Bank Regulatory News
July 2001
July 31, 2001 - Statistical Release E.2 Survey of Terms of
Business Lending
www.federalreserve.gov/Releases/E2/Current/e2.pdf
July 30, 2001 - NCUA - The National Credit Union Administration
announced that it has issued an Order of Prohibition against Patsy Gatson,
former manager of Common Ground Community Federal Credit Union located in
Dallas, Texas.
www.ncua.gov/news/press_releases/pr073001.html
July 30, 2001 - FDIC RELEASES BROKER DEPOSIT WEB PAGE - The Federal
Deposit Insurance Corporation today launched a Web page that can make it
quicker and easier for deposit brokers to submit the information that
enables the FDIC to make deposit insurance determinations for brokered
deposits held at FDIC-insured financial institutions.
www.fdic.gov/news/news/press/2001/pr5301.html
July 30, 2001 - Advisory Letter: Authentication in an Electronic
Banking Environment - The Federal Financial Institutions Examination
Council has released the attached guidance, "Authentication in an
Electronic Banking Environment."
Press Release - www.occ.treas.gov/ftp/advisory/2001-8.txt
Attachment - www.occ.treas.gov/ftp/advisory/2001-8a.pdf
July 30, 2001 - Federal Open Market Committee Transcripts of 1989
meetings
www.federalreserve.gov/fomc/transcripts/transcripts_1989.htm
July 27, 2001 - FDIC ESTABLISHES NEW SAVINGS BANK AS SUCCESSOR TO
SUPERIOR BANK, F.S.B, HINSDALE, ILLINOIS - The Federal Deposit Insurance
Corporation today transferred the insured deposits and substantially all
the assets of Superior Bank, FSB, Hinsdale, Illinois, to Superior Federal,
FSB (New Superior), a newly chartered, full-service mutual savings bank.
Superior Bank, with total assets of $2.3 billion and total deposits of
$1.6 billion, was closed earlier today by the Office of Thrift
Supervision, and the FDIC was named conservator.
www.fdic.gov/news/news/press/2001/pr5201.html
__________
July 27, 2001 - The Federal Deposit Insurance Corporation today
transferred the insured deposits and substantially all the assets of
Superior Bank, FSB, Hinsdale, Illinois, to Superior Federal, FSB (New
Superior), a newly chartered, full-service mutual savings bank. Superior
Bank, with total assets of $2.3 billion and total deposits of $1.6
billion, was closed earlier today by the Office of Thrift Supervision, and
the FDIC was named conservator. http://www.fdic.gov/news/news/press/2001/pr5201.html
July 27, 2001 - The March 31, 2001 Uniform Bank Performance Report (UBPR) now
being distributed to all insured commercial banks and Federal Deposit Insurance
Corporation - Insured Savings Banks (FDIC-ISB) is now available for sale to the
public.
www.ffiec.gov/press/pr072701.htm
July 26, 2001 - Comptroller Hawke Urges Congress to Address
Unfair Treatment of National Banks in Deposit Insurance System
Press Release - www.occ.treas.gov/ftp/release/2001-67.txt
Attachment - www.occ.treas.gov/ftp/release/2001-67a.txt
Attachment - www.occ.treas.gov/ftp/release/2001-67b.txt
Attachment - www.occ.treas.gov/ftp/release/2001-67c.pdf
July 27, 2001 - NCUA - Children’s Online Privacy Protection Act (COPPA)
www.ncua.gov/ref/reg_alerts/01-RA-07.pdf
July 27, 2001 - NCUA -Liability Management – Highly Rate-Sensitive &
Volatile Funding Sources - This is the third letter on the topic of risk
management to provide guidance on balance sheet risk.
www.ncua.gov/ref/letters/01-CU-08.pdf
July 26, 2001 - Fraud Prevention Regarding the Issuance of Tax Relief
Treasury Checks - Attached is a copy of the Department of the Treasury, U.S.
