Bank Regulatory Press Releases

Bank Regulatory News

February 2008

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February 29, 2008 - Statement of Comptroller of the Currency John C. Dugan Following Tour of Harlem and the Bronx - Comptroller of the Currency John C. Dugan spoke of the need for revisions to the Community Reinvestment Act and national banks' public welfare investment authority to help areas plagued by foreclosures on a tour of bank initiatives and community development projects in New York today. www.occ.treas.gov/ftp/release/2008-25.htm

February 29, 2008 - OCC to Require Data from Large Bank Mortgage Servicers - The Office of the Comptroller of the Currency is requiring large national banks that service mortgages to provide comprehensive mortgage data on a monthly basis. The required data will build upon the efforts of the HOPE NOW alliance, a cooperative effort between investors, lenders and counselors that is intended to help distressed homeowners. www.occ.treas.gov/ftp/release/2008-24.htm

February 29, 2008 - OCC Issues Second Quarter 2008 CRA Examination Schedule - The Office of the Comptroller of the Currency today released its schedule of Community Reinvestment Act examinations to be conducted in the second quarter of 2008. www.occ.treas.gov/ftp/release/2008-23.htm

February 29, 2008 - Governor Frederic S. Mishkin On "Leveraged Losses: Lessons from the Mortgage Meltdown" - At the U.S. Monetary Policy Forum, New York, New York. www.federalreserve.gov/newsevents/speech/mishkin20080229a.htm

February 29, 2008 - The Federal Reserve will conduct two auctions of 28-day credit through its Term Auction Facility in March. It will offer $30 billion in an auction to be held on Monday, March 10 and $30 billion in an auction to be held on Monday, March 24. www.federalreserve.gov/newsevents/press/monetary/20080229a.htm

February 29, 2008 - FDIC Issues Guide to Help Professionals Calculate Insurance Coverage for Revocable and Irrevocable Trusts - The Federal Deposit Insurance Corporation today released a new comprehensive resource for bankers and other financial professionals on how to calculate properly insurance coverage for deposits held by revocable and irrevocable trusts at insured financial institutions. www.fdic.gov/news/news/press/2008/pr08017.html

February 29, 2008 - FDIC Issues Second Quarter 2008 CRA Examination Schedule - The Federal Deposit Insurance Corporation has issued the public list of institutions that it has scheduled for a Community Reinvestment Act examination during the second quarter of 2008. www.fdic.gov/news/news/press/2008/pr08016.html
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February 28, 2008 - Payments System Risk - Payments System Risk Policy Fee Calculator - This calculator is designed to assist depository institutions in assessing the effect the proposed Payments System Risk policy changes may have on their daylight overdraft charges. www.federalreserve.gov/apps/rpfcalc/

February 28, 2008 - FRB Statistical Release - G.20 Finance Companies.   www.federalreserve.gov/releases/g20/current/

February 28, 2008 - The Federal Reserve Board on Thursday requested public comment on proposed changes to its Payments System Risk policy that are intended to loosen intraday liquidity constraints and reduce operational risks in financial markets and the payments system. The Board is proposing a new strategy for providing intraday credit to depository institutions and would encourage these institutions to collateralize their daylight overdrafts. www.federalreserve.gov/newsevents/press/other/20080228a.htm

February 28, 2008 - Request for comment on proposed change to daylight overdraft posting rules under Board's Payments System Risk policy.   www.federalreserve.gov/newsevents/press/other/20080228b.htm

February 27, 2008 - Mr. John Munn has replaced Mr. Antonakes as a member of the FFIEC.   www.ffiec.gov/members.htm

February 27, 2008 - Comptroller Dugan Outlines Steps In Response to Losses by Banks and Investors Holding Tranches of Securities Considered Safe - Comptroller of the Currency John C. Dugan today outlined steps that should be considered in response to the very large losses incurred by banks and other investors who held tranches of securities that were considered so safe as to be almost impervious to loss. www.occ.treas.gov/ftp/release/2008-22.htm

