Bank Regulatory News
July 2002
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July
31, 2002 - The Federal Reserve Board today announced its approval of the
applications by Bank of Orange County, Fountain Valley, California, to
merge with Cerritos Valley Bank, Artesia, California, and establish
branches at the former locations of Cerritos.
www.federalreserve.gov/boarddocs/press/orders/2002/20020731/default.htm
July 31, 2002 - Beige Book - Prepared
at the Federal Reserve Bank of New York and based on information collected
before July 23, 2002. This document summarizes comments received from
businesses and other contacts outside the Federal Reserve and is not a
commentary on the views of Federal Reserve officials. www.federalreserve.gov/FOMC/BeigeBook/2002/20020731/Default.htm
July 31, 2002 - NCUA - Monthly
Activity Report for June 2002 (Regional Directors Actions Taken Under
Delegation of Authority) www.ncua.gov/ref/delegated/del0602.pdf
July 31, 2002 - NCUA - Customer
Identification Programs for Banks, Savings Associations, and Credit Unions
www.ncua.gov/news/proposed_regs/31CFRPart103-proposed.pdf
July 30, 2002 - FDIC Makes Public June Enforcement Actions; No
Administrative Hearings Scheduled - The Federal Deposit Insurance
Corporation today released a list of orders of administrative enforcement
actions taken against banks and individuals in June. No administrative
hearings are scheduled for August. www.fdic.gov/news/news/press/2002/pr8702.html
July 30, 2002 - Financial
Holding Companies
- Under the Bank Holding Company Act, bank holding companies may elect to
be financial holding companies. www.federalreserve.gov/GeneralInfo/FHC/default.htm
July 30, 2002 - Amended Statement of Policy on Bank Merger Act
Transactions - "Anti-Money Laundering Record" - The Federal
Deposit Insurance Corporation has amended its Statement of Policy on Bank
Merger Transactions to incorporate a statutory change made by the USA
PATRIOT Act www.fdic.gov/news/news/financial/2002/fil0282.html
July 30, 2002 - Hispanic Banking Forum Encourages Banks to Reach Growing
Hispanic Population in Chicago Region - The Office of the Comptroller of
the Currency, the Federal Reserve Bank of Chicago and the Federal Deposit
Insurance Corporation will co-sponsor a Hispanic Banking Forum in Chicago,
Illinois on July 31
www.occ.treas.gov/ftp/release/2002-62.txt
July 30, 2002 - Notice of Proposed Rule Making-Customer Identification
Programs for Banks, Savings Associations, and Credit Unions - This
bulletin transmits a notice of proposed rule making jointly published by
the U.S. Treasury Department, through the Financial Crimes Enforcement
Network, the federal banking agencies, and the National Credit Union
Administration on July 23. www.occ.treas.gov/ftp/bulletin/2002-34.txt
July 29, 2002 - The Federal Reserve Board on Monday announced the
execution of a Written Agreement by and among the Community First Bank and
Trust, Celina, Ohio, the Federal Reserve Bank of Cleveland, and the Ohio
Division of Financial Institutions. www.federalreserve.gov/boarddocs/press/Enforcement/2002/20020729/default.htm
July 29, 2002 - Proposed Collection of Data on Subprime Consumer Lending
Programs - The Federal Deposit Insurance Corporation, the Federal Reserve
Board, and the Office of the Comptroller of the Currency are requesting
comment on the addition of a proposed new schedule to the Reports of
Condition and Income that would collect data on consumer loans in subprime
lending programs. www.ffiec.gov/PDF/FFIEC_forms/ffiec031_041_20020726_subprime_dc.pdf
July 29, 2002 - The New Power Of Regions: A Policy Focus For Rural America
- U.S. rural policy should encourage more regional partnering among rural
businesses, communities and governments. That was the conclusion reached
by policy experts and rural leaders attending the third annual rural
policy conference "The New Power of Regions: A Policy Focus for Rural
America," which was held in Kansas City earlier this year. www.kc.frb.org/pubaffrs/pressrel/pr02-13.htm
July 29, 2002 - NCUA - Decision and Order Issued in the Matter of
Katharina Wagner Gully - The National Credit Union Administration (NCUA)
Board has issued a Final Decision and Order in the Matter of Katharina
Wagner Gully, former manager of the Waterside Federal Credit Union in
Queens, N.Y.
