Virtual/remote audits - I am performing virtual/remote FFIEC IT/AIO audits for banks and credit unions. I am a former bank examiner with 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.z

January 27, 2023 - FDIC Makes Public December Enforcement Actions - The Federal Deposit Insurance Corporation (FDIC) today released a list of orders of administrative enforcement actions taken against banks and individuals in December 2022. https://www.fdic.gov/news/press-releases/2023/pr23006.html

January 26, 2023 - Tenth District Manufacturing Activity Was Flat - Regional factory activity was basically flat in January. www.kansascityfed.org/surveys/manufacturing-survey/tenth-district-manufacturing-activity-was-flat/

January 26, 2023 - FDIC Announces Senior Leadership Changes in Division of Risk Management Supervision - The Federal Deposit Insurance Corporation today announced the appointments of two senior leaders within the agencys Division of Risk Management Supervision. www.fdic.gov/news/press-releases/2023/pr23005.html

January 24, 2023 - Statistical Release - Money Stock Measures - H.6 Release.  www.federalreserve.gov/releases/h6/current/default.htm

January 24, 2023 - Federal Reserve Board announces it has fined Popular Bank $2.3 million for processing six Paycheck Protection Program loans despite having detected that the loan applications contained significant indications of potential fraud.  www.federalreserve.gov/newsevents/pressreleases/enforcement20230124a.htm

January 23, 2023 - OCC Solicits Research on Emerging Risks in the Banking System - The Office of the Comptroller of the Currency is soliciting academic research papers on emerging risks in the banking system or related policy and supervisory issues for submission by March 3, 2023. www.occ.gov/news-issuances/news-releases/2023/nr-occ-2023-10.html

January 23, 2023 - From the farm to the presidency - Read about Esther George's 40-plus-year career before she retires as president and CEO of the Kansas City Fed. www.kansascityfed.org/ten/from-the-farm-to-the-presidency/

January 23, 2023 - Martin J. Gruenberg Sworn in as 22nd FDIC Chairman Travis Hill Sworn in as Vice Chairman, Jonathan McKernan as Director.  www.fdic.gov/news/press-releases/2023/pr23004.html

January 23, 2023 - Speech by Governor Lisa D. Cook Remarks to Delta Sigma Theta At the 110 Years of Deltas Embracing the Past while Shaping the Future event, Norfolk, Virginia,   www.federalreserve.gov/newsevents/speech/cook20230121a.htm

January 20, 2023 - Valwood Park Federal Credit Union Conserved - The National Credit Union Administration today placed Valwood Park Federal Credit Union in Carrollton, Texas, into conservatorship. www.ncua.gov/newsroom/press-release/2023/valwood-park-federal-credit-union-conserved

January 20, 2023 - From the farm to the presidency - Esther George is retiring after more than 40 years with the Federal Reserve Bank of Kansas City. www.kansascityfed.org/ten/from-the-farm-to-the-presidency/

January 20, 2023 - Regulatory Relief: Guidance to Help Financial Institutions and Facilitate Recovery in Areas of Georgia Affected by Severe Storms, Straight-line Winds and Tornadoes.   www.fdic.gov/news/financial-institution-letters/2023/fil23005.html

January 20, 2023 - Statistical Release - Finance Companies - G.20. www.federalreserve.gov/releases/g20/20230120/

January 20, 2023 - Speech by Governor Christopher J. Waller - A Case for Cautious Optimism At the C. Peter McColough Series on International Economics, Council on Foreign Relations, New York, New York.  https://www.federalreserve.gov/newsevents/speech/waller20230120a.htm

January 20, 2023 - Recession Signals and Business Cycle Dynamics: Tying the Pieces Together - Michael T. Kiley - Examining a parsimonious, yet comprehensive, s3et of recession signals yields three lessons. https://www.federalreserve.gov/econres/feds/recession-signals-and-business-cycle-dynamics-tying-the-pieces-together.htm

January 20, 2023 - Who Pays For Your Rewards? Redistribution in the Credit Card Market - Sumit Agarwal, Andrea Presbitero, Andri F. Silva, Carlo Wix - We study credit card rewards as an ideal laboratory to quantify redistribution between consumers in retail financial markets. https://www.federalreserve.gov/econres/feds/who-pays-for-your-rewards-redistribution-in-the-credit-card-market.htm

January 20, 2023 - Monetary Policy and Home Buying Inequality - Daniel Ringo - Does monetary policy influence who becomes a home owner? Home purchases by low- and moderate- income households may be particularly sensitive to mortgage interest rates, as these households' budgets are tighter and they more frequently come up against binding payment-to-income ratio constraints in credit decisions. www.federalreserve.gov/econres/feds/monetary-policy-and-home-buying-inequality.htm

