R. Kinney Williams - Yennik, Inc.®
R. Kinney Williams
Yennik, Inc.

The Community Banker
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The E-mail Banking News
(Bank Regulatory News)

February 2018

Yennik, Inc. has clients in 43 states that rely on our cybersecurity audits to ensure proper Internet security settings and to meet the independent diagnostic test requirements of FDIC, OCC, FRB, and NCUA, which provides compliance with Gramm-Leach Bliley Act 501(b) s well as the penetration study complies with the FFIEC Cybersecurity Assessment Tool regarding resilience testing The cybersecurity penetration audit and Internet security testing is an affordable-sophisticated process than goes far beyond the simple scanning of ports.  The audit focuses on a hacker's perspective, which will help you identify real-world cybersecurity weaknesses.  For more information, give R. Kinney Williams a call today at 806-798-7119 or visit http://www.internetbankingaudits.com/.

February 22, 2018 - Government Performance and Results Act - Annual Performance Plan 2018 - The Government Performance and Results Act of 1993 requires federal agencies to prepare a strategic plan covering a multiyear period and requires each agency to submit an annual performance plan and an annual performance report. www.federalreserve.gov/publications/gpra.htm

February 22, 2018 - Speech by Vice Chairman Quarles on the U.S. economy after the global financial crisis - At "10 Years after the Global Financial Crisis: How Has the World Economy Changed and Where Will It Go?" 26th International Financial Symposium sponsored by the Institute for International Monetary Affairs, Tokyo, Japan.   www.federalreserve.gov/newsevents/speech/quarles20180222a.htm

February 22, 2018 - Federal Reserve Board announces approval of proposal by First Financial Bancorp and approval of applications by First Financial Bank.   www.federalreserve.gov/newsevents/pressreleases/orders20180222a.htm

February 22, 2018 - NCUA Releases New Savings Infographic for America and Military Saves Week - New Resource Outlines the Benefits of Saving at an Early Age - Young people can get valuable information about starting good personal finance habits and building long-term wealth from a new infographic released today by the National Credit Union Administration. www.ncua.gov/newsroom/Pages/news-2018-feb-ncua-releases-new-savings-infographic-america-military-saves-week.aspx 

February 22, 2018 - Advanced Notice of a Meeting under Expedited Procedures - A closed meeting of the Board of Governors of the Federal Reserve System will be held under expedited procedures at 11:30 a.m. on February 26, 2018. Matter(s) considered: Review and determination by the Board of Governors of the advance and discount rates to be charged by the Federal Reserve Banks. www.federalreserve.gov/aboutthefed/boardmeetings/20180226closed.htm

February 21, 2018 - The Winds of Change for Community Banking - By Romel Bonilla , Jenna Cooper , Adam Emmerich , Theresa Hembd , Pamela Kennedy , Blake Marquart , Joseph Nashar - The 12th annual Community Bankers Symposium, cosponsored by the Federal Reserve Bank of Chicago, the Federal Deposit Insurance Corporation, and the Office of the Comptroller of the Currency, was held at the Chicago Fed on November 17, 2017. www.chicagofed.org/publications/chicago-fed-letter/2018/394

February 21, 2018 - OCC Hosts Credit Risk and Operational Risk Workshops in Minneapolis - The Office of the Comptroller of the Currency will host two workshops at the Crowne Plaza Minneapolis Northstar Downtown, Minneapolis, Minn., March 27-28, for directors of national community banks and federal savings associations supervised by the OCC. www.occ.gov/news-issuances/news-releases/2018/nr-occ-2018-19.html

February 21, 2018 - Federal Reserve Bank of Kansas City Appoints Senior Vice President of Research - Luke Woodward has been named senior vice president and head of the Bank’s Research Division. www.kansascityfed.org/~/media/files/publicat/newsroom/2018/pressrelease022118research.pdf

February 21, 2018 - Charge-Off and Delinquency Rates on Loans and Leases at Commercial Banks.  www.federalreserve.gov/releases/chargeoff/

February 21, 2018 - Student Loan Debt and Aggregate Consumption Growth - Laura Feiveson, Alvaro Mezza, and Kamila Sommer - Between 2001 and 2016, the real amount of student debt owed by American households more than tripled, from about $340 billion to more than $1.3 trillion. www.federalreserve.gov/econres/notes/feds-notes/student-loan-debt-and-aggregate-consumption-growth-20180221.htm

