The E-mail Banking News
(Bank Regulatory News)
July 2012

July 31, 2012 - Statistical Release - G.20 Finance Companies.  www.federalreserve.gov/releases/g20/current/g20.htm

July 31, 2012 - Federal Reserve Board announces approval of notice by BB&T Corporation.  www.federalreserve.gov/newsevents/press/orders/20120731a.htm

July 30, 2012 - Midwest Manufacturing Output Increased in June - The Chicago Fed Midwest Manufacturing Index increased 1.1% in June, to a seasonally adjusted level of 94.1.  www.chicagofed.org/webpages/research/data/cfmmi/current_data.cfm

July 30, 2012 - The Federal Reserve Board on Monday announced the approval of a final rule establishing risk-management standards for certain financial market utilities designated as systemically important by the Financial Stability Oversight Council. www.federalreserve.gov/newsevents/press/bcreg/20120730a.htm

July 27, 2012 - Trinity Credit Union Placed Under NCUA Conservatorship - Member Deposits Insured up to $250,000; Member Services Uninterrupted - The National Credit Union Administration today assumed control of service and operations at Trinity Credit Union, a state-chartered, federally insured credit union headquartered in Trinidad, Colo. www.ncua.gov/News/Pages/NW20120727TrinityCU.aspx

July 27, 2012 - Indicators Of Conditions In Low- To Moderate-Income Community Remain Largely Flat - Indicators of economic and financial conditions in the Tenth Federal Reserve District’s low- to moderate-income community were little changed in the second quarter following two quarters of substantial gains, according to the Federal Reserve Bank of Kansas City’s quarterly LMI Survey. www.kc.frb.org/publicat/newsroom/2012pdf/press.release.07.27.12.pdf

July 27, 2012 - Stearns Bank National Association St. Cloud, Minnesota, Assumes All of the Deposits of Jasper Banking Company, Jasper, Georgia - Jasper Banking Company, Jasper, Georgia, was closed today by the Georgia Department of Banking and Finance, which appointed the Federal Deposit Insurance Corporation as receiver. To protect the depositors, the FDIC entered into a purchase and assumption agreement with Stearns Bank National Association, St. Cloud, Minnesota, to assume all of the deposits of Jasper Banking Company. www.fdic.gov/news/news/press/2012/pr12089.html

July 27, 2012 - FDIC Makes Public June Enforcement Actions; No Administrative Hearings Scheduled for August 2012 - The Federal Deposit Insurance Corporation today released a list of orders of administrative enforcement actions taken against banks and individuals in June. No administrative hearings are scheduled for August 2012. www.fdic.gov/news/news/press/2012/pr12088.html

July 27, 2012 - The Federal Reserve Board on Friday announced its approval of the applications by Five Star Bank, Warsaw, New York, (1) to acquire four branches of HSBC Bank USA, National Association, McLean, Virginia, that First Niagara Bank, National Association, Buffalo, New York, contracted to purchase from HSBC; and (2) to establish branches at those locations. www.federalreserve.gov/newsevents/press/orders/20120727a.htm

July 27, 2012 - Federal Reserve Board approves final rule permitting debit card issuers to receive fraud-prevention adjustment.   www.federalreserve.gov/newsevents/press/bcreg/20120727a.htm

July 27, 2012 - Credit and Liquidity Programs and the Balance Sheet - Recent balance sheet trends, weekly chart data update.   www.federalreserve.gov/monetarypolicy/bst_recenttrends.htm
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July 26, 2012 - OCC Takes Actions Against Capital One to Assure Servicemembers’ Receive Credit Protections for Their Mortgages and Other Loans - The Office of the Comptroller of the Currency today announced enforcement actions against Capital One, N.A., and Capital One Bank, N.A., for violations and compliance deficiencies related to the Servicemembers Civil Relief Act.  www.occ.gov/news-issuances/news-releases/2012/nr-occ-2012-115.html

July 26, 2012 - FDIC Regulatory Calendar - FDIC Announces Regulatory Calendar for Community Banks - As a part of its ongoing Community Bank Initiatives, the FDIC is developing a regulatory calendar to help community banks stay up-to-date on changes in federal banking laws, regulations, and supervisory guidance.  www.fdic.gov/news/news/financial/2012/fil12035.html

