Bank Regulatory News
April 2003
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April
30, 2003 - NCUA - Opinion Letter - FCU
Facilitating City Loan Program; 02-1217 http://www.ncua.gov/ref/opinion_letters/2002/02-1217.htm
April 30, 2003 - Treasury and Federal Financial Regulators Issue Final Patriot
Act Regulations on Customer Identification - The Department of the Treasury, the
Financial Crimes Enforcement Network, and the seven federal financial regulators
today issued final rules that require certain financial institutions to
establish procedures to verify the identity of new accountholders. www.federalreserve.gov/boarddocs/press/bcreg/2003/200304302/default.htm
April 30, 2003 - The Federal Reserve Board on Wednesday announced the execution
of a Written Agreement by and among the HSBC Bank USA, Buffalo, New York, the
Federal Reserve Bank of New York, and the New York State Banking Department. www.federalreserve.gov/boarddocs/press/Enforcement/2003/20030430/default.htm
April 30, 2003 - NCUA - FCU Facilitating City Loan Program www.ncua.gov/ref/opinion_letters/2003_letters/02-1217.htm
April 30, 2003 - NCUA - Purchase and Safekeeping of Certificates of Deposit www.ncua.gov/ref/opinion_letters/2003_letters/03-0157.htm
April 30, 2003 - Follow-up to the semiannual monetary policy report to the
Congress - Testimony of Chairman
Alan Greenspan Before the Committee on Financial Services, U.S. House of
Representatives April 30, 2003 www.federalreserve.gov/boarddocs/hh/2003/april/testimony.htm
April 30, 2003 - Banking Agencies Announce Publication of Basel Accord
Consultative Paper - The Basel Committee on Banking Supervision, based in Basel,
Switzerland, released its third consultative paper on the new Basel Capital
Accord for comment on April 29, 2003. The paper seeks to continue the
consultation process on revising the 1988 Capital Accord. Comments are invited
by July 31, 2003.
www.federalreserve.gov/boarddocs/press/bcreg/2003/20030430/default.htm
www.fdic.gov/news/news/financial/2003/fil0331.html
www.occ.treas.gov/ftp/release/2003-34.htm
April 29, 2003 - Chicago Fed Announces 2003 Advisory
Council Members - The Federal Reserve Bank of Chicago today named 20 business,
agriculture and labor leaders to serve as members of the Bank's 2003 Seventh
District Advisory Council. www.chicagofed.org/newsandevents/pressreleases/2003/pr04292003.cfm
April 29, 2003 - NCUA - Community
Development Revolving Loan Fund's Student Intern Program www.ncua.gov/ref/letters/2003/03-FCU-03.pdf
April 29, 2003 - NCUA - Survey Says
Risk-Focused Exam Well-Received - Credit
unions give new NCUA exam high marks on first satisfaction survey since
implementing risk-focused exam program. www.ncua.gov/news/press_releases/2003/NR03-0428-2.htm
April 29, 2003 - The Federal Reserve Board on Tuesday announced the execution of
a Written Agreement by and among BANKFIRST Corporation, Sioux Falls, South
Dakota, a registered bank holding company, and its subsidiary bank, BANKFIRST,
also of Sioux Falls, South Dakota, and the Federal Reserve Bank of Minneapolis. www.federalreserve.gov/boarddocs/press/Enforcement/2003/20030429/default.htm
April 28, 2003 - FDIC Issues Removal And Prohibition Order And Civil Money
Penalty Against Former Texas Banker - The
Federal Deposit Insurance Corporation (FDIC) has issued a removal and
prohibition order and imposed a civil money penalty against Mary Christine
Gonzales. www.fdic.gov/news/news/press/2003/pr3803.html
April 25, 2003 - Basel II: A case study in
risk management - At the Risk Management Workshop for Regulators,
The World Bank, Washington, D.C. www.federalreserve.gov/boarddocs/speeches/2003/20030428/default.htm
April 25, 2003 - Proposals for Comment
- The following proposals were recently made available for public comment.
