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

The Community Banker
Brought to you by Yennik, Inc. the acknowledged leader in Internet auditing for financial institutions.

 

Bank Regulatory News

April 2010

Yennik, Inc. has clients in 42 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, OTS, 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 focuses on 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 visit http://www.internetbankingaudits.com/.

April 30, 2010 - Union Bank, National Association, San Francisco, California, Assumes All of the Deposits of Frontier Bank, Everett, Washington - Frontier Bank, Everett, Washington, was closed today by the Washington Department of Financial Institutions, which appointed the Federal Deposit Insurance Corporation as receiver. To protect the depositors, the FDIC entered into a purchase and assumption agreement with Union Bank, National Association, San Francisco, California, to assume all of the deposits of Frontier Bank. www.fdic.gov/news/news/press/2010/pr10101.html 

April 30, 2010 - Community First Bank, Butler, Missouri, Assumes All of the Deposits of BC National Banks, Butler, Missouri - BC National Banks, Butler, Missouri, was closed today by the Office of the Comptroller of the Currency, which appointed the Federal Deposit Insurance Corporation as receiver. To protect the depositors, the FDIC entered into a purchase and assumption agreement with Community First Bank, Butler, Missouri, to assume all of the deposits of BC National Banks. www.fdic.gov/news/news/press/2010/pr10100.html

April 30, 2010 - Bankliberty, Liberty, Missouri, Assumes All of the Deposits of Champion Bank, Creve Coeur, Missouri - Champion Bank, Creve Coeur, Missouri, was closed today by the Missouri Division of Finance, which appointed the Federal Deposit Insurance Corporation as receiver. To protect the depositors, the FDIC entered into a purchase and assumption agreement with BankLiberty, Liberty, Missouri, to assume all of the deposits of Champion Bank. www.fdic.gov/news/news/press/2010/pr10099.html 

April 30, 2010 - First Michigan Bank, Troy, Michgan, Assumes All of the Deposits of CF Bancorp, Port Huron, Michigan - CF Bancorp, Port Huron, Michigan, was closed today by the Michigan Office of Financial and Insurance Regulation, which appointed the Federal Deposit Insurance Corporation as receiver. To protect the depositors, the FDIC entered into a purchase and assumption agreement with First Michigan Bank, Troy, Michigan, to assume all of the deposits of CF Bancorp. www.fdic.gov/news/news/press/2010/pr10098.html 

April 30, 2010 - NCUA Issues Letter of - Understanding and Agreement - The National Credit Union Administration and the Commonwealth of Massachusetts Division of Banks have jointly issued a Letter of Understanding and Agreement to the officials of Tremont Credit Union, Braintree, Massachusetts, in order to restore the credit union to safe and sound operation. www.ncua.gov/news/press_releases/2010/MA10-0430TremontLUA.pdf 

April 30, 2010 - Survey Finds Financial Conditions in Low- and Moderate-Income Community Improve but Remain Negative.   www.kc.frb.org/pubaffrs/pressrel/2010pdf/press.release.10.07.pdf 

April 30, 2010 - St. Louis Fed President James Bullard Will Speak at Washington University's Olin Business School.   www.stlouisfed.org/newsroom/displayNews.cfm?article=671 

April 30, 2010 - The State Liaison Committee of the Federal Financial Institutions Examination Council announced today the re-election of John Munn as its Chairman for the period of May 1, 2010 through April 30, 2011. Munn is the Director of the Nebraska Department of Banking and Finance, where he has served since January 2005. The Department supervises state-chartered financial institutions, registered and licensed financial entities including mortgage banking, delayed deposit service companies, and the securities industry in Nebraska. www.ffiec.gov/press/pr043010.htm

April 30, 2010 - Bank Secrecy Act - Revised Bank Secrecy Act/Anti-Money Laundering Examination Manual - The Federal Financial Institutions Examination Council (FFIEC) released the revised Bank Secrecy Act/Anti-Money Laundering Examination Manual on April 29, 2010. www.fdic.gov/news/news/financial/2010/fil10017.html 

April 30, 2010 - Banco Popular de Puerto Rico, San Juan, Puerto Rico, Assumes All of the Deposits of Westernbank Puerto Rico, Mayaguez, Puerto Rico - Westernbank Puerto Rico, Mayaguez, Puerto Rico, was closed today by the Office of the Commissioner of Financial Institutions of the Commonwealth of Puerto Rico, which appointed the Federal Deposit Insurance Corporation as receiver. To protect the depositors, the FDIC entered into a purchase and assumption agreement with Banco Popular de Puerto Rico, San Juan, Puerto Rico, to assume all of the deposits of Westernbank Puerto Rico. www.fdic.gov/news/news/press/2010/pr10097.html 

April 30, 2010 - Scotiabank de Puerto Rico, San Juan, Puerto Rico, Assumes All of the Deposits of R-G Premier Bank of Puerto Rico, Hato Rey, Puerto Rico - R-G Premier Bank of Puerto Rico, Hato Rey, Puerto Rico, was closed today by the Office of the Commissioner of Financial Institutions of the Commonwealth of Puerto Rico, which appointed the Federal Deposit Insurance Corporation as receiver. To protect the depositors, the FDIC entered into a purchase and assumption agreement with Scotiabank de Puerto Rico, San Juan, Puerto Rico, to assume all of the deposits of R-G Premier Bank of Puerto Rico. www.fdic.gov/news/news/press/2010/pr10096.html 

April 30, 2010 - Oriental Bank and Trust, San Juan, Puerto Rico, Assumes All of the Deposits of Eurobank, San Juan, Puerto Rico - Eurobank, San Juan, Puerto Rico, was closed today by the Office of the Commissioner of Financial Institutions of the Commonwealth of Puerto Rico, which appointed the Federal Deposit Insurance Corporation as receiver. To protect the depositors, the FDIC entered into a purchase and assumption agreement with Oriental Bank and Trust, San Juan, Puerto Rico, to assume all of the deposits of Eurobank. www.fdic.gov/news/news/press/2010/pr10095.html 

April 30, 2010 - FDIC Makes Public March Enforcement Actions; No Administrative Hearings are Scheduled - The Federal Deposit Insurance Corporation (FDIC) today released a list of orders of administrative enforcement actions taken against banks and individuals in March. No administrative hearings are scheduled. www.fdic.gov/news/news/press/2010/pr10094.html
 
April 30, 2010 - Interagency Guidance on Correspondent Concentration Risk. www.federalreserve.gov/boarddocs/srletters/2010/sr1010.htm 

April 30, 2010 - Credit and Liquidity Programs and the Balance Sheet - Credit and Liquidity Programs and the Balance Sheet - Recent balance sheet trends, weekly chart data update.  www.federalreserve.gov/monetarypolicy/bst_recenttrends.htm 

April 30, 2010 - Federal Open Market Committee - Meeting transcripts and presentation materials, 2004.  www.federalreserve.gov/monetarypolicy/fomchistorical2004.htm 

