tax-backed claim to gold to a claim to dollars, opening the door to unbacked fiscal expansion. www.federalreserve.gov/econres/feds/recovery-of-1933.htm

May 12, 2023 - Credit and Liquidity Programs and the Balance Sheet - Recent balance sheet trends, weekly chart update. www.federalreserve.gov/monetarypolicy/bst_recenttrends.htm

May 12, 2023 - The Dual U.S. Labor Market Uncovered - Hie Joo Ahn, Bart Hobijn, and Ayşeg�l Şahin - Aggregate U.S. labor market dynamics are well approximated by a dual labor market supplemented with a third, predominantly, home-production segment. www.federalreserve.gov/econres/feds/the-dual-us-labor-market-uncovered.htm

May 12, 2023 - Speech by Governor Michelle W. Bowman - The Evolving Nature of Banking, Bank Culture, and Bank Runs At the 21st Annual Symposium on Building the Financial System of the 21st Century: An Agenda for Europe and the United States, European Central Bank, Frankfurt, Germany.  www.federalreserve.gov/newsevents/speech/bowman20230512a.htm
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May 11, 2023 - GAO - Bank Regulation: Preliminary Review of Agency Actions Related to March 2023 Bank Failures - Statement of Michael E Clements, Director, Financial Markets and Community Investment. https://www.gao.gov/products/gao-23-106834 

May 11, 2023 - Acting Comptroller Issues Statement in Support of FDIC Notice of Proposed Rulemaking on Special Assessments - Acting Comptroller of the Currency Michael J. Hsu today issued a statement in support of the Federal Deposit Insurance Corporation notice of proposed rulemaking on special assessments. www.occ.gov/news-issuances/news-releases/2023/nr-occ-2023-43.html

May 11, 2023 - Notice of Proposed Rulemaking on Special Assessment Pursuant to Systemic Risk Determination - The Federal Deposit Insurance Act (FDI Act) requires the FDIC to take this action in connection with the systemic risk determination announced on March 12, 2023. www.fdic.gov/news/financial-institution-letters/2023/fil23024.html  

May 11, 2023 - FDIC Board of Directors Issues a Proposed Rule on Special Assessment Pursuant to Systemic Risk Determination - The Federal Deposit Insurance Corporation Board of Directors today approved a notice of proposed rulemaking, which would implement a special assessment to recover the cost associated with protecting uninsured depositors following the closures of Silicon Valley Bank and Signature Bank.  www.fdic.gov/news/press-releases/2023/pr23037.html

May 11, 2023 - Report to Congress Pursuant to Section 13(3) of the Federal Reserve Act: Bank Term Funding Program - The Federal Reserve filed these reports with Congress pursuant to section 13(3) of the Federal Reserve Act concerning the lending facility established by the Board. www.federalreserve.gov/publications/reports-to-congress-pursuant-to-section-13-3-btfp.htm

May 11, 2023 - Report and Disclosures on Funding, Credit, Liquidity, and Loan Facilities - 2023 Reports to Congress Pursuant to Section 13(3) of the Federal Reserve Act in response to COVID-19. www.federalreserve.gov/publications/reports-to-congress-in-response-to-covid-19.htm

May 11, 2023 - Speech by Governor Christopher J. Waller - Climate Change and Financial Stability At the IE University � Banco de Espa�a � Federal Reserve Bank of St. Louis Conference Current Challenges in Economics and Finance, Madrid, Spain. www.federalreserve.gov/newsevents/speech/waller20230511a.htm

May 11, 2023 - Federal Reserve Board announces termination of enforcement action with NongHyup Bank. www.federalreserve.gov/newsevents/pressreleases/enforcement20230511a.htm

May 10, 2023 - Will High Underlying Inflation Persist? - Underlying inflation�the rate of inflation that prevails after temporary imbalances in the economy are resolved�can help policymakers gauge whether current high rates of inflation are likely to persist. www.kansascityfed.org/research/economic-bulletin/will-high-underlying-inflation-persist/

