Bank Regulatory News
November 2003
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November 28, 2003 - Risk-Related Premium System - Beginning with the
semiannual deposit insurance assessment period that starts on
January 1, 2004, the FDIC's internal process for evaluating insured
institutions' requests for review of their assessment risk
classifications will be uniform regardless of the nature of the
request for review. The FDIC has also clarified the information it
considers in assigning assessment risk classifications. www.fdic.gov/news/news/financial/2003/fil0390.html
November 26, 2003 - Notice of Comptroller of the Currency Fees for
Year 2004 - The purpose of
this issuance is to inform all national banks, federal branches and
agencies, and District of Columbia banks of fees charged by the
Office of the Comptroller of the Currency for year 2004.
Changes are effective January 1, 2004.
Press Release: www.occ.treas.gov/ftp/bulletin/2003-45.txt
November 26, 2003 - Changes
to the way Income and Expense are Annualized in the UBPR - Several
ratios in the UBPR support analysis of profits, income, expense and
loan losses. Examples include Net Income to Average Assets, Yield on
Loans, Cost of Interest Bearing Deposits and Net Losses on Real
Estate Loans. www.ffiec.gov/UBPR_changes_200311.htm
November 26, 2003 - Changes
to UBPR Peer Groups Effective with March 31, 2004 UBPR - The
FFIEC Task Force on Surveillance Systems will implement two changes
to the peer group structure used in the UBPR effective with the
March 31, 2004 version of the report. www.ffiec.gov/UBPR_memo_200311.htm
November 26, 2003 - Charge-Off
and Delinquency Rates on Loans at Commercial Banks - These
data are compiled from the quarterly FFIEC Consolidated Reports of
Condition and Income. www.federalreserve.gov/releases/chargeoff/default.htm
November 26, 2003 - The Federal Reserve Board on Wednesday announced
the approval of an application by Macquarie Bank Limited, Sydney,
Australia, to establish representative offices in New York, New
York, and Houston, Texas. www.federalreserve.gov/boarddocs/press/orders/2003/20031126/default.htm
November 26, 2003 - The Federal Reserve Board on Wednesday announced
the issuance of a consent Order of Assessment of a Civil Money
Penalty against The Bank of Currituck, Moyock, North Carolina, a
state member bank. The Bank of Currituck, without admitting to any
allegations, consented to the issuance of the Order in connection
with its alleged violations of the Board's Regulations implementing
the National Flood Insurance Act.
www.federalreserve.gov/boarddocs/press/Enforcement/2003/200311262/default.htm
November 26, 2003 - The Federal Reserve Board on Wednesday announced
the issuance of a consent Order of Assessment of a Civil Money
Penalty against the Provident Bank, Cincinnati, Ohio, a state member
bank. Provident Bank, without admitting to any allegations,
consented to the issuance of the Order in connection with its
alleged violations of the Board's Regulations implementing the
National Flood Insurance Act. www.federalreserve.gov/boarddocs/press/Enforcement/2003/20031126/default.htm
November 26, 2003 - NCUA - Loan growth expands as strong savings and
asset growth continues - Lending shows signs of rebounding as growth
reached 7.09 percent in the third quarter of 2003, demonstrating the
most significant expansion since 2001 according to preliminary call
report data submitted by the nation's 9,458 federally insured credit
unions. Meanwhile, assets grew 8.80 percent and savings grew 8.65
percent. www.ncua.gov/news/press_releases/2003/NR03-1126.htm
November 26, 2003 - Beige
Book - Informal review by the Federal Reserve Banks of current
economic conditions in their Districts www.federalreserve.gov/FOMC/BeigeBook/2003/20031126/Default.htm
November 26, 2003 - The Federal Reserve Board on Wednesday published
proposed rules to establish more uniform standards for providing
disclosures under five consumer protection regulations: B (Equal
Credit Opportunity); E (Electronic Fund Transfers); M (Consumer
Leasing); Z (Truth in Lending); and DD (Truth in Savings). www.federalreserve.gov/boarddocs/press/bcreg/2003/20031126/default.htm
November 26, 2003 - The Federal Reserve Board on Tuesday announced
