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.
December 6, 2018 - Detroit Economic Activity Index - 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.
December 6, 2018 - Managing Risk in Global Financial Markets:
CCP Governance, Supervisory Stress Testing, and Default
Management Auctions By Nahiomy Alvarez - The second annual
Symposium on OTC Derivatives was held in Shanghai on June 26,
December 6, 2018 - NCUA Releases Q3 2018 Credit Union System
Performance Data - Data on the financial performance of
federally insured credit unions for the quarter ending Sept. 30,
2018, are now available from the National Credit Union
December 6, 2018 - FDIC Requests Information on the Deposit
Insurance Application Process - The Federal Deposit Insurance
Corporation today announced that it is seeking comments from
interested parties on all aspects of the deposit insurance
application process. The request is part of the FDIC's efforts
to enhance transparency, efficiency, and accountability.
December 6, 2018 - FDIC Re-Issues its Processing Timeframe
Guidelines for Applications, Notices, and Other Requests - The
FDIC is re-publishing its timeframe guidelines for processing
applications, notices, requests, and other filings submitted on
behalf of existing and proposed institutions and other parties.
December 6, 2018 - Review Process for Draft Deposit Insurance
Proposals - The FDIC is establishing a process to allow
prospective organizers the option to request FDIC review of a
draft deposit insurance proposal prior to filing an official
December 6, 2018 - FDIC Issues an Update to its Publication
Entitled Applying for Deposit Insurance – A Handbook for
Organizers of De Novo Institutions, Finalizes its Deposit
Insurance Applications Procedures Manual, and Establishes a
Designated Applications Mailbox - The FDIC issued an update to
its publication entitled Applying for Deposit Insurance – A
Handbook for Organizers of De Novo Institutions, and is issuing
its Deposit Insurance Applications Procedures Manual in final
December 6, 2018 - FDIC Announces Actions to Promote a More
Transparent, Streamlined, and Accountable Deposit Insurance
Application Process - The Federal Deposit Insurance Corporation
is announcing multiple initiatives and resources related to the
deposit insurance application process for organizers of new, or
de novo, banks, and to promote a more transparent, streamlined
and accountable process for all applications submitted to the
December 6, 2018 - 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 11:30 a.m. on December 10, 2018. Matter(s) considered: Review
and determination by the Board of Governors of the advance and
discount rates to be charged by the Federal Reserve Banks.
December 6, 2018 - Statistical Release - Financial Accounts of
the United States - Z.1 - The Financial Accounts of the United
States includes data on transactions and levels of financial
assets and liabilities, by sector and financial instrument; full
balance sheets, including net worth, for households and
nonprofit organizations, nonfinancial corporate businesses, and
nonfinancial noncorporate businesses; Integrated Macroeconomic
Accounts; and additional supplemental detail.
December 5, 2018 - Chicago Fed Survey of Business Conditions -
Survey shows growth picked up in October and early November -
The Chicago Fed Survey of Business Conditions Activity Index
increased to -4 from -11, suggesting that growth in economic
activity remained at a modest pace in October and early
December 5, 2018 - St. Louis Fed Releases Beige Book - The
Federal Reserve Bank of St. Louis released its portion of the
Federal Reserve’s latest Beige Book, published today. The local
report summarizes economic conditions for the Eighth District,
which is based in St. Louis and covers all of Arkansas and parts
of Illinois, Indiana, Kentucky, Mississippi, Missouri and
December 5, 2018 - Informal review by the Federal Reserve Banks
of current economic conditions in their Districts - Most of the
twelve Federal Reserve Districts reported that their economies
expanded at a modest or moderate pace from mid-October through
late November, though both Dallas and Philadelphia noted slower
growth compared with the prior Beige Book period.
December 5, 2018 - Speech by Vice Chairman for Supervision
Quarles on banks as vital infrastructure for rural communities
of the West At the Stanford Institute for Economic Policy
Research, Stanford University, Stanford, California.