www.ncua.gov/news/press_releases/nr02-0726.html
July 29, 2002 - James Nelson To Head Bank Supervision At The Chicago Fed -
The
Federal Reserve Bank of Chicago today announced that its Board of
Directors has approved the promotion of James (Jim) W. Nelson as Senior
Vice President of Supervision and Regulation, effective today. www.chicagofed.org/newsandevents/pressreleases/2002/pr07292002.cfm
_______________
July 26, 2002 - Reverse Stock Split Procedures - The OCC
is revising the expedited review procedures for national banks to effect
reverse stock splits. The
revision is necessary to reflect the repeal of 12 USC 51, minimum capital
requirements. Advisory Letter
AL 2000-4, dated May 9, 2000, is rescinded. www.occ.treas.gov/ftp/advisory/2002-6.txt
July 26, 2002 - Proposed Collection of Data on Subprime Consumer Lending
Programs - The Federal Deposit Insurance Corporation the Federal Reserve Board
and the Office of the Comptroller of the Currency are requesting
comment on the addition of a proposed new schedule to the Reports of
Condition and Income (Call Report) that would collect data on consumer
loans in subprime lending programs. www.fdic.gov/news/news/financial/2002/fil0281.html
July 26, 2002 - Economic change in rural America- Remarks
by Governor Mark W. Olson Before
the Fergus Falls Rotary Club, Fergus Falls, Minnesota - www.federalreserve.gov/boarddocs/speeches/2002/20020726/default.htm
July 25, 2002 - NCUA - Orders of Prohibition Issued Against
Ruth Bast and John Long - The National Credit Union Administration
has issued Orders of Prohibition against Ruth Bast, former manager, and
John Long, former chairman of the board of directors, of Georgia Pacific
Credit Union in Canton, Ohio.
Press release: www.ncua.gov/news/press_releases/nr02-0724.html
Administrative Order 02-0601-IV - Ruth Bast www.ncua.gov/ref/administrative_orders/02-0601-IV.htm
Administrative Order 02-0402-IV- John Long www.ncua.gov/ref/administrative_orders/02-0402-IV.htm
July 25, 2002 - NCUA - Community Charter Approvals Under Irps 99-1,
As Amended By IRPS 00-1 AND IRPS 01-1 - The community charter report
identifies community conversions, expansions, and new community charters
approved under IRPS 99-1, as amended by IRPS 00-1 and IRPS 01-1. This
report was modified in July of 2002 which may have resulted in some
changes to the data previously posted.
www.ncua.gov/ref/comm_charter_rpt/2001report.htm
July 25, 2002 - Legal Interpretations - Provision of third-party
administrator services under the BHC Act www.federalreserve.gov/boarddocs/legalint/BHC_ChangeInControl/2002/20020710/default.htm
July 25, 2002 - Legal Interpretations - Provision of insurance claims
administration and risk-management services under the BHC Act www.federalreserve.gov/boarddocs/legalint/BHC_ChangeInControl/2002/200207102/default.htm
July 25, 2002 - Legal Interpretations - Provision of flood-zone
determination services under Regulation Y www.federalreserve.gov/boarddocs/legalint/BHC_ChangeInControl/2002/20020709/default.htm
July 25, 2002 - The Federal Reserve Board announced today the approval of
the application of Nordea Bank Finland Plc, Helsinki, Finland, to
establish a branch in New York, New York and acquire ownership of a
commercial lending company, American Scandinavian Banking Corp., New York,
New York. www.federalreserve.gov/boarddocs/press/orders/2002/20020725/default.htm
July 24, 2002 - Section 312 of the USA Patriot Act -- Due Diligence for
Correspondent and Private Banking Accounts - Section 312 of the USA Patriot Act
generally requires a U.S. financial institution that maintains a
correspondent account or private banking account for a non-U.S. person
to establish appropriate and, if necessary, enhanced due diligence
procedures to detect and report instances of money laundering. www.federalreserve.gov/boarddocs/srletters/2002/sr0218.htm
July 23, 2002 - FBIIC Policy on Sponsorship of GETS Cards for Private
Sector Entities - Attached is the Financial and Banking Information
Infrastructure Committee interim process for the sponsorship of critical
private sector management personnel for Government Emergency
Telecommunications Service cards.
