The E-mail Banking News
(Bank Regulatory News)
January 2013

January 31, 2013 - Understanding Recent Trends in Midwest Farmland Leasing - Chicago Fed Letter examines current trends in farmland rental arrangements and their impacts on agricultural lending.  http://chicagofed.org/webpages/publications/chicago_fed_letter/2013/march_308.cfm

January 31, 2013 - NCUA Issues Prohibition Orders - The National Credit Union Administration has issued orders prohibiting the following individuals from participating in the affairs of any federally insured financial institution.  www.ncua.gov/News/Pages/NW20130131ProhibitionOrders.aspx

January 31, 2013 - Federal Reserve Board announces termination of enforcement actions against Oregon Community Bank & Trust, Security Financial Services Corporation, and Security Financial Bank.  www.federalreserve.gov/newsevents/press/enforcement/20130131a.htm

January 30, 2013 - Comptroller Addresses FFIEC Consumer Compliance Specialists Conference - Comptroller of the Currency Thomas J. Curry today discussed the importance of consumer compliance in bank supervision during the Federal Financial Institutions Examination Council’s Consumer Compliance Specialists Conference. www.occ.gov/news-issuances/news-releases/2013/nr-occ-2013-21.html

January 30, 2013 - Martin Pfinsgraff Named Acting Head of Large Bank Supervision - The Office of the Comptroller of the Currency announced today that Martin Pfinsgraff would become acting Senior Deputy Comptroller for Large Bank Supervision, succeeding Michael L. Brosnan who will become Examiner-in-Charge of Zions Bank. www.occ.gov/news-issuances/news-releases/2013/nr-occ-2013-22.html

January 30, 2013 - Federal Reserve issues FOMC statement - Information received since the Federal Open Market Committee met in December suggests that growth in economic activity paused in recent months, in large part because of weather-related disruptions and other transitory factors. www.federalreserve.gov/newsevents/press/monetary/20130130a.htm

January 29, 2013 - Adrian Rodriguez Named Senior VP, Communications, for the Federal Reserve Bank of San Francisco - Adrian Rodriguez will join the Federal Reserve Bank of San Francisco on February 1 as Senior Vice President, Communications. Reporting to the President and CEO of the Bank, he will serve on the Executive Committee, and provide strategic direction to the Bank’s communications efforts. www.frbsf.org/news/releases/2013/0129.html

January 29, 2013 - FDIC Announces New Members for the Advisory Committee on Community Banking - The Federal Deposit Insurance Corporation has announced the selection of eight new members for its Advisory Committee on Community Banking, which has been providing advice and recommendations to the FDIC on a broad range of community bank policy and regulatory matters since it was established in 2009.  www.fdic.gov/news/news/press/2013/pr13007.html

January 28, 2013 - Comptroller Delivers L. William Seidman Lecture - Comptroller of the Currency Thomas J. Curry today delivered the L. William Seidman Lecture at the annual Bank Director Magazine Conference. During the lecture, the Comptroller discussed the vital role community bank directors play in the governance of national banks and savings institutions and outlined OCC resources available to them. www.occ.gov/news-issuances/speeches/2013/pub-speech-2013-20.pdf

January 28, 2013 - Comptroller Addresses American Securitization Forum - Comptroller of the Currency Thomas J. Curry today discussed housing finance before the American Securitization Forum. www.occ.gov/news-issuances/speeches/2013/pub-speech-2013-19.pdf

January 28, 2013 - Federal Reserve Board announces approval of applications by NongHyup Bank.   www.federalreserve.gov/newsevents/press/orders/20130128a.htm

January 28, 2013 - The Federal Reserve Board on Monday announced that results from the supervisory stress tests conducted as part of the Dodd-Frank Wall Street Reform and Consumer Protection Act will be released on Thursday, March 7, and the related results from the Comprehensive Capital Analysis and Review, or CCAR, will be released on Thursday, March 14. Results will be released for both exercises at 4:30 p.m. Eastern Time.   www.federalreserve.gov/newsevents/press/bcreg/20130128a.htm

January 25, 2013 - Regulators and Community Banks Working Together - Chicago Fed Letter discusses impact of regulatory changes and importance of risk management for community banks. www.chicagofed.org/webpages/publications/chicago_fed_letter/2013/february_307b.cfm

