Federal Reserve RTO

[Anonymous]

Anonymous wrote:

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Anonymous wrote:What scandals at the RBs?

Master accounts, Chinese national employees taking data, refusal to provide Congress with documents requested, involvement with state level politics.

Last summer, both the WSJ and the WP ran articles on how China created a network of Fed employees to undermine the System.

The RTO policy is certainly helping!

To be clear, this was entirely at Reserve Banks, where security clearances are not nearly as robust as the federal clearances Board employees are subject to.

Not exactly true.

https://www.justice.gov/usao-md/pr/former-employee-federal-reserve-board-pleads-guilty-theft-government-property

This incident was unconnected to the Chinese network.

There wasn't a Chinese network.

[Anonymous]

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Anonymous wrote:Why is it the banking agency employees always complain the most on this forum?

Ha! They're into money (greedy)!They are best compensated federal employees with the best benefits. They'll say it's because their private employment opportunities are better, thus the agencies must compete. However, the reality is that most people who work for these agencies, particularly the lifers, have no desire to live in NYC or work the hours of private bankers. Yet, the argument is persuasive to outsiders.

You’re clueless. They would likely be attorneys. Not bankers. There is likely not a single board employee qualified to become even a corporate banker.

Fine. Let’s talk attorneys. There are very few attorneys at the Fed who want to be in private practice. Most of them fled private practice for the agency. This job board is replete with threads about private practice attorneys who want an agency job. The only Fed attorneys who might consider a private role are in Board Legal. However, the division-based attorneys are typically moms dialing it in.

Division-based attorneys? Attorneys are only in Board Legal and DCCA. S&R attorneys moved to Legal years ago.

Interesting. Are DCCA attorneys largely moms dialing it in?

What does a DCCA attorney do? I thought the Fed’s consumer work, including the regulatory stuff, was transferred to the CFPB.

Consumer supervisory work was only transferred for the large banks. Community banks stayed with the prudential regulators.

DCCA attorneys do consumer supervisory work for community banks?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Why is it the banking agency employees always complain the most on this forum?

Ha! They're into money (greedy)!They are best compensated federal employees with the best benefits. They'll say it's because their private employment opportunities are better, thus the agencies must compete. However, the reality is that most people who work for these agencies, particularly the lifers, have no desire to live in NYC or work the hours of private bankers. Yet, the argument is persuasive to outsiders.

You’re clueless. They would likely be attorneys. Not bankers. There is likely not a single board employee qualified to become even a corporate banker.

Fine. Let’s talk attorneys. There are very few attorneys at the Fed who want to be in private practice. Most of them fled private practice for the agency. This job board is replete with threads about private practice attorneys who want an agency job. The only Fed attorneys who might consider a private role are in Board Legal. However, the division-based attorneys are typically moms dialing it in.

Division-based attorneys? Attorneys are only in Board Legal and DCCA. S&R attorneys moved to Legal years ago.

Interesting. Are DCCA attorneys largely moms dialing it in?

What does a DCCA attorney do? I thought the Fed’s consumer work, including the regulatory stuff, was transferred to the CFPB.

Consumer supervisory work was only transferred for the large banks. Community banks stayed with the prudential regulators.

DCCA attorneys do consumer supervisory work for community banks?

Probably some enforcement stuff. Most the reg writing is done at the CFPB.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Why is it the banking agency employees always complain the most on this forum?

Ha! They're into money (greedy)!They are best compensated federal employees with the best benefits. They'll say it's because their private employment opportunities are better, thus the agencies must compete. However, the reality is that most people who work for these agencies, particularly the lifers, have no desire to live in NYC or work the hours of private bankers. Yet, the argument is persuasive to outsiders.

You’re clueless. They would likely be attorneys. Not bankers. There is likely not a single board employee qualified to become even a corporate banker.

Fine. Let’s talk attorneys. There are very few attorneys at the Fed who want to be in private practice. Most of them fled private practice for the agency. This job board is replete with threads about private practice attorneys who want an agency job. The only Fed attorneys who might consider a private role are in Board Legal. However, the division-based attorneys are typically moms dialing it in.

Division-based attorneys? Attorneys are only in Board Legal and DCCA. S&R attorneys moved to Legal years ago.

Interesting. Are DCCA attorneys largely moms dialing it in?

What does a DCCA attorney do? I thought the Fed’s consumer work, including the regulatory stuff, was transferred to the CFPB.

Consumer supervisory work was only transferred for the large banks. Community banks stayed with the prudential regulators.

DCCA attorneys do consumer supervisory work for community banks?

Some do UDAP, some do Fair Housing, and some do consumer/CRA related policy work.

[Anonymous]

I thought this thread was gone, and then it came back.

[Anonymous]

Well, I guess the Fed mandate isn’t that unusual. Disney wants staff back in the office 4 DOW starting in March, and Amazon announced staff must report to the office at least 3 DOW starting in May. Come on Feders, you’ve got this!

[Anonymous]

This RTO is a CYA for purchasing instead of leasing humongous buildings that are now mostly empty. The egregious manner of heavy handed requirements for contractor's hours and onsite presence is laughable - most contractors who are utterly dispensable are still required to come in and sit around for no reason ?? I agree with the earlier posts about insufferably incompetent and vile malevolent employees who bask in their job security despite barely being able to spell FRB.
I was amazed at the reckless vanity-hires whose lives were wasted time in obsolete technology imposed on regressive ideas by frat-buddies for employees. Hence they have little value outside this system and will comply to the RTO even after whining like a bunch of ninies for a while.