October 31, 2018 - Index points to steady Midwest economic growth in September - The Midwest Economy Index was unchanged at +0.37 in September. Contributions to the September MEI from one of the four broad sectors of nonfarm business activity and one of the five Seventh Federal Reserve District states increased from August. www.chicagofed.org/~/media/publications/mei/2018/mei-september2018-pdf.pdf

October 31, 2018 - NCUA Issues Prohibition Notices - The National Credit Union Administration issued four prohibition notices in October. These individuals are prohibited from participating in the affairs of any federally insured financial institution. www.ncua.gov/newsroom/Pages/news-2018-oct-ncua-issues-prohibition-notices.aspx

October 31, 2018 - NCUA Awards $2 Million in Grants to 203 Low-Income Credit Unions - McWatters—Investing in Fundamentals: Cybersecurity, Access, Human Capital - The National Credit Union Administration has awarded $2 million in grants to help 203 low-income credit unions improve digital services and security, increase outreach to underserved communities, and train employees. www.ncua.gov/newsroom/Pages/news-2018-oct-ncua-awards-grants-203-low-income-credit-unions.aspx 

October 31, 2018 - OCC Invites Comment on Proposed Rule to Change Applicability Thresholds for Regulatory Capital and Liquidity Requirements - The Office of the Comptroller of the Currency today announced it is inviting comment on a proposed rule that would establish four categories of standards and apply tailored capital and liquidity requirements for certain banking organizations with more than $100 billion in total consolidated assets. www.occ.gov/news-issuances/news-releases/2018/nr-occ-2018-115.html

October 31, 2018 - Statistical Release - Finance Companies - G.20.  www.federalreserve.gov/releases/g20/current/g20.htm

October 31, 2018 - Open Board Meeting Memoranda - An Open Board meeting of the Board of Governors of the Federal Reserve System will be held at 10:30 a.m. on October 31, 2018. Matter(s) considered: Prudential Standards for Large Bank Holding Companies, Savings and Loan Holding Companies, and State Member Banks. www.federalreserve.gov/aboutthefed/boardmeetings/20181031open.htm

October 31, 2018 - Federal Reserve Board invites public comment on framework that would more closely match regulations for large banking organizations with their risk profiles - The changes would reduce compliance requirements for firms with less risk while maintaining more stringent requirements for firms with more risk. www.federalreserve.gov/newsevents/pressreleases/bcreg20181031a.htm

October 30, 2018 - Bulletin - Legal Developments: Third Quarter, 2018 - Seven orders were issued this quarter, one for Howard Bancorp, Inc. and First Financial Bancorp under section 3 of the Bank Holding Company Act; one for Associated Banc-Corp under section 4 of the Bank Holding Company Act; one for Huron Community Bank, IBERIABANK, and First Financial Bank under the Bank Merger Act; one for IBERIABANK and First Financial Bank under the Federal Reserve Act; one for Deutsche Pfandbriefbank AG under the International Banking Act; and one for The Charles Schwab Corporation under the Home Owners’ Loan Act. www.federalreserve.gov/publications/2018-bulletin-q1-legal-developments.htm

October 30, 2018 - 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 10:15 a.m. on November 1, 2018. Matter(s) considered: Review of Board Publications Related to Financial Markets. www.federalreserve.gov/recentpostings.htm

October 30, 2018 - Agencies propose rule to update calculation of derivative contract exposure amounts under regulatory capital rules - The proposed changes are designed to better reflect the current derivatives market and incorporate risks observed during the 2007-2008 financial crisis.
Press Release: www.federalreserve.gov/newsevents/pressreleases/bcreg20181030a.htm 
Press Release: www.fdic.gov/news/news/press/2018/pr18080.html 
Press Release: www.occ.gov/news-issuances/news-releases/2018/nr-ia-2018-114.html

October 29, 2018 - Fed’s Evans Discusses Regional Economy and Growth - Inclusive Economic Development and Regional Growth A speech presented on October 29, 2018, before the sixth annual Summit on Regional Competitiveness in Chicago. www.chicagofed.org/publications/speeches/2018/10-29-2018-inclusive-economic-development-and-regional-growth-annual-regional-summit

October 29, 2018 - Federal Reserve Board announces approval of application by Joint Stock Commercial Bank for Foreign Trade of Vietnam.   www.federalreserve.gov/newsevents/pressreleases/orders20181029a.htm

October 26, 2018 - 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 2018. www.fdic.gov/news/news/press/2018/pr18079.html

October 26, 2018 - Credit and Liquidity Programs and the Balance Sheet - Recent balance sheet trends, weekly chart update.  www.federalreserve.gov/monetarypolicy/bst_recenttrends.htm

October 26, 2018 - Manual - Reserve Maintenance Manual, October 2018 - The Reserve Maintenance Manual provides information regarding reserve calculations and account maintenance for depository institutions that file the Federal Reserve 2900 form with the Federal Reserve, either weekly or quarterly. www.federalreserve.gov/monetarypolicy/reservereq-reserve-maintenance-manual.htm

October 25, 2018 - Managing Counterparty Risk in OTC Markets - Sandor Axelrod, David Lebow, and Ekaterina Peneva - To better understand inflation expectations, we examine newly available data on U.S. households' inflation perceptions--what people think inflation has been in the past. www.federalreserve.gov/econres/feds/files/2018073pap.pdf

October 25, 2018 - Forward Guidance with Bayesian Learning and Estimation - Christopher Gust, Edward Herbst, and David Lopez-Salido - Considerable attention has been devoted to evaluating the macroeconomic effectiveness of the Federal Reserve's communications about future policy rates in light of the U.S. economy's long spell at the zero lower bound. www.federalreserve.gov/econres/feds/files/2018072pap.pdf

