Bank
Regulatory News
September 2006
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September 29, 2006 - Comptroller Salutes Legislation to Raise Part
24 Community Development Investment Limit - Comptroller of the Currency John
C. Dugan released the following statement in response to passage of
legislation raising the cap on the public welfare investment authority for
financial institutions, known as Part 24.
www.occ.treas.gov/toolkit/newsrelease.aspx?Doc=9NTCSMUO.xml
September 29, 2006 - NCUA - Opinion Letter - 06-0840 - Share Insurance
Coverage for Guardian Accounts.
www.ncua.gov/RegulationsOpinionsLaws/opinion_letters/2006/06-0840.pdf
September 29, 2006 - Payment Systems Forums and Outreach - Summary of the
roundtable discussion on the role of wire transfers in making low-value
payments.
www.federalreserve.gov/paymentsystems/lowvaluepay/default.htm
September 29, 2006 - The Federal Reserve Board announced Friday that the
Consumer Advisory Council will hold its next meeting on Thursday, October
26. The meeting will take place in Dining Room E, Terrace level, in the
Board's Martin Building.
www.federalreserve.gov/boarddocs/press/other/2006/20060929/default.htm
September 29, 2006 - The Federal Reserve Board on Friday announced its
approval of the notice filed by Wachovia Corporation, Charlotte, North
Carolina, to acquire all the voting shares of Golden West Financial
Corporation ("Golden West"), Oakland, California, and thereby acquire World
Savings Bank FSB, Oakland, California, and World Savings Bank FSB (Texas),
Houston, Texas, and the other nonbanking subsidiaries of Golden West.
www.federalreserve.gov/boarddocs/press/orders/2006/20060929/default.htm
September 29, 2006 - Comptroller of the Currency Praises Interagency Work on
Non-Traditional Mortgage Guidance - Comptroller of the Currency John C.
Dugan today released the following statement after the release of final
interagency guidance on non-traditional mortgages.
www.occ.treas.gov/toolkit/newsrelease.aspx?Doc=AUEO7DE.xml
September 29, 2006 - Banking Structure - Financial Holding Companies - Under
the Bank Holding Company Act, bank holding companies may elect to be
financial holding companies.
www.federalreserve.gov/GeneralInfo/FHC/default.htm
September 29, 2006 - Federal Financial Regulatory Agencies Issue Final
Guidance on Nontraditional Mortgage Product Risks - The federal financial
regulatory agencies today issued final guidance to address the risks posed
by residential mortgage products that allow borrowers to defer repayment of
principal and sometimes interest (Interagency Guidance on Nontraditional
Mortgage Product Risks).
Press Release:
www.federalreserve.gov/boarddocs/press/bcreg/2006/20060929/default.htm
Press Release:
www.fdic.gov/news/news/press/2006/pr06086.html
Press Release:
www.occ.treas.gov/toolkit/newsrelease.aspx?JNR=1&Doc=M3ZM5FQW.xml
Press Release:
www.ots.treas.gov/docs/7/776046.html
_______________
September 28, 2006 - OCC Reports Bank Quarterly Derivatives Earnings
of $4.7 Billion - Insured commercial banks earned $4.7 billion trading cash
instruments and derivative products in the second quarter of 2006, the
Office of the Comptroller of the Currency reported today in its quarterly
Bank Derivatives Report. For comparison purposes, banks earned $5.7 billion
from trading activities in the first quarter of 2006 and $1.96 billion in
the second quarter of 2005.
Press Release:
www.occ.treas.gov/toolkit/newsrelease.aspx?Doc=POYTDZP.xml
Attachment:
www.occ.treas.gov/ftp/deriv/dq206.pdf
September 28, 2006 - FRB Statistical Release - G.20 Finance Companies.
www.federalreserve.gov/releases/g20/Current/default.htm
September 28, 2006 - FDIC to Hold Identity Theft Symposia Building
Confidence in an E-Commerce World - The Federal Deposit Insurance
Corporation has announced that it will hold its next symposia on the
importance of consumer confidence in e-commerce on October 5th in Mesa,
Arizona, and on October 25th in Miami Beach, Florida. The half-day meetings
will bring together experts from government and the private sector to
discuss ways to combat online identity theft and help maintain public
confidence in e-commerce.