February 21, 2018 - Minutes of the Federal Open Market Committee, January 30-31, 2018.  www.federalreserve.gov/newsevents/pressreleases/monetary20180221a.htm

February 21, 2018 - Federal Reserve Board announces approval of application by IBERIABANK - The Federal Reserve Board on Wednesday announced its approval of the application under section 18(c) of the Federal Deposit Insurance Act and section 9 of the Federal Reserve Act by IBERIABANK, Lafayette, Louisiana, to acquire Gibraltar Private Bank & Trust Company, Coral Gables, Florida, and to establish branches at the locations of the main office and branches of Gibraltar. www.federalreserve.gov/newsevents/pressreleases/orders20180221a.htm

February 16, 2018 - OCC Enforcement Actions and Terminations for February 2018 - 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/2018/nr-occ-2018-18.html

February 16, 2018 - Credit and Liquidity Programs and the Balance Sheet - Recent balance sheet trends, weekly chart update.  www.federalreserve.gov/monetarypolicy/bst_recenttrends.htm

February 16, 2018 - Federal Reserve Board seeking to impose a $487,500 fine on former Barclays Bank PLC employee and permanently bar him from the banking industry - The Federal Reserve Board on Friday announced that it is seeking to permanently bar Peter Little, the former head of the foreign exchange (FX) spot desk at Barclays Bank PLC in New York, from employment in the banking industry and to impose a $487,500 fine on him. www.federalreserve.gov/newsevents/pressreleases/enforcement20180216a.htm

February 15, 2018 - Reinvesting After the Crisis: Changes in the Fixed-Income Portfolios of Life Insurers By Andy Polacek - The years following the Great Recession presented a unique set of challenges for life insurers even as the U.S. economic recovery began to gain momentum. www.chicagofed.org/publications/chicago-fed-letter/2018/390

February 15, 2018 - AgLetter : February 2018 By David Oppedahl- Farmland values in the Seventh Federal Reserve District had an annual increase of 1 percent for 2017, following three consecutive yearly declines. Values for “good” agricultural land in the fourth quarter of 2017 were overall unchanged from the third quarter, according to 185 survey respondents representing agricultural banks across the District. www.chicagofed.org/publications/agletter/2015-2019/february-2018

February 15, 2018 - Final Rule to Remove References to Credit Ratings from the FDIC's International Banking Regulations - On February 14, 2018, the FDIC Board of Directors adopted the attached final rule amending the FDIC's international banking regulations related to permissible investment activities and the pledging of assets. www.fdic.gov/news/news/financial/2018/fil18009.html

February 15, 2018 - NCUA’s Four Permanent Funds Receive Clean Audit Opinions for 2017 - Reports Cover Share Insurance Fund, Operating Fund, CLF and CDRLF - The National Credit Union Administration’s four permanent funds have again earned unmodified, or “clean,” audit opinions for 2017, according to audited financial statements released today by the agency’s Office of the Inspector General. www.ncua.gov/newsroom/Pages/news-2018-feb-ncua-four-permanent-funds-receive-clean-audit-opinions-2017.aspx

February 15, 2018 - NCUA Board Approves $736 Million Share Insurance Distribution in Q3 2018 - Share Insurance Fund Maintains Provisions for Potential Losses - The National Credit Union Administration Board held its second open meeting of 2018 at the agency’s headquarters here today and unanimously approved two items: www.ncua.gov/newsroom/Pages/news-2018-feb-ncua-board-approves-736-million-share-insurance-distribution.aspx

February 15, 2018 - OCC Assesses $75 Million Civil Money Penalty Against U.S. Bank National Association - The Office of the Comptroller of the Currency today announced a $75 million civil money penalty against U.S. Bank National Association of Cincinnati, Ohio, for deficiencies in the bank’s Bank Secrecy Act and anti-money laundering compliance program. www.occ.gov/news-issuances/news-releases/2018/nr-occ-2018-17.html 

February 15, 2018 - US Monetary Policy and International Bond Markets - Simon Gilchrist, Vivian Yue, and Egon Zakrajsek - This paper uses high-frequency data to analyze the effects of US monetary policy--during the conventional and unconventional policy regimes--on foreign government bonds markets in advanced and emerging market economies.   www.federalreserve.gov/econres/feds/2018.htm#2018014

