The E-mail Banking News
(Bank Regulatory News)
September 2019

September 30, 2019 - Midwest Economy Index - Index points to a pickup in Midwest economic growth in August - The Midwest Economy Index moved up to –0.26 in August from –0.37 in July. Contributions to the August MEI from three of the four broad sectors of nonfarm business activity and one of the five Seventh Federal Reserve District states increased from July. www.chicagofed.org/~/media/publications/mei/2019/mei-august2019-pdf.pdf

September 30, 2019 - NCUA Issues Prohibition Notices and Orders - The National Credit Union Administration issued five prohibition notices and two prohibition orders in September. These seven individuals are prohibited from participating in the affairs of any federally insured financial institution. www.ncua.gov/newsroom/press-release/2019/ncua-issues-prohibition-notices-and-orders

September 30, 2019 - Comptroller’s Handbook Examination Process Series : Updated Booklets and Rescissions - The Office of the Comptroller of the Currency today issued updates to the "Bank Supervision Process," "Community Bank Supervision," "Federal Branches and Agencies Supervision," and "Large Bank Supervision" booklets of the Comptroller’s Handbook. www.occ.gov/news-issuances/bulletins/2019/bulletin-2019-44.html

September 30, 2019 - OCC Reports Slight Improvement in Mortgage Performance - The Office of the Comptroller of the Currency reported a slight improvement in the performance of first-lien mortgages in the federal banking system during the second quarter of 2019. www.occ.gov/news-issuances/news-releases/2019/nr-occ-2019-110.html

September 30, 2019 - FDIC Announces Personnel Changes - The Federal Deposit Insurance Corporation today announced the appointment of John F. Vogel as Deputy Director Operations and Chief of Staff in the Division of Risk Management Supervision, effective September 16, 2019. www.fdic.gov/news/news/press/2019/pr19084.html

September 30, 2019 - Innovation, Trade Policy, and Globalization - Ufuk Akcigit, Sina T. Ates, and Giammario Impullitti - What is the optimal set of industrial policies to tackle increased competition from global technological rivals? www.federalreserve.gov/econres/notes/feds-notes/innovation-trade-policy-and-globalization-20190930.htm

September 30, 2019 - Discount Window Lending, 2017:Q3 - The discount window helps to relieve liquidity strains for individual depository institutions and for the banking system as a whole by providing a reliable backup source of funding. www.federalreserve.gov/regreform/discount-window.htm

September 30, 2019 - Semiannual Report on Banking Applications Activity: January 1-June 30, 2019. www.federalreserve.gov/publications/semiannual-report-on-banking-applications-activity.htm

September 27, 2019 - Kansas City Fed to host Fed Listens event with Federal Reserve Chair Jerome Powell - As part of the Federal Reserve System’s Fed Listens program, the Federal Reserve Bank of Kansas City and Federal Reserve Chair Jerome H. Powell will host a roundtable session with a group of local business and community leaders. www.kansascityfed.org/~/media/files/publicat/newsroom/2019/fedlistensannouncement.pdf 

September 27, 2019 - FDIC Makes Public August Enforcement Actions - The Federal Deposit Insurance Corporation today released a list of orders of administrative enforcement actions taken against banks and individuals in August. There is one administrative hearing scheduled for October 2019. www.fdic.gov/news/news/press/2019/pr19082.html

September 27, 2019 - Statistical Release - Enhanced Financial Accounts, September 2019 - These projects provide additional detail for selected areas of the Financial Accounts. See About the EFAs below for more information. www.federalreserve.gov/releases/efa/enhanced-financial-accounts.htm

September 27, 2019 - Housing Affordability in the U.S.: Trends by Geography, Tenure, and Household Income - Andrew Dumont - In recent years, researchers and policymakers have expressed concerns about housing affordability challenges nationwide. www.federalreserve.gov/econres/notes/feds-notes/housing-affordability-in-the-us-trends-by-geography-tenure-and-household-income-20190927.htm

September 27, 2019 - Credit and Liquidity Programs and the Balance Sheet - Recent balance sheet trends, weekly chart update www.federalreserve.gov/monetarypolicy/bst_recenttrends.htm

September 27, 2019 - Tractable Rare Disaster Probability and Options-Pricing - Robert J. Barro and Gordon Y. Liao - We derive an option-pricing formula from recursive preference and estimate rare disaster probability. www.federalreserve.gov/econres/feds/files/2019073pap.pdf

September 27, 2019 - Speech by Vice Chair for Supervision Quarles on law and macroeconomics: the global evolution of macroprudential regulation At the “Law and Macroeconomics,” a conference at Georgetown University Law Center, Washington, D.C. www.federalreserve.gov/newsevents/speech/quarles20190927a.htm