January 25, 2013 - Economic Growth Moderated in December - The Chicago Fed National Activity Index was +0.02 in December, down from +0.27 in November. www.chicagofed.org/webpages/publications/cfnai/index.cfm

January 25, 2013 - NCUA - $9.5 Million Available for Low-Income Credit Union Loans from NCUA - The National Credit Union Administration plans to make $9.5 million in loans from the Community Development Revolving Loan Fund available to low-income credit unions in 2013. www.ncua.gov/News/Pages/NW20130125Loans.aspx

January 25, 2013 - NCUA - AEA Federal Credit Union Reports Progress with Positive Year-End Results - AEA Federal Credit Union reported improved financial performance for the year ending Dec. 31, 2012. The progress resulted from several new services for members and more efficient operations. AEA, which operates under the conservatorship of the National Credit Union Administration, posted 2012 year-end net income of $3.15 million. www.ncua.gov/News/Pages/NW20130125AEA.aspx

January 25, 2013 - OCC Assesses $10 Million Civil Money Penalty against TCF National Bank, Bank Secrecy Act Violations Cited - The Office of the Comptroller of the Currency today announced a $10 million civil money penalty against TCF National Bank, Sioux Falls, S.D., for violations of the Bank Secrecy Act www.occ.gov/news-issuances/news-releases/2013/nr-occ-2013-18.html

January 25, 2013 - OCC Supports Earned Income Tax Credit Awareness Day - Comptroller of the Currency Thomas J. Curry today issued the following statement recognizing Earned Income Tax Credit Awareness Day. www.occ.gov/news-issuances/news-releases/2013/nr-occ-2013-17.html

January 25, 2013 - OCC Renews Minority Depository Institutions Advisory Committee, Will Host Inaugural Meeting on March 5 - The Office of the Comptroller of the Currency today has renewed the charter for the Minority Depository Institutions Advisory Committee and will host its first meeting Tuesday, March 5, 2013, in Washington, D.C. www.occ.gov/news-issuances/news-releases/2013/nr-occ-2013-16.html

January 25, 2013 - Experts to Explore Household Balance Sheets’ Role in National Economic Growth - Leading national and international experts in the roots of the devastation to household balance sheets during the Great Recession will gather at the Federal Reserve Bank of St. Louis Feb. 5-7, 2013 to explore ways to improve household balance sheets, which play a critical role in household financial stability and restoring national economic growth. www.stlouisfed.org/newsroom/displayNews.cfm?article=1647

January 25, 2013 - FDIC Makes Public December Enforcement Actions; No Administrative Hearings Scheduled for February 2013 - The Federal Deposit Insurance Corporation today released a list of orders of administrative enforcement actions taken against banks and individuals in December. No administrative hearings are scheduled for February 2013. www.fdic.gov/news/news/press/2013/pr13006.html

January 25, 2013 - Credit and Liquidity Programs and the Balance Sheet - Recent balance sheet trends, weekly chart data update www.federalreserve.gov/monetarypolicy/bst_recenttrends.htm
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January 24, 2013 - Office of the Comptroller of the Currency Hosts Workshop in Kentucky - The Office of the Comptroller of the Currency will host a workshop in Louisville, Ky., at The Brown Hotel, March 4-6, for directors of national community banks and federal savings associations. www.occ.gov/news-issuances/news-releases/2013/nr-occ-2013-15.html

January 24, 2013 - Kansas City Fed announces director election results.  www.kc.frb.org/publicat/newsroom/2013pdf/press.release.01.24.13.pdf

January 24, 2013 - FDIC Launches Community Affairs Webinar Series for Bankers - The series will highlight potential community development and inclusion opportunities for institutions. - Staff from the FDIC's Division of Depositor and Consumer Protection Community Affairs Branch will host a webinar series for bankers in 2013. www.fdic.gov/news/news/financial/2013/fil13002.html

January 24, 2013 - Federal Reserve Board announces its approval of the application filed by Trustmark Corporation.   www.federalreserve.gov/newsevents/press/orders/20130124a.htm

January 24, 2013 - Federal Reserve Board announces termination of enforcement action with Farmers and Merchants Bancshares, Inc. www.federalreserve.gov/newsevents/press/enforcement/20130124a.htm

