Bank Regulatory News
February 2002
February 28, 2002 - Survey Details Banking Challenges in Tenth Federal Reserve
District - The Federal Reserve Bank of Kansas City’s latest edition of Financial
Industry Perspectives features the results of a survey of commercial banks
within the Tenth Federal Reserve District, which encompasses Nebraska, Kansas,
Oklahoma, Wyoming, Colorado, northern New Mexico and western Missouri.
www.kc.frb.org/pubaffrs/pressrel/02Feb28.htm
February 28, 2002 - Loan Problems Grow Even As Commercial Bank Earnings Break
Records, FDIC Announces - Commercial banks earned a record $74.6 billion in
2001, up $3.5 billion from the record $71.1 billion in industry earnings in
1999, the Federal Deposit Insurance Corporation reported today.
www.fdic.gov/news/news/press/2002/pr2302.html
February 28, 2002 - FDIC Makes Public January Enforcement Actions; No
Administrative Hearings Scheduled - The Federal Deposit Insurance
Corporation today released a list
of orders of administrative enforcement actions taken against banks and
individuals in January. No administrative hearings are scheduled for March.
www.fdic.gov/news/news/press/2002/pr2402.html
February 28, 2002 - OCC Issues Second Quarter 2002 CRA Examination Schedule -
The Office of the Comptroller of the Currency (OCC) today released its schedule
of Community Reinvestment Act (CRA) examinations to be conducted in the second
quarter of 2002.
Press Release - www.occ.treas.gov/ftp/release/2002-14.txt
Attachment - www.occ.treas.gov/ftp/release/2002-14a.pdf
February 28, 2002 - Remarks by Governor
Susan Schmidt Bies - Strengthening
the Financial System of the 21st Century through Sound Accounting and Disclosure
www.federalreserve.gov/boarddocs/speeches/2002/200202282/default.htm
February 28, 2002 - Remarks by Chairman
Alan Greenspan - Saving for retirement
www.federalreserve.gov/boarddocs/speeches/2002/20020228/default.htm
February 27, 2002 - OTS Director Gilleran Reports Thrifts Reach Record $10.2
Billion in Earnings in 2001 - “Last year was one of the best in the thrift
industry’s history,” Office of Thrift Supervision Director James E. Gilleran
said today.
www.ots.treas.gov/docs/77207.html
February 27, 2002 - Currency and Coin
- The Federal Reserve, the nation's central bank, distributes, processes, and
accounts for U.S. currency and coin in the United States and abroad. The Federal
Reserve's responsibility under the Federal Reserve Act is "to furnish an
elastic currency," or to ensure that there is enough currency and coin to
meet demand.
www.federalreserve.gov/paymentsystems/coin/default.htm
February 27, 2002 - Testimony of
Chairman Alan Greenspan - Federal Reserve Board's semiannual monetary
policy report to the Congress - Before the Committee on Financial Services, U.S.
House of Representatives
http://www.federalreserve.gov/boarddocs/hh/2002/february/testimony.htm
February 27, 2002 - Remarks by Vice
Chairman Roger W. Ferguson, Jr - At the Canton Forum Speaker Series,
Canton, Ohio - A Review of Economic
Developments in 2001 and the Economic Outlook
http://www.federalreserve.gov/boarddocs/speeches/2002/20020227/default.htm
February 27, 2002 - Commercial Loan Losses Continue To Grow, FDIC Report Shows -
Bank losses on commercial and industrial loans grew again in the fourth quarter
of 2001, while key measures of capital and loan loss reserve adequacy also rose,
according to a report issued today by the Federal Deposit Insurance Corporation.
http://www.fdic.gov/news/news/press/2002/pr2202.html
February 27, 2002 - Specially Designated Nationals and Blocked Persons - On
January 9, 2002, the Department of the Treasury's Office of Foreign Assets
Control (OFAC) amended its listing of Specially Designated Nationals and Blocked
Persons by adding four new names of specially designated global terrorists.
