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Top Story Lending Related

08/14/2004

CCP winds down

The Government Accountability Office (GAO) has issued a report on the progress being made by Treasury to wind down the Capital Purchase Program (CCP). As of January 31, 2014, Treasury has sold all or part of its CPP investment in 162 institutions, with investments in 83 remaining. CPP was the primary tool for restoring stability to the U.S. financial system under the Troubled Asset Relief Program. It involved Treasury investments of almost $205 billion in 707 eligible institutions, and a total of 624 of the original 707 institutions have exited the program.

08/14/2004

Daylight overdrafts report

The Federal Reserve has released data on peak and average day daylight overdrafts and related fees.

08/14/2004

G.19 Consumer Credit report

The February 2014 G.19 Report of consumer credit outstanding and terms of credit has been released.

08/14/2004

Daylight overdrafts report

The Federal Reserve has released data on peak and average day daylight overdrafts and related fees.

08/14/2004

G.19 Consumer Credit report

The February 2014 G.19 Report of consumer credit outstanding and terms of credit has been released.

07/31/2004

Top Stories for August 2004

  • Check 21 Fees Announced By Reserve Banks

    The FRB has announced the Check 21 services that will be offered by the Federal Reserve Banks beginning October 28, 2004 along with the fees that will be charged for the respective services. Check 21 Services and Fees 8/31/04

  • Fourth Quarter FDIC CRA Exam Schedule Issued

    The FDIC has issued the schedule and names of the institutions that will be examined during the fourth quarter 2004 for compliance with CRA. A current list of the FDIC regional offices and contact information was also issued.
    Exam Schedule; Regional Offices 8/31/04

  • Counterfeit Cashier's Checks Special Alert

    The FDIC has issued a Special Alert regarding counterfeit cashier's checks drawn on Parkway Bank and Trust Company, Harwood Heights, Illinois. Information regarding the counterfeit cashier's checks has been posted on the BOL Alerts & Counterfeits page. 8/31/04

  • FDIC IT Strategic Plan Announced

    The FDIC has announced the agency's IT Strategic Plan for 2004-2007. IT Strategic Plan 8/31/04

  • UBPR Enhancements Announced

    The FFIEC has issued a memo that reviews the latest changes to the UBPR which enhance the export capabilities of the standard report and expands the capabilities of the peer custom report. UBPR Changes
    8/31/04

  • Greenspan Says Aging Population Impacts Global Economies

    Chairman Greenspan told the participants in a symposium in Jackson Hole, Wyoming sponsored by the Kansas City FRB that the economic implications of population aging will have a less dramatic impact on the US than that projected for other countries. He noted, however, that the effect of the expected doubling of the over-65 age category by 2035 could substantially increase budget deficits and reduce federal savings unless actions are taken. Speech 8/30/04

  • Fourth Quarter 2003 Quarterly Journal Now Online

    The OCC has posted the March 2004 issue of the Quarterly Journal which contains the data from the fourth quarter 2003. It is the first issue to be distributed only electronically. The "About OCC Section" contains an organizational chart and a complete list of comptrollers. The final documents on preemption and visitorial powers are also featured. Quarterly Journal 8/30/04

  • 2004 Host State Loan-To-Deposit Ratios Released

    The banking regulators have released the 2004 host state loan-to-deposit ratios that will be utilized to determine compliance with Section 109 of the Riegle-Neal Act that prohibits the establishment or acquisition of an out-of-state branch pimarily for deposit production. Section 109 Ratios; FRB PR; OCC PR; FDIC FIL 8/27/04

  • Nineteen FDIC Enforcement Orders Announced

    The FDIC has announced that nineteen enforcement orders were processed in July 2004 including two cease-and-desist orders, nine removal-and-prohibition orders, seven civil money penalty orders, and one termination of a cease-and-desist order.
    Enforcement 8/27/04

  • Revised IT Operations and Wholesale Payment Systems Guidance Released

    FFIEC has released two booklets containing revised guidance on IT operations and wholesale payment systems for institutions, examiners, and technology service providers. FFIEC PR; Operations Booklet; Wholesale Payment Booklet 8/27/04

  • Counterfeit Cashier's Checks Overload

    The FDIC has issued six Special Alerts regarding counterfeit cashier's checks drawn on six different banks. Information regarding each of counterfeit cashier's checks has been posted on the BOL Alerts & Counterfeits page. 8/27/04