July 26, 2012 - Federal Reserve Board issues enforcement action with Cornerstone Bancorp, Inc., and termination of enforcement actions with Community National Bancorporation, Heritage Oaks Bancorp, and Omega Capital Corp. www.federalreserve.gov/newsevents/press/enforcement/20120726a.htm

July 26, 2012 - NCUA - Matz: New Office of National Examinations and Supervision Coming in 2013 - ?NCUA Reorganization Reallocates Existing Resources to Focus on the Largest Credit Unions and Protect the Share Insurance Fund from Losses - The National Credit Union Administration will change with an evolving credit union industry by creating an Office of National Examinations and Supervision, said NCUA Board Chairman Debbie Matz.   www.ncua.gov/News/Pages/NW20120726MatzNAFCU.aspx

July 25, 2012 - Bank Accounting Advisory Series Updated - The Office of the Comptroller of the Currency today released an update to the Bank Accounting Advisory Series.  www.occ.gov/news-issuances/news-releases/2012/nr-occ-2012-114.html

July 24, 2012 - Deputy Comptroller Testifies on H.R. 6139 - Deputy Comptroller for Compliance Policy Grovetta Gardineer today discussed agency concerns about H.R. 6139 during her testimony before the Subcommittee on Financial Institutions and Consumer Credit of the U.S. House Committee on Financial Services. www.occ.gov/news-issuances/news-releases/2012/nr-occ-2012-113.html

July 24, 2012 - Investments in Corporate Debt Securities by Savings Associations - The FDIC has issued a final rule that would prohibit state and federal savings associations from acquiring or holding a corporate debt security when the security's issuer does not have an adequate capacity to meet all financial commitments under the security for the projected life of the security.  www.fdic.gov/news/news/financial/2012/fil12034.html

July 24, 2012 - FDIC Announces Nashville, TN and Dallas, TX Asset Purchaser/Investor Outreach Workshops - The FDIC announced a series of outreach workshops to provide information on how to become an FDIC Investor and/or Asset Purchaser. The FDIC is responsible for efficiently disposing of assets from failed banks in the most cost-effective manner possible.  www.fdic.gov/news/news/press/2012/pr12087.html

July 24, 2012 - Chairman Ben S. Bernanke - Early Childhood Education - At the Children’s Defense Fund National Conference, Cincinnati, Ohio.   www.federalreserve.gov/newsevents/speech/bernanke20120724a.htm

July 24, 2012 - Federal Reserve Board issues enforcement action with Macon Bancorp and termination of enforcement action with Premier Financial Bancorp, Inc., Abigail Adams National Bancorp, Inc., Consolidated Bank and Trust Company.  www.federalreserve.gov/newsevents/press/enforcement/20120724a.htm

July 23, 2012 - Governor Sarah Bloom Raskin - How Well Is Our Financial System Serving Us? Working Together to Find the High Road
At the Graduate School of Banking at Colorado, Boulder, Colorado.  www.federalreserve.gov/newsevents/speech/raskin20120723a.htm

July 23, 2012 - Economic Activity Increased in June - The Chicago Fed National Activity Index was -0.15 in June, up from -0.48 in May. - Led by improvements in production-related indicators, the Chicago Fed National Activity Index increased to -0.15 in June from -0.48 in May.   www.chicagofed.org/digital_assets/publications/cfnai/2012/cfnai_july2012.pdf

July 23, 2012 - FDIC Announces Nashville, TN and Dallas, TX Asset Purchaser/Investor Outreach Workshops - The FDIC announced a series of outreach workshops to provide information on how to become an FDIC Investor and/or Asset Purchaser. The FDIC is responsible for efficiently disposing of assets from failed banks in the most cost-effective manner possible.  www.fdic.gov/news/news/press/2012/pr12087.html

