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

The Community Banker
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The E-mail Banking News
(Bank Regulatory News)

April 2018

Yennik, Inc. has clients in 43 states that rely on our cybersecurity audits to ensure proper Internet security settings and to meet the independent diagnostic test requirements of FDIC, OCC, FRB, and NCUA, which provides compliance with Gramm-Leach Bliley Act 501(b) s well as the penetration study complies with the FFIEC Cybersecurity Assessment Tool regarding resilience testing The cybersecurity penetration audit and Internet security testing is an affordable-sophisticated process than goes far beyond the simple scanning of ports.  The audit focuses on a hacker's perspective, which will help you identify real-world cybersecurity weaknesses.  For more information, give R. Kinney Williams a call today at 806-798-7119 or visit http://www.internetbankingaudits.com/.

April 19, 2018 - OCC Enforcement Actions and Terminations for April 2018 - The Office of the Comptroller of the Currency today released new enforcement actions taken against national banks, federal savings associations, and individuals currently and formerly affiliated with national banks and federal savings associations. www.occ.gov/news-issuances/news-releases/2018/nr-occ-2018-40.html

April 19, 2018 - NCUA - Board Member Metsger Releases Prepared Remarks on the Final Capital Planning and Stress Testing Rule - In April 2014, the NCUA Board approved an initial capital planning and stress testing rule for the nation’s largest credit unions. I supported that rule, and I support this revised rule today because it builds on what we have learned over the past four years. www.ncua.gov/newsroom/Pages/speech-2018-april-metsger-remarks-final-capital-planning-stress-testing-rule.aspx

April 19, 2018 - NCUA - Stress-Testing Rule Reduces Burdens, Allows Credit Unions to Conduct Tests - Advertising Rule Gives Credit Unions New Options on Advertising - The National Credit Union Administration Board held its fourth open meeting of 2018 at the agency’s headquarters today and unanimously approved two items: www.ncua.gov/newsroom/Pages/news-2018-april-stress-testing-rule-reduces-burdens-allows-credit-unions-conduct-tests.aspx

April 19, 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 12:00 p.m. on April 23, 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. www.federalreserve.gov/aboutthefed/boardmeetings/20180423closed.htm

April 19, 2018 - Revised Interagency Examination Procedures for Regulation X and Regulation Z - The Task Force on Consumer Compliance of the Federal Financial Institutions Examination Council recently developed the attached interagency examination procedures for Regulation X – Real Estate Settlement Procedures Act and Regulation Z – Truth in Lending. www.federalreserve.gov/supervisionreg/caletters/caltr1803.htm

April 19, 2018 - Measuring Monetary Policy Spillovers between U.S. and German Bond Yields - Stephanie E. Curcuru, Michiel De Pooter, and George Eckerd - In this paper we estimate the magnitude of spillovers between bond markets in the U.S. and Germany following monetary policy communications by the FOMC and the ECB. www.federalreserve.gov/econres/ifdp/files/ifdp1226.pdf

April 19, 2018 - Speech by Governor Brainard on safeguarding financial resilience through the cycle - Governor Lael Brainard.  www.federalreserve.gov/newsevents/speech/brainard20180419a.htm

April 18, 2018 - Money Smart Week 2018 is taking place April 21-28. Our partners are hosting hundreds of free events across the country on topics ranging from teaching your kids about money, to saving for retirement. www.moneysmartweek.org/events

April 18, 2018 - Chicago Fed Survey of Business Conditions - Survey shows growth slowed some in late February and March - The Chicago Fed Survey of Business Conditions Activity Index moved down to +6 from +20, suggesting that growth in economic activity remained at a moderate pace in late February and March. www.chicagofed.org/~/media/publications/cfsbc/2018/cfsbc-april2018-pdf.pdf

April 18, 2018 - Legal Interpretations - Bank Holding Company Act, April 5, 2018.  www.federalreserve.gov/supervisionreg/legalinterpretations/bhc_changeincontrol2018.htm

April 18, 2018 - Beige Book - Informal review by the Federal Reserve Banks of current economic conditions in their Districts. www.federalreserve.gov/monetarypolicy/beigebook201804.htm

April 18, 2018 - Notice of a Meeting under Expedited Procedures - A closed meeting of the Board of Governors of the Federal Reserve System was held at on April 18, 2018. Matter(s) considered: Periodic Briefing and Discussion on Financial Markets, Institutions, and Infrastructure. www.federalreserve.gov/aboutthefed/boardmeetings/20180418closed.htm

