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Federal Reserve Services has announced the update of the Excess Balance Account (EBA) FAQs. A new section, "Account Management Practices and Sweeping," addresses questions raised by common account management practices between EBA agents and participants. Additional information is available at the Excess Balance Account Resource Center.
 

The NCUA has announced the addition of new information regarding ways to combat identity theft to MYCreditUnion.gov, its consumer web site. The site also contains other resources to help credit union members understand and prevent identity theft and other frauds and scams.
 

A proclamation has been issued by the Office of the Comptroller of the Currency allowing national banks and federal savings associations at their discretion to close offices affected by extreme winter weather in the northeast United States.
 

The Illinois Department of Finance and Professional Regulation, Division of Banking has closed Highland Community Bank, Chicago, Illinois. The FDIC was appointed receiver and all deposits have been assumed by United Fidelity Bank, fsb, Evansville, Indiana.
 

Federal Reserve Financial Services has announced that the scheduled move of the Federal Reserve E-Payments Routing Directory has been postponed. The original move date was January 25, 2015. A new effective date for the move is to be determined.
 

The FDIC has updated the data on its Professional Liability Lawsuits page to indicate that 14 such suits have been filed thus far in January 2015. As receiver for a failed financial institution, the FDIC may sue professionals who played a role in the failure of the institution in order to maximize recoveries. These individuals can include officers and directors, attorneys, accountants, appraisers, brokers, or others. Professional liability claims also include direct claims against insurance carriers such as fidelity bond carriers and title insurance companies. From January 1, 2009, through January 22, 2015, the FDIC has authorized suits in connection with 149 failed institutions against 1195 individuals for D&O liability.
 

The OCC has issued Bulletin 2015-5 to announce the addition of a new "Government Securities Act" booklet to the Comptroller's Handbook. As part of the Securities Compliance series, the new booklet consolidates certain guidance from the Comptroller's Handbook for Compliance "Securities Activities" booklet, issued in September 1991, and the Comptroller's Handbook booklet "Investment Securities," issued in March 1990.
 

The OCC has issued Alert 2015-3 concerning counterfeit cashier's checks using the routing number of The Bank, N.A., McAlester, Oklahoma. The checks are being presented for payment nationwide in connection with various Internet-based employment and purchase scams. Two variations of counterfeit checks currently in circulation resemble the bank's authentic checks. Information regarding the counterfeit checks will be posted on the BOL Alerts & Counterfeits pages.
 

The NCUA has announced that 31 federally insured credit unions subject to civil money penalties for filing third-quarter 2014 Call Reports late have consented to those penalties. The late filers will pay a total of $12,820 in penalties.
 

The Federal Reserve Board has posted the 2014 Fourth Quarter Payment System Risk data. The report charts the peak and average daylight overdrafts and related fees.