September 27, 2019 - Agencies issue final rule to exempt residential real estate transactions of $400,000 or less from appraisal requirements - The Federal Reserve, the Federal Deposit Insurance Corporation, and the Office of the Comptroller of the Currency have adopted a final rule that increases the threshold for residential real estate transactions requiring an appraisal from $250,000 to $400,000.
Press Release: www.federalreserve.gov/newsevents/pressreleases/bcreg20190927a.htm
Press Release: www.fdic.gov/news/news/press/2019/pr19083.html
Press Release: www.fdic.gov/news/news/financial/2019/fil19053.html

September 26, 2019 - NCUA Chairman Rodney E. Hood Remarks - America’s Credit Union Museum, Manchester, NH. www.ncua.gov/newsroom/speech/2019/ncua-chairman-rodney-e-hood-remarks-americas-credit-union-museum-manchester-nh

September 26, 2019 - Reforming Social Security to Save Social Security By Abdoulaye Ndiaye , Lisa Camner McKay - Changing the income tax system and increasing the benefit to delaying retirement may preserve the social insurance guarantee to retirees. www.chicagofed.org/publications/chicago-fed-letter/2019/419

September 26, 2019 - Jay Gallagher Named Deputy Comptroller for Systemic Risk Identification Support and Specialty Supervision - In this new role reporting to the OCC’s Chief Operating Officer, Mr. Gallagher will serve as a key advisor to the Committee on Bank Supervision and other OCC senior leaders, the Chief Operating Officer, and the Comptroller on supervisory program matters. www.occ.gov/news-issuances/news-releases/2019/nr-occ-2019-108.html

September 26, 2019 - Statement before the House Financial Services Committee By Esther George President, Federal Reserve Bank of Kansas City on behalf of The Federal Reserve System before the Task Force on Financial Technology of the Committee on Financial Services U.S. House of Representatives.  www.kansascityfed.org/~/media/files/publicat/speeches/2019/2019-george-washington-09-26.pdf

September 26, 2019 - Emerging Trends in the Colorado Economy - By Alison Felix Economist and Branch Executive Federal Reserve Bank of Kansas City Denver Branch. www.kansascityfed.org/~/media/files/publicat/speeches/2019/2019-felix-ibc-09-26.pdf

September 26, 2019 - Speech by Vice Chair for Supervision Quarles on government of union: achieving certainty in cross-border finance At the Financial Stability Board Workshop on Pre-Positioning, Ring-Fencing, and Market Fragmentation, Philadelphia, Pennsylvania.  www.federalreserve.gov/newsevents/speech/quarles20190926a.htm

September 26, 2019 - Speech by Vice Chair Clarida on the Federal Reserve’s review of its monetary policy strategy, tools, and communication practices At “A Hot Economy: Sustainability and Trade-Offs,” a Fed Listens event sponsored by the Federal Reserve Bank of San Francisco, San Francisco, California.  www.federalreserve.gov/newsevents/speech/clarida20190926a.htm

September 26, 2019 - Federal Reserve Board issues enforcement action with former employee of Highlands Union Bank.   www.federalreserve.gov/newsevents/pressreleases/enforcement20190926a.htm

September 25, 2019 - A “Big Data” View of the U.S. Economy: Introducing the Brave-Butters-Kelley Indexes By Scott A. Brave , Ross Cole , David Kelley - We describe a new set of indexes—the Brave-Butters-Kelley Indexes constructed from a large panel of monthly macroeconomic time series and quarterly real gross domestic product growth. www.chicagofed.org/publications/chicago-fed-letter/2019/422

September 25, 2019 - NCUA Chairman Hood Appoints Lenwood Brooks Chief of Staff - Brooks, who joined the NCUA on May 28, has been serving as Acting Chief of Staff and Director of the Office of External Affairs and Communications. www.ncua.gov/newsroom/press-release/2019/ncua-chairman-hood-appoints-lenwood-brooks-chief-staff

September 25, 2019 - NCUA, SBA Hosting Webinar on Loan Programs - Credit unions interested in learning more about Small Business Administration loan programs can get valuable information from an October 16 webinar hosted by the National Credit Union Administration and the SBA. www.ncua.gov/newsroom/press-release/2019/ncua-sba-hosting-webinar-loan-programs
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September 25, 2019 - Testimony by Governor Lael Brainard Financial Stability Before the House Financial Services Subcommittee on Consumer Protection and Financial Institutions, U.S. House of Representatives, Washington, D.C. www.federalreserve.gov/newsevents/testimony/brainard20190925a.htm

