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

September 30, 2022 - Paducah Teachers Federal Credit Union Closes; C-Plant Federal Credit Union Assumes Most Shares - Accounts Remain Protected by Share Insurance Fund; Member Services Uninterrupted. www.ncua.gov/newsroom/press-release/2022/paducah-teachers-federal-credit-union-closes-c-plant-federal-credit-union-assumes-most-shares

September 30, 2022 - Consolidated Reports of Condition and Income for Third Quarter 2022 - The attached materials pertain to the Consolidated Reports of Condition and Income for the September 30, 2022, report date and provide guidance on certain reporting issues. www.fdic.gov/news/financial-institution-letters/2022/fil22045.html

September 30, 2022 - Regulatory Relief: Guidance to Help Financial Institutions and Facilitate Recovery in Areas of Alaska Affected by a Severe Storm, Flooding and Landslides.   www.fdic.gov/news/financial-institution-letters/2022/fil22044.html

September 30, 2022 - 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 2022. www.fdic.gov/news/press-releases/2022/pr22069.html

September 30, 2022 - Agencies announce forthcoming resolution plan guidance for large banks and deliver feedback on resolution plan of Truist Financial Corporation.  https://www.federalreserve.gov/newsevents/pressreleases/bcreg20220930a.htm

September 30, 2022 - The FOMC's Committee on the Directive: Behind Volcker's New Operating Procedures - Nicholas Burk and David H. Small - On October 6, 1979, Chairman Volcker announced that the Federal Reserve was embarking on a new, forceful, and ultimately successful campaign to lower the rampant inflation of that time. www.federalreserve.gov/econres/feds/the-fomcs-committee-on-the-directive-behind-volckers-new-operating-procedures.htm

September 30, 2022 - Consumers and Guaranteed Asset Protection on Vehicle Financing Contracts: A First Look - Thomas A. Durkin, Gregory Elliehausen, and Thomas A. Miller, Jr. - Guaranteed Asset Protection shields purchasers from financial risks of losses exceeding insured collateral values if vehicles become total losses. www.federalreserve.gov/econres/feds/consumers-and-guaranteed-asset-protection-on-vehicle-financing-contracts.htm

September 30, 2022 - Credit and Liquidity Programs and the Balance Sheet - Recent balance sheet trends, weekly chart update.  www.federalreserve.gov/monetarypolicy/bst_recenttrends.htm

September 30, 2022 - Speech by Governor Michelle W. Bowman - Large Bank Supervision and Regulation.  www.federalreserve.gov/newsevents/speech/bowman20220930a.htm

September 30, 2022 - FOMC - Historical Memos, 1981-84 - Preceding each FOMC meeting, the FOMC Secretariat distributes to the Committee memos covering a range of subjects. www.federalreserve.gov/monetarypolicy/fomc-memos-by-year.htm

September 30, 2022 - Statistical Release - Seasonal Factors for Motor Vehicle Sales.  www.federalreserve.gov/releases/g17/other_data.htm

September 30, 2022 - Speech by Vice Chair Lael Brainard - Global Financial Stability Considerations for Monetary Policy in a High-Inflation Environment.   www.federalreserve.gov/newsevents/speech/brainard20220930a.htm 

September 30, 2022 - Agencies announce forthcoming resolution plan guidance for large banks and deliver feedback on resolution plan of Truist Financial Corporation.  
Press Release: www.federalreserve.gov/newsevents/pressreleases/bcreg20220930a.htm
Press Release: www.fdic.gov/news/press-releases/2022/pr22070.html

September 29, 2022 - Hybrid Working, Commuting Time, and the Coming Long-Term Boom in Home Construction - In the long run, hybrid working could lead single-family home construction to almost double in the largest metropolitan areas. www.kansascityfed.org/research/economic-review/hybrid-working-commuting-time-and-the-coming-long-term-boom-in-home-construction/

