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

September 30, 2021 - NCUA Issues Prohibition Orders and Notices - The National Credit Union Administration issued two prohibition orders and two notices of prohibition in September. www.ncua.gov/newsroom/press-release/2021/ncua-issues-prohibition-orders-and-notices-0

September 30, 2021 - How Did the 2018–19 U.S. Tariff Hikes Influence Household Spending? - Young, Black, and Hispanic households spent higher shares of their total spending on goods affected by increased tariffs in 2018–19. www.kansascityfed.org/research/economic-review/how-did-the-201819-us-tariff-hikes-influence-household-spending/

September 30, 2021 - The Effect of Immigration on Local Labor Markets: Lessons from the 1920s Border Closure - The 1920s U.S. border closure substantially reduced immigration, with uneven effects on regional economies. www.kansascityfed.org/research/research-working-papers/the-effect-of-immigration-on-local-labor-markets-lessons-from-the-1920s-border-closure/

September 30, 2021 - Federal Reserve Bank of Kansas City Announces Second Quarter Small Business Lending Survey Results - The second quarter Small Business Lending Survey found that balances on small business commercial and industrial loans decreased in the second quarter of 2021. www.kansascityfed.org/newsroom/2021-news-releases/federal-reserve-bank-of-kansas-city-announces-second-quarter-small-business-lending-survey-results/

September 30, 2021 - Measuring the systemic importance of large US banks - Andrew Hawley, and Marco Migueis - The failure of large and connected financial institutions often leads to system-wide financial crises and economic downturns. www.federalreserve.gov/econres/notes/feds-notes/measuring-the-systemic-importance-of-large-us-banks-20210930.htm 

September 30, 2021 - Surveys and Reports - Senior Credit Officer Opinion Survey on Dealer Financing Terms, September 2021 - The September 2021 Senior Credit Officer Opinion Survey on Dealer Financing Terms collected qualitative information on changes in credit terms and conditions in securities financing and over-the-counter derivatives markets between mid-May 2021 and mid-August 2021. www.federalreserve.gov/data/scoos/scoos-202109.htm

September 30, 2021 - Between College and That First Job: Designing and Evaluating Policies for Hiring Diversity - Soumitra Shukla - Despite widespread caste disparities, compensatory hiring policies remain absent from the Indian private sector. www.federalreserve.gov/econres/ifdp/designing-and-evaluating-policies-for-hiring-diversity.htm
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September 30, 2021 - How Did the 2018�19 U.S. Tariff Hikes Influence Household Spending? - Young, Black, and Hispanic households spent higher shares of their total spending on goods affected by increased tariffs in 2018�19. www.kansascityfed.org/research/economic-review/how-did-the-201819-us-tariff-hikes-influence-household-spending/

September 30, 2021 - Pandemic-related Shifts in Consumer Payment Patterns Persisted into 2021 - The ways U.S. consumers use cash and other payment methods continue to show the marks of the COVID-19 pandemic, with households holding modestly higher amounts of cash while also migrating toward not-in-person payments, according to a recent survey conducted by the Federal Reserve System�s Cash Product Office and the Federal Reserve Bank of Atlanta. www.frbsf.org/our-district/press/news-releases/2021/pandemic-related-shifts-in-consumer-payment-patterns-persist/

September 30, 2021 - Between College and That First Job: Designing and Evaluating Policies for Hiring Diversity - Soumitra Shukla - Despite widespread caste disparities, compensatory hiring policies remain absent from the Indian private sector. www.federalreserve.gov/econres/ifdp/designing-and-evaluating-policies-for-hiring-diversity.htm

September 30, 2021 - When Uncertainty and Volatility Are Disconnected: Implications for Asset Pricing and Portfolio Performance - Yacine A�t-Sahalia, Felix Matthys, Emilio Osambela, and Ronnie Sircar - We analyze an environment where the uncertainty in the equity market return and its volatility are both stochastic and may be potentially disconnected. www.federalreserve.gov/econres/feds/when-uncertainty-and-volatility-are-disconnected.htm

September 30, 2021 - Regulatory Reform - Discount Window Lending, 2019: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 29, 2021 - From Gaps to Growth: Equity as a Path to Prosperity - Mary C. Daly, President and Chief Executive Officer Federal Reserve Bank of San Francisco www.frbsf.org/our-district/press/presidents-speeches/mary-c-daly/2021/september/from-gaps-to-growth-equity-as-a-path-to-prosperity/