December 4, 2018 - The Recent Rise in Health Care Inflation By
Diane Alexander - Health care services inflation was
consistently at or above 3% per year in the early 2000s,
declined from around 3% at the end of the 2000s to under 1% in
2015, and then rebounded to just under 2% in early 2018.
December 4, 2018 - OCC Releases CRA Evaluations for 28 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 November 1, 2018 through November 30, 2018.
December 4, 2018 - FDIC's Advisory Committee on Systemic
Resolution to Meet on December 6, 2018 - FDIC Chairman Jelena
McWilliams, will begin the meeting at 9:00 a.m. with opening
remarks. After the chairman's statement, the committee members
will discuss and receive updates on Title I: Making Bankruptcy
Work; Title II: Orderly Liquidation; and Cross-Border Resolution
December 4, 2018 - FDIC Issues List of Banks Examined for CRA
Compliance - The list covers evaluation ratings that the FDIC
assigned to institutions in September 2018.
December 4, 2018 - Agencies seek public comment on proposal to
raise appraisal exemption threshold for residential real estate
transactions - The three federal banking agencies announced they
are seeking public comment on a proposal to raise the threshold
for residential real estate transactions requiring an appraisal
from $250,000 to $400,000.
December 4, 2018 - Minutes of the Board's discount rate meeting
on November 8, 2018 - In a joint meeting of the Federal Open
Market Committee and the Board today, the FOMC decided to
maintain the target range for the federal funds rate at 2 to
December 3, 2018 - Symposium Participants Expect Economy to Grow
at Pace Somewhat Above Average in 2019 - The 32nd annual
Economic Outlook Symposium, held in Chicago on November 30, drew
participants from the manufacturing, banking, and auto
industries, as well as academia and consulting and service
December 3, 2018 - OCC Report Discusses Key Risks for Federal
Banking System - The Office of the Comptroller of the Currency
today reported credit, operational, compliance, and interest
rate risks are key themes for the federal banking system in its
Semiannual Risk Perspective for Fall 2018.
December 3, 2018 - Federal Reserve Banks remain open on Dec. 5 -
On Wednesday, December 5, 2018, the Federal Reserve Bank payment
and securities settlement systems will operate normally. Reserve
Bank cash offices will fulfill financial institution orders for
currency and coin according to normal operating procedures.
December 3, 2018 - Joint Statement on Innovative Efforts to
Combat Money Laundering and Terrorist Financing - The Board of
Governors of the Federal Reserve System, the Federal Deposit
Insurance Corporation, the Financial Crimes Enforcement Network,
the National Credit Union Administration, and the Office of the
Comptroller of the Currency are issuing the attached joint
statement to encourage banks to consider, evaluate, and, where
appropriate, responsibly implement innovative approaches to meet
their Bank Secrecy Act/anti-money laundering compliance
December 3, 2018 - Cross-Border Bank Flows and Monetary Policy -
Ricardo Correa, Teodora Paligorova, Horacio Sapriza, and Andrei
Zlate - We analyze the impact of monetary policy on bilateral
cross-border bank flows using the BIS Locational Banking
Statistics between 1995 and 2014.
December 3, 2018 - A Promised Value Approach to Optimal Monetary
Policy - Timothy S. Hills, Taisuke Nakata, and Takeki Sunakawa -
This paper characterizes optimal commitment policy in the New
Keynesian model using a novel recursive formulation of the
central bank's infinite horizon optimization problem.
December 3, 2018 - Supervisory Stress Testing For CCPs: A
Macro-Prudential, Two-Tier Approach - Edward L. Anderson,
Fernando Cerezetti, and Mark Manning - Stress testing has become
an increasingly important mechanism to support a variety of
financial stability objectives. Stress tests can be used to test
the individual resilience of a single entity or to assess the
system-wide vulnerabilities of a network.
