The E-mail Banking News
(Bank Regulatory News)
October 2017

October 31, 2017 - New St. Louis Fed Tool Explores Trends in Community Investments across Region, Nation - The Federal Reserve Bank of St. Louis recently launched a new online tool that aggregates low- and moderate-income community investment data to show geographic comparisons and trends over time. www.stlouisfed.org/news-releases/2017/10/23/new-st-louis-fed-tool-explores-trends-in-community-investments

October 31, 2017 - Midwest Economy Index - Index points to slower Midwest economic growth again in September - The Midwest Economy Index decreased to –0.09 in September from +0.08 in August. Contributions to the September MEI from all four broad sectors of nonfarm business activity and four of the five Seventh Federal Reserve District states declined from August. www.chicagofed.org/~/media/publications/mei/2017/mei-september2017-pdf.pdf

October 31, 2017 - NCUA Issues Prohibition Notices - The National Credit Union Administration issued one prohibition order and four notices of prohibition in October. www.ncua.gov/newsroom/Pages/news-2017-oct-prohibition-orders.aspx
 
October 31, 2017 - Subsidiaries and Equity Investments: Revised Comptroller’s Licensing Manual Booklet - This booklet revises the “Investment in Subsidiaries and Equities” booklet issued in July 2008. This revised booklet updates procedures and requirements to reflect the integration of the functions of the Office of Thrift Supervision into the OCC in 2011 and the issuance of revised regulations that became effective July 1, 2015, addressing subsidiaries and equity investments of both national banks and federal savings associations. www.occ.treas.gov/news-issuances/bulletins/2017/bulletin-2017-49.html

October 31, 2017 - Bank Enforcement Actions and Related Matters: Updated Guidance - The Office of the Comptroller of the Currency (OCC) updated today its policies and procedures regarding bank enforcement actions and related matters. This policy is effective on December 1, 2017. www.occ.treas.gov/news-issuances/bulletins/2017/bulletin-2017-48.html

October 31, 2017 - Federal Reserve Board announces termination of enforcement action with Liberty Shares, Inc. www.federalreserve.gov/newsevents/pressreleases/enforcement20171031a.htm

October 31, 2017 - Federal Reserve Board announces approval of application by Southside Bancshares, Inc. - The Federal Reserve Board on Tuesday announced its approval of the application under section 3 of the Bank Holding Company Act by Southside Bancshares, Inc., Tyler, Texas, to acquire Diboll State Bancshares, Inc., and thereby indirectly acquire First Bank & Trust East Texas, both of Diboll, Texas. www.federalreserve.gov/newsevents/pressreleases/orders20171031a.htm

October 30, 2017 - Simplifications to the Capital Rule: Notice of Proposed Rulemaking - Notice of Proposed Rulemaking - The Office of the Comptroller of the Currency, the Board of Governors of the Federal Reserve System, and the Federal Deposit Insurance Corporation are seeking comment on a proposed rule that would simplify certain aspects of the capital rule. www.occ.treas.gov/news-issuances/bulletins/2017/bulletin-2017-47.html

October 30, 2017 - Legal Developments - Section 19 letters, July 24, July 27 (3 letters), July 31 (2 letters), August 7 (2 letters), 2017.   www.federalreserve.gov/supervisionreg/ordersother2017.htm

October 27, 2017 - Acting Comptroller of the Currency Presents First Full Service National Bank Charter Since Financial Crisis - Acting Comptroller of the Currency Keith A. Noreika presented the first full service national bank charter since the financial crisis to Winter Park National Bank of Florida. Winter Park National Bank is the first de novo national bank and first de novo approved for federal deposit insurance in Florida since the financial crisis. www.occ.gov/news-issuances/news-releases/2017/nr-occ-2017-130.html

October 27, 2017 - NCUA - New York State Employees Closes; Palisades Assumes Members, Shares, Loans - Member Deposits Remain Protected by the Share Insurance Fund - The National Credit Union Administration today liquidated New York State Employees Federal Credit Union of New York, New York.  www.ncua.gov/newsroom/Pages/news-2017-oct-ny-state-liquidation.aspx

October 27, 2017 - Federal Branches and Agencies Supervision: Revised Guidance - The Office of the Comptroller of the Currency issued today the following guidance:   www.occ.treas.gov/news-issuances/bulletins/2017/bulletin-2017-46.html

October 27, 2017 - Annual Stress Test: Notice of Proposed Rulemaking—Technical and Conforming Changes - The Office of the Comptroller of the Currency proposes to implement several technical and conforming changes to the OCC’s Annual Stress Test rule. www.occ.treas.gov/news-issuances/bulletins/2017/bulletin-2017-45.html

October 27, 2017 - OCC Seeks Comment on Proposed Technical Changes to Annual Stress Test Rule - The Office of the Comptroller of the Currency today announced it is seeking comment on a notice of proposed rulemaking amending the OCC’s Annual Stress Test rule. www.occ.gov/news-issuances/news-releases/2017/nr-occ-2017-129.html

October 27, 2017 - Acting Comptroller of the Currency Presents Winter Park National Bank Its Charter - Acting Comptroller of the Currency Presents Winter Park National Bank Its Charter
WINTER PARK, Fla.—Acting Comptroller of the Currency Keith A. Noreika issued the following statement after presenting Winter Park National Bank its official charter: www.occ.gov/news-issuances/news-releases/2017/nr-occ-2017-128.html

October 27, 2017 - FDIC Announces Meeting of Advisory Committee on Community Banking - The Federal Deposit Insurance Corporation today announced that it will hold a meeting of the Advisory Committee on Community Banking on Wednesday, November 1. www.fdic.gov/news/news/press/2017/pr17084.html

October 27, 2017 - FDIC Makes Public September Enforcement Actions - The Federal Deposit Insurance Corporation today released a list of orders of administrative enforcement actions taken against banks and individuals in September. There are no administrative hearings scheduled for November 2017. www.fdic.gov/news/news/press/2017/pr17083.html