April 17, 2018 - The opening of a new Innovation Center is one of many Federal Reserve Bank of Chicago accomplishments featured in the 2017 annual report. www.chicagofed.org/publications/annual-report/2017-annual-report

April 17, 2018 - Overheating and Monetary Policy: How Does Low Inflation Affect the Policy Narrative? A speech delivered on April 17, 2018, before the Chicago Rotary Club Luncheon in Chicago. www.chicagofed.org/publications/speeches/2018/04-17-2018-overheating-and-monetary-policy-how-does-low-inflation-affect-the-policy-narrative

April 17, 2018 - Report on Disaster-Affected Small Firms Provides Critical Insight for Understanding Regional Economic Recovery The Federal Reserve Banks of San Francisco, New York, Dallas, and Richmond today issued the 2017 Small Business Credit Survey: Report on Disaster-Affected Firms www.frbsf.org/our-district/press/news-releases/2018/small-business-credit-survey-report-on-disaster-small-firms/

April 17, 2018 - Electronic Fingerprinting for Background Checks Related to Applications - The FDIC is moving to electronic fingerprinting to facilitate background checks performed in connection with applications and notices submitted to the FDIC, including: applications for federal deposit insurance, notices of acquisition of control, requests for participation in the banking industry by individuals with certain criminal convictions, and notices to replace board members or senior management in certain institutions. www.fdic.gov/news/news/financial/2018/fil18021.html

April 17, 2018 - Testimony by Vice Chairman for Supervision Randal K. Quarles - Semiannual Supervision and Regulation Testimony Before the Committee on Financial Services, U.S. House of Representatives, Washington, D.C. www.federalreserve.gov/newsevents/testimony/quarles20180417a.htm

April 17, 2018 - The Regulatory and Monetary Policy Nexus in the Repo Market - Sriya Anbil and Zeynep Senyuz - We examine the interaction of regulatory reforms and changes in monetary policy in the U.S. repo market. www.federalreserve.gov/econres/feds/files/2018027pap.pdf

April 17, 2018 - Statistical Release - Industrial Production and Capacity Utilization - G.17 - Industrial production rose 0.5 percent in March after increasing 1.0 percent in February; the index advanced 4.5 percent at an annual rate for the first quarter as a whole. www.federalreserve.gov/releases/g17/Current/default.htm

April 17, 2018 - Speech by Governor Brainard on community development in Baltimore and a few observations on Community Reinvestment Act modernization - Governor Lael Brainard At the Federal Reserve Bank of Richmond Baltimore Community Development Gathering, Baltimore, Maryland www.federalreserve.gov/newsevents/speech/brainard20180417a.htm

April 17, 2018 - Minutes of the Board's discount rate meetings from February 26 through March 21, 2018.  www.federalreserve.gov/newsevents/pressreleases/monetary20180417a.htm

April 17, 2018 - Agencies propose transition of new Current Expected Credit Losses accounting standard into regulatory capital framework - The federal banking agencies today proposed a revision to their regulatory capital rules to address and provide an option to phase in the regulatory capital effects of the new accounting standard for credit losses, known as the "Current Expected Credit Losses" methodology.
Press Release: www.federalreserve.gov/newsevents/pressreleases/bcreg20180417a.htm 
Press Release: www.fdic.gov/news/news/press/2018/pr18026.html
Press Release: www.fdic.gov/news/news/financial/2018/fil18020.html
Press Release: www.occ.gov/news-issuances/news-releases/2018/nr-ia-2018-39.html

April 16, 2018 - Regulatory Relief - Guidance to Help Financial Institutions and Facilitate Recovery in Areas of American Samoa Affected by Tropical Storm Gita - The FDIC has announced a series of steps intended to provide regulatory relief to financial institutions and facilitate recovery in areas of American Samoa affected by Tropical Storm Gita. www.fdic.gov/news/news/financial/2018/fil18019.html

April 16, 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 10:00 a.m. on April 18, 2018. Matter(s) considered: Periodic Briefing and Discussion on Financial Markets, Institutions, and Infrastructure. https://www.federalreserve.gov/aboutthefed/boardmeetings/20180418closed.htm 

