Bank Regulatory News
November 2002

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November 29, 2002 - Questions Concerning Applicability and Enforcement of State Laws; Contacts from State Officials - This advisory letter describes the general principles that apply in determining whether a state law is applicable to a national bank. www.occ.treas.gov/ftp/advisory/2002-9.txt

November 27, 2002 - Treasury Issues Moratorium on Section 314(a) Information Requests This Notice addresses two matters associated with section 314 of the USA PATRIOT Act as described below. Generally, section 314 authorizes law enforcement authorities to communicate with banking organizations and others about suspected money launderers and terrorists, and banking organizations to communicate amongst themselves about such matters.
www.fdic.gov/news/news/financial/2002/FIL02130.html
www.ncua.gov/news/press_releases/2002/Joint02_11_27.htm

November 27, 2002 - Proposed Revisions to the Reports of Condition and Income - The Federal Deposit Insurance Corporation, the Federal Reserve Board and the Office of the Comptroller of the Currency are requesting comment on proposed revisions to the Reports of Condition and Income www.ffiec.gov/pdf/ffiec_forms/ffiec031041_fil126_2002.pdf

November 27, 2002 - FDIC Issues First Quarter 2003 CRA Examination Schedule - The Federal Deposit Insurance Corporation has issued the public list of institutions that it has scheduled for a Community Reinvestment Act examination during the first quarter of 2003.
www.fdic.gov/news/news/press/2002/pr12702.html

November 27, 2002 - Beige Book - Informal review by the Federal Reserve Banks of current economic conditions in their Districts www.federalreserve.gov/fomc/beigebook/2002/20021127/default.htm

November 27, 2002 - Legal Interpretations - Interpretation of regulatory safe harbor for combined-balance discount programs from the anti-tying prohibitions of section 106 of the Bank Holding Company Act Amendments of 1970. www.federalreserve.gov/boarddocs/legalint/BHC_ChangeInControl/2002/20021126/default.htm

November 27, 2002 - The Federal Reserve Board on Wednesday announced it is publishing a final Regulation W that comprehensively implements sections 23A and 23B of the Federal Reserve Act. The Board approved the final rule at its meeting on October 31, 2002. www.federalreserve.gov/boarddocs/press/bcreg/2002/20021127/default.htm

November 26, 2002 - Opening Statement Of John Reich Vice Chairman Federal Deposit Insurance Corporation At a Press Conference Announcing Bank Earnings for the Third Quarter 2002 Washington, D.C. November 26, 2002 www.fdic.gov/news/news/press/2002/pr12402.html

November 26, 2002 - FDIC Issues Notice Of Charges Against Certain Former Officers And Directors Of The Failed Connecticut Bank Of Commerce, Stamford, Connecticut The Federal Deposit Insurance Corporation has issued a Notice of Charges seeking to impose civil money penalties totaling $5.25 million against a group of former officers and directors of Connecticut Bank of Commerce, Stamford, Connecticut CBC was closed by the Connecticut Banking Commissioner on June 26, 2002, and the FDIC was appointed as receiver. www.fdic.gov/news/news/press/2002/pr12502.html

November 26, 2002 - FDIC Makes Public October Enforcement Actions; No Administrative Hearings Scheduled  - The Federal Deposit Insurance Corporation today released a list of orders of administrative enforcement actions taken against banks and individuals in October. No administrative hearings are scheduled for December. www.fdic.gov/news/news/press/2002/pr12602.html 

November 26, 2002 - The U.S. Treasury Issues Moratorium on Section 314(a) Information Requests - The Board of Governors of the Federal Reserve System and the other federal financial institutions supervisory agencies today issued the attached Joint Agency Notice that addresses two matters associated with section 314(a) of the USA PATRIOT Act. This provision of the law authorizes law enforcement authorities to communicate with banking organizations and others about suspected money launderers and terrorists.
Press Release: www.federalreserve.gov/Boarddocs/SRletters/2002/sr0221.htm
Press Release: www.occ.treas.gov/ftp/alert/2002-14.txt
Attachment: www.occ.treas.gov/ftp/alert/2002-14a.pdf

November 26, 2002 - NCUA - NCUA Annual Performance Plan for 2003  http://www.ncua.gov/Ref/plans-and-reports/NCUA_Approved_Ann_Perf_2003_102102.pdf

