Bank Regulatory News
July 2003
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July 31, 2003 - The
Federal Financial Institutions Examination Council today announced
the availability of data on small business, small farm, and
community development lending reported by commercial banks and
thrifts. www.ffiec.gov/hmcrpr/cra073103.htm
July 31, 2003 - NCUA - FRAUD ALERT - Fraudulent Advertisements by
Entities Claiming to be Credit Unions - The National Credit Union
Administration has become aware of fraudulent lending practices by
entities/persons representing themselves as credit unions in
newspaper advertisements. www.ncua.gov/news/press_releases/2003/ADV03-0731.htm
July 31, 2003 - Federal
Banking Agencies Announce New Interagency Electronic Filing System
for Beneficial Ownership Reports - The Federal Deposit Insurance
Corporation, the Federal Reserve Board, and the Office of the
Comptroller of the Currency announced today a new interagency
electronic filing system that will allow faster and easier
submission and public retrieval of beneficial ownership reports
filed by directors, officers, and principal shareholders of
institutions (insiders) whose equity securities are registered with
the FDIC, the FRB, and the OCC.
Press Release: www.occ.treas.gov/jointnewsrelease.asp?Doc=DAXTI4B.xml
Attachment: http://www.occ.treas.gov/ftp/release/2003-58a.pdf
July 31, 2003 - OCC Takes Steps To Keep Abusive Practices Out Of
National Banking System While Ensuring Continued Access To Credit
For Low-Income Americans - The Office of the Comptroller of the
Currency issued an order today holding that the Georgia Fair Lending
Act does not apply to national banks and proposed a new regulation
that would clarify what types of state laws apply to national banks.
Press Release: www.occ.treas.gov/newsrelease.asp?Doc=9YWB2OJB.xml
Attachment: www.occ.treas.gov/statementhawke.pdf
Attachment: www.occ.treas.gov/georgiapreorder.pdf
Attachment: www.occ.treas.gov/nprm.pdf
Attachment: www.occ.treas.gov/gflaqas.pdf
July 30, 2003 - NCUA - Opinion
Letter - 03-0647- Federal Credit Union and Credit Union Service
Organization Participation in New Markets Tax Credits Program
www.ncua.gov/ref/opinion_letters/2003_letters/03-0647.htm
July 30, 2003 - Beneficial
Ownership Reports - Insider
Reports - "Insider reports" collect information on
the beneficial ownership of equity securities for (1) any director
or officer of an issuer with a class of equity securities registered
pursuant to Section 12 of the Securities Exchange Act of 1934 ('34
Act); (2) any beneficial owner of greater than 10 percent of a class
of equity securities registered under Section 12 of the '34 Act, as
determined by voting or investment control over the securities
pursuant to Rule 16a-1(a)1; and (3) any trust, trustee, beneficiary,
or settler required pursuant to Rule 16a-8. www.federalreserve.gov/boarddocs/reportforms/insider.cfm
July 30, 2003 - Beige Book - Informal review by the Federal Reserve Banks of current
economic conditions in their Districts www.federalreserve.gov/FOMC/BeigeBook/2003/20030730/Default.htm
July 29, 2003 - U.S.
Department of Treasury FinCEN Advisory 27W - This issuance transmits
FinCEN Advisory 27W and revises the list of countries cited in
previous related advisory letters beginning in July 2000 that
identified 15 countries with serious deficiencies in their
counter-money-laundering systems.
