The E-mail Banking News
(Bank Regulatory News)

February 2020

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 test 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 Office/Cell 806-535-8300 or visit http://www.internetbankingaudits.com/.
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 your bank in Texas, New Mexico, Colorado, and Oklahoma.  Please drop Kinney Williams an email at examiner@yennik.com from your domain and I will email you information and fees.
February 20, 2020 - OCC Enforcement Actions and Terminations - 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/2020/nr-occ-2020-20.html

February 20, 2020 - Emerging Trends in U.S and Oklahoma Economies By Chad Wilkerson Vice President and Oklahoma City Branch Executive.  www.kansascityfed.org/~/media/files/publicat/speeches/2020/2020-wilkerson-financial-executives-international-02-20.pdf

February 20, 2020 - Extension of Comment Period for Notice of Proposed Rulemaking on Revisions to the Community Reinvestment Act Regulations - The Federal Deposit Insurance Corporation and the Office of the Comptroller of the Currency are extending until April 8, 2020, the comment period for the Notice of Proposed Rulemaking on revisions to the Community Reinvestment Act regulations. www.fdic.gov/news/news/financial/2020/fil20013.html

February 20, 2020 - Wealth concentration levels and growth: 1989-2016 - Jesse Bricker and Alice Henriques Volz - Although wealth concentration is broadly understood to have increased over the past decades, the question of how much it has increased and why it has increased has remained unsettled due to differences in the methodologies used to measure wealth concentration. www.federalreserve.gov/econres/notes/feds-notes/wealth-concentration-levels-and-growth-1989-2016-20200220.htm

February 20, 2020 - Technological Innovation and Discrimination in Household Finance - Adair Morse and Karen Pence - Technology has changed how discrimination manifests itself in financial services. Replacing human discretion with algorithms in decision-making roles reduces taste-based discrimination, and new modeling techniques have expanded access to financial services to households who were previously excluded from these markets. www.federalreserve.gov/econres/feds/technological-innovation-and-discrimination-in-household-finance.htm

February 20, 2020 - Changing Stability in U.S. Employment Relationships: A Tale of Two Tails - Raven Molloy, Christopher L. Smith, and Abigail Wozniak - We confront two seemingly-contradictory observations about the US labor market: the rate at which workers change employers has declined since the 1980s, yet there is a commonly expressed view that long-term employment relationships are more difficult to attain. www.federalreserve.gov/econres/feds/changing-stability-in-us-employment-relationships-a-tale-of-two-tails.htm
 
February 20, 2020 - NCUA - Mortgage Study Shows Credit Union Members Pay Lower Interest Rates - Share Insurance Fund Assets Grow in 2019; Equity Ratio at 1.35 Percent - According to a study by the NCUA’s Chief Economist, credit union members could save thousands of dollars on their mortgages when compared to borrowers at other financial institutions. www.ncua.gov/newsroom/press-release/2020/mortgage-study-shows-credit-union-members-pay-lower-interest-rates

February 19, 2020 - NCUA Completes Taxi Medallion Loan Sale - The National Credit Union Administration today announced the sale of the majority of its taxi-medallion loan portfolio to Marblegate Asset Management LLC. www.ncua.gov/newsroom/press-release/2020/ncua-completes-taxi-medallion-loan-sale

February 19, 2020 - A Risk-Premium Adjustment to the Policy Rate Path By Stefania D’Amico , Vamsi Kurakula , Santiago I. Sordo Palacios - We offer a method to derive a risk-premium adjustment to the risk-neutral policy rate path implied by raw financial quotes. www.chicagofed.org/publications/chicago-fed-letter/2020/432

February 19, 2020 - OCC Hosts Miami Workshop for Board Directors and Bank Management - The Office of the Comptroller of the Currency will host a workshop in Miami at the Even Hotel – Miami Airport, March 31 - April 1, for directors, senior management team members, and other key executives of national community banks and federal savings associations supervised by the OCC. www.occ.gov/news-issuances/news-releases/2020/nr-occ-2020-18.html