November 26, 2002 - The Federal Reserve Board announced on Tuesday that it has established a private-sector working group to recommend steps to mitigate risks in the clearance and settlement of U.S. government securities. www.federalreserve.gov/boarddocs/press/other/2002/20021126/default.htm

November 26, 2002 - The Federal Reserve Board on Tuesday published proposed revisions to the official staff commentary that interprets the requirements of Regulation Z, which implements the Truth in Lending Act. www.federalreserve.gov/boarddocs/press/bcreg/2002/20021126/default.htm

November 25, 2002 - NCUA - New Data Confirms Credit Unions Continue Positive Growth Trends - The nation’s 9,751 federally insured credit unions (FICUs) reported continued strong asset and savings growth and steady loan and income growth during the first nine months of 2003. www.ncua.gov/news/press_releases/2002/NR02_1125_2.htm

November 25, 2002 - NCUA - Matz Focuses on Proposed Field of Membership Rule -In speech to N.J. credit union association, Board member explains her position www.ncua.gov/news/press_releases/2002/NR02_1125.htm

November 25, 2002 - Finance and Economics Discussion Series - 2002 FEDS papers www.federalreserve.gov/Pubs/FEDS/2002/index.html

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November 22, 2002 - Thrift Industry On Pace For Record Year - The Office of Thrift Supervision (OTS) today reported earnings for the nation’s thrift industry of $2.97 billion in the third quarter of 2002, up 14 percent over the year-ago third quarter, and five percent over the second quarter of 2002. www.ots.treas.gov/docs/77242.html

November 22, 2002 - The U.S. Current Account Deficit - Remarks by Governor Donald L. Kohn At the 12th Frankfurt European Banking Congress, Frankfurt, Germany  www.federalreserve.gov/BoardDocs/speeches/2002/20021122/default.htm

November 22, 2002 - The Federal Reserve Board on Friday announced the issuance of an Order of Prohibition against Eduardo Del Rio, a former employee and institution-affiliated party of Deutsche Bank, AG, New York, New York. www.federalreserve.gov/boarddocs/press/Enforcement/2002/20021122/default.htm

November 21, 2002 - Federal Reserve Bank of Chicago Purchases 17-acre Site Near Eastern Market for New Detroit Branch Office - The Federal Reserve Bank of Chicago today announced the purchase of a 17-acre parcel of land from the City of Detroit near the Eastern Market that will be the site of the new 260,000-square-foot Detroit branch office. http://www.chicagofed.org/newsandevents/pressreleases/2002/pr11212002.cfm

November 21, 2002 - NCUA - Statement of NCUA Chairman Dennis Dollar on Proposed Update to NCUA's Field of Membership Rules http://www.ncua.gov/news/speeches/Dollar11_21_2002.htm

November 21, 2002 - NCUA - Board Action Bulletin for November 21, 2002 Board Meeting  - The NCUA Board proposed numerous amendments, including provisions to redefine what constitutes a local community and to offer a new type of occupational common bond, as the agency moves to update and streamline federal chartering and field of membership policy. The comment period is 60 days.  www.ncua.gov/news/board_reports/BAB_nov_21_2002.pdf

November 21, 2002 - NCUA - Final Rule on Prompt Corrective Action  - Pursuant to Congressional mandate, the National Credit Union Administration adopted a comprehensive system of prompt corrective action consisting of minimum capital standards and corresponding remedies to restore the net worth of federally-insured credit unions. www.ncua.gov/news/Proposed_regs/FinalRule12CFRParts702_741_747.pdf

November 21, 2002 - NCUA - Proposed Rule on Prompt Corrective Action; Net Worth Restoration Plans  www.ncua.gov/news/Proposed_regs/Proposed12CFRPart702.pdf

November 21, 2002 - NCUA - Proposed Rule on Chartering and Field of Membership Policies (IRPS 02-5)  www.ncua.gov/news/Proposed_regs/ProposedIRPS_02_5.pdf

November 21, 2002 - NCUA - Extension of Comment Period --Benefits for Employees of Federal Credit Unions  www.ncua.gov/news/Proposed_regs/Proposed_701_19.pdf

November 21, 2002 - NCUA - Proposed Revision of the definition of small credit union for purposes of the Regulatory Flexibility Act www.ncua.gov/news/Proposed_regs/Proposed12CFRPart791.pdf

November 21, 2002 - Illegal References to Bank Affiliation and Bank Supervisor - Please be advised that Globe Trust Financial, Inc. and Pacific Trust Financial (Pacific) are falsely representing on their respective Internet Web sites that they are regulated by the Office of the Comptroller of the Currency www.occ.treas.gov/ftp/alert/2002-13.txt

