The E-mail Banking News
(Bank Regulatory News)

May 2019

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May 23, 2019 - OCC Hosts Minority Depository Institutions Advisory Committee Meeting in Dallas - The Office of the Comptroller of the Currency today announced it will host a public meeting of the Minority Depository Institutions Advisory Committee on Wednesday, June 12, 2019, beginning at 1:00 p.m., Central Daylight Time. www.occ.gov/news-issuances/news-releases/2019/nr-occ-2019-52.html

May 23, 2019 - Federal Reserve Board issues Report on the Economic Well-Being of U.S. Households - The Federal Reserve Board's latest Report on the Economic Well-Being of U.S. Households found that most measures of economic well-being and financial resilience in 2018 were similar to, or slightly better than, those in 2017. www.federalreserve.gov/newsevents/pressreleases/other20190523b.htm

May 23, 2019 - Federal Reserve Board announces termination of enforcement actions.  www.federalreserve.gov/newsevents/pressreleases/enforcement20190523a.htm 

May 23, 2019 - Federal Reserve to offer seven-day term deposits on May 30 - These operations are aimed at ensuring the operational readiness of the TDF and providing eligible institutions with an opportunity to maintain familiarity with term deposit procedures. www.federalreserve.gov/newsevents/pressreleases/monetary20190523a.htm

May 23, 2019 - NCUA - CURE Expanding Resources for Credit Unions - The National Credit Union Administration Board held its fifth open meeting of 2019 at the agency’s headquarters today and unanimously approved one item: www.ncua.gov/newsroom/press-release/2019/cure-expanding-resources-credit-unions

May 22, 2019 - OCC Appoints Four New Members to Mutual Savings Association Advisory Committee - The MSAAC’s role includes assessing the condition of mutual savings associations, regulatory changes or other steps the OCC may take to ensure the health and vitality of mutual savings associations, and other issues of concern to these institutions. www.occ.gov/news-issuances/news-releases/2019/nr-occ-2019-51.html

May 22, 2019 - St. Louis Fed's Bullard Discusses Successful Normalization of U.S. Monetary Policy - Federal Reserve Bank of St. Louis President James Bullard discussed “A Successful Normalization of Monetary Policy in the U.S.” on Wednesday in a presentation to the Foreign Correspondents’ Club. www.stlouisfed.org/news-releases/2019/05/22/bullard-discusses-successful-normalization-of-us-monetary-policy

May 22, 2019 - FDIC Resolves Payday Lender Lawsuit - The Federal Deposit Insurance Corporation has resolved a lawsuit with Advance America, Cash Advance Centers, Inc.; Check Into Cash, Inc.; and Northstate Check Exchange. Advance America et al. v. Federal Deposit Insurance Corporation et al. www.fdic.gov/news/news/press/2019/pr19040.html

May 22, 2019 - Structure and Share Data for U.S. Banking Offices of Foreign Entities - Data are collected as of the end of the month for March, June, September and December, and generally are released three months later. www.federalreserve.gov/releases/iba/default.htm

May 22, 2019 - The Role of U.S. Monetary Policy in Global Banking Crises - Bora Durdu, Alex Martin, and Ilknur Zer - We examine the role of U.S. monetary policy in global financial stability by using a cross-country database spanning the period from 1870-2010 across 69 countries. www.federalreserve.gov/econres/feds/files/2019039pap.pdf

May 22, 2019 - Benchmarking Operational Risk Stress Testing Models - Filippo Curti, Marco Migueis, and Robert Stewart - The Federal Reserve's Comprehensive Capital Analysis and Review requires large bank holding companies to project losses under stress scenarios. www.federalreserve.gov/econres/feds/files/2019038pap.pdf

May 22, 2019 - Minutes of the Federal Open Market Committee, April 30-May 1, 2019.  www.federalreserve.gov/newsevents/pressreleases/monetary20190522a.htm

May 22, 2019 - NCUA Chairman Hood Appoints Lenwood Brooks as the Assistant to the Chairman and Director of External Affairs www.ncua.gov/newsroom/press-release/2019/ncua-chairman-hood-appoints-lenwood-brooks-assistant-chairman-and-director-external-affairs