Press Release: www.occ.treas.gov/ftp/bulletin/2002-33.txt
Attachment: www.occ.treas.gov/ftp/bulletin/2002-33a.pdf
July 23, 2002 - NCUA's Corporate Examiner's Guide - June 2002 revision
(Change 2) www.ncua.gov/ref/corpexguide/corpexguide.pdf
July 23, 2002 - FBIIC Policy on Sponsorship of GETS Cards for Private
Sector Entities - Attached is the Financial and Banking Information
Infrastructure Committee interim process for the sponsorship of critical
private sector management personnel for Government Emergency
Telecommunications Service cards.
Press Release: www.occ.treas.gov/ftp/bulletin/2002-33.txt
Attachment: www.occ.treas.gov/ftp/bulletin/2002-33a.pdf
July 22, 2002 - Federal Financial Institution Regulators Draft Guidance On
Credit Card Lending - Under the auspices of the Federal Financial
Institutions Examination Council, the Office of the Comptroller of the
Currency, the Board of Governors of the Federal System, the Federal
Deposit Insurance Corporation, and the Office of Thrift Supervision have
developed account management and loss allowance guidance for credit card
lending. www.federalreserve.gov/boarddocs/press/bcreg/2002/20020722/default.htm
www.fdic.gov/news/news/press/2002/pr8602.html
www.ffiec.gov/press/pr072202.htm
www.occ.treas.gov/ftp/release/2002-61.txt
www.ots.treas.gov/docs/77232.html
July 18, 2002 - NCUA Chairman Tells NAFCU Audience Credit Unions Who Need
Growth To Remain Financially Sound Should Have Option Of A Strong Federal
Charter www.ncua.gov/news/press_releases/nr02-0718.html
July 18, 2002 - National Credit Union Administration Board Member Deborah
Matz addressed members of the National Association of Federal Credit
Unions (NAFCU) today at the association’s annual conference and urged
them to help their members to build wealth www.ncua.gov/news/press_releases/nr02-0718-2.html
.
July 18, 2002 - Tips to Safely Conduct Financial Transactions Over the
Internet - An NCUA Brochure for Credit Union Members www.ncua.gov/ref/letters/02-FCU-11.html
July 18, 2002 - Community Charter Approvals Under IRPS 99-1, As Amended By
IRPS 00-1 And IRPS 01-1 - The community charter report identifies
community conversions, expansions, and new community charters approved
under IRPS 99-1, as amended by IRPS 00-1 and IRPS 01-1. This report
will be updated on a quarterly basis. www.ncua.gov/ref/comm_charter_rpt/2002report.htm
________________
July 19, 2002 - "Summer 2002 Community
Developments newsletter "Community Development Financial Institutions
and CD Banks - Natural Partners for Traditional Lenders" www.occ.treas.gov/cdd/resource.htm#CD
July 19, 2002 - St. Louis Fed's Review Getting the Markets and the Fed on
the Same Page for Monetary Policy - Transparency in monetary policy enhances
policymakers' credibility and enables investors to better predict how the
Federal Reserve will respond to changes in the economy. www.stls.frb.org/general/releases/rel02/nr0718-1.html
July 19, 2002 - Missing Cashier's Checks
- The Federal Deposit Insurance Corporation (FDIC) has been informed by Bank of
America, Dallas, Texas, that 1,000 of the bank's cashier's checks have been
stolen while in transit from the check printer to the bank. www.fdic.gov/news/news/financial/2002/fil0280.html
July 18, 2002 - Federal Reserve And Sec Jointly Announce Administrative Actions
Against The PNC Financial Services Group, Inc. - The Board of Governors of the
Federal Reserve System and the U.S. Securities and Exchange Commission on
Thursday jointly announced the issuance of administrative actions addressing
bank supervisory and securities law-related matters against The PNC Financial
Services Group, Inc., Pittsburgh, Pennsylvania, a bank holding company. www.federalreserve.gov/boarddocs/press/Enforcement/2002/20020718/default.htm
July 18, 2002 - Can Regional Colleges Make a Difference in Rural America? - In
college towns across America, a mutual dependence exists between colleges and
their communities. In recent years, colleges have started taking on larger roles
in the economic development of their regions—but in doing so, must face
challenges beyond those faced by some colleges and universities. www.kc.frb.org/pubaffrs/pressrel/pr02-12.htm
July 18, 2002 - OCC Unveils New Version of Web-based Manual To Ease Access to
Updated Application Requirements - The Office of the Comptroller of the Currency
announced today that the first six
booklets in the Comptroller's Licensing Manual are now available on the OCC's
Internet site.