January 24, 2013 - NCUA Posts 2013 Regulation Review List - The National Credit Union Administration has posted a list of regulations it will review in 2013, and the agency is now accepting public comments on the substance and clarity of each rule. www.ncua.gov/News/Pages/NW20130124RegReview.aspx

January 23, 2013 - Comptroller Curry to Meet with Parliamentary Commission on Banking Standards - Comptroller of the Currency Thomas J. Curry will appear Thursday before a public session of the Parliamentary Commission on Banking Standards to discuss the OCC's approach to ensuring accountability of independent directors at federal banks and thrifts. www.occ.gov/news-issuances/news-releases/2013/nr-occ-2013-14.html

January 23, 2013 - NCUA - Matz Discusses Progress and Goals in a CUbroadcast Online Interview.   www.ncua.gov/News/Pages/NW20130123Matztbroadcast.aspx

January 22, 2013 - NCUA Economic Update - January 2013 - NCUA Chief Economist John Worth's January analysis examines recent economic developments in the housing and labor markets and provides updates on important economic risks.
www.youtube.com/watch?v=nkzFSXrd4Wo&list=PLCC1AC1DF9E64A2A2&index=1

January 22, 2013 - Michael Shepherd Reappointed to the Federal Advisory Council - Michael Shepherd - The Federal Reserve Bank of San Francisco’s board of directors has reappointed Michael Shepherd, chairman and chief executive officer of Bank of the West and BancWest Corporation, to represent the District on the Federal Advisory Council for a second one-year term beginning January 2013. www.frbsf.org/news/releases/2013/0122.html

January 22, 2013 - Financial Regulators Propose Guidance on Social Media - The Federal Financial Institutions Examination Council today released proposed guidance on the applicability of consumer protection and compliance laws, regulations, and policies to activities conducted via social media by banks, savings associations, and credit unions, as well as nonbank entities supervised by the Consumer Financial Protection Bureau and state regulators.
Press Release: www.ffiec.gov/press/pr012213.htm
Press Release: www.ncua.gov/News/Pages/NW20130122SocialMedia.aspx

January 22, 2013 - Regulatory Reform - Communications with the public through January 22, 2013.  www.federalreserve.gov/newsevents/reform_meetings.htm

January 22, 2013 - Federal Reserve Board issues enforcement action with Flathead Holding Company of Bigfork.   www.federalreserve.gov/newsevents/press/enforcement/20130122a.htm

January 18, 2013 - First Minnesota Bank, Minnetonka, Minnesota, Assumes All of the Deposits of 1st Regents Bank, Andover, Minnesota - 1st Regents Bank, Andover, Minnesota, was closed today by the Minnesota Department of Commerce, which appointed the Federal Deposit Insurance Corporation as receiver. To protect the depositors, the FDIC entered into a purchase and assumption agreement with First Minnesota Bank, Minnetonka, Minnesota, to assume all of the deposits of 1st Regents Bank. www.fdic.gov/news/news/press/2013/pr13005.html

January 18, 2013 - OCC Enforcement Actions - The Office of the Comptroller of the Currency today released new enforcement actions taken against national banks, federal savings associations, and individuals currently and formerly affiliated with national banks and federal savings associations. www.occ.gov/news-issuances/news-releases/2013/nr-occ-2013-12.html

January 18, 2013 - Why the Geographic Variation in Health Care Spending Can't Tell Us Much about the Efficiency or Quality of our Health Care System - Louise Sheiner - This paper examines the geographic variation in Medicare and non-Medicare health spending and finds little support for the view that most of the variation is attributable to differences in practice styles. www.federalreserve.gov/pubs/feds/2013/201304/201304pap.pdf

January 18, 2013 - Bank Liquidity Hoarding and the Financial Crisis: An Empirical Evaluation - Jose Berrospide - I test and find supporting evidence for the precautionary motive hypothesis of liquidity hoarding for U.S. commercial banks during the recent financial crisis. www.federalreserve.gov/pubs/feds/2013/201303/201303pap.pdf

January 18, 2013 - Financing Constraints, Firm Dynamics, and International Trade - Stephane Verani and Till Gross - There is growing empirical support for the conjecture that access to credit is an important determinant of firms' export decisions. We study a multi-country general equilibrium economy in which entrepreneurs and lenders engage in long-term credit relationships. www.federalreserve.gov/pubs/feds/2013/201302/201302pap.pdf

