The E-mail Banking News
(Bank Regulatory News)

September 2020

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September 30, 2020 - St. Louis Fed’s Housing Market Perspectives: Storm Clouds Approaching the Housing Market - Recent increases in housing starts, home sales and home prices could be a harbinger for the broader economy.  www.stlouisfed.org/news-releases/2020/09/30/st-louis-fed-housing-market-perspectives-storm-clouds-approaching-the-housing-market
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September 30, 2020 - St. Louis Fed's Housing Market Perspectives: Storm Clouds Approaching the Housing Market - Recent increases in housing starts, home sales and home prices could be a harbinger for the broader economy. But these positive signs may not point to a broader recovery in the near future, according to a new analysis by the Federal Reserve Bank of St. Louis. www.stlouisfed.org/news-releases/2020/09/30/st-louis-fed-housing-market-perspectives-storm-clouds-approaching-the-housing-market

September 30, 2020 - Midwest Economy Index Suggests Growth Above Trend Through August - The Midwest Economy Index, which approximates quarterly growth at a monthly frequency, rose to +1.59 in August from �3.58 in July.  www.chicagofed.org/~/media/publications/mei/2020/mei-august2020-pdf.pdf

September 30, 2020 - From Crisis to Good Trouble: How Chicago�s Neighborhoods are Navigating the Covid Pandemic - By Lisa Camner McKay - Experts from five Chicago nonprofit organizations and research institutions convened for a Project Hometown event on September 25 to discuss the coronavirus pandemic�s impact on the health and economy of Chicago�s diverse neighborhoods. www.chicagofed.org/publications/blogs/chicago-fed-insights/2020/from-crisis-to-good-trouble

September 30, 2020 - NCUA Issues Prohibition Notice - The National Credit Union Administration issued one prohibition notice in September. This individual is prohibited from participating in the affairs of any federally insured financial institution. www.ncua.gov/newsroom/press-release/2020/ncua-issues-prohibition-notice-2

September 30, 2020 - Truth in Lending Act : Revised Interagency Examination Procedures - 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/2020/bulletin-2020-84.html

September 30, 2020 - A closed meeting of the Board of Governors of the Federal Reserve System was held at on September 30, 2020. Matter(s) considered: Bank Applications Matter. - On Wednesday, September 30, 2020 at 10:00 a.m., a meeting of the Board of Governors of the Federal Reserve System was held under expedited procedures, as set forth in section 261b.7 of the Board's Rules Regarding Public Observation of Meetings, via conference call, to consider the following matters of official Board business. www.federalreserve.gov/aboutthefed/boardmeetings/20200930closed.htm

September 30, 2020 - Discount Window Lending, 2018:Q3 - Federal Reserve lending to depository institutions plays an important role in supporting the liquidity and stability of the banking system and the effective implementation of monetary policy. www.federalreserve.gov/regreform/discount-window.htm

September 30, 2020 - Community Banks Rise to the Challenge Governor Michelle W. Bowman At "Community Banking in the 21st Century," Research Conference, the Federal Reserve Bank of St. Louis, St. Louis, Missouri (via webcast).  www.federalreserve.gov/newsevents/speech/bowman20200930a.htm

September 30, 2020 - Federal Reserve Board invites public comment on proposal that would update the Board's capital planning requirements to be consistent with other Board rules that were recently modified.  www.federalreserve.gov/newsevents/pressreleases/bcreg20200930a.htm

September 29, 2020 - NCUA - Chairman Hood Congratulates Jones on Selection as 2020 Fellow by the National Academy of Public Administration.  www.ncua.gov/newsroom/press-release/2020/chairman-hood-congratulates-jones-selection-2020-fellow-national-academy-public-administration

September 29, 2020 - Real Estate Appraisals : Final Rule - The Office of the Comptroller of the Currency, the Board of Governors of the Federal Reserve System, and the Federal Deposit Insurance Corporation, today approved a final rule that allows financial institutions to defer completion of appraisals and evaluations for 120 days after the closing of residential and commercial real estate transactions.
Press Release: www.fdic.gov/news/financial-institution-letters/2020/fil20094.html
Press Release: www.occ.gov/news-issuances/bulletins/2020/bulletin-2020-83.html

September 29, 2020 - Supplementary Senior Loan Officer Opinion Survey on Bank Lending Practices, September 2020 - The Federal Reserve conducted a supplementary Senior Loan Officer Opinion Survey on Bank Lending Practices to understand the experiences of domestically chartered banks with the Main Street Lending Program.  www.federalreserve.gov/data/sloos/sloos-202009.htm

September 29, 2020 - Agencies issue two final rules - The federal bank regulatory agencies finalized two rules, which are either identical or substantially similar to interim final rules currently in effect and issued earlier this year. 
Press Release: www.federalreserve.gov/newsevents/pressreleases/bcreg20200929a.htm
Press Release: www.fdic.gov/news/press-releases/2020/pr20106.html
Press Release: www.occ.gov/news-issuances/news-releases/2020/nr-ia-2020-129.html

September 29, 2020 - Federal Reserve Board announces termination of enforcement actions with Habib Bank Limited and Habib Bank Limited New York Branch and Persons Banking Company, Inc. www.federalreserve.gov/newsevents/pressreleases/enforcement20200929a.htm

September 28, 2020 - Investor Sentiment and the (Discretionary) Accrual-return Relation - Jiajun Jiang, Qi Liu, and Bo Sun - Discretionary accruals are positively associated with stock returns at the aggregate level but negatively so in the cross section.  www.federalreserve.gov/econres/ifdp/investor-sentiment-and-the-discretionary-accrual-return-relation.htm

September 28, 2020 - Advanced Notice of a Meeting under Expedited Procedures - A closed meeting of the Board of Governors of the Federal Reserve System will be held under expedited procedures at 10:00 a.m. on September 30, 2020. Matter(s) considered: Bank Applications Matter. www.federalreserve.gov/aboutthefed/boardmeetings/20200930closed.htm

September 28, 2020 - Insurance Policy Advisory Committee - The Insurance Policy Advisory Committee was established at the Board of Governors in 2018 by section 211(b) of the Economic Growth, Regulatory Relief, and Consumer Protection Act. The IPAC provides information, advice, and recommendations to the Board on international insurance capital standards and other insurance issues. www.federalreserve.gov/aboutthefed/ipac.htm

