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Bank Regulatory News

January 2007

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January 31, 2007 - Comptroller Dugan Supports Moratorium On ILCs with Commercial Affiliations And Urges Congress to Address Anomalous Treatment of ILC Holding Companies - Comptroller of the Currency John C. Dugan voted today for a one-year moratorium on applications for deposit insurance by industrial loan companies with commercial affiliations, saying that Congress should have an opportunity to consider the issue. www.occ.treas.gov/ftp/release/2007-9.htm 

January 31, 2007 - Federal Reserve Bank of St. Louis Announces Changes to Memphis Branch Board - The Federal Reserve Bank of St. Louis announced the following changes to its Memphis Branch board of directors. www.stlouisfed.org/news/releases/2007/01_31_07.html 

January 31, 2007 - The FDIC Board of Directors voted to continue for one year a moratorium on applications for deposit insurance and change in control notices for industrial loan companies that will be owned by commercial companies. The moratorium does not apply to ILCs owned by financial companies. In addition, the Board voted to issue for public comment a proposed rule (Part 354) to strengthen the framework for consideration of applications or notices for industrial banks owned by financial companies not subject to federal consolidated bank supervision. www.fdic.gov/news/news/press/2007/pr07007.html 

January 31, 2007 - OCC Announces New Electronic Interpretations and Actions - January 2007.   www.occ.treas.gov/interp/jan07/intjan07.htm 

January 31, 2007 - The Federal Open Market Committee decided today to keep its target for the federal funds rate at 5-1/4 percent. www.federalreserve.gov/boarddocs/press/monetary/2007/20070131/default.htm 

January 30, 2007 - NCUA Outreach Task Force Holds First Meeting - The National Credit Union Administration Outreach Task Force held its first meeting at NCUA headquarters today. The thirteen member group had an opportunity to meet each other and conduct an initial discussion on the recommendations of NCUA's Member Service Assessment Pilot and the GAO Report on credit unions' service and senior executive compensation arrangements. www.ncua.gov/news/press_releases/2007/MA07-0130-2.htm 

January 30, 2007 - OTS Director Reich Applauds Efforts of The Financial Literacy and Education Commission - Office of Thrift Supervision Director John Reich applauded the efforts of the Financial Literacy and Education Commission today at its 10th meeting. Reich recognized the efforts of the Commission in promoting awareness of the importance of financial education at all stages of life. www.ots.treas.gov/docs/7/777003.html 

January 30, 2007 - Compliance Examination Handbook Revised Handbook Now Available - The FDIC has revised its Compliance Examination Handbook. The new handbook contains the FDIC's compliance examination policies and procedures in effect as of June 2006. It also includes revised Community Reinvestment Act examination procedures and performance evaluations. www.fdic.gov/news/news/financial/2007/fil07010.html 

January 30, 2007 - Bank Secrecy Act - The SAR Activity Review, November 2006 Issue - The Financial Crimes Enforcement Network has issued the seventh edition (November 2006) of The SAR Activity Review By the Numbers. www.fdic.gov/news/news/financial/2007/fil07009.html 

January 30, 2007 - Exceptions for Banks from the Definition of Broker - Proposed Regulation R Request for Comment by the SEC and Federal Reserve - The FDIC is notifying FDIC-supervised banks of the attached joint proposed rulemaking by the Securities and Exchange Commission and the Board of Governors of the Federal Reserve System that would implement the statutory exceptions from the definition of "broker" contained in the Gramm-Leach-Bliley Act.   www.fdic.gov/news/news/financial/2007/fil07008.html 

January 30, 2007 - Statistical Release - U.S. Reserve Assets; Foreign Official Assets Held at Federal Reserve Banks.   www.federalreserve.gov/releases/bulletin/default.htm 

January 29, 2007 - Can Ethanol Power the Rural Economy? www.kc.frb.org/pubaffrs/pressrel/2007pdfs/pr07-02.pdf 