January 20, 2023 - Credit and Liquidity Programs and the Balance Sheet - Recent balance sheet trends, weekly chart update. www.federalreserve.gov/monetarypolicy/bst_recenttrends.htm
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January 19, 2023 - 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/2023/nr-occ-2023-9.html

January 19, 2023 - Structure and Share Data for U.S. Banking Offices of Foreign Entities - There are two reports showing the same structure and asset information for each U.S. office, but in different orders. Offices located in Puerto Rico, American Samoa, Guam, the Virgin Islands and other U.S.-affiliated insular areas are excluded. www.federalreserve.gov/releases/iba/default.htm

January 19, 2023 - Speech by Vice Chair Brainard on the economic outlook At the University of Chicago Booth School of Business, Chicago, Illinois.  www.federalreserve.gov/newsevents/speech/brainard20230119a.htm

January 18, 2023 - Tenth District Beige Book - Economic activity in the Tenth District continued to decline slightly through the end of 2022. www.kansascityfed.org/surveys/beige-book/tenth-district-beige-book/

January 18, 2023 - Regulatory Relief: Guidance to Help Financial Institutions and Facilitate Recovery in Areas of California Affected by Severe Winter Storms, Flooding, Landslides and Mudslides.  www.fdic.gov/news/financial-institution-letters/2023/fil23004.html

January 18, 2023 - Regulatory Relief: Guidance to Help Financial Institutions and Facilitate Recovery in Areas of Alabama Affected by Severe Storms, Straight-line Winds and Tornadoes.   www.fdic.gov/news/financial-institution-letters/2023/fil23003.html

January 18, 2023 - Beige Book - Informal review by the Federal Reserve Banks of current economic conditions in their Districts. www.federalreserve.gov/monetarypolicy/beigebook202301.htm

January 18, 2023 - Industrial Production and Capacity Utilization - G.17 - Industrial production decreased 0.7 percent in December and 1.7 percent at an annual rate in the fourth quarter. www.federalreserve.gov/releases/g17/Current/

January 18, 2023 - Beyond "Horizontal" and "Vertical": The Welfare Effects of Complex Integration - Margaret Loudermilk, Gloria Sheu, Charles Taragin - We study the welfare impacts of mergers in markets where some firms are already vertically integrated. www.federalreserve.gov/econres/feds/beyond-horizontal-and-vertical-the-welfare-effects-of-complex-integration.htm

January 18, 2023 - Chair Powell tested positive for COVID-19, is vaccinated, has mild symptoms, and is working remotely.  www.federalreserve.gov/newsevents/pressreleases/other20230118a.htm

January 17, 2023 - Federal Reserve Board announces approval of application by Bank of Montreal and BMO Financial Corp. - The Federal Reserve Board on Tuesday announced its approval of the application by Bank of Montreal, of Montreal, Canada, and BMO Financial Corp., of Wilmington, Delaware, to acquire BancWest Holding Inc., and thereby indirectly acquire Bank of the West, both of San Francisco, California. www.federalreserve.gov/newsevents/pressreleases/orders20230117a.htm

January 17, 2023 - Federal Reserve Board provides additional details on how its pilot climate scenario analysis exercise will be conducted and the information on risk management practices that will be gathered over the course of the exercise.  www.federalreserve.gov/newsevents/pressreleases/other20230117a.htm

January 13, 2023 - Growth in Tenth District Energy Activity Slowed - Fourth quarter energy survey results revealed that growth in Tenth District energy activity slowed and expectations for future activity remained positive. www.kansascityfed.org/surveys/energy-survey/growth-in-tenth-district-energy-activity-slowed/

January 13, 2023 Drivers of Post-pandemic Inflation in Selected Advanced Economies and Implications for the Outlook - Danilo Cascaldi-Garcia, Musa Orak, and Zina Saijid - With the reopening of economies from strict COVID-19 lockdowns and the war-induced sharp increases in food, energy, and other commodity prices, headline inflation has surged globally, as shown for a few selected advanced economies by the black line in the left panel of figure 1 through October 2022. www.federalreserve.gov/econres/notes/feds-notes/drivers-of-post-pandemic-inflation-in-selected-advanced-economies-and-implications-for-the-outlook-20230113.html

January 13 2023 - Credit and Liquidity Programs and the Balance Sheet - Recent balance sheet trends, weekly chart update.  www.federalreserve.gov/monetarypolicy/bst_recenttrends.htm