its approval of the application by S&T Bancorp, Inc., Indiana,
Pennsylvania, to acquire up to 9.9 percent of the voting shares of
IBT Bancorp, Inc., and thereby indirectly acquire an interest in
Irwin Bank & Trust Company, both in Irwin, Pennsylvania. www.federalreserve.gov/boarddocs/press/orders/2003/20031125/default.htm
November 25, 2003 - The Federal Reserve Board on Tuesday announced
its approval of the application by S&T Bancorp, Inc., Indiana,
Pennsylvania, to acquire up to 9.9 percent of the voting shares of
CBT Financial Corp., and thereby indirectly acquire an interest in
Clearfield Bank & Trust Company, both in Clearfield,
Pennsylvania. www.federalreserve.gov/boarddocs/press/orders/2003/200311252/default.htm
November 25, 2003 - Effective
Market Discipline: The Roles of Auditors, Companies, and Analysts
- Remarks by Governor Susan
Schmidt Bies At the Conference on Market Discipline, Federal
Reserve Bank of Chicago, Chicago, Illinois October 31, 2003 www.federalreserve.gov/boarddocs/speeches/2003/20031031/default.htm
November 25, 2003 - Popular FOIA Requests - Popular FOIA documents
are those that have been the subject of previous requests and appear
to be of broad public interest. These documents are listed
throughout the Web site. www.occ.treas.gov/foia/foiadocs.htm
November 25, 2003 - OCC Issues Order Requiring Security Trust Co. to
Begin Orderly Dissolution; Order Follows Earlier Action to Ensure
Funds Available to Protect Bank's Clients - The Office of the
Comptroller of the Currency announced today that it has issued an
order requiring Security Trust Company, Phoenix, Ariz., to begin a
process that will result in the orderly dissolution of the bank by
March 31, 2004.
Press Release: www.occ.treas.gov/newsrelease.asp?Doc=UXWWDXBJ.xml
Attachment: www.occ.treas.gov/ftp/eas/ea2003-138.pdf
Attachment: www.occ.treas.gov/ftp/eas/ea2003-136.pdf
Attachment: www.occ.treas.gov/ftp/eas/ea2003-137.pdf
November 25, 2003 - Federal and State Agencies Announce Actions
Against Security Trust Company; Phoenix Bank will Undergo Orderly
Dissolution and Close by March 31, 2004 - The Office of the
Comptroller of the Currency, the Securities and Exchange Commission,
and the New York Attorney General today jointly announced a series
of actions against Phoenix, Arizona-based Security Trust Company,
N.A. and three former executives, arising from their participation
in mutual fund late trading and market timing schemes. www.occ.treas.gov/ftp/release/2003-94.htm
November 24, 2003 - Functional
Regulation and Financial Modernization - Governor Mark W. Olson At the annual meeting of the
National Conference of Insurance Legislators, Santa Fe, New Mexico www.federalreserve.gov/boarddocs/speeches/2003/20031122/default.htm
________________
November 21, 2003 - Research Shows Jobless
Recovery Consistent with Cyclical Forces, Not Labor Reallocation - The
low employment growth environment does not appear to be the result of
cross-industry movement of labor but rather a generally weak labor market
in the current economic recovery, according to research in the December
Chicago Fed Letter. www.chicagofed.org/newsandevents/pressreleases/2003/pr11212003.cfm
November 21, 2003 - NCUA Places Nor-Car Federal Credit Union into
Conservatorship - The National Credit Union Administration has placed
$41.6 million Nor-Car Federal Credit Union of Easton, Penn. into
conservatorship based upon the financial condition of the credit union.
www.ncua.gov/news/press_releases/2003/NR03-1121.htm
November 21, 2003 - The Federal Reserve Board announced Friday that it
will release the November Beige Book on Wednesday, November 26 at noon EST
because of the early closure of some financial markets. The November Beige
Book was previously scheduled for release on November 26 at 2 p.m. EST. www.federalreserve.gov/boarddocs/press/other/2003/20031121/default.htm
November 21, 2003 - Economic
Outlook - Remarks
by Vice Chairman Roger W. Ferguson, Jr. At
the Executives' Club of Chicago, Chicago, Illinois November 21, 2003 www.federalreserve.gov/boarddocs/speeches/2003/20031121/default.htm
November 21, 2003 - The Federal Reserve Board on Friday announced the
issuance of a Final Decision and Order of Prohibition against Garfield C.
