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.

March 28, 2024 - FDIC Consumer Compliance Supervisory Highlights - The Federal Deposit Insurance Corporation today issued the March 2024 edition of the Consumer Compliance Supervisory Highlights. www.fdic.gov/news/press-releases/2024/pr24020.html

March 28, 2024 - Collecting Identifying Information Required Under the Customer Identification Program Rule - The FDIC is issuing this advisory to reemphasize the requirements under the Customer Identification Program Rule as it relates to collecting identifying information from customers. www.fdic.gov/news/financial-institution-letters/2024/fil24015.html
________________________

March 28, 2024 - NCUA Releases Fiscal Year 2023 OMWI Annual Report to Congress - The National Credit Union Administration released its Office of Minority and Women Inclusion Annual Report to Congress on the agency�s diversity, equity, inclusion, and accessibility programs and initiatives for fiscal year 2023. https://ncua.gov/newsroom/press-release/2024/ncua-releases-fiscal-year-2023-omwi-annual-report-congress

March 28, 2024 - Tenth District Manufacturing Activity Declined Further in March - Regional factory activity fell further in March, and expectations for future activity were again steady. www.kansascityfed.org/surveys/manufacturing-survey/tenth-district-manufacturing-activity-declined-further-in-march/

March 28, 2024 - Senior Credit Officer Opinion Survey, March 2024 - The Board of Governors of the Federal Reserve System and the Federal Reserve Bank of St. Louis's Federal Reserve Economic Data program are working together to expand options for finding, accessing, and visualizing data from the Board's Data Download Programin FRED. www.federalreserve.gov/data/scoos/scoos-202403.htm

March 27, 2024 - Preventing Elder Financial Exploitation Is Focus of Upcoming Web Event - From older investors getting hit by sophisticated internet swindles to grandparents writing checks to con artists who claim to represent charities, we�ve all heard stories of elders being taken for some portion of their hard-earned savings. www.chicagofed.org/publications/chicago-fed-insights/2024/preventing-elder-financial-exploitation-web-event

March 27, 2024 - OCC Reports Fourth Quarter 2023 Bank Trading Revenue - The Office of the Comptroller of the Currency reported cumulative trading revenue of U.S. commercial banks and savings associations of $11.6 billion in the fourth quarter of 2023. www.occ.gov/news-issuances/news-releases/2024/nr-occ-2024-35.html

March 27, 2024 - Market Structure of Core Banking Services Providers - Three core providers dominate the market for core banking systems for depository institutions. www.kansascityfed.org/research/payments-system-research-briefings/market-structure-of-core-banking-services-providers/

March 27, 2024 - Regional Firms Are Disagreeing About How to React to Current Economic Conditions - There is an increased level of disagreement among firms about their respective economic outlooks in the Tenth District region. www.kansascityfed.org/denver/rocky-mountain-economist/regional-firms-are-disagreeing-about-how-to-react-to-current-economic-conditions/

March 26, 2024 - Women in Banking Forum - Join other women leaders in the financial services sector for the Federal Reserve Bank of Kansas City�s Women in Banking Forum. This event is designed to bring together mid to senior level women leaders in the financial services industry and will include banking, economic, leadership, and professional development content to enhance your careers and networks. www.kansascityfed.org/events/2024-women-in-banking-forum/

March 26, 2024 - 2024 State of Economic Equity Report Examines Young Adults� Economic, Mental Health - The percentage of young people who have no wage income and the rate of depression among young adults are rising, potentially affecting their well-being, according to the 2024 State of Economic Equity report by the St. Louis Fed�s Institute for Economic Equity. www.stlouisfed.org/news-releases/2024/03/26-state-of-economic-equity-report

March 26, 2024 - Regulatory Relief: Guidance to Help Financial Institutions and Facilitate Recovery in Areas of Rhode Island Affected by Severe Storms and Flooding.  www.fdic.gov/news/financial-institution-letters/2024/fil24014.html

March 26, 2024 - Regulatory Relief: Guidance to Help Financial Institutions and Facilitate Recovery in Areas of Maine Affected by Severe Storms and Flooding.  www.fdic.gov/news/financial-institution-letters/2024/fil24013.html