January 13, 2023 - Federal Open Market Committee - 2017 transcripts and related materials. www.federalreserve.gov/monetarypolicy/fomchistorical2017.htm

January 13, 2023 - 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/default.htm

January 13, 2023 - Federal Reserve Board releases results of survey of senior financial officers at banks about their strategies and practices for managing reserve balances - The Senior Financial Officer Survey is used 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. www.federalreserve.gov/newsevents/pressreleases/other20230113b.htm 

January 13, 2023 - Federal Reserve Board announces Reserve Bank income and expense data and transfers to the Treasury for 2022 - The Federal Reserve Board on Friday announced preliminary financial information indicating that the Federal Reserve Banks had estimated net income of $58.4 billion in 2022. www.federalreserve.gov/newsevents/pressreleases/other20230113a.htm

January 12, 2023 - Registration Open for OCC Symposium on Bank Mergers - The Office of the Comptroller of the Currency today announced registration is open for its symposium on bank mergers February 10, 2023, at its headquarters in Washington, D.C. www.occ.gov/news-issuances/news-releases/2023/nr-occ-2023-6.html

January 12, 2023 - How Much Have Record Corporate Profits Contributed to Recent Inflation? - Firms raised markups during 2021 in anticipation of future cost pressures, contributing substantially to inflation. www.kansascityfed.org/research/economic-review/how-much-have-record-corporate-profits-contributed-to-recent-inflation/

January 11, 2023 - Federal Reserve Bank of Chicago Announces the Re-election of Two Directors, Election of One Director, Appointment of One Director, Appointment of the Board Chair and Deputy Chair, Re-appointment of One Detroit Branch Director, Appointment of Two Detroit Branch Directors, Appointment of the Detroit Branch Chair, and Re-appointment of the Federal Advisory Council Representative www.chicagofed.org/publications/news/2022/chicago-fed-announces-chicago-detroit-directors
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January 12, 2023 - OCC Issues Revisions to Fair Lending Booklet - The Fair Lending booklet provides information and examination procedures to assist OCC examiners in assessing fair lending risk and evaluating compliance with the Fair Housing Act, the Equal Credit Opportunity Act, and ECOAs implementing regulation, Regulation B. www.occ.gov/news-issuances/news-releases/2023/nr-occ-2023-5.html

January 12, 2023 - Fair Lending: Revised Comptrollers Handbook Booklet and Rescissions - his booklet provides information and examination procedures to assist OCC examiners in assessing fair lending risk and evaluating compliance with the Fair Housing Act, Equal Credit Opportunity Act, and Regulation B, the consumer protection regulation that implements the Equal Credit Opportunity Act. www.occ.gov/news-issuances/bulletins/2023/bulletin-2023-2.html

January 11, 2023 -OCC Announces Deputy Comptroller for Systemic Risk Identification and Support - The Office of the Comptroller of the Currency today announced Melissa Love-Greenfield as Deputy Comptroller for Systemic Risk Identification and Support within the Supervision Risk & Analysis division. www.occ.gov/news-issuances/news-releases/2023/nr-occ-2023-3.html

January 11, 2023 - OCC Releases CRA Evaluations for 22 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 September 1, 2022, through November 30, 2022. www.occ.gov/news-issuances/news-releases/2023/nr-occ-2023-4.html

January 11, 2023 - Report and Disclosures on Funding, Credit, Liquidity, and Loan Facilities - 2023 Reports to Congress Pursuant to Section 13(3) of the Federal Reserve Act in response to COVID-19.  www.federalreserve.gov/publications/reports-to-congress-in-response-to-covid-19.htm

January 10, 2023 - St. Louis Fed Little Rock Branch Announces Changes to Board of Directors - The Federal Reserve Bank of St. Louis has announced the following changes to its Little Rock Branch board of directors, effective Jan. 1: www.stlouisfed.org/news-releases/2023/01/10/st-louis-fed-little-rock-branch-announces-changes-to-board-of-directors

January 10, 2023 - 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: www.stlouisfed.org/news-releases/2023/01/10/st-louis-fed-announces-changes-to-board-of-directors

January 10, 2023 - George Makris Jr. Appointed to Federal Advisory Council - The board of directors of the Federal Reserve Bank of St. Louis has appointed George Makris Jr., chairman and CEO of Simmons First National Corp. in Pine Bluff, Ark., to serve on the Federal Advisory Council for a one-year term that ends Dec. 31, 2023. www.stlouisfed.org/news-releases/2023/01/10/george-makris-jr-appointed-to-federal-advisory-council