Press release www.occ.treas.gov/ftp/release/2002-60.txt
Manuals: http://www.occ.treas.gov/corpapps/corpapplic.htm
July 17, 2002 - OCC Releases CRA Evaluations For 17 National Banks - The Office
of the Comptroller of the Currency today released a list of Community
Reinvestment Act (CRA) performance evaluations that became public during the
period of June 15 through July 14, 2002. www.occ.treas.gov/ftp/release/2002-58.txt
July 17, 2002 - Treasury and Federal Financial Regulators Issue Patriot Act
Regulations on Customer Identification - The Department of the Treasury and
seven federal financial regulators today issued proposed rules that would
require certain financial institutions to establish minimum procedures for
identifying and verifying the identity of customers seeking to open new
financial accounts.
FRB Press Release: www.federalreserve.gov/boarddocs/press/bcreg/2002/20020717/default.htm
FDIC
Press Release: www.fdic.gov/news/news/press/2002/pr8502.html
NCUA
Press Release: www.ncua.gov/news/press_releases/nr02-0717-1.html
OCC
Press Release: www.occ.treas.gov/ftp/release/2002-59.txt
OCC Attachment: www.occ.treas.gov/ftp/release/2002-59a.pdf
OTS
Press Release: www.ots.treas.gov/docs/77231.html
July 17, 2002 - NCUA - Legal Opinion Letter 02-0520 - Segregation of Duties
for Loan Officers www.ncua.gov/ref/opinion_letters/2002/02-0520.html
July 16, 2002 - NCUA - Letter to Federal Credit Unions 02-FCU-10 -- The
Compassion Capital Fund www.ncua.gov/ref/letters/02-FCU-10.html
July 16, 2002 - Children's Online Privacy Protection Act - Attached are
examination procedures for the Children's Online Privacy Protection Act (COPPA)
that are effective immediately.
Press Release: www.occ.treas.gov/ftp/bulletin/2002-31.txt
Attachment: www.occ.treas.gov/ftp/bulletin/2002-31a.pdf
July 16, 2002 - NCUA - Issues 2003 Board Meeting Schedule - The National
Credit Union Administration Board today announces its 2003 meeting schedule. www.ncua.gov/news/press_releases/nr02-0716.html
July 16, 2002 - OCC Announces 11 New Enforcement Actions and 3 Terminations -
The Office of the Comptroller of the Currency today announced 11 new enforcement
actions taken against national banks and individuals currently and formerly
affiliated with national banks and 3 terminations of an existing enforcement
action. www.occ.treas.gov/ftp/release/2002-57.txt
July 15, 2002 - NCUA Submits Comment to
SEC Supporting Credit Union Ability to Offer Sweep Accounts - The
National Credit Union Administration announced today that it has issued a letter
to the Securities and Exchange Commission in response to the SEC’s request
for comment on the Notice of Application of Evangelical Christian Credit Union
for Exemptive Relief (SEC File No. S7-12-01).
Press Release: www.ncua.gov/news/press_releases/nr02-0715.html
Letter to SEC: http://www.ncua.gov/news/press_releases/#Letter1
July 15, 2002 - The Office of Thrift Supervision is hosting an inter-agency
information technology security conference October 15 - 17, 2002 at the Hilton
DFW Lakes Executive Center in Grapevine, Texas. The conference is offered in
cooperation with the Federal Deposit Insurance Corporation Office of the
Comptroller of the Currency, Texas Department of Banking and the Federal Reserve
Bank of Dallas. www.ots.treas.gov/docs/48906.pdf
July 15, 2002 - Low Inflation Expectations In Long Run Aid Fed's Flexibility In
Short Run: St. Louis Fed's Poole - At a time when long-run expectations of low
inflation are well established, the Federal Reserve need not be hypersensitive
to short-term inflation concerns. The reason: The Fed's credibility as a
long-term inflation fighter gives the Fed room to adjust policy to reduce
unwanted fluctuations in employment and output. www.stls.frb.org/general/releases/rel02/nr0712.html
_________________
July 11, 2002 - NCUA
activates disaster assistance in response to San Antonio flooding - The
National Credit Union Administration has activated its disaster relief
policy to assist credit unions and their members with homes and businesses
damaged or affected by recent flooding in the Texas counties of Atascosa,
Bexar, Blanco, Brown, Caldwell, Comal, Eastland, Frio, Goliad, Gonzales,
Guadalupe, Hays, Karnes, Kerr, La Salle, Medina, Real, Taylor, Travis and
Wilson.
