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

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Regulatory Press Releases,
Published by Yennik, Inc., the acknowledged leader in independent IT security & cybersecurity audits.

Virtual FFIEC IT Audits for the week of March 17, 2024

Bank regulatory FFIEC IT audits - I perform annual IT audits required by the regulatory agencies for banks and credit unions. I am a former bank examiner over 30 years of IT auditing experience. Please contact R. Kinney Williams at examiner@yennik.com from your bank's email and I will send you information and fees. All correspondence is confidential.
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March 14, 2024 - OCC Assesses $250 Million Civil Money Penalty Against JPMorgan Chase Bank, N.A. Related to Bank’s Trade Surveillance Program. www.occ.gov/news-issuances/news-releases/2024/nr-occ-2024-25.html

March 14, 2024 - Federal Reserve Board issues enforcement action against JPMorgan Chase & Co. and fines the firm approximately $98.2 million for an inadequate program to monitor firm and client trading activities for market misconduct www.federalreserve.gov/newsevents/pressreleases/enforcement20240314a.htm

March 13, 2024 - Agencies take temporary action on appraisal requirements in area affected by Hawaii wildfires. 
Press Release: www.federalreserve.gov/newsevents/pressreleases/other20240313a.htm
Press Release: www.fdic.gov/news/press-releases/2024/pr24015.html  
Press Release: www.occ.gov/news-issuances/news-releases/2024/nr-ia-2024-24.html
Press Release: https://ncua.gov/newsroom/press-release/2024/agencies-take-temporary-action-appraisal-requirements-area-affected-hawaii-wildfires

March 12, 2024 - Credit Union Assets and Delinquencies Grow in the Fourth Quarter - According to the latest financial performance data released today by the National Credit Union Administration, total assets in federally insured credit unions rose by $88 billion, or 4.1 percent, to $2.26 trillion over the year ending in the fourth quarter of 2023. https://ncua.gov/newsroom/press-release/2024/credit-union-assets-and-delinquencies-grow-fourth-quarter

March 12, 2024 - Acting Comptroller Discusses Operational Resiliency - Acting Comptroller of the Currency Michael J. Hsu today discussed the importance of operational resiliency in remarks at the Institute of International Bankers Annual Washington Conference. www.occ.gov/news-issuances/news-releases/2024/nr-occ-2024-23.html

March 12, 2024 - Report and Disclosures on Funding, Credit, Liquidity, and Loan Facilities.  www.federalreserve.gov/publications/reports-to-congress-in-response-to-covid-19.htm

March 11, 2024 - The KCFSI suggests financial stress decreased slightly in February - The Kansas City Financial Stress Index decreased slightly from -0.39 in January to -0.43 in February, remaining below below its historical average. www.kansascityfed.org/data-and-trends/kansas-city-financial-stress-index/current-release/

March 11, 2024 - Regulatory Reform - Communications with the Public through March 11, 2024 - During the Federal Reserve Board’s rulemaking process, meetings will take place between the Board and the public—including, for example, representatives of bank organizations, consumer groups, trade associations, researchers, and academics--that allow the Board to gather information and help educate the public on matters subject to agency rulemaking. www.federalreserve.gov/regreform/communications-with-public.htm

March 8, 2024 - Regulatory Reform - Communications with the public through March 8, 2024 -- During the Federal Reserve Board’s rulemaking process, meetings will take place between the Board and the public—including, for example, representatives of bank organizations, consumer groups, trade associations, researchers, and academics--that allow the Board to gather information and help educate the public on matters subject to agency rulemaking. www.federalreserve.gov/regreform/communications-with-public.htm

March 8, 2024 - Federal Advisory Council, Record of Meeting - February 8, 2024 - The Federal Advisory Council, which is composed of twelve representatives of the banking industry, consults with and advises the Board on all matters within the Board's jurisdiction. www.federalreserve.gov/aboutthefed/fac.htm

March 8, 2024 - Measuring Unemployment Risk - In this note, we introduce a measure of unemployment risk, the likelihood of a worker becoming unemployed within the next twelve months. www.federalreserve.gov/econres/notes/feds-notes/measuring-unemployment-risk-20240308.html

March 8, 2024 - Rising Markups and Declining Business Dynamism: vidence From the Industry Cross Section - In recent decades, various measures of "business dynamism"—such as new business entry rates and gross job or worker flows—have seen significant declines in the U.S. www.federalreserve.gov/econres/notes/feds-notes/rising-markups-and-declining-business-dynamism-evidence-from-the-industry-cross-section-20240308.html

March 8, 2024 - Credit and Liquidity Programs and the Balance Sheet - Recent balance sheet trends, weekly chart update.  www.federalreserve.gov/monetarypolicy/bst_recenttrends.htm

March 8, 2024 - Federal Reserve Board announces final rule that updates risk management requirements for certain systemically important financial market utilities supervised by the Board.   www.federalreserve.gov/newsevents/pressreleases/bcreg20240308a.htm