www.federalreserve.gov/generalinfo/foia/ProposedRegs.cfm
___________
April
24, 2003 - Federal Reserve's Role in Keeping Inflation Low Aids U.S. Financial
Stability: St. Louis Fed's Poole - Despite several shocks to the U.S. financial
system in recent years, the Federal Reserve has been successful in helping to
keep inflation low and stable, according to William Poole, Federal Reserve Bank
of St. Louis president. www.stlouisfed.org/news/releases/2003/04_24_03.htm
April 24, 2003 - NCUA - Share Account Overdrafts - 12 C.F.R. §701.21(c)(3) www.ncua.gov/ref/opinion_letters/2003_letters/03-0232.htm
April 24, 2003 - NCUA - Accuracy of
Advertising and Notice of Insured Status http://www.ncua.gov/news/proposed_regs/740final04242003.pdf
April 24, 2003 - FDIC Makes Public March Enforcement Actions; No Administrative
Hearings Scheduled www.fdic.gov/news/news/press/2003/pr3703.html
April 24, 2003 - Chairman Donald E. Powell Federal Deposit Insurance Corporation
- Remarks To The FDIC Corporate Sector Roundtable New York, NY April 24, 2003 www.fdic.gov/news/news/press/2003/pr3603.html
April 24, 2003 - FDIC Chairman Sees Trend Toward Improved Credit Quality - In
Commercial And Industrial Loan Portfolios - The Chairman of the Federal Deposit Insurance Corporation today said
there are signs that the rapid increases in problem commercial credits at large
banks over the past two years are beginning to slow, and predicted a
"substantial trend" toward improved credit quality in bank commercial
and industrial loan portfolios. www.fdic.gov/news/news/press/2003/pr3503.html
April 24, 2003 - Finance and Economics
Discussion Series - 2003 FEDS
papers www.federalreserve.gov/pubs/feds/2003/index.html
April 24, 2003 - Will Business
Investment Bounce Back? - Remarks by Governor Ben S. Bernanke Before the
Forecasters Club, New York, New York www.federalreserve.gov/boarddocs/speeches/2003/200304242/default.htm
April 24, 2003 - Loan Guarantee Programs
- Remarks by Governor Edward M. Gramlich before the National Economists
Club, Washington, D.C. www.federalreserve.gov/boarddocs/speeches/2003/20030424/default.htm
April 23, 2003 - The Federal Financial Institutions Examination Council
announced today several appointments to its State Liaison Committee. www.ffiec.gov/press/pr042303.htm
April 23, 2003 - Statement by Federal Reserve Chairman Alan Greenspan in
response to the President's comments on his term in office: www.federalreserve.gov/boarddocs/press/other/2003/20030423/default.htm
April 23, 2003 - OCC issues
interpretive letter approving Bank of America, N.A.'s request to expand its
financial intermediation business to include customer-driven, electricity
derivative transactions that involve transfers of title to electricity.
www.occ.treas.gov/interp/may03/int962.pdf
April 23, 2003 - Regulators Issue Guidance on the Risks of Weblinking
- Four financial services
regulatory agencies today issued guidance to assist financial institutions in
identifying and managing the potential risks involved in the use of weblinks. A
weblink transports a viewer to a different part of a website or to another
website.