July 20, 2012 - Hinsdale Bank & Trust Company, Hinsdale, Illinois, Assumes All of the Deposits of Second Federal Savings and Loan Association of Chicago, Chicago, Illinois - Second Federal Savings and Loan Association of Chicago, Chicago, Illinois, was closed today by the Office of the Comptroller of the Currency, which appointed the Federal Deposit Insurance Corporation as receiver.  www.fdic.gov/news/news/press/2012/pr12086.html

July 20, 2012 - Metcalf Bank, Lees Summit, Missouri, Assumes All of the Deposits of Heartland Bank, Leawood, Kansas - Heartland Bank, Leawood, Kansas, was closed today by The Kansas Office of the State Bank Commissioner, which appointed the Federal Deposit Insurance Corporation as receiver. To protect the depositors, the FDIC entered into a purchase and assumption agreement with Metcalf Bank, Lees Summit, Missouri, to assume all of the deposits of Heartland Bank. www.fdic.gov/news/news/press/2012/pr12085.html

July 20, 2012 - OCC Enforcement Actions - The Office of the Comptroller of the Currency today released new enforcement actions taken against national banks, federal savings associations, and individuals currently and formerly affiliated with national banks and federal savings associations. www.occ.gov/news-issuances/news-releases/2012/nr-occ-2012-111.html

July 20, 2012 - Community & Southern Bank, Atlanta, Georgia, Assumes All of the Deposits of First Cherokee State Bank, Woodstock, Georgia - First Cherokee State Bank, Woodstock, Georgia, was closed today by the Georgia Department of Banking and Finance, which appointed the Federal Deposit Insurance Corporation as receiver. To protect the depositors, the FDIC entered into a purchase and assumption agreement with Community & Southern Bank, Atlanta, Georgia, to assume all of the deposits of First Cherokee State Bank. www.fdic.gov/news/news/press/2012/pr12084.html

July 20, 2012 - Community & Southern Bank, Atlanta, Georgia, Assumes All of the Deposits of Georgia Trust Bank, Buford, Georgia - Georgia Trust Bank, Buford, Georgia, was closed today by the Georgia Department of Banking and Finance, which appointed the Federal Deposit Insurance Corporation as receiver. To protect the depositors, the FDIC entered into a purchase and assumption agreement with Community & Southern Bank, Atlanta, Georgia, to assume all of the deposits of Georgia Trust Bank. www.fdic.gov/news/news/press/2012/pr12083.html

July 20, 2012 - First National Bank of the Gulf Coast, Naples, Florida, Assumes All of the Deposits of the Royal Palm Bank of Florida, Naples, Florida - The Royal Palm Bank of Florida, Naples, Florida, was closed today by the Florida Office of Financial Regulation, which appointed the Federal Deposit Insurance Corporation as receiver. To protect the depositors, the FDIC entered into a purchase and assumption agreement with First National Bank of the Gulf Coast, Naples, Florida, to assume all of the deposits of The Royal Palm Bank of Florida. www.fdic.gov/news/news/press/2012/pr12082.html

July 20, 2012 - Report to the Congress - Government-Administered, General-Use Prepaid Cards.  www.federalreserve.gov/publications/other-reports/files/government-prepaid-report-201107.pdf

July 20, 2012 - Credit and Liquidity Programs and the Balance Sheet - Recent balance sheet trends, weekly chart data update.   www.federalreserve.gov/monetarypolicy/bst_recenttrends.htm

July 20, 2012 - Minutes of the Federal Open Market Committee - The Federal Reserve Board and the Federal Open Market Committee on Wednesday released the attached minutes of the Committee meeting held on June 19-20, 2012. A summary of economic projections made by Federal Reserve Board members and Reserve Bank presidents for the June 19-20, 2012 meeting is also included as an addendum to these minutes. www.federalreserve.gov/newsevents/press/monetary/20120711b.htm

July 20, 2012 - Watch the FOMC Press Conference - The Federal Reserve Board and the Federal Open Market Committee on Wednesday released the attached minutes of the Committee meeting held on June 19-20, 2012. A summary of economic projections made by Federal Reserve Board members and Reserve Bank presidents for the June 19-20, 2012 meeting is also included as an addendum to these minutes. www.federalreserve.gov/newsevents/press/monetary/20120711b.htm