April 30, 2010 - Federal Financial Regulatory Agencies Issue Final Guidance on Correspondent Concentration Risks - The federal financial regulatory agencies issued final guidance today to address the risks associated with funding and credit concentrations arising from correspondent relationships.
Press Release: www.federalreserve.gov/newsevents/press/bcreg/20100430a.htm 
Press Release: www.fdic.gov/news/news/press/2010/pr10093.html
Ptree Release: www.fdic.gov/news/news/financial/2010/fil10018.html 
Press Release: www.occ.treas.gov/ftp/release/2010-51.htm 
Press Release: www.ots.treas.gov/?p=PressReleases&ContentRecord_id=4bb02c25-ddf2-e07b-555b-4db81a357af0&ContentType_id=4c12f337-b5b6-4c87-b45c-838958422bf3

April 30, 2010 - The Federal Reserve Board has approved amendments to Regulation D (Reserve Requirements of Depository Institutions) authorizing the Reserve Banks to offer term deposits to institutions that are eligible to receive earnings on their balances at Reserve Banks. These amendments incorporate public comments on the proposed amendments to Regulation D that were announced on December 28, 2009. www.federalreserve.gov/newsevents/press/monetary/20100430a.htm
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April 29, 2010 - Agencies Release Revised Bank Secrecy Act/Anti-Money Laundering Examination Manual - The Federal Financial Institutions Examination Council today released the revised Bank Secrecy Act/Anti-Money Laundering Examination Manual.
Press Release: www.fdic.gov/news/news/press/2010/pr10092.html 
Press Release: www.ffiec.gov/press.htm 
Press Release: www.ffiec.gov/press/pr042910.htm 
Press Release: www.ots.treas.gov/?p=PressReleases&ContentRecord_id=4a8e35cc-f9d8-fa46-dcc2-9f14726c7396&ContentType_id=4c12f337-b5b6-4c87-b45c-838958422bf3 

April 29, 2010 - Economic Activity Improved in March - The Chicago Fed National Activity Index was -0.07 in March, up from -0.44 in February. http://www.chicagofed.org/digital_assets/publications/cfnai/2010/cfnai_april2010.pdf 

April 29, 2010 - The Economics Department releases a revised Economics Working Paper 2008-1 "Management Turnover, Regulatory Oversight, and Performance: Evidence From Community Banks," by Ajay Palvia, analyzing the connection between OCC oversight and bank governance. www.occ.treas.gov/ftp/workpaper/wp2008-1.pdf 

April 29, 2010 - President Obama has asked Janet L. Yellen to serve as Vice Chairman of the Federal Reserve Board of Governors www.frbsf.org/news/releases/2010/0429.html 

April 29, 2010 - Why the Fed Is a Well-Designed Central Bank www.stlouisfed.org/publications/ar/2009/AR09.pdf 

April 29, 2010 - Implications of Behavioral Research for the Use and Regulation of Consumer Credit Products - Gregory Elliehausen - This paper reviews the behavioral literature on inter-temporal choice and decision making under uncertainty and assesses the evidence on behavioral influences affecting consumers' credit decisions. The evidence reviewed suggests that consumers often do not consider all information available in the market nor deliberately evaluate each alternative. www.federalreserve.gov/pubs/feds/2010/201025/201025abs.html 

April 29, 2010 - The Credit Market Consequences of Job Displacement - Benjamin J. Keys - This paper demonstrates the important role of job displacement in the household bankruptcy decision. I develop a dynamic, forward-looking model of unemployment and bankruptcy where persistent negative income shocks increase a household's likelihood of filing for bankruptcy both immediately and in the future.   www.federalreserve.gov/pubs/feds/2010/201024/index.html 

April 29, 2010 - Credit Where None Is Due? Authorized User Account Status and "Piggybacking Credit" - Robert B. Avery, Kenneth P. Brevoort, and Glenn B. Canner - An "authorized user" is a person who is permitted by a revolving account holder to use an account without being legally liable for any charges incurred. The Federal Reserve's Regulation B, which implements the 1974 Equal Credit Opportunity Act, requires that information on spousal authorized user accounts be reported to the credit bureaus and considered when lenders evaluate credit history.   www.federalreserve.gov/pubs/feds/2010/201023/index.html 

April 29, 2010 - Release of the Revised Federal Financial Institutions Examination Council Bank Secrecy Act/Anti-Money Laundering Examination Manual www.federalreserve.gov/boarddocs/srletters/2010/sr1009.htm 

April 29, 2010 - The Federal Reserve Board on Thursday announced the execution of a Written Agreement by and between Coast Bancorp, San Luis Obispo, California, a registered bank holding company, and the Federal Reserve Bank of San Francisco. www.federalreserve.gov/newsevents/press/enforcement/20100429b.htm 

April 29, 2010 - The Federal Reserve Board on Thursday announced the execution of a Written Agreement by and among FMB Equibanc, Inc., Statesboro, Georgia, a registered bank holding company, the Federal Reserve Bank of Atlanta, and the Banking Commissioner of the State of Georgia. www.federalreserve.gov/newsevents/press/enforcement/20100429a.htm 

April 28, 2010 - What's Ahead for the Auto Industry? - In a recent blog posting, William Testa highlights an upcoming Chicago Fed conference that will examine the recent extraordinary period in the U.S. auto industry.  The last two years represent an extraordinary period for the U.S. auto industry. Gasoline prices rose fast during the first six months of 2008, topping out at a national average of just over $4 per gallon.   http://midwest.chicagofedblogs.org/archives/2010/04/thomas_conferen.html 

April 28, 2010 - FDIC to Host Symposium on Cyber-Related Threats Targeting Small and Midsize Businesses - Experts Will Discuss Ways to Mitigate The Potential Risks to Commercial Payments - The Federal Deposit Insurance Corporation (FDIC) will hold a day-long symposium on May 11, 2010, on combating the threats posed by cyber criminals targeting small and midsize businesses.   www.fdic.gov/news/news/press/2010/pr10091.html 

April 28, 2010 - Interest on Required Reserve Balances and Excess Balances - Maintenance period ending April 28, 2010 - The Federal Reserve Banks pay interest on required reserve balances--balances held at Reserve Banks to satisfy reserve requirements--and on excess balances--balances held in excess of required reserve balances and contractual clearing balances.  www.federalreserve.gov/monetarypolicy/reqresbalances.htm 

April 28, 2010 - Information received since the Federal Open Market Committee met in March suggests that economic activity has continued to strengthen and that the labor market is beginning to improve. Growth in household spending has picked up recently but remains constrained by high unemployment, modest income growth, lower housing wealth, and tight credit.  www.federalreserve.gov/newsevents/press/monetary/20100428a.htm 

April 27, 2010 - Midwest Manufacturing Output Increased in March - The Chicago Fed Midwest Manufacturing Index increased 1.3% in March, to a seasonally adjusted level of 84.1. www.chicagofed.org/webpages/research/data/cfmmi/data_series.cfm 

April 27, 2010 - Office of the Comptroller of the Currency Promotes - Financial Literacy at Capitol Hill Event - The Office of the Comptroller of the Currency participated in the Financial Literacy Day on Capitol Hill event today to educate and support consumers of financial services. The event was held in conjunction with National Financial Literacy Month. www.occ.treas.gov/ftp/release/2010-50.htm 

April 27, 2010 - Chairman Ben S. Bernanke - Achieving Fiscal Sustainability - At the National Commission on Fiscal Responsibility and Reform, Washington, D.C. www.federalreserve.gov/newsevents/speech/bernanke20100427a.htm 