www.fdic.gov/news/news/press/2006/pr06085.html
September 27, 2006 -OCC First Senior Deputy Comptroller and Chief Counsel
Testifies on Bank Premise Issues Before House Subcommittee - First Senior
Deputy Comptroller and Chief Counsel Julie L. Williams discussed three
interpretive letters issued by the OCC in December 2005 in testimony today
before the Subcommittee on Government Management, Finance, and
Accountability of the House Committee on Government Reform.
www.occ.treas.gov/toolkit/newsrelease.aspx?Doc=TY2I1ZEF.xml
September 27, 2006 - Governor Randall S. Kroszner - What Drives Productivity
Growth? Implications for the Economy and Prospects for the Future - At The
Forecasters Club of New York, New York, New York.
www.federalreserve.gov/boarddocs/speeches/2006/20060927/default.htm
September 27, 2006 - OTS Announces Proposal To Align CRA Regulation With
Other Federal Banking Agencies - The Office of Thrift Supervision announced
today that it intends to publish a Notice of Proposed Rulemaking to align
its Community Reinvestment Act regulations with those adopted by the other
federal banking agencies in August 2005.
www.ots.treas.gov/docs/7/776045.html
September 26, 2006 - NCUA - National Credit Union Administration Issues
Prohibition Orders - The National Credit Union Administration has issued
orders prohibiting the following individuals from participating in the
affairs of any federally insured financial institution.
www.ncua.gov/news/press_releases/2006/MR06-0926.htm
September 26, 2006 - Revised Shared National Credit Data - Note: This
version of the September 25, 2006, release of the Shared National Credit
data corrects several discrepancies. Specifically, the non-accrual amounts
in the second paragraph of the Overview on page 2 and in Table 1 have been
revised. These amounts now match the non-accrual amounts previously reported
in Table 2. In Appendix B, the section titled "All Industries (Total)"
corrects the line items titled "% Classified" and "% Special Mention" for
the years 2001, 2002, and 2003.
www.ots.treas.gov/docs/7/776044.html
September 26, 2006 - OCC Announces New Electronic Interpretations and
Actions - September 2006.
www.occ.treas.gov/interp/sep06/intsep06.htm
September 26, 2006 - Proposed Revisions to (1) Risk-Based Capital Rule
Implementing the new Basel Capital Accord and (2) Market Risk Rule: Notices
of Proposed Rulemaking - This bulletin summarizes proposed revisions to the
Basel II risk-based capital rule and the market risk rule.
www.occ.treas.gov/ftp/bulletin/2006-40.html
September 26, 2006 - Comptroller Dugan Tells Senate Panel that Basel II
Capital Framework - Will Substantially Improve Large Bank Risk Management
and Controls - Comptroller of the Currency John C. Dugan told a Senate
committee today that the inadequacies of the current Basel I capital regime
for the largest internationally active banks are a matter of great concern
to the OCC because the agency supervises the five largest banks in the
United States, some of which hold more than $1 trillion in assets, have
complex balance sheets, take complex risks, and have complex risk management
needs that are fundamentally different from those faced by community and
mid-size banks.
www.federalreserve.gov/boarddocs/testimony/2006/20060926/default.htm
September 26, 2006 - Governor Susan Schmidt Bies - Basel II - Before the
Committee on Banking, Housing, and Urban Affairs, U.S. Senate.
www.federalreserve.gov/boarddocs/testimony/2006/
September 26, 2006 - The Federal Reserve Board on Tuesday announced the
termination of the enforcement actions listed below. Terminations of
enforcement actions are listed on the Federal Reserve's public web site,
www.federalreserve.gov/boarddocs/enforcement, as they occur.
www.federalreserve.gov/boarddocs/press/Enforcement/2006/20060926/default.htm
September 25, 2006 - Comptroller of the Currency Tours East D.C. Market
Opportunities - Comptroller of the Currency John C. Dugan led a delegation
of bankers, community representatives, and staff on a tour of community
development projects in Wards 7 and 8 of Washington D.C.
www.occ.treas.gov/toolkit/newsrelease.aspx?Doc=GBJ5NLG.xml
September 25, 2006 - Financial Education FDIC Guide to Money Management for
Teens - The FDIC has published a special guide to help teens (and many
pre-teens) learn about saving and managing their money. The FDIC is
encouraging financial institutions to make the information in this
publication, as well as two previously published guides for seniors and
young adults, widely available.
www.fdic.gov/news/news/financial/2006/fil06088.html
September 25, 2006 - Shared National Credit Data Reflect Good Credit Quality
Performance, Large Increase in Credit1 Commitment Volume, and Small Rise in
Riskier Deals - The volume of syndicated credits rose rapidly, in part
reflecting a rise in merger and acquisition activity over the past year,
according to the Shared National Credit 2 review released today by federal
bank and thrift regulators. The review noted a small increase in problem
credits as a share of commitments in 2006.
