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The Treasury Department has announced a Request for Information (RFI) seeking public comment on the evolving structure of the market for U.S Treasury securities. Treasury is asking stakeholders for their views about changes in Treasury market structure, the implications for market functioning, and risk management policies and practices. Treasury also seeks views on the most effective means of providing additional information about Treasury market activity to the official sector on a regular and ongoing basis. This RFI is the most comprehensive review of the Treasury market since the 1998 Joint Study of the Regulatory System for Government Securities. The RFI will be published in the Federal Register this week, with a 60 day comment period.

FDIC FIL-6-2016, issued yesterday, announced that six identical live seminars on FDIC deposit insurance coverage will be conducted for bank employees and bank officers between February 23 and December 5, 2016. In addition, three separate deposit insurance coverage seminars for bank officers and employees are now available on the FDIC's YouTube channel. The free live seminars will last approximately 75 minutes and include a question-and-answer session with FDIC subject matter experts.

OCC Bulletin 2016-2 and FDIC FIL-5-2016 have announced the issuance of an Interagency Guidance by the OCC, FRB, and FDIC supporting the principles and expectations set forth in the March 2014 Basel Committee on Banking Supervision (BCBS) supervisory guidance on external audits of internationally active banks. The OCC Bulletin notes that it does not apply to community banks, and the FDIC's notice indicates it does not apply to institutions with total assets of less than $1 billion.

FedACH Services has posted a list of frequently asked questions (FAQs) on the upcoming September 23, 2016, NACHA Same Day ACH Rule change. The FAQ will be updated as additional information becomes available.

The Dodd-Frank Act requires that bank holding companies with total consolidated assets of $50 billion or more and nonbank financial companies designated by the Financial Stability Oversight Council (FSOC) for supervision by the Federal Reserve periodically submit resolution plans to the Federal Reserve and the FDIC. Each plan, commonly known as a living will, must describe the company's strategy for rapid and orderly resolution in the event of material financial distress or failure of the company, and include both public and confidential sections. The public portions of the most recent plans have been released by the Federal Reserve Board.

On Sunday, Treasury announced that OFAC designated 11 entities and individuals involved in procurement on behalf of Iran’s ballistic missile program. Mabrooka Trading Co LLC (Mabrooka Trading), based in the United Arab Emirates (UAE), and its China- and UAE-based network were sanctioned for their involvement in procuring goods for Iran’s ballistic missile program This network obfuscated the end user of sensitive goods for missile proliferation by using front companies in third countries to deceive foreign suppliers. Also designated Sunday were five Iranian individuals who have worked to procure ballistic missile components for Iran. For further information see our OFAC Update.

Federal Reserve Financial Services has posted a reminder of the new phone number—(877) 372-2457—for FedACH Services Central Operations Support (COS), which became operational on January 4, 2016. The group is also using a new name: FedACH and Check Customer Support.

Treasury’s Bureau of Financial Services has updated The Guide To Cashing Savings Bonds (Guide) with the release of a more interactive PDF version. It provides official guidance for financial institutions on cashing savings bonds. The Guide describes the procedures for verifying and documenting the identity of a customer redeeming savings bonds and lists acceptable forms of identification. The new version replaces all previous versions of the document, including The Quick Start Supplement to The Guide To Cashing Savings Bonds, which has been decommissioned.

The notice of the January 21, 2016, open meeting of the FDIC Board of Directors has been posted. The discussion agenda includes a memorandum and resolution on a Notice of Proposed Rulemaking on Deposit Insurance Assessments for Small Banks.

The FDIC issued FIL-4-2016 to announce that its Division of Depositor and Consumer Protection (DCP) will host a one-hour webinar, "Help Encourage Individuals and Families to Save," on February 3, 2016, starting at 3:00 p.m. ET. The presentation will highlight strategies and approaches for institutions to consider that encourage savings in conjunction with America Saves Week. Registration is open until February 1.