May 21, 2019 - NCUA - Share Insurance Dividend Payments to Occur the Week of May 20 - This week, the National Credit Union Administration will pay dividends for more than 5,500 institutions eligible for the $160.1 million National Credit Union Share Insurance Fund distribution, the agency announced today. www.ncua.gov/newsroom/press-release/2019/share-insurance-dividend-payments-occur-week-may-20

May 21, 2019 - Senior Deputy Comptroller Discusses Bank Secrecy Act and Anti-Money Laundering Compliance - Senior Deputy Comptroller for Bank Supervision Policy Grovetta N. Gardineer today discussed efforts to protect the financial system from being misused for illegal purposes during a hearing before the U.S. Senate Committee on Banking, Housing, and Urban Affairs. www.occ.gov/news-issuances/news-releases/2019/nr-occ-2019-50.html

May 21, 2019 - Emerging Trends in the U.S and Colorado Economies By Alison Felix Economist and Branch Executive Federal Reserve Bank of Kansas City Denver Branch.   www.kansascityfed.org/~/media/files/publicat/speeches/2019/2019-felix-cashadvisorycouncil-05-21.pdf

May 21, 2019 - FEDS Notes - Tips from TIPS: Update and Discussions - Don Kim, Cait Walsh, and Min Wei - Introduction - The spread between the yield on a nominal Treasury security and that on a Treasury inflation protected security of comparable maturities--usually called the "breakeven inflation rate" or "inflation compensation"--has been often used as a real-time proxy for market participants' inflation expectations. www.federalreserve.gov/econres/notes/feds-notes/tips-from-tips-update-and-discussions-20190521.htm

May 21, 2019 - FEDS Notes - Assessing the size of the risks posed by life insurers' nontraditional liabilities - Nathan Foley-Fisher, Borghan N. Narajabad, and Stéphane Verani - This note discusses potential methods for assessing the size of the run risk associated with life insurers' nontraditional liabilities. www.federalreserve.gov/econres/notes/feds-notes/assessing-the-size-of-the-risks-posed-by-life-insurers-nontraditional-liabilities-20190521.htm

May 21, 2019 - FEDS Notes -There is No Single Best Predictor of Recessions - Which term spread, or term spread derived, measure is the most accurate predictor of recessions? I conduct a robustness analysis of different spreads and show that there is no single most accurate predictor at any horizon. www.federalreserve.gov/econres/notes/feds-notes/there-is-no-single-best-predictor-of-recessions-20190521.htm

May 21, 2019 - Statistical Release - Charge-Off and Delinquency Rates on Loans and Leases at Commercial Banks.  www.federalreserve.gov/releases/chargeoff/

May 21, 2019 - Federal Reserve Board issues enforcement action with former employee of The Croghan Colonial Bank and announces termination of enforcement action with Highlands Bankshares and Highlands Union Bank.   www.federalreserve.gov/newsevents/pressreleases/enforcement20190521a.htm

May 20, 2019 - Chicago Fed National Activity Index Points to Slower Economic Growth in April - Led by declines in production-related indicators, the Chicago Fed National Activity Index fell to –0.45 in April from +0.05 in March. www.chicagofed.org/~/media/publications/cfnai/2019/cfnai-may2019-pdf.pdf

May 20, 2019 - Does Automation Always Lead to a Decline in Low-Wage Jobs? - By Daniel Aaronson , Brian J. Phelan - To what extent are low-wage jobs in the United States being replaced by technology?  www.chicagofed.org/publications/chicago-fed-letter/2019/413

May 20, 2019 - NCUA Charters Otoe-Missouria Federal Credit Union - National Credit Union Administration Board Chairman Rodney E. Hood today presented a federal credit union charter to the Otoe-Missouria Federal Credit Union in Red Rock, Oklahoma. www.ncua.gov/newsroom/press-release/2019/ncua-charters-otoe-missouria-federal-credit-union

May 20, 2019 - OCC Report Highlights Key Risks for Federal Banking System - The Office of the Comptroller of the Currency today reported credit, operational, compliance, and interest rate risks are key themes for the federal banking system in its Semiannual Risk Perspective for Spring 2019. www.occ.gov/news-issuances/news-releases/2019/nr-occ-2019-49.html

