The E-mail Banking News
(Bank Regulatory News)
July 2013

July 31, 2013 - NCUA Issues Prohibition Orders - The National Credit Union Administration has issued six orders in July prohibiting the following individuals from participating in the affairs of any federally insured financial institution.  www.ncua.gov/News/Pages/NW20130731ProhibtionOrders.aspx

July 31, 2013 - NCUA Terminates Letter of Understanding with Lynn Municipal Credit Union - The National Credit Union Administration announced today that it has terminated its Letter of Understanding and Agreement, dated Oct. 12, 2012, with Lynn Municipal Employees Credit Union and the Massachusetts Division of Banks. www.ncua.gov/News/Pages/NW20130731Lynn.aspx

July 31, 2013 - Payment Processor Relationships - Revised Guidance - Attached is revised guidance describing potential risks associated with relationships with third-party entities that process payments for telemarketers, online businesses, and other merchants.  www.fdic.gov/news/news/financial/2012/fil12003.html

July 31, 2013 - Regulatory Relief - Guidance to Help Financial Institutions and Facilitate Recovery in Areas of Colorado Affected by Wildfires - The FDIC has announced a series of steps intended to provide regulatory relief to financial institutions and facilitate recovery in areas of Colorado affected by wildfires. www.fdic.gov/news/news/financial/2013/fil13034.html

July 31, 2013 - Federal Reserve issues FOMC statement - Information received since the Federal Open Market Committee met in June suggests that economic activity expanded at a modest pace during the first half of the year. Labor market conditions have shown further improvement in recent months, on balance, but the unemployment rate remains elevated. www.federalreserve.gov/newsevents/press/monetary/20130731a.htm

July 30, 2013 - Agencies seek comment on Dodd-Frank Act stress test guidance for medium-sized firms - Three federal bank regulatory agencies are seeking comment on proposed guidance describing supervisory expectations for stress tests conducted by financial companies with total consolidated assets between $10 billion and $50 billion.
Press Release: www.federalreserve.gov/newsevents/press/bcreg/20130730a.htm
Press Release: www.fdic.gov/news/news/press/2013/pr13067.html
Press Release: www.occ.gov/news-issuances/news-releases/2013/nr-ia-2013-119.html

July 30, 2013 - Federal Reserve Board issues enforcement action with Port Byron State Bank.   www.federalreserve.gov/newsevents/press/enforcement/20130730a.htm

July 29, 2013 - The Role of Time-Critical Liquidity in Financial Markets - Economic Perspectives article examines the growing dependence of global financial markets on time-critical liquidity in managing settlement risk and its implications for financial regulation. www.chicagofed.org/digital_assets/publications/economic_perspectives/2013/2Q2013_part1_marshall_steigerwald.pdf

July 29, 2013 - NCUA - July NCUA Economic Update Now Available - The National Credit Union Administration released today its latest “YouTube” economic update video. www.ncua.gov/News/Pages/NW20130729EconomicVideo.aspx

July 29, 2013 - New Education Resource: Tools for Teaching the Arkansas Economics and Personal Finance Course - This is a free, semester-long economics and personal finance course that complements the Common Core State Standards in mathematics, English language arts and reading, and is aligned to the Arkansas State Economics Frameworks, as well as the National Standards in Economics. www.stlouisfed.org/newsroom/displayNews.cfm?article=1867

July 29, 2013 - Payment Systems - Payment System Risk Quarterly Data. www.federalreserve.gov/paymentsystems/psr_data.htm

July 29, 2013 - Reports to the Congress - Presidential $1 Coin Program, July 2013 - 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. www.federalreserve.gov/publications/other-reports/default.htm

July 26, 2013 - NCUA - Poliquin Named NCUA Board Secretary Following Rupp’s Retirement - National Credit Union Administration Board Chairman Debbie Matz announced the selection of Gerard Poliquin as Secretary of the Board following the retirement of Mary Rupp. www.ncua.gov/News/Pages/NW20130726Poliquin.aspx