Press Release:
www.federalreserve.gov/boarddocs/press/bcreg/2006/20060925/default.htm
Press Release:
www.fdic.gov/news/news/press/2006/pr06084.html
Press Release:
www.occ.treas.gov/ftp/release/2006-102.htm
Press Release:
www.ots.treas.gov/docs/7/776043.pdf
September 25, 2006 - Comptroller of the Currency Hosts Community Bank
Directors Workshop in Orlando - The Office of the Comptroller of the
Currency will host a workshop for national community bank directors at the
Peabody Hotel, Orlando, Fla., on Oct. 24.
www.occ.treas.gov/toolkit/newsrelease.aspx?Doc=COYDMB19.xml
September 25, 2006 - Risk-Based Capital Rules Proposed Rule on Risk-Based
Capital Standards: Market Risk - The federal bank and thrift regulatory
agencies have jointly issued the attached notice of proposed rulemaking on
possible modifications to the risk-based capital standards for market risk.
The proposed rule would incorporate improvements to the current trading book
regime as proposed by the Basel Committee on Bank Supervision and the
International Organization of Securities Commissions in the joint document
The Application of Basel II to Trading Activities and the Treatment of
Double Default Effects, published in July 2005.
www.fdic.gov/news/news/financial/2006/fil06087.html
September 25, 2006 - Risk-Based Capital Rules Proposed Rule on Risk-Based
Capital Standards: Advanced Capital Adequacy Framework - The federal bank
and thrift regulatory agencies have jointly issued and are seeking comment
on the attached notice of proposed rulemaking concerning the domestic
application of selected elements of the Basel II capital framework. The
proposed rule would require some core banks, and permit other banks, to use
an internal ratings-based approach to calculate regulatory credit risk
capital requirements and an advanced measurement approach to calculate
regulatory operational risk capital requirements.
www.fdic.gov/news/news/financial/2006/fil06086.html
September 22, 2006 - NCUA - Letter to Credit Unions 06-CU-15 - Credit Union
Financial Trends for June 2006.
www.ncua.gov/letters/2006/CU/06-CU-15.pdf
September 22, 2006 - OTS Director Reich Stresses Vigilance in Combating
Mortgage Fraud - Office of Thrift Supervision Director John Reich today
addressed the issue of mortgage fraud at a joint conference of the Ohio
Bankers League and the Illinois League of Financial Institutions in Colorado
Springs, CO. Reich discussed the proliferation of fraudulent activity in the
mortgage industry attendant to the mortgage boom, and the ways in which
bankers and regulators can identify and fight mortgage fraud.
www.ots.treas.gov/docs/7/776042.html
September 22, 2006 - Default Estimation for Low-Default Portfolios - by
Nicholas M. Kiefer - The problem in default probability estimation for
low-default portfolios is that there is little relevant historical data
information. No amount of data processing can fix this problem. More
information is required. Incorporating expert opinion formally is an
attractive option.
www.occ.treas.gov/wp2006-2.htm
September 22, 2006 - Reports of Condition and Income for Third Quarter 2006
- The enclosed materials pertain to the Reports of Condition and Income for
the September 30, 2006, report date. Please plan to complete the
preparation, editing, review, and submission of your Call Report data to the
agencies' Central Data Repository as early as possible. Starting your
preparation early will aid you in identifying and resolving any edit
exceptions prior to the submission deadline. If you later find that certain
information needs to be revised, please make the appropriate changes to your
Call Report data and promptly submit the revised data file to the CDR.