May 10, 2023 - Will Rocky Mountain Job Losses Be Worse Than When the Tech Bubble Burst? - Job growth during the first quarter was much slower in the Rocky Mountain region compared to the rest of the nation. www.kansascityfed.org/denver/rocky-mountain-economist/Rocky-Mountain-Job-Losses-Could-Be-Worse-Than-When-the-Tech-Bubble-Burst/

May 9, 2023 - The KCFSI suggests financial stress eased significantly in April - The Kansas City Financial Stress Index eased significantly from 1.15 in March to 0.27 in April, but remained above its historical average. www.kansascityfed.org/data-and-trends/kansas-city-financial-stress-index/current-release/

May 9, 2023 - The KC Fed LMCI suggests the level of activity increased slightly and momentum decelerated moderately in April - The level of activity increased by 0.06, from 1.01 to 1.07, in April. www.kansascityfed.org/data-and-trends/lmci/current-release/

May 8, 2023 - 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. https://www.federalreserve.gov/publications/financial-stability-report.htm

May 8, 2023 - Endogenous Bargaining Power and Declining Labor Compensation Share - Juan C. C�rdoba, Anni T. Isoj�rvi, Haoran Li - Workhorse search and matching models assume constant bargaining weights, while recent evidence indicates that weights vary across time and in cross section. www.federalreserve.gov/econres/feds/endogenous-bargaining-power-and-declining-labor-compensation-share.htm 

May 8, 2023 - Senior Loan Officer Opinion Survey on Bank Lending Practices, April 2023 - The April 2023 Senior Loan Officer Opinion Survey on Bank Lending Practices addressed changes in the standards and terms on, and demand for, bank loans to businesses and households over the past three months, which generally correspond to the first quarter of 2023. www.federalreserve.gov/data/sloos/sloos-202304.htm

May 8, 2023 - One Agile Supervision Solution External Portal to be Utilized for Information Exchange During Supervisory Events - The purpose of this letter is to inform Federal Reserve-supervised institutions, their authorized representatives, and other key stakeholders that the Federal Reserve plans to use an external portal through the One Agile Supervision Solution application to exchange information related to examinations or supervisory events. www.federalreserve.gov/supervisionreg/srletters/SR2303.htm

May 5, 2023 - Regulatory Relief: Guidance to Help Financial Institutions and Facilitate Recovery in Areas of Florida Affected by Severe Storms, Tornadoes, and Flooding.   www.fdic.gov/news/financial-institution-letters/2023/fil23023.html

May 5, 2023 - Statistical Release - Consumer Credit - G.19 - Consumer credit increased at a seasonally adjusted annual rate of 5.4 percent during the first quarter. www.federalreserve.gov/releases/g19/current/default.htm

May 5, 2023 - A Financial Stress Index for a Small Open Economy: The Australian Case - Pedro Gomis-Porqueras, Romina Ruprecht, Xuan Zhou - We construct a Financial Stress Index (FSI) for a small open economy, which aims to provide clear and timely signals of financial market strains. www.federalreserve.gov/econres/feds/a-financial-stress-index-for-a-small-open-economy-the-australian-case.htm

May 5, 2023 - FOIA - Chair Powell's calendar, March 2023.  www.federalreserve.gov/foia/chairman-powell-calendar.htm

May 5, 2023 - Speech by Governor Lisa D. Cook - Commencement Address At the 2023 Spring Convocation, Michigan State University, East Lansing, Michigan.  www.federalreserve.gov/newsevents/speech/cook20230505a.htm

May 5, 2023 - Recent balance sheet trends, weekly chart update - www.federalreserve.gov/monetarypolicy/bst_recenttrends.htm

May 5, 2023 - The Effects of Volatility on Liquidity in the Treasury Market - Andrew Meldrum, Oleg Sokolinskiy - We study the relationship between volatility and liquidity in the market for on-the-run Treasury securities using a novel framework for quantifying price impact. www.federalreserve.gov/econres/feds/the-effects-of-volatility-on-liquidity-in-the-treasury-market.htm