July 20, 2012 - Governor Elizabeth A. Duke - Central Bank Cooperation in Times of Crisis - At the Center for Latin American Monetary Studies 60th Anniversary Conference, Mexico City, Mexico.  www.federalreserve.gov/newsevents/speech/duke20120720a.htm

July 20, 2012 - Credit and Liquidity Programs and the Balance Sheet - Monthly Report, July 2012.  www.federalreserve.gov/files/monthlyclbsreport201207.pdf
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July 19, 2012 - The Minimum Balance at Risk: A Proposal to Mitigate the Systemic Risks Posed by Money Market Funds - Patrick E. McCabe, Marco Cipriani, Michael Holscher, and Antoine Martin - This paper introduces a proposal for money market fund reform that could mitigate systemic risks arising from these funds by protecting shareholders, such as retail investors, who do not redeem quickly from distressed funds.   www.federalreserve.gov/pubs/feds/2012/201247/201247pap.pdf

July 19, 2012 - Monetary Policy and Long-Term Real Rates - Samuel G. Hanson and Jeremy C. Stein - Changes in monetary policy have surprisingly strong effects on forward real rates in the distant future. A 100 basis-point increase in the 2-year nominal yield on an FOMC announcement day is associated with a 42 basis-point increase in the 10-year forward real rate. www.federalreserve.gov/pubs/feds/2012/201246/201246pap.pdf

July 19, 2012 - Federal Reserve Board reaffirms long-standing policy of applying relevant international risk-management standards to Fedwire funds and Fedwire securities services.  www.federalreserve.gov/newsevents/press/bcreg/20120719a.htm

July 19, 2012 - Federal Reserve Board announces termination of enforcement action against Premier Financial Corp. and Premier Bank.   www.federalreserve.gov/newsevents/press/enforcement/20120719a.htm

July 18, 2012 - OCC Assesses Civil Money Penalty Against Capital One, Orders Restitution to 2.5 Million Customers - The Office of the Comptroller of the Currency today announced a $35 million civil money penalty against Capital One Bank, N.A., for violations of section 5 of the Federal Trade Commission Act, and ordered the bank to reimburse $150 million to 2.5 million affected consumers. www.occ.gov/news-issuances/news-releases/2012/nr-occ-2012-110.html

July 18, 2012 - Federal Reserve Releases July Beige Book and Related Sound Clip - Federal Reserve Releases July Beige Book and Related Sound Clip - Audio highlights of the Federal Reserve's Beige Book, which summarize economic conditions for the United States as a whole and the Fed's Eighth District, are available for downloading. Produced in MP3 format.  www.stlouisfed.org/newsroom/displayNews.cfm?article=1474

July 18, 2012 - Legal Developments - Section 19 Letters, April 2 - May 23, 2012. www.federalreserve.gov/bankinforeg/legaldevelopments/ordersother2012.htm

July 18, 2012 - Beige Book - Informal review by the Federal Reserve Banks of current economic conditions in their Districts.   www.federalreserve.gov/monetarypolicy/beigebook/beigebook201207.htm

July 17, 2012 - NCUA - The July 2012 Issue of the NCUA Report is Now Available.  www.ncua.gov/News/Pages/AllNewsSummary.aspx

July 17, 2012 - OCC Officials Testify on HSBC Bank Secrecy and Money Laundering Issues - Comptroller of the Currency Thomas J. Curry, joined by Deputy Chief Counsel Daniel P. Stipano and former Deputy Comptroller for Large Banks Grace E. Dailey, testified at the hearing conducted by the Permanent Subcommittee on Investigations of the U.S. Senate Committee on Homeland Security and Governmental Affairs. www.occ.gov/news-issuances/news-releases/2012/nr-occ-2012-109.html

July 17, 2012 - Donna Deale Named Deputy Comptroller for Thrift Supervision - The Office of the Comptroller of the Currency announced today that Donna Deale has been named Deputy Comptroller for Thrift Supervision. www.occ.gov/news-issuances/news-releases/2012/nr-occ-2012-108.html