January 26, 2007 - Repeal of Certain Reporting Requirements Final Rule Repealing Part 349 - The FDIC Board of Directors has approved the attached final rule repealing FDIC Part 349, Reports and Public Disclosure of Indebtedness of Executive Officers and Principal Shareholders to a State Nonmember Bank and its Correspondent Banks. The final rule became effective on December 22, 2006. www.fdic.gov/news/news/financial/2007/fil07007.html 

January 26, 2007 - NCUA Issues Guidance on Using Automated Valuation Methods to Evaluate Collateral - NCUA opines in-house review of market valuations provided by an AVM meets regulatory requirements for written estimate of value. www.ncua.gov/news/press_releases/2007/MR07-0126.htm 

January 26, 2007 - OCC and Mississippi Banking Department Agree to Share Consumer Complaint Information - Mississippi Department of Banking and Consumer Finance Commissioner John Allison and Office of the Comptroller of the Currency Ombudsman Samuel P. Golden have signed a Memorandum of Understanding that provides a mechanism for sharing consumer complaint information between their two regulatory agencies. www.occ.treas.gov/ftp/release/2007-8.htm

January 25, 2007 - Registered Transfer Agents: Transfer Agent Registration, Annual Reporting, and Withdrawal from Registration - Securities and Exchange Commission amendments require registered transfer agents to file Form TA-2 electronically through its data-gathering system no later than March 31. http://www.occ.treas.gov/ftp/bulletin/2007-6.html

January 25, 2007 - Career Opportunities - As the central bank of the United States, the Federal Reserve's mission is to provide the nation with a safer, more flexible, and more stable monetary and financial system. For us to succeed in meeting this public mandate, we depend on the expertise, judgment, integrity, and dedication of employees with various skills, backgrounds, and training. As a Federal Reserve staff member, you will play a critical role in accomplishing this mission. www.federalreserve.gov/careers/default.htm 

January 24, 2007 - Bank Securities Activities: SEC's and Federal Reserve's Proposed Regulation R - Proposed rules would define the SEC's oversight of banks' securities brokerage activities and exempt banks from certain broker-dealer registration.  www.occ.treas.gov/ftp/bulletin/2007-5.html 

January 24, 2007 - NCUA Issues Prohibition Orders - www.ncua.gov/news/press_releases/2007/MR07-0124.htm 

January 24, 2007 - Home Mortgage Disclosure Act: Exemption Threshold for Depository Institutions under Regulation C - Amendment to interpretation of Regulation C of Home Mortgage Disclosure Act raises asset size threshold of exemption for depository institutions required to report data; effective January 1. www.occ.treas.gov/ftp/bulletin/2007-4.html 

January 24, 2007 - The Federal Reserve Board on Wednesday announced the issuance of a consent Order of Assessment of a Civil Money Penalty against Pacific Mercantile Bank, Costa Mesa, California, a state member bank. Pacific Mercantile Bank, without admitting to any allegations, consented to the issuance of the Order in connection with its alleged violations of the Board's Regulations implementing the National Flood Insurance Act. www.federalreserve.gov/boarddocs/press/Enforcement/2007/200701242/default.htm 

January 24, 2007 - The Federal Reserve Board and the New York State Banking Department on Wednesday announced the execution of a Written Agreement by and among Sumitomo Mitsui Banking Corporation, Tokyo, Japan; the bank's branch in New York, New York; the Federal Reserve Bank of New York; and the New York State Banking Department. www.federalreserve.gov/boarddocs/press/Enforcement/2007/20070124/default.htm 

January 23, 2007 - NCUA - Regultory Alert 07-RA-01- Home Mortgage Disclosure Act Data Collection Requirements for 2007.   www.ncua.gov/reg_alerts/2007/07-RA-01.pdf 

