Bank Regulatory News

July 2010

July 30, 2010 - Home Federal Bank, Nampa, Idaho, Assumes All of the Deposits of LibertyBank, Eugene, Oregon - LibertyBank, Eugene, Oregon, was closed today by the Oregon Division of Finance and Corporate Securities, which appointed the Federal Deposit Insurance Corporation as receiver. To protect the depositors, the FDIC entered into a purchase and assumption agreement with Home Federal Bank, Nampa, Idaho, to assume all of the deposits of LibertyBank. www.fdic.gov/news/news/press/2010/pr10176.html 

July 30, 2010 - Heritage Bank, Olympia, Washington, Assumes All of the Deposits of The Cowlitz Bank, Longview, Washington - The Cowlitz Bank, Longview, Washington, was closed today by the Washington Department of Financial Institutions, which appointed the Federal Deposit Insurance Corporation as receiver. To protect the depositors, the FDIC entered into a purchase and assumption agreement with Heritage Bank, Olympia, Washington, to assume all of the deposits of The Cowlitz Bank. www.fdic.gov/news/news/press/2010/pr10175.html

July 30, 2010 - Centennial Bank, Conway, Arkansas, Acquires All of the Deposits of Two Institutions in Florida - Bayside Savings Bank, Port Saint Joe and Coastal Community Bank, Panama City Beach - Bayside Savings Bank, Port Saint Joe, Florida and Coastal Community Bank, Panama City Beach, Florida, were closed today by federal and state banking agencies, which then appointed the Federal Deposit Insurance Corporation as receiver for both institutions. To protect depositors, the FDIC entered into purchase and assumption agreements with Centennial Bank, Conway, Arkansas, to assume all the deposits and essentially all the assets of the two failed institutions www.fdic.gov/news/news/press/2010/pr10174.html

July 30, 2010 - FDIC Closes on Pilot Securitization of Performing Single-Family Mortgages from 16 Failed Banks - The Federal Deposit Insurance Corporation today closed on a sale of securities as part of a securitization backed by approximately $471.3 million of performing single-family mortgages from 16 failed banks. The investors represented a wide variety of organizations and paid par for the senior certificates. This pilot program marks the first time the FDIC has sold assets in a securitization in the current financial crisis. www.fdic.gov/news/news/press/2010/pr10173.html

July 30, 2010 - State Bank and Trust Company, Macon, Georgia, Assumes All of the Deposits of NorthWest Bank and Trust, Acworth, Georgia - NorthWest Bank and Trust, Acworth, Georgia, was closed today by the Georgia Department of Banking and Finance, which appointed the Federal Deposit Insurance Corporation as receiver. To protect the depositors, the FDIC entered into a purchase and assumption agreement with State Bank and Trust Company, Macon, Georgia, to assume all of the deposits of NorthWest Bank and Trust. www.fdic.gov/news/news/press/2010/pr10172.html

July 30, 2010 - Chicago Fed Midwest Manufacturing Index - The Chicago Fed Midwest Manufacturing Index is a monthly estimate by major industry of manufacturing output in the Seventh Federal Reserve District states of lllinois, Indiana, Iowa, Michigan, and Wisconsin. It is a composite index of 15 manufacturing industries that uses hours worked data to measure monthly changes in regional activity. www.chicagofed.org/webpages/publications/cfmmi/index.cfm 

July 30, 2010 - Survey Finds Financial Conditions in LMI Community Deteroriate Moderately.  www.kc.frb.org/pubaffrs/pressrel/2010pdf/press.release.10.18.pdf

July 30, 2010 - Regulatory Relief - Guidance to Help Financial Institutions and Facilitate Recovery in Areas of South Dakota Affected by Severe Weather - The FDIC has announced a series of steps intended to provide regulatory relief to financial institutions and facilitate recovery in areas of South Dakota affected by severe storms, flooding and tornadoes. www.fdic.gov/news/news/financial/2010/fil10045.html

July 30, 2010 - Secure and Fair Enforcement for Mortgage Licensing Act of 2008 - Notice of Joint Final Rule: Registration of Residential Mortgage Loan Originators - The Office of the Comptroller of the Currency, the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, the Office of Thrift Supervision, the Farm Credit Administration, and the National Credit Union Administration published in the Federal Register the attached joint final rule implementing the Secure and Fair Enforcement for Mortgage Licensing Act of 2008 on July 28, 2010. The rule takes effect on October 1, 2010, and institutions will be expected to implement appropriate policies, procedures and management systems to ensure compliance. Applicable mortgage loan originators must register with the Nationwide Mortgage Licensing System and Registry within 180 days of the date the NMLSR can begin accepting registrations, which could be as soon as January 28, 2011. The FDIC will provide advance notice of the exact date. www.fdic.gov/news/news/financial/2010/fil10043.html

July 30, 2010 - Regulatory Relief - Guidance to Help Financial Institutions and Facilitate Recovery in Areas of Iowa Affected by Severe Weather - The FDIC has announced a series of steps intended to provide regulatory relief to financial institutions and facilitate recovery in areas of Iowa affected by severe storms, flooding and tornadoes. www.fdic.gov/news/news/financial/2010/fil10044.html

July 30, 2010 - FDIC Makes Public June Enforcement Actions; One Administrative Hearing Scheduled for August 2010 - The Federal Deposit Insurance Corporation today released a list of orders of administrative enforcement actions taken against banks and individuals in June. One administrative hearing is scheduled for August 2010. http://www.fdic.gov/news/news/press/2010/pr10171.html

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

July 30, 2010 - The Federal Reserve Board on Friday published its annual adjustment of the dollar amount of fees that triggers additional disclosure requirements under the Truth in Lending Act and the Home Ownership and Equity Protection Act of 1994 for home mortgage loans that bear rates or fees above a certain amount. www.federalreserve.gov/newsevents/press/bcreg/20100730a.htm

July 30, 2010 - The Federal Reserve Board on Friday announced the execution of a Written Agreement by and among Premier Financial Bancorp, Inc., Huntington, West Virginia, a registered bank holding company, Abigail Adams National Bancorp, Inc., Washington, D.C., a registered bank holding company, Consolidated Bank and Trust Company, Richmond, Virginia, a state-chartered member bank, the Federal Reserve Bank of Richmond, and the Virginia State Corporation Commission Bureau of Financial Institutions. www.federalreserve.gov/newsevents/press/enforcement/20100730a.htm 

July 29, 2010 - NCUA - Norbel Credit Union Members Now Served by Security Service Federal Credit Union - Member accounts federally insured, service to members continues uninterrupted - The National Credit Union Administration today was appointed liquidating agent of Norbel Credit Union of Fort Collins, Colorado, by the Colorado Division of Financial Services; and Security Service Federal Credit Union of San Antonio, Texas, immediately purchased and assumed Norbel’s assets, liabilities and members.   www.ncua.gov/news/press_releases/2010/MA10-0729NorbelCUMemberServedSecurityServiceFCU.pdf
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July 29, 2010 - Seven Faces of "The Peril" Executive Summary - In this manuscript, Federal Reserve Bank of St. Louis President James Bullard argues that the Federal Open Market Committee's extended period language may be increasing the probability of a Japanese-style deflationary outcome for the U.S. within the next several years. http://research.stlouisfed.org/econ/bullard/pdf/SevenFacesSummaryFinal.pdf