February 19, 2020 - FDIC Seeks Information on How to Modernize Signage and Advertising Requirements - The Federal Deposit Insurance Corporation today announced that it is seeking the public's input on potential modernization of its signage and advertising requirements to better reflect how banks and savings associations currently operate and how consumers use banking services. www.fdic.gov/news/news/press/2020/pr20014.html

February 19, 2020 - Joint Release/FDIC and OCC Announce 30-day Extension of Comment Period for Community Reinvestment Act Regulations - The Federal Deposit Insurance Corporation and Office of the Comptroller of the Currency today extended the public comment period for proposed changes to the regulations implementing the Community Reinvestment Act until April 8, 2020.
Press Release: www.fdic.gov/news/news/press/2020/pr20013.html
Press Release: www.occ.gov/news-issuances/news-releases/2020/nr-ia-2020-19.html

February 19, 2020 - FDIC Announces Members for the Advisory Committee of State Regulators - The Federal Deposit Insurance Corporation has announced the selection of 15 members for its recently established Advisory Committee of State Regulators. www.fdic.gov/news/news/press/2020/pr20012.html

February 19, 2020 - Minutes of the Federal Open Market Committee, January 28-29, 2020.  www.federalreserve.gov/newsevents/pressreleases/monetary20200219a.htm 

February 18, 2020 - A Risk-Premium Adjustment to the Policy Rate Path By Stefania D’Amico , Vamsi Kurakula , Santiago I. Sordo Palacios - We offer a method to derive a risk-premium adjustment to the risk-neutral policy rate path implied by raw financial quotes. www.chicagofed.org/publications/chicago-fed-letter/2020/432

February 18, 2020 - Can Broader Access to Direct CCP Clearing Reduce the Concentration of Cleared Derivatives? By Nahiomy Alvarez - In November 2008, at the height of the global financial crisis, leaders from the Group of Twenty nations, representing the world’s largest economies, convened in Washington, DC, to develop a new regulatory framework to help foster financial stability. www.chicagofed.org/publications/economic-perspectives/2019/3

February 18, 2020 - Standardized Approach for Counterparty Credit Risk : Final Rule - On January 24, 2020, the Office of the Comptroller of the Currency, the Board of Governors of the Federal Reserve System, and the Federal Deposit Insurance Corporation published a final rule to provide an updated framework for measuring the exposure amount of derivatives contracts. www.occ.gov/news-issuances/bulletins/2020/bulletin-2020-7.html

February 18, 2020 - Revisions to the Consolidated Reports of Condition and Income and the FFIEC 101 Report - On January 27, 2020, the Federal Deposit Insurance Corporation, the Federal Reserve Board, and the Office of the Comptroller of the Currency, under the auspices of the Federal Financial Institutions Examination Council, published the attached final regulatory reporting changes in the Federal Register. www.fdic.gov/news/news/financial/2020/fil20010.html

February 18, 2020 - Financial Stability Committees and Basel III Macroprudential Capital Buffers - Rochelle M. Edge and J. Nellie Liang - We evaluate how a country’s governance structure for macroprudential policy affects its implementation of Basel III macroprudential capital buffers. www.federalreserve.gov/econres/feds/financial-stability-committees-and-basel-iii-macroprudential-capital-buffers.htm

February 18, 2020 - Statistical Release - Charge-Off and Delinquency Rates on Loans and Leases at Commercial Banks.  www.federalreserve.gov/releases/chargeoff/

February 18, 2020 - Federal Reserve Bulletin - Legal Developments: Fourth Quarter, 2019.  www.federalreserve.gov/publications/2019-bulletin.htm

February 14, 2020 - NCUA’s Four Funds Receive Clean 2019 Audit Opinions - The National Credit Union Administration’s four funds again earned unmodified, or “clean,” audit opinions for 2019, according to audited financial statements released today by the agency’s Office of the Inspector General. www.ncua.gov/newsroom/press-release/2020/ncuas-four-funds-receive-clean-2019-audit-opinions