October 25, 2018 - Federal Reserve Board announces annual indexing of reserve requirement exemption amount and of low reserve tranche for 2019 - The Federal Reserve Board on Thursday announced the annual indexing of two amounts used in determining reserve requirements of depository institutions. www.federalreserve.gov/newsevents/pressreleases/bcreg20181025a.htm
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October 26, 2018 - FDIC Makes Public September Enforcement Actions - The Federal Deposit Insurance Corporation (FDIC) today released a list of orders of administrative enforcement actions taken against banks and individuals in September. https://www.fdic.gov/news/news/press/2018/pr18079.html

October 25, 2018 - Regulatory Relief: Guidance to Help Financial Institutions and Facilitate Recovery in Areas of Wisconsin Affected by Severe Storms, Tornadoes, Straight-line Winds, Flooding, and Landslides www.fdic.gov/news/news/financial/2018/fil18065.html

October 25, 2018 - Federal Financial Institutions Regulatory Agencies Announce Availability of 2017 Small Business, Small Farm, and Community Development Lending Data - The three federal banking agency members of the Federal Financial Institutions Examination Council with Community Reinvestment Act responsibilities today announced the availability of data on small business, small farm, and community development lending reported by certain commercial banks and savings associations, pursuant to the CRA.
Press Release: www.fdic.gov/news/news/press/2018/pr18078.html
Press Release: www.ffiec.gov/press/pr102518.htm
Press Release: www.occ.gov/news-issuances/news-releases/2018/nr-ia-2018-113.html

October 25, 2018 - 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 29, 2018. 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. Discussion of Bank Supervisory Issues. www.federalreserve.gov/aboutthefed/boardmeetings/20181025closed.htm

October 25, 2018 - Speech by Vice Chairman Clarida on the outlook for the U.S. economy and monetary policy At Peterson Institute for International Economics, Washington, D.C. www.federalreserve.gov/newsevents/speech/clarida20181025a.htm

October 25, 2018 - Federal Reserve Board issues enforcement action with AllNations Bank.  www.federalreserve.gov/newsevents/pressreleases/enforcement20181025a.htm

October 25, 2018 - Federal Reserve Board announces new members of Community Advisory Council - The Federal Reserve Board on Thursday announced six new members of its Community Advisory Council. The new members will serve three-year terms beginning in 2019. www.federalreserve.gov/newsevents/pressreleases/other20181025a.htm

October 25, 2018 - NCUA to Host HMDA and Consumer Compliance Update Webinar - Credit unions can learn more about recent changes to the Home Mortgage Disclosure Act and other federal consumer financial protection laws and regulations during a Nov. 14 webinar hosted by the National Credit Union Administration. www.ncua.gov/newsroom/Pages/news-2018-oct-ncua-host-hmda-consumer-compliance-update-webinar.aspx

October 24, 2018 - 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/2018/10/24/st-louis-fed-releases-beige-book

October 24, 2018 - Survey shows growth slowed in late August and September - The Chicago Fed Survey of Business Conditions Activity Index moved down to -11 from +2, suggesting that growth in economic activity slowed to a modest pace in late August and September. www.chicagofed.org/~/media/publications/cfsbc/2018/cfsbc-october2018-pdf.pdf

October 24, 2018 - NCUA - McWatters: Bipartisanship is Producing Results - Through consistent, bipartisan collaboration, the NCUA Board is revising the agencys regulations to relieve the regulatory, reporting, and examination burdens of federally insured credit unions, NCUA Board Chairman J. Mark McWatters said today. www.ncua.gov/newsroom/Pages/news-2018-oct-mcwatters-bipartisanship-producing-results.aspx

October 24, 2018 - Community Affairs Webinar: Expanding Access to Safe Transaction Accounts - The FDIC will conduct a webinar on Wednesday, October 31, 2018, at 2 p.m. Eastern Time on expanding access to safe transaction accounts. www.fdic.gov/news/news/financial/2018/fil18064.html 

October 24, 2018 - Beige Book - Informal review by the Federal Reserve Banks of current economic conditions in their Districts. www.federalreserve.gov/monetarypolicy/beigebook201810.htm

October 24, 2018 - Notice of Open Board Meeting - An Open Board meeting of the Board of Governors of the Federal Reserve System will be held at 10:30 a.m. on October 31, 2018. Matter(s) considered: Prudential Standards for Large Bank Holding Companies, Savings and Loan Holding Companies, and State Member Banks. www.federalreserve.gov/aboutthefed/boardmeetings/20181031open.htm

October 24, 2018 - 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 24, 2018. Matter(s) considered: Periodic Briefing and Discussion on Financial Markets, Institutions, and Infrastructure. www.federalreserve.gov/aboutthefed/boardmeetings/20181024closed.htm

October 24, 2018 - Employment effects of unconventional monetary policy: Evidence from QE - Stephan Luck and Tom Zimmermann - This paper investigates the effect of the Federal Reserve's unconventional monetary policy on employment via a bank lending channel. www.federalreserve.gov/econres/feds/files/2018071pap.pdf

October 23, 2018 - NCUA Board Re-Schedules December Open Meeting, Posts September Meeting Video.  www.ncua.gov/newsroom/Pages/news-2018-oct-board-reschedules-december-open-meeting-posts-september-video.aspx