Their assets must be blocked immediately.
http://www.fdic.gov/news/news/financial/2002/fil0214.html
February 27, 2002 - Liborbank - On
February 14, 2001, the Federal Deposit Insurance Corporation
issued FIL-12-2001 containing names of entities that may be conducting
banking operations in Canada or the United States without authorization.
Attached to the FIL was a hard copy of a cumulative "Warning List"
provided by the Office of the Superintendent of Financial Institutions of
Canada, which was current as of that date.
http://www.fdic.gov/news/news/financial/2002/fil0216.html
February 27, 2002 - Specially
Designated Nationals and Blocked Persons - On January 23, 2002, the Department
of the Treasury's Office of Foreign Assets Control (OFAC) updated its list of
authorized service providers under the Cuban Assets Control Regulations.
http://www.fdic.gov/news/news/financial/2002/fil0217.html
February 27, 2002 - FinCEN
Publications - Attached is a copy of the January 2002 issue of SAR Bulletin,
published by the Department of the Treasury's Financial Crimes Enforcement
Network.
http://www.fdic.gov/news/news/financial/2002/fil0219.html
February 27, 2002 - U.S. Department of Treasury FinCEN Advisories
11A and 21A - This advisory letter revises the list of countries detailed
in OCC Advisory Letter 2000-8, "U.S. Department of Treasury FinCEN
Advisories 13 through 27," dated August 9, 2000 and AL 2001-7, "U.S.
Department of Treasury FinCEN Advisories 13A, 14A, 19A, 23A," dated July
25, 2001.
http://www.occ.treas.gov/ftp/advisory/2002-2.txt
February 27, 2002 - NCUA Chairman Dennis Dollar Announces Agency’s “Access
Across America” Initiative - Economic Empowerment Initiative to Grant Greater
Access to Low Cost Financial Services for Underserved Communities, Labeled as
Alternative to Predatory Lending
http://www.ncua.gov/news/press_releases/nr022502.html
February 26, 2002 - FDIC
Announces Sale Of Residual Interests And Servicing Rights Of Superior Federal
Bank, FSB - The Federal Deposit Insurance Corporation (FDIC) has announced the
sale of the servicing rights for and residual interests in $3.7 billion of
securitized subprime mortgage loans from the former Superior Federal Bank, FSB,
Hinsdale, Illinois.
http://www.fdic.gov/news/news/press/2002/pr2102.html
February 26, 2002 - OTS Announces 13 January CRA Ratings - The Office of Thrift
Supervision today announced savings associations' Community Reinvestment Act
performance evaluation ratings that became available in January 2002.
http://www.ots.treas.gov/docs/77206.html
February 25, 2002 - Midwest Medicaid Examined In Latest Chicago Fed Letter - Midwest
states are taking steps to control Medicaid expenditures and healthcare costs as
their general tax revenues fall short of original estimates, according to the
latest edition of the Chicago
Fed Letter.
http://www.chicagofed.org/newsandevents/pressreleases/2002/pr02252002.cfm
February 25, 2002 – NCUA - Legislative Update - Deposit Insurance Reform
http://www.ncua.gov/justposted.html
February 25, 2002 - National Bank Appeals Process - Guidance for Bankers - This
issuance revises the Office of the Comptroller of the Currency's
procedures for national banks to appeal agency decisions and actions.
http://www.occ.treas.gov/ftp/bulletin/2002-9.txt
February 25, 2002 - Financial Holding
Companies - Under the Bank Holding Company Act, bank holding companies
may elect to be financial holding companies.