September 29, 2022 - NCUA Posts 2023–2024 Proposed Budget, Sets October 19 Public Briefing - Agency Accepting Comments and Budget Briefing Presentation Requests - The National Credit Union Administration’s staff draft budget for 2023–2024 is now available on the agency’s website for review and comment. www.ncua.gov/newsroom/press-release/2022/ncua-posts-2023-2024-proposed-budget-sets-october-19-public-briefing

September 29, 2022 - OCC Allows National Banks and Federal Savings Associations Affected by Hurricane Ian in Alabama, Georgia, North Carolina and South Carolina to Close.   www.occ.gov/news-issuances/news-releases/2022/nr-occ-2022-122.html

September 29, 2022 - The Singularity of the Dual Mandate - 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/2022/september/the-singularity-of-the-dual-mandate/

September 29, 2022 - Community Banking Research Conference Names Winner of the John W. Ryan Award for Most Significant Contribution to Community Banking Research - The Community Banking Research Conference research committee has named the “Bank Loan Markups and Adverse Selection” paper as the winner of the 2022 John W. Ryan Award for Most Significant Contribution to Community Banking Research. www.stlouisfed.org/news-releases/2022/09/29/award-for-most-significant-contribution-to-community-banking-research

September 29, 2022 - Regulatory Relief: Guidance to Help Financial Institutions and Facilitate Recovery in Areas of Florida Affected by Hurricane Ian - The FDIC has announced a series of steps intended to provide regulatory relief to financial institutions and facilitate recovery in areas of Florida affected by Hurricane Ian. www.fdic.gov/news/financial-institution-letters/2022/fil22043.html 

September 29, 2022 - Statistical Release - Finance Companies - G.20.  www.federalreserve.gov/releases/g20/current/g20.htm

September 29, 2022 - Surveys and Reports - Senior Credit Officer Opinion Survey on Dealer Financing Terms, September 2022 - The September 2022 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. www.federalreserve.gov/data/scoos/scoos-202209.htm _____________________________

September 29, 2022 - Federal and state financial regulatory agencies issue interagency statement on supervisory practices regarding financial institutions affected by Hurricanes Fiona and Ian
Press Release: www.federalreserve.gov/newsevents/pressreleases/bcreg20220929a.htm
Press Release: www.fdic.gov/news/press-releases/2022/pr22068.html
Press Release: www.occ.gov/news-issuances/news-releases/2022/nr-ia-2022-121.html
Press Release: www.ncua.gov/newsroom/press-release/2022/federal-and-state-financial-regulatory-agencies-issue-interagency-statement-supervisory-practices

September 29, 2022 - Federal Reserve Board announces that six of the nation�s largest banks will participate in a pilot climate scenario analysis exercise designed to enhance the ability of supervisors and firms to measure and manage climate-related financial risks.  www.federalreserve.gov/newsevents/pressreleases/other20220929a.htm

September 28, 2022 - London School of Economics - President Charles Evans will participate in a moderated Q&A with the London School of Economics on Wednesday, September 28 at 1:00 p.m. CT. www.chicagofed.org/publications/speeches/2022/september-28-london-school-economics

September 28, 2022 - Is Remote Work Turning the Screw on Labor Market Tightness? - Businesses continue to face difficulties retaining workers and attracting new applicants. www.kansascityfed.org/denver/rocky-mountain-economist/Is-Remote-Work-Turning-the-Screw-on-Labor-Market-Tightness/

September 28, 2022 - Framework for the Supervision of Insurance Organizations - Organizations to describe its supervisory approach for supervised insurance organizations. www.federalreserve.gov/supervisionreg/srletters/SR2208.htm

September 28, 2022 - Speech by Governor Michelle W. Bowman - The New Landscape for Banking Competition Speech by Governor Michelle W. Bowman At the 2022 Community Banking Research Conference, sponsored by the Federal Reserve, the Conference of State Bank Supervisors, and the Federal Deposit Insurance Corporation, St. Louis, Missouri.  www.federalreserve.gov/newsevents/speech/bowman20220928a.htm

September 28, 2022 - Speech by Chair Jerome H. Powell - Welcoming Remarks At the 2022 Community Banking Research Conference, sponsored by the Federal Reserve, the Conference of State Bank Supervisors, and the Federal Deposit Insurance Corporation, St. Louis, Missouri. www.federalreserve.gov/newsevents/speech/powell20220928a.htm