Brown, Jr., a former employee of Mellon Bank, N.A., Pittsburgh,
Pennsylvania. www.federalreserve.gov/boarddocs/press/Enforcement/2003/20031121/default.htm
November 20, 2003 - NCUA - 2003 Board Action Bulletins - A Summary of
Actions Taken at NCUA Board Meetings www.ncua.gov/news/board_reports/board_reports.html
November 20, 2003 - Bridging The Gap In Rural Healthcare - When it comes
to economic development, the value of high-quality healthcare may be
overlooked. Nancy Novack, an associate economist at the Center for
the Study of Rural America, examines some of the innovative strategies
being used to enhance rural health care in September's edition of The
Main Street Economist. The Main Street is published by the
Center, which is based at the Federal Reserve Bank of Kansas City. www.kc.frb.org/pubaffrs/pressrel/pr03-30.htm
November 20, 2003 - Arkansas First To Make Money Smart Curriculum
Available To Public High School Students Statewide - The Federal Deposit Insurance Corporation today announced the signing of a Money Smart Alliance
Program agreement that will make its Money Smart financial
education curriculum available to all 11th and 12th
grade students in Arkansas public high schools. www.fdic.gov/news/news/press/2003/pr10803.html
November 20, 2003 - Guidance on Change in Bank Control Procedures - The
Federal Reserve is issuing this SR letter to emphasize the importance of
understanding the requirements for filing a notice under the Change in
Bank Control Act. www.federalreserve.gov/boarddocs/srletters/2003/sr0319.htm
November 20, 2003 - The Federal Reserve Board on Thursday announced its
approval of the application under the Bank Holding Company Act by Shinhan
Financial Group Co., Ltd., Seoul, Korea, to become a bank holding company
and to control CHB America Bank, New York, New York. www.federalreserve.gov/boarddocs/press/orders/2003/20031120/default.htm
November 20, 2003 - NCUA - Dollar to Join Matz at PALS Workshop on
Alternatives to Predatory Lending - National Credit Union Administration
Chairman Dennis Dollar will join NCUA Board Member Debbie Matz in
keynoting a free workshop in Dallas on January 26 to discuss alternatives
to predatory lending. www.ncua.gov/news/press_releases/2003/NR03-1119.htm
November 20, 2003 - Current Account - Chairman
Alan Greenspan At the 21st Annual Monetary Conference,
Cosponsored by the Cato Institute and The Economist, Washington,
D.C. www.federalreserve.gov/boarddocs/speeches/2003/20031120/default.htm
November 20, 2003 - Corporate
governance, risk management, and internal controls - Richard
Spillenkothen Director, Division of Banking Supervision and Regulation
Before the Permanent Subcommittee on Investigations, Committee on
Governmental Affairs, U.S. Senate www.federalreserve.gov/boarddocs/testimony/2003/20031120/default.htm
November 19, 2003 - The Federal Reserve Board on Wednesday announced its
approval of the applications by The PNC Financial Services Group, Inc. and
PNC Bancorp, Inc., both in Pittsburgh, Pennsylvania, to acquire United
National Bancorp, and thereby indirectly acquire its wholly owned
subsidiary bank, UnitedTrust Bank, both in Bridgewater, New Jersey. www.federalreserve.gov/boarddocs/press/orders/2003/20031119/default.htm
November 19, 2003 - Thrifts Earnings and Profitability Remain Strong in
Third Quarter - The Office of Thrift Supervision announced today that the