April 27, 2010 - The Federal Reserve Board on Tuesday announced the execution of a Written Agreement by and among Liberty Financial Group, Inc., Eugene, Oregon, a registered bank holding company, the Federal Reserve Bank of San Francisco, and the Oregon Department of Consumer and Business Services, Division of Finance and Corporate Securities. www.federalreserve.gov/newsevents/press/enforcement/20100427b.htm 

April 27, 2010 - The Federal Reserve Board on Tuesday announced the execution of a Written Agreement by and between Sun West Capital Corporation, Las Vegas, Nevada, a registered bank holding company, and the Federal Reserve Bank of San Francisco. www.federalreserve.gov/newsevents/press/enforcement/20100427a.htm 

April 26, 2010 - The Federal Reserve Board on Monday announced the execution of a Written Agreement by and among East Dubuque Bancshares, Inc., East Dubuque, Illinois, a registered bank holding company, East Dubuque Savings Bank, Dubuque, Iowa, a state chartered member bank, and the Federal Reserve Bank of Chicago. www.federalreserve.gov/newsevents/press/enforcement/20100426a.htm

April 26, 2010 - Structural Shocks and the Comovements Between Output and Interest Rates - Elmar Mertens - Stylized facts on U.S. output and interest rates have so far proved hard to match with DSGE models. But model predictions hinge on the joint specification of economic structure and a set of driving processes.  www.federalreserve.gov/pubs/feds/2010/201021/index.html 

April 26, 2010 - Financial Market Shocks during the Great Depression - Alycia Chin and Missaka Warusawitharana - This study examines the effect of shocks observed in financial markets on output and employment during the Great Depression. We present three main findings. First, an adverse financial shock leads to a decline in the manufacturing sector's output and employment that peaks about 11 months afterward.   www.federalreserve.gov/pubs/feds/2010/201022/index.html 

April 23, 2010 - NCUA - St. Paul Croatian Federal Credit Union Placed In Conservatorship - St. Paul Croatian Federal Credit Union is Open and Operating; Member Accounts are Safe and Federally Insured. - The National Credit Union Administration today assumed control of the operations of St. Paul Croatian Federal Credit Union, a federally chartered and federally insured credit union headquartered in Eastlake, Ohio. www.ncua.gov/news/press_releases/2010/MA10-0423StPaulCroatianFCUPlacedInConservatorship.pdf

April 23, 2010 - Woodforest Bank to Pay Penalty and Restitution for Overdraft Protection Program Unfair to Consumers - OTS Proposes Guidance on Abusive Overdraft Practices -Woodforest Bank agreed today to pay a penalty of $400,000 and to refund an additional more than $12 million to consumers who were charged excessive fees for overdraft protection on bank accounts, the Office of Thrift Supervision announced. www.ots.treas.gov/?p=PressReleases&ContentRecord_id=2cf1106c-a72d-a2a6-0bb9-0e36dce9351b&ContentType_id=4c12f337-b5b6-4c87-b45c-838958422bf3 

April 23, 2010 - OCC Newsletter Focuses on Stimulus Programs and Economic Recovery - The Office of the Comptroller of the Currency today published Community Developments Investments, its on-line newsletter that describes how banks and their local partners can help promote the growth of the U.S. economy while aiding their own communities. www.occ.treas.gov/ftp/release/2010-48.htm 

April 23, 2010 - OCC Appoints Receiver for AMCORE Bank, N.A. - OCC Newsletter Focuses on Stimulus Programs and Economic Recovery - The Office of the Comptroller of the Currency today published Community Developments Investments, its on-line newsletter that describes how banks and their local partners can help promote the growth of the U.S. economy while aiding their own communities. www.occ.treas.gov/ftp/release/2010-48.htm 

April 23, 2010 - Harris National Association, Chicago, Illinois, Assumes All Of The Deposits Of Amcore Bank, National Association, Rockford, Illinois - Amcore Bank, National Association, Rockford, Illinois, was closed today by the Office of the Comptroller of the Currency, which appointed the Federal Deposit Insurance Corporation as receiver. To protect the depositors, the FDIC entered into a purchase and assumption agreement with Harris National Association, Chicago, Illinois, to assume all of the deposits of Amcore Bank, National Association. www.fdic.gov/news/news/press/2010/pr10084.html 

April 23, 2010 - MB Financial Bank, National Association, Chicago, Illinois, Assumes All Of The Deposits Of Broadway Bank, Chicago, Illinois - Broadway Bank, Chicago, Illinois, was closed today by the Illinois Department of Financial and 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 MB Financial Bank, National Association, Chicago, Illinois, to assume all of the deposits of Broadway Bank. www.fdic.gov/news/news/press/2010/pr10085.html 

April 23, 2010 - Republic Bank Of Chicago, Oak Brook, Illinois, Assumes All Of The Deposits Of Citizens Bank&Trust Company Of Chicago, Chicago, Illinois - Citizens Bank&Trust Company of Chicago, Chicago, Illinois, was closed today by the Illinois Department of Financial and 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 Republic Bank of Chicago, Oak Brook, Illinois, to assume all of the deposits of Citizens Bank&Trust Company of Chicago. www.fdic.gov/news/news/press/2010/pr10086.html 

April 23, 2010 - MB Financial Bank, National Association, Chicago, Illinois, Assumes All Of The Deposits Of New Century Bank, Chicago, Illinois - New Century Bank, Chicago, Illinois, was closed today by the Illinois Department of Financial and 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 MB Financial Bank, National Association, Chicago, Illinois, to assume all of the deposits of New Century Bank. www.fdic.gov/news/news/press/2010/pr10087.html 

April 23, 2010 - Northbrook Bank and Trust Company, Northbrook, Illinois, Assumes All of the Deposits of Lincoln Park Savings Bank, Chicago, Illinois - Lincoln Park Savings Bank, Chicago, Illinois, was closed today by the Illinois Department of Financial and 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 Northbrook Bank and Trust Company, Northbrook, Illinois, to assume all of the deposits of Lincoln Park Savings Bank. www.fdic.gov/news/news/press/2010/pr10088.html 

April 23, 2010 - First Midwest Bank, Itasca, Illinois, Assumes All of the Deposits of Peotone Bank and Trust Company, Peotone, Illinois - Peotone Bank and Trust Company, Peotone, Illinois, was closed today by the Illinois Department of Financial and 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 First Midwest Bank, Itasca, Illinois, to assume all of the deposits of Peotone Bank and Trust Company. www.fdic.gov/news/news/press/2010/pr10089.html 

April 23, 2010 - Wheaton Bank & Trust, Wheaton, Illinois, Assumes All of the Deposits of Wheatland Bank, Naperville, Illinois - Wheatland Bank, Naperville, Illinois, was closed today by the Illinois Department of Financial and 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 Wheaton Bank & Trust, Wheaton, Illinois, to assume all of the deposits of Wheatland Bank. www.fdic.gov/news/news/press/2010/pr10090.html 

April 23, 2010 - Credit and Liquidity Programs and the Balance Sheet - Recent balance sheet trends, weekly chart data update.   www.federalreserve.gov/monetarypolicy/bst_recenttrends.htm 