February 27, 2008 - On the Application of Automatic Differentiation to the Likelihood Function for Dynamic General Equilibrium Models - Houtan Bastani and Luca Guerrieri - A key application of automatic differentiation is to facilitate numerical optimization problems. Such problems are at the core of many estimation techniques, including maximum likelihood. www.federalreserve.gov/pubs/ifdp/2008/920/ifdp920.htm

February 27, 2008 - Chairman Ben S. Bernanke - Semiannual Monetary Policy Report to the Congress - Before the Committee on Financial Services, U.S. House of Representatives.   www.federalreserve.gov/newsevents/testimony/bernanke20080227a.htm

February 27, 2008 - Governor Frederic S. Mishkin - The Importance of Economic Education and Financial Literacy - At the Third National Summit on Economic and Financial Literacy, Washington, D.C. www.federalreserve.gov/newsevents/speech/mishkin20080227a.htm

February 26, 2008 - Does the NEA Crowd Out Private Charitable Contributions to the Arts? - Jane K. Dokko - In this paper, I extend a theoretical model of the crowding out hypothesis, whereby government contributions to a public good displace private giving, in order to illustrate how dollar-for-dollar crowding out is possible even when individuals regard their own contributions and government grants as imperfect substitutes. www.federalreserve.gov/pubs/feds/2008/200810/index.html

February 26, 2008 - Statistical Release - Large Commercial Banks - Insured U.S.-Chartered Commercial Banks That Have Consolidated Assets Of $300 Million Or More, Ranked By Consolidated Assets As Of December 31, 2007. www.federalreserve.gov/releases/lbr/current/default.htm

February 26, 2008 - Banks and Thrifts Earned $105.5 Billion in 2007 Fourth-quarter Results Lowest in 16 Years - Commercial banks and savings institutions insured by the Federal Deposit Insurance Corporation reported net income of $105.5 billion in 2007, a decline of $39.8 billion (27.4 percent) from the record $145.2 billion that the industry earned in 2006. www.fdic.gov/news/news/press/2008/pr08015.html

February 26, 2008 - Vice Chairman Donald L. Kohn - The U.S. Economy and Monetary Policy - At the University of North Carolina at Wilmington, Cameron School of Business' Business Week Program, Wilmington, North Carolina. www.federalreserve.gov/newsevents/speech/kohn20080226a.htm

February 26, 2008 - The Federal Reserve Board on Tuesday released the minutes of its discount rate meetings from January 21 through January 30, 2008. www.federalreserve.gov/newsevents/press/monetary/20080226b.htm

February 26, 2008 - On February 25, 2008, the Federal Reserve conducted an auction of $30 billion in 28-day credit through its Term Auction Facility. Following are the results of the auction.   www.federalreserve.gov/newsevents/press/monetary/20080226a.htm

February 25, 2008 - Savings Resources for Consumers - Having savings and an emergency fund helps you manage your personal finances and achieve your short- and long-term goals. The following resources provide information and links to agencies and organizations that may be able to help you. www.federalreserve.gov/consumerinfo/savingsresources.htm

February 25, 2008 - The Federal Reserve Board on Monday announced its approval of the proposal by Frandsen Financial Corporation, Arden Hills, Minnesota, to acquire First National Bank of Montgomery, Montgomery, Minnesota. www.federalreserve.gov/newsevents/press/orders/20080225a.htm

February 25, 2008 - January Economic Growth Below Average - The Chicago Fed National Activity Index was -0.58 in January, up from -0.69 in December. www.chicagofed.org/economic_research_and_data/files/cfnai_february2008.pdf

February 25, 2008 - Flood Disaster Protection Act: Flood Hazard Determination Practices - Entities should rely on the Community Status Book rather than the Flood Map Status Information Service when determining whether a community is in a flood hazard area. www.occ.treas.gov/ftp/bulletin/2008-4.html

February 25, 2008 - FDIC Makes Public January Enforcement Actions; No Administrative Hearings are 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. www.fdic.gov/news/news/press/2008/pr08014.html

