Virtual/remote audits - I am performing virtual/remote FFIEC IT/AIO audits for banks and credit unions. I am a former bank examiner with years of IT auditing experience. Please contact R. Kinney Williams at examiner@yennik.com from your bank's email and I will send you information and fees. All correspondence is confidential.

October 28, 2022 - Tenth District Services Activity Grew at a Much Slower Pace - Overall, regional services firms saw growth in activity slow considerably in October. www.kansascityfed.org/surveys/services-survey/tenth-district-services-activity-grew-at-a-much-slower-pace/

October 28, 2022 - 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 2022. www.fdic.gov/news/press-releases/2022/pr22076.html 

October 28, 2022 - Statistical Release - Finance Companies - G.20.  https://www.federalreserve.gov/recentpostings.htm

October 28, 2022 - Credit and Liquidity Programs and the Balance Sheet - Recent balance sheet trends, weekly chart update. www.federalreserve.gov/monetarypolicy/bst_recenttrends.htm

October 27, 2022 - Updated FFIEC Cybersecurity Resource Guide for Financial Institutions - The guide includes updated references and now includes ransomware–specific resources. www.fdic.gov/news/financial-institution-letters/2022/fil22050.html
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October 27, 2022 - OCC Announces Office of Financial Technology - The Office of the Comptroller of the Currency today announced it will establish an Office of Financial Technology early next year to bolster the agency’s expertise and ability to adapt to a rapidly changing banking landscape. www.occ.gov/news-issuances/news-releases/2022/nr-occ-2022-133.html

October 27, 2022 - Energy and the Economy: The New Energy Landscape - The Federal Reserve Banks of Dallas and Kansas City will host their seventh joint energy conference on November 10 in Houston. www.kansascityfed.org/events/energy-and-the-economy-the-new-energy-landscape/

October 27, 2022 - Tenth District Manufacturing Activity Declined Slightly - Regional factory activity declined slightly in October. Indexes fell considerably for production, shipments, and new orders; however, firms still reported slight gains in employment. www.kansascityfed.org/surveys/manufacturing-survey/tenth-district-manufacturing-activity-declined-slightly/

October 27, 2022 - Regulatory Relief: Guidance to Help Financial Institutions and Facilitate Recovery iUpdated FFIEC Cybersecurity Resource Guide for Financial Institutions.   www.fdic.gov/news/financial-institution-letters/2022/fil22050.html

October 26, 2022 - NCUA Board Announces 2023 Meeting Schedule - The National Credit Union Administration Board today released its monthly meeting schedule for 2023. www.ncua.gov/newsroom/press-release/2022/ncua-board-announces-2023-meeting-schedule

October 26, 2022 - OCC to Host Symposium on Bank Mergers - The Office of the Comptroller of the Currency will host a symposium on bank mergers at its headquarters in Washington, D.C., on February 10, 2023. www.occ.gov/news-issuances/news-releases/2022/nr-occ-2022-132.html

October 25, 2022 - OCC Joins Military Spouse Employment Partnership - The Office of the Comptroller of the Currency affirmed its commitment to military families by joining the Military Spouse Employment Partnership at a ceremony today in Arlington, Va. www.occ.gov/news-issuances/news-releases/2022/nr-occ-2022-131.html

October 25, 2022 - Commercial real estate loan losses remain muted despite significant recent loan growth - Commercial real estate loss rates remain low despite rapid growth in CRE loan volume at community banks over the past year, particularly in construction and land development and multifamily loans. www.kansascityfed.org/banking/community-banking-bulletins/highlight-commercial-real-estate-loan-losses-remain-muted-despite-significant-recent-loan-growth/

October 25, 2022 - Regulatory Relief: Guidance to Help Financial Institutions and Facilitate Recovery in Areas of Illinois Affected by Severe Storms and Flooding.  www.fdic.gov/news/financial-institution-letters/2022/fil22049.html