February 15, 2018 - Statistical Releases - Industrial Production and Capacity Utilization - G.17 - Industrial production edged down 0.1 percent in January following four consecutive monthly increases. Manufacturing production was unchanged in January.  www.federalreserve.gov/releases/g17/Current/

February 15, 2018 - Federal Reserve Board issues enforcement action with Clear Mountain Bank.  www.federalreserve.gov/newsevents/pressreleases/enforcement20180215b.htm 

February 15, 2018 - Federal Reserve Board fines US Bancorp $15 million and orders it to improve risk management and oversight - The Federal Reserve Board on Thursday ordered Minneapolis-based US Bancorp to improve risk management and oversight of its banking subsidiaries' compliance with U.S. economic sanctions, and Bank Secrecy Act and anti-money-laundering requirements. www.federalreserve.gov/newsevents/pressreleases/enforcement20180215a.htm
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February 14, 2018 - Seven Fallacies Concerning Milton Friedman's "The Role of Monetary Policy" - Edward Nelson - This paper analyzes Milton Friedman's (1968) article "The Role of Monetary Policy," via a discussion of seven fallacies concerning the article. www.federalreserve.gov/econres/feds/files/2018013pap.pdf

February 14, 2018 - Notice of a Meeting under Expedited Procedures - A closed meeting of the Board of Governors of the Federal Reserve System was held at on February 14, 2018. Matter(s) considered: Periodic Supervisory Update. Proposed Semiannual Monetary Policy Report and Statement to the Congress.  www.federalreserve.gov/aboutthefed/boardmeetings/20180214closed.htm

February 13, 2018 - St. Louis Fed Hosts First Women in Economics Symposium - Women majoring in economics and experts in the field will gather Feb. 22, 2018, at the Women in Economics Symposium at the Federal Reserve Bank of St. Louis. www.stlouisfed.org/news-releases/2018/02/13/st-louis-fed-hosts-first-women-in-economics-symposium

February 13, 2018 - NCUA - January 2018 NCUA Board Meeting Video Available - The video recording of the Jan. 25, 2018, open meeting of the National Credit Union Administration Board is now available on the agency’s website. www.ncua.gov/newsroom/Pages/news-2018-feb-january-board-meeting-video-available.aspx

February 13, 2018 - Federal Reserve Board issues enforcement action with Eric Scott Darty and termination of enforcement action with Cornerstone Bancshares, Inc. www.federalreserve.gov/newsevents/pressreleases/enforcement20180213a.htm 

February 13, 2018 - FOIA - 2018 Reserve Bank Budgets.  www.federalreserve.gov/foia/budgets.htm

February 13, 2018 - Speech by Chairman Jerome H. Powell - Remarks at the Ceremonial Swearing-in.  www.federalreserve.gov/newsevents/speech/powell20180213a.htm

February 13, 2018 - Federal Reserve Chairman Jerome H. Powell participates in ceremonial swearing-in - Chairman Jerome H. Powell on Tuesday participated in a ceremonial swearing-in event in the atrium of the Board's main building in Washington. www.federalreserve.gov/newsevents/pressreleases/other20180213a.htm

February 13, 2018 - Federal Reserve Board issues enforcement action with Eric Scott Darty and termination of enforcement action with Cornerstone Bancshares, Inc. www.federalreserve.gov/newsevents/pressreleases/enforcement20180213a.htm

February 12, 2018 - Federal Reserve Board announces approval of application by Howard Bancorp, Inc. - The Federal Reserve Board on Monday announced its approval of the application under section 3 of the Bank Holding Company Act of 1956 by Howard Bancorp, Inc., Ellicott City, Maryland, to acquire First Mariner Bank, Baltimore, Maryland. www.federalreserve.gov/newsevents/pressreleases/orders20180212a.htm

February 9, 2018 - Credit and Liquidity Programs and the Balance Sheet - Recent balance sheet trends, weekly chart update.  www.federalreserve.gov/monetarypolicy/bst_recenttrends.htm

February 9, 2018 - Federal Open Market Committee - Historical memos from 2012, 2011, and 2005.  www.federalreserve.gov/monetarypolicy/fomc-memos.htm#m2012

February 8, 2018 - Monetary Policy for the Near and Long Term Remarks by Esther L. George President and Chief Executive Officer Federal Reserve Bank of Kansas City.  www.kansascityfed.org/~/media/files/publicat/speeches/2018/2018-george-wichita-02-08.pdf

