Fed Communities

Bringing the Pieces Together: The 2022 Arizona Child Care and Early Learning Landscape Report
2022-10-12 09:00 - 10:30 (America/Phoenix) | Virtual Event
Join stakeholders to discuss the analysis, recommendations, and next steps from the LISC 2022 Arizona Child Care and Early Learning Landscape Report. The session will provide an overview of the report and its recommendations and initiate a discussion on investments in building capacity from the ground up. It will also detail next steps towards potential collective approaches to address cross-cutting systems challenges.

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Presented by

2022 Technology-Enabled Disruption Conference
2022-10-03 09:00 - 2022-10-04 13:00 (America/New_York) | Virtual Event
The Technology-Enabled Disruption conference (TED), now in its fourth year, is designed to provide a better understanding of technology-enabled disruption and explore the phenomenon’s implications for the broader economy—for households and businesses. A consistent focus is on the themes of how technology-enabled disruption matters for US macro performance, worker and consumer impact, and relatedly, inclusion.

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Conference details

The focus for TED 2022 will be on technology-enabled disruption during the pandemic for households and businesses, and the path ahead, along four dimensions.

Supply chainsWe’ve all become aware of the unprecedented challenge to supply chains—previously adapted to a more stable world, and now drastically strained. What adjustments and long-term investments will firms make in the wake of supply chain disruptions so that their business operations become more resilient and reliable?

EducationPreviously contact-intensive educational services were simply disabled initially and later challenged. How has this sector adapted and what major challenges remain for the education industry?

Labor market dynamicsPerhaps most often discussed, the pivot to remote work for many jobs has dramatically shifted the workplace. As we exit the pandemic, what can we expect for the dynamics of the labor market and how has it shifted economic opportunities among various segments?

Digital paymentsThe move to vastly greater numbers of remote transactions during the pandemic accelerated the shift from cash to digital payments, all at a time of great change in what technology allows by way of decentralized, anonymized, platforms; and where central banks worldwide consider offering their own digital currencies. How has the FinTech industry adapted and grown in the wake of the pandemic? What progress was made during the disruption to make digital payments as inclusive as cash? What are the implications of the shift to digital payments for consumer credit?

Have questions? Please contact Hazel Taylor for more conference details or direct media inquiries to Karen Mracek.

Agenda at a glance

October 3, 2022

9:00-9:30 am ET

Welcome and opening remarks

Raphael Bostic, President and CEO, Federal Reserve Bank of Atlanta

Jon Willis, Vice President and Senior Economist, Federal Reserve Bank of Atlanta

9:30 am-10:45 am ET

Session 1: Supply Chain and Business Investment Decisions, Business Leader Perspective

11:00 am-12:15 pm ET

Session 2: Supply Chain and Business Investment Decisions, Research Perspective

12:15-1:30 pm ET

Afternoon Remarks

Tom Barkin, President and CEO, Federal Reserve Bank of Richmond

1:30-2:45 pm ET

Session 3: Labor Market, Business Leader Perspective

3:00-4:15 pm ET

Session 4: Labor Market, Research Perspective

4:30-5:45 pm ET

Session 5: Education

6:30-8:00 pm ET

Keynote

Scott Stern, David Sarnoff Professor of Management, MIT Sloan School of Management

Joshua Gans, Professor of Strategic Management, University of Toronto

October 4, 2022

9:00-10:15 am ET

Session 6: Payment and Credit, Business Leader Perspective

10:30-11:45 am ET

Session 7: Payment and Credit, Research Perspective

11:45 am-1:00 pm ET

Keynote

Presented by

The Role of FinTech in Unsecured Consumer Lending to Low- and Moderate-Income Individuals
2022-09-29 14:30 - 16:40 (America/New_York) | Virtual Event
On Thursday, September 29, the Federal Reserve Bank of New York will host a virtual event on the role of financial technology (FinTech) companies in unsecured consumer lending to low- and moderate-income households. Featuring FinTech lenders, researchers, regulators, and policymakers, the event will explore existing and emerging models of unsecured FinTech consumer lending aimed at low- and moderate-income people, and cover the challenges and opportunities these models present.

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Participants will discuss the applications of FinTech lending to extend credit to both low- and moderate-income people and underserved areas, the challenges and opportunities that alternative data and new forms of FinTech lending present to prospective borrowers, and the changing regulatory landscape.

This virtual event is open to the public and the media. All remarks are on the record and the event will be livestreamed, with a recording to be made available afterwards. For media inquiries, please contact Ellen Simon at Ellen.Simon@ny.frb.org.

Presented by

2022 Community Banking Research Conference
2022-09-28 09:00 - 2022-09-29 12:30 (America/New_York)
The 10th annual Community Banking Research Conference—sponsored by the Federal Reserve System, the Conference of State Bank Supervisors (CSBS) and the Federal Deposit Insurance Corp. (FDIC)—will be hosted as a hybrid event September 28–29, 2022. The conference brings together community bankers, academics, policymakers and bank regulators to discuss the latest research on community banking.

The conference presents an innovative approach to the study of community banks. Academics explore issues raised by the industry in a neutral, empirical manner and present their findings at the conference. Community bankers contribute to an annual national survey prior to the conference and then participate directly in the conference by serving as keynote speakers and panelists, and by providing feedback to the research presented. For more information, please contact conference@communitybanking.org.

For agenda, speaker and panel details as well as research, authors, and key findings, visit the event site.