September 25, 2019 - Testimony by Esther George, President, Federal Reserve Bank of Kansas City - Faster Payment Systems.   www.kansascityfed.org/~/media/255f13fa1de545819fdf771970444ca0.ashx

September 24, 2019 - OCC Reports Second Quarter 2019 Bank Trading Revenue - The Office of the Comptroller of the Currency reported trading revenue of U.S. commercial banks and federal savings associations of $8.0 billion in the second quarter 2019, which was $2.0 billion, or 19.8 percent, less than the previous quarter. www.occ.gov/news-issuances/news-releases/2019/nr-occ-2019-107.html

September 24, 2019 - Listening Sessions on Supervisory Appeals and Dispute Resolution Processes - As part of the FDIC's "Trust through Transparency" initiative, the agency will host a series of listening sessions regarding its supervisory appeals and dispute resolution processes for FDIC-supervised financial institutions. www.fdic.gov/news/news/financial/2019/fil19052.html

September 24, 2019 - Okun Revisited: Who Benefits Most from a Strong Economy - Stephanie R. Aaronson, Mary C. Daly, William L. Wascher, and David W. Wilcox - Previous research has shown that the labor market experiences of less advantaged groups are more cyclically sensitive than the labor market experiences of more advantaged groups; in other words, less advantaged groups experience a high-beta version of the aggregate fluctuations in the labor market. www.federalreserve.gov/econres/feds/files/2019072pap.pdf

September 24, 2019 - Legal Developments - Section 19 letters, July 10, August 28, and September 3 (2 letters), 2019. www.federalreserve.gov/supervisionreg/ordersother2019.htm

September 23, 2019 - Chicago Fed National Activity Index Points to a Pickup in Economic Growth in August - Led by improvements in production-related indicators, the Chicago Fed National Activity Index rose to +0.10 in August from �0.41 in July. All four broad categories of indicators that make up the index increased from July, but three of the four categories made negative contributions to the index in August. www.chicagofed.org/~/media/publications/cfnai/2019/cfnai-september2019-pdf.pdf

September 23, 2019 - Explaining Variation in Real Wage Growth Over the Recent Expansion By Daniel Aaronson , Luojia Hu , Aastha Rajan - In August 2019 the unemployment rate was roughly 1 percentage point below the Congressional Budget Office�s estimate of its long-run or natural rate, nearly matching the unemployment rate gap that developed during the historically tight labor market of the late 1990s.  www.chicagofed.org/publications/chicago-fed-letter/2019/421

September 23, 2019 - NCUA Chairman Rodney E. Hood Remarks - American Credit Union Mortgage Association 2019 Annual Conference.  www.ncua.gov/newsroom/speech/2019/ncua-chairman-rodney-e-hood-remarks-american-credit-union-mortgage-association-2019-annual

September 23, 2019 - St. Louis Fed's Bullard Discusses Recent Developments in U.S. Monetary Policy - Federal Reserve Bank of St. Louis President James Bullard presented �Recent Developments in U.S. Monetary Policy� to the Effingham County Chamber of Commerce on Monday. www.stlouisfed.org/news-releases/2019/09/23/bullard-discusses-recent-developments-in-us-monetary-policy

September 23, 2019 - Supplemental Questions and Answers Related to the FDIC Statement of Policy on Applications for Deposit Insurance - The Supplemental Q&As note that applications for deposit insurance do not need to identify a specific physical location of the proposed institution's main office at the time of submission. www.fdic.gov/news/news/financial/2019/fil19051.html

September 23, 2019 - FDIC's Office of the Ombudsman Publishes Its 2018 Annual Report - The Federal Deposit Insurance Corporation's Office of the Ombudsman, an independent, neutral and confidential liaison between the agency and its stakeholders, published its 2018 Annual Report outlining the office's structure, outreach activities, and goals. www.fdic.gov/news/news/press/2019/pr19081.html

September 23, 2019 - Advisory Council - Record of the meeting of the Federal Advisory Council, September 6, 2019 - 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

September 20, 2019 - Emerging Trends in the U.S. and New Mexico Economies - By Sam Chapman Associate Economist Federal Reserve Bank ofKansas City Denver Branch.   www.kansascityfed.org/~/media/files/publicat/speeches/2019/2019-chapman-nmicba-09-20.pdf 

September 20, 2019 - Collateralized Loan Obligations in the Financial Accounts of the United States - Matthew Guse, Woojung Park, Zack Saravay, and Youngsuk Yook - Collateralized Loan Obligations are structured securities backed primarily by pools of leveraged loans to businesses.  www.federalreserve.gov/econres/notes/feds-notes/collateralized-loan-obligations-in-the-financial-accounts-of-the-united-states-20190920.htm