www.fdic.gov/news/news/financial/2006/fil06085.html
September 20, 2006 - Sandra F. Braunstein, Director, Division of Consumer
and Community Affairs - Non-traditional mortgage products - Before the
Subcommittee on Housing and Transportation and the Subcommittee on Economic
Policy, Committee on Banking, Housing, and Urban Affairs, U.S. Senate
www.federalreserve.gov/boarddocs/testimony/2006/20060920/default.htm
____________September 21, 2006 - Does The Time Inconsistency Problem Make
Flexible Exchange Rates Look Worse Than You Think? - Roc Armenter Martin
Bodenstein - The Barro-Gordon inflation bias has provided the most
influential argument for fixed exchange rate regimes. However, with low
inflation rates now widespread, credibility concerns seem no longer
relevant.
www.federalreserve.gov/pubs/ifdp/2006/865/ifdp865.htm
September 21, 2006 - The Federal Reserve Board today announced the
appointment of Roger T. Cole as director of the Division of Banking
Supervision and Regulation, effective immediately.
www.federalreserve.gov/boarddocs/press/other/2006/20060921/default.htm
September 21, 2006 - NCUA - The Results of the 9/21/2006 NCUA Board Meeting
is Available.
www.ncua.gov/NCUABoard/board_reports/BAB06-0921.pdf
September 20, 2006 - OCC Deputy Comptroller Testifies before Senate
Subcommittees On Nontraditional Mortgage Products - Deputy Comptroller
Kathryn E. Dick discussed nontraditional mortgage products and the proposed
interagency guidance on those products in testimony today before the
Subcommittee on Economic Policy and the Subcommittee on Housing and
Transportation of the Senate Committee on Banking, Housing, and Urban
Affairs.
www.occ.treas.gov/toolkit/newsrelease.aspx?Doc=QQBF7ED2.xml
September 20, 2006 - Office Of Foreign Assets Control Amendment to Iranian
Transactions Regulations - The Department of the Treasury's Office of
Foreign Assets Control has amended the Iranian Transactions Regulations to
prohibit all transactions with Bank Saderat.
www.fdic.gov/news/news/financial/2006/fil06084.html
September 20, 2006 - The Federal Open Market Committee decided today to keep
its target for the federal funds rate at 5-1/4 percent.
www.federalreserve.gov/boarddocs/press/monetary/2006/20060920/default.htm
September 20, 2006 - Pat Pointer Named Deputy Comptroller for Workforce
Effectiveness - The Office of the Comptroller of the Currency announced that
Pat Pointer has joined the agency as the Deputy Comptroller for Workforce
Effectiveness. She replaces Cindy Petitt, who is retiring.
www.occ.treas.gov/toolkit/newsrelease.aspx?Doc=KORNTRHI.xml
September 20, 2006 - OCC Releases CRA Evaluations For 29 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 August 15, 2006 through September 14, 2006.
www.occ.treas.gov/toolkit/newsrelease.aspx?Doc=3PTARNP6.xml
September 20, 2006 - Sandra F. Braunstein, Director, Division of Consumer
and Community Affairs Non-traditional mortgage products - Before the
Subcommittee on Housing and Transportation and the Subcommittee on Economic
Policy, Committee on Banking, Housing, and Urban Affairs, U.S. Senate
www.federalreserve.gov/boarddocs/testimony/2006/20060920/default.htm
September 19, 2006 - FRB Banking Information and Regulation -- Supervision
Examiner Education Course Catalog.
www.federalreserve.gov/bankinforeg/coursecatalog/default.htm
September 19, 2006 - FRB Statistical Release - E.2 Survey of Terms of
Business Lending.
www.federalreserve.gov/Releases/E2/Current/default.htm
September 19, 2006 - NCUA - Balanced Approach Key Says Hyland During Remarks
at NAFCU Congressional Caucus - National Credit Union Administration Board
Member Gigi Hyland spoke today before over 400 participants at NAFCU's
Congressional Caucus in Washington D.C.
www.ncua.gov/news/press_releases/2006/MA06-0918-3.htm
September 19, 2006 - Federal Reserve Bulletin Article -- Revision to
"Higher-Priced Home Lending and the 2005 HMDA Data" - Table 8 data revised
to correct computational errors.
www.federalreserve.gov/pubs/bulletin/default.htm
September 18, 2006 - Teach Children to Save Day," in which volunteers from
various financial institutions visit Louisville-area elementary schools to
conduct a 45-minutes lesson for the students on how to save money. As part
of the lesson, little green plastic piggy banks, made partly out of recycled
U.S. currency, will be given to the students.