nation's thrift industry reported net income of $3.44 billion in the third
quarter of 2003, up 16 percent from the $2.97 billion earned in the third
quarter of 2002, but down 3 percent from the record $3.53 billion earned
in the second quarter of this year. www.ots.treas.gov/docs/77338.html
November 17, 2003 - Finance and
Economics Discussion Series -
The Excess Sensitivity of Long-Term Interest Rates: Evidence and
Implications for Macroeconomic Models. www.federalreserve.gov/pubs/feds/2003/200350/200350pap.pdf
November 17, 2003 - Finance and
Economics Discussion Series -
Welfare Effects of Tax Policy in Open Economies: Stabilization and
Cooperation Jinill Kim and Sunghyun Henry Kim www.federalreserve.gov/pubs/feds/2003/200351/200351pap.pdf
November 17, 2003 - Finance and
Economics Discussion Series -
Estimating the Worldwide Volume of Counterfeit U.S. Currency: Data
and Extrapolation Ruth Judson and Richard Porter www.federalreserve.gov/pubs/feds/2003/200352/200352pap.pdf
November 17, 2003 - Finance and
Economics Discussion Series -
Bank Risk Ratings and the Pricing of Agricultural Loans Nick
Walraven and Peter Barry www.federalreserve.gov/pubs/feds/2003/200353/200353pap.pdf
November 17, 2003 - Finance and
Economics Discussion Series -
Capital Flows Among the G-7 Nations: A Demographic Perspective -
Michael Feroli www.federalreserve.gov/pubs/feds/2003/200354/200354pap.pdf
November 17, 2003 -
Reports to Congress -
Report on Financial Holding Companies under the Gramm-Leach-Bliley Act - A joint report with the Department of Treasury.
Discusses the new or expanded activities conducted by financial holding
companies under the Gramm-Leach-Bliley Act, the actions that the Board and
the Secretary of the Treasury have taken to expand the activities
permissible for financial holding companies, and the effect that any
nonbanking mergers and acquisitions by financial holding companies under
the GLB Act have had on market concentration. www.federalreserve.gov/boarddocs/rptcongress/glbarptcongress.pdf
November 14, 2003 - NCUA - Department
of Justice Press Release on the Sentencing of Bernard Gurr http://www.ncua.gov/news/press_releases/2003/DOJ03-1114.pdf
November 14, 2003 - NCUA - Statement
of NCUA Chairman Dennis Dollar Regarding the Sentencing of Bernard Gurr in
U.S. District Court www.ncua.gov/news/press_releases/2003/Stmt03-1114.htm
November 14, 2003 - FDIC Approves Assumption Of All The Deposits Of
Pulaski Savings Bank, Philadelphia, Pennsylvania - The Board of
Directors of the Federal Deposit Insurance Corporation has approved the
assumption of all the deposits of Pulaski Savings Bank, Philadelphia,
Pennsylvania, by Earthstar Bank, Southampton, Pennsylvania. www.fdic.gov/news/news/press/2003/pr10703.html
November 14, 2003 - Global Integration in the Banking Industry - Allen N.
Berger and David C. Smith - Lowered regulatory barriers and advances in
technology have reduced the cost of supplying banking services across
borders. At the same time, growth in activity by multinational
corporations has increased the demand for international financial
services. www.federalreserve.gov/pubs/bulletin/2003/03bulletin.htm#nov
______________
November 14, 2003 - OCC Publishes Annual Report - The Office of the
Comptroller of the Currency today published its 2003 Annual Report.