September 20, 2019 - Statistical Release - Finance Companies - G.20.  www.federalreserve.gov/releases/g20/current/g20.htm

September 20, 2019 - A New Way to Visualize the Evolution of Monetary Policy Expectations - Marcel A. Priebsch - At the conclusion of its July 2019 meeting, the Federal Open Market Committee announced its decision to lower the target range for the federal funds rate by 25 basis points to 2.00 to 2.25 percent. www.federalreserve.gov/econres/notes/feds-notes/new-way-to-visualize-the-evolution-of-monetary-policy-expectations-20190920.htm

September 20, 2019 - Credit and Liquidity Programs and the Balance Sheet - Recent balance sheet trends, weekly chart update.  www.federalreserve.gov/monetarypolicy/bst_recenttrends.htm

September 20, 2019 - Statistical Release - Financial Accounts of the United States - Z.1 - The Financial Accounts of the United States includes data on transactions and levels of financial assets and liabilities, by sector and financial instrument; full balance sheets, including net worth, for households and nonprofit organizations, nonfinancial corporate businesses, and nonfinancial noncorporate businesses; Integrated Macroeconomic Accounts; and additional supplemental detail. www.federalreserve.gov/releases/z1/current/default.htm

September 20, 2019 - Tracking the Labor Market with "Big Data" - Tomaz Cajner, Leland Crane, Ryan Decker, Adrian Hamins-Puertolas, and Christopher Kurz - Payroll employment growth is one of the most reliable business cycle indicators. www.federalreserve.gov/econres/notes/feds-notes/tracking-the-labor-market-with-big-data-20190920.htm

September 20, 2019 - Fiscal Stimulus under Sovereign Risk - Javier Bianchi, Pablo Ottonello, and Ignacio Presno - The excess procyclicality of fiscal policy is commonly viewed as a central malaise in emerging economies. www.federalreserve.gov/econres/ifdp/2019.htm#20191257

September 20, 2019 - The Welfare Costs of Misaligned Incentives: Energy Inefficiency and the Principal-Agent Problem - Joshua Blonz - In many settings, misaligned incentives and inadequate monitoring lead employees to take self-interested actions contrary to their employer's wishes, giving rise to the classic principal-agent problem. www.federalreserve.gov/econres/feds/files/2019071pap.pdf

September 20, 2019 - Trends in Household Portfolio Composition - Jesse Bricker, Kevin B. Moore, and Jeffrey P. Thompson - We use data from the Survey of Consumer Finances to explore how household asset portfolios in the United States have evolved from 1989 to 2016. www.federalreserve.gov/econres/feds/files/2019069pap.pdf

September 20, 2019 - Bottom-up leading macroeconomic indicators: An application to non-financial corporate defaults using machine learning - Tyler Pike, Horacio Sapriza, and Tom Zimmermann - This paper constructs a leading macroeconomic indicator from microeconomic data using recent machine learning techniques. www.federalreserve.gov/econres/feds/files/2019070pap.pdf

September 20, 2019 - What are the Price Effects of Trade? Evidence from the U.S. and Implications for Quantitative Trade Models - Xavier Jaravel and Erick Sager - This paper finds that U.S. consumer prices fell substantially due to increased trade with China. www.federalreserve.gov/econres/feds/files/2019068pap.pdf

September 19, 2019 - Payday Alternative Loan Rule Will Create More Alternatives for Borrowers - The National Credit Union Administration Board held its eighth open meeting of 2019 at the agency�s headquarters today and approved three items: www.ncua.gov/newsroom/press-release/2019/payday-alternative-loan-rule-will-create-more-alternatives-borrowers

September 20, 2019 - Federal Reserve Board approves action by the Board of Directors of the Federal Reserve Bank of Philadelphia.   www.federalreserve.gov/newsevents/pressreleases/monetary20190920a.htm

September 19, 2019 - NCUA Board Member Todd M. Harper Statement on the Payday Alternative Loans II Final Rule.  www.ncua.gov/newsroom/speech/2019/ncua-board-member-todd-m-harper-statement-payday-alternative-loans-ii-final-rule

September 19, 2019 - U.S. and Oklahoma Economic Outlook By Chad Wilkerson Vice President and Oklahoma City Branch Executive.   www.kansascityfed.org/~/media/files/publicat/speeches/2019/2019-wilkerson-petroleum-acct_09-19-19-v2.pdf

September 19, 2019 - Federal Reserve Board approves actions by the Boards of Directors of the Federal Reserve Banks of Boston, New York, Cleveland, Richmond, Atlanta, St. Louis, and Kansas City.  www.federalreserve.gov/newsevents/pressreleases/monetary20190919a.htm
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September 19, 2019 - 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/2019/nr-occ-2019-106.html

