Yennik, Inc. has clients in 43 states that
rely on our penetration testing 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).
The penetration audit and Internet security testing
is an affordable-sophisticated process than goes far beyond the simple scanning
of ports. The audit
a hacker's perspective, which will help
you identify real-world weaknesses.
For more information, give R. Kinney Williams a call today at 806-798-7119 or
CELL PHONE APP FOR CLOSED BANKS AND NEWSLETTER
To get the app for the Android phone and tablet, go to the applicable
app store and search for yennik.
June 30, 2014 - Federal Reserve announces civil money penalty
and issues cease and desist order against BNP Paribas, S.A. -
The Federal Reserve on Monday announced a $508 million penalty
against BNP Paribas, S.A., Paris, France--the largest penalty
ever assessed by the agency--for violations of U.S. sanctions
June 30, 2014 - Midwest Economic Growth Increased in May - The
Midwest Economy Index was +0.41 in May, up from +0.11 in April.
- Led by improvements in the manufacturing sector, the Midwest
Economy Index increased to +0.41 in May from +0.11 in April,
reaching its highest level since December 2013.
June 30, 2014 - NCUA Chief Economist: Economy Growing, but Watch
Out for Interest Rate Risk - It took more than six years, but
America’s economy has regained all the jobs lost during the
Great Recession and its aftermath, according to an analysis by
the National Credit Union Administration, which is featured in
the agency’s latest online economic update.
June 30, 2014 - NCUA Issues Prohibition Orders - The National
Credit Union Administration has issued six orders in June
prohibiting the following individuals from participating in the
affairs of any federally insured financial institution:
June 30, 2014 - OCC Hosts Mutual Savings Association Advisory
Committee Meeting - The Office of the Comptroller of the
Currency today announced it will host a public meeting of the
Mutual Savings Association Advisory Committee on Wednesday, July
23, 2014, in Washington, D.C.
June 30, 2014 - Fed’s Williams on Accommodative Stance: “The
Bottom Line is, it has Worked” - The Federal Reserve’s continued
accommodation has been absolutely the right stance to take, John
C. Williams, president and CEO of the San Francisco Federal
Reserve said today.
June 30, 2014 - Hispanic Population’s Share of Wealth Likely to
Increase by 2025 - Wealth owned by Hispanic families could
triple within 10 years if trends observed in the past two
decades resume, according to new analysis from the Center for
Household Financial Stability at the Federal Reserve Bank of St.
June 30, 2014 - Basel Coordination Committee Bulletins -
Supervisory Guidance for Data, Modeling, and Model Risk
Management Under the Operational Risk Advanced Measurement
Approaches - The following Basel Coordination Committee
Bulletins provide examination guidance relating to the
implementation of the advanced approaches risk-based capital
June 30, 2014 - Repurchase Agreements in the Financial Accounts
of the United States - Runs on a variety of short-term funding
markets were central to the financial crisis of 2007 to 2009.
One of the main culprits was the market for security repurchase
agreements, commonly referred to as RPs or repo (Gorton and
Metrick, 2012; Krishnamurthy and Nagel, 2012; Krishnamurthy,
Nagel, and Orlov, 2013).
June 30, 2014 - FRB/US Model - Updated databases - 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. The package contains the following files and
June 30, 2014 - Survey of Terms of Business Lending - MAY 5-9,
June 30, 2014 - Quarterly Transaction Data - Discount Window
Lending Data, Second Quarter 2012.
June 30, 2014 - Federal Reserve Board announces approval of
application by First Interstate BancSystem - The Federal Reserve
Board on Monday announced its approval of the application under
section 3 of the Bank Holding Company Act by First Interstate
BancSystem, Inc., Billings, Montana, to merge with Mountain West
Financial Corp. and thereby indirectly acquire Mountain West
Bank, N.A., both of Helena, Montana.
June 30, 2014 - Agencies release list of distressed or
underserved nonmetropolitan middle-income geographies - The
Board of Governors of the Federal Reserve System, the Federal
Deposit Insurance Corporation, and the Office of the Comptroller
of the Currency today announced the availability of the 2014
list of distressed or underserved nonmetropolitan middle-income
geographies, where revitalization or stabilization activities
will receive Community Reinvestment Act consideration as
"community development." Press Release:
June 27, 2014 - NCUA - Obama: Credit Unions “Support Americans
as They Strive to Reach Their Financial Dreams” - Presidential
Message Memorializes 80th Anniversary of Federal Credit Union
Act - The White House has issued a Message from the President
about the 80th anniversary of the Federal Credit Union Act,
praising credit unions for their dedication to providing
affordable financial services.