July 17, 2012 - Report to the Congress - Semiannual Monetary Policy Report.  www.federalreserve.gov/monetarypolicy/mpr_default.htm

July 17, 2012 - Industrial production increased 0.4 percent in June after having declined 0.2 percent in May. In the manufacturing sector, output advanced 0.7 percent in June and reversed a decrease of 0.7 percent in May. In the second quarter of 2012, manufacturing output rose at an annual rate of 1.4 percent, a marked deceleration from its strong gain of 9.8 percent in the first quarter.  www.federalreserve.gov/releases/g17/Current/default.htm

July 17, 2012 - Chairman Ben S. Bernanke - Semiannual Monetary Policy Report to the Congress - Before the Committee on Banking, Housing, and Urban Affairs, U.S. Senate, Washington, D.C. www.federalreserve.gov/newsevents/testimony/bernanke20120717a.htm

July 17, 2012 - The Federal Reserve Board on Tuesday released the minutes of its discount rate meetings from May 21 through June 18, 2012. www.federalreserve.gov/newsevents/press/monetary/monetary20120717a1.pdf

July 17, 2012 - Federal Reserve Board issues enforcement action with TCB Holding Company.   www.federalreserve.gov/newsevents/press/enforcement/20120717a.htm

July 16, 2012 - Regulatory Reform - Communications with the public through July 16, 2012.  www.federalreserve.gov/newsevents/reform_meetings.htm

July 13, 2012 - Regional Missouri Bank, Marceline, Missouri, Assumes All of the Deposits of Glasgow Savings Bank, Glasgow, Missouri - Glasgow Savings Bank, Glasgow, Missouri, was closed today by the Missouri Division of Finance, which appointed the Federal Deposit Insurance Corporation as receiver. To protect the depositors, the FDIC entered into a purchase and assumption agreement with Regional Missouri Bank, Marceline, Missouri, to assume all of the deposits of Glasgow Savings Bank. www.fdic.gov/news/news/press/2012/pr12081.html

July 13, 2012 - Credit and Liquidity Programs and the Balance Sheet - Recent balance sheet trends, weekly chart data update www.federalreserve.gov/monetarypolicy/bst_recenttrends.htm
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July 12, 2012 - Comptroller Statement Regarding Wells Fargo Fair Lending Settlement - Comptroller of the Currency Thomas J. Curry made the following statement today at a press conference announcing a fair lending settlement with Wells Fargo: www.occ.gov/news-issuances/news-releases/2012/nr-occ-2012-107.html

July 12, 2012 - Do Oil Prices Help Forecast U.S. Real GDP? The Role of Nonlinearities and Asymmetries - Lutz Kilian and Robert J. Vigfusson - There is a long tradition of using oil prices to forecast U.S. real GDP. It has been suggested that the predictive relationship between the price of oil and one-quarter ahead U.S. real GDP is nonlinear in that (1) oil price increases matter only to the extent that they exceed the maximum oil price in recent years and that (2) oil price decreases do not matter at all. www.federalreserve.gov/pubs/ifdp/2012/1050/ifdp1050.pdf

July 12, 2012 - Exchange Rate Policy and Sovereign Bond Spreads in Developing Countries - Samir Jahjah, Bin Wei, and Vivian Zhanwei Yue -
This paper empirically analyzes how exchange rate policy affects the issuance and pricing of international bonds for developing countries. We find that countries with less flexible exchange rate regimes pay higher sovereign bond spreads and are less likely to issue bonds. www.federalreserve.gov/pubs/ifdp/2012/1049/ifdp1049.pdf

July 12, 2012 - Federal Reserve Board issues supervisory guidance for new optional pre-filing process for an applicant to request a response on a potential bank acquisition or other proposal.  www.federalreserve.gov/newsevents/press/bcreg/20120712a.htm

July 12, 2012 - Federal Reserve Board announces termination of enforcement action with Tower Financial Corporation and Tower Bank & Trust Company.   www.federalreserve.gov/newsevents/press/enforcement/20120712a.htm

July 11, 2012 - July Issue of St. Louis Fed’s The Regional Economist Now Available - The July 2012 issue of The Regional Economist, the Federal Reserve Bank of St. Louis’ quarterly review of business and economic conditions, is now available. www.stlouisfed.org/newsroom/displayNews.cfm?article=1467