October 27, 2017 - Advanced Notice of a Meeting under Expedited Procedures - A closed meeting of the Board of Governors of the Federal Reserve System will be held under expedited procedures at 1:30 p.m. on October 31, 2017. Matter(s) considered: Discussion of Monetary Policy Issues. www.federalreserve.gov/aboutthefed/boardmeetings/20171031closed.htm

October 27, 2017 - Credit and Liquidity Programs and the Balance Sheet - Recent balance sheet trends, weekly chart update.  www.federalreserve.gov/monetarypolicy/bst_recenttrends.htm _________________________

October 26, 2017 - NCUA - September 2017 NCUA Board Meeting Video Available - The video recording of the Sept. 28, 2017, open meeting of the National Credit Union Administration Board is now available on the agency’s website. www.ncua.gov/newsroom/Pages/news-2017-oct-sept-2017-ncua-board-meeting-video-available.aspx

October 26, 2017 - Regulatory Relief: FDIC Issues Temporary Exceptions to Appraisal Requirements in Areas Affected by Severe Storms and Flooding Related to Hurricanes Harvey, Irma and Maria.   www.fdic.gov/news/news/financial/2017/fil17056.html

October 26, 2017 - Finance Companies - G.20 - Owned and Managed Receivables Outstanding  Seasonally adjusted. www.federalreserve.gov/releases/g20/current/g20.htm

October 26, 2017 - Timing Expectations for the Completion of Safety-and-Soundness Examination and Inspection Reports for Regional Banking Organizations - This letter sets forth timing expectations for the completion of safety-and-soundness examination and inspection reports for domestic regional financial institutions and the submission of the reports to the institutions. www.federalreserve.gov/supervisionreg/srletters/sr1712.htm

October 26, 2017 - Federal Reserve Board announces new members of Community Advisory Council - The Federal Reserve Board on Thursday announced five new members of its Community Advisory Council. www.federalreserve.gov/newsevents/pressreleases/other20171026a.htm 

October 26, 2017 - Federal Reserve Board announces approval of application by Reliable Community Bancshares, Inc. and MAB Acquisition Corp. - The Federal Reserve Board on Thursday announced its approval of the application under section 3 of the Bank Holding Company Act of 1956 by Reliable Community Bancshares, Inc., and MAB Acquisition Corp., both of Perryville, Missouri, to acquire Mid America Banking Corporation, Rolla, and thereby indirectly acquire Mid America's subsidiary bank, Mid America Bank & Trust Company,  Dixon, both of Missouri. www.federalreserve.gov/newsevents/pressreleases/orders20171026a.htm

October 26, 2017 - Federal Reserve Board issues consent order against Mid America Bank and Trust Company - The Federal Reserve Board on Thursday issued a Consent Order against Mid America Bank and Trust Company Dixon, Missouri, for deceptive practices in violation of section 5 of the Federal Trade Commission Act related to balance transfer credit cards issued to consumers by Mid America through third parties. www.federalreserve.gov/newsevents/pressreleases/enforcement20171026a.htm

October 25, 2017 - Acting Comptroller of the Currency Issues Statement Regarding the Senate’s Vote to Overturn the Consumer Financial Protection Bureau’s Rule on Arbitration Agreements.   www.occ.gov/news-issuances/news-releases/2017/nr-occ-2017-127.html

October 24, 2017 - NCUA Webinar Will Discuss Benefits of Diversity for Credit Unions - Annual Diversity Self-Assessment Survey Now Under Way - Credit unions can learn about the many benefits of promoting diversity in their workforces and their membership on an upcoming webinar hosted by the National Credit Union Administration. www.ncua.gov/newsroom/Pages/news-2017-oct-ncua-webinar-discuss-benefits-diversity-credit-unions.aspx

October 24, 2017 - Interagency Community Bank Teleconference: Liquidity and Funding Risk Management - The FDIC, the Board of Governors of the Federal Reserve System, the Office of the Comptroller of the Currency, and the Conference of State Bank Supervisors are jointly hosting a teleconference to discuss trends in community bank liquidity and funds management and related supervisory guidance. The teleconference is scheduled for November 6, 2017, from 2:00 p.m. to 3:00 p.m. Eastern Time. www.fdic.gov/news/news/financial/2017/fil17055.html

October 23, 2017 - Chicago Fed National Activity Index Points to a Pickup in Economic Growth in September - Led by improvements in production-related indicators, the Chicago Fed National Activity Index (CFNAI) moved up to +0.17 in September from –0.37 in August. All four broad categories of indicators that make up the index increased from August, and three of the four categories made positive contributions to the index in September. www.chicagofed.org/~/media/publications/cfnai/2017/cfnai-october2017-pdf.pdf 

October 23, 2017 - OCC Hosts New Mexico Workshop for Board Directors and Bank Management - The Office of the Comptroller of the Currency will host a workshop in Albuquerque, N.M., at the Crown Plaza Albuquerque, December 4-6, for directors, senior management team members and other key executives of national community banks and federal savings associations supervised by the OCC. www.occ.gov/news-issuances/news-releases/2017/nr-occ-2017-126.html

October 23, 2017 - Oklahoma Economic Update By Chad Wilkerson Oklahoma City Branch Executive and Economist Federal Reserve Bank of Kansas City.   www.kansascityfed.org/~/media/files/publicat/speeches/2017/2017-wilkerson-fhlb-of-topeka-10-17.pdf

October 23, 2017 - FDIC Announces Webinar on Financial Education and Financial Empowerment Resources that Support People with Disabilities - The FDIC is co-hosting a webinar with the Consumer Financial Protection Bureau on November 15, 2017, from 2:00 p.m. to 4:00 p.m. Eastern Time. www.fdic.gov/news/news/financial/2017/fil17054.html

October 23, 2017 - St. Louis Fed and Wash U to Host Authors of "The Financial Diaries" on Oct. 24.  www.stlouisfed.org/news-releases/2017/10/23/st-louis-fed-and-washington-university-to-host-financial-diaries-authors-oct-24 