http://www.federalreserve.gov/generalinfo/fhc/default.htm
February 25, 2002 - Legal Interpretations
- Application of section 9 of the Federal Reserve Act (State Banks as Members)
regarding equity hedges
http://www.federalreserve.gov/boarddocs/legalint/FederalReserveAct/2002/20020221/default.htm
February 25, 2002 - Legal Interpretations
- Exemption from section 23A of the Federal Reserve Act (Relations with
Affiliates) regarding qualitative limits--Israel Discount Bank of New York
http://www.federalreserve.gov/boarddocs/legalint/FederalReserveAct/2002/20020214/default.htm
February 25, 2002 - Legal Interpretations
- Permissible covenants regarding
financial holding companies--Credit Suisse First Boston
http://www.federalreserve.gov/boarddocs/legalint/BHC_ChangeInControl/2001/20011221/default.htm
______________________
February 22, 2002 - The Office of the Comptroller of the Currency today
announced the appointment of Jacquelyn Fletcher as the agency’s new Chief
Information Officer. In her new position, she will supervise the agency’s
information technology programs, including telecommunications, systems
development and technology security policy.
www.occ.treas.gov/ftp/release/2002-13.txt
February 22, 2002 -National Bank Appeals Process - This issuance revises the
Office of the Comptroller of the Currency's procedures for national banks to
appeal agency decisions and actions.
www.occ.treas.gov/ftp/bulletin/2002-9.txt
February 22, 2002 - Revisions to the Reports of Condition and Income (Call
Report) for 2002 - The Federal Financial Institutions Examination Council
(FFIEC) has approved a number of revisions to the Reports of Condition and
Income (Call Report) for 2002.
www.ffiec.gov/PDF/FFIEC_forms/FFIECCALL_20020220.pdf
February 21, 2002 - The Federal Reserve Board on Thursday announced that it
would not apply section 9 of the Federal Reserve Act to prohibit a state member
bank from acquiring equity securities to hedge the bank’s customer-driven
equity derivative transactions if such purchases are made in accordance with the
conditions and restrictions applicable to national banks.
www.federalreserve.gov/boarddocs/press/BoardActs/2002/20020221/
February 21, 2002 - Inflation Targeting
and Nominal Income Growth Targeting: When and Why Are They Suboptimal? -
We derive optimal monetary stabilization rules and compare them to simple rules
under both full and partial information. The nominal interest rate is the
instrument of monetary policy.
www.federalreserve.gov/Pubs/IFDP/2002/719/default.htm
February 21, 2002 - Business Credit Flowing Despite Recession, FDIC Report Shows
- Business credit is more available in this recession than in previous
recessions over the past 30 years, according to the Federal Deposit Insurance
Corporation.
www.fdic.gov/news/news/press/2002/pr2002.html
February 21, 2002 - Revisions to the Reports of Condition and Income (Call
Report) for 2002 - The Federal Financial Institutions Examination Council
(FFIEC) has approved a number of revisions to the Reports of Condition and
Income (Call Report) for 2002.
www.fdic.gov/news/news/financial/2002/fil0213.html
February 21, 2002 – NCUA - This is Change 1 to the National Credit Union
Administration Rules and Regulations (Revised November 2001)
www.ncua.gov/ref/rules_and_regs/NCUA-Change1.pdf
February 20, 2002 - The Federal Reserve Board today announced its approval of
the applications by BNP Paribas, Paris, France, and BancWest Corporation,
Honolulu, Hawaii, to acquire all the voting shares of United California Bank,
Los Angeles, California.
www.federalreserve.gov/boarddocs/press/BHC/2002/20020220/default.htm
February 20, 2002 - The Federal Reserve Board announced on Wednesday that the
Consumer Advisory Council will hold its next meeting on Thursday, March 14.
www.federalreserve.gov/BoardDocs/press/general/2002/20020220/default.htm
February 20, 2002 - FDIC's Money Smart Program Celebrates First Anniversary By
Announcing Roll-Out Of Spanish Version - The FDIC's Money Smart financial
education program recently celebrated its first anniversary and announced plans
to roll out a Spanish-language version in early April 2002.