March 26, 2024 - Federal Reserve Board releases annual audited financial statements - The Federal Reserve Board on Tuesday released the 2023 combined annual audited financial statements for the Federal Reserve Banks. www.federalreserve.gov/newsevents/pressreleases/other20240326a.htm

March 25, 2024 - Preventing Elder Financial Exploitation Is Focus of Upcoming Web Event - From older investors getting hit by sophisticated internet swindles to grandparents writing checks to con artists who claim to represent charities, we�ve all heard stories of elders being taken for some portion of their hard-earned savings. www.chicagofed.org/publications/chicago-fed-insights/2024/preventing-elder-financial-exploitation-web-event

March 25, 2024 - NCUA Releases 2023 Annual Report - The National Credit Union Administration today released its 2023 Annual Report(Opens new window), highlighting the agency�s activities, policy initiatives, and accomplishments for the past year. https://ncua.gov/newsroom/press-release/2024/ncua-releases-2023-annual-report

March 25, 2024 - Highlight: Increasing pressure on bank earnings performance - Bank earnings have been pressured by increased interest expenses, overhead costs, provisions, and realized losses on securities, as well as reduced non-interest income. www.kansascityfed.org/banking/community-banking-bulletins/highlight-increasing-pressure-on-bank-earnings-performance/

March 25, 2024 - Acting Comptroller Discusses Fairness and Compliance Risk Management - Acting Comptroller of the Currency Michael J. Hsu today discussed fairness and effective compliance risk management in remarks at CBA LIVE 2024, hosted by the Consumer Bankers Association. www.occ.gov/news-issuances/news-releases/2024/nr-occ-2024-34.html

March 25, 2024 - OCC Hosts Minority Depository Institutions Advisory Committee Meeting April 16 - The Office of the Comptroller of the Currency today announced it will host a public meeting of the Minority Depository Institutions Advisory Committee on Tuesday, April 16, 2024. www.occ.gov/news-issuances/news-releases/2024/nr-occ-2024-33.html

March 25, 2024 - Demand for U.S Banknotes at Home and Abroad: A Post-Covid Update - In principle, physical currency should be disappearing: payments are increasingly electronic, with new technologies emerging rapidly, and governments increasingly restrict large-denomination notes as a way to reduce crime and tax evasion. www.federalreserve.gov/econres/ifdp/demand-for-us-banknotes-at-home-and-abroad-a-post-covid-update.htm

March 25, 2024 - Statistical Release - Finance Companies - G.20 - Beginning with the April 2024 G.20 Finance Companies release, scheduled to be published in June, data for the Finance Companies New and Used Car Loan Terms of Credit series will be produced from Experian's Velocity Risk Report instead of Experian's Autocount Risk Report. www.federalreserve.gov/releases/g20/current/default.htm 

March 25, 2024 - Remarks by Governor Cook on the dual mandate and the balance of risks At Ec10b Principles of Economics Lecture, Department of Economics, Faculty of Arts and Sciences, Harvard University, Cambridge, Massachusetts. www.federalreserve.gov/newsevents/speech/cook20240325a.htm

March 22, 2024 - Preventing Elder Financial Exploitation Is Focus of Upcoming Web Event - From older investors getting hit by sophisticated internet swindles to grandparents writing checks to con artists who claim to represent charities, we�ve all heard stories of elders being taken for some portion of their hard-earned savings. www.chicagofed.org/publications/chicago-fed-insights/2024/preventing-elder-financial-exploitation-web-event

March 22, 2024 - The Federal Financial Institutions Examination Council�s member agencies are making several changes to the Uniform Bank Performance Report on or shortly after March 25, 2024. www.ffiec.gov/press/an032224.htm

March 22, 2024 - FDIC Special Committee of the Board of Directors Appoints Three Non-Voting Members - The Special Committee of the Federal Deposit Insurance Corporation Board of Directors appointed three non-voting members in its efforts to oversee an independent, third-party review of the agency's workplace culture. www.fdic.gov/news/press-releases/2024/pr24019.html

March 22, 2024 - Bank Holding Companies/Savings and Loan Holding Companies/Change in Control - 2024 Letters. www.federalreserve.gov/supervisionreg/legalinterpretations/bhc_changeincontrol2024.htm