September 28, 2021 - OCC Reports Improvement in Mortgage Performance - The Office of the Comptroller of the Currency reported that the performance of first-lien mortgages in the federal banking system improved during the second quarter of 2021. www.occ.gov/news-issuances/news-releases/2021/nr-occ-2021-103.html

September 28, 2021 - Speech by Governor Michelle W. Bowman - Creating a New Model for the Future of Supervision At the Community Banking in the 21st Century Research and Policy Conference, St. Louis, Missouri (virtual conference). www.federalreserve.gov/newsevents/speech/bowman20210928a.htm

September 28, 2021 - Testimony by Chair Jerome H. Powell Coronavirus and CARES Act Before the Committee on Banking, Housing, and Urban Affairs, U.S. Senate, Washington, D.C. www.federalreserve.gov/newsevents/testimony/powell20210928a.htm

September 27, 2021 - �The current surge in relative prices is not having a worrisome effect on inflation expectations over the longer run.� - Charles L. Evans, President and CEO at the 63rd National Association for Business Economics Annual Meeting in Arlington, VA. www.chicagofed.org/publications/speeches/2021/september-27-nabe-annual-meeting

September 27, 2021 - St. Louis Fed Cohosts �The Future of Building Wealth� Book Launch - Wealth gaps have grown over the past three decades making it increasingly difficult for American families to achieve financial security. www.stlouisfed.org/news-releases/2021/09/27/st-louis-fed-cohosts-future-building-wealth-book-launch

September 27, 2021 - Speech by Governor Brainard on the economic outlook Governor Lael Brainard At "Shocks, Shifts, and the Emerging Economic Landscape" 2021 Annual Meeting of the National Association for Business Economics, Arlington, Virginia.  www.federalreserve.gov/newsevents/speech/brainard20210927a.htm

September 24, 2021 - Mutual Savings Associations: Requirements and Process for Voluntary Liquidation - Voluntary liquidation is the process by which a mutual FSA that has decided to close, without being sold to another owner or merged with another entity, winds down its operations and ceases to exist by terminating its charter. www.occ.gov/news-issuances/bulletins/2021/bulletin-2021-45.html

September 24, 2021 - Tenth District Services Activity Growth Remained Positive - Tenth District services growth continued to ease but remained positive, and activity was expected to increase at a moderate pace over the next six months. www.kansascityfed.org/

September 24, 2021 - FDIC Makes Public August Enforcement Actions - The Federal Deposit Insurance Corporation (FDIC) today released a list of orders of administrative enforcement actions taken against banks and individuals in August. www.fdic.gov/news/press-releases/2021/pr21087.html 

September 24, 2021 - Cybersecurity and Financial System Resilience Report, September 2021 - In response to a Consolidated Appropriations Act requirement, the Board will publish this report annually for the next seven years to describe measures it has taken to strengthen cybersecurity in the financial services sector. www.federalreserve.gov/publications/files/cybersecurity-report-202109.pdf

September 24, 2021 - Trade Policy is Real News: Theory and Evidence - George Alessandria and Carter Mix - We evaluate the aggregate effects of changes in trade barriers when these changes can be implemented slowly over time and trade responds gradually to changes in trade barriers because firm-level trade costs make exporting a dynamic decision. www.federalreserve.gov/econres/ifdp/trade-policy-is-real-news-theory-and-evidence.htm

September 24, 2021 - Why Do We Think That Inflation Expectations Matter for Inflation? (And Should We?) - Economists and economic policymakers believe that households' and firms' expectations of future inflation are a key determinant of actual inflation. www.federalreserve.gov/econres/feds/why-do-we-think-that-inflation-expectations-matter-for-Inflation-and-should-we.htm

September 24, 2021 - Can the Federal Reserve Effectively Target Main Street? Evidence from the 1970s Recession - John Kandrac - Modern central bankers confront a challenge of providing economic stimulus even when the policy rate is constrained by a lower bound. www.federalreserve.gov/econres/feds/can-the-federal-reserve-effectively-target-main-street-evidence-from-the-1970s-recession.htm
 