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Speakers include

Michelle Bowman, Governor, Board of Governors of the Federal Reserve System

James Bullard, President and CEO, Federal Reserve Bank of St. Louis

James Cooper, President and CEO, Conference of State Bank Supervisors – CSBS

Meredith Covington, Senior Manager, Federal Reserve Bank of St Louis

Luanne Cundiff, President and CEO, First State Bank of St. Charles, St. Charles, Missouri

Tom Fite, Chair, CSBS; Director, Indiana Department of Financial Institutions

Mark Flannery, Bank of America Eminent Scholar in Finance Chair, University of Florida Warrington College of Business

James Fuchs, Vice President, Federal Reserve Bank of St Louis

Janet Garufis, President and CEO, Montecito Bank and Trust, Santa Barbara, Calif.

Martin Gruenberg, Acting Chairman, FDIC

Gregory Hayes, President and Chief Operating Officer, Kish Bank, Belleville, Pennsylvania

Amanda Heitz, Tulane University

Ruidi Huang, Southern Methodist University

Erica Jiang, Assistant Professor of Finance and Business Economics , University of Southern California Marshall School of Business

I. Lise Kruse, Commissioner, North Dakota Department of Financial Institutions, Conference of State Bank Supervisors – CSBS

Clayton Legear, President and CEO, Merchants & Marine Bank Pascagoula, Mississippi

Xiang Li, Boston College

Nicole Lorch, President and Chief Operating Officer, First Internet Bank, Fisher, Indiana

Allison Nicoletti, Assistant Professor of Accounting, Wharton School of the University of Pennsylvania

Daniel Rabetti, Tel Aviv University

Joey Samowitz, Manager, Policy Development, Conference of State Bank Supervisors – CSBS

Thomas Siems, Senior Economist and Director of Research, Conference of State Bank Supervisors – CSBS

Brian Sullivan, Office of Communications, FDIC; Host of the FDIC Podcast

Amanda Swoverland, Chief Compliance Officer, Unit, New York, New York

Gregory Weitzner, McGill University

Oktay Urcan, University of Illinois

Presented by

Exploring Baby Bonds as a Tool to Improve Economic Security
2022-09-27 15:00 - 16:30 (America/New_York) | Federal Reserve Bank of New York, 33 Liberty Street, New York, NY, 10045, United States
On Tuesday, September 27, the Federal Reserve Bank of New York, in partnership with the Office of the State Treasurer for Connecticut and the Institute on Race, Power and Political Economy at The New School will host an in-person event on the intersection of baby bonds with health, wealth, housing, and education.

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Baby bonds are an innovative policy tool that provides children with publicly funded investment accounts that can be accessed at age 18 for specific uses, including education, homeownership, small business, and retirement. The funds are intended as a long-term investment designed to narrow the wealth gap and address generational poverty. As of 2022, eight states and Washington, D.C. have passed legislation to introduce baby bonds programs and supportive strategies that improve economic security.

The event will feature Connecticut State Treasurer Shawn T. Wooden and Dr. Darrick Hamilton, founding director of the Institute on Race, Power and Political Economy at The New School, and a conversation on the benefits and challenges of baby bonds programs and effective strategies to link the bonds to other efforts addressing generational poverty.

This in-person event is open to the public and the media. All remarks are on the record and the event will be recorded. The recording will be made available afterwards. For media inquiries, please contact Ellen Simon at Ellen.Simon@ny.frb.org.

Agenda

Reception will follow closing remarks.

3–3:15 pm ET

Welcome

David Erickson, Head of Outreach & Education, Federal Reserve Bank of New York

3:15–3:30 pm ET

Opening Remarks

Shawn T. Wooden, Connecticut State Treasurer

3:30–4:10 pm ET

A National Lens on Baby Bonds

Amara Enyia – President of Transnational Advocacy, Global Black moderator

Darrick Hamilton, Henry Cohen Professor of Economics and Urban Policy and Founding Director of the Institute on Race, Power and Political Economy at The New School

Todd Howland, Chief of Branch, Development, Economics and Social Rights, at Office of the United Nations High Commissioner for Human Rights, United Nations (UN)

Jennifer Ng’andu, Managing Director-Program, Robert Wood Johnson Foundation (RWJF)

Scott Winship, Senior Fellow and Director of Poverty Studies, American Enterprise Institute (AEI)

4:10–4:25 pm ET

Q&A

4:25–4:30 pm ET

Closing remarks

Dyvonne Body, Community Development Specialist, Federal Reserve Bank of New York

Presented by

Location

Idaho Rural Success Summit: Meeting the Moment
2022-09-27 09:00 - 18:00 (America/Denver) | Virtual Event
Twin Falls, Idaho

The Idaho Rural Success Summit: Meeting the Moment is centered around spotlighting successful examples of rural community development through 10 lightning round presentations, as well as fostering networking opportunities and information sharing through a resource fair.

This event is by invitation-only and advanced registration is required. Please contact Leilani Barnett, SF Fed Regional Manager, with any questions.

This event is hosted by the Federal Reserve Bank of San Francisco, Idaho Department of Commerce, Idaho Rural Partnership, and Idaho Hispanic Foundation, in partnership with USDA Rural Development Idaho.

