R. Kinney Williams - Yennik, Inc.®
R. Kinney Williams
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Bank Regulatory News
July 2003

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July 31, 2003 - The Federal Financial Institutions Examination Council 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/cra073103.htm

July 31, 2003 - NCUA - FRAUD ALERT - Fraudulent Advertisements by Entities Claiming to be Credit Unions - The National Credit Union Administration has become aware of fraudulent lending practices by entities/persons representing themselves as credit unions in newspaper advertisements. www.ncua.gov/news/press_releases/2003/ADV03-0731.htm

July 31, 2003 -  Federal Banking Agencies Announce New Interagency Electronic Filing System for Beneficial Ownership Reports - The Federal Deposit Insurance Corporation, the Federal Reserve Board, and the Office of the Comptroller of the Currency announced today a new interagency electronic filing system that will allow faster and easier submission and public retrieval of beneficial ownership reports filed by directors, officers, and principal shareholders of institutions (insiders) whose equity securities are registered with the FDIC, the FRB, and the OCC.  
Press Release:  www.occ.treas.gov/jointnewsrelease.asp?Doc=DAXTI4B.xml
Attachment:  http://www.occ.treas.gov/ftp/release/2003-58a.pdf 

July 31, 2003 - OCC Takes Steps To Keep Abusive Practices Out Of National Banking System While Ensuring Continued Access To Credit For Low-Income Americans - The Office of the Comptroller of the Currency issued an order today holding that the Georgia Fair Lending Act does not apply to national banks and proposed a new regulation that would clarify what types of state laws apply to national banks.
Press Release:  www.occ.treas.gov/newsrelease.asp?Doc=9YWB2OJB.xml
Attachment:  www.occ.treas.gov/statementhawke.pdf
Attachment:  www.occ.treas.gov/georgiapreorder.pdf
Attachment:  www.occ.treas.gov/nprm.pdf
Attachment:  www.occ.treas.gov/gflaqas.pdf

July 30, 2003 -  NCUA - Opinion Letter - 03-0647- Federal Credit Union and Credit Union Service Organization Participation in New Markets Tax Credits Program  www.ncua.gov/ref/opinion_letters/2003_letters/03-0647.htm

July 30, 2003 - Beneficial Ownership Reports - Insider Reports - "Insider reports" collect information on the beneficial ownership of equity securities for (1) any director or officer of an issuer with a class of equity securities registered pursuant to Section 12 of the Securities Exchange Act of 1934 ('34 Act); (2) any beneficial owner of greater than 10 percent of a class of equity securities registered under Section 12 of the '34 Act, as determined by voting or investment control over the securities pursuant to Rule 16a-1(a)1; and (3) any trust, trustee, beneficiary, or settler required pursuant to Rule 16a-8. www.federalreserve.gov/boarddocs/reportforms/insider.cfm 

July 30, 2003 -  Beige Book - Informal review by the Federal Reserve Banks of current economic conditions in their Districts www.federalreserve.gov/FOMC/BeigeBook/2003/20030730/Default.htm

July 29, 2003 -  U.S. Department of Treasury FinCEN Advisory 27W - This issuance transmits FinCEN Advisory 27W and revises the list of countries cited in previous related advisory letters beginning in July 2000 that identified 15 countries with serious deficiencies in their counter-money-laundering systems.
Press Release: www.occ.treas.gov/ftp/advisory/2003-6.txt
Attachment: www.occ.treas.gov/ftp/advisory/2003-6a.pdf

July 29, 2003 - NCUA - Letter To Credit Unions - Non-Maturity Shares and Balance Sheet Risk - This letter follows a series of letters issued on the subject of balance sheet risk management. www.ncua.gov/ref/letters/2003/03-CU-11.doc

July 29, 2003 - Financial Holding Companies As of July 25, 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