June 27, 2014 - Alva State Bank & Trust Company, Alva, Oklahoma,
Assumes All of the Deposits of The Freedom State Bank, Freedom,
Oklahoma - The Freedom State Bank, Freedom, Oklahoma, was closed
today by the Oklahoma State Banking Department, which appointed
the Federal Deposit Insurance Corporation as receiver. To
protect the depositors, the FDIC entered into a purchase and
assumption agreement with Alva State Bank & Trust Company, Alva,
Oklahoma, to assume all of the deposits of The Freedom State
June 27, 2014 - FDIC Makes Public May Enforcement Actions - The
FDIC issued a total of 39 orders. The orders included: two
consent orders; one prompt corrective action directive; seven
removal and prohibition orders; seven section 19 orders; three
civil money penalties; 16 orders terminating consent orders and
cease and desist orders; one order dismissing notice of
assessment of civil money penalties and order to pay; one order
terminating supervisory prompt corrective action directive; and
one final order of dismissal.
June 27, 2014 - Advanced Notice of a Meeting under Expedited
Procedures - Will be held on July 1, 2014. Discussion of
Proposed Semiannual Monetary Policy Report to the Congress.
June 27, 2014 - The Federal Deposit Insurance Corporation (FDIC)
today released a list of orders of administrative enforcement
actions taken against banks and individuals in May. No
administrative hearings are scheduled for July 2014.
June 26, 2014 - Mortgage Performance Improvement Continues, OCC
Reports - The performance of first-lien mortgages serviced by
large national and federal savings banks improved in the first
quarter of 2014, according to a report released today by the
Office of the Comptroller of the Currency.
June 26, 2014 - Financial Market Stress Sets Another Record Low
- The St. Louis Fed Financial Stress Index fell to a record low
for the third out of the past four weeks. For the week ending
June 20, 2014, the STLFSI measured -1.332, down from the
previous week’s revised value of -1.311.
June 26, 2014 - Notice of a Meeting under Expedited Procedures -
Held on June 26, 2014. Discussion of Proposed Enforcement
Matter. - On Thursday, June 26, 2014 at 11:00 AM, a meeting of
the Board of Governors of the Federal Reserve System was held
under expedited procedures, as set forth in section 26lb.7 of
the Board's Rules Regarding Public Observation of Meetings, at
the Board's offices at 20th and C Streets, N.W., Washington,
D.C., to consider the following matters of official Board
business Proposed Enforcement Matter.
June 26, 2014 - Frequently Asked Questions - Implementation of
Regulation YY Enhanced Prudential Standards for Foreign Banking
Organizations - The frequently asked questions below are based
on questions received by Board staff during an industry outreach
call and other questions the Federal Reserve has received from
foreign banking organizations.
June 26, 2014 - Data now available for use evaluating the
individual systemic footprint of 33 large U.S. bank holding
companies - The Federal Reserve Board today announced the
availability of data that can be used to evaluate the individual
systemic footprint of 33 large U.S. bank holding companies.
June 26, 2014 - NCUA Marks 80th Anniversary of Federal Credit
Union Act - Agency Offers Video, Graphics and Other Resources to
Credit Unions - Born out of the Great Depression, America’s
credit union system has grown larger and stronger in the past 80
years, NCUA Board Chairman Debbie Matz said today as the agency
released material marking the anniversary of the Federal Credit
June 26, 2014 - NCUA Premieres New Consumer Compliance
Regulatory Resource for Credit Unions - Critical Regulatory
Information Consolidated on Easy-to-Use Webpage - To help credit
unions comply with the new mortgage rules and other consumer
lending rules required by the Dodd-Frank Wall Street Reform and
Consumer Protection Act and other laws, the National Credit
Union Administration unveiled a new webpage today.
June 25, 2014 - Manufacturing Research and Development Leading
in Midwest - In a recent blog posting, Chicago Fed’s William
Testa discusses innovation in the Midwest manufacturing
June 25, 2014 - NCUA - Metsger Talks Capital, Risk and Balance -
Balance is the key to effective regulation, particularly in
issues of capital and risk, National Credit Union Administration
Board Member Rick Metsger said Monday.
