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Any business that is in process, has been scheduled, or otherwise setup will have to be delayed until the first of next year. _______________ October 22, 2020 - 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 26, 2020. 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/20201026closed.htm October 22, 2020 - Business Exit During the COVID-19 Pandemic: Non-Traditional Measures in Historical Context - Leland D. Crane, Ryan A. Decker, Aaron Flaaen, Adrian Hamins-Puertolas, and Christopher Kurz - Given lags in official data releases, economists have studied "alternative data" measures of business exit resulting from the COVID-19 pandemic. www.federalreserve.gov/econres/feds/business-exit-during-the-covid-19-pandemic.htm October 22, 2020 - Federal Reserve Board fines the Goldman Sachs Group, Inc. $154 million for failure to maintain appropriate oversight, internal controls, and risk management with respect to 1Malaysia Development Berhad. www.federalreserve.gov/newsevents/pressreleases/enforcement20201022a.htm October 21, 2020 - The Dynamics of Adverse Selection in Privately-Produced Safe Debt Markets - Nathan Foley-Fisher, Gary Gorton, and St�phane Verani - Privately-produced safe debt is designed so that there is no adverse selection in trade. www.federalreserve.gov/econres/feds/the-dynamics-of-adverse-selection-in-privately-produced-safe-debt-markets.htm October 21, 2020 - Electricity Demand as a High-Frequency Economic Indicator: A Case Study of the COVID-19 Pandemic and Hurricane Harvey - Joshua Blonz and Jacob Williams - Electricity is used by all businesses in the United States. www.federalreserve.gov/econres/notes/feds-notes/electricity-demand-as-a-high-frequency-economic-indicator-20201021.htm October 21, 2020 - The Effects of the COVID-19 Shutdown on the Consumer Credit Card Market: Revolvers versus Transactors - Robert Adams and Vitaly Bord - The consumer credit card market has experienced dramatic, unprecedented changes in the wake of the COVID-19 shutdown of the U.S. economy. www.federalreserve.gov/econres/notes/feds-notes/the-effects-of-the-covid-19-shutdown-on-the-consumer-credit-card-market-revolvers-versus-transactors-20201021.htm October 21, 2020 - 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 21, 2020. Matter(s) considered: Discussion of Semiannual Financial Stability Report. www.federalreserve.gov/aboutthefed/boardmeetings/20201021closed.htm October 21, 2020 - Speech by Governor Brainard on achieving a broad-based and inclusive recovery Governor Lael Brainard At the "Post-COVID�Policy Challenges for the Global Economy" Society of Professional Economists Annual Online Conference (via webcast). www.federalreserve.gov/newsevents/speech/brainard20201021a.htm October 21, 2020 - Federal Reserve Board announces approval of application by Allfunds Bank S.A.U. - The Federal Reserve Board on Wednesday announced the approval of the application by Allfunds Bank S.A.U., Madrid, Spain, to establish a representative office in Miami, Florida pursuant to section 10(a) of the International Banking Act of 1978. www.federalreserve.gov/newsevents/pressreleases/orders20201021a.htm October 20, 2020 - Oklahoma Economic Forum By Chad Wilkerson Oklahoma City Branch Executive & Economist. www.kansascityfed.org/~/media/files/publicat/speeches/2020/2020_wilkerson_economic_forum_10-20.pdf October 20, 2020 - Net Stable Funding Ratio: Liquidity Risk Measurement Standards and Disclosure Requirements - The Federal Deposit Insurance Corporation, Office of the Comptroller of the Currency and the Board of Governors of the Federal Reserve System are adopting a final rule to implement the Net Stable Funding Ratio. www.fdic.gov/news/financial-institution-letters/2020/fil20098.html October 20, 2020 - The FDIC Approves Interim Final Rule to Provide Temporary Relief from Part 363 Audit and Reporting Requirements - Due to recent disruptions in economic conditions, some insured depository institutions have experienced large cash inflows resulting from participation in the Paycheck Protection Program, the Money Market Mutual Fund Liquidity Facility, and the Paycheck Protection Program Liquidity Facility, or due to other factors such as the effects