Banking and the Economy: A Forum for Minorities in Banking
2022-09-27 08:00 - 2022-09-28 13:30 (America/New_York) | Federal Reserve Bank of Atlanta, 1000 Peachtree St NE, Atlanta, Georgia, 30309, United States
This forum is designed to enhance the careers and networks of mid- to senior-level leaders who are people of color in the financial services industry. Event sessions will include industry updates, professional development conversations, diversity and inclusion strategies, and networking opportunities. Visit the event registration site for the latest agenda details.

Register

The Federal Reserve requires all employees and visitors to be fully vaccinated to gain entry. Upon your arrival, the officer at the Bank entrance will ask to see your vaccination card (a photo of the card on your mobile device will fulfill this requirement). If you are not fully vaccinated, you will be asked to provide a negative PCR test. Please note that only a PCR or rapid COVID test will be accepted; at-home tests are not accepted.

CPE Credit

Continuing Professional Education credit will be available for this event.

Location

This is planned as a hybrid event. Attendees are welcome to join us in person at the Federal Reserve Bank of Atlanta or via Zoom webinar. Please select your preference during registration.

Deadline to register for in-person: Tuesday, September 20

Deadline to register for virtual: Tuesday, September 27

Presented by

Fed Listens: Transitioning to the Post-pandemic Economy
2022-09-23 14:00 - 16:30 (America/New_York)
The Federal Reserve Board will host a Fed Listens event on September 23, convening representatives from a range of sectors to share their perspectives on how the pandemic has re-shaped the economy and the workforce and what challenges and opportunities exist during the transition to a post-pandemic economy.

Chair Jerome H. Powell will provide opening remarks, and Vice Chair Lael Brainard and Governor Michelle W. Bowman will each moderate conversations with leaders from organizations that include nonprofits, small businesses, manufacturing, supply chain management, the hospitality industry, and the housing and education sectors.

This event is one in a series of discussions as part of the Fed Listens initiative and aims to engage a wide range of stakeholders to hear how the economy is progressing across the United States.

The livestream will be webcast at www.federalreserve.gov and www.youtube.com/federalreserve

Agenda

2 pm ET

Welcome from Chair Powell

2:05–3:10 pm ET

Panel 1: The Evolving Landscape for U.S. Businesses

Governor Michelle W. Bowman moderator

Tom Henning, Cash-Wa Distributors (Kearney, NE)

Cheetie Kumar, Garland Restaurant (Raleigh, NC)

Jess Petitt, Hilton (McLean, VA)

Cara Walton, Harbour Results (Southfield, MI)

3:10–3:25 pm ET

Break

3:25–4:30 pm ET

Panel 2: How families and communities are adapting to changes in the post-pandemic economy

Vice Chair Lael Brainard moderator

Derrick Chubbs, Second Harvest Food Bank (Orlando, FL)

Brenda Hellyer, San Jacinto College (Houston, TX)

Nancy Leamond, AARP (Washington, DC)

Wendy Veliz, Farmworker Housing Development Corporation (Woodburn, OR)

4:30 pm ET

Adjourn

Presented by

Investment Connection - Colorado
2022-09-20 11:30 - 13:45 (America/Denver) | Virtual Event
During Investment Connection, community development proposals that would receive CRA consideration are presented to potential funders. The lending and investment opportunities presented will be exclusively in Colorado. Funding requests range from $25,000 to $2.5 million, and geographic target areas range from single community developments to statewide efforts. Presentations on eight new and existing community and economic development proposals from across Colorado will be shared.

Typical proposals address:

Affordable HousingAsset Building, Financial Access, Capability and EmpowermentBroadband Services / Digital InclusionCommunity Services and FacilitiesDisaster ReliefSmall Business Development / MicrolendingWorkforce Development / Economic Development

Presenters have seven minutes to share information about their organization and proposal, followed by three minutes of questions from funders. This is an great way to learn about new and existing organizations and opportunities in community and economic development.

For additional information and testimonials about Investment Connection, please visit the Kansas City Fed’s Investment Connection page. The program is also featured in the Fed Communities three-part story series, Investment Connection: Getting to ‘We Have a Deal’.

Who should attend

This event is for the funding community including:

financial institutionsfoundationsphilanthropistslocal, state and federal government

To participate, please contact

Ariel CisnerosLead Community Development AdvisorFederal Reserve Bank of Kansas CityDenver Branchariel.cisneros@kc.frb.org

Presented by

Short-Term Credentials in Postsecondary Education: Dynamics, Returns, and Funding
2022-09-15 12:15 - 2022-09-16 13:00 (America/New_York) | Federal Reserve Bank of Philadelphia, 10 Independence Mall, Philadelphia, Pennsylvania, 19106, United States
The number of nondegree credentials, including short-term certificates and noncredit programs, have risen in recent years. Many of these overlap with workforce training programs, a trend that has led to questions about the public and private returns of such credentials, the role of public financing, and the availability of relevant data to study outcomes for those who pursue nondegree credentials. The conference will give researchers, policymakers, and industry experts a chance to explore these topics and more.

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Discussions will include the connection between higher education and the workforce, as well as some factors that have led to the growth of short-term certificates and other nondegree credentials. In addition, our experts will explore enrollment patterns and returns on different types of credentials, including length and field of study, type of provider, and student background. Sources of funding and measures of accountability for these emergent programs will also be under review, as well as the data we have and the data we may still need to answer these questions.

Location

This is a hybrid event. You are able to select whether you will attend in-person or virtually when you register. Guests joining in person will have an opportunity to network beginning with a kickoff luncheon on Thursday, September 15, at 11:30 a.m., as well as a reception on Thursday evening.