October 23, 2018 - OCC Assesses $100 Million Civil Money Penalty Against Capital One - The Office of the Comptroller of the Currency recently assessed a $100 million civil money penalty against Capital One, N.A., and Capital One Bank, N.A. for deficiencies in the banks Bank Secrecy Act/Anti-Money Laundering program. www.occ.gov/news-issuances/news-releases/2018/nr-occ-2018-112.html

October 23, 2018 - Share of U.S. Households without a Bank Account Continues to Drop - For the third consecutive survey period, the number of U.S. households without a bank account fell, according to the results of the 2017 biennial National Survey of Unbanked and Underbanked Households released today by the Federal Deposit Insurance Corporation. www.fdic.gov/news/news/press/2018/pr18077.html 

October 23, 2018 - Minutes of the Board's discount rate meetings from August 27 through September 26, 2018.  www.federalreserve.gov/newsevents/pressreleases/monetary20181023a.htm

October 23, 2018 - Federal Reserve Board issues enforcement action.  www.federalreserve.gov/newsevents/pressreleases/enforcement20181023a.htm

October 22, 2018 - Chicago Fed National Activity Index - Index points to a moderation in economic growth in September - The Chicago Fed National Activity Index decreased to +0.17 in September from +0.27 in August. Two of the four broad categories of indicators that make up the index decreased from August, but three of the four categories made positive contributions to the index in September. www.chicagofed.org/~/media/publications/cfnai/2018/cfnai-october2018-pdf.pdf

October 22, 2018 - Do Marketplace Lending Platforms Offer Lower Rates to Consumers? - Robert M. Adams - Over the past decade, firms using innovative technology--so-called fintech firms--have entered into various financial services markets. One particular set of entrants, marketplace lenders, have entered into consumer lending markets, using nontraditional data- and technology-intensive methods to originate loans to consumers. https://www.federalreserve.gov/econres/notes/feds-notes/do-marketplace-lending-platforms-offer-lower-rates-to-consumers-20181022.htm

October 22, 2018 - Payment Systems - Quarterly Data: Daylight Overdrafts and Fees.  www.federalreserve.gov/paymentsystems/psr_data.htm

October 22, 2018 - 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 24, 2018. Matter(s) considered: Periodic Briefing and Discussion on Financial Markets, Institutions, and Infrastructure. www.federalreserve.gov/aboutthefed/boardmeetings/20181024closed.htm

October 20, 2018 - Bank Holding Companies/Savings and Loan Holding Companies/Change in Control - 2018 Letters - Letter to Mr. Malik Cooper granting his request pursuant to section 19 of the Federal Deposit Insurance Act to become an institution-affiliated party of State Farm Mutual Automobile Insurance Company, Bloomington, Illinois. www.federalreserve.gov/supervisionreg/legalinterpretations/bhc_changeincontrol20180920.pdf

October 19, 2018 - Seasonal and Business Cycles of U.S. Employment - By Menelik Geremew , Frangois Gourio - The U.S. economy alternates between periods of expansion, when employment and production grow, and periods of recession, when they fall. www.chicagofed.org/publications/economic-perspectives/2018/3

October 19, 2018 - OCC Enforcement Actions and Terminations for October 2018 - 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/2018/nr-occ-2018-111.html

October 19, 2018 - Cybersecurity Preparedness Resource - As part of the FDIC's Community Banking Initiative, the agency is adding to its cybersecurity awareness resources for financial institutions. This includes two new vignettes for the Cyber Challenge, which consists of exercises that are intended to encourage discussions of operational risk issues and the potential impact of information technology disruptions on common banking functions. www.fdic.gov/news/news/financial/2018/fil18063.html

October 19, 2018 - Credit and Liquidity Programs and the Balance Sheet - Recent balance sheet trends, weekly chart update. www.federalreserve.gov/monetarypolicy/bst_recenttrends.htm

October 19, 2018 - Optimal Monetary Policy in a DSGE Model with Attenuated Forward Guidance Effects - Hess Chung, Taisuke Nakata, and Matthias Paustian - When current policy rates are at the effective lower bound, central banks often turn to communication about the future path of policy rates--known as forward guidance--as an alternative means to influence economic activity. www.federalreserve.gov/econres/notes/feds-notes/optimal-monetary-policy-in-a-dsge-model-with-attenuated-forward-guidance-effects-20181019.htm

October 19, 2018 - Hysteresis via Endogenous Rigidity in Wages and Participation - Cynthia L. Doniger and David Lopez-Salido - We document that the past three "jobless" recoveries also featured asymmetries in labor force participation and labor compensation, with each falling to new lows during each cycle. www.federalreserve.gov/econres/feds/files/2017044r1pap.pdf

October 18, 2018 - U.S. and Oklahoma Economic Outlook By Chad Wilkerson Oklahoma City Branch Executive and Economist.  www.kansascityfed.org/~/media/files/publicat/speeches/2018/2018-wilkerson-okcpa-10-18.pdf

October 18, 2018 - 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 24 to discuss the 2017 FDIC Household Survey data results, review of UK-Financial Conduct Authority mobile study, and youth employment programs and deposit accounts. www.fdic.gov/news/news/press/2018/pr18076.html
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October 18, 2018 - Federal Reserve Bank of Kansas City to host third annual Code-A-Thon this weekend - The Code-A-Thon is an annual event to encourage and inspire computer science and engineering, collegiate students. www.kansascityfed.org/~/media/files/publicat/newsroom/2018/pressreleasecodeathon1018.pdf

October 18, 2018 - St. Louis Fed's Bullard Suggests Modernizing Monetary Policy Rules - Federal Reserve Bank of St. Louis President James Bullard gave remarks titled �Modernizing Monetary Policy Rules� to the Economic Club of Memphis on Thursday. www.stlouisfed.org/news-releases/2018/10/18/bullard-suggests-modernizing-monetary-policy-rules