Press Release: www.occ.treas.gov/ftp/advisory/2003-6.txt
Attachment: www.occ.treas.gov/ftp/advisory/2003-6a.pdf
July 29, 2003 - NCUA - Letter
To Credit Unions - Non-Maturity
Shares and Balance Sheet Risk - This letter follows a series
of letters issued on the subject of balance sheet risk management. www.ncua.gov/ref/letters/2003/03-CU-11.doc
July 29, 2003 - Financial Holding Companies As of July 25, 2003 - 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. www.federalreserve.gov/GeneralInfo/FHC/default.htm
July 29, 2003 - National
credit reporting system - Dolores
S. Smith Director,
Division of Consumer and Community Affairs Before the
Committee on Banking, Housing, and Urban Affairs, U.S. Senate July
29, 2003 www.federalreserve.gov/boarddocs/testimony/2003/20030729/default.htm
July 28, 2003 - NCUA - Realignment Plan Released - The National
Credit Union Administration (NCUA) released a summary of its
Realignment Transition Plan today, providing a timeline for the
agency’s transition from six regional offices to five, and the
relocation of the California office to Arizona. www.ncua.gov/news/press_releases/2003/NR03-0728.htm
July 28, 2003 - Citibank N.A., New York, enters into formal written agreement with the
Office of the Comptroller of the Currency.
www.occ.treas.gov/ftp/eas/ea2003-77.pdf
July 28, 2003 - OCC
Releases Year-end Edition of Quarterly Journal on the Web -
The March 2003 issue of the Quarterly Journal, Vol. 22, No. 1
(for the year-end and fourth quarter 2002), is now available on-line
in PDF, both as a combined file and
as individual chapters for ease of downloading. This issue features
the last "Comptroller's Report of Operations" to be
published in the Quarterly Journal. www.occ.treas.gov/qj/qj.htm
July 28, 2003 - Federal Reserve Bank of St. Louis to Stop Cash
Processing Services at Little Rock, Louisville Branches - www.stlouisfed.org/news/releases/2003/07_28_03.html
July 28, 2003 - Latest Chicago Fed Letter Looks at the
Changing Demographics of Chicago's Hispanic Population - A large percentage of the Chicago-area's
rapidly growing Hispanic population does not use mainstream
financial services, according to Chicago Fed Economist Maude
Toussaint-Comeau in the August Chicago Fed Letter. www.chicagofed.org/newsandevents/pressreleases/2003/pr07282003.cfm
July 28, 2003 - Federal Banking Agencies Announce New Interagency
Electronic Filing System for Beneficial Ownership Reports - The
Federal Deposit Insurance Corporation, the Federal Reserve Board,
and the Office of the Comptroller of the Currency announced today a
new interagency electronic filing system that will allow faster and
easier submission and public retrieval of beneficial ownership
reports filed by directors, officers, and principal shareholders of
institutions (insiders) whose equity securities are registered with
the FDIC, the FRB, and the OCC.
FRB - www.federalreserve.gov/boarddocs/press/bcreg/2003/20030728/default.htm
FDIC - www.fdic.gov/news/news/press/2003/pr7403.html
FDIC - www.fdic.gov/news/news/financial/2003/fil0360.html
OCC - www.occ.treas.gov/jointnewsrelease.asp?Doc=DAXTI4B.xml
OCC Attachment - www.occ.treas.gov/ftp/release/2003-58a.pdf
July 28, 2003 - The Federal Reserve Board on Monday announced the
execution of a Written Agreement between Citigroup, Inc., New York,
New York, and the Federal Reserve Bank of New York. www.federalreserve.gov/boarddocs/press/Enforcement/2003/20030728/default.htm
July 28, 2003 - The Federal Reserve Board and the New York State
Banking Department on Monday jointly announced the execution of a
Written Agreement among J.P. Morgan Chase & Co., New York, New
York, the Federal Reserve Bank of New York, and the New York State
Banking Department. www.federalreserve.gov/boarddocs/press/Enforcement/2003/200307282/default.htm
_____________
July 25, 2003 - Interagency Advisory on the Use of the Federal
Reserve's Primary Credit Program in Effective Liquidity Management - The
