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.
February 15, 2019 - OCC Enforcement Actions and Terminations for
February 2019 - The Office of the Comptroller of the Currency
(OCC) today released new enforcement actions taken against
national banks, federal savings associations, and individuals
currently and formerly affiliated with national banks and
federal savings associations.
February 14, 2019 - GAO found (1) the financial statements of
the Deposit Insurance Fund (DIF) and of the Federal Savings and
Loan Insurance Corporation (FSLIC) Resolution Fund (FRF) as of
and for the years ended December 31, 2018, and 2017, are
presented fairly, in all material respects, in accordance with
U.S. generally accepted accounting principles;
February 14, 2019 - NCUA - Supervisory Committee Audit Rule
Changes Proposed - The National Credit Union Administration
Board held its second open meeting of 2019 at the agency’s
headquarters today and unanimously approved one item:
February 14, 2019 - Advanced Notice of a Meeting under Expedited
Procedures - A closed meeting of the Board of Governors of the
Federal Reserve System will be held under expedited procedures
at 2:00 p.m. on February 19, 2019. Matter(s) considered:
Proposed Semiannual Monetary Policy Report and Statement to the
February 13, 2019 - Amendments to the Stress Testing Rules for
National Banks and Federal Savings Associations: Notice of
Proposed Rulemaking - The Office of the Comptroller of the
Currency published a notice of proposed rulemaking in the
Federal Register on February 13, 2019, that would amend the
OCC’s stress testing rule at 12 CFR 46.
February 13, 2019 - Issuance of Final Rule on Loans in Areas
Having Special Flood Hazards—Private Flood Insurance - The
Biggert-Waters Flood Insurance Reform Act of 2012 amended
Federal flood insurance legislation to require the FDIC, the
Office of the Comptroller of the Currency, the Board of
Governors of the Federal Reserve System, the National Credit
Union Administration, and the Farm Credit Administration to
issue a final rule that directs insured depository institutions
to accept private flood insurance as defined by the
February 13, 2019 - Stress Testing Household Debt - Neil Bhutta,
Jesse Bricker, Lisa J. Dettling, Jimmy Kelliher, and Steven M.
Laufer - We estimate a county-level model of household
delinquency and use it to conduct "stress tests" of household
February 13, 2019 - Monetary Policy Strategies for a Low-Rate
Environment - Ben S. Bernanke, Michael T. Kiley, and John M.
Roberts - In low-rate environments, policy strategies that
involve holding rates “lower for longer” may mitigate the
effects of the effective lower bound.
February 13, 2019 - Federal Reserve Board begins 2019 Survey of
Consumer Finances - The Federal Reserve Board in March will
begin its Survey of Consumer Finances, a statistical study of
household finances that will provide policymakers with important
insight into the economic condition of a broad cross section of
February 12, 2019 - OCC Hosts Compliance and Operational Risk
Workshops in Milwaukee - The Office of the Comptroller of the
Currency will host two workshops in Milwaukee, Wisconsin, at the
Hilton Garden Inn Milwaukee Downtown, March 26 and 27, for
directors of national community banks and federal savings
associations supervised by the OCC.
February 12, 2019 - Emerging Trends in the U.S. and Colorado
Economies - By Alison Felix Economist and Branch Executive
Federal Reserve Bank of Kansas City Denver Branch.
February 12, 2019 - FDIC Extends Comment Period Related to its
Request for Information on the Deposit Insurance Application
Process - The Federal Deposit Insurance Corporation has extended
the comment period related to the Request for Information on the
Deposit Insurance Application Process until March 31. The RFI is
part of the FDIC's ongoing efforts to enhance transparency,
efficiency, and accountability.
February 12, 2019 - Gender Diversity on Bank Board of Directors
and Performance - Ann L. Owen and Judit Temesvary.
