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

The E-mail Banking News
for the week of August 18, 2019

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 financial institutions in Texas, New Mexico, Colorado, and Oklahoma. 

August 15, 2019 - OCC Enforcement Actions and Terminations - 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/2019/nr-occ-2019-92.html

August 15, 2019 - Bank Accounting Advisory Series Updated - The Office of the Comptroller of the Currency today released an update to the Bank Accounting Advisory Series. www.occ.gov/news-issuances/news-releases/2019/nr-occ-2019-91.html

August 15, 2019 - Statistical Release - Industrial Production and Capacity Utilization - G.17.  www.federalreserve.gov/releases/g17/default.htm

August 15, 2019 - Federal Reserve to offer seven-day term deposits on August 22 - The Federal Reserve plans to continue its previously announced periodic testing of the Term Deposit Facility with one operation in August.  www.federalreserve.gov/newsevents/pressreleases/monetary20190815a.htm

August 14, 2019 - What is Driving the Return Spread Between Safe and Risky Assets? By Emmanuel Farhi , François Gourio - Real interest rates on U.S. government bonds have declined persistently since the 1980s.  www.chicagofed.org/publications/chicago-fed-letter/2019/416

August 14, 2019 - NCUA’s Hood: Federal-State Chartering and Supervision System Working Well - NCUA and NASCUS Chairmen Sign New Document of Cooperation - The National Credit Union Administration and state regulators are working well together to modernize the dual chartering and supervision system and reduce regulatory burdens for credit unions, NCUA Chairman Rodney E. Hood said today. www.ncua.gov/newsroom/press-release/2019/ncuas-hood-federal-state-chartering-and-supervision-system-working-well

August 14, 2019 - NCUA Chairman Rodney E. Hood Remarks before the NASCUS State System Summit.  www.ncua.gov/newsroom/speech/2019/ncua-chairman-rodney-e-hood-remarks-nascus-state-system-summit

August 14, 2019 - Comptroller of the Currency Visits Baltimore Affordable Housing Event - Comptroller of the Currency Joseph Otting and senior staff visited an event promoting affordable and sustainable homeownership in Baltimore on Monday. www.occ.gov/news-issuances/news-releases/2019/nr-occ-2019-90.html

August 14, 2019 - Andy Cates Joins St. Louis Fed’s Real Estate Industry Council - Andy Cates has been named to the Real Estate Industry Council of the Federal Reserve Bank of St. Louis. Cates is the CEO of Colliers International-Memphis. www.stlouisfed.org/news-releases/2019/08/14/andy-cates-joins-st-louis-fed-real-estate-industry-council

August 14, 2019 - International Trade in Services: Stylized Facts about Exporters in the Service Sector - Maria D. Tito - Service trade accounts for about 30 percent of U.S. exports and has grown about 5 percent per year over the past decade. www.federalreserve.gov/econres/notes/feds-notes/international-trade-in-services-stylized-facts-about-exporters-in-the-service-sector-20190814.htm

August 13, 2019 - U.S. and Oklahoma Economic Update Guymon Economic Forum.  www.kansascityfed.org/~/media/files/publicat/speeches/2019/2019-wilkerson-guymon-08-19.pdf

August 13, 2019 - U.S. and Kansas Economic Outlook By Chad Wilkerson Vice President and Oklahoma City Branch Executive.   www.kansascityfed.org/~/media/files/publicat/speeches/2019/2019-wilkerson-dodgecity-08-19.pdf

August 13, 2019 - U.S. and Oklahoma Economic Outlook By Chad Wilkerson Vice President and Oklahoma City Branch Executive.   https://www.kansascityfed.org/~/media/files/publicat/speeches/2019/2019-wilkerson-okc-08-19.pdf

August 13, 2019 - Statistical Release - Structure and Share Data for U.S. Banking Offices of Foreign Entities - There are two reports showing the same structure and asset information for each U.S. office, but in different orders. www.federalreserve.gov/releases/iba/default.htm 