February 14, 2020 - FDIC Releases Economic Scenarios for 2020 Stress Testing - The Federal Deposit Insurance Corporation today released the hypothetical economic scenarios for use in the upcoming stress tests for covered institutions with total consolidated assets of more than $250 billion. www.fdic.gov/news/news/press/2020/pr20010.html

February 14, 2020 - What Happened to U.S. Business Dynamism? - Ufuk Akcigit and Sina T. Ates - The U.S. economy has witnessed a number of striking trends that indicate a rising market concentration and a slowdown in business dynamism in recent decades.  www.federalreserve.gov/econres/notes/feds-notes/what-happened-to-us-business-dynamism-20200214.htm

February 14, 2020 - Statistical Release - Finance Companies - G.20. www.federalreserve.gov/releases/g20/current/g20.htm

February 13, 2020 - Credit and Liquidity Programs and the Balance Sheet - Recent balance sheet trends, weekly chart update.  www.federalreserve.gov/monetarypolicy/bst_recenttrends.htm

February 13, 2020 - Statistical Release - Industrial Production and Capacity Utilization - G.17 - Industrial production declined 0.3 percent in January, as unseasonably warm weather held down the output of utilities and as a major manufacturer significantly slowed production of civilian aircraft. www.federalreserve.gov/releases/g17/current/default.htm

February 13, 2020 - Rising Import Tariffs, Falling Export Growth: When Modern Supply Chains Meet Old-Style Protectionism - Kyle Handley, Fariha Kamal, and Ryan Monarch We examine the impacts of the 2018-2019 U.S. import tariff increases on U.S. export growth through the lens of supply chain linkages. www.federalreserve.gov/econres/ifdp/rising-import-tariffs-falling-export-growth-when-modern-supply-chains-meet-old-style-protectionism.htm
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February 13, 2020 - AgLetter - A quarterly newsletter on agricultural land values and credit conditions, based on data from the Bank's survey. - According to the most recent AgLetter, Seventh District farmland values in the fourth quarter of 2019 were largely the same as a year ago. www.chicagofed.org/publications/agletter/index

February 13, 2020 - Home Mortgage Disclosure Act: FFIEC Issues 2020 Version of A Guide to HMDA Reporting: Getting It Right! - The Federal Financial Institutions Examination Council has issued the 2020 edition of A Guide to HMDA Reporting Getting It Right! for Home Mortgage Disclosure Act-related data collected in 2020 and reported in 2021. www.fdic.gov/news/news/financial/2020/fil20009.html

February 13, 2020 - Currency and Bank Budgets - 2020 Federal Reserve Bank Budgets.  www.federalreserve.gov/foia/budgets.htm 

February 13, 2020 - Primer on the Forward-Looking Analysis of Risk Events Model: A Top-Down Stress Test Model Matthew P. Seay and Cindy M. Vojtech - FLARE estimates banking system capital under varying macroeconomic scenarios, time horizons, and other systemic shocks. www.federalreserve.gov/econres/feds/primer-on-the-forward-looking-analysis-of-risk-events-model.htm

February 13, 2020 - Federal Reserve Board announces termination of enforcement actions with Discover Financial Services, JPMorgan Chase & Co., Deutsche Bank AG, and The Royal Bank of Scotland PLC and RBS Securities, Inc. www.federalreserve.gov/newsevents/pressreleases/enforcement20200213a.htm

February 12, 2020 - Forward-Looking Monetary Policy and the Transmission of Conventional Monetary Policy Shocks - Chunya Bu, John Rogers, and Wenbin Wu - Standard structural VAR models and estimation using Romer and Romer (2004) monetary policy shocks show that, in samples after the 1980s, a contractionary conventional monetary policy shock generates smaller and sometimes perversely-signed impulse responses compared to earlier samples. www.federalreserve.gov/econres/feds/forward-looking-monetary-policy-and-the-transmission-of-conventional-monetary-policy-shocks.htm
 