February 8, 2018 - Household's Balance Sheets and the Effect of Fiscal Policy - Javier Andrés, José E. Boscá, Javier Ferri, and Cristina Fuentes-Albero - Using the Panel Survey of Income Dynamics, we identify six household types as a function of their balance sheet composition. www.federalreserve.gov/econres/feds/files/2018012pap.pdf
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February 8, 2018 - St. Louis Fed Ag Survey: Ranchland and Pastureland Value Increases Make History for AFM While Farm Income Declines Continue for the Fourth Quarter.   www.stlouisfed.org/news-releases/2018/02/08/st-louis-fed-ag-survey-ranchland-and-pastureland-value-increases-make-history-for-afm

February 8, 2018 - Federal Reserve Board issues enforcement action with Jacob H. Goldstein - Notice of Intent to Prohibit Jacob H. Goldstein, former president and CEO of NBRS Financial, Rising Sun, Maryland, for engaging in self-dealing transactions involving bank loans and withholding material information from the NBRS board of directors. www.federalreserve.gov/newsevents/pressreleases/enforcement20180208a.htm 

February 7, 2018 - Some Thoughts on the Economic Outlook and Monetary Policy - A speech delivered on February 7, 2018, before the Iowa Bankers Association Bank Management Conference in Des Moines, IA. www.chicagofed.org/publications/speeches/2018/02-07-2018-thoughts-on-economic-outlook-and-monetary-policy-iowa-bankers

February 7, 2018 - Midwest Agriculture’s Ties to the Global Economy By David Oppedahl - Over a number of decades, agricultural exports have become increasingly important to the bottom line of farmers in the Midwest and other parts of the nation. www.chicagofed.org/publications/chicago-fed-letter/2018/393

February 7, 2018 - OCC Releases CRA Evaluations for 16 National Banks and Federal Savings Associations - The Office of the Comptroller of the Currency today released a list of Community Reinvestment Act performance evaluations that became public during the period of January 1, 2018 through January 31, 2018. www.occ.gov/news-issuances/news-releases/2018/nr-occ-2018-16.html

February 7, 2018 - OCC Assesses $50 Million Civil Money Penalty and Terminates Consent Order Against Rabobank, N.A. - The Office of the Comptroller of the Currency today announced a $50 million civil money penalty against Rabobank, N.A., of Roseville, California, for deficiencies in the bank’s Bank Secrecy Act and anti-money laundering compliance program. www.occ.gov/news-issuances/news-releases/2018/nr-occ-2018-15.html

February 7, 2018 - Legal Developments - June 21, October 3, 13, 17 (2 letters), and 18, November 3, 9 (2 letters), and 21, 2017; January 3 (2 letters), 2018.   www.federalreserve.gov/supervisionreg/ordersother2018.htm

February 7, 2018 - Statistical Release - Consumer Credit - G.19 - Consumer credit increased at a seasonally adjusted annual rate of 7-3/4 percent during the fourth quarter. Revolving credit increased at an annual rate of 9-3/4 percent, while nonrevolving credit increased at an annual rate of 7 percent.  www.federalreserve.gov/releases/g19/current/default.htm 

February 7, 2018 - 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. www.federalreserve.gov/releases/iba/default.htm

February 7, 2018 - Inferring the Shadow Rate from Real Activity - Benjamin Garcia and Arsenios Skaperdas - We estimate a shadow rate consistent with the paths of time series capturing real activity. www.federalreserve.gov/econres/feds/files/2017106pap.pdf

February 6, 2018 - Comptroller Statement on Meeting with the Acting Director of the CFPB - Comptroller of the Currency Joseph M. Otting today issued the following statement after meeting with Mick Mulvaney, Office of Management and Budget Director and Acting Director of the Consumer Financial Protection Bureau. www.occ.gov/news-issuances/news-releases/2018/nr-occ-2018-14.html

February 6, 2018 - St. Louis Fed's Bullard Discusses the 2018 U.S. Macroeconomic Outlook - Federal Reserve Bank of St. Louis President James Bullard presented “Remarks on the 2018 U.S. Macroeconomic Outlook” Tuesday during the Annual Economic Outlook Conference at the University of Kentucky. www.stlouisfed.org/news-releases/2018/02/06/bullard-macroeconomic-outlook

February 6, 2018 - FDIC Releases Economic Scenarios for 2018 Stress Testing - The Federal Deposit Insurance Corporation today released the economic scenarios that will be used by certain financial institutions with total consolidated assets of more than $10 billion for stress tests required under the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010. www.fdic.gov/news/news/press/2018/pr18009.html