September 28, 2020 - Wealth and Income Concentration in the SCF: 1989�2019 - Jesse Bricker, Sarena Goodman, Kevin B. Moore, and Alice Henriques Volz with assistance from Dalton Ruh - Understanding how economic growth diffuses across the population is a key economic issue.  www.federalreserve.gov/econres/notes/feds-notes/wealth-and-income-concentration-in-the-scf-20200928.htm

September 28, 2020 - Disparities in Wealth by Race and Ethnicity in the 2019 Survey of Consumer Finances - Neil Bhutta, Andrew C. Chang, Lisa J. Dettling, and Joanne W. Hsu with assistance from Julia Hewitt - New data from the 2019 Survey of Consumer Finances show that long-standing and substantial wealth disparities between families in different racial and ethnic groups were little changed since the last survey in 2016; the typical White family has eight times the wealth of the typical Black family and five times the wealth of the typical Hispanic family. www.federalreserve.gov/econres/notes/feds-notes/disparities-in-wealth-by-race-and-ethnicity-in-the-2019-survey-of-consumer-finances-20200928.htm

September 28, 2020 - 2019 Survey of Consumer Finances - The 2019 Survey of Consumer Finances is the most recent survey conducted. Below are links to the bulletin article, interactive chartbook, historical bulletin tables, full public dataset, extract dataset, replicate weight files, and documentation. www.federalreserve.gov/econres/scfindex.htm

September 28, 2020 - Changes in U.S. Family Finances from 2016 to 2019: Evidence from the Survey of Consumer Finances - The Federal Reserve Board�s Survey of Consumer Finances for 2019 provides insights into the evolution of family income and net worth since the previous time the survey was conducted in 2016.  https://www.federalreserve.gov/publications/2020-bulletin.htm

September 28, 2020 - A closed meeting of the Board of Governors of the Federal Reserve System was held at on September 28, 2020. Matter(s) considered: Periodic Supervisory Update.   www.federalreserve.gov/aboutthefed/boardmeetings/20200928closed.htm

September 25, 2020 - NCUA Chairman Rodney E. Hood's Statement During the FSOC Principals Meeting.  www.ncua.gov/newsroom/speech/2020/ncua-chairman-rodney-e-hoods-statement-during-fsoc-principals-meeting

September 25, 2020 - Statement by the Acting Comptroller of the Currency Regarding FSOC�s Consideration of Secondary Mortgage Market Activities www.occ.gov/news-issuances/news-releases/2020/nr-occ-2020-128.html

September 25, 2020 - Community Banks: Stability in Crisis and Catalysts for Recovery By Esther George President and Chief Executive Officer Federal Reserve Bank of Kansas City.   www.kansascityfed.org/~/media/files/publicat/speeches/2020/2020-george-colorado-09-25.pdf

September 25, 2020 - FDIC Makes Public August Enforcement Actions - The FDIC issued 13 orders in August 2020. The administrative enforcement actions in those orders consisted of one consent order under 8(b), four orders of prohibition under 8(e), and eight Section 19 orders. www.fdic.gov/news/press-releases/2020/pr20105.html

September 25, 2020 - What Do Quoted Spreads Tell Us About Machine Trading at Times of Market Stress? Evidence from Treasury and FX Markets during the COVID-19-Related Market Turmoil in March 2020 - Dobrislav Dobrev and Andrew Meldrum - The electronic platforms where recently-issued Treasury securities and Treasury futures contracts are traded are the most liquid markets for government securities in the world.  www.federalreserve.gov/econres/notes/feds-notes/what-do-quoted-spreads-tell-us-about-machine-trading-market-stress-march-2020-20200925.htm

September 25, 2020 - Retrospective: The Agency MBS Market on October 15, 2014 - James Collin Harkrader and Michael Puglia - This FEDS Note is the third in a three-part series on Treasury and agency MBS market structure. www.federalreserve.gov/econres/notes/feds-notes/retrospective-the-agency-mbs-market-on-october-15-2014-20200924.htm

September 25, 2020 - Credit and Liquidity Programs and the Balance Sheet - Recent balance sheet trends, weekly chart update.  www.federalreserve.gov/monetarypolicy/bst_recenttrends.htm

September 25, 2020 - Semiannual Report on Banking Applications Activity: January 1-June 30, 2020 - This report provides information regarding the applications filed by banking organizations and reviewed by the Federal Reserve as of the most recent reporting period ending on June 30 and December 31 of each calendar year. www.federalreserve.gov/publications/semiannual-report-on-banking-applications-activity.htm

September 25, 2020 - Federal Reserve Board amends implementation date of modifications to Reserve Bank payment services and corresponding changes to the Policy on Payment System Risk www.federalreserve.gov/newsevents/pressreleases/other20200925a.htm

September 24, 2020 - FDIC Systemic Resolution Advisory Committee to Discuss the FDIC's Progress on Systemic Resolution - The FDIC created the Systemic Resolution Advisory Committee in 2011 to provide advice and recommendations on a broad range of issues relevant to the failure and resolution of systemically important financial institutions. www.fdic.gov/news/press-releases/2020/pr20104.html
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September 24, 2020 - Chicago Fed President Charles Evans Discusses Challenges and Opportunities in Chicago�s Hardest-Hit Neighborhoods A speech presented virtually on September 24, 2020, at the Illinois Chamber of Commerce Annual Meeting. www.chicagofed.org/publications/speeches/2020/challenges-opportunities-in-hardest-hit-neighbordhoods

September 24, 2020 - U.S. and Regional Economic Outlook By Nicholas Sly Assistant Vice President, Economist and Denver Branch Executive.   www.kansascityfed.org/~/media/files/publicat/speeches/2020/2020-sly-chfa-09-23.pdf

September 24, 2020 - St. Louis Fed's Bullard Discusses COVID-19 and the U.S. Economy - Federal Reserve Bank of St. Louis President James Bullard presented �COVID-19 and the U.S. Economy: Progress on Health and Incomes� via webinar for the Global Interdependence Center on Thursday. www.stlouisfed.org/news-releases/2020/09/24/bullard-discusses-covid-19-and-us-economy