July 29, 2010 - Bank Holding Company Supervision Manual - Provides guidance for conducting inspections of bank holding companies and their nonbank subsidiaries. The supervisory objectives of the inspection program are to ascertain whether the financial strength of the bank holding company is being maintained on an ongoing basis and to determine the effects or consequences of transactions between a holding company or its nonbanking subsidiaries and its subsidiary banks. www.federalreserve.gov/boarddocs/supmanual/supervision_bhc.htm 

July 29, 2010 - The Federal Reserve Board on Thursday announced the agenda and panelists for the second of four public hearings this year on potential revisions to Regulation C, which implements the Home Mortgage Disclosure Act. The event will be held Thursday, August 5 at the Federal Reserve Bank of San Francisco. Those who want to attend the hearing should register in advance online. www.federalreserve.gov/newsevents/press/bcreg/20100729a.htm 

July 29, 2010 - The Federal Reserve Board on Thursday announced the execution of a Written Agreement by and between Community Valley Bancorp, Chico, California, a registered bank holding company, and the Federal Reserve Bank of San Francisco. www.federalreserve.gov/newsevents/press/enforcement/20100729c.htm

July 29, 2010 - The Federal Reserve Board on Thursday announced the execution of a Written Agreement by and between Macatawa Bank Corporation, Holland, Michigan, a registered bank holding company, and the Federal Reserve Bank of Chicago. www.federalreserve.gov/newsevents/press/enforcement/20100729a.htm 

July 29, 2010 - The Federal Reserve Board on Thursday announced the execution of a Written Agreement by and between North State Bancshares, Inc., Shakopee, Minnesota, a registered bank holding company, and the Federal Reserve Bank of Minneapolis. www.federalreserve.gov/newsevents/press/enforcement/20100729b.htm

July 28, 2010 - Economic activity has continued to increase, on balance, since the previous survey, although the Cleveland and Kansas City Districts reported that the level of economic activity generally held steady. Among those Districts reporting improvements in economic activity, a number of them noted that the increases were modest, and two Districts, Atlanta and Chicago, said that the pace of economic activity had slowed recently.  Beige Book - Informal review by the Federal Reserve Banks of current economic conditions in their Districts.   www.federalreserve.gov/fomc/beigebook/2010/20100728/default.htm 

July 28, 2010 - Regulatory Relief - Guidance to Help Financial Institutions and Facilitate Recovery in Areas of Oklahoma Affected by Severe Weather - The FDIC has announced a series of steps intended to provide regulatory relief to financial institutions and facilitate recovery in areas of Oklahoma affected by severe storms, tornadoes, straight-line winds and flooding. www.fdic.gov/news/news/financial/2010/fil10042.html

July 28, 2010 - Federal Agencies Issue Final Rules to Implement S.A.F.E. Act Requirements for Registration of Mortgage Loan Originators - Federal agencies issued final rules today requiring residential mortgage loan originators who are employees of national and state banks, savings associations, Farm Credit System institutions, credit unions, and certain of their subsidiaries to meet the registration requirements of the Secure and Fair Enforcement for Mortgage Licensing Act of 2008. The final rules are being issued by the Office of the Comptroller of the Currency, Board of Governors of the Federal Reserve System, Federal Deposit Insurance Corporation, Office of Thrift Supervision, Farm Credit Administration, and National Credit Union Administration.
Press Release: www.federalreserve.gov/newsevents/press/bcreg/20100728a.htm 
Press Release: www.federalreserve.gov/bankinforeg/safeact.htm 
PressRelease: www.fdic.gov/news/news/press/2010/pr10170.html
Press Release: www.ffiec.gov/safeact.htm
Press Release: www.occ.treas.gov/ftp/release/2010-86.htm 
Press Release: www.ncua.gov/news/press_releases/2010/JR10-0728SAFEActConsolidatedProgram.pdf 
Press Release: www.ots.treas.gov/?p=PressReleases&ContentRecord_id=1590190f-c7cf-3e5b-b603-c965cc3fa401&ContentType_id=4c12f337-b5b6-4c87-b45c-838958422bf3 

July 28, 2010 - The Federal Reserve Board on Wednesday announced the execution of a Written Agreement by and among BOV Holding Company, Versailles, Missouri, a registered bank holding company, Bank of Versailles, Versailles, Missouri, a state-chartered member bank, and the Federal Reserve Bank of Kansas City. www.federalreserve.gov/newsevents/press/enforcement/20100728c.htm

July 28, 2010 - The Federal Reserve Board on Wednesday announced the execution of a Written Agreement by and among Farmers State Bank, Faith, South Dakota, a state member bank, the Federal Reserve Bank of Minneapolis, and the State of South Dakota Department of Revenue and Regulation, Division of Banking. www.federalreserve.gov/newsevents/press/enforcement/20100728b.htm 

July 28, 2010 - The Federal Reserve Board on Wednesday announced the execution of a Written Agreement by and between Metro North Bancshares, Inc., Elk River, Minnesota, a registered bank holding company, and the Federal Reserve Bank of Minneapolis. www.federalreserve.gov/newsevents/press/enforcement/20100728a.htm 

July 27, 2010 - NCUA - Worth Joins NCUA as Chief Economist - The National Credit Union Administration has selected John D. Worth as Director, Office of the Chief Economist effective July 26, 2010. www.ncua.gov/news/press_releases/2010/MA10-0727WorthJoinsNCUA.pdf 

July 26, 2010 - Illinois Faces Tough Decisions to Reduce Budget Deficit - Chicago Fed Letter examines how Illinois can plot a course to fiscal stability, drawing on experience from other states. www.chicagofed.org/digital_assets/publications/chicago_fed_letter/2010/cflaugust2010_277c.pdf

July 26, 2010 - Hearing on CRA Regulations - The Chicago Fed will be the site of a public hearing August 12 on modernizing regulations that implement the Community Reinvestment Act. www.ffiec.gov/cra/hearings.htm 

July 26, 2010 - NCUA - Corporate Stabilization Fund Receives Unqualified Audit Opinion for 2009 - The National Credit Union Administration today released the 2009 financial report for the Temporary Corporate Credit Union Stabilization Fund. The TCCUSF received an unqualified or "clean" audit opinion with no deficiencies noted. www.ncua.gov/news/press_releases/2010/MA10-0726MatzCorpStabilizationFundReceivesUnqualifiedOpinon.pdf

July 26, 2010 - Regulatory Relief - Guidance to Help Financial Institutions and Facilitate Recovery in Areas of Kentucky Affected by Severe Weather - The FDIC has announced a series of steps intended to provide regulatory relief to financial institutions and facilitate recovery in areas of Kentucky affected by severe storms, flooding and mudslides. www.fdic.gov/news/news/financial/2010/fil10041.html

July 26, 2010 - Town hall event with Chairman Bernanke - View video excerpts from the town hall event with Chairman Bernanke at the Federal Reserve Bank of Kansas City on July 26, 2009.  www.pbs.org/newshour/video/share.html?s=news01pa98

July 26, 2010 - The Federal Reserve Board on Monday announced that it is seeking nominations for appointments to its Consumer Advisory Council. www.federalreserve.gov/newsevents/press/other/20100726a.htm 

July 26, 2010 - The Federal Reserve Board on Monday announced the execution of a Written Agreement by and between NOVA Financial Holdings, Inc., Berwyn, Pennsylvania, a registered bank holding company, and the Federal Reserve Bank of Philadelphia. www.federalreserve.gov/newsevents/press/enforcement/20100726a.htm 