Presented by

Creating 21st Century Capital Markets for Better Social Outcomes: Transformative Change in Health Equity Through Debt Financing
2022-09-13 15:00 - 17:30 (America/New_York) | Federal Reserve Bank of New York, 33 Liberty Street, New York, NY, 10045, United States
On Tuesday, September 13, the Federal Reserve Bank of New York will host a hybrid event on how bond financing could create greater health equity by fundamentally transforming investments in preventative public health.

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At the event, experts will discuss:

Proposals for creating debt streams that would be repaid by savings created by better health outcomes. This debt could be used to fund preventative public health efforts—like smoking cessation and diabetes prevention— that decrease spending to treat illnesses.

Ways to engage traditional players in the bond market with these new approaches and achieve the scale necessary to move the needle on population health.

Speakers

Participants from municipal finance, investing, regulation, and bond ratings are expected to join. Featured speakers include

Dr. Dave Chokshi, visiting fellow at the New York Health Foundation and the 43rd Commissioner at the New York City Department of Health and Mental Hygiene

Nathaniel Counts, senior vice president for behavioral health innovation at Mental Health America

Joshua Ogburn, manager of policy for the Nemours Children’s Health System

This hybrid event is open to the public and media. All remarks are on the record and the event will be livestreamed with a recording to be made available afterwards. For media inquiries, please contact Ellen Simon at ellen.simon@ny.frb.org.

Location

This is a hybrid event. You are able to select whether you will attend in-person or virtually when you register. A reception will follow the event for those able to attend in person.

Note: Deadline to register to attend in person is midnight Friday, September 9, 2022.

Presented by

Toward an Inclusive Recovery: How the Rules of the Labor Market Matter for Workers
2022-09-08 14:15 - 16:00 (America/New_York) | Virtual Event
On September 8, join the Federal Reserve Banks of Minneapolis and Philadelphia for a community development research seminar focused on how the labor market can be made more competitive and supportive of low- and moderate-income workers.

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Seminar details

The labor market is a complicated place where workers can have very different experiences depending on the rules, institutions, and employer practices they encounter. The pandemic recession and recovery have highlighted the importance of labor market policies and dynamics, especially as they affect workers’ ability to take new jobs and explore new ways of working.

This seminar will explore how the design of the labor market matters for low- and moderate-income workers in particular. Experts will discuss their research and its implications for how the labor market can be made more competitive and supportive of workers.

Researchers on the first panel of the seminar will focus on how occupational licensing and non-compete contracts affect labor market competition and worker outcomes. Researchers on the second panel will explore how the fundamental structure of labor markets affects workers, with a focus on alternative work arrangements such as independent contracting.

Agenda

2:15-2:20 pm ET

Welcome

Keith Wardrip, Community Development Research Manager, Philadelphia Fed

2:20-2:25 pm ET

Introductory remarks

Neel Kashkari, President, Minneapolis Fed

2:25-3:10 pm ET

Panel 1: Labor market barriers to opportunities for lower-income workers

Morris Kleiner, professor and AFL-CIO Chair in Labor Policy, Humphrey School of Public Affairs

Peter Blair, Assistant Professor of Education, Harvard Graduate School of Education

Evan Starr, Associate Professor, Robert H. Smith School of Business, University of Maryland

Jane Flanagan, Acting Director, Illinois Department of Labor

Ryan Nunn, Assistant Vice President, Community Development and Engagement, Minneapolis Fed moderator

3:10-3:55 pm ET

Panel 2: The promise and peril of alternative work arrangements

Susan Houseman, Vice President and Director of Research, Upjohn Institute for Employment Research

Laura Padin, Director of Work Structures, National Employment Law Project

Emilie Jackson, Assistant Professor of Economics, Michigan State University

Katie Lim, Economist, Community Development and Engagement, Minneapolis Fed moderator

3:55-4:00 pm ET

Closing

Keith Wardrip, Community Development Research Manager, Philadelphia Fed

Presented by

About the Seminar Series

The Federal Reserve Community Development Research Seminar Series is a forum for exploring the intersection of research, policy, and practice in the community development field. The Series expands access to high-quality research that informs stakeholders who are working to support low- and moderate-income communities and communities of color.

Conversations with the Fed: The Complex Economics of Growing Old
2022-08-31 10:00 - 10:45 (America/Chicago) | Virtual Event
Longer lives and unpredictable health make our golden years an economic puzzle, with major implications for policy and our own happiness. Economist Mariacristina De Nardi works to decipher our patterns of saving and spending in old age: Why do many couples keep putting money away long into retirement? Do we enjoy our money less as we age? How does losing a spouse dramatically change our finances? And what are the implications of COVID-19?

De Nardi is the Thomas Sargent Professor of Economics at the University of Minnesota and a consultant to the Opportunity & Inclusive Growth Institute at the Minneapolis Fed. The event will be moderated by Senior Economics Writer Jeff Horwich.

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Presented by

District Dialogues: The Economics of an Aging America
2022-08-09 18:00 - 19:30 (America/New_York) | Federal Reserve Bank of Richmond, 701 E Byrd St, Richmond, Virginia, 23219, United States
Join the Federal Reserve Bank of Richmond for a District Dialogues forum bringing together leading experts to discuss the economics of aging in America. District Dialogues is a free event, but registration is required. To attend in person, please register by August 2.