of other government stimulus efforts. www.fdic.gov/news/press-releases/2020/pr20114.html October 20, 2020 - Speech by Vice Chair for Supervision Quarles on the Financial Stability Board�s roadmap for addressing NBFI vulnerabilities At the Securities Industry and Financial Markets Association Annual Meeting (via webcast). www.federalreserve.gov/newsevents/speech/quarles20201020a.htm October 20, 2020 - Speech by Governor Brainard on modernizing and strengthening CRA regulations: A conversation with the housing community At the National Housing Conference National Advisory Council Meeting. www.federalreserve.gov/newsevents/speech/brainard20201020a.htm October 20, 2020 - Agencies issue final rule to strengthen resilience of large banks - The federal bank regulatory agencies on Tuesday finalized a rule strengthening the resilience of large banks by requiring them to maintain a minimum level of stable funding over a one-year period. Press Release: www.federalreserve.gov/newsevents/pressreleases/bcreg20201020b.htm Press Release: www.fdic.gov/news/press-releases/2020/pr20116.html Press Release: www.occ.gov/news-issuances/news-releases/2020/nr-ia-2020-138.html October 20, 2020 - Agencies finalize rule to reduce the impact of large bank failures - The federal bank regulatory agencies today finalized a rule to limit the interconnectedness and reduce the impact from failure of the largest banking organizations. Press Release: www.federalreserve.gov/newsevents/pressreleases/bcreg20201020a.htm Press Release: www.fdic.gov/news/press-releases/2020/pr20115.html Press Release: www.occ.gov/news-issuances/news-releases/2020/nr-ia-2020-137.html October 20, 2020 - Federal Reserve Board issues enforcement action with employee of First Savings Bank - Consent cease and desist order against Weldon Riggs, an employee of First Savings Bank, Jeffersonville, Indiana, for engaging in unsafe and unsound practices while supervising a loan production office. www.federalreserve.gov/newsevents/pressreleases/enforcement20201020a.htm October 20, 2020 - NCUA - Chairman Hood Reinforces Commitment to Financial Inclusion, Launches ACCESS Initiative - National Credit Union Administration Chairman Rodney E. Hood today reinforced his commitment to financial inclusion by announcing the launch of the agency�s new Advancing Communities through Credit, Education, Stability, and Support, or ACCESS, initiative. www.ncua.gov/newsroom/press-release/2020/chairman-hood-reinforces-commitment-financial-inclusion-launches-access-initiative October 19, 2020 - Chairman Hood Reinforces Commitment to Financial Inclusion, Launches ACCESS Initiative. www.ncua.gov/newsroom/press-release/2020/chairman-hood-reinforces-commitment-financial-inclusion-launches-access-initiative October 19, 2020 - NCUA Chairman Rodney E. Hood Remarks at the Hope Global Forum. www.ncua.gov/newsroom/speech/2020/ncua-chairman-rodney-e-hood-remarks-hope-global-forum October 19, 2020 - FDIC Survey Shows 95 Percent of U.S. Households Were Banked in 2019 - A record 95 percent of U.S. households had a bank or credit union account in 2019, according to a new biennial survey and report released today by the Federal Deposit Insurance Corporation. www.fdic.gov/news/press-releases/2020/pr20113.html October 19, 2020 - 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 21, 2020. Matter(s) considered: Discussion of Semiannual Financial Stability Report. www.federalreserve.gov/aboutthefed/boardmeetings/20201021closed.htm October 19, 2020 - Speech by Vice Chair Clarida on the U.S. economic outlook, monetary policy, and initiatives to sustain the flow of credit to households and firms. www.federalreserve.gov/newsevents/speech/clarida20201019a.htm October 16, 2020 - Kansas City Fed appoints new Community Depository Institutions Advisory Council members - The Federal Reserve Bank of Kansas City announced the following appointments to its Community Depository Institutions Advisory Council. www.kansascityfed.org/newsroom/newsreleases/2020/cdiac October 16, 2020 - FDIC Publishes Resource Guide to Promote Investment Partnerships With FDIC-Insured Minority Banks and Community Development Financial Institutions - The Federal Deposit Insurance Corporation today published a new resource guide to promote private and philanthropic investment partnerships with FDIC-insured Minority Depository Institutions and Community Development Financial Institution banks. www.fdic.gov/news/press-releases/2020/pr20111.html October 16, 2020 - FDIC Advisory Committee to Discuss Results of 2019 Survey of Households Use of Banking and Financial Services - The Federal Deposit Insurance Corporation Advisory Committee on Economic Inclusion will meet on Thursday, October 22, at 1:00 p.m. ET to discuss the results of How America Banks: www.fdic.gov/news/press-releases/2020/pr20110.html October 16, 2020 - Beyond imports: the supply chain effects of trade protection on export growth - Kyle Handley, Fariha Kamal, Ryan Monarch - The United States imposed a series of wide-ranging increases in import tariffs from 2018 through 2019. www.federalreserve.gov/econres/notes/feds-notes/beyond-imports-the-supply-chain-effects-of-trade-protection-on-export-growth-20201016.htm October 16, 2020 - Credit and Liquidity Programs and the Balance Sheet - Recent balance sheet trends, weekly chart update. www.federalreserve.gov/monetarypolicy/bst_recenttrends.htm October 16, 2020 - Statistical Release - Industrial Production and Capacity Utilization - G.17 - Industrial production fell 0.6 percent in September, its first decline after four consecutive months of gains. The index increased at an annual rate of 39.8 percent for the third quarter as a whole. www.federalreserve.gov/releases/g17/Current/ October 15, 2020 - NCUA - Board Proposes Changes to Derivatives Rule; Approves Final Corporate Rule - The NCUA Board approved a proposed rule that amends the agency�s derivatives rule in Subpart B to Part 703 to allow more flexibility for federal credit unions to manage their interest rate risk through these financial instruments. www.ncua.gov/newsroom/press-release/2020/board-proposes-changes-derivatives-rule-approves-final-corporate-rule October 15, 2020 - NCUA Board Member J. Mark McWatters Statement on Final Rule, Part 704, Corporate Credit Unions. www.ncua.gov/newsroom/speech/2020/ncua-board-member-j-mark-mcwatters-statement-final-rule-part-704-corporate-credit-unions October 15, 2020 - NCUA Board Member J. Mark McWatters Statement on the Proposed Rule, Part 703, Derivatives. www.ncua.gov/newsroom/speech/2020/ncua-board-member-j-mark-mcwatters-statement-proposed-rule-part-703-derivatives October 15, 2020 - NCUA Board Member Todd M. Harper Statement on Cybersecurity Board Briefing. www.ncua.gov/newsroom/speech/2020/ncua-board-member-todd-m-harper-statement-cybersecurity-board-briefing October 15, 2020 - NCUA Board Member Todd M. Harper Derivatives Rule Update Notice of Proposed Rulemaking www.ncua.gov/newsroom/speech/2020/ncua-board-member-todd-m-harper-derivatives-rule-update-notice-proposed-rulemaking October 15, 2020 - FDIC Selects 14 Companies in Tech Sprint to Modernize Bank Financial Reporting - The objective of the Rapid Prototyping Competition is to develop technology for a timelier and less burdensome financial reporting process. www.fdic.gov/news/press-releases/2020/pr20109.html October 15, 2020 - Modernizing and Strengthening CRA Regulations: A Conversation with Minority Depository Institutions Governor Lael Brainard To the National Bankers Association (via webcast). www.federalreserve.gov/newsevents/speech/brainard20201015a.htm _________________________ October 15, 2020 - Regulatory Capital Rule: Temporary Changes to and Transition for the Community Bank Leverage Ratio Framework : Final Rule - The Office of the Comptroller of the Currency, along with the Board of Governors of the Federal Reserve System and the Federal Deposit Insurance Corporation, published a final rule in the Federal Register on October 9, 2020, that adopts without change two interim final rules: �Temporary Changes to the Community Bank Leverage Ratio Framework� and �Transition for the Community Bank Leverage Ratio Framework.� www.occ.gov/news-issuances/bulletins/2020/bulletin-2020-89.html October 15, 2020 - OCC Enforcement Actions and Terminations - The Office of the Comptroller of the Currency today released new enforcement actions taken against national banks, federal savings associations, and individuals currently and formerly affiliated with national banks and federal savings associations. www.occ.gov/news-issuances/news-releases/2020/nr-occ-2020-136.html October 15, 2020 - FDIC Selects 14 Companies in Tech Sprint to Modernize Bank Financial Reporting - The Federal Deposit Insurance Corporation today announced the selection of 14 technology companies to compete in the next phase of the agency�s Rapid Prototyping Competition, a tech sprint designed to develop an innovative new approach to financial reporting, particularly for community banks. www.fdic.gov/news/press-releases/2020/pr20109.html October 15, 2020 - Statistical Release Finance Companies - G.20. https://www.federalreserve.gov/releases/g20/current/default.htm October 15, 2020 - What Happened? What Have We Learned From It? Lessons from COVID-19 Stress on the Financial System Vice Chair for Supervision Randal K. Quarles At the Institute of International Finance, Washington, D.C. www.federalreserve.gov/newsevents/speech/quarles20201015a.htm October 15, 2020 - Federal Reserve Board issues enforcement action with M&T Bank. www.federalreserve.gov/newsevents/pressreleases/enforcement20201015a.htm October 15, 2020 - NCUA Chairman Rodney E. Hood Statement on Proposed Rule on Derivatives. www.ncua.gov/newsroom/speech/2020/ncua-chairman-rodney-e-hood-statement-proposed-rule-derivatives October 15, 2020 - NCUA Chairman Rodney E. Hood Opening Statement � October Board Meeting . www.ncua.gov/newsroom/speech/2020/ncua-chairman-rodney-e-hood-opening-statement-october-board-meeting October 14, 2020 - NCUA - Cybersecurity Awareness Month Reminds Consumers, Credit Unions of Potential Threats - During National Cybersecurity Awareness Month, the National Credit Union Administration reminds credit union industry stakeholders to remain vigilant and take steps to protect their systems and critical infrastructure. www.ncua.gov/newsroom/press-release/2020/cybersecurity-awareness-month-reminds-consumers-credit-unions-potential-threats October 14, 2020 - OCC Assesses $85 Million Civil Money Penalty Against USAA - The OCC took this action based on the bank�s failure to implement and maintain an effective compliance risk management program and an effective information technology risk governance program. www.occ.gov/news-issuances/news-releases/2020/nr-occ-2020-135.html October 14, 2020 - Consolidated Reports of Condition and Income for Third Quarter 2020 - The attached materials pertain to the Consolidated Reports of Condition and Income for the September 30, 2020, report date. www.fdic.gov/news/financial-institution-letters/2020/fil20097.html October 14, 2020 - The Stock Market�Real Economy "Disconnect": A Closer Look - Andrew Chen, Markus Ibert and Francisco Vazquez-Grande - Between March and September 2020, broad equity price indexes around the world experienced a historic rally. www.federalreserve.gov/econres/notes/feds-notes/the-stock-market-real-economy-disconnect-a-closer-look-20201014.htm October 14, 2020 - Macroeconomic news and stock prices over the FOMC cycle - Jack McCoy, Michele Modugno, Dino Palazzo, and Steve Sharpe - We develop novel macroeconomic surprise indexes to identify the impact of macroeconomic releases on aggregate stock market returns over the FOMC cycle. www.federalreserve.gov/econres/notes/feds-notes/macroeconomic-news-and-stock-prices-over-the-fomc-cycle-20201014.htm October 14, 2020 - Technology, Geography, and Trade over Time: The Dynamic Effects of Changing Trade Policy - Carter Mix - I study the dynamic effects of changes in trade policy in a multi-country model with firms that make durable and destination-specific investments in exporting capacity. www.federalreserve.gov/econres/ifdp/technology-geography-and-trade-over-time-the-dynamic-effects-of-changing-trade-policy.htm October 14, 2020 - Coronavirus Aid, Relief, and Economic Security Act Chair Jerome H. Powell Before the Committee on Financial Services, U.S. House of Representatives, Washington, D.C. www.federalreserve.gov/newsevents/testimony/powell20200922a.htm October 14, 2020 - U.S. Economic Outlook and Monetary Policy Vice Chair Richard H. Clarida At the 2020 Annual Membership Meeting of the Institute of International Finance, Washington, D.C. www.federalreserve.gov/newsevents/speech/clarida20201014a.htm October 14, 2020 - Federal Reserve requests public comment on technical, clarifying updates regarding the Federal Open Market Committee�s Rules Regarding Availability of Information, which describe its Freedom of Information Act procedures. www.federalreserve.gov/newsevents/pressreleases/other20201014a.htm October 13, 2020 - The Chicago Fed Survey of Business Conditions Activity Index decreased to +8 in September from +20 in August, suggesting that economic growth was near trend. The CFSBC Manufacturing Activity Index fell to +43 in September from +60 in August, and the CFSBC Nonmanufacturing Activity Index moved down to �10 in September from �2 in the previous month. www.chicagofed.org/~/media/publications/cfsbc/2020/cfsbc-october2020-pdf.pdf October 13, 2020 - Central Bank Communication with a Financial Stability Objective - David M. Arseneau - An endogenous financial crisis is introduced into the canonical model used to study central bank transparency. www.federalreserve.gov/econres/feds/central-bank-communication-with-a-financial-stability-objective.htm October 13, 2020 - Minutes of the Board's discount rate meetings from August 24 through September 16, 2020. www.federalreserve.gov/newsevents/pressreleases/monetary20201013a.htm October 9, 2020 - Regulatory Relief: Guidance to Help Financial Institutions and Facilitate Recovery in Areas of Florida Affected by Hurricane Sally. www.fdic.gov/news/financial-institution-letters/2020/fil20096.html October 9, 2020 - Bank Secrecy Act: Customer Identification Program Rule Exemption for Insurance Premium Finance Loans - The FDIC, the Board of Governors of the Federal Reserve System, the Office of the Comptroller of the Currency, and the National Credit Union Administration, collectively the federal banking agencies, with the concurrence of the Financial Crimes Enforcement Network, grant an exemption from the requirements of the customer identification program rules for loans extended by banks and their subsidiaries to all customers to facilitate purchases of property and casualty insurance policies. Press Release: www.fdic.gov/news/financial-institution-letters/2020/fil20095.html Press Release: www.occ.gov/news-issuances/bulletins/2020/bulletin-2020-88.html October 9, 2020 - Credit and Liquidity Programs and the Balance Sheet - Recent balance sheet trends, weekly chart update. www.federalreserve.gov/monetarypolicy/bst_recenttrends.htm October 9, 2020 - Government-Administered, General-Use Prepaid Cards, October 2020 - The Board's annual report to the Congress on the use of general-use prepaid cards in federal, state, and local government-administered payment programs and on the interchange fees and cardholder fees charged with respect to the use of those cards. www.federalreserve.gov/publications/government-prepaid-executive.htm October 9, 2020 - Banks, Non Banks, and Lending Standards - R. Matthew Darst, Ehraz Refayet, Alexandros Vardoulakis - We study how competition between banks and non-banks affects lending standards. Banks have private information about some borrowers and are subject to capital requirements to mitigate risk-taking incentives from deposit insurance. www.federalreserve.gov/econres/feds/banks-non-banks-and-lending-standards.htm October 9, 2020 - Interagency Order Granting an Exemption from Customer Identification Program Requirements for Loans Extended by Banks and Their Subsidiaries to All Customers to Facilitate Purchases of Property and Casualty Insurance Policies. www.federalreserve.gov/supervisionreg/srletters/SR2023.htm October 9, 2020 - ISDA IBOR Fallback Protocol and IBOR Fallback Supplement - The International Swaps and Derivatives Association recently announced an IBOR Fallback Protocol and IBOR Fallback Supplement. www.federalreserve.gov/supervisionreg/srletters/SR2022.htm October 8, 2020 - Regulatory Capital Rule: Eligible Retained Income : Final Rule - On October 8, 2020, the Office of the Comptroller of the Currency, the Board of Governors of the Federal Reserve System, and the Federal Deposit Insurance Corporation jointly issued a final rule that revises the definition of eligible retained income in the agencies� regulatory capital rule. www.occ.gov/news-issuances/bulletins/2020/bulletin-2020-87.html October 8, 2020 - OCC Assesses $60 Million Civil Money Penalty Against Morgan Stanley - The OCC took these actions based on the banks� failure to exercise proper oversight of the 2016 decommissioning of two Wealth Management business data centers located in the U.S. www.occ.gov/news-issuances/news-releases/2020/nr-occ-2020-134.html October 8, 2020 - FDIC to Host Inaugural Meeting of Advisory Committee of State Regulators - The Federal Deposit Insurance Corporation will convene the first meeting of its Advisory Committee of State Regulators on Wednesday, October 14th at 1:00 pm ET. www.fdic.gov/news/press-releases/2020/pr20108.html October 8, 2020 - Fire-Sale Vulnerabilities of Banks: Bank-Specific Risks under Stress and Credit Drawdowns - Chaehee Shin and Maddie White - One channel of shock propagation in the financial system is fire-sale-driven spillover that can take place through asset fire sales and the resulting effect of depressed asset prices on the value of firms' assets. www.federalreserve.gov/econres/notes/feds-notes/fire-sale-vulnerabilities-of-banks-bank-specific-risks-under-stress-and-credit-drawdowns-20201008.htm October 8, 2020 - Estimates of r* Consistent with a Supply-Side Structure and a Monetary Policy Rule for the U.S. Economy - Manuel Gonz�lez-Astudillo, Jean-Philippe Laforte - We estimate the natural rate of interest (r*) using a semi-structural model of the U.S. economy that jointly characterizes the trend and cyclical factors of key macroeconomic variables such as output, the unemployment rate, in ation, and short- and long-term interest rates. www.federalreserve.gov/econres/feds/estimates-of-r-consistent-with-supply-side-structure-and-monetary-policy-rule-US-economy.htm October 8, 2020 - Community Advisory Council, Record of Meeting - October 1, 2020 - The Community Advisory Council was formed by the Federal Reserve Board in 2015 to offer diverse perspectives on the economic circumstances and financial services needs of consumers and communities, with a particular focus on the concerns of low- and moderate-income populations. www.federalreserve.gov/aboutthefed/cac.htm ____________________________ October 8, 2020 - OCC Allows National Banks and Federal Savings Associations Affected by Hurricane Delta to Close - The Office of the Comptroller of the Currency today issued a proclamation allowing national banks, federal savings associations, and federal branches and agencies of foreign banks to close offices affected by Hurricane Delta at their discretion. www.occ.gov/news-issuances/news-releases/2020/nr-occ-2020-133.html October 8, 2020 - The Outlook for the Economy and Monetary Policy By Esther George President and CEO Federal Reserve Bank of Kansas City. www.kansascityfed.org/~/media/files/publicat/speeches/2020/2020-george-wichita-10-08.pdf October 8, 2020 - Report and Disclosures on Funding, Credit, Liquidity, and Loan Facilities - Periodic Report: Update on Outstanding Lending Facilities Authorized by the Board under Section 13(3) of the Federal Reserve Act. www.federalreserve.gov/publications/files/pdcf-mmlf-cpff-pmccf-smccf-talf-mlf-ppplf-msnlf-mself-msplf-nonlf-noelf-10-8-20.pdf October 6, 2020 - Investor Sentiment and the (Discretionary) Accrual-return Relation - Jiajun Jiang, Qi Liu, and Bo Sun - Discretionary accruals are positively associated with stock returns at the aggregate level but negatively so in the cross section. www.federalreserve.gov/econres/ifdp/investor-sentiment-and-the-discretionary-accrual-return-relation.htm October 6, 2020 - Recent Economic Developments and the Challenges Ahead Chair Jerome H. Powell At the National Association for Business Economics Virtual Annual Meeting. www.federalreserve.gov/newsevents/speech/powell20201006a.htm October 6, 2020 - Federal Reserve begins 2020 Census of Finance Companies and Other Lenders - The census is a key part of the Federal Reserve's effort to paint a complete picture of this important sector of the U.S. economy. www.federalreserve.gov/newsevents/pressreleases/other20201006a.htm October 5, 2020 - Fed's Evans Discusses the New Long-Run Monetary Policy Framework and Its Implications for the Path Ahead A speech presented virtually on October 5, 2020, at the 62nd National Association for Business Economics Annual Meeting. www.chicagofed.org/publications/speeches/2020/new-long-run-framework October 5, 2020 - Brave-Butters-Kelley Indexes - The Brave-Butters-Kelley Indexes are a research project of the Federal Reserve Bank of Chicago. The BBK Coincident and Leading Indexes and Monthly GDP Growth for the U.S. are constructed from a collapsed dynamic factor analysis of a panel of 500 monthly measures of real economic activity and quarterly real GDP growth. www.chicagofed.org/publications/bbki/index October 5, 2020 - Press Releases search results Register Now for Oct. 21 Webinar on Minority Depository Institutions and Financial Inclusion - Registration is now open for this webinar, �Pathways to Consumer Financial Well-Being: The Importance of Financial Inclusion and Minority Depository Institutions.� www.ncua.gov/newsroom/press-release/2020/register-now-oct-21-webinar-minority-depository-institutions-and-financial-inclusion October 5, 2020 - NCUA - Register Now for Oct. 21 Webinar on Minority Depository Institutions and Financial Inclusion - The National Credit Union Administration will host a webinar on financial inclusion and minority depository institutions on Oct. 21. www.ncua.gov/newsroom/press-release/2020/register-now-oct-21-webinar-minority-depository-institutions-and-financial-inclusion October 5, 2020 - Daniels Joins St. Louis Fed�s Transportation Industry Council - Condrad Daniels, president of Louisville, Ky.-based HJI Supply Chain Solutions, has been named to the Transportation Industry Council of the Federal Reserve Bank of St. Louis. www.stlouisfed.org/news-releases/2020/10/05/daniels-joins-transportation-industry-council October 5, 2020 - Waggoner Joins St. Louis Fed�s Transportation Industry Council - John Waggoner, vice chairman of Hornblower Group in New Albany, Ind., has been named to the Transportation Industry Council of the Federal Reserve Bank of St. Louis. www.stlouisfed.org/news-releases/2020/10/05/waggoner-joins-transportation-industry-council October 5, 2020 - FDIC Issues List of Banks Examined for CRA Compliance - The Federal Deposit Insurance Corporation today issued its list of state nonmember banks recently evaluated for compliance with the Community Reinvestment Act. www.fdic.gov/news/press-releases/2020/pr20107.html October 5, 2020 - 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 5, 2020. 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/20201005closed.htm October 2, 2020 - Implementing Monetary Policy in an �Ample-Reserves� Regime: When in Crisis - Jane Ihrig, Zeynep Senyuz, and Gretchen C. Weinbach - Note 1 and Note 2 in this three-part series described how the Federal Reserve implements monetary policy in normal times, with an ample quantity of reserves in the banking system. www.federalreserve.gov/econres/notes/feds-notes/implementing-monetary-policy-in-an-ample-reserves-regime-when-in-crisis-note-3-of-3-20201002.htm October 2, 2020 - FOIA - Chair Powell's calendar, August 2020. www.federalreserve.gov/foia/chairman-powell-calendar.htm October 2, 2020 - Household Debt Service and Financial Obligations Ratios - Household debt service payments and financial obligations as a percentage of disposable personal income; seasonally adjusted. www.federalreserve.gov/releases/housedebt/default.htm October 2, 2020 - Enhanced Financial Accounts, October 2020 update - These projects provide additional detail for selected areas of the Financial Accounts. www.federalreserve.gov/releases/efa/enhanced-financial-accounts.htm October 2, 2020 - Credit and Liquidity Programs and the Balance Sheet - Recent balance sheet trends, weekly chart update. www.federalreserve.gov/monetarypolicy/bst_recenttrends.htm October 1, 2020 - OCC Releases CRA Evaluations for 12 National Banks and Federal Savings Associations - The Office of the Comptroller of the Currency today released a list of Community Reinvestment Act performance evaluations that became public during the period of September 1, 2020 through September 30, 2020. www.occ.gov/news-issuances/news-releases/2020/nr-occ-2020-131.html October 1, 2020 - Foreign Exchange Rates -- G.5 Monthly - The table below shows the average rates of exchange in SEPTEMBER 2020 together with comparable figures for other months. Averages are based on daily noon buying rates for cable transfers in New York City certified for customs purposes by the Federal Reserve Bank of New York. www.federalreserve.gov/releases/g5/current/default.htm October 1, 2020 - Federal Reserve Board extends temporary actions aimed at increasing the availability of intraday credit extended by Federal Reserve Banks - The Federal Reserve Board on Thursday extended to March 31, 2021, temporary actions aimed at increasing the availability of intraday credit extended by Federal Reserve Banks on both a collateralized and uncollateralized basis. www.federalreserve.gov/newsevents/pressreleases/other20201001a.htm October 1, 2020 - Municipal Liquidity Facility Kent Hiteshew, Deputy Associate Director, Division of Financial Stability - Before the Congressional Oversight Commission, Washington, D.C. www.federalreserve.gov/newsevents/testimony/hiteshew20200917a.htm October 1, 2020 - Modernizing and Strengthening CRA Regulations: Hearing from Community Banks - Governor Lael Brainard To the Independent Community Bankers of America Fall Leadership Meeting (via webcast). www.federalreserve.gov/newsevents/speech/brainard20201001a.htm ________________ October 1, 2020 - Community Reinvestment Act : Small Bank Compliance Guide - The Office of the Comptroller of the Currency today issued three items required to support the implementation of the Community Reinvestment Act rule the agency issued on June 5, 2020 (2020 rule). www.occ.gov/news-issuances/bulletins/2020/bulletin-2020-86.html October 1, 2020 - Current Expected Credit Losses : Final Rule - The Office of the Comptroller of the Currency, the Board of Governors of the Federal Reserve System, and the Federal Deposit Insurance Corporation published a rule finalizing the interim final rule to delay the estimated impact on regulatory capital stemming from the implementation of Accounting Standards Update No. 2016-13, "Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments" by banks. https://www.occ.gov/news-issuances/bulletins/2020/bulletin-2020-85.html October 1, 2020 - OCC Releases Bank Supervision Operating Plan for Fiscal Year 2021 - The plan provides the foundation for policy initiatives and for supervisory strategies as applied to individual national banks, federal savings associations, federal branches, federal agencies, and technology service providers. www.occ.gov/news-issuances/news-releases/2020/nr-occ-2020-130.html October 1, 2020 - Membership Appointment Announced for the Federal Reserve Bank of San Francisco�s Community Advisory Council - The Federal Reserve Bank of San Francisco has announced the appointment of Luz Urrutia, chief executive officer of Accion Opportunity Fund, to the Bank�s Community Advisory Council. www.frbsf.org/our-district/press/news-releases/2020/membership-appointment-community-advisory-council-luz-urrutia/ October 1, 2020 - Membership Appointments Announced for the Federal Reserve Bank of San Francisco�s Economic Advisory Council - The Federal Reserve Bank of San Francisco has announced the appointments of Bob Hazleton, president of The Herrick Corporation; James Healy, founder of JFH Capital; Paul A. King, president and chief executive officer of Stanford Children�s Health and the Lucile Packard Children�s Hospital Stanford; and Sergio Retamal, chief executive officer of Global4P, to the Bank�s Economic Advisory Council. www.frbsf.org/our-district/press/news-releases/2020/membership-appointments-economic-advisory-council-bob-hazleton-james-healy-paul-a-king-sergio-retamal/ October 1, 2020 - Federal Reserve Board issues enforcement action with Atlantic Community Bankers Bank. www.federalreserve.gov/newsevents/pressreleases/enforcement20201001a.htm October 1, 2020 - Federal Reserve Board extends temporary actions aimed at increasing the availability of intraday credit extended by Federal Reserve Banks - The Federal Reserve Board on Thursday extended to March 31, 2021, temporary actions aimed at increasing the availability of intraday credit extended by Federal Reserve Banks on both a collateralized and uncollateralized basis. www.federalreserve.gov/newsevents/pressreleases/other20201001a.htm |
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