Federal Reserve Bank of Atlanta

Be aware of potentially fake online job postings that claim to be from the Federal Reserve. Always verify and apply to jobs on Federal Reserve System Careers: https://atlfed.org/3WnoOUO

? I recently traveled to Meridian, Mississippi, for my first outreach visit on behalf of the Federal Reserve Bank of Atlanta with president and CEO Raphael Bostic and other members of the Atlanta Fed. For two days, we met with local community and business leaders to learn about the city’s regional economy and toured some of its most impressive museums and campuses.?? ? A special thank you to: Jimmie Smith, mayor of Meridian; Bill Hannah, president and CEO of East Mississippi Business Development Corporation; Bill Bynum, chief executive officer of Hope Credit Union; David R. Buys, Mississippi State University interim head of campus, associate vice provost, and associate professor; Penny Kemp, president of the Mississippi Arts + Entertainment Experience (The MAX); and Barbara Gaston Zeller, Children's Museum of Mississippi-Meridian executive director.? ? I’d also like to extend a gracious thank you to all who assisted in coordinating the visit and accommodating us throughout the trip. Having the chance to venture into the Sixth District and engage with its communities is a privilege.?? ? Trips like this serve as a reminder that by working together, we build an economy that works for everyone.?

The sixth release of Community Banking Connections is available now. This newsletter is a source for information on supervisory guidance, resources, and tools to help community bankers conduct their business in a safe and sound manner. In this issue you'll find information on: ? The Federal Reserve’s supervisory approach to complex bank–fintech partnerships and common risk factors associated with them ? Security practices for cloud environments ? A recap of the Midwest Cyber Workshop To start reading the newsletter, visit https://bit.ly/3V07EwH #FederalReserve #CommunityBanking #Banking #Compliance #Fintech #BankSecurity #CyberWorkshop

Last week, I, along with Federal Reserve Bank of Atlanta first vice president Cheryl Venable and other members of the Atlanta Fed, had the chance to visit Meridian, Mississippi, to learn about its local economy. During our two-day trip, we were privileged to attend a series of roundtable discussions at the Mississippi State University's (MSU) Riley Center to hear insights from the city’s business and community leaders, including Meridian mayor Jimmie Smith and Hope Credit Union CEO Bill Bynum. We also received tours of MSU-Meridian's campus, the Mississippi Arts + Entertainment Experience (The MAX), and the Mississippi Children's Museum-Meridian, courtesy of friends David R. Buys, MSU interim head of campus; Penny Kemp, The MAX president; and Barbara Gaston Zeller, Children's Museum of Mississippi-Meridian executive director. This trip to Meridian marks the second time I've had the opportunity to travel to Mississippi this year to learn about its regional economy, culture, and communities. I'm extremely appreciative of these trips, as each serves as a reminder of the work that has been done and needs to be done, as well as the role the Fed plays in doing that work. I'm very grateful to everyone who assisted in coordinating the trip, including East Mississippi Business Development Corporation president and CEO Bill Hannah. Until next time.

Will the trend of higher labor participation that began in 2014 for Millennial and Gen X men continue to surpass those of previous generations? Read more to see how #wages could impact this trend. https://atlfed.org/3Zn1uJO

On the second day of their trip to Meridian, Mississippi, Federal Reserve Bank of Atlanta president and CEO Raphael Bostic, first vice president Cheryl Venable, and members of the Atlanta Fed team attended a community roundtable with Jimmie Smith, mayor of the City of Meridian. The roundtable, which also featured council members and local guests representing Meridian’s businesses, workforce, and non-profit organizations, focused on assessing community readiness and Mississippi’s overall economy. Members of the Atlanta Fed team also assisted in raising awareness regarding the roles of the Federal Reserve and the National League of Cities Southern Cities Economic Inclusion (SCEI) initiative. Following the roundtable, Bostic and team stopped by the Mississippi Children's Museum - Meridian, where they received a tour from the museum’s executive director Barbara Gaston Zeller. The trip concluded with the group meeting with members of the museum’s leadership and Bill Bynum, CEO of Hope Credit Union, to discuss how credit union financing can play an important role in capital absorption, economic mobility and resilience, and community facility development. Special thanks to all who helped plan the visit, including the City of Meridian, Mississippi State University, MSU Riley Center, Mississippi Arts + Entertainment Experience, Mississippi Children's Museum, Mississippi Children's Museum - Meridian, and Hope Credit Union. Many thanks also to East Mississippi Business Development Corporation president and CEO Bill Hannah and Atlanta Fed team members Patrick Pontius and Adrienne Slack, as well as Rebekah Durham, Monica Evans, MPA, MDiv, Stephen Nowland, and Kimberly Zeh.

As Atlanta Fed employee Supriya H. notes, "Being a caregiver can be exhausting, but it is an honor and privilege to serve someone and create wonderful memories along the way. I'm grateful for the support from my teammates and the Working Families Network." November is National Family Caregivers Month, and we want to recognize the Working Families Network (WFN), a voluntary group of Atlanta Fed employees who discuss and collaborate around a variety of family situations. The employee-led group helps members and others around the Bank learn about and how to navigate all different stages of life—whether it’s starting a career, having a young family, becoming empty-nesters, or taking care of elderly family members—and during #NationalFamilyCaregiversMonth, its members are celebrating all caregivers! Employee resource networks (ERNs) such as the WFN have been an integral part of the Atlanta Fed since 2012. They promote an inclusive work environment and help the Atlanta Fed attract and retain the best talent. ERNs promote the Bank’s values of integrity, excellence, and respect, clearly exemplifying the notion that every employee is an important part of our success.

Michelle Dennard, regional executive at the Atlanta Fed’s Jacksonville Branch, joins the Economy Matters podcast to discuss how she gathers the regional economic intelligence that goes into the formulation of monetary policy. https://atlfed.org/4fFyxOD

"Research by the Atlanta Fed and others has found contracts for deed are disproportionately found in lower-income communities of color and can include undesirable and even predatory elements." In this Partners Update, Atlanta Fed Community and Economic Development senior advisor Sarah Stein and assistant vice president Ann Carpenter discuss new research on the risks of contract for deed home financing and recent moves by the Consumer Financial Protection Bureau to protect buyers from those risks. Explore: https://atlfed.org/4fBpCOv

Atlanta Fed president and CEO Raphael Bostic, first vice president and chief operating officer Cheryl Venable, and other members of the Atlanta Fed traveled to Meridian, Mississippi, on Thursday to learn about the local drivers of and challenges to the region’s economy. The team visited Mississippi State University’s (MSU) Riley Center to attend an economic roundtable with local business leaders before touring the MSU-Meridian campus with David R. Buys, interim head of campus, associate vice provost, and associate professor. Next, they stopped by the school’s Health Sciences labs to hear about health sciences education and workforce development, featuring discussants from Anderson Regional Health System. The group then returned to the Riley Center for a banking roundtable and gained insights from local community bankers. Bostic and team concluded their visit at the Mississippi Arts + Entertainment Experience (The MAX), where they received a tour from museum president Penny Kemp. The group learned about the museum’s arts curriculum and integration initiatives designed to improve education.