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Event details

When you attend this session, you’ll learn:

How the changing demographic trends of America impact our overall economyHow and why to prepare now – no matter what stage of life you’re in – for your own agingWhat impact today’s aging population has on our workforceHow policy can impact the decisions people make as they age, what policies might minimize challenges faced by people as we age and how these policies impact younger generations

Whether you’re Gen Z, a Baby Boomer or somewhere in between, we will approach the topic of aging from every stage of life so you will leave understanding how the aging population directly impacts you, from real estate and work life choices to caregiving and financial decisions.

This event is open to people of all ages interested in the economics of an aging America, including members of the public, educators, school administrators, state and local policymakers, workforce development professionals, and community and business leaders.

Once you register, follow the Richmond Fed on social media to join us in our lead-up discussions related to the economics of aging and share your own thoughts using the #DistrictDialogues hashtag.

Agenda

Plan to join us August 9 in person to ask questions of our panelists, network with fellow attendees, and enjoy refreshments beginning at 5 pm. Continue the conversation over dessert and coffee starting at 7:30 pm. Can’t make it to Richmond? The live stream starts at 6 pm.

5:00–6:00 pm ET

Networking and refreshments for in-person attendees

6:00–7:30 pm ET

Panel discussion and live stream for virtual attendees

7:30–8:15 p.m. ET

Conversations, coffee, and dessert for in-person attendees

Presented by

Venue

This hybrid event includes virtual and in-person attendance options. Simply select which option works best for you when you register. Please be aware that you must follow the Richmond Fed’s COVID-19 protocols while on our premises. Details will be provided in advance of the event.

Ask Us Anything: Partnerships with Community Development Financial Institutions (CDFIs)
2022-08-09 14:00 - 15:00 (America/New_York)
Inability to secure capital to improve worker skills or expand training programs can prevent growth in a local economy. Join us for a conversation on how expanded partnerships between CDFIs and workforce training providers can fill a need for financing in the workforce development sector. The panel will discuss their experiences working with workforce developers and key components of their successful relationships.

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Speakers

Tim Cerebe, vice president of financial wellness programs at Freedom First Credit Union

Donna Nuccio, vice president of New Market Tax Credit Investing at New Markets Support Company

Nisha Sutaria, director of programs and impact at the Community Development Bankers Association

Presented by

Interagency Forum on Broadband Access and Financial Institutions in Rural California
2022-08-02 11:30 - 13:00 (America/Los_Angeles) | Virtual Event
High-speed broadband access is a critical requirement for participation in the modern world. So how can banks, community groups, and financial regulators plan for providing communities with funding and technical assistance to implement sufficient, accessible broadband services? Join the San Francisco Fed for a community development forum to learn about opportunities for partnership and funding mechanisms to expand broadband services and advance digital equity in rural California.

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Topics include:

the challenges broadband presents in communities and solutions implemented by California-based groups;examples of financial institutions’ current initiatives supporting broadband access; andways to receive Community Reinvestment Act (CRA) credit through a myriad of lending, investment, and service opportunities.

Presented by

This event is hosted by the Federal Reserve Bank of San Francisco, the FDIC, and the OCC, in collaboration with the California Reinvestment Coalition.

Investment Connection - Kansas & Missouri
2022-08-02 11:00 - 13:15 (America/North_Dakota/Beulah) | Virtual Event
During Investment Connection, community development proposals that would receive CRA consideration are presented to potential funders. The lending and investment opportunities presented will be exclusively in Kansas and Missouri. Funding requests range from $25,000 to $2.5 million, and geographic target areas range from single community developments to statewide efforts. Presentations on eight new and existing community and economic development proposals from across Kansas and Missouri will be shared.

Typical proposals address:

Affordable HousingAsset Building, Financial Access, Capability and EmpowermentBroadband Services / Digital InclusionCommunity Services and FacilitiesDisaster ReliefSmall Business Development / MicrolendingWorkforce Development / Economic Development

Presenters have seven minutes to share information about their organization and proposal, followed by three minutes of questions from funders. This is an great way to learn about new and existing organizations and opportunities in community and economic development.

For additional information and testimonials about Investment Connection, please visit the Kansas City Fed’s Investment Connection page. The program is also featured in the Fed Communities three-part story series, Investment Connection: Getting to ‘We Have a Deal’.

Who should attend

This event is for the funding community including:

financial institutionsfoundationsphilanthropistslocal, state and federal government

To participate, please contact

Jeremy HegleLead Community Development AdvisorFederal Reserve Bank of Kansas Cityjeremy.hegle@kc.frb.org

Presented by

Community Reinvestment Act 101 for Nonprofits Serving Nevada
2022-07-28 10:00 - 11:30 (America/Los_Angeles) | Virtual Event
The Federal Reserve Bank of San Francisco, the Office of the Comptroller of the Currency, and the Federal Deposit Insurance Corporation are sponsoring a Community Reinvestment Act (CRA) workshop for community-based organizations that serve Nevada.

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The session is designed for representatives from nonprofits and community-based organizations who work in the community development field in low- and moderate-income communities. This interactive workshop will cover:

current information and training on the CRA,how the CRA can benefit organizations and the communities they serve, andhow organizations can work constructively with banks to improve their neighborhoods and communities.

Presented by

This event is hosted by the Federal Reserve Bank of San Francisco, the Federal Deposit Insurance Corporation, and the Office of the Comptroller of the Currency, in partnership with the Nevada Bankers Association.