Press Release: www.occ.treas.gov/newsrelease.asp?Doc=KT4YZKG.xml
Attachment: www.occ.treas.gov/annrpt/annual.htm
November 14, 2003 - OCC Releases CRA Evaluations For 46 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 October 15, 2003
through November 14, 2003. www.occ.treas.gov/newsrelease.asp?Doc=EVMKXYAL.xml
November 14, 2003 - Globalization of Financial Markets Creates New
Investment Opportunities For U.S., Foreign Investors: St. Louis Fed’s
Poole - Financial market globalization, spurred by advancing technology
and liberalization of capital flow restrictions worldwide, has created
entirely new investment opportunities for investors in the United States
and abroad. www.stlouisfed.org/news/releases/2003/11_14_03.html
November 14, 2003 - Annual Report
on Indebtedness of Executive Officers and Principal Shareholders to
Correspondent Banks - Enclosed
is a copy of the Federal Financial Institutions Examination Council 004
report that may be used to comply with the reporting requirements of Title
VIII of the Financial Institutions Regulatory and Interest Rate Control
Act of 1978. www.fdic.gov/news/news/financial/2003/fil0388.html
November 14, 2003 - Ben S. Bernanke on Friday took the oath of office for
a new term as a member of the Board of Governors of the Federal Reserve
System. www.federalreserve.gov/boarddocs/press/other/2003/20031114/default.htm
November 14, 2003 - National Credit Union Administration Issues
Prohibition Orders - The National Credit Union Administration has issued
Orders of Prohibition against the following individuals: www.ncua.gov/news/press_releases/2003/NR03-1114.htm
November 14, 2003 - OCC Announces 12 New Enforcement Actions and Nine
Terminations - The Office of the Comptroller of the Currency (OCC) today
announced 12 new enforcement actions taken against national banks and
individuals currently and formerly affiliated with national banks and nine
terminations of existing enforcement actions. www.occ.treas.gov/NewsRelease.asp?Doc=SIMIHHMK.xml
November 14, 2003 - Remarks by
Governor Edward M. Gramlich - At a meeting on rental housing hosted
by the John D. and Catherine T. MacArthur Foundation, Washington, D.C. www.federalreserve.gov/boarddocs/speeches/2003/20031114/default.htm
November 13, 2003 - NCUA - Matz Urges Credit Unions to Protect Safety
& Soundness - National Credit Union Administration (NCUA) Board Member
Debbie Matz today suggested several ways that credit unions could prevent
taxation and thereby protect their safety and soundness. www.ncua.gov/news/press_releases/2003/NR03-1113.htm
November 13, 2003 - OCC Allows National Bank Offices in Florida to Close
if Necessary - The Office of the Comptroller of the Currency has issued a
proclamation allowing national bank offices to close during the week of
November 17, 2003, if events related to the Ministerial Meeting of the
Free Trade Area of the Americas in Miami, Florida, should necessitate such
action.
Press Release: www.occ.treas.gov/NewsRelease.asp?Doc=6CYY4XYV.xml
Attachment: www.occ.treas.gov/ftp/release/2003-89a.pdf
November 13, 2003 - Remarks by
Governor Donald L. Kohn At the 28th Annual Policy Conference:
Inflation Targeting: Prospects and Problems, Federal Reserve Bank of St.
Louis, St. Louis, Missouri October 17, 2003 www.federalreserve.gov/boarddocs/speeches/2003/200310172/default.htm
November 13, 2003 - OCC Takes Action Against Texas Bank Engaged in Abusive
Lending - The Office of the Comptroller of the Currency announced a
precedent-setting enforcement action today that requires the complete
reimbursement of fees and interest charged by Clear Lake National Bank of
San Antonio, Texas, in a series of abusive loans. Press Release: www.occ.treas.gov/NewsRelease.asp?Doc=QIX949V6.xml
Attachment: www.occ.treas.gov/ftp/eas/ea2003-135.pdf
November 13, 2003 - The Proposed
U.S. Approach to Regulatory Capital: An Update - Remarks by Vice Chairman Roger W. Ferguson, Jr. At the conference
on The Changing Regulatory Capital Regime in Europe: A Challenging New
Business Concept, Brussels, Belgium www.federalreserve.gov/boarddocs/speeches/2003/20031113/default.htm
November 12, 2003 - Metcalfe Named Chair, Jackson Named Deputy Chair of
St. Louis Fed Board - The Board of Governors of the Federal Reserve System
in Washington, D.C., has appointed Walter L. Metcalfe, Jr., as chair and
Gayle P.W. Jackson as deputy chair of the board of directors of the
Federal Reserve Bank of St. Louis. Metcalfe is chairman of the law firm of
Bryan Cave LLP and Jackson is managing director of FondElec Clean Energy
Group, Inc. www.stlouisfed.org/news/releases/2003/11_12_03.html
November 12, 2003 - The Federal Reserve Board on Wednesday announced its
approval of the application under section 3 of the Bank Holding Company
Act by AllNations Bancorporation, Inc., Shawnee, Oklahoma, to acquire The
First National Bank of Calumet, Calumet, Oklahoma. www.federalreserve.gov/boarddocs/press/orders/2003/20031112/default.htm
November 12, 2003 - Proposal for
Comment - Agency Information Collection Activities - Proposal to extend
for three years, without revision, the following currently approved
information collection: Report on Indebtedness of Executive Officers and
Principal Shareholders and their Related Interests to Correspondent Banks.