September 24, 2020 - Retrospective: The Agency MBS Market on October 15, 2014 - James Collin Harkrader and Michael Puglia - This FEDS Note is the third in a three-part series on Treasury and agency MBS market structure. The time period under study in this series ends in 2019 and therefore does not consider the significant events that have occurred in Treasury and agency MBS markets in 2020. www.federalreserve.gov/econres/notes/feds-notes/retrospective-the-agency-mbs-market-on-october-15-2014-20200924.htm

September 24, 2020 - Advanced Notice of a Meeting under Expedited Procedures - A closed meeting of the Board of Governors of the Federal Reserve System will be held under expedited procedures at 9:00 a.m. on September 28, 2020. Matter(s) considered: Periodic Supervisory Update. www.federalreserve.gov/aboutthefed/boardmeetings/20200928closed.htm

September 23, 2020 - Statement on the Passing of the 23rd Comptroller of the Currency James E. Smith - Comptroller Smith had a distinguished career that included serving as Deputy Under Secretary of the Treasury before being named Comptroller by President Richard Nixon. www.occ.gov/news-issuances/news-releases/2020/nr-occ-2020-127.html

September 23, 2020 - OCC Reports Decline in Mortgage Performance - The Office of the Comptroller of the Currency reported the performance of first-lien mortgages in the federal banking system declined during the second quarter of 2020. www.occ.gov/news-issuances/news-releases/2020/nr-occ-2020-126.html

September 23, 2020 - U.S. and Regional Economic Outlook - By Nicholas Sly Assistant Vice President, Economist and Denver Branch Executive.   www.kansascityfed.org/~/media/files/publicat/speeches/2020/2020-sly-nmef-9-23.pdf

September 23, 2020 - Regulatory Relief: Guidance to Help Financial Institutions and Facilitate Recovery in Areas of Alabama Affected by Hurricane Sally.  www.fdic.gov/news/financial-institution-letters/2020/fil20092.html

September 23, 2020 - Investor Sentiment and the (Discretionary) Accrual-return Relation - Jiajun Jiang, Qi Liu, and Bo Sun - Discretionary accruals are positively associated with stock returns at the aggregate level but negatively so in the cross section. Using Baker-Wurgler investor sentiment index, we find that a significant presence of sentiment-driven investors is important in accounting for both patterns. www.federalreserve.gov/econres/ifdp/investor-sentiment-and-the-discretionary-accrual-return-relation.htm

September 23, 2020 - Revealing Cluster Structures Based on Mixed Sampling Frequencies - Yeonwoo Rho, Yun Liu, and Hie Joo Ahn - This paper proposes a new nonparametric mixed data sampling model and develops a framework to infer clusters in a panel regression with mixed frequency data.  www.federalreserve.gov/econres/feds/revealing-cluster-structures-based-on-mixed-sampling-frequencies.htm

September 23, 2020 - Speech by Vice Chair for Supervision Quarles on optimism in the time of COVID At the 2020 Virtual D.C. Summit, Institute of International Bankers, Washington, D.C. (via webcast). www.federalreserve.gov/newsevents/speech/quarles20200923a.htm

September 22, 2020 - Testimony by Chair Powell on Coronavirus Aid, Relief, and Economic Security Act Before the Committee on Financial Services, U.S. House of Representatives, Washington, D.C. www.federalreserve.gov/newsevents/testimony/powell20200922a.htm

September 21, 2020 - Standardized Approach for Counterparty Credit Risk; Correction : Final Rule - The Office of the Comptroller of the Currency, along with the Board of Governors of the Federal Reserve System and the Federal Deposit Insurance Corporation published a final rule in the Federal Register on September 17, 2020, that makes technical corrections to certain provisions of the capital rule related to the standardized approach for counterparty credit risk which is used for calculating the exposure amount of derivative contracts. www.occ.gov/news-issuances/bulletins/2020/bulletin-2020-82.html

September 21, 2020 - Litton Joins St. Louis Fed�s Agribusiness Industry Council - Wade Litton, president and CEO of Greenwood, Miss.-based Wade Inc., has been named to the Agribusiness Industry Council of the Federal Reserve Bank of St. Louis. www.stlouisfed.org/news-releases/2020/09/21/litton-joins-st-louis-fed-agribusiness-industry-council

September 21, 2020 - NCUA - Chairman Rodney E. Hood�s Remarks before the World Council of Credit Unions/Credit Union National Association Webinar: �An International Perspective on Financial Inclusion, Social Justice and Credit Union Regulatory Advocacy� www.ncua.gov/newsroom/speech/2020/chairman-rodney-e-hoods-remarks-world-council-credit-unionscredit-union-national-association-webinar

September 21, 2020 - St. Louis Fed Presents: Housing Insecurity in the Time of COVID-19 - Will the COVID-19 recession create a housing crisis as severe as that of the Great Recession? Millions of Americans lost their housing in the recession a decade ago and, while this recession is unique, the risk of another severe housing crisis is significant. www.stlouisfed.org/news-releases/2020/09/21/st-louis-fed-presents-housing-insecurity-in-the-time-of-covid-19

September 21, 2020 - Chicago Fed National Activity Index Suggests Slower, but Still Above-Average Growth in August - Led by some further moderation in the growth of production-related indicators, the Chicago Fed National Activity Index declined to +0.79 in August from +2.54 in July.  www.chicagofed.org/~/media/publications/cfnai/2020/cfnai-september2020-pdf.pdf

September 21, 2020 - Chairman Rodney E. Hood�s Remarks before the World Council of Credit Unions/Credit Union National Association Webinar: �An International Perspective on Financial Inclusion, Social Justice and Credit Union Regulatory Advocacy.� www.ncua.gov/newsroom/speech/2020/chairman-rodney-e-hoods-remarks-world-council-credit-unionscredit-union-national-association-webinar

September 21, 2020 - Federally Chartered Banks and Thrifts May Engage in Certain Stablecoin Activities - The Office of the Comptroller of the Currency -today published a letter clarifying national banks' and federal savings associations' authority to hold "reserves" on behalf of customers who issue certain stablecoins. www.occ.gov/news-issuances/news-releases/2020/nr-occ-2020-125.html

September 21, 2020 - OCC Announces Settlements With Three Former Senior Wells Fargo Bank Executives - The Office of the Comptroller of the Currency today announced settlements with three former senior executives of Wells Fargo Bank, N.A., Sioux Falls, South Dakota, for their roles in the bank�s systemic sales practices misconduct. www.occ.gov/news-issuances/news-releases/2020/nr-occ-2020-124.html