July 29, 2003 - National credit reporting system - Dolores S. Smith Director, Division of Consumer and Community Affairs Before the Committee on Banking, Housing, and Urban Affairs, U.S. Senate July 29, 2003 www.federalreserve.gov/boarddocs/testimony/2003/20030729/default.htm

July 28, 2003 - NCUA - Realignment Plan Released - The National Credit Union Administration (NCUA) released a summary of its Realignment Transition Plan today, providing a timeline for the agency’s transition from six regional offices to five, and the relocation of the California office to Arizona. www.ncua.gov/news/press_releases/2003/NR03-0728.htm

July 28, 2003 - Citibank N.A., New York, enters into formal written agreement with the Office of the Comptroller of the Currency. www.occ.treas.gov/ftp/eas/ea2003-77.pdf

July 28, 2003 - OCC Releases Year-end Edition of Quarterly Journal on the Web - The March 2003 issue of the Quarterly Journal, Vol. 22, No. 1 (for the year-end and fourth quarter 2002), is now available on-line in PDF, both as a combined file and as individual chapters for ease of downloading. This issue features the last "Comptroller's Report of Operations" to be published in the Quarterly Journal.  www.occ.treas.gov/qj/qj.htm

July 28, 2003 - Federal Reserve Bank of St. Louis to Stop Cash Processing Services at Little Rock, Louisville Branches - www.stlouisfed.org/news/releases/2003/07_28_03.html

July 28, 2003 - Latest Chicago Fed Letter Looks at the Changing Demographics of Chicago's Hispanic Population - A large percentage of the Chicago-area's rapidly growing Hispanic population does not use mainstream financial services, according to Chicago Fed Economist Maude Toussaint-Comeau in the August Chicago Fed Letter. www.chicagofed.org/newsandevents/pressreleases/2003/pr07282003.cfm

July 28, 2003 - Federal Banking Agencies Announce New Interagency Electronic Filing System for Beneficial Ownership Reports - The Federal Deposit Insurance Corporation, the Federal Reserve Board, and the Office of the Comptroller of the Currency announced today a new interagency electronic filing system that will allow faster and easier submission and public retrieval of beneficial ownership reports filed by directors, officers, and principal shareholders of institutions (insiders) whose equity securities are registered with the FDIC, the FRB, and the OCC.  
FRB - www.federalreserve.gov/boarddocs/press/bcreg/2003/20030728/default.htm
FDIC - www.fdic.gov/news/news/press/2003/pr7403.html
FDIC - www.fdic.gov/news/news/financial/2003/fil0360.html
OCC - www.occ.treas.gov/jointnewsrelease.asp?Doc=DAXTI4B.xml
OCC Attachment -  www.occ.treas.gov/ftp/release/2003-58a.pdf

July 28, 2003 - The Federal Reserve Board on Monday announced the execution of a Written Agreement between Citigroup, Inc., New York, New York, and the Federal Reserve Bank of New York. www.federalreserve.gov/boarddocs/press/Enforcement/2003/20030728/default.htm

July 28, 2003 - The Federal Reserve Board and the New York State Banking Department on Monday jointly announced the execution of a Written Agreement among J.P. Morgan Chase & Co., New York, New York, the Federal Reserve Bank of New York, and the New York State Banking Department. www.federalreserve.gov/boarddocs/press/Enforcement/2003/200307282/default.htm


July 25, 2003 - Interagency Advisory on the Use of the Federal Reserve's Primary Credit Program in Effective Liquidity Management - The Board of Governors of the Federal Reserve System, the Office of the Comptroller of the Currency, the Federal Deposit Insurance Corporation, the Office of Thrift Supervision, and the National Credit Union Administration (collectively, the Agencies) have issued the attached Interagency Advisory on the Use of the Federal Reserve's Primary Credit Program in Effective Liquidity Management. www.federalreserve.gov/boarddocs/srletters/2003/sr0315.htm