www.federalreserve.gov/generalinfo/foia/proposedregs.cfm
November 12, 2003 - Proposal for
Comment - Agency Information Collection Activities - Proposal to extend,
without revision, the following: Disclosure Requirements in Connection
with Regulation H (Consumer Protections in Sales of Insurance) www.federalreserve.gov/generalinfo/foia/proposedregs.cfm
November 12, 2003 - NCUA Chairman Says Greater Access To Affordable
Financial Services For Working Poor Families Can Accelerate Economic
Growth. www.ncua.gov/news/press_releases/2003/NR03-1110.htm
November 12, 2003 - NCUA - South Chicago Gains Access To Credit Union
Service For Underserved Area - NCUA
Vice Chair Johnson Says Access To Affordable Financial Services Vital to
Helping Residents Achieve the American Dream; Credit Union Positioned to
Counter Significant Predatory Lending www.ncua.gov/news/press_releases/2003/NR03-1108.htm
November 10, 2003 - NCUA - Accessing Financial Services And Access Across
America - A Credit Union Perspective On Successful Partnership Initiatives
www.ncua.gov/news/speeches/2003/Dollar03-1110.pdf
November 10, 2003 - NCUA Chairman
Says Greater Access To Affordable Financial Services For Working Poor
Families Can Accelerate Economic Growth http://www.ncua.gov/news/press_releases/2003/NR03-1110.htm
November 10, 2003 - NCUA - South
Chicago Gains Access To Credit Union - NCUA Vice Chair Johnson Says Access To
Affordable Financial Services Vital to Helping Residents Achieve the
American Dream; Credit Union Positioned to Counter Significant Predatory
Lending. http://www.ncua.gov/news/press_releases/2003/NR03-1108.htm
November 10, 2003 - Federal Reserve Bank Of Kansas City Board Of Director
Elections In Progress - Bankers from Missouri and Kansas along with
business leaders from Kansas, Colorado and Nebraska are candidates for
election to the Federal Reserve Bank of Kansas City's Board of Directors. www.kc.frb.org/pubaffrs/pressrel/pr03-29.htm
November 10, 2003 - Industrial
Production and Capacity Utilization - The Federal Reserve revised
the index of industrial production and
the related measures of capacity and capacity utilization for the period
from January 1972 to September 2003. Overall, the changes are small, and
most of the revisions appear in the period beginning with 2000. www.federalreserve.gov/Releases/G17/Revisions/Current/default_rev.htm
November 5, 2003 - Researchers Examine
Decimalization and Market Liquidity - The latest issue of Economic Perspectives
released recently by the Chicago Fed www.chicagofed.org/newsandevents/pressreleases/2003/pr11052003.cfm
_______________
November 7, 2003 - NCUA - Letter to Credit Unions 03-CU-17 - Independent Appraisal and Evaluation
Functions for Real Estate-Related Transactions www.ncua.gov/ref/letters/2003/03-CU-17.doc
November 7, 2003 - NCUA - Statement
of NCUA Chairman Dennis Dollar Regarding U.S. District Court's Dismissal
Of Lawsuit Challenging Repeal of CAP www.ncua.gov/news/press_releases/2003/Stmt03-1107.htm
November 7, 2003 - In the third quarter, consumer credit growth - at 6-1/2
percent at an annual rate - was higher than in the second quarter owing to
a larger increase in nonrevolving credit. www.federalreserve.gov/Releases/G19/Current/default.htm
November 7, 2003 - The Federal Reserve Board on Friday announced the
approval of the application by HBOS Treasury Services plc, London, United
Kingdom, to establish a branch in New York, New York. www.federalreserve.gov/boarddocs/press/orders/2003/20031107/default.htm
November 7, 2003 - NCUA - Chairman Appoints Internal Working Group To
Review GAO Recommendations - This week upon receipt of the General
Accounting Office's recent study of the financial condition and oversight
of credit unions, NCUA Chairman Dennis Dollar appointed an intra-agency
working group comprised of seven key senior agency officials to review and
evaluate each of the five recommendations to the NCUA included in GAO's
report.