September 21, 2020 - Acting Comptroller of the Currency Statement on Federal Reserve Board�s Action to Modernize the Community Reinvestment Act.  www.occ.gov/news-issuances/news-releases/2020/nr-occ-2020-123.html

September 21, 2020 - Litton Joins St. Louis Fed�s Agribusiness Industry Council - Wade Litton, president and CEO of Greenwood, Miss.-based Wade Inc., has been named to the Agribusiness Industry Council of the Federal Reserve Bank of St. Louis. www.stlouisfed.org/news-releases/2020/09/21/litton-joins-st-louis-fed-agribusiness-industry-council

September 21, 2020 - Investor Sentiment and the (Discretionary) Accrual-return Relation - Jiajun Jiang, Qi Liu, and Bo Sun - Discretionary accruals are positively associated with stock returns at the aggregate level but negatively so in the cross section.   www.federalreserve.gov/econres/ifdp/investor-sentiment-and-the-discretionary-accrual-return-relation.htm

September 21, 2020 - Statistical Release - Finance Companies - G.20.  www.federalreserve.gov/releases/g20/current/g20.htm

September 21, 2020 - Avoiding Sovereign Default Contagion: A Normative Analysis - Sergio de Ferra and Enrico Mallucci - Sovereign debt crises happen in waves, spreading from one country to the other.  www.federalreserve.gov/econres/notes/feds-notes/avoiding-sovereign-default-contagion-a-normative-analysis-20200921.htm

September 21, 2020 - Strengthening the CRA to Meet the Challenges of Our Time Governor Lael Brainard At the Urban Institute, Washington, D.C.  www.federalreserve.gov/newsevents/speech/brainard20200921a.htm

September 21, 2020 - 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/

September 21, 2020 - Federal Reserve Board issues Advance Notice of Proposed Rulemaking on an approach to modernize regulations that implement the Community Reinvestment Act - The ANPR seeks feedback on ways to evaluate how banks meet the needs of low- and moderate-income (LMI) communities and address inequities in credit access. www.federalreserve.gov/newsevents/pressreleases/bcreg20200921a.htm

September 18, 2020 - Regulatory Relief: Guidance to Help Financial Institutions and Facilitate Recovery in Areas of Oregon Affected by Wildfires and Straight-Line Winds - The FDIC has announced a series of steps intended to provide regulatory relief to financial institutions and facilitate recovery in areas of Oregon affected by wildfires and straight-line winds. www.fdic.gov/news/financial-institution-letters/2020/fil20091.html
 
September 18, 2020 - 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, 2020.  www.fdic.gov/news/press-releases/2020/pr20103.html

September 18, 2020 - FDIC Launches Its First-Ever Academic Challenge - The Federal Deposit Insurance Corporation today announced the launch of the agency�s first-ever Academic Challenge, a competition among teams of university and college students to address questions concerning the U.S. banking sector. www.fdic.gov/news/press-releases/2020/pr20102.html

September 18, 2020 - Investor Sentiment and the (Discretionary) Accrual-return Relation - Jiajun Jiang, Qi Liu, and Bo Sun - Discretionary accruals are positively associated with stock returns at the aggregate level but negatively so in the cross section. Using Baker-Wurgler investor sentiment index, we find that a significant presence of sentiment-driven investors is important in accounting for both patterns. www.federalreserve.gov/econres/ifdp/investor-sentiment-and-the-discretionary-accrual-return-relation.htm

September 18, 2020 - FEDS Notes - SRISKv2 - A Note - Marco Migueis and Alexander Jiron - SRISK, introduced in Brownlees and Engle (2016), is one of the most influential systemic importance metrics for financial firms with over 500 citations according to Google Scholar as of this manuscript completion. www.federalreserve.gov/econres/notes/feds-notes/sriskv2-a-note-20200918.htm

September 18, 2020 - Credit and Liquidity Programs and the Balance Sheet - Recent balance sheet trends, weekly chart update.  www.federalreserve.gov/monetarypolicy/bst_recenttrends.htm

September 18, 2020 - Central Banks' Financial Stability Communications during the COVID-19 Pandemic - Jerry Yang, Ricardo Correa, and Juan M. Londono - The COVID-19 pandemic has led to the implementation of unprecedented policy actions by central banks around the world.  www.federalreserve.gov/econres/notes/feds-notes/central-banks-financial-stability-communications-during-the-covid-19-pandemic-20200918.htm

September 18, 2020 - Boom Town Business Dynamics - Ryan A. Decker, Meagan McCollum, and Gregory B. Upton Jr. - The shale oil and gas boom in the U.S. provides a unique opportunity to study economic growth in a "boom town" environment, to derive insights about economic expansions more generally, and to obtain clean identification of the causal effects of economic growth on specific margins of business adjustment. www.federalreserve.gov/econres/feds/boom-town-business-dynamics.htm

September 18, 2020 - Correcting for Endogeneity in Models with Bunching - Carolina Caetano, Gregorio Caetano, and Eric Nielsen - We show that in models with endogeneity, bunching at the lower or upper boundary of the distribution of the treatment variable may be used to build a correction for endogeneity.  www.federalreserve.gov/econres/feds/correcting-for-endogeneity-in-models-with-bunching.htm

September 18, 2020 - Investor Demands for Safety, Bank Capital, and Liquidity Measurement - Wayne Passmore and Judit Temesvary - We construct a model of a bank's optimal funding choice, where the bank negotiates with both safety-driven short-term bondholders and risk-taking long-term bondholders. www.federalreserve.gov/econres/feds/investor-demands-for-safety-bank-capital-and-liquidity-measurement.htm

September 18, 2020 - Trade Credit, Markups, and Relationships - Alvaro Garcia-Marin, Santiago Justel, and Tim Schmidt-Eisenlohr - Trade credit is the most important form of short-term finance for firms. In 2019, U.S. non-financial firms had about $4.5 trillion in trade credit outstanding equaling 21 percent of U.S. GDP.  www.federalreserve.gov/econres/ifdp/trade-credit-markups-and-relationships.htm