May 20, 2019 - Banker Teleconference Series: Private Flood Insurance Rule - The FDIC's Division of Depositor and Consumer Protection will conduct an interagency webinar scheduled for Tuesday, June 18, 2019, that will focus on the recently issued interagency final rule on private flood insurance. www.fdic.gov/news/news/financial/2019/fil19027.html

May 20, 2019 - Financial Institution Diversity Video - The FDIC's Office of Minority and Women Inclusion prepared a video that is available on the FDIC YouTube Channel. In the "Financial Institution Diversity" video, OMWI Director Saul Schwartz describes the FDIC's Financial Institution Diversity Program. www.fdic.gov/news/news/financial/2019/fil19026.html

May 20, 2019 - Speech by Vice Chair Clarida on the Federal Reserve’s review of its monetary policy strategy, tools, and communication practices At "Fed Listens: A Capstone Roundtable" hosted by the Federal Reserve Bank of New York, New York, New York.  www.federalreserve.gov/newsevents/speech/clarida20190520a.htm

May 17, 2019 - NCUA - Municipal Credit Union Conserved - The New York State Department of Financial Services today took possession of Municipal Credit Union, located in New York City, and appointed the National Credit Union Administration as conservator. www.ncua.gov/newsroom/press-release/2019/municipal-credit-union-conserved

May 16, 2019 - Best Practices for Financing Illinois Infrastructure - By Rick Mattoon , Sarah Wetmore - On April 5, 2019, more than 140 academics, business leaders, government officials, and policy researchers came to the Federal Reserve Bank of Chicago to explore how best to design and finance an infrastructure program for Illinois. www.chicagofed.org/publications/chicago-fed-letter/2019/414 

May 16, 2019 - Revisions to the Supplementary Leverage Ratio for Custodial Banking Organizations and Custody Banks: Notice of Proposed Rulemaking - On April 30, 2019, the Office of the Comptroller of the Currency, the Board of Governors of the Federal Reserve System, and the Federal Deposit Insurance Corporation issued a notice of proposed rulemaking that would exclude from the supplementary leverage ratio certain central bank deposits of banking organizations predominantly engaged in custody, safekeeping, and asset servicing activities consistent with section 402 of the Economic Growth, Regulatory Relief, and Consumer Protection Act. www.occ.treas.gov/news-issuances/bulletins/2019/bulletin-2019-24.html

May 16, 2019 - Comptroller’s Handbook: Updated ‘Foreword’ Booklet and Rescissions - The Office of the Comptroller of the Currency issued today the updated “Foreword” booklet of the Comptroller’s Handbook. This booklet describes the overall organization and format of the Comptroller’s Handbook. www.occ.treas.gov/news-issuances/bulletins/2019/bulletin-2019-23.html

May 16, 2019 - Emerging Trends in the Colorado Economy By Alison Felix Economist and Branch Executive Federal Reserve Bank of Kansas City Denver Branch.   www.kansascityfed.org/~/media/files/publicat/speeches/2019/2019-felix-econforumgrandjunction-05-16.pdf

May 16, 2019 - St. Louis Fed Honors Professor for Contributions to Economic Education - Gail Heyne Hafer is the recipient of the 2019 Economic Educator Advisory Board Educator of the Year Award from the Federal Reserve Bank of St. Louis. www.stlouisfed.org/news-releases/2019/05/16/st-louis-fed-honors-professor-for-contributions-to-economic-education

May 16, 2019 - Statistical Release Finance Companies - G.20.  www.federalreserve.gov/releases/g20/current/g20.htm

May 16, 2019 - Federal Reserve Board issues enforcement actions with former employee of Fayette County Bank and Adams Bank and Trust.  www.federalreserve.gov/newsevents/pressreleases/enforcement20190516a.htm
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May 16, 2019 - OCC Enforcement Actions and Terminations - The Office of the Comptroller of the Currency today released new enforcement actions taken against national banks, federal savings associations, and individuals currently and formerly affiliated with national banks and federal savings associations. www.occ.gov/news-issuances/news-releases/2019/nr-occ-2019-48.html