Interagency CRA Training 101 for CRA Officers and Bankers
2022-07-27 10:00 - 15:00 (America/New_York) | Virtual Event
The Federal Reserve Bank of Richmond, Federal Deposit Insurance Corporation (FDIC) and Office of the Comptroller of the Currency (OCC) are sponsoring a virtual CRA Workshop for bankers on July 27, 2022 from 10 am–3 pm ET, with a one-hour break incorporated.

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The workshop is intended for CRA officers who are new to the role or have less than five years of experience. It will provide an overview of the CRA regulation and train participants in exam preparation, identifying community development opportunities, developing a CRA action plan, assessing community needs and determining performance context factors.

The morning session of the webinar will take place from 10 am–12 pm ET. After an hour-long break, the training will resume from 1-3 pm ET.

Interested CRA officers should visit the registration site. For more information, contact Victor Galloway at the FDIC (phone: 704-316-0558) or Erika Bell at the Federal Reserve Bank of Richmond (phone: 704-604-6594).

Presented by

CRA Connections – Smaller Metros and Rural Counties
2022-07-27 10:00 - 11:30 (America/Chicago) | Virtual Event
CRA Connections is an interagency roundtable that connects regulators, financial institutions and community-based organizations to educate on CRA compliance, share best practices, and introduce current CRA-eligible loan and investment opportunities from community organizations that benefit low- and moderate-income, distressed and underserved communities in smaller metros and rural counties across the 11th District.

To participate, please contact:

Thomas GuerrraSenior Outreach AdvisorFederal Reserve Bank of Dallas

Presented by

Central Valley Affordable Housing: Increasing Housing Inventory for Communities of Color
2022-07-21 10:00 - 11:30 (America/Los_Angeles) | Virtual Event
California is in the midst of a severe housing supply crisis, resulting in rapid price increases for homes for sale and for rent throughout the state. Once sought after for its greater affordability, many Central Valley communities have become unaffordable for low- and moderate-income households. About 60% of Fresno County renters are “cost-burdened”—meaning they spend more than 30% of their income on rent—with a disproportionate impact on Fresno’s majority minority population. Since 2017, rent in Fresno has increased faster than anywhere in the country.

This webinar will highlight innovative finance and development strategies, and engage in big ideas to meaningfully grow affordable housing supply in the Central Valley. Participants will also connect with stakeholders throughout the Valley to foster Community Reinvestment Act (CRA) partnerships to expand creative strategies to increase affordable housing development, particularly in majority minority communities.

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Who should attend

Community stakeholders such as CDFIs, housing developers, affordable housing organizations, bankers (CFOs, lending officers, CRA officers, community development managers/directors), and government agencies engaged in the development of affordable housing.

Presented by

This event is hosted by the Federal Reserve Bank of San Francisco, the Federal Deposit Insurance Corporation, and the Office of the Comptroller of the Currency.

Financial Inclusion Roundtable, North Texas
2022-07-19 11:30 - 13:00 (America/Chicago) | Virtual Event
The Federal Reserve Bank of Dallas, in partnership with the United Way of Metropolitan Dallas and the FDIC are hosting a roundtable with financial institutions, nonprofit organizations, and other stakeholder to learn about and discuss:

City of Dallas Financial Empowerment CentersTexas Homeowner Assistance FundUpdate on evictions in North Texas

To register, please contact:

Kseniya BenderskayaDirector, OutreachFederal Reserve Bank of Dallas

Presented by

What's Ahead for the Community Reinvestment Act: A Discussion
2022-07-14 14:00 - 15:00 (America/New_York) | Virtual Event
A virtual session this July will explain the first major changes proposed in more than a quarter century to the Community Reinvestment Act (CRA).

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Event details

Hosted by the Federal Reserve Bank of Cleveland, the session titled What’s Ahead for the Community Reinvestment Act: A Discussion will take place from 2 to 3 pm ET on July 14. We encourage you to submit questions before the event, and we encourage you to tell others you know who have an interest in the landmark law, enacted 45 years ago to encourage banks to help meet the credit needs of their local communities, including low- and moderate-income neighborhoods, in a safe and sound manner.

Federal bank regulatory agencies—the Fed, the Federal Deposit Insurance Corporation, and the Office of the Comptroller of the Currency—jointly issued a proposal on May 5 to strengthen and modernize regulations implementing the CRA to better achieve the purposes of the law.

Building on feedback from stakeholders and research, the agencies invite public comment on their joint proposal, which has the following key aims.

Expand access to credit, investment, and basic banking services in low- and moderate-income communities. Under the proposal, the agencies would evaluate bank performance across the varied activities they conduct and communities in which they operate so that CRA is a strong and effective tool to address inequities in access to credit. The proposal would promote community engagement and financial inclusion. It would also emphasize smaller-value loans and investments that can have high impact and be more responsive to the needs of LMI communities.

Adapt to changes in the banking industry, including internet and mobile banking. The proposal would update CRA assessment areas to include activities associated with online and mobile banking, branchless banking, and hybrid models.

Provide greater clarity, consistency, and transparency. The proposal would adopt a metrics-based approach to CRA evaluations of retail lending and community development financing, which includes public benchmarks, for greater clarity and consistency. It also would clarify eligible CRA activities, such as affordable housing, that are focused on LMI, underserved, and rural communities.