July 25, 2003 - NCUA - Remarks by NCUA Vice Chair JoAnn Johnson at NAFCU's 36th Annual Conference and Exhibition  www.ncua.gov/news/speeches/2003/Johnson03-0725.htm

July 25, 2003 - NCUA - Board Member Matz addresses the National Association of Federal Credit Unions (NAFCU) during their Annual Conference in Boston, MA www.ncua.gov/news/speeches/2003/Matz03-0725.htm

July 25, 2003 - NCUA - Matz Urges Credit Unions to Change 3 Perceptions - Speech to NAFCU Offers Perspective on Large CUs, Business Loans and Tax Threats - www.ncua.gov/news/press_releases/2003/NR03-0725.htm 

July 24, 2003 - Comptroller Hawke Urges New Approach to Combating Predatory Lending - Comptroller of the Currency John D. Hawke, Jr. said today that many well-intentioned efforts to combat predatory lending may be having the unintended result of impeding the flow of credit to creditworthy subprime borrowers.
Press Release: www.occ.treas.gov/newsrelease.asp?Doc=92PAMG4.xml
Attachment: www.occ.treas.gov/ftp/release/2003-57a.pdf

July 24, 2003 - Reports to the Congress - Differences in Capital and Accounting Standards among the Federal Banking and Thrift Agencies www.federalreserve.gov/boarddocs/rptcongress/differences/2003.htm

July 23, 2003 - OTS Says New Jersey Law Does Not Apply To Federal Thrifts - The Office of Thrift Supervision announced today that federal law preempts provisions of the recently enacted New Jersey Home Ownership Security Act of 2002 from applying to federal savings associations and their operating subsidiaries. Federal preemption of the New Jersey law is based on the Home Owners' Loan Act and OTS regulations that comprehensively and exclusively regulate lending by federal savings associations. www.ots.treas.gov/docs/77322.html

July 23, 2003 - Former San Jose Mercury News publisher appointed to SF Federal Reserve Bank Board - The Federal Reserve Bank of San Francisco has announced the appointment of Jay T. Harris, former chairman and publisher of the San Jose Mercury News, to its board of directors by the Federal Reserve's Board of Governors. www.frbsf.org/news/releases/2003/0723.html

July 23, 2003 - NCUA to Participate in White House Conference on Faith-Based and Community Initiatives - Panel Discussion Focuses on Credit Union Role in Community Development and Highlights Faith-Based Credit Unions www.ncua.gov/news/press_releases/2003/NR03-0722-3.htm

July 23, 2003 - NCUA - IRS Tax Counseling For Elderly Initiative Available For Credit Union Participation - America's credit unions will have greater access to technical assistance resources through a National Credit Union Administration-Internal Revenue Service partnership, according to NCUA Chairman Dennis Dollar. www.ncua.gov/news/press_releases/2003/NR03-0722-2.htm

July 23, 2003 - OCC Announces New Electronic Interpretations and Actions -  www.occ.treas.gov/interp/jul03/intjul03.htm 

July 23, 2003 - Use Of The Federal Reserve's Primary Credit Program In Effective Liquidity Management - The Federal Reserve has established two new discount window programs that can alter the way in which some depository institutions use discount window borrowings in their liquidity management and contingency planning. The federal banking, thrift and credit union regulatory agencies have prepared an interagency advisory on the need for institutions to develop contingency funding plans that incorporate the new discount window programs, as well as other viable sources of liquidity funds. www.fdic.gov/news/news/financial/2003/fil0359.html

July 23, 2003 - Agencies Issue Guidance on Appropriate Use of Discount Window - The federal banking, thrift, and credit union regulatory agencies today issued guidance on the appropriate use of the Federal Reserve's new primary credit discount window program in depository institutions' liquidity risk management and contingency planning.
Press Release: www.federalreserve.gov/boarddocs/press/bcreg/2003/20030723/default.htm
Press Release: www.fdic.gov/news/news/press/2003/pr7303.html
Press Release: www.ots.treas.gov/docs/77323.html
Press Release: www.ncua.gov/news/press_releases/2003/JR03-0723.pdf
Press Release: www.occ.treas.gov/jointnewsrelease.asp?Doc=5Q4YXIB1.xml
Attachment: www.occ.treas.gov/ftp/release/2003-56a.pdf