January 22, 2007 - Community Reinvestment Act: Small Bank Asset Threshold and Other Regulatory Revisions - increase the asset size that define a "small bank" and an "intermediate small bank" and 2) clarify the relationship of the regulation's section 25.26 to Appendix A.   www.occ.treas.gov/ftp/bulletin/2007-3.html 

January 22, 2007 - OTS Appoints Susan L. Chomicz Deputy Chief Counsel for Enforcement -The Office of Thrift Supervision announced today the appointment of Susan L. Chomicz as Deputy Chief Counsel for Enforcement. In this position, Ms. Chomicz will report to the OTS Chief Counsel, John E. Bowman, and will be responsible for overseeing the handling of all legal work in connection with pending enforcement matters at the OTS. www.ots.treas.gov/docs/7/777002.html 

January 22, 2007 - Predatory Lending - FDIC's Supervisory Policy on Predatory Lending - The attached FDIC Supervisory Policy on Predatory Lending describes certain characteristics of predatory lending, and reaffirms that such activities are inconsistent with safe and sound lending and undermine individual, family and community economic well-being. www.fdic.gov/news/news/financial/2007/fil07006.html 

January 19, 2007 - Federal Reserve Bank of St. Louis Announces Changes to Louisville Branch Board.   www.stlouisfed.org/news/releases/2007/01_19_07.html

January 19, 2007 - Federal Reserve Bank of St. Louis Announces Changes to Little Rock Branch Board and Headquarters Board.   www.stlouisfed.org/news/releases/2007/01_19_07b.html

January 19, 2007 - OCC Releases CRA Evaluations For 36 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 December 15, 2006 through January 14, 2007. www.occ.treas.gov/ftp/release/2007-7.htm 

January 19, 2007 - NCUA Issues Prohibition Orders www.ncua.gov/news/press_releases/2007/MR07-0119.htm 

January 18, 2007 - Governor Susan Schmidt Bies - Economic Outlook and Developments in Mortgage Markets - At the Eller College of Management Distinguished Speaker Series, Tucson, Arizona www.federalreserve.gov/boarddocs/speeches/2007/20070118/default.htm _________________________________

January 18, 2007 - Comptroller Dugan Highlights Importance of Financial Literacy Programs - Comptroller of the Currency John C. Dugan highlighted the importance of financial literacy programs in remarks today for a telephone conference sponsored by the American Bankers Association. www.occ.treas.gov/ftp/release/2007-6.htm 

January 18, 2007 - Community Affairs Conferences - Fifth Community Affairs Research Conference, March 29-30, 2007.   www.federalreserve.gov/communityaffairs/national/2007researchconf/ 

January 18, 2007 - Testimony of Chairman Ben S. Bernanke - Before the Committee on the Budget, U.S. Senate.   www.federalreserve.gov/boarddocs/testimony/2007/20070118/default.htm 

January 17, 2007 - 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/2007-5.htm 

January 17, 2007 - NCUA Issues 2007 Regulatory Review List - The National Credit Union Administration has posted its 2007 Regulatory Review List, which includes the regulations the Board has scheduled to review this year. www.ncua.gov/news/press_releases/2007/MR07-0117.htm 

January 17, 2007 - Comptroller John C. Dugan Highlights Important Role Played by the OCC's Consumer Complaint Function - Comptroller of the Currency John C. Dugan today highlighted the OCC's efforts to assist national bank customers with questions and complaints, and said the information gathered from that process has a direct impact upon bank supervision and bank retail practices generally. www.occ.treas.gov/ftp/release/2007-4.htm 

January 17, 2007 - Beige Book - Informal review by the Federal Reserve Banks of current economic conditions in their Districts.   www.federalreserve.gov/fomc/beigebook/2007/default.htm 

January 17, 2007 - Industrial Production And Capacity Utilization - Industrial production rose 0.4 percent in December after a decrease of 0.1 percent in November. Output in November was previously estimated to have advanced; weaker data for a number of industries, particularly steel, led to the downward revision. www.federalreserve.gov/releases/g17/current/default.htm 

