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
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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
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a hacker's perspective, which will help
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As a former bank examiner
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January 16, 2020 - OCC Enforcement Actions and Terminations - The Office of the
Comptroller of the Currency (OCC) 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.
January 16, 2020 - FDIC Updates Money Smart for Small Business Credit and
Banking Modules - As part of their ongoing commitment to strengthening
bank-community partnerships, the Federal Deposit Insurance Corporation and U.S.
Small Business Administration today released two updates to the popular Money
Smart for Small Business curriculum.
January 16, 2020 - Confidence, financial literacy and investment in risky
assets: Evidence from the Survey of Consumer Finances - Andrej CupŠk, Pirmin
Fessler, Joanne W. Hsu, Piotr R. Paradowski - We employ recent Survey of
Consumer Finances microdata from the US to analyze the impacts of confidence in
one's own financial knowledge, confidence in the economy, and objective
financial literacy on investment in risky financial assets on both the extensive
and intensive margins.
January 16, 2020 - Supervision Manual - A User's Guide for the Bank Holding
Company Performance Report, June 2019 - Serves as an aid in using the Bank
Holding Company Performance Report. Provides definitions of the financial ratios
and items presented on each page of the BHCPR.
January 16, 2020 - Speech by Governor Bowman on the outlook for housing At the
2020 Economic Forecast Breakfast, Home Builders Association of Greater Kansas
City, Kansas City, Missouri.
January 15, 2020 - Economic Outlook Symposium: Summary of 2019 Results and 2020
Forecasts By William A. Strauss , Kelley Sarussi - According to participants in
the Chicago Fedís annual Economic Outlook Symposium, the U.S. economy is
forecasted to expand at a pace in 2020 near the long-term average, with
inflation ticking up and the unemployment rate remaining low.
January 15, 2020 - Chicago Fed Survey of Business Conditions Shows Steady Growth
in Late November and December - The Chicago Fed Survey of Business Conditions
Activity Index edged down to -8 from -6, suggesting that growth in economic
activity remained at a modest pace in late November and December.
January 15, 2020 - St. Louis Fedís Wolla Awarded for his Economic Education Work
- Scott Wolla, economic education coordinator at the Federal Reserve Bank of St.
Louis, was named the 2020 winner of the Bessie B. Moore Service Award from the
National Association of Economic Educators.
January 15, 2020 - St. Louis Fed Presents: The Community Reinvestment Act -
Separating Truth from Myths - The Community Reinvestment Act has played an
integral part in expanding access to credit in communities and to borrowers
across the United States.
January 15, 2020 - Beige Book - Informal review by the Federal Reserve Banks of
current economic conditions in their Districts - This report was prepared at the
Federal Reserve Bank of New York based on information collected on or before
January 6, 2020.
January 14, 2020 - 2020 Vision: Solid Growth in a Challenging Low-Interest-Rate
World By Esther George President and Chief Executive Officer Federal Reserve
Bank of Kansas City.
January 14, 2020 - Frequently Asked Questions on the Tailoring Rules - The Board
of Governors of the Federal Reserve System is issuing frequently asked questions
in response to questions from institutions regarding the final rules to tailor
certain prudential standards for large domestic and foreign banking
organizations to more closely match their risk profiles.
January 14, 2020 - Federal Reserve Board announces members of its Community
Depository Institutions Advisory Council for 2020 - The CDIAC advises the Board
on the economy, lending conditions, and other issues of interest to community
January 13, 2020 - Symposium Participants Forecast Economy to Grow at Pace Near
Average in 2020 By William A. Strauss , Kelley Sarussi - According to
participants in the Chicago Fedís annual Economic Outlook Symposium, the U.S.
economy is forecasted to expand at a pace in 2020 near the long-term average,
with inflation ticking up and the unemployment rate remaining low.
January 13, 2020 - St. Louis Fed Accepting Applications for 2020-21 Student
Board of Directors - The St. Louis Fedís student board of directors program
offers high school seniors a dynamic way to learn about our nation's central
January 13, 2020 - Consolidated Reports of Condition and Income for Fourth
Quarter 2019 - The Consolidated Reports of Condition and Income for the December
31, 2019, report date must be submitted to the agencies' Central Data Repository
by Thursday, January 30, 2020. Certain institutions with foreign offices have an
additional five calendar days to file their reports.
January 13, 2020 - Consolidated Reports of Condition and Income for Fourth
Quarter 2019 - The attached materials pertain to the Consolidated Reports of
Condition and Income for the December 31, 2019, report date. Please plan to
complete as early as possible the preparation, editing, and review of your
institutionís Call Report data and the submission of these data to the agenciesí
Central Data Repository.