Secret Service - Financial Crimes Division memorandum alerting financial
institutions and others who negotiate U.S.
http://www.occ.treas.gov/ftp/alert/2001-6.txt
July 26, 2001 - Vice Chairman Roger W. Ferguson, Jr., this morning took the
oath of office to a new term on the Board of Governors of the Federal Reserve
System.
www.federalreserve.gov/boarddocs/press/General/2001/20010726/default.htm
July 26, 2001 - Testimony of Governor Laurence H. Meyer Federal deposit
insurance reform 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/2001/20010726/default.htm
July 26, 2001 - The Federal Financial Institutions Examination Council
(FFIEC) today announced the availability of data for the year 2000 regarding
mortgage lending transactions at 7,713 financial institutions covered by the
Home Mortgage Disclosure Act (HMDA) in metropolitan statistical areas (MSAs)
throughout the nation.
www.ffiec.gov/hmcrpr/hm072601.htm
July 26, 2001 - The Federal Financial Institutions Examination Council
(FFIEC) today announced the availability of data on small business, small farm,
and community development lending reported by commercial banks and thrifts.
www.ffiec.gov/hmcrpr/cra072601.htm
July 26, 2001 - OTS Director Seidman Urges Support For Broad-Based Deposit
Insurance Reform - Office of Thrift Supervision Director Ellen Seidman told the
House Financial Institutions subcommittee today that Congress should undertake a
comprehensive reform of the nation’s deposit insurance system, building on the
work of the FDIC.
www.ots.treas.gov/docs/77150.html
July 26, 2001 - NCUA - Legal Opinion Letter 01-0631 -- Consumer
Complaints
www.ncua.gov/ref/opinion_letters/01-0631.html
July 26, 2001 - NCUA - Final rule enhances FCU competitive powers - The NCUA
Board issued final rule changes to Part 721 that enhance federal credit union
incidental powers activities, re-title Part 721, categorize activities
considered incidental powers and establish an application process for new
activities.
www.ncua.gov/news/board_reports/BAB072601.html
July 26, 2001 - NCUA - Involuntary Liquidation of Federal Credit Unions and
Adjudication of Creditor Claims Involving Federally-Insured Credit Unions in
Liquidation
www.ncua.gov/news/proposed_regs/12CFRPart709-12-final.html
July 26, 2001 - NCUA - Federal Credit Union Incidental Powers Activities -
The National Credit Union Administration is issuing a final rule that
revises a regulation by categorizing activities deemed to be within the
incidental powers of a federal credit union.
www.ncua.gov/news/proposed_regs/12CFRPart721-final.html
July 26, 2001 - NCUA - Records Preservation Program and Record
Retention Appendix [Revised]
www.ncua.gov/news/proposed_regs/12CFRPart749-final.html
July 26, 2001 - NCUA - Credit Union Service Organizations (CUSOs) - NCUA is
revising its rule concerning federal credit union investments in and loans
to credit union service organizations.
www.ncua.gov/news/proposed_regs/12CFRPart712-final.html
July 26, 2001 - NCUA - PROMPT CORRECTIVE ACTION; REQUIREMENTS FOR INSURANCE
- NCUA proposes to amend its rule concerning financial and statistical reports
to require all federally-insured credit unions to file quarterly Financial and
Statistical Reports with NCUA.
www.ncua.gov/news/proposed_regs/12CFRParts702and741-proposed.html
July 26, 2001 - NCUA - Draft Board Actions for 26 July 2001 Board Meeting
posted
www.ncua.gov/news/draftboardactions/index.html
July 25, 2001 - NCUA COMPLETES EXTENSIVE WORKING VISIT WITH IRISH CREDIT UNION
LEADERS FOLLOWING DOLLAR’S INTERNATIONAL INVITATION - National Credit Union
Administration Acting Chairman Dennis Dollar hosted a working visit for a
delegation of credit union leaders from Ireland at the National Credit Union
Administration headquarters in Alexandria, Virginia this week. The delegation
began its extensive sessions at NCUA on Monday and concluded them Wednesday.