  • FRB Site Gets Makeover

    The FRB has redesigned its home page and secondary pages by giving each a fresh new look while adding additional informational links. The "Breaking News" section now has a prominent location on the site and the "Recent Statistical Releases" section contains links to all releases. Education initiatives are also featured and search boxes have been added on all secondary pages.
    FRB Home Page 8/27/04

  • Earnings Approach Record Levels

    The FDIC released the Quarterly Banking Profile for the second quarter 2004 that indicates bank and thrift earnings were the second highest in history. Earnings; Quarterly Banking Profile 8/27/04

  • June G.20 Issued

    The June 2004 G.20 Finance Companies statistical release has been issued by the FRB.
    G.20 8/27/04

  • Five FEDS Papers Published

    The FRB has published five working papers in the FEDS series with the following titles: Do Liquidity Constraints Matter for New Entrepreneurs?; Is Moderate-To-High Inflation Inherently Unstable?; Monetary Policy and the Information Content of the Yield Spread; Expectation Traps in a New Keynesian Open Economy Model; and Competition, Product Differentiation and Quality Provision: An Empirical Equilibrium Analysis of Bank Branching Decisions.
    Liquidity Constraints; Inflation; Monetary Policy; Traps; Competition 8/27/04

  • Input Sought For National Financial Education Strategy

    Treasury has issued a require for public comments regarding the development of the national strategy for financial education.
    Financial Education Strategy 8/27/04

  • Fake Bank Web Site Exposed

    The OCC has identified a Web site that claims to be associated with the First National Bank of Bedrock, a fictitious bank. The site offers deposit accounts, investments, debit cards, and credit cards.
    Fake Bank 8/26/04

  • Three International Finance Discussion Papers Released

    The FRB has released three working papers in the International Finance Discussion series on the following topics: The ET Interview: Professor David F. Hendry; Does Monetary Policy Keep Up with the Joneses? Optimal Interest-Rate Smoothing with Consumption Externalities; and Is The Corporate Loan Market Globally Integrated? A Pricing Puzzle.
    ET;
    Monetary Policy;
    Corporate Loan 8/26/04

  • Second Quarter Charge-Off and Delinquency Report Issued

    The Charge-Off and Delinquency Rates on Loans and Leases at Commercial Banks Statistical Report for the second quarter 2004 has been issued by the FRB. Charge-Off 8/26/04

  • OCC Issues Bulletin Regarding Check 21 Final Rule

    A Bulletin has been issued by the OCC regarding the final Reg CC amendments and commentary implementing Check 21 previously announced by the FRB. Information regarding the Reg CC amendments and commentary was posted July 27, 2004 in BOL Top Stories. Bulletin; Final Rule 8/26/04

  • June UBPR Now Online

    The June 30, 2004 UBPR has been posted online by FFIEC. June UBPR
    8/26/04

  • Counterfeit Cashier's Checks Special Alert

    The FDIC has issued a Special Alert regarding counterfeit cashier's checks drawn on Banner Bank, Walla Walla, Washington. Information regarding the counterfeit cashier's checks has been posted on the BOL Alert's & Counterfeits page. 8/25/04

  • Foreign Banks Receive "Primary Money Laundering Concern" Designation

    Treasury has designated the First Merchant Bank of the "Turkish Republic of Northern Cyprus" and Infobank of Belarus as financial institutions of "primary money laundering concern," pursuant to Section 311 of the USA PATRIOT Act. In addition, FINCEN has issued two NPRMs that would prohibit covered financial institutions from establishing, maintaining, administering or managing directly or indirectly any correspondent account in the United States for or on behalf of either institution. Treasury Designation; First Merchant NPRM; Infobank NPRM 8/25/04

  • Fourteen Enforcement Actions Announced

    The OCC has announced fourteen Enforcement Actions that have been taken against national banks and individuals currently or formerly associated with national banks in Florida, Illinois, Texas, North Carolina, Ohio, and Tennessee. Enforcement Actions 8/25/04

  • Notices Of Prohibition Issued

    The FRB has issued a Notice of Prohibition against a Missouri and a New Jersey banker.
    Missouri Banker;
    New Jersey Banker 8/25/04