July 23, 2010 - OCC Appoints Receiver for Williamsburg First National Bank - The Office of the Comptroller of the Currency today appointed the Federal Deposit Insurance Corporation as receiver for Williamsburg First National Bank, Kingstree, South Carolina. As of March 31, 2010, the bank had approximately $139.3 million of total assets. http://www.occ.treas.gov/ftp/release/2010-85.htm 

July 23, 2010 - South Valley Bank & Trust, Klamath Falls, Oregon, Assumes All of the Deposits of Home Valley Bank, Cave Junction, Oregon - Home Valley Bank, Cave Junction, Oregon, was closed today by the Oregon Department of Consumer and Business Services, which appointed the Federal Deposit Insurance Corporation as receiver. To protect the depositors, the FDIC entered into a purchase and assumption agreement with South Valley Bank & Trust, Klamath Falls, Oregon, to assume all of the deposits of Home Valley Bank. www.fdic.gov/news/news/press/2010/pr10169.html

July 23, 2010 - Plaza Bank, Irvine, California, Assumes All of the Deposits of SouthwestUSA Bank, Las Vegas, Nevada - SouthwestUSA Bank, Las Vegas, Nevada, was closed today by the Nevada Financial Institutions Division, which appointed the Federal Deposit Insurance Corporation as receiver. To protect the depositors, the FDIC entered into a purchase and assumption agreement with Plaza Bank, Irvine, California, to assume all of the deposits of SouthwestUSA Bank. www.fdic.gov/news/news/press/2010/pr10168.html

July 23, 2010 - Roundbank, Waseca, Minnesota, Assumes All of the Deposits of Community Security Bank, New Prague, Minnesota - Community Security Bank, New Prague, 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 Roundbank, Waseca, Minnesota, to assume all of the deposits of Community Security Bank. www.fdic.gov/news/news/press/2010/pr10167.html 

July 23, 2010 - The Bennington State Bank, Salina, Kansas, Assumes All of the Deposits of Thunder Bank, Sylvan Grove, Kansas - Thunder Bank, Sylvan Grove, Kansas, was closed today by the Kansas Office of the State Bank Commissioner, which appointed the Federal Deposit Insurance Corporation as receiver. To protect the depositors, the FDIC entered into a purchase and assumption agreement with The Bennington State Bank, Salina, Kansas, to assume all of the deposits of Thunder Bank. www.fdic.gov/news/news/press/2010/pr10166.html 

July 23, 2010 - First Citizens Bank and Trust Company, Inc., Columbia, South Carolina, Assumes All of the Deposits of Williamsburg First National Bank, Kingstree, South Carolina - Williamsburg First National Bank, Kingstree, South Carolina, was closed today by the Office of the Comptroller of the Currency, which appointed the Federal Deposit Insurance Corporation as receiver. To protect the depositors, the FDIC entered into a purchase and assumption agreement with First Citizens Bank and Trust Company, Inc., Columbia, South Carolina, to assume all of the deposits of Williamsburg First National Bank. www.fdic.gov/news/news/press/2010/pr10165.html 

July 23, 2010 - Renasant Bank, Tupelo, Mississippi, Assumes All of the Deposits of Crescent Bank and Trust Company, Jasper, Georgia - Crescent Bank and Trust Company, Jasper, Georgia, was closed today by the Georgia Department of Banking & Finance, which appointed the Federal Deposit Insurance Corporation as receiver. To protect the depositors, the FDIC entered into a purchase and assumption agreement with Renasant Bank, Tupelo, Mississippi, to assume all of the deposits of Crescent Bank and Trust Company. www.fdic.gov/news/news/press/2010/pr10164.html 

July 23, 2010 - IBERIABANK, Lafayette, Louisiana, Assumes All of the Deposits of Sterling Bank, Lantana, Florida - Sterling Bank, Lantana, Florida, was closed today by the Florida Office of Financial Regulation, which appointed the Federal Deposit Insurance Corporation as receiver. To protect the depositors, the FDIC entered into a purchase and assumption agreement with IBERIABANK, Lafayette, Louisiana, to assume all of the deposits of Sterling Bank. www.fdic.gov/news/news/press/2010/pr10163.html

July 23, 2010 - Monthly Report on Credit and Liquidity Programs and the Balance Sheet - The Federal Reserve prepares this monthly report as part of its efforts to enhance transparency about the range of programs and tools that have been implemented in response to the financial crisis and to ensure appropriate accountability to the Congress and the public.  www.federalreserve.gov/monetarypolicy/clbsreports.htm 

July 23, 2010 - Statistical Release - G.20 Finance Companies. www.federalreserve.gov/releases/g20/current/default.htm 

July 23, 2010 - Douglas W. Shorenstein Designated Chairman of the Federal Reserve Bank of San Francisco Board of Directors; Patricia E. Yarrington Designated Deputy Chair for 2011. www.frbsf.org/news/releases/2010/0723.html 

July 23, 2010 - OCC Announces New Electronic Interpretations and Actions - July 2010.  www.occ.treas.gov/interp/jul10/intjul10.htm 

July 22, 2010 - Bank Secrecy Act/Anti-money Laundering: Regulations Imposing Restrictions on Mexican Banks for Transactions in U.S. Currency - Recent FinCEN advisory states that new Mexican AML Regulations could impact operations at U.S. financial institutions by restricting U.S. cash Mexican banks can receive. www.occ.treas.gov/ftp/bulletin/2010-28.html
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July 22, 2010 - Illinois Faces Tough Decisions to Reduce Budget Deficit - Chicago Fed Letter examines how Illinois can plot a course to fiscal stability, drawing on experience from other states. www.chicagofed.org/digital_assets/publications/chicago_fed_letter/2010/cflaugust2010_277c.pdf

July 22, 2010 - Financial Reg Reform Timeline Tracks Key Moments in the Legislative Process - President Obama's signing of the Dodd-Frank Act on Wednesday marks a key milestone in the historic legislative process to reform the nation's financial system in the wake of the financial crisis that hit the global economy in 2007. www.stlouisfed.org/newsroom/displayNews.cfm?article=720 

July 22, 2010 - Standard Deposit Insurance Coverage Amount of $250,000 Made Permanent - Official FDIC Sign Updated and Available - The Dodd-Frank Wall Street Reform and Consumer Protection Act signed by President Barack Obama on July 21, 2010, made permanent the current standard maximum deposit insurance amount of $250,000. The FDIC coverage limit applies per depositor, per insured depository institution, for each account ownership category. www.fdic.gov/news/news/financial/2010/fil10040.html

July 22, 2010 - Updated Examination Procedures for Regulation DD - The Task Force on Consumer Compliance of the Federal Financial Institutions Examination Council recently approved the attached updated examination procedures for Regulation DD. The updated procedures incorporate technical clarifications to Regulation DD, which were effective July 6, 2010.  www.federalreserve.gov/boarddocs/caletters/2010/1009/caltr1009.htm

July 22, 2010 - The Federal Reserve Board on Thursday announced its approval of the application under section 3 of the Bank Holding Company Act by The Toronto-Dominion Bank, Toronto, and its subsidiary bank holding companies, TD US P & C Holdings ULC, Calgary, both of Canada, and TD Bank US Holding Company, Portland, Maine, to acquire The South Financial Group, Inc. and its subsidiary bank, Carolina First Bank, both of Greenville, South Carolina. www.federalreserve.gov/newsevents/press/orders/20100722a.htm