September 28, 2022 - Federal Reserve Board finalizes supervisory framework for insurance organizations that are overseen by the Board - The supervisory framework applies supervisory guidance and resources based on a supervised insurance organization's risk. www.federalreserve.gov/newsevents/pressreleases/bcreg20220928a.htm 

September 27, 2022 - A speech presented by Charles L. Evans, president and chief executive officer, Federal Reserve Bank of Chicago, on September 27, 2022, at the Official Monetary and Financial Institutions Forum in London, UK. www.chicagofed.org/publications/speeches/2022/september-27-omfif

September 27, 2022 - NCUA - Minority Depository Institution Credit Unions Continue to Serve Members and Communities - The National Credit Union Administration today released its annual report to Congress on the performance of minority depository institution credit unions and the agency�s work to support them. www.ncua.gov/newsroom/press-release/2022/minority-depository-institution-credit-unions-continue-serve-members-and-communities 

September 27, 2022 - OCC Assesses $6 Million Civil Money Penalty Against Sterling Bank and Trust, FSB - The Office of the Comptroller of the Currency today assessed a $6 million civil money penalty against Sterling Bank and Trust, FSB, Southfield, Mich. The OCC also terminated the June 18, 2019, Formal Agreement between the bank and the OCC. www.occ.gov/news-issuances/news-releases/2022/nr-occ-2022-119.html

September 27, 2022 - Federal Reserve Board invites comment on updates to its existing guidance on commercial real estate loan accommodations for borrowers.   www.federalreserve.gov/newsevents/pressreleases/bcreg20220927a.htm

September 27, 2022 - Federal Reserve Board issues enforcement action with Customers Bank.  www.federalreserve.gov/newsevents/pressreleases/enforcement20220927a.htm

September 26, 2022 - Building an inclusive entrepreneurship ecosystem in Kansas City - Over the past decade, Kansas City has developed a strong entrepreneurship support system. www.kansascityfed.org/community/community-connections/building-an-inclusive-entrepreneurship-ecosystem-in-kansas-city/

September 26, 2022 - NCUA - Enhanced Credit Union Diversity Self-Assessment Improves Use Experience - These enhancements include additional details for submitting surveys, improved navigation, prepopulation of certain fields, and compliance with the 21st Century Integrated Digital Experience Act. www.ncua.gov/newsroom/press-release/2022/enhanced-credit-union-diversity-self-assessment-improves-use-experience

September 26, 2022 - Fed Training Program Helps Teachers Promote Economics Knowledge and Careers - The Federal Reserve Banks of Atlanta, Philadelphia, and St. Louis have created a program to train educators how to teach economics, with a focus on teaching children of color in low- and moderate-income school districts. www.stlouisfed.org/news-releases/2022/09/26/fref-fellows-program

September 26, 2022 - Regulatory Relief: Guidance to Help Financial Institutions and Facilitate Recovery in Areas of Puerto Rico Affected by Hurricane Fiona.  www.fdic.gov/news/financial-institution-letters/2022/fil22042.html

September 23, 2022 - NCUA Board Proposes Rule on Member Expulsion - The National Credit Union Administration Board held its first in-person open board meeting since the COVID-19 pandemic began, and its eighth open meeting of 2022, which included a live webcast, and unanimously approved two items: www.ncua.gov/newsroom/press-release/2022/ncua-board-proposes-rule-member-expulsion

September 23, 2022 - Sign Up for the 2022 Community Banking Research Conference, Sept. 28-29 - Community bankers, academics, policymakers and bank supervisors will meet Sept. 28-29 for the 10th annual Community Banking Research Conference at the Federal Reserve Bank of St. Louis and online. www.stlouisfed.org/news-releases/2022/09/22/sign-up-2022-community-banking-research-conference-sept-28-29

September 23, 2022 - Enhanced Financial Accounts, September 2022 update. www.federalreserve.gov/releases/efa/enhanced-financial-accounts.htm