www.occ.treas.gov/ftp/release/2003-33.htm
www.fdic.gov/news/news/press/2003/pr3403.html
www.fdic.gov/news/news/financial/2003/fil0330.html
www.ots.treas.gov/docs/77315.html
www.ncua.gov/news/press_releases/2003/Joint0423-.htm
April 23, 2003 - Beige Book - Informal
review by the Federal Reserve Banks of current economic conditions in their
Districts www.federalreserve.gov/fomc/beigebook/2003/20030423/default.htm
April 23, 2003 - Guidance Regarding Restrictions on Institutions in Troubled
Condition - The purpose of this SR letter is to remind Reserve Bank
examination and applications staff about these restrictions and to ensure that
banking organizations subject to the restrictions are fully aware of them and
have monitoring programs in place to ensure compliance with the statutory
requirements regarding certain payments and appointments. www.federalreserve.gov/boarddocs/srletters/2003/sr0306.htm
April 23, 2003 - Amended Interagency Guidance on the Internal Audit Function and
its Outsourcing - The Federal Reserve Board, the Federal Deposit Insurance
Corporation, the Office of the Comptroller of the Currency, and the Office
of Thrift Supervision have issued the attached, amended policy statement, Internal
Audit Function and its Outsourcing. www.federalreserve.gov/boarddocs/srletters/2003/sr0305.htm
April 22, 2003 - The Federal Reserve Board on Tuesday announced the issuance of
a consent Order of Assessment of a Civil Money Penalty against the First Farmers
Bank and Trust, Converse, Indiana, a state member bank. First Farmers Bank and
Trust, without admitting to any allegations, consented to the issuance of the
Order in connection with its alleged violations of the Board’s regulations
implementing the National Flood Insurance Act. www.federalreserve.gov/boarddocs/press/Enforcement/2003/20030422/default.htm
April 22, 2003 - NCUA - J. Owen Cole Jr.
Tapped to Lead Office of Strategic Program Support and Planning www.ncua.gov/news/press_releases/2003/NR03-0422.htm
April 22, 2003 - "Internal
and External Audits," a booklet in the Comptroller's Handbook series, has
been revised to clarify what the OCC expects of internal and external audits at
national banks. The booklet discusses how auditor independence has been
redefined by the Sarbanes-Oxley Act of 2002, implementing rules and regulations
of the Securities and Exchange Commission, and the recently revised
"Interagency Policy Statement on Internal Audit and Its Outsourcing."
Introduction: www.occ.treas.gov/handbook/2003AuditHBintroduction.pdf
Supplemental Examination
Procedures: www.occ.treas.gov/handbook/2003Supplementary.pdf
Appendixes: www.occ.treas.gov/handbook/2003AuditHBappendix.pdf
April 21, 2003 - Chairman Greenspan on Tuesday will spend a short time in a
local hospital to be treated surgically for benign prostatic hypertrophy, an
enlarged prostate. Tests were negative for prostate cancer. He plans to be back
in his office later this week. www.federalreserve.gov/boarddocs/press/other/2003/20030421/default.htm
April 21, 2003 - Financial Holding
Companies As of April 18, 2003 - 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/default.htm
April 21, 2003 - Industrial Production and Capacity Utilization: The 2002
Historical and Annual Revision - Articles
from the Federal Reserve Bulletin
http://www.federalreserve.gov/pubs/bulletin/2003/03bulletin.htm
April 21, 2003 - The Federal Reserve Board on Monday announced the execution of
a Written Agreement by and between the Premier Bank, Denver, Colorado and the
Federal Reserve Bank of Kansas City. www.federalreserve.gov/boarddocs/press/Enforcement/2003/20030421/default.htm
________________
April
18, 2003 - OCC Announces New Electronic
Interpretations and Actions -
April Interpretive
Letters and No-Objection Letters reflect the views of the Comptroller's legal
staff. Corporate Decisions, CRA Decisions and Conditional Approvals are from the
office of Bank Organization and Structure. www.occ.treas.gov/interp/apr03/intapr03.htm
April 17, 2003 - NCUA Charters Federal Credit Union in Albany, N.Y. - The
National Credit Union Administration has issued a charter for FASNY Federal
Credit Union, which will serve members and employees of the Firemen's
Association of the State of New York in Albany, N.Y. www.ncua.gov/news/press_releases/2003/NR03-0416.htm