January 17, 2007 - Governor Frederic S. Mishkin - The Role of House Prices in Formulating Monetary Policy - At the Forecasters Club of New York, New York, New York www.federalreserve.gov/boarddocs/speeches/2007/20070117/default.htm 

January 16, 2007 - A Primer on the Macroeconomic Implications of Population Aging - Louise Sheiner, Daniel Sichel , and Lawrence Slifman - The composition of the U.S. population will change significantly in coming decades as the decline in fertility rates following the baby boom, coupled with increasing longevity, leads to an older population. This demographic shift will likely have a dramatic effect on the long-run prospects for living standards. www.federalreserve.gov/pubs/feds/2007/200701/index.html 

January 16, 2007 - NCUA General Counsel Opinion 06-1135 - Federal Credit Union's Ability to Provide First-time Homebuyer.   www.ncua.gov/RegulationsOpinionsLaws/opinion_letters/2006/06-1135.pdf 

January 16, 2007 - NCUA General Counsel Opinion 06-0817 - Funding Potential Employee Benefit Plan Obligation.   www.ncua.gov/RegulationsOpinionsLaws/opinion_letters/2006/06-0817.pdf 

January 16, 2007 - OCC Offers Tips to Help Consumers Avoid Cashier's Check Fraud - The Office of the Comptroller of the Currency issued an advisory today that provides advice to help consumers avoid becoming victims of scams involving cashier's checks. www.occ.treas.gov/ftp/release/2007-3.htm 

January 16, 2007 - Mortgage Loan Fraud Industry Assessment Based on Suspicious Activity Report Analysis - The Department of the Treasury's Financial Crimes Enforcement Network has prepared an assessment of mortgage loan fraud, which it based on its analysis of Suspicious Activity Reports.   www.fdic.gov/news/news/financial/2007/fil07004.html 

January 16, 2007 - Volunteer Income Tax Assistance - A Reminder and Update About Potential CRA and Business Opportunities - Volunteer Income Tax Assistance sites offer an opportunity for institutions to provide a financial service to underserved low- and moderate-income consumers. www.fdic.gov/news/news/financial/2007/fil07005.html 

January 16, 2007 - FDIC Encourages Taxpayers to Take Advantage of IRS Programs and Save More of Their Refunds - With the start of the tax season, the Federal Deposit Insurance Corporation is encouraging low- and moderate-income taxpayers to take advantage of IRS programs and bank services that can help them save more money for future goals, including buying a home or funding a child's education. www.fdic.gov/news/news/press/2007/pr07006.html 

January 16, 2007 - Revised Suspicious Activity Report by Depository Institutions - Since 1996, the federal financial institutions regulatory agencies1 and the Financial Crimes Enforcement Network have required banking organizations to report known or suspected violations of law as well as suspicious transactions on Suspicious Activity Reports. Law enforcement agencies use the information reported on the SAR form in criminal investigations, and Federal Reserve staff use the information in the examination and oversight of supervised institutions. www.federalreserve.gov/boarddocs/srletters/2007/sr0702.htm 

January 16, 2007 - Federal Reserve Banks Announce New Studies to Examine Nation's Check and Electronic Payments Usage - The Federal Reserve Banks today announced plans to conduct another round of studies to determine the current composition of the nation's retail payments market, including checks, credit and debit cards, and automated clearing house transactions. www.federalreserve.gov/boarddocs/press/other/2007/20070116/default.htm 

January 12, 2007 - Optimal Fiscal and Monetary Policy When Money is Essential - S. Boragan Aruoba and Sanjay K. Chugh - We study optimal fiscal and monetary policy in an environment where explicit frictions give rise to valued money, making money essential in the sense that it expands the set of feasible trades. Our main results are in stark contrast to the prescriptions of earlier flexible-price Ramsey models. www.federalreserve.gov/pubs/ifdp/2006/880/ifdp880.htm 