February 25, 2008 - Governor Frederic S. Mishkin - Does Stabilizing Inflation Contribute to Stabilizing Economic Activity? - At East Carolina University's Beta Gamma Sigma Distiguished Lecture Series, Greenville, North Carolina.   http://www.federalreserve.gov/newsevents/speech/mishkin20080225a.htm

February 25, 2008 - Governor Randall S. Kroszner - Improving Risk Management in Light of Recent Market Events - At the Global Association of Risk Management Professionals Annual Risk Convention, New York, New York.   http://www.federalreserve.gov/newsevents/speech/kroszner20080225a.htm

February 22, 2008 - Educated Young Workers and Regional Growth - In a recent blog posting, Associate Economist Britton Lombardi discusses competition among states for young, well-educated workers. http://midwest.chicagofedblogs.org/

February 22, 2008 - On February 25, 2008, the Federal Reserve will offer $30 billion in 28-day credit through its Term Auction Facility. Additional information regarding the auction is listed below; the auction will be conducted as specified in this Announcement, Regulation A, and the terms and conditions of the Term Auction Facility www.federalreserve.gov/newsevents/press/monetary/20080222a.htm
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February 21, 2008 - OCC Announces New Electronic Interpretations and Actions - February 2008. www.occ.treas.gov/interp/feb08/intfeb08.htm

February 21, 2008 - OCC Enforcement Actions - The Office of the Comptroller of the Currency today released new enforcement actions taken against national banks and individuals currently and formerly affiliated with national banks. www.occ.treas.gov/ftp/release/2008-21.htm

February 21, 2008 - NCUA - Results of the 02/21/2008 NCUA Board Meeting are available.   www.ncua.gov/NCUABoard/board_reports/February21.pdf

February 20, 2008 - OCC Releases CRA Evaluations For 27 National Banks.   www.occ.treas.gov/ftp/release/2008-20.htm

February 20, 2008 - Revisions to the Consolidated Reports of Condition and Income for 2008 - The Federal Financial Institutions Examination Council has approved revisions to the reporting requirements for the Consolidated Reports of Condition and Income. These regulatory reporting revisions will be implemented as of March 31, 2008, although the reporting of certain new items will be optional for this initial report date and will be required beginning June 30, 2008. www.ffiec.gov/PDF/FFIEC_forms/FFIEC031_FFIEC041_FIL13_20080220.pdf

February 20, 2008 - The Federal Reserve Board and the Federal Open Market Committee on Wednesday released the attached minutes of the Committee meeting held on January 29-30, 2008, and of conference calls held on January 9 and January 21, 2008. www.federalreserve.gov/newsevents/press/monetary/20080220a.htm

February 20, 2008 - Continued Housing Market Distress Causes Fourth Quarter Loss for Thrift Industry - The thrift industry posted a record loss of $5.24 billion for the fourth quarter of 2007, as institutions responded to a downturn in the housing market by taking write-downs, recording restructuring costs and setting aside record levels of provisions for anticipated loan losses, the Office of Thrift Supervision reported today. www.ots.treas.gov/docs/7/778005.html

February 20, 2008 - Revisions to the Consolidated Reports of Condition and Income for 2008 - The Federal Financial Institutions Examination Council has approved revisions to the reporting requirements for the Consolidated Reports of Condition and Income. These regulatory reporting revisions will be implemented as of March 31, 2008, although the reporting of certain new items will be optional for this initial report date and will be required beginning June 30, 2008. www.fdic.gov/news/news/financial/2008/fil08013.html

February 19, 2008 - Statistical Release - Charge-Off and Delinquency Rates on Loans at Commercial Banks.   www.federalreserve.gov/releases/chargeoff/

February 19, 2008 - Fair Isaac CEO to Speak at Conference - Mark Green, head of Fair Isaac, will be featured participant at Chicago Fed Payment Conference. www.chicagofed.org/news_and_conferences/conferences_and_events/2008_payments_conference.cfm

February 19, 2008 - Notice of Comptroller of the Currency Fees for Year 2008: Fee Structure Revision - This bulletin informs all national banks and federal branches and agencies of changes to fees charged by the OCC for year 2008. Changes are effective today, February 19. www.occ.treas.gov/ftp/bulletin/2008-3.html