September 23, 2022 - Federal Reserve Board invites comment on updates to operational risk-management requirements for certain systemically important financial market utilities supervised by the Board.  www.federalreserve.gov/newsevents/pressreleases/bcreg20220923a.htm

September 23, 2022 - Redistribution and the Monetary-Fiscal Policy Mix - Saroj Bhattarai, Jae Won Lee, and Choongryul Yang - We show that the effectiveness of redistribution policy is tied to how much inflation it generates, and thereby, to monetary-fiscal adjustments that ultimately finance the transfers. www.federalreserve.gov/econres/feds/redistribution-and-the-monetary-fiscal-policy-mix.htm

September 23, 2022 - Beliefs, Aggregate Risk, and the U.S. Housing Boom - Margaret M. Jacobson - Endogenously optimistic beliefs about future house prices can account for the path and standard deviation of house prices in the U.S. housing boom of the 2000s. www.federalreserve.gov/econres/feds/beliefs-aggregate-risk-and-the-u-s-housing-boom.htm

September 23, 2022 - Credit and Liquidity Programs and the Balance Sheet - Recent balance sheet trends, weekly chart update.  www.federalreserve.gov/monetarypolicy/bst_recenttrends.htm

September 23, 2022 - Average Debit Card Interchange Fee by Payment Card Network, 2021 data - The Board�s Regulation II provides that an issuer subject to the interchange fee standard may not receive, for any electronic debit transaction, an interchange fee that exceeds $0.21 plus 0.05 percent multiplied by the value of the transaction, plus a $0.01 fraud-prevention adjustment, if eligible. www.federalreserve.gov/paymentsystems/regii-average-interchange-fee.htm

September 23, 2022 - Legal Interpretation - Bank Holding Company Act, May 20, 2022.  www.federalreserve.gov/supervisionreg/legalinterpretations/bhc_changeincontrol2022.htm

September 23 2022 - Federal Reserve Board invites comment on updates to operational risk-management requirements for certain systemically important financial market utilities supervised by the Board www.federalreserve.gov/newsevents/pressreleases/bcreg20220923a.htm

September 22, 2022 - Tenth District Manufacturing Activity Continued to Decelerate - Regional factory activity was sluggish overall in September. www.kansascityfed.org/surveys/manufacturing-survey/tenth-district-manufacturing-activity-continued-to-decelerate/

September 22, 2022 - Household Debt Service and Financial Obligations Ratios.  www.federalreserve.gov/releases/housedebt/default.htm

September 22, 2022 - Federal Reserve Board approves discount rate action by the Boards of Directors of the Federal Reserve Banks of New York, Minneapolis, and San Francisco.   www.federalreserve.gov/newsevents/pressreleases/monetary20220922a.htm
_____________________

September 22, 2022 - OCC Announces New Executive Committee Members - The Office of the Comptroller of the Currency today announced three new members of its Executive Committee, effective October 10, 2022. www.occ.gov/news-issuances/news-releases/2022/nr-occ-2022-118.html

September 21, 2022 - OCC Hosts Risk Governance and Compliance Risk Workshops in Nashville - The Office of the Comptroller of the Currency will host two workshops November 1-2 in Nashville, Tenn., for directors, senior management, and other key executives of national community banks and federal savings associations. www.occ.gov/news-issuances/news-releases/2022/nr-occ-2022-117.html

September 21, 2022 - Federal Reserve Board and Federal Open Market Committee release economic projections from the September 20-21 FOMC meeting - The attached tables and charts released on Wednesday summarize the economic projections made by Federal Open Market Committee participants in conjunction with the September 20-21 meeting. www.federalreserve.gov/newsevents/pressreleases/monetary20220921b.htm

September 21, 2022 - Federal Reserve issues FOMC statement - Federal Reserve issues FOMC statement.  www.federalreserve.gov/newsevents/pressreleases/monetary20220921a.htm

September 20, 2022 - NCUA Charters People Trust Community Federal Credit Union - The National Credit Union Administration has granted a federal charter and Share Ins2urance Fund coverage to People Trust Community Federal Credit Union in North Little Rock, Arkansas. www.ncua.gov/newsroom/press-release/2022/ncua-charters-people-trust-community-federal-credit-union