October 18, 2018 - Speech by Vice Chairman for Supervision Quarles on an optimistic assessment of the economic outlook and monetary policy At the Economic Club of New York Luncheon, New York, New York.  www.federalreserve.gov/newsevents/speech/quarles20181018a.htm

October 18, 2018 - ncua - Risk-Based Capital Rule to Become Effective in 2020; Asset Threshold Raised.  www.ncua.gov/newsroom/Pages/news-2018-oct-risk-based-capital-rule-effective-2020-asset-threshold-raised.aspx

October 17, 2018 - Chicago Fed Makes Working Mother Top 100 List - The Federal Reserve Bank of Chicago earned a spot on Working Mother magazine�s 2018 100 Best Companies list for its benefits and policies that support working families. www.chicagofed.org/careers/benefits/working-mother-2018

October 17, 2018 - Preventing the Next State Budget Crisis: A Conference Summary By Rick Mattoon - On September 17, 2018, over 100 researchers, academics, policymakers, and business people gathered at the Federal Reserve Bank of Chicago to explore strategies and methods for improving state fiscal stability and performance while promoting budgetary transparency. www.chicagofed.org/publications/chicago-fed-letter/2018/402

October 17, 2018 - U.S. Economy in High Gear, but Ag Stuck in Neutral By Nathan Kauffman Federal Reserve Bank of Kansas City.   www.kansascityfed.org/~/media/files/publicat/speeches/2018/2018_kauffman_ne_outlook_10-17.pdf

October 17, 2018 - The KC Fed LMCI suggest the level of activity declined and momentum remained high in September - The level of activity indicator decreased in September from 1.05 to 0.89, while the momentum indicator was little changed at 1.43. https://www.kansascityfed.org/~/media/files/publicat/newsroom/2018/pressrelease_lmci_sept2018.pdf 

October 17, 2018 - Revised Interagency Examination Procedures for Regulation CC - These revised examination procedures supersede the examination procedures transmitted with CA Letter 04-9. www.federalreserve.gov/supervisionreg/caletters/caltr1808.htm

October 17, 2018 - Speech by Governor Brainard on fintech and the search for full stack financial inclusion At the FinTech, Financial Inclusion -- and the Potential to Transform Financial Services Hosted by the Federal Reserve Bank of Boston and the Aspen Institute Financial Security Program, Boston, Massachusetts www.federalreserve.gov/newsevents/speech/brainard20181017a.htm

October 17, 2018 - Minutes of the Federal Open Market Committee, September 25-26, 2018 - A summary of economic projections made by Federal Reserve Board members and Reserve Bank presidents for the meeting is also included as an addendum to these minutes. www.federalreserve.gov/newsevents/pressreleases/monetary20181017a.htm

October 17, 2018 - Federal Reserve Board announces approval of application by Old National Bancorp.  www.federalreserve.gov/newsevents/pressreleases/bcreg20181017a.htm

October 16, 2018 - Teachers Tour St. Louis Fed�s Economy Museum - Teachers from the greater St. Louis area stopped by the Federal Reserve Bank of St. Louis recently for the first-ever Museum Econ Ed Teacher Open House. www.stlouisfed.org/news-releases/2018/10/16/teachers-tour-st-louis-fed-economy-museum

October 16, 2018 - The Federal Reserve, the Federal Deposit Insurance Corporation, and the Office of the Comptroller of the Currency are issuing the attached Frequently Asked Questions on the Appraisal Regulations and the Interagency Appraisal and Evaluation Guidelines to clarify certain aspects of the agencies' appraisal regulations and to consolidate some of the interagency frequently asked questions from a previous release issued in 2005.
Press Release: www.federalreserve.gov/supervisionreg/srletters/SR1809.htm
Press Release: www.fdic.gov/news/news/financial/2018/fil18062.html
Press Release: www.occ.treas.gov/news-issuances/bulletins/2018/bulletin-2018-39.html

October 16, 2018 - Statistical Release - Industrial Production and Capacity Utilization - G.17 - Industrial production increased 0.3 percent in September, about the same rate of change as in the previous two months. Output growth in September was held down slightly by Hurricane Florence, with an estimated effect of less than 0.1 percentage point. www.federalreserve.gov/releases/g17/Current/default.htm

October 16, 2018 - Federal Reserve Payments Study finds U.S. payments fraud a small but growing fraction of overall payments - The value of fraudulent noncash payments in the United States rose significantly between 2012 and 2015--outpacing growth in noncash payments overall, according to a new report based on Federal Reserve Payments Study data. www.federalreserve.gov/newsevents/pressreleases/other20181016a.htm

October 16, 2018 - Federal Reserve Board announces termination of enforcement action with The Royal Bank of Scotland Group, PLC, Edinburgh, Scotland and The Royal Bank of cotland PLC.   www.federalreserve.gov/newsevents/pressreleases/enforcement20181016a.htm

October 15, 2018 - Comptroller�s Handbook: Updated Booklets and Rescissions - The Office of the Comptroller of the Currency today issued updates to the �Agricultural Lending,� �Oil and Gas Exploration and Production Lending,� and �Trade Finance and Services� booklets of the Comptroller�s Handbook, which are used by examiners in their examination and supervision of these areas. www.occ.treas.gov/news-issuances/bulletins/2018/bulletin-2018-38.html

October 15, 2018 - Consolidated Reports of Condition and Income - The Consolidated Reports of Condition and Income for the September 30, 2018, report date must be submitted to the agencies' Central Data Repository by Tuesday, October 30, 2018. Certain institutions with foreign offices have an additional five calendar days to file their reports. www.fdic.gov/news/news/financial/2018/fil18061.html