January 18, 2013 - Credit and Liquidity Programs and the Balance Sheet - Recent balance sheet trends, weekly chart data update.   www.federalreserve.gov/monetarypolicy/bst_recenttrends.htm

January 18, 2013 - Federal Open Market Committee - 2007 Meeting Transcripts, Presentation Materials, and Agendas.   www.federalreserve.gov/monetarypolicy/fomchistorical2007.htm

January 18, 2013 - OCC and Federal Reserve Reach Agreement with HSBC to Provide $249 Million in Payments and Assistance - HSBC has joined the agreement in principle announced by the Federal Reserve Board and Office of the Comptroller of the Currency on January 7, 2013, and will pay $249 million in cash payments and other assistance to help mortgage borrowers.
Press Release: www.federalreserve.gov/newsevents/press/bcreg/20130118b.htm
Press Release: www.occ.gov/news-issuances/news-releases/2013/nr-ia-2013-13.html

January 18, 2013 - Agencies Issue Final Rule on Appraisals for Higher-Priced Mortgage Loans - Six federal financial regulatory agencies today issued the final rule that establishes new appraisal requirements for "higher-priced mortgage loans." The rule implements amendments to the Truth in Lending Act made by the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010. Under the Dodd-Frank Act, mortgage loans are higher-priced if they are secured by a consumer's home and have interest rates above certain thresholds.
Press Release: www.federalreserve.gov/newsevents/press/bcreg/20130118a.htm
Press Release: www.fdic.gov/news/news/press/2013/pr13004.html
Press Release: www.occ.gov/news-issuances/news-releases/2013/nr-ia-2013-11.html
Press Release: www.ncua.gov/News/Pages/FIR20130118HRM.aspx
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January 17, 2013 - Developing a Roadmap to Improve the U.S. Payment System - Chicago Fed Letter summarizes latest Payments Symposium, which yielded a consensus among participants to create a unifying strategy for the payments industry. http://chicagofed.org/webpages/publications/chicago_fed_letter/2013/february_307a.cfm

January 17, 2013 - Office of the Comptroller of the Currency Hosts Workshop in Arkansas - The Office of the Comptroller of the Currency will host a workshop in Little Rock, Ark., at the DoubleTree Little Rock, Feb. 11-13, for directors of national community banks and federal savings associations. www.occ.gov/news-issuances/news-releases/2013/nr-occ-2013-10.html

January 17, 2013 - The Federal Reserve's Balance Sheet and Earnings: A primer and projections - Seth B. Carpenter, Jane E. Ihrig, Elizabeth C. Klee, Daniel W. Quinn, and Alexander H. Boote - Over the past few years, the Federal Reserve's use of unconventional monetary policy tools has led it to hold a large portfolio of securities. The asset purchases are intended to put downward pressure on longer-term interest rates, but also affect the Federal Reserve's balance sheet and income. www.federalreserve.gov/pubs/feds/2013/201301/201301pap.pdf

January 17, 2013 - Federal Reserve Banks Announce New Study to Examine Nation’s Payments Usage - The Federal Reserve's Retail Payments Office, located at the Federal Reserve Bank in Atlanta, today announced plans to conduct a new study to determine the current volume and composition of electronic and check payments in the United States. www.federalreserve.gov/newsevents/press/other/20130117a.htm

January 17, 2013 - Federal Reserve Board issues enforcement action with The Commercial & Savings Bank, and announces termination of enforcement action with Blue Valley Ban Corp. and Bank of Blue Valley.  www.federalreserve.gov/newsevents/press/enforcement/20130117a.htm

January 16, 2013 - Federal Reserve Releases January Beige Book and Related Sound Clip - Audio highlights of the Federal Reserve's Beige Book, which summarize economic conditions for the United States as a whole and the Fed's Eighth District, are available for downloading. http://www.stlouisfed.org/newsroom/displayNews.cfm?article=1636

January 16, 2013 - Beige Book - Informal review by the Federal Reserve Banks of current economic conditions in their Districts.   www.federalreserve.gov/monetarypolicy/beigebook/default.htm

January 16, 2013 - Federal Reserve Board reaches agreements in principle with Goldman Sachs and Morgan Stanley to provide $557 million in payments and other mortgage assistance to borrowers.  www.federalreserve.gov/newsevents/press/bcreg/20130116a.htm