September 20, 2022 - September is National Preparedness Month - Be prepared before a public health or natural disaster strikes your community. www.kansascityfed.org/community/disaster-preparedness-and-recovery/

September 20, 2022 - FDIC Launches 3rd Annual Academic Challenge - The Federal Deposit Insurance Corporation today announced the launch of the agency�s third 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/2022/pr22067.html

September 19, 2022 - OCC Allows National Banks and Federal Savings Associations Affected by Flooding in Alaska to Close.  www.occ.gov/news-issuances/news-releases/2022/nr-occ-2022-116.html

September 19, 2022 - OCC Allows National Banks and Federal Savings Associations Affected by Hurricane Fiona in Puerto Rico to Close.  www.occ.gov/news-issuances/news-releases/2022/nr-occ-2022-115.html

September 16, 2022 - 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, 2022. www.fdic.gov/news/press-releases/2022/pr22066.html

September 16, 2022 - Credit and Liquidity Programs and the Balance Sheet - Recent balance sheet trends, weekly chart update.  www.federalreserve.gov/monetarypolicy/bst_recenttrends.htm ________________________________

September 15, 2022 - NCUA Releases Q2 2022 State-Level Credit Union Data Report - Federally insured credit unions experienced continued growth in assets, shares and deposits, and loans outstanding over the year ending in the second quarter of 2022, according to the latest NCUA Quarterly U.S. Map Review(opens new window), released today by the National Credit Union Administration. www.ncua.gov/newsroom/press-release/2022/ncua-releases-q2-2022-state-level-credit-union-data-report

September 15, 2022 - OCC Reports Improvement in Overall Mortgage Performance - The Office of the Comptroller of the Currency (OCC) reported that the performance of first-lien mortgages in the federal banking system improved during the second quarter of 2022. www.occ.gov/news-issuances/news-releases/2022/nr-occ-2022-114.html

September 15, 2022 - OCC Enforcement Actions and Terminations - The Office of the Comptroller of the Currency today released new enforcement actions taken against national banks, federal savings associations, and individuals currently and formerly affiliated with national banks and federal savings associations. www.occ.gov/news-issuances/news-releases/2022/nr-occ-2022-113.html

September 15, 2022 - Regulatory Relief: Guidance to Help Financial Institutions and Facilitate Recovery in Areas of Salt River Pima-Maricopa Indian Community (Arizona) Affected by Severe Storms.  www.fdic.gov/news/financial-institution-letters/2022/fil22041.html

September 15, 2022 - Statistical Release - Industrial Production and Capacity Utilization - G.17 - Industrial production decreased 0.2 percent in August. www.federalreserve.gov/releases/g17/current/default.htm

September 14, 2022 - NCUA Releases Simplified CECL Tool for Small Credit Unions - The National Credit Union Administration released today a new tool to help small credit unions comply with the Financial Accounting Standards Board�s accounting standard on current expected credit loss, or CECL, which goes into effect for most credit unions at the start of 2023.   www.ncua.gov/newsroom/press-release/2022/ncua-releases-simplified-cecl-tool-small-credit-unions

September 14, 2022 - The Federal Financial Institutions Examination Council today announced the appointment of Yolanda Ford to the FFIEC�s State Liaison Committee. - Ford was designated by the National Association of State Credit Union Supervisors to complete the remainder of the two-year term left vacant by the early departure of Senior Deputy Commissioner Stephen Pleger. www.ffiec.gov/press/pr091422.htm

September 14, 2022 - Federal Reserve Board announces approval of application by CBTX, Inc. -The Federal Reserve Board on Wednesday announced its approval of the application by CBTX, Inc., of Beaumont, Texas, to acquire Allegiance Bancshares, Inc., and its subsidiary bank, Allegiance Bank, both of Houston, Texas. www.federalreserve.gov/newsevents/pressreleases/orders20220914a.htm