June 25, 2014 - OCC Report Examines Risks Facing National Banks
and Federal Savings Associations - Competitive pressures, and
strategic and operational risks top the semiannual list of
supervisory concerns in a report released today by the Office of
the Comptroller of Currency.
June 25, 2014 - Proposed Regulatory Capital Reporting Changes -
The federal banking agencies are requesting comments on proposed
revisions to the risk-weighted assets portion of Schedule RC-R,
Regulatory Capital, of the Consolidated Reports of Condition and
June 25, 2014 - Statistical Release - Structure and Share Data
for U.S. Banking Offices of Foreign Entities - Statistical
Release Structure and Share Data for U.S. Banking Offices of
June 25, 2014 - Governor Daniel K. Tarullo - Stress Testing
after Five Years - At the Federal Reserve Third Annual Stress
Test Modeling Symposium, Boston, Massachusetts.
June 25, 2014 - Federal Reserve Board announces money penalty
and issues consent order against Regions Bank - The Federal
Reserve Board on Wednesday announced that Regions Bank,
Birmingham, Alabama, will pay a $46 million penalty for
misconduct related to the process followed by the bank in the
first quarter of 2009 for identifying and reporting non-accrual
June 24, 2014 - Economic Growth Forecasts - Views from the
Automotive Sector - Chicago Fed Letter reports symposium
forecasts for the auto sector and U.S. economy through 2015.
June 24, 2014 - Little Rock Burgundy Book: Economic Conditions
Improve in the Little Rock Zone - The near-term outlook for the
Little Rock zone improved modestly according to a May survey of
business contacts. Roughly two-thirds expect economic conditions
in 2014 to be better or somewhat better than they were in 2013.
June 24, 2014 - Memphis Burgundy Book: Despite Improvement,
Contacts Are Less Optimistic About 2014 Prospects - Our
quarterly survey of business contacts revealed a slightly less
optimistic view of economic conditions in 2014 than three months
earlier. Nearly one in five respondents expects conditions this
year to be worse than last year.
June 24, 2014 - Louisville Burgundy Book: Despite Slower Growth,
Louisville Business Contacts Remain Optimistic - A survey of
Louisville zone business contacts showed modestly higher levels
of optimism about the economy in 2014 than existed three months
June 24, 2014 - St. Louis Burgundy Book: Mixed Bag: Business
Optimism, Job Growth, but Higher Unemployment - Similar to our
February survey, a majority of St. Louis-area business contacts
continue to expect that local economic conditions in 2014 will
be better than last year.
June 24, 2014 - The Federal Financial Institutions Examination
Council today launched a Web page on cybersecurity. The Web page
is a central repository for current and future FFIEC-related
materials on cybersecurity.
June 24, 2014 - Taxes and International Risk Sharing - Brendan
Epstein, Rahul Mukherjee, and Shanthi P. Ramnath - We examine
the extent to which differences in international tax rates may
account for the small correlations of per capita consumption
fluctuations across countries.
June 24, 2014 - The Energy Boom and Manufacturing in the United
States - William R. Melick - This paper examines the response of
U.S. manufacturers to changes in competitiveness brought about
by movements in the price of natural gas. I estimate the
response of various measures of manufacturing activity using
panel regression methods across roughly 80 industries that allow
each industry's response to vary with its energy intensity.
June 24, 2014 - Flights to Safety - Lieven Baele, Geert Bekaert,
Koen Inghelbrecht, and Min Wei - Using only daily data on bond
and stock returns, we identify and characterize flight to safety
episodes for 23 countries.
June 24, 2014 - Relative Liquidity and Future Volatility -
Marcela Valenzuela, Ilknur Zer, Piotr Fryzlewicz, and Thorsten
Rheinlander - The main contribution of this paper is to identify
the strong predictive power of the relative concentration of
depth provision, rather than volume of orders, over volatility.
June 24, 2014 - Navigating Constraints: The Evolution of Federal
Reserve Monetary Policy, 1935-59 - Mark A. Carlson and David C.
Wheelock - The 1950s are often pointed to as a decade in which
the Federal Reserve operated a particularly successful monetary
June 24, 2014 - Behavioral Economics and Macroeconomic Models -
John C. Driscoll and Steinar Holden - Over the past 20 years,
macroeconomists have incorporated more and more results from
behavioral economics into their models.