  • Liquidity Constraints Working Paper Released

    The FRB has released the latest working paper in the FEDS series entitled, "Do Liquidity Constraints Matter for New Entrepreneurs?
    Liquidity Constraints 8/25/04

  • Fall Outlook Identifies Recovery Signs

    The focus of the Fall 2004 FDIC Outlook is on commercial lending at FDIC-insured institutions and features an article that identifies emerging signs of a recovery in commercial and industrial lending. Fall 2004 Outlook 8/25/04

  • CRA "Small Bank" FIL Issued

    The FDIC has issued a FIL regarding the previously announced proposed rule which would amend the CRA definition of a "small bank". Information regarding the proposal was posted on the August 20, 2004 BOL Top Stories. FIL-96-2004 8/24/04

  • 2004 Preliminary Census File Finalized

    The FFIEC reports that the 2004 preliminary census file has been finalized and has posted it on its Web site.
    2004 Census File 8/24/04

  • Second Quarter TFR Data Released

    OTS has released the aggregated thrift financial report data for the second quarter 2004.
    TFR Data 8/24/04


  • Today's The Day For FairPay

    The Department of Labor's new FairPay regulations take effect on August 23, 2004. They implement the exemption from minimum wage and overtime pay for executive, administrative, professional, outside sales and computer employees.

    Department of Labor FairPay Web site

    FairPay Regulations

    FairPay Fact Sheet for Financial Services Industry Employees
    Online Department of Labor presentations explaining the new requirements 8/23/04

  • Forty-Five CRA Ratings Released

    The OCC has released the CRA ratings for forty-five national banks that were examined for CRA compliance in July and August 2004. Eight of the banks received an outstanding rating, with thirty-seven were deemed satisfactory. None were rated needs to improve or substantial nincompliance. CRA
    8/23/04

  • Insurance Funds Second Quarter Financials Released

    The FDIC has released the Second Quarter 2004 financial results for the BIF and SAIF funds. BIF and SAIF 8/23/04

  • FDIC PR on CRA Published in FR

    The proposed revisions to the CRA that would change the definition of ``small bank'' to raise the asset size threshold to $1 billion regardless of holding company affiliation has been published in the FR. 69FR51611 txt 69FR51611 pdf 8/20/04

  • Bulletin Issued Regarding Asset Change Final Rule

    The OCC has issued a Bulletin regarding the previously announced Final Rule which require a national bank to obtain the OCC's prior written approval before making two types of fundamental changes in the composition of the bank's assets. Information concerning the Final Rule was posted in the August 17, 2004 BOL Top Stories. Bulletin 2004-37 8/20/04

  • Hurricane Assistance FIL

    The FDIC has issued an FIL regarding the regulatory assistance available to financial institutions subject FDIC supervision concerning unusual lending circumstances, late filing of reports, delay in publication of notices, and Reg Z waivers.
    FIL-95-2004 8/20/04

  • Unauthorized Disclosure of SARs

    FinCEN's BSA Advisory Group has issued a statement regarding the unauthorized disclosure of the information contained in a SAR.
    Statement 8/20/04

  • Community Bank Lending Limit Pilot Program Extension Published in FR

    Published in the FR is a final rule announcing the extension and expansion of a pilot program that allows community national banks to lend up to the state limit in states that have lending limits higher than those available for federally-chartered institutions.
    Pilot Program 69FR51355 txt 69FR51355 pdf 8/19/04

  • HMDA Site Adds FAQs

    The HMDA Reg C Web site maintained by the St. Louis FRB has added a new section containing FAQs on the following topics: applicant information, application or loan data, pricing data, transition rules and type of purchaser.
    HMDA FAQs 8/19/04

  • Modification of "Community Development" Proposed By OTS

    OTS has announced that it intends to request comments on a proposal to modify the definition of "community development" for CRA purposes in an effort to encourage thrifts to participate in activities to revitalize and stabilize areas affected by natural disasters or other major community or regional disruptions. Proposal
    8/19/04

  • Schedule To Online UBPR Updated

    FFIEC has updated the schedule to online UBPR. Online Schedule 8/19/04

  • Second Quarter Thrift Industry Performance Reports Issued

    The OTS has issued the Second Quarter 2004 thrift industry performance reports regarding earnings, profitability, asset quality, and loan growth. Highlights; Charts; Selected Indicators 8/19/04