January 15, 2013 - Fed’s Evans Addresses Asian Financial Forum in Hong Kong - Chicago Fed President Charles Evans participated in a panel discussion January 14 about monetary policy. www.chicagofed.org/webpages/publications/speeches/2013/01_14_13_aff.cfm

January 15, 2013 - OCC Announces 2013 Community Bank Director Workshop Schedule - The Office of the Comptroller of the Currency today announced its schedule of workshops for bank directors of national community banks and federal savings associations. www.occ.gov/news-issuances/news-releases/2013/nr-occ-2013-9.html

January 15, 2013 - Leadership and membership changes announced for San Francisco Federal Reserve's Economic Advisory Council - The Federal Reserve Bank of San Francisco announced that Alfred A. Plamann, CEO of Unified Grocers, Inc., and Tracey Doi, Group Vice President and CFO of Toyota Motor Sales, USA, Inc., were appointed as chair and vice chair of the Federal Reserve Bank of San Francisco’s Economic Advisory Council www.frbsf.org/news/releases/2013/0115.html

January 15, 2013 - FDIC Announces Departure of Division of Risk Management Supervision Director Sandra L. Thompson - The FDIC has announced that Sandra L. Thompson, Director of the Division of Risk Management Supervision, has accepted the position of Deputy Director of Housing Mission and Goals at the Federal Housing Finance Agency.  www.fdic.gov/news/news/press/2013/pr13003.html

January 15, 2013 - The Federal Reserve Board on Tuesday announced that it agreed with the Treasury Department that the credit protection Treasury has provided for the Term Asset-Backed Securities Loan Facility is no longer necessary because the accumulated fees collected through TALF exceed the amount of TALF loans outstanding. www.federalreserve.gov/newsevents/press/monetary/20130115b.htm

January 14, 2013 - OCC Issues Cease and Desist Order Against JPMorgan Chase, N.A., Related to Bank Secrecy Act/Anti-Money Laundering - The Office of the Comptroller of the Currency announced today the issuance of a cease and desist order, by consent, against JPMorgan Chase, N.A.; JPMorgan Bank and Trust Company, N.A.; and Chase Bank USA, N.A., for deficiencies in the banks’ overall program for Bank Secrecy Act/Anti-Money Laundering compliance. www.occ.gov/news-issuances/news-releases/2013/nr-occ-2013-8.html

January 14, 2013 - OCC Issues Cease and Desist Order Against JPMorgan Chase, N.A., Related to Derivatives Trading Activity - The Office of the Comptroller of the Currency announced today the issuance of a cease and desist order, by consent, against JPMorgan Chase, N.A., for unsafe and unsound practices and violations of law or regulation related to derivatives trading activities conducted on behalf of the bank by the Chief Investment Office.  www.occ.gov/news-issuances/news-releases/2013/nr-occ-2013-7.html 

January 14, 2013 - Amy Friend Named OCC Chief Counsel - The Office of the Comptroller of the Currency announced today that Amy Friend has been named the agency’s Chief Counsel.  www.occ.gov/news-issuances/news-releases/2013/nr-occ-2013-6.html

January 14, 2013 - Communications with the public through January 14, 2013.  www.federalreserve.gov/newsevents/reform_meetings.htm

January 14, 2013 - Federal Reserve Board issues two consent cease and desist orders against JPMorgan Chase & Co.   www.federalreserve.gov/newsevents/press/enforcement/20130114a.htm

January 14, 2013 - Sunwest Bank, Irvine, California, Assumes All of the Deposits of Westside Community Bank, University Place, Washington - Westside Community Bank, University Place, Washington, was closed today by the Washington State 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 Sunwest Bank, Irvine, California, to assume all of the deposits of Westside Community Bank. www.fdic.gov/news/news/press/2013/pr13002.html

January 11, 2013 - Forecast: Solid U.S. Economic Growth in 2013 - Chicago Fed Letter summarizes the Economic Outlook Symposium's 2013 forecasts, including inflation remaining largely unchanged and unemployment edging lower. http://chicagofed.org/webpages/publications/chicago_fed_letter/2013/february_307.cfm