www.stlouisfed.org/news/releases/2006/09_18_06.html
September 18, 2006 - Deposit Insurance Coverage - Changes to FDIC Rule for
Deposit Insurance Coverage - The FDIC Board of Directors has permanently
adopted the attached final rule to implement provisions of the Federal
Deposit Insurance Reform Act of 2005 pertaining to deposit insurance
coverage. The Board had issued an interim rule, effective April 1, 2006, to
implement the new insurance coverage provisions.
www.fdic.gov/news/news/financial/2006/fil06083.html
September 15, 2006 - OTS Lists 52 CRA Exams Scheduled For Fourth Quarter
2006 - The Office of Thrift Supervision announced today that 52 savings
associations are scheduled for Community Reinvestment Act examinations
during the fourth quarter of 2006.
www.ots.treas.gov/docs/7/776041.html
September 15, 2006 - Statistical Release - G.17 Industrial Production -
Industrial production declined 0.1 percent in August after an increase of
0.4 percent in July. Manufacturing output was unchanged in August; it
advanced an upward-revised 0.4 percent in July. The output at utilities fell
in August, as temperatures returned to more-normal levels. Production at
mines moved down after increasing in the previous four months.
www.federalreserve.gov/releases/g17/Current/default.htm
September 15, 2006 - The Federal Reserve Board on Friday announced its
approval of the application filed by Passumpsic Bancorp, St. Johnsbury,
Vermont, to merge with The Siwooganock Holding Company, Inc. ("Siwooganock")
and acquire its subsidiary bank, The Siwooganock Bank, and Siwooganock's
ownership of 10 percent of the voting shares of The Lancaster National Bank,
all of Lancaster, New Hampshire.
www.federalreserve.gov/boarddocs/press/orders/2006/20060915/default.htm
September 14, 2006 - Statement by Governor Bies on the death of Andrei
Kozlov, first deputy chairman of Russia's central bank.
www.federalreserve.gov/boarddocs/press/other/2006/20060914/default.htm
__________
September 14, 2006 - 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/2006-97.htm
September 14, 2006 - The Federal Reserve Board on Thursday announced its
approval of the application filed by Glacier Bancorp, Inc., Kalispell, to
acquire Citizens Development Company, Billings, and its subsidiary banks:
First Citizens Bank of Billings, Billings; First National Bank of Lewistown,
Lewistown; Western Bank of Chinook National Association, Chinook; First
Citizens Bank, National Association, Columbia Falls; and Citizens State
Bank, Hamilton, all of Montana.
www.federalreserve.gov/boarddocs/press/orders/2006/20060914/default.htm
September 14, 2006 - Comptroller Dugan Tells House Panel that Goal of Basel
II Capital Framework And Commercial Real Estate Guidance is to Address Risks
Facing Banking System - Comptroller of the Currency John C. Dugan told a
House subcommittee today that the Basel II capital framework is intended not
only to align capital requirements more closely to the complex risks
inherent in large, internationally active banks, but to require those
institutions to substantially improve their risk management systems and
controls.
www.occ.treas.gov/toolkit/newsrelease.aspx?Doc=0GNJWZK3.xml
September 14, 2006 - Governor Susan Schmidt Bies - Basel II and commercial
real estate - Before the Subcommittee on Financial Institutions and Consumer
Credit, Committee on Financial Services, U.S. House of Representatives.
www.federalreserve.gov/boarddocs/testimony/2006/20060914/default.htm
September 13, 2006 - "Depository Services," Comptroller's Handbook for
Consumer Compliance Revised booklet covers reserve requirements, electronic
fund transfers, expedited funds availability, and truth in savings.
Incorporates changes to regulations CC (12 CFR 229) and E (12 CFR 205).
www.occ.treas.gov/handbook/depserv.pdf
September 12, 2006 - OCC Releases Quarterly Journal, Vol. 25, No. 2 (June
2006) on the Web -Includes first quarter 2006 condition and performance of
banks; including new tables on bank performance by OCC district, and other
policy and data.
www.occ.treas.gov/qj/qj.htm
September 12, 2006 - OCC Named One of the Top Places to Start a Career - The
Office of the Comptroller of the Currency was named one of the 50 best
places in America to start a career by Business Week magazine.