July 11, 2012 - Guidance on a Lender’s Decision to Discontinue Foreclosure Proceedings.  www.federalreserve.gov/bankinforeg/srletters/sr1211a1.pdf

July 11, 2012 - Minutes of the Federal Open Market Committee, June 19-20, 2012.  www.federalreserve.gov/newsevents/press/monetary/20120711b.htm

July 11, 2012 - Federal Reserve offers $3 billion in 28-day term deposits through its Term Deposit Facility.   www.federalreserve.gov/newsevents/press/monetary/20120711a.htm

July 10, 2012 - Federal Financial Regulators Release Statement on Outsourced Cloud Computing - The statement discusses key risk considerations associated with outsourced cloud computing activities and identifies applicable risk mitigation considerations contained in the various booklets that comprise the FFIEC IT Examination Handbook. www.ncua.gov/News/Pages/NW20120710FFIECCloud.aspx

July 10, 2012 - Reports on the Federal Reserve and the United States Mint's collaborative efforts to develop the Presidential $1 Coin Program and improve the distribution and circulation of $1 coins. Assesses the remaining obstacles to the efficient and timely circulation of $1 coins.   www.federalreserve.gov/publications/other-reports/default.htm#dollarcoin

July 9, 2012 - New horizons for risk management: Shifting rules, shifting strategies by Elijah Brewer III, professor, DePaul University, Sarah Clinton, risk management specialist, Supervision and Regulation, Tiffany Gates, supervision analyst, Supervision and Regulation, and Carl R. Tannenbaum, senior vice president, Supervision and Regulation.  www.chicagofed.org/digital_assets/publications/chicago_fed_letter/2012/cfljuly2012_300a.pdf

July 9, 2012 - Economy to keep rolling along in 2012 and 2013 - by William A. Strauss, senior economist and economic advisor, and Norman Wang, associate economist - According to participants in the Chicago Fed’s annual Automotive Outlook Symposium, solid economic growth is forecasted for the nation this year and in 2013. www.chicagofed.org/digital_assets/publications/chicago_fed_letter/2012/cflaugust2012_301.pdf

July 9, 2012 - Caution Regarding Passing Deposit Insurance Assessment Fees on to Customers - The FDIC has become aware that certain insured depository institutions are charging customers an "FDIC fee" or similarly described fee, apparently to compensate the IDI for some or all of its FDIC deposit insurance assessment costs.  www.fdic.gov/news/news/financial/2012/fil12033.html

July 9, 2012 - Surveys and Reports - Senior Credit Officer Opinion Survey on Dealer Financing Terms, June 2012.   www.federalreserve.gov/econresdata/releases/scoos.htm

July 9, 2012 - Consumer credit increased at an annual rate of 8 percent in May. Revolving credit increased at an annual rate of 11-1/4 percent, while nonrevolving credit increased at an annual rate of 6-1/2 percent. www.federalreserve.gov/releases/g19/current/default.htm

July 7, 2012 - NCUA - Western Bridge Corporate Closes Doors - Implementation of NCUA’s Corporate Resolution Plan Proceeds Smoothly - The National Credit Union Administration announced today the liquidation of Western Bridge Corporate Federal Credit Union of San Dimas, Calif. Catalyst Corporate Federal Credit Union of Plano, Texas, completed the migration of Western Bridge’s 326 capitalizing members and services last week, and Western Bridge closed at the end of the day Friday. www.ncua.gov/News/Pages/NW20120707WesCorpLiquidation.aspx

July 6, 2012 - Ameris Bank, Moultrie, Georgia, Assumes All of the Deposits of Montgomery Bank & Trust, Ailey, Georgia - Montgomery Bank & Trust, Ailey, Georgia, was closed today by the Georgia Department of Banking and Finance, which appointed the Federal Deposit Insurance Corporation as receiver. To protect the depositors, the FDIC entered into a purchase and assumption agreement with Ameris Bank, Moultrie, Georgia, to assume all of the deposits of Montgomery Bank & Trust. www.fdic.gov/news/news/press/2012/pr12080.html