March 22, 2024 - Statistical Release - Enhanced Financial Accounts, March 2024. www.federalreserve.gov/releases/efa/enhanced-financial-accounts.htm

March 22, 2024 - Credit and Liquidity Programs and the Balance Sheet - Recent balance sheet trends, weekly chart update. www.federalreserve.gov/monetarypolicy/bst_recenttrends.htm

March 22, 2024 - In the Driver's Seat: Pandemic Fiscal Stimulus and Light Vehicles - Jack Dunbar, Christopher Kurz, Geng Li, and Maria D. Tito - This paper explores the impact of two fiscal programs, the Economic Impact Payments and the Paycheck Protection Program, on vehicle purchases and relates our findings to post-pandemic price pressures. www.federalreserve.gov/econres/feds/in-the-drivers-seat-pandemic-fiscal-stimulus-and-light-vehicles.htm

March 22, 2024 - Parental Employment at the Onset of the Pandemic: Effects of Lockdowns and Government Policies - Kabir Dasgupta, Linda Kirkpatrick, and Alexander Plum - The COVID-19 pandemic had disproportionate impacts on women�s employment, especially for mothers with school-age and younger children. www.federalreserve.gov/econres/feds/parental-employment-at-the-onset-of-the-pandemic.htm _____________________________

March 21, 2024 - Acting Comptroller Issues Statement on the FDIC�s Proposed Statement of Policy on Bank Merger Transactions. www.occ.gov/news-issuances/news-releases/2024/nr-occ-2024-31.html

March 21, 2024 - Senior Deputy Comptroller Testifies on Engaging with International Forums - In her testimony, Ms. Gardineer discussed the benefits of the OCC�s participation in international forums while maintaining its independence as a federal regulator. www.occ.gov/news-issuances/news-releases/2024/nr-occ-2024-30.html

March 21, 2024 - Proposed Revisions to the Statement of Policy on Bank Merger Transactions - The revised SOP is being published in the Federal Register for public comment. www.fdic.gov/news/financial-institution-letters/2024/fil24011.html

March 21, 2024 - Global Governance Bodies - Testimony by Michael S. Gibson, Director, Division of Supervision and Regulation Before the Committee on Financial Services, U.S. House of Representatives. www.federalreserve.gov/newsevents/testimony/gibson20240321a.htm

March 20, 2024 - Multi-Chamber Economic Outlook Luncheon and Expo - Austan D. Goolsbee, president and chief executive officer of the Federal Reserve Bank of Chicago, will participate in a moderated Q&A at an event hosted by area Chambers of Commerce on April 4, 2024. www.chicagofed.org/publications/speeches/2024/apr-4-multi-chamber-economic-outlook

March 20, 2024 - Social Finance Institute - Austan D. Goolsbee, president and chief executive officer of the Federal Reserve Bank of Chicago, will participate in a panel discussion at event hosted by the Social Finance Institute on April 10, 2024. www.chicagofed.org/publications/speeches/2024/apr-20-social-finance-institute

March 20, 2024 - NCUA Releases Q4 2023 State-level Credit Union Data Report - According to the latest Quarterly U.S. Map Review released today by the National Credit Union Administration, federally insured credit unions experienced growth in loans and the share of credit unions with positive net income increased over the year ending in the fourth quarter of 2023, while delinquencies rose and assets and shares and deposits declined. https://ncua.gov/newsroom/press-release/2024/ncua-releases-q4-2023-state-level-credit-union-data-report

March 20, 2024 - Renita Marcellin Appointed Senior Advisor to Board Member Otsuka - National Credit Union Administration Board Member Tanya F. Otsuka announced today the appointment of Renita Marcellin as her senior advisor. https://ncua.gov/newsroom/press-release/2024/renita-marcellin-appointed-senior-advisor-board-member-otsuka

March 20, 2024 -Registration Open for OCC Project REACh Summit on Financial Inclusion - The Office of the Comptroller of the Currency today announced that registration is open for its Project REACh Financial Inclusion Summit on May 29-30, 2024, at its headquarters in Washington, D.C. www.occ.gov/news-issuances/news-releases/2024/nr-occ-2024-29.html