Board of Governors of the Federal Reserve System, the Office of the
Comptroller of the Currency, the Federal Deposit Insurance Corporation,
the Office of Thrift Supervision, and the National Credit Union
Administration (collectively, the Agencies) have issued the attached Interagency
Advisory on the Use of the Federal Reserve's Primary Credit Program in
Effective Liquidity Management. www.federalreserve.gov/boarddocs/srletters/2003/sr0315.htm
July 25, 2003 - NCUA - Remarks by
NCUA Vice Chair JoAnn Johnson at NAFCU's 36th Annual Conference and
Exhibition www.ncua.gov/news/speeches/2003/Johnson03-0725.htm
July 25, 2003 - NCUA - Board
Member Matz addresses the National Association of Federal Credit Unions (NAFCU)
during their Annual Conference in Boston, MA www.ncua.gov/news/speeches/2003/Matz03-0725.htm
July 25, 2003 - NCUA - Matz Urges Credit Unions to Change 3 Perceptions - Speech
to NAFCU Offers Perspective on Large CUs, Business Loans and Tax Threats -
www.ncua.gov/news/press_releases/2003/NR03-0725.htm
July 24, 2003 - Comptroller Hawke Urges New Approach to Combating
Predatory Lending - Comptroller of the Currency John D. Hawke, Jr. said
today that many well-intentioned efforts to combat predatory lending may
be having the unintended result of impeding the flow of credit to
creditworthy subprime borrowers.
Press Release: www.occ.treas.gov/newsrelease.asp?Doc=92PAMG4.xml
Attachment: www.occ.treas.gov/ftp/release/2003-57a.pdf
July 24, 2003 - Reports to the
Congress - Differences in
Capital and Accounting Standards among the Federal Banking and Thrift
Agencies www.federalreserve.gov/boarddocs/rptcongress/differences/2003.htm
July 23, 2003 - OTS Says New Jersey Law Does Not Apply To Federal Thrifts
- The Office of Thrift Supervision announced today that federal law
preempts provisions of the recently enacted New Jersey Home Ownership
Security Act of 2002 from applying to federal savings associations and
their operating subsidiaries. Federal preemption of the New Jersey law is
based on the Home Owners' Loan Act and OTS regulations that
comprehensively and exclusively regulate lending by federal savings
associations. www.ots.treas.gov/docs/77322.html
July 23, 2003 - www.frbsf.org/news/releases/2003/0723.html
July 23, 2003 - NCUA to
Participate in White House Conference on Faith-Based and Community
Initiatives - Panel Discussion
Focuses on Credit Union Role in Community Development and Highlights
Faith-Based Credit Unions www.ncua.gov/news/press_releases/2003/NR03-0722-3.htm
July 23, 2003 - NCUA - IRS Tax
Counseling For Elderly Initiative Available For Credit Union Participation
- America's credit unions will have greater access to technical
assistance resources through a National Credit Union
Administration-Internal Revenue Service partnership, according to NCUA
Chairman Dennis Dollar. www.ncua.gov/news/press_releases/2003/NR03-0722-2.htm
July 23, 2003 - OCC Announces New
Electronic Interpretations and Actions - www.occ.treas.gov/interp/jul03/intjul03.htm
July 23, 2003 - Use Of The Federal Reserve's Primary Credit Program In
Effective Liquidity Management - The
Federal Reserve has established two new discount window programs that can
alter the way in which some depository institutions use discount window
borrowings in their liquidity management and contingency planning. The
federal banking, thrift and credit union regulatory agencies have prepared
an interagency advisory on the need for institutions to develop
contingency funding plans that incorporate the new discount window
programs, as well as other viable sources of liquidity funds. www.fdic.gov/news/news/financial/2003/fil0359.html
July 23, 2003 - Agencies Issue Guidance on Appropriate Use of Discount
Window - The federal banking, thrift, and credit union regulatory agencies
today issued guidance on the appropriate use of the Federal Reserve's new
primary credit discount window program in depository institutions'
liquidity risk management and contingency planning.