October 15, 2018 - FDIC Enhances Tool to Prevent Elder Financial Exploitation - The Federal Deposit Insurance Corporation today announced the release of a Spanish-language version of Money Smart for Older Adults. The curriculum, now offered in English and Spanish, has been updated to provide new information and resources to help older adults and their caregivers recognize and prevent fraud, scams, and other types of financial exploitation. www.fdic.gov/news/news/press/2018/pr18075.html

October 15, 2018 - Chairman Powell to host town hall meeting with educators - Federal Reserve Board Chairman Jerome H. Powell will host a town hall meeting with educators from across the country on February 6, 2019. www.federalreserve.gov/newsevents/pressreleases/other20181015a.htm

October 12, 2018 - NCUA - Radio, Television and Communication Federal Credit Union Closes - Palisades Federal Credit Union of Pearl River, New York, immediately assumed most of Radio, Television and Communication Federal Credit Union�s assets and all members, shares, and loans. www.ncua.gov/newsroom/Pages/news-2018-oct-radio-television-communication-federal-credit-union-closes.aspx

October 12, 2018 - NCUA Chairman McWatters� Statement Congratulating Sarah Vega - National Credit Union Administration Chairman J. Mark McWatters today congratulated Chief of Staff Sarah Vega on her selection as President and Chief Executive Officer of the Cooperative Credit Union Association and thanked her for her long and valuable service to the NCUA: www.ncua.gov/newsroom/Pages/news-2018-oct-ncua-chairman-mcwatters-statement-congratulating-sarah-vega.aspx

October 12, 2018 - Consolidated Reports of Condition and Income for Third Quarter 2018 - The attached materials pertain to the Consolidated Reports of Condition and Income for the September 30, 2018, report date. Please plan to complete as early as possible the preparation, editing, and review of your institution�s Call Report data and the submission of these data to the agencies� Central Data Repository. www.fdic.gov/news/news/financial/2018/fil18060.html

October 12, 2018 - The Relationship between Macroeconomic Overheating and Financial Vulnerability: A Quantitative Exploration - Elena Afanasyeva, Seung Jung Lee, Michele Modugno, Francisco Palomino - With the national unemployment rate running below 4 percent, the possibility that an overheated economy could lead to financial imbalances, which in turn could generate or amplify economic distress, has become more salient. www.federalreserve.gov/econres/notes/feds-notes/relationship-between-macroeconomic-overheating-and-financial-vulnerability-quantitative-20181012.htm

October 12, 2018 - The Relationship between Macroeconomic Overheating and Financial Vulnerability: A Narrative Investigation - Elena Afanasyeva, Seung Lee, Michele Modugno, Francisco Palomino - An overheated economy has the potential to lead to financial imbalances, which in turn could generate or amplify economic distress. www.federalreserve.gov/econres/notes/feds-notes/relationship-between-macroeconomic-overheating-and-financial-vulnerability-narrative-20181012.htm

October 12, 2018 - Credit and Liquidity Programs and the Balance Sheet - Recent balance sheet trends, weekly chart update.  www.federalreserve.gov/monetarypolicy/bst_recenttrends.htm

October 12, 2018 - Accounting for Reinsurance Transactions in the Financial Accounts of the United States - Michael Batty - Reinsurance is often described as insurance for insurance companies. Beginning with the 2018:Q2 release, we now document reinsurance transactions in the Financial Accounts of the United States. www.federalreserve.gov/econres/notes/feds-notes/accounting-for-reinsurance-transactions-in-the-financial-accounts-of-the-united-states-20181012.htm 

October 12, 2018 - Federal Reserve Board announces approval of applications by Security Trust & Savings Bank.  www.federalreserve.gov/newsevents/pressreleases/bcreg20181012a.htm _____________

October 11, 2018 - Thoughts on the U.S. Economy, Monetary Policy and Energy Sector Dynamics By Esther George President and Chief Executive Officer Federal Reserve Bank of Kansas City.  www.kansascityfed.org/~/media/files/publicat/speeches/2018/2018-george-tulsa-10-10.pdf

October 11, 2018 - How Can We Measure the Value of a Home? Comparing Model-Based Estimates with Owner-Occupant Estimates - Raven Molloy and Eric Nielsen - Housing is difficult to value because homes have a wide variety of characteristics and they trade infrequently. A common method of valuing homes is to ask owner-occupants what they think their home is worth. www.federalreserve.gov/econres/notes/feds-notes/comparing-model-based-estimates-with-owner-occupant-estimates-20181011.htm

October 11, 2018 - Reliably Computing Nonlinear Dynamic Stochastic Model Solutions: An Algorithm with Error Formulas - Gary S. Anderson - This paper provides a new technique for representing discrete time nonlinear dynamic stochastic time invariant maps. Using this new series representation, the paper augments the usual solution strategy with an additional set of constraints thereby enhancing algorithm reliability. www.federalreserve.gov/econres/feds/files/2018070pap.pdf

October 10, 2018 - Margin and Capital Requirements for Covered Swap Entities: Final Rule - 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 Federal Housing Finance Agency published a final rule in the Federal Register to amend their regulations regarding the minimum margin and capital requirements for registered swap dealers, major swap participants, security-based swap dealers, and major security-based swap participants. www.occ.treas.gov/news-issuances/bulletins/2018/bulletin-2018-37.html
 