Tailor CRA evaluations and data collection to bank size and type. The proposal recognizes differences in bank size and business models. It provides that smaller banks would continue to be evaluated under the existing CRA regulatory framework with the option to be evaluated under aspects of the new proposed framework.

Maintain a unified approach. The proposal reflects a unified approach from the bank regulatory agencies and incorporates extensive feedback from stakeholders.

For more information, visit the Federal Reserve Board’s CRA Proposed Rulemaking website.

Comments on the proposal will be accepted through August 5, 2022 , via this website. (The July 14 virtual session will welcome Q&A but is not a channel through which we will formally collect input.)

Registration for the webinar is now available.

Presented by

Voices of CDFIs, MDIs, and LICUs: A Listening Session on CRA Proposed Rulemaking
2022-07-14 10:00 - 11:15 (America/Chicago) | Virtual Event
Cara Ewing/Minneapolis Fed

The Federal Reserve Bank of Minneapolis invites you to a July 14, 2022, virtual discussion and listening session on how Community Reinvestment Act (CRA) proposed rulemaking could more effectively address the investment and credit needs of community development financial institutions (CDFIs), minority depository institutions (MDIs), and low-income credit unions (LICUs).

Your feedback on the modernization process will help us ensure that regulatory changes lead to a more effective CRA. We encourage you to voice your comments and questions about the modernization proposal during this important conversation. You are also welcome to provide written comments about the proposal at any time before August 5, 2022.

Register

Speakers

Michou Kokodoko, Project Director, Community Development and Engagement, Minneapolis Fed

Michael Grover, Assistant Vice President, Community Development and Engagement, Minneapolis Fed

Molly Majerle, Supervisory Examiner, Minneapolis Fed

Agenda

10:00 am | Welcome

10:05 am | A primer on the CRA Molly Majerle, Federal Reserve Bank of Minneapolis

10:20 am | Highlights of CDFI-, MDI-, and LICU-related provisions in the CRA Notice of Proposed RulemakingMichou Kokodoko, Federal Reserve Bank of Minneapolis

10:35 am | Audience discussion of key issues relating to CDFIs, MDIs, and LICUs

Facilitated by Michou Kokodoko and Michael Grover, Federal Reserve Bank of Minneapolis

From the Notice of Proposed Rulemaking:

Should the agencies [the Federal Reserve, OCC, and FDIC] also include in the MDI definition insured credit unions considered to be MDIs by the National Credit Union Administration? Should the agencies consider activities undertaken by an MDI or WDI [women’s depository institution] to promote its own sustainability and profitability? If so, should additional eligibility criteria be considered to ensure investments will more directly benefit low- and moderate-income and other underserved communities? Should the proposed factor focused on activities supporting MDIs, WDIs, LICUs, and Treasury Department-certified CDFIs exclude placements of short-term deposits, and should any other activities be excluded? Should the criterion specifically emphasize equity investments, long-term debt financing, donations, and services, and should other activities be emphasized? Should the agencies provide more specific guidance regarding what credit products and programs may be considered especially responsive, or is it preferable to provide general criteria so as not to discourage a bank from pursuing impactful and responsive activities that may deviate from the specific examples?

11:15 a.m. | Adjourn

Your feedback on the modernization process will help us ensure that regulatory changes lead to a more effective CRA. We encourage you to voice your comments and questions about the modernization proposal during this important conversation. You are also welcome to provide written comments about the proposal at any time before August 5, 2022.

Presented by

An Overview of the CRA Notice of Proposed Rulemaking
2022-07-14 09:00 - 10:00 (America/Los_Angeles) | Virtual Event
The Community Reinvestment Act (CRA) seeks to address inequities in access to credit for low- and moderate-income communities as well as underserved rural communities. On May 5, the Federal Reserve Board, the Office of the Comptroller of the Currency, and the Federal Deposit Insurance Corporation jointly released a Notice of Proposed Rulemaking to update and modernize the regulation and better achieve the core purpose of the CRA in meeting the needs of low- and moderate-income Americans.

Join the San Francisco Fed on Thursday, July 14, for an overview of the proposal and its objectives.

Register

Topics will include:

Assessment areasQualified activitiesEvaluation framework RatingsData collection and reporting

The session will also cover how you can share your feedback on the proposal through August 5, 2022.

Presented by

Exploring the Racial Wealth Gap: The Contributions of Redlining and Blockbusting
2022-07-12 14:00 - 15:30 (America/New_York) | Virtual Event
Join the Chicago Fed Economic Mobility Project’s virtual event, Exploring the Racial Wealth Gap: The Contributions of Redlining and Blockbusting, on Tuesday, July 12, 2022, from 1:00 pm to 2:30 pm CT (2:00 pm to 3:30 pm ET), when we will explore the disparate impacts of redlining and blockbusting on the current state of racial wealth inequality.

Register

Event details

Black people in the United States have, on average, lower earnings, higher unemployment rates, lower rates of homeownership, and less access to traditional banking services—all factors that contribute to economic disparities between their households and White households. Racially discriminatory housing practices, including redlining and blockbusting, contributed to unequal homeownership rates between Black and White Americans in the twentieth century, with the effects still being felt today. Considering the importance of homeownership in building wealth, we will illustrate how these practices have contributed to the racial wealth gap.