May 16, 2019 - Comptroller of the Currency Discusses Regulatory Reform and Diversity During Congressional Hearing.  www.occ.gov/news-issuances/news-releases/2019/nr-occ-2019-47.html
 
May 16, 2019 - Credible Forward Guidance - Taisuke Nakata and Takeki Sunakawa - We analyze credible forward guidance policies in a sticky-price model with an effective lower bound constraint on nominal interest rates by solving a series of optimal sustainable policy problems indexed by the duration of reputational loss.  www.federalreserve.gov/econres/feds/2019.htm#2019037

May 16, 2019 - Optimal Inflation Target with Expectations-Driven Liquidity Traps - Philip Coyle and Taisuke Nakata - In expectations-driven liquidity traps, a higher inflation target is associated with lower inflation and consumption. www.federalreserve.gov/econres/feds/files/2019036pap.pdf

May 16, 2019 - Speech by Governor Brainard on the disconnect between inflation and employment in the new At "Certain Uncertainty: Tax Policy in Unsettled Times" National Tax Association 49th Annual Spring Symposium, Washington, D.C. www.federalreserve.gov/newsevents/speech/brainard20190516a.htm

May 16, 2019 - NCUA Chairman Rodney E. Hood Congressional Testimony - Hearing on Oversight of Prudential Regulators: Ensuring the Safety, Soundness and Accountability of Megabanks and Other Depository Institutions.  www.ncua.gov/newsroom/testimony/2019/ncua-chairman-rodney-e-hood-congressional-testimony-hearing-oversight-prudential-regulators-ensuring

May 15, 2019 - Does Automation Always Lead to a Decline in Low-Wage Jobs? - By Daniel Aaronson , Brian J. Phelan - To what extent are low-wage jobs in the United States being replaced by technology? Our research1 suggests that low-wage jobs that are intensive in routine cognitive tasks, such as cashier, were supplanted by automation during the 2000s. www.chicagofed.org/publications/chicago-fed-letter/2019/413

May 15, 2019 - Comptroller of the Currency Discusses Banking Regulatory Reform - Comptroller of the Currency Joseph M. Otting today discussed the common sense, bipartisan reforms that are reducing unnecessary burden on banks while ensuring they operate in a safe, sound, and fair manner. www.occ.gov/news-issuances/news-releases/2019/nr-occ-2019-46.html

May 15, 2019 - Emerging Trends in the Colorado Economy - By Alison Felix Economist and Branch Executive Federal Reserve Bank of Kansas City Denver Branch
www.kansascityfed.org/~/media/files/publicat/speeches/2019/2019-felix-econforumgrandjunction-05-16.pdf

May 15, 2019 - Statistical Release - Industrial Production and Capacity Utilization - G.17 - Industrial production fell 0.5 percent in April, and the rates of change for previous months were revised down on net. Output is now reported to have declined 1.9 percent at an annual rate in the first quarter. www.federalreserve.gov/releases/g17/current/default.htm

May 15, 2019 - Testimony by Vice Chair for Supervision Randal K. Quarles - Supervision and Regulation Report - Before the Committee on Banking, Housing, and Urban Affairs, U.S. Senate, Washington, D.C. www.federalreserve.gov/newsevents/testimony/quarles20190515a.htm

May 15, 2019 - NCUA Chairman Rodney E. Hood Congressional Testimony - Hearing on Oversight of Financial Regulators.  www.ncua.gov/newsroom/testimony/2019/ncua-chairman-rodney-e-hood-congressional-testimony-hearing-oversight-financial-regulators

May 150, 2019 - A New �Big Data� Index of U.S. Economic Activity By Scott A. Brave , R. Andrew Butters , David Kelley - Central banks around the globe are commonly charged with the responsibility of producing timely predictions of the current state of the economy in the course of conducting monetary policy.  www.chicagofed.org/publications/economic-perspectives/2019/1

May 14, 2019 - Is Low Inflation a Problem for the United States? - By Esther George President and Chief Executive Officer Federal Reserve Bank of Kansas City.   www.kansascityfed.org/~/media/files/publicat/speeches/2019/econclubofminneapolis2019may13egfinal_gk.pdf

May 14, 2019 - Statement by Federal Reserve Board Chair Jerome H. Powell on the passing of Alice Rivlin.  www.federalreserve.gov/newsevents/pressreleases/other20190514a.htm