April 16, 2018 - The Fed's Asymmetric Forecast Errors - Andrew C. Chang - I show that the probability that the Board of Governors of the Federal Reserve System staff's forecasts overpredicted quarterly real gross domestic product growth depends on both the forecast horizon and also whether the forecasted quarter was above or below trend real GDP growth. www.federalreserve.gov/econres/feds/2018.htm#2018026

April 16, 2018 - Federal Reserve Board announces approval of application by JN Bank Limited - The Federal Reserve Board on Monday announced its approval of the application by JN Bank Limited, Kingston, Jamaica, to establish a representative office in Tamarac, Florida. www.federalreserve.gov/newsevents/pressreleases/orders20180416a.htm 

April 16, 2018 - Federal Reserve Board accepting applications for its Community Advisory Council - The CAC was formed in 2015. It advises the Board on issues affecting consumers and communities and complements two of the Board's other advisory councils whose members represent depository institutions--the Federal Advisory Council and the Community Depository Institutions Advisory Council. www.federalreserve.gov/newsevents/pressreleases/other20180416a.htm

April 13, 2018 - OCC Hosts Risk Governance and Compliance Risk Workshops in Omaha - The Office of the Comptroller of the Currency will host two workshops in Omaha, Neb., at the Hilton Omaha, May 22 and 23, for directors of national community banks and federal savings associations supervised by the OCC. www.occ.gov/news-issuances/news-releases/2018/nr-occ-2018-38.html

April 13, 2018 - St. Louis Fed's Bullard Discusses Living Standards across U.S. Metro Areas - Federal Reserve Bank of St. Louis President James Bullard discussed “Living Standards across U.S. Metropolitan Statistical Areas” on Friday at a Calhoun Lecture Series event at Washington University in St. Louis. www.stlouisfed.org/news-releases/2018/04/13/bullard-discusses-metro-areas

April 13, 2018 - A Day Late and a Dollar Short: Liquidity and Household Formation among Student Borrowers - Sarena Goodman, Adam Isen, and Constantine Yannelis - The federal government encourages human capital investment through lending and grant programs, but resources from these programs may also finance non-education activities for students whose liquidity is otherwise restricted. www.federalreserve.gov/econres/feds/files/2018025pap.pdf

April 13, 2018 - How much has wealth concentration grown in the United States? A re-examination of data from 2001-2013 - Jesse Bricker, Alice Henriques, and Peter Hansen - Well known research based on capitalized income tax data shows robust growth in wealth concentration in the late 2000s. www.federalreserve.gov/econres/feds/files/2018024pap.pdf 

April 13, 2018 - New Perspectives on the Decline of U.S. Manufacturing Employment - Teresa C. Fort, Justin R. Pierce, and Peter K. Schott - We use relatively unexplored dimensions of US microdata to examine how US manufacturing employment has evolved across industries, firms, establishments, and regions from 1977 to 2012. www.federalreserve.gov/econres/feds/files/2018023pap.pdf

April 13, 2018 - Credit and Liquidity Programs and the Balance Sheet - Recent balance sheet trends, weekly chart update.  www.federalreserve.gov/monetarypolicy/bst_recenttrends.htm

April 13, 2018 - Legal Interpretations - Bank Holding Company/Savings and Loan Holding Companies/Change in Control - March 7 and March 20, 2018 Letters.   www.federalreserve.gov/supervisionreg/legalinterpretations/bhc_changeincontrol2018.htm

April 13, 2018 - Federal Reserve Board approves proposal to revise regulatory capital rules to address and provide an option to phase in the effects of the new accounting standard for credit losses - The Federal Reserve Board on Friday announced it had approved a proposal to revise its regulatory capital rules to address and provide an option to phase in the regulatory capital effects of the new accounting standard for credit losses, known as the "Current Expected Credit Losses" methodology. www.federalreserve.gov/newsevents/pressreleases/bcreg20180413a.htm

April 12, 2018 - Office of the Comptroller of the Currency Recognizes National Financial Capability Month at Capitol Hill Event - The Office of the Comptroller of the Currency recognized National Financial Capability Month by participating in the annual Jump$tart Coalition Financial Literacy Day on Capitol Hill event today. www.occ.gov/news-issuances/news-releases/2018/nr-occ-2018-37.html