July 26, 2013 - FDIC Makes Public June Enforcement Actions; No Administrative Hearings Scheduled for August 2013.   www.fdic.gov/news/news/press/2013/pr13066.html

July 26, 2013 - Payment Systems - $1 Coin Quarterly Inventories.  www.federalreserve.gov/paymentsystems/coin_data.htm

July 26, 2013 - Credit and Liquidity Programs and the Balance Sheet - Recent balance sheet trends, weekly chart data update.   www.federalreserve.gov/monetarypolicy/bst_recenttrends.htm

July 26, 2013 - Federal Reserve releases an amendment to the enforcement action against GMAC Mortgage.   www.federalreserve.gov/newsevents/press/enforcement/20130726a.htm
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July 25, 2013 - FRED grows to more than 140,000 data series with addition of OECD Main Economic Indicators - FRED grows to more than 140,000 data series with addition of OECD Main Economic Indicators.   www.stlouisfed.org/newsroom/displayNews.cfm?article=1868

July 25, 2013 - St. Louis Fed Financial Stress Index eases for third consecutive week.   www.stlouisfed.org/newsroom/displayNews.cfm?article=1865

July 25, 2013 - Proposals for Comment - Proposal to approve under OMB delegated authority the extension for three years, with revision, the following report: Intermittent Survey of Business.  www.federalreserve.gov/apps/foia/proposedregs.aspx#icp

July 25, 2013 - Agencies Encourage Lenders to Work with Student Loan Borrowers - The federal bank regulatory agencies today issued a statement encouraging financial institutions to work constructively with private student loan borrowers experiencing financial difficulties.
Press Release: www.federalreserve.gov/newsevents/press/bcreg/20130725a.htm
Press Release: www.fdic.gov/news/news/press/2013/pr13065.html
Press Release: www.occ.gov/news-issuances/news-releases/2013/nr-ia-2013-118.html

July 25, 2013 - NCUA - July 2013 Board Meeting: NCUA Saves Credit Unions $2.6 Million with Mid-Year Budget Adjustment.   www.ncua.gov/about/Pages/Board%20Actions/BAB20130725.aspx

July 23, 2013 - NCUA Receives Energy Star Certification - The National Credit Union Administration has received the ENERGY STAR certification for its Alexandria, Va., central office, Board Chairman Debbie Matz announced today. www.ncua.gov/News/Pages/NW20130723EnergyStar.aspx

July 23, 2013 - NCUA - The NCUA Report for July 2013 Now Available.  www.ncua.gov/News/NewsLtrs/Pages/default.aspx

July 23, 2013 - Request submitted to OMB for approval of interagency proposal to extend for three years, with revision, the following currently approved collections of information: Country Exposure Report and Country Exposure Information Report.   www.federalreserve.gov/apps/foia/proposedregs.aspx#icp

July 23, 2013 - Federal Reserve Board issues enforcement actions with First Pryority Bank and Royal Bancshares of Pennsylvania.  www.federalreserve.gov/newsevents/press/enforcement/20130723a.htm

July 22, 2013 - Economic Activity Slightly Improved in June - The Chicago Fed National Activity Index was –0.13 in June, up from –0.29 in May. http://chicagofed.org/digital_assets/publications/cfnai/2013/cfnai_july2013.pdf 

July 22, 2013 - FDIC Announces Advisory Committee on Community Banking Meeting - The Federal Deposit Insurance Corporation announced today that it will hold a meeting of the Advisory Committee on Community Banking on Thursday, July 25th. www.fdic.gov/news/news/press/2013/pr13064.html

July 22, 2013 - Government-Administered, General-Use Prepaid Cards - The Board's annual report to the Congress on the use of general-use prepaid cards in federal, state, and local government-administered payment programs and on the interchange fees and cardholder fees charged with respect to the use of those cards. www.federalreserve.gov/publications/other-reports/files/government-prepaid-report-201307.pdf