April 23, 2010 - Monthly Report on Credit and Liquidity Programs and the Balance Sheet - April 2010 Report.   www.federalreserve.gov/monetarypolicy/files/monthlyclbsreport201003.pdf 

April 23, 2010 - The Federal Reserve Board on Friday announced that it will hold four public hearings, beginning in July, on potential revisions to Regulation C, which implements the Home Mortgage Disclosure Act. The act requires mortgage lenders to provide detailed annual reports of their mortgage lending activity to regulators and the public. Consumers, community and consumer organizations, mortgage lenders, and other interested parties will be invited to participate in the hearings. www.federalreserve.gov/newsevents/press/bcreg/20100423a.htm 

April 23, 2010 - The Federal Reserve Board on Monday announced the execution of a Written Agreement by and among East Dubuque Bancshares, Inc., East Dubuque, Illinois, a registered bank holding company, East Dubuque Savings Bank, Dubuque, Iowa, a state chartered member bank, and the Federal Reserve Bank of Chicago. www.federalreserve.gov/newsevents/press/enforcement/20100426a.htm
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April 22, 2010 - Deposit Insurance Coverage - New Version of FDIC's Electronic Deposit Insurance Estimator Available - A new version of the FDIC's Electronic Deposit Insurance Estimator provides increased functionality and allows FDIC-insured institutions to customize and integrate EDIE into their Web sites. www.fdic.gov/news/news/financial/2010/fil10016.html

April 22, 2010 - OCC Announces New Electronic Interpretations and Actions - April 2010.  www.occ.treas.gov/interp/apr10/intapr10.htm 

April 22, 2010 - Payment Systems - Quarterly daylight overdraft data through 2010: Q1.  www.federalreserve.gov/paymentsystems/psr_data.htm 

April 22, 2010 - The Federal Reserve Board on Thursday announced the execution of a Written Agreement by and among The Bank of Currituck, Moyock, North Carolina, a state chartered member bank, the Federal Reserve Bank of Richmond, and the North Carolina Office of the Commissioner of Banks. www.federalreserve.gov/newsevents/press/enforcement/20100422b.htm 

April 22, 2010 - The Federal Reserve Board on Thursday announced the execution of a consent Cease and Desist Order by and among PB Financial Group, Inc., Denver, Colorado, a registered bank holding company, Premier Bank, Denver, Colorado, a state chartered member bank, the Federal Reserve Board, and the Colorado Division of Banking. www.federalreserve.gov/newsevents/press/enforcement/20100422a.htm 

April 21, 2010 - The Federal Reserve Banks pay interest on required reserve balances--balances held at Reserve Banks to satisfy reserve requirements--and on excess balances--balances held in excess of required reserve balances and contractual clearing balances. The Board of Governors has prescribed rules governing the payment of interest by Federal Reserve Banks in Regulation D.  www.federalreserve.gov/monetarypolicy/reqresbalances.htm 

April 21, 2010 - Basel Consultative Package - Comprehensive impact assessment of the capital and liquidity standards and frequently asked questions.   www.federalreserve.gov/bankinforeg/basel_cons_package.htm 

April 21, 2010 - Chairman Ben S. Bernanke - Brief Remarks - At the New $100 Note Unveiling Event, U.S. Treasury Department, Washington, D.C. www.federalreserve.gov/newsevents/speech/bernanke20100421a.htm 

April 21, 2010 - The Federal Reserve System on Wednesday released the 2009 annual comparative financial statements for the combined Federal Reserve Banks, the 12 individual Federal Reserve Banks, the limited liability companies that were created to respond to strains in financial markets, and the Board of Governors. The individual and combined Reserve Bank financial statements and those of the consolidated LLCs and the Board are audited annually by an independent auditing firm.. www.federalreserve.gov/newsevents/press/other/20100421b.htm 

April 21, 2010 - U.S. Government Unveils New Design for the $100 Note - Government to Currency Users: Know Its Features So You Can Know It's Real.  http://www.federalreserve.gov/newsevents/press/other/20100421a.htm 

April 21, 2010 - The Federal Reserve Board on Wednesday announced the termination of the enforcement action listed below. Terminations of enforcement actions are listed on the Federal Reserve's website, www.federalreserve.gov/boarddocs/enforcement, as they occur. Heritage Bank, Topeka, Kansas Prompt Corrective Action Directive dated March 26, 2009 Terminated April 13, 2010.   http://www.federalreserve.gov/newsevents/press/enforcement/20100421a.htm 

April 20, 2010 - Chairman Ben S. Bernanke - Lessons from the failure of Lehman Brothers - Before the Committee on Financial Services, U.S. House of Representatives, Washington, D.C. www.federalreserve.gov/newsevents/testimony/bernanke20100420a.htm 

April 20, 2010 - NCUA Issues Letter of Understanding and Agreement - Today the National Credit Union Administration has published a Letter of Understanding and Agreement previously entered into with the officials of Kappa Alpha Psi Federal Credit Union, Dallas, Texas. www.ncua.gov/news/press_releases/2010/MR10-0420LUA.pdf 

April 20, 2010 - Comptroller Dugan Addresses Federal Economic Development Forum - Comptroller of the Currency John C. Dugan discussed the role of the Community Reinvestment Act during a speech today before the Federal Economic Development Forum. www.occ.treas.gov/ftp/release/2010-47.htm 

April 20, 2010 - St. Louis Fed Launches "10,000-Hour Innovation Challenge" for Community Development Professionals - The Federal Reserve Bank of St. Louis officially kicked off the "10,000-Hour Innovation Challenge" today, inviting community development professionals from across the nation to join together to post and share their latest insights and solutions in a creative way. www.stlouisfed.org/newsroom/displayNews.cfm?article=664 

April 20, 2010 - FDIC Closes on Two Note Offerings Backed by Loans and Real Estate from Corus Bank and Franklin Bank, S.S.B - The Federal Deposit Insurance Corporation closed on two note offerings backed by performing and non-performing construction loans, residential loans and real estate owned assets formerly held by the FDIC as receiver for Corus Bank, N.A., Chicago, and Franklin Bank, S.S.B, Houston.  www.fdic.gov/news/news/press/2010/pr10083.html 

April 20, 2010 - The Federal Reserve Board on Tuesday announced the execution of a Written Agreement by and between Ameri-National Corporation, Overland Park, Kansas, a registered bank holding company, and the Federal Reserve Bank of Kansas City. www.federalreserve.gov/newsevents/press/enforcement/20100420a.htm 

April 19, 2010 - OCC Releases CRA Evaluations For 35 National Banks - 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 March 15, 2010 through April 14, 2010. The list contains only national banks and insured federal branches of foreign banks that have received ratings. The possible ratings are outstanding, satisfactory, needs to improve, and substantial noncompliance. www.occ.treas.gov/ftp/release/2010-46.htm 

April 19, 2010 - OCC, T Bank Enter Agreement to Reimburse Consumers - The Office of the Comptroller of the Currency has entered into a settlement agreement with T Bank, N. A., Dallas, TX that directs the Bank to make $5.1 million in restitution to over 60,000 consumers adversely affected by its relationships with a third party payment processor and several telemarketers and internet merchants. The Bank has agreed to make restitution by issuing checks directly to the affected consumers. The Bank is also required to pay a $100,000 civil money penalty to the U.S. Treasury. www.occ.treas.gov/ftp/release/2010-45.htm 