July 23, 2003 - An unwelcome fall in inflation? - Governor Ben S. Bernanke Before the Economics Roundtable, University of California, San Diego, La Jolla, California  http://www.federalreserve.gov/boarddocs/speeches/2003/20030723/default.htm 

July 22, 2003 - "Community Bank Supervision," a booklet in the Comptroller's Handbook series, has been revised to include risk-based consumer compliance and asset management information, to afford managers more flexibility in determining the scope and timing of supervisory activities, and to stress the importance of evaluating and validating a bank's audit and internal control functions. www.occ.treas.gov/handbook/cbsh2003intro.pdf

July 22, 2003 - FDIC Makes Public June Enforcement Actions; No Administrative Hearings Scheduled - The Federal Deposit Insurance Corporation (FDIC) today released a list of orders of administrative enforcement actions taken against banks and individuals in June. No administrative hearings are scheduled for August. www.fdic.gov/news/news/press/2003/pr7203.html       

July 22, 2003 - Finance and Economics Discussion Series - 2003 FEDS papers www.federalreserve.gov/pubs/feds/2003/index.html

July 21, 2003 - NCUA - Opinion Letter 03-0382 - Long Term Care Insurance Benefit for Officials www.ncua.gov/ref/opinion_letters/2003_letters/03-0382.htm

July 21, 2003 - NCUA Disaster Assistance Activated for Texas Hurricane Victims - The National Credit Union Administration has activated its disaster relief policy to assist credit unions and members in counties eligible for disaster relief assistance in Texas where offices and homes were destroyed by wind, rain and flooding caused by Hurricane Claudette. www.ncua.gov/news/press_releases/2003/NR03-0721.htm

July 21, 2003 - OCC Releases CRA Evaluations For 80 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 June 15, 2003 through July 14, 2003. www.occ.treas.gov/newsrelease.asp?Doc=TGFLKDMD.xml


July 18, 2003 - Articles from the Federal Reserve Bulletin July 2003 - Household Financial Management: The Connection between Knowledge and Behavior - www.federalreserve.gov/pubs/bulletin/2003/0703lead.pdf

July 18, 2003 - NCUA - Matz Asks Examiners to Emphasize "Flexibility and Responsibility" - NCUA examiners have more flexibility to do their jobs in today's regulatory environment, NCUA Board Member Debbie Matz told the agency's supervisors conference this week. At the same time, Matz emphasized that "this new flexibility comes with more responsibility." www.ncua.gov/news/press_releases/2003/NR03-0718.htm

July 17, 2003 - Comptroller Of The Currency Bank Accounting Advisory Series - This edition of the Bank Accounting Advisory Series expresses the Office of the Chief Accountant's current views on accounting topics of interest to national banks. Banks prepare their Consolidated Reports of Condition and Income using generally accepted accounting principles. Accordingly, this series has been revised to incorporate the conversion to those principles. www.occ.treas.gov/ba062003.pdf

July 17, 2003 - Fraudulent Federal Reserve Note Schemes - Over the past several years, the Federal Reserve has issued various advisories relating to bogus investment schemes involving phony "prime bank" notes, letters of credit, and guarantees, and other financial instruments. www.federalreserve.gov/boarddocs/srletters/2003/sr0314.htm

July 16, 2003 - OCC Announces Eight New Enforcement Actions and One Termination - The Office of the Comptroller of the Currency today announced eight new enforcement actions taken against national banks and individuals currently and formerly affiliated with national banks and one termination of an existing enforcement action. www.occ.treas.gov/newsrelease.asp?Doc=56HZ6NWO.xml