March 20, 2024 - OCC Announces Enforcement Actions for March 2024 - The Office of the Comptroller of the Currency today released enforcement actions taken against national banks and federal savings associations, and individuals currently and formerly affiliated with banks the OCC supervises. www.occ.gov/news-issuances/news-releases/2024/nr-occ-2024-28.html

March 20, 2024 - Regulatory Relief: Guidance to Help Financial Institutions and Facilitate Recovery in an Area of Alaska Affected by a Severe Storm, Landslides, and Mudslides.  www.fdic.gov/news/financial-institution-letters/2024/fil24010.html

March 20, 2024 - Federal Reserve Board and Federal Open Market Committee release economic projections from the March 19-20 FOMC meeting - The attached tables and charts released on Wednesday summarize the economic projections made by Federal Open Market Committee participants in conjunction with the March 19-20 meeting. www.federalreserve.gov/newsevents/pressreleases/monetary20240320b.htm

March 20, 2024 - Federal Reserve issues FOMC statement - Recent indicators suggest that economic activity has been expanding at a solid pace. www.federalreserve.gov/newsevents/pressreleases/monetary20240320a.htm

March 19, 2024 - OCC Reports Mortgage Performance for Fourth Quarter of 2023 - The Office of the Comptroller of the Currency reported on the performance of first-lien mortgages in the federal banking system during the fourth quarter of 2023. www.occ.gov/news-issuances/news-releases/2024/nr-occ-2024-27.html

March 19, 2024 - Financial Literacy, Risk Tolerance, and Cryptocurrency Ownership in the United States - Consumers who use cryptocurrencies for transactions tend to have lower financial literacy and risk tolerance than crypto investors. www.kansascityfed.org/research/research-working-papers/financial-literacy-risk-tolerance-and-cryptocurrency-ownership-in-the-united-states/ 

March 19, 2024 - Women in Banking Forum - Join other women leaders in the financial services sector for the Federal Reserve Bank of Kansas City�s Women in Banking Forum. www.kansascityfed.org/events/2024-women-in-banking-forum/

March 19, 2024 - FDIC Demands Three Companies Cease Making False or Misleading Representations about Deposit Insurance - The FDIC is demanding that PrizePool, Inc., AmeriStar, LLC, and HighLine Gold, LLC take immediate corrective action to address these false or misleading statements. www.fdic.gov/news/press-releases/2024/pr24016.html

March 18, 2024 - Statement on Transparency and Accountability by the 12 Federal Reserve Banks - The Federal Reserve Banks are committed to transparency and accountability and each Reserve Bank has existing procedures for providing information to the public. www.chicagofed.org/publications/news/2023/statement-on-transparency-and-accountability

March 15, 2024 - Credit and Liquidity Programs and the Balance Sheet - Recent balance sheet trends, weekly chart update.  www.federalreserve.gov/monetarypolicy/bst_recenttrends.htm

March 15, 2024 - Statistical Release - Industrial Production and Capacity Utilization - G.17- Industrial production edged up 0.1 percent in February after declining 0.5 percent in January. www.federalreserve.gov/releases/g17/current/default.htm

March 14, 2024 - OCC to Host Office Hours in San Francisco - Office Hours are one-on-one meetings with OCC�s OFT staff to discuss financial technology, new products or services, partnering with a bank or fintech company, or other matters related to responsible innovation in the federal banking system. www.occ.gov/news-issuances/news-releases/2024/nr-occ-2024-26.html
____________________

March 14, 2024 - OCC Assesses $250 Million Civil Money Penalty Against JPMorgan Chase Bank, N.A. Related to Bank�s Trade Surveillance Program. www.occ.gov/news-issuances/news-releases/2024/nr-occ-2024-25.html

March 14, 2024 - Federal Reserve Board issues enforcement action against JPMorgan Chase & Co. and fines the firm approximately $98.2 million for an inadequate program to monitor firm and client trading activities for market misconduct www.federalreserve.gov/newsevents/pressreleases/enforcement20240314a.htm

