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

The Email Banking News

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 24, 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 21, 2024 - Acting Comptroller Issues Statement on the FDIC’s Proposed Statement of Policy on Bank Merger Transactions. www.occ.gov/news-issuances/news-releases/2024/nr-occ-2024-31.html

March 21, 2024 - Senior Deputy Comptroller Testifies on Engaging with International Forums - In her testimony, Ms. Gardineer discussed the benefits of the OCC’s participation in international forums while maintaining its independence as a federal regulator. www.occ.gov/news-issuances/news-releases/2024/nr-occ-2024-30.html

March 21, 2024 - Proposed Revisions to the Statement of Policy on Bank Merger Transactions - The revised SOP is being published in the Federal Register for public comment. www.fdic.gov/news/financial-institution-letters/2024/fil24011.html

March 21, 2024 - Global Governance Bodies - Testimony by Michael S. Gibson, Director, Division of Supervision and Regulation Before the Committee on Financial Services, U.S. House of Representatives. www.federalreserve.gov/newsevents/testimony/gibson20240321a.htm

March 20, 2024 - Multi-Chamber Economic Outlook Luncheon and Expo - Austan D. Goolsbee, president and chief executive officer of the Federal Reserve Bank of Chicago, will participate in a moderated Q&A at an event hosted by area Chambers of Commerce on April 4, 2024. www.chicagofed.org/publications/speeches/2024/apr-4-multi-chamber-economic-outlook

March 20, 2024 - Social Finance Institute - Austan D. Goolsbee, president and chief executive officer of the Federal Reserve Bank of Chicago, will participate in a panel discussion at event hosted by the Social Finance Institute on April 10, 2024. www.chicagofed.org/publications/speeches/2024/apr-20-social-finance-institute

March 20, 2024 - NCUA Releases Q4 2023 State-level Credit Union Data Report - According to the latest Quarterly U.S. Map Review released today by the National Credit Union Administration, federally insured credit unions experienced growth in loans and the share of credit unions with positive net income increased over the year ending in the fourth quarter of 2023, while delinquencies rose and assets and shares and deposits declined. https://ncua.gov/newsroom/press-release/2024/ncua-releases-q4-2023-state-level-credit-union-data-report

March 20, 2024 - Renita Marcellin Appointed Senior Advisor to Board Member Otsuka - National Credit Union Administration Board Member Tanya F. Otsuka announced today the appointment of Renita Marcellin as her senior advisor. https://ncua.gov/newsroom/press-release/2024/renita-marcellin-appointed-senior-advisor-board-member-otsuka

March 20, 2024 -Registration Open for OCC Project REACh Summit on Financial Inclusion - The Office of the Comptroller of the Currency today announced that registration is open for its Project REACh Financial Inclusion Summit on May 29-30, 2024, at its headquarters in Washington, D.C. www.occ.gov/news-issuances/news-releases/2024/nr-occ-2024-29.html

March 20, 2024 - OCC Announces Enforcement Actions for March 2024 - The Office of the Comptroller of the Currency today released enforcement actions taken against national banks and federal savings associations, and individuals currently and formerly affiliated with banks the OCC supervises. www.occ.gov/news-issuances/news-releases/2024/nr-occ-2024-28.html

March 20, 2024 - Regulatory Relief: Guidance to Help Financial Institutions and Facilitate Recovery in an Area of Alaska Affected by a Severe Storm, Landslides, and Mudslides.  www.fdic.gov/news/financial-institution-letters/2024/fil24010.html

March 20, 2024 - Federal Reserve Board and Federal Open Market Committee release economic projections from the March 19-20 FOMC meeting - The attached tables and charts released on Wednesday summarize the economic projections made by Federal Open Market Committee participants in conjunction with the March 19-20 meeting. www.federalreserve.gov/newsevents/pressreleases/monetary20240320b.htm

March 20, 2024 - Federal Reserve issues FOMC statement - Recent indicators suggest that economic activity has been expanding at a solid pace. www.federalreserve.gov/newsevents/pressreleases/monetary20240320a.htm

March 19, 2024 - OCC Reports Mortgage Performance for Fourth Quarter of 2023 - The Office of the Comptroller of the Currency reported on the performance of first-lien mortgages in the federal banking system during the fourth quarter of 2023. www.occ.gov/news-issuances/news-releases/2024/nr-occ-2024-27.html

March 19, 2024 - Financial Literacy, Risk Tolerance, and Cryptocurrency Ownership in the United States - Consumers who use cryptocurrencies for transactions tend to have lower financial literacy and risk tolerance than crypto investors. www.kansascityfed.org/research/research-working-papers/financial-literacy-risk-tolerance-and-cryptocurrency-ownership-in-the-united-states/ 

March 19, 2024 - Women in Banking Forum - Join other women leaders in the financial services sector for the Federal Reserve Bank of Kansas City’s Women in Banking Forum. www.kansascityfed.org/events/2024-women-in-banking-forum/

March 19, 2024 - FDIC Demands Three Companies Cease Making False or Misleading Representations about Deposit Insurance - The FDIC is demanding that PrizePool, Inc., AmeriStar, LLC, and HighLine Gold, LLC take immediate corrective action to address these false or misleading statements. www.fdic.gov/news/press-releases/2024/pr24016.html

March 18, 2024 - Statement on Transparency and Accountability by the 12 Federal Reserve Banks - The Federal Reserve Banks are committed to transparency and accountability and each Reserve Bank has existing procedures for providing information to the public. www.chicagofed.org/publications/news/2023/statement-on-transparency-and-accountability

March 15, 2024 - Credit and Liquidity Programs and the Balance Sheet - Recent balance sheet trends, weekly chart update.  www.federalreserve.gov/monetarypolicy/bst_recenttrends.htm

March 15, 2024 - Statistical Release - Industrial Production and Capacity Utilization - G.17- Industrial production edged up 0.1 percent in February after declining 0.5 percent in January. www.federalreserve.gov/releases/g17/current/default.htm

March 14, 2024 - OCC to Host Office Hours in San Francisco - Office Hours are one-on-one meetings with OCC’s OFT staff to discuss financial technology, new products or services, partnering with a bank or fintech company, or other matters related to responsible innovation in the federal banking system. www.occ.gov/news-issuances/news-releases/2024/nr-occ-2024-26.html


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