September 24, 2021 - Liquidity Provision and Co-insurance in Bank Syndicates - Kevin F. Kiernan, Vladimir Yankov, Filip Zikes - We study the capacity of the banking system to provide liquidity to the corporate sector in times of stress and how changes in this capacity affect corporate liquidity management. www.federalreserve.gov/econres/feds/liquidity-provision-and-co-insurance-in-bank-syndicates.htm

September 24, 2021 - SeptembIntroductory remarks by Chair Powell at "Fed Listens: Perspectives on the Pandemic Recovery"At "Fed Listens: Perspectives on the Pandemic Recovery," sponsored by the Board of Governors of the Federal Reserve System, Washington, D.C. (via webcast) www.federalreserve.gov/newsevents/speech/powell20210924a.htm

September 23, 2021 - OCC Releases Fall/Winter Schedule of Virtual Workshops for Community Bank Directors - The OCC examiner-led workshops provide practical training and guidance to directors of national community banks and federal savings associations in a virtual learning environment to support the safe and sound operation of community-based financial institutions. www.occ.gov/news-issuances/news-releases/2021/nr-occ-2021-102.html
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September 23, 2021 - Tenth District Manufacturing Activity Remained Solid: Federal Reserve Bank of Kansas City Releases September Manufacturing Survey - Tenth District manufacturing activity growth moderated slightly but remained solid, and expectations for future production increased further. www.kansascityfed.org/surveys/manufacturing-survey/tenth-district-manufacturing-activity-remained-solid/ 

September 23, 2021 - 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/default.htm

September 23, 2021 - A User's Guide for the Bank Holding Company Performance Report, June 2021 - Provides definitions of the financial ratios and items presented on each page of the BHCPR. www.federalreserve.gov/publications/files/2021-06-UGBHCPR.pdf

September 23, 2021 - Federal Reserve Board issues enforcement action with former employee of Simmons Bank and announces termination of enforcement action with The Bank & Trust.   www.federalreserve.gov/newsevents/pressreleases/enforcement20210923a.htm

September 23, 2021 - NCUA Chairman Todd M. Harper Statement on Agenda Items.  www.ncua.gov/newsroom/speech/2021/ncua-chairman-todd-m-harper-statement-agenda-items

September 23, 2021 - NCUA Chairman Todd M. Harper Statement on the 2021 Midsession Budget Review and Revisions. www.ncua.gov/newsroom/speech/2021/ncua-chairman-todd-m-harper-statement-2021-midsession-budget-review-and-revisions

September 23, 2021 - NCUA Chairman Todd M. Harper Statement on Subordinated Debt Emergency Capital Investment Program Proposed Rule.  www.ncua.gov/newsroom/speech/2021/ncua-chairman-todd-m-harper-statement-subordinated-debt-emergency-capital-investment-program

September 23, 2021 - NCUA Chairman Todd M. Harper Statement on Oregon Member Business Lending Rule.  www.ncua.gov/newsroom/speech/2021/ncua-chairman-todd-m-harper-statement-oregon-member-business-lending-rule

September 23, 2021 - NCUA Chairman Todd M. Harper Statement on the Quarterly Update on the National Credit Union Share Insurance Fund.  www.ncua.gov/newsroom/speech/2021/ncua-chairman-todd-m-harper-statement-quarterly-update-national-credit-union-share-insurance-fund

September 23, 2021 - NCUA - Share Insurance Fund Reports $19.8 Billion In Assets; Net Income of $46.3 Million in Q2 - Through a live webcast, the National Credit Union Administration Board held its eighth open meeting of 2021 and approved the following items: www.ncua.gov/newsroom/press-release/2021/share-insurance-fund-reports-198-billion-assets-net-income-463-million-q2

September 22, 2021 - NCUA Chairman Todd M. Harper Remarks at Inclusiv�s 2021 Conference.  www.ncua.gov/newsroom/speech/2021/ncua-chairman-todd-m-harper-remarks-inclusivs-2021-virtual-conference

September 22, 2021 - Comptroller's Handbook: Revised "Earnings" and "Regulatory Reporting" Booklets - These booklets are prepared for use by OCC examiners in connection with their examination and supervision of national banks, federal savings associations, and federal branches and agencies of foreign banking organizations. www.occ.gov/news-issuances/bulletins/2021/bulletin-2021-44.html