November 21, 2002 - Jennifer Kelly Named Deputy Comptroller For Mid-Size Banks - The Office of the Comptroller of the Currency announced today that Jennifer C. Kelly has been named Deputy Comptroller for Mid-Size Banks.  In her new assignment, Ms. Kelly will report directly to Timothy W. Long, Senior Deputy Comptroller for Mid-Size/Community Banks. www.occ.treas.gov/ftp/release/2002-90.txt

November 21, 2002 - Proposed Revisions to the Reports of Condition and Income - The Federal Deposit Insurance Corporation, the Federal Reserve Board, and the Office of the Comptroller of the Currency are requesting comment on proposed revisions to the Reports of Condition and Income. www.fdic.gov/news/news/financial/2002/FIL02126.html

November 21, 2002 - Deflation: Making Sure "It" Doesn't Happen Here - Remarks by Governor Ben S. Bernanke Before the National Economists Club, Washington, D.C.  www.federalreserve.gov/BoardDocs/speeches/2002/20021121/default.htm

November 20, 2002 - Annual Report on Indebtedness of Executive Officers and Principal Shareholders to Correspondent Banks - Enclosed is a copy of the Federal Financial Institutions Examination Council 004 report that may be used to comply with the reporting requirements of Title VIII of the Financial Institutions Regulatory and Interest Rate Control Act of 1978. www.ffiec.gov/pdf/ffiec_forms/ffiec004_20021119_fil1212002.pdf 

November 20, 2002 - New Business Cycle Measure Uses Regional Data, Latest Research in Economic Perspectives Shows - The latest issue of Economic Perspectives released recently by the Chicago Fed highlights recent research. www.chicagofed.org/newsandevents/pressreleases/2002/pr11202002.cfm

November 20, 2002 - Treasury's Office of Foreign Assets Control has amended its list of Specially Designated Nationals and Blocked Persons - On October 25, 2002, the Department of the Treasury's Office of Foreign Assets Control amended its list of Specially Designated Nationals and Blocked Persons by adding 37 names to its list of Specially Designated Global Terrorists. www.fdic.gov/news/news/financial/2002/FIL02124.html

November 20, 2002 - Treasury's Office of Foreign Assets Control has amended its list of Specially Designated Nationals and Blocked Persons  - On October 10, 2002, the Department of the Treasury's Office of Foreign Assets Control amended its list of Specially Designated Nationals and Blocked Persons by adding the following name to its list of Specially Designated Global Terrorists  www.fdic.gov/news/news/financial/2002/FIL02122.html

November 20, 2002 - Remarks by Vice Chairman Roger W. Ferguson, Jr. At the Annual Conference on the Securities Industry, American Institute of Certified Public Accountants and the Financial Management Division of the Securities Industry Association, New York, New York www.federalreserve.gov/BoardDocs/speeches/2002/20021120/default.htm

November 19, 2002 - OCC Announces 18 New Enforcement Actions and 5 Terminations - The Office of the Comptroller of the Currency today announced 18 new enforcement actions taken against national banks and individuals currently and formerly affiliated with national banks and 5 terminations of existing enforcement actions. www.occ.treas.gov/ftp/release/2002-88.txt

November 19, 2002 - OCC Releases CRA Evaluations For 44 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  October 15 through  November 14, 2002. 
Press Release - www.occ.treas.gov/ftp/release/2002-89.txt
Attachment - http://www.occ.treas.gov/cra/nov02.htm 

November 19, 2002 - Annual Report on Indebtedness of Executive Officers and Principal Shareholders to Correspondent Banks  - Enclosed is a copy of the Federal Financial Institutions Examination Council 004 report that may be used to comply with the reporting requirements of Title VIII of the Financial Institutions Regulatory and Interest Rate Control Act of 1978.  www.fdic.gov/news/news/financial/2002/FIL02121.html 

November 19, 2002 - Chairman Donald E. Powell Federal Deposit Insurance Corporation Remarks At Operation Hope's Banking on Our Future Across America 2002 Closing Ceremony H.D. Woodson High School November 19, 2002 Washington, D.C. www.fdic.gov/news/news/press/2002/pr12302.html

November 19, 2002 - Remarks by Chairman Alan Greenspan Before the Council on Foreign Relations, Washington, D.C. November 19, 2002 www.federalreserve.gov/BoardDocs/speeches/2002/20021119/default.htm

