At a "National Native Coalition listening session," Federal Reserve Board Vice Chair Lael Brainard described potential benefits of proposed revisions to the Community Reinvestment Act.

Michael S. Barr was sworn into office as Vice Chair for Supervision for the Board of Governors of the Federal Reserve System.

The Federal Reserve Board proposed rules to implement the Adjustable Interest Rate Act. The proposed rules would establish benchmark replacements for contracts that reference certain tenors of U.S. dollar LIBOR.

Federal Reserve Board staff reviewed communication on climate change by central bankers, finding that (i) the volume has increased sharply, (ii) the breadth of topics addressed is wide and (iii) the communications tend to use "speculative language."

In testimony before the House Committee on Financial Services, Federal Reserve Board Vice Chair Lael Brainard considered the potential use and creation of a central bank digital currency.