The event will include the following:

Overview of the Racial Wealth Gap and Contributing FactorsKristen Broady, senior economist, economic advisor and Director of the Economic Mobility Project, Chicago Fed

The Effects of Redlining Maps on the Long-Run Trajectories of NeighborhoodsDaniel Aaronson, Senior Vice President and Associate Director of Research, Chicago Fed

Blockbusting and the Challenges Faced by Black Families in Building Wealth Through Housing in the Postwar United StatesDaniel Hartley, Senior Economist, Chicago Fed

Panel Discussion: Factors Contributing to the Racial Wealth GapModerator: Natalie Y. Moore, JournalistAndre M. Perry, Senior Fellow at Brookings Metro and scholar-in-residence at American University.

Presented by

State and Local Programs to Advance Homeownership Opportunity to Narrow Racial Disparities
2022-07-12 12:00 - 13:30 (America/New_York) | Virtual Event
For many Americans, owning a home is an effective tool for building household wealth. Yet households of color have faced historical and systemic barriers to homeownership that persist widely today, calling for more innovative and deliberate strategies for addressing the racial homeownership gap.

Join us for part two of the series Advancing Homeownership Opportunity to Narrow Racial Disparities. In this webinar, we will feature two panels discussing efforts to preserve and expand current homebuyers’ programs while forging new homeownership opportunities for households of color. Panelists will share details on programs from lenders and state and local governments, including the Mortgage Bankers Association’s Convergence program, Boston’s first-generation homeownership program, New Jersey’s homeowner assistance programs, the Philly First Home program, a home repair loan program in Ohio, and a special purpose credit program initiated by a major bank.

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Agenda

Panel 1: State and Local Programs to Narrow the Racial Homeownership Gap

Wendy Penn, Associate Vice President, Mortgage Bankers Association

Cerita Battles, Managing Director, Head of Community and Affordable Lending, Chase

Symone Crawford, Executive Director, Massachusetts Affordable Housing Alliance

Ryan Ambrose, Director, Neighborhood Preservation Initiative, Philadelphia Housing Development Corporation

Janneke Ratcliffe, Vice President, Housing Finance Policy Center, Urban Institute moderator

Panel 2: State and Local Programs to Preserve Existing Homeownership

Melanie R. Walter, Executive Director, New Jersey Housing and Mortgage Finance Agency

Stephanie Moulton, Professor, Ohio State University

Adam H. Langley, Associate Director, Lincoln Institute of Land Policy (invited)

Lei Ding, Senior Community Development Economic Advisor, Philadelphia Fed moderator

Watch part one of this webinar series on demand. The event featured two virtual panels discussing current federal efforts to advance racial equity in homeownership and ways to leverage these new and emerging programs.

Presented by

This series is cohosted by the Federal Reserve Bank of Philadelphia, the Urban Institute, and the Penn Institute for Urban Research.

Business Leaders in Advancing Skills in TX: Dual Credit / PTECH Learning Opportunities
2022-07-12 11:00 - 12:30 (America/Chicago) | Virtual Event
This six-part virtual webinar series focuses on elevating and strengthening the voice of the business community to champion the workforce mission of the state’s technical and community colleges. BLAST (Business Leaders in Advancing Skills in TX) is a partnership of local chambers, the Texas Association of Businesses, and the Dallas Fed. Session #4 on July 12th will focus on the integration of high school and community colleges, highlighting dual credit and PTECH opportunities.

Register

Understanding the Community Reinvestment Act Modernization Proposal
2022-07-12 10:00 - 11:15 (America/New_York) | Virtual Event
On July 12, the Federal Reserve Bank of New York will host a virtual event to educate the public on an interagency proposal to modernize regulations implementing the Community Reinvestment Act (CRA). The CRA is a landmark law that requires the Federal Reserve Board and other federal banking regulators to encourage financial institutions to help meet the credit needs of the communities where they do business, including low- and moderate-income neighborhoods. The last significant interagency update to CRA regulations was in 1995.

Register

Event details

At this event, hosted in partnership with the Federal Deposit Insurance Corporation (FDIC) and the Office of the Comptroller of the Currency (OCC), representatives from the New York Fed and the Federal Reserve Board will provide an overview of the proposal and answer pre-submitted questions about the proposed updates to CRA regulations.

The Federal Reserve Board, the FDIC, and the OCC issued a joint proposal on May 5, 2022 that would, among other things, expand access to credit, investment, and basic banking services in low- and moderate-income communities, adapt to changes in the banking industry, and provide greater clarity, consistency, and transparency. The agencies are currently requesting public comment on their joint proposal.

For more information on the proposal or to submit a comment, please visit the Federal Reserve Board’s webpage on the proposed rulemaking. The deadline for submitting comments is August 5, 2022.

Presented by

FedTalk: Building Black Communities: Investment and Opportunity
2022-07-07 15:00 - 16:00 (America/New_York) | Virtual Event
The July FedTalk by the Cleveland Fed will bring together industry experts to explore the current state of investment in Black communities. Join us for a discussion of the status of infrastructure and services, as well as the implications for the health and welfare of residents. The panel will also address the role of private industry in filling unmet needs, the role public policy has played historically, and what role it can play in the future to alleviate the disparities that are holding back progress in Black communities.

Register

Speakers

Randal Dawson, Executive Vice President, CBRE

Darcy Freedman, PhD, MPH, Case Western Reserve University School of Medicine

Stephen J.K. Walters, PhD, Chief Economist, Maryland Public Policy Institute

Lara Loewenstein, Research Economist, Federal Reserve Bank of Cleveland moderator

Presented by