July 22, 2010 - The Federal Reserve Board on Thursday announced the issuance of a Prompt Corrective Action Directive against Pacific State Bank, Stockton, California, a state-chartered member bank. www.federalreserve.gov/newsevents/press/enforcement/20100722b.htm

July 22, 2010 - The Federal Reserve Board on Thursday announced the issuance of a Consent Order of Assessment of a Civil Money Penalty against Cecil Bank, Elkton, Maryland, a state member bank. Cecil 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/newsevents/press/enforcement/20100722a.htm

July 21, 2010 - Comptroller Dugan Discusses Lessons from Financial Crisis - In the last formal speech of his five-year term as Comptroller of the Currency, John C. Dugan said the financial crisis had exposed glaring gaps and differences in the regulation of different types of financial institutions and made clear the need for an updated capital framework. www.occ.treas.gov/ftp/release/2010-84.htm

July 21, 2010 - Retroactive Deposit Insurance Increase to Cover Depositors at Banks That Failed in 2008 - The Dodd-Frank Wall Street Reform and Consumer Protection Act signed into law by President Barack Obama today permanently raised the maximum deposit insurance amount to $250,000. In addition, the Act made this increase retroactive to January 1, 2008. www.fdic.gov/news/news/press/2010/pr10162.html 

July 21, 2010 - Basic FDIC Insurance Coverage Permanently Increased to $250,000 Per Depositor - On July 21, 2010, President Barack Obama signed the Dodd-Frank Wall Street Reform and Consumer Protection Act, which, in part, permanently raises the current standard maximum deposit insurance amount to $250,000.  www.fdic.gov/news/news/press/2010/pr10161.html

July 21, 2010 - Interest on Required Balances and Excess Balances - The Federal Reserve Banks pay interest on required reserve balances--balances held at Reserve Banks to satisfy reserve requirements--and on excess balances--balances held in excess of required reserve balances and contractual clearing balances. www.federalreserve.gov/monetarypolicy/reqresbalances.htm 

July 21, 2010 - Reports to Congress - Monetary Policy Report to the Congress.  www.federalreserve.gov/monetarypolicy/mpr_default.htm 

July 21, 2010 - Chairman Ben S. Bernanke - Semiannual Monetary Policy Report to the Congress - Before the Committee on Banking, Housing, and Urban Affairs, U.S. Senate, Washington, D.C. www.federalreserve.gov/newsevents/testimony/bernanke20100721a.htm 

July 20, 2010 - OCC Releases CRA Evaluations For 28 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, 2010 through July 14, 2010. The list contains only national banks and insured federal branches of foreign banks that have received ratings.  www.occ.treas.gov/ftp/release/2010-83.htm 

July 20, 2010 - July Issue of St. Louis Fed's Regional Economist Now Available The July 2010 issue of The Regional Economist, the Federal Reserve Bank of St. Louis' quarterly review of business and economic conditions, is now available. www.stlouisfed.org/newsroom/displayNews.cfm?article=718

July 20, 2010 - St. Louis Fed To Host Dialogue on Closing the Achievement Gap and Developing Community Leadership - The ongoing educational achievement gap in the United States is estimated by McKinsey and Co. to have the same economic impact as a permanent national recession. www.stlouisfed.org/newsroom/displayNews.cfm?article=719 

July 20, 2010 - Regulatory Relief - Guidance to Help Financial Institutions and Facilitate Recovery in Areas of Nebraska Affected by Severe Weather The FDIC has announced a series of steps intended to provide regulatory relief to financial institutions and facilitate recovery in areas of Nebraska affected by severe storms, flooding and tornadoes. www.fdic.gov/news/news/financial/2010/fil10039.html

July 20, 2010 - Governor Daniel K. Tarullo - International cooperation and financial regulatory modernization - Before the Subcommittee on Security and International Trade and Finance, Committee on Banking, Housing, and Urban Affairs, U.S. Senate, Washington, D.C. www.federalreserve.gov/newsevents/testimony/tarullo20100720a.htm 

July 20, 2010 - The Federal Reserve Board on Tuesday released the minutes of its discount rate meetings from May 24 through June 21, 2010. www.federalreserve.gov/newsevents/press/monetary/20100720b.htm 

July 20, 2010 - The Federal Reserve Board on Tuesday announced that it had agreed with the Treasury Department that it was appropriate for Treasury to reduce from $20 billion to $4.3 billion the credit protection provided for the Term Asset-Backed Securities Loan Facility under the Troubled Asset Relief Program.  www.federalreserve.gov/newsevents/press/monetary/20100720a.htm 

July 20, 2010 - The Federal Reserve Board on Tuesday announced the execution of a Written Agreement by and among Bank VI, Salina, Kansas, a state-chartered member bank, the Federal Reserve Bank of Kansas City, and the Kansas Office of the State Bank Commissioner. www.federalreserve.gov/newsevents/press/enforcement/20100720a.htm 

July 19, 2010 - NCUA - NCUA Issues Prohibition Orders - The National Credit Union Administration Board has issued orders prohibiting the following individuals from participating in the affairs of any federally insured financial institution. www.ncua.gov/news/press_releases/2010/MR10-0719NCUAIssuesProhibitionOrders.pdf 

July 19, 2010 - FDIC Selects Consortium of Residential Credit Solutions, Inc., Carval Investors and RBS Financial Products, Inc. as Winning Bidder of $898 Million in Single Family Non-Performing Residential Loan Assets: Amtrust 2010 - The Federal Deposit Insurance Corporation has closed on a sale of 40 percent equity interest in a limited liability company created to hold approximately $898 million of primarily non-performing residential loan assets out of AmTrust Bank.  www.fdic.gov/news/news/press/2010/pr10160.html

July 19, 2010 - Louise L. Roseman, Director, Division of Reserve Bank Operations and Payment Systems - The state of U.S. coins and currency Before the Subcommittee on Domestic Monetary Policy and Technology, Committee on Financial Services, U.S. House of Representatives, Washington, D.C. www.federalreserve.gov/newsevents/testimony/roseman20100720a.htm

July 19, 2010 - The Federal Reserve Board on Monday announced the designation of the chairs and deputy chairs of the twelve Federal Reserve Banks for 2011. www.federalreserve.gov/newsevents/press/other/20100719a.htm 

July 16, 2010 - OCC Approves Use of Second Shelf Charter to Acquire Three Failed Banks - The Office of the Comptroller of the Currency announced today it has approved the second use of a shelf charter for the acquisition of a failed bank, allowing NAFH National Bank, Miami, Florida, to acquire two banks in Florida and one in South Carolina. All three banks were placed in receivership today. www.occ.treas.gov/ftp/release/2010-82.htm

July 16, 2010 - OCC Appoints Receiver for First National Bank of the South - The Office of the Comptroller of the Currency today appointed the Federal Deposit Insurance Corporation as receiver for First National Bank of the South, Spartanburg, South Carolina. As of March 31, 2010, the bank had approximately $682 million of total assets. www.occ.treas.gov/ftp/release/2010-81.htm 