September 18, 2020 - Intermediary Asset Pricing during the National Banking Era - Colin R. Weiss - Financial intermediary balance sheets matter for asset returns even when these intermediaries do not directly participate in the relevant asset markets.  www.federalreserve.gov/econres/ifdp/intermediary-asset-pricing-during-the-national-banking-era.htm


September 18, 2020 - Exchange Rates and Endogenous Productivity - Nils Gornemann, Pablo Guerron-Quintana, and Felipe Saffie - Real exchange rates display sizable uctuations not only over the business cycle, but also at lower frequencies, resulting in large and persistent swings over decades|facts that many business cycle models struggle to match. www.federalreserve.gov/econres/ifdp/exchange-rates-and-endogenous-productivity.htm


September 18, 2020 - The Stock Market Response to a "Regulatory Sine Curve" - Bo Sun, Xuan Tam, and Eric Young - We construct new indicators of financial regulatory intensity and find evidence that a "regulatory sine curve" generally exists: regulatory oversight increases following a recession and wanes as the economy returns to normalcy. www.federalreserve.gov/econres/ifdp/the-stock-market-response-to-a-regulatory-sine-curve.htm


September 18, 2020 - Does Unemployment Risk Affect Business Cycle Dynamics? - Sebastian Graves - In this paper, I show that the decline in household consumption during unemployment spells depends on both liquid and illiquid asset positions.  www.federalreserve.gov/econres/ifdp/does-unemployment-risk-affect-business-cycle-dynamics.htm


September 18, 2020 - Underlying Inflation: Its Measurement and Significance - Jeremy B. Rudd - Underlying inflation is the rate of inflation that would be expected to eventually prevail in the absence of economic slack, supply shocks, idiosyncratic relative price changes, or other disturbances. www.federalreserve.gov/econres/notes/feds-notes/underlying-inflation-its-measurement-and-significance-20200918.htm 

September 18, 2020 - Federal Reserve Board updates frequently asked questions to clarify the Board and Department of Treasury�s expectations regarding lender underwriting for the Main Street Lending Program - The Federal Reserve Board on Friday updated its frequently asked questions to clarify the Board and Department of Treasury's expectations regarding lender underwriting for the Main Street Lending Program. www.federalreserve.gov/newsevents/pressreleases/monetary20200918a.htm


September 18, 2020 - Federal Reserve Board issues Report on the Economic Well-Being of U.S. Households - Data collected to supplement the Federal Reserve Board's seventh annual Survey of Household Economics and Decisionmaking showed that U.S. families were faring better financially in July than in April, but many still faced uncertainty regarding layoffs and prospects for returning to work. www.federalreserve.gov/newsevents/pressreleases/other20200918a.htm


September 17, 2020 - NCUA Board Member Todd M. Harper Statement on Modern Examination and Risk Identification Tool Update.  www.ncua.gov/newsroom/speech/2020/ncua-board-member-todd-m-harper-statement-modern-examination-and-risk-identification-tool-merit


September 17, 2020 - NCUA Board Member Todd M. Harper Statement on the Share Insurance Fund Briefing.  www.ncua.gov/newsroom/speech/2020/ncua-board-member-todd-m-harper-statement-share-insurance-fund-briefing
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September 17, 2020 - OCC Enforcement Actions - The Office of the Comptroller of the Currency today released new enforcement actions taken against national banks, federal savings associations, and individuals currently and formerly affiliated with national banks and federal savings associations. www.occ.gov/news-issuances/news-releases/2020/nr-occ-2020-122.html 

September 17, 2020 - Testimony by Kent Hiteshew, Deputy Associate Director, Division of Financial Stability Before the Congressional Oversight Commission, Washington, D.C. www.federalreserve.gov/newsevents/testimony/hiteshew20200917a.htm

September 17, 2020 - Advanced Notice of a Meeting under Expedited Procedures - A closed meeting of the Board of Governors of the Federal Reserve System will be held under expedited procedures at 2:00 p.m. on September 24, 2020. Matter(s) considered: Personnel Matter. www.federalreserve.gov/aboutthefed/boardmeetings/20200924closed.htm

September 17, 2020 - Federal Reserve Board releases hypothetical scenarios for second round of bank stress tests - Earlier this year, the Board's first round of stress tests found that large banks were well capitalized under a range of hypothetical events. www.federalreserve.gov/newsevents/pressreleases/bcreg20200917a.htm

September 17, 2020 - NCUA Chairman Rodney E. Hood Statement on the Share Insurance Fund Equity Ratio. www.ncua.gov/newsroom/speech/2020/ncua-chairman-rodney-e-hood-statement-share-insurance-fund-equity-ratio

September 17, 2020 - NCUA Chairman Rodney E. Hood Remarks at the Faith-Based Credit Union Alliance 10th Anniversary Celebration. www.ncua.gov/newsroom/speech/2020/ncua-chairman-rodney-e-hood-remarks-faith-based-credit-union-alliance-10th-anniversary-celebration

September 17, 2020 - NCUA - Board Approves Changes to Real Estate Appraisals Rule - The Chief Financial Officer briefed the Board on the National Credit Union Share Insurance Fund's performance during the second quarter of 2020. www.ncua.gov/newsroom/press-release/2020/board-approves-changes-real-estate-appraisals-rule

September 16, 2020 - OCC Reports Second Quarter 2020 Bank Trading Revenue - The Office of the Comptroller of the Currency reported trading revenue of U.S. commercial banks and federal savings associations of $14.7 billion in the second quarter 2020, which was $8.0 billion, or 119.3 percent, more than the previous quarter. www.occ.gov/news-issuances/news-releases/2020/nr-occ-2020-121.html

September 16, 2020 - Notice of a Meeting under Expedited Procedures - A closed meeting of the Board of Governors of the Federal Reserve System was held at on September 15, 2020 and continued at 9:00 a.m. on September 16, 2020. Matter(s) considered: Discussion of Monetary Policy Issues. www.federalreserve.gov/aboutthefed/boardmeetings/20200915closed.htm

September 16, 2020 - Federal Reserve Board and Federal Open Market Committee release economic projections from the September 15-16 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 15-16 meeting. www.federalreserve.gov/newsevents/pressreleases/monetary20200916b.htm

September 16, 2020 - Federal Reserve issues FOMC statement - The Federal Reserve is committed to using its full range of tools to support the U.S. economy in this challenging time, thereby promoting its maximum employment and price stability goals. www.federalreserve.gov/newsevents/pressreleases/monetary20200916a.htm