April 17, 2003 - OCC Releases CRA Evaluations For 48 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
March 15, 2003 through April 14, 2003. www.occ.treas.gov/newsrelease.asp?Doc=QYMV8NCQ.xml
April 17, 2003 - OCC Announces 16 New
Enforcement Actions and Seven Terminations - The Office of the Comptroller of
the Currency (OCC) today announced 16 new enforcement actions taken against
national banks and individuals currently and formerly affiliated with national
banks and seven terminations of existing enforcement actions. www.occ.treas.gov/newsrelease.asp?Doc=XIX6DVAP.xml
April 17, 2003 - Foreign Entity Subject to Import Ban - The Secretary of State
has designated Khan Research Laboratories (Pakistan) as being subject to the
import ban of the Weapons of Mass Destruction Trade Control Regulations. www.fdic.gov/news/news/financial/2003/fil0329.html
April 16, 2003 - Remarks by John D. Hawke, Jr. Comptroller of the Currency
Before the Exchequer Club Washington, D.C. April 16, 2003 www.occ.treas.gov/newsrelease.asp?Doc=NY6CA3Z8.xml
April 16, 2003 - FFIEC Annual Report for 2002 www.ffiec.gov/PDF/annrpt02.pdf
April 16, 2003 - Cuban Asset Control Regulations - Treasury's Office of
Foreign Assets Control has updated its list of approved service providers to
Cuba. www.fdic.gov/news/news/financial/2003/fil0328.html
April 15, 2003 - Comptroller Hawke Urges Banks to Court Minority Customers -
Comptroller of the Currency John D. Hawke, Jr. said today that commercial banks
must adapt to dramatic shifts in the U.S. population if they are going to be
successful in the future.
Press Release: www.occ.treas.gov/newsrelease.asp?Doc=8NUUJN8.xml
Attachment: www.occ.treas.gov/ftp/release/2003-29a.pdf
April 15, 2003 - FDIC Advisory Committee Meeting Will Focus On Future Of Banking
And Regulation - The Federal Deposit Insurance Corporation Advisory Committee on
Banking Policy will be taking a close look at both the future of banking and the
future of financial regulation at its upcoming meeting on April 22. www.fdic.gov/news/news/press/2003/pr3303.html
April 15, 2003 - Industrial Production
And Capacity Utilization - Industrial production fell 0.5 percent
in March and is now estimated to have edged down 0.1 percent in February.
Manufacturing output declined 0.2 percent in March, but excluding motor vehicles
and parts, it was little changed for the second consecutive month. Output at
utilities fell 4.1 percent after having increased noticeably in the past two
months. Mining output moved up 0.6 percent and was 1.2 percent above the level
of March 2002. www.federalreserve.gov/releases/g17/current/default.htm
April 14, 2003 NCUA - Letter to Credit
Union - Financial Trends in Federally Insured Credit Unions - January 1, 2002 to
December 31, 2002 www.ncua.gov/ref/letters/letters.html
April 14, 2003 NCUA - Standard Flood
Hazard Determination Form http://www.ncua.gov/ref/reg_alerts/2003/03-RA-05.htm
April 14, 2003 NCUA - Jeffrey Steele Named Associate Regional Director - Jeffrey
Steele has been selected as the National Credit Union Administration associate
regional director of Programs in Austin, Texas, responsible for the Region V
field program, which includes managing nearly 90 examiners. www.ncua.gov/news/press_releases/2003/NR03-0414.htm
April 14, 2003 Licensing Manual: Recent
Updates - Two revised booklets of the Comptroller's Licensing
Manual series are available on the OCC's Internet site. "Change in Bank
Control" replaces the previous 1998 version, and "Branch
Closings" replaces the June 2002 version.
Change in Bank Control: www.occ.treas.gov/corpbook/group3/public/pdf/cbca.pdf
Branches: www.occ.treas.gov/corpbook/group3/public/pdf/brclose.pdf
____________
April
11, 2003 - NCUA - Insurance Coverage for "Transferable
Shares" www.ncua.gov/ref/opinion_letters/2003_letters/03-0147.htm
April 11, 2003 - Labor Mobility Is Fundamental to U.S. Economic Growth: Says St.
Louis Fed's Poole - An efficient labor market - getting the right workers into
the right jobs and wrong workers out of the wrong jobs - has helped give the
United States an edge over other industrialized nations' economies, said William
Poole, president of the Federal Reserve Bank of St. Louis. www.stlouisfed.org/news/releases/2003/04_10_03.html
April 11, 2003 - Proposals for Comment
- The following proposals were recently made available for public comment.