March 13, 2024 - Agencies take temporary action on appraisal requirements in area affected by Hawaii wildfires. 
Press Release: www.federalreserve.gov/newsevents/pressreleases/other20240313a.htm
Press Release: www.fdic.gov/news/press-releases/2024/pr24015.html  
Press Release: www.occ.gov/news-issuances/news-releases/2024/nr-ia-2024-24.html
Press Release: https://ncua.gov/newsroom/press-release/2024/agencies-take-temporary-action-appraisal-requirements-area-affected-hawaii-wildfires

March 12, 2024 - Credit Union Assets and Delinquencies Grow in the Fourth Quarter - According to the latest financial performance data released today by the National Credit Union Administration, total assets in federally insured credit unions rose by $88 billion, or 4.1 percent, to $2.26 trillion over the year ending in the fourth quarter of 2023. https://ncua.gov/newsroom/press-release/2024/credit-union-assets-and-delinquencies-grow-fourth-quarter

March 12, 2024 - Acting Comptroller Discusses Operational Resiliency - Acting Comptroller of the Currency Michael J. Hsu today discussed the importance of operational resiliency in remarks at the Institute of International Bankers Annual Washington Conference. www.occ.gov/news-issuances/news-releases/2024/nr-occ-2024-23.html

March 12, 2024 - Report and Disclosures on Funding, Credit, Liquidity, and Loan Facilities.  www.federalreserve.gov/publications/reports-to-congress-in-response-to-covid-19.htm

March 11, 2024 - The KCFSI suggests financial stress decreased slightly in February - The Kansas City Financial Stress Index decreased slightly from -0.39 in January to -0.43 in February, remaining below below its historical average. www.kansascityfed.org/data-and-trends/kansas-city-financial-stress-index/current-release/

March 11, 2024 - Regulatory Reform - Communications with the Public through March 11, 2024 - During the Federal Reserve Board�s rulemaking process, meetings will take place between the Board and the public�including, for example, 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. www.federalreserve.gov/regreform/communications-with-public.htm

March 8, 2024 - Regulatory Reform - Communications with the public through March 8, 2024 -- During the Federal Reserve Board�s rulemaking process, meetings will take place between the Board and the public�including, for example, 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. www.federalreserve.gov/regreform/communications-with-public.htm

March 8, 2024 - Federal Advisory Council, Record of Meeting - February 8, 2024 - The Federal Advisory Council, which is composed of twelve representatives of the banking industry, consults with and advises the Board on all matters within the Board's jurisdiction. www.federalreserve.gov/aboutthefed/fac.htm

March 8, 2024 - Measuring Unemployment Risk - In this note, we introduce a measure of unemployment risk, the likelihood of a worker becoming unemployed within the next twelve months. www.federalreserve.gov/econres/notes/feds-notes/measuring-unemployment-risk-20240308.html

March 8, 2024 - Rising Markups and Declining Business Dynamism: vidence From the Industry Cross Section - In recent decades, various measures of "business dynamism"�such as new business entry rates and gross job or worker flows�have seen significant declines in the U.S. www.federalreserve.gov/econres/notes/feds-notes/rising-markups-and-declining-business-dynamism-evidence-from-the-industry-cross-section-20240308.html

March 8, 2024 - Credit and Liquidity Programs and the Balance Sheet - Recent balance sheet trends, weekly chart update.  www.federalreserve.gov/monetarypolicy/bst_recenttrends.htm

March 8, 2024 - Federal Reserve Board announces final rule that updates risk management requirements for certain systemically important financial market utilities supervised by the Board.   www.federalreserve.gov/newsevents/pressreleases/bcreg20240308a.htm

March 7, 2024 - FDIC-Insured Institutions Reported Full-Year 2023 Net Income of $256.9 Billion and Fourth Quarter 2023 Net Income of $38.4 Billion. www.fdic.gov/news/press-releases/2024/pr24014.html ____________________

March 7, 2024 - FDIC-Insured Institutions Reported Full-Year 2023 Net Income of $256.9 Billion and Fourth Quarter 2023 Net Income of $38.4 Billion. www.fdic.gov/news/press-releases/2024/pr24014.html

