R. Kinney Williams - Yennik, Inc.®
R. Kinney Williams
Yennik, Inc.

The E-mail Banking News
for the week of December 16, 2018

Published by Yennik, Inc. the acknowledged leader in independent IT security audits for financial institutions.
 



FFIEC information technology audits - As a former bank examiner with over 40 years IT audit experience, I will bring an examiner's perspective to the FFIEC information technology audit for bankers in Texas, New Mexico, Colorado, and Oklahoma. 

December 13, 2018 - Banker Teleconference: Regulatory Capital Rule: Capital Simplification for Qualifying Community Banking Organizations - The Federal Deposit Insurance Corporation, the Office of the Comptroller of the Currency, and the Board of Governors of the Federal Reserve System will host an interagency conference call for bankers on December 18, 2018, to discuss the optional community bank leverage ratio framework. www.fdic.gov/news/news/financial/2018/fil18085.html

December 13, 2018 - Federal Reserve Board approves the initiation of an action to prohibit president and CEO and executive vice president of Farmers State Bank from participating in the banking industry.  www.federalreserve.gov/newsevents/pressreleases.htm

December 13, 2018 - NCUA - Board Lowers Share Insurance Fund Normal Operating Level to 1.38 Percent - The National Credit Union Administration Board held its eleventh open meeting of 2018 at the agency’s headquarters today and unanimously approved three items: www.ncua.gov/newsroom/Pages/news-2018-dec-board-lowers-share-insurance-fund-normal-operating-level.aspx

December 12, 2018 - NCUA, State Regulators Launching Alternating Examination Pilot Program Jan. 1 - On Jan. 1, 2019, the National Credit Union Administration and six state credit union regulators will launch an alternating examination pilot program for a select group of federally insured, state-chartered credit unions. www.ncua.gov/newsroom/Pages/news-2018-dec-state-regulators-launching-alternating-examination-pilot-program.aspx

December 12, 2018 - NCUA: Q3 2018 State Credit Union Data Report Now Available - Federally insured credit unions generally saw continued positive trends in the third quarter of 2018, according to the latest NCUA Quarterly U.S. Map Review. www.ncua.gov/analysis/Pages/industry/quarterly-map-review-third-quarter-2018.pdf

December 12, 2018 - OCC Reports Third Quarter 2018 Bank Trading Revenue - The Office of the Comptroller of the Currency reported trading revenue of U.S. commercial banks and federal savings associations of $7.1 billion in the third quarter 2018, which was $0.2 billion, 2.7 percent, more than the previous quarter. www.occ.gov/news-issuances/news-releases/2018/nr-occ-2018-136.html

December 12, 2018 - Banker Teleconference: Regulatory Capital Rule: Capital Simplification for Qualifying Community Banking Organizations - The Federal Deposit Insurance Corporation, the Office of the Comptroller of the Currency, and the Board of Governors of the Federal Reserve System will host an interagency conference call for bankers on December 18, 2018, to discuss the optional community bank leverage ratio framework. www.fdic.gov/news/news/financial/2018/fil18085.html

December 12, 2018 - Notice of a Meeting under Expedited Procedures A closed meeting of the Board of Governors of the Federal Reserve System was held at on December 12, 2018. Matter(s) considered: Supervisory Matter. www.federalreserve.gov/aboutthefed/boardmeetings/20181212closed.htm

December 11, 2018 - Managing Risk in Global Financial Markets: CCP Governance, Supervisory Stress Testing, and Default Management Auctions By Nahiomy Alvarez - The second annual Symposium on OTC Derivatives was held in Shanghai on June 26, 2018. www.chicagofed.org/publications/chicago-fed-letter/2018/408

December 11, 2018 - In Memoriam: Robert Cox - Robert T. Cox passed away on December 7, 2018. He joined the Federal Reserve Bank of Chicago in August 2014 and served most recently as vice president in the financial markets group. www.chicagofed.org/people/c/cox-robert

December 11, 2018 - OCC Reports Slight Improvement in Mortgage Performance - The Office of the Comptroller of the Currency reported a slight improvement in the performance of first-lien mortgages in the federal banking system during the third quarter of 2018. www.occ.gov/news-issuances/news-releases/2018/nr-occ-2018-135.html

December 11, 2018 - Regulatory Reform- Communications with the public through December 11, 2018 - The Federal Reserve Board will be involved in many rulemakings to implement the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010. During the rulemaking process, meetings will take place between the Board and the public--representatives of bank organizations, consumer groups, trade associations, researchers and academics--that allow the Board to gather information and help educate the public on matters subject to agency rulemaking. www.federalreserve.gov/regreform/communications-with-public.htm
 
December 11, 2018 - Notice of a Meeting under Expedited Procedures - A closed meeting of the Board of Governors of the Federal Reserve System was held at on December 11, 2018. Matter(s) considered: Update on Consumer and Community Matters. www.federalreserve.gov/aboutthefed/boardmeetings/20181211closed.htm