www.ncua.gov/news/press_releases/nr02-0711.html
July 10, 2002 - The Federal Reserve Board on Wednesday announced the
execution of a Written Agreement by and among Rurban Financial Corp.,
Defiance, Ohio; The State Bank and Trust Company, Defiance, Ohio; the
Federal Reserve Bank of Cleveland; and the Ohio Division of Financial
Institutions. www.federalreserve.gov/boarddocs/press/Enforcement/2002/20020710/default.htm
July 10, 2002 - The Federal Reserve Board on Wednesday released the
minutes of its discount rate meetings from April 1 to May 6, 2002
- www.federalreserve.gov/boarddocs/press/monetary/2002/20020710/default.htm
July 10, 2002 - New Quarterly
Letter to FDIC Stakeholders to Communicate Significant Agency Activities -
As Chairman of the Federal Deposit Insurance Corporation (FDIC), I believe
that ongoing communication with the institutions we supervise and insure,
employees and other stakeholders is very important. I want to keep you
informed on how we are doing with the priorities we've set at the FDIC,
what management indicators we use at the FDIC, and significant approved
actions by the Board of Directors. www.fdic.gov/news/news/financial/2002/fil0277.html
July 10, 2002 - NCUA - Legal Opinion Letter 02-0458 - Application of 10%
Loans-to-One-Borrower Limit to Share-Secured Loans www.ncua.gov/ref/opinion_letters/2002/02-0458.html
July 9, 2002 - Specially
Designated Nationals and Blocked Persons - On June 27, 2002, the
Department of the Treasury's Office of Foreign Assets Control amended its
list of Specially Designated Nationals and Blocked Persons by adding two
names. It also redesignated one entry, with new information added, on its
list of Specially Designated Global Terrorists. www.fdic.gov/news/news/financial/2002/fil0276.html
July 9, 2002 - Guidance Regarding Indemnification Agreements and Payments
- Recently, some merger and acquisition applications filed with the
Federal Reserve have included broad scope indemnification clauses in the
agreements between the parties to the proposed transactions. Some of
these indemnification clauses seek to indemnify the target financial
institution's officers, directors, and employees from any judgments,
fines, claims or settlements whether civil, criminal, or administrative
that relate to "conduct before the merger or acquisition." www.federalreserve.gov/boarddocs/srletters/2002/sr0217.htm
July 8, 2002 - The Federal Reserve Board on Monday announced the issuance
of Orders of Restitution against William Chiang, Paul Lee, Joseph C.C. Kuo,
Lih Yuh Kuo, and Ching-Tseh Yao, all former directors of the Great Eastern
Bank, Flushing, New York. www.federalreserve.gov/boarddocs/press/Enforcement/2002/20020708/default.htm
July 8, 2002 - The Federal Reserve Board on Monday announced the execution
of a Written Agreement by and among First American Bancorp, Inc.,
Stonewall, Oklahoma, the First American Bank, Stonewall, Oklahoma, the
Federal Reserve Bank of Kansas City, and the Oklahoma State Banking
Department. www.federalreserve.gov/boarddocs/press/Enforcement/2002/200207082/default.htm
July 8, 2002 - Financial
Markets Regulation in the United States - Remarks
by Governor Mark W. Olson At the
Second Financial Summit: Challenges and Emerging Risks Facing the
Financial Industry, Madrid, Spain www.federalreserve.gov/boarddocs/speeches/2002/20020708/
July 8, 2002 - NCUA
Chairman Claims Agency's Access Across America Initiative Showing Results
Which Will "Empower Communities and Individuals" - Dollar Says
Mid-Year Numbers Show Over 9.1 Million Residents of Underserved Areas
Added to Credit Union Fields of Membership Through June 2002 http://www.ncua.gov/news/press_releases/nr02-0708.html
July 8, 2002 - Auto Industry Analysis Featured
in Latest Chicago Fed Letter - The
Chicago Fed's ninth annual Auto Outlook Symposium brought auto industry
experts together to analyze the sector’s performance and growing
concerns about costs. The latest Chicago Fed Letter summarizes the
presentations at the event and presents the participants' consensus
outlook for the U.S. economy. www.chicagofed.org/newsandevents/pressreleases/2002/pr07082002.cfm
_________________
July 5, 2002 - FDIC Issues July List Of Banks Examined For
CRA Compliance - The Federal Deposit Insurance Corporation
today issued its monthly 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 April
2002. www.fdic.gov/news/news/press/2002/pr8402.html
July 5, 2002 - NCUA Issues Prohibition Order Against Cherelyn Lutz www.ncua.gov/news/press_releases/nr02-0705-3.html;
NCUA Issues Prohibition Order Against Susan Case www.ncua.gov/news/press_releases/nr02-0705-2.html;
NCUA Issues Order of Prohibition Against Ann Sheppard www.ncua.gov/news/press_releases/nr02-0705-1.html
July 5, 2002 - The Federal Open Market Committee on Friday announced its
tentative meeting schedule for 2003: www.federalreserve.gov/boarddocs/press/monetary/2002/20020705/default.htm
July 3, 2002 - Notice of Proposed Rulemaking--Rules Governing Availability
of Information - This bulletin transmits a notice of proposed rulemaking
published by the U.S. Treasury Department's Office of Foreign Assets
Control on June 19 concerning the availability of information.