October 23, 2017 - Notice of a Meeting under Expedited Procedures - A closed meeting of the Board of Governors of the Federal Reserve System was held at 11:15 a.m. on October 23, 2017. Matter(s) considered: Review and determination by the Board of Governors of the advance and discount rates to be charged by the Federal Reserve Banks. www.federalreserve.gov/aboutthefed/boardmeetings/20171023closed.htm

October 23, 2017 - Interagency Frequently Asked Questions on Implementation of the Liquidity Coverage Ratio Rule - The Federal Reserve, the Federal Deposit Insurance Corporation, and the Office of the Comptroller of the Currency are jointly issuing the attached Frequently Asked Questions regarding implementation of the LCR and modified LCR rules.1 In the attached FAQs, the agencies provide interpretations based on the facts and circumstances described in each question.
Press Release: www.federalreserve.gov/supervisionreg/srletters/sr1711.htm 
Press Release: www.occ.treas.gov/news-issuances/bulletins/2017/bulletin-2017-44.html

October 23, 2017 - New, Modified, or Expanded Bank Products and Services - Risk Management Principles - This bulletin informs national banks, federal savings associations, and federal branches and agencies of foreign banks of the principles they should follow to prudently manage the risks associated with offering new, modified, or expanded products and services. https://www.occ.treas.gov/news-issuances/bulletins/2017/bulletin-2017-43.html

October 20, 2017 - Regulatory Relief - Guidance to Help Financial Institutions and to Facilitate Recovery in Areas of California Affected by Wildfires - The FDIC has announced a series of steps intended to provide regulatory relief to financial institutions and to facilitate recovery in areas of California affected by wildfires. www.fdic.gov/news/news/financial/2017/fil17052.html

October 20, 2017 - Federal Reserve Board announces approval of application by ING Bank N.V. - The Federal Reserve Board on Friday announced its approval of the application by ING Bank N.V., Amsterdam, The Netherlands, to establish a representative office in Dallas, Texas. www.federalreserve.gov/newsevents/pressreleases/orders20171020a.htm

October 19, 2017 - NCUA - International Credit Union Day a Reminder that Financial Literacy is Important - ?NCUA Offers Online Resources for Credit Unions and Members - International Credit Union Day, being celebrated today, is a good opportunity to promote financial literacy, and the National Credit Union Administration offers online resources to help credit unions and members reach that goal. www.ncua.gov/newsroom/Pages/news-2017-oct-financial-literacy.aspx

October 19, 2017 - NCUA Improves Appeals Process for Regulations and for Supervisory Actions - Share Insurance Fund Posts Quarterly Loss Due to Increased Loss Provisions - The National Credit Union Administration Board held its eighth open meeting of 2017 at the agency’s headquarters here today and unanimously approved four items: www.ncua.gov/newsroom/Pages/news-2017-oct-ncua-improves-appeals-process-regulations-supervisory-actions.aspx

October 19, 2017 - Acting Comptroller Discusses Innovation and Financial Technology - Acting Comptroller of the Currency Keith A. Noreika today discussed innovation and financial technology during a speech at Georgetown University’s Institute of International Economic Law’s Fintech Week. www.occ.gov/news-issuances/news-releases/2017/nr-occ-2017-125.html

October 19, 2017 - OCC Enforcement Actions and Terminations for October 2017 - 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/2017/nr-occ-2017-124.html

October 19, 2017 - FDIC Announces Personnel Changes - The Federal Deposit Insurance Corporation today announced several personnel changes. - The FDIC Board has appointed Howard Whyte as Chief Information Officer.  www.fdic.gov/news/news/press/2017/pr17082.html

October 19, 2017 - Overnight Reverse Repurchase Operations and Uncertainty in the Repo Market - Zeynep Senyuz and Manjola Tase - In its post-crisis monetary policy implementation framework, the Federal Reserve sets a target range for the federal funds rate that is supported by two administered rates: the interest on reserves, which is earned by banks, and the offering rate at the overnight reverse repurchase operations, which is earned by a broader set of financial institutions. www.federalreserve.gov/econres/notes/feds-notes/overnight-reverse-repurchase-operations-and-uncertainty-in-the-repo-market-20171019.htm

October 19, 2017 - The Unequal Distribution of Economic Education: A Report on the Race, Ethnicity, and Gender of Economics Majors at US Colleges and Universities - Amanda Bayer and David Wilcox - The distribution of economic education among US college graduates is quite unequal: female and underrepresented minority undergraduates, collectively, major in economics at 0.36 the rate that white, non-Hispanic male students do. www.federalreserve.gov/econres/feds/files/2017105pap.pdf

October 19, 2017 - Oil Price Pass-Through into Core Inflation - Cristina Conflitti and Matteo Luciani - Quantifying the magnitude and establishing the timing of the pass-through of oil price changes to consumer prices is crucial for forecasting inflation. www.federalreserve.gov/econres/notes/feds-notes/oil-price-pass-through-into-core-inflation-20171019.htm

October 19, 2017 - Federal Reserve announces results of offering of seven-day term deposits on October 19 - On October 19, 2017, the Federal Reserve conducted a floating-rate offering of term deposits through its Term Deposit Facility. +www.federalreserve.gov/newsevents/pressreleases/monetary20171019a.htm
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October 19, 2017 - OCC Enforcement Actions and Terminations for October 2017 - The Office of the Comptroller of the Currency (OCC) 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. https://www.occ.treas.gov/news-issuances/news-releases/2017/nr-occ-2017-124.html

October 19, 2017 - Acting Comptroller Discusses Innovation and Financial Technology - Acting Comptroller of the Currency Keith A. Noreika today discussed innovation and financial technology during a speech at Georgetown University’s Institute of International Economic Law’s Fintech Week. www.occ.gov/news-issuances/news-releases/2017/nr-occ-2017-125.html