September 22 2021 - Plan. Prepare. Prevail. - Be prepared before a public health or natural disaster strikes your household, community or small business. www.kansascityfed.org/community/disaster-preparedness-and-recovery/

September 22, 2021 - Federal Reserve Board and Federal Open Market Committee release economic projections from the September 21-22 FOMC meeting - In conjunction with the Federal Open Market Committee meeting held on September 21-22, 2021, meeting participants submitted their projections of the most likely outcomes for real gross domestic product growth, the unemployment rate, and inflation for each year from 2021 to 2024 and over the longer run. www.federalreserve.gov/monetarypolicy/fomcprojtabl20210922.htm

September 22 2021 - Federal Reserve issues FOMC statement - With progress on vaccinations and strong policy support, indicators of economic activity and employment have continued to strengthen. www.federalreserve.gov/newsevents/pressreleases/monetary20210922a.htm

September 21, 2021 - Acting Comptroller Discusses Innovation in Digital Assets - In 1999, the Chicago Fed payments team convened an annual payments conference, which serves to advance the team's knowledge and research agenda as well as to foster dialogue among senior payments executives. www.chicagofed.org/events/payments-conference-series

September 21, 2021 - Acting Comptroller Discusses Innovation in Digital Assets - Acting Comptroller of the Currency Michael J. Hsu today discussed blockchain, cryptocurrencies, decentralized finance, and key lessons from the 2008 financial crisis that should guide the future of digital innovation during remarks before the Blockchain Association. www.occ.gov/news-issuances/news-releases/2021/nr-occ-2021-101.html

September 21, 2021 - Banking and the Economy: A Forum for Women in Banking, October 6 - 7, 2021 - Join other women leaders in financial services for engaging sessions around banking and economic updates, and leadership and professional development. www.kansascityfed.org/events/banking-and-the-economy-a-forum-for-women-in-banking/ 

September 20, 2021 - OCC Issues Cease and Desist Order Against MUFG Union Bank for Deficiencies Relating to Technology and Operational Risk Governance. www.occ.gov/news-issuances/news-releases/2021/nr-occ-2021-100.html

September 17, 2021 - 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 16, 2021 - OCC Enforcement Actions and Terminations - The Office of the Comptroller of the Currency (OCC) 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. https://www.occ.gov/news-issuances/news-releases/2021/nr-occ-2021-99.html

September 16, 2021 - OCC Reports Second Quarter 2021 Bank Trading Revenue - The Office of the Comptroller of the Currency reported trading revenue of U.S. commercial banks and savings associations of $8.1 billion in the second quarter of 2021. www.occ.gov/news-issuances/news-releases/2021/nr-occ-2021-98.html

September 16, 2021 - Regulatory Relief: Guidance to Help Financial Institutions and Facilitate Recovery in Areas of Pennsylvania Affected by Hurricane Ida - The FDIC has announced a series of steps intended to provide regulatory relief to financial institutions and facilitate recovery in areas of Pennsylvania affected by Hurricane Ida. www.fdic.gov/news/financial-institution-letters/2021/fil21067.html

September 16, 2021 - FDIC Launches Mission-Driven Bank Fund - $120 million pledged to support Minority Depository Institutions and CDFIs.  www.fdic.gov/news/press-releases/2021/pr21086.html

September 16, 2021 - Regulatory Reform - Communications with the public through September 16, 2021 - The Federal Reserve Board will be involved in many rulemakings to implement the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010. www.federalreserve.gov/regreform/communications-with-public.htm

September 15, 2021 - NCUA MDI Mentoring Grant Round Reopens Oct. 11 - Federally insured credit unions with both the minority depository institution and low-income designations are eligible to apply for the National Credit Union Administration�s MDI mentoring grants between Oct. 11 and Oct. 29. www.ncua.gov/newsroom/press-release/2021/ncua-mdi-mentoring-grant-round-reopens-oct-11 

September 15, 2021 - NCUA: Q2 2021 State Credit Union Data Report Now Available - Federally insured credit unions experienced strong asset and share-and-deposit growth over the year ending in the second quarter of 2021, according to the latest NCUA Quarterly U.S. Map Review. www.ncua.gov/newsroom/press-release/2021/ncua-q2-2021-state-credit-union-data-report-now-available