September 19, 2019 - Changes to the FDIC's Post-Examination Survey Process - The Federal Deposit Insurance Corporation is notifying FDIC-supervised financial institutions that the Office of the Ombudsman � which is independent of the supervisory process, reports directly to the FDIC Chairman's office, and is a confidential resource for banks - is now administering the Post-Examination Survey process. www.fdic.gov/news/news/financial/2019/fil19050.html

September 19, 2019 - Notice of a Meeting under Expedited Procedures - A closed meeting of the Board of Governors of the Federal Reserve System was held at on September 19, 2019. Matter(s) considered: Periodic Supervisory Update. www.federalreserve.gov/aboutthefed/boardmeetings/20190919closed.htm

September 19, 2019 - Federal Reserve Board announces termination of enforcement action with Optimumbank Holdings, Inc. www.federalreserve.gov/newsevents/pressreleases/enforcement20190919a.htm

September 18, 2019 - Notice of a Meeting under Expedited Procedures - A closed meeting of the Board of Governors of the Federal Reserve System was held at 10:15 a.m. on September 17, 2019 and continued at 9:00 a.m. on September 18, 2019. Matter(s) considered: Discussion of Monetary Policy Issues. - Matter(s) Considered: Discussion of Monetary Policy Issues. www.federalreserve.gov/aboutthefed/boardmeetings/20190917closed.htm

September 18, 2019 - Federal Reserve Board and Federal Open Market Committee release economic projections from the September 17-18 FOMC meeting - The attached table and charts released on Wednesday summarize the economic projections and the target federal funds rate projections made by Federal Open Market Committee participants for the September 17-18 meeting. www.federalreserve.gov/newsevents/pressreleases/monetary20190918b.htm

September 18, 2019 - Federal Reserve issues FOMC statement - Information received since the Federal Open Market Committee met in July indicates that the labor market remains strong and that economic activity has been rising at a moderate rate. Job gains have been solid, on average, in recent months, and the unemployment rate has remained low. www.federalreserve.gov/newsevents/pressreleases/monetary20190918a.htm
 
September 18, 2019 - NCUA Advisory for Sept. 19 Board Meeting - The National Credit Union Administration is expecting an unusually large audience for its September 19 open Board meeting, and the agency is making special preparations. www.ncua.gov/newsroom/press-release/2019/ncua-advisory-sept-19-board-meeting

September 17, 2019 - FDIC Finalizes Rules to Simplify Capital Calculation for Qualifying Community Banking Organizations and to Early Adopt Certain Related Simplifications to the Regulatory Capital Requirements www.fdic.gov/news/news/press/2019/pr19080.html

September 17, 2019 - 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 9:30 a.m. on September 19, 2019. Matter(s) considered: Periodic Supervisory Update. - Matter(s) to be Considered: - Periodic Supervisory Update. www.federalreserve.gov/aboutthefed/boardmeetings/20190919closed.htm

September 17, 2019 - Statistical Release - Industrial Production and Capacity Utilization - Industrial production rose 0.6 percent in August after declining 0.1 percent in July. Manufacturing production increased 0.5 percent, more than reversing its decrease in July. www.federalreserve.gov/releases/g17/current/default.htm

September 16, 2019 - Final Opportunity to Qualify for Streamlined CDFI Application in 2019 Ends Oct. 5 - Federally insured, low-income credit unions that want to become certified Community Development Financial Institutions have until Oct. 5 to apply to use the National Credit Union Administration�s qualification process for streamlined CDFI certification. www.ncua.gov/newsroom/press-release/2019/final-opportunity-qualify-streamlined-cdfi-application-2019-ends-oct-5

September 16, 2019 - Appraisals : Appraisal Management Company Registration Requirements - The Office of the Comptroller of the Currency is issuing this bulletin to remind banks1 of the new registration requirement for appraisal management companies that became effective on August 10, 2019. www.occ.gov/news-issuances/bulletins/2019/bulletin-2019-43.html

September 13, 2019 - NCUA Awards $1.9 Million in Grants to 155 Low-Income Credit Unions - The NCUA awarded grants ranging from $1,900 to $100,000 to credit unions in 40 states and the District of Columbia. Thirty-one credit unions are first-time grant recipients. Fifty-eight are minority depository institutions. https://www.ncua.gov/newsroom/press-release/2019/ncua-awards-19-million-grants-155-low-income-credit-unions

September 13, 2019 - FDIC Releases Results of Summary of Deposits Annual Survey - The Federal Deposit Insurance Corporation today released results of its annual survey of branch office deposits for all FDIC-insured institutions as of June 30, 2019. www.fdic.gov/news/news/press/2019/pr19079.html