May 13, 2019 - Becky B. Potts Announced as Regional Executive of the Federal Reserve Bank of San Francisco�s Salt Lake City Branch.  www.frbsf.org/our-district/press/news-releases/2019/becky-b-potts-announced-as-regional-executive-salt-lake-city-branch/

May 13, 2019 - Measuring Labor-Force Participation and the Incidence and Duration of Unemployment - Hie Joo Ahn and James D. Hamilton - The underlying data from which the U.S. unemployment rate, labor-force participation rate, and duration of unemployment are calculated contain numerous internal contradictions. www.federalreserve.gov/econres/feds/files/2019035pap.pdf

May 13, 2019 - Speech by Vice Chair Clarida on the Federal Reserve�s review of its monetary policy strategy, tools, and communication practices At "New England Perspectives on Fed Policymaking: A 'Fed Listens' Conference" hosted by the Federal Reserve Bank of Boston, Boston, Massachusetts.  www.federalreserve.gov/newsevents/speech/clarida20190513a.htm

May 10, 2019 - Midwest Farmland Values Steady in First Quarter - According to the most recent AgLetter, Seventh District farmland values in the first quarter of 2019 were largely the same as a year ago. Values for �good� agricultural land in the first quarter of 2019 were 1 percent higher than in the fourth quarter of 2018. www.chicagofed.org/publications/agletter/index

May 10, 2019 - St. Louis Fed Announces 2019 Investment Connection Series - The Federal Reserve Bank of St. Louis is kicking off the second full year of its Investment Connection program on May 21 in Memphis, Tenn., to be followed by other live events around the Eighth Federal Reserve District in 2019. www.stlouisfed.org/news-releases/2019/05/10/st-louis-fed-announces-2019-investment-connection-series

May 10, 2019 - Credit and Liquidity Programs and the Balance Sheet - Recent balance sheet trends, weekly chart update.  www.federalreserve.gov/monetarypolicy/bst_recenttrends.htm

May 10, 2019 - Supervision and Regulation Report - The Board of Governors of the Federal Reserve System believes that publishing periodic information about banking conditions and the Federal Reserve�s supervisory and regulatory activities�typically in conjunction with testimony before Congress by the Vice Chair for Supervision�will enhance public transparency and heighten accountability. www.federalreserve.gov/publications/files/201905-supervision-and-regulation-report.pdf

May 10, 2019 - Speech by Governor Brainard at the 2019 Federal Reserve System Community Development Research Conference At "Renewing the Promise of the Middle Class" 2019 Federal Reserve System Community Development Research Conference, Washington, D.C. www.federalreserve.gov/newsevents/speech/brainard20190510a.htm

May 9, 2019 - St. Louis Fed Ag Survey: Farm Incomes Continue to Decline - In the first quarter of 2019, farm income declined for the twenty-first consecutive quarter, according to the latest Agricultural Finance Monitor published by the Federal Reserve Bank of St. Louis. www.stlouisfed.org/news-releases/2019/05/09/st-louis-fed-ag-survey-farm-incomes-continue-to-decline 

May 9, 2019 - FDIC Announces Retirement of CFO Steve App and Other Senior Personnel Changes - Mr. App has served as CFO for the past 17 years and has almost 40 years of federal service. www.fdic.gov/news/news/press/2019/pr19039.html

May 9, 2019 - Business Dynamics in the National Establishment Time Series - Leland D. Crane and Ryan A. Decker - Business microdata have proven useful in a number of fields, but the main sources of comprehensive microdata are subject to significant confidentiality restrictions. Leland D. Crane and Ryan A. Decker - Business microdata have proven useful in a number of fields, but the main sources of comprehensive microdata are subject to significant confidentiality restrictions. www.federalreserve.gov/econres/feds/files/2019034pap.pdf

May 9, 2019 - Federal Reserve requests comment on potential modifications to operating hours for the Reserve Banks' National Settlement Service and Fedwire Funds Service - The Board also requested comment on corresponding changes to the Federal Reserve Policy on Payment System Risk related to a new posting time for transactions and an increased daylight overdraft fee. www.federalreserve.gov/newsevents/pressreleases/bcreg20190509b.htm