July 16, 2010 - Imperfect Credibility and the Zero Lower Bound on the Nominal Interest Rate - Martin Bodenstein, James Hebden, and Ricardo Nunes - When the nominal interest rate reaches its zero lower bound, credibility is crucial for conducting forward guidance.   www.federalreserve.gov/pubs/ifdp/2010/1001/ifdp1001.htm 

July 16, 2010 - Interpreting Investment-Specific Technology Shocks - Luca Guerrieri, Dale Henderson, and Jinill Kim - Investment-specific technology shocks are often interpreted as multi-factor productivity shocks in a separate investment-producing sector. However, this interpretation is strictly valid only when some stringent conditions are satisfied. Some of these conditions are at odds with the data.   www.federalreserve.gov/pubs/ifdp/2010/1000/ifdp1000.htm 

July 16, 2010 - Monetary Policy and the Cyclicality of Risk - Christopher Gust and David López-Salido - We use a DSGE model that generates endogenous movements in risk premia to examine the positive and normative implications of alternative monetary policy rules.  www.federalreserve.gov/pubs/ifdp/2010/999/ifdp999.htm 

July 16, 2010 - Commercial Bank, Alma, Michigan, Assumes All of the Deposits of Mainstreet Savings Bank, FSB - Mainstreet Savings Bank, FSB, Hastings, Michigan, was closed today by the Office of Thrift Supervision, which appointed the Federal Deposit Insurance Corporation as receiver. To protect the depositors, the FDIC entered into a purchase and assumption agreement with Commercial Bank, Alma, Michigan, to assume all of the deposits of Mainstreet Savings Bank, FSB. www.fdic.gov/news/news/press/2010/pr10159.html 

July 16, 2010 - CenterState Bank of Florida, National Association, Winter Haven, Florida, Assumes All of the Deposits of Olde Cypress Community Bank, Clewiston, Florida - Olde Cypress Community Bank, Clewiston, Florida, was closed today by the Office of Thrift Supervision, which appointed the Federal Deposit Insurance Corporation as receiver. To protect the depositors, the FDIC entered into a purchase and assumption agreement with CenterState Bank of Florida, National Association, Winter Haven, Florida, to assume all of the deposits of Olde Cypress Community Bank. www.fdic.gov/news/news/press/2010/pr10158.html 

July 16, 2010 - NAFH National Bank, Miami, Florida, Acquires All the Deposits of Two Institutions in Florida and One Institution in South Carolina - Metro Bank of Dade County, Miami, Turnberry Bank, Aventura, Florida, and First National Bank of the South, Spartanburg, South Carolina - Metro Bank of Dade County, Miami, Florida; Turnberry Bank, Aventura, Florida; and First National Bank of the South, Spartanburg, South Carolina, were closed today by federal and state banking agencies, which then appointed the Federal Deposit Insurance Corporation as receiver for all three institutions. To protect depositors, the FDIC entered into purchase and assumption agreements with NAFH National Bank, Miami, Florida, a newly-chartered bank subsidiary of North American Financial Holdings, Inc., Charlotte, North Carolina, to assume all the deposits and essentially all the assets of the three failed institutions. www.fdic.gov/news/news/press/2010/pr10157.html

July 16, 2010 - Bank of the Ozarks, Little Rock, Arkansas, Assumes All of the Deposits of Woodlands Bank, Bluffton, South Carolina - Woodlands Bank, Bluffton, South Carolina, was closed today by the Office of Thrift Supervision, which appointed the Federal Deposit Insurance Corporation as receiver. To protect the depositors, the FDIC entered into a purchase and assumption agreement with Bank of the Ozarks, Little Rock, Arkansas, to assume all of the deposits of Woodlands Bank. www.fdic.gov/news/news/press/2010/pr10156.html 

July 16, 2010 - OTS Closes Thrifts in Florida and Michigan and Appoints FDIC Receiver - The Office of Thrift Supervision today closed two thrifts in Florida and one in Michigan, and appointed the Federal Deposit Insurance Corporation as receiver. www.ots.treas.gov/?p=PressReleases&ContentRecord_id=dd44e50c-a1f0-8aba-f34f-2587cd13e38f&ContentType_id=4c12f337-b5b6-4c87-b45c-838958422bf3

July 16, 2010 - OTS Closes Woodlands Bank and Appoints FDIC Receiver - The Office of Thrift Supervision today closed Woodlands Bank of Bluffton, S.C., and appointed the Federal Deposit Insurance Corporation as receiver. www.ots.treas.gov/?p=PressReleases&ContentRecord_id=dd14d287-fc78-db07-e975-5d3e226b8108&ContentType_id=4c12f337-b5b6-4c87-b45c-838958422bf3

July 16, 2010 - OCC Enforcement Actions - The Office of the Comptroller of the Currency today released new enforcement actions taken against national banks and individuals currently and formerly affiliated with national banks. www.occ.treas.gov/ftp/release/2010-80.htm 

July 16, 2010 - What Is the Effect of Financial Stress on Economic Activity? www.kc.frb.org/pubaffrs/pressrel/2010pdf/press.release.10.17.pdf 

July 16, 2010 - The Efficacy of Large-Scale Asset Purchases at the Zero Lower Bound.   www.kc.frb.org/pubaffrs/pressrel/2010pdf/press.release.10.16.pdf

July 16, 2010 - Taylor Rule Deviations and Financial Imbalances.  www.kc.frb.org/pubaffrs/pressrel/2010pdf/press.release.10.15.pdf 

July 16, 2010 - The Changing Nature of U.S. Card Payment Fraud: Industry and Public Policy Options.   www.kc.frb.org/pubaffrs/pressrel/2010pdf/press.release.10.14.pdf 

July 16, 2010 - Credit and Liquidity Programs and the Balance Sheet - Recent balance sheet trends, weekly chart data update.   www.federalreserve.gov/monetarypolicy/bst_recenttrends.htm  
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July 15, 2010 - Community Reinvestment Act: Proposed Rulemaking and Hearings - Proposal would allow consideration for community development activities consistent with Neighborhood Stabilization Program. Notice announces public hearings in July and August to seek public's views on revising CRA regulations. www.occ.treas.gov/ftp/bulletin/2010-27.html 

July 15, 2010 - OCC Names Carolyn DuChene Deputy Comptroller for Operational Risk Policy - The Office of the Comptroller of the Currency announced today that Carolyn DuChene has been appointed Deputy Comptroller for Operational Risk Policy. www.occ.treas.gov/ftp/release/2010-79.htm 

July 15, 2010 - Statement of Janet L. Yellen - President and CEO of the Federal Reserve Bank of San Francisco - Before the Committee on Banking, Housing and Urban Affairs United States Senate.  www.frbsf.org/news/releases/2010/0715.html 

July 15, 2010 - Statement by FDIC Chairman Bair on Senate Passage of Regulatory Reform Bill - FDIC Chairman Sheila C. Bair said, "Today represents a significant milestone in the history of financial regulation in the United States. With the passage of the Dodd-Frank Wall Street Reform and Consumer Protection Act, a meaningful framework is now in place that addresses many of the weaknesses in our financial system that led to the financial crisis. www.fdic.gov/news/news/press/2010/statement_chairman_bair07152010.html 

July 15, 2010 - Statistical Release - G.17 Industrial Production - Industrial production edged up 0.1 percent in June after having risen 1.3 percent in May. The rate of change for March was revised up, and the rate of change for April was revised down; these revisions resulted primarily from the incorporation of new information on the output of utilities. www.federalreserve.gov/releases/g17/Current/default.htm

