The Reg D Amendments The Reg D Amendments approved by the FRB on May 20, 2009 are effective today. The new rules increase the permissible transactions from savings accounts, that are made by check, draft, debit card or similar order and payable to third parties. These were restricted to three, prior to this change, and now may be any number of the six withdrawals allowed. Amendments 7/02/09
Counterfeit Cashier's Checks Special Alert
A Special Alert has been issued by the FDIC regarding counterfeit cashier's checks bearing the name of the Bank of Gassaway, Gassaway, WV. Information concerning the counterfeit cashier's checks has been posted on the Alerts & Counterfeits page. 7/02/09
OFAC CMPs Released
The civil money penalties (CMPs) recently imposed against entities for violations of the various OFAC Sanctions Programs have been released. No financial institutions were cited. CMPs 7/02/09
SDGTs Added and SDNTs Removed from OFAC List
The names of four individuals designated as Specially Designated Global Terrorists (SDGT) have been added and the names of forty-nine individuals designated as a Specially Designated Narcotics Trafficker (SDNT) have been removed from the OFAC SDN List. Information regarding the additions and the deletions has been posted on the OFAC page. 7/02/09
Collection of California Registered Warrants
The FRB Financial Services has issued information regarding the collection of State of California Registered Warrants. Warrants 7/02/09
Paper Check Adjustment Requests Pricing Announced
The Federal Reserve Banks have announced the pricing of paper check adjustment requests and documents to follow. Pricing 7/02/09
FDIC Announces Deceptive and Unfair Practices Settlement
A settlement and cease and desist order with Advanta Bank Corporation, Draper, UT for deceptive and unfair practices in violation of the FTC Act has been announced by the FDIC. Settlement; C&D Order 7/02/09
Regulatory Conversions Statement Issued
The FFIEC has issued a Statement on Regulatory Conversions to reaffirm that the supervisors are unified in their approach to regulatory conversions. Statement 7/02/09
First Quarter Charge-Off Rates
The OTS has released the Thrift Industry Charge-Off Rates for the first quarter 2009. Rates 7/02/09
Exchange Rates Report Released
The G.5 Foreign Exchange Rates Report for June, 2009, has been released by the FRB. G.5 7/02/09
Posted July 1, 2009
Korean Entities Added to OFAC List
Two entities involved in North Korea's missile proliferation network have been added to the SDN List by the Treasury with the Nonproliferation of Weapons of Mass Destruction (NPWMD) designation. Information regarding the entities has been posted on the OFAC page. 7/01/09
FDIC Announces American Express Bounced Convenience Check Settlement
The FDIC has announced a settlement with American Express Centurion Bank, Salt Lake City, UT, for unfair practices in violation of the Federal Trade Commission (FTC) Act. American Express Centurion Bank stipulated to a cease-and-desist order and agreed to pay a civil money penalty and reimburse more than 14,000 convenience check users for possible bounced check fees. C&D Order; Settlement 7/01/09
Second Quarter 2009 Call Report FIL
A FIL has been issued by the FDIC containing information concerning the second quarter 2009 Call Report. FIL 7/01/09
Joint Agencies Publish Final Rule in FR for Procedures to Enhance the Accuracy and Integrity of Information Furnished to Consumer Reporting Agencies
The OCC, Board, FDIC, OTS, NCUA, and FTC (Agencies) are publishing these final rules to implement the accuracy and integrity and direct dispute provisions in section 312 of the Fair and Accurate Credit Transactions Act of 2003 (FACT Act) that amended section 623 of
the Fair Credit Reporting Act (FCRA). The final rules implement the requirement that the Agencies issue guidelines for use by furnishers regarding the accuracy and integrity of the information about consumers that they furnish to consumer reporting agencies (CRAs) and prescribe regulations requiring furnishers to establish reasonable policies and
procedures for implementing the guidelines. These final rules also implement the requirement that the Agencies issue regulations identifying the circumstances under which a furnisher must reinvestigate disputes about the accuracy of information contained in a
consumer report based on a direct request from a consumer. TXT; PDF 7/01/09
Joint Agencies Propose Rulemaking for Guidelines for Furnishers of Information to Consumer Reporting Agencies
The OCC, Board, FDIC, OTS, NCUA, and FTC (Agencies) request comment to gather information that would assist the Agencies in considering the development of a possible proposed addition to the furnisher accuracy and integrity guidelines that were issued in today's
Federal Register. TXT; PDF 7/01/09
FFIEC Call Report Forms
The FFIEC 031 and 041 pages have been updated by adding the Optional Worksheet for Calculating Call Report Applicable Income Taxes - June 2009 (PDF), and the June 2009 Quarterly Call Report and Supplemental Instructions. Worksheet; Supplemental Instructions 7/01/09
Funding and Liquidity Risk Management Proposed Guidance
The federal bank, thrift, and credit union regulatory agencies are seeking comment on their proposed Interagency Guidance on Funding and Liquidity Risk Management which brings the agencies' liquidity risk principles into alignment with the international guidance issued in September 2008, by the Basel Committee on Banking Supervision. Proposed Guidance; FRB PR; OCC NR; OTS PR; FDIC FIL; NCUA PR 7/01/09
Written Agreement with Illinois BHC
The FRB has announced the execution of a Written Agreement by and between AMCORE Financial, Inc., Rockford, IL, a registered bank holding company, and the Federal Reserve Bank of Chicago. Agreement 7/01/09
314(a) Fact Sheet Updated
The FinCEN has updated the 314(a) Fact Sheet with data current as of June 30, 2009. 314(a) 7/01/09
Credit Auction Results
The results of the auction of $150 billion in 28-day credit held on June 29, 2009, have been released. Auction 7/01/09
Mortgage Metrics Report Released
The OCC and the OTS have released the Mortgage Metrics Report for First Quarter 2009, and the Loan Level Data Collection Field Definitions. Report; Field Definitions; OTS PR; OCC NR 7/01/09
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