www.ncua.gov/news/press_releases/nr072501.html
July 25, 2001 - Board actions will be posted on NCUA’s Web site -
Beginning July 26, one hour before each open meeting NCUA will post on its Web
site the available Draft Board Action items the Board intends to consider at
that day’s scheduled open meeting. Changes to Board actions made during the
meeting will be posted at the same location as soon as possible after the Board
meeting ends.
www.ncua.gov/news/press_releases/pr072501.html
July 25, 2001 - Interagency Policy Statement on Allowance for Loan and Lease
Losses (ALLL) Methodologies and Documentation for Banks and Savings Associations
-The Federal Deposit Insurance Corporation (FDIC) and the other federal banking
agencies, under the auspices of the Federal Financial Institutions Examination
Council (FFIEC), have jointly issued the attached Policy Statement on Allowance
for Loan and Lease Losses (ALLL) Methodologies and Documentation for Banks and
Savings Institutions.
www.fdic.gov/news/news/financial/2001/fil0163.html
July 24, 2001 - FFIEC -Updated the memo (PDF) regarding the delay of the
March 31, 2001 UBPR.
www.ffiec.gov/PDF/UBPR/delay200103.pdf
July 24, 2001 - Finance and Economics Discussion Series - 2001 FEDS papers
www.federalreserve.gov/Pubs/Feds/2001/index.html
July 23, 2001 - The Federal Reserve Board today announced the issuance of a
Cease and Desist Order against Kenneth Goglia, a former Managing Director of the
Bankers Trust Company, New York, New York.
www.federalreserve.gov:80/boarddocs/press/Enforcement/2001/20010723/default.htm
July 23, 2001 - Productivity in banking - FRBSF Economic Letter #2001-22
dated July 27, 2001 - In the latest Economic Letter, Fred Furlong, San Francisco
Federal Reserve Bank Economist and Vice President of Financial and Regional
Studies, discusses productivity trends in banking, focusing on the role of
deregulation as well as on the impact of information technology on the
industry’s labor needs.
www.frbsf.org/news/releases/2001/010723.html
July 20, 2001 - Electronic Banking: Notice of Proposed Rulemaking -
The attached proposed rule provides guidance to national banks regarding
permissible electronic banking activities.
Release: www.occ.treas.gov/ftp/bulletin/2001-36.txt
Attachment: www.occ.treas.gov/ftp/bulletin/2001-37a.pdf
July 20, 2001 - The National Credit Union Administration announced that it
has issued an Order of Prohibition against Thomas W. Burrill, former manager of
Transport Federal Credit Union located in Federal Way, Washington.
www.ncua.gov/news/press_releases/pr072001b.html
July 20, 2001 - The National Credit Union Administration announced that it
has issued an Order of Prohibition against Sharon Brady-Grayer, a former
consumer loan specialist with Texas Association of Professionals Federal Credit
Union located in San Antonio, Texas.
www.ncua.gov/news/press_releases/pr072001a.html
July 20, 2001 - Financial Holding Companies - Under the Bank Holding Company
Act, bank holding companies may elect to be financial holding companies.
www.federalreserve.gov/generalinfo/fhc/default.htm
July 20, 2001 - Review: A Tribute to Monetary Policymaker Darryl Francis - A
former president and CEO of the Federal Reserve Bank of St. Louis whose
leadership earned the St. Louis Fed a reputation as a "maverick"
within the Federal Reserve System is honored in the July/August issue of Review,
the Reserve Bank's bimonthly publication of economic and business issues.
www.stls.frb.org:80/general/releases/rel01/nr0720.html
July 20, 2001 - OTS Approves Full-Service Thrift Charter for Allstate Corp. -
The Office of Thrift Supervision announced today that it has approved an
application from The Allstate Corporation for a full-service thrift charter for
its subsidiary, Allstate Bank, Northbrook, Ill.