February 6, 2018 - Federal Reserve Board announces termination of enforcement action with CBOA Financial, Inc.   www.federalreserve.gov/newsevents/pressreleases/enforcement20180206a.htm

February 5, 2018 - St. Louis Fed’s Mary Suiter Awarded for Inspiring Economic Teachers - Assistant Vice President Mary Suiter, the economic education officer at the Federal Reserve Bank of St. Louis, has been named the 2018 winner of the James O'Neill Economic Education Multiplier Award from the National Association of Economic Educators. www.stlouisfed.org/news-releases/2018/02/05/st-louis-fed-mary-suiter-awarded-for-inspiring-economic-teachers

February 5, 2018 - OCC to Host Innovation Office Hours and Listening Session in Chicago - The Office of the Comptroller of the Currency today announced the date and location for its upcoming Innovation Office Hours and inaugural Listening Session. www.occ.gov/news-issuances/news-releases/2018/nr-occ-2018-13.html

February 5, 2018 - Comptroller Congratulates Outgoing Federal Reserve Chair Yellen - Comptroller of the Currency Joseph M. Otting issued the following statement congratulating outgoing Chair of the Board of Governors of the Federal Reserve System Janet L. Yellen. www.occ.gov/news-issuances/news-releases/2018/nr-occ-2018-11.html

February 5, 2018 - 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. www.fdic.gov/news/news/press/2018/pr18007.html

February 5, 2018 - Senior Loan Officer Opinion Survey on Bank Lending Practices, January 2018 - Survey of up to eighty large domestic banks and twenty-four U.S. branches and agencies of foreign banks. The Federal Reserve generally conducts the survey quarterly, timing it so that results are available for the January/February, April/May, August, and October/November meetings of the Federal Open Market Committee. www.federalreserve.gov/data/sloos.htm

February 5, 2018 - Agencies seek comment on proposed amendments to swap margin rule - Five federal agencies propose to amend swap margin requirements to conform with recent rule changes that impose new restrictions on certain qualified financial contracts of systemically important banking organizations. Under the proposed amendments, legacy swaps entered into before the applicable compliance date would not become subject to the margin requirements if they are amended solely to comply with the requirements of the QFC Rules.
Press Release: www.federalreserve.gov/newsevents/pressreleases/bcreg20180205a.htm
Press Release: www.fdic.gov/news/news/press/2018/pr18008.html
Press Release: www.occ.gov/news-issuances/news-releases/2018/nr-ia-2018-12.html

February 5, 2018 - Jerome H. Powell sworn in as Chairman of the Board of Governors of the Federal Reserve System.  www.federalreserve.gov/newsevents/pressreleases/other20180205a.htm

February 2, 2018 - Comptroller of the Currency Otting Hosts Former Agency Leaders to Mark OCC’s 155th Anniversary - The 31st Comptroller of the Currency Joseph M. Otting hosted former Comptrollers and former Acting Comptrollers as the Office of the Comptroller of the Currency begins its 156th year overseeing the federal banking system. www.occ.gov/news-issuances/news-releases/2018/nr-occ-2018-10.html

February 2, 2018 - Federal Reserve Bank of Kansas City announces economic advisory council appointments - The Federal Reserve Bank of Kansas City recently appointed new members to its Economic Advisory Council. www.kansascityfed.org/~/media/files/publicat/newsroom/2018/pressreleaseeac2018.pdf

February 2, 2018 - Kansas City Fed appoints community depository institutions advisory council members - The Federal Reserve Bank of Kansas City recently announced the following appointments to its Community Depository Institutions Advisory Council. www.kansascityfed.org/~/media/files/publicat/newsroom/2018/pressreleasecdiac2018.pdf

February 2, 2018 - Kansas City Fed names advisory council appointments - The Federal Reserve Bank of Kansas City has announced two appointments to its Community Development Advisory Council for 2018. www.kansascityfed.org/~/media/files/publicat/newsroom/2018/pressreleasecdac2018.pdf

February 2, 2018 - SF Fed’s Williams: The Outlook is Positive, but the Economy hasn’t Fundamentally Shifted into a Higher Gear - Today, John C. Williams, President and CEO of the Federal Reserve Bank of San Francisco, described the current economic outlook and gave his views on monetary policy to a meeting of the Financial Women of San Francisco. www.frbsf.org/our-district/press/news-releases/2018/john-williams-outlook-is-positive-but-the-economy-hasnt-fundamentally-shifted-into-a-higher-gear/

