R. Kinney Williams - Yennik, Inc.
R. Kinney Williams
Yennik, Inc.

The Community Banker
Brought to you by Yennik, Inc. the acknowledged leader in Internet auditing for financial institutions.

 

Bank Regulatory News

June 2010

Yennik, Inc. has clients in 42 states that rely on our penetration testing audits to ensure proper Internet security settings and to meet the independent diagnostic test requirements of FDIC, OCC, OTS, FRB, and NCUA, which provides compliance with Gramm-Leach Bliley Act 501(b) The penetration audit and Internet security testing is an affordable-sophisticated process than goes far beyond the simple scanning of ports.  The audit focuses on a hacker's perspective, which will help you identify real-world weaknesses.  For more information, give R. Kinney Williams a call today at 806-798-7119 or visit http://www.internetbankingaudits.com/.

June 30, 2010 - Chicago Fed President Evans on CNBC - Federal Reserve Bank of Chicago President Charles Evans talks about the economy on CNBC's Squawk.  www.cnbc.com/id/15840232?video=1533905832&play=1 

June 30, 2010 - How Can Financial Institutions Improve Risk Management? - Chicago Fed Letter looks at better ways to manage risk in the wake of the financial crisis. www.chicagofed.org/digital_assets/publications/chicago_fed_letter/2010/cfljuly2010_276a.pdf 

June 30, 2010 - Incentive Compensation: Interagency Guidance on Sound Incentive Compensation Policies - Interagency guidance ensures that banks' incentive compensation arrangements do not encourage imprudent risk-taking and are consistent with safety and soundness principles. www.occ.treas.gov/ftp/bulletin/2010-24.html 

June 30, 2010 - OCC Allows National Bank Offices - Affected by Hurricane Alex to Close - The Office of the Comptroller of the Currency today issued a proclamation allowing national bank offices affected by Hurricane Alex to close at their discretion. www.occ.treas.gov/ftp/release/2010-73.htm 

June 30, 2010 - Louisville SBE Maria Hampton Discusses Making Diversity and Small Business Development Pay - Senior Branch Executive Maria Hampton discussed the importance of diversity in small business development and entrepreneurial thinking as part of a panel at "Making Diversity Pay: The Challenges and Payoffs of Women and Minority Owned Businesses."  www.stlouisfed.org/newsroom/displayNews.cfm?article=706 

June 30, 2010 - The State Liaison Committee of the Federal Financial Institutions Examination Council announced today the re-election of John Munn as its Chairman for the period of May 1, 2010 through April 30, 2011. www.ffiec.gov/press/pr043010.htm

June 30, 2010 - Unlawful Internet Gambling Enforcement Act Examination Guidance and Procedures - The FDIC and the other federal banking, thrift and credit union regulatory agencies are issuing the attached guidance and examination procedures related to the Unlawful Internet Gambling Enforcement Act of 2006.  www.fdic.gov/news/news/financial/2010/fil10035.html

June 30, 2010 - Revised Interagency Examination Procedures for Regulation E - The Task Force on Consumer Compliance of the Federal Financial Institutions Examination Council recently approved the attached interagency examination procedures for Regulation E - Electronic Fund Transfers. These revised procedures supersede the Regulation E interagency examination procedures transmitted with CA 08-7. www.federalreserve.gov/boarddocs/caletters/2010/1007/caltr1007.htm 

June 30, 2010 - Governor Elizabeth A. Duke - Fostering a Healthy Credit Environment - At Ohio Bankers Day, Columbus, Ohio.   www.federalreserve.gov/newsevents/speech/duke20100630a.htm

June 29, 2010 - Prohibition Against Interstate Deposit Production: Annual Loan-to-Deposit Ratios - The federal banking agencies issued their annually updated ratios to determine compliance with section 109 of Riegle-Neal. www.occ.treas.gov/ftp/bulletin/2010-23.html 

June 29, 2010 - OCC Announces New Electronic Interpretations and Actions - June 2010.  www.occ.treas.gov/interp/jun10/intjun10.htm

June 29, 2010 - Statistical Release - Minority-Owned Banks.   www.federalreserve.gov/releases/mob/current/default.htm 

June 29, 2010 - The Federal Reserve Board on Tuesday announced the approval of an application by National Agricultural Cooperative Federation, Seoul, Korea, to establish a representative office in New York, New York. www.federalreserve.gov/newsevents/press/orders/20100629a.htm 

June 29, 2010 - The Federal Reserve Board on Tuesday announced the execution of a Written Agreement by and between OptimumBank Holdings, Inc., Fort Lauderdale, Florida, a registered bank holding company, and the Federal Reserve Bank of Atlanta. www.federalreserve.gov/newsevents/press/enforcement/20100629b.htm

June 29, 2010 - The Federal Reserve Board on Tuesday announced the execution of a Written Agreement by and between Citizens Bancshares Co., Chillicothe, Missouri, a registered bank holding company, and the Federal Reserve Bank of Kansas City. www.federalreserve.gov/newsevents/press/enforcement/20100629a.htm

June 28, 2010 - Four Named to Federal Reserve Bank of Kansas City Economic Advisory Council.   www.kc.frb.org/pubaffrs/pressrel/2010pdf/press.release.10.13.pdf 

June 28, 2010 - Supervisory Insights Journal - Summer 2010 Issue Now Available - The Summer 2010 issue of Supervisory Insights features articles of critical interest to examiners, bankers and supervisors, including a discussion of key supervisory considerations related to loss-sharing agreements and suggestions for how examiners can assess bank compliance with amendments to Regulation Z affecting open-end credit plans. www.fdic.gov/news/news/financial/2010/fil10034.html 

June 28, 2010 - FDIC's Summer Supervisory Insights Focuses on Loss-Sharing Agreements in Resolving Failed Banks Even as indicators suggest the economic recovery is taking hold and banking industry earnings may be resuming an upward trend, bankers and regulators continue to deal with the workload generated by the financial crisis. www.fdic.gov/news/news/press/2010/pr10146.html 

June 28, 2010 - Consumer Affairs Letters - Revised Interagency Examination Procedures for Regulation Z.   www.federalreserve.gov/boarddocs/caletters/2010/

June 28, 2010 - Governor Kevin Warsh - It's Greek to Me - At the Atlanta Rotary Club, Atlanta, Georgia.   www.federalreserve.gov/newsevents/speech/warsh20100628a.htm 

June 28, 2010 - The Federal Reserve Board on Monday announced that it will implement changes to its Payment System Risk policy in early 2011. A specific implementation date will be announced at least 90 days in advance. www.federalreserve.gov/newsevents/press/other/20100628a.htm 

June 28, 2010 - The Federal Reserve Board on Monday announced the execution of a Written Agreement by and between Smithtown Bancorp, Inc., Hauppauge, New York, a registered bank holding company, and the Federal Reserve Bank of New York. www.federalreserve.gov/newsevents/press/enforcement/20100628b.htm

June 28, 2010 - The Federal Reserve Board on Monday announced the execution of a Written Agreement by and between BNB Financial Services Corporation, New York, New York, a registered bank holding company, and the Federal Reserve Bank of New York. www.federalreserve.gov/newsevents/press/enforcement/20100628a.htm 

June 25, 2010 - OCC Appoints Receiver for First National Bank, Savannah, Georgia - The Office of the Comptroller of the Currency today appointed the Federal Deposit Insurance Corporation as receiver for the First National Bank, Savannah, Georgia. As of March 31, 2010, the bank had approximately $252.5 million of total assets. www.occ.treas.gov/ftp/release/2010-72.htm 

June 25, 2010 - First American Bank, Artesia, New Mexico, Assumes All of the Deposits of High Desert State Bank, Albuquerque, New Mexico - High Desert State Bank, Albuquerque, New Mexico, was closed today by the New Mexico Financial Institutions Division, which appointed the Federal Deposit Insurance Corporation as receiver. To protect the depositors, the FDIC entered into a purchase and assumption agreement with First American Bank, Artesia, New Mexico, to assume all of the deposits of High Desert State Bank. www.fdic.gov/news/news/press/2010/pr10145.html 

June 25, 2010 - The Savannah Bank, National Association, Savannah, Georgia, Assumes All of the Deposits of First National Bank Savannah, Georgia - First National Bank, Savannah, Georgia, was closed today by the Office of the Comptroller of the Currency, which appointed the Federal Deposit Insurance Corporation as receiver. To protect the depositors, the FDIC entered into a purchase and assumption agreement with The Savannah Bank, National Association, Savannah, Georgia, to assume all of the deposits of First National Bank. www.fdic.gov/news/news/press/2010/pr10144.html 

June 25, 2010 - Premier American Bank, Miami, Florida, Assumes All of the Deposits of Peninsula Bank, Englewood, Florida - Peninsula Bank, Englewood, Florida, was closed today by the Florida Division of Financial Institutions, which appointed the Federal Deposit Insurance Corporation as receiver. To protect the depositors, the FDIC entered into a purchase and assumption agreement with Premier American Bank, Miami, Florida, to assume all of the deposits of Peninsula Bank. www.fdic.gov/news/news/press/2010/pr10143.html

June 25, 2010 - OCC Reports Strong First Quarter Trading Revenues and Declining Derivatives Credit Exposures - Bank trading revenues in the first quarter rebounded from seasonally lower fourth quarter levels, and credit exposure from derivatives continued to decline, the Office of the Comptroller of the Currency reported today in the OCC's Quarterly Report on Bank Trading and Derivatives Activities. www.occ.treas.gov/ftp/release/2010-71.htm 

June 25, 2010 - FDIC Makes Public May Enforcement Actions; No Administrative Hearings are Scheduled - The Federal Deposit Insurance Corporation today released a list of orders of administrative enforcement actions taken against banks and individuals in May. No administrative hearings are scheduled. www.fdic.gov/news/news/press/2010/pr10142.html 

June 25, 2010 - Reports to Congress - Profitability of Credit Card Operations of Depository Institutions - Analyzes the profitability over time of depository institutions' credit card activities by examining the performance of larger institutions that specialize in such activities and of a sample of smaller commercial banks that offer a range of credit services. Also reviews trends in credit card pricing, including changes in interest rates. www.federalreserve.gov/BoardDocs/RptCongress/creditcard/2010/downloads/ccprofit2010.pdf 

June 25, 2010 - Credit and Liquidity Programs and the Balance Sheet - Recent balance sheet trends, weekly chart data update.   www.federalreserve.gov/monetarypolicy/bst_recenttrends.htm 

June 25, 2010 - Immigration, Remittances and Business Cycles - Federico Mandelman and Andrei Zlate - We use data on border enforcement and macroeconomic indicators from the U.S. and Mexico to estimate a two-country business cycle model of labor migration and remittances. The model matches the cyclical dynamics of labor migration to the U.S. and documents how remittances to Mexico serve an insurance role to smooth consumption across the border. www.federalreserve.gov/pubs/ifdp/2010/998/ifdp998.htm 

June 25, 2010 - Statistical Release - G.17 Industrial Production and Capacity Utilization - The Federal Reserve has revised the index of industrial production and the related measures of capacity and capacity utilization. Although rates of change from January 1972 through May 2010 are affected, the revision had its largest effect on data from 2006 through 2009. www.federalreserve.gov/releases/g17/revisions/Current/default_rev.htm
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June 24, 2010 - How Can Financial Institutions Improve Risk Management? - Chicago Fed Letter looks at better ways to manage risk in the wake of the financial crisis. - Searching for the New Normal: The Rebuilding Process for Risk Management - A conference summary by Carl R. Tannenbaum, senior vice president, Supervision and Regulation, and Steven VanBever, lead supervision analyst, Supervision and Regulation.   www.chicagofed.org/digital_assets/publications/chicago_fed_letter/2010/cfljuly2010_276a.pdf 

June 24, 2010 - FDIC's Small-Dollar Loan Pilot Shows Banks Can Offer Alternatives to High-Cost, Short-Term Credit; Results in Safe, Affordable and Feasible Template for Small-Dollar Loans - A report issued today by the Federal Deposit Insurance Corporation highlights final results of the FDIC's small-dollar loan pilot program. 
Press Release: www.fdic.gov/news/news/press/2010/pr10140.html
Press Release: www.fdic.gov/news/news/financial/2010/fil10031.html 

June 24, 2010 - 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/20100624a.htm 
Press Release: www.fdic.gov/news/news/press/2010/pr10141.html
Press Release: www.occ.treas.gov/ftp/release/2010-70.htm 

June 24, 2010 - On Monday, June 28, 2010, the Federal Reserve will offer $2 billion in 28-day term deposits through its Term Deposit Facility. Additional information regarding the auction is listed below; the auction will be conducted as specified in this announcement, Regulation D, and the terms and conditions of the Term Deposit Facility.  www.federalreserve.gov/newsevents/press/monetary/20100624a.htm 

June 24, 2010 - The Federal Reserve Board on Thursday announced the execution of a Written Agreement by and between Mission Oaks Bancorp, Temecula, California, a registered bank holding company, and the Federal Reserve Bank of San Francisco. www.federalreserve.gov/newsevents/press/enforcement/20100624a.htm 

June 23, 2010 - OCC and OTS Release Mortgage Metrics Report for First Quarter of 2010 - Performance on home mortgages serviced by the largest national banks and federally regulated thrifts improved earlier this year for the first time in more than two years, according to a report released today by the Office of the Comptroller of the Currency and the Office of Thrift Supervision.
Press Release: www.occ.treas.gov/ftp/release/2010-69.htm
Press Release: www.ots.treas.gov/?p=PressReleases&ContentRecord_id=6526ebee-d639-75d6-c862-51eecf1f4562&ContentType_id=4c12f337-b5b6-4c87-b45c-838958422bf3

June 23, 2010 - The Federal Reserve Banks pay interest on required reserve balances--balances held at Reserve Banks to satisfy reserve requirements--and on excess balances--balances held in excess of required reserve balances and contractual clearing balances. The Board of Governors has prescribed rules governing the payment of interest by Federal Reserve Banks in Regulation D.  www.federalreserve.gov/monetarypolicy/reqresbalances.htm 

June 23, 2010 - Information received since the Federal Open Market Committee met in April suggests that the economic recovery is proceeding and that the labor market is improving gradually. Household spending is increasing but remains constrained by high unemployment, modest income growth, lower housing wealth, and tight credit. Business spending on equipment and software has risen significantly; however, investment in nonresidential structures continues to be weak and employers remain reluctant to add to payrolls. www.federalreserve.gov/newsevents/press/monetary/20100623a.htm 

June 23, 2010 - The Federal Reserve Board on Wednesday announced the issuance of a Prompt Corrective Action Directive against Thunder Bank, Sylvan Grove, Kansas, a state-chartered member bank. www.federalreserve.gov/newsevents/press/enforcement/20100623a.htm

June 22, 2010 - Kansas City Fed Examines Unbanked and Underbanked Population.  http://www.kc.frb.org/pubaffrs/pressrel/2010pdf/press.release.10.12.pdf  

June 22, 2010 - FDIC Board Adopts Final Rule Extending Tag Program and Maintains Current Deposit Insurance Assessment Rates - The Board of Directors of the Federal Deposit Insurance Corporation today adopted a final rule extending the Transaction Account Guarantee program for six months, from July 1, 2010 through December 31, 2010. Under the TAG program, customers of participating insured depository institutions are provided full coverage on qualifying transaction accounts. www.fdic.gov/news/news/press/2010/pr10139.html 

June 22, 2010 - Statistical Release - G.20 Finance Companies.  www.federalreserve.gov/releases/g20/current/g20.htm 

June 22, 2010 - The Federal Reserve Board on Tuesday announced the execution of a Written Agreement by and between First Capital West Bankshares, Inc., Laramie, Wyoming, a registered bank holding company, and the Federal Reserve Bank of Kansas City. www.federalreserve.gov/newsevents/press/enforcement/20100622b.htm 

June 22, 2010 - The Federal Reserve Board on Tuesday announced the execution of a Written Agreement by and among Waccamaw Bankshares, Inc., Whiteville, North Carolina, a registered bank holding company, its subsidiary bank, Waccamaw Bank, Whiteville, North Carolina, a state-chartered member bank, the Federal Reserve Bank of Richmond, and the State of North Carolina, Office of the Commissioner of Banks. www.federalreserve.gov/newsevents/press/enforcement/20100622a.htm 

June 21, 2010 - NCUA - Temporary Corporate Credit Union Stabilization Fund Assessment - At an open meeting on June 17, the NCUA Board took two necessary actions to continue spreading out the costs of the Corporate Credit Union Stabilization program while minimizing the annual expenses for natural-person credit unions. www.ncua.gov/letters/2010/CU/10-CU-09.pdf 

June 21, 2010 - Community Reinvestment Act: Income Level, Median Family Income - U.S. Census and Department of Housing and Urban Development data are used to determine income levels of geographies in Community Reinvestment Act performance evaluations. www.occ.treas.gov/ftp/bulletin/2010-22.html

June 21, 2010 - St. Louis Fed Launches FRED Network and EconEdNet - The Federal Reserve Bank of St. Louis recently introduced two social networking sites, one primarily for economists and the other mainly for those who teach economics. Both sites, however, are accessible to the general public. www.stlouisfed.org/newsroom/displayNews.cfm?article=702

June 21, 2010 - News and Sovereign Default Risk in Small Open Economies - Ceyhun Bora Durdu, Ricardo Nunes, and Horacio Sapriza - This paper builds a model of sovereign debt in which default risk, interest rates, and debt depend not only on current fundamentals but also on news about future fundamentals. News shocks affect equilibrium outcomes because they contain information about the future ability of the government to repay its debt. www.federalreserve.gov/pubs/ifdp/2010/997/ifdp997.htm 

June 21, 2010 - The Federal Reserve Board on Monday announced posting rules for a new same-day automated clearing house service. - The Federal Reserve Banks will be offering an opt-in, same-day settlement service for certain ACH debit payments through the FedACH service effective August 2, 2010. FedACH customers may opt-in to this service by completing a participation agreement. The service will be limited to transactions arising from consumer checks converted to ACH and consumer debit transfers initiated over the Internet and phone. www.federalreserve.gov/newsevents/press/other/20100621a.htm

June 21, 2010 - Federal Reserve, OCC, OTS, FDIC Issue Final Guidance on Incentive Compensation - The Federal Reserve, the Office of the Comptroller of the Currency, the Office of Thrift Supervision, and the Federal Deposit Insurance Corporation issued final guidance today to ensure that incentive compensation arrangements at financial organizations take into account risk and are consistent with safe and sound practices. The guidance was originally proposed by the Federal Reserve last year.
Press Release: www.federalreserve.gov/newsevents/press/bcreg/20100621a.htm 
Press Release: www.fdic.gov/news/news/press/2010/pr10138.html
Press Release: www.occ.treas.gov/ftp/release/2010-68.htm
Press Release: www.ots.treas.gov/?p=PressReleases&ContentRecord_id=5b2cf9e5-c4ea-67c3-80d6-e7b142ff80bd&ContentType_id=4c12f337-b5b6-4c87-b45c-838958422bf3 

June 21, 2010 - The Federal Reserve Board on Monday announced the execution of a Written Agreement by and among Lincoln County Bancorp, Troy, Missouri, a registered bank holding company, Peoples Bank and Trust Company, Troy, Missouri, a state-chartered member bank, and the Federal Reserve Bank of St. Louis. www.federalreserve.gov/newsevents/press/enforcement/20100621c.htm 

June 21, 2010 - The Federal Reserve Board on Monday announced the issuance of a Prompt Corrective Action Directive with the consent of Metro Bank of Dade County, Miami, Florida, a state-chartered member bank. www.federalreserve.gov/newsevents/press/enforcement/20100621b.htm 

June 21, 2010 - The Federal Reserve Board on Monday announced the execution of a Written Agreement by and between Dearborn Bancorp, Inc., Dearborn, Michigan, a registered bank holding company, and the Federal Reserve Bank of Chicago. www.federalreserve.gov/newsevents/press/enforcement/20100621a.htm 

June 18, 2010 - Umpqua Bank, Roseburg, Oregon, Assumes All of the Deposits of Nevada Security Bank, Reno, Nevada - Nevada Security Bank, Reno, Nevada, was closed today by the Nevada Financial Institutions Division, which appointed the Federal Deposit Insurance Corporation as receiver. To protect the depositors, the FDIC entered into a purchase and assumption agreement with Umpqua Bank, Roseburg, Oregon, to assume all of the deposits of Nevada Security Bank. www.fdic.gov/news/news/press/2010/pr10137.html 

June 18, 2010 - OCC Enforcement Actions - The Office of the Comptroller of the Currency today released new enforcement actions taken against national banks and individuals currently and formerly affiliated with national banks. www.occ.treas.gov/ftp/release/2010-67.htm 

June 18, 2010 - The Bank Lending Channel of Monetary Policy and Its Effect on Mortgage Lending - Lamont K. Black, Diana Hancock, and Wayne Passmore - The bank lending channel of monetary policy suggests that banks play a special role in the transmission of monetary policy. We look for this special role by examining the business strategies of banks as it relates to mortgage funding and mortgage lending. www.federalreserve.gov/pubs/feds/2010/201039/index.html 

June 18, 2010 - Exports, Borders, Distance, and Plant Size - Thomas J. Holmes and John J. Stevens - The fact that large manufacturing plants export relatively more than small plants has been at the foundation of much work in the international trade literature. We examine this fact using Census micro data on plant shipments from the Commodity Flow Survey. www.federalreserve.gov/pubs/feds/2010/201038/index.html

June 18, 2010 - Granularity Adjustment for Mark-to-Market Credit Risk Models - Michael B. Gordy and James Marrone - The impact of undiversified idiosyncratic risk on value-at-risk and expected shortfall can be approximated analytically via a methodology known as granularity adjustment. In principle, the GA methodology can be applied to any risk-factor model of portfolio risk. www.federalreserve.gov/pubs/feds/2010/201037/index.html 

June 18, 2010 - The Effect of Gasoline Prices on Household Location - Raven Molloy and Hui Shan - Gasoline prices influence where households decide to locate by changing the cost of commuting. Consequently, the substantial increase in gas prices since 2003 may have reduced the demand for housing in areas far from employment centers, leading to a decrease in the price and/or quantity of housing in those locations relative to locations closer to jobs. www.federalreserve.gov/pubs/feds/2010/201036/index.html

June 18, 2010 - The Depth of Negative Equity and Mortgage Default Decisions - Neil Bhutta, Jane Dokko, and Hui Shan - A central question in the literature on mortgage default is at what point underwater homeowners walk away from their homes even if they can afford to pay. We study borrowers from Arizona, California, Florida, and Nevada who purchased homes in 2006 using non-prime mortgages with 100 percent financing. www.federalreserve.gov/pubs/feds/2010/201035/index.html 

June 18, 2010 - Credit and Liquidity Programs and the Balance Sheet - Credit and Liquidity Programs and the Balance Sheet.   www.federalreserve.gov/monetarypolicy/bst_recenttrends.htm 

June 18, 2010 - Monthly Report on Credit and Liquidity Programs and the Balance Sheet - The Federal Reserve prepares this monthly report as part of its efforts to enhance transparency about the range of programs and tools that have been implemented in response to the financial crisis and to ensure appropriate accountability to the Congress and the public. www.federalreserve.gov/monetarypolicy/clbsreports.htm

June 18, 2010 - The Federal Reserve Board announced Friday that it will publish the annual revision to the G.17 statistical release, Industrial Production and Capacity Utilization, on Friday, June 25, at noon EDT. www.federalreserve.gov/newsevents/press/other/20100618a.htm 
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June 18, 2010 - OCC Enforcement Actions - The Office of the Comptroller of the Currency (OCC) today released new enforcement actions taken against national banks and individuals currently and formerly affiliated with national banks. http://www.occ.treas.gov/ftp/release/2010-67.htm

June 17, 2010 - FDIC Advisory Committee to Highlight Results of FDIC Small-Dollar Loan Pilot, Potential Features for Safe, Low-Cost Transactional and Basic Savings Accounts Rebecca W. Rimel, President and CEO, The Pew Charitable Trusts, joins Committee. www.fdic.gov/news/news/press/2010/pr10136.html 

June 17, 2010 - Statistical Release - Household Debt Service and Financial Obligations Ratios. www.federalreserve.gov/releases/housedebt/default.htm 

June 17, 2010 - Consumer Compliance Handbook - June 2010 Update - The June 2010 update to the handbook reflects recent regulatory changes to three chapters: Regulation C , Regulation DD, and Regulation X (the implementing rule for the Real Estate Settlement Procedures Act. www.federalreserve.gov/boarddocs/supmanual/cch/announce/recent_update.htm 

June 17, 2010 - Agencies Propose to Expand Scope of Community Reinvestment Act Regulations to Encourage Depository Institution Support for HUD Neighborhood Stabilization Program Activities - The federal bank and thrift regulatory agencies today announced a proposed change to the Community Reinvestment Act regulations to support stabilization of communities affected by high foreclosure levels. www.federalreserve.gov/newsevents/press/bcreg/20100617c.htm 

June 17, 2010 - Agencies Announce Public Hearings on Community Reinvestment Act Regulations - The federal bank and thrift regulatory agencies today announced a series of upcoming public hearings on modernizing the regulations that implement the Community Reinvestment Act. Interested parties are invited to provide testimony and written comments.
Press Release: www.federalreserve.gov/newsevents/press/bcreg/20100617b.htm 
Press Release: www.fdic.gov/news/news/press/2010/pr10135.html 
Press Release: www.fdic.gov/news/news/press/2010/pr10134.html 
Press Release: www.occ.treas.gov/ftp/release/2010-66.htm 
Press Release: www.occ.treas.gov/ftp/release/2010-65.htm 
Press Release: www.ots.treas.gov/?p=PressReleases&ContentRecord_id=46908bf6-c1ea-758e-9327-e4ef91565346&ContentType_id=4c12f337-b5b6-4c87-b45c-838958422bf3 
Press Release: www.ots.treas.gov/?p=PressReleases&ContentRecord_id=4665d843-9f8c-9a63-9ec5-a8993440f803&ContentType_id=4c12f337-b5b6-4c87-b45c-838958422bf3 

June 17, 2010 - The Federal Reserve Board on Thursday announced the discussion topics for its upcoming public hearings on potential revisions to Regulation C, which implements the Home Mortgage Disclosure Act. www.federalreserve.gov/newsevents/press/bcreg/20100617a.htm 

June 17, 2010 - The Federal Reserve Board on Thursday announced the execution of a Written Agreement by and among Hampton Roads Bankshares, Inc., Norfolk, Virginia, a registered bank holding company, its subsidiary bank, Bank of Hampton Roads, Norfolk, Virginia, a state-chartered member bank, the Federal Reserve Bank of Richmond, and the Virginia Bureau of Financial Institutions. www.federalreserve.gov/newsevents/press/enforcement/20100617b.htm 

June 17, 2010 - The Federal Reserve Board on Thursday announced the execution of a Written Agreement by and between Beach Community Bancshares, Inc., Fort Walton Beach, Florida, a registered bank holding company, and the Federal Reserve Bank of Atlanta. www.federalreserve.gov/newsevents/press/enforcement/20100617a.htm 

June 17, 2010 - NCUA - Matz Statement on Stabilization Fund Assessment - National Credit Union Administration Chairman Debbie Matz made the following statement at today's NCUA Board Meeting regarding the Board's decision to assess federally insured credit unions a 13.4 basis point assessment for costs associated with the continuing losses in the corporate credit union system: www.ncua.gov/news/press_releases/2010/MA10-0617MatzStatementonStabilizationFundAssessment.pdf 

June 16, 2010 - Speech by Chairman Ben S. Bernanke - Remarks on The Squam Lake Report: Fixing the Financial System. www.federalreserve.gov/newsevents/speech/bernanke20100616a.htm 

June 16, 2010 - Thirteenth Annual International Banking Conference - Federal Reserve Bank of Chicago and the International Monetary Fund will host the thirteenth annual International Banking Conference on September 23-24, 2010. www.chicagofed.org/webpages/events/2010/international_conference.cfm 

June 16, 2010 - OCC Releases CRA Evaluations For 22 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 May 15, 2010 through June 14, 2010. www.occ.treas.gov/ftp/release/2010-64.htm 

June 16, 2010 - Federal Reserve Bank of Kansas City Announces Officer Promotion, Retirement. www.kc.frb.org/pubaffrs/pressrel/2010pdf/press.release.10.11.pdf 

June 16, 2010 - INDUSTRIAL PRODUCTION AND CAPACITY UTILIZATION - Industrial production advanced 1.2 percent in May after having risen 0.7 percent in April. Manufacturing output climbed 0.9 percent last month, its third consecutive monthly gain of about 1 percent, and was 7.9 percent above its year-earlier level. www.federalreserve.gov/releases/G17/Current/default.htm 

June 16, 2010 - Interest on Required Reserve Balances and Excess Balances - Maintenance period ending June 16, 2010 - The Federal Reserve Banks pay interest on required reserve balances--balances held at Reserve Banks to satisfy reserve requirements--and on excess balances--balances held in excess of required reserve balances and contractual clearing balances. The Board of Governors has prescribed rules governing the payment of interest by Federal Reserve Banks in Regulation D. www.federalreserve.gov/monetarypolicy/reqresbalances.htm 

June 16, 2010 - The Federal Reserve Board on Wednesday announced the issuance of a Consent Order of Assessment of a Civil Money Penalty against Monarch Bank, Chesapeake, Virginia, a state member bank. Monarch Bank, without admitting to any allegations, consented to the issuance of the Order in connection with its alleged violations of the Board's regulations implementing the National Flood Insurance Act. www.federalreserve.gov/newsevents/press/enforcement/20100616c.htm 

June 16, 2010 - The Federal Reserve Board on Wednesday announced the execution of a Written Agreement by and among Mid State Banks, Inc., Hawkinsville, Georgia, a registered bank holding company, the Federal Reserve Bank of Atlanta, and the State of Georgia Department of Banking and Finance. www.federalreserve.gov/newsevents/press/enforcement/20100616a.htm 

June 16, 2010 - The Federal Reserve Board on Wednesday announced the execution of a Written Agreement by and among Patterson Bankshares, Inc., Patterson, Georgia, a registered bank holding company, the Federal Reserve Bank of Atlanta, and the State of Georgia Department of Banking and Finance. www.federalreserve.gov/newsevents/press/enforcement/20100616b.htm 

June 15, 2010 - Bank Secrecy Act/Anti-Money Laundering: Notification on the Release of the Revised BSA/AML Examination Manual - An interagency notification provides information about revisions to the "Bank Secrecy Act/Anti-Money Laundering Examination Manual." www.occ.treas.gov/ftp/bulletin/2010-21.html 

June 15, 2010 - The Federal Reserve Board on Tuesday approved a final rule to protect credit card users from unreasonable late payment and other penalty fees and to require credit card issuers to reconsider interest rate increases imposed since the beginning of last year. www.federalreserve.gov/newsevents/press/bcreg/20100615a.htm 

June 15, 2010 - On June 14, 2010, the Federal Reserve conducted an auction of $1 billion in 14-day term deposits through its Term Deposit Facility. Following are the results of the auction:  www.federalreserve.gov/newsevents/press/monetary/20100615a.htm 

June 15, 2010 - The Federal Reserve Board on Tuesday announced the issuance of a Prompt Corrective Action Directive with the consent of Pierce Commercial Bank, Tacoma, Washington, a state-chartered member bank. www.federalreserve.gov/newsevents/press/enforcement/20100615b.htm 

June 15, 2010 - The Federal Reserve Board on Tuesday announced the issuance of a Prompt Corrective Action Directive with the consent of Sterling Bank, Lantana, Florida, a state-chartered member bank. www.federalreserve.gov/newsevents/press/enforcement/20100615a.htm 

June 14, 2010 - Latest Main Street Economist Article Explores Rural America's Fiscal Challenge. www.kc.frb.org/pubaffrs/pressrel/2010pdf/press.release.10.10.pdf 

June 14, 2010 - NCUA Financial Reports Receive Unqualified Audit Opinions for 2008, 2009 - The National Credit Union Administration today released financial reports for 2008 and 2009, including audited statements of the National Credit Union Share Insurance Fund The NCUSIF received unqualified or "clean" audit opinions for both years. www.ncua.gov/news/press_releases/2010/MA10-0614NCUAFinancialReports20082009.pdf 

June 14, 2010 - San Francisco Federal Reserve's Economic Advisory Council Selects New Officers - Mary F. Kaiser Alfred A. Plamann - Mary F. Kaiser, president of California Community Reinvestment Corporation, and Alfred A. Plamann, president and chief executive of Unified Grocers, Inc., were chosen as chair and vice chair of the Federal Reserve Bank of San Francisco's Economic Advisory Council. www.frbsf.org/news/releases/2010/0614.html 

June 14, 2010 - The Federal Reserve Board compiles quarterly data on domestically chartered insured commercial banks that have consolidated assets of $300 million or more and releases the data about twelve weeks after the end of each quarter. The data are obtained from the Consolidated Reports of Condition and Income filed quarterly by banks (FFIEC 031 and 041) and from other information in the Board's National Information Center database. www.federalreserve.gov/releases/lbr/ 

June 14, 2010 - Effects of the 2003 Dividend Tax Cut: Evidence from Real Estate Investment Trusts -Jesse Edgerton - Recent literature has estimated that the 2003 dividend tax cut caused a large increase in aggregate dividend payouts, which would imply that dividend taxation creates large efficiency costs relative to the amount of revenue raised. www.federalreserve.gov/pubs/feds/2010/201034/201034abs.html 

June 14, 2010 - The Role of Specific Subjects in Education Production Functions: Evidence from Morning Classes in Chicago Public High Schools. www.federalreserve.gov/pubs/feds/2010/201033/index.html 

June 14, 2010 - Consumption Responses to Permanent and Transitory Shocks to House Appreciation - Joseph Nichols and Juan Contreras - We estimate the marginal propensity to consume out of permanent and transitory shocks to house price appreciation. We consider two different models under which those shocks may affect consumption. In the first one, housing is a risky asset. www.federalreserve.gov/pubs/feds/2010/201032/index.html 

June 14, 2010 - The Federal Reserve Board on Monday announced the execution of a Written Agreement by and among Castle Rock Bank, Castle Rock, Colorado, a state member bank, the Federal Reserve Bank of Kansas City, and the State of Colorado Division of Banking. www.federalreserve.gov/newsevents/press/enforcement/20100614a.htm 

June 11, 2010 - East West Bank, Pasadena, California, Assumes All of the Deposits of Washington First International Bank, Seattle, Washington - Washington First International Bank, Seattle, Washington, was closed today by the Washington Department of Financial Institutions, which appointed the Federal Deposit Insurance Corporation as receiver. To protect the depositors, the FDIC entered into a purchase and assumption agreement with East West Bank, Pasadena, California, to assume all of the deposits of Washington First International Bank. www.fdic.gov/news/news/press/2010/pr10133.html 

June 11, 2010 - NCUA Issues Letter of Understanding and Agreement - The National Credit Union Administration has published a Letter of Understanding and Agreement entered into with the officials of Sperry Associates Federal Credit Union, Garden City Park, New York. www.ncua.gov/news/press_releases/2010/MA10-0611SperryAssociatesLUA.pdf 

June 11, 2010 - NCUA Approves Royal Credit Union Purchase of Assets and Deposits from Anchor Bank - The National Credit Union Administration announces today that it has approved the Purchase and Assumption of certain assets, including eleven branch offices in Wisconsin, and deposits by Royal Credit Union from Anchor Bank. The Wisconsin Office of Credit Unions, Federal Deposit Insurance Corporation, and Office of Thrift Supervision have all approved the transaction. www.ncua.gov/news/press_releases/2010/MR10-0611RoyalCUPurchase.pdf 

June 11, 2010 - On Monday, June 14, 2010, the Federal Reserve will offer $1 billion in 14-day term deposits through its Term Deposit Facility. Additional information regarding the auction is listed below; the auction will be conducted as specified in this announcement, Regulation D, and the terms and conditions of the Term Deposit Facility. www.federalreserve.gov/newsevents/press/monetary/20100611a.htm 

June 11, 2010 - Vice Chairman Donald L. Kohn announced on Friday that, at the request of Federal Reserve Chairman Ben S. Bernanke, he plans to remain on the Board until a new Governor is appointed but to leave no later than September 1. He had announced in March that he intended to resign at the expiration of his term as Vice Chairman on June 23, 2010. While he remains on the Board as a Governor, he will continue to participate in all Board and Federal Open Market Committee meetings. www.federalreserve.gov/newsevents/press/other/20100611a.htm
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June 10, 2010 - The Federal Reserve Board on Thursday announced the execution of a Written Agreement by and between Patriot National Bancorp, Inc., Stamford, Connecticut, a registered bank holding company, and the Federal Reserve Bank of New York. www.federalreserve.gov/newsevents/press/enforcement/20100610b.htm

June 10, 2010 - The Federal Reserve Board on Thursday announced the execution of a Written Agreement by and between Village Bancorp, St. George, Utah, a registered bank holding company, and the Federal Reserve Bank of San Francisco.   www.federalreserve.gov/newsevents/press/enforcement/20100610a.htm 

June 10, 2010 - NCUA - Orange County Employees Credit Union Closes; Members Now Served by Sabine Federal Credit Union - Member Accounts are Safe and Federally Insured - The National Credit Union Administration was today appointed liquidating agent of Orange County Employees Credit Union of Orange, Texas, by the Texas Credit Union Department today. www.ncua.gov/news/press_releases/2010/MR10-0609OrangeCountyEmployeesCUCloses.pdf

June 10, 2010 - Statistical Release - Z.1 Flow of Funds.  www.federalreserve.gov/releases/z1/Current/ 

June 9, 2010 - Flood Disaster Protection Act: Guidance Regarding Lapse and Extension of FEMA's Authority to Issue Flood Insurance Contracts - Guidance to assist lenders in dealing with lapses in the authority of FEMA to issue and renew flood insurance policies under the National Flood Insurance Program. www.occ.treas.gov/ftp/bulletin/2010-20.html 

June 9, 2010 - Beige Book: Economic Conditions Show Modest Improvement Across All Fed Districts.   www.federalreserve.gov/fomc/beigebook/2010/20100609/default.htm 

June 9, 2010 - Chairman Ben S. Bernanke - Fostering Workforce Development - At the Federal Reserve Bank of Richmond and Community College Workforce Alliance forum on Workforce Development, Richmond, Virginia.  www.federalreserve.gov/newsevents/speech/bernanke20100609a.htm 

June 9, 2010 - Chairman Ben S. Bernanke - Economic and financial conditions and the federal budget - Before the Committee on the Budget, U.S. House of Representatives, Washington, D.C. www.federalreserve.gov/newsevents/testimony/bernanke20100609a.htm

June 9, 2010 - The Federal Reserve Board on Wednesday announced its approval of the application under section 3 of the Bank Holding Company Act by City Holding Company, Charleston, West Virginia, to increase its ownership interest from 4.9 percent to 7.5 percent of the voting shares of First United Corporation and thereby increase its indirect interest in First United's subsidiary bank, First United Bank & Trust, both of Oakland, Maryland.  www.federalreserve.gov/newsevents/press/orders/20100609a.htm 

June 9, 2010 - The Federal Reserve Board on Wednesday announced the execution of a Written Agreement by and among PremierWest Bancorp, Medford, Oregon, a registered bank holding company, the Federal Reserve Bank of San Francisco, and the Oregon Department of Consumer and Business Services, Division of Finance and Corporate Securities. www.federalreserve.gov/newsevents/press/enforcement/20100609b.htm 

June 9, 2010 - The Federal Reserve Board on Wednesday announced the execution of a Written Agreement by and between SouthwestUSA Corporation, Las Vegas, Nevada, a registered bank holding company, and the Federal Reserve Bank of San Francisco. www.federalreserve.gov/newsevents/press/enforcement/20100609a.htm 

June 8, 2010 - Thirteenth Annual International Banking Conference - Federal Reserve Bank of Chicago and the International Monetary Fund will host the thirteenth annual International Banking Conference on September 23-24, 2010. www.chicagofed.org/webpages/events/2010/international_conference.cfm

June 8, 2010 - St. Louis Fed President James Bullard Will Discuss Asset Bubbles and Monetary Policy.   www.stlouisfed.org/newsroom/displayNews.cfm?article=693 

June 8, 2010 - St. Louis Fed President James Bullard Will Speak at Institute of Regulation & Risk North Asia Event.   www.stlouisfed.org/newsroom/displayNews.cfm?article=692 

June 8, 2010 - Interagency Supervisory Guidance on Bargain Purchases and FDIC- and NCUA-Assisted Acquisitions.   www.federalreserve.gov/boarddocs/srletters/2010/sr1012.htm 

June 8, 2010 - Governor Elizabeth A. Duke - Moving Beyond the Financial Crisis - At the Consumer Bankers Association Annual Conference, Hollywood, Florida.  www.federalreserve.gov/newsevents/speech/duke20100608a.htm

June 8, 2010 - The Federal Reserve Board on Tuesday announced the execution of a Written Agreement by and between First Bancorp, San Juan, Puerto Rico, a registered bank holding company, and the Federal Reserve Bank of New York. www.federalreserve.gov/newsevents/press/enforcement/20100608c.htm

June 8, 2010 - The Federal Reserve Board on Tuesday announced the execution of a Written Agreement by and between Citizens Commerce Bancshares, Inc., Versailles, Kentucky, a registered bank holding company, and the Federal Reserve Bank of Cleveland. www.federalreserve.gov/newsevents/press/enforcement/20100608b.htm 

June 8, 2010 - The Federal Reserve Board on Tuesday announced the execution of a Written Agreement by and between Big Sandy Holding Company, Limon, Colorado, a registered bank holding company, and the Federal Reserve Bank of Kansas City. www.federalreserve.gov/newsevents/press/enforcement/20100608a.htm 

June 7, 2010 - NCUA Issues Prohibition Orders - The National Credit Union Administration Board has issued orders prohibiting the following individuals from participating in the affairs of any federally insured financial institution. www.ncua.gov/news/press_releases/2010/MR10-0607ProhibitionOrders.pdf 

June 7, 2010 - New Perspectives on Health and Health Care Policy - Chicago Fed Letter examines the recent national health care debate highlighting the importance of innovative, high-quality research on health and health care policy.  http://chicagofed.org/digital_assets/publications/chicago_fed_letter/2010/cfljuly2010_276.pdf 

June 7, 2010 - Charting Illinois' Fiscal Future - Upcoming conference co-sponsored by the Chicago Fed and the Institute of Government and Public Affairs at the University of Illinois is designed to investigate structural budget imbalance and high levels of state and local debt on government operations and economic growth. www.chicagofed.org/webpages/events/2010/charting_illinois_fiscal_future.cfm# 

June 7, 2010 - Chicago Fed Symposium Economic Outlook for 2010-2011 - Solid economic growth expected in 2011, according to Chicago Fed Automotive Outlook Symposium participants. The seventeenth annual Automotive Outlook Symposium was held in Detroit, June 3-4. www.chicagofed.org/digital_assets/others/events/2010/automotive_outlook_symposium/aos_press_release.pdf 

June 7, 2010 - NCUA -Virtual Town Hall Set for June 28 - Web Event Will Address Industry Questions - National Credit Union Administration  Chairman Debbie Matz will host another in her series of Town Hall Webinars on Monday, June 28, 2010, from 3 to 4:30 p.m. EDST. The free session is open to all. www.ncua.gov/news/press_releases/2010/MA10-0607MatzVirtualTownHallSetJune28.pdf

June 7, 2010 - Bargain Purchases and Assisted Acquisitions - Interagency Supervisory Guidance - The federal financial institution regulatory agencies (agencies) are issuing the attached Interagency Supervisory Guidance on Bargain Purchases and FDIC- and NCUA-Assisted Acquisitions to address supervisory considerations related to business combinations that result in bargain purchase gains and the impact such gains have on the acquisition approval process.  www.fdic.gov/news/news/financial/2010/fil10030.html 

June 7, 2010 - Guidance on Deposit Placement and Collection Activities - The FDIC is issuing the attached guidance on deposit placement and collection activities at FDIC-insured institutions and their affiliates. The guidance outlines steps depository institutions should take to avoid customer misunderstanding about deposit insurance coverage when the institutions enter into third-party arrangements to collect and place deposits.  www.fdic.gov/news/news/financial/2010/fil10029.html

June 7, 2010 - Summary of Deposits Survey - The Summary of Deposits is the annual survey of branch office deposits as of June 30 for all FDIC-insured commercial banks, FDIC-supervised savings banks, and insured branches of foreign banks. Institutions with branch offices are required to submit this survey to the FDIC by July 30, 2010. Institutions with only a main office are exempt. No filing extensions will be granted. www.fdic.gov/news/news/financial/2010/fil10028.html

June 7, 2010 - Statistical Release - G.19 Consumer Credit - Consumer credit increased at an annual rate of 1/2 percent in April 2010. Revolving credit decreased at an annual rate of 12 percent, and nonrevolving credit increased at an annual rate of 7 percent.   www.federalreserve.gov/releases/g19/Current/ 

June 7, 2010 - The Federal Reserve Board on Monday announced the execution of a Written Agreement by and between First Bankshares, Inc., Winter Park, Florida, a registered bank holding company, and the Federal Reserve Bank of Atlanta.   www.federalreserve.gov/newsevents/press/enforcement/20100607d.htm

June 7, 2010 - The Federal Reserve Board on Monday announced the issuance of a Consent Order of Prohibition against Gregory L. Fankhauser, a former President, Chief Executive Officer, and an institution-affiliated party of Heritage Bank in Topeka, Kansas.   www.federalreserve.gov/newsevents/press/enforcement/20100607c.htm

June 7, 2010 - The Federal Reserve Board on Monday announced the execution of a Written Agreement by and between Border Bancshares, Inc., Greenbush, Minnesota, a registered bank holding company, and the Federal Reserve Bank of Minneapolis.   www.federalreserve.gov/newsevents/press/enforcement/20100607b.htm 

June 7, 2010 - The Federal Reserve Board on Monday announced the execution of a Written Agreement by and between Cowlitz Bancorporation, Longview, Washington, a registered bank holding company, and the Federal Reserve Bank of San Francisco.    www.federalreserve.gov/newsevents/press/enforcement/20100607a.htm 

June 4, 2010 - Great Western Bank, Sioux Falls, South Dakota, Assumes All of the Deposits of TierOne Bank, Lincoln, Nebraska - TierOne Bank, Lincoln, Nebraska, was closed today by the Office of Thrift Supervision, which appointed the Federal Deposit Insurance Corporation as receiver. To protect the depositors, the FDIC entered into a purchase and assumption agreement with Great Western Bank, Sioux Falls, South Dakota, to assume all of the deposits of TierOne Bank. www.fdic.gov/news/news/press/2010/pr10132.html 

June 4, 2010 - FDIC Approves the Payout of the Insured Deposits of Arcola Homestead Savings Bank, Arcola, Illinois - The Federal Deposit Insurance Corporation approved the payout of the insured deposits of Arcola Homestead Savings Bank, Arcola, Illinois. The bank was closed today by the Illinois Department of Financial Professional Regulation - Division of Banking, which appointed the FDIC as receiver. www.fdic.gov/news/news/press/2010/pr10131.html 

June 4, 2010 - The Jefferson Bank, Fayette, Mississippi, Assumes All of the Deposits of First National Bank, Rosedale, Mississippi - First National Bank, Rosedale, Mississippi, was closed today by the Office of the Comptroller of the Currency, which appointed the Federal Deposit Insurance Corporation as receiver. To protect the depositors, the FDIC entered into a purchase and assumption agreement with The Jefferson Bank, Fayette, Mississippi, to assume all of the deposits of First National Bank. www.fdic.gov/news/news/press/2010/pr10130.html 

June 4, 2010 - 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 The list covers evaluation ratings that the FDIC assigned to institutions in March 2010. www.fdic.gov/news/news/press/2010/pr10129.html

June 4, 2010 - Credit and Liquidity Programs and the Balance Sheet - Recent balance sheet trends, weekly chart data update.   http://www.federalreserve.gov/monetarypolicy/bst_recenttrends.htm 

June 4, 2010 - OCC Appoints Receiver for First National Bank, Rosedale, Mississippi - The Office of the Comptroller of the Currency today appointed the Federal Deposit Insurance Corporation as receiver for the First National Bank, Rosedale, Mississippi. As of March 31, 2010, the bank had approximately $60.4 million of total assets. www.occ.treas.gov/ftp/release/2010-63.htm
______________________

June 3, 2010 - Charting Illinois' Fiscal Future - Upcoming conference co-sponsored by the Chicago Fed and the Institute of Government and Public Affairs at the University of Illinois is designed to investigate structural budget imbalance and high levels of state and local debt on government operations and economic growth. www.chicagofed.org/webpages/events/2010/charting_illinois_fiscal_future.cfm# 

June 3, 2010 - Community Reinvestment Act: List of Distressed or Underserved Nonmetropolitan Middle-Income Geographies - Bank communilty revitalization activities in designated areas of the United States may receive Community Reinvestment Act consideration in 2010. www.occ.treas.gov/ftp/bulletin/2010-18.html 

June 3, 2010 - Comptroller of the Currency Hosts Community Bank Directors Workshops in Peoria, Illinois - The Office of the Comptroller of the Currency will host workshops for directors of nationally chartered community banks in Peoria, Illinois, at the Embassy Suites Hotel, July 27-28, 2010. www.occ.treas.gov/ftp/release/2010-62.htm 

June 3, 2010 - Legal Developments - Section 19 letters, February 26 (1 letter), March 26 (2 letters), March 29 (3 letters), April 5 (4 letters), April 23 (1 letter) and May 5 (1 letter).  www.federalreserve.gov/bankinforeg/legaldevelopments/ordersother2010.htm 

June 3, 2010 - Chairman Ben S. Bernanke - Brief Remarks - At the Meeting on Addressing the Financing Needs of Michigan's Small Businesses, Detroit, Michigan.  www.federalreserve.gov/newsevents/speech/bernanke20100603a.htm 

June 3, 2010 - The Federal Reserve Board announced Thursday that the Consumer Advisory Council will hold its next meeting on Thursday, June 17. The meeting will take place in Dining Room E, Terrace Level, in the Board's Martin Building.   www.federalreserve.gov/newsevents/press/other/20100603a.htm 

June 3, 2010 - The Federal Reserve Board on Thursday announced the execution of a Written Agreement by and between CB Financial Corporation, Wilson, North Carolina, a registered bank holding company, and the Federal Reserve Bank of Richmond. www.federalreserve.gov/newsevents/press/enforcement/20100603b.htm 

June 3, 2010 - The Federal Reserve Board on Thursday announced the execution of a Written Agreement by and between Volunteer Bancorp, Inc., Rogersville, Tennessee, a registered bank holding company, and the Federal Reserve Bank of Atlanta. www.federalreserve.gov/newsevents/press/enforcement/20100603a.htm 

June 2, 2010 - Charting Illinois' Fiscal Future - Upcoming conference co-sponsored by the Chicago Fed and the Institute of Government and Public Affairs at the University of Illinois is designed to investigate structural budget imbalance and high levels of state and local debt on government operations and economic growth. www.chicagofed.org/webpages/index.cfm 

June 2, 2010 - NCUA - Temporary Corporate Credit Union Share Guarantee Program Extended - The National Credit Union Administration has extended the expiration date of NCUA's Temporary Corporate Credit Union Share Guarantee Program from June 30, 2012, to September 30, 2012. www.ncua.gov/news/press_releases/2010/MR10-0602TCCUShareGuaranteeProgramExtended1.pdf 

June 2, 2010 - Payment Systems - Quarterly Automated Clearinghouse Operations, Check Services, Fedwire Funds, Fedwire Securities, and National Settlement Service data through 2010: Q1 - The Federal Reserve Banks pay interest on required reserve balances--balances held at Reserve Banks to satisfy reserve requirements--and on excess balances--balances held in excess of required reserve balances and contractual clearing balances.   www.federalreserve.gov/monetarypolicy/reqresbalances.htm

June 2, 2010 - The Federal Reserve Board has named Maeve Elise Brown, Executive Director of Housing and Economic Rights Advocates in Oakland, California, to fill a vacancy on its Consumer Advisory Council. www.federalreserve.gov/newsevents/press/other/20100602a.htm 

June 2, 2010 - The Federal Reserve Board on Wednesday announced the execution of a Written Agreement by and among Bartow Bancshares, Inc., Cartersville, Georgia, a registered bank holding company, the Federal Reserve Bank of Atlanta, and the Banking Commissioner of the State of Georgia. www.federalreserve.gov/newsevents/press/enforcement/20100602b.htm

June 2, 2010 - The Federal Reserve Board on Wednesday announced the execution of a Written Agreement by and between First Baldwin Bancshares, Inc., Foley, Alabama, a registered bank holding company, and the Federal Reserve Bank of Atlanta. www.federalreserve.gov/newsevents/press/enforcement/20100602a.htm

June 1, 2010 - OCC Issues Third Quarter 2010 CRA Examination Schedule - The Office of the Comptroller of the Currency today released its schedule of Community Reinvestment Act examinations to be conducted in the third quarter of 2010. www.occ.treas.gov/ftp/release/2010-60.htm 

June 1, 2010 - Financial Holding Companies - 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/ 

June 1, 2010 - Agencies Release List of Distressed or Underserved Nonmetropolitan Middle-Income Geographies - The federal bank and thrift regulatory agencies today announced the availability of the 2010 list of distressed or underserved nonmetropolitan middle-income geographies where revitalization or stabilization activities will receive Community Reinvestment Act consideration as "community development."
Press Release: www.federalreserve.gov/newsevents/press/bcreg/20100601a.htm
Press Release: www.ots.treas.gov/?p=PressReleases&ContentRecord_id=f4b00a22-e02d-ebe2-e0e5-3e67c345413e&ContentType_id=4c12f337-b5b6-4c87-b45c-838958422bf3
Press Release: www.fdic.gov/news/news/press/2010/pr10128.html
Press Release: www.occ.treas.gov/ftp/release/2010-61.htm 

June 1, 2010 - The Federal Reserve Board on Tuesday announced the execution of a Written Agreement by and between Northeast Securities Corporation, Minneapolis, Minnesota, a registered bank holding company, and the Federal Reserve Bank of Minneapolis. www.federalreserve.gov/newsevents/press/enforcement/20100601b.htm 

June 1, 2010 - The Federal Reserve Board on Tuesday announced the execution of a Written Agreement by and between Bank of Little Rock, Little Rock, Arkansas, a state-chartered member bank, and the Federal Reserve Bank of Saint Louis. www.federalreserve.gov/newsevents/press/enforcement/20100601a.htm 

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