October 10, 2018 - Amy Berg Joins St. Louis Fed�s Real Estate Industry Council - my Berg of St. Louis has been named to the Real Estate Industry Council of the Federal Reserve Bank of St. Louis. Berg is the president of construction services firm S. M. Wilson & Co. www.stlouisfed.org/news-releases/2018/10/10/amy-berg-joist-louis-fed-real-estate-industry-council

October 10, 2018 - Banker Teleconference Series: Consumer Compliance Provisions in the Economic Growth, Regulatory Relief, and Consumer Protection Act Timely and Comprehensive Information and Insights from the FDIC www.fdic.gov/news/news/financial/2018/fil18056.html

October 10, 2018 - FDIC Announces Subscription Alerts for Updates to Examination Manuals - The FDIC is offering FDIC-supervised institutions the ability to receive a notification when the agency's Examination Manuals are updated on the website. This service will help community banks remain current on changes in instructions provided to examination staff. www.fdic.gov/news/news/financial/2018/fil18057.html

October 10, 2018 - Home Mortgage Disclosure Act: Bureau of Consumer Financial Protection Interpretive and Procedural Rule on Partial Exemptions from HMDA Requirements www.fdic.gov/news/news/financial/2018/fil18058.html

October 10, 2018 - Regulatory Relief - Meeting the Financial Needs of Customers Affected by Hurricane Michael and its Aftermath - The FDIC encourages depository institutions to consider all reasonable and prudent steps to assist customers in communities affected by recent storms. www.fdic.gov/news/news/financial/2018/fil18059.html

October 10, 2018 - FDIC Announces New Members for the Advisory Committee on Community Banking - The Federal Deposit Insurance Corporation has announced the selection of seven new members for its Advisory Committee on Community Banking, which has been providing advice and recommendations to the FDIC on a broad range of community bank policy and regulatory matters since it was established in 2009. www.fdic.gov/news/news/press/2018/pr18073.html

October 10, 2018 - Federal and state financial regulatory agencies issue interagency statement on supervisory practices regarding financial institutions affected by Hurricane Michael.
Press Release: www.federalreserve.gov/newsevents/pressreleases/bcreg20181010a.htm
Press Release: www.fdic.gov/news/news/press/2018/pr18074.html
Press Release: www.occ.gov/news-issuances/news-releases/2018/nr-ia-2018-110.html
Press Release: www.ncua.gov/newsroom/Pages/news-2018-oct-interagency-statement-financial-institutions-affected-hurricane-michael.aspx

October 9, 2018 - Welcoming Remarks A speech presented on October 9, 2018, before the Opportunity Finance Network in Chicago. www.chicagofed.org/publications/speeches/2018/10-09-2018-welcoming-remarks-opportunity-finance-network

October 9, 2018 - NCUA Offers Information, Assistance to Credit Unions in Path of Hurricane Michael.  www.ncua.gov/newsroom/Pages/news-2018-oct-information-assistance-credit-unions-hurricane-michael.aspx

October 9, 2018 - NCUA Webinar Will Discuss Using a Narrative for Community Charter Applications - Credit unions can get valuable information about using a �well-defined local community� field-of-membership narrative for community charter applications on an Oct. 24 webinar hosted by the National Credit Union Administration. www.ncua.gov/newsroom/Pages/news-2018-oct-webinar-discuss-using-narrative-community-charter-applications.aspx

October 9, 2018 - OCC Allows National Banks and Federal Savings Associations Affected by Hurricane Michael in the Gulf Coast Region to Close. www.occ.gov/news-issuances/news-releases/2018/nr-occ-2018-109.html

October 8, 2018 - St. Louis Fed's Bullard Addresses the U.S. Growth Surprise - Federal Reserve Bank of St. Louis President James Bullard on Monday delivered the OMFIF Foundation City Lecture with remarks titled �Some Consequences of the U.S. Growth Surprise.� www.stlouisfed.org/news-releases/2018/10/08/bullard-addresses-us-growth-surprise

October 5, 2018 - NCUA - Ten Credit Unions Agree to Late-Filing Penalties for First Quarter of 2018. www.ncua.gov/newsroom/Pages/news-2018-oct-ten-credit-unions-late-filing-penalties.aspx

October 5, 2018 - FDIC to Hold 8th Annual Consumer Research Symposium in Arlington, Virginia - The conference will feature brief remarks by FDIC Chairman Jelena McWilliams, presentations of selected research papers, and a distinguished guest lecture on fairness in machine learning from Aaron Roth, Class of 1940 Bicentennial Term Associate Professor of Computer and Information Science, University of Pennsylvania. www.fdic.gov/news/news/press/2018/pr18072.html

October 5, 2018 - FDIC Issues List of Banks Examined for CRA Compliance - The list covers evaluation ratings that the FDIC assigned to institutions in July 2018. www.fdic.gov/news/news/press/2018/pr18071.html

October 5, 2018 - Statistical Release - Consumer Credit - G.19 - In August, consumer credit increased at a seasonally adjusted annual rate of 6-1/4 percent. Revolving credit increased at an annual rate of 5-1/2 percent, while nonrevolving credit increased at an annual rate of 6-1/2 percent. www.federalreserve.gov/releases/g19/current/default.htm

October 5, 2018 - Statistical Release - Large Commercial Banks.  www.federalreserve.gov/releases/lbr/current/default.htm

October 5, 2018 - Statistical Release - Minority-Owned Depository Institutions.  www.federalreserve.gov/releases/mob/current/default.htm

October 5, 2018 - Credit and Liquidity Programs and the Balance Sheet -Recent balance sheet trends, weekly chart update. www.federalreserve.gov/monetarypolicy/bst_recenttrends.htm