February 12, 2020 - Inflation at Risk - David López-Salido and Francesca Loria - We investigate how macroeconomic drivers affect the predictive inflation distribution as well as the probability that inflation will run above or below certain thresholds over the near term. www.federalreserve.gov/econres/feds/inflation-at-risk.htm

February 11, 2020 - St. Louis Fed's Bullard Presents "Can the FOMC Achieve a Soft Landing in 2020?" - In a presentation Tuesday to the CFA Society St. Louis, Federal Reserve Bank of St. Louis President James Bullard discussed whether the Federal Open Market Committee can achieve a soft landing for the U.S. economy in 2020. www.stlouisfed.org/news-releases/2020/02/11/bullard-can-fomc-achieve-soft-landing

February 11, 2020 - Testimony by Chair Jerome H. Powell - Semiannual Monetary Policy Report to the Congress Before the Committee on Financial Services, U.S. House of Representatives, Washington, D.C. www.federalreserve.gov/newsevents/testimony/powell20200211a.htm

February 11, 2020 - Speech by Vice Chair for Supervision Quarles on spontaneity and order: transparency, accountability, and fairness in bank supervision At the Yale Law School, New Haven, Connecticut.  www.federalreserve.gov/newsevents/speech/quarles20200211a.htm

February 10, 2020 - FDIC Issues Procedures for Deposit Insurance Applications from Applicants that are Not Traditional Community Banks - The FDIC has released a supplement to its Deposit Insurance Application Procedures Manual that addresses deposit insurance applications involving unique or complex proposals.  www.fdic.gov/news/news/financial/2020/fil20008.html

February 10, 2020 - Notice of a Meeting under Expedited Procedures - A closed meeting of the Board of Governors of the Federal Reserve System was held at 11:00 a.m. on February 10, 2020. 
www.federalreserve.gov/recentpostings.htm

February 10, 2020 - Speech by Governor Bowman on empowering community banks At the Conference for Community Bankers sponsored by The American Bankers Association, Orlando, Florida.  www.federalreserve.gov/newsevents/speech/bowman20200210a.htm

February 7, 2020 - Statistical Release - Consumer Credit - G.19 - In 2019, consumer credit increased 4-3/4 percent, with revolving and nonrevolving credit increasing 4-1/4 percent and 4-3/4 percent, respectively. www.federalreserve.gov/releases/g19/current/default.htm

February 7, 2020 - FOIA - Chair Powell's calendar, December 2019. www.federalreserve.gov/foia/chairman-powell-calendar.htm

February 7, 2020 - Credit and Liquidity Programs and the Balance Sheet - Recent balance sheet trends, weekly chart update. www.federalreserve.gov/monetarypolicy/bst_recenttrends.htm

February 7, 2020 - Reports to Congress - Monetary Policy Report, February 2020 - The Federal Reserve Act requires the Federal Reserve Board to submit written reports to Congress containing discussions of "the conduct of monetary policy and economic developments and prospects for the future." www.federalreserve.gov/monetarypolicy/mpr_default.htm

February 6, 2020 - OCC Releases Dodd-Frank Act Stress Test Scenarios for 2020 - The Office of the Comptroller of the Currency released economic and financial market scenarios for use in the upcoming stress tests for covered institutions. www.occ.gov/news-issuances/news-releases/2020/nr-occ-2020-17.html

February 6, 2020 - Statistical Release - Structure and Share Data for U.S. Banking Offices of Foreign Entities - Data are collected as of the end of the month for March, June, September and December, and generally are released three months later. www.federalreserve.gov/releases/iba/
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February 13, 2020 - AgLetter - A quarterly newsletter on agricultural land values and credit conditions, based on data from the Bank's survey. - According to the most recent AgLetter, Seventh District farmland values in the fourth quarter of 2019 were largely the same as a year ago. www.chicagofed.org/publications/agletter/index

February 13, 2020 - Home Mortgage Disclosure Act: FFIEC Issues 2020 Version of A Guide to HMDA Reporting: Getting It Right! - The Federal Financial Institutions Examination Council has issued the 2020 edition of A Guide to HMDA Reporting Getting It Right! for Home Mortgage Disclosure Act-related data collected in 2020 and reported in 2021. www.fdic.gov/news/news/financial/2020/fil20009.html