April 12, 2018 - Federal Reserve Board announces termination of enforcement action with Porter Bancorp, Inc. www.federalreserve.gov/newsevents/pressreleases/enforcement20180412a.htm
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April 12, 2018 - Office of the Comptroller of the Currency Recognizes National Financial Capability Month at Capitol Hill Event - The Office of the Comptroller of the Currency recognized National Financial Capability Month by participating in the annual Jump$tart Coalition Financial Literacy Day on Capitol Hill event today. www.occ.gov/news-issuances/news-releases/2018/nr-occ-2018-37.html

April 12, 2018 - Cyber Insurance: FFIEC Joint Statement on Cyber Insurance and Its Potential Role in Risk Management Programs - The Federal Financial Institutions Examination Council, on behalf of its members, has issued a joint statement that discusses considerations for financial institutions contemplating the purchase of cyber insurance as a component of their risk management programs. www.occ.treas.gov/news-issuances/bulletins/2018/bulletin-2018-8.html

April 12, 2018 - Consolidated Reports of Condition and Income - In the Consolidated Reports of Condition and Income for the March 31, 2018, report date, revisions to several schedules are taking effect in response to changes in the accounting for equity securities and other equity investments. www.fdic.gov/news/news/financial/2018/fil18018.html

April 12, 2018 - FDIC Hosts Use of Technology in the Business of Banking Forum in Arlington, Virginia - The Federal Deposit Insurance Corporation will host a forum on the Use of Technology in the Business of Banking on Monday, May 7, 2018. www.fdic.gov/news/news/press/2018/pr18025.html

April 12, 2018 - Federal Reserve Board announces termination of enforcement action with Porter Bancorp, Inc. www.federalreserve.gov/newsevents/pressreleases/enforcement20180412a.htm

April 11, 2018 - Regulatory Capital, Enhanced Supplementary Leverage Ratio Standards: Notice of Proposed Rulemaking - The Office of the Comptroller of the Currency and the Board of Governors of the Federal Reserve System seek comment on a proposed rule that would modify their regulations regarding enhanced supplementary leverage ratio standards for U.S. top-tier bank holding companies identified as global systemically important bank holding companies and their insured depository institution subsidiaries. www.occ.treas.gov/news-issuances/bulletins/2018/bulletin-2018-7.html

April 11, 2018 - Rule Proposed to Tailor 'Enhanced Supplementary Leverage Ratio' Requirements - The Federal Reserve Board and the Office of the Comptroller of the Currency (OCC) on Wednesday proposed a rule that would further tailor leverage ratio requirements to the business activities and risk profiles of the largest domestic firms. www.occ.gov/news-issuances/news-releases/2018/nr-ia-2018-36.html

April 11, 2018 - U.S. and Oklahoma Economic Update By Megan Williams Associate Economist & Manager - U.S. GDP growth remained solid in Q4, with strong consumer and business spending.  www.kansascityfed.org/~/media/files/publicat/speeches/2018/2018-williams-srm-reg-update-okc-04-18.pdf

April 11, 2018 - St. Louis Fed Girl Scout Resources Win Prestigious Award - The Institute for Financial Literacy awarded the economic education team from the Federal Reserve Bank of St. Louis for its activities and lessons created for Girl Scouts. www.stlouisfed.org/news-releases/2018/04/11/st-louis-fed-girl-scout-resources-win-prestigious-award

April 11, 2018 - Rule proposed to tailor 'enhanced supplementary leverage ratio' requirements - The Federal Reserve Board and the Office of the Comptroller of the Currency on Wednesday proposed a rule that would further tailor leverage ratio requirements to the business activities and risk profiles of the largest domestic firms. www.federalreserve.gov/newsevents/pressreleases/bcreg20180411a.htm

April 11, 2018 - Minutes of the Federal Open Market Committee, March 20-21, 2018 - A summary of economic projections made by Federal Reserve Board members and Reserve Bank presidents for the meeting is also included as an addendum to these minutes. www.federalreserve.gov/newsevents/pressreleases/monetary20180411a.htm

April 10, 2018 - Some Practical Considerations for Monetary Policy Frameworks - A speech delivered on March 9, 2018, before the Manhattan Institute Shadow Open Market Committee in New York City. www.chicagofed.org/publications/speeches/2018/03-09-2018-some-practical-considerations-monetary-policy-frameworks-shadow-open-market-committee