  • OTS CRA Rule Published in FR

    The final rule for the OTS modifying the existing “small institution” test for thrifts under CRA has been published in the FR.
    69FR51155 txt 69FR51155 pdf 8/18/04

  • Revision Of FFIEC 009 Proposed

    The OCC, FRB, and FDIC have issued a joint notice and request for comments regarding proposed changes to the Country Exposure Report (FFIEC 009) and the Country Exposure Information Report (FFIEC 009a).
    Notice
    Forms and Instructions 8/18/04

  • National Banks Encouraged to Work With Hurricane Victims

    The OCC is encouraging national banks to work with hurricane victims by taking actions that will help them recover their financial strength and enable them to be in a better position to repay their debts. Victims 8/18/04

  • NCUA Activates Disaster Relief Policy

    NCUA has activated its disaster relief policy to assist credit unions and members in areas damaged by Bonnie and Charlie.
    Disaster Relief 8/18/04

  • International Reserve Position

    Treasury has released the U.S. International Reserve Position for the week ending August 13, 2004.
    International Reserve 8/18/04

  • G. 17 Report Released

    The FRB has released the July 2004 G. 17 Industrial Production and Capacity Utilization report.
    G. 17 8/18/04

  • FDIC Seeks Additional CRA Comments

    The FDIC previously sought comments regarding a proposed rule that would increase the small institution threshold to $500 million from $250 million. After reviewing the more than 900 comment letters received, the FDIC decided to issue a new proposal and solicit additional comments on the impact of changing the definition of a small institution to include those with total assets of up to $1 billion, regardless of holding company affiliation. Memo To FRB Board; FR Notice Draft 8/17/04

  • September HOEPA Reference Rates

    The Federal Reserve has posted the new reference rates which lenders must use to determine if loans for which applications are received in September 2004 will be subject to HOEPA under the APR trigger test. Use the FRB H.15 to find applicable release which lists the Treasury Security with the same maturity term as your loan. To make the calculation, you use the yield in effect on the 15th of the month that precedes the month you received the application. For September, you will use the rates posted on August 13th since August 15th fell on the weekend. H.15 Weekly Rates
    8/17/04

  • Seventh Issue of The SAR Activity Review Released

    FinCEN has released the seventh issue of The SAR Activity Review - Trends, Tips & Issues which contains an analysis of the suspected use of shell corporations and banks by European criminals to launder money. SAR Activity Review 8/17/04

  • June OTS CRA Ratings Released

    OTS has released the thrift CRA ratings for June 2004. CRA Ratings 8/17/04

  • Final Rule Issued Regarding Changing Composition Of Bank Assets Published in FR

    The OCC has issued a Final Rule for national banks that substantially change the composition of their assets through a sale or other disposition to become a dormant or “stripped” charter. In certain transactions, prior OCC approval is required. This rule has been published in the FR.
    69FR50293 txt 69FR50293 pdf 8/17/04

  • June TIC Data Released

    Treasury has released the Treasury International Capital Data for June 2004. TIC Data 8/17/04

  • Banking Lending Practices Survey Results

    The FRB has released the results of the July 2004 Senior Loan Officer Opinion Survey on bank lending practices regarding changes in the supply of, and demand for, bank loans to businesses and households over the past three months.
    Survey 8/17/04

  • Average Cost Of Funds Data Updated

    OTS has updated the historical and current national average cost of funds ration to OTS regulated, SAIF insured institutions reports. Historical; Current 8/17/04

  • Thrifts Urged To Assist Hurricane Victims

    OTS has issued a statement that efforts by thrifts to modify existing loans in the areas impacted by the damage from Hurricane Charley will be given due consideration by thrift examiners. The agency indicated that it will work with thrifts to identify ways to assist their customers’ and their communities’ recovery efforts. Additional disaster relief guidelines are found in OTS Bulletin 71. Hurricane Relief; Bulletin 71 8/17/04

  • Reg Z Dollar Amounts Published in FR

    The FRB is required to adjust annually the dollar amount that triggers requirements for certain home mortgage loans bearing fees
    above a certain amount. The adjusted dollar amount for 2005 is $510. 69FR50298 txt 69FR50298 pdf 8/16/04