January 11, 2013 - NCUA Will Award $50,000 to Winning Low-Income Designated Credit Union - The National Credit Union Administration announced today that it will award a low-income designated credit union with $50,000 in grant funding for a proposal that results in long-term savings to a credit union through collaboration. www.ncua.gov/News/Pages/NW20130111GrantProposals.aspx

January 11, 2013 - NCUA Hosting Webinar on Strategic Issues for Serving Low-Income Members - The National Credit Union Administration Office of Small Credit Union Initiatives will host a free webinar - “Strategic Issues for Serving Low-Income Members” - on Wednesday, Jan. 23, at 2 p.m. Eastern. www.ncua.gov/News/Pages/NW20130111StrategicIssueWebinar.aspx

January 11, 2013 - Comptroller Addresses California Bankers Association - Comptroller of the Currency Thomas J. Curry spoke today before the California Bankers Association. www.occ.gov/news-issuances/speeches/2013/pub-speech-2013-5.pdf 

January 11, 2013 - Credit and Liquidity Programs and the Balance Sheet - Recent balance sheet trends, weekly chart data update www.federalreserve.gov/monetarypolicy/bst_recenttrends.htm
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January 10, 2013 - Román D. Hernández Appointed to the Portland Branch Board of the Federal Reserve Bank of San Francisco - The Federal Reserve Bank of San Francisco has appointed Román D. Hernández, shareholder and attorney at Schwabe, Williamson & Wyatt in Portland, Oregon, to its Portland Branch board of directors, effective January 1, 2013. www.frbsf.org/news/releases/2013/0110.html

January 10, 2013 - St. Louis Fed’s Bullard Discusses Recent U.S. Monetary Policy and Economic Outlook for 2013 - Federal Reserve Bank of St. Louis President James Bullard gave remarks Thursday on “The Fed’s New Regime and the 2013 Outlook,” during an economic forecast luncheon sponsored by the Wisconsin Bankers Association. www.stlouisfed.org/newsroom/displayNews.cfm?article=1633

January 10, 2013 - Real-Time Properties of the Federal Reserve's Output Gap - Rochelle M. Edge and Jeremy B. Rudd - This note considers the reliability of Federal Reserve Board staff estimates of the output gap after the mid-1990s, and examines the usefulness of these estimates for inflation forecasting.  www.federalreserve.gov/pubs/feds/2012/201286/201286pap.pdf

January 10, 2013 - Reserve Bank income and expense data and transfers to the Treasury for 2012 - The Federal Reserve Board on Thursday announced preliminary unaudited results indicating that the Reserve Banks provided for payments of approximately $88.9 billion of their estimated 2012 net income to the U.S. Treasury. www.federalreserve.gov/newsevents/press/other/20130110a.htm

January 10, 2013 - NCUA Lifts Small Credit Union Definition to $50 Million to Ease Regulatory Burdens - Board Also Extends Low-Income Credit Union Acceptance Deadline and Finalizes “Troubled Condition” Regulation.  www.ncua.gov/about/Pages/Board%20Actions/BAB20130110.aspx

January 9, 2013 - NCUA Board Chairman Matz Interviewed in Latest LEADERS Magazine,  www.ncua.gov/News/Pages/NW20120109MatzLeadersMag.aspx

January 8, 2013 - Leadership and membership changes announced for the Federal Reserve Bank of San Francisco’s Board of Directors.   www.frbsf.org/news/releases/2013/0108.html

January 8, 2013 - Statistical Release - Consumer Credit - G.19 - In November, consumer credit increased at a seasonally adjusted annual rate of 7 percent. Revolving credit increased at an annual rate of 1 percent, while nonrevolving credit increased at an annual rate of 9-1/2 percent. www.federalreserve.gov/releases/g19/current/default.htm

January 8, 2013 - Minutes of the Board's discount rates meetings from November 19 and December 10, 2012.   www.federalreserve.gov/newsevents/press/monetary/20130108a.htm

January 7, 2013 - NCUA - The January 2013 Issue of the NCUA Report is Now Available.  www.ncua.gov/News/NewsLtrs/Pages/default.aspx

January 7, 2013 - NCUA - New Covenant Missionary Baptist Church Credit Union Closes - The Wisconsin Office of Credit Unions liquidated New Covenant Missionary Baptist Church Credit Union (New Covenant) of Milwaukee, Wis., today and appointed the National Credit Union Administration as liquidating agent. www.ncua.gov/News/Pages/NW20120107NewCovenantCU.aspx