October 25, 2022 - Despite COVID-19 Pandemic, Record 96% of U.S. Households Were Banked in 2021 - Despite unprecedented economic challenges posed by the COVID-19 pandemic, nearly 96 percent of U.S. households were banked in 2021, according to the latest national survey released today by the Federal Deposit Insurance Corporation. www.fdic.gov/news/press-releases/2022/pr22075.html

October 25, 2022 - Federal Reserve Board announces approval of application by Columbia Banking System, Inc. www.federalreserve.gov/newsevents/pressreleases/orders20221025a.htm

October 24, 2022 - FDIC Advisory Committee on Economic Inclusion to Meet This Week - The Federal Deposit Insurance Corporation Advisory Committee on Economic Inclusion will meet on Thursday, October 27, to discuss the 2021 FDIC National Survey of Unbanked and Underbanked Households. www.fdic.gov/news/press-releases/2022/pr22074.html

October 24, 2022 - Government-Administered, General-Use Prepaid Cards, October 2022.  www.federalreserve.gov/publications/government-prepaid-executive.htm

October 21, 2022 - Economic Outlook President Charles Evans speaks at the 16th Annual Community Bankers Symposium. www.chicagofed.org/publications/speeches/2022/october-21-community-bankers-symposium

October 21, 2022 - Labor Market May Remain Tight until Labor Demand Cools Further - U.S. labor demand—measured by job openings or vacancies—has started to cool but is still elevated compared with pre-pandemic evels. www.kansascityfed.org/research/economic-bulletin/labor-market-may-remain-tight-until-labor-demand-cools-further/

October 21, 2022 - Excess Savings during the COVID-19 Pandemic - Aditya Aladangady, David Cho, Laura Feiveson, and Eugenio Pinto - Over the pandemic, historic levels of government transfers boosted household income while household spending was severely curtailed by social distancing. www.federalreserve.gov/econres/notes/feds-notes/excess-savings-during-the-covid-19-pandemic-20221021.html

October 21, 2022 - Considerations regarding the use of the discount window to support economic activity through a funding for lending program - Mark Carlson and Rebecca Zarutskie - This paper considers the use of the Federal Reserve’s ability to provide loans to depository institutions under its discount window lending authority in support of achieving its monetary policy objectives through a funding for lending program. www.federalreserve.gov/econres/feds/considerations-regarding-use-of-discount-window-to-support-economic-activity-through-funding-for-lending-program.htm

October 21, 2022 - Credit and Liquidity Programs and the Balance Sheet - Recent balance sheet trends, weekly chart update.  www.federalreserve.gov/monetarypolicy/bst_recenttrends.htm
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October 20, 2022 - NCUA Board Approves Risk Appetite Statement; Briefed on Central Liquidity Facility and Cybersecurity - The National Credit Union Administration Board held its ninth open meeting and second in person of 2022, and approved the agency�s Enterprise Risk Appetite Statement, which helps the agency align risks and opportunities when making decisions and allocating resources to achieve the agency's strategic goals and objectives. www.ncua.gov/newsroom/press-release/2022/ncua-board-approves-risk-appetite-statement-briefed-central-liquidity-facility-and-cybersecurity

October 20, 2022 - 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/2022/nr-occ-2022-130.html

October 20, 2022 - Steady Growth in Farm Lending - Larger sized operating loans continued to boost farm lending activity. www.kansascityfed.org/agriculture/agfinance-updates/Steady-Growth-in-Farm-Lending/

October 20, 2022 - Statement from the St. Louis Fed - Jim Bullard works hard to maintain the spirit of transparency and active communications to make his views widely known. www.stlouisfed.org/news-releases/2022/10/20/statement-from-the-st-louis-fed

October 20, 2022 - Speech by Governor Michelle W. Bowman At "Toward an Inclusive Recovery," a research seminar sponsored by the Board of Governors of the Federal Reserve System, Washington, D.C. www.federalreserve.gov/newsevents/speech/bowman20221020a.htm 