August 12, 2019 - Payment Systems - Automated Clearinghouse Services, quarterly data updates.  www.federalreserve.gov/paymentsystems/fedach_data.htm

August 12, 2019 - OCC to Host Innovation Office Hours in Washington, D.C. - The Office of the Comptroller of the Currency today announced it will hold Innovation Office Hours, October 8-10, in Washington, D.C., to promote responsible innovation in the federal banking system. www.occ.gov/news-issuances/news-releases/2019/nr-occ-2019-89.html

August 9, 2019 - NCUA Chairman: Credit Unions Can Lead During “a Time of Seismic Change” - Hood Speaks to AACUC on Inclusion, Innovation, and Modern Regulation.   www.ncua.gov/newsroom/press-release/2019/ncua-chairman-credit-unions-can-lead-during-time-seismic-change

August 9, 2019 - NCUA Chairman Rodney E. Hood Remarks - African-American Credit Union Coalition 21st Annual Conference.  www.ncua.gov/newsroom/speech/2019/ncua-chairman-rodney-e-hood-remarks-african-american-credit-union-coalition-21st-annual-conference

August 9, 2019 - Prohibition Against Interstate Deposit: 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 May 28, 2019, the host state loan-to-deposit ratios. www.occ.treas.gov/news-issuances/bulletins/2019/bulletin-2019-41.html

August 9, 2019 - Comptroller of the Currency Tours Atlanta Areas Where the Community Reinvestment Act Has Benefitted the Community and Where More Can Be Done - Comptroller of the Currency Joseph Otting, today visited Atlanta to tour neighborhoods that have benefitted from activities encouraged by the Community Reinvestment Act and areas that could benefit from additional CRA activity. www.occ.gov/news-issuances/news-releases/2019/nr-occ-2019-88.html

August 9, 2019 - Liquidity Transformation Risks in U.S. Bank Loan and High-Yield Mutual Funds - Kenechukwu Anadu and Fang Cai - Net assets in open-end mutual funds have increased notably over the past decades. www.federalreserve.gov/econres/notes/feds-notes/liquidity-transformation-risks-in-US-bank-loan-and-high-yield-mutual-funds-20190809.htm

August 9, 2019 - Credit and Liquidity Programs and the Balance Sheet - Recent balance sheet trends, weekly chart update.  www.federalreserve.gov/monetarypolicy/bst_recenttrends.htm

August 9, 2019 - Monetary Policy and Bank Equity Values in a Time of Low and Negative Interest Rates - Miguel Ampudia and Skander J. Van den Heuvel - Does banks' exposure to interest rate risk change when interest rates are very low or even negative?  www.federalreserve.gov/econres/feds/files/2019064pap.pdf

August 9, 2019 - Exporters of Services: A Look at U.S. Exporters outside of the Manufacturing Sector - Maria D. Tito - Using transaction data for the U.S., this paper presents a series of stylized facts on exporters in services industries. We find that most of the basic facts on manufacturing exporters extend to the services sectors with three important differences. www.federalreserve.gov/econres/feds/files/2019063pap.pdf

August 9, 2019 - Parental Proximity and Earnings After Job Displacements - Patrick Coate, Pawel Krolikowski, and Mike Zabek - The earnings of young adults who live in the same neighborhoods as their parents completely recover after a job displacement, unlike the earnings of young adults who live farther away, which permanently decline. www.federalreserve.gov/econres/feds/files/2019062pap.pdf

August 8, 2019 - NCUA Launches New Digital Tool to Help with the Chartering Process - The National Credit Union Administration is encouraging groups seeking to organize credit unions to take advantage of the agency’s new digital tool to help them with the charter application process. www.ncua.gov/newsroom/press-release/2019/ncua-launches-new-digital-tool-help-chartering-process

August 8, 2019 - OCC Releases CRA Evaluations for 42 National Banks and Federal Savings Associations - The Office of the Comptroller of the Currency today released a list of Community Reinvestment Act performance evaluations that became public during the period of July 1, 2019 through July 31, 2019. www.occ.gov/news-issuances/news-releases/2019/nr-occ-2019-87.html

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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