July 15, 2010 - Governor Elizabeth A. Duke - Opening Remarks - At the Public Hearing on Potential Revisions to the Home Mortgage Disclosure Act, Atlanta, Georgia.  www.federalreserve.gov/newsevents/speech/duke20100715a.htm

July 15, 2010 - Statement by Chairman Ben S. Bernanke: -The financial reform legislation approved by the Congress today represents a welcome and far-reaching step toward preventing a replay of the recent financial crisis. www.federalreserve.gov/newsevents/press/other/20100715a.htm 

July 14, 2010 - A Bleak 30 Years for Black Men: Economic Progress Was Slim in Urban America - In many ways, black men were still worse off than white men in 2000, more than three decades after passage of the Civil Rights Act. A decline in manufacturing and relatively low levels of education were contributing factors. www.stlouisfed.org/publications/re/articles/?id=1986

July 14, 2010 - FDIC Selects Colony Capital as Winning Bidder for Equity Interest in $1.85 Billion in Commercial Real Estate Loans - The Cogsville Group Participates as Junior Equity Partner - The Federal Deposit Insurance Corporation has closed on a sale of 40 percent equity interest in a limited liability company created to hold assets with an unpaid principal balance of approximately $1.85 billion from 22 failed bank receiverships.  www.fdic.gov/news/news/press/2010/pr10154.html 

July 14, 2010 - Regulators Issue Statement to Assist Financial Institutions and Customers Affected by the Deepwater Horizon Oil Spill - The federal financial regulatory agencies and the Conference of State Bank Supervisors issued a statement today to assist financial institutions and their customers affected by the Deepwater Horizon Mobile Offshore Drilling Unit explosion and oil spill in the Gulf of Mexico.  
Press Release: www.federalreserve.gov/newsevents/press/bcreg/20100714a.htm 
Press Release: www.fdic.gov/news/news/press/2010/pr10155.html
Press Release: www.occ.treas.gov/ftp/release/2010-78.htm
Press Release: www.ots.treas.gov/?p=PressReleases&ContentRecord_id=cde466ee-019d-ee9c-b1a5-b3a3cd50031b&ContentType_id=4c12f337-b5b6-4c87-b45c-838958422bf3 
Press Release: www.ncua.gov/news/press_releases/2010/JR10-0714DeepwaterHorizonOilSpill.pdf 

July 14, 2010 - The Federal Reserve Board and the Federal Open Market Committee on Wednesday released the attached minutes of the Committee meeting held on June 22-23, 2010 and of the conference call held on May 9, 2010. A summary of economic projections made by Federal Reserve Board members and Reserve Bank presidents for the June 22-23, 2010 meeting is also included as an addendum to these minutes. www.federalreserve.gov/newsevents/press/monetary/20100714a.htm

July 14, 2010 - The Federal Reserve Board on Wednesday announced the execution of a Written Agreement by and among Pilot Bancshares, Inc., Tampa, Florida, a registered bank holding company, Pilot Bank, Tampa, Florida, a state-chartered member bank, the Federal Reserve Bank of Atlanta, and the State of Florida Office of Financial Regulation. www.federalreserve.gov/newsevents/press/enforcement/20100714b.htm

July 14, 2010 - The Federal Reserve Board on Wednesday announced the execution of a Written Agreement by and among Bank of Whitman Employee Stock Ownership Plan, Colfax, Washington, a registered bank holding company, Whitman Bancorporation, Inc., Colfax, Washington, a registered bank holding company, Bank of Whitman, Colfax, Washington, a state-chartered member bank, and the Federal Reserve Bank of San Francisco. www.federalreserve.gov/newsevents/press/enforcement/20100714a.htm 

July 13, 2010 - Senior Credit Officer Opinion Survey on Dealer Financing Terms - The Senior Credit Officer Opinion Survey on Dealer Financing Terms is a quarterly survey providing information about the availability and terms of credit in securities financing and over-the counter derivatives markets.    www.federalreserve.gov/econresdata/releases/scoos.htm 

July 13, 2010 - Federal Reserve announces results of auction of $2 billion in 84-day term deposits held on July 12, 2010.   www.federalreserve.gov/newsevents/press/monetary/2010monetary.htm 

July 13, 2010 - The Federal Reserve Board on Tuesday announced the execution of a Written Agreement by and between Bannister Bancshares, Inc., Kansas City, Missouri, a registered bank holding company, and the Federal Reserve Bank of Kansas City. www.federalreserve.gov/newsevents/press/enforcement/20100713c.htm 

July 13, 2010 - The Federal Reserve Board on Tuesday announced the execution of a Written Agreement by and between First Olathe Bancshares, Inc., Overland Park, Kansas, a registered bank holding company, and the Federal Reserve Bank of Kansas City. www.federalreserve.gov/newsevents/press/enforcement/20100713b.htm 

July 13, 2010 - The Federal Reserve Board on Tuesday announced the execution of a Written Agreement by and between Premier Bank Holding Company, Tallahassee, Florida, a registered bank holding company, and the Federal Reserve Bank of Atlanta. www.federalreserve.gov/newsevents/press/enforcement/20100713a.htm 

July 12, 2010 - Governor Elizabeth A. Duke - Small Business Credit: Next Steps - At the Federal Reserve Meeting Series: "Addressing the Financing Needs of Small Businesses," Washington, D.C. www.federalreserve.gov/newsevents/speech/duke20100712a.htm 

July 12, 2010 - Comptroller Dugan Supports Interagency MOU - Comptroller of the Currency John C. Dugan discussed an interagency Memorandum of Understanding at a meeting of the Federal Deposit Insurance Corporation Board of Directors today. www.occ.treas.gov/ftp/release/2010-77.htm 

July 12, 2010 - Board Votes to Revise MOU on Backup Supervision Authority - The Board of Directors of the Federal Deposit Insurance Corporation today voted to revise its Memorandum of Understanding with the primary federal banking regulators to enhance the FDIC's existing backup authorities over insured depository institutions that the FDIC does not directly supervise. www.fdic.gov/news/news/press/2010/pr10153.html

July 12, 2010 - Chairman Ben S. Bernanke - Restoring the Flow of Credit to Small Businesses - At the Federal Reserve Meeting Series: "Addressing the Financing Needs of Small Businesses," Washington, D.C. www.federalreserve.gov/newsevents/speech/bernanke20100712a.htm

July 12, 2010 - The results of the inaugural Senior Credit Officer Opinion Survey on Dealer Financing Terms, a quarterly survey providing information about the availability and terms of credit in securities financing and over-the counter derivatives markets, will be released at 2 p.m. EDT July 13, the Federal Reserve Board said Monday. www.federalreserve.gov/newsevents/press/other/20100712a.htm 

July 12, 2010 - The Federal Reserve Board on Monday announced the execution of a Written Agreement by and between A. E. Bancorp, Inc., Buffalo Grove, Illinois, a registered bank holding company, and the Federal Reserve Bank of Chicago. www.federalreserve.gov/newsevents/press/enforcement/20100712b.htm 

July 12, 2010 - The Federal Reserve Board on Monday announced the issuance of a Prompt Corrective Action Directive with the consent of Home Valley Bank, Grants Pass, Oregon, a state-chartered member bank. www.federalreserve.gov/newsevents/press/enforcement/20100712a.htm