March 7, 2024 - Statistical Release - Financial Accounts of the United States - Z.1 - The Financial Accounts of the United States includes data on transactions and levels of financial assets and liabilities, by sector and financial instrument; full balance sheets, including net worth, for households and nonprofit organizations, nonfinancial corporate businesses, and nonfinancial noncorporate businesses; Integrated Macroeconomic Accounts; and additional supplemental detail. www.federalreserve.gov/releases/z1/default.htm

March 7, 2024 - Speech by Governor Bowman on reflections on the economy and bank regulation At the New Jersey Bankers Association Annual Economic Leadership Forum, Somerset, New Jersey.  www.federalreserve.gov/newsevents/speech/bowman20240307a.htm

March 6, 2024 - St. Louis Fed Appoints New Community Development Advisory Council Members - The Federal Reserve Bank of St. Louis has appointed four new members to its Community Development Advisory Council. www.stlouisfed.org/news-releases/2024/03/06/st-louis-fed-appoints-new-cdac-members

March 6, 2024 - St. Louis Fed Releases Beige Book - The local report summarizes economic conditions for the Eighth District, which is based in St. Louis and covers all of Arkansas and parts of Illinois, Indiana, Kentucky, Mississippi, Missouri and Tennessee. www.stlouisfed.org/news-releases/2024/03/06/st-louis-fed-releases-beige-book

March 6, 2024 - Beige Book - Informal review by the Federal Reserve Banks of current economic conditions in their Districts www.federalreserve.gov/monetarypolicy/publications/beige-book-default.htm

March 6, 2024 - Testimony by Chair Powell on the semiannual Monetary Policy Report to the Congress Before the Committee on Financial Services, U.S. House of Representatives www.federalreserve.gov/newsevents/testimony/powell20240306a.htm

March 5, 2024 - FDIC Issues List of Banks Examined for CRA Compliance - March - The list covers evaluation ratings that the FDIC assigned to institutions in December 2023. www.fdic.gov/news/press-releases/2024/pr24013.html

March 4, 2024 - NCUA Charters New Jersey State PBA Federal Credit Union - Credit Union Will Serve Employees and Members of the New Jersey State Policemen�s Benevolent Association https://ncua.gov/newsroom/press-release/2024/ncua-charters-new-jersey-state-pba-federal-credit-union

March 4, 2024 - FDIC Issues List of Banks Examined for CRA Compliance - March - The list covers evaluation ratings that the FDIC assigned to institutions in December 2023. www.fdic.gov/news/press-releases/2024/pr24013.html

March 1, 2024 - OCC Releases CRA Evaluations for 31 National Banks and Federal Savings Associations - The Office of the Comptroller of the Currency today released a list of Community Reinvestment Act (CRA) performance evaluations that became public during the period of February 1, 2024, through February 29, 2024. www.occ.gov/news-issuances/news-releases/2024/nr-occ-2024-22.html

March 1, 2024 - Tenth District Services Activity Grew Moderately in February - District services activity increased moderately in February, and expectations for future activity declined slightly. www.kansascityfed.org/surveys/services-survey/tenth-district-services-activity-grew-moderately-in-february/

March 1, 2024 - Monetary Policy Report - 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/publications/mpr_default.htm

March 1, 2024 - Credit and Liquidity Programs and the Balance Sheet - Recent balance sheet trends, weekly chart update. www.federalreserve.gov/monetarypolicy/bst_recenttrends.htm

March 1, 2024 - FOIA - Chair Powell's calendar, January 2024.  www.federalreserve.gov/foia/chairman-powell-calendar.htm

March 1, 2024 - Statistical Release Foreign Exchange Rates - G.5.  www.federalreserve.gov/releases/g5/current/default.htm

March 1, 2024 - Speech by Governor Kugler on pursuing the dual mandate At the 2024 Stanford Institute for Economic Policy Research Economic Summit, Stanford University, Stanford, California.  www.federalreserve.gov/newsevents/speech/kugler20240301a.htm

March 1, 2024 - Speech by Governor Waller on thoughts on quantitative tightening, including remarks on the paper "Quantitative Tightening around the Globe: What Have We Learned?" At the 2024 U.S. Monetary Policy Forum, New York, New York.  www.federalreserve.gov/newsevents/speech/waller20240301a.htm