June 24, 2014 - U.S. Unconventional Monetary Policy and
Transmission to Emerging Market Economies - David Bowman, Juan
M. Londono, and Haracio Sapriza - We investigate the effects of
U.S. unconventional monetary policies on sovereign yields,
foreign exchange rates, and stock prices in emerging market
economies, and we analyze how these effects depend on
June 24, 2014 - Understanding the Great Recession - Lawrence J.
Christiano, Martin S. Eichenbaum, and Mathias Trabandt - We
argue that the vast bulk of movements in aggregate real economic
activity during the Great Recession were due to financial
frictions interacting with the zero lower bound.
June 24, 2014 - The Decline of Drudgery and the Paradox of Hard
Work - Brendan Epstein and Miles S. Kimball - We develop a
theory that focuses on the general equilibrium and long-run
macroeconomic consequences of trends in job utility.
June 24, 2014 - Deleveraging: Is it over and what was it? -
Claudia Sahm - Anyone who has followed the commentary on
consumer spending in recent years has heard a lot about
household deleveraging. In my opinion, much of the deleveraging
talk shifts the focus from spending to debt without adding much
new on what is driving household behavior.
June 24, 2014 - Statistical Release - Finance Companies - G.20.
June 24, 2014 - Deadline extension for capital plan
resubmissions, no increased capital distribution until Federal
Reserve approves, for four firms - The Federal Reserve on
Tuesday announced that it has extended the deadline for capital
plan resubmissions by Citigroup, Inc., HSBC North America
Holdings, Inc., RBS Citizens, Inc., and Santander Holdings USA,
June 23, 2014 - Proposed Regulatory Capital Reporting Changes -
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, are requesting comment on proposed revisions to the
risk-weighted assets portion of Schedule RC-R, Regulatory
Capital, in the Consolidated Reports of Condition and Income.
June 23, 2014 - NCUA Hosting Webinar on Mobile Apps - Learn How
Mobile Applications Are Changing the Financial Services
Landscape - The growing use of mobile applications and the
rewards and risks associated with their usage will be discussed
during a free webinar, “Mobile Applications - The Next Step”
hosted by the National Credit Union Administration on Wednesday,
July 9, 2014, at 2 p.m. Eastern.
June 23, 2014 - Economic Growth Picked Up in May - The Chicago
Fed National Activity Index was +0.21 in May, up from –0.15 in
April. - Three of the four broad categories of indicators that
make up the index made positive contributions to the index in
May, and three of the four categories increased from April.
June 20, 2014 - NCUA - New NCUA Interest Rate Risk Resource Page
and Video Now Available - Interest rate risk poses a significant
threat to the credit union system, and the National Credit Union
Administration today launched a new web resource page for credit
unions to use to better understand and prepare for changes in
interest rates and the risk those changes present.
June 20, 2014 - OCC Enforcement Actions - 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.
June 20, 2014 - Landmark Bank, National Association, Fort
Lauderdale, Florida, Assumes All of the Deposits of Valley Bank,
Fort Lauderdale, Florida - Valley Bank, Fort Lauderdale,
Florida, was closed today by the Florida Office of Financial
Regulation, which appointed the Federal Deposit Insurance
Corporation as receiver. To protect the depositors, the FDIC
entered into a purchase and assumption agreement with Landmark
Bank, National Association, Fort Lauderdale, Florida, to assume
all of the deposits of Valley Bank.
June 20, 2014 - Great Southern Bank, Reeds Spring, Missouri,
Assumes All of the Deposits of Valley Bank, Moline, Illinois -
Valley Bank, Moline, Illinois, was closed today by the Illinois
Department of Financial & Professional Regulation – Division of
Banking, which appointed the Federal Deposit Insurance
Corporation as receiver. To protect the depositors, the FDIC
entered into a purchase and assumption agreement with Great
Southern Bank, Reeds Spring, Missouri, to assume all of the
deposits of Valley Bank.
June 20, 2014 - Legal Developments - Section 19 letters,
November 26, 2013, and April 30, 2014.
June 20, 2014 - Statistical Release - Household Debt Service and
Financial Obligations Ratios - Household debt service payments
and financial obligations as a percentage of disposable personal
income; seasonally adjusted.
June 20, 2014 - Credit and Liquidity Programs and the Balance
Sheet - Recent balance sheet trends, weekly chart data update.