July 9, 2010 - RCB Bank, Claremore, Oklahoma, Assumes All of the Deposits of Home National Bank, Blackwell, Oklahoma Enterprise Bank & Trust, Clayton, Missouri, Purchases a Portion of Failed Bank's Assets - Home National Bank, Blackwell, Oklahoma, was closed today by the Office of the Comptroller of the Currency, which appointed the Federal Deposit Insurance Corporation as receiver. To protect the depositors, the FDIC entered into a purchase and assumption agreement with RCB Bank, Claremore, Oklahoma, to assume all of the deposits of Home National Bank. www.fdic.gov/news/news/press/2010/pr10152.html

July 9, 2010 - New Century Bank, Phoenixville, Pennsylvania, Assumes All of the Deposits of USA Bank, Port Chester, New York - USA Bank, Port Chester, New York, was closed today by the New York State Banking Department, which appointed the Federal Deposit Insurance Corporation as receiver. To protect the depositors, the FDIC entered into a purchase and assumption agreement with New Century Bank (doing business as Customer's 1st Bank), Phoenixville, Pennsylvania, to assume all of the deposits of USA Bank. www.fdic.gov/news/news/press/2010/pr10151.html 

July 9, 2010 - OTS Closes Ideal Federal Savings Bank and Appoints FDIC Receiver - The Office of Thrift Supervision today closed Ideal Federal Savings Bank of Baltimore, Maryland, and appointed the Federal Deposit Insurance Corporation as receiver. www.ots.treas.gov/?p=PressReleases&ContentRecord_id=b9077afd-d1d4-d216-fc9f-6e2484966ec4&ContentType_id=4c12f337-b5b6-4c87-b45c-838958422bf3 

July 9, 2010 - FDIC Approves the Payout of the Insured Deposits of Ideal Federal Savings Bank, Baltimore, Maryland - The Federal Deposit Insurance Corporation approved the payout of the insured deposits of Ideal Federal Savings Bank. The bank was closed today by the Office of Thrift Supervision, which appointed the FDIC as receiver.  www.fdic.gov/news/news/press/2010/pr10150.html 

July 9, 2010 - OCC Appoints Receiver for Bay National Bank - The Office of the Comptroller of the Currency today appointed the Federal Deposit Insurance Corporation as receiver for Bay National Bank, Lutherville, Maryland. As of March 31, 2010, the bank had approximately $282.2 million of total assets. www.occ.treas.gov/ftp/release/2010-75.htm 

July 9, 2010 - Bay Bank, FSB, Lutherville, Maryland, Assumes all of the Deposits of Bay National Bank, Baltimore, Maryland - Bay National Bank, Baltimore, Maryland, was closed today by the Office of the Comptroller of the Currency, which appointed the Federal Deposit Insurance Corporation as receiver. To protect the depositors, the FDIC entered into a purchase and assumption agreement with Bay Bank, FSB, Lutherville, Maryland, to assume all of the deposits of Bay National Bank. www.fdic.gov/news/news/press/2010/pr10149.html 

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

July 9, 2010 - The Federal Reserve Board on Friday announced the agenda and panelists for the first of four public hearings this year on potential revisions to Regulation C, which implements the Home Mortgage Disclosure Act. The event will be held July 15 at the Federal Reserve Bank of Atlanta. www.federalreserve.gov/newsevents/press/bcreg/20100709a.htm 

July 9, 2010 - The Federal Reserve Board on Friday announced the execution of a Written Agreement by and among Commonwealth Bankshares, Inc., Norfolk, Virginia, a registered bank holding company, and its subsidiary bank, Bank of the Commonwealth, Norfolk, Virginia, a state-chartered member bank, the Federal Reserve Bank of Richmond, and the Virginia State Corporation Commission, Bureau of Financial Institutions. www.federalreserve.gov/newsevents/press/enforcement/20100709a.htm 
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July 8, 2010 - Economic Growth Forecasts-Views from the Automotive Sector - Chicago Fed Letter reports symposium forecasts for the auto sector and the U.S. economy through 2011. www.chicagofed.org/digital_assets/publications/chicago_fed_letter/2010/cflaugust2010_277.pdf 

July 8, 2010 - Mortgage Principal Reduction Program: Misrepresentation of the Office of the Comptroller of the Currency - Web site entity, falsely indicating that it can eliminate portions of homeowners' mortgages, misrepresents that the OCC has "scrutinized and monitored the activities of..." its programs. www.occ.treas.gov/ftp/alert/2010-8.html 

July 8, 2010 - Comptroller Dugan to Leave Office on August 14 - With his five-year term drawing to a close, Comptroller of the Currency John C. Dugan notified President Obama today that he plans to leave office on August 14. "Through two Administrations and under three Secretaries of the Treasury, I have had the great honor of serving as the 29th Comptroller of the Currency," he said in his letter to the President. www.occ.treas.gov/ftp/release/2010-74.htm  (We wish Comptroller Dugan all the best in his new ventures.)

July 8, 2010 - Statistical Release - G.19 Consumer Credit - Consumer credit decreased at an annual rate of 4-1/2 percent in May 2010. Revolving credit decreased at an annual rate of 10-1/2 percent, and nonrevolving credit decreased at an annual rate of 1-1/2 percent.   www.federalreserve.gov/releases/g19/current/g19.htm 

July 8, 2010 - Reports to Congress - Presidential $1 Coin Program - Reports on the Federal Reserve and the United States Mint's collaborative efforts to develop the Presidential $1 Coin Program and improve the distribution and circulation of $1 coins.  www.federalreserve.gov/BoardDocs/RptCongress/dollarcoin/2010/dollarcoin2010.pdf

July 8, 2010 - On Monday, July 12, 2010, the Federal Reserve will offer $2 billion in 84-day term deposits through its Term Deposit Facility. Additional information regarding the auction is listed below; the auction will be conducted as specified in this announcement, Regulation D, and the terms and conditions of the Term Deposit Facility. www.federalreserve.gov/newsevents/press/monetary/20100708a.htm 

July 8, 2010 - The Federal Reserve Board on Thursday announced the execution of a Written Agreement by and among Dickinson Financial Corporation II, Kansas City, Missouri, Dickinson Financial Corporation, Kansas City, Missouri, registered bank holding companies, and the Federal Reserve Bank of Kansas City. www.federalreserve.gov/newsevents/press/enforcement/20100708b.htm 

July 8, 2010 - The Federal Reserve Board on Thursday announced the execution of a Written Agreement by and among Central Pacific Financial Corporation, Honolulu, Hawaii, a registered bank holding company, the Federal Reserve Bank of San Francisco, and the Hawaii Division of Financial Institutions. www.federalreserve.gov/newsevents/press/enforcement/20100708a.htm 

July 7, 2010 - Interest on Required Balances and Excess Balances - The Federal Reserve Banks pay interest on required reserve balances--balances held at Reserve Banks to satisfy reserve requirements--and on excess balances--balances held in excess of required reserve balances and contractual clearing balances. www.federalreserve.gov/monetarypolicy/reqresbalances.htm 

July 7, 2010 - Legal Interpretations -Bank Holding Company Change in Control, March 2, 2010.   www.federalreserve.gov/boarddocs/legalint/BHC_ChangeInControl/2010/ 

July 7, 2010 - Statistical Release - Structure and Share Data for U.S. Offices of Foreign Banks - Data are collected as of the end of the month for March, June, September and December, and generally are released three months later. www.federalreserve.gov/releases/iba/default.htm 