www.occ.treas.gov/toolkit/newsrelease.aspx?Doc=QCICLB1O.xml
September 11, 2006 - GSEs, Mortgage Rates, and Secondary Market Activities -
Andreas Lehnert, Wayne Passmore, and Shane M. Sherlund - 2006-30 - Fannie
Mae and Freddie Mac are government-sponsored enterprises that securitize
mortgages and issue mortgage-backed securities. In addition, the GSEs are
active participants in the secondary mortgage market on behalf of their own
investment portfolios.
http://www.federalreserve.gov/pubs/feds/2006/200630/index.html
September 11, 2006 - The Federal Reserve Board on Monday announced its
approval of the application filed by First National Bank Group, Inc.,
Edinburg, to acquire up to 9.9 percent of the voting shares of Southside
Bancshares, Incorporated, Tyler, both in Texas.
www.federalreserve.gov/boarddocs/press/orders/2006/20060911/default.htm
September 11, 2006 - The Federal Reserve Board on Monday announced the
execution of a Written Agreement by and among the Exchange Bank of Missouri,
Fayette, Missouri, the Missouri Division of Finance and the Federal Reserve
Bank of Kansas City.
www.federalreserve.gov/boarddocs/press/Enforcement/2006/20060911/default.htm
September 11, 2006 - Vice Chairman Donald L. Kohn - Evolution of Retail
Payments and the Role of the Federal Reserve At the Western Payments
Alliance 2006 Payments Symposium, Las Vegas, Nevada.
www.federalreserve.gov/boarddocs/speeches/2006/20060911/default.htm
September 8, 2006 - OTS Named EU Coordinating Supervisor of Ameriprise
Financial Group Unit Threadneedle Group - The United Kingdom's Financial
Services Authority, coordinating supervisor in the European Union of
Threadneedle Group, a unit of Ameriprise Financial Group, determined on
August 14, 2006, that the Office of Thrift Supervision provides equivalent
consolidated supervision for Ameriprise Financial Group, in accordance with
the EU's Financial Conglomerates Directive, which took effect January 1,
2005.
www.ots.treas.gov/docs/7/776040.html
September 8, 2006 - Customer Authentication and Internet Banking Alert -
Alert warns financial institutions of possible increased fraudulent activity
in efforts to gain customer information by way of deceitful communications
as Authentication conformance date nears.
www.occ.treas.gov/ftp/alert/2006-50.html
September 8, 2006 - Banking Structure - Financial Holding Companies - Under
the Bank Holding Company Act, bank holding companies may elect to be
financial holding companies. Following is a list of those companies whose
elections to become or be treated as financial holding companies are
effective.
www.federalreserve.gov/generalinfo/fhc/
September 8, 2006 - FRB Statistical Release - G.19 Consumer Credit.
www.federalreserve.gov/Releases/G19/Current/default.htm
September 8, 2006 - The Federal Reserve Board on Friday announced its
approval of the application by Fédération Nationale du Crédit Agricole and
SAS Rue La Boétie, both of Paris, France, to become bank holding companies
and to retain control of Espirito Santo Bank, Miami, Florida, through their
subsidiary in Paris, Crédit Agricole S.A.
www.federalreserve.gov/boarddocs/press/orders/2006/20060908/default.htm
September 8, 2006 - NCUA - The National Credit Union Administration has
issued an order prohibiting Patricia Diaab from participating in the affairs
of any federally insured financial institution.
www.ncua.gov/news/press_releases/2006/MR06-0908-2.htm
September 8, 2006 - NCUA - The National Credit Union Administration has
issued an order prohibiting George Gracie from participating in the affairs
of any federally insured financial institution.
www.ncua.gov/news/press_releases/2006/MR06-0908.htm
September 8, 2006 - The Federal Financial Institutions Examination Council
today announced the availability of data for the year 2005 on mortgage
lending transactions at 8,848 financial institutions covered by the Home
Mortgage Disclosure Act in metropolitan statistical areas throughout the
nation.
Press Release:
www.ffiec.gov/hmcrpr/hm090806.htm
Press Release:
www.ots.treas.gov/docs/7/776039.html
Press Release:
www.ncua.gov/news/press_releases/2006/FFIEC06-09-08.pdf
Press Release:
www.federalreserve.gov/pubs/bulletin/2006/hmda/bull06hmda.pdf
______________
September 7, 2006 - 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
September 7, 2006 - The Federal Reserve Board on Thursday released the
minutes of its discount rate meetings from July 17 through August 7, 2006.
www.federalreserve.gov/boarddocs/press/monetary/2006/20060907/default.htm
September 6, 2006 - 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.
www.fdic.gov/news/news/press/2006/pr06083.html
September 6, 2006 - Beige Book - Informal review by the Federal Reserve
Banks of current economic conditions in their Districts.
www.federalreserve.gov/fomc/beigebook/2006/20060906/default.htm
September 6, 2006 - The Federal Reserve Board on Wednesday announced the
termination of the enforcement actions listed below.