November 19, 2002 - The Federal Reserve Board announced Tuesday that it will publish the annual revision to the G.17 statistical release, Industrial Production and Capacity Utilization, on Thursday, December 5 at 2 p.m. EST. The revision was previously scheduled for release on November 26. www.federalreserve.gov/boarddocs/press/other/2002/20021119/default.htm

November 18, 2002 - NCUA - Combined Annual Performance Report 2001 and Initial Annual Performance Plan 2003 This document, a companion to the NCUA Strategic Plan 2003-2008, reports our progress to date as compared to the performance measures detailed in our Annual Performance Plan 2001. It also identifies the Agency’s goals and objectives for the year 2003 based on the results assessed for year 2001 and year-to-date for year 2002 
www.ncua.gov/ref/plans-and-reports/Combined2001PerformanceReport2003InitialPlan.pdf

November 18, 2002 - NCUA - Letter to Federal Credit Unions 02-FCU-14 -- Volunteer Income Tax Preparation for Credit Union Members www.ncua.gov/ref/letters/02-FCU-14.htm

November 18, 2002 - NCUA - Corporate Expanded Authority Guidelines - This document is intended to provide guidance for those corporate credit unions (corporate(s)) seeking expanded authorities under Appendix B of Part 704 of the National Credit Union Administration’s (NCUA) Rules and Regulations. www.ncua.gov/ref/corpexpauthority/corpexpauth.html

November 18 2002 - Remarks by Chairman Alan Greenspan - At a book reception for the publication of volume I of Allan Meltzer's History of the Federal Reserve, American Enterprise Institute, Washington, D.C.
November 18, 2002 www.federalreserve.gov/BoardDocs/speeches/2002/200211182/default.htm

November 18 2002 - Overcoming Challenges and Seizing Opportunities in Indian Country - Remarks by Governor Mark W. Olson - At the System's Sovereign Lending Conference: Banking Opportunities in Indian Country, Scottsdale, Arizona
November 18, 2002 www.federalreserve.gov/BoardDocs/speeches/2002/20021118/default.htm

November 18 2002 - 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/default.htm
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November 15 2002 - FDIC Board Member John M. Reich Becomes Board Vice Chairman  - John M. Reich today became Vice Chairman of the Federal Deposit Insurance Corporation (FDIC) Board of Directors. Mr. Reich has served on the FDIC Board since January 16, 2001. www.fdic.gov/news/news/press/2002/pr12202.html

November 15 2002 – NCUA - National Credit Union Administration Chairman Dennis Dollar told a group of credit union leaders and volunteers here today that he has scheduled a long awaited update to federal credit union field of membership rules for the NCUA Board’s November 21 meeting.
www.ncua.gov/news/press_releases/2002/nr02-1114-2.html

November 15 2002 - The Federal Reserve Board on Friday released the minutes of its discount rate meetings from September 3 to September 23, 2002. www.federalreserve.gov/boarddocs/press/monetary/2002/20021115/default.htm

November 14 2002 - Money $mart Award Winners: Twenty Illinois Citizens Honored for Commitment to Financial Education  - A group of government, community and educational leaders from throughout Illinois who have worked hard to promote financial education for consumers will be honored this afternoon at the First Annual Money $mart Award recognition ceremony at the Federal Reserve Bank of Chicago.
www.chicagofed.org/newsandevents/pressreleases/2002/pr11142002.cfm

November 14 2002 - Assessment of Fees - The attached final rule, which amends the OCC’s rules governing national bank assessments, was published in the Federal Register on October 9, 2002.
Press Release: www.occ.treas.gov/ftp/bulletin/2002-43.txt
Attachment: www.occ.treas.gov/fr/fedregister/67fr62872.pdf

November 14 2002 - Current List of OCC Alerts on Unauthorized Banking - The OCC issues alerts, among other reasons, to provide information about entities engaged in unauthorized banking, both offshore and domestic.
News Release:www.occ.treas.gov/ftp/alert/2002-12.txt
Attachment: www.occ.treas.gov/ftp/alert/2002-12a.pdf

November 13 2002 - Consolidated Reports of Condition and Income for A Bank With Domestic and Foreign Offices—FFIEC 031 www.ffiec.gov/pdf/ffiec_forms/ffiec031_200303_f.pdf