October 19, 2017 - Advanced Notice of a Meeting under Expedited Procedures - A closed meeting of the Board of Governors of the Federal Reserve System will be held under expedited procedures at 12:00 p.m. on October 23, 2017. Matter(s) considered: Review and determination by the Board of Governors of the advance and discount rates to be charged by the Federal Reserve Banks. www.federalreserve.gov/aboutthefed/boardmeetings/20171023closed.htm

October 19, 2017 - Notice of a Meeting under Expedited Procedures - A closed meeting of the Board of Governors of the Federal Reserve System was held at on October 19, 2017. Matter(s) considered: Periodic Briefing and Discussion on Financial Markets, Institutions, and Infrastructure. www.federalreserve.gov/aboutthefed/boardmeetings/20171019closed.htm

October 19, 2017 - Monetary Policy Uncertainty - Lucas Husted, John Rogers, and Bo Sun - We construct new measures of uncertainty about Federal Reserve policy actions and their consequences -- monetary policy uncertainty indexes. www.federalreserve.gov/econres/ifdp/files/ifdp1215.pdf

October 18, 2017 - Chicago Fed Survey of Business Conditions - Survey shows steady growth in late August and September - The Chicago Fed Survey of Business Conditions Activity Index increased slightly to –8 from –9, suggesting that growth in economic activity remained at a modest pace in late August and September. www.chicagofed.org/~/media/publications/cfsbc/2017/cfsbc-october2017-pdf.pdf

October 18, 2017 - NCUA - Briefing Covers Proposed 2018-2019 Budget - Comments on the Proposed Budget Due by Oct. 27 - The National Credit Union Administration’s proposed 2018-2019 budget process continued today with a public briefing, and Board members encouraged credit union stakeholders to provide the agency with comments. www.ncua.gov/newsroom/Pages/news-2017-oct-briefing-covers-proposed-2018-2019-budget.aspx

October 18, 2017 - Beige Book - Informal review by the Federal Reserve Banks of current economic conditions in their Districts - This report was prepared at the Federal Reserve Bank of Minneapolis based on information collected on or before October 6, 2017. www.federalreserve.gov/monetarypolicy/beigebook201710.htm

October 18, 2017 - Legal Interpretations - Bank Holding Companies/Savings and Loan Holding Companies/Change in Control - 2017 Letters.   www.federalreserve.gov/supervisionreg/legalinterpretations/bhc_changeincontrol2017.htm

October 18, 2017 - The Increased Role of the Federal Home Loan Bank System in Funding Markets, Part 2: - Stefan Gissler and Borghan Narajabad - The FHLB system's balance sheet: 2000 to the present
Figure 1 shows the evolution of the combined FHLB system's assets; the left panel shows dollar amounts and the right panel shows percentage shares. www.federalreserve.gov/econres/notes/feds-notes/the-increased-role-of-the-federal-home-loan-bank-system-in-funding-markets-part-2-20171018.htm

October 18, 2017 - The Increased Role of the Federal Home Loan Bank System in Funding Markets, Part 1: Stefan Gissler and Borghan Narajabad - The Federal Home Loan Bank system was founded in 1932 to support mortgage lending by thrifts and insurance companies. www.federalreserve.gov/econres/notes/feds-notes/the-increased-role-of-the-federal-home-loan-bank-system-in-funding-markets-part-1-background-20171018.htm

October 17, 2017 - Acting Comptroller of the Currency Issues Statement Regarding Home Mortgage Disclosure Act Reporting - The Office of the Comptroller of the Currency today issued a bulletin to inform national banks, federal savings associations, and insured federal branches and agencies of foreign banks about key fields examiners will typically use to validate the accuracy and reliability of home mortgage loan data collected beginning in 2018 pursuant to the Home Mortgage Disclosure Act rule issued October 15, 2015. www.occ.gov/news-issuances/news-releases/2017/nr-occ-2017-122.html

October 17, 2017 - Minutes of the Board's discount rate meetings from August 28 and September 20, 2017.  www.federalreserve.gov/newsevents/pressreleases/monetary20171017a.htm  

October 17, 2017 - Advanced Notice of a Meeting under Expedited Procedures - A closed meeting of the Board of Governors of the Federal Reserve System will be held under expedited procedures at 10:00 a.m. on October 19, 2017. Matter(s) considered: Periodic Briefing and Discussion on Financial Markets, Institutions, and Infrastructure. www.federalreserve.gov/aboutthefed/boardmeetings/20171019closed.htm

October 17, 2017 - Designated Home Mortgage Disclosure Act Key Data Fields - The Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, and the Office of the Comptroller of the Currency have revised the list of Home Mortgage Disclosure Act key data fields that their respective examiners will use in connection with validating the accuracy of HMDA data collected beginning on January 1, 2018 pursuant to the Consumer Financial Protection Bureau's October 15, 2015 and August 24, 2017 amendments to Regulation C.
Press Release: www.federalreserve.gov/supervisionreg/caletters/caltr1703.htm
Press Release: www.fdic.gov/news/news/financial/2017/fil17051.html
Press Release: www.occ.treas.gov/news-issuances/bulletins/2017/bulletin-2017-41.html

October 17, 2017 - Statistical Release - Industrial Production and Capacity Utilization - G.17 - Industrial production rose 0.3 percent in September. The rates of change for July and August were notably revised; the current estimate for July, a decrease of 0.1 percent, was 0.5 percentage point lower than previously reported, while the estimate for August, a decrease of 0.7 percent, was 0.2 percentage point higher than before. www.federalreserve.gov/releases/g17/Current/default.htm