October 20, 2022 - Losing insurance and psychiatric hospitalizations - Johanna Catherine Maclean, Sebastian Tello-Trillo, and Douglas Webber - We study the effect of losing insurance on psychiatric � mental health disorder and substance use disorder � hospital-based care. www.federalreserve.gov/econres/feds/losing-insurance-and-psychiatric-hospitalizations.htm

October 19, 2022 - Jefferson Scholars Foundation Moderated Q&A - President Charles Evans will join the Jefferson Scholars Foundation for a moderated Q&A on the U.S. economy followed by an audience Q&A. www.chicagofed.org/publications/speeches/2022/october-19-jefferson-scholars-foundation

October 19, 2022 - Pandemic Widens Gap in Nebraska Labor Markets - Much of Nebraska�s economy has recovered from the pandemic, but the pandemic also exacerbated a gap in job growth between the state�s strongest and weakest industries that already existed in 2019. www.kansascityfed.org/omaha/nebraska-economist/pandemic-widens-gap-in-nebraska-labor-markets/

October 19, 2022 - Tenth District Beige Book - Tenth District Summary for Beige Book.  www.kansascityfed.org/surveys/beige-book/tenth-district-beige-book/

October 19, 2022 - 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/2022/10/19/st-louis-fed-releases-beige-book

October 19, 2022 - Legal Interpretations - Bank Holding Company Act, October 7, 2022.  www.federalreserve.gov/supervisionreg/legalinterpretations/bhc_changeincontrol2022.htm

October 19, 2022 - Climate Change and the Role of Regulatory Capital: A Stylized Framework for Policy Assessment - Michael Holscher, David Ignell, Morgan Lewis, and Kevin Stiroh - This paper presents a stylized, non-country-specific framework to assess conceptually how the financial risks of climate change could interact with a regulatory capital regime. www.federalreserve.gov/econres/feds/climate-change-and-the-role-of-regulatory-capital.htm

October 18, 2022 - A cting Comptroller Issues Statement on FDIC and Federal Reserve Board ANPR on Resolution-Related Resource Requirements for Large Banking Organizations - Acting Comptroller of the Currency Michael J. Hsu today issued the following statement at the Federal Deposit Insurance Corporation board meeting: www.occ.gov/news-issuances/news-releases/2022/nr-occ-2022-129.html

October 18, 2022 - Final Rule on Assessments, Revised Deposit Insurance Assessment Rates - The Federal Deposit Insurance Corporation adopted a final rule, applicable to all insured depository institutions, to increase initial base deposit insurance assessment rate schedules uniformly by 2 basis points, beginning in the first quarterly assessment period of 2023. www.fdic.gov/news/financial-institution-letters/2022/fil22048.html

October 18, 2022 - Final Rule on Assessments, Amendments to Incorporate Troubled Debt Restructuring Accounting Standards Update - The Federal Deposit Insurance Corporation issued a final rule to incorporate updated accounting standards in the risk-based deposit insurance assessment system applicable to all large and highly complex insured depository institutions. www.fdic.gov/news/financial-institution-letters/2022/fil22047.html

October 18, 2022 - Proposed Amendments to Guidelines for Appeals of Material Supervisory Determinations - Following up on the Board�s action to restore the Supervision Appeals Review Committee and request for comment, the FDIC is soliciting further comment on proposed amendments to its Guidelines for Appeals of Material Supervisory Determinations. www.fdic.gov/news/financial-institution-letters/2022/fil22046.html

October 18, 2022 - FDIC Board of Directors Adopts Final Rule on Assessments, Revised Deposit Insurance Assessment Rates; Maintains the Designated Reserve Ratio for 2023 - The Federal Deposit Insurance Corporation adopted a final rule to increase initial base deposit insurance assessment rate schedules uniformly by 2 basis points beginning in the first quarterly assessment period of 2023. www.fdic.gov/news/press-releases/2022/pr22073.html