www.fdic.gov/news/news/press/2002/pr1902.html
February 19, 2002 - OCC Releases
CRA Evaluations For 24 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 January 15 through
February 14, 2002
www.occ.treas.gov/ftp/release/2002-12.txt
February 19, 2002 - December 2002
FFIEC 004 Report Form with Instructions
www.ffiec.gov/whatsnew.htm
___________________________
February 15, 2002 - The Federal Reserve Board on Friday
announced the execution of a Written Agreement by and among MSB Shares,
Inc., the MidSouth Bank, both of Jonesboro, Arkansas, the Federal Reserve
Bank of St. Louis, and the Arkansas State Bank Department.
www.federalreserve.gov/boarddocs/press/Enforcement/2002/20020215/default.htm
February 15, 2002 - Financial
Holding Companies - 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
February 15, 2002 - Credit union
deposits post strong growth in 2001 - Federally insured credit
unions are healthy and doing well based on statistics reported by the
nation’s 9,984 federally insured credit unions at year-end 2001.
www.ncua.gov/news/press_releases/nr021502.html
February 14, 2002 - OCC Announces 20 New Enforcement Actions and 5
Terminations - The Office of the Comptroller of the Currency (OCC) today
announced 20 new enforcement actions taken against national banks and
individuals currently and formerly affiliated with national banks and 5
terminations of existing enforcement actions.
www.occ.treas.gov/ftp/release/2002-11.txt
February 14, 2002 - FDIC Chairman Powell's Statement On Introduction Of
Deposit Insurance Reform Legislation
www.fdic.gov/news/news/press/2002/pr1802.html
February 13, 2002 – NCUA - Recent Final Rule -- 12 CFR Part 701 - Loan
Interest Rates - The current 18 percent per year federal credit
union loan rate is scheduled to revert to 15 percent on March 8, 2002,
unless otherwise provided by the NCUA Board.
www.ncua.gov/news/proposed_regs/12CFRPart701-loans-final.html
February 13, 2002 - Despite Tumultuous Events, 2001 Financial Results of
Largest U.S. Banks Holding Steady, FDIC Report Shows - Credit quality took
center stage at the top 25 U.S. banking organizations in 2001, according
to an FDIC report released today.
www.fdic.gov/news/news/press/2002/pr1702.html
February 13, 2002 - Anecdotal Information Useful In Setting Monetary
Policy, Says St. Louis Fed's Poole - Since anecdotal information on the
economy is inherently unscientific, the Federal Reserve relies heavily on
formal methods when making monetary policy decisions, according to William
Poole, president of the Federal Reserve Bank of St. Louis.
www.stls.frb.org/general/releases/rel02/nr0213.html
February 13, 2002 - Partnerships
Help Immigrants Join Financial Mainstream - Partnerships between financial
institutions and community groups may provide a solution to the problem of
delivering mainstream financial services, including checking accounts and
savings accounts, to recent immigrants, said attendees at a Chicago Fed
conference highlighted in the March special issue of the Chicago Fed
Letter.
www.chicagofed.org/newsandevents/pressreleases/2002/pr02132002II.cfm
February 12, 2002 - Comptroller Calls Preemption a Major Advantage
of National Bank Charter - Comptroller of the Currency John D. Hawke, Jr.
said today that the creation in 1863 of a uniform charter which allows
national banks to operate with immunity from many state and local laws has
benefited both banks and the nation's consumers.
www.occ.treas.gov/ftp/release/2002-10.txt
February 12, 2002 - Comptroller Calls Preemption a Major Advantage of
National Bank Charter - Comptroller of the Currency John D. Hawke, Jr.
said today that the creation in 1863 of a uniform charter which allows
national banks to operate with immunity from many state and local laws has
benefited both banks and the nation's consumers.
http://www.occ.treas.gov/ftp/release/2002-10.txt
February 12, 2002 - Truth in Lending (Regulation Z) - The Federal Reserve
Board published, on December 20, 2001, a final rule adopting amendments to
Regulation Z that implement the Home Ownership and Equity Protection Act
Press Release - www.occ.treas.gov/ftp/bulletin/2002-8.txt
Attachment - www.occ.treas.gov/fr/fedregister/66fr65604.pdf
February 12, 2002 - Specially Designated Nationals and Blocked Persons
- On December 26, 2001, the Department of the Treasury's Office of
Foreign Assets Control amended its listing of Specially Designated
Nationals and Blocked Persons by adding the Foreign Terrorist Organization
designation to two Specially Designated Global Terrorists and by providing
additional information about a SDGT listed in OFAC's December 20, 2001,
update.