  • 314a Fact Sheet Published

    FinCEN has published a fact sheet which contains an overview of 314a activity including the number of agency requests processed and subjects of interest identified along the law enforcement actions taken as a result the information provided.
    314a Fact Sheet 8/16/04

  • Sale Of Unregistered Securities Alert

    The OCC has issued an Alert regarding the sale of unregistered securities by unlicensed persons. A copy of a cease-and desist order issued by a state regulator was attached to the Alert.
    Alert;
    C&D Order 8/16/04

  • FDIC June Enforcement Actions Released

    The FDIC has announced that fifteen enforcement actions were processed in June 2004. They included five removal and prohibition orders, five civil money penalty orders, two terminations of insurance orders, two orders terminating orders to cease and desist, and one adjudicated decision. Orders 8/16/04

  • Two Bankers Receive Suspension and Prohibition Orders

    The FDIC has issued Suspension and Prohibition Orders against New Jersey and Missouri bankers.
    Orders 8/16/04

  • OFAC FIL Issued

    The FDIC has issued an FIL regarding previously announced changes to the OFAC List. Information concerning the changes was posted August 10, 2004 on the BOL OFAC page. FIL-94-2004 8/16/04

  • Annual Adjustment To TILA Trigger Published

    The FRB has published the annual adjustment of the dollar amount that triggers additional disclosure requirements under TILA for home mortgage loans that bear rates or fees above a certain amount. Trigger Adjustment 8/13/04

  • National Banks May Close For Hurricanes

    The OCC has issued a proclamation allowing national bank offices affected by Hurricanes Bonnie and Charley to close at their discretion. Closing 8/13/04

  • CRA Rule Finalized By OTS

    OTS has issued a final rule, effective October 1, 2004, modifying the existing “small institution” test for thrifts under CRA.
    CRA Rule 8/13/04

  • Regulators File Brief In California SB1 Case

    Six federal regulatory agencies have filed an amicus curiae brief in support of an appeal of a California Federal District Court decision upholding provisions of a California law that impose restrictions on the sharing of a customer’s information between a financial institution and its affiliates. The lawsuit and appeal, filed by the ABA, the CBA and the Financial Services Roundtable, assert that the California Financial Information Privacy Act, commonly referred to as “SB1,” is contrary to applicable federal law. Brief 8/13/04

  • NCUA Liquidates Ohio CU

    The NCUA has announced that Appalachian Development Federal Credit Union of Nelsonville, Ohio, has been placed into liquidation.
    Liquidation 8/13/04

  • New HMDA FAQs Online

    The FFIEC has posted online new Q & As and revised answers to previous addressed questions regarding property type; action taken; preapprovals; and sex, race, and ethnicity. HMDA FAQs 8/12/04

  • Guidance On Classification Of Business Entities Organized In Multiple Jurisdictions

    Treasury has issued temporary and proposed regulations regarding the proper classification for federal tax purposes of business entities organized in multiple jurisdictions. Temp Regs;
    Proposed Regs 8/12/04

  • International Reserve Position Updates

    Treasury has updated the U. S. International Reserve Position report to include data as of August 6, 2004.
    International Reserve 8/12/04

  • Cuban SDN Entries Change

    OFAC has added one Cuban entry to the SDN list while removing two others. Information regarding the changes can be found on the BOL OFAC page. 8/11/04

  • Rates Rise

    The FOMC of the FRB has raised the target rate for fed funds and approved the discount rate requests submitted by the Federal Reserve Banks. FRB PR 8/11/04

  • FRB Notice of FACTA Study Published

    The Federal Reserve Board's Notice of Study and Request for Information on investigations by furnishers of consumer information to consumer reporting agencies has been published in the Federal Register. The comment deadline is September 17, 2004. 69FR48494 (txt) 69FR48494 (pdf)8/10/04

  • FDIC Hosts Discussions on Bank Tech Challenges

    Mark your calendars for August 31, 2004. FDIC will host panel discussions on the challenges financial institutions face when dealing with the latest technology trends. Some of the subjects to be addressed include ID theft, electronic scams, non-bank owned ATMs and offshore outsourcing. Announcement 8/10/04

  • OFAC Publishes Request for Comment

    OFAC has published a request for comments on the effectiveness of its licensing procedures implementing the Trade Sanctions Reform and Export Enhancement Act of 2000 for the exportation of agricultural commodities, medicine, and medical devices to Sudan, Libya, and Iran. 69FR48183 (txt) 69FR48183 (pdf)8/10/04