October 18, 2022 - FDIC Board of Directors Approves Advance Notice of Proposed Rulemaking Regarding Resolution�Related Resource Requirements for Large Banking Organizations - The Federal Deposit Insurance Corporation�s Board of Directors today approved the publication of an Advance Notice of Proposed Rulemaking concerning potential new resolution-related resource requirements for large banking organizations to improve the prospects for the orderly resolution of large banks in the United States should they fail. www.fdic.gov/news/press-releases/2022/pr22072.html

October 18, 2022 - Geopolitics and the U.S. Dollar's Future as a Reserve Currency - Colin Weiss - I survey the role of geopolitics and sanctions risk in shaping the U.S. dollar's status as the primary currency used for international reserves. www.federalreserve.gov/econres/ifdp/geopolitics-and-the-us-dollars-future-as-a-reserve-currency.htm 

October 18, 2022 - How Much Does Racial Bias Affect Mortgage Lending? Evidence from Human and Algorithmic Credit Decisions - Neil Bhutta, Aurel Hizmo, Daniel Ringo - We assess racial discrimination in mortgage approvals using new data on mortgage applications. www.federalreserve.gov/econres/feds/how-much-does-racial-bias-affect-mortgage-lending.htm 

October 18, 2022 - Information Resources Management Strategic Plan 2022 - The IRM Strategic Plan describes how the Board develops long-term investment strategies and how it ties those strategies to annual operations planning, budgeting, and reporting activities. www.federalreserve.gov/publications/information-resources-management-strategic-plan.htm

October 18, 2022 - Industrial Production and Capacity Utilization - G.17 - Industrial production increased 0.4 percent in September and 2.9 percent at an annual rate in the third quarter. www.federalreserve.gov/releases/g17/Current/

October 18, 2022 - Minutes of the Board's discount rate meetings on August 22 through September 21, 2022.  www.federalreserve.gov/newsevents/pressreleases/monetary20221018a.htm

October 17, 2022 - Interest Rate Risk: Interest Rate Risk Statistics Report - The Office of the Comptroller of the Currency today published the fall 2022 edition of the 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/2022/bulletin-2022-23.html

October 17, 2022 - St. Louis Fed Welcomes New Members to Community Development Advisory Council - The Federal Reserve Bank of St. Louis appointed three new members to its Community Development Advisory Council, which twice a year meets to inform St. Louis Fed President James Bullard and Community Development staff about issues and development efforts in the Eighth Federal Reserve District. www.stlouisfed.org/news-releases/2022/10/17/st-louis-fed-welcomes-new-members-to-community-development-advisory-council

October 14, 2022 - OCC Announces Conditional Approval of U.S. Bank, National Association � MUFG Union Bank, National Association Merger - The approval follows consideration of numerous public comments submitted in writing and expressed during a public meeting conducted on March 8, 2022, in conjunction with the Board of Governors of the Federal Reserve System. www.occ.gov/news-issuances/news-releases/2022/nr-occ-2022-128.html 

October 14, 2022 - Report to the Congress on the Availability of Credit to Small - This report is prepared in accordance with section 2227 of the Economic Growth and Regulatory Paperwork Reduction Act of 1996, which requires that, every five years, the Board of Governors of the Federal Reserve System submit a report to the Congress detailing the extent of small business lending by all creditors. www.federalreserve.gov/publications/availability-of-credit-to-small-businesses.htm

October 14, 2022 - Credit and Liquidity Programs and the Balance Sheet - Recent balance sheet trends, weekly chart update federa lreserve  www.federalreserve.gov/monetarypolicy/bst_recenttrends.htm

October 14, 2022 - Speech by Governor Waller on the U.S. dollar and central bank digital currencies At "Digital Currencies and National Security Tradeoffs," a symposium presented by the Harvard National Security Journal, Cambridge, Massachusetts.  www.federalreserve.gov/newsevents/speech/waller20221014a.htm