February 19, 2008 - Office of the Comptroller of the Currency Lowers Assessment Fees for National Banks - The Office of the Comptroller of the Currency today announced that it was recalibrating its assessment structure with the result that all national banks will pay modestly lower assessment fees, effective March 31, 2008. www.occ.treas.gov/ftp/release/2008-19.htm

February 19, 2008 - The FDIC at 75: How It Protects Consumers and How Consumers Can Protect Themselves - Latest FDIC Consumer News also includes a to-do list for fine-tuning finances and an update on help for mortgage borrowers - In the 75 years since the FDIC was created, no depositor has ever lost a single penny of FDIC-insured funds. But while the FDIC may be "famous since 1933," consumers may not fully understand how the agency serves them and how to benefit by more fully using the FDIC's products and services. www.fdic.gov/news/news/press/2008/pr08013.html

February 19, 2008 - The Federal Reserve Board on Tuesday announced the execution of a Written Agreement by and between ANB Bancshares, Inc., Rogers, Arkansas and the Federal Reserve Bank of St. Louis. www.federalreserve.gov/newsevents/press/enforcement/20080219a.htm

February 15, 2008 - FDIC 2007 Annual Report - Annual Report Now Available on FDIC Web Site - The FDIC is pleased to announce that its 2007 Annual Report is now available on the FDIC Web site. www.fdic.gov/news/news/financial/2008/fil08009.html

February 15, 2008 - FDIC Reports Year-End 2007 Financial Results for the Deposit Insurance Fund and the FSLIC Resolution Fund - Unqualified Audit Opinions on Funds' Financial Statements Issued by the Government Accountability Office - The Federal Deposit Insurance Corporation today announced that the Corporation has received its sixteenth consecutive set of unqualified audit opinions on the financial statements of the two funds that it manages - the Deposit Insurance Fund and the FSLIC Resolution Fund www.fdic.gov/news/news/press/2008/pr08012.html

February 15, 2008 - Statistical Supplement to the Federal Reserve Bulletin January 2008.   www.federalreserve.gov/pubs/supplement/2008/01/default.htm

February 15, 2008 - Industrial production increased 0.1 percent in January for a second consecutive month. Output in the manufacturing sector was unchanged in January, as lower output of motor vehicles and parts offset a small net gain elsewhere. The output of utilities climbed 2.2 percent, while the output of mines moved down 1.8 percent. At 114.2 percent of its 2002 average, overall industrial production was 2.3 percent above its January 2007 level. The rate of capacity utilization in January was unchanged, at 81.5 percent, a rate 0.4 percentage point above its year-earlier level and 0.5 percentage point above its 1972-2007 average. www.federalreserve.gov/releases/g17/Current/default.htm

February 15, 2008 - NCUA Issues Prohibition Orders - The National Credit Union Administration Board has issued orders prohibiting the following people from participating in the affairs of any federally insured financial institution. www.ncua.gov/news/press_releases/2008/MR08-0214.htm

February 15, 2008 - Office of the Comptroller of the Currency Provides Consumer Tips - At National Consumer Protection Week Event on Capitol Hill - The Office of the Comptroller of the Currency promoted awareness of consumer protection resources during today's National Consumer Protection Week event on Capitol Hill. www.occ.treas.gov/ftp/release/2008-18.htm

February 15, 2008 - Governor Frederic S. Mishkin - The Federal Reserve's Tools for Responding to Financial Disruptions - At the Tuck Global Capital Markets Conference, Tuck School of Business, Dartmouth College, Hanover, New Hampshire www.federalreserve.gov/newsevents/speech/mishkin20080215a.htm
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February 14, 2008 - OTS Director Reich to Discuss Thrift Industry Fourth Quarter - The Office of Thrift Supervision will hold a news briefing at 10 a.m. on Wednesday, February 20, 2008, to release and discuss performance data for federally regulated thrifts for the fourth quarter of 2007. OTS Director John M. Reich will conduct the briefing. www.ots.treas.gov/docs/7/778004.html