April 19, 2010 - Financial Statistics for the United States and the Crisis: What Did They Get Right, What Did They Miss, and How Should They Change? - Matthew J. Eichner, Donald L. Kohn, and Michael G. Palumbo - Although the instruments and transactions most closely associated with the financial crisis of 2008 and 2009 were novel, the underlying themes that played out in the crisis were familiar from previous episodes: Competitive dynamics resulted in excessive leverage and risk-taking by large, interconnected firms, in heavy reliance on short-term sources of funding to finance long-term and ultimately terribly illiquid positions, and in common exposures being shared by many major financial institutions. www.federalreserve.gov/pubs/feds/2010/201020/index.html 

April 19, 2010 - Governor Elizabeth A. Duke - Issues in Economic Development - At the International Economic Development Council's Federal Economic Development Forum, Alexandria, Virginia.  www.federalreserve.gov/newsevents/speech/duke20100419a.htm 

April 19, 2010 - The Federal Reserve Board in April will begin a statistical study of household finances, the Survey of Consumer Finances, that will provide policymakers with important insight into the economic condition of all types of American families. The 2010 survey will contain a new set of questions on households' small businesses. www.federalreserve.gov/newsevents/press/other/20100419a.htm 

April 19, 2010 - A new online publication to help consumers better understand how to protect themselves against harmful gift card practices was unveiled Monday by the Federal Reserve Board. www.federalreserve.gov/newsevents/press/other/20100419b.htm 

April 19, 2010 - The Federal Reserve Board on Monday announced the execution of a Written Agreement by and between First National Financial Services, Inc., Elk River, Minnesota, a registered bank holding company, and the Federal Reserve Bank of Minneapolis. www.federalreserve.gov/newsevents/press/enforcement/20100419a.htm 

April 16, 2010 - Whidbey Island Bank, Coupeville, Washington, Assumes All Of The Deposits Of City Bank, Lynnwood, Washington - City Bank, Lynnwood, Washington, was closed today by the Washington Department of Financial Institutions, which appointed the Federal Deposit Insurance Corporation as receiver. To protect the depositors, the FDIC entered into a purchase and assumption agreement with Whidbey Island Bank, Coupeville, Washington, to assume all of the deposits of City Bank. www.fdic.gov/news/news/press/2010/pr10082.html 

April 16, 2010 - Union Bank, National Association, San Francisco, California, Assumes All Of The Deposits Of Tamalpais Bank, San Rafael, California - Tamalpais Bank, San Rafael, California, was closed today by the California Department of Financial Institutions, which appointed the Federal Deposit Insurance Corporation as receiver. To protect the depositors, the FDIC entered into a purchase and assumption agreement with Union Bank, National Association, San Francisco, California, to assume all of the deposits of Tamalpais Bank. www.fdic.gov/news/news/press/2010/pr10081.html 

April 16, 2010 - Center Bank, Los Angeles, California, Assumes All Of The Deposits Of Innovative Bank, Oakland, California - Innovative Bank, Oakland, California, was closed today by the California Department of Financial Institutions, which appointed the Federal Deposit Insurance Corporation as receiver. To protect the depositors, the FDIC entered into a purchase and assumption agreement with Center Bank, Los Angeles, California, to assume all of the deposits of Innovative Bank. www.fdic.gov/news/news/press/2010/pr10080.html 

April 16, 2010 - OTS Closes First Federal Bank of North Florida and Appoints FDIC Receiver - The Office of Thrift Supervision today closed First Federal Bank of North Florida of Palatka, Florida, and appointed the Federal Deposit Insurance Corporation as receiver. www.ots.treas.gov/?p=PressReleases&ContentRecord_id=084e2dbb-a338-38ee-6c77-904743d5e3a8&ContentType_id=4c12f337-b5b6-4c87-b45c-838958422bf3 

April 16, 2010 - OCC Appoints Receiver for Riverside National Bank - The Office of the Comptroller of the Currency today appointed the Federal Deposit Insurance Corporation as receiver for Riverside National Bank, Fort Pierce, Florida. As of December 31, 2009, the bank had approximately $3.4 billion of total assets. www.occ.treas.gov/ftp/release/2010-44.htm 

April 16, 2010 - OCC Enforcement Actions - The Office of the Comptroller of the Currency today released new enforcement actions taken against national banks and individuals currently and formerly affiliated with national banks. www.occ.treas.gov/ftp/release/2010-43.htm 

April 16, 2010 - People's United Bank, Bridgeport, Connecticut, Assumes All of the Deposits of Butler Bank, Lowell, Massachusetts - Butler Bank, Lowell, Massachusetts, was closed today by the Massachusetts Division of Banks, which appointed the Federal Deposit Insurance Corporation as receiver. To protect the depositors, the FDIC entered into a purchase and assumption agreement with People's United Bank, Bridgeport, Connecticut, to assume all of the deposits of Butler Bank. www.fdic.gov/news/news/press/2010/pr10079.html 

April 16, 2010 - TD Bank, National Association, Wilmington, Delaware, Acquires All the Deposits of Three Florida Institutions - AmericanFirst Bank, Clermont; First Federal Bank of North Florida, Palatka; and Riverside National Bank of Florida, Fort Pierce - TD Bank, National Association Wilmington, Delaware, acquired the banking operations, including all the deposits, of three Florida-based institutions. To protect depositors, the Federal Deposit Insurance Corporation entered into a purchase and assumption agreement with TD Bank, N.A. www.fdic.gov/news/news/press/2010/pr10078.html 

April 16, 2010 - FDIC Approves The Payout Of The Insured Deposits Of Lakeside Community Bank, Sterling Heights, Michigan - The Federal Deposit Insurance Corporation approved the payout of the insured deposits of Lakeside Community Bank, Sterling Heights, Michigan. The bank was closed today by the Michigan Office of Financial and Insurance Regulation, which appointed the FDIC as receiver. www.fdic.gov/news/news/press/2010/pr10077.html 

April 16, 2010 - Credit and Liquidity Programs and the Balance Sheet - Recent balance sheet trends, weekly chart data update www.federalreserve.gov/monetarypolicy/bst_recenttrends.htm 
____________________

April 15, 2010 - Comptroller Dugan Calls 2009 Stress Tests a Great Success - Comptroller of the Currency John C. Dugan said today that last year's stress tests, which were launched at a time of extraordinary economic uncertainty, played a crucial role in restoring market confidence in the nation's large banks. www.occ.treas.gov/ftp/release/2010-42.htm 

April 15, 2010 - St. Louis Fed's Bullard Addresses "Containing Risk in the New Global Financial Landscape" - In remarks today to the 19th Annual Hyman P. Minsky Conference, St. Louis Fed President James Bullard assessed the state of the regulatory reform debate.    www.stlouisfed.org/newsroom/displayNews.cfm?article=660 

April 15, 2010 - St. Louis Experts To Join National Community Development Leaders for "Exploring Innovation" Week; HUD's Poticha To Address Housing Conference Friday - St. Louis-region community development experts will join national leaders at the Federal Reserve Bank of St. Louis as part of the Bank's "New Voices, Fresh Ideas-The Future of Community Development" conference the week of April 19. www.stlouisfed.org/newsroom/displayNews.cfm?article=661 