September 13, 2019 - 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 September 17, 2019. Matter(s) considered: Discussion of Monetary Policy Issues. www.federalreserve.gov/aboutthefed/boardmeetings/20190917closed.htm

September 13, 2019 - 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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September 12, 2019 - Testimony by Thomas Sullivan, Associate Director, Division of Supervision and Regulation Before the Committee on Banking, Housing, and Urban Affairs, U.S. Senate, Washington, D.C. www.federalreserve.gov/newsevents/testimony/sullivan20190912a.htm

September 11, 2019 - Federal Reserve Board announces approval of application by Vista Bank - The Federal Reserve Board on Wednesday announced its approval of the application under section 9 of the Federal Reserve Act by Vista Bank, Ralls, Texas, to establish a branch at 5840 West Northwest Highway, Dallas, Texas. www.federalreserve.gov/newsevents/pressreleases/orders20190911a.htm

September 11, 2019 - NCUA: Q2 2019 State Credit Union Data Report Now Available - Federally insured credit unions generally saw continued positive trends in the second quarter of 2019, according to the latest NCUA Quarterly U.S. Map Review. www.ncua.gov/newsroom/press-release/2019/ncua-q2-2019-state-credit-union-data-report-now-available

September 11, 2019 - NCUA Chairman Hood Appoints Michael Sinacore as Deputy Director for External Affairs and Communications - Sinacore joins the NCUA from the Office of Sen. Deb Fischer, where he served as a legislative assistant, focusing on economic policy. He will report to Lenwood Brooks, Chairman Hood�s Acting Chief of Staff. www.ncua.gov/newsroom/press-release/2019/ncua-chairman-hood-appoints-michael-sinacore-deputy-director-external-affairs-and-communications

September 10, 2019 - Comptroller of the Currency Discusses Community Reinvestment Act, Honored for his Philanthropy - Comptroller of the Currency Joseph Otting today discussed community reinvestment and economic opportunity during remarks at the 2019 Illumination Reception hosted by the Oasis Center International, in Santa Ana, Calif. www.occ.gov/news-issuances/news-releases/2019/nr-occ-2019-105.html

September 10, 2019 - NCUA�s Hood: �Working Together is Success� - The success of the credit union system rests on credit unions and the National Credit Union Administration working together, NCUA Chairman Rodney E. Hood said today. www.ncua.gov/newsroom/press-release/2019/ncuas-hood-working-together-success

September 10, 2019 - NCUA - Harper: Learn from the Past; Focus on the Future - NCUA Board Member Discusses Risk, Innovation, Inclusion, and Consumer Financial Protection - Speaking to a Women in Housing and Finance Policy event today, Harper said America�s credit unions, the NCUA, and the financial system at large face a variety of risks as the financial and social environment undergoes rapid change. www.ncua.gov/newsroom/press-release/2019/harper-learn-past-focus-future

September 10, 2019 - NCUA Chairman Rodney E. Hood Remarks - NAFCU Congressional Caucus.  www.ncua.gov/newsroom/speech/2019/ncua-chairman-rodney-e-hood-remarks-nafcu-congressional-caucus

September 10, 2019 - NCUA Board Member Todd M. Harper Remarks - Women in Housing and Finance Policy Lunch.  www.ncua.gov/newsroom/speech/2019/ncua-board-member-todd-m-harper-remarks-women-housing-and-finance-policy-lunch

September 10, 2019 - Federal Reserve Board announces termination of enforcement action with Homestar Financial Group.   www.federalreserve.gov/newsevents/pressreleases/enforcement20190910a.htm

September 9, 2019 - Comptroller of the Currency Visits Compton, California, to Discuss How to Increase Community Reinvestment - Comptroller of the Currency Joseph Otting today visited Compton, California, and met with community stakeholders and bankers to discuss how to encourage more lending, investment, and bank services in areas that need it most. www.occ.gov/news-issuances/news-releases/2019/nr-occ-2019-104.html

September 9, 2019 - OCC Hosts Compliance and Operational Risk Workshops in Los Angeles - The Office of the Comptroller of the Currency will host two workshops in Los Angeles at the Federal Reserve Bank of Los Angeles, October 22 and 23, for directors of national community banks and federal savings associations supervised by the OCC. www.occ.gov/news-issuances/news-releases/2019/nr-occ-2019-103.html
 
September 9, 2019 - Interactive Maps Detail Burden of Student Debt in the Bay Area - A new interactive mapping tool released today by the Federal Reserve Bank of San Francisco provides an in-depth look at student loan borrowing and repayment in the nine-county San Francisco Bay Area. www.frbsf.org/our-district/press/news-releases/2019/interactive-maps-detail-burden-of-student-debt-in-the-bay-area/