October 14, 2022 - Federal Reserve Board invites public comment on an advance notice of proposed rulemaking to enhance regulators� ability to resolve large banks in an orderly way should they fail.   www.federalreserve.gov/newsevents/pressreleases/bcreg20221014a.htm

October 13, 2022 - Money Museum highlighting women on the U.S. quarter - The exhibit on display at the Kansas City Fed�s headquarters showcases the five women featured in the first stage of the U.S. Mint�s American Women Quarters series. www.kansascityfed.org/ten/2022-fall-ten-magazine/money-museum-highlighting-women-on-the-us-quarter/

October 13, 2022 - President's Message: A 40-year perspective on community banking - In the face of many changes, community banks have remained a vital source of banking services for consumers and small businesses. www.kansascityfed.org/ten/2022-fall-ten-magazine/presidents-message-a-40-year-perspective-on-community-banking/

October 13, 2022 - Inside the rise of Black consumer cryptocurrency ownership - Historical factors and forward-looking views help explain why cryptocurrency has become especially popular among Black consumers. www.kansascityfed.org/ten/2022-fall-ten-magazine/inside-the-rise-of-black-consumer-cryptocurrency-ownership/

October 13, 2022 - Ask an Economist: A look at the marijuana industry in Tenth District states - Research led by Senior Policy Advisor Alison Felix shows that the marijuana industry tends to have sizable effects in the initial years after legalization. www.kansascityfed.org/ten/2022-fall-ten-magazine/ask-an-economist-a-look-at-the-marijuana-industry-in-tenth-district-states/

October 13, 2022 - Agencies announce threshold for smaller loan exemption from appraisal requirements for higher-priced mortgage loans -The Consumer Financial Protection Bureau, the Federal Reserve Board, and the Office of the Comptroller of the Currency today announced that the 2023 threshold for exempting loans from special appraisal requirements for higher-priced mortgage loans will increase from $28,500 to $31,000.
Press Release: www.federalreserve.gov/newsevents/pressreleases/bcreg20221013a.htm
Press Release: www.occ.gov/news-issuances/news-releases/2022/nr-ia-2022-127.html

October 10, 2022 - Going the Distance on Inflation Redux - A speech presented by Charles L. Evans, president and chief executive officer, Federal Reserve Bank of Chicago, on October 10, 2022, at the 64th National Association for Business Economics Annual Meeting in Chicago, IL. www.chicagofed.org/publications/speeches/2022/october-10-nabe-annual-meeting
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October 13, 2022 - Climate Change and Double Materiality in a Micro- and Macroprudential Context - Kevin J. Stiroh - This paper presents a stylized framework of bank risk‐taking to help clarify the concept of �double materiality, the idea that supervisory authorities should consider both the risks that banks face from climate change and the impact of a bank�s actions on climate change. www.federalreserve.gov/econres/feds/climate-change-and-double-materiality-in-a-micro-and-macroprudential-context.htm

October 13, 2022 - Federal Reserve Board announces it has prohibited five former bank employees from future employment in the banking industry for fraudulently obtaining loans and grants administered under the Coronavirus Aid, Relief, and Economic SecurityAct.  www.federalreserve.gov/newsevents/pressreleases/enforcement20221013a.htm

October 12, 2022 - Report and Disclosures on Funding, Credit, Liquidity, and Loan Facilities - The Federal Reserve filed these reports with Congress pursuant to section 13(3) of the Federal Reserve Act concerning the lending facilities established by the Board. www.federalreserve.gov/publications/reports-to-congress-in-response-to-covid-19.htm

October 12, 2022 - Speech by Vice Chair for Supervision Barr on managing the promise and risk of financial innovation At D.C. Fintech Week, Washington, D.C. www.federalreserve.gov/newsevents/speech/barr20221012a.htm