September 13, 2022 - NCUA - Registration Opens for NCUA DEI and ACCESS Summit Nov. 2 � 4 - The theme of this year�s summit is All-In on DEI & ACCESS. ACCESS represents NCUA�s initiative for Advancing Communities through Credit, Education, Stability, and Support. www.ncua.gov/newsroom/press-release/2022/registration-opens-ncua-dei-and-access-summit-nov-2-4

September 13, 2022 - OCC Reports Second Quarter 2022 Bank Trading Revenue - The Office of the Comptroller of the Currency reported cumulative trading revenue of U.S. commercial banks and savings associations of $10.3 billion in the second quarter of 2022. www.occ.gov/news-issuances/news-releases/2022/nr-occ-2022-112.html

September 13, 2022 - OCC Hosts Miami Workshop for National Community Bank Board Directors, Bank Management - The Office of the Comptroller of the Currency will host a workshop October 25-26 in Miami for directors, senior management, and other key executives of national community banks and federal savings associations. www.occ.gov/news-issuances/news-releases/2022/nr-occ-2022-111.html

September 13, 2022 - Minorities in Banking - Multi-day event, September 27 � 28 Hybrid - This forum is designed to enhance the careers and networks of middle management to senior-level leaders who are people of color in the financial services industry. www.kansascityfed.org/events/minorities-in-banking-2022/

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

September 12, 2022 - OCC Announces Chief Climate Risk Officer - The Office of the Comptroller of the Currency today announced the appointment of Dr. Yue (Nina) Chen as Chief Climate Risk Officer. www.occ.gov/news-issuances/news-releases/2022/nr-occ-2022-110.html 

September 9, 2022 - Welcome Remarks - A speech presented by Charles L. Evans, president and chief executive officer, Federal Reserve Bank of Chicago, on September 9, 2022, at the third annual Exploring Career Pathways in Economics and Related Fields conference, cosponsored by the Federal Reserve Bank of Chicago and the Sadie Collective. www.chicagofed.org/publications/speeches/2022/september-09-career-pathways-event

September 9, 2022 - Minorities in Banking - Multi-day event, September 27 � 28 - This forum is designed to enhance the careers and networks of middle management to senior-level leaders who are people of color in the financial services industry. www.kansascityfed.org/events/minorities-in-banking-2022/

September 9, 2022 - Annual Report on Promoting Minority Depository Institutions - This annual report to Congress details the actions taken to fulfill requirements outlined in section 308 of the Financial Institutions Reform, Recovery, and Enforcement Act of 1989, as amended by the Dodd-Frank Act. https://www.federalreserve.gov/publications/preserving-minority-depository-institutions.htm

September 9, 2022 - 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 9, 2022 - Recent balance sheet trends, weekly chart update.  www.federalreserve.gov/monetarypolicy/bst_recenttrends.htm

September 9, 2022 - Credit Card Profitability - Robert Adams, Vitaly M. Bord, and Bradley Katcher - Credit cards are one of the most ubiquitous consumer financial products in the United States, with more than 75 percent of households owning at least one general purpose credit card in 2019.  www.federalreserve.gov/econres/notes/feds-notes/credit-card-profitability-20220909.html

September 9, 2022 - Speech by Governor Waller on the economic outlook At the 17th Annual Vienna Macroeconomics Workshop (2022), Vienna, Austria.   www.federalreserve.gov/newsevents/speech/waller20220909a.htm

September 9, 2022 - Agencies reaffirm commitment to Basel III standards - Federal bank regulatory agencies today reaffirmed their commitment to implementing enhanced regulatory capital requirements that align with the final set of "Basel III" standards issued by the Basel Committee on Banking Supervision in December 2017.
Press Release: www.federalreserve.gov/newsevents/pressreleases/bcreg20220909a.htm
Press Release: www.fdic.gov/news/press-releases/2022/pr22065.html
Press Release: www.occ.gov/news-issuances/news-releases/2022/nr-ia-2022-109.html