April 10, 2018 - Household Inequality and the Consumption Response to Aggregate Real Shocks By Gene Amromin , Mariacristina De Nardi , Karl Schulze - The drop in output and consumption that occurred during the Great Recession has been large and prolonged. www.chicagofed.org/publications/economic-perspectives/2018/1

April 10, 2018 - In Memoriam Remembering Federal Reserve Bank of Chicago Senior Economist and Research Advisor.  www.chicagofed.org/people/j/justiniano-alejandro

April 10, 2018 - U.S. and Oklahoma Economic Outlook By Chad Wilkerson Oklahoma City Branch Executive and Economist.  www.kansascityfed.org/~/media/files/publicat/speeches/2018/2018-srm-reg-update-tulsa-04-18.pdf

April 10, 2018 - St. Louis Fed’s FRED Provides Census Data on Mobile App - The signature economic database of the Federal Reserve Bank of St. Louis, has collaborated with the U.S. Census Bureau to provide users access to U.S. Census Bureau data through the FRED mobile app. www.stlouisfed.org/news-releases/2018/04/10/st-louis-fed-fred-provides-census-data-on-mobile-app

April 10, 2018 - FFIEC Issues Joint Statement: Cyber Insurance and Its Potential Role in Risk Management Programs - The FDIC, as a member of the Federal Financial Institutions Examination Counci, is issuing the attached statement addressing factors to consider regarding cyber insurance.
www.fdic.gov/news/news/financial/2018/fil18016.html
www.ffiec.gov/press/pr041018.htm
www.ncua.gov/newsroom/Pages/news-2018-april-joint-agency-statement-cyber-insurance.aspx

April 10, 2018 - Consolidated Reports of Condition and Income for First Quarter 2018 - The attached materials pertain to the Consolidated Reports of Condition and Income for the March 31, 2018, report date. www.fdic.gov/news/news/financial/2018/fil18017.html

April 10, 2018 - Structural Change and Global Trade - Logan T. Lewis, Ryan Monarch, Michael Sposi, and Jing Zhang - Services, which are less traded than goods, rose from 50 percent of world expenditure in 1970 to 80 percent in 2015. www.federalreserve.gov/econres/ifdp/files/ifdp1225.pdf

April 10, 2018 - Reports to the Congress - Annual Report on Preserving Minority Depository Institutions.  www.federalreserve.gov/publications/preserving-minority-depository-institutions.htm

April 10, 2018 - Federal Reserve Board seeks comment on proposal to simplify its capital rules for large banks while preserving strong capital levels that would maintain their ability to lend under stressful conditions.  www.federalreserve.gov/newsevents/pressreleases/bcreg20180410a.htm

April 9, 2018 - St. Louis Fed Economists Discuss: A Lost Generation? Young Families after the Great Recession - Wealth recovery after the Great Recession has been slow for younger families. www.stlouisfed.org/news-releases/2018/04/09/st-louis-fed-economists-discuss-a-lost-generation-young-families-after-the-great-recession

April 9, 2018 - Household Inequality and the Consumption Response to Aggregate Real Shocks - By Gene Amromin , Mariacristina De Nardi , Karl Schulze - The drop in output and consumption that occurred during the Great Recession has been large and prolonged. www.chicagofed.org/publications/economic-perspectives/2018/1

April 9, 2018 - The Structure of Federal Reserve Liabilities By Thomas Haasl , Sam Schulhofer-Wohl , Anna Paulson - Throughout the financial crisis and its aftermath from late 2008 through October 2014, the Federal Reserve used asset purchases as a potent tool of monetary policy—buying longer-term Treasury and mortgage-backed securities to provide economic stimulus beyond what traditional policy approaches could produce. www.chicagofed.org/publications/chicago-fed-letter/2018/395

April 9, 2018 - NCUA’s CURE to Host Bank Secrecy Act Webinar - Register Now to Learn About Requirements for Ongoing Customer Due Diligence - Credit unions with questions about complying with customer due diligence requirements in the Bank Secrecy Act can get valuable information on a National Credit Union Administration webinar scheduled for April 25. www.ncua.gov/newsroom/Pages/news-2018-april-cure-host-bank-secrecy-act-webinar.aspx

April 6, 2018 - SF Fed’s Williams: Sustainable Growth Will Keep the Strong Economy Going as Long as Possible - Williams says looking ahead, he expects “growth to average around 2.5 percent over this year and next.” www.frbsf.org/our-district/press/news-releases/2018/john-williams-sustainable-growth-will-keep-the-strong-economy-going-as-long-as-possible/