January 12, 2007 - Efficiency in Housing Markets: Do Home Buyers Know how to Discount? - Erik Hjalmarsson and Randi Hjalmarsson - We test for efficiency in the market for Swedish co-ops by examining the negative relationship between the sales price and the present value of future rents. If the co-op housing market is efficient, the present value of co-op rental payments due to underlying debt obligations of the cooperative should be fully reflected in the sales price. www.federalreserve.gov/pubs/ifdp/2006/879/ifdp879.htm 

January 12, 2007 - Sovereign Debt Crises and Credit to the Private Sector - Carlos Arteta and Galina Hale - We argue that, through its effect on aggregate demand and country risk premia, sovereign debt restructuring can adversely affect the private sector's access to foreign capital markets. www.federalreserve.gov/pubs/ifdp/2006/878/ifdp878.htm 

January 12, 2007 - International Cross-listing, Firm Performance and Top Management Turnover: A Test of the Bonding Hypothesis - Ugur Lel and Darius P. Miller - We examine a primary outcome of corporate governance, the ability to identify and terminate poorly performing CEOs, to test the effectiveness of U.S. investor protections in improving the corporate governance of cross-listed firms. www.federalreserve.gov/pubs/ifdp/2006/877/ifdp877.htm 

January 12, 2007 - Statistical Release - G.20 Finance Companies.  www.federalreserve.gov/releases/g20/current/default.htm 

January 12, 2007 - Statistical Release - Corporate Medium-Term Notes - Medium-term notes outstanding at the end of 2005 totaled $713 billion, up from $639 billion in 2004. Outstandings for financial corporations accounted for about 90 percent of total outstandings in 2005 and continued to trend up, increasing $81 billion. www.federalreserve.gov/releases/medterm/default.htm 

January 12, 2007 - The Federal Reserve Board on Friday approved changes to its Policy on Payments System Risk that revise the Board's expectations for systemically important payments and settlement systems subject to its authority and update and clarify the policy with regard to central counterparties. www.federalreserve.gov/boarddocs/press/other/2007/20070112/default.htm   

January 11, 2007 - NCUA and FinCEN to Host Joint Seminar on Bank Secrecy Act Compliance Programs - The National Credit Union Administration and the Financial Crimes Enforcement Network today announced that they will jointly host a seminar over the web "BSA: A Year in Review and Setting the Table for 2007." www.ncua.gov/news/press_releases/2007/JR07-0111.pdf 

January 11, 2007 - OCC Launches Enhanced Web Site Search Capability - In December 2006, the Office of the Comptroller of the Currency launched an improved search engine for its public Web site using the Google Search Appliance. www.occ.treas.gov/LaunchofGoogleAppliance.htm 

January 11, 2007 - Approximately 510 banks will be reassigned to different peer groups after changes to metropolitan statistical area code definitions are incorporated in the December 31, 2006 Uniform Bank Performance Report.  www.ffiec.gov/pdf/ubpr/reassigned-peer-groups.xls 

January 11, 2007 - The Federal Reserve Board on Thursday announced the launch of a new web site for bank directors and the update of an existing online director training course. www.federalreserve.gov/boarddocs/press/other/2007/20070111/default.htm 

January 11, 2007 - Complex Structured Finance Activities Interagency Statement on Sound Practices for Activities With Elevated Risk - The FDIC, along with the other federal banking agencies and the Securities and Exchange Commission, is issuing the attached final Interagency Statement on Sound Practices Concerning Elevated Risk Complex Structured Finance Activities (Final Statement). The Final Statement describes the types of internal controls and risk-management policies and procedures that the agencies have found to be useful in identifying, managing and addressing the potentially heightened legal or reputational risks that may arise from certain complex structured finance transactions. www.fdic.gov/news/news/financial/2007/fil07003.html 