October 17, 2017 - Agencies issue temporary exceptions to appraisal requirements in areas affected by severe storms and flooding related to Hurricanes Harvey, Irma, and Maria - Responding to widespread damage caused by Hurricanes Harvey, Irma, and Maria, four federal financial institution regulatory agencies today took action to facilitate the recovery process by temporarily easing appraisal requirements for real estate-related financial transactions in areas declared to be a major disaster.
Press Release: www.federalreserve.gov/newsevents/pressreleases/bcreg20171017a.htm
Press Release: www.fdic.gov/news/news/press/2017/pr17081.html
Press Release: www.occ.gov/news-issuances/news-releases/2017/nr-ia-2017-123.html
Press Release: www.occ.treas.gov/news-issuances/bulletins/2017/bulletin-2017-42.html
Press Release: www.ncua.gov/newsroom/Pages/news-2017-oct-agencies-issue-temporary-exceptions-appraisal-requirements-harvey-irma-maria.aspx

October 17, 2017 - Minutes of the Board's discount rate meetings from August 28 and September 20, 2017.  www.federalreserve.gov/newsevents/pressreleases/monetary20171017a.htm

October 16, 2017 - 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/

October 16, 2017 - Statistical Release - Minority-Owned Depository Institutions - Historically, the Federal Reserve Board compiled quarterly data on depository institutions that participate in the Treasury’s Minority Bank Deposit Program. www.federalreserve.gov/releases/mob/

October 13, 2017 - OCC Releases Updated List of Permissible Activities for National Banks and Federal Savings Associations - The Office of the Comptroller of the Currency today released an updated list of permissible activities for national banks and federal savings associations. www.occ.gov/news-issuances/news-releases/2017/nr-occ-2017-121.html

October 13, 2017 - Conway Bank, Conway Springs, Kansas, Assumes All of the Deposits of The Farmers and Merchants State Bank of Argonia, Argonia, Kansas - The Farmers and Merchants State Bank of Argonia, Argonia, Kansas, was closed today by the Office of the State Bank Commissioner of Kansas, which appointed the Federal Deposit Insurance Corporation as receiver. To protect the depositors, the FDIC entered into a purchase and assumption agreement with Conway Bank, Conway Springs, Kansas, to assume all of the deposits of The Farmers and Merchants State Bank of Argonia. www.fdic.gov/news/news/press/2017/pr17080.html

October 13, 2017 - FDIC Advisory Committee on Economic Inclusion to Meet Next Week - The Federal Deposit Insurance Corporation Advisory Committee on Economic Inclusion will meet on Wednesday, October 18 to discuss economic inclusion for persons with disabilities, provide updates on efforts to expand access to Safe transaction accounts, present research related to neighborhood access to bank branches, and discuss the results of a 2016 FDIC survey of entry-level consumer checking and savings accounts. www.fdic.gov/news/news/press/2017/pr17079.html 

October 13, 2017 - Randal K. Quarles takes oath of office as member of the Board of Governors of the Federal Reserve System and Vice Chair for Supervision.   www.federalreserve.gov/newsevents/pressreleases/other20171013b.htm

October 13, 2017 - U.S. Faster Payments Governance Framework Formation Team announced - The Federal Reserve, on behalf of the Governance Framework Formation Team, announced the 27 members of the collaborative industry short-term work group that will focus on developing a governance framework for faster payments in the United States. www.federalreserve.gov/newsevents/pressreleases/other20171013a.htm

October 12, 2017 - NCUA Monitoring Wildfires in California; Stands Ready to Assist - The National Credit Union Administration is monitoring a series of wildfires in California and stands ready to provide assistance to federally insured credit unions in the affected areas, the agency announced today. www.ncua.gov/newsroom/Pages/news-2017-oct-ncua-monitoring-california-wildfires-ready-to-assist.aspx

October 12, 2017 - Community Reinvestment Act: Impact of Evidence of Discriminatory or Other Illegal Credit Practices on Community Reinvestment Act Ratings - The Office of the Comptroller of the Currency is issuing this bulletin to make public Policies and Procedures Manual 5000-43, which sets the OCC’s policy and framework for determining the effect of evidence of discriminatory or other illegal credit practices on the Community Reinvestment Act rating of a national bank, federal savings association, or federal branch. www.occ.treas.gov/news-issuances/bulletins/2017/bulletin-2017-40.html

October 12, 2017 - Bob Phelps Selected to be Deputy Comptroller for Supervision Risk Management - The Office of the Comptroller of the Currency today announced Bob Phelps will be its next Deputy Comptroller for Supervision Risk Management, effective October 30, 2017. www.occ.gov/news-issuances/news-releases/2017/nr-occ-2017-120.html

October 12, 2017 - Consolidated Reports of Condition and Income - The Consolidated Reports of Condition and Income for the September 30, 2017, report date must be submitted to the agencies' Central Data Repository by Monday, October 30, 2017. www.fdic.gov/news/news/financial/2017/fil17050.html

October 12, 2017 - Speech by Governor Brainard on rethinking monetary policy in a new normal.  www.federalreserve.gov/newsevents/speech/brainard20171012a.htm

October 12, 2017 - Remarks by Governor Powell on prospects for emerging market economies in a normalizing global economy Governor Jerome H. Powell.   www.federalreserve.gov/newsevents/speech/powell20171012a.htm

October 12, 2017 - Federal Reserve Board announces termination of enforcement action with Citizens First State Bank of Walnut.  www.federalreserve.gov/newsevents/pressreleases/enforcement20171012a.htm

October 12, 2017 - Federal Reserve to offer seven-day term deposits on October 19 - The Federal Reserve plans to continue its previously announced periodic testing of the Term Deposit Facility with one operation in October. www.federalreserve.gov/newsevents/pressreleases/monetary20171012a.htm

October 11, 2017 - OCC Chief Counsel Amy Friend Announces Retirement - Amy Friend, Senior Deputy Comptroller and Chief Counsel at the Office of the Comptroller of the Currency, today announced that she will retire from federal service and step down from her position on November 11, 2017. www.occ.gov/news-issuances/news-releases/2017/nr-occ-2017-119.html

October 11, 2017 - Monetary Policy in a Low Inflation Economy By Esther George President and Chief Executive Officer Federal Reserve Bank of Kansas City.   www.kansascityfed.org/~/media/files/publicat/speeches/2017/2017-george-centralexchange-10-11.pdf