September 15, 2020 - NCUA: Q2 2020 State Credit Union Data Report Now Available - Federally insured credit unions saw strong asset and share-and-deposit growth over the year ending in the second quarter of 2020, according to the latest NCUA Quarterly U.S. Map Review. www.ncua.gov/newsroom/press-release/2020/ncua-q2-2020-state-credit-union-data-report-now-available

September 15, 2020 - NCUA Provides $3.7 Million in Grants and Loans to Help Credit Unions Meet COVID-19 Needs - The National Credit Union Administration awarded $3.7 million in grants and no-interest loans to 162 low-income credit unions, helping them provide affordable financial services to their members and communities during the COVID-19 pandemic. www.ncua.gov/newsroom/press-release/2020/ncua-provides-37-million-grants-and-loans-help-credit-unions-meet-covid-19-needs

September 15, 2020 - NCUA Board Member Todd M. Harper Prepared Remarks on NCUAs Response to the COVID-19 Pandemic and Economic Equality and Justice - NAFCU Virtual Congressional Caucus.  www.ncua.gov/newsroom/speech/2020/ncua-board-member-todd-m-harper-prepared-remarks-ncuas-response-covid-19-pandemic-and-economic

September 15, 2020 - Federal Reserve Bank of San Francisco Named Top 10 Best Company by Working Mother Media - This years winners focus on inclusive benefits for families, including gender-neutral parental leave, gradual phase-back after parental leave and accessible, affordable childcare. www.frbsf.org/our-district/press/news-releases/2020/federal-reserve-bank-of-san-francisco-named-top-10-best-company-by-working-mother-media/

September 15, 2020 - Restoration Plan for the FDIC Deposit Insurance Fund - On September 15, 2020, the Federal Deposit Insurance Corporation Board of Directors (Board) voted to adopt a Restoration Plan to restore the Deposit Insurance Fund reserve ratio to at least 1.35 percent within 8 years, as required by the Federal Deposit Insurance Act. Under the Restoration Plan, the FDIC will: (1) monitor deposit balance trends, potential losses, and other factors that affect the reserve ratio; (2) maintain the current schedule of assessment rates for all insured depository institutions; and (3) provide updates to its loss and income projections at least semiannually. www.fdic.gov/news/financial-institution-letters/2020/fil20090.html

September 15, 2020 - Statistical Release - Industrial Production and Capacity Utilization - G.17 - Industrial production rose 0.4 percent in August for its fourth consecutive monthly increase. However, even after the recent gains, the index in August was 7.3 percent below its pre-pandemic February level. www.federalreserve.gov/releases/g17/current/default.htm

September 14, 2020 - NCUA Warns Credit Unions in the Path of Tropical Storm Sally to Prepare - Credit unions in the path of Tropical Storm Sally should to take measures to protect their staff and secure their operations, NCUA Chairman Rodney E. Hood said.  www.ncua.gov/newsroom/press-release/2020/ncua-warns-credit-unions-path-tropical-storm-sally-prepare

September 14, 2020 - NCUA: Second Streamlined CDFI Round Now Open - The National Credit Union Administration opened its second application round for eligible credit unions that want to qualify to use the agencys streamlined process for Community Development Financial Institution certification. www.ncua.gov/newsroom/press-release/2020/ncua-second-streamlined-cdfi-round-now-open

September 14, 2020 - OCC Allows National Banks and Federal Savings Associations Affected by Hurricane Sally to Close - In issuing the proclamation, the OCC expects that only those bank offices directly affected by potentially unsafe conditions will close. www.occ.gov/news-issuances/news-releases/2020/nr-occ-2020-120.html

September 14, 2020 - Regulatory Relief: Guidance to Help Financial Institutions and Facilitate Recovery in Areas of Puerto Rico Affected by Tropical Storm Isaias.   www.fdic.gov/news/financial-institution-letters/2020/fil20089.html

September 14, 2020 - Federal Reserve Board appoints Trevor Reeve as director of the Division of Monetary Affairs - As director, Reeve will advise the Board of Governors and the Federal Open Market Committee on the conduct of monetary policy, including open market operations and the discount window, and will lead the division's more than 170 staff in its efforts to support that work. www.federalreserve.gov/newsevents/pressreleases/other20200914a.htm

September 11, 2020 - Chicago Fed Survey of Business Conditions Suggests Growth Picked Up in August - The Chicago Fed Survey of Business Conditions Activity Index moved up to +19 in August from +2 in July, suggesting that economic growth was above trend.  www.chicagofed.org/~/media/publications/cfsbc/2020/cfsbc-september2020-pdf.pdf

September 11, 2020 - NCUA Monitoring Wildfires in the Western States - The National Credit Union Administration is monitoring a series of wildfires across the Western portion of the United States and stands ready to provide assistance to federally insured credit unions in the affected areas, the agency announced today. www.ncua.gov/newsroom/press-release/2020/ncua-monitoring-wildfires-western-states

September 11, 2020 - OCC Allows National Banks and Federal Savings Associations Affected by Oregon and Washington Wildfires to Close - The Office of the Comptroller of the Currency today issued a proclamation allowing national banks, federal savings associations, and federal branches and agencies of foreign banks to close offices affected by wildfires in Oregon and Washington at their discretion. www.occ.gov/news-issuances/news-releases/2020/nr-occ-2020-119.html

September 11, 2020 - Credit and Liquidity Programs and the Balance Sheet - Recent balance sheet trends, weekly chart update.  www.federalreserve.gov/monetarypolicy/bst_recenttrends.htm

September 11, 2020 - Advanced Notice of a Meeting under Expedited Procedures - A closed meeting of the Board of Governors of the Federal Reserve System will be held under expedited procedures at 11:00 a.m. on September 15, 2020. Matter(s) considered: Discussion of Monetary Policy Issues. www.federalreserve.gov/aboutthefed/boardmeetings/20200915closed.htm
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GAO - To Prevent Examiners From Treating Banks Lightly In Hopes Of Better Paying Jobs, Says GAO - The Federal Deposit Insurance Corporation (FDIC) should do more to prevent examiners from treating the banks they oversee lightly in hopes of getting better paying jobs at them, the Government Accountability Office urged today. https://www.forbes.com/sites/tedknutson/2020/09/04/fdic-should-do-more-to-prevent-examiners-from-treating-banks-lightly-in-hopes-of-better-paying-jobs-says-gao/#ec81d78502ff
https://www.gao.gov/products/GAO-20-519