January 11, 2007 - Governor Susan Schmidt Bies - Enterprise Risk Management and Mortgage Lending At the National Credit Union Administration 2007 Risk Mitigation Summit, Washington, D.C. www.federalreserve.gov/boarddocs/speeches/2007/20070111/default.htm 

January 10, 2007 - OCC Announces New Electronic Interpretations and Actions - December 2006.  www.occ.treas.gov/interp/dec06/intdec06.htm 

January 10, 2007 - NCUA - Letter to Credit Unions 07-CU-01 - Credit Union Financial Trends for the Third Quarter of 2006.   www.ncua.gov/letters/2007/CU/07-CU-01Encl.pdf 

January 9, 2007 - The Federal Reserve Board on Tuesday announced that the Federal Reserve Banks distributed approximately $28.547 billion of their $37.838 billion total income to the U.S. Treasury during 2006. www.federalreserve.gov/boarddocs/press/other/2007/200701092/default.htm 

January 9, 2007 - The Federal Reserve Board named ten new members to its Consumer Advisory Council for three-year terms and designated a new Chair and Vice Chair of the Council for 2007. www.federalreserve.gov/boarddocs/press/other/2007/20070109/default.htm 

January 9, 2007 - The Federal Reserve Board on Tuesday released the minutes of its discount rate meetings from November 6 through December 11, 2006. www.federalreserve.gov/boarddocs/press/monetary/2007/20070109/default.htm 

January 9, 2007 - Community Reinvestment Act Annual Asset-size Threshold Adjustment - The FDIC, the Federal Reserve Board, and the Office of the Comptroller of the Currency have published the attached joint final rule amending the Community Reinvestment Act to make the annual adjustment to the asset-size threshold used to define "small bank" and "intermediate small bank" under the Act. www.fdic.gov/news/news/financial/2007/fil07002.html 

January 9, 2007 - 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/2007/pr07005.html 

January 8, 2007 - OCC Warns National Banks on Risks Posed by Scams Involving Fraudulent Bank Cashier's Checks - The Office of the Comptroller of the Currency issued guidance today warning of the risks posed by scams involving fraudulent bank cashier's checks and describing steps national banks should take to protect themselves and their customers. www.occ.treas.gov/ftp/release/2007-2.htm 

January 8, 2007 - Statistical Release - G.19 Consumer Credit - Consumer credit increased at an annual rate of 6-1/4 percent in November, owing mainly to brisk growth in revolving credit. www.federalreserve.gov/releases/g19/current/default.htm 

January 8, 2007 - FDIC Announces Appointment of Doreen R. Eberley As New York Regional Director - Sandra L. Thompson, Director of the Federal Deposit Insurance Corporation's Division of Supervision and Consumer Protection today announced the appointment of Doreen R. Eberley as Regional Director of DSC's New York Region. www.fdic.gov/news/news/press/2007/pr07004.html 

January 8, 2007 - Statistical Release - E.15 Agricultural Finance Databook.  www.federalreserve.gov/releases/e15/default_2006.htm 

January 8, 2007 - Interagency Guidance on Concentrations in Commercial Real Estate - On December 6, 2006, the Federal Reserve and the other federal banking regulatory agencies issued interagency guidance on Concentrations in Commercial Real Estate Lending, Sound Risk Management Practices. 
Press Release: www.federalreserve.gov/boarddocs/SRLETTERS/2007/SR0701.htm 
Press Release: www.federalreserve.gov/boarddocs/srletters/2007/SR0701.htm 

January 8, 2007 - Vice Chairman Donald L. Kohn - The Economic Outlook - At the Atlanta Rotary Club, Atlanta, Georgia.   www.federalreserve.gov/boarddocs/speeches/2007/20070108/default.htm 