February 14, 2008 - OCC Chief Information Officer Bajinder Paul Named to Fed 100 - Office of the Comptroller of the Currency's Chief Information Officer Bajinder N. Paul earned recognition today as one of Federal Computer Week's "Federal 100" for 2008. www.occ.treas.gov/ftp/release/2008-17.htm

February 14, 2008 - Comptroller Dugan Responds to Governor Spitzer - Comptroller of the Currency John C. Dugan issued the following statement today, responding to comments from New York Governor Eliot Spitzer.   www.occ.treas.gov/ftp/release/2008-16.htm

February 14, 2008 - Fourth Quarter Brings Booming Farmland Values, Survey Finds.
www.kc.frb.org/Pubaffrs/Pressrel/2008pdf/pr08-01.pdf

February 14, 2008 - Letter to Stakeholders - Fourth Quarter 2007 Edition of FDIC's Letter to Stakeholders - The FDIC has issued the attached Letter to Stakeholders from FDIC Chairman Sheila Bair, which reports on the FDIC's activities and year-end financial statistics for 2007. www.fdic.gov/news/news/financial/2008/fil08008.html

February 14, 2008 - The Human Capital That Matters: Expected Returns and the Income of Affluent Households - Sean D. Campbell and George M. Korniotis - We implement the human capital CAPM using the income growth of high income households, rather than aggregate income growth, to proxy the return to human capital. We find that identifying the HCRT with the income growth of affluent households, those who are most likely to hold stocks, substantially improves the performance of the HCAPM. www.federalreserve.gov/pubs/feds/2008/200809/index.html

February 14, 2008 - The "Growing Pains" of TIPS Issuance - Jennifer E. Roush - This paper provides updated calculations of the relative cost to the U.S. Treasury of previously issued TIPS by comparing the payment stream on each security to that of hypothetical nominal counterpart. www.federalreserve.gov/pubs/feds/2008/200808/index.html

February 14, 2008 - Testimony of Patrick M. Parkinson, Deputy Director, Division of Research and Statistics - Bond insurance.   www.federalreserve.gov/newsevents/testimony/parkinson20080214a.htm

February 14, 2008 - Testimony of Chairman Ben S. Bernanke - The economy and financial markets.   www.federalreserve.gov/newsevents/testimony/bernanke20080214a.htm

February 13, 2008 - Cutting Down Carbon Emissions - Chicago Fed Letter analyzes market-based and technology-driven approaches to carbon emission reduction. www.chicagofed.org/publications/fedletter/cflmarch2008_248a.pdf

February 13, 2008 - Alternatives for Distressed Banks and the Panics of the Great Depression - Mark Carlson - Several studies have explored whether the banking panics of the Great Depression caused some institutions to fail that might otherwise have survived. This paper adopts a different approach and investigates whether the panics resulted in the failure and liquidation of banks that might otherwise have been able to pursue a less disruptive resolution strategies such as merging with another institution or suspending operations and recapitalizing. www.federalreserve.gov/pubs/feds/2008/200807/index.html

February 13, 2008 - Finance and Economics Discussion Series Challenges in Macro-Finance Modeling - Don Kim - This paper discusses various challenges in the specification and implementation of "macro-finance" models in which macroeconomic variables and term structure variables are modeled together in a no-arbitrage framework. www.federalreserve.gov/pubs/feds/2008/200806/index.html

February 13, 2008 - The TIPS Yield Curve and Inflation Compensation - Refet S. Gürkaynak, Brian Sack, and Jonathan H. Wright - For over ten years, the U.S. Treasury has issued index-linked debt. Federal Reserve Board staff have fitted a yield curve to these indexed securities at the daily frequency from the start of 1999 to the present. This paper describes the methodology that is used and makes the estimates public. www.federalreserve.gov/pubs/feds/2008/200805/index.html