February 13, 2020 - Currency and Bank Budgets - 2020 Federal Reserve Bank Budgets.  www.federalreserve.gov/foia/budgets.htm 

February 13, 2020 - Primer on the Forward-Looking Analysis of Risk Events Model: A Top-Down Stress Test Model Matthew P. Seay and Cindy M. Vojtech - FLARE estimates banking system capital under varying macroeconomic scenarios, time horizons, and other systemic shocks. www.federalreserve.gov/econres/feds/primer-on-the-forward-looking-analysis-of-risk-events-model.htm

February 13, 2020 - Federal Reserve Board announces termination of enforcement actions with Discover Financial Services, JPMorgan Chase & Co., Deutsche Bank AG, and The Royal Bank of Scotland PLC and RBS Securities, Inc. www.federalreserve.gov/newsevents/pressreleases/enforcement20200213a.htm

February 12, 2020 - Forward-Looking Monetary Policy and the Transmission of Conventional Monetary Policy Shocks - Chunya Bu, John Rogers, and Wenbin Wu - Standard structural VAR models and estimation using Romer and Romer (2004) monetary policy shocks show that, in samples after the 1980s, a contractionary conventional monetary policy shock generates smaller and sometimes perversely-signed impulse responses compared to earlier samples. www.federalreserve.gov/econres/feds/forward-looking-monetary-policy-and-the-transmission-of-conventional-monetary-policy-shocks.htm
 
February 12, 2020 - Inflation at Risk - David L�pez-Salido and Francesca Loria - We investigate how macroeconomic drivers affect the predictive inflation distribution as well as the probability that inflation will run above or below certain thresholds over the near term. www.federalreserve.gov/econres/feds/inflation-at-risk.htm

February 11, 2020 - St. Louis Fed's Bullard Presents "Can the FOMC Achieve a Soft Landing in 2020?" - In a presentation Tuesday to the CFA Society St. Louis, Federal Reserve Bank of St. Louis President James Bullard discussed whether the Federal Open Market Committee can achieve a soft landing for the U.S. economy in 2020. www.stlouisfed.org/news-releases/2020/02/11/bullard-can-fomc-achieve-soft-landing

February 11, 2020 - Testimony by Chair Jerome H. Powell - Semiannual Monetary Policy Report to the Congress Before the Committee on Financial Services, U.S. House of Representatives, Washington, D.C. www.federalreserve.gov/newsevents/testimony/powell20200211a.htm

February 11, 2020 - Speech by Vice Chair for Supervision Quarles on spontaneity and order: transparency, accountability, and fairness in bank supervision At the Yale Law School, New Haven, Connecticut.  www.federalreserve.gov/newsevents/speech/quarles20200211a.htm

February 10, 2020 - FDIC Issues Procedures for Deposit Insurance Applications from Applicants that are Not Traditional Community Banks - The FDIC has released a supplement to its Deposit Insurance Application Procedures Manual that addresses deposit insurance applications involving unique or complex proposals.  www.fdic.gov/news/news/financial/2020/fil20008.html

February 10, 2020 - Notice of a Meeting under Expedited Procedures - A closed meeting of the Board of Governors of the Federal Reserve System was held at 11:00 a.m. on February 10, 2020. 
www.federalreserve.gov/recentpostings.htm

February 10, 2020 - Speech by Governor Bowman on empowering community banks At the Conference for Community Bankers sponsored by The American Bankers Association, Orlando, Florida.  www.federalreserve.gov/newsevents/speech/bowman20200210a.htm

February 7, 2020 - Statistical Release - Consumer Credit - G.19 - In 2019, consumer credit increased 4-3/4 percent, with revolving and nonrevolving credit increasing 4-1/4 percent and 4-3/4 percent, respectively. www.federalreserve.gov/releases/g19/current/default.htm