September 10, 2020 - Credit Risk: Risk Management of Loan Purchase Activities - The Office of the Comptroller of the Currency today issued this bulletin to inform banks of sound risk management principles regarding loan purchase activities.  www.occ.gov/news-issuances/bulletins/2020/bulletin-2020-81.html

September 9, 2020 - NCUA Awards Mentoring Grants to Three MDI Credit Unions - The National Credit Union Administration awarded $75,000 in grants to three low-income, minority depository institution credit unions to support mentoring programs with larger credit unions. www.ncua.gov/newsroom/press-release/2020/ncua-awards-mentoring-grants-three-mdi-credit-unions

September 9, 2020 - Federal Branches and Agencies : Revised Comptroller's Licensing Manual Booklet - The Office of the Comptroller of the Currency issued today the "Federal Branches and Agencies" booklet of the Comptroller�s Licensing Manual, which revises and replaces the booklet of the same title issued in October 2019.  www.occ.gov/news-issuances/bulletins/2020/bulletin-2020-80.html

September 8, 2020 - NCUA - Monica Davy Written Statement at the U.S. House Committee on Financial Services� Subcommittee on Diversity and Inclusion�s hearing on September 8, 2020.   www.ncua.gov/newsroom/testimony/2020/monica-davy-written-statement-us-house-committee-financial-services-subcommittee-diversity-and

September 8, 2020 - OCC OMWI Executive Director Testifies on Diversity and Inclusion Efforts - The Office of the Comptroller of the Currency Executive Director for the Office of Minority and Women Inclusion Joyce Cofield testified before the U.S. House Committee on Financial Services Subcommittee on Diversity and Inclusion. www.occ.gov/news-issuances/news-releases/2020/nr-occ-2020-118.html

September 8, 2020 - Statistical Release - Consumer Credit - G.19 - In July, consumer credit increased at a seasonally adjusted annual rate of 3-1/2 percent. Revolving credit decreased at an annual rate of 1/2 percent, while nonrevolving credit increased at an annual rate of 4-3/4 percent. www.federalreserve.gov/releases/g19/current/default.htm

September 8, 2020 - Notice of a Meeting under Expedited Procedures - A closed meeting of the Board of Governors of the Federal Reserve System was held at 11:15 a.m. on September 8, 2020. Matter(s) considered: Review and determination by the Board of Governors of the advance and discount rates to be charged by the Federal Reserve Banks. www.federalreserve.gov/aboutthefed/boardmeetings/20200908closed.htm

September 8, 2020 - Testimony by Testimony by Sheila Clark, Program Director, Office of Diversity and Inclusion Before the Committee on Financial Services, Subcommittee on Diversity and Inclusion, U.S. House of Representatives, Washington, D.C. www.federalreserve.gov/newsevents/testimony/clark20200908a.htm

September 8, 2020 - Periodic Report: Update on Outstanding Lending Facilities Authorized by the Board under Section 13(3) of the Federal Reserve Act September 7, 2020 www.federalreserve.gov/publications/files/pdcf-mmlf-cpff-pmccf-smccf-talf-mlf-ppplf-msnlf-mself-mslpf-nonlf-noelf-9-8-20.pdf

September 8, 2020 - Federal Reserve Board announces termination of enforcement action with Allied First Bancorp, Inc. www.federalreserve.gov/newsevents/pressreleases/enforcement20200908a.htm

September 4, 2020 - Closing Racial Economic Gaps During Covid-19 By Jane Dokko, Jung Sakong - The severe and prolonged economic consequences of the Covid-19 pandemic have stressed the earnings of tens of millions of households. www.chicagofed.org/publications/blogs/chicago-fed-insights/2020/closing-racial-economic-gaps

September 4, 2020 - FDIC Issues List of Banks Examined for CRA Compliance - The Federal Deposit Insurance Corporation today issued its list of state nonmember banks recently evaluated for compliance with the Community Reinvestment Act. The list covers evaluation ratings that the FDIC assigned to institutions in June 2020. www.fdic.gov/news/press-releases/2020/pr20101.html

September 4, 2020 - FOIA - Chair Powell's July 2020 calendar.  www.federalreserve.gov/foia/chair-powell-calendar-072020.htm

September 4, 2020 - Credit and Liquidity Programs and the Balance Sheet - Recent balance sheet trends, weekly chart update. www.federalreserve.gov/monetarypolicy/bst_recenttrends.htm

September 4, 2020 - Federal Reserve Board releases corrected stress test results stemming from an error in projected trading losses and as a result, revised the capital requirements for two banks - The Federal Reserve Board on Friday released corrected stress test results stemming from an error in projected trading losses and as a result, revised the capital requirements for two banks. www.federalreserve.gov/newsevents/pressreleases/bcreg20200904a.htm
_______________________

September 3, 2020 - 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 24 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 3, 2020 - Covid-19 and the Future of the U.S. Economy - A speech presented virtually on September 3, 2020, to the Lakeshore Chamber of Commerce in Hammond, IN. www.chicagofed.org/publications/speeches/2020/covid-19-and-the-future-of-the-economy

September 3, 2020 - Out of Sight No More? The Effect of Fee Disclosures on 401(k) Investment Allocations - Mathias Kronlund, Veronika K. Pool, Clemens Sialm, and Irina Stefanescu - We examine the effects of a 2012 regulatory reform that mandated fee and performance disclosures for the investment options in 401(k) plans.  www.federalreserve.gov/econres/feds/out-of-sight-no-more.htm

September 3, 2020 - Advanced Notice of a Meeting under Expedited Procedures - A closed meeting of the Board of Governors of the Federal Reserve System will be held under expedited procedures at 11:30 a.m. on September 8, 2020. Matter(s) considered: Review and determination by the Board of Governors of the advance and discount rates to be charged by the Federal Reserve Banks. www.federalreserve.gov/aboutthefed/boardmeetings/20200908closed.htm