Comments may be submitted to the Federal Reserve via the web using the links
below. www.federalreserve.gov/generalinfo/foia/ProposedRegs.cfm
April 10, 2003 - The Federal Reserve Board on Thursday announced the approval of
the application of Union Bank of Israel Ltd., Tel Aviv, Israel, to establish a
representative office in New York, New York. www.federalreserve.gov/boarddocs/press/orders/2003/20030410/default.htm
April 10, 2003 - FFIEC 002 Reporting Form and Instructions of Preparation:
Report of Assets and Liabilities of U.S.
Branches and Agencies of Foreign Banks: http://www.ffiec.gov/PDF/FFIEC_forms/FFIEC002_200303_inst.pdf
Report of Assets and Liabilities of U.S. Branches and Agencies of Foreign Banks:
http://www.ffiec.gov/PDF/FFIEC_forms/FFIEC002_200303_f.pdf
April 10, 2003 - First Quarter 2003
Edition of the FDIC's Letter to Stakeholders - The FDIC issues its fourth
Letter to Stakeholders, a report of the agency's first quarter 2003 activities www.fdic.gov/news/news/financial/2003/fil0326.html
April 10, 2003 - Remarks by Chairman Donald E. Powell Federal Deposit Insurance
Corporation Before the Federal
Reserve Bank of Atlanta http://www.fdic.gov/news/news/press/2003/pr3203.html
April 10, 2003 - Governor Mark W. Olson - Basel II: Its implications for
second-tier and community-size banks At the 2003 Banking Institute, Center
for Banking and Finance, University of North Carolina, Charlotte, North Carolina
www.federalreserve.gov/boarddocs/speeches/2003/20030410/default.htm
April 9, 2003 - A Guide To The ATM and Debit Card Industry - The ATM and debit
card industry is undergoing dramatic change. From the sharp growth in point of
sale debit card transactions to the heavy consolidation of the regional networks
handling electronic transactions, the industry’s transformation raises
economic and public policy issues. www.kc.frb.org/pubaffrs/pressrel/pr03-14.htm
April 9, 2003 - Chairman Alan Greenspan
- The Reagan legacy At the Ronald Reagan Library, Simi Valley,
California www.federalreserve.gov/boarddocs/speeches/2003/200304092/default.htm
April 9, 2003 - NCUA - Final Interpretive Ruling and Policy Statement (IRPS)
01-2, "Central Liquidity Facility Advance Policy." - This policy statement
clarifies the role of the Central Liquidity Facility (CLF) and the circumstances
when the CLF will approve a Regular or Agent Member’s request for a CLF
advance. www.ncua.gov/ref/IRPS/IRPS01-2.html
April 9, 2003 - NCUA - Matz: Tax Fever is Contagious - National Credit Union
Administration (NCUA) Board Member Debbie Matz told the attendees at the
Massachusetts Credit Union League’s Government Affairs Day Conference, "The
people-helping-people theme of this session is particularly timely with the
movement to tax credit unions spreading from state to state. The philosophy of
people helping people is the number one weapon in the credit union arsenal to
fight tax proposals." www.ncua.gov/news/press_releases/2003/NR03-0409.htm
April 9, 2003 - NCUA - Mark Treichel named Region I Director - The
National Credit Union Administration Board today announced that Deputy Executive
Director Mark Treichel has been selected to replace Layne Bumgardner, who
retired April 3, 2003, as Director of the NCUA Region I office in Albany, New
York. www.ncua.gov/news/press_releases/2003/NR03-0407.htm
April 9, 2003 - Basel II: A realist's perspective - Vice Chairman Roger
W. Ferguson, Jr. -At the Risk Management Association's Conference on
Capital Management, Washington, D.C. http://www.federalreserve.gov/boarddocs/speeches/2003/20030409/default.htm
April 8, 2003 - FDIC Issues April List Of Banks Examined For CRA Compliance -
The Federal Deposit Insurance
Corporation today issued its monthly list of state nonmember banks recently
evaluated for compliance with the Community Reinvestment Act The list covers
evaluation ratings that the FDIC assigned to institutions in January 2003. www.fdic.gov/news/news/press/2003/pr3103.html
April 8, 2003 - Regulators Issue Interagency Paper on Sound Practices to
Strengthen the Resilience of the U.S. Financial System - Three federal
regulatory agencies today issued an "Interagency Paper on Sound Practices
to Strengthen the Resilience of the U.S. Financial System." Among other
things, the Board of Governors of the Federal Reserve System, the Office of the
Comptroller of the Currency, and the Securities and Exchange Commission
identified sound practices to strengthen the resilience of critical U.S.