February 13, 2008 - OCC Deputy Comptroller for Compliance Policy Testifies Before House Financial Services Committee - Deputy Comptroller for Compliance Policy Ann F. Jaedicke discussed the Community Reinvestment Act in testimony today before the House Committee on Financial Services. www.occ.treas.gov/ftp/release/2008-15.htm

February 13, 2008 - Sandra F. Braunstein, Director, Division of Consumer and Community Affairs - The Community Reinvestment Act - Before the Committee on Financial Services, U.S. House of Representatives. www.federalreserve.gov/newsevents/testimony/braunstein20080213a.htm

February 12, 2008 - Statistical Release - U.S. Reserve Assets; Foreign Official Assets Held at Federal Reserve Banks.   www.federalreserve.gov/releases/bulletin/0108assets.htm

February 12, 2008 - The Federal Reserve Board on Tuesday approved amendments to Appendix A of Regulation CC that reflect the restructuring of the Federal Reserve's check processing operations in the Tenth and Eleventh Districts. www.federalreserve.gov/newsevents/press/bcreg/20080212a.htm

February 12, 2008 - Comptroller Dugan Urges Action to Help Communities Suffering from Effects of Mortgage Foreclosure Crisis - Comptroller of the Currency John C. Dugan called for an amendment to the Community Reinvestment Act regulation to provide CRA consideration for community development investments in middle-income communities that are distressed as a result of mortgage foreclosures and related economic factors affecting the area. www.occ.treas.gov/ftp/release/2008-14.htm

February 12, 2008 - Federal Reserve announces results of auction of $30 billion in 28-day credit held on February 11, 2008.   www.federalreserve.gov/newsevents/press/monetary/20080212a.htm

February 11, 2008 - First Quarter Economic Perspectives Now Available - A quarterly journal of in-depth articles reporting on the Bank's economic research. www.chicagofed.org/economic_research_and_data/economic_perspectives.cfm

February 11, 2008 - OCC Releases Quarterly Journal, Vol. 26, No. 1 (March 2007) on the Web - Includes year-end 2006 condition and performance of banks; corporate structure and financial performance tables, links to speeches and interpretive letters, and other policy and data. www.occ.treas.gov/qj/qj.htm

February 11, 2008 - OCC Issues Suspension Notice Against the Chairman of the Board of Directors of First National Community Bank, Dunmore, Pennsylvania - The Office of the Comptroller of the Currency announced today that it has suspended Louis A. DeNaples, Chairman of the Board of Directors of First National Community Bank, Dunmore, PA, from office, and prohibited him from any participation in any other depository institutions, while his criminal charges for perjury are pending. www.occ.treas.gov/ftp/release/2008-13.htm

February 11, 2008 - Regulatory Relief Guidance to Help Financial Institutions and to Facilitate Recovery in Areas of Arkansas and Tennessee Affected by Severe Storms and Tornadoes - The Federal Deposit Insurance Corporation has announced a series of steps intended to provide regulatory relief to financial institutions and to facilitate recovery in areas of Arkansas and Tennessee affected by recent severe storms and tornadoes. www.fdic.gov/news/news/financial/2008/fil08007.html

February 11, 2008 - FDIC Makes Public December Enforcement Actions; No Administrative Hearings are Scheduled - The Federal Deposit Insurance Corporation today released a list of orders of administrative enforcement actions taken against banks and individuals in December. No administrative hearings are scheduled. www.fdic.gov/news/news/press/2008/pr08011.html

February 8, 2008 - Fiorello and Clarke Join St. Louis Fed's Agribusiness Industry Council - Sam Fiorello, chief operating officer and senior vice president for administration and finance at the Donald Danforth Plant Sciences Center, and John Lawrence "Larry" Clarke, executive vice president of Bunge North America, have joined the Agribusiness Industry Council of the Federal Reserve Bank of St. Louis. www.stlouisfed.org/news/releases/2008/02_08_08.html

February 8, 2008 - Notary and Bank Seals: Guidance on Notary or Bank Seal Requirements - To enable banks to file more applications electronically, the OCC no longer requires banks to notarize or affix their seals to certain documents. www.occ.treas.gov/ftp/bulletin/2008-2.html