May 5, 2023 - Financial and Macroeconomic Data Through the Lens of a Nonlinear Dynamic Factor Model - Pablo A. Guerr�n Quintana, Alexey Khazanov, Molin Zhong- Through the lens of a nonlinear dynamic factor model, we study the role of exogenous shocks and internal propagation forces in driving the fluctuations of macroeconomic and financial data. www.federalreserve.gov/econres/feds/financial-and-macroeconomic-data-through-the-lens-of-a-nonlinear-dynamic-factor-model.htm

May 5, 2023 - Less Bank Regulation, More Non-Bank Lending - Mary Chen, Seung Jung Lee, Daniel Neuhann, Farzad Saidi - Bank deregulation in the form of the repeal of the Glass-Steagall Act facilitated the entry of non-bank lenders into the market for syndicated loans during the pre-2008 credit boom. www.federalreserve.gov/econres/feds/less-bank-regulation-more-non-bank-lending.htm

May 5, 2023 - Implications of Student Loan COVID-19 Pandemic Relief Measures for Families with Children - Sarena Goodman, Simona Hannon, Adam Isen, Alvaro Mezza - The initial years of the COVID-19 pandemic and the resulting economic fallout likely posed particular financial strain on U.S. households with children, who faced income disruptions from widespread jobs and hours cuts in addition to new childcare and instruction demands. www.federalreserve.gov/econres/feds/implications-of-student-loan-covid-19-pandemic-relief-measures-for-families-with-children.htm

May 5, 2023 - The Role of Property Assessment Oversight in School Finance Inequality - Alex Combs, John Foster, Erin Troland - This paper explores an under-studied channel for school finance inequality: property assessment. www.federalreserve.gov/econres/feds/the-role-of-property-assessment-oversight-in-school-finance-inequality.htm
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May 4, 2023 - Federal Reserve Board issues enforcement action with Perry County Bancorp Inc. and Du Quoin State Bank.  www.federalreserve.gov/newsevents/pressreleases/enforcement20230504a.htm

May 3, 2023 - OCC Releases CRA Evaluations for 17 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, 2023, through April 30, 2023. www.occ.gov/news-issuances/news-releases/2023/nr-occ-2023-42.html

May 3, 2023 - FDIC Issues List of Banks Examined for CRA Compliance - The list covers evaluation ratings that the FDIC assigned to institutions in February 2023. www.fdic.gov/news/press-releases/2023/pr23036.html

May 3, 2023 - Federal Reserve issues FOMC statement - Economic activity expanded at a modest pace in the first quarter. Job gains have been robust in recent months, and the unemployment rate has remained low. www.federalreserve.gov/newsevents/pressreleases/monetary20230503a.htm

May 1, 2023 - The Federal Financial Institutions Examination Council today announced the selection of Charles G. Cooper to the FFIEC�s State Liaison Committee for the term that runs from May 1, 2023, through April 30, 2025. Concurrently, the SLC announced Mr. Cooper as its chairman for a one-year term that runs until April 30, 2024. www.ffiec.gov/press/pr050123.htm

May 1, 2023 - FDIC Releases Comprehensive Overview of Deposit Insurance System, Including Options for Deposit Insurance Reform - The Federal Deposit Insurance Corporation today released a comprehensive overview of the deposit insurance system and options for reform to address financial stability concerns stemming from recent bank failures. www.fdic.gov/news/press-releases/2023/pr23035.html

May 1, 2023 - JPMorgan Chase Bank, National Association, Columbus, Ohio Assumes All the Deposits of First Republic Bank, San Francisco, California. www.fdic.gov/news/press-releases/2023/pr23034.html

May 1, 2023 - Statistical Release - Foreign Exchange Rates - G.5 - The table below shows the average rates of exchange in APRIL 2023 together with comparable figures for other months. www.federalreserve.gov/releases/g5/current/default.htm