www.ncua.gov/news/press_releases/2003/NR03-1106.htm
November 7, 2003 - Remarks by
Governor Ben S. Bernanke At the 28th Annual Policy Conference:
Inflation Targeting: Prospects and Problems, Federal Reserve Bank of St.
Louis, St. Louis, Missouri October 17, 2003 http://www.federalreserve.gov/boarddocs/speeches/2003/20031017/default.htm
November 6, 2003 - The Federal Reserve Board on Thursday released the
minutes of its discount rate meetings from September 2 through September
15, 2003. www.federalreserve.gov/boarddocs/press/monetary/2003/20031106/default.htm
November 6, 2003 - The Jobless
Recovery - Remarks
by Governor Ben S. Bernanke at the Global Economic and Investment
Outlook Conference, Carnegie Mellon University, Pittsburgh, Pennsylvania. www.federalreserve.gov/boarddocs/speeches/2003/200311062/default.htm
November 6, 2003 - Remarks by
Chairman Alan Greenspan At the Securities Industry Association
annual meeting, Boca Raton, Florida. www.federalreserve.gov/boarddocs/speeches/2003/20031106/default.htm
November 5, 2003 - FDIC Issues November 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 August 2003. www.fdic.gov/news/news/press/2003/pr10603.html
November 4, 2003 - NCUA - Statement
of NCUA Chairman Dennis Dollar On Release Of GAO Study Results "Credit
Unions: Financial Condition Has Improved But Opportunities Exist To
Enhance Oversight And Share Insurance Management" http://www.ncua.gov/news/press_releases/2003/Stmt03-1104.htm
November 4, 2003 - FDIC Board Votes To Maintain Premium Rates For Banks
- The Board of Directors of
the Federal Deposit Insurance Corporation (FDIC) today voted to keep the
assessment rates charged to insured banks and savings associations
unchanged for the first half of 2004. www.fdic.gov/news/news/press/2003/pr10503.html
November 4, 2003 - FDIC Reports Third Quarter 2003 Financial Results For
Bank And Thrift Insurance Funds -
The Federal Deposit Insurance
Corporation today announced that the Bank Insurance Fund reported
comprehensive income (net income plus current period unrealized
gains/losses on available-for-sale securities) of $1.4 billion for the
nine months ending September 30, 2003, compared to $944 million for the
same period last year. www.fdic.gov/news/news/press/2003/pr10403.html
November 4, 2003 - The Federal Reserve Board on Tuesday announced the
execution of a Written Agreement by and among the Bank of Gassaway,
Gassaway, West Virginia; the West Virginia Division of Banking,
Charleston, West Virginia; and the Federal Reserve Bank of Richmond. www.federalreserve.gov/boarddocs/press/Enforcement/2003/200311042/default.htm
November 4, 2003 - The Federal Reserve Board on Tuesday announced the
issuance of a consent Order of Assessment of a Civil Money Penalty against
the Gulf Bank, Miami, Florida, a state member bank. Gulf Bank, without
admitting to any allegations, consented to the issuance of the Order in
connection with its alleged violations of the Board's Regulations
implementing the National Flood Insurance Act. www.federalreserve.gov/boarddocs/press/Enforcement/2003/20031104/default.htm
November 3, 2003 - Senior Loan
Officer Opinion Survey on Bank Lending Practices - The October 2003
Senior Loan Officer Opinion Survey on Bank Lending Practices addressed
changes in the supply of, and demand for, bank loans to businesses and
households over the past three months. www.federalreserve.gov/boarddocs/snloansurvey/200310/default.htm
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