January 13, 2020 - Legal Developments - Section 19 letters, October 21 (2
letters) and November 21, 2019.
January 10, 2020 - Chicago Fed Announces 2020 Chicago and Detroit Board Members
- The Federal Reserve Bank of Chicago today announced the election of four
Directors, appointment of a Director, appointment of the Board Chair and Deputy
Chair, re-appointment of a Detroit Branch Director, appointment of a Detroit
Branch Director, re-appointment of the Detroit Branch Chair, and the
re-appointment of the Federal Advisory Council representative. All are effective
January 1, 2020.
January 10, 2020 - NCUA Offers Information, Assistance to Credit Unions Affected
by Puerto Rico Earthquakes - In the wake of the recent earthquakes in Puerto
Rico, the National Credit Union Administration will be ready to assist the seven
federally insured credit unions there with maintaining or restoring operations,
January 10, 2020 - Community Reinvestment Act : Request for Public Input - The
Office of the Comptroller of the Currency today issued a request for public
input related to the OCC and Federal Deposit Insurance Corporationís recent
joint notice of proposed rulemaking that would modernize regulations
implementing the Community Reinvestment Act.
January 10, 2020 - Community Reinvestment Act : Notice of Proposed Rulemaking -
The Office of the Comptroller of the Currency and the Federal Deposit Insurance
Corporation have issued a joint notice of proposed rulemaking to modernize
regulations implementing the Community Reinvestment Act.
January 10, 2020 - Kansas City Fed announces director election results and
appointments - The Federal Reserve Bank of Kansas City announces director
election results and appointments to fill seats on its headquarters office and
branch boards of directors. All appointments are effective Jan. 1, 2020.
January 10, 2020 - D. Bryan Jordan Appointed to Federal Advisory Council - The
board of directors of the Federal Reserve Bank of St. Louis has appointed D.
Bryan Jordan, chairman, president and CEO of First Horizon National Corp. in
Memphis, Tenn., to serve on the Federal Advisory Council for a one-year term
that ends on Dec. 31, 2020.
January 10, 2020 - St. Louis Fed Announces Changes to Board of Directors - The
Federal Reserve Bank of St. Louis has announced the following changes to its
board of directors, effective Jan. 1
January 10, 2020 - St. Louis Fed Little Rock Branch Announces Changes to Board
January 10, 2020 - St. Louis Fed Louisville Branch Announces Changes to Board of
January 10, 2020 - FDIC Named One of the Best Places to Work in the Federal
Government - The Federal Deposit Insurance Corporation has again been recognized
as one of the top federal agencies listed on the Best Places to Work in the
Federal Governmentģ by the Partnership for Public Service. This year, the FDIC
ranked No. 4 among midsize agencies, up one spot from last year.
January 10, 2020 - Annual Report to the Congress on the Presidential $1 Coin
Program - Reports on the Federal Reserve and the United States Mint's
collaborative efforts to develop the Presidential $1 Coin Program and improve
the distribution and circulation of $1 coins.
January 10, 2020 - Credit and Liquidity Programs and the Balance Sheet - Recent
balance sheet trends, weekly chart update.
January 10, 2020 - 2014 FOMC meeting transcripts, presentation materials,
Tealbooks, agendas, and SEP individual projections.
January 10, 2020 - Federal Reserve Board announces appointment of the chairs and
deputy chairs of the Federal Reserve Banks for 2020 - Each Reserve Bank has a
nine-member board of directors. The Board of Governors in Washington appoints
three of these directors and each year designates one of its appointees as Chair
and a second as Deputy Chair.
January 10, 2020 - Federal Reserve Board announces Reserve Bank income and
expense data and transfers to the Treasury for 2019 - The Federal Reserve Board
on Friday announced preliminary results indicating that the Reserve Banks
provided for payments of approximately $54.9 billion to the U.S. Treasury. The
2019 audited Reserve Bank financial statements are expected to be published in
March and may include adjustments to these preliminary unaudited results.
January 9, 2020 - St. Louis Fed's Bullard Discusses "A Soft Landing in 2020?" -
Bullard discussed how U.S. economic growth slowed on a year-over-year basis in
2019. ďThe Federal Open Market Committee took action to help ensure a soft
landing by dramatically altering the path of monetary policy during 2019,Ē he
January 9, 2020 - FRB/US historical database and FRB/US EViews databases -
January 9, 2020 update - The main FRB/US model package is a self-contained set
of equations, data, programs and documentation that enables various types of
simulations and provides information about the model's structure.
January 9, 2020 - Minutes of the Board's discount rate meetings from November 4
and December 11, 2019.