October 12, 2022 - Minutes of the Federal Open Market Committee, September 20�21, 2022.  www.federalreserve.gov/newsevents/pressreleases/monetary20221012a.htm

October 11, 2022 - Acting Comptroller Discusses Crypto and the Regulatory Perimeter - Acting Comptroller of the Currency Michael J. Hsu today discussed cryptocurrency and the regulatory perimeter in remarks to the Harvard Law School and Program on International Financial Systems' Roundtable on Institutional Investors and Crypto Assets. www.occ.gov/news-issuances/news-releases/2022/nr-occ-2022-126.html

October 11, 2022 - Acting Comptroller Discusses Identifying Crypto Risks - Acting Comptroller of the Currency Michael J. Hsu today discussed the importance of identifying and monitoring crypto risks to protect consumers and the financial system in remarks at DC Fintech Week 2022. www.occ.gov/news-issuances/news-releases/2022/nr-occ-2022-125.html

October 11, 2022 - Non-bank financial institutions and the slope of the yield curve - Sebastian Infante, Phillip Monin, Lubomir Petrasek, and Mary Tian - In this note, we examine how changes in the yield curve slope affect the provision of credit and intermediation services by non-bank financial institutions, including broker-dealers and hedge funds. www.federalreserve.gov/econres/notes/feds-notes/non-bank-financial-institutions-and-the-slope-of-the-yield-curve-20221011.html

October 11, 2022 - Federal Reserve Board announces approval of application by FirstRand Bank Limited - The Federal Reserve Board on Tuesday announced its approval of the application by FirstRand Bank Limited, Johannesburg, South Africa, to establish a representative office in New York, New York. www.federalreserve.gov/newsevents/pressreleases/orders20221011a.htm

October 10, 2022 - Speech by Vice Chair Lael Brainard - Restoring Price Stability in an Uncertain Economic Environment At "Shocks and Aftershocks: Finding Balance in an Unstable World" 64th National Association for Business Economics Annual Meeting, Chicago, Illinois.  www.federalreserve.gov/newsevents/speech/brainard20221010a.htm 

October 10, 2022 - Going the Distance on Inflation Redux - A speech presented by Charles L. Evans, president and chief executive officer, Federal Reserve Bank of Chicago, on October 10, 2022, at the 64th National Association for Business Economics (NABE) Annual Meeting in Chicago, IL.
www.chicagofed.org/publications/speeches/2022/october-10-nabe-annual-meeting

October 7, 2022 - Mingo County Education Federal Credit Union Conserved - Closures/Conservatorships - The National Credit Union Administration today placed Mingo County Education Federal Credit Union in Williamson, West Virginia, into conservatorship. www.ncua.gov/newsroom/press-release/2022/mingo-county-education-federal-credit-union-conserved

October 7, 2022 - O.F. Toalston Federal Credit Union Conserved - Closures/Conservatorships - The National Credit Union Administration today placed O.F. Toalston Federal Credit Union in Logan, West Virginia, into conservatorship. www.ncua.gov/newsroom/press-release/2022/toalston-federal-credit-union-conserved

October 7, 2022 - Tenth District Energy Activity Grew Solidly - Third quarter energy survey results revealed that Tenth District energy activity grew solidly, while expectations for future activity eased somewhat. www.kansascityfed.org/surveys/energy-survey/tenth-district-energy-activity-grew-solidly/

October 7, 2022 - Statistical Release - Consumer Credit - G.19 - In August, consumer credit increased at a seasonally adjusted annual rate of 8.3 percent. www.federalreserve.gov/releases/g19/current/default.htm 

October 7, 2022 - Dealer Intermediation in the Primary Market of Commercial Paper -Max Gross, Yi Li, and Ashley Wang - The commercial paper market is an important source of short-term funding for highly-rated financial and nonfinancial firms, with over $1 trillion in outstanding assets. www.federalreserve.gov/econres/notes/feds-notes/dealer-intermediation-in-the-primary-market-of-commercial-paper-20221007.html