September 8, 2022 - Oklahoma�s Changing Employment Mix Since COVID: More Warehouse and Finance - This edition of the Oklahoma Economist looks at which Oklahoma industries have added and shed the most jobs over the past three years. www.kansascityfed.org/oklahomacity/oklahoma-economist/oklahomas-changing-employment-mix-since-covid-more-warehouse-and-finance-jobs-fewer-energy-and-office-support-jobs/

September 8, 2022 - FDIC-Insured Institutions Reported Net Income of $64.4 Billion in Second Quarter 2022 - Reports from 4,771 commercial banks and savings institutions insured by the Federal Deposit Insurance Corporation reflect aggregate net income of $64.4 billion in second quarter 2022, a decline of $6.0 billion (8.5 percent) from a year ago. www.fdic.gov/news/press-releases/2022/pr22064.html

September 8, 2022 - Statistical Release - Consumer Credit - G.19 -In July, consumer credit increased at a seasonally adjusted annual rate of 6.2 percent. www.federalreserve.gov/releases/g19/current/default.htm __________________________

September 8, 2022 - OCC Hosts Minority Depository Institutions Advisory Committee Meeting September 27 - The meeting, which will be hosted in person and virtually, is open to the public and will begin at 10:00 a.m. Eastern Daylight Time.  www.occ.gov/news-issuances/news-releases/2022/nr-occ-2022-108.html

September 8, 2022 - Minorities in Banking - Register now for a hybrid event focusing on career growth for minorities in the financial services industry. www.kansascityfed.org/events/minorities-in-banking-2022/

September 8, 2022 - FDIC-Insured Institutions Reported Net Income of $- 4.4 Billion in Second Quarter 2022 - �The banking industry reported generally positive results in the second quarter as loan balances strengthened, net interest income grew, and credit quality remained favorable, although net income declined as a result of increased provision expenses. www.fdic.gov/news/press-releases/2022/pr22064.html

September 7, 2022 - NCUA - Credit Union Lending, Assets, Insured Shares and Deposits Continue Growth - According to the latest financial performance data released today by the National Credit Union Administration, total loans outstanding in federally insured credit unions increased $194 billion, or 16.2 percent, over the year ending in the second quarter of 2022, to $1.39 trillion. www.ncua.gov/newsroom/press-release/2022/credit-union-lending-assets-insured-shares-and-deposits-continue-growth

September 7, 2022 - Information Security: Expectations for Protecting Non-public OCC Information on Institution- or Other Non-OCC-Owned or Managed Video Teleconferencing Services - The Office of the Comptroller of the Currency is issuing this bulletin to explain the OCC�s expectations for protecting non-public OCC information, as defined in 12 CFR 4.32(b)(1), shared on video teleconferencing services that are operated or managed by an institution1 or any other party. https://www.occ.gov/news-issuances/bulletins/2022/bulletin-2022-21.html

September 7, 2022 - OCC Releases CRA Evaluations for 31 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, 2022, through August 31, 2022. www.occ.gov/news-issuances/news-releases/2022/nr-occ-2022-107.html

September 7, 2022 - Acting Comptroller Discusses Safeguarding Trust in Banking - Acting Comptroller of the Currency Michael J. Hsu today discussed the long-term threats to trust in banking in remarks at the TCH + BPI Annual Conference in New York. www.occ.gov/news-issuances/news-releases/2022/nr-occ-2022-106.html

September 7, 2022 - St. Louis Fed Releases Beige Book - The Federal Reserve Bank of St. Louis released its portion of the Federal Reserve�s latest Beige Book, published today. www.stlouisfed.org/news-releases/2022/09/st-louis-fed-releases-beige-book

September 7, 2022 - Speech by Vice Chair for Supervision Michael S. Barr Making the Financial System Safer and Fairer At the Brookings Institution, Washington, D.C. www.federalreserve.gov/newsevents/speech/barr20220907a.htm

September 7, 2022 - 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, 2022 - Speech by Vice Chair Lael Brainard Bringing Inflation Down At the Clearing House and Bank Policy Institute 2022 Annual Conference, New York, New York.  www.federalreserve.gov/newsevents/speech/brainard20220907a.htm