April 6, 2018 - Legal Interpretations - Bank Holding Company Act, January 29 and March 7, 2018.  www.federalreserve.gov/supervisionreg/legalinterpretations/bhc_changeincontrol2018.htm

April 6, 2018 - Statistical Release - Consumer Credit - G.19 - In February, consumer credit increased at a seasonally adjusted annual rate of 3-1/4 percent. Revolving credit increased at an annual rate of 1/4 percent, while nonrevolving credit increased at an annual rate of 4-1/2 percent. www.federalreserve.gov/releases/g19/current/default.htm

April 6, 2018 - FOIA -Chairman Powell's calendar, February 201.8 www.federalreserve.gov/foia/files/chairman-powell-calendar-022018.pdf

April 6, 2018 - Credit and Liquidity Programs and the Balance Sheet - Recent balance sheet trends, weekly chart update.  www.federalreserve.gov/monetarypolicy/bst_recenttrends.htm

April 6, 2018 - Speech by Chairman Powell on the outlook for the U.S. economy - Chairman Jerome H. Powell At The Economic Club of Chicago, Chicago, Illinois www.federalreserve.gov/newsevents/speech/powell20180406a.htm

April 5, 2018 - Eagle Bank President Joins St. Louis Fed’s Little Rock Branch Board - Jeff Lynch, president and CEO of Eagle Bank and Trust in Little Rock, has been appointed to fill the unexpired portion of a three-year term on the Little Rock board of directors of the Federal Reserve Bank of St. Louis. www.stlouisfed.org/news-releases/2018/04/eagle-bank-president-joins-st-louis-fed-little-rock-branch-board

April 5, 2018 - FDIC Forum: Use of Technology in the Business of Banking - The FDIC will host a forum on the Use of Technology in the Business of Banking on Monday, May 7, 2018. The forum will be held from 9:00 a.m. to 3:45 p.m. Eastern Time in the FDIC's Sheila C. Bair Auditorium, 3501 Fairfax Drive, Arlington, Virginia, 22226. www.fdic.gov/news/news/financial/2018/fil18015.html

April 5, 2018 - Kansas City Fed Launches National Small Business Lending Survey - The Federal Reserve Bank of Kansas City has launched a national quarterly Small Business Lending Survey that includes quantitative and qualitative data on credit market conditions for bank lending to small businesses across the country. www.kansascityfed.org/newsroom/newsreleases/2018/kcfed-launches-smallbusiness-lending-survey
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April 5, 2018 - OCC Hosts Minority Depository Institutions Advisory Committee Meeting - The Office of the Comptroller of the Currency today announced it will host a public meeting of the Minority Depository Institutions Advisory Committee on Tuesday, April 24, 2018, beginning at 8:30 a.m., Eastern Daylight Time. www.occ.gov/news-issuances/news-releases/2018/nr-occ-2018-35.html

April 5, 2018 - FDIC Forum: Use of Technology in the Business of Banking - The FDIC will host a forum on the Use of Technology in the Business of Banking on Monday, May 7, 2018. www.fdic.gov/news/news/financial/2018/fil18015.html 

April 5, 2018 - FDIC Issues List of Banks Examined for CRA Compliance - The Federal Deposit Insurance Corporation today issued its list of state nonmember banks recently evaluated for compliance with the Community Reinvestment Act. www.fdic.gov/news/news/press/2018/pr18024.html

April 5, 2018 - Federal Reserve Board announces termination of enforcement action with Turkiye Cumhuriyeti Ziraat Bankasi A.S.   www.federalreserve.gov/newsevents/pressreleases/enforcement20180405a.htm

April 4, 2018 - NCUA - March 2018 NCUA Board Meeting Video Available - The video recording of the March 15, 2018, open meeting of the National Credit Union Administration Board is now available on the agency’s website. www.ncua.gov/newsroom/Pages/news-2018-april-march-board-meeting-video-available.aspx

April 4, 2018 - OCC Releases CRA Evaluations for 24 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 March 1, 2018 through March 31, 2018. www.occ.gov/news-issuances/news-releases/2018/nr-occ-2018-34.html