December 3, 2018 - Statistical Release - Foreign Exchange Rates
- G.5 - The table below shows the average rates of exchange in
NOVEMBER 2018 together with comparable figures for other months.
December 3, 2018 - Speech by Governor Brainard on the structure
of the Treasury market Governor Lael Brainard At "The Evolving
Structure of the U.S. Treasury Market" Fourth Annual Conference
Hosted by the Federal Reserve Bank of New York, New York, New
December 3, 2018 - Federal Reserve Board offices in Washington,
D.C. will be closed on Wednesday, December 5, 2018, in
observance of the national day of mourning for former President
George H.W. Bush.
December 3, 2018 - Federal Reserve Board issues joint statement
encouraging depository institutions to explore innovative
approaches to meet BSA/anti-money laundering compliance
obligations and to further strengthen the financial system
against illicit financial activity.
November 30, 2018 - Midwest Economy Index Points to Slower
Growth in October - The Midwest Economy Index moved down to
+0.23 in October from +0.31 in September. Contributions to the
October MEI from all four broad sectors of nonfarm business
activity and three of the five Seventh Federal Reserve District
states decreased from September.
November 30, 2018 - NCUA Issues Prohibition Notices - The
National Credit Union Administration issued one prohibition
notice and one prohibition order in November. These individuals
are prohibited from participating in the affairs of any
federally insured financial institution.
November 30, 2018 - Office of the Comptroller of the Currency
Fees and Assessments: Calendar Year 2019 Fees and Assessments
Structure - This bulletin informs all national banks, federal
savings associations, and federal branches and agencies of
foreign banks of fees and assessments charged by the Office of
the Comptroller of the Currency for calendar year 2019. The
bulletin becomes effective January 1, 2019.
November 30, 2018 - OCC Reduces Assessments for Regulated Banks
and Savings Associations - The Office of the Comptroller of the
Currency today announced it will reduce assessments on national
banks, federal savings associations, and federal branches and
agencies of foreign banks for 2019.
November 30, 2018 - FDIC Makes Public October Enforcement
Actions - The FDIC issued a total of 16 orders and one notice in
October. The administrative enforcement actions in those orders
consisted of four consent orders; two terminations of consent
orders; two Section 19 orders; one temporary order to cease and
desist; four removal and prohibition orders; three civil money
penalties; and one notice.
November 30, 2018 - FDIC Issues CRA Examination Schedules for
First Quarter 2019 and Second Quarter 2019 - The Federal Deposit
Insurance Corporation today issued the lists of institutions
scheduled for a Community Reinvestment Act examination during
the first quarter of 2019 and second quarter of 2019.
November 30, 2018 - Level Shifts in Beta, Spurious Abnormal
Returns and the TARP Announcement - Andrew Phin, Todd Prono,
Jonathan J. Reeves, and Konark Saxena - Using high frequency
data, we develop an event study method to test for level shifts
in beta and measure abnormal returns for events that produce
such level shifts.
November 30, 2018 - Credit and Liquidity Programs and the
Balance Sheet - Recent balance sheet trends, weekly chart
November 30, 2018 - Statistical Release - Finance Companies -
November 30, 2018 - Federal Reserve Board announces plans to
present Janet L. Yellen Award for Excellence in Community
Development - The award is intended to honor former Chair
Yellen's commitment to ensuring that the perspectives of
consumers and communities informed Federal Reserve research,
policy, and action.
November 29, 2018 - Federal Reserve Board releases results of
survey of senior financial officers at banks regarding their
reserve balance management strategies and practices - The Senior
Financial Officer Survey has been used on occasion by the Board
to obtain information about deposit pricing and behavior, bank
liability management, the provision of financial services, and
reserve management strategies and practices.
November 29, 2018 - Federal Reserve announces College Fed
Challenge winners - Yale University won the 15th annual national
College Fed Challenge on Thursday, a competition that encourages
students to learn about the U.S. economy, monetary policymaking,
and the role of the Federal Reserve System.