December 7, 20189 - St. Louis Fed's Bullard Presents More on Modern Monetary Policy Rules - Federal Reserve Bank of St. Louis President James Bullard gave remarks titled “More on Modern Monetary Policy Rules” to the Indiana Bankers Association on Friday. He further elaborated on some key directions the Fed could take to update monetary policy rules. www.stlouisfed.org/news-releases/2018/12/07/bullard-more-on-modern-monetary-policy-rules

December 7, 2018 - FEDS Notes - Overview of the changes to the FRB/US model (2018) - The FRB/US model was launched almost 25 years ago as a large macroeconomic model of the US economy.  www.federalreserve.gov/econres/notes/feds-notes/overview-of-the-changes-to-the-frb-us-model-2018-20181207.htm

December 7, 2018 - FRB/US model packages - The main FRB/US model package is a self-contained set of equations, data, programs and documentation that enables various types of simulations and provides information about the model's structure. www.federalreserve.gov/econres/us-models-package.htm

December 7, 2018 - Federal Reserve Board announces approval of application by Cadence Bancorporation.  www.federalreserve.gov/newsevents/pressreleases/orders20181207a.htm

December 7, 2018 - Federal Reserve Board announces approval of proposals by Synovus Financial Corp. and Synovus Bank.  www.federalreserve.gov/newsevents/pressreleases/orders20181207b.htm

December 7, 2018 - Speech by Governor Brainard on assessing financial stability over the cycle At the Peterson Institute for International Economics, Washington, D.C. www.federalreserve.gov/newsevents/speech/brainard20181207a.htm

December 7, 2018 - Designated Home Mortgage Disclosure Act Key Data Fields - The Board of Governors of the Federal Reserve System, working in consultation with the Federal Deposit Insurance Corporation and the Office of the Comptroller of the Currency, has developed updated information regarding the Home Mortgage Disclosure Act key data fields. www.federalreserve.gov/supervisionreg/caletters/caltr1809.htm

December 7, 2018 - Credit and Liquidity Programs and the Balance Sheet - Recent balance sheet trends, weekly chart update.  www.federalreserve.gov/monetarypolicy/bst_recenttrends.htm

December 7, 2018 - Government in the Sunshine Meeting Notice - Advanced Notice of a Meeting under Expedited Procedures - It is anticipated that the closed meeting of the Board of Governors of the Federal Reserve System at 1:30 p.m. on Tuesday, December 11, 2018, will be held under expedited procedures, as set forth in section 261b.7 of the Board's Rules Regarding Public Observation of Meetings, at the Board's offices at 20th Street and C Streets, N.W., Washington, D.C. www.federalreserve.gov/aboutthefed/boardmeetings/20181211closed.htm

December 7, 2018 - FOIA - Chairman Powell's calendar, October 2018.  www.federalreserve.gov/foia/chairmanscalendar-102018.htm

December 7, 2018 - The U.S. Syndicated Loan Market: Matching Data - Gregory J. Cohen, Melanie Friedrichs, Kamran Gupta, William Hayes, Seung Jung Lee, W. Blake Marsh, Nathan Mislang, Maya O. Shaton, and Martin Sicilian - Abstract: We introduce a new software package for determining linkages between datasets without common identifiers. www.federalreserve.gov/econres/feds/files/2018085pap.pdf 

December 7, 2018 - Statistical Release - Consumer Credit - G.19 - In October, consumer credit increased at a seasonally adjusted annual rate of 7-3/4 percent. Revolving credit increased at an annual rate of 10-3/4 percent, while nonrevolving credit increased at an annual rate of 6-3/4 percent. www.federalreserve.gov/releases/g19/current/default.htm

December 7, 2018 - Housing Market Indicators May Suggest another Housing Downturn on the Horizon - Recent movements in several housing indicators, including mortgage rates, existing home sales, real house prices and the momentum of residential investment, could suggest another housing downturn may be on the horizon. www.stlouisfed.org/news-releases/2018/12/07/housing-market-indicators-may-suggest-another-housing-downturn-on-the-horizon. www.stlouisfed.org/news-releases/2018/12/07/housing-market-indicators-may-suggest-another-housing-downturn-on-the-horizon 

December 7, 2018 - The Recent Rise in Health Care Inflation By Diane Alexander - Health care services inflation was consistently at or above 3% per year in the early 2000s, declined from around 3% at the end of the 2000s to under 1% in 2015, and then rebounded to just under 2% in early 2018.  www.chicagofed.org/publications/chicago-fed-letter/2018/407


Please don't hesitate to email me (examiner@yennik.com) if you have any questions.  Have a great week,

R. Kinney Williams, President
Certified Financial Examiner
Yennik, Inc.

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