May 9, 2019 - Federal Reserve approves final rule to repeal regulations that incorporated the Secure and Fair Enforcement for Mortgage Licensing Act - Entities that were subject to the Board's rules are now subject to the Bureau's rules. www.federalreserve.gov/newsevents/pressreleases/bcreg20190509a.htm
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May 9, 2019 - Fed's Evans Discusses the Risks of Attending and Financing College - A speech presented on May 9, 2019, at the Federal Reserve System Community Development Research Conference, Renewing the Promise of the Middle Class, in Washington, DC. www.chicagofed.org/publications/speeches/2019/the-risks-of-attending-and-financing-college

May 9, 2019 - Business Dynamics in the National Establishment Time Series - Leland D. Crane and Ryan A. Decker - Business microdata have proven useful in a number of fields, but the main sources of comprehensive microdata are subject to significant confidentiality restrictions. www.federalreserve.gov/econres/feds/files/2019034pap.pdf

May 9, 2019 - Welcoming remarks by Chair Powell at the 2019 Federal Reserve System Community Development Research Conference "Renewing the Promise of the Middle Class," Washington, D.C. www.federalreserve.gov/newsevents/speech/powell20190509a.htm

May 8, 2019 - OCC Hosts Mutual Savings Association Advisory Committee Meeting on May 23 - The Office of the Comptroller of the Currency today announced it will host a public meeting of the Mutual Savings Association Advisory Committee on Thursday May 23, 2019, beginning at 8:30 a.m. Eastern Daylight Time. www.occ.gov/news-issuances/news-releases/2019/nr-occ-2019-45.html

May 8, 2019 - Monetary Policy, Housing Rents, and Inflation - Daniel Dias and Jo�o B. Duarte - In this paper we study the effect of monetary policy shocks on housing rents. Our main finding is that, in contrast to house prices, housing rents increase in response to contractionary monetary policy shocks. www.federalreserve.gov/econres/ifdp/files/ifdp1248.pdf

May 8, 2019 - Speech by Governor Brainard at "Fed Listens" in Richmond on how monetary policy affects your community At the Federal Reserve Bank of Richmond, Richmond Community Listening Session, Richmond, Virginia.  www.federalreserve.gov/newsevents/speech/brainard20190508a.htm

May 7, 2019 - NCUA Offers Older Americans Valuable Information on Managing, Protecting Money - During Older Americans Month, the National Credit Union Administration is highlighting its online resources to help older adults manage money and protect against fraud and exploitation. www.ncua.gov/newsroom/press-release/2019/ncua-offers-older-americans-valuable-information-managing-protecting-money

May 7, 2019 - Real Estate Settlement Procedures Act: Revised Comptroller's Handbook Booklet and Rescissions - The Office of the Comptroller of the Currency issued today the �Real Estate Settlement Procedures Act� booklet of the Comptroller's Handbook.  www.occ.treas.gov/news-issuances/bulletins/2019/bulletin-2019-22.html

May 7, 2019 - Proposed Revisions to the Consolidated Reports of Condition and Income - The banking agencies, under the auspices of the Federal Financial Institutions Examination Council, are requesting comment on proposed revisions to the Consolidated Reports of Condition and Income that would introduce reporting requirements associated with the agencies' recently proposed Community Bank Leverage Ratio. www.fdic.gov/news/news/financial/2019/fil19025.html

May 7, 2019 - Statistical Release - Consumer Credit - G.19 - Consumer credit increased at a seasonally adjusted annual rate of 4-1/4 percent during the first quarter. Revolving credit increased at an annual rate of 1-1/2 percent, while nonrevolving credit increased 5-1/4 percent. In March, consumer credit increased at an annual rate of 3 percent. www.federalreserve.gov/releases/g19/current/default.htm

May 7, 2019 - Federal Reserve Board announces termination of enforcement action with First American Bancorp.  www.federalreserve.gov/newsevents/pressreleases/enforcement20190507a.htm