Press Release: www.federalreserve.gov/boarddocs/press/bcreg/2003/20030723/default.htm
Press Release: www.fdic.gov/news/news/press/2003/pr7303.html
Press Release: www.ots.treas.gov/docs/77323.html
Press Release: www.ncua.gov/news/press_releases/2003/JR03-0723.pdf
Press Release: www.occ.treas.gov/jointnewsrelease.asp?Doc=5Q4YXIB1.xml
Attachment: www.occ.treas.gov/ftp/release/2003-56a.pdf
July 23, 2003 - An unwelcome fall in
inflation? - Governor
Ben S. Bernanke Before the Economics Roundtable,
University of California, San Diego, La Jolla, California http://www.federalreserve.gov/boarddocs/speeches/2003/20030723/default.htm
July 22, 2003 - "Community
Bank Supervision," a booklet in the Comptroller's Handbook series,
has been revised to include risk-based consumer compliance and asset
management information, to afford managers more flexibility in determining
the scope and timing of supervisory activities, and to stress the
importance of evaluating and validating a bank's audit and internal
control functions. www.occ.treas.gov/handbook/cbsh2003intro.pdf
July 22, 2003 - FDIC Makes Public June Enforcement Actions; No
Administrative Hearings Scheduled - The
Federal Deposit Insurance Corporation (FDIC) 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/2003/pr7203.html
July 22, 2003 - Finance and
Economics Discussion Series - 2003
FEDS papers www.federalreserve.gov/pubs/feds/2003/index.html
July 21, 2003 - NCUA - Opinion
Letter 03-0382 - Long Term Care Insurance Benefit for Officials www.ncua.gov/ref/opinion_letters/2003_letters/03-0382.htm
July 21, 2003 - NCUA Disaster
Assistance Activated for Texas Hurricane Victims - The National
Credit Union Administration has activated its disaster relief policy to
assist credit unions and members in counties eligible for disaster relief
assistance in Texas where offices and homes were destroyed by wind, rain
and flooding caused by Hurricane Claudette. www.ncua.gov/news/press_releases/2003/NR03-0721.htm
July 21, 2003 - OCC Releases CRA Evaluations For 80 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 June 15, 2003 through July 14, 2003. www.occ.treas.gov/newsrelease.asp?Doc=TGFLKDMD.xml
_____________
July
18, 2003 - Articles from the
Federal Reserve Bulletin July 2003 - Household Financial
Management: The Connection between Knowledge and Behavior - www.federalreserve.gov/pubs/bulletin/2003/0703lead.pdf
July 18, 2003 - NCUA - Matz Asks
Examiners to Emphasize "Flexibility
and Responsibility" - NCUA
examiners have more flexibility to do their jobs in today's regulatory
environment, NCUA Board Member Debbie Matz told the agency's supervisors
conference this week. At the same time, Matz emphasized that "this new
flexibility comes with more responsibility." www.ncua.gov/news/press_releases/2003/NR03-0718.htm
July 17, 2003 - Comptroller Of The Currency Bank Accounting Advisory
Series - This edition of the Bank Accounting Advisory Series expresses the
Office of the Chief Accountant's current views on accounting topics of
interest to national banks. Banks prepare their Consolidated Reports of
Condition and Income using generally accepted accounting principles.