January 9, 2020 - Statistical Release - Large Commercial Banks - The Federal
Reserve Board compiles quarterly data on domestically chartered insured
commercial banks that have consolidated assets of $300 million or more and
releases the data about twelve weeks after the end of each quarter.
January 9, 2020 - Speech by Vice Chair Clarida on the U.S. economic outlook and
monetary policy At the C. Peter McColough Series on International Economics,
Council on Foreign Relations, New York, New York.
January 9, 2020 - Federal Reserve Board issues enforcement action with United
Bank of El Paso del Norte.
January 8, 2020 - Civil Money Penalties : Notice Adjusting Maximum Civil Money
Penalties for 2020 - On December 30, 2019, the Office of the Comptroller of the
Currency published in the Federal Register the attached notice to adjust the
maximum amount of each civil money penalty within its jurisdiction pursuant to
the Federal Civil Penalties Inflation Adjustment Act of 1990, as amended by the
Federal Civil Penalties Inflation Adjustment Act Improvements Act of 2015.
January 8, 2020 - Employment Contracts, Mutual-to-Stock Conversions, and
Technical Amendments : Notice of Proposed Rulemaking - On January 8, 2020, the
Office of the Comptroller of the Currency issued a proposed rule to address
recommendations from the Economic Growth and Regulatory Paperwork Reduction Act
report issued in March 2017.
January 8, 2020 - Raising the Inflation Target: Lessons from Japan - Equilibrium
real interest rates across the world, including in the United States, have
declined over the past few decades and are expected to stay at low levels going
forward. All else equal, lower equilibrium real interest rates imply that the
policy rate will be constrained by the effective lower bound more frequently.
January 8, 2020 - Statistical Release - Consumer Credit - G.19 - In November,
consumer credit increased at a seasonally adjusted annual rate of 3-1/2 percent.
Revolving credit decreased at an annual rate of 2-3/4 percent, while
nonrevolving credit increased at an annual rate of 5-3/4 percent.
January 8, 2020 - Why Has Wage Growth Been Subdued in the Advanced Foreign
Economies? - Stephen Lin, Kaede Johnson, and Tyler Powell - In recent years,
nominal wage growth has remained relatively subdued in a number of advanced
foreign economies, even as labor markets have tightened substantially.
January 8, 2020 - Monetary Policy Space in a Recession: Some Simple Interest
Rate Arithmetic - Nominal interest rates are low by historical standards. In
October 2019, nominal interest rates from the overnight to a 10-year maturity
averaged between 1.5 and 2 percent.
January 8, 2020 - Short-term Planning, Monetary Policy, and Macroeconomic
Persistence - Christopher Gust, Edward Herbst, and David L�pez-Salido - This
paper uses aggregate data to estimate and evaluate a behavioral New Keynesian
model in which households and firms plan over a finite horizon.
January 8, 2020 - Speech by Governor Brainard on strengthening the Community
Reinvestment Act by staying true to its core purpose At the Urban Institute,
January 7, 2020 - NCUA�s 2020 Supervisory Priorities Include BSA Compliance,
Consumer Protection, Cybersecurity - The National Credit Union Administration
today issued its annual letter to credit unions listing its 2020 supervisory
priorities as well as updates on regulations and the agency�s modernization
January 6, 2020 - Brian James Selected to be Deputy Comptroller for the Central
District - In this role, Mr. James will oversee 320 community banks and federal
savings associations and manage more than 380 examiners and other professional
personnel who ensure the financial institutions they supervise operate in a
safe, sound, and fair manner.
January 3, 2020 - 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. The
list covers evaluation ratings that the FDIC assigned to institutions in October
January 3, 2020 - Monetary Policy and Birth Rates: The Effect of Mortgage Rate
Pass-Through on Fertility - Fergus Cumming and Lisa Dettling - Abstract: This
paper examines whether monetary policy pass-through to mortgage interest rates
affects household fertility decisions.
January 3, 2020 - FOIA - Chair Powell's calendar, November 2019.
January 3, 2020 - Minutes of the Federal Open Market Committee, December 10-11,
2019 - The Federal Reserve Board and the Federal Open Market Committee on Friday
released the attached minutes of the Committee meeting held on December 10-11,
January 2, 2020 - OCC Releases 2020 Schedule of Workshops for Directors
and Senior Management of National Community Banks and Federal Savings
Associations - The OCC examiner-led workshops provide practical training
and guidance to directors of national community banks and federal
savings associations to support the safe and sound operation of
community-based financial institutions.
January 2, 2020 - 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 December 1, 2019
through December 31, 2019.