May 6, 2019 - Fed's Evans speaks in Rome about Long-Term Economic Trends - A summary of a presentation delivered on May 6, 2019, at the Bank of Italy in Rome, Italy.
Chicago Fed President Charles L. Evans discussed the implications of long-run economic trends for monetary policy frameworks and strategies. www.chicagofed.org/publications/speeches/2019/long-term-economic-trends-and-monetary-policy-frameworks-and-strategies

May 6, 2019 - Proposed Revisions to the Consolidated Reports of Condition and Income for the Proposed Community Bank Leverage Ratio - On April 19, 2019, the Federal Deposit Insurance Corporation, the Federal Reserve Board, and the Office of the Comptroller of the Currency, under the auspices of the Federal Financial Institutions Examination Council, published in the Federal Register for public comment proposed changes to all three versions of the Call Report. www.fdic.gov/news/news/financial/2019/fil19024.html 

May 6, 2019 - Financial Stability Report - This report summarizes the Federal Reserve Board�s framework for assessing the resilience of the U.S. financial system and presents the Board�s current assessment. www.federalreserve.gov/publications/files/financial-stability-report-201905.pdf

May 6, 2019 - Predicting Future Recessions - David S. Miller - This note introduces a general method to derive recession probabilities from forecasts using real-time data in parsimoniously specified logistic regressions. www.federalreserve.gov/econres/notes/feds-notes/predicting-future-recessions-20190506.htm

May 6, 2019 - Senior Loan Officer Opinion Survey on Bank Lending Practices, April 2019 - Survey of up to eighty large domestic banks and twenty-four U.S. branches and agencies of foreign banks. www.federalreserve.gov/data/sloos.htm

May 6, 2019 - Variance Risk Premium Components and International Stock Return Predictability - Juan M. Londono and Nancy R. Xu - In this paper, we document and explain the distinct behaviors of U.S. downside and upside variance risk premiums and their international stock return predictability patterns. www.federalreserve.gov/econres/ifdp/files/ifdp1247.pdf

May 6, 2019 - Notice of a Meeting under Expedited Procedures A closed meeting of the Board of Governors of the Federal Reserve System was held at on May 6, 2019. Matter(s) considered: Discussion of the May 2019 Supervision and Regulation Report.  www.federalreserve.gov/aboutthefed/boardmeetings/20190506closed.htm

May 6, 2019 - A Generalized Approach to Indeterminacy in Linear Rational Expectations Models - Francesco Bianchi and Giovanni Nicol� - We propose a novel approach to deal with the problem of indeterminacy in Linear Rational Expectations models.  www.federalreserve.gov/econres/feds/files/2019033pap.pdf

May 3, 2019 - Fed's Evans on Risk and Credibility in Monetary Policy at the NABE Conference in Stockholm - A speech presented May 3, 2019, at the National Association for Business Economics and Sveriges Riksbank conference, Global Economies at the Crossroads: Growing Together While Growing Apart, in Stockholm, Sweden. www.chicagofed.org/publications/speeches/2019/on-risk-and-credibility-in-monetary-policy

May 3, 2019 - OCC Releases CRA Evaluations for 32 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 April 1, 2019 through April 30, 2019.  www.occ.gov/news-issuances/news-releases/2019/nr-occ-2019-44.html

May 3, 2019 - Federal Reserve Bank of Kansas City announces officer promotions.  www.kansascityfed.org/~/media/files/publicat/newsroom/2019/release_maypromotions_final.pdf

May 3, 2019 - 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 February 2019. www.fdic.gov/news/news/press/2019/pr19038.html

May 3, 2019 - Some International Evidence for Keynesian Economics Without the Phillips Curve - Roger E.A. Farmer and Giovanni Nicol� - Farmer and Nicol� (2018) show that the Farmer Monetary-model outperforms the three-equation New-Keynesian -model in post war U.S. data.  www.federalreserve.gov/econres/feds/files/2019032pap.pdf

May 3, 2019 - FOIA - Chair Powell's calendar, March 2019.  www.federalreserve.gov/foia/chairman-powell-calendar-032019.htm

May 3, 2019 - Understanding Bank and Nonbank Credit Cycles: A Structural Exploration - C. Bora Durdu and Molin Zhong - We explore the structural drivers of bank and nonbank credit cycles using an estimated medium-scale macro model that allows for bank and nonbank financial intermediation. www.federalreserve.gov/econres/feds/files/2019031pap.pdf