Accordingly, this series has been revised to incorporate the conversion to
those principles. www.occ.treas.gov/ba062003.pdf
July 17, 2003 - Fraudulent Federal Reserve Note Schemes - Over the past
several years, the Federal Reserve has issued various advisories
relating to bogus investment schemes involving phony
"prime bank" notes, letters of credit, and guarantees, and
other financial instruments. www.federalreserve.gov/boarddocs/srletters/2003/sr0314.htm
July 16, 2003 - OCC Announces Eight New Enforcement Actions and One
Termination - The Office of the Comptroller of the Currency today
announced eight new enforcement actions taken against national banks and
individuals currently and formerly affiliated with national banks and one
termination of an existing enforcement action. www.occ.treas.gov/newsrelease.asp?Doc=56HZ6NWO.xml
July 16, 2003 - Payment Systems
- Data on Federal Reserve Bank commercial check transportation costs
in 2002 www.federalreserve.gov/paymentsystems/checkservices/default.htm
July 16, 2003 - NCUA - Statement by the NCUA Chairman - National Credit
Union Administration Chairman Dennis Dollar issued the following statement
regarding the suit filed today by the American Bankers Association, Utah
Bankers Association, Bank of Utah, Liberty Bank, First Utah Bank, and
Frontier Bank, FSB vs. National Credit Union Administration. www.ncua.gov/news/press_releases/2003/Stmt03-0715.htm
July 16, 2003 - Industrial
Production And Capacity Utilization - Industrial production rose
0.1 percent in both May and June. Manufacturing posted gains of 0.1
percent in May and 0.4 percent in June, thereby rising in consecutive
months for the first time since August.
www.federalreserve.gov/Releases/G17/Current/default.htm
July 15, 2003 - NCUA Vice Chair
Johnson Says Wise Use of Resources Remains a Priority; Promotes Role of
Member Business Lending to Agency Staff.
http://www.ncua.gov/news/press_releases/2003/NR03-0715.htm
July 15, 2003 - NCUA Reports
Agency Meeting Key Priorities of The President's Management Agenda -
National Credit Union Administration Chairman Dennis Dollar reported today
at the bi-annual national NCUA supervisory conference that the agency has
significantly achieved six key priorities of President George W. Bush's
Management Agenda for the federal government in the areas of strategic
management of human capital, competitive sourcing, improved financial
performance, expanded electronic government, budget and performance
integration, and faith-based and community initiatives. www.ncua.gov/news/press_releases/2003/NR03-0714-2.htm
July 15, 2003 - Working Papers -
International Finance Discussion Papers 2003-767
through 2003-769 www.federalreserve.gov/whatsnew.htm
July 15, 2003 - Board of Governors of the Federal Reserve System
- Monetary Policy
Report to the Congress www.federalreserve.gov/BoardDocs/HH/2003/July/FullReport.pdf
July 15, 2003 - Testimony of
Chairman Alan Greenspan Federal Reserve Board's semiannual
monetary policy report to the Congress Before the Committee on
Banking, Housing, and Urban Affairs, U.S. Senate July 15, 2003
www.federalreserve.gov/boarddocs/hh/2003/july/testimony.htm
July 14, 2003 - NCUA Chairman Dollar Extends "Call To Action" - To "New
Generation of NCUA Leadership" - NCUA
Chairman Cites Statistics Showing 1 in 3 NCUA Supervisors Eligible To
Retire in Four Years or Less, Calls On "Positive Thinkers With Right
Philosophy" to Continue Agency's Direction in Years Ahead www.ncua.gov/news/press_releases/2003/NR03-0714.htm
_______________
July 11, 2003 - NCUA - Final
Accounting Manual for Federal Credit Unions is available for download www.ncua.gov/ref/accounting_manuals/accounting_manual.html
July 11, 2003 - Bank and Thrift Agencies to Seek Comment On Proposals for
U.S. Implementation of Basel II - The Office of the Comptroller of the
Currency joined with the other federal bank and thrift regulatory agencies
today in releasing three documents related to the U.S. implementation of
the Basel II Capital Accord.