financial markets and minimize the immediate systemic effects of a wide-scale
disruption.
Press Release:www.federalreserve.gov/boarddocs/press/bcreg/2003/20030408/default.htm
Press Release: www.occ.treas.gov/ftp/release/2003-28.htm
Attachment: www.occ.treas.gov/ftp/bulletin/2003-14.doc
Attachment: www.occ.treas.gov/ftp/bulletin/2003-14a.pdf
April 8, 2003 - Check Clearing for the Twenty-first Century Act - Testimony
of Vice Chairman Roger W. Ferguson, Jr. -Before the Subcommittee on
Financial Institutions and Consumer Credit of the Committee on Financial
Services, U.S. House of Representatives www.federalreserve.gov/boarddocs/testimony/2003/20030408/default.htm
April 7, 2003 - The Federal Reserve Board on Monday announced its approval of
the application by the Charles Schwab Corporation, San Francisco, California, to
acquire 100 percent of the voting shares of Charles Schwab Bank, National
Association, Reno, Nevada, a de novo bank. www.federalreserve.gov/boarddocs/press/orders/2003/20030407/default.htm
April 7, 2003 - The June, September, and December 2002 issues of the Quarterly
Journal, are now available on-line. www.occ.treas.gov/qj/qj.htm
April 7, 2003 - Bankers Assessed Civil Money Penalties and Barred from Banking
After Compromising Confidential Customer Financial Information - The Office of
the Comptroller of the Currency announced actions today against two former
national bank employees who compromised confidential financial information of
bank customers.
Press Release: www.occ.treas.gov/newsrelease.asp?Doc=LIR2FVQ3.xml
Attachment: www.occ.treas.gov/ftp/eas/ea2003-19.pdf
Attachment: www.occ.treas.gov/ftp/eas/ea2003-20.pdf
April 7, 2003 - Consumer
Credit - Consumer credit rose at an annual rate of 1 percent in February
following an 8-1/2 percent increase in January. Revolving credit posted a sizable gain, while nonrevolving
credit declined moderately. www.federalreserve.gov/releases/g19/Current/
April 7, 2003 - Patent Policy in a
Broader Context - Remarks by Vice Chairman Roger W. Ferguson, Jr. At the
2003 Financial Markets Conference of the Federal Reserve Bank of Atlanta, Sea
Island, Georgia www.federalreserve.gov/boarddocs/speeches/2003/20030407/default.htm
_____________
April 4, 2003 - University School Wins Regional Federal Reserve
Competition - A team of five students from University School of Milwaukee
today beat out four other high school teams from Illinois, Indiana, Iowa,
and Michigan to become district champions of the Federal Reserve's Fed
Challenge competition. www.chicagofed.org/newsandevents/pressreleases/2003/pr04042003.cfm
April 4, 2003 - NCUA - Letter To
Credit Unions - Expanded AIRES Loan and Share Record Layout Specifications
- 03-CU-05 www.ncua.gov/ref/letters/2003/03-CU-05.pdf
April 4, 2003 - Clarification of
Disclosure Requirements When Consumers Renew Insurance Policies - The
federal bank and thrift regulatory agencies have clarified the application
of the disclosure requirements in section 305 of the Gramm-Leach-Bliley
Act and the agencies' insurance consumer protection regulations to
renewals of insurance policies sold prior to October 1, 2001. www.fdic.gov/news/news/financial/2003/fil0325.html
April 4, 2003 - Market economies and rule of law - Chairman Alan
Greenspan - At the 2003 Financial Markets Conference of the Federal
Reserve Bank of Atlanta, Sea Island, Georgia www.federalreserve.gov/boarddocs/speeches/2003/20030404/default.htm
April 3, 2003 - NCUA - Maura Hampton Joins NCUA Vice Chair's Staff -
National Credit Union Administration Board Vice Chair JoAnn Johnson
announced today that Maura M. Hampton has been appointed as Executive
Assistant, replacing the Vice Chair's departing top aide, Julie A.