October 11, 2017 - FDIC to Hold 7th Annual Consumer Research Symposium in Arlington, Virginia - The Federal Deposit Insurance Corporation will sponsor the 7th Annual Consumer Research Symposium on October 13, 2017. www.fdic.gov/news/news/press/2017/pr17078.html

October 11, 2017 - Minutes of the Federal Open Market Committee, September 19-20, 2017 - The Federal Reserve Board and the Federal Open Market Committee on Wednesday released the attached minutes of the Committee meeting held on September 19-20, 2017. www.federalreserve.gov/newsevents/pressreleases/monetary20171011a.htm
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October 11, 2017 - FDIC to Hold 7th Annual Consumer Research Symposium in Arlington, Virginia - The Federal Deposit Insurance Corporation will sponsor the 7th Annual Consumer Research Symposium on October 13, 2017. www.fdic.gov/news/news/press/2017/pr17078.html

October 11, 2017 - Federal Reserve Board issues enforcement actions with Bank of Gueydan and Farmers State Bank.  www.federalreserve.gov/newsevents/pressreleases/enforcement20171010a.htm

October 10, 2017 - Consolidated Reports of Condition and Income for Third Quarter 2017 - The attached materials pertain to the Consolidated Reports of Condition and Income for the September 30, 2017, report date. Please plan to complete the preparation, editing, and review of your institution's Call Report data and the submission of these data to the agencies' Central Data Repository as early as possible. www.fdic.gov/news/news/financial/2017/fil17049.html

October 10, 2017 - Notice of a Meeting under Expedited Procedures - A closed meeting of the Board of Governors of the Federal Reserve System was held at on October 10, 2017. Matter(s) considered: Review and determination by the Board of Governors of the advance and discount rates to be charged by the Federal Reserve Banks. www.federalreserve.gov/recentpostings.htm

October 6, 2017 - T+2 Securities Transaction Settlement Cycle: Notice of Proposed Rulemaking - The Office of the Comptroller of the Currency is requesting comment on a proposed rule to shorten the standard settlement cycle for securities purchased or sold by national banks or federal savings associations. www.occ.treas.gov/news-issuances/bulletins/2017/bulletin-2017-39.html

October 6, 2017 - NCUA Advises Credit Unions in the Path of Tropical Storm Nate to Prepare - Credit unions in the path of Tropical Storm Nate are being advised to take precautions as the storm nears the Gulf Coasts of Louisiana, Mississippi, Alabama and Florida, the National Credit Union Administration said today. www.ncua.gov/newsroom/Pages/news-2017-oct-ncua-advises-credit-unions-path-tropical-storm-nate-prepare.aspx

October 6, 2017 - NCUA Posts 2018–2019 Budget Proposal - Agency Accepting Comments and Budget Briefing Presentation Requests - The National Credit Union Administration’s 2018–2019 budget proposal is now available online, and the agency is accepting comments as well as requests to present at its Oct. 18 budget briefing. www.ncua.gov/newsroom/Pages/news-2017-oct-ncua-posts-2018-2019-budget-proposal.aspx

October 6, 2017 - St. Louis Fed's Bullard Discusses Living Standards across U.S. Metro Areas - Federal Reserve Bank of St. Louis President James Bullard discussed “Living Standards across U.S. Metropolitan Statistical Areas” at Bi-State Development’s 2017 annual meeting on Friday. www.stlouisfed.org/news-releases/2017/10/06/bullard-living-standards-us-metro-areas

October 6, 2017 - Banker Teleconference Series: HMDA Implementation - Timely and Comprehensive Information and Insights from the FDIC - The FDIC will discuss implementation of the 2015 Home Mortgage Disclosure Act Final Rule regarding requirements that become effective beginning in 2018. www.fdic.gov/news/news/financial/2017/fil17047.html

October 6, 2017 - Banker Teleconference: Proposed Simplifications to the Capital Rule Pursuant to the Economic Growth and Regulatory Paperwork Reduction Act of 1996 - The FDIC, the Office of the Comptroller of the Currency, and the Board of Governors of the Federal Reserve System will host an interagency conference call on Thursday, October 12, 2017, at 1:00 p.m. Eastern Time. www.fdic.gov/news/news/financial/2017/fil17048.html

October 6, 2017 - Statistical Release - Consumer Credit - G.19 - In August, consumer credit increased at a seasonally adjusted annual rate of 4-1/4 percent. Revolving credit increased at an annual rate of 7 percent, while nonrevolving credit increased at an annual rate of 3-1/4 percent. www.federalreserve.gov/releases/g19/current/default.htm

October 6, 2017 - FOIA - Chair Yellen's calendar, August 2017.  www.federalreserve.gov/foia/files/chair-yellen-calendar-082017.pdf
 
October 6, 2017 - Credit and Liquidity Programs and the Balance Sheet - Recent balance sheet trends, weekly chart update www.federalreserve.gov/monetarypolicy/bst_recenttrends.htm

October 6, 2017 - Federal Reserve Board announces approval of application by Columbia Banking System, Inc. - The Federal Reserve Board on Friday announced its approval of the application under section 3 of the Bank Holding Company Act of 1956 by Columbia Banking System, Inc., Tacoma, Washington, to acquire Pacific Continental Corporation and thereby indirectly acquire Pacific's subsidiary bank, Pacific Continental Bank, both of Eugene, Oregon. www.federalreserve.gov/newsevents/pressreleases/orders20171006a.htm
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October 5, 2017 - Promise and Peril: Managing the Uncertainty of Rapid Innovation and a Changing Economy By Lamont K. Black, Makaylah Brookshire, Louie Christopoulos, Alexandra Dumitriu, Andrew Edwards, Courtney Markovich, Kristin Rhodes, Brian Wolfe - The Chicago Fed’s Supervision and Regulation Department and DePaul University’s Center for Financial Services held their tenth annual risk conference on March 29–30, 2017. www.chicagofed.org/publications/chicago-fed-letter/2017/388