Press Release: www.occ.treas.gov/newsrelease.asp?Doc=7SVMEYZQ.xml
Press Release: www.federalreserve.gov/boarddocs/press/bcreg/2003/20030711/default.htm
Attachment: www.occ.treas.gov/FTP/Release/2003-53.pdf
Attachment: www.occ.treas.gov/FTP/Release/2003-53a.pdf
Attachment: www.occ.treas.gov/FTP/Release/2003-53b.pdf
Attachment: www.occ.treas.gov/FTP/Release/2003-53c.pdf
July 11, 2003 - New Web Site from St. Louis Fed To Help Banks Prepare for
New HMDA Revisions - The Federal Reserve Bank of St. Louis has created a
new web site to help lenders at depository institutions throughout the
country comply with the new reporting changes that will be required by
"Regulation C," which implements the Home Mortgage Disclosure
Act www.stlouisfed.org/news/releases/2003/07_10_03.htm
July 11, 2003 - The Federal Reserve Board on Friday announced its approval
of the notice by Mainstreet Bank, Bunceton, Missouri, to establish a
branch at the location of its current main office, 101 Main Street,
Bunceton. In connection with this proposal, Mainstreet Bank will
redesignate its existing branch location at 301 East Broadway, Ashland,
Missouri, as its main office. www.federalreserve.gov/boarddocs/press/orders/2003/20030711/default.htm
July 10, 2003 - Second Quarter 2003 Edition of the FDIC's Letter to
Stakeholders - The FDIC issues its fifth Letter to Stakeholders, a report
of the agency's activities for the second quarter of 2003. www.fdic.gov/news/news/financial/2003/fil0358.html
July 10, 2003 - NCUA - Credit Unions Find Many Ways to Serve Latinos -
Credit unions have many ways to build trust and lasting relationships with
Latinos -- America's largest and fastest-growing minority. www.ncua.gov/news/press_releases/2003/NR03-0710.htm
July 10, 2003 - NCUA - Scott Hunt Named Alexandria Associate Regional
Director of Operations www.ncua.gov/news/press_releases/2003/NR03-0709.htm
July 10, 2003 - OTS Financial Management Seminars July/August 2003 www.ots.treas.gov/docs/48937.html
July10, 2003 - Natural gas supply - Testimony of Chairman Alan Greenspan
Before the Committee on Energy and Natural Resources, U.S. Senate July 10,
2003 http://www.federalreserve.gov/BoardDocs/Testimony/2003/20030710/default.htm
July 8, 2003 - NCUA - Matz Urges Credit Unions to Serve Largest Minority -
PALS Workshop Presents Ways to Connect with Latinos www.ncua.gov/news/press_releases/2003/NR03-0708.htm
July 8, 2003 - Consumer credit rose at an annual rate of 5 percent in May,
following a 5-1/2 percent increase in April. www.federalreserve.gov/Releases/G19/Current/default.htm
July 7, 2003 - Real Exchange Rates and Retail Trade Examined - The latest
Chicago Fed Letter examines retail industries near the U.S.-Canada border
and how exchange rate fluctuations affect competition. www.chicagofed.org/newsandevents/pressreleases/2003/pr07072003.cfm
July 7, 2003 - NCUA Adds New Share Insurance Estimator to Its Web Site -
The National Credit Union Administration announced today that a new
Electronic Share Insurance Estimator is available on the agency's Web site
at www.ncua.gov. The Estimator
enables credit union members to estimate the amount of insurance
protection provided by the National Credit Union Share Insurance Fund
based upon the type and structure of their credit union accounts www.ncua.gov/news/press_releases/2003/NR03-0707.htm
_______________
July 3, 2003 - OTS Issues Third
Quarter 2003 CRA Examination Schedule - The Office of Thrift Supervision
(OTS) has issued its schedule of Community Reinvestment Act (CRA)
examinations during the third quarter of 2003. www.ots.treas.gov/docs/77320.html
July 3, 2003 - NCUA - Treasury Seeks Comments on Customer Identification
Rule Requirements - The Department of the Treasury is seeking additional
comments on two issues relating to customer identification provisions
required by the U.S. PATRIOT ACT. www.ncua.gov/news/press_releases/2003/ADV03-0702.htm
July 3, 2003 - 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 2003. www.fdic.gov/news/news/press/2003/pr7103.html