September 6, 2022 - Expert Voices: Lead Service Line Replacement - This interview series brings together experts with diverse experiences working toward replacing lead service lines. By engaging with these perspectives, we aim to highlight opportunities to overcome the economic and financial barriers to widespread and rapid replacement of lead service lines. www.chicagofed.org/research/lead/interviews

September 6, 2022 - OCC Releases Strategic Plan for Fiscal Years 2023-2027 - The strategic plan outlines the agency�s approach to achieve three strategic goals and fulfill its mission to ensure that national banks and federal savings associations operate in a safe and sound manner, provide fair access to financial services, treat customers fairly, and comply with applicable laws and regulations. www.occ.gov/publications-and-resources/publications/banker-education/files/pub-occ-strategic-plan-2023-2027.pdf

September 6, 2022 - The coming long-run slowdown in corporate profit growth and stock returns - Michael Smolyansky - Over the past two decades, the corporate profits of stock market listed firms have been substantially boosted by declining interest rate expenses and lower corporate tax rates. www.federalreserve.gov/econres/notes/feds-notes/the-coming-long-run-slowdown-in-corporate-profit-growth-and-stock-returns-20220906.html

September 2, 2022 - FDIC Issues List of Banks Examined for CRA Compliance - The list covers evaluation ratings that the FDIC assigned to institutions in June 2022. www.fdic.gov/news/press-releases/2022/pr22063.html

September 2, 2022 - FOIA - Chair Powell's calendar, July 2022.  www.federalreserve.gov/foia/chairman-powell-calendar.htm

September 2, 2022 - Communications with the public through September 2, 2022 - 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 2, 2022 - Credit and Liquidity Programs and the Balance Sheet - Recent balance sheet trends, weekly chart update.  www.federalreserve.gov/monetarypolicy/bst_recenttrends.htm

September 2, 2022 - Bank Deposit Flows to Money Market Funds and ON RRP Usage during Monetary Policy Tightening - Luke Morgan, Anthony Sarver, Manjola Tase, and Andrei Zlate - Using the historical experience from past monetary tightening cycles and the market-expected path of the federal funds rate for the current tightening cycle, we project that the flows from bank deposits to money market funds would be relatively small, at about $600 billion through the end of 2024, or about 3 percent of current bank deposits. www.federalreserve.gov/econres/feds/bank-deposit-flows-to-money-market-funds-and-on-rrp-usage-during-monetary-policy-tightening.htm

September 1, 2022 - Acting Comptroller Discusses Importance of Community Banks; Announces Reduction in Assessment Fees - Acting Comptroller of the Currency Michael J. Hsu today discussed the importance of community banks, and the challenges and opportunities of digitalization, in a meeting with the Texas Bankers Association in Dallas. www.occ.treas.gov/news-issuances/news-releases/2022/nr-occ-2022-104.html

September 1, 2022 - The Rise of Nonbanks and the Quality of Financial Services: Evidence from Consumer Complaints - Ahmet Degerli and Jing Wang - We show that as nonbanks' market share increases in a local residential mortgage market, the quality of mortgage services in the market improves. www.federalreserve.gov/econres/feds/the-rise-of-nonbanks-and-the-quality-of-financial-services-evidence-from-consumer-complaints.htm

September 1, 2022 - Foreign Exchange Rates - Foreign Exchange Rates - G.5 The table below shows the average rates of exchange in AUGUST 2022 together with comparable figures for other months. www.federalreserve.gov/releases/g5/current/default.htm

September 1, 2022 - Federal Reserve Board announces termination of enforcement action with HSBC Holdings. https://www.federalreserve.gov/newsevents/pressreleases/enforcement20180814a.htm  _________________________

September 1, 2022 - NCUA Grants Will Allow Low-Income Credit Unions to Expand Service, Build Capacity - The National Credit Union Administration has awarded more than $1.5 million in Community Development Revolving Loan Fund grants to help 90 low-income credit unions expand outreach to underserved communities, participate in mentoring relationships, receive training, and improve digital services and security. www.ncua.gov/newsroom/press-release/2022/ncua-grants-will-allow-low-income-credit-unions-expand-service-build-capacity