July 16, 2003 - Payment Systems - Data on Federal Reserve Bank commercial check transportation costs in 2002 www.federalreserve.gov/paymentsystems/checkservices/default.htm

July 16, 2003 - NCUA - Statement by the NCUA Chairman - National Credit Union Administration Chairman Dennis Dollar issued the following statement regarding the suit filed today by the American Bankers Association, Utah Bankers Association, Bank of Utah, Liberty Bank, First Utah Bank, and Frontier Bank, FSB vs. National Credit Union Administration. www.ncua.gov/news/press_releases/2003/Stmt03-0715.htm  

July 16, 2003 - Industrial Production And Capacity Utilization - Industrial production rose 0.1 percent in both May and June. Manufacturing posted gains of 0.1 percent in May and 0.4 percent in June, thereby rising in consecutive months for the first time since August.  www.federalreserve.gov/Releases/G17/Current/default.htm

July 15, 2003 - NCUA Vice Chair Johnson Says Wise Use of Resources Remains a Priority; Promotes Role of Member Business Lending to Agency Staffhttp://www.ncua.gov/news/press_releases/2003/NR03-0715.htm 

July 15, 2003 - NCUA Reports Agency Meeting Key Priorities of The President's Management Agenda - National Credit Union Administration Chairman Dennis Dollar reported today at the bi-annual national NCUA supervisory conference that the agency has significantly achieved six key priorities of President George W. Bush's Management Agenda for the federal government in the areas of strategic management of human capital, competitive sourcing, improved financial performance, expanded electronic government, budget and performance integration, and faith-based and community initiatives. www.ncua.gov/news/press_releases/2003/NR03-0714-2.htm

July 15, 2003 - Working Papers - International Finance Discussion Papers 2003-767 through 2003-769  www.federalreserve.gov/whatsnew.htm

July 15, 2003 - Board of Governors of the Federal Reserve System - Monetary Policy Report to the Congress www.federalreserve.gov/BoardDocs/HH/2003/July/FullReport.pdf

July 15, 2003 - Testimony of Chairman Alan Greenspan Federal Reserve Board's semiannual monetary policy report to the Congress Before the Committee on Banking, Housing, and Urban Affairs, U.S. Senate July 15, 2003  www.federalreserve.gov/boarddocs/hh/2003/july/testimony.htm

July 14, 2003 - NCUA Chairman Dollar Extends "Call To Action" - To "New Generation of NCUA Leadership" - NCUA Chairman Cites Statistics Showing 1 in 3 NCUA Supervisors Eligible To Retire in Four Years or Less, Calls On "Positive Thinkers With Right Philosophy" to Continue Agency's Direction in Years Ahead www.ncua.gov/news/press_releases/2003/NR03-0714.htm


July 11, 2003 - NCUA - Final Accounting Manual for Federal Credit Unions is available for download www.ncua.gov/ref/accounting_manuals/accounting_manual.html  

July 11, 2003 - Bank and Thrift Agencies to Seek Comment On Proposals for U.S. Implementation of Basel II - The Office of the Comptroller of the Currency joined with the other federal bank and thrift regulatory agencies today in releasing three documents related to the U.S. implementation of the Basel II Capital Accord. 
Press Release: www.occ.treas.gov/newsrelease.asp?Doc=7SVMEYZQ.xml  
Press Release: www.federalreserve.gov/boarddocs/press/bcreg/2003/20030711/default.htm  
Attachment: www.occ.treas.gov/FTP/Release/2003-53.pdf  
Attachment: www.occ.treas.gov/FTP/Release/2003-53a.pdf  
Attachment: www.occ.treas.gov/FTP/Release/2003-53b.pdf  
Attachment: www.occ.treas.gov/FTP/Release/2003-53c.pdf  