February 2, 2018 - Community Bank Webinar: Implementation Examples for the Current Expected Credit Losses Methodology - The FDIC and the Federal Reserve Board, in conjunction with the Financial Accounting Standards Board, the U.S. Securities and Exchange Commission, and the Conference of State Bank Supervisors, will host a webinar to discuss how smaller, less complex community institutions can implement CECL. www.fdic.gov/news/news/financial/2018/fil18008.html

February 2, 2018 - FOIA - Chair Yellen's calendar, December 2017.  www.federalreserve.gov/foia/chairscalendar.htm

February 2, 2018 - Credit and Liquidity Programs and the Balance Sheet - Recent balance sheet trends, weekly chart update.  www.federalreserve.gov/monetarypolicy/bst_recenttrends.htm

February 1, 2018 - Measuring Geopolitical Risk - Dario Caldara and Matteo Iacoviello - We present a monthly indicator of geopolitical risk based on a tally of newspaper articles covering geopolitical tensions, and examine its evolution and effects since 1985. www.federalreserve.gov/econres/ifdp/files/ifdp1222.pdf

February 2, 2018 - A Global Lending Channel Unplugged? Does U.S. Monetary Policy Affect Cross-border and Affiliate Lending by Global U.S. Banks? - Judit Temesvary, Steven Ongena, and Ann L. Owen - We examine how U.S. monetary policy affects the international activities of U.S. Banks. www.federalreserve.gov/econres/feds/files/2018008pap.pdf

February 2, 2018 - Changing Business Dynamism and Productivity: Shocks vs. Responsiveness - Ryan A. Decker, John Haltiwanger, Ron S. Jarmin, and Javier Miranda - The pace of job reallocation has declined in all U.S. sectors since 2000. In standard models, aggregate job reallocation depends on (a) the dispersion of idiosyncratic productivity shocks faced by businesses and (b) the marginal responsiveness of businesses to those shocks. www.federalreserve.gov/econres/feds/files/2018007pap.pdf

February 1, 2018 - OCC Releases Dodd-Frank Act Stress Test Scenarios for 2018 - The Office of the Comptroller of the Currency released economic and financial market scenarios for use in the upcoming stress tests for covered institutions with more than $10 billion in assets. www.occ.gov/news-issuances/news-releases/2018/nr-occ-2018-9.html

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February 1, 2018 - Seymour, Ind., Banker Appointed to St. Louis Fed Advisory Council - Marvin Veatch, president and CEO of Jackson County Bank in Seymour, has been appointed to a three-year term ending in 2020. www.stlouisfed.org/news-releases/2018/02/01/seymour-ind-banker-appointed-to-st-louis-fed-advisory-council

February 1, 2018 - St. Louis Fed Appoints Members of Banking Advisory Council - The Federal Reserve Bank of St. Louis has appointed four new members to its Community Depository Institutions Advisory Council, which advises St. Louis Fed President James Bullard on the credit, banking and economic conditions facing council members’ institutions and local communities. www.stlouisfed.org/news-releases/2018/02/01/st-louis-fed-appoints-members-of-banking-advisory-council

February 1, 2018 - Mountain View, Ark., Banker Appointed to St. Louis Fed Advisory Council - Margaret “Marnie” Oldner, CEO of Stone Bank in Mountain View, has been appointed to a three-year term ending in 2020. www.stlouisfed.org/news-releases/2018/02/01/mountain-view-ark-banker-appointed-to-st-louis-fed-advisory-council

February 1, 2018 - Louisville, Ky., Banker Appointed Chair of St. Louis Fed Advisory Council - Ann Cowley Wells, chair and co-CEO of Commonwealth Bank and Trust Co. in Louisville, will serve a three-year term as chair ending in 2020. www.stlouisfed.org/news-releases/2018/02/01/louisville-banker-appointed-chair-of-st-louis-fed-advisory-council

February 1, 2018 - Stuttgart, Ark., Banker Appointed to St. Louis Fed Advisory Council - Gary Hudson, president and CEO of Farmers and Merchants Bank in Stuttgart, has been appointed to a two-year term ending in 2019. www.stlouisfed.org/news-releases/2018/02/01/stuttgart-ark-banker-appointed-to-st-louis-fed-advisory-council

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