February 7, 2020 - FOIA - Chair Powell's calendar, December 2019. www.federalreserve.gov/foia/chairman-powell-calendar.htm

February 7, 2020 - Credit and Liquidity Programs and the Balance Sheet - Recent balance sheet trends, weekly chart update. www.federalreserve.gov/monetarypolicy/bst_recenttrends.htm

February 7, 2020 - Reports to Congress - Monetary Policy Report, February 2020 - The Federal Reserve Act requires the Federal Reserve Board to submit written reports to Congress containing discussions of "the conduct of monetary policy and economic developments and prospects for the future." www.federalreserve.gov/monetarypolicy/mpr_default.htm

February 6, 2020 - OCC Releases Dodd-Frank Act Stress Test Scenarios for 2020 - The Office of the Comptroller of the Currency released economic and financial market scenarios for use in the upcoming stress tests for covered institutions. www.occ.gov/news-issuances/news-releases/2020/nr-occ-2020-17.html

February 6, 2020 - Statistical Release - Structure and Share Data for U.S. Banking Offices of Foreign Entities - Data are collected as of the end of the month for March, June, September and December, and generally are released three months later. www.federalreserve.gov/releases/iba/

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February 6, 2020 - Federal Reserve Board issues enforcement action with Farmers & Merchants Bank of Craig County.  www.federalreserve.gov/newsevents/pressreleases/enforcement20200206a.htm

February 6, 2020 - 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 February 10, 2020. 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/20200210closed.htm

February 5, 2020 - 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 January 1, 2020 through January 31, 2020. www.occ.gov/news-issuances/news-releases/2020/nr-occ-2020-16.html

February 5, 2020 - Notice of a Meeting under Expedited Procedures - A closed meeting of the Board of Governors of the Federal Reserve System was held at on February 5, 2020. Matter(s) considered: Periodic Supervisory Update. www.federalreserve.gov/recentpostings.htm

February 5, 2020 - Speech by Governor Brainard on the digitalization of payments and currency At the Symposium on the Future of Payments, Stanford, California.   www.federalreserve.gov/newsevents/speech/brainard20200205a.htm

February 4, 2020 - Summary of the 14th Annual Community Bankers Symposium By Pamela Kennedy, Mark Ahern, Aaron Berlowe, Jennifer Dollen, Elizabeth Ewing, Robert Jefferies, William Mark, Jessica Swiatek, Scott Verbeke - The 14th annual Community Bankers Symposium, cosponsored by the Federal Reserve Bank of Chicago, the Office of the Comptroller of the Currency, and the Federal Deposit Insurance Corporation, was held at the Federal Reserve Bank of Chicago on November 22, 2019. www.chicagofed.org/publications/chicago-fed-letter/2020/430

February 4, 2020 - Brave-Butters-Kelley Indexes Point to Growth Remaining Below Trend in December - The BBK Coincident and Leading Indexes and Monthly GDP Growth for the U.S. are constructed from a collapsed dynamic factor analysis of a panel of 500 monthly measures of real economic activity and quarterly real GDP growth. www.chicagofed.org/publications/bbki/index

February 4, 2020 - Improving Midwest Agriculture and the Environment By David Oppedahl - On November 20, 2019, the Chicago Fed held a conference to examine environmental issues related to Midwest agriculture, with a particular focus on conservation practices. www.chicagofed.org/publications/chicago-fed-letter/2020/431

February 4, 2020 - FDIC Issues List of Banks Examined for CRA Compliance - The list covers evaluation ratings that the FDIC assigned to institutions in November 2019. www.fdic.gov/news/news/press/2020/pr20009.html

February 4, 2020 - Federal Reserve Board issues enforcement action with former employee of Farmers & Merchants Bank - Prohibition, restitution, and fine against Carol Allen, former employee of Farmers & Merchants Bank, Baldwyn, Mississippi, for embezzling funds. www.federalreserve.gov/newsevents/pressreleases/enforcement20200204b.htm