July 11, 2003 - New Web Site from St. Louis Fed To Help Banks Prepare for New HMDA Revisions - The Federal Reserve Bank of St. Louis has created a new web site to help lenders at depository institutions throughout the country comply with the new reporting changes that will be required by "Regulation C," which implements the Home Mortgage Disclosure Act www.stlouisfed.org/news/releases/2003/07_10_03.htm  

July 11, 2003 - The Federal Reserve Board on Friday announced its approval of the notice by Mainstreet Bank, Bunceton, Missouri, to establish a branch at the location of its current main office, 101 Main Street, Bunceton. In connection with this proposal, Mainstreet Bank will redesignate its existing branch location at 301 East Broadway, Ashland, Missouri, as its main office. www.federalreserve.gov/boarddocs/press/orders/2003/20030711/default.htm 

July 10, 2003 - Second Quarter 2003 Edition of the FDIC's Letter to Stakeholders - The FDIC issues its fifth Letter to Stakeholders, a report of the agency's activities for the second quarter of 2003. www.fdic.gov/news/news/financial/2003/fil0358.html  

July 10, 2003 - NCUA - Credit Unions Find Many Ways to Serve Latinos - Credit unions have many ways to build trust and lasting relationships with Latinos -- America's largest and fastest-growing minority. www.ncua.gov/news/press_releases/2003/NR03-0710.htm  

July 10, 2003 - NCUA - Scott Hunt Named Alexandria Associate Regional Director of Operations www.ncua.gov/news/press_releases/2003/NR03-0709.htm  

July 10, 2003 - OTS Financial Management Seminars July/August 2003 www.ots.treas.gov/docs/48937.html  

July10, 2003 - Natural gas supply - Testimony of Chairman Alan Greenspan Before the Committee on Energy and Natural Resources, U.S. Senate July 10, 2003 http://www.federalreserve.gov/BoardDocs/Testimony/2003/20030710/default.htm  

July 8, 2003 - NCUA - Matz Urges Credit Unions to Serve Largest Minority - PALS Workshop Presents Ways to Connect with Latinos www.ncua.gov/news/press_releases/2003/NR03-0708.htm  

July 8, 2003 - Consumer credit rose at an annual rate of 5 percent in May, following a 5-1/2 percent increase in April. www.federalreserve.gov/Releases/G19/Current/default.htm  

July 7, 2003 - Real Exchange Rates and Retail Trade Examined - The latest Chicago Fed Letter examines retail industries near the U.S.-Canada border and how exchange rate fluctuations affect competition. www.chicagofed.org/newsandevents/pressreleases/2003/pr07072003.cfm  

July 7, 2003 - NCUA Adds New Share Insurance Estimator to Its Web Site - The National Credit Union Administration announced today that a new Electronic Share Insurance Estimator is available on the agency's Web site at www.ncua.gov.  The Estimator enables credit union members to estimate the amount of insurance protection provided by the National Credit Union Share Insurance Fund based upon the type and structure of their credit union accounts www.ncua.gov/news/press_releases/2003/NR03-0707.htm  


July 3, 2003 - OTS Issues Third Quarter 2003 CRA Examination Schedule - The Office of Thrift Supervision (OTS) has issued its schedule of Community Reinvestment Act (CRA) examinations during the third quarter of 2003. www.ots.treas.gov/docs/77320.html

July 3, 2003 - NCUA - Treasury Seeks Comments on Customer Identification Rule Requirements - The Department of the Treasury is seeking additional comments on two issues relating to customer identification provisions required by the U.S. PATRIOT ACT. www.ncua.gov/news/press_releases/2003/ADV03-0702.htm

July 3, 2003 - FDIC Issues July 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 April 2003. www.fdic.gov/news/news/press/2003/pr7103.html

