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

The E-mail Banking News
for the week of September 24, 2017

Published by Yennik, Inc. the acknowledged leader in independent IT & cybersecurity audits.
 



September 21, 2017 - OCC Hosts Mutual Savings Association Advisory Committee Meeting on October 17 in Chicago - The Office of the Comptroller of the Currency today announced it will host a public meeting of the Mutual Savings Association Advisory Committee on Tuesday, October 17, 2017, beginning at 3:00 p.m. Central Daylight Time. www.occ.gov/news-issuances/news-releases/2017/nr-occ-2017-109.html

September 21, 2017 - Financial Accounts of the United States - Z.1 - Current Release Release Dates Enhanced Financial Accounts Financial Accounts Guide Technical Q&As Announcements.   www.federalreserve.gov/releases/z1/current/default.htm

September 21, 2017 - Federal Reserve Board announces termination of enforcement action with The First Bank of Baldwin www.federalreserve.gov/newsevents/pressreleases/enforcement20170921a.htm

September 20, 2017 - NCUA Board Re-Schedules September Closed Meeting - The National Credit Union Administration Board has re-scheduled its September closed meeting. www.ncua.gov/newsroom/Pages/news-2017-sept-ncua-board-reschedules-september-closed-meeting.aspx

September 20, 2017 - Prohibition Against Interstate Deposit Production: Annual Host State Loan-to-Deposit Ratios - Annual Host State Loan-to-Deposit Ratios - The Office of the Comptroller of the Currency, the Board of Governors of the Federal Reserve System, and the Federal Deposit Insurance Corporation issued on June 21, 2017, the host state loan-to-deposit ratios used to determine compliance with section 109 of the Riegle–Neal Interstate Banking and Branching Efficiency Act of 1994. www.occ.treas.gov/news-issuances/bulletins/2017/bulletin-2017-37.html 

September 20, 2017 - Notice of a Meeting under Expedited Procedures - A closed meeting of the Board of Governors of the Federal Reserve System was held at 1:00 p.m. on September 19, 2017 and continued at 9:00 a.m. on September 20, 2017. Matter(s) considered: Discussion of Monetary Policy Issues. www.federalreserve.gov/aboutthefed/boardmeetings/20170919closed.htm

September 20, 2017 - Federal Reserve Board and Federal Open Market Committee release economic projections from the September 19-20 FOMC meeting - The attached table and charts released on Wednesday summarize the economic projections and the target federal funds rate projections made by Federal Open Market Committee participants for the September 19-20 meeting. www.federalreserve.gov/newsevents/pressreleases/monetary20170920b.htm

September 20, 2017 - Federal Reserve issues FOMC statement - Information received since the Federal Open Market Committee met in July indicates that the labor market has continued to strengthen and that economic activity has been rising moderately so far this year. www.federalreserve.gov/newsevents/pressreleases/monetary20170920a.htm

September 19, 2017 - NCUA Warning Credit Unions of Hurricane Maria’s Approach - Credit unions in the path of Hurricane Maria, currently a Category 5 storm, are being advised to take precautions as it approaches the Virgin Islands and Puerto Rico, the National Credit Union Administration said today. www.ncua.gov/newsroom/Pages/news-2017-sept-ncua-warning-credit-unions-hurricane-maria-approach.aspx

September 19, 2017 - Joint Notice of Proposed Rulemaking: Securities Transaction Settlement Cycle - The notice of proposed rulemaking, issued jointly by the FDIC and the Office of the Comptroller of the Currency, would shorten the standard settlement cycle for securities purchased or sold by FDIC-supervised institutions, national banks, and federal savings associations from three to two days. www.fdic.gov/news/news/financial/2017/fil17044.html 
 
September 19, 2017 - Federal Reserve Board announces termination of enforcement action with AB&T Financial Corporation.  www.federalreserve.gov/newsevents/pressreleases/enforcement20170919a.htm

September 18, 2017 - NCUA Charters Clean Energy Federal Credit Union - New Credit Union Will Provide Affordable Financial Services to Support Members’ Clean Energy Needs - The National Credit Union Administration has granted a federal charter and Share Insurance Fund coverage to Clean Energy Federal Credit Union in Boulder, Colorado. www.ncua.gov/newsroom/Pages/news-2017-sept-ncua-charters-clean-energy-federal-credit-union.aspx

September 18, 2017 - Meeting the Financial Needs of Customers Affected by Hurricane Irma and its Aftermath - Updating to reflect a major disaster declaration in Georgia. - The FDIC encourages depository institutions to consider all reasonable and prudent steps to assist customers in communities affected by recent storms.  www.fdic.gov/news/news/financial/2017/fil17043.html

September 15, 2017 - OCC Enforcement Actions and Terminations for September 2017 - The Office of the Comptroller of the Currency 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. www.occ.gov/news-issuances/news-releases/2017/nr-occ-2017-108.html

September 15, 2017 - 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 1:00 p.m. on September 19, 2017. Matter(s) considered: Discussion of Monetary Policy Issues. www.federalreserve.gov/aboutthefed/boardmeetings/20170919closed.htm

September 15, 2017 - Credit and Liquidity Programs and the Balance Sheet - Recent balance sheet trends, weekly chart update.  www.federalreserve.gov/monetarypolicy/bst_recenttrends.htm

September 15, 2017 - Statistical Release - Industrial Production and Capacity Utilization - G.17 - Industrial production declined 0.9 percent in August following six consecutive monthly gains. Hurricane Harvey, which hit the Gulf Coast of Texas in late August, is estimated to have reduced the rate of change in total output by roughly 3/4 percentage point. www.federalreserve.gov/releases/g17/Current/ 

September 14, 2017 - When It Comes to Wage Growth, the Measure Matters By Ross Cole , Luojia Hu , Sam Schulhofer-Wohl - Average wages are a closely watched economic indicator. www.chicagofed.org/publications/chicago-fed-letter/2017/387

September 14, 2017 - Federal Reserve Bank of Chicago's Detroit Branch Announces New Board Member - The Federal Reserve Bank of Chicago’s Detroit Branch today announced a new member of its board of directors, effective immediately. www.chicagofed.org/publications/news/2017/new-director-release-detroit-baruah-09-14-17

September 14, 2017 - Credit Union Growth Trends Continue in Second Quarter of 2017 - Federally insured credit unions across the country saw continued improvement in nearly every category during the second quarter of 2017, according to state-level data compiled by the National Credit Union Administration and released today. www.ncua.gov/newsroom/Pages/news-2017-sept-credit-union-growth-trends-continue-second-quarter.aspx

September 14, 2017 - Report to the Congress - Presidential $1 Coin Program - Reports on the Federal Reserve and the United States Mint's collaborative efforts to develop the Presidential $1 Coin Program and improve the distribution and circulation of $1 coins. www.federalreserve.gov/publications/presidential-dollar-coin-program.htm


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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Professional organizations:
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Association of Credit Union Internal Auditors
The Institute of Internal Auditors

 

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