September 15, 2021 - Acting Comptroller Discusses Priorities, Safeguarding Trust in Banking - Acting Comptroller of the Currency Michael J. Hsu today discussed the agency�s priorities during an appearance before the Exchequer Club. www.occ.gov/news-issuances/news-releases/2021/nr-occ-2021-97.html 

September 15, 2021 - Federal Reserve Bulletin - Legal Developments: Second Quarter, 2021 - The Federal Reserve Bulletin--first published by the Federal Reserve Board in 1914--contains topical research and analysis and quarterly "Legal Developments." www.federalreserve.gov/publications/bulletin.htm

September 15, 2021 - Statistical Release - Industrial Production and Capacity Utilization - G.17 - Industrial production increased 0.4 percent in August after moving up 0.8 percent in July. www.federalreserve.gov/releases/g17/current/default.htm

September 14, 2021 - NCUA Board Member Rodney E. Hood Remarks at the National Association of Federally Insured Credit Unions� Congressional Caucus.   www.ncua.gov/newsroom/speech/2021/ncua-board-member-rodney-e-hood-remarks-national-association-federally-insured-credit-unions

September 14, 2021 - Economic Bulletin - Learn how federal enhancements to unemployment insurance supported Tenth District incomes in 2020. - In March 2020, the onset of the COVID-19 pandemic resulted in severe job losses across the country and in all states within the Tenth Federal Reserve District. www.kansascityfed.org/research/economic-bulletin/federal-enhancements-to-unemployment-insurance-supported-tenth-district-incomes-in-2020/

September 14, 2021 - The KCFSI suggests financial stress remained subdued in August - The KCFSI suggests financial stress remained subdued in August. www.kansascityfed.org/data-and-trends/kansas-city-financial-stress-index/current-release/

September 14, 2021 - Sign Up for the 2021 Community Banking Research Conference, Sept. 28-29 - An internationally represented group of community bankers, academics, policymakers and bank supervisors will meet virtually the afternoons of Sept. 28 and 29 for the ninth annual Community Banking in the 21st Century research and policy conference. www.stlouisfed.org/news-releases/2021/09/sign-up-for-the-2021-community-banking-research-conference-sept-28-29

September 14, 2021 - Statistical Release - Finance Companies - G.20. www.federalreserve.gov/releases/g20/current/g20.htm

September 13, 2021 - NCUA Chairman Todd M. Harper Remarks at the 2021 NAFCU Congressional Caucus, Washington, D.C. www.ncua.gov/newsroom/speech/2021/ncua-chairman-todd-m-harper-remarks-2021-nafcu-congressional-caucus-washington-dc

September 13, 2021 - Counterfeit Cashier's Checks of Queensborough National Bank & Trust Company, Louisville, Ga. - The above-named bank has reported that counterfeit cashier's checks using the bank's routing number of 061103975 are being presented for payment nationwide in connection with various internet scams involving mystery shopping opportunities and lottery winnings. www.occ.gov/news-issuances/alerts/2021/alert-2021-4.html

September 13, 2021 - Problem Bank Supervision: New Comptroller�s Handbook Booklet and Rescissions - The Office of the Comptroller of the Currency today issued a new "Problem Bank Supervision" booklet of the Comptroller's Handbook. www.occ.gov/news-issuances/bulletins/2021/bulletin-2021-43.html

September 13, 2021 - Banker Series: Overview and Updates on Consumer Complaints Management - The FDIC�s Division of Depositor and Consumer Protection will host a webinar for FDIC-supervised institutions on October 5, 2021, to provide information and answer questions relating to consumer complaints management. The presentation will include a review of the most recent complaint data and will provide information to help banks with complaint management. www.fdic.gov/news/financial-institution-letters/2021/fil21066.html

September 13, 2021 - Regulatory Relief: Guidance to Help Financial Institutions and Facilitate Recovery in Areas of North Carolina Affected by Remnants of Tropical Storm Fred.   www.fdic.gov/news/financial-institution-letters/2021/fil21065.html

September 13, 2021 - FDITECH Selects Three Winning Teams in Tech Sprint to Reach the Unbanked - The Federal Deposit Insurance Corporation today announced the selection of three winning teams in a �tech sprint� designed to explore new technologies and techniques to help banks meet the needs of unbanked consumers. www.fdic.gov/news/press-releases/2021/pr21085.html

