R. Kinney Williams - Yennik, Inc.®
R. Kinney Williams
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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. 


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.

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:

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. 


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