Starnes. www.ncua.gov/news/press_releases/2003/NR03-0403.htm
April 3, 2003 - NCUA Chairman Submits Testimony for Central Liquidity
Facility and Community Development Revolving Loan Fund - NCUA
Recommends Additional $1 Million Appropriation For CDRLF, Bringing Total
Requested for CDRLF to $2 Million for FY 2004 www.ncua.gov/news/press_releases/2003/NR03-0403-2.htm
April 3, 2003 - Can Rural America Plan For Tomorrow's Drought? www.kc.frb.org/pubaffrs/pressrel/pr03-11.htm
April 3, 2003 - Main Streets Of Tomorrow Growing And Financing Rural
Entrepreneurs www.kc.frb.org/pubaffrs/pressrel/pr03-13.htm
April 3, 2003 - Financial education - Remarks by Chairman Alan Greenspan At the JumpStart Coalition's
Annual Meeting, Washington, D.C. www.federalreserve.gov/boarddocs/speeches/2003/20030403/default.htm
April 3, 2003 - Check Truncation Act - Testimony of Vice Chairman Roger W. Ferguson, Jr. Before the
Committee on Banking, Housing, and Urban Affairs, U.S. Senate www.federalreserve.gov/boarddocs/testimony/2003/20030403/default.htm
April 2, 2003 - NCUA - Software
for the March 2003 5300 cycle is now available www.ncua.gov/data/5300/5300.html
April 2, 2003 - Chairman Powell's Statement On Passage Of Deposit
Insurance Reform Legislation By U.S. House Of Representatives http://www.fdic.gov/news/news/press/2003/pr3003.html
April 2, 2003 - Finance and
Economics Discussion Series - Robust
Monetary Policy Rules with Unknown Natural Rates Athanasios
Orphanides and John C. Williams www.federalreserve.gov/Pubs/FEDS/2003/200311/200311abs.html
April 1, 2003 - NCUA - Matz Unveils New Publication at Landmark "Access
Across America Partnering and Leadership Successes" Program - The National
Credit Union Administration and Neighborhood Reinvestment Corporation
today issued a joint publication, "Credit Union Partnerships With
NeighborWorks Organizations: Proven Models for Success." Attendees at NCUA's
"Access Across America Partnering and Leadership Successes" workshop here
today were among the first to receive the 28-page report. www.ncua.gov/news/press_releases/2003/NR03-0401.htm
April 1, 2003 - Working Paper
2003-2, "Under-specified Models and Detection of Discrimination in
Mortgage Lending," Jason Dietrich - This study
examines how the use of variables customarily omitted from fair lending
models would have affected estimates of the effect of race on mortgage
decisions, predictions of the probability of denial, and identification of
outliers for manual review. The author is able to include such variables
in his models because of information the OCC gathers by replicating a bank's
underwriting decision-making process during fair lending examinations. www.occ.treas.gov/ftp/workpaper/wp2003-2.pdf
April 1, 2003 - James E. Gilleran, Director of the Office of Thrift
Supervision, has been named Chairman of the Federal Financial Institutions
Examination Council for a two-year term beginning April l. Director
Gilleran succeeds Donald E. Powell, Chairman of the Federal Deposit
Insurance Corporation. The Council also named NCUA Chairman Dennis Dollar,
as its new Vice Chairman.
www.ffiec.gov/press/pr040103.htm
www.ots.treas.gov/docs/77314.html
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