The Community State Bank, Poteau, Okla., Written Agreement dated October 14,
2004,Terminated August 15, 2006.
Bank of Gassaway, Gassaway, W.Va., Written Agreement dated October 21, 2003,
Terminated September 5, 2006.
www.federalreserve.gov/boarddocs/press/Enforcement/2006/20060906/default.htm
September 5, 2006 - Statistical Supplement to the Federal Reserve Bulletin -
August 2006.
www.federalreserve.gov/whatsnew.htm
September 5, 2006 - Agencies Seek Public Comment on Basel II and Market Risk
Proposed Rulemakings - The federal bank and thrift regulatory agencies
announced today that they will request public comment on a notice of
proposed rulemaking that would implement new risk-based capital requirements
in the United States for large, internationally active banking
organizations.
Press Release:
www.federalreserve.gov/boarddocs/press/bcreg/2006/20060905/default.htm
Press Release:
www.fdic.gov/news/news/press/2006/pr06082.html
Press Release:
www.occ.treas.gov/toolkit/newsrelease.aspx?JNR=1&Doc=8E4KDHK4.xml
Press Release:
http://www.ots.treas.gov/docs/7/776038.html
September 5, 2006 - What Happens to Banks When House Prices Fall? - An
analysis by a Federal Reserve Bank of St. Louis economist suggests that
although U.S. banks have invested heavily in residential real estate loans
and securities since 2000, they appear less vulnerable to a decline in
housing prices than banks in states that experienced large house price
declines in the 1980s and 1990s.
www.stlouisfed.org/news/releases/2006/09_05_06.html
September 5, 2006 - Frederic S. Mishkin on Tuesday took the oath of office
as a member of the Board of Governors of the Federal Reserve System. The
oath was administered by Chairman Bernanke in the Board Room.
www.federalreserve.gov/boarddocs/press/other/2006/20060905/default.htm
September 1, 2006 - Automated Clearing House Activities: Risk Management
Guidance - This bulletin provides guidance for national banks and examiners
on managing the risks of automated clearing house activity.
http://www.occ.treas.gov/ftp/bulletin/2006-39.pdf
September 1, 2006 - NCUA - Regulatory Alert 06-RA-05 - Home Ownership and
Equity Protection Act.
www.ncua.gov/reg_alerts/2006/06-RA-05.pdf
September 1, 2006 - NCUA - Letter to Credit Unions - 06-CU-14 Bank Secrecy
Act /Anti-Money Laundering Manual Interagency Outreach.
www.ncua.gov/letters/2006/CU/06-CU-14.pdf
September 1, 2006 - OCC Publishes Newsletter Covering Revisions to the
Community Reinvestment Act - National banks invested $638 million to
revitalize and stabilize communities in the second quarter of 2006 just one
year after revised Community Reinvestment Act regulations took effect,
according to a new Office of the Comptroller of the Currency publication.
www.occ.treas.gov/toolkit/newsrelease.aspx?Doc=N5GQFVWC.xml
September 1, 2006 - OCC Issues Fourth Quarter 2006 CRA Examination Schedule
- The Office of the Comptroller of the Currency today released its schedule
of Community Reinvestment Act examinations to be conducted in the fourth
quarter of 2006.
www.occ.treas.gov/toolkit/newsrelease.aspx?Doc=QAQM1E3E.xml
September 1, 2006 - Foreign Exchange Rates - The Table Below Shows The
Average Rates Of Exchange In August 2006 Together With Comparable Figures
For Other Months. Averages Are Based On Daily Noon Buying Rates For Cable
Transfers In New York City Certified For Customs Purposes By The Federal
Reserve Bank Of New York.
www.federalreserve.gov/Releases/G5/Current/default.htm
September 1, 2006 - Chairman Ben S. Bernanke - Remarks - At the presentation
of the Order of the Palmetto, Dillon, South Carolina
www.federalreserve.gov/boarddocs/speeches/2006/20060901/default.htm |