Press release www.occ.treas.gov/ftp/bulletin/2002-30.txt
Attachment http://www.occ.treas.gov/ftp/bulletin/2002-30a.pdf
July 3, 2002 - NCUA - Letter to Credit Unions 02-CU-12 -- Security Program
www.ncua.gov/ref/letters/02-CU-12.html
July 3, 2002 - Minority-Owned
Banks - The Federal Reserve Board compiles quarterly data on banks
that participate in the Department of the Treasury's Minority Bank Deposit
Program and releases the data about twelve weeks after the end of each
quarter. The data come from the Consolidated Reports of Condition and
Income filed quarterly by banks (FFIEC 031 through 034) and from other
information in the Board's National Information Center database. www.federalreserve.gov/releases/mob/
July 2, 2002 - Fictitious Financial Programs Attributed to the Office of
the Comptroller of the Currency - The Office of the Comptroller of the
Currency (OCC) has received copies of numerous fictitious documents by
facsimile and e-mail that contain proposals involving claims to certain
international payments reportedly held by the OCC.
Press Release: www.occ.treas.gov/ftp/alert/2002-7.txt
Attachment: www.occ.treas.gov/ftp/alert/2002-7a.pdf
Attachment: www.occ.treas.gov/ftp/alert/2002-7b.pdf
July 2, 2002 - NCUA - Future Computer System Requirements for Processing
Electronic Call Reports (Forms 5300 and 5300SF) and Report of Officials -
NCUA is introducing enhancements to the Call Report and Report of
Officials programs that will make them easier for credit unions to use,
run more efficiently, and be less costly for NCUA to support. www.ncua.gov/ref/letters/02-CU-10.html
July 2, 2002 - FDIC Sells Nextbank Owned Credit Card Portfolio - The
Federal Deposit Insurance Corporation (FDIC) has announced the sale of the
owned credit card portfolio from the former NextBank, National
Association, Phoenix, Arizona NextBank
was closed on February 7, 2002, by the Office of the Comptroller of the
Currency and the FDIC was named receiver www.fdic.gov/news/news/press/2002/pr8302.html
July 2, 2002 - Regulation
and Supervision - Small-Entity Compliance Guide for Regulation P (Privacy
of Consumer Financial Information) http://www.federalreserve.gov/regulations/cg/regpcg.htm
July 1, 2002 - FDIC To Market Connecticut Bank Of Commerce Assets
- The Federal Deposit Insurance Corporation (FDIC) today announced
that it will market a $248 million loan portfolio from the failed
Connecticut Bank of Commerce, Stamford, Connecticut, whose offices were
located in several Connecticut cities and New York, New York, within the
next 45 days. www.fdic.gov/news/news/press/2002/pr8202.html
July 1, 2002 - Financial Holding
Companies - Under the Bank Holding Company Act, bank holding
companies may elect to be financial holding companies. Following is a list
of those companies whose elections to become or be treated as financial
holding companies are effective. The list includes only the top-tier
holding company in each organization. http://www.federalreserve.gov/generalinfo/fhc/default.htm
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