www.fdic.gov/news/news/financial/2002/fil0210.html
February 11, 2002 - Treasury
Secretary Paul O'Neill Names 2002 U.S. Savings Bonds Volunteer Committee -
Treasury Secretary Paul O'Neill recently announced that
Dr. Vance Coffman, Chairman and CEO of Lockheed Martin Corporation, will
serve as the National Chair of the 2002 U.S. Savings Bonds Volunteer
Committee.
www.kc.frb.org/pubaffrs/pressrel/021102.htm
February 11, 2002 - NCUA - Agencies Publish “Privacy Choices for Your
Personal Financial Information” - In conjunction with National Consumer
Protection Week, several federal agencies today released a guide to help
consumers make informed choices about whether to allow their personal
financial information to be shared.
www.ncua.gov/news/press_releases/jr020602.html
February 11, 2002 - NCUA - Permissible Credit Union Service Organization (CUSO)
Activities.
www.ncua.gov/ref/opinion_letters/01-1047.html
February 8, 2002 - Former Bank President Darryl R. Francis Passes Away -
Darryl R. Francis, president of the Federal Reserve Bank of St. Louis from
January 17, 1966, to March 1, 1976, died today in Ft. Smith, Ark.
www.stls.frb.org/general/releases/rel02/nr0208-2.html
February 8, 2002 - St. Louis Fed's Memphis Branch Announces Changes to
Board of Directors - The Board of Governors of the Federal Reserve System
in Washington, D.C., re-appointed Gregory M. Duckett, senior vice
president and corporate counsel for Baptist Memorial Health Care
Corporation in Memphis, Tenn., to a three-year term on the Memphis Branch
board.
www.stls.frb.org/general/releases/rel02/nr0208.html
February 8, 2002 - Revisions to Procedures for Processing Applications and
Prior Notifications under Regulation K Resulting From Recent Revisions to
Regulation K - On November 26, 2001,
significant revisions to Regulation K came into effect that generally
streamline applications requirements and, in certain instances, reduce
filing requirements.
www.federalreserve.gov/boarddocs/srletters/2002/sr0203.htm
February 8, 2002 - The Federal Reserve has revised its reporting
requirements with respect to foreign investments made by U.S. banking
organizations pursuant to Subpart A of Regulation K. The
Federal Reserve has replaced the FR 2064 report with the new FR Y-10,
Report of Changes in Organizational Structure, and with new internal
recordkeeping requirements for internationally active domestic banking
organizations.
www.federalreserve.gov/boarddocs/srletters/2002/sr0202.htm
February 8, 2002 - Exemption Threshold for Depository Institutions - The
Board of Governors of the Federal Reserve System (the Board) has raised
the asset size exemption threshold to $32 million for depository
institutions that are required to report data under the Home Mortgage
Disclosure Act
Press Release - www.occ.treas.gov/ftp/bulletin/2002-7.txt
Attachment - www.occ.treas.gov/fr/fedregister/66fr66295.pdf
February 8, 2002 - NCUA - Changes to the 2002 Call Report, Form 5300 -
This letter is to inform you of changes to the Call Report, Form 5300,
which will be in effect for all reporting cycles in 2002.
www.ncua.gov/ref/letters/02-CU-03.html
February 8, 2002 - NCUA - Partnership Opportunities with IRS
- The Internal Revenue Service has
embarked on a nationwide partnership initiative to help families with low
to moderate income build assets and increase financial literacy.
www.ncua.gov/ref/letters/02-FCU-02.html
______________
February 8, 2002 - The Federal Reserve Board on Friday
released the minutes of its discount rate meetings from November 19, 2001
to December 11, 2001.