October 5, 2017 - Acting Comptroller of the Currency Rescinds Deposit Advance Product Guidance - Acting Comptroller of the Currency Keith A. Noreika today approved rescission of the agency’s Guidance on Supervisory Concerns and Expectations Regarding Deposit Advance Products that was published in the Federal Register on November 26, 2013, and accompanying OCC Bulletin 2013-40. www.occ.gov/news-issuances/news-releases/2017/nr-occ-2017-118.html

October 5, 2017 - OCC Hosts Credit Risk and Operational Risk Workshops in Louisville - The Office of the Comptroller of the Currency will host two workshops at the Holiday Inn Louisville Airport, Louisville, Ky., November 14-15, for directors of national community banks and federal savings associations supervised by the OCC. www.occ.gov/news-issuances/news-releases/2017/nr-occ-2017-117.html

October 5, 2017 - Acting Comptroller Discusses Efforts to Reduce Regulatory Burden and Expand Economic Opportunity - During his remarks before a group of midsize bank risk officers, the Acting Comptroller also highlighted risks facing those banks and the federal banking system. www.occ.gov/news-issuances/news-releases/2017/nr-occ-2017-116.html

October 5, 2017 - Federal Reserve and CSBS Release Findings from 2017 National Survey of Community Banks - The Federal Reserve System and the Conference of State Bank Supervisors today released findings from a national survey of community bankers presented at the fifth annual Community Banking in the 21st Century Research and Policy Conference held at the Federal Reserve Bank of St. Louis. www.stlouisfed.org/news-releases/2017/10/5/federal-reserve-and-csbs-release-findings-from-2017-national-survey-of-community-banks

October 5, 2017 - 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/news/press/2017/pr17077.html 

October 5, 2017 - Trader Positions and Marketwide Liquidity Demand - Esen Onur, John S. Roberts, and Tugkan Tuzun - In electronic, liquid markets, traders frequently change their positions. The distribution of these trader position changes carries important information about liquidity demand in the market. www.federalreserve.gov/econres/feds/2017.htm#2017103

October 5, 2017 - Advanced Notice of a Meeting under Expedited Procedures - A closed meeting of the Board of Governors of the Federal Reserve System will be held under expedited procedures at 11:30 a.m. on October 10, 2017. Matter(s) considered: Review and determination by the Board of Governors of the advance and discount rates to be charged by the Federal Reserve Banks. www.federalreserve.gov/aboutthefed/boardmeetings/20171010closed.htm

October 5, 2017 - Speech by Governor Powell on Treasury markets and the TMPG Governor Jerome H. Powell.  www.federalreserve.gov/newsevents/speech/powell20171005a.htm 

October 5, 2017 - The Federal Reserve Board announced the termination of the First Bancorp, San Juan, Puerto Rico.  www.federalreserve.gov/newsevents/pressreleases/enforcement20171005a.htm

October 4, 2017 - OCC Releases CRA Evaluations for 31 National Banks and Federal Savings Associations - The Office of the Comptroller of the Currency (OCC) today released a list of Community Reinvestment Act performance evaluations that became public during the period of September 1, 2017 through September 30, 2017. www.occ.gov/news-issuances/news-releases/2017/nr-occ-2017-115.html

October 4, 2017 - U.S. and Ponca City Area Economic Update By Chad Wilkerson Oklahoma City Branch Executive and Economist Federal Reserve Bank of Kansas City.   www.kansascityfed.org/~/media/files/publicat/speeches/2017/2017-wilkerson-ponca-city-10-17.pdf 

October 4, 2017 - Statistical Release - Minority-Owned Depository Institutions - Historically, the Federal Reserve Board compiled quarterly data on depository institutions that participate in the Treasury’s Minority Bank Deposit Program. Beginning with the June 30, 2015 Release Date, depository institutions that participate in the FDIC’s Minority Depository Institutions Program have been added in addition to depository institutions defined by the Treasury. www.federalreserve.gov/releases/mob/

October 4, 2017 - 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/

October 4, 2017 - International Transfer Pricing and Tax Avoidance: Evidence from Linked Trade-Tax Statistics in the UK - Li Liu, Tim Schmidt-Eisenlohr, and Dongxian Guo - This paper employs unique data on export transactions and corporate tax returns of UK multinational firms and finds that firms manipulate their transfer prices to shift profits to lower-taxed destinations. www.federalreserve.gov/econres/ifdp/files/ifdp1214.pdf

October 4, 2017 - Own-Account IT Equipment Investment - David M. Byrne, Carol A. Corrado, and Daniel E. Sichel - This note considers a puzzle: why has information technology equipment investment in the National income and Product Accounts been so weak since 2007 at the same time that financial reports indicate massive increases in capital expenditures by IT service companies? www.federalreserve.gov/econres/notes/feds-notes/own-account-it-equipment-investment-20171004.htm

October 4, 2017 - A Shadow Rate Model of Intermediate-Term Policy Rate Expectations - Marcel Priebsch - This note introduces a shadow rate term structure model based on OIS rates and surveys to quantify federal funds rate expectations and term premiums over horizons ranging from one month to five years. www.federalreserve.gov/econres/notes/feds-notes/shadow-rate-model-of-intermediate-term-policy-rate-expectations-20171004.htm

October 4, 2017 - Welcoming Remarks by Chair Yellen - Chair Janet L. Yellen At Community Banking in the 21st Century Fifth Annual Community Banking Research and Policy Conference cosponsored by the Federal Reserve System and Conference of State Bank Supervisors, Federal Reserve Bank of St. Louis, St. Louis, Missouri.   www.federalreserve.gov/newsevents/speech/yellen20171004a.htm

October 3, 2017 - FDIC Releases Results of Summary of Deposits Survey - The Federal Deposit Insurance Corporation today released the results of its annual survey of branch office deposits for all FDIC-insured institutions. The latest data are as of June 30, 2017. www.fdic.gov/news/news/press/2017/pr17076.html