www.ots.treas.gov/docs/77149.html
July 19, 2001 - 2000 Census: The Changing Face of the Fed's Eighth District
- Based on the 2000 census, the population in the Federal Reserve's Eighth
District grew slower than did that of the rest of the nation over the past
decade.
www.stls.frb.org:80/general/releases/rel01/nr0719b.html
July 19, 2001 - The Microchip: Has It Led the Way to a Productivity Boom? -
Some pundits believe the microchip has ushered in a new era of rapid
productivity growth for the U.S. economy.
www.stls.frb.org:80/general/releases/rel01/nr0719a.html
____________
July 19, 2001 - NCUA ISSUES ORDER OF PROHIBITION - The National Credit Union
Administration announced that it has issued an Order of Prohibition against
Annette Davis, former manager of Mt. Carmel Baptist Federal Credit Union located
in Philadelphia, Pennsylvania.
www.ncua.gov/news/press_releases/pr071901.html
July 19, 2001 - NCUA's Board Meeting Agenda for July 26, 2001
www.ncua.gov/news/board_calendar/01AG-07-26.html
July 19, 2001 - Agencies Approve Advance Notice of Proposed Rulemaking
Regarding the Community Reinvestment Act of 1977 - The federal bank and thrift
regulatory agencies today announced the approval of a joint interagency advance
notice of proposed rulemaking (ANPR) regarding the Community Reinvestment Act
(CRA).
www.federalreserve.gov/boarddocs/press/BoardActs/2001/20010719/default.htm
July 19, 2001 - Reports to Congress 87th Annual Report, 2000
www.federalreserve.gov/BoardDocs/RptCongress/default.htm#annual00
July 19, 2001 - The Federal Deposit Insurance Corporation (FDIC) today
released a list of orders of administrative enforcement actions taken against
banks and individuals in June.
www.fdic.gov/news/news/press/2001/pr5101.html
July 18, 2001 - Examination Procedures to Evaluate Compliance with the
Guidelines to Safeguard Customer Information - This bulletin transmits
examination procedures for reviewing a national bank's compliance with
"Guidelines Establishing Standards for Safeguarding Customer
Information" (guidelines).
Press Release - www.occ.treas.gov/ftp/bulletin/2001-35.txt
Attachment - www.occ.treas.gov/ftp/bulletin/2001-35a.pdf
Attachment - www.occ.treas.gov/ftp/bulletin/2001-35b.pdf
July 18, 2001 - OCC RELEASES CRA EVALUATIONS FOR 17 NATIONAL BANKS - The
Office of the Comptroller of the Currency (OCC) today released a list of
Community Reinvestment Act (CRA) performance evaluations that became public
during the period of June 15 through July 14.
www.occ.treas.gov/ftp/release/2001-65.txt
July 18, 2001 - 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 July 18, 2001
www.federalreserve.gov/BoardDocs/HH/2001/July/Testimony.htm
July 18, 2001 - Financial Holding Companies - Under the Bank Holding Company
Act, bank holding companies may elect to be financial holding companies.
www.federalreserve.gov/generalinfo/fhc/default.htm
July 18, 2001 - Reports to the Congress Monetary Policy Report to the
Congress
www.federalreserve.gov/BoardDocs/HH/2001/July/FullReport.htm
July 17, 2001 - INDUSTRIAL PRODUCTION AND CAPACITY UTILIZATION - Industrial
production fell 0.7 percent in June, to 142.5 percent of its 1992 average;
second-quarter production was down 5.6 percent at an annual rate.
www.federalreserve.gov/Releases/G17/Current/
July 17, 2001 - Survey of Small Business Finances - The Survey of Small
Business Finances (SSBF) collects information on small businesses (fewer than
500 employees) in the United States.