June 19, 2014 - Financial Market Stress Falls to All-Time Low
for Second Time in Three Weeks - The St. Louis Fed Financial
Stress Index fell to an all-time low for the second time in
three weeks. For the week ending June 13, 2014, the STLFSI
measured -1.303, down modestly from the previous week’s revised
value of -1.264.
June 19, 2014 - Intercompany Income Tax Allocation Agreements -
Addendum to Policy Statement - The federal banking agencies have
approved an addendum that supplements and clarifies the 1998
Interagency Policy Statement on Income Tax Allocation in a
Holding Company Structure.
June 19, 2014 - Federal Reserve offers seven-day term deposits
through its Term Deposit Facility - On June 23, 2014, the
Federal Reserve will conduct a fixed-rate offering of term
deposits through its Term Deposit Facility. The Federal Reserve
will offer seven-day term deposits with an interest rate of
0.28000 percent and a maximum tender amount of $10,000,000,000.
June 19, 2014 - NCUA - Senate Confirms McWatters to NCUA Board -
The U.S. Senate today confirmed J. Mark McWatters as a National
Credit Union Administration Board Member.
June 19, 2014 - NCUA - June 2014 Board Meeting: NCUA Board
Proposes Allowing Credit Unions to Securitize their Own Assets -
The National Credit Union Administration Board convened its
sixth scheduled open meeting of 2014 at the agency’s
headquarters here today.
June 18, 2014 - Office of the Comptroller of the Currency Hosts
Ohio Workshop for New and Experienced Bank Directors - The
Office of the Comptroller of the Currency will host a workshop
in Columbus, Ohio, at the Sheraton Columbus Hotel at Capitol
Square, July 28-30, for directors of national community banks
and federal savings associations.
June 18, 2014 - Federal Reserve issues FOMC statement -
Information received since the Federal Open Market Committee met
in April indicates that growth in economic activity has
rebounded in recent months. Labor market indicators generally
showed further improvement. The unemployment rate, though lower,
June 18, 2014 - Federal Reserve Board and Federal Open Market
Committee release economic projections from the June 17-18 FOMC
meeting - The attached table and charts released on Wednesday
summarize the economic projections and the target federal funds
rate projections made by Federal Reserve Board members and
Federal Reserve Bank presidents for the June 17-18 meeting of
the Federal Open Market Committee.
June 17, 2014 - The NCUA Report for June 2014 Now Available.
June 17, 2014 - NCUA Hosts Second Anti-Money Laundering Webinar
with OFAC and FinCEN - The National Credit Union Administration
will host part two of its webinar series, “How to Be in
Compliance with OFAC and FinCEN” on Wednesday, June 25, at 2
June 17, 2014 - OCC Hosts Risk Assessment and Compliance Risk
Workshops in Minneapolis - The Office of the Comptroller of the
Currency will host two workshops in Minneapolis, Minn., at the
Hyatt Regency Minneapolis, July 22-23, for directors of national
community banks and federal savings associations.
June 17, 2014 - Notice of a Meeting under Expedited Procedures -
Held on June 17, 2014. Discussion of Medium-Term Monetary Policy
June 17, 2014 - Federal Reserve Board issues enforcement action
with First Southern Bank.
June 16, 2014 - FDIC Releases Proposed Rulemaking to Amend
Annual Stress Test Rule - The Federal Deposit Insurance
Corporation today announced it is seeking comment on a notice of
proposed rulemaking amending the FDIC's Annual Stress Test rule.
The FDIC's NPR follows similar action by the Federal Reserve
Board and the Office of Comptroller of the Currency on June 12.
June 16, 2014 - Supervision Manual - Consumer Compliance
Handbook, June 2014 update.
June 16, 2014 - Notice of a Meeting under Expedited Procedures -
Was held on June 16, 2014. Review and determination by the Board
of Governors of the advance and discount rates to be charged by
the Federal Reserve Banks.
June 16, 2014 - Industrial production rose 0.6 percent in May
after having declined 0.3 percent in April. The decrease in
April was previously reported to have been 0.6 percent.
Manufacturing output increased 0.6 percent in May after having
moved down 0.1 percent in the previous month.
June 16, 2014 - Lael Brainard sworn in as member of the Board of
Governors of the Federal Reserve System, Jerome H. Powell sworn
in for second term, and Stanley Fischer sworn in as Vice
Chairman of the Board.