October 3, 2017 - Measuring Inflation Anchoring and Uncertainty: A US and Euro Area Comparison - Olesya Grishchenko, Sarah Mouabbi, and Jean-Paul Renne - We use several US and euro-area surveys of professional forecasters to estimate a dynamic factor model of inflation featuring time-varying uncertainty. www.federalreserve.gov/econres/feds/files/2017102pap.pdf

October 3, 2017 - Statement of Chair Janet L. Yellen on the Financial Stability Oversight Council's decision to rescind the designation of American International Group as a systemic nonbank financial company. www.federalreserve.gov/newsevents/pressreleases/other20171002a.htm 

October 2, 2017 - NCUA - Shreveport Closes, Red River Employees Assumes Members, Most Shares and Loans Member Services Continue, Deposits Remain Protected by Share Insurance Fund - The National Credit Union Administration today liquidated Shreveport Federal Credit Union of Shreveport, Louisiana. www.ncua.gov/newsroom/Pages/news-2017-oct-shreveport-closes-red-river-employees-assumes-members-shares-loans.aspx

October 2, 2017 - Statistical Release - Foreign Exchange Rates - G.5 - The table below shows the average rates of exchange in SEPTEMBER 2017 together with comparable figures for other months. www.federalreserve.gov/releases/g5/current/default.htm

September 29, 2017 - Midwest Economy Index - Index points to slower Midwest economic growth again in August - The Midwest Economy Index decreased to +0.10 in August from +0.30 in July. Contributions to the August MEI from three of the four broad sectors of nonfarm business activity and four of the five Seventh Federal Reserve District states declined from July. www.chicagofed.org/~/media/publications/mei/2017/mei-august2017-pdf.pdf

September 29, 2017 - NCUA Issues Prohibition Notices - The National Credit Union Administration in September issued two notices of prohibition to individuals who have been convicted of crimes of dishonesty and, as a result, are prohibited from participating in the affairs of any federally insured financial institution. www.ncua.gov/newsroom/Pages/news-2017-sept-prohibition-notices.aspx

September 29, 2017 - OCC Reports Mortgage Performance Continues to Improve - Performance of first-lien mortgages improved during the second quarter of 2017 compared with a year earlier, according to the Office of the Comptroller of the Currency’s quarterly report on mortgages. www.occ.gov/news-issuances/news-releases/2017/nr-occ-2017-114.html

September 29, 2017 - Report to the Congress - Report to the Congress on the Availability of Credit to Small Businesses - This report is prepared in accordance with section 2227 of the Economic Growth and Regulatory Paperwork Reduction Act of 1996, which requires that, every five years, the Board of Governors of the Federal Reserve System submit a report to the Congress detailing the extent of small business lending by all creditors. www.federalreserve.gov/publications/files/sbfreport2017.pdf

September 29, 2017 - Statistical Release - Finance Companies - G.20.  www.federalreserve.gov/releases/g20/current/g20.htm

September 29, 2017 - Credit and Liquidity Programs and the Balance Sheet - Recent balance sheet trends, weekly chart update. www.federalreserve.gov/monetarypolicy/bst_recenttrends.htm

September 29, 2017 - Semiannual Reports on Banking Applications Activity - This report provides information regarding the applications filed by banking organizations and reviewed by the Federal Reserve as of the most recent reporting period ending on June 30 and December 31 of each calendar year. https://www.federalreserve.gov/publications/semiannual-report-on-banking-applications-activity.htm

September 29, 2017 - Discount Window Lending - The discount window helps to relieve liquidity strains for individual depository institutions and for the banking system as a whole by providing a reliable backup source of funding. https://www.federalreserve.gov/regreform/discount-window.htm 

September 29, 2017 - The Federal Reserve Board on Friday announced its approval of the application by the Bank of East Asia, Limited, Hong Kong SAR, People's Republic of China, to upgrade its existing limited federal branch in Los Angeles, California, to a full-service branch. www.federalreserve.gov/newsevents/pressreleases/orders20170929a.htm

September 29, 2017 - Federal Reserve Board fines HSBC Holdings plc and HSBC North America Holdings Inc. $175 million for unsafe and unsound practices in FX trading.   www.federalreserve.gov/newsevents/pressreleases/enforcement20170929a.htm 

September 29, 2017 - FDIC Makes Public August Enforcement Actions; No Administrative Hearings Scheduled for October 2017 - The Federal Deposit Insurance Corporation today released a list of orders of administrative enforcement actions taken against banks and individuals in August. There are no administrative hearings scheduled for October 2017. www.fdic.gov/news/news/press/2017/pr17075.html

September 28, 2017 - Emerging Trends in the Colorado Economy By Alison Felix Economist and Branch Executive Federal Reserve Bank of Kansas City Denver Branch.   www.kansascityfed.org/~/media/files/publicat/speeches/2017/2017-felix-efgreeley-09-28.pdf

September 28, 2017 - Minority Banks and the Economy By Esther George President and Chief Executive Officer Federal Reserve Bank of Kansas City.   www.kansascityfed.org/~/media/files/publicat/speeches/2017/2017-george-kansascity-09-28.pdf

September 28, 2017 - U.S. and Oklahoma Economic Update By Chad Wilkerson Oklahoma City Branch Executive and Economist Federal Reserve Bank of Kansas City.   www.kansascityfed.org/~/media/files/publicat/speeches/2017/2017-wilkerson-muskogee-rotary-09-17.pdf

September 28, 2017 - The Federal Financial Institutions Examination Council published a Press Release announcing the availability of 2016 HMDA data. www.ffiec.gov/press/pr092817.htm

September 28, 2017 - Agencies extend next resolution plan filing deadline for certain domestic and foreign banks - The Federal Reserve Board and the Federal Deposit Insurance Corporation today extended the next resolution plan filing deadline for eight large domestic banks by one year to July 1, 2019.
Press Release: www.federalreserve.gov/newsevents/pressreleases/bcreg20170928a.htm
Press release: www.fdic.gov/news/news/press/2017/pr17074.html