www.federalreserve.gov/Pubs/Oss/Oss3/nssbftoc.htm
July 17, 2001 - Federal Open Market Committee Transcripts of 1990 meetings
www.federalreserve.gov/FOMC/Transcripts/transcripts_1990.htm
July 17, 2001 - June/July 2001 NCUA Newsletter
www.ncua.gov/news/newsletter/news06and701.pdf
July 16, 2001 - Investment Securities; Bank Activities and Operations;
Leasing Description: Final Rule
Press Release - www.occ.treas.gov/ftp/bulletin/2001-34.txt
Attachment - www.occ.treas.gov/ftp/regs/2001-34a.txt
Attachment - www.occ.treas.gov/ftp/regs/2001-34b.txt
July 16, 2001 - The Federal Reserve Board today announced its approval of
the application by Citigroup, Inc. and Citicorp, both in New York, New York, and
Citigroup Holdings Company, Wilmington, Delaware, to acquire Grupo Financiero
Banamex Accival, S.A. de C.V. and Banco Nacional de Mexico, S.A., both in Mexico
City, Mexico, and thereby indirectly acquire Banamex USA Bancorp and its
subsidiary, California Commerce Bank, both in Los Angeles, California.
www.federalreserve.gov/boarddocs/press/BHC/2001/20010716/default.htm
July 16, 2001 - The Federal Open Market Committee today announced its
tentative meeting schedule for 2002:
www.federalreserve.gov/boarddocs/press/General/2001/20010716/default.htm
July 13, 2001 - OTS Issued Three Enforcement Orders In May - The Office of
Thrift Supervision today reported that it issued three enforcement orders and
terminated two others during May 2001.
www.ots.treas.gov/docs/77147.html
July 12, 2001 - NCUA - Dollar Asks Working Group To Take ‘AIM’ On
Improving Efficiency Of NCUA Organizational Structure - As NCUA Acting Chairman
Dennis Dollar focuses his vision on the future direction of the National Credit
Union Administration, he has directed senior staff of the federal agency to
review the management and organizational structure for opportunities to
streamline and improve operations with the clear objectives of strengthening
accountability, budgetary responsibility, and agency-wide efficiency.
www.ncua.gov/news/press_releases/nr071201b.html
___________
July 13, 2001 - The Federal Reserve Board and the New York State Banking
Department today announced the joint issuance of a combined consent Order to
Cease and Desist and an Assessment of a Civil Money Penalty and Monetary Payment
against U.S. Trust Corporation, a bank holding company, and its subsidiary, the
United States Trust Company of New York, a state-chartered bank.
www.federalreserve.gov:80/boarddocs/press/Enforcement/2001/20010713/default.htm
July 13, 2001 - Specially Designated Nationals and Blocked Persons - On June
27, 2001, the Department of the Treasury's Office of Foreign Assets Control
(OFAC) amended its listing of specially designated nationals and blocked persons
by adding names of persons who threaten international stabilization efforts in
the Western Balkans.
www.fdic.gov/news/news/financial/2001/fil0162.html
July 12, 2001 - The Federal Reserve Board today announced the issuance of an
Order to Cease and Desist against the Bank of Rogers, Rogers, Arkansas.
www.federalreserve.gov:80/boarddocs/press/Enforcement/2001/20010712/default.htm
July 12, 2001 - Testimony of Dolores S. Smith Director, Division of Consumer
and Community Affairs The Consumer Rental Purchase Agreement Act (H.R. 1701)
Before the Subcommittee on Financial Institutions and Consumer Credit of the
Committee on Financial Services of the U.S. House of Representatives
www.federalreserve.gov/boarddocs/testimony/2001/20010712/default.htm
July 12, 2001 - Statistical Release G.20 - Finance Companies
www.federalreserve.gov/Releases/G20/Current/default.htm
July 12, 2001 - OTS Issued Three Enforcement Orders In May - The Office of
Thrift Supervision (OTS) today reported that it issued three enforcement orders
and terminated two others during May 2001.
