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

The E-mail Banking News
for the week of June16, 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 bankers in Texas, New Mexico, Colorado, and Oklahoma. 

June 13, 2019 - The Detroit Economic Activity Index measures growth in economic activity for the city of Detroit. The index is constructed using a mixed-frequency dynamic factor model of 23 Detroit-specific data series capturing income, employment, residential and commercial real estate activity, electric customer counts, tax revenues, and port activity. www.chicagofed.org/publications/deai/index

June 13, 2019 - OCC Hosts Compliance and Operational Risk Workshops in Boston - The Office of the Comptroller of the Currency will host two workshops in Boston at the OCC Boston Field Office, July 30 and 31, for directors of national community banks and federal savings associations supervised by the OCC. www.occ.gov/news-issuances/news-releases/2019/nr-occ-2019-64.html

June 13, 2019 - Money Museum to offer Hamilton experience for visitors - New display shares history of Alexander Hamilton’s role in central banking.   www.kansascityfed.org/~/media/files/publicat/newsroom/2019/hamiltonrelease_mm.pdf

June 13, 2019 - FDIC Cautions Customers That FDIConnect.com Is Not Affiliated With a Government Agency and Should Not Be Confused With FDICconnect.gov - The FDIC is aware of the website FDIConnect.com, which advertises itself as a consumer-focused provider of FDIC pass-through insurance for bank deposits.  www.fdic.gov/news/news/press/2019/pr19050.html

June 13, 2019 - FDIC’s Consumer Compliance Supervisory Highlights - The Federal Deposit Insurance Corporation today issued the new Consumer Compliance Supervisory Highlights publication. www.fdic.gov/news/news/press/2019/pr19049.html

June 13, 2019 - Statistical Release - Annual Data on Manufacturing Investment and Capital – G.17.  www.federalreserve.gov/releases/g17/other_data.htm

June 13, 2019 - Federal Reserve Board publishes summary of feedback from roundtable discussions on the current state of, and potential revisions to, the Community Reinvestment Act - The Federal Reserve Board on Thursday published, "Perspectives from Main Street: Stakeholder Feedback on Modernizing the Community Reinvestment Act," a summary of feedback received from bankers and community groups during a series of 29 roundtable discussions on the current state of, and potential revisions to, the Community Reinvestment Act. www.federalreserve.gov/newsevents/pressreleases/bcreg20190613a.htm

June 12, 2019 - New NCUA Video Helps Explain the Home Buying Process - The NCUA video, Understanding the Basics of Obtaining a Home Mortgage, guides potential homebuyers through the steps of shopping for the right mortgage loan and what to expect during the home buying process. www.ncua.gov/newsroom/press-release/2019/new-ncua-video-helps-explain-home-buying-process

June 12, 2019 - Statistical Release - Minority-Owned Depository Institutions - Historically, the Federal Reserve Board compiled quarterly data on depository institutions that participate in the Treasury’s Minority Bank Deposit Program. www.federalreserve.gov/releases/mob/

June 12, 2019 - Statistical Release - Large Commercial Banks - The Federal Reserve Board compiles quarterly data on domestically chartered insured commercial banks that have consolidated assets of $300 million or more and releases the data about twelve weeks after the end of each quarter. www.federalreserve.gov/releases/lbr/

June 12, 2019 - Notice of a Meeting under Expedited Procedures - A closed meeting of the Board of Governors of the Federal Reserve System was held at on June 12, 2019. Matter(s) considered: Periodic Supervisory Update. www.federalreserve.gov/aboutthefed/boardmeetings/20190612closed.htm

June 10, 2019 - Midwest Farmland Values Steady in First Quarter - According to the most recent AgLetter, Seventh District farmland values in the first quarter of 2019 were largely the same as a year ago. Values for “good” agricultural land in the first quarter of 2019 were 1 percent higher than in the fourth quarter of 2018. www.chicagofed.org/publications/agletter/index

June 10, 2019 - Regulatory Relief: Guidance to Help Financial Institutions and Facilitate Recovery in Areas of Oklahoma Affected by Severe Winter Storms, Straight-line winds, and Tornadoes.   www.fdic.gov/news/news/financial/2019/fil19030.html

June 10, 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 10:30 a.m. on June 12, 2019. Matter(s) considered: Periodic Supervisory Update. www.federalreserve.gov/aboutthefed/boardmeetings/20190612closed.htm

June 10, 2019 - Federal Reserve Board announces approval of application by Ameris Bancorp.  www.federalreserve.gov/newsevents/pressreleases/orders20190610a.htm

June 7, 2019 - Flooding and Finances: Hurricane Harvey’s Impact on Consumer Credit - By Daniel Hartley , Eleni Packis , Ben Weintraut - This article examines consumers’ borrowing behavior and debt levels in the wake of Hurricane Harvey.  www.chicagofed.org/publications/chicago-fed-letter/2019/415

June 7, 2019 - Statistical Release - Consumer Credit - G.19 - In April, consumer credit increased at a seasonally adjusted annual rate of 5-1/4 percent. Revolving credit increased at an annual rate of 8 percent, while nonrevolving credit increased at an annual rate of 4-1/4 percent. www.federalreserve.gov/releases/g19/current/default.htm

June 7, 2019 - Cyclicality and the Severity of the U.S. Supervisory Stress Test: 2014 to 2018 - Jose Berrospide, Andrew Cohen, Ronel Elul (Federal Reserve Bank of Philadelphia), David Hou, Aytek Malkhozov, Marc Rodriguez, and Robert Sarama1 - In this study, we provide a measure of the severity of the 2014-2018 US supervisory stress tests, and examine how that severity measure has evolved. www.federalreserve.gov/econres/notes/feds-notes/cyclicality-and-the-severity-of-the-us-supervisory-stress-test-2014-to-2018-20190607.htm

June 7, 2019 - FOIA - Chair Powell's calendar, April 2019.  www.federalreserve.gov/foia/chairman-powell-calendar.htm

June 7, 2019 - Credit and Liquidity Programs and the Balance Sheet - Recent balance sheet trends, weekly chart update.  www.federalreserve.gov/monetarypolicy/bst_recenttrends.htm
June 6, 2019 - Statistical Release - Mortgage Debt Outstanding. www.federalreserve.gov/data/mortoutstand/current.htm

June 6, 2019 - Federal Reserve Board announces termination of enforcement action against JPMorgan Chase & Co. from January 2013.   www.federalreserve.gov/newsevents/pressreleases/enforcement20190606b.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.

Independent Pen-test Audits
Our pen-test firewall audit  meets the independent diagnostic test requirements of FDIC, OCC, FRB, and NCUA, which provides compliance with Gramm-Leach Bliley Act 501(b) The audit focuses on 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 examiner@yennik.com, or visit http://www.internetbankingaudits.com/.


You may also receive this newsletter by email.  Go to https://yennik.com/newletter.htm 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 http://www.yennik.com/privacy_statement.htm.

Copyright Yennik, Inc.
Our logo above is registered with the United States Patent and Trademark Office