July 3, 2003 - Instructions for Reporting Trust Preferred Securities on Schedule HC-R of the FR Y-9C - Recently, the Federal Reserve has become aware that Financial Accounting Standards Board Interpretation No. 46 (FIN 46) may have implications for how trust preferred securities are reported on bank holding companies’ financial statements. www.federalreserve.gov/boarddocs/SRLETTERS/2003/sr0313.htm

July 3, 2003 - The Federal Reserve Board on Thursday released the minutes of its discount rate meetings from March 31 to May 5, 2003. www.federalreserve.gov/boarddocs/press/monetary/2003/20030703/default.htm

July 2, 2003 - Licensing Manual Update - The revised "Capital and Dividends" booklet of the Comptroller's Licensing Manual series is available on the OCC's Internet site. This booklet updates and replaces the previous 1998 version. The revisions incorporate recent policy and procedure changes regarding blank check preferred stock, innovative and hybrid capital instruments, and issuance of no par stock.  http://www.occ.treas.gov/corpbook/group3/public/pdf/capital3.pdf 

July 2, 2003 - Proposed Rule to Clarify the Regulations on Insuring Living Trust Accounts - The FDIC is soliciting public comment on two alternative proposed rules governing the insurance coverage of deposit accounts held in connection with living trust accounts. www.fdic.gov/news/news/financial/2003/fil0354.html

July 2, 2003 -FDIC Issues Examination Guidance For Payday Lending - The Federal Deposit Insurance Corporation (FDIC) today issued examination guidance for FDIC-supervised institutions that offer payday loans. Payday loans are small-dollar, unsecured, short-term advances offered at high annual percentage rates. The examination guidance is necessitated by the high-risk nature of payday lending and the substantial growth of this product. www.fdic.gov/news/news/press/2003/pr7003.html

July 2, 2003 - OCC 2003-31, Community Reinvestment Act: Income Level, Median Family Income - Attached are 2000 U.S. Census and 2003 Department of Housing and  Urban Development estimated median family incomes for  metropolitan statistical areas and non-MSA portions of each  state.
Press Release - www.occ.treas.gov/ftp/bulletin/2003-31.txt 
Attachment - http://www.occ.treas.gov/ftp/bulletin/2003-31a.pdf 

July 2, 2003 -St. Louis Fed's Review: The Influence of Financial Markets and Institutions on the Economy - The July/August issue of Review, the Federal Reserve Bank of St. Louis' bimonthly publication of economic and business issues, features papers presented at the Reserve Bank's 27th Annual Economic Policy Conference, held in October of 2002. www.stlouisfed.org/news/releases/2003/07_02_03.html

July 1, 2003 - FRB Legal Interpretations:  
1)  Whether the proposed admission of a new class of members to a registered broker-dealer poses a violation of Regulation T www.federalreserve.gov/boarddocs/legalint/MarginRequirements/2001/20010712/.
Use of cash account under section 220.8 of Regulation T - www.federalreserve.gov/boarddocs/legalint/MarginRequirements/2000/20000107/ and www.federalreserve.gov/boarddocs/legalint/MarginRequirements/2000/20000106/
3)  Pre-borrowing of securities under Regulation T - www.federalreserve.gov/boarddocs/legalint/MarginRequirements/1999/19991216/.
4)  Application of Board's margin regulations to an insurance company

July 1, 2003 - Statistical Release - E.15 Agricultural Finance Databook www.federalreserve.gov/Releases/e15/default_2003.htm

July 1, 2003 -Statistical Release - G.5 Foreign Exchange Rates (Monthly) www.federalreserve.gov/Releases/G5/Current/default.htm

July 1, 2003 -The Federal Reserve Board on Tuesday announced the publication of Spanish-language versions of two popular consumer brochures, in both print and electronic formats. www.federalreserve.gov/boarddocs/press/other/2003/20030701/default.htm


PLEASE NOTE:  Some of the above links may not function properly because the regulatory agency has changed the URL.  Please e-mail us at examiner@yennik.com if we can be of assistance.  

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