www.ots.treas.gov/docs/77147.html
July 12, 2001 - NCUA - Legal Opinion Letter 01-0603 -- Re: Releasing Consumer
Credit Information to Government Employers
www.ncua.gov/ref/opinion_letters/01-0603.html
July 12, 2001 - NCUA - Legal Opinion Letter 01-0640 -- Re: Maturities on
Boat Loans
www.ncua.gov/ref/opinion_letters/01-0640.html
July 11, 2001 - Reports - UBPR Changes Effective with the March 31, 2001
UBPR - The purpose of this memo is to explain changes that were made to the
March 31, 2001 UBPR.
www.ffiec.gov/UBPR_changes_200103.htm
July 11, 2001 - OCC ANNOUNCES 10 NEW ENFORCEMENT ACTIONS AND 2 TERMINATIONS
- The Office of the Comptroller of the Currency (OCC) today announced 10 new
enforcement actions taken against national banks and individuals currently and
formerly affiliated with national banks and 2 terminations of existing
enforcement actions.
www.occ.treas.gov/ftp/release/2001-64.txt
July 11, 2001 - Guidance on the Permissible Use of Consumer Reports in
Certain Business-Related Extensions of Credit - Staff from the Federal Trade
Commission issued the attached staff opinion letter (Tatelbaum opinion) on
July 26, 2000, about the use of consumer reports in situations where financial
institutions were extending credit to a closely held business and were
requesting the personal guarantee of the principal of that business.
www.fdic.gov/news/news/financial/2001/fil0161.html
July 11, 2001 - NCUA - America’s Credit Unions are Adopting Underserved
Communities at an Unprecedented Pace Year-to-Date in 2001 - The nation’s
federally-chartered credit unions are expanding service into underserved and
low-income communities across the United States at an unprecedented pace,
according NCUA Acting Chairman Dennis Dollar.
www.ncua.gov/news/press_releases/nr071101.html
July 10, 2001 - Reports to the Congress Annual Report: Budget Review, 2001
www.federalreserve.gov/BoardDocs/RptCongress/default.htm
July 10, 2001 - NCUA -The National Credit Union Administration Board
announced today that it has issued an Order prohibiting convicted felon Renice
Newton from participating in any manner in the affairs of any federally insured
financial institution.
www.ncua.gov/news/press_releases/pr071001.html
July 9, 2001 - Douglas Tillett Joins Chicago Fed, Will Lead Bank's Media
Programs - The Federal Reserve Bank of Chicago today announced that Douglas
Tillett has been named Vice President, External Affairs and will oversee the
Bank’s strategic media and external affairs programs.
www.chicagofed.org/newsandevents/pressreleases/2001/pr07092001.cfm
July 9, 2001 - The Federal Reserve Board today announced its approval of the
application of The Chase Manhattan Bank, New York, New York, to merge with Chase
Bank of Texas - San Angelo, National Association, San Angelo, Texas.
www.federalreserve.gov/boarddocs/press/BHC/2001/20010709/default.htm
July 9, 2001 Telemarketing Fraud - Canadian Lottery - The Royal Canadian
Mounted Police (RCMP) has again asked the Federal Deposit Insurance Corporation
(FDIC) to circulate to FDIC-supervised institutions an alert about a Canadian
lottery telemarketing fraud. The first alert was issued in FIL-78-2000, dated
November 16, 2000.
www.fdic.gov/news/news/financial/2001/fil0160.html
July 7, 2001 - NEW VISITORS CENTER OPENS AT CHICAGO FED - Visitors Enjoy
Grand Opening Festivities - People of all ages sharing a common
interest-money-attended the grand opening of the Federal Reserve Bank of
Chicago's new state-of-the-art Visitors Center at 230 S. LaSalle on Saturday,
July 7.
www.chicagofed.org/newsandevents/pressreleases/2001/pr07072001.cfm
July 6, 2001 - Fiduciary Activities of National Banks Description: Final
Rule Date: The Office of the Comptroller of the Currency (OCC) published the
attached final rule in the Federal Register on July 2, 2001, amending parts 5
and 9 of its regulations regarding the authority and standards for national
banks to conduct multi-state trust operations.