January 5, 2007 - Agencies issue final statement concerning elevated risk complex structured finance activities. 
Press Release: www.federalreserve.gov/boarddocs/press/bcreg/2007/20070105/default.htm 
Press Release: www.fdic.gov/news/news/press/2007/pr07003.html 
Press Release: www.occ.treas.gov/ftp/release/2007-1.htm 
Press Release: www.ots.treas.gov/docs/7/777001.html 

January 5, 2007 - Chairman Ben S. Bernanke - Central Banking and Bank Supervision in the States At the Allied Social Science Association Annual Meeting, Chicago, Illinois United.  www.federalreserve.gov/boarddocs/speeches/2007/20070105/default.htm 

January 4, 2007 - Oklahoma Business Leader Selected To Chair Federal Reserve's Conference Of Chairmen - Robert A. Funk, chairman of the board and chief executive officer of Express Personnel Services International, Oklahoma City, Okla., has been elected chairman of the Federal Reserve's Conference of Chairmen. www.kc.frb.org/pubaffrs/pressrel/2007pdfs/pr07-01.pdf 

January 3, 2007 - Sara A. Kelsey Appointed FDIC General Counsel - FDIC Chairman Sheila Bair today announced the appointment of Sara A. Kelsey, Deputy Superintendent and General Counsel of the New York State Banking Department, as the agency's new General Counsel. The appointment was unanimously approved by the FDIC Board of Directors. www.fdic.gov/news/news/press/2007/pr07002.html 

January 3, 2007 - The Federal Reserve Board and the Federal Open Market Committee on Wednesday released the attached minutes of the Committee meeting held on December 12, 2006. www.federalreserve.gov/boarddocs/press/monetary/2007/20070103/default.htm 

January 3, 2007 - Supervisory Insights Journal Winter 2006 Issue Now Available - The FDIC has announced the release of its Winter 2006 issue of Supervisory Insights, a professional journal that promotes the practice of bank supervision. Topics of current focus for the bank regulatory community are highlighted in this issue, including handling IT information theft, recognizing and working through Bank Secrecy Act violations, and looking at Unfair and Deceptive Act Practices challenges. www.fdic.gov/news/news/financial/2007/fil07001.html 

January 3, 2007 - FDIC's Supervisory Insights Reports How Banks can Effectively Handle Security Breaches Through Incident Response Programs - Other supervisory "hot topics" covered - best practices for identifying and controlling risk in commercial real estate lending, how examiners identify and address unfair or deceptive acts or practices, and understanding Bank Secrecy Act violations. www.fdic.gov/news/news/press/2007/pr07001.html 

January 3, 2007 - Foreign Exchange Rates - The Table Below Shows The Average Rates Of Exchange In December 2006 Together With Comparable Figures For Other Months. Averages Are Based On Daily Noon Buying Rates For Cable Transfers In New York City Certified For Customs Purposes By The Federal Reserve Bank Of New York. www.federalreserve.gov/releases/g5/current/default.htm 

January 3, 2007 - G.5a Foreign Exchange Rates - The Table Below Shows The Average Rates Of Exchange In 2006 Together With Comparable Figures For Other Years. Averages Are Based On Daily Noon Buying Rates For Cable Transfers In New York City Certified For Customs Purposes By The Federal Reserve Bank Of New York. www.federalreserve.gov/releases/g5a/current/default.htm 

January 2, 2007 - St. Louis Fed's The Regional Economist: The Economics of Eminent Domain; Working Hard or Hardly Working? The Evolution of Leisure in the United States; The USDA's National Animal Identification System: Barnyard Boon or Bust?; Community Profile: Tunica, Miss. www.stlouisfed.org/news/releases/2007/01_02_07b.html 

January 2, 2007 - St. Louis Fed Analysis Suggests Eminent Domain Could Hinder Economic Development - Eminent domain-the power of governments to acquire private property for public use-tends to transfer income from one group to another and is unlikely to provide an overall benefit to a community. www.stlouisfed.org/news/releases/2007/01_02_07.html 


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