January 10, 2023 - St. Louis Fed Louisville Branch Announces Changes to Board of Directors - The Federal Reserve Bank of St. Louis has announced the following changes to its Louisville Branch board of directors, effective Jan. 1: www.stlouisfed.org/news-releases/2023/01/10/st-louis-fed-louisville-branch-announces-changes-to-board-of-directors

January 10, 2023 - St. Louis Fed Memphis Branch Announces Changes to Board of Directors - The Federal Reserve Bank of St. Louis has announced the following changes to its Memphis Branch board of directors, effective Jan. 1: www.stlouisfed.org/news-releases/2023/01/10/st-louis-fed-memphis-branch-announces-changes-to-board-of-directors

January 10, 2023 - Speech by Governor Michelle W. Bowman - Brief Remarks on the Economy and Bank Supervision At the Florida Bankers Association Leadership Luncheon Events, Miami, Florida.  www.federalreserve.gov/newsevents/speech/bowman20230110a.htm

January 10, 2023 - Speech by Chair Jerome H. Powell - Panel on "Central Bank Independence and the MandateEvolving Views" At the Symposium on Central Bank Independence, Sveriges Riksbank, Stockholm, Sweden.  www.federalreserve.gov/newsevents/speech/powell20230110a.htm

January 10, 2023 - Federal Reserve Board announces the designation of the Chairs and Deputy Chairs of the 12 Federal Reserve Banks for 2023.   www.federalreserve.gov/newsevents/pressreleases/other20230110a.htm

January 10, 2023 - Minutes of the Board's discount rate meetings on November 14 through December 14, 2022.  www.federalreserve.gov/newsevents/pressreleases/monetary20230110a.htm

January 9, 2023 - Regulatory Relief: Guidance to Help Financial Institutions and Facilitate Recovery in Areas of Florida Affected by Hurricane Nicole. www.fdic.gov/news/financial-institution-letters/2023/fil23002.html

January 9, 2023 - Statistical Release - Consumer Credit - G.19 - In November, consumer credit increased at a seasonally adjusted annual rate of 7.1 percent. www.federalreserve.gov/releases/g19/current/default.htm

January 6, 2023 - Employer Credit Checks: Poverty Traps versus Matching Efficiency - Banning pre-employment credit screening may help people improve bad credit scores but may reduce firms overall productivity. www.kansascityfed.org/research/research-working-papers/employer-credit-checks-poverty-traps-versus-matching-efficiency/

January 6, 2023 - Welfare and Spending Effects of Consumption Stimulus Policies - Christopher Carroll, Edmund Crawley, Ivan Frankovic, and Hȯakon Tretvoll - Using a heterogeneous agent model calibrated to match measured spending dynamics over four years following an income shock (Fagereng, Holm, and Natvik (2021)), we assess the effectiveness of three fiscal stimulus policies employed during recent recessions. www.federalreserve.gov/econres/feds/welfare-and-spending-effects-of-consumption-stimulus-policies.htm

January 6, 2023 - The Information Value of Past Losses in Operational Risk - Filippo Curti and Marco Migueis - Improving the performance of operational risk models allows banks management to make more informed risk decisions by better matching economic capital and risk appetite, and allows regulators to enhance their understanding of banks operational risk. www.federalreserve.gov/econres/feds/the-information-value-of-past-losses-in-operational-risk.htm

January 6, 2023 - Earnings Business Cycles: The Covid Recession, Recovery, and Policy Response - Jeff Larrimore, Jacob Mortenson, and David Splinter - Using a panel of tax data, we follow the earnings of individuals over business cycles. www.federalreserve.gov/econres/feds/earnings-business-cycles-the-covid-recession-recovery-and-policy-response.htm
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January 6, 2023 - FOIA - Chair Powell's calendar, November 2022.  www.federalreserve.gov/foia/chair-powell-calendar-112022.htm

January 6, 2023 - Credit and Liquidity Programs and the Balance Sheet - Recent balance sheet trends, weekly chart update. www.federalreserve.gov/monetarypolicy/bst_recenttrends.htm

January 6, 2023 - Speech by Governor Cook on inflation in a supply-constrained economy - Governor Lisa D. Cook At the 2023 Allied Social Science Associations Annual Meeting, New Orleans, Louisiana.  www.federalreserve.gov/newsevents/speech/cook20230106a.htm

January 5, 2023 - St. Louis Feds Bullard Presents The Prospects for Disinflation in 2023 - Federal Reserve Bank of St. Louis President James Bullard presented The Prospects for Disinflation in 2023 on Thursday at an event hosted by CFA Society St. Louis. www.stlouisfed.org/news-releases/2023/01/05/bullard-presents-the-prospects-for-disinflation-in-2023 ___________________________