October 4, 2018 - 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, October 10. www.fdic.gov/news/news/press/2018/pr18070.html

October 4, 2018 - Senior Credit Officer Opinion Survey on Dealer Financing Terms - The September 2018 Senior Credit Officer Opinion Survey on Dealer Financing Terms collected qualitative information on changes over the previous three months in credit terms and conditions in securities financing and over-the-counter derivatives markets. www.federalreserve.gov/data/scoos/scoos_201809.htm
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October 4, 2018 - Bank Secrecy Act/Anti-Money Laundering: Interagency Statement on Sharing Bank Secrecy Act Resources - The Office of the Comptroller of the Currency, the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, the National Credit Union Administration, and the Financial Crimes Enforcement Network are publishing a statement to address instances in which banks may decide to enter into collaborative arrangements to share resources to manage their Bank Secrecy Act and anti-money laundering obligations more efficiently and effectively. www.occ.treas.gov/news-issuances/bulletins/2018/bulletin-2018-36.html

October 4, 2018 - OCC to Host Innovation Office Hours in Dallas - The Office of the Comptroller of the Currency today announced it will hold Innovation Office Hours, November 14-15, 2018, in Dallas, Texas, to promote responsible innovation in the federal banking system. www.occ.gov/news-issuances/news-releases/2018/nr-occ-2018-108.html

October 4, 2018 - Reasoning Behind Metro Areas Housing Markets - What Makes Them Cheap or Steep? - Contrary to popular belief, when looking at a local housing market, it�s not simply whether average home prices are below or above the national average.  www.stlouisfed.org/news-releases/2018/10/04/reasoning-behind-metro-areas-housing-markets-what-makes-them-cheap-or-steep 

October 4, 2018 - Speech by Vice Chairman for Supervision Quarles on trends in urban and rural community banks Speech by Vice Chairman for Supervision Quarles on trends in urban and rural community banks.  www.federalreserve.gov/newsevents/speech/quarles20181004a.htm

October 3, 2018 - Monetary Policy 2.0? - A speech presented on October 3, 2018, before the OMFIF City Lecture on the U.S. Economic Outlook in London, UK. www.chicagofed.org/publications/speeches/2018/10-03-2018-monetary-policy-2-0-omfif-london

October 3, 2018 - Federal Reserve and CSBS Release Findings from 2018 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 as part of the sixth annual Community Banking in the 21st Century research and policy conference, taking place today and tomorrow at the Federal Reserve Bank of St. Louis. www.stlouisfed.org/news-releases/2018/10/04/federal-reserve-and-csbs-release-findings-from-2018-national-survey-of-community-banks

October 3, 2018 - FDIC Chairman McWilliams Announces Transparency and Accountability Initiative - Federal Deposit Insurance Corporation Chairman Jelena McWilliams today announced a new, agency-wide "Trust through Transparency" initiative in a speech at the 2018 Community Banking in the 21st Century Research and Policy Conference in St. Louis, Missouri. www.fdic.gov/news/news/press/2018/pr18069.html

October 3, 2018 - Interagency Statement on Sharing Bank Secrecy Act Resources - The Federal Reserve, the Federal Deposit Insurance Corporation, the National Credit Union Administration, the Office of the Comptroller of the Currency, and the U.S. Department of Treasury's Financial Crimes Enforcement Network are issuing the attached interagency statement to address instances in which banks may decide to enter into collaborative arrangements to share resources to manage their Bank Secrecy Act/Anti-Money Laundering obligations more efficiently and effectively. www.federalreserve.gov/supervisionreg/srletters/sr1808.htm

October 3, 2018 - The Effect of Common Ownership on Profits: Evidence From the U.S. Banking Industry - Jacob Gramlich and Serafin Grundl - Theory predicts that "common ownership" can be anticompetitive because it reduces the weight firms place on their own profits and shifts weight toward rival firms held by common shareholders. www.federalreserve.gov/econres/feds/files/2018069pap.pdf 

October 3, 2018 - Updates to the Expanded Examination Cycle for Certain State Member Banks and U.S. Branches and Agencies of Foreign Banking Organizations - The Federal Reserve is issuing this letter to provide an update on recent changes to the criteria for state member banks and U.S. branches and agencies of foreign banks to be eligible for an expanded examination cycle of 18 months (as opposed to 12 months). www.federalreserve.gov/supervisionreg/srletters/sr1807.htm

October 3, 2018 - Speech by Governor Brainard on supporting fast payments for all At the Fed Payments Improvement Community Forum, Sponsored by the Federal Reserve Bank of Chicago, Chicago, Illinois.  www.federalreserve.gov/newsevents/speech/brainard20181003a.htm

October 3, 2018 - Federal agencies issue a joint statement on banks and credit unions sharing resources to improve efficiency and effectiveness of Bank Secrecy Act compliance -The federal depository institutions regulators and the U.S. Department of the Treasury's Financial Crimes Enforcement Network today issued a statement to address instances in which certain banks and credit unions may decide to enter into collaborative arrangements to share resources to manage their Bank Secrecy Act and anti-money laundering obligations more efficiently and effectively.
Press Release: www.federalreserve.gov/newsevents/pressreleases/bcreg20181003a.htm
Press Release: www.fdic.gov/news/news/press/2018/pr18068.html
Press Release: www.fdic.gov/news/news/financial/2018/fil18055.html
Press Release: www.occ.gov/news-issuances/news-releases/2018/nr-ia-2018-107.html
Press Release: www.ncua.gov/newsroom/Pages/news-2018-oct-joint-interagency-statement-sharing-bank-secrecy-act-resources.aspx

