February 14, 2020 - Ericson State Bank in
Ericson, Nebraska, was closed today by the Nebraska Department of
Banking and Finance, which appointed the Federal Deposit Insurance
Corporation (FDIC) as receiver. To protect depositors, the FDIC
entered into a purchase and assumption agreement with Farmers and
Merchants Bank in Milford, Nebraska, to assume all of the deposits
of Ericson State Bank.
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 your bank in
Texas, New Mexico, Colorado, and Oklahoma.
Please drop Kinney Williams an email at
firstname.lastname@example.org from your domain and I will email you information and
February 13, 2020 - AgLetter - A quarterly newsletter on
agricultural land values and credit conditions, based on data from the Bank's
survey. - According to the most recent AgLetter, Seventh District farmland
values in the fourth quarter of 2019 were largely the same as a year ago.
February 13, 2020 - Home Mortgage Disclosure Act: FFIEC Issues 2020 Version of A
Guide to HMDA Reporting: Getting It Right! - The Federal Financial Institutions
Examination Council has issued the 2020 edition of A Guide to HMDA Reporting
Getting It Right! for Home Mortgage Disclosure Act-related data collected in
2020 and reported in 2021.
February 13, 2020 - Currency and Bank Budgets - 2020 Federal Reserve Bank
February 13, 2020 - Primer on the Forward-Looking Analysis of Risk Events Model:
A Top-Down Stress Test Model Matthew P. Seay and Cindy M. Vojtech - FLARE
estimates banking system capital under varying macroeconomic scenarios, time
horizons, and other systemic shocks.
February 13, 2020 - Federal Reserve Board announces termination of enforcement
actions with Discover Financial Services, JPMorgan Chase & Co., Deutsche Bank
AG, and The Royal Bank of Scotland PLC and RBS Securities, Inc.
February 12, 2020 - Forward-Looking Monetary Policy and the Transmission of
Conventional Monetary Policy Shocks - Chunya Bu, John Rogers, and Wenbin Wu -
Standard structural VAR models and estimation using Romer and Romer (2004)
monetary policy shocks show that, in samples after the 1980s, a contractionary
conventional monetary policy shock generates smaller and sometimes
perversely-signed impulse responses compared to earlier samples.
February 12, 2020 - Inflation at Risk - David López-Salido and Francesca Loria -
We investigate how macroeconomic drivers affect the predictive inflation
distribution as well as the probability that inflation will run above or below
certain thresholds over the near term.
February 11, 2020 - St. Louis Fed's Bullard Presents "Can the FOMC Achieve a
Soft Landing in 2020?" - In a presentation Tuesday to the CFA Society St. Louis,
Federal Reserve Bank of St. Louis President James Bullard discussed whether the
Federal Open Market Committee can achieve a soft landing for the U.S. economy in
February 11, 2020 - Testimony by Chair Jerome H. Powell - Semiannual Monetary
Policy Report to the Congress Before the Committee on Financial Services, U.S.
House of Representatives, Washington, D.C.
February 11, 2020 - Speech by Vice Chair for Supervision Quarles on spontaneity
and order: transparency, accountability, and fairness in bank supervision At the
Yale Law School, New Haven, Connecticut.
February 10, 2020 - FDIC Issues Procedures for Deposit Insurance Applications
from Applicants that are Not Traditional Community Banks - The FDIC has released
a supplement to its Deposit Insurance Application Procedures Manual that
addresses deposit insurance applications involving unique or complex proposals.
February 10, 2020 - Notice of a Meeting under Expedited Procedures - A closed
meeting of the Board of Governors of the Federal Reserve System was held at
11:00 a.m. on February 10, 2020.
February 10, 2020 - Speech by Governor Bowman on empowering community banks At
the Conference for Community Bankers sponsored by The American Bankers
Association, Orlando, Florida.
February 7, 2020 - Statistical Release - Consumer Credit - G.19 - In 2019,
consumer credit increased 4-3/4 percent, with revolving and nonrevolving credit
increasing 4-1/4 percent and 4-3/4 percent, respectively.
February 7, 2020 - FOIA - Chair Powell's calendar, December 2019.
February 7, 2020 - Credit and Liquidity Programs and the Balance Sheet - Recent
balance sheet trends, weekly chart update.
February 7, 2020 - Reports to Congress - Monetary Policy Report, February 2020 -
The Federal Reserve Act requires the Federal Reserve Board to submit written
reports to Congress containing discussions of "the conduct of monetary policy
and economic developments and prospects for the future."
February 6, 2020 - OCC Releases Dodd-Frank Act Stress Test Scenarios for 2020 -
The Office of the Comptroller of the Currency released economic and financial
market scenarios for use in the upcoming stress tests for covered institutions.
February 6, 2020 - Statistical Release - Structure and Share Data for U.S.
Banking Offices of Foreign Entities - Data are collected as of the end of the
month for March, June, September and December, and generally are released three
Please don't hesitate to email me (email@example.com)
if you have any questions.
Have a great week,
R. Kinney Williams,
Certified Financial Examiner
Our pen-test firewall audit
meets the independent diagnostic test
requirements of FDIC, OCC, FRB, and NCUA, which provides
Gramm-Leach Bliley Act 501(b).
a hacker's perspective, which will help
your IT staff identify real-world weaknesses. For more information, please
call R. Kinney Williams at Office/Cell 806-535-8300, send an email to
firstname.lastname@example.org, or visit
You may also receive this newsletter by email. Go to
for more information. The various category comments may be excerpts from
regulatory press releases, which can be found at the respective regulatory web
site. Our privacy
statement can be found at
Our logo above
is registered with the United States Patent and Trademark Office