www.federalreserve.gov/boarddocs/press/General/2002/20020208/default.htm
February 8, 2002 - Home Mortgage Disclosure Act Description: Exemption
Threshold for Depository Institutions - The Board of Governors of the
Federal Reserve System (the Board) has raised the asset size exemption
threshold to $32 million for depository institutions that are required to
report data under the Home Mortgage Disclosure Act
News Release - www.occ.treas.gov/ftp/bulletin/2002-7.txt
Attachment - www.occ.treas.gov/fr/fedregister/66fr66295.pdf
February 7, 2002 - The Federal Reserve Board on Thursday published
revisions to its Regulation C, which implements the Home Mortgage
Disclosure Act. The Board
approved the revisions at its meeting on January 23, 2002.
www.federalreserve.gov/boarddocs/press/BoardActs/2002/20020207/
February 7, 2002 - FDIC Report Shows Subprime Mortgage Loan Performance
Affected By Recession - The
incidence of significant repayment difficulties among subprime mortgage
borrowers is increasing, according to the Federal Deposit Insurance
Corporation. Delinquencies on FHA-insured mortgages, which often exhibit
characteristics similar to those of subprime mortgages, have risen sharply
over the last two years.
www.fdic.gov/news/news/press/2002/pr1402.html
February 7, 2002 - FDIC
Approves The Payout Of Insured Deposits Of Nextbank, National Association,
Phoenix, Arizona - The Board of Directors of the Federal Deposit
Insurance Corporation approved
the payout of the insured deposits of NextBank, National Association,
Phoenix, Arizona.
www.fdic.gov/news/news/press/2002/pr1602.html
February 7, 2002 - Crawley, Davis Re-Appointed to St. Louis Fed's Little
Rock Branch Board - The Little Rock Branch of the Federal Reserve Bank of
St. Louis announced the following changes to its board of directors:
www.stls.frb.org/general/releases/rel02/nr0207.html
February 7, 2002 - OCC Closes NextBank and Appoints FDIC Receiver -
NextBank NA, Phoenix, Arizona, was closed today by the Office of the
Comptroller of the Currency and the Federal Deposit Insurance Corporation
was appointed receiver.
www.occ.treas.gov/ftp/release/2002-09.txt
February 7, 2002 – NCUA - A Summary Of Actions Taken By The NCUA Board
www.ncua.gov/news/board_reports/BAB020702.html
February 6, 2002 - "Privacy Choices for Your Personal Financial
Information" - In conjunction with National Consumer Protection Week,
several federal agencies today released a guide to help consumers make
informed choices about whether to allow their personal financial
information to be shared.
www.federalreserve.gov/boarddocs/press/General/2002/20020206/default.htm
February 6, 2002 - Kemper Appointed to Federal Advisory Council - David W.
Kemper, chairman, president and CEO of Commerce Bancshares, Inc., has been
appointed by the board of directors of the Federal Reserve Bank of St.
Louis to serve a one-year term on the Federal Advisory Council.
www.stls.frb.org/general/releases/rel02/nr0206-2.html
February 6, 2002 - Brooks, Martin Appointed to St. Louis Fed's Louisville
Branch Board - The Federal Reserve Bank of St. Louis announced the
following changes to its Louisville Branch board of directors:
www.stls.frb.org/general/releases/rel02/nr0206.html
February 6, 2002 - Region II Small Credit Union Program (SCUP) Events
Schedule updated
www.ncua.gov/justposted.html
February 5, 2002 - Legal
Interpretations - (August 10, 2001) Application of section 23A of the
Federal Reserve Act (Relations with Affiliates)--Iberville Bank
www.federalreserve.gov/BoardDocs/LegalInt/FederalReserveAct/2001/20010810/default.htm
February 5, 2002 - Testimony
of Chairman Alan Greenspan - Before the Committee on Banking,
Housing, and Urban Affairs, U.S. Senate February 5, 2002
www.federalreserve.gov/boarddocs/testimony/2002/20020205/
February 5, 2002 - FDIC Issues February 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.
www.fdic.gov/news/news/press/2002/pr1202.html
February 5, 2002 - Proposed Rule--Correspondent Accounts for
Foreign Shell Banks; Recordkeeping and Termination of Correspondent
Accounts for Foreign Banks - This bulletin transmits a proposed regulation
published on December 28, 2001, by the U.S. Department of Treasury.