January 5, 2023 - OCC Issues Annual Report for 2022 - The OCC Annual Report provides Congress with an overview of the condition of the federal banking system, discusses the OCC's strategic priorities and initiatives, and shares the agencys financial management and condition. www.occ.gov/news-issuances/news-releases/2023/nr-occ-2023-2.html

January 5, 2023 - St. Louis Feds Bullard Presents The Prospects for Disinflation in 2023 - Federal Reserve Bank of St. Louis President James Bullard presented The Prospects for Disinflation in 2023 on Thursday at an event hosted by CFA Society St. Louis. www.stlouisfed.org/news-releases/2023/01/05/bullard-presents-the-prospects-for-disinflation-in-2023

January 5, 2023 - Joint Statement on Crypto-Asset Risks to Banking Organizations - The Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, and the Office of the Comptroller of the Currency are issuing a joint statement on crypto-asset risks to banking organizations. www.fdic.gov/news/financial-institution-letters/2023/fil23001.html

January 5, 2023 - Martin J. Gruenberg Sworn in as 22nd FDIC Chairman Travis Hill Sworn in as Vice Chairman, Jonathan McKernan as Director - Travis Hill, who will serve as Vice Chairman, and Jonathan McKernan, who will serve as Director, were also sworn in as members of the FDICs Board of Directors. www.fdic.gov/news/press-releases/2023/pr23004.html

January 5, 2023 - Federal Reserve Board issues enforcement actions with former employee of Regional Acceptance Corporation and former employee of Central Savings Bank.   www.federalreserve.gov/newsevents/pressreleases/enforcement20230105a.htm

January 4, 2023 - FDIC Releases Public Resolution Plans for 21 Large Banks - The Federal Deposit Insurance Corporation today released the public sections of resolution plans of 21 large insured depository institutions due by December 1, 2022. www.fdic.gov/news/press-releases/2023/pr23003.html

January 4, 2023 - Bad News, Good News: Coverage and Response Asymmetries - Luca Gambetti, Nicolr Maffei-Faccioli, and Sarah Zoi - We study the dynamic link between economic news coverage and the macroeconomy. We construct two measures of media coverage of bad and good unemployment figures based on three major US newspapers. www.federalreserve.gov/econres/feds/bad-news-good-news-coverage-and-response-asymmetries.htm

January 4, 2023 - Manual - Financial Accounting Manual for Federal Reserve Banks - The Financial Accounting Manual for Federal Reserve Banks contains the accounting standards that should be followed by the Federal Reserve Banks. www.federalreserve.gov/aboutthefed/financial-accounting-manual-for-federal-reserve-banks.htm

January 4, 2023 - Minutes of the Federal Open Market Committee, December 13-14, 2022.  www.federalreserve.gov/newsevents/pressreleases/monetary20230104a.htm

January 3, 2023 - NCUA - Charles Vice Named Director, Financial Technology and Access - In this role, Mr. Vice will serve as the principal advisor to the NCUA Board on agency policy with respect to fintech, and fintech developments and transformation initiatives in the financial services sector, including cryptocurrency, blockchain, and distributed ledger technology. www.ncua.gov/newsroom/press-release/2023/charles-vice-named-director-financial-technology-and-access

January 3, 2023 - FDIC Issues List of Banks Examined for CRA Compliance - The list covers evaluation ratings that the FDIC assigned to institutions in October 2022. www.fdic.gov/news/press-releases/2023/pr23001.html

January 3, 2023 - The SNB-FRB-BIS High-Level Conference on Inflation Risk and Uncertainty - Danilo Cascaldi-Garcia, Juan M. Londono, and Beth Anne Wilson - Uncertainty about inflation has risen considerably across the globe since the start of the COVID-19 pandemic. www.federalreserve.gov/econres/notes/feds-notes/the-snb-frb-bis-high-level-conference-on-inflation-risk-and-uncertainty-20230103.html

January 3, 2023 - Statistical Release - Foreign Exchange Rates - G.5 - The table below shows the average rates of exchange in DECEMBER 2022 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

January 3, 2023 - Agencies issue joint statement on crypto-asset risks to banking organizations - Federal bank regulatory agencies today issued a statement highlighting key risks for banking organizations associated with crypto-assets and the crypto-asset sector and describing the agencies' approaches to supervision in this area.
Press Release: www.federalreserve.gov/newsevents/pressreleases/bcreg20230103a.htm
Press Release: www.fdic.gov/news/press-releases/2023/pr23002.html
Press Release: www.occ.gov/news-issuances/news-releases/2023/nr-ia-2023-1.html