September 3, 2020 - NCUA Releases Q2 2020 Credit Union System Performance Data - Data on the financial performance of federally insured credit unions for the quarter ending June 30, 2020, are now available from the National Credit Union Administration. The NCUA�s Quarterly Data Summary Reports include an overview of the quarterly Call Report data as well as tables showing the recent history of major credit union performance indicators. www.ncua.gov/newsroom/press-release/2020/ncua-releases-q2-2020-credit-union-system-performance-data

September 2, 2020 - September 3, 2020 - Fed Survey: Pandemic Is Straining Organizations Serving Low- to Moderate-Income Communities - Demand for services is climbing for many organizations serving low- to moderate-income communities in the St. Louis Fed�s district, and some organizations are struggling to meet needs.  www.stlouisfed.org/news-releases/2020/09/02/fed-survey-pandemic-putting-strain-on-organizations-serving-lmi-communities

September 2, 2020 - How Central Bank Swap Lines Affect the Leveraged Loan Market By Annie McCrone , Ralf Meisenzahl , Friederike Niepmann , Tim Schmidt-Eisenlohr - The cost of borrowing U.S. dollars through foreign exchange swap markets increased significantly at the beginning of the Covid-19 pandemic in February 2020, indicated by larger deviations from covered interest rate parity. www.chicagofed.org/publications/chicago-fed-letter/2020/446

September 2, 2020 - Other Real Estate Owned: Updated Comptroller�s Handbook Booklet and Rescissions - The Office of the Comptroller of the Currency today issued an updated "Other Real Estate Owned" 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/2020/bulletin-2020-79.html

September 2, 2020 - FEDS Notes - Index of Common Inflation Expectations - Hie Joo Ahn and Chad Fulton - Data that are potentially informative about the inflation expectations of economic agents have grown over recent years and now include information from a wide variety of surveys as well as from financial instruments. www.federalreserve.gov/econres/notes/feds-notes/index-of-common-inflation-expectations-20200902.htm

September 2, 2020 - Federal Open Market Committee - Historical Memos, 1966-69 - Preceding each FOMC meeting, the FOMC Secretariat distributes to the Committee memos covering a range of subjects. A selection of these memos is available on this site. www.federalreserve.gov/monetarypolicy/fomc-memos-by-year.htm

September 2, 2020 - Beige Book - Informal review by the Federal Reserve Banks of current economic conditions in their Districts. www.federalreserve.gov/monetarypolicy/beigebook202009.htm

September 1, 2020 - Brave-Butters-Kelley Indexes - The Brave-Butters-Kelley Indexes are a research project of the Federal Reserve Bank of Chicago. The BBK Coincident and Leading Indexes and Monthly GDP Growth for the U.S. are constructed from a collapsed dynamic factor analysis of a panel of 500 monthly measures of real economic activity and quarterly real GDP growth. www.chicagofed.org/publications/bbki/index

September 1, 2020 - Federal and State Financial Regulatory Agencies Issue Interagency Statement on Supervisory Practices Regarding Financial Institutions Affected by Hurricane Laura and California Wildfires. 
Press Release: www.occ.gov/news-issuances/news-releases/2020/nr-ia-2020-117.html
Press Release: www.ncua.gov/newsroom/press-release/2020/federal-and-state-financial-regulatory-agencies-issue-interagency-statement-supervisory-practices-0   

September 1, 2020 - OCC Releases CRA Evaluations for 20 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, 2020 through August 31, 2020. www.occ.gov/news-issuances/news-releases/2020/nr-occ-2020-115.html

September 1, 2020 - OCC Hosts Mutual Savings Association Advisory Committee Meeting September 22 Via Webinar - The Office of the Comptroller of the Currency today announced it will host a public meeting of the Mutual Savings Association Advisory Committee on Tuesday, September 22, 2020, via webinar.  www.occ.gov/news-issuances/news-releases/2020/nr-occ-2020-114.html

September 1, 2020 - OCC Issues Fourth Quarter 2020 and First Quarter 2021 CRA Evaluation Schedule - The Office of the Comptroller of the Currency today released its schedule of Community Reinvestment Act evaluations to be conducted in the fourth quarter 2020 and first quarter 2021. www.occ.gov/news-issuances/news-releases/2020/nr-occ-2020-113.html

September 1, 2020 - Banker Webinar: Loan Forgiveness and Other Matters Relative to the Paycheck Protection Program - Rescheduled - The FDIC, the Board of Governors of the Federal Reserve System, the Office of the Comptroller of the Currency, and the National Credit Union Administration, as well as the Conference of State Bank Supervisors will host a webinar for bankers on Thursday, September 3, 2020 from 3:00 p.m. to 4:00 p.m., Eastern Daylight Time to discuss the loan forgiveness process and recent changes in the Paycheck Protection Program. www.fdic.gov/news/financial-institution-letters/2020/fil20087.html

September 1, 2020 - Statistical Release - Foreign Exchange Rates - G.5 - The table below shows the average rates of exchange in AUGUST 2020 together with comparable figures for other months. Averages are based on daily noon buying rates for cable transfers in New York City certified for customs purposes by the Federal Reserve Bank of New York. www.federalreserve.gov/releases/g5/current/default.htm

September 1, 2020 - Bringing the Statement on Longer-Run Goals and Monetary Policy Strategy into Alignment with Longer-Run Changes in the Economy Governor Lael Brainard At "How the Fed Will Respond to the COVID-19 Recession in an Era of Low Rates and Low Inflation," an event hosted by the Hutchins Center on Fiscal and Monetary Policy at the Brookings Institution, Washington, D.C. www.federalreserve.gov/newsevents/speech/brainard20200901a.htm

September 1, 2020 - Agencies extend comment period on proposed revisions to interagency questions and answers regarding flood insurance - Five federal regulatory agencies today announced they will extend the comment period on a proposal to revise the Interagency Questions and Answers Regarding Flood Insurance until November 3, 2020.
Press Release: www.federalreserve.gov/newsevents/pressreleases/bcreg20200901a.htm
Press Release: www.fdic.gov/news/press-releases/2020/pr20099.html
Press Release: www.occ.gov/news-issuances/news-releases/2020/nr-ia-2020-116.html
Press Release: www.ncua.gov/newsroom/press-release/2020/agencies-extend-comment-period-proposed-revisions-interagency-questions-and-answers-regarding-flood
Press Release: www.occ.gov/news-issuances/bulletins/2020/bulletin-2020-78.html

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