July 22, 2013 - Analysis of Wealth Using Micro and Macro Data: A Comparison of the Survey of Consumer Finances and Flow of Funds Accounts - Alice M. Henriques and Joanne W. Hsu - Researchers use different types of household balance sheet data to study different aspects of lifecycle saving and wealth accumulation behavior. www.federalreserve.gov/pubs/feds/2013/201346/201346pap.pdf

July 22, 2013 - Dementia Risk and Financial Decision Making by Older Households: The Impact of Information - Joanne W. Hsu and Robert J. Willis - The knowledge and reasoning ability needed to manage one's finances is a form of human capital. Alzheimer's disease and other dementias cause progressive declines in cognition that lead to a complete loss of functional capacities. www.federalreserve.gov/pubs/feds/2013/201345/201345pap.pdf

July 22, 2013 - Importing, Exporting and Firm-Level Employment Volatility - Christopher Kurz and Mine Z. Senses - In this paper, we use detailed trade and transactions data for the U.S. manufacturing sector to empirically analyze the direction and magnitude of the association between firm-level exposure to trade and the volatility of employment growth. www.federalreserve.gov/pubs/feds/2013/201344/201344pap.pdf

July 22, 2013 - Sequential Monte Carlo Sampling for DSGE Models - Edward P. Herbst and Frank Schorfheide - We develop a sequential Monte Carlo algorithm for estimating Bayesian dynamic stochastic general equilibrium models, wherein a particle approximation to the posterior is built iteratively through tempering the likelihood. www.federalreserve.gov/pubs/feds/2013/201343/201343pap.pdf

July 22, 2013 - Regulatory Reform - Communications with the public through July 22, 2013.   www.federalreserve.gov/newsevents/reform_meetings.htm

July 19, 2013 - The Role of Time-Critical Liquidity in Financial Markets - Economic Perspectives article examines the growing dependence of global financial markets on time-critical liquidity in managing settlement risk and its implications for financial regulation. http://chicagofed.org/digital_assets/publications/economic_perspectives/2013/2Q2013_part1_marshall_steigerwald.pdf

July 19, 2013 - NCUA’s Wilson Chosen for Leadership Program - The National Credit Union Administration Board Chairman Debbie Matz announced that Jeffrey Wilson II, an accountant with the Office of the Chief Financial Officer, has been selected for the American Institute of Certified Public Accountants’ fifth annual Leadership Academy. www.ncua.gov/News/Pages/NW20130719Wilson.aspx

July 19, 2013 - 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/2013/nr-occ-2013-117.html

July 19, 2013 - 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 18, 2013 - St. Louis Fed Financial Stress Index eases to its lowest level in four weeks.  www.stlouisfed.org/newsroom/displayNews.cfm?article=1863

July 18, 2013 - Federal Reserve Board issues enforcement action with Minster Bank and announces termination of enforcement action with Citizens Bancshares Co. www.federalreserve.gov/newsevents/press/enforcement/20130718a.htm

July 18, 2013 - NCUA - Board Agenda for the July 25, 2013 Meeting.  www.ncua.gov/about/Pages/Agendas/AG20130725.aspx

July 18, 2013 - NCUA Plans Regional Realignment in 2014 - The National Credit Union Administration today announced a realignment of the agency’s regional supervision of federally insured credit unions in nine states, effective Jan. 1, 2014.  www.ncua.gov/News/Pages/NW20130718Regions.aspx

July 17, 2013 - The Office of Comptroller of the Currency today submitted a statement to the Subcommittee on Financial Institutions and Consumer Protection of the U.S. Senate Committee on Banking, Housing, and Urban Affairs describing its oversight of debt collection and debt sales activities by the national banks and federal savings associations it supervises. www.occ.gov/news-issuances/congressional-testimony/2013/pub-test-2013-116-oral.pdf