July 7, 2010 - The Federal Reserve Board on Wednesday announced the execution of a Written Agreement by and between BCB Holding Company, Inc., Mobile, Alabama, a registered bank holding company, and the Federal Reserve Bank of Atlanta. www.federalreserve.gov/newsevents/press/enforcement/20100707a.htm 

July 6, 2010 - FedFocus Little Rock: St. Louis Fed Economist Discusses "Housing's Great Fall: Putting Household Balance Sheets Together Again" - Arkansas has fared better than the U.S. as a whole when it comes to homeowner equity, according to St. Louis Fed economist and assistant vice president William Emmons. www.stlouisfed.org/newsroom/displayNews.cfm?article=711 

July 6, 2010 - Property Assessed Clean Energy Programs: Supervisory Guidance - Guidance alerts national banks about supervisory expectations regarding state and local lending programs for energy retrofitting of residential and commercial properties.  www.occ.treas.gov/ftp/bulletin/2010-25.html 

July 6, 2010 - Alert on FHFA Statement Relative to Concerns With Certain Energy Lending Programs - The Federal Housing Finance Agency has issued a statement relative to concerns with certain energy retrofit lending programs. Insured institutions should be aware of such programs, as these programs could affect their residential mortgage lending activities and the ability to sell loans to Fannie Mae and Freddie Mac. www.fdic.gov/news/news/financial/2010/fil10037.html 

July 6, 2010 - Regulatory Relief - Guidance to Help Financial Institutions and Facilitate Recovery in Areas of Minnesota Affected by Severe Weather - The FDIC has announced a series of steps intended to provide regulatory relief to financial institutions and facilitate recovery in areas of Minnesota affected by severe storms, tornadoes and flooding. www.fdic.gov/news/news/financial/2010/fil10038.html 

July 6, 2010 - Statistical Release - E.15 Agricultural Finance Databook.  www.federalreserve.gov/releases/e15/default_2010.htm 

July 6, 2010 - The Federal Reserve Board on Tuesday announced the execution of a Written Agreement by and between Star Bancorp, Inc., Scottsdale, Arizona, a registered bank holding company, and the Federal Reserve Bank of San Francisco. www.federalreserve.gov/newsevents/press/enforcement/20100706b.htm 

July 6, 2010 - The Federal Reserve Board on Tuesday announced the execution of a Written Agreement by and among Central Virginia Bancshares, Inc., Powhatan, Virginia, a registered bank holding company, its subsidiary bank, Central Virginia Bank, Powhatan, Virginia, a state-chartered member bank, the Federal Reserve Bank of Richmond, and the South Carolina State Corporation Commission, Bureau of Financial Institutions. www.federalreserve.gov/newsevents/press/enforcement/20100706a.htm 

July 2, 2010 - July Burgundy Book Paints a Generally Negative Picture for the Little Rock Regional Economy.   www.stlouisfed.org/newsroom/displayNews.cfm?article=707 

July 2, 2010 - July Burgundy Book Paints a Generally Positive Picture for the Louisville Regional Economy.   www.stlouisfed.org/newsroom/displayNews.cfm?article=708 

July 2, 2010 - July Burgundy Book Paints a Mixed Economic Picture for the St. Louis Regional Economy.  www.stlouisfed.org/newsroom/displayNews.cfm?article=710

July 2, 2010 - July Burgundy Book Shows a Somewhat Positive Economic Picture for the Memphis Regional Economy.   www.stlouisfed.org/newsroom/displayNews.cfm?article=709

July 2, 2010 - FDIC Issues List of Banks Examined for CRA Compliance - The Federal Deposit Insurance Corporation today issued its list of state nonmember banks recently evaluated for compliance with the Community Reinvestment Act. The list covers evaluation ratings that the FDIC assigned to institutions in April 2010. www.fdic.gov/news/news/press/2010/pr10148.html 

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

July 2, 2010 - Statistical Release - E.2 Survey of Terms of Business Lending.  www.federalreserve.gov/releases/e2/current/default.htm

July 2, 2010 - The Federal Reserve Board on Friday announced the execution of a Written Agreement by and among Cecil Bancorp, Inc., Elkton, Maryland, a registered bank holding company, its subsidiary bank, Cecil Bank, Elkton, Maryland, a state-chartered member bank, the Federal Reserve Bank of Richmond, and the State of Maryland Commissioner of Financial Regulation. 
www.federalreserve.gov/newsevents/press/enforcement/20100702a.htm 
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July 1 ,2010 - Consolidated Reports of Condition and Income for Second Quarter 2010 - The attached materials pertain to the Consolidated Reports of Condition and Income for the June 30, 2010, report date. Please plan to complete the preparation, editing, and review of your bank's Call Report data and the submission of these data to the agencies' Central Data Repository as early as possible.  www.fdic.gov/news/news/financial/2010/fil10036.html 

July 1, 2010 - FDIC Closes on the Sale of SFG Assets - The Federal Deposit Insurance Corporation closed on the sale of a 40 percent equity interest in a limited liability company created to hold approximately $421 million of assets from Silverton Bank, Atlanta, Georgia. The winning bidder, Square Mile Capital Management LLC, bid 81.03 percent of the unpaid principal balance. www.fdic.gov/news/news/press/2010/pr10147.html

July 1, 2010 - The Federal Reserve Board on Thursday announced its approval of the proposal by Premier Commerce Bancorp, Inc., Palos Hills, Illinois, to acquire G.R. Bancorp, Ltd. and its subsidiary bank, The First National Bank of Grand Ridge, both of Grand Ridge, Illinois. www.federalreserve.gov/newsevents/press/orders/20100701a.htm 

July 1, 2010 - The Federal Reserve Board on Thursday announced the execution of a Written Agreement by and among Greensburg Bancshares, Inc., Greensburg, Louisiana, a registered bank holding company, the Federal Reserve Bank of Atlanta, and the Louisiana Office of Financial Institutions. www.federalreserve.gov/newsevents/press/enforcement/20100701b.htm 

July 1, 2010 - The Federal Reserve Board on Thursday announced the execution of a Written Agreement by and between NBN Corporation, Newport, Tennessee, a registered bank holding company, and the Federal Reserve Bank of Atlanta. www.federalreserve.gov/newsevents/press/enforcement/20100701a.htm 

July 1, 2010 - NCUA - NCUA FILES NOTICE OF CLAIM FOR LOSSES AT U.S. CENTRAL FCU - The National Credit Union Administration , in its role as Conservator of US Central Federal Credit Union, yesterday filed a "notice of claim" with Travelers Casualty & Surety Co. to preserve NCUA's right to the full amount of coverage provided under US Central's Directors and Officers Liability policy. www.ncua.gov/news/press_releases/2010/MR10-0701NCUAFilesNoticeClaimLossesUSCentral.pdf 

July 1, 2010 - NCUA - First Delta Federal Credit Union Merges; Members Now Served by Shreveport Federal Credit Union.   www.ncua.gov/news/press_releases/2010/MR10-07-01FirstDeltaMerger.pdf 

July 1, 2010 - NCUA - Southwest Community Federal Credit Union Placed into Liquidation; Chartway Federal Credit Union Purchases and Assumes Assets.  www.ncua.gov/news/press_releases/2010/MR10-0701SouthwestCommunityFCULiquidationChartwayPurchases.pdf