Press Release - www.occ.treas.gov/ftp/bulletin/2001-33.txt
Attachment: www.occ.treas.gov/ftp/bulletin/2001-33a.pdf
July 6, 2001 - OTS Announces Nine June CRA Ratings - The Office of Thrift
Supervision today announced savings associations' Community Reinvestment Act
performance evaluation ratings that became available in June 2001.
www.ots.treas.gov/docs/77144.html
July 6, 2001 - Final Interagency Policy Statement on Allowance for Loan and
Lease Losses (ALLL) Methodologies and Documentation for Banks and Savings
Institutions.
www.federalreserve.gov/BoardDocs/SRLetters/2001/sr0117.htm
___________
July 5, 2001 -FDIC ISSUES JULY LIST OF BANKS EXAMINED FOR CRA COMPLIANCE -
The Federal Deposit Insurance Corporation (FDIC) today issued its monthly list
of state nonmember banks recently evaluated for compliance with the Community
Reinvestment Act.
www.fdic.gov/news/news/press/2001/pr4901.html
July 5, 2001 - Assessment of Fees: Independent Credit Card Banks, Lower-Rated
Institutions: Final Rule - The final rule amends the formula the Office of the
Comptroller of the Currency (OCC) uses to assess independent credit card banks.
Press Release - www.occ.treas.gov/ftp/bulletin/2001-32.txt
Attachment - www.occ.treas.gov/fr/fedregister/66fr29889.htm
July 3, 2001 - Rescission of Fedwire Third-Party Access Policy - The Board
recently rescinded its policy governing third-party access to the Fedwire
system.
www.federalreserve.gov/BoardDocs/SRLetters/2001/sr0116.htm
July 3, 2001 - Federal Open Market Committee Transcripts of 1991 meetings.
www.federalreserve.gov/FOMC/Transcripts/transcripts_1991.htm
July 3, 2001 - Statistical Release G.13 Selected Interest Rates (Monthly)
www.federalreserve.gov/Releases/G13/Current/g13.pdf
July 3, 2001 - OCC Issues Guidance for National Banks on Internet Weblinking
- The Office of the Comptroller of the Currency (OCC) today issued guidance on
the risks that arise when national banks establish web links to the web sites of
other companies that allow bank customers to purchase products and services from
the linked companies.
Press Release - www.occ.treas.gov/ftp/release/2001-63.txt
Attachment - www.occ.treas.gov/ftp/bulletin/2001-31.txt
July 3, 2001 - Ellen Seidman Announces Her Resignation As Director of the
Office of Thrift Supervision - Ellen Seidman today announced that she has
submitted her resignation to President Bush as Director of the Office of Thrift
Supervision, effective upon the confirmation and appointment of her replacement.
www.ots.treas.gov/docs/77143.html
July 3, 2001 - NCUA - FOIA Appeal Decision - 01-0602R
www.ncua.gov/ref/FOIA/foia-decisions/01-0602R.htm
July 2, 2001 - FDIC Seeks Comments on Draft 2001-2006 Strategic Plan - The
Federal Deposit Insurance Corporation (FDIC) is seeking comments from
FDIC-supervised institutions on its draft strategic plan covering the six-year
period 2001 through 2006. Comments are due by July 31, 2001.
www.fdic.gov/news/news/financial/2001/fil0157.html
July 2, 2001 - Money Smart - FDIC's Financial Education Curriculum - The
Federal Deposit Insurance Corporation (FDIC) and the Department of Labor (DOL)
announced a joint initiative on January 19, 2001, called Money Smart to help
banks and One Stop Career Centers deliver financial education in their
communities.