July 17, 2013 - NCUA - Agenda for the 07/24/2013 NCUA Board Meeting is Available.  www.ncua.gov/News/Pages/AllNewsSummary.aspx

July 17, 2013 - 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. www.stlouisfed.org/newsroom/displayNews.cfm?article=1860

July 17, 2013 - Beige Book - Informal review by the Federal Reserve Banks of current economic conditions in their Districts.   www.federalreserve.gov/monetarypolicy/beigebook/files/Beigebook_20130717.pdf

July 17, 2013 - Publications - Insights into the Financial Experiences of Older Adults: A Forum Briefing Paper.   www.federalreserve.gov/newsevents/conferences/financial-experiences-of-older-adults-publication.htm

July 17, 2013 - Report to the Congress - Monetary Policy Report.  www.federalreserve.gov/monetarypolicy/mpr_default.htm

July 17, 2013 - Governor Sarah Bloom Raskin - Beyond Capital: The Case for a Harmonized Response to Asset Bubbles - At the The Exchequer Club Luncheon, Washington, D.C. www.federalreserve.gov/newsevents/speech/raskin20130717a.htm

July 17, 2013 - Chairman Ben S. Bernanke - Semiannual Monetary Policy Report to the Congress - Before the Committee on Financial Services, U.S. House of Representatives, Washington, D.C. www.federalreserve.gov/newsevents/testimony/bernanke20130717a.htm

July 16, 2013 - FDIC Announces Retirement of Office of Minority and Women Inclusion Director D. Michael "Mickey" Collins - D. Michael "Mickey" Collins, Director of the Office of Minority and Women Inclusion, has announced his retirement from the FDIC effective August 3, 2013.   www.fdic.gov/news/news/press/2013/pr13063.html

July 16, 2013 - Minutes of the Board's discount rates meetings from May 13 through June 17, 2013.   www.federalreserve.gov/newsevents/press/monetary/monetary20130716a1.pdf

July 16, 2013 - Federal Reserve Board announces termination of enforcement actions with Cascade Bancorp, Reliance Bancshares, and Rocky Mountain Bank.  www.federalreserve.gov/newsevents/press/enforcement/20130716a.htm

July 15, 2013 - The Role of Time-Critical Liquidity in Financial Markets - Economic Perspectives article examines the growing dependence of global financial markets on time-critical liquidity in managing settlement risk and its implications for financial regulation. http://chicagofed.org/digital_assets/publications/economic_perspectives/2013/2Q2013_part1_marshall_steigerwald.pdf 

July 15, 2013 - NCUA - Ohio’s Taupa Lithuanian Credit Union Closes - The Ohio Division of Financial Institutions has liquidated the Taupa Lithuanian Credit Union of Cleveland, Ohio, and appointed the National Credit Union Administration as liquidating agent. www.ncua.gov/News/Pages/NW20130715Taupa.aspx

July 15, 2013 - NCUA - Biliouris Named Deputy Director of NCUA’s Office of Consumer Protection - National Credit Union Administration Board Chairman Debbie Matz today announced the selection of Matthew Biliouris to the new position of Deputy Director in the Office of Consumer Protection. www.ncua.gov/News/Pages/NW20130715Biliouris.aspx

July 12, 2013 - Economy to Cruise at Speed Limit in 2013 and Accelerate Slightly in 2014 - William A. Strauss, Norman Wang - According to participants in the Chicago Fed's annual Automotive Outlook Symposium, the nation's economic growth is forecasted to be solid this year and to strengthen somewhat in 2014.  www.chicagofed.org/webpages/events/2013/automotive_outlook_symposium.cfm

July 12, 2013 - NCUA - Chairman Matz: NCUA Building “New Risk-Based Capital Framework” - Calling the agency’s one-size-fits-all capital requirement “outdated and insufficient,” National Credit Union Administration Board Chairman Debbie Matz said NCUA will build a “new risk-based capital framework” tailored to protect the industry and consumers from losses. www.ncua.gov/News/Pages/NW20130712MatzNAFCU.aspx