March 7, 2024 - FDIC-Insured Institutions Reported Full-Year 2023 Net Income of $256.9 Billion and Fourth Quarter 2023 Net Income of $38.4 Billion. www.fdic.gov/news/press-releases/2024/pr24014.html


March 14, 2024 - OCC Assesses $250 Million Civil Money Penalty Against JPMorgan Chase Bank, N.A. Related to Bank’s Trade Surveillance Program. www.occ.gov/news-issuances/news-releases/2024/nr-occ-2024-25.html

March 14, 2024 - Federal Reserve Board issues enforcement action against JPMorgan Chase & Co. and fines the firm approximately $98.2 million for an inadequate program to monitor firm and client trading activities for market misconduct www.federalreserve.gov/newsevents/pressreleases/enforcement20240314a.htm

March 13, 2024 - Agencies take temporary action on appraisal requirements in area affected by Hawaii wildfires. 
Press Release: www.federalreserve.gov/newsevents/pressreleases/other20240313a.htm
Press Release: www.fdic.gov/news/press-releases/2024/pr24015.html  
Press Release: www.occ.gov/news-issuances/news-releases/2024/nr-ia-2024-24.html
Press Release: https://ncua.gov/newsroom/press-release/2024/agencies-take-temporary-action-appraisal-requirements-area-affected-hawaii-wildfires

March 12, 2024 - Credit Union Assets and Delinquencies Grow in the Fourth Quarter - According to the latest financial performance data released today by the National Credit Union Administration, total assets in federally insured credit unions rose by $88 billion, or 4.1 percent, to $2.26 trillion over the year ending in the fourth quarter of 2023. https://ncua.gov/newsroom/press-release/2024/credit-union-assets-and-delinquencies-grow-fourth-quarter

March 12, 2024 - Acting Comptroller Discusses Operational Resiliency - Acting Comptroller of the Currency Michael J. Hsu today discussed the importance of operational resiliency in remarks at the Institute of International Bankers Annual Washington Conference. www.occ.gov/news-issuances/news-releases/2024/nr-occ-2024-23.html

March 12, 2024 - Report and Disclosures on Funding, Credit, Liquidity, and Loan Facilities.  www.federalreserve.gov/publications/reports-to-congress-in-response-to-covid-19.htm

March 11, 2024 - The KCFSI suggests financial stress decreased slightly in February - The Kansas City Financial Stress Index decreased slightly from -0.39 in January to -0.43 in February, remaining below below its historical average. www.kansascityfed.org/data-and-trends/kansas-city-financial-stress-index/current-release/

March 11, 2024 - Regulatory Reform - Communications with the Public through March 11, 2024 - During the Federal Reserve Board’s rulemaking process, meetings will take place between the Board and the public—including, for example, representatives of bank organizations, consumer groups, trade associations, researchers, and academics--that allow the Board to gather information and help educate the public on matters subject to agency rulemaking. www.federalreserve.gov/regreform/communications-with-public.htm

March 8, 2024 - Regulatory Reform - Communications with the public through March 8, 2024 -- During the Federal Reserve Board’s rulemaking process, meetings will take place between the Board and the public—including, for example, representatives of bank organizations, consumer groups, trade associations, researchers, and academics--that allow the Board to gather information and help educate the public on matters subject to agency rulemaking. www.federalreserve.gov/regreform/communications-with-public.htm

March 8, 2024 - Federal Advisory Council, Record of Meeting - February 8, 2024 - The Federal Advisory Council, which is composed of twelve representatives of the banking industry, consults with and advises the Board on all matters within the Board's jurisdiction. www.federalreserve.gov/aboutthefed/fac.htm

March 8, 2024 - Measuring Unemployment Risk - In this note, we introduce a measure of unemployment risk, the likelihood of a worker becoming unemployed within the next twelve months. www.federalreserve.gov/econres/notes/feds-notes/measuring-unemployment-risk-20240308.html

March 8, 2024 - Rising Markups and Declining Business Dynamism: vidence From the Industry Cross Section - In recent decades, various measures of "business dynamism"—such as new business entry rates and gross job or worker flows—have seen significant declines in the U.S. www.federalreserve.gov/econres/notes/feds-notes/rising-markups-and-declining-business-dynamism-evidence-from-the-industry-cross-section-20240308.html

March 8, 2024 - Credit and Liquidity Programs and the Balance Sheet - Recent balance sheet trends, weekly chart update.  www.federalreserve.gov/monetarypolicy/bst_recenttrends.htm

March 8, 2024 - Federal Reserve Board announces final rule that updates risk management requirements for certain systemically important financial market utilities supervised by the Board.   www.federalreserve.gov/newsevents/pressreleases/bcreg20240308a.htm

March 7, 2024 - FDIC-Insured Institutions Reported Full-Year 2023 Net Income of $256.9 Billion and Fourth Quarter 2023 Net Income of $38.4 Billion. www.fdic.gov/news/press-releases/2024/pr24014.html


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