April 15, 2010 - Statistical Release - G.17 Industrial Production - Industrial production edged up 0.1 percent in March and increased at an annual rate of 7.8 percent in the first quarter. Manufacturing output rose 0.9 percent in March, led by widespread gains among durable goods industries.   www.federalreserve.gov/releases/g17/Current/default.htm 

April 15, 2010 - Federal Regulators Release Model Consumer Privacy Notice Online Form Builder - Eight federal regulators released an Online Form Builder today that financial institutions can download and use to develop and print customized versions of a model consumer privacy notice.
Press Release: www.federalreserve.gov/newsevents/press/bcreg/20100415a.htm 
Press Release: www.fdic.gov/news/news/press/2010/pr10076.html 
Press Release: www.occ.treas.gov/ftp/release/2010-41.htm 
Press Release: www.ots.treas.gov/?p=PressReleases&ContentRecord_id=fe082236-adaf-a433-1922-6c1f552665b2&ContentType_id=4c12f337-b5b6-4c87-b45c-838958422bf3 
Press Release: www.ncua.gov/news/press_releases/2010/JR10-0415OnlineFormBuilder.pdf 

April 14, 2010 - Overdraft Protection: Opt-in Requirements and Related Marketing Issues - Guidance on implementation of final rule for overdraft opt-in requirements and a reminder to national banks that materials associated with the opt-in procedures must comply with FTC standards. www.occ.treas.gov/ftp/bulletin/2010-15.html 

April 14, 2010 - Little Rock Experts To Participate in St. Louis Fed's "Exploring Innovation" Week Events - Little Rock-area community development experts are slated to discuss "Restructuring and Retooling Community Development in Arkansas" during the St. Louis Fed's Little Rock Branch's "New Voices, Fresh Ideas-The Future of Community Development" conference on April 20.  www.stlouisfed.org/newsroom/displayNews.cfm?article=651 

April 14, 2010 - Memphis Experts To Participate in St. Louis Fed's "Exploring Innovation" Week Events - Memphis-area community development experts are slated to discuss "Restructuring and Retooling Community Development In Tennessee" during the St. Louis Fed's Memphis Branch's "New Voices, Fresh Ideas - The Future of Community Development" conference on April 20.  www.stlouisfed.org/newsroom/displayNews.cfm?article=650
 
April 14, 2010 - St. Louis Fed-Louisville Announces New Location for April 20 "Exploring Innovation" Videoconference - The Louisville Branch of the Federal Reserve Bank of St. Louis has announced a change in location for its "Restructuring and Retooling for the Future" live videoconference on Tuesday, April 20. www.stlouisfed.org/newsroom/displayNews.cfm?article=649 

April 14, 2010 - Interest on Required Reserve Balances and Excess Balances - Maintenance period ending April 14, 2010.   www.federalreserve.gov/monetarypolicy/reqresbalances.htm 

April 14, 2010 - Beige Book - Informal review by the Federal Reserve Banks of current economic conditions in their Districts.   www.federalreserve.gov/fomc/beigebook/2010/20100414/default.htm 

April 14, 2010 - Chairman Ben S. Bernanke - Economic outlook - Before the Joint Economic Committee, U.S. Congress, Washington, D.C. www.federalreserve.gov/newsevents/testimony/bernanke20100414a.htm 

April 14, 2010 - The Federal Reserve Board on Wednesday announced the termination of the enforcement action listed below. Terminations of enforcement actions are listed on the Federal Reserve's public web site, www.federalreserve.gov/boarddocs/enforcement, as they occur. www.federalreserve.gov/newsevents/press/enforcement/20100414b.htm 

April 13, 2010 - Chairman Ben S. Bernanke - Fostering Financial Literacy - At the National Bankers Association Foundation Financial Literacy Summit Reception, Washington, D.C. www.federalreserve.gov/newsevents/speech/bernanke20100413a.htm 

April 13, 2010 - Transaction Account Guarantee Extension Interim Final Rule - On April 13, 2010, the FDIC adopted the attached interim final rule extending the Transaction Account Guarantee component of the Temporary Liquidity Guarantee Program for six months, through December 31, 2010, with the possibility of extending the program an additional 12 months without further rulemaking.   www.fdic.gov/news/news/financial/2010/fil10015.html 

April 13, 2010 - Assessments Notice of Proposed Rulemaking - On April 13, 2010, the FDIC Board adopted the attached Notice of Proposed Rulemaking, which would (1) revise the risk-based assessment system for all large insured depository institutions; and (2) alter the initial and total base assessment rates for all insured depository institutions.  www.fdic.gov/news/news/financial/2010/fil10014.html 

April 13, 2010 - FDIC Board of Directors Approves Extension of Transaction Account Guarantee Program - The Board of Directors of the Federal Deposit Insurance Corporation today approved an interim rule to extend the Transaction Account Guarantee program to December 31, 2010.   www.fdic.gov/news/news/press/2010/pr10075.html 

April 13, 2010 - FDIC Board of Directors Approves Notice of Proposed Rulemaking to Revise Deposit Insurance Assessments - The Board of Directors of the Federal Deposit Insurance Corporation today approved a Notice of Proposed Rulemaking to revise the deposit insurance assessment system for large institutions, which pose unique and concentrated risks to the Deposit Insurance Fund.   www.fdic.gov/news/news/press/2010/pr10074.html 

April 13, 2010 - Governor Daniel K. Tarullo - Involving Markets and the Public in Financial Regulation - At the Council of Institutional Investors Meeting, Washington, D.C. www.federalreserve.gov/newsevents/speech/tarullo20100413a.htm 

April 13, 2010 - The Federal Reserve Board on Tuesday released its discount rate minutes from February 17 through March 15, 2010. www.federalreserve.gov/newsevents/press/monetary/20100413b.htm 

April 13, 2010 - The Federal Reserve Board on Tuesday announced the execution of a Written Agreement by and between Access Bancshares, Inc., Champlin, Minnesota, a registered bank holding company, and the Federal Reserve Bank of Minneapolis.   www.federalreserve.gov/newsevents/press/enforcement/20100413a.htm 

April 12, 2010 - NCUA - Board Member Hyland Announces Release of Supplemental Capital - National Credit Union Administration Board
Member Gigi Hyland announced today the release of a White Paper on supplemental capital. The White Paper, prepared by an internal working group at NCUA, is the culmination of an initiative that Board Member Hyland launched in December 2008 to accelerate consideration of supplemental capital approaches. www.ncua.gov/news/press_releases/2010/MA10-0412HylandAnnouncesReleaseofSupplementalCapitalWhitePaper.pdf 

April 12, 2010 - The Federal Reserve Board on Monday announced the appointment of William B. English as director of the Division of Monetary Affairs, effective July 23, 2010. www.federalreserve.gov/newsevents/press/other/20100412a.htm 

April 9, 2010 - OCC Appoints Receiver for Beach First National Bank - The Office of the Comptroller of the Currency today appointed the Federal Deposit Insurance Corporation as receiver for Beach First National Bank, Myrtle Beach, South Carolina. As of December 31, 2009, the bank had approximately $602 million of total assets.  http://www.occ.treas.gov/ftp/release/2010-40.htm