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

September 10, 2021 - OCC to Hold Hearing on Charges Against Former Wells Fargo Bank, N.A. Executives; Agency Seeks Prohibition Order, Orders to Cease and Desist, and Civil Money Penalties - The OCC will litigate enforcement actions against Claudia Russ Anderson, former Community Bank Group Risk Officer, David Julian, former Chief Auditor, and Paul McLinko, former Executive Audit Director of Wells Fargo Bank, N.A., Sioux Falls, S.D. www.occ.gov/news-issuances/news-releases/2021/nr-occ-2021-96.html

September 10, 2021 - Third-Party Relationships: Agencies Extend Comment Period on Proposed Interagency Guidance - On September 10, 2021, the Office of the Comptroller of the Currency , the Board of Governors of the Federal Reserve System, and the Federal Deposit Insurance Corporation announced that they will extend the comment period on a notice of "Proposed Interagency Guidance on Third-Party Relationships: Risk Management," which was published in the Federal Register on July 19, 2021. www.occ.gov/news-issuances/bulletins/2021/bulletin-2021-42.html

September 10, 2021 - FDIC Launches 2nd Annual Academic Challenge - The Federal Deposit Insurance Corporation today announced the launch of the agency�s Second Annual 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/2021/pr21084.html

September 10, 2021 - The Pitfalls of Using Location Quotients to Identify Clusters and Represent Industry Specialization in Small Regions - Mariya Pominova, Todd Gabe, Andrew Crawley - This paper examines the use of location quotients, a measure of regional business activity relative to the national benchmark, as an indicator of sectoral agglomeration in small cities and towns, and as a measure of industry specialization that might impact the number of new business startups in these places. www.federalreserve.gov/econres/ifdp/pitfalls-of-using-location-quotients.htm

September 10, 2021 - Credit and Liquidity Programs and the Balance Sheet - Recent balance sheet trends, weekly chart update.  www.federalreserve.gov/monetarypolicy/bst_recenttrends.htm

September 10, 2021 - Financial Stability Governance and Central Bank Communications - Juan M. Londono, Stijn Claessens, Ricardo Correa- We investigate how central banks' governance frameworks influence their financial stability communication strategies and assess the effectiveness of these strategies in preventing a worsening of financial cycle conditions. www.federalreserve.gov/econres/ifdp/financial-stability-governance-and-central-bank-communications.htm

September 9, 2021 - Financing of Ag Production Loans Eases Further - Farm debt at commercial banks continued to ease in the second quarter. www.kansascityfed.org/agriculture/agfinance-updates/financing-of-ag-production-loans-eases-further/

September 9, 2021 - Federal Reserve publishes paper describing landscape of partnerships between community banks and fintech companies - The paper captures insights gathered from extensive outreach with community banks, fintechs, and other stakeholders. www.federalreserve.gov/newsevents/pressreleases/bcreg20210909a.htm
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September 9, 2021 - Labor Market Conditions Indicators - The KC Fed LMCI suggests the level of activity increased modestly in August while momentum decelerated. www.kansascityfed.org/data-and-trends/lmci/current-release/

September 9, 2021 - FDIC Selects Four Vendors to Participate in a Rapid Phased Prototyping Pilot Program - The Federal Deposit Insurance Corporation has chosen four companies�Novantas, Inc., Palantir Technologies Inc., PeerIQ, and S&P Global Market Intelligence, LLC �to propose a pilot consisting of testing new reporting and analytical tools with a small group of FDIC-supervised institutions on a voluntary basis. www.fdic.gov/news/financial-institution-letters/2021/fil21064.html

September 9, 2021 - Guidance to Help Financial Institutions and Facilitate Recovery in Areas of New Jersey and New York Affected by Remnants of Hurricane Ida - The FDIC has announced a series of steps intended to provide regulatory relief to financial institutions and facilitate recovery in areas of New Jersey and New York affected by remnants of Hurricane Ida. www.fdic.gov/news/financial-institution-letters/2021/fil21063.html

September 9, 2021 - Estimating Hysteresis Effects - Francesco Furlanetto, Antoine Lepetit, �rjan Robstad, Juan Rubio-Ram�rez, P�l Ulvedal - In this paper we identify demand shocks that can have a permanent effect on output through hysteresis effects. www.federalreserve.gov/econres/feds/estimating-hysteresis-effects.htm