  • Three Counterfeit Cashier's Checks Alerts

    FDIC has published three new alerts relating to reports of counterfeit cashier's checks that purport to be drawn on AmericaWest Bank (the real bank's name is AmericanWest), Chittenden Trust Company, and First Commercial Bank of Florida. SA-51-2004;
    SA-50-2004;
    SA-49-2004 8/10/04

  • FRB Releases Working Papers

    New working papers in the Financial and Economics Discussion Series, 2004-39 through 2004-41, have been released by the Federal Reserve Board. 2004 FEDS Papers 8/10/04

  • Enhancements for FedACH Services

    The Federal Reserve Financial Services has implemented new enhancements for FedACH Services via FedLine Web. Users should experience greater functionality when gathering FedACH activity online or deriving returns and NOCs. Announcement 8/10/04

  • OCC Warns of Fake Bank Web Site

    The Office of the Comptroller of the Currency has identified a Web site claiming to be associated with a national bank named Bank of NG, N.A. Neither the OCC nor any state banking authority has authorized the subject entity to operate as a bank. Alert 2004-17 8/10/04

  • Pop-up Ad Spammers Settle FTC Charges

    An operation that used a feature called the “Windows Messenger Service,” which is part of the Microsoft Windows operating system, to barrage consumers’ computers with pop-up ads for the pop-up blocking software they sold has agreed to settle Federal Trade Commission charges that their marketing methods violated federal laws. Press Release 8/10/04

  • OFAC Penalties, Plus Libya General License

    OFAC has issued an amended general license under the Libyan Sanctions Regulations. Plus, 15 OFAC penalty actions against financial institutions have been announced. All the details can be found on the BOL OFAC page. 8/10/04

  • FRB Studies Adequacy of Investigations

    Pursuant to its obligation under the FACT Act, the Federal Reserve Board is conducting a study on the adequacy of investigations of disputed consumer information reported to consumer reporting agencies. Comments are being solicited in connection witht he study. Press Release Notice of Study 8/9/04

  • G.19 Statistical Release Published

    The Federal Reserve has posted the latests G.19 Statistical Release on Consumer Credit. G.19 Statistical Release 8/9/04

  • New Guidelines for Depositing Checks with Reserve Banks

    Effective September 1, 2004, new guidelines will take effect for depositing checks with Federal Reserve Banks.
    Guidelines 8/9/04

  • Health Savings Accounts Information Posted

    The IRS has posted a number of documents with information about Health Savings Accounts. The Medicare Prescription Drug, Improvement, and Modernization Act of 2003 created a new, tax-advantaged way for certain people to save for health care expenses. To be eligible to open and contribute to a Health Savings Account (HSA), an individual must be covered by a high-deductible health plan. Notice 2004-2 (updated) 88 Q&As on HSAs 8/9/04

  • IRS Offers New Email Service

    Tax professionals and others interested in federal taxation can have technical guidance from the IRS e-mailed to them.
    IR 2004-105 8/9/04

  • FRB To Study Disputed Credit Report Investigations

    The FRB has announced that it is conducting a study on the adequacy of investigations of disputed consumer information reported to consumer reporting agencies. In connection with the study, the regulator is soliciting public comment on issues that will assist in the preparation of the study. Study 8/6/04

  • CRA Exam Results Released

    The FDIC has released the August list for banks examined for CRA compliance. CRA 8/6/04

  • NCUA Issues Prohibition Orders

    Orders of Prohibition have been issued by NCUA against seven individuals which prohibit them from participating in any manner in the affairs of any federally insured financial institution. Orders 8/6/04

  • 2004 Median Family Income Numbers Available

    The FFIEC has posted the HUD 2004 Estimated Metropolitan Area Median Family Income Numbers on line. 2004 8/6/04

  • Don't Forget The Terrorist Hotline

    The FinCEN has issued a reminder that financial institutions can utilize a special number to report suspicious transactions that may be related to terrorist activity. Hotline 8/6/04

  • Corrections Made To Basel II Study

    The FDIC has made online corrections to the FYI dated December 8, 2003, titled "Estimating the Capital Impact of Basel II in the United States". Due to an error, the paper's estimates of capital requirements for wholesale lending were lower than what the underlying assumptions and methodology should have implied.
    FYI 8/6/04