July 6, 2012 - St. Louis Fed President James Bullard Will Speak at OMFIF Golden Series Lecture.  www.stlouisfed.org/newsroom/displayNews.cfm?article=1464

July 6, 2012 - Statistical Release - Structure and Share Data for U.S. Offices of Foreign Banks.  www.federalreserve.gov/releases/iba/default.htm

July 6, 2012 - Credit and Liquidity Programs and the Balance Sheet - Recent balance sheet trends, weekly chart data update.   www.federalreserve.gov/monetarypolicy/bst_recenttrends.htm
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July 5, 2012 - Financial Conditions Improve in Week Ending June 29 - The NFCI improved for the second straight week, decreasing to -0.56 in the week ending June 29. www.chicagofed.org/webpages/research/data/nfci/background.cfm

July 5, 2012 - OCC Report Discusses Risks Facing National Banks and Federal Savings Associations - Top risks facing national banks and federal savings associations include the lingering effects of a weak housing market, revenue challenges related to slow economic growth and market volatility, and the potential that banks may take excessive risks in an effort to improve profitability. www.occ.gov/news-issuances/news-releases/2012/nr-occ-2012-106.html

July 5, 2012 - 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/2012/pr12079.html

July 5, 2012 - Federal Reserve Board issues enforcement action with First Mutual of Richmond, Inc. and Richmond Mutual Bancorporation, Inc. www.federalreserve.gov/newsevents/press/enforcement/20120705a.htm

July 3, 2012 - NCUA’s 2011 Annual Report Posted Online - The National Credit Union Administration posted the agency’s 2011 Annual Report online today. Entitled Foundation for the Future, the annual report highlights NCUA’s activities and accomplishments in 2011. www.ncua.gov/News/Pages/NW20120703AnnualReport.aspx

July 3, 2012 - FDIC Announces Availability of Public Sections of Resolution Plans - The Federal Deposit Insurance Corporation has made available the public sections of the initial resolution plans submitted to the FDIC and Federal Reserve under Title I of the Dodd-Frank Wall Street Reform and Consumer Protection Act.  www.fdic.gov/news/news/press/2012/pr12078.html

July 3, 2012 - Banking Information and Regulation - Federal Reserve releases public section of resolution plans filed by the first group of largest banking organizations.  www.federalreserve.gov/bankinforeg/resolution-plans.htm

July 3, 2012 - Federal Reserve Board issues enforcement action and termination of enforcement actions.   www.federalreserve.gov/newsevents/press/enforcement/20120703a.htm

July 2, 2012 - OCC Releases CRA Evaluations for 42 National Banks and Federal Savings Associations - The Office of the Comptroller of the Currency today released a list of Community Reinvestment Act (CRA) performance evaluations that became public during the period of June 1, 2012 through June 30, 2012. www.occ.gov/news-issuances/news-releases/2012/nr-occ-2012-105.html

July 2, 2012 - FDIC Announces Senior Appointments in the Division of Risk Management Supervision; Office of Legislative Affairs; and Office of Communications - The Federal Deposit Insurance Corporation today announced three senior staff appointments: Doreen R. Eberley as Senior Deputy Director for Supervisory Examinations in the Division of Risk Management Supervision, Andrew Gray, as Deputy to the Chairman for Communications; and Eric Spitler as Director of the Office of Legislative Affairs.  www.fdic.gov/news/news/press/2012/pr12077.html

July 2, 2012 - Regulatory Reform - Communications with the public through July 2, 2012 - The Federal Reserve Board will be involved in many rulemakings to implement the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010. During the rulemaking process, meetings will take place between the Board and the public--representatives of bank organizations, consumer groups, trade associations, researchers and academics--that allow the Board to gather information and help educate the public on matters subject to agency rulemaking. www.federalreserve.gov/newsevents/reform_meetings.htm

July 2, 2012 - Questions and Answers for Federal Reserve-Regulated Institutions Related to the Management of Other Real Estate Owned.   www.federalreserve.gov/bankinforeg/srletters/sr1210.htm