September 9, 2019 - Request for Comments on Interest Rate Restrictions Applicable to Institutions That Are Less Than Well Capitalized.  www.fdic.gov/news/news/financial/2019/fil19049.html

September 9, 2019 - Statistical Release - Consumer Credit - G.19 - In July, consumer credit increased at a seasonally adjusted annual rate of 6-3/4 percent. Revolving credit increased at an annual rate of 11-1/4 percent, while nonrevoving credit increased at an annual rate of 5-1/4 percent. www.federalreserve.gov/releases/g19/current/default.htm

September 6, 2019 - OCC Releases CRA Evaluations for 26 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 August 1, 2019 through August 31, 2019. www.occ.gov/news-issuances/news-releases/2019/nr-occ-2019-102.html

September 6, 2019 - Emerging Trends in the U.S. and Colorado Economies By Alison Felix Economist and Branch Executive Federal Reserve Bank of Kansas City Denver Branch.   www.kansascityfed.org/~/media/files/publicat/speeches/2019/2019-felix-cada-09-06.pdf

September 6, 2019 - Emerging Trends in the U.S. and Wyoming Economies By Sam Chapman Associate Economist Federal Reserve Bank of Kansas City Denver Branch.   www.kansascityfed.org/~/media/files/publicat/speeches/2019/2019-chapman-wyworking-09-06.pdf

September 6, 2019 - Sellin' in the Rain: Adaptation to Weather and Climate in the Retail Sector - Brigitte Roth Tran - Using novel methodology and proprietary daily store-level sporting goods and apparel brand data, I find that, consistent with long-run adaptation to climate, sales sensitivity to weather declines with historical norms and variability of weather. www.federalreserve.gov/econres/feds/files/2019067pap.pdf

September 6, 2019 - Globalization and the Geography of Capital Flows - Carol C. Bertaut, Beau Bressler, and Stephanie Curcuru - After the global financial crisis, the G20 supported efforts to improve global capital flow and investment statistics, with the goal of better understanding cross-border financial linkages and investor exposures.  www.federalreserve.gov/econres/notes/feds-notes/globalization-and-the-geography-of-capital-flows-20190906.htm

September 6, 2019 - Publications - Efforts of the U.S. Department of the Treasury and the Board of Governors of the Federal Reserve System with respect to Global Insurance Regulatory or Supervisory Forums.  www.federalreserve.gov/publications/efforts-of-the-treasury-and-federal-reserve-system-with-respect-to-global-insurance-regulatory-supervisory-forums.htm

September 6, 2019 - FOIA - Chair Powell's calendar, July 2019.  www.federalreserve.gov/foia/chairman-powell-calendar-072019.htm

September 6, 2019 - Credit and Liquidity Programs and the Balance Sheet - Recent balance sheet trends, weekly chart update.  www.federalreserve.gov/monetarypolicy/bst_recenttrends.htm

September 6, 2019 - Federal Reserve Board invites public comment on proposal to establish capital requirements for certain insurance companies supervised by the Board The proposal builds on existing state-based insurance standards, while also establishing minimum capital requirements that are specific to the business of insurance. www.federalreserve.gov/newsevents/pressreleases/bcreg20190906a.htm

September 5, 2019 - Policy Uncertainty and Bank Mortgage Credit - Gazi I. Kara and Youngsuk Yook - We document that banks reduce supply of jumbo mortgage loans when policy uncertainty increases as measured by the timing of US gubernatorial elections in banks' headquarter states. www.federalreserve.gov/econres/feds/files/2019066pap.pdf

September 5, 2019 - Federal Reserve Board announces approval of application by Hancock Whitney Corporation.  www.federalreserve.gov/newsevents/pressreleases/orders20190905a.htm
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September 5, 2019 - Detroit Economic Activity Index - The Detroit Economic Activity Index measures growth in economic activity for the city of Detroit. The index is constructed using a mixed-frequency dynamic factor model of 23 Detroit-specific data series capturing income, employment, residential and commercial real estate activity, electric customer counts, tax revenues, and port activity. www.chicagofed.org/publications/deai/index

September 5, 2019 - FDIC-Insured Institutions Report Net Income of $62.6 Billion in Second Quarter 2019 - For the 5,303 commercial banks and savings institutions insured by the Federal Deposit Insurance Corporation, aggregate net income totaled $62.6 billion in second quarter 2019, an increase of $2.5 billion (4.1 percent) from a year earlier. www.fdic.gov/news/news/press/2019/pr19078.html

September 5, 2019 - FDIC Issues List of Banks Examined for CRA Compliance - The list covers evaluation ratings that the FDIC assigned to institutions in June 2019. www.fdic.gov/news/news/press/2019/pr19077.html