February 4, 2020 - Federal Reserve Board announces it is permanently barring senior executive at Goldman Sachs from banking industry - The Federal Reserve Board on Tuesday announced that it is permanently barring Andrea Vella, a senior executive at Goldman Sachs, from the banking industry for his role in Goldman's financing of a defrauded Malaysian sovereign wealth fund. www.federalreserve.gov/newsevents/pressreleases/enforcement20200204a.htm

February 3, 2020 - Summary of the 14th Annual Community Bankers Symposium - By Pamela Kennedy , Mark Ahern , Aaron Berlowe , Jennifer Dollen , Elizabeth Ewing , Robert Jefferies , William Mark , Jessica Swiatek , Scott Verbeke - The 14th annual Community Bankers Symposium, cosponsored by the Federal Reserve Bank of Chicago, the Office of the Comptroller of the Currency, and the Federal Deposit Insurance Corporation, was held at the Federal Reserve Bank of Chicago on November 22, 2019. www.chicagofed.org/publications/chicago-fed-letter/2020/430

February 3, 2020 - from The Wall Street Journal - New Tech Leader at FDIC Works on Upgrading - IT Sylvia Burns, promoted from deputy CIO to CIO, aims to test use of AI to boost bank examiners� productivity. Is this possible? The full article is available on www.WSJ.com

February 3, 2020 - NCUA - Six Credit Unions Agree to Late-Filing Penalties for Second Quarter of 2019 - Six federally insured credit unions subject to civil money penalties for filing late Call Reports in the second quarter of 2019 have agreed to penalties of $2,259, the National Credit Union Administration announced today. www.ncua.gov/newsroom/press-release/2020/six-credit-unions-agree-late-filing-penalties-second-quarter-2019

February 3, 2020 - Banker Webinar: Community Bank Leverage Ratio Framework - The FDIC will host a webinar on February 25, 2020, from 2:00 p.m. to 3:30 p.m., Eastern Time to discuss the optional community bank leverage ratio capital framework for qualifying FDIC-supervised institutions. www.fdic.gov/news/news/financial/2020/fil20007.html

February 3, 2020 - FDIC Publishes Comprehensive History of Risk-Based Pricing - In the first of a series of staff studies to be released to the public, the Federal Deposit Insurance Corporation today published a comprehensive history of how the agency assessed banks to build FDIC's now 85-year-old Deposit Insurance Fund and help achieve its mission of protecting depositors and resolving failed banks. www.fdic.gov/news/news/press/2020/pr20008.html

February 3, 2020 - Statistical Release - Foreign Exchange Rates - G.5 - The table below shows the average rates of exchange in JANUARY 2020 together with comparable figures for other months. www.federalreserve.gov/releases/g5/current/default.htm

February 3, 2020 - 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 February 5, 2020. Matter(s) considered: Periodic Supervisory Update. www.federalreserve.gov/aboutthefed/boardmeetings/20200205closed.htm

February 3, 2020 - Senior Loan Officer Opinion Survey on Bank Lending Practices, January 2020 - Survey of up to eighty large domestic banks and twenty-four U.S. branches and agencies of foreign banks. www.federalreserve.gov/data/sloos.htm

February 3, 2020 - Time-varying uncertainty of the Federal Reserve's output gap estimate - Travis J. Berge - What is the output gap and when do we know it? A factor stochastic volatility model estimates the common component to forecasts of the output gap produced by the staff of the Federal Reserve, its time-varying volatility, and time-varying, horizon-specific forecast uncertainty. www.federalreserve.gov/econres/feds/time-varying-uncertainty-of-the-federal-reserves-output-gap-estimate.htm

February 3, 2020 - How Global Value Chains Change the Trade-Currency Relationship - Fran�ois de Soyres, Erik Frohm, Vanessa Gunnella - Economics textbooks outline a clear-cut relationship between movements in a country's exchange rate and its export volumes, the exchange rate elasticity of exports.  www.federalreserve.gov/econres/notes/feds-notes/how-global-value-chains-change-the-trade-currency-relationship-20200203.htm

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