July 12, 2013 - Independent Foreclosure Review Payments Exceed $2.5 Billion - Nearly 2.9 million checks, totaling more than $2.5 billion, related to the Independent Foreclosure Review (IFR) Payment Agreement have been cashed or deposited through July 11, 2013. www.occ.gov/news-issuances/news-releases/2013/nr-occ-2013-115.html

July 12, 2013 - Office of the Comptroller of the Currency Hosts Workshops in North Dakota - The Office of the Comptroller of the Currency will host two workshops in Fargo, N.D., at the Ramada Plaza and Suites, Aug. 13-14, for directors of national community banks and federal savings associations. www.occ.gov/news-issuances/news-releases/2013/nr-occ-2013-114.html

July 12, 2013 - June McAllister Fowler Joins St. Louis Fed’s Health Care Industry Council - June McAllister Fowler, vice president for corporate and public communications of BJC HealthCare, St. Louis, Mo., has been named to the Health Care Industry Council of the Federal Reserve Bank of St. Louis. www.stlouisfed.org/newsroom/displayNews.cfm?article=1856

July 12, 2013 - St. Louis Fed’s Bullard Discusses Recent Developments in Monetary Policy - Federal Reserve Bank of St. Louis President James Bullard gave remarks Friday on “Recent Developments in Monetary Policy,” as part of the Federal Reserve Bank panel at the Global Interdependence Center’s 5th Annual Rocky Mountain Economic Summit. www.stlouisfed.org/newsroom/displayNews.cfm?article=1855

July 12, 2013 - 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 11, 2013 - Comptroller Testifies on Dodd-Frank Act - Comptroller of the Currency Thomas J. Curry today discussed the status of actions taken by the OCC to implement the Dodd-Frank Wall Street Reform and Consumer Protection Act during a hearing before the U.S. Senate Committee on Banking, Housing, and Urban Affairs. www.occ.gov/news-issuances/news-releases/2013/nr-occ-2013-113.html

July 11, 2013 - Martin Pfinsgraff Named Senior Deputy Comptroller for Large Bank Supervision - Comptroller of the Currency Thomas J. Curry announced today he has named Martin Pfinsgraff Senior Deputy Comptroller for Large Bank Supervision. www.occ.gov/news-issuances/news-releases/2013/nr-occ-2013-112.html

July 11, 2013 - St. Louis Fed Financial Stress Index eases slightly to -0.236 from previous week’s -0.205.  www.stlouisfed.org/newsroom/displayNews.cfm?article=1849

July 11, 2013 - Elizabeth A. Duke submits resignation as a member of the Board of Governors, effective August 31, 2013. www.federalreserve.gov/newsevents/press/other/20130711a.htm

July 11, 2013 - NCUA Hosting Secondary Capital Webinar - The National Credit Union Administration (NCUA) will host a free webinar, “Will Secondary Capital Work for You?,” on Wednesday, July 31, 2013, at 2 p.m. Eastern. www.ncua.gov/News/Pages/NW20130711Webinar.aspx

July 11, 2013 - NCUA Releases New Consumer Report - The National Credit Union Administration today released the latest video in the agency’s consumer series highlighting the many resources available on the agency’s consumer website, MyCreditUnion.gov and its financial literacy microsite, Pocket Cents. www.ncua.gov/News/Pages/NW20130711Video.aspx

July 10, 2013 - NCUA - Autoland Purchased by Mission Federal - The National Credit Union Administration today announced that Mission Federal Credit Union, of San Diego, Calif., has purchased Autoland, a national car-buying service provider. www.ncua.gov/News/Pages/NW20130708AutolandPurchased.aspx

July 10, 2013 - The 2013 FFIEC Geocoding System has been updated with the 2013 Census data. - The FFIEC is under contractual agreement with Tele Atlas, its data source vendor for this system, which limits Internet users to enter one address at a time and obtain the appropriate geocoding information. www.ffiec.gov/Geocode/default.aspx