www.fdic.gov/news/news/financial/2001/fil0158.html
July 2, 2001 - Summary of Deposits Survey for June 30, 2001 - The annual
Summary of Deposits (SOD) survey and instructions for the period ending June 30,
2001, will be mailed on July 6 to institutions with more than a main office
facility.
www.fdic.gov/news/news/financial/2001/fil0159.html
July 2, 2001- The Federal Reserve Board today announced the issuance of a
Cease and Desist Order against Harvey Plante, a former officer and
institution-affiliated party of the Bankers Trust Company, New York, New York.
www.federalreserve.gov:80/boarddocs/press/Enforcement/2001/20010702/default.htm
July 2, 2001 - The Federal Reserve Board today announced its approval of the
application by Citigroup Inc. and Citicorp, both of New York, New York, and
Citigroup Holdings Company, Wilmington, Delaware, to acquire European American
Bank, Uniondale, New York.
www.federalreserve.gov/boarddocs/press/BHC/2001/20010702/default.htm
July 2, 2001 - The Federal Reserve Board today announced its approval of the
application and notice by Harrodsburg First Financial Bancorp, Inc.,
Harrodsburg, Kentucky, to acquire 55.7 percent of the voting shares of Citizens
Financial Bank, Inc., Glasgow, Kentucky, and to retain and operate its
subsidiary savings association, First Financial Bank, also in Harrodsburg.
www.federalreserve.gov/boarddocs/press/BHC/2001/200107022/default.htm
July 2, 2001 - OCC Issues Proposed Rule on Electronic Banking - The Office of
the Comptroller of the Currency (OCC) published a proposed rule in today's
Federal Register that would remove unnecessary impediments to the use of
technology by national banks and provide simpler and clearer guidance for
electronic and developing technologies activities.
Press Release - www.occ.treas.gov/ftp/release/2001-60.txt
Attachment - www.occ.treas.gov/ftp/release/2001-60a.pdf
July 2, 2001 - OCC Adopts Updates and Revisions to Regulations - The Office
of the Comptroller of the Currency (OCC) today announced the adoption of a final
rule amending 12 CFR parts 1, 7, and 23 to update and revise the OCC's
regulations to keep pace with developments in the law and in the national
banking system.
Press Release - www.occ.treas.gov/ftp/release/2001-61.txt
Attachment - www.occ.treas.gov/ftp/release/2001-61a.pdf
July 2, 2001- OCC Eases Burdens of National Banks Operating Multi-State Trust
Operations - The Office of the Comptroller of the Currency announced today the
adoption of a final rule that clarifies the ability of national banks to engage
in fiduciary activities on a multi-state basis.
Press Release - www.occ.treas.gov/ftp/release/2001-62.txt
Attachment - www.occ.treas.gov/ftp/release/2001-62a.pdf
July 2, 2001 - Thrift Industry Interest Rate Risk Falls to Lowest Point in
Two Years - The Office of Thrift Supervision (OTS) reported today that only 20
thrifts, or 2.1 percent, were at high risk from a hypothetical 200 basis point
shift in interest rates as of the end of the first quarter.
www.ots.treas.gov/docs/77142.html
July 2, 2001 - NCUA asks Appeals Court to uphold dismissal of ABA case - The
Department of Justice and NCUA today filed a brief with the U.S. Court of
Appeals, in the case of American Bankers Association v. NCUA, asking the Court
to affirm a March 20, 2000, U.S. District Court decision in favor of NCUA.
www.ncua.gov/news/press_releases/pr070201.html
July 2, 2001 - The Federal Reserve Board is joining the Office of the
Comptroller of the Currency and the Federal Deposit Insurance Corporation in a
letter to the Securities and Exchange Commission (SEC) concerning the SEC’s
interim final rules to implement provisions of the Gramm-Leach-Bliley Act that
provide specific exemptions from the broker and dealer definitions that permit
banks to continue providing trust and fiduciary, and other specified traditional
banking products and services.
www.federalreserve.gov/boarddocs/press/General/2001/20010702/default.htm
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