February 8, 2008 - The Office of the Comptroller of the Currency Names Larry Hattix to be Ombudsman - The Office of the Comptroller of the Currency announced today that Larry L. Hattix, currently Assistant Deputy Comptroller for the Cincinnati/Columbus Field Office, has been named the agency's Ombudsman. He will succeed Samuel P. Golden, who will retire in March. www.occ.treas.gov/ftp/release/2008-12.htm

February 8, 2008 - Federal Reserve will offer $30 billion in 28-day credit through its term auction facility on February 11, 2008 www.federalreserve.gov/newsevents/press/monetary/20080208a.htm
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February 7, 2008 - OCC Encourages National Banks to Work with Customers Affected by Tornadoes in Alabama, Arkansas, Kentucky, Mississippi and Tennessee - The Office of the Comptroller of the Currency has outlined measures to assist national banks and their customers affected by the tornadoes in Alabama, Arkansas, Kentucky, Mississippi and Tennessee. www.occ.treas.gov/ftp/release/2008-11.htm

February 7, 2008 - Optimal Fiscal and Monetary Policy in Customer Markets - David M. Arseneau and Sanjay K. Chugh - A growing body of evidence suggests that ongoing relationships between consumers and firms may be important for understanding price dynamics. We investigate whether the existence of such customer relationships has important consequences for the conduct of both long-run and short-run policy. www.federalreserve.gov/pubs/ifdp/2008/919/ifdp919.htm

February 7, 2008 - Statistical Release - G.19 Consumer Credit - Consumer credit increased at an annual rate of 4-1/2 percent in the fourth quarter of 2007 and rose 5-1/2 percent over the year as a whole. In December, consumer credit increased at an annual rate of 2 percent. www.federalreserve.gov/releases/g19/Current/

|February 7, 2008 - The Value Chain Case for Health Care Reform - A conference summary - Sam Kahan William A. Testa. www.chicagofed.org/publications/fedletter/cflmarch2008_248.pdf

February 7, 2008 - Request for comment on proposed changes to Regulations D and I to incorporate provisions of the Financial Services Regulatory Relief Act of 2006. www.federalreserve.gov/newsevents/press/bcreg/20080207a.htm

February 7, 2008 - OCC Focuses on Low-Income Housing Tax Credit Program - The Office of the Comptroller of the Currency today published a Community Developments Insights report that describes how the Low-Income Housing Tax Credit program is used to develop affordable rental housing and the major considerations facing bank investors who invest in these credits. www.occ.treas.gov/ftp/release/2008-10.htm

February 6, 2008 - NCUA - Vice Chairman Hood Underscores the Need for Effective Enterprise Risk Management in the Current Economic Climate.   www.ncua.gov/news/press_releases/2008/MA08-0205.htm

February 6, 2008 - OTS Director Reich Addresses National Association of Mortgage Brokers - Office of Thrift Supervision Director John Reich addressed the National Association of Mortgage Brokers today during its Legislative & Regulatory Conference in Washington. www.ots.treas.gov/docs/7/778003.html

February 6, 2008 - St. Louis Fed Promotes Eight - The Federal Reserve Bank of St. Louis announced the following promotions.   www.stlouisfed.org/news/releases/2008/02_05_08a.html

February 6, 2008 - Interagency Statement on Pandemic Planning Guidance for Minimizing a Pandemic's Potential Adverse Effects - The Federal Financial Institutions Examination Council has issued the attached "Interagency Statement on Pandemic Planning" (Statement) identifying actions that financial institutions should take to minimize the potential adverse effects of a pandemic. www.fdic.gov/news/news/financial/2008/fil08006.html

February 6, 2008 - The Federal Reserve Board announced Wednesday that the Consumer Advisory Council will hold its next meeting on Thursday, March 6. The meeting will take place in Dining Room E, Terrace Level, in the Board's Martin Building. The session will begin at 9:00 a.m. and is open to the public. www.federalreserve.gov/newsevents/press/other/20080206a.htm