  • FTC Consumer Fraud Survey Released

    The FTC has release the results of a survey of fraud in the United States that indicates that 25 million adults or 1 in 10 were victims in the year studied. Fraud Survey 8/6/04

  • "Related Organizations" Handbook Published By OCC

    The OCC has published a new 107 page booklet in the Comptroller's Handbook Series entitled " Related Organizations", which helps bankers and examiners to understand the risks of relationships with entities such as affiliates and subsidiaries. Improperly managed relationships with such organizations have been a factor in many bank failures. Related Organizations" 8/5/04

  • International Reserve Position

    Treasury has released the U.S. International Reserve Position report for the week ending July 30, 2004.
    International Reserve 8/5/04

  • Check 21 Final Rule published in Federal Register Check 21 rules which amend Reg CC and add a new subpart have been published in the Federal Register. Final Rule; Text 8/4/04
  • OFAC Adds To And Subtracts From SDN List

    OFAC has announced the addition of new entries to the SDN List with the IRAQ2 designation while deleting and modifying existing SUDAN entries. Information regarding the changes has been posted on the BOL OFAC page. 8/3/04

  • Written Agreement With West Virginia Bank Announced

    The FRB and the West Virginia Division of Banking have announced that a Written Agreement has been entered into with Traders Bank, Spencer, West Virginia. Written Agreement 8/3/04

  • FRB To Close Check Processing Sites

    Changes announced by the FRB to its check processing operations will result in the closing of nine current processing sites. The changes, which will occur in 2005 and 2006, are part of the FRB response to the increasing substitution of electronic payments for paper checks. A fact sheet, issued by the FRB, details the changes. Check Processing;
    Restructuring Fact Sheet
    8/3/04

  • July Foreign Exchange Rates Released

    The FRB has released the G.5 Foreign Exchange Rates report for July 2004.
    Foreign Exchange Rates 8/3/04

  • Market Financing Estimates Announced

    Treasury has announced the market financing estimates for the Third and Fourth Quarters 2004.
    Estimates 8/3/04

  • Department of Homeland Security Remarks made by Secretary of Homeland Security Tom Ridge Regarding Recent Threat Reports (August 1, 2004) - having new and unusually specific information about an al-Qaeda attack, the United States Government is raising the threat level to Orange for the financial services sector in New York City, Northern New Jersey and Washington, DC. This will allow us to increase protection in and around those buildings that require it, and also raise awareness for employees, and residents, and customers, and visitors. Read Remarks 8/2/04
  • HUD Multifamily Rental Projects and Health Care Facilities: Regulatory Revisions

    This proposed rule would amend certain Federal Housing Administration (FHA) regulations to update these regulations to reflect current HUD policy in the area of multifamily rental projects and health care facilities. Proposed Rule 8/2/04

  • Executive Order Removes Names From OFAC List

    President Bush has issued an Executive Order that eliminates a previously declared national emergency regarding Iraq, modifies the restrictions on certain transactions, grants new general licenses, and removes names from the OFAC SDN List. Information regarding the Executive Order has been posted on the BOL OFAC page. Executive Order
    8/2/04

  • Counterfeit Cashier's Checks Special Alert

    The FDIC has issued a Special Alert regarding counterfeit cashier's checks drawn on People's Bank, Bridgeport, Connecticut. Information regarding the counterfeit cashier's checks have been posted on the BOL Alerts & Counterfeits page. Special Alert 8/2/04

07/14/2004

CRA ratings released

The FDIC has released the ratings received by state nonmember banks recently evaluated for compliance with the Community Reinvestment Act (CRA). Of the 91 banks examined, 5 received an Outstanding rating and 86 received a rating of Satisfactory.

07/14/2004

Large Commercial Banks report

The list of insured U.S.-chartered commercial banks that have consolidated assets of $300 million or more, ranked by onsolidated assets as of December 31, 2013, has been released by the Federal Reserve.

07/14/2004

March Housing Scorecard

Treasury published the Administration's March 2014 Housing Scorecard, a comprehensive report on the U.S. housing market. The release indicates the housing market continues to show signs of improvement.

07/14/2004

Minority-Owned Banks report

The Federal Reserve Board has released the list of minority-owned financial institutions and their branches as of December 31, 2013.

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