January 7, 2013 - Statement from Comptroller of the Currency Thomas J. Curry on the IFR Settlement - The OCC released the following statement by Comptroller of the Currency Thomas J. Curry regarding the settlement with 10 mortgage servicers subject to enforcement actions for deficient practices in mortgage loan servicing and foreclosure processing. www.occ.gov/news-issuances/news-releases/2013/nr-occ-2013-4.html

January 7, 2013 - Independent foreclosure review to provide $3.3 billion in payments, $5.2 billion in mortgage assistance.
Press Release: www.federalreserve.gov/newsevents/press/bcreg/20130107a.htm
Press Release: www.occ.gov/news-issuances/news-releases/2013/nr-ia-2013-3.html

January 4, 2013 - St. Louis Fed’s Community Development Department Launches Podcast Series - The Community Development department at the Federal Reserve Bank of St. Louis has launched an audio podcast series aimed at using real-world examples to address community development challenges in the Eighth District. www.stlouisfed.org/newsroom/displayNews.cfm?article=1628

January 4, 2013 - 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 October 2012. www.fdic.gov/news/news/press/2013/pr13001.html

January 4, 2013 - A User's Guide for the Bank Holding Company Performance Report, March 2012 update.   www.federalreserve.gov/boarddocs/supmanual/bhcpr/UsersGuide12/default.htm

January 4, 2013 - Credit and Liquidity Programs and the Balance Sheet - Recent balance sheet trends, weekly chart data update.   www.federalreserve.gov/monetarypolicy/bst_recenttrends.htm

January 4, 2013 - Vice Chair Janet L. Yellen - Interconnectedness and Systemic Risk: Lessons from the Financial Crisis and Policy Implications
At the American Economic Association/American Finance Association Joint Luncheon, San Diego, California www.federalreserve.gov/newsevents/speech/yellen20130104a.htm 
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January 3, 2013 - Financial Conditions Again Tighten Slightly in Week Ending December 28 - The NFCI edged up to -0.74 in the week ending December 28, indicating slightly tighter financial conditions. The risk, credit and nonfinancial leverage subindexes increased somewhat from the previous week, while the leverage subindex was unchanged. http://chicagofed.org/webpages/research/data/nfci/background.cfm

January 3, 2013 - NCUA - Agenda for the 1/10/2013 NCUA Board Meeting is Available.  www.ncua.gov/about/BoardActions/Pages/BDMtg2013.aspx

January 3, 2013 - Transition Period under Section 716 of the Dodd-Frank Wall Street Reform and Consumer Protection Act - The Office of the Comptroller of the Currency today provided guidance regarding requests for a transition period pursuant to section 716(f) of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010. www.occ.gov/news-issuances/news-releases/2013/nr-occ-2013-2.html

January 3, 2013 - Minutes of the Federal Open Market Committee, December 11-12, 2012.  www.federalreserve.gov/newsevents/press/monetary/20130103a.htm

January 3, 2013 - Federal Reserve Board announces termination of enforcement action with Farmers State Bank.   www.federalreserve.gov/newsevents/press/enforcement/20130103a.htm

January 2, 2013 - NCUA Hosting Home Mortgage Disclosure Act Webinar - The National Credit Union Administration will host a free webinar about the Home Mortgage Disclosure Act and Loan Application Registers. Entitled “HMDA: Accuracy and Timeliness,” the webinar will start Thursday, Jan. 24, 2013, at 2:00 p.m. EST. www.ncua.gov/News/Pages/NW20130102HMDAWebinar.aspx

January 2, 2013 - OCC Releases CRA Evaluations for 30 National Banks and Federal Savings Associations.  www.occ.gov/news-issuances/news-releases/2013/nr-occ-2013-1.html

January 2, 2013 - Salt Lake Fed Branch Names New Director - Susan Johnson - Salt Lake City — The Federal Reserve Bank of San Francisco announced that it has appointed Susan Johnson, President, Futura Industries Corporation, Clearfield, Utah a Director of the Salt Lake City Branch effective January 1, 2013. www.frbsf.org/news/releases/2013/0104.html?utm_source=frbsf-news-releases-index-title&utm_medium=frbsf&utm_campaign=news-release-2012-08-01