July 10, 2013 - Chairman Ben S. Bernanke - A Century of U.S. Central Banking: Goals, Frameworks, Accountability - At the "The First 100 Years of the Federal Reserve: The Policy Record, Lessons Learned, and Prospects for the Future," a conference sponsored by the National Bureau of Economic Research, Cambridge, Massachusetts.  www.federalreserve.gov/newsevents/speech/bernanke20130710a.htm

July 10, 2013 - Agencies issue proposed rule to exempt subset of higher-priced mortgage loans from appraisal requirements - Six federal financial regulatory agencies today issued a proposed rule that would create exemptions from certain appraisal requirements for a subset of higher-priced mortgage loans. The proposed exemptions are intended to save borrowers time and money and to promote the safety and soundness of creditors.
Press Release: www.federalreserve.gov/newsevents/press/bcreg/20130710a.htm
Press Release: www.fdic.gov/news/news/press/2013/pr13062.html
Press Release: www.occ.gov/news-issuances/news-releases/2013/nr-ia-2013-111.html
Press Release: www.ncua.gov/News/Pages/NW20130710ProposedRule.aspx

July 10, 2013 - Minutes of the Federal Open Market Committee, June 18-19, 2013.  www.federalreserve.gov/newsevents/press/monetary/20130710a.htm

July 9, 2013 - OCC Approves Final Rule on Regulatory Capital; Proposes Doubling Leverage Ratio for the Largest Banks - The Office of the Comptroller of the Currency approved a final rule revising regulatory capital rules applicable to national banks and federal savings associations on July 9, 2013, and, with the Federal Deposit Insurance Corporation and the Federal Reserve Board (FRB), proposed doubling the leverage ratio for large interconnected U.S. banking organizations. www.occ.gov/news-issuances/news-releases/2013/nr-occ-2013-110.html

July 9, 2013 - FDIC Board Approves Basel III Interim Final Rule and Supplementary Leverage Ratio Notice of Proposed Rulemaking - The FDIC Board of Directors today approved an interim final rule that adopts with revisions the three notices of proposed rulemaking that the banking agencies proposed last year related to Basel III and the standardized approach. www.fdic.gov/news/news/press/2013/pr13060.html

July 9, 2013 - Survey of Terms of Business Lending - E.2.  www.federalreserve.gov/releases/e2/current/default.htm

July 9, 2013 - Agencies adopt supplementary leverage ratio notice of proposed rulemaking - The Federal Reserve Board, the Federal Deposit Insurance Corporation , and the Office of the Comptroller of the Currency on Tuesday proposed a rule to strengthen the leverage ratio standards for the largest, most systemically significant U.S. banking organizations.
Press Release www.federalreserve.gov/newsevents/press/bcreg/20130709a.htm
Press Release: www.fdic.gov/news/news/press/2013/pr13061.html
Press Release: www.occ.gov/news-issuances/news-releases/2013/nr-ia-2013-109.html

July 9, 2013 - Federal Reserve Board announces termination of enforcement actions with Buckeye Bancshares and Buckeye Community Bank, and Huntington Bancshares.  www.federalreserve.gov/newsevents/press/enforcement/20130709a.htm

July 8, 2013 - The Role of Time-Critical Liquidity in Financial Markets - Economic Perspectives article examines the growing dependence of global financial markets on time-critical liquidity in managing settlement risk and its implications for financial regulation. www.chicagofed.org/webpages/index.cfm

July 8, 2013 - Economic Growth Forecasts—Views from the Automotive Sector - Chicago Fed Letter reports symposium forecasts for the auto sector and the U.S. economy through 2014.  www.chicagofed.org/digital_assets/publications/chicago_fed_letter/2013/cflaugust2013_313a.pdf

July 8, 2013 - NCUA - Reminder: NCUA Chairman Matz Hosting Town Hall Webinar July 18 - National Credit Union Administration Board Chairman Debbie Matz will host a free town hall webinar, open to the entire credit union industry and anyone interested, on Thursday, July 18, beginning at 3 p.m. EDT. www.ncua.gov/News/Pages/NW20130708Webinar.aspx

July 8, 2013 - Timing Standards for the Completion of Safety-and-Soundness Examination and Inspection Reports for Community Banking Organizations.   www.federalreserve.gov/bankinforeg/srletters/sr1314.pdf

July 8, 2013 - Surveys and Reports - Senior Credit Officer Opinion Survey on Dealer Financing Terms, June 2013 - The Senior Credit Officer Opinion Survey on Dealer Financing Terms is a quarterly survey providing information about the availability and terms of credit in securities financing and over-the counter derivatives markets. www.federalreserve.gov/econresdata/releases/scoos.htm

uly 8, 2013 - Proposals for comment - Regulations H, Q, and Y Risk Based Capital Guidelines: Market Risk - Proposal to revise the market risk capital rule to address recent changes to the Country Risk Classifications published by the Organization for Economic Cooperation and Development, which are referenced in the Board's market risk rule; to clarify the treatment of certain traded securitization positions; to make a technical amendment to the definition of covered position; and to clarify the timing of the required market risk disclosures. www.federalreserve.gov/boarddocs/press/foiadocs/2013/20130708/foia20130708.pdf

July 8, 2013 - Credit and Liquidity Programs and the Balance Sheet - Recent balance sheet trends, weekly chart data update.   www.federalreserve.gov/monetarypolicy/bst_recenttrends.htm

July 8, 2013 - Payment Systems - Small Issuer Exemption data update - Interchange Fee Standards: Small Issuer Exemption.   www.federalreserve.gov/paymentsystems/regii-interchange-fee-standards.htm

July 5, 2013 - Main Street Economist examines the next generation of farm operators - Young and beginning farmers represent the next generation of farm operators, but entering the profession can be challenging. www.kc.frb.org/publicat/newsroom/2013pdf/press.release.06.06.13.pdf

July 5, 2013 - The Federal Financial Institutions Examination Council today announced the formation of a working group to further promote coordination across the federal and state banking regulatory agencies on critical infrastructure and cybersecurity issues. www.ffiec.gov/press/pr060613.htm _______________________________

July 3, 2013 - Financial Conditions Tighten Slightly in June - Both the NFCI and ANFCI increased in June, but continued to indicate looser-than-average financial conditions. http://chicagofed.org/webpages/research/data/nfci/background.cfm

July 3, 2013 - NCUA Board Revises Effective Date for Loan Participation Rule - National Credit Union Administration (NCUA) Board members decided unanimously by a notation vote to extend the effective date of the agency’s new loan participation rule (Parts 701 and 741) from July 25, 2013, to September 23, 2013. www.ncua.gov/News/Pages/NW20130703Loans.aspx

July 3, 2013 - St. Louis Fed Financial Stress Index continues to climb to -0.201 from previous week’s -0.321.  www.stlouisfed.org/newsroom/displayNews.cfm?article=1843

July 3, 2013 - 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/2013/pr13059.html

July 2, 2013 - Speech by Governor Jerome H. Powell - International Financial Regulatory Reform.   www.federalreserve.gov/newsevents/speech/powell20130702a.htm

July 2, 2013 - Comptroller Curry says Final Rule Strengthens Capital While Minimizing Burden on Community Banks and Thrifts - Comptroller of the Currency Thomas J. Curry issued the following statement today regarding the interagency capital rule, which the Federal Reserve Board approved today. www.occ.gov/news-issuances/news-releases/2013/nr-occ-2013-108.html

July 2, 2013 - Mike Castellano Joins St. Louis Fed’s Health Care Industry Council - Mike Castellano, chief executive officer of Esse Health, St. Louis, Mo., has been named to the Health Care Industry Council of the Federal Reserve Bank of St. Louis. www.stlouisfed.org/newsroom/displayNews.cfm?article=1842

July 2, 2013 - Consolidated Reports of Condition and Income - The Consolidated Reports of Condition and Income for the June 30, 2013, report date must be received by Tuesday, July 30, 2013. Certain institutions with foreign offices have an additional five calendar days to submit their reports. www.fdic.gov/news/news/financial/2013/fil13030.html

July 2, 2013 - Agencies release public sections of resolution plans for four institutions - The Federal Deposit Insurance Corporation and the Federal Reserve Board on Tuesday made available the public portions of resolution plans for four firms with U.S. nonbank assets between $100 billion and $250 billion.
Press Release: www.federalreserve.gov/newsevents/press/bcreg/20130702b.htm
Press Release: www.fdic.gov/news/news/press/2013/pr13058.html

July 2, 2013 - Federal Reserve Board approves final rule to help ensure banks maintain strong capital positions - The Federal Reserve Board on Tuesday approved a final rule to help ensure banks maintain strong capital positions that will enable them to continue lending to creditworthy households and businesses even after unforeseen losses and during severe economic downturns. www.federalreserve.gov/newsevents/press/bcreg/20130702a.htm

July 2, 2013 - Federal Reserve Board announces termination of enforcement action with Ameri-National Corporation.   www.federalreserve.gov/newsevents/press/enforcement/20130702a.htm

July 1, 2013 - The Role of Time-Critical Liquidity in Financial Markets - Economic Perspectives article examines the growing dependence of global financial markets on time-critical liquidity in managing settlement risk and its implications for financial regulation.   http://chicagofed.org/digital_assets/publications/economic_perspectives/2013/2Q2013_part1_marshall_steigerwald.pdf

July 1, 2013 - PEF Federal Credit Union Closes - The National Credit Union Administration today liquidated PEF Federal Credit Union of Highland Heights, Ohio. www.ncua.gov/News/Pages/NW20130701PEF.aspx

July 1, 2013 - The 2013 FFIEC Census Data Products have been released. - The FFIEC publishes various nationwide census data that are used as input to HMDA/CRA reporting, processing and analysis, and to verify HMDA/CRA property location information. The census data products are listed below and further descriptive information is provided at each product link. www.ffiec.gov/hmda/censusproducts.htm

July 1, 2013 - FDIC Releases Second Installment of Technical Assistance Videos - The Federal Deposit Insurance Corporation today announced the release of the second installment in a series of technical assistance videos to provide useful information to bank directors, officers, and employees on regulatory issues and proposed regulatory changes. www.fdic.gov/news/news/press/2013/pr13056.html

July 1, 2013 - Regulatory Reform - Communications with the public through July 1, 2013.  www.federalreserve.gov/newsevents/reform_meetings.htm

July 1, 2013 - Economic Volatility and Financial Markets: The Case of Mortgage-Backed Securities - Gaetano Antinolfi and Celso Brunetti - The volatility of aggregate economic activity in the United States decreased markedly in the mid eighties.  www.federalreserve.gov/pubs/feds/2013/201342/201342pap.pdf

July 1, 2013 - Statistical Release - Foreign Exchange Rates - G.5 Monthly - The table below shows the average rates of exchange in JUNE 2013 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/default.htm

July 1, 2013 - Banking Agencies Issue Host State Loan-to-Deposit Ratios - The Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, and the Office of the Comptroller of the Currency today issued the host state loan-to-deposit ratios that the banking agencies will use to determine compliance with section 109 of the Riegle-Neal Interstate Banking and Branching Efficiency Act of 1994.
Press Release: www.federalreserve.gov/newsevents/press/bcreg/20130701a.htm
Press Release: www.fdic.gov/news/news/press/2013/pr13057.html
Press Release: www.occ.gov/news-issuances/news-releases/2013/nr-ia-2013-107.html