November 13 2002 - Consolidated Reports of Condition and Income for A Bank With Domestic Offices Only—FFIEC 041 www.ffiec.gov/pdf/ffiec_forms/ffiec041_200303_f.pdf

November 13 2002 - Steps to Help Rebuild Areas Affected by Recent Tornadoes - The Federal Deposit Insurance Corporation has announced a series of steps intended to facilitate the process of rebuilding in areas damaged by recent tornadoes. www.fdic.gov/news/news/financial/2002/FIL02120.html

November 13 2002 - Testimony of Chairman Alan Greenspan - The economic outlook Before the Joint Economic Committee, U.S. Congress November 13, 2002 www.federalreserve.gov/BoardDocs/testimony/2002/20021113/default.htm

November 12 2002 - Comptroller Of The Currency Bank Accounting Advisory Series November 2002 - This edition of the Bank Accounting Advisory Series expresses the Office of the Chief Accountant's current views on accounting topics of interest to national banks. Banks prepare their Consolidated Reports of Condition and Income (call reports) using generally accepted accounting principles Accordingly, this series has been revised to incorporate the conversion to those principles. www.occ.treas.gov/BA112002.pdf

November 12 2002 - FDIC To Market $42 Million Loan Portfolio From The Failed Bank Of Alamo, Alamo, Tennessee  - The Federal Deposit Insurance Corporation (FDIC) has announced that it will immediately market a $42 million loan portfolio from the failed Bank of Alamo, Alamo, Tennessee. www.fdic.gov/news/news/press/2002/pr12102.html 

November 12 2002 - Senior Loan Officer Opinion Survey on Bank Lending Practices - The October 2002 Senior Loan Officer Opinion Survey on Bank Lending Practices focused on changes in the supply of and demand for bank loans to businesses and households over the past three months. www.federalreserve.gov/BoardDocs/snloansurvey/200211/default.htm

November 12 2002 - The Banking Industry in 2002 after a Decade of Change  - Remarks by Governor Olson Before the First Annual Convention of the Ohio Bankers League, Columbus, Ohio November 12, 2002 www.federalreserve.gov/BoardDocs/speeches/2002/200211124/default.htm

November 12 2002 - Economic Progress and Small Business  - Remarks by Vice Chairman Roger W. Ferguson, Jr Before the African American Chamber of Commerce of Western Pennsylvania, Pittsburgh, Pennsylvania November 12, 2002 www.federalreserve.gov/BoardDocs/speeches/2002/200211123/default.htm

November 12 2002 - Recent Experience and Economic Outlook - Remarks by Vice Chairman Roger W. Ferguson, Jr. At the 2003 Global Economic and Investment Outlook Conference, Carnegie Mellon University, Pittsburgh, Pennsylvania November 12, 2002 www.federalreserve.gov/BoardDocs/speeches/2002/200211122/default.htm

November 12 2002 - Remarks by Chairman Alan Greenspan At Banco de Mexico's Second International Conference "Macroeconomic Stability, Financial Markets, and Economic Development," Mexico City, Mexico November 12, 2002 www.federalreserve.gov/BoardDocs/speeches/2002/20021112/default.htm

November 8 2002 - The Federal Deposit Insurance Corporation (FDIC) today approved the payout of the insured deposits of Bank of Alamo, Alamo, Tennessee www.fdic.gov/news/news/press/2002/pr12002.html

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November 8, 2002 - Remarks by Governor Ben S. Bernanke At the Conference to Honor Milton Friedman, University of Chicago, Chicago, Illinois www.federalreserve.gov/BoardDocs/speeches/2002/20021108/default.htm

November 8, 2002 - Federal Reserve Bank Of Kansas City Board Of Director Elections In Progress - Bankers from Missouri and Oklahoma and two business leaders from Oklahoma are candidates for election to the Federal Reserve Bank of Kansas City's Board of Directors. www.kc.frb.org/pubaffrs/pressrel/pr02-21.htm

November 7, 2002 - New Business Cycle Measure Uses Regional Data - Chicago Fed Economist Michael Kouparitsas in the latest Chicago Fed Letter uses regional income data to construct a new measure of the U.S. business cycle. One of the highlights of his methodology is that it isolates region-specific influences, such as technology booms and commodity price spikes. www.chicagofed.org/newsandevents/pressreleases/2002/pr11072002.cfm