October 7, 2022 - FOIA - Chair Powell's calendar, August 2022.  www.federalreserve.gov/foia/chairman-powell-calendar.htm

October 7, 2022 - Regulatory Reform - Communications with the Public through October 7, 2022. www.federalreserve.gov/reform.htm

October 7, 2022 - Credit and Liquidity Programs and the Balance Sheet - Recent balance sheet trends, weekly chart update. www.federalreserve.gov/monetarypolicy/bst_recenttrends.htm

Octtober 6, 2022 - Illinois Chamber of Commerce Annual Luncheon - President Charles Evans joined the Illinois Chamber of Commerce for a moderated Q&A on the U.S. economy followed by an audience Q&A. www.chicagofed.org/publications/speeches/2022/october-06-il-chamber-of-commerce

October 6, 2022 - Cybersecurity: 2022 Cybersecurity Resource Guide for Financial Institutions - The 2022 guide lists voluntary programs and actionable initiatives that are designed for or are available to help financial institutions meet their security control objectives and prepare to respond to cyber incidents. www.occ.gov/news-issuances/bulletins/2022/bulletin-2022-22.html

October 6, 2022 - FedEZFile� and FedEZFile Fluent� to be Released for Filing Applications with the Federal Reserve - The purpose of this letter is to inform financial institutions, their authorized representatives, and other key stakeholders that the Federal Reserve will release FedEZFile and FedEZFile Fluent on October 17, 2022, replacing the Electronic Applications System, which previously facilitated the Federal Reserve's application filing process. www.federalreserve.gov/supervisionreg/srletters/sr2209.htm

October 6, 2022 - Economic Outlook - Governor Lisa D. Cook - At the Peterson Institute for International Economics, Washington, D.C. www.federalreserve.gov/newsevents/speech/cook20221006a.htm

October 6, 2022 - Federal Reserve announces it will replace its current bank application filing system with a new and upgraded system later this month - The substantive requirements of applications will remain the same with the new system making the filing process more intuitive and minimizing paper applications and communications. www.federalreserve.gov/newsevents/pressreleases/bcreg20221006a.htm
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October 6, 2022 - Cybersecurity: 2022 Cybersecurity Resource Guide for Financial Institutions - The 2022 guide lists voluntary programs and actionable initiatives that are designed for or are available to help financial institutions meet their security control objectives and prepare to respond to cyber incidents. https://occ.gov/news-issuances/bulletins/2022/bulletin-2022-22.html

October 6, 2022 - Illinois Chamber of Commerce Annual Luncheon - President Charles Evans will join the Illinois Chamber of Commerce for a moderated Q&A on the U.S. economy followed by an audience Q&A. www.chicagofed.org/publications/speeches/2022/october-06-il-chamber-of-commerce

October 6, 2022 - OCC Releases Bank Supervision Operating Plan for Fiscal Year 2023 - 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/2022/nr-occ-2022-124.html

October 6, 2022 - The Federal Financial Institutions Examination Council�s member agencies have begun a multi-year review of Uniform Bank Performance Report�s content to ensure it remains current and relevant. www.ffiec.gov/press/an100522.htm

October 6, 2022 - Speech by Governor Lisa D. Cook - Economic Outlook At the Peterson Institute for International Economics, Washington, D.C. www.federalreserve.gov/newsevents/speech/cook20221006a.htm

October 5, 2022 - Data maps shed light on Missouri's broadband needs - New maps, using combined data sources, show where broadband most likely doesn't exist, and where it exists but people are not subscribing. www.kansascityfed.org/community/digital-divide/states-brace-for-unprecedented-broadband-funding/

October 5, 2022 - Small Business C&I Lending Declines Year-Over-Year - Small business commercial and industrial loan balances decreased compared to the second quarter of 2021, the last quarter of the Paycheck Protection Program. www.kansascityfed.org/surveys/small-business-lending-survey/small-business-ci-lending-declines-year-over-year/