April 9, 2010 - Bank of North Carolina, Thomasville, North Carolina, Assumes All of the Deposits of Beach First National Bank, Myrtle Beach, South Carolina - Beach First National Bank, Myrtle Beach, South Carolina, was closed today by the Office of the Comptroller of the Currency, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. To protect the depositors, the FDIC entered into a purchase and assumption agreement with Bank of North Carolina, Thomasville, North Carolina, to assume all of the deposits of Beach First National Bank. www.fdic.gov/news/news/press/2010/pr10073.html 

April 9, 2010 - NCUA - Matz Provides Insights into Future of Corporate Credit Unions - NCUA Chairman Envisions "Fewer Corporates, But Stronger Corporates" - Responding to questions after speaking to 800 officials at the Texas Credit Union League Annual Meeting in Grapevine, Texas, National Credit Union Administration Chairman Debbie Matz provided further insights into the future of the corporate credit union system. www.ncua.gov/news/press_releases/2010/MA10-0409MatzProvidesInsightsintoCorporateCUsFuture.pdf 

April 9, 2010 - Credit and Liquidity Programs and the Balance Sheet - Recent balance sheet trends, weekly chart data update.  www.federalreserve.gov/monetarypolicy/bst_recenttrends.htm 

April 8, 2010 - Speech by Chairman Ben S. Bernanke - Economic Policy: Lessons from History - At the 43rd Annual Alexander Hamilton Awards Dinner, Center for the Study of the Presidency and Congress, Washington, D.C. www.federalreserve.gov/newsevents/speech/bernanke20100408a.htm
_________________

April 8, 2010 - Chicago Fed Letter - Getting Sick and Paying for It - Svetlana Pashchenko - In certain situations, Americans who become chronically ill have to pay higher rates to continue their health insurance coverage. Indeed, although the majority of Americans are insured, hardly anyone is fully protected against the risk that their next insurance policy will cost considerably more than their current one. www.chicagofed.org/digital_assets/publications/chicago_fed_letter/2010/cflmay2010_274.pdf 

April 8, 2010 - South End Mutual Benefit Association, Inc. Closes - Connecticut Department of Banking Appoints NCUA Liquidating Agent; Member Funds Are Insured.  www.ncua.gov/news/press_releases/2010/MA10-0408SouthEndMutualBenefitAssoc.pdf 

April 8, 2010 - Comptroller Dugan Testifies Before the FCIC - Comptroller of the Currency John C. Dugan told the Financial Crisis Inquiry Commission that a key factor in the financial crisis was poor credit underwriting, particularly by nonbank lenders that were subject to little or no regulation, and said action is needed. www.occ.treas.gov/ftp/release/2010-39.htm 

April 8, 2010 - St. Louis Fed President James Bullard Will Speak at Levy Institute's Annual Hyman Minsky Conference.   www.stlouisfed.org/newsroom/displayNews.cfm?article=656 

April 8, 2010 - Statistical Release - G.20 Finance Companies.  www.federalreserve.gov/releases/g20/current/g20.htm 

April 8, 2010 - Structure and Share Data for U.S. Banking Offices of Foreign Entities - Data are collected as of the end of the month for March, June, September and December, and generally are released three months later. www.federalreserve.gov/releases/iba/default.htm 

April 8, 2010 - Vice Chairman Donald L. Kohn - The Economic Outlook - At the Federal Reserve Bank of San Francisco Community Leaders Luncheon, San Francisco, California.  www.federalreserve.gov/newsevents/speech/kohn20100408a.htm 

April 8, 2010 - Governor Daniel K. Tarullo - The Present and Future of Community Banking - At the Federal Reserve Bank of New York Community Bankers' Conference, New York, New York.  www.federalreserve.gov/newsevents/speech/tarullo20100408a.htm 

April 8, 2010 - Governor Elizabeth A. Duke - The Importance of Financial Education - At the Jump$tart Coalition Investing in Our Future: Financial Education and Washington Event, Washington, D.C. www.federalreserve.gov/newsevents/speech/duke20100408a.htm 

April 8, 2010 - The Federal Reserve Board on Thursday announced the execution of a Written Agreement by and between Rosemount Financial Services, Inc., Rosemount, Minnesota, a registered bank holding company, and the Federal Reserve Bank of Minneapolis. www.federalreserve.gov/newsevents/press/enforcement/20100408a.htm 

April 7, 2010 - St. Louis Fed's Regional Economist Examines Outlook for Economic Recovery - The April 2010 issue of The Regional Economist, the Federal Reserve Bank of St. Louis' quarterly review of business and economic conditions, takes a look back at what led to the recent financial crisis and examines the possible scenarios the world faces as it enters a period of recovery. www.stlouisfed.org/newsroom/displayNews.cfm?article=654 

April 7, 2010 - Statement of FDIC Chairman Sheila C. Bair on the SEC Proposal for New Standards for Asset-Backed Securities - FDIC Chairman Sheila C. Bair said, "I applaud today's vote by the SEC to propose new standards under the securities laws for the securitization market. These proposals include essential elements of reform that emphasize transparency, loan quality, risk retention and investor due-diligence, which will help provide appropriate economic incentives to foster a sustainable securitization market. www.fdic.gov/news/news/press/2010/statement_chairman_bair.html 

April 7, 2010 - Interest on Required Balances and Excess Balances - The Federal Reserve Banks pay interest on required reserve balances--balances held at Reserve Banks to satisfy reserve requirements--and on excess balances--balances held in excess of required reserve balances and contractual clearing balances. The Board of Governors has prescribed rules governing the payment of interest by Federal Reserve Banks in Regulation D www.federalreserve.gov/monetarypolicy/reqresbalances.htm 

April 7, 2010 - Open Government Initiative - Open Government Plan - Overview of the Federal Reserve. The Board, an independent and self-funding federal government agency, the 12 Federal Reserve Banks located in designated districts across the country, and the Federal Open Market Committee form the Federal Reserve System -- the nation's central bank. www.federalreserve.gov/open/OpenGovernmentPlan.pdf 

April 7, 2010 - Statistical Release, - G.19 Consumer Credit - Consumer credit decreased at an annual rate of 5-1/2 percent in February 2010. Revolving credit decreased at an annual rate of 13 percent, and nonrevolving credit decreased at an annual rate of 1-1/2 percent. www.federalreserve.gov/releases/g19/current/g19.htm 

April 7, 2010 - Chairman Ben S. Bernanke - Economic Challenges: Past, Present, and Future - At the Dallas Regional Chamber, Dallas, Texas.   www.federalreserve.gov/newsevents/speech/20100407a.htm 

April 7, 2010 - The Federal Reserve Board on Thursday announced the execution of a Written Agreement by and among FCB Florida Bancorporation, Inc., Orlando, Florida, a registered bank holding company, First Commercial Bank of Florida, Orlando, Florida, a state chartered member bank, the Federal Reserve Bank of Atlanta, and the State of Florida Office of Financial Regulation. www.federalreserve.gov/newsevents/press/enforcement/20100407a.htm 
 