May 3, 2019 - When Simplicity Offers a Benefit, Not a Cost: Closed-Form Estimation of the GARCH(1,1) Model that Enhances the Efficiency of Quasi-Maximum Likelihood - Todd Prono - Simple, multi-step estimators are developed for the popular GARCH(1,1) model, where these estimators are either available entirely in closed form or dependent upon a preliminary estimate from, for example, quasi-maximum likelihood. Identification sources to asymmetry in the model's innovations, casting skewness as an instrument in a linear, two-stage least squares estimator. www.federalreserve.gov/econres/feds/files/2019030pap.pdf

May 3, 2019 - Second Home Buyers and the Housing Boom and Bust - Daniel Garcia - Record-high second home buying (homeowners acquiring nonprimary residences) was a central feature of the 2000s boom, but the macroeconomic effects remain an open question partly because reliable geographic data is currently unavailable. www.federalreserve.gov/econres/feds/files/2019029pap.pdf

May 3, 2019 - Credit and Liquidity Programs and the Balance Sheet - Recent balance sheet trends, weekly chart update. www.federalreserve.gov/monetarypolicy/bst_recenttrends.htm

May 3, 2019 - Speech by Vice Chair Clarida on models, markets, and monetary policy At the Hoover Institution Monetary Policy Conference "Strategies for Monetary Policy," Stanford University, Stanford, California.  www.federalreserve.gov/newsevents/speech/clarida20190503a.htm

May 3, 2019 - Federal Reserve Board invites comment on a proposal to apply netting protections to a broader range of financial institutions Banking and Consumer Regulatory Policy - The Federal Reserve Board on Friday requested comment on a proposal to reduce risk and increase efficiency in the financial system by applying netting protections to a broader range of financial institutions. www.federalreserve.gov/newsevents/pressreleases/bcreg20190503a.htm

May 2, 2019 - Advanced Notice of a Meeting under Expedited Procedures - A closed meeting of the Board of Governors of the Federal Reserve System will be held under expedited procedures at 10:00 a.m. on May 6, 2019. Matter(s) considered: Discussion of the May 2019 Supervision and Regulation Repor. t www.federalreserve.gov/aboutthefed/boardmeetings/20190506closed.htm

May 2, 2019 - Federal Reserve Board issues enforcement action with former employee of Centennial Bank. www.federalreserve.gov/newsevents/pressreleases/enforcement20190502a.htm

May 2, 2019 - Federal Reserve System's Community Development Research Conference to focus on challenges faced by the middle class - The Federal Reserve System's Community Development Research Conference, "Renewing the Promise of the Middle Class," will be held May 9-10, 2019, in Washington, D.C. www.federalreserve.gov/newsevents/pressreleases/other20190502a.htm
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May 1, 2019 - OCC Hosts Credit and Compliance Risk Workshops in Kentucky - The Office of the Comptroller of the Currency will host two workshops in Lexington, Kentucky, at the Four Points by Sheraton Lexington, June 4 and 5, for directors of national community banks and federal savings associations supervised by the OCC. www.occ.gov/news-issuances/news-releases/2019/nr-occ-2019-43.html

May 1, 2019 - The Federal Financial Institutions Examination Council�s State Liaison Committee today announced the re-election of Greg Gonzales, Commissioner of the Tennessee Department of Financial Institutions, as its Chairman. www.ffiec.gov/press/pr050119_1.htm

May 1, 2019 - Notice of a Meeting under Expedited Procedures - A closed meeting of the Board of Governors of the Federal Reserve System was held at on April 30, 2019 and continued at 9:00 a.m. on May 1, 2019. Matter(s) considered: Discussion of Monetary Policy Issues. https://www.federalreserve.gov/aboutthefed/boardmeetings/20190430closed.htm

May 1, 2019 - Statistical Release - Foreign Exchange Rates - G.5 - The table below shows the average rates of exchange in APRIL 2019 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

May 1, 2019 - Federal Reserve issues FOMC statement - Information received since the Federal Open Market Committee met in March indicates that the labor market remains strong and that economic activity rose at a solid rate. www.federalreserve.gov/newsevents/pressreleases/monetary20190501a.htm

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