February 5, 2008 - NCUA - Vice Chairman Hood Underscores Need For Effective Enterprise Risk Management In The Current Economic Climate.   www.ncua.gov/news/press_releases/2008/MR08-0205.htm

February 5, 2008 - San Francisco Fed's Los Angeles Branch Announces 2008 Board of Directors - Two new members have joined the Federal Reserve Bank of San Francisco's Los Angeles Branch board of directors. Grace Evans Cherashore, president and CEO of San Diego-based Evans Hotels, and Eric L. Holoman, president of Magic Johnson Enterprises located in Beverly Hills, were both appointed for terms beginning January 1, 2008. www.frbsf.org/news/releases/2008/0205.html

February 5, 2008 - Mallory Named to Federal Advisory Council - Lewis F. Mallory Jr., chairman and CEO of Cadence Financial Corporation in Starkville, Miss., has been appointed as the representative for the Federal Reserve's Eighth District to serve on the Federal Advisory Council. www.stlouisfed.org/news/releases/2008/02_05_08.html

February 5, 2008 - The Federal Reserve Board on Tuesday announced its approval of the proposal by Royal Bank of Canada, Montreal, Canada, and its subsidiary bank holding companies to acquire Alabama National BanCorporation, Birmingham, Alabama, and its subsidiary banks. www.federalreserve.gov/newsevents/press/orders/20080205a.htm

February 5, 2008 - OTS to Donate Laptop Computers for City's Youth - Office of Thrift Supervision Director John M. Reich will donate more than 200 laptop computers on behalf of OTS next week for young people to use in recreation centers across Washington, D.C. www.ots.treas.gov/docs/7/778002.html

February 5, 2008 - FDIC Selects Participants for Its Small-Dollar Loan Study - The Federal Deposit Insurance Corporation today announced the selection of 30 banks to participate in a two-year pilot project to help the agency identify best practices in affordable small-dollar loan programs that can be replicated by other financial institutions. www.fdic.gov/news/news/press/2008/pr08010.html

February 5, 2008 - FDIC Issues List of Banks Examined for CRA Compliance - The Federal Deposit Insurance Corporation today issued its list of state nonmember banks recently evaluated for compliance with the Community Reinvestment Act. www.fdic.gov/news/news/press/2008/pr08009.html

February 4, 2008 - The January 2008 Senior Loan Officer Opinion Survey on Bank Lending Practices addressed changes in the supply of, and demand for, bank loans to businesses and households over the past three months. www.federalreserve.gov/boarddocs/SnLoanSurvey/200801/default.htm

February 4, 2008 - The Federal Reserve Board on Monday announced its approval of the application filed by First National Bank Group, Inc., Edinburg, to acquire up to 9.9 percent of the voting shares and control of Southside Bancshares, Incorporated, Tyler, both in Texas. www.federalreserve.gov/newsevents/press/orders/20080204a.htm

February 4, 2008 - Speech by Governor Randall S. Kroszner - Protecting Homeowners and Sustaining Home Ownership.   www.federalreserve.gov/newsevents/speech/kroszner20080204a.htm

February 4, 2008 - The Federal Reserve Board on Monday announced the execution of a Written Agreement by and among Salin Bank and Trust Company, Indianapolis, Indiana, the Federal Reserve Bank of Chicago, and the Indiana Department of Financial Institutions. www.federalreserve.gov/newsevents/press/enforcement/20080201a.htm

February 1, 2008 - Annual Audit and Reporting Requirements Internal Control Attestation Standards for Independent Auditors - The FDIC is providing the attached guidance on the internal control attestation standards that auditors of insured institutions with $1 billion or more in total assets should follow to comply with the FDIC's audit and reporting requirements in Part 363 of the FDIC's regulations. www.fdic.gov/news/news/financial/2008/fil08005.html

February 1, 2008 - Foreign Exchange Rates - The Table Below Shows The Average Rates Of Exchange In January 2008 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/

February 1, 2008 - Federal Reserve will conduct two auctions of 28-day credit through its term auction facility in February www.federalreserve.gov/newsevents/press/monetary/20080201a.htm

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