October 3, 2018 - Federal Reserve Board seeks public comment on potential actions to facilitate real-time interbank settlement of faster payments - The Federal Reserve Board on Wednesday invited public comment on actions the Federal Reserve could take to support faster payments in the United States. www.federalreserve.gov/newsevents/pressreleases/other20181003a.htm

October 2, 2018 - NCUA - McWatters: Congress Should Improve Credit Union Consumer Access, Cybersecurity - Congress could bolster consumer access and better protect credit unions and members by making legislative changes proposed today by NCUA Board Chairman J. Mark McWatters. www.ncua.gov/newsroom/Pages/news-2018-oct-mcwatters-congress-should-improve-credit-union-consumer-access.aspx

October 2, 2018 - Comptroller of the Currency Discusses Implementation of the Economic Growth Act - Comptroller of the Currency Joseph M. Otting today discussed the implementation of the Economic Growth, Regulatory Relief, and Consumer Protection Act of 2018 during testimony before the Senate Committee on Banking, Housing, and Urban Affairs. www.occ.gov/news-issuances/news-releases/2018/nr-occ-2018-105.html

October 2, 2018 - OCC Releases CRA Evaluations for 30 National Banks and Federal Savings Associations.  www.occ.gov/news-issuances/news-releases/2018/nr-occ-2018-106.html

October 2, 2018 - St. Louis Fed Study: The Bigger They Are, The Harder They Fall: The Decline of the White Working Class - A new study released by the Center for Household Financial Stability looks at the decline of the white working class, as measured by a broad set of indicators. www.stlouisfed.org/news-releases/2018/10/02/st-louis-fed-study-the-bigger-they-are-the-harder-they-fall-the-decline-of-the-white-working-class

October 2, 2018 - Proposed Revisions to the Consolidated Reports of Condition and Income and Other Regulatory Reports - In response to changes in the accounting for credit losses under the Financial Accounting Standards Board's Accounting Standards Update 2016-13, the banking agencies, under the auspices of the Federal Financial Institutions Examination Council, are requesting comment on proposed revisions to the Consolidated Reports of Condition and Income and certain other FFIEC reports. www.fdic.gov/news/news/financial/2018/fil18054.html

October 2, 2018 - Testimony by Vice Chairman for Supervision Randal K. Quarles - Implementation of the Economic Growth, Regulatory Relief, and Consumer Protection Act.   www.federalreserve.gov/newsevents/testimony/quarles20181002a.htm

October 2, 2018 - Speech by Chairman Powell on monetary policy and risk management at a time of low inflation and low unemployment At the "Revolution or Evolution? Reexamining Economic Paradigms" 60th Annual Meeting of the National Association for Business Economics, Boston, Massachusetts.  www.federalreserve.gov/newsevents/speech/powell20181002a.htm

October 1, 2018 - LOMTO Federal Credit Union Closes; Teachers Federal Credit Union Assumes Members, Most Shares, and Some Loans - The National Credit Union Administration on Sept. 30 liquidated LOMTO Federal Credit Union of Woodside, New York. www.ncua.gov/newsroom/Pages/news-2018-oct-lomto-fcu-closes-teachers-fcu-assumes-members.aspx

October 1, 2018 - Small business lending conditions are stable with some tightening of credit terms - The Federal Reserve Bank of Kansas City today released the results from the Second Quarter 2018 national Small Business Lending Survey. www.kansascityfed.org/~/media/files/publicat/newsroom/2018/q2smallbusinessfinaldocx.pdf

October 1, 2018 - Sylvain Leduc Appointed Executive Vice President and Director of Research at the Federal Reserve Bank of San Francisco - In this capacity, Leduc will oversee all research and analysis functions that support the development of monetary policy and that help further understanding of the economy nationally and globally. www.frbsf.org/our-district/press/news-releases/2018/sylvain-leduc-appointed-executive-vice-president-and-director-of-research/

October 1, 2018 - Request for Information on FDIC Communication and Transparency - On October 1, 2018, the Federal Deposit Insurance Corporation issued a Request for Information seeking comments and information from interested parties on the FDIC's communication methods and related initiatives. www.fdic.gov/news/news/financial/2018/fil18053.html

October 1, 2018 - FDIC Requests Information on Improving Communication with Banks and Other Stakeholders - The Federal Deposit Insurance Corporation today announced that it is seeking comments on how the agency can maximize efficiency and minimize burden when communicating information to insured depository institutions, consumers, and others, about laws, rules, and related matters. www.fdic.gov/news/news/press/2018/pr18067.html

October 1, 2018 - FDIC Releases Report on Small Business Lending Survey - The Federal Deposit Insurance Corporation today published a report on the findings of its Small Business Lending Survey, which collected data on how banks conduct their lending to small businesses.  www.fdic.gov/news/news/press/2018/pr18066.html

October 1, 2018 - Testimony by Vice Chairman for Supervision Randal K. Quarles - Implementation of the Economic Growth, Regulatory Relief, and Consumer Protection Act Before the Committee on Banking, Housing, and Urban Affairs, U.S. Senate, Washington, D.C. www.federalreserve.gov/newsevents/testimony/quarles20181002a.htm

October 1, 2018 - Statistical Release - Foreign Exchange Rates - G.5 - The table below shows the average rates of exchange in SEPTEMBER 2018 together with comparable figures for other months. www.federalreserve.gov/releases/g5/current/default.htm

October 1, 2018 - Federal Reserve Board announces approval of application by Abanca Corporaci�n Bancaria, S.A. www.federalreserve.gov/newsevents/pressreleases/orders20181001a.htm