Press Release - www.occ.treas.gov/ftp/bulletin/2002-6.txt
Attachment - www.occ.treas.gov/fr/fedregister/66fr67459.pdf
February 4, 2002 - Senior Loan
Officer Opinion Survey on Bank Lending Practices - The January 2002
Senior Loan Officer Opinion Survey on Bank Lending Practices focused on
changes in the supply of and demand for bank loans to businesses and
households over the past three months.
www.federalreserve.gov/boarddocs/SnLoanSurvey/200202/default.htm
February 4, 2002 - Annual Report
on the Freedom of Information Act for Fiscal Year 2001 - The
following information is submitted to the U.S. Department of Justice by
the Board of Governors of the Federal Reserve System (Board) in accordance
with the requirements of the Freedom of Information Act (5 U.S.C. §
552(e)) (FOIA), as amended.
www.federalreserve.gov/generalinfo/foia/anrpt_2001.htm
February 4, 2002 - FDIC Approves Assumption Of The Insured Deposits Of The
Oakwood Deposit Bank Company, Oakwood, Ohio - The Federal Deposit Insurance Corporation (FDIC) has approved the
assumption of the insured deposits of The Oakwood Deposit Bank Company,
Oakwood, Ohio, by The State Bank and Trust Company, Defiance, Ohio.
www.fdic.gov/news/news/press/2002/pr1102.html
February 4, 2002 – Guidance on Avoiding Violations of the Spousal
Signature Provisions of Regulation B - The Federal Deposit Insurance
Corporation is issuing the attached guidance to assist banks in complying
with the spousal signature provisions of the Equal Credit Opportunity Act
and Regulation B, 12 C.F.R. Part 202.
www.fdic.gov/news/news/financial/2002/fil0209.html
February 4, 2002 - Inflation
Forecasting Models Still Sound, says Economic Perspectives
www.chicagofed.org/newsandevents/pressreleases/2002/pr02042002.cfm
_________________________________
February 1, 2002 -FDIC Announces Receivership Of The
Oakwood Deposit Bank Company, Oakwood, Ohio The Oakwood Deposit
Bank Company, Oakwood, Ohio, was closed today by the Ohio Superintendent
of Financial Institutions, and the Federal Deposit Insurance Corporation
(FDIC) was named receiver.
www.fdic.gov/news/news/press/2002/pr1002.html
February 1, 2002 -New Electronic Bulletin For FDIC Analysis - The Federal
Deposit Insurance Corporation has introduced FYI, an electronic
bulletin summarizing FDIC analysis of emerging issues in banking and the
economy.
www.fdic.gov/news/news/financial/2002/fil0207.html
February 1, 2002 - Guidance on Managing Risks Associated With Wireless
Networks and Wireless Customer Access
- Financial institutions are actively evaluating and
implementing wireless technology as a means to reach customers and reduce
the costs of implementing new networks.
www.fdic.gov/news/news/financial/2002/fil0208.html
February 1, 2002 - 2002 FFIEC Conference Pricing Sheet For Nonmembers
www.ffiec.gov/exam/tuition.htm
February 1, 2002 - Updated NCUA Rules and Regulations (November 2001)
www.ncua.gov/ref/rules_and_regs/NCUA_rules_regs.pdf
February 1, 2002 - Foreign Exchange Rates - The Table Below Shows The
Average Rates Of Exchange In January 2002 Together With Comparable Figures
For Other Months. Averages Are Based On Daily Noon Buying Rates For Cable
Transfers In New York City Certified For Customs Purposes By The Federal
Reserve Bank Of New York.
www.federalreserve.gov/releases/G5/current/
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