April 6, 2010 - Midwest Manufacturing Output Decreased in February - The Chicago Fed Midwest Manufacturing Index decreased 0.8% in February, to a seasonally adjusted level of 82.6. www.chicagofed.org/webpages/research/data/cfmmi/data_series.cfm 

April 6, 2010 - The Federal Reserve Board and the Federal Open Market Committee on Tuesday released the attached minutes of the Committee meeting held on March 16, 2010. www.federalreserve.gov/newsevents/press/monetary/20100406a.htm 

April 6, 2010 - The Federal Reserve Board on Tuesday announced the execution of a Written Agreement by and among Atlantic Southern Financial Group, Inc., Macon, Georgia, a registered bank holding company, the Federal Reserve Bank of Atlanta, and the Banking Commissioner of the State of Georgia. www.federalreserve.gov/newsevents/press/enforcement/20100406a.htm 

April 5, 2010 - Funding and Liquidity Risk Management - Interagency Guidance - The federal banking agencies and the National Credit Union Administration (collectively, the agencies) recently issued guidance to provide sound practices for managing funding and liquidity risk and strengthening liquidity risk management practices.  www.fdic.gov/news/news/financial/2010/fil10013.html  

April 5, 2010 - The Federal Reserve Board on Monday announced the execution of a Written Agreement by and between Citizens Bancshares of Woodville, Inc., Hudson, Wisconsin, a registered bank holding company, and the Federal Reserve Bank of Minneapolis. www.federalreserve.gov/newsevents/press/enforcement/20100405a.htm 

April 2, 2010 - NCUA Activates Disaster Assistance in Response to Storms and Flooding - The National Credit Union Administration has activated its disaster relief policy to assist credit unions and their members affected by the severe storms and flooding in the nation's northeast. www.ncua.gov/news/press_releases/2010/MR10-0402NortheastStorms.pdf 

April 2, 2010 - Comptroller of the Currency Hosts Community Bank Directors Workshop in Chicago - The Office of the Comptroller of the Currency will host a workshop for directors of nationally chartered community banks in Chicago, at the InterContinental Chicago Hotel, May 17-19, 2010. www.occ.treas.gov/ftp/release/2010-38.htm 

April 2, 2010 - FDIC Advisory Committee Seeks Comment on Templates to Increase Supply of Safe Transactional and Savings Products - The Federal Deposit Insurance Corporation Advisory Committee on Economic Inclusion met on Thursday, April 1, to discuss the design and distribution of safe transactional and savings accounts for low- and moderate-income consumers, many of whom are underserved, as well as the committee's strategic focus going forward. www.fdic.gov/news/news/press/2010/pr10072.html 

April 2, 2010 - FDIC Issues List of Banks Examined for CRA Compliance - The Federal Deposit Insurance Corporation today issued its list of state nonmember banks recently evaluated for compliance with the Community Reinvestment Act. The list covers evaluation ratings that the FDIC assigned to institutions in January 2010. www.fdic.gov/news/news/press/2010/pr10071.html 

April 2, 2010 - General-Equilibrium Effects of Investment Tax Incentives - Rochelle M. Edge and Jeremy B. Rudd - This paper develops a new-Keynesian model with nominal depreciation allowances to consider the effects of temporary tax-based investment incentives on capital spending and real activity. In particular, we investigate the effects of a temporary expensing allowance on investment in partial and general equilibrium and challenge the conventional view, advanced by Auerbach and Summers (1979) and Judd (1985), that partial-equilibrium analyses overstate the calculated impact of such policies. www.federalreserve.gov/pubs/feds/2010/201017/index.html 

April 2, 2010 - Commercial and Residential Land Prices Across the United States - Joseph B. Nichols, Stephen D. Oliner, and Michael R. Mulhall - We use a national dataset of land sales to construct land price indexes for 23 MSAs in the United States and for the aggregate of those MSAs. We construct the price indexes by estimating hedonic regressions with a large sample of land transactions dating back to the mid-1990s. The regressions feature a flexible method of controlling for spatial price patterns within an MSA. www.federalreserve.gov/pubs/feds/2010/201016/index.html 

April 2, 2010 - Credit and Liquidity Programs and the Balance Sheet - Recent balance sheet trends, weekly chart data update www.federalreserve.gov/monetarypolicy/bst_recenttrends.htm
__________________________

April 1, 2010 - Comptroller of the Currency Hosts Community Bank Directors Workshop in Chicago - The Office of the Comptroller of the Currency will host a workshop for directors of nationally chartered community banks in Chicago, at the InterContinental Chicago Hotel, May 17-19, 2010. www.occ.treas.gov/ftp/release/2010-38.htm 

April 1, 2010 - Guidance to Help Financial Institutions and Facilitate Recovery in the Areas of Rhode Island and Massachusetts Affected by Severe Storms and Flooding - The FDIC has announced a series of steps intended to provide regulatory relief to financial institutions and facilitate recovery in the areas of Rhode Island and Massachusetts affected by severe storms and flooding. www.fdic.gov/news/news/financial/2010/fil10012.html 

April 1, 2010 - Consolidated Reports of Condition and Income for First Quarter 2010 - The attached materials pertain to the Consolidated Reports of Condition and Income for the March 31, 2010, report date. Please plan to complete the preparation, editing, and review of your bank's Call Report data and the submission of these data to the agencies' Central Data Repositor as early as possible.  www.fdic.gov/news/news/financial/2010/fil10011.html 

April 1, 2010 - FDIC Announces Winning Bidder of $490 Million in Loans - The Federal Deposit Insurance Corporation has closed on a sale of an equity interest in a limited liability company created to hold certain assets transferred from 19 failed bank receiverships. The purchaser of the interest in the Multibank Structured Transaction Single Family Residential 2010-1 is Roundpoint Mortgage Servicing Corporation. www.fdic.gov/news/news/press/2010/pr10070.html 

April 1, 2010 - Statistical Release - G.5 Foreign Exchange Rates.  www.federalreserve.gov/releases/g5/current/default.htm 

April 1, 2010 - Mobile Finance Forum - Audio files and transcripts now available - "Cash, Check, or Cell Phone?" Protecting Consumers in a Mobile Finance World, an Emerging Issues Forum organized by the Federal Reserve Board, was held from 8:30 am-5:00 pm Tuesday, February 23, 2010, at the Board's Martin Building in Washington, D.C. www.federalreserve.gov/communityaffairs/national/2010mobile/default.htm 

April 1, 2010 - Statistical Release - Minority-Owned Banks.  www.federalreserve.gov/releases/mob/current/ 

April 1, 2010 - The Federal Reserve Board on Thursday announced the execution of a Written Agreement by and between Independent Bancshares, Inc., Ocala, Florida, a registered bank holding company, and the Federal Reserve Bank of Atlanta. www.federalreserve.gov/newsevents/press/enforcement/20100401b.htm 

April 1, 2010 - The Federal Reserve Board on Thursday announced the execution of a Written Agreement by and among First Banks, Inc., St. Louis, Missouri, The San Francisco Company, Clayton, Missouri, both registered bank holding companies, their subsidiary bank, First Bank, Creve Coeur, Missouri, a state chartered member bank, and the Federal Reserve Bank of St. Louis.
www.federalreserve.gov/newsevents/press/enforcement/20100401a.htm

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