October 5, 2022 - Speech by Governor Philip N. Jefferson - Technology�s Impact on the Post-Pandemic Economy At �Technology-Enabled Disruption: Lessons from the Pandemic and the Path Ahead,� a conference organized by the Federal Reserve Banks of Atlanta, Dallas, and Richmond.  www.federalreserve.gov/newsevents/speech/jefferson20221004a.htm

October 4, 2022 - Small Business C&I Lending Declines Year-Over-Year - Small business commercial and industrial loan balances decreased compared to the second quarter of 2021, the last quarter of the Paycheck Protection Program.  https://www.kansascityfed.org/surveys/small-business-lending-survey/small-business-ci-lending-declines-year-over-year/

October 4, 2022 - Money Museum Educational Programing - October 11-14 is Homeschool Week! Come visit the Money Museum during the Crown Center Homeschool Week for our free tour. www.kansascityfed.org/moneymuseum/the-money-museum-guided-tour-program/

October 4, 2022 - Speech by Governor Philip N. Jefferson - Technology�s Impact on the Post-Pandemic Economy - At �Technology-Enabled Disruption: Lessons from the Pandemic and the Path Ahead,� a conference organized by the Federal Reserve Banks of Atlanta, Dallas, and Richmond.  www.federalreserve.gov/newsevents/speech/jefferson20221004a.htm

October 3, 2022 - Acting Comptroller of the Currency Issues Statement on FSOC�s Report on Digital Asset Financial Stability Risks and Regulation.  www.occ.gov/news-issuances/news-releases/2022/nr-occ-2022-123.html

October 3, 2022 - The Federal Financial Institutions Examination Council, on behalf of its members, released an update to the October 2018 Cybersecurity Resource Guide for Financial Institutions. The updated resource guide now includes ransomware-specific resources to address the ongoing threat of ransomware incidents. www.ffiec.gov/press/an093022.htm

October 3, 2022 - FDIC Issues List of Banks Examined for CRA Compliance - The list covers evaluation ratings that the FDIC assigned to institutions in July 2022. www.fdic.gov/news/press-releases/2022/pr22071.html

October 3, 2022 - Federal Reserve Board finalizes updates to the Board�s rule concerning debit card transactions - Pursuant to statute, the updates specify that debit card issuers should enable at least two payment card networks to process all debit card transactions, including "card-not-present" transactions, such as online payments. www.federalreserve.gov/newsevents/pressreleases/bcreg20221003a.htm

October 3, 2022 - Statistical Release - Foreign Exchange Rates - G.5. www.federalreserve.gov/releases/g5/current/

October 3, 2022 - Effects of Monetary Policy on Household Expectations: The Role of Homeownership - Hie Joo Ahn, Shihan Xie, and Choongryul Yang - We study the role of homeownership in the effectiveness of monetary policy on households' expectations. www.federalreserve.gov/econres/feds/effects-of-monetary-policy-on-household-expectations-the-role-of-homeownership.htm

October 3, 2022 - Pricing of Climate Risk Insurance: Regulation and Cross-Subsidies - Sangmin S. Oh, Ishita Sen, and Ana-Maria Tenekedjieva - Homeowners� insurance, a $15 trillion market by coverage, provides households financial protection from climate losses. www.federalreserve.gov/econres/feds/pricing-of-climate-risk-insurance-regulation-and-cross-subsidies.htm

October 3, 2022 - Federal Reserve Board finalizes updates to the Board�s rule concerning debit card transactions - Pursuant to statute, the updates specify that debit card issuers should enable at least two payment card networks to process all debit card transactions, including "card-not-present" transactions, such as online payments. www.federalreserve.gov/newsevents/pressreleases/bcreg20221003a.htm No October press releases at time of publication.  Please check back next weekend.