September 9, 2021 - Quality-Adjusted Price Indexes for Communications Equipment - G.17 - With the September 9, 2021 release, the Quarterly Product Price Indexes are extended through 2019Q4. www.federalreserve.gov/releases/g17/commequip_price_indexes.htm

September 9, 2021 - Community Bank Access to Innovation Governor Michelle W. Bowman At the Government Relations Council meeting sponsored by The American Bankers Association, Washington, D.C. (virtual conference).  www.federalreserve.gov/newsevents/speech/bowman20210909a.htm

September 9, 2021 - Federal Reserve publishes paper describing landscape of partnerships between community banks and fintech companies - The paper captures insights gathered from extensive outreach with community banks, fintechs, and other stakeholders. https://www.federalreserve.gov/newsevents/pressreleases/bcreg20210909a.htm

September 9, 2021 - Federal Reserve Board issues enforcement action with former institution-affiliated party of BNP Paribas.  www.federalreserve.gov/newsevents/pressreleases/enforcement20210909a.htm

September 9, 2021 - NCUA Board Member Rodney E. Hood Remarks at the PBC Conference 2021: Payments, Banking, Compliance in the Cannabis Industry.   www.ncua.gov/newsroom/speech/2021/ncua-board-member-rodney-e-hood-remarks-pbc-conference-2021-payments-banking-compliance-cannabis

September 8, 2021 - OCC Issues Proposal to Rescind its 2020 Community Reinvestment Act Rule - The Office of the Comptroller of the Currency is soliciting comments on proposed rules to rescind the Community Reinvestment Act rule issued in 2020 and replace it with rules adopted jointly by the Federal banking agencies in 1995, as amended. www.occ.gov/news-issuances/news-releases/2021/nr-occ-2021-94.html

September 8, 2021 - NCUA - Credit Unions� Net Income, Insured Shares and Deposits Rise in Second Quarter - According to the latest financial performance data released today by the National Credit Union Administration, federally insured credit unions reported net income growth of $11.9 billion in the second quarter of 2021, or 126.8 percent, over the same period one year ago. www.ncua.gov/newsroom/press-release/2021/credit-unions-net-income-insured-shares-and-deposits-rise-second-quarter

September 8, 2021 - Federal Enhancements to Unemployment Insurance Supported Tenth District Incomes in 2020 - Federal supplements to state unemployment insurance mitigated income losses from COVID-19-related disruptions across the country. www.kansascityfed.org/research/economic-bulletin/federal-enhancements-to-unemployment-insurance-supported-tenth-district-incomes-in-2020/

September 8, 2021 - FDIC-Insured Institutions Reported Net Income of $70.4 Billion in Second Quarter 2021 - Reports from the 4,951 commercial banks and savings institutions insured by the Federal Deposit Insurance Corporation reflect aggregate net income of $70.4 billion in second quarter 2021, an increase of $51.9 billion (281 percent) from a year ago. https://www.fdic.gov/news/press-releases/2021/pr21083.html

September 8, 2021 - Statistical Release - Consumer Credit - G.19 - In July, consumer credit increased at a seasonally adjusted annual rate of 4.7 percent. Revolving credit increased at an annual rate of 6.7 percent, while nonrevolving credit increased at an annual rate of 4.1 percent. www.federalreserve.gov/releases/g19/current/default.htm

September 8, 2021 - Beige Book - Informal review by the Federal Reserve Banks of current economic conditions in their Districts.  www.federalreserve.gov/monetarypolicy/beige-book-default.htm

September 7, 2021 - Where Are All the Workers? - This edition of The Oklahoma Economist seeks to identify the extent to which workers still are available in Oklahoma and show how firms are dealing with labor shortages. www.kansascityfed.org/oklahomacity/oklahoma-economist/where-are-all-the-workers/

September 7, 2021 - IPOs and Corporate Taxes - Christine Dobridge, Rebecca Lester, and Andrew Whitten - Using a panel of U.S. corporate tax return data from 1994 to 2018, we compare tax payments for firms that completed an IPO with those that filed for an IPO but later withdrew and remained private. www.federalreserve.gov/econres/feds/ipos-and-corporate-taxes.htm