February 12, 2019 - Speech by Chairman Powell on encouraging
economic development in high-poverty rural communities At “Rural
Places, Rural Spaces: Closing Financial Services Gaps in
Persistent Poverty America,” a policy forum sponsored by Hope
Enterprise Corporation, Mississippi Valley State University,
Itta Bena, Mississippi
February 12, 2019 - Interagency final rule implements flood
insurance reform provisions - Five federal regulatory agencies
issued a joint final rule to implement provisions of the
Biggert-Waters Flood Insurance Reform Act of 2012 requiring
regulated institutions to accept certain private flood insurance
policies in addition to National Flood Insurance Program
February 11, 2019 - Comptroller of the Currency Supports CFPB
Proposed Rule on Short-Term Small-Dollar Lending - Comptroller
of the Currency Joseph Otting today issued the following
statement supporting Director Kathy Kraninger and the Consumer
Financial Protection Bureau’s proposed rule rescinding
requirements that lenders make certain underwriting
determinations before issuing short-term small-dollar loans.
February 11, 2019 - Emerging Trends in the U.S. and Colorado
Economies By Alison Felix Economist and Branch Executive Federal
Reserve Bank of Kansas City Denver Branch.
February 11, 2019 - A Conversation on Community Banking by
Governor Michelle W. Bowman At the Conference for Community
Bankers, sponsored by the American Bankers Association, San
February 10, 2019 - Speech by Vice Chairman for Supervision
Randal K. Quarles - Ideas of Order: Charting a Course for the
Financial Stability Board At Bank for International Settlements
Special Governors Meeting, Hong Kong.
February 8, 2019 - NCUA Review Finds No Bank Secrecy Act Data
Breach - Upon learning of the recent spear phishing campaign
targeting Bank Secrecy Act officers at credit unions, the NCUA
conducted a comprehensive review of its security logs and
February 8, 2019 - Technology’s Impact on Farming and the Rural
Midwest - By David Oppedahl - On November 27, 2018, the Federal
Reserve Bank of Chicago held a conference to explore the
opportunities and challenges presented by new technologies to
farms and rural areas in the Midwest and other parts of the U.S.
Experts from academia, industry, and policy institutions
gathered to discuss how technological advances have reshaped the
rural economy and how they may affect its future.
February 8, 2019 - Community Bank Leverage Ratio: Notice of
Proposed Rulemaking - The Office of the Comptroller of the
Currency, the Board of Governors of the Federal Reserve System,
and the Federal Deposit Insurance Corporation are issuing a
notice of proposed rulemaking that would provide a simplified
measure of capital adequacy for qualifying community banking
organizations consistent with section 201 of the Economic
Growth, Regulatory Relief, and Consumer Protection Act.
February 8, 2019 - Credit and Liquidity Programs and the Balance
Sheet - Recent balance sheet trends, weekly chart update.
February 7, 2019 - Federal Reserve Bank of St. Louis President
James Bullard discussed “Three Themes for Monetary Policy in
2019” at St. Cloud State University’s 57th Winter Institute on
February 7, 2019 - Statistical Release - Consumer Credit - G.19
- In 2018, consumer credit increased 5 percent, with revolving
and nonrevolving credit increasing 2-3/4 percent and 5-1/2
percent, respectively. Consumer credit increased at a seasonally
adjusted annual rate of 6-1/2 percent in the fourth quarter and
at a rate of 5 percent in December.
February 7, 2019 - Robust Inference in First-Price Auctions:
Experimental Findings as Identifying Restrictions - Serafin J.
Grundl and Yu Zhu - In laboratory experiments bidding in
first-price auctions is more aggressive than predicted by the
risk-neutral Bayesian Nash Equilibrium - a finding known as the
February 7, 2019 - Banks as Regulated Traders - Antonio Falato,
Diana Iercosan, and Filip Zikes - This paper uses detailed
high-frequency regulatory data to evaluate whether trading
increases or decreases systemic risk in the U.S. banking sector.