Banking

Upcoming Event: What do Uber and the Federal Reserve have in common? They both hire economists! Did you know that some of your favorite brands also hire economists? But what do economists actually do? Registration required.

The Federal Reserve Bank of Richmond, Office of the Comptroller of the Currency and the Federal Deposit Insurance Corporation are sponsoring a training on the Community Reinvestment Act (CRA) 101 for bankers only. The workshop will cover CRA Basics designed for new and less experienced CRA bank officers.

The Federal Reserve Bank of Richmond has developed the Survey of Community College Outcomes to better define student and institution success and to provide insight into the wide variety of programs offered and students served across the Fifth District. After a successful initial pilot in 2022, The Federal Reserve Bank of Richmond moved into an extended pilot phase in 2023. Join Richmond Fed leaders Laura Ullrich and Jason Kosakow, along with two community college administrators, to learn more about the survey and its goals, and to view results from the extended pilot.

The Office of the Comptroller of the Currency (OCC), the Federal Reserve Bank of Richmond (FRBR) and the Federal Deposit Insurance Corporation (FDIC) are sponsoring a virtual workshop on the Community Reinvestment Act.

Designed for community-based organizations, this workshop will review the regulation and discuss ways through which community organizations can collaborate more effectively with banks. Topics discussed include an overview of the CRA, understanding the impact of bank performance context, the types of bank activities that qualify for CRA consideration and strategies to develop successful partnerships with banks.

Richmond Fed president Tom Barkin and Federal Reserve Board Governor Michelle Bowman will lead a discussion about the lingering impact of the pandemic on the economy and the workforce. The general public is invited to listen in, via livestream, as Barkin, Bowman and several special guests explore the challenges and opportunities that exist as the region served by the Richmond Fed continues the transition to a new normal.