November 7, 2002 - The Federal Reserve Board on Thursday approved actions by the Boards of Directors of the Federal Reserve Banks of Boston, Philadelphia, Cleveland, Richmond, Atlanta, Chicago, Minneapolis, and Kansas City, decreasing the discount rate at the banks from 1-1/4 percent to 3/4 percent, effective immediately www.federalreserve.gov/boarddocs/press/monetary/2002/20021107/default.htm

November 7, 2002 - NCUA - Budget Decrease Announced at NCUA Budget Briefing - The National Credit Union Administration opened its boardroom doors to its stakeholders today to review the agency’s proposed 2003 budget. NCUA Executive Director J. Leonard Skiles presented a budget recommendation that will, if adopted by the NCUA Board at its November 21 meeting, reverse a decade-long trend of annual budget increases.
Press Release: www.ncua.gov/news/press_releases/2002/NR02_1107.htm
Attachment: www.ncua.gov/Ref/special/budget/ncuabudgetbriefing2003.pdf

November 7, 2002 - Statistical Release G.19 Consumer Credit - Consumer credit increased at an annual rate of 6 percent in the third quarter, compared with a downward revised 4-1/2 percent pace in the second quarter. www.federalreserve.gov/Releases/G19/Current/default.htm

November 7, 2002 - Minutes of the Federal Open Market Committee - A meeting of the Federal Open Market Committee was held in the offices of the Board of Governors of the Federal Reserve System in Washington, D.C., on Tuesday, September 24, 2002, at 9:00 a.m. www.federalreserve.gov/fomc/minutes/20020924.htm

November 7, 2002 - Remarks by Governor Edward M. Gramlich At the Federal Reserve Bank of Cleveland Conference "Livable Communities: Linking Community Development and Smart Growth," Cincinnati, Ohio.   www.federalreserve.gov/BoardDocs/speeches/2002/200211072/default.htm

November 7, 2002 - Remarks by Governor Susan S. Bies At the National Conference on Banks and Savings Institutions, American Institute of Certified Public Accountants, Washington, D.C. www.federalreserve.gov/BoardDocs/speeches/2002/20021107/default.htm

November 6, 2002 - Chicago Fed Announces Official Appointments - The Federal Reserve Bank of Chicago recently announced its Board of Directors has approved the appointment of three Bank Officers, effective November 1. www.chicagofed.org/newsandevents/pressreleases/2002/pr11062002.cfm 

November 6, 2002 - Proposals for Comment - The following proposals were recently made available for public comment. Comments may be submitted to the Federal Reserve via the web using the links below. www.federalreserve.gov/generalinfo/foia/proposedregs.cfm

November 6, 2002 - The Federal Reserve Board on Wednesday approved action by the Board of Directors of the Federal Reserve Bank of San Francisco, decreasing the discount rate at the bank from 1-1/4 percent to 3/4 percent, effective immediately. www.federalreserve.gov/boarddocs/press/monetary/2002/200211062/default.htm

November 6, 2002 - The Federal Open Market Committee decided today to lower its target for the federal funds rate by 50 basis points to 1 1/4 percent. In a related action, the Board of Governors approved a 50 basis point reduction in the discount rate to 3/4 percent. www.federalreserve.gov/boarddocs/press/monetary/2002/20021106/default.htm

November 5, 2002 - Chairman Donald E. Powell Federal Deposit Insurance Corporation Housing Trends and The Economy: Implications for Financial Institutions America's Community Bankers, November 5, 2002, San Francisco, California  www.fdic.gov/news/news/press/2002/pr11702.html

November 5, 2002 - FDIC Issues November List of Banks Examined for CRA Compliance www.fdic.gov/news/news/press/2002/pr11802.html

November 5, 2002 - Connecticut Couple Indicted for Concealing Assets From FDIC - Federal Deposit Insurance Corporation Inspector General Gaston L. Gianni, Jr., has announced that Gary S. Blonder and Laura Z. Schwartz of West Hartford, CT, were indicted on October 31 by the U.S. Attorney for the District of Connecticut on charges related to concealing assets from the FDIC and making false statements to the U.S. government. http://www.fdic.gov/news/news/press/2002/pr11902.html

November 5, 2002 - OCC Directory Highlights Bank Community Development Investments - The Office of the Comptroller of the Currency today published its annual directory of community development investments made during 2001.  
Press release:  www.occ.treas.gov/ftp/release/2002-87.txt
Attachment:  http://www.occ.treas.gov/cdd/resource.htm 

November 5, 2002 - Comptroller Hawke Says Thrift Charