The E-mail Banking News
(Bank Regulatory News)

October 2021

Yennik, Inc. has clients in 43 states that rely on our cybersecurity audits to ensure proper Internet security settings and to meet the independent diagnostic test requirements of FDIC, OCC, FRB, and NCUA, which provides compliance with Gramm-Leach Bliley Act 501(b) s well as the penetration test complies with the FFIEC Cybersecurity Assessment Tool regarding resilience testing The cybersecurity penetration audit and Internet security testing is an affordable-sophisticated process than goes far beyond the simple scanning of ports.  The audit focuses on a hacker's perspective, which will help you identify real-world cybersecurity weaknesses.  For more information, give R. Kinney Williams a call today at Office/Cell 806-535-8300 or visit http://www.internetbankingaudits.com/.

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October 29, 2021 - Tenth District Services Activity Growth Continued at a Moderate Pace: Federal Reserve Bank of Kansas City Releases October Services Survey - Many firms continued to report supply chain issues, and a significant share of business contacts reported raising prices as a result of delivery time delays, transportation costs, and stronger demand for goods and services. www.kansascityfed.org/surveys/services-survey/tenth-district-services-activity-growth-continued-at-a-moderate-pace/

October 29, 2021 - 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. www.fdic.gov/news/press-releases/2021/pr21092.html

October 29, 2021 - Recent Postings Stub Credit and Liquidity Programs and the Balance Sheet - Recent balance sheet trends, weekly chart update.   www.federalreserve.gov/monetarypolicy/bst_recenttrends.htm

October 28, 2021 - Energy and the Economy: Opportunities and Challenges of the Energy Transition FRIDAY, NOVEMBER 5, 2021 - The Federal Reserve Banks of Dallas and Kansas City hold an annual joint energy conference, which focuses on the key drivers of oil and gas and their implications for the energy industry, the financial sector and the broader economy. www.kansascityfed.org/energy/energy-and-the-economy-opportunities-and-challenges-of-the-energy-transition/

October 28, 2021 - Tenth District Manufacturing Growth Edged Higher - Production and employment have continued to increase. However, more firms reported additional price increases and delivery time delays. www.kansascityfed.org/surveys/manufacturing-survey/tenth-district-manufacturing-growth-edged-higher/
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October 28, 2021 - Retail Lending: Revised Comptroller's Handbook Booklet and Rescissions - This booklet discusses risks associated with retail lending and provides a framework for examiners� evaluations of risk management activities. www.occ.gov/news-issuances/bulletins/2021/bulletin-2021-52.html

October 28, 2021 - Truth in Lending Act: Revised Interagency Examination Procedures and Rescissions - The Task Force on Consumer Compliance of the Federal Financial Institutions Examination Council1 has adopted revised interagency examination procedures for the Truth in Lending Act, implemented by Regulation Z. www.occ.gov/news-issuances/bulletins/2021/bulletin-2021-51.html

October 28, 2021 - Register today for Energy and the Economy - The annual energy conference focuses on the key drivers of oil and gas and their implications for the energy industry and broader economy. www.kansascityfed.org/energy/energy-and-the-economy-opportunities-and-challenges-of-the-energy-transition/

October 28, 2021 - From Gaps to Growth: Equity as a Path to Prosperity - Mary C. Daly, President and Chief Executive Officer Federal Reserve Bank of San Francisco UCLA Anderson Forecast Webinar. www.frbsf.org/our-district/press/presidents-speeches/mary-c-daly/2021/september/from-gaps-to-growth-equity-as-a-path-to-prosperity/

October 27, 2021 - NCUA Charters Capital Federal Credit Union - The National Credit Union Administration has granted a federal charter and National Credit Union Share Insurance Fund coverage to Capital Federal Credit Union in Lubbock, Texas. www.ncua.gov/newsroom/press-release/2021/ncua-charters-capital-federal-credit-union

October 27, 2021 - Federal Reserve Board invites public comment on a technical notice of review regarding primary dealers operating in Spain - Specifically, a bank owned by a Spanish parent company intends to acquire a domestic primary dealer. www.federalreserve.gov/newsevents/pressreleases/bcreg20211027a.htm

October 26, 2021 - OCC Issues Consent Order Against Cenlar FSB - The OCC took this action based on the bank�s failure to establish effective controls and risk management practices related to its mortgage servicing and subservicing activities. www.occ.gov/news-issuances/news-releases/2021/nr-occ-2021-111.html

October 26, 2021 - Community Reinvestment Act: Frequently Asked Questions Regarding Notice of Proposed Rulemaking to Rescind the OCC's June 2020 CRA Rule - The notice, which was published in the Federal Register on September 17, 2021, proposes that the June 2020 CRA rule largely be replaced with the rules adopted jointly by the OCC, the Board of Governors of the Federal Reserve System, and the Federal Deposit Insurance Corporation in 1995, as revised. www.occ.gov/news-issuances/bulletins/2021/bulletin-2021-50.html

October 26, 2021 - Acting Comptroller Discusses LIBOR Cessation and Replacement - Acting Comptroller of the Currency Michael J. Hsu today discussed the importance of maintaining trust in the banking system during the transition from LIBOR to replacement rates at the Alternative Reference Rates Committee Symposium. www.occ.gov/news-issuances/news-releases/2021/nr-occ-2021-110.html

October 25, 2021 - NCUA Board Announces 2022 Meeting Schedule - The National Credit Union Administration Board today released its monthly meeting schedule for 2022.   www.ncua.gov/newsroom/press-release/2021/ncua-board-announces-2022-meeting-schedule

October 25, 2021 - FDITECH Selects Three Teams in Sprint to help Banks Measure and Test Resiliency - The Federal Deposit Insurance Corporation today announced the selection of three teams in a �sprint� designed to explore new technologies and techniques to help community banks, and the banking sector as a whole, evaluate how well they can withstand a major disruption of any type. www.fdic.gov/news/press-releases/2021/pr21091.html

October 22, 2021 - OCC Assesses $4 Million Civil Money Penalty Against Trustmark National Bank For Violations of the Fair Housing Act - The OCC found that Trustmark National Bank denied residents of majority minority and high minority neighborhoods in Memphis equal access to mortgage loans. www.occ.gov/news-issuances/news-releases/2021/nr-occ-2021-109.html

October 22, 2021 - Final Rulemaking to Amend the Real Estate Lending Standards - On October 21, 2021, the FDIC Board of Directors adopted a final rule to amend the Interagency Guidelines for Real Estate Lending Policies to incorporate consideration of the capital framework established in the community bank leverage ratio rule into the method for calculating the ratio of loans in excess of the supervisory loan-to-value limits. www.fdic.gov/news/financial-institution-letters/2021/fil21071.html

October 22, 2021 - Wealth Inequality and the Racial Wealth Gap - Aditya Aladangady, and Akila Forde - In the United States, the average Black and Hispanic or Latino households earn about half as much as the average White household and own only about 15 to 20 percent as much net wealth. www.federalreserve.gov/econres/notes/feds-notes/wealth-inequality-and-the-racial-wealth-gap-20211022.htm

October 22, 2021 - Statistical Release - Finance Companies - G.20.   www.federalreserve.gov/releases/g20/current/g20.htm

October 22, 2021 - Report to the Congress - Government-Administered, General-Use Prepaid Cards, October 2021.  www.federalreserve.gov/publications/government-prepaid-executive.htm

October 22, 2021 - Credit and Liquidity Programs and the Balance Sheet - Recent balance sheet trends, weekly chart update.  www.federalreserve.gov/monetarypolicy/bst_recenttrends.htm

October 22, 2021 - Speech by Governor Michelle W. Bowman - The Lack of New Bank Formations is a Significant Issue for the Banking Industry At the 2021 Community Bankers Symposium: Banking on the Future, Federal Reserve Bank of Chicago, Chicago, Illinois.  www.federalreserve.gov/newsevents/speech/bowman20211022a.htm

October 21, 2021 - Statement of Chair Jerome H. Powell on the Financial Stability Oversight Council's Report on Climate-Related Financial Risk.   www.federalreserve.gov/newsevents/pressreleases/other20211021c.htm

October 21, 2021 - NCUA Board Approves Final Rules on CUSOs and CAMELS Rating System, Briefed on Cybersecurity - The NCUA Board unanimously approved a final rule that adds the �S� component to the existing CAMEL rating system, thus updating the rating system from CAMEL to CAMELS, and redefines the �L�. www.ncua.gov/newsroom/press-release/2021/ncua-board-approves-final-rules-cusos-and-camels-rating-system-briefed-cybersecurity

October 21, 2021 - Federal Reserve Board announces it will begin its Survey of Finance Companies this month as part of the Board�s continuing effort to improve its understanding of credit availability to households and businesses in the United States.  www.federalreserve.gov/newsevents/pressreleases/other20211021a.htm

October 21, 2021 - Federal Reserve Board announces a broad set of new rules that will prohibit the purchase of individual securities, restrict active trading, and increase the timeliness of reporting and public disclosure by Federal Reserve policymakers and senior staff.  www.federalreserve.gov/newsevents/pressreleases/other20211021b.htm

October 20, 2021 - Larger Livestock Loans Boost Farm Lending - Demand for livestock loans grew in the third quarter, boosting agricultural lending activity at commercial banks. www.kansascityfed.org/agriculture/agfinance-updates/Larger-Livestock-Loans-Boost-Farm-Lending/
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October 22, 2021 - Minutes of the Board's discount rate meetings from August 23 through September 22, 2021. www.federalreserve.gov/newsevents/pressreleases/files/monetary20211019a1.pdf

October 21, 2021 - Payment Systems: Revised Comptroller�s Handbook Booklet and Rescissions - The Office of the Comptroller of the Currency issued today the revised �Payment Systems� booklet of the Comptroller�s Handbook, which is prepared for use by OCC examiners in connection with the examination and supervision of national banks, federal savings associations, and federal branches and agencies of foreign banking organizations. www.occ.gov/news-issuances/bulletins/2021/bulletin-2021-49.html

October 21, 2021 - 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/2021/nr-occ-2021-107.html

October 21, 2021 - KC Fed LMCI Implies the Labor Market Is Closer to a Full Recovery than the Unemployment Rate Alone Suggests - By consolidating information from a broad range of labor market variables, the Kansas City Fed Labor Market Conditions Indicators provide a consistent gauge of labor market tightness. www.kansascityfed.org/research/economic-bulletin/kc-fed-lmci-implies-the-labor-market-is-closer-to-a-full-recovery-than-the-unemployment-rate-alone-suggests/

October 21, 2021 - 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 25, 2021.  www.federalreserve.gov/recentpostings.htm

October 21, 2021 - Relative prices and pure inflation since the mid-1990s - Hie Joo Ahn and Matteo Luciani - This paper decomposes consumer price inflation into pure inflation, relative price inflation, and idiosyncratic inflation by estimating a dynamic factor model � la Reis and Watson (2010) on a data set of 146 monthly disaggregated prices from 1995 to 2019. www.federalreserve.gov/econres/feds/relative-prices-and-pure-inflation-since-the-mid-1990s.htm

October 21, 2021 - NCUA Chairman Todd M. Harper Statement on the Final Rule on the CAMELS Rating System.  www.ncua.gov/newsroom/speech/2021/ncua-chairman-todd-m-harper-statement-final-rule-camels-rating-system

October 21, 2021 - NCUA Chairman Todd M. Harper Statement on Cybersecurity Briefing.  www.ncua.gov/newsroom/speech/2021/ncua-chairman-todd-m-harper-statement-cybersecurity-briefing

October 21, 2021 - NCUA Chairman Todd M. Harper Statement on Credit Union Service Organizations Final Rule.  www.ncua.gov/newsroom/speech/2021/ncua-chairman-todd-m-harper-statement-credit-union-service-organizations-final-rule

October 21, 2021 - NCUA Board Member Rodney E. Hood Statement on the Final Rule, Part 712, Credit Union Service Organizations.  https://www.ncua.gov/newsroom/speech/2021/ncua-board-member-rodney-e-hood-statement-final-rule-part-712-credit-union-service-organizations

October 20, 2021 - NCUA Issues Guidance, Announces Upcoming ECIP Action - Eligible low-income credit unions may accept 30-year subordinated debt investments from the U.S. Department of the Treasury�s Emergency Capital Investment Program, as detailed today in a letter to credit unions by the National Credit Union Administration. www.ncua.gov/newsroom/press-release/2021/ncua-issues-guidance-announces-upcoming-ecip-action

October 20, 2021 - Interest Rate Risk: Interest Rate Risk Statistics Report - The report presents interest rate risk data gathered during examinations of OCC-supervised midsize and community banks and federal savings associations. www.occ.gov/news-issuances/bulletins/2021/bulletin-2021-47.html

October 20, 2021 - Beige Book - Informal review by the Federal Reserve Banks of current economic conditions in their Districts.  www.federalreserve.gov/monetarypolicy/beige-book-default.htm

October 20, 2021 - Interagency Statement on Managing the LIBOR Transition - On October 20, 2021, the Board of Governors of the Federal Reserve System, Federal Deposit Insurance Corporation, Office of the Comptroller of the Currency, the National Credit Union Administration, and the Consumer Financial Protection Bureau issued a statement to emphasize the expectation that supervised institutions with LIBOR exposure continue to progress toward an orderly transition away from LIBOR.
Press Release: www.federalreserve.gov/supervisionreg/srletters/sr2117.htm
Press Release: www.fdic.gov/news/financial-institution-letters/2021/fil21070.html
Press Release: www.occ.gov/news-issuances/bulletins/2021/bulletin-2021-48.html

October 20, 2021 - Speech by Governor Quarles on the economic outlook Governor Randal K. Quarles At the 2021 Milken Institute Global Conference "Charting a New Course," Beverly Hills, California.  www.federalreserve.gov/newsevents/speech/quarles20211020a.htm

October 19, 2021 - 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 19, 2021 - Speech by Governor Waller on the economic outlook At the Stanford Institute for Economic Policy Research Associates Meeting, Stanford, California (via webcast).   www.federalreserve.gov/newsevents/speech/waller20211019a.htm

October 19, 2021 - Speech by Governor Bowman on diversity and economic recovery At the Women in Banking Symposium, Federal Reserve Bank of Richmond, Richmond, Virginia (via webcast).  www.federalreserve.gov/newsevents/speech/bowman20211019a.htm

October 19, 2021 - Minutes of the Board's discount rate meetings from August 23 through September 22, 2021.  www.federalreserve.gov/newsevents/pressreleases/monetary20211019a.htm

October 18, 2021 - LIBOR Transition: Updated Self-Assessment Tool for Banks - This bulletin provides an updated self-assessment tool for banks 1 to evaluate their preparedness for the cessation of the London Interbank Offered Rate. www.occ.gov/news-issuances/bulletins/2021/bulletin-2021-46.html

October 18, 2021 - A Dummy Test of Identification in Models with Bunching - Carolina Caetano, Gregorio Caetano, Hao Fe, and Eric Nielsen - We propose a simple test of the main identification assumption in models where the treatment variable takes multiple values and has bunching. www.federalreserve.gov/econres/feds/a-dummy-test-of-identification-in-models-with-bunching.htm

October 18, 2021 - Women's Labor Force Exits during COVID-19: Differences by Motherhood, Race, and Ethnicity - Katherine Lim and Mike Zabek - In this paper, we study declines in women�s labor force participation by race and ethnicity as well as the presence of children. www.federalreserve.gov/econres/feds/womens-labor-force-exits-during-covid-19-differences-by-motherhood-race-and-ethnicity

October 18, 2021 - Industrial Production and Capacity Utilization - G.17 - Industrial production fell 1.3 percent in September after moving down 0.1 percent in August; output was previously reported to have risen 0.4 percent in August. www.federalreserve.gov/releases/g17/current/default.htm

October 18, 2021 - Speech by Governor Quarles on financial stability and coordination in times of crisis At the Third Conference on Financial Stability, Madrid, Spain.   www.federalreserve.gov/newsevents/speech/quarles20211018a.htm

October 15, 2021 - OCC Releases Bank Supervision Operating Plan for Fiscal Year 2022 - 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. https://www.occ.gov/news-issuances/news-releases/2021/nr-occ-2021-106.html 

October 15, 2021 - Bill of Lading Data in International Trade Research with an Application to the COVID-19 Pandemic - Aaron Flaaen, Flora Haberkorn, Logan Lewis, Anderson Monken, Justin Pierce, Rosemary Rhodes, and Madeleine Yi - We evaluate high-frequency bill of lading data for its suitability in international trade research. www.federalreserve.gov/econres/feds/bill-of-lading-data-in-international-trade-research.htm

October 15, 2021 - Credit and Liquidity Programs and the Balance Sheet - Recent balance sheet trends, weekly chart update.  www.federalreserve.gov/monetarypolicy/bst_recenttrends.htm

October 15, 2021 - Bank Lending Conditions during the Pandemic - David Bodovski, Hannah Firestone, Seung Jung Lee, and Viktors Stebunovs - The COVID-19 pandemic has been a large shock to economies and financial systems around the world. www.federalreserve.gov/econres/notes/feds-notes/bank-lending-conditions-during-the-pandemic-20211015.htm

October 15, 2021 - Lessons from the History of the U.S. Regulatory Perimeter - Alexandros Vardoulakis, Asad Kudiya, Byoung Hwa Hwang, Courtney Demartini, Dan McGonegle, Gavin Smith, Jess Cheng, Katherine E. Di Lucido, Kathy Wilson, Jeffery Y. Zhang, Joseph Cox, Mary L. Watkins, Meg Donovan, Nicholas K. Tabor, Nick Ehlert, and Stacey L. Schreft - Banking organizations in the United States have long been subject to two broad categories of regulatory standards. www.federalreserve.gov/econres/notes/feds-notes/lessons-from-the-history-of-the-u-s-regulatory-perimeter-20211015.htm

October 14, 2021 - When Normalizing Monetary Policy, the Order of Operations Matters - As economic conditions in the United States continue to improve, the FOMC may consider normalizing monetary policy. www.kansascityfed.org/research/economic-bulletin/when-normalizing-monetary-policy-the-order-of-operations-matters/

October 14, 2021 - FDIC Releases New Tool to Build Financial Capability - This suite of 14 self-paced games and related resources is the newest addition to FDIC�s Money Smart product family. www.fdic.gov/news/financial-institution-letters/2021/fil21069.html
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October 14, 2021 - When Normalizing Monetary Policy, the Order of Operations Matters - As economic conditions in the United States continue to improve, the FOMC may consider normalizing monetary policy. www.kansascityfed.org/research/economic-bulletin/when-normalizing-monetary-policy-the-order-of-operations-matters/ 

October 13, 2021 - 2021 Community Bankers Symposium: Banking on the Future October 22, 2021 - We are pleased to announce the 15th Community Bankers Symposium, �Banking on the Future�, hosted by the Federal Reserve Bank of Chicago, the Office of the Comptroller of the Currency, the Federal Deposit Insurance Corporation, and the Conference of State Bank Supervisors on Friday, October 22, 2021. www.chicagofed.org/events/2021/community-bankers-symposium-2021

October 13, 2021 - Kansas City Fed Labor Market Conditions Indicators - The KC Fed LMCI suggests the level of activity declined slightly in September, while momentum was little changed. www.kansascityfed.org/data-and-trends/lmci/current-release/

October 13, 2021 - Desperate House Sellers: Distress Among Developers - Eileen van Straelen - Using granular data on home builder housing developments from the 2006-09 housing crisis, I show that builders spread house price shocks across geographically distinct projects via their internal capital markets. www.federalreserve.gov/econres/feds/desperate-house-sellers-distress-among-developers.htm

October 13, 2021 - Speech by Governor Bowman on monetary policy making and the economic outlook At the Dykhouse Scholar Program Speakers Series in Money, Banking, and Regulation South Dakota State University, Brookings, South Dakota www.federalreserve.gov/newsevents/speech/bowman20211013a.htm

October 13, 2021 - Speech by Governor Brainard on engaging tribal leaders on financial inclusion and the economic challenges of the pandemic At Fed Listens: Roundtable with Oklahoma Tribal Leaders, Oklahoma City, Oklahoma www.federalreserve.gov/newsevents/speech/brainard20211013a.htm

October 13, 2021 - Reports to Congress Pursuant to Section 13(3) of the Federal Reserve Act in response to COVID-19.  https://www.federalreserve.gov/publications/reports-to-congress-in-response-to-covid-19.htm

October 13, 2021 - Federal Reserve Board announces it has joined the Central Bank Network for Indigenous Inclusion, which will foster ongoing dialogue, research, and education to raise awareness of economic and financial issues and opportunities around Indigenous economies www.federalreserve.gov/newsevents/pressreleases/other20211013a.htm

October 13, 2021 - Minutes of the Federal Open Market Committee, September 21-22, 2021.  www.federalreserve.gov/newsevents/pressreleases/monetary20211013a.htm

October 12, 2021 - Fed Survey: COVID-19 Continues to Disrupt Economic Conditions in Low- to Moderate-Income Communities - A national Federal Reserve survey of organizations serving low- to moderate-income communities shows that 17 months into the COVID-19 pandemic, many conditions�from those involving small businesses to services for children - were still worse than they were before the pandemic. www.stlouisfed.org/news-releases/2021/10/12/fed-survey-covid-19-continues-to-disrupt-economic-conditions-in-communities

October 12, 2021 - Questions and Answers: The Information Content of the Post-FOMC Meeting Press Conference - Michiel De Pooter - Since 2011, the Chair of the Federal Reserve has held post-FOMC meeting press conferences. www.federalreserve.gov/econres/notes/feds-notes/questions-and-answers-the-information-content-of-the-post-fomc-meeting-press-conference-20211012.htm

October 12, 2021 - Speech by Vice Chair Clarida on the U.S. economic outlook and monetary policy At the 2021 Institute of International Finance Annual Membership Meeting: Sustainable Economic Growth and Financial Stability in a Diverging, Decarbonizing, Digitizing, Indebted World, Washington, D.C. (via webcast).   www.federalreserve.gov/newsevents/speech/clarida20211012a.htm

October 12, 2021 - Federal Reserve Board issues enforcement action with former employee of Banco Popular de Puerto Rico.   www.federalreserve.gov/newsevents/pressreleases/enforcement20211012a.htm

October 8, 2021 - Tenth District Energy Activity Accelerated - The Federal Reserve Bank of Kansas City released the third quarter External LinkEnergy Survey today.   www.kansascityfed.org/newsroom/2021-news-releases/tenth-district-energy-activity-accelerated/

October 8, 2021 - Federal Advisory Council, Record of Meeting - September 9, 2021 - The Federal Advisory Council which is composed of twelve representatives of the banking industry, consults with and advises the Board on all matters within the Board's jurisdiction. www.federalreserve.gov/aboutthefed/fac.htm

October 8, 2021 - Credit and Liquidity Programs and the Balance Sheet - Recent balance sheet trends, weekly chart update.  www.federalreserve.gov/monetarypolicy/bst_recenttrends.htm

October 7, 2021 - Statistical Release - Consumer Credit - G.19 - In August, consumer credit increased at a seasonally adjusted annual rate of 4 percent. www.federalreserve.gov/releases/g19/current/default.htm

October 7, 2021 - A Structural Measure of the Shadow Federal Funds Rate - Callum Jones, Mariano Kulish, James Morley - We propose a shadow policy interest rate based on an estimated structural model that accounts for the zero lower bound. www.federalreserve.gov/econres/feds/a-structural-measure-of-the-shadow-federal-funds-rate.htm

October 7, 2021 - Speech by Governor Brainard on building climate scenario analysis on the foundations of economic research At the 2021 Federal Reserve Stress Testing Research Conference, Federal Reserve Bank of Boston, Boston, Massachusetts (via webcast).  www.federalreserve.gov/newsevents/speech/brainard20211007a.htm

October 7, 2021 - Federal Reserve Board issues enforcement actions with Pioneer Bank and former employee of Pacific Premier Bank.   www.federalreserve.gov/newsevents/pressreleases/enforcement20211007a.htm

October 6, 2021 - Northwest Credit Union Association�s MAXX Convention and Annual Business Meeting. www.ncua.gov/newsroom/speech/2021/northwest-credit-union-associations-maxx-convention-and-annual-business-meeting
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October 6, 2021 - The International Role of the U.S. Dollar - Carol Bertaut, Bastian von Beschwitz, Stephanie Curcuru - For most of the last century, the preeminent role of the U.S. dollar in the global economy has been supported by the size and strength of the U.S. economy, its stability and openness to trade and capital flows, and strong property rights and the rule of law. www.federalreserve.gov/econres/notes/feds-notes/the-international-role-of-the-u-s-dollar-20211006.htm

October 6, 2021 - Forward Looking Exporters - Fran�ois de Soyres, Erik Frohm, Emily Highkin, and Carter Mix - Economic textbooks outline a simple relationship between movements in a country's exchange rate and its export volumes. www.federalreserve.gov/econres/notes/feds-notes/forward-looking-exporters-20211006.htm

October 6, 2021 - Sizing hedge funds' Treasury market activities and holdings - Ayelen Banegas, Phillip J. Monin, and Lubomir Petrasek - Hedge funds play an increasingly important role in U.S. Treasury cash and futures markets, a role that has been widely discussed following the March 2020 U.S. Treasury sell-off. www.federalreserve.gov/econres/notes/feds-notes/sizing-hedge-funds-treasury-market-activities-and-holdings-20211006.htm

October 5, 2021 - Acting Comptroller Discusses Diversity and Inclusion - Acting Comptroller of the Currency Michael J. Hsu today discussed the importance of promoting diversity and inclusion in the financial services sector during remarks at the Women in Housing & Finance Public Policy Luncheon. www.occ.gov/news-issuances/news-releases/2021/nr-occ-2021-105.html

October 5, 2021 - Speech by Vice Chair for Supervision Quarles on LIBOR transition Vice Chair for Supervision Randal K. Quarles At The Structured Finance Association Conference, Las Vegas, Nevada. www.federalreserve.gov/newsevents/speech/quarles20211005a.htm

October 4, 2021 - Consolidated Reports of Condition and Income for Third Quarter 2021 - The attached materials pertain to the Consolidated Reports of Condition and Income for the September 30, 2021, report date. www.fdic.gov/news/financial-institution-letters/2021/fil21068.html

October 4, 2021 - FDITECH Selects Six Teams in Sprint for Banks to Measure and Test Resiliency - The Federal Deposit Insurance Corporation today announced the selection of six teams to participate in a �tech sprint� designed to explore new technologies and techniques to determine how well community banks, and the banking sector as a whole, can withstand a major disruption of any type. www.fdic.gov/news/press-releases/2021/pr21090.html

October 4, 2021 - 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/2021/pr21089.html

October 4, 2021 - Federal Reserve Board announces the Reserve Banks will adopt a new message format for the Fedwire� Funds Service and invites public comment on proposal to expedite adoption. www.federalreserve.gov/newsevents/pressreleases/other20211004a.htm

October 1, 2021 - OCC Releases CRA Evaluations for 14 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, 2021 through September 30, 2021. www.occ.gov/news-issuances/news-releases/2021/nr-occ-2021-104.html
 
October 1, 2021 - FDIC Names Charles Vice to Advisory Committee of State Regulators - The Federal Deposit Insurance Corporation today announced that Charles Vice, Commissioner of the Commonwealth of Kentucky�s Department of Financial Institutions, is the newest member of the FDIC�s Advisory Committee of State Regulators. www.fdic.gov/news/press-releases/2021/pr21088.html

October 1, 2021 - FOIA - Chair Powell's August 2021 calendar. www.federalreserve.gov/foia/chair-powell-calendar-082021.htm

October 1, 2021 - Statistical Release - Enhanced Financial Accounts, October 2021 update - These projects provide additional detail for selected areas of the Financial Accounts. www.federalreserve.gov/releases/efa/enhanced-financial-accounts.htm

October 1, 2021 - Credit and Liquidity Programs and the Balance Sheet - Recent balance sheet trends, weekly chart update. www.federalreserve.gov/monetarypolicy/bst_recenttrends.htm

October 1, 2021 - Legal Interpretation - Federal Reserve Act, August 16, 2021. www.federalreserve.gov/supervisionreg/legalinterpretations/federalreserveact2021.htm

October 1, 2021 - Federal Reserve Board announces termination of enforcement action with UBS AG and UBS AG Stamford Branch.   www.federalreserve.gov/newsevents/pressreleases/enforcement20211001a.htm

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