July 3, 2003 - Instructions for Reporting Trust Preferred Securities on
Schedule HC-R of the FR Y-9C - Recently, the Federal Reserve has become
aware that Financial Accounting Standards Board Interpretation No. 46 (FIN 46)
may have implications for how trust preferred securities are reported on
bank holding companies’ financial statements. www.federalreserve.gov/boarddocs/SRLETTERS/2003/sr0313.htm
July 3, 2003 - The Federal Reserve Board on Thursday released the minutes
of its discount rate meetings from March 31 to May 5, 2003. www.federalreserve.gov/boarddocs/press/monetary/2003/20030703/default.htm
July 2, 2003 - Licensing Manual
Update - The revised "Capital and Dividends"
booklet of the Comptroller's Licensing Manual series is available on the
OCC's Internet site. This booklet updates and replaces the previous 1998
version. The revisions incorporate recent policy and procedure changes
regarding blank check preferred stock, innovative and hybrid capital
instruments, and issuance of no par stock. http://www.occ.treas.gov/corpbook/group3/public/pdf/capital3.pdf
July 2, 2003 - Proposed Rule to
Clarify the Regulations on Insuring Living Trust Accounts - The FDIC is
soliciting public comment on two alternative proposed rules governing the
insurance coverage of deposit accounts held in connection with living
trust accounts. www.fdic.gov/news/news/financial/2003/fil0354.html
July 2, 2003 -FDIC Issues Examination Guidance For Payday Lending - The
Federal Deposit Insurance Corporation (FDIC) today issued examination
guidance for FDIC-supervised institutions that offer payday loans. Payday
loans are small-dollar, unsecured, short-term advances offered at high
annual percentage rates. The examination guidance is necessitated by the
high-risk nature of payday lending and the substantial growth of this
product. www.fdic.gov/news/news/press/2003/pr7003.html
July 2, 2003 - OCC 2003-31,
Community Reinvestment Act: Income Level, Median Family Income - Attached
are 2000 U.S. Census and 2003 Department of Housing and
Urban Development estimated median family incomes for
metropolitan statistical areas and non-MSA portions of each
state.
Press Release - www.occ.treas.gov/ftp/bulletin/2003-31.txt
Attachment - http://www.occ.treas.gov/ftp/bulletin/2003-31a.pdf
July 2, 2003 -St. Louis Fed's Review: The Influence of Financial
Markets and Institutions on the Economy - The
July/August issue of Review, the Federal Reserve Bank of St. Louis'
bimonthly publication of economic and business issues, features papers
presented at the Reserve Bank's 27th Annual Economic Policy Conference,
held in October of 2002. www.stlouisfed.org/news/releases/2003/07_02_03.html
July 1, 2003 - FRB Legal
Interpretations:
1) Whether the proposed admission of a new class of members to a
registered broker-dealer poses a violation of Regulation T
www.federalreserve.gov/boarddocs/legalint/MarginRequirements/2001/20010712/.
2) Use of cash account under section 220.8 of Regulation T -
www.federalreserve.gov/boarddocs/legalint/MarginRequirements/2000/20000107/
and www.federalreserve.gov/boarddocs/legalint/MarginRequirements/2000/20000106/.
3) Pre-borrowing
of securities under Regulation T - www.federalreserve.gov/boarddocs/legalint/MarginRequirements/1999/19991216/.
4) Application
of Board's margin regulations to an insurance company www.federalreserve.gov/boarddocs/legalint/MarginRequirements/1999/19991026/.
July 1, 2003 - Statistical Release
- E.15 Agricultural Finance Databook www.federalreserve.gov/Releases/e15/default_2003.htm
July 1, 2003 -Statistical Release -
G.5 Foreign Exchange Rates (Monthly) www.federalreserve.gov/Releases/G5/Current/default.htm
July 1, 2003 -The Federal Reserve Board on Tuesday announced the
publication of Spanish-language versions of two popular consumer
brochures, in both print and electronic formats. www.federalreserve.gov/boarddocs/press/other/2003/20030701/default.htm
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