September 5, 2019 - Policy Uncertainty and Bank Mortgage Credit - Gazi I. Kara and Youngsuk Yook - We document that banks reduce supply of jumbo mortgage loans when policy uncertainty increases as measured by the timing of US gubernatorial elections in banks' headquarter states. www.federalreserve.gov/econres/feds/2019.htm#2019066

September 5, 2019 - Payment Systems - $1 Coin Quarterly Inventories, Payments, and Receipts, Q2 update.   www.federalreserve.gov/paymentsystems/coin_data.htm

September 5, 2019 - Regulatory Reform - Communications with the public through September 5, 2019.  www.federalreserve.gov/reform.htm

September 5, 2019 - Speech by Vice Chair for Supervision Quarles on refining the stress capital buffer At Program on International Financial Systems Conference, Frankfurt, Germany.   www.federalreserve.gov/newsevents/speech/quarles20190905a.htm

September 5, 2019 - Federal Reserve Board issues enforcement action with First State Bank Nebraska and announces termination of enforcement action with American Express Bank International.   www.federalreserve.gov/newsevents/pressreleases/enforcement20190905a.htm

September 4, 2019 - North American Trade and the Auto Sector: Welcome and Opening Remarks A speech presented on September 4, 2019, at Forging a New Path for North American Trade: The Auto Sector, a conference in Detroit, MI. www.chicagofed.org/publications/speeches/2019/north-american-trade-and-auto-sector

September 4, 2019 - NCUA Releases Q2 2019 Credit Union System Performance Data - Data on the financial performance of federally insured credit unions for the quarter ending June 30, 2019, are now available from the National Credit Union Administration. www.ncua.gov/newsroom/press-release/2019/ncua-releases-q2-2019-credit-union-system-performance-data

September 4, 2019 - Chairman Hood: NCUA Will Take Phased Approach to Implement FOM Rule - National Credit Union Administration Chairman Rodney E. Hood issued the following detailed statement in response to the Aug. 20, 2019, D.C. Circuit Court of Appeals decision in American Bankers Association v. National Credit Union Administration: www.ncua.gov/newsroom/press-release/2019/chairman-hood-ncua-will-take-phased-approach-implement-fom-rule

September 4, 2019 - Does Trade Policy Uncertainty Affect Global Economic Activity? - Dario Caldara, Matteo Iacoviello, Patrick Molligo, Andrea Prestipino, and Andrea Raffo - Trade negotiations and proposals for a new approach to trade policy have become the focus of increased attention among investors, politicians, and market participants. www.federalreserve.gov/econres/notes/feds-notes/does-trade-policy-uncertainty-affect-global-economic-activity-20190904.htm

September 4, 2019 - The Economic Effects of Trade Policy Uncertainty - Dario Caldara, Matteo Iacoviello, Patrick Molligo, Andrea Prestipino, and Andrea Raffo - We study the effects of unexpected changes in trade policy uncertainty on the U.S. economy. www.federalreserve.gov/econres/ifdp/files/ifdp1256.pdf

September 4, 2019 - Report to the Congress - Government-Administered, General-Use Prepaid Cards, September 2019 - 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

September 4, 2019 - Beige Book - Informal review by the Federal Reserve Banks of current economic conditions in their Districts.  www.federalreserve.gov/monetarypolicy/beigebook201909.htm

September 4, 2019 - Introductory remarks by Governor Bowman At a Fed Listens Event sponsored by the Federal Reserve Bank of St. Louis, St. Louis, Missouri.   www.federalreserve.gov/newsevents/speech/bowman20190904a.htm

September 3, 2019 - Speakers Announced for 2019 Community Banking Research Conference - Featured speakers have been announced for the seventh annual Community Banking in the 21st Century research and policy conference that will be held Oct. 1-2, 2019, at the Federal Reserve Bank of St. Louis: www.stlouisfed.org/news-releases/2019/09/speakers-announced-for-2019-community-banking-research-conference

September 3, 2019 - Statistical Release - Foreign Exchange Rates - G.5 - The table below shows the average rates of exchange in AUGUST 2019 together with comparable figures for other months. www.federalreserve.gov/releases/g5/current/default.htm

September 3, 2019 - Improving the Accuracy of Economic Measurement with Multiple Data Sources: The Case of Payroll Employment Data - Tomaz Cajner, Leland D. Crane, Ryan A. Decker, Adrian Hamins-Puertolas, Christopher Kurz - This paper combines information from two sources of U.S. private payroll employment to increase the accuracy of real-time measurement of the labor market. www.federalreserve.gov/econres/feds/files/2019065pap.pdf