June 13, 2014 - Credit and Liquidity Programs and the Balance
Sheet - Recent balance sheet trends, weekly chart data update.
June 13, 2014 - Advanced Notice of a Meeting under Expedited
Procedures - Will be held on June 16, 2014. Review and
determination by the Board of Governors of the advance and
discount rates to be charged by the Federal Reserve Banks.
June 13, 2014 - Federal banking regulators finalize joint
supplemental guidance on income tax allocation agreements -
Federal banking regulators on Friday issued final supplemental
guidance on income tax allocation agreements involving holding
companies and insured depository institutions. An aim of the
guidance is to reduce confusion regarding ownership of tax
June 12, 2014 - Industrial Cities Initiative Profiled in New
Report - Posted on June 12, 2014 by Emily Engel - Community
Development and Policy Studies at the Chicago Fed recently
published profiles of a group of 10 cities that experienced
significant manufacturing job loss in recent decades.
June 12, 2014 - OCC Releases Proposed Rulemaking to Amend Annual
Stress Test Rule - This proposed rule would shift back the
timing of the annual stress testing cycle by approximately 90
days, and clarify that institutions covered by the Annual Stress
Test rule will not have to calculate their regulatory capital
ratios using the Basel III advanced approaches until the stress
testing cycle beginning on January 1, 2016.
June 12, 2014 - Financial Market Stress Rises Modestly over
Previous Week - The St. Louis Fed Financial Stress Index rose
modestly over the previous week. This was the first increase in
five weeks. For the week ending June 6, 2014, the STLFSI
measured -1.256, up from the previous week’s revised value of
-1.289. The STLFSI has been below zero for 127 consecutive
June 12, 2014 - Report to the Congress - Profitability of Credit
Card Operations of Depository Institutions, June 2014.
June 12, 2014 - Federal Reserve Board invites comment on
proposal to modify regulations for capital planning and stress
testing - The proposed rule would shift the start date of the
capital plan and stress test cycles from October 1 of a calendar
year to January 1 of the following calendar year.
June 12, 2014 - NCUA - Agenda for the 6/19/2014 NCUA Board
Meeting is Available.
June 11, 2014 - 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
Wednesday, June 25, 2014, in Dallas, Texas.
June 11, 2014 - *Media Advisory* A St. Louis Regional Economic
June 11, 2014 - Louise L. Roseman, Director, Division of Reserve
Bank Operations and Payment Systems - Statement for the Record
on currency developments and management of coin distribution -
Submitted to the Subcommittee on Monetary Policy and Trade,
Committee on Financial Services, U.S. House of Representatives,
June 10, 2014 - OCC Announces Executive Changes - Comptroller of
the Currency Thomas J. Curry today announced Jennifer Kelly will
succeed John Lyons as the agency’s Senior Deputy Comptroller for
Bank Supervision Policy and Chief National Examiner when Mr.
Lyons retires August 1.
June 10, 2014 - Frequently Asked Questions - Section 619 of the
Dodd-Frank Wall Street Reform and Consumer Protection Act.
June 10, 2014 - Federal Reserve Board issues enforcement action
with Allied First Bancorp.
June 9, 2014 - FDIC Announces Improvements to Deposit Insurance
Education Materials - The Federal Deposit Insurance Corporation
today announced significant new improvements to the deposit
insurance education materials available on the FDIC's website.
June 9, 2014 - Governor Daniel K. Tarullo - Corporate Governance
and Prudential Regulation - At the Association of American Law
Schools 2014 Midyear Meeting, Washington, D.C.
June 9, 2014 - St. Louis Fed’s Bullard Discusses Stance of
Monetary Policy, Economy Relative to Pre-Crisis Levels - Federal
Reserve Bank of St. Louis President James Bullard discussed “How
Far Is the FOMC from Its Goals?” at the Tennessee Bankers
Association’s annual meeting on Monday.
June 9, 2014 - Deputy Comptroller Addresses Veterans Association
of Real Estate Professionals - Deputy Comptroller for Community
Affairs Barry Wides today discussed programs and initiatives to
support and protect the banking needs of U.S. servicemembers and
veterans in remarks before the Veterans Association of Real
June 6, 2014 - After Detroit: How Will Illinois and Its
Communities Respond? - Chicago Fed Letter explores how Chicago
and other municipalities are avoiding and resolving fiscal
stress following Detroit’s bankruptcy.