September 7, 2021 - Agencies extend comment period on proposed risk management guidance for third-party relationships - The federal bank regulatory agencies announced on Tuesday that they will extend until October 18, 2021, the comment period on proposed guidance designed to help banking organizations manage risks associated with third-party relationships, including relationships with financial technology-focused entities.
Press Release: www.federalreserve.gov/newsevents/pressreleases/bcreg20210907a.htm
Press Release: www.fdic.gov/news/press-releases/2021/pr21082.html
Press Release: www.occ.gov/news-issuances/news-releases/2021/nr-ia-2021-93.html

September 3, 2021 - OCC Hosts Virtual Minority Depository Institutions Advisory Committee Meeting September 21 - The Office of the Comptroller of the Currency today announced it will host a virtual public meeting of the Minority Depository Institutions Advisory Committee on Tuesday, September 21, 2021. www.occ.gov/news-issuances/news-releases/2021/nr-occ-2021-91.html

September 3, 2021 - OCC Hosts Virtual Mutual Savings Association Advisory Committee Meeting September 28 - The Office of the Comptroller of the Currency today announced it will host a virtual meeting of the Mutual Savings Association Advisory Committee on Tuesday, September 28, 2021. www.occ.gov/news-issuances/news-releases/2021/nr-occ-2021-92.html

September 3, 2021 - 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, 2021. www.fdic.gov/news/press-releases/2021/pr21081.html

September 3, 2021 - FDIC Issues List of Banks Examined for CRA Compliance - The list covers evaluation ratings that the FDIC assigned to institutions in June 2021. www.fdic.gov/news/press-releases/2021/pr21080.html 

September 3, 2021 - FOIA - Chair Powell's calendar, July 2021.  www.federalreserve.gov/foia/chair-powell-calendar-072021.htm

September 3, 2021 - Credit and Liquidity Programs and the Balance Sheet - Recent balance sheet trends, weekly chart update. www.federalreserve.gov/monetarypolicy/bst_recenttrends.htm

September 2, 2021 - Exploring Career Pathways in Economics - Presented by the Chicago Fed and The Sadie Collective - This event provides Black college and high school students with an opportunity to learn more about career pathways in economics and related fields. www.chicagofed.org/events/2021/sadie-collective-exploring-career-pathways

September 2, 2021 - OCC Releases CRA Evaluations for 19 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, 2021 through August 31, 2021. www.occ.gov/news-issuances/news-releases/2021/nr-occ-2021-90.html

September 2, 2021 - Federal Reserve Board announces termination of enforcement action with Intesa Sanpaolo S.p.A. and Intesa Sanpaolo S.p.A. New York Branch.   www.federalreserve.gov/newsevents/pressreleases/enforcement20210902a.htm

September 1, 2021 - Kansas City Fed Now Accepting Applications for Community Development Advisory Council - Community leaders in the Tenth District are encouraged to submit applications to join the Community Development Advisory Council. www.kansascityfed.org/newsroom/2021-news-releases/kansas-city-fed-now-accepting-applications-for-community-development-advisory-council/
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September 1, 2021 - NCUA Awards Grants to Assist Low-Income Credit Unions - The National Credit Union Administration awarded $1.5 million in Community Development Revolving Loan Fund grants to help 105 low-income credit unions expand outreach to underserved communities and improve digital services and security. www.ncua.gov/newsroom/press-release/2021/ncua-awards-grants-assist-low-income-credit-unions

September 1, 2021 - Kansas City Fed Now Accepting Applications for Community Development Advisory Council - The CDAC is composed of community, banking and labor leaders from throughout the Federal Reserve�s Tenth District. CDAC members provide insight from their community, and share feedback on the Bank�s community development research and programs. www.kansascityfed.org/newsroom/2021-news-releases/kansas-city-fed-now-accepting-applications-for-community-development-advisory-council/

September 1, 2021 - Regulatory Relief: Guidance to Help Financial Institutions and Facilitate Recovery in Areas of Louisiana Affected by Hurricane Ida. www.fdic.gov/news/financial-institution-letters/2021/fil21061.html 

September 1, 2021 - Statistical Release - Foreign Exchange Rates - G.5 - The table below shows the average rates of exchange in AUGUST 2021 together with comparable figures for other months. https://www.federalreserve.gov/releases/g5/current/default.htm