April 4, 2018 - Energy and the Oklahoma Economy By Megan Williams Associate Economist & Manager, Oklahoma City Branch.  www.kansascityfed.org/~/media/files/publicat/speeches/2018/2018-williams-ncur-energy-04-18.pdf

April 4, 2018 - James H. Herbert II Appointed to the Federal Advisory Council - The Federal Reserve Bank of San Francisco’s board of directors has appointed James H. Herbert, II, Chairman and CEO (Founder) of First Republic Bank, to represent the District on the Federal Advisory Council. www.frbsf.org/our-district/press/news-releases/2018/james-h-herbert-ii-appointed-to-the-federal-advisory-council/

April 4, 2018 - Greg M. Joslin Joins St. Louis Fed’s Real Estate Industry Council - Greg M. Joslin, CCIM, SIOR of Little Rock, Ark., has been named to the Real Estate Industry Council of the Federal Reserve Bank of St. Louis. www.stlouisfed.org/news-releases/2018/04/04/greg-m-joslin-joins-st-louis-feds-real-estate-industry-council

April 4, 2018 - St. Louis Fed's Bullard Discusses the U.S. Economy Three Months into 2018 - Federal Reserve Bank of St. Louis President James Bullard discussed “The U.S. Economy Three Months into 2018” Wednesday at the Arkansas Bankers Association and Arkansas State Bank Department’s Day with the Commissioner. www.stlouisfed.org/news-releases/2018/04/04/bullard-economy-three-months-into-2018 

April 4, 2018 - Collateral Runs - Sebastian Infante and Alexandros P. Vardoulakis - This paper models an unexplored source of liquidity risk faced by large broker-dealers: collateral runs. www.federalreserve.gov/econres/feds/files/2018022pap.pdf

April 3, 2018 - Household Debt Service and Financial Obligations Ratios - Household debt service payments and financial obligations as a percentage of disposable personal income; seasonally adjusted.  www.federalreserve.gov/releases/housedebt/default.htm

April 3, 2018 - Speech by Governor Brainard on an update on the Federal Reserve's financial stability agenda At the Center for Global Economy and Business, Stern School of Business, New York University, New York, New York.  www.federalreserve.gov/newsevents/speech/brainard20180403a.htm

April 3, 2018 - Distributional Consequences of Trade for U.S. Consumers: Estimating Group-Specific Import Price Inflation - Colin J. Hottman and Ryan Monarch - Most of the literature on the distributional effects of international trade has focused on how the nominal incomes of different workers are affected differentially (e.g., Autor, Dorn, and Hanson 2013), with much less focus on the possibility that trade could cause the cost of living for different income groups to be affected differentially. www.federalreserve.gov/econres/notes/ifdp-notes/distributional-consequences-of-trade-for-us-consumers-20180403.htm

April 3, 2018 - John C. Williams Named President and CEO of New York Fed - The Federal Reserve Bank of New York today announced that John C. Williams has been named president and chief executive officer. His appointment by the eligible members of the New York Fed’s Board of Directors was approved by the Board of Governors of the Federal Reserve System. www.newyorkfed.org/newsevents/news/aboutthefed/2018/oa180403

April 2, 2018 - Legal Developments - Section 19 letters, January 2018 (7 letters) - Orders Issued under the Bank Merger Act, Federal Deposit Insurance Act, Federal Reserve Act, and International Banking Act, 2018.  www.federalreserve.gov/supervisionreg/ordersother2018.htm

April 2, 2018 - Statistical Release - Foreign Exchange Rates - G.5 - The table below shows the average rates of exchange in MARCH 2018 together with comparable figures for other months. Averages are based on daily noon buying rates for cable transfers in New York City certified for customs purposes by the Federal Reserve Bank of New York. www.federalreserve.gov/releases/g5/current/default.htm

April 2, 2018 - Federal Reserve Board announces approval of application by Arvest Bank, Arvest Bank Group, Inc., and Arvest Holdings, Inc. www.federalreserve.gov/newsevents/pressreleases/orders20180402a.htm

April 2, 2018 - Federal banking agencies issue final rule to exempt commercial real estate transactions of $500,000 or less from appraisal requirements.
Press Release: www.federalreserve.gov/newsevents/pressreleases/bcreg20180402a.htm
Press Release: www.fdic.gov/news/news/press/2018/pr18023.html
Press Release: www.occ.gov/news-issuances/news-releases/2018/nr-ia-2018-33.html

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