June 6, 2014 - Housing Market Conditions Continue To Improve
During First Quarter 2014 - Housing market conditions continued
to improve across states that comprise the St. Louis Fed's
Eighth District during the first quarter of 2014, with mortgage
delinquencies declining for the fourth quarter in a row and home
prices rising slightly in all states except one, according to
the St. Louis Fed’s latest Housing Market Conditions report.
June 6, 2014 - The Welfare Costs of Skill-Mismatch Employment -
David M. Arseneau and Brendan Epstein - Skill-mismatch
employment occurs when high-skilled individuals accept
employment in jobs for which they are over-qualified. These
employment relationships can be beneficial because they allow
high-skilled individuals to more rapidly transition out of
June 6, 2014 - Bank Failure, Relationship Lending, and Local
Economic Performance - John Kandrac - Whether bank failures have
adverse effects on local economies is an important question for
which there is conflicting and relatively scarce evidence.
June 6, 2014 - When are the Effects of Fiscal Policy Uncertainty
Large? - Benjamin K. Johannsen - Using a new-Keynesian model
with endogenous capital accumulation, I show that uncertainty
about fiscal policy can cause large declines in consumption,
investment, and output when the zero lower bound binds, but has
modest effects when the monetary authority is not constrained by
June 6, 2014 - Credit and Liquidity Programs and the Balance
Sheet - Recent balance sheet trends, weekly chart data update.
June 6, 2014 - Governor Jerome H. Powell - A Conversation on
Central Banking Issues- At the 2014 Spring Membership Meeting,
Institute for International Finance, London, United Kingdom
June 6, 2014 - Federal Reserve Board announces appointment of
Eric S. Belsky as Director of the Division of Consumer and
Community Affairs - The Federal Reserve Board on Friday
announced the appointment of Eric S. Belsky as Director of the
Division of Consumer and Community Affairs. He is expected to
start at the Board in August.
June 5, 2014 - Financial Market Stress Falls to Its Lowest Level
on Record - The St. Louis Fed Financial Stress Index fell to its
lowest level on record (back to December 1993) for the week
ending May 30, 2014. In the current reporting week, the STLFSI
measured -1.281, down modestly from the previous week’s revised
value of -1.237.
June 5, 2014 - Summary of Deposits Survey - Filing for June 30,
2014 - The Summary of Deposits is the annual survey of branch
office deposits as of June 30 for all FDIC-insured institutions,
including insured U.S. branches of foreign banks.
June 5, 2014 - Statistical -Financial Accounts of the United
States - Z.1.
June 5, 2014 - Federal Open Market Committee announces its
tentative meeting schedule for 2015.
June 5, 2014 - May NCUA Board Meeting Video Now Available Online
June 5, 2014 - NCUA: State Data Show Loan, Membership Growth
Gain Speed in First Quarter 2014 - A new analysis of state-level
data by the National Credit Union Administration shows several
key performance measures, particularly loan and membership
growth, rising at federally insured credit unions in the year
ending March 31, 2014.
June 5, 2014 - Federal Reserve Board announces termination of
enforcement actions with Anchor Commercial Bank, Columbia
Commercial Bancorp, Patriot Bancshares, Inc., and Patriot
Holdings Nevada, Inc.
June 4, 2014 - Update on Financial Conditions - The NFCI and
ANFCI were little changed in May, with both indexes continuing
to indicate looser-than-average financial conditions.
June 4, 2014 - OCC Hosts Risk Assessment and Credit Risk
Workshops in Seattle - The Office of the Comptroller of the
Currency will host two workshops in Seattle at the Westin
Seattle, July 8-9, for directors of national community banks and
federal savings associations.
June 4, 2014 - Federal Reserve Releases June Beige Book and
Related Sound Clip - Audio highlights of the Federal Reserve's
Beige Book, which summarize economic conditions for the United
States as a whole and the Fed's Eighth District, are available
for downloading. The entire Beige Book audio clip is produced in
June 4, 2014 - 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.
June 4, 2014 - Beige Book - Informal review by the Federal
Reserve Banks of current economic conditions in their Districts.
June 4, 2014 - Monetary Policy and Real Borrowing Costs at the
Zero Lower Bound - Simon Gilchrist, David Lopez-Salido, and Egon
Zakrajsek - This paper compares the effects of conventional
monetary policy on real borrowing costs with those of the
unconventional measures employed after the target federal funds
rate hit the zero lower bound.
June 4, 2014 - Assessing the Effects of the Zero-Interest-Rate
Policy through the Lens of a Regime-Switching DSGE Model - Han
Chen - Standard dynamic stochastic general equilibrium (DSGE)
models assume a Taylor rule and forecast an increase in interest
rates immediately after the 2007-2009 economic recession given
the predicted output and inflation, contradictory to the
extended period of near-zero interest rate policy conducted by
the Federal Reserve.
June 4, 2014 - Federal bank regulatory agencies seek comment on
interagency effort to reduce regulatory burden - The federal
bank regulatory agencies today published the first of a series
of requests for comments to identify outdated, unnecessary, or
unduly burdensome regulations imposed on insured depository
June 3, 2014 - NCUA - Bruns Selected as NCUA Deputy Inspector
General - National Credit Union Administration Inspector General
James Hagen today announced the selection of William Bruns as
the agency’s next Deputy Inspector General.
June 3, 2014 - NCUA: Credit Union Expansion Continued during
First Quarter - Higher Interest Rates and Long-Term Investment
Growth Remain of Concern - America’s credit union system
continued to grow during the first quarter of 2014, although
higher interest rates during the first quarter that slowed
mortgage originations and ongoing growth in long-term
investments are still concerns, the National Credit Union
Administration reported today.
June 3, 2014 - Sovereign Debt Crises - Ricardo Correa and
Horacio Sapriza - Sovereign debt crises have been recurrent
events over the past two centuries. In recent years, the timing
of sovereign crises has coincided or has directly followed
June 3, 2014 - Legal Interpretations - Bank Holding
Companies/Savings and Loan Holding Companies/Change in Control.
June 3, 2014 - Federal Reserve announces new schedule of margins
applicable for collateral pledged by depository institutions -
Federal Reserve announces new schedule of margins applicable for
collateral pledged by depository institutions.
June 3, 2014 - Federal Reserve Board issues enforcement action
with CBOA Financial, Inc., and announces termination of
enforcement action with Foundation Bancorp, Inc.
June 2, 2014 - Chicago Fed Symposium Economic Outlook for
2014-2015 - Solid and improving economic growth expected,
according to Chicago Fed Automotive Outlook Symposium
June 2, 2014 - OCC Releases CRA Evaluations for 36 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 May 1, 2014 through May 31, 2014.
June 2, 2014 - OCC Seeks Members for Its Minority Depository
Institutions Advisory Committee - The Office of the Comptroller
of the Currency is seeking nominations for members for its
Minority Depository Institutions Advisory Committee.
June 2, 2014 - OCC Seeks Members for Its Mutual Savings
Association Advisory Committee - The Office of the Comptroller
of the Currency is seeking nominations for members for its
Mutual Savings Association Advisory Committee.
June 2, 2014 - OCC Issues Third Quarter CRA Evaluation Schedule.
June 2, 2014 - Regulatory Reform - Communications with the
public through June 2, 2014 - The Federal Reserve Board will be
involved in many rulemakings to implement the Dodd-Frank Wall
Street Reform and Consumer Protection Act of 2010. During the
rulemaking process, meetings will take place between the Board
and the public--representatives of bank organizations, consumer
groups, trade associations, researchers and academics--that
allow the Board to gather information and help educate the
public on matters subject to agency rulemaking.
June 2, 2014 - Notice of a Meeting under Expedited Procedures -
On Monday, June 2, 2014 at 11:30 AM, a meeting of the Board of
Governors of the Federal Reserve System was held under expedited
procedures, as set forth in section 26lb.7 of the Board's Rules
Regarding Public Observation of Meetings, at the Board's offices
at 20th and C Streets, N.W., Washington, D.C., to consider the
following matters of official Board business.
June 2, 2014 - The effect of labor slack on wages: Evidence from
state-level relationships - Christopher L. Smith - Over the past
several years, increases in most broad measures of wages have
been quite muted, which many would consider symptomatic of weak
demand for labor.
June 2, 2014 - Using cross-state variation to assess the
potential for additional improvement in measures of labor market
conditions - While the national unemployment rate and the
monthly change in payroll employment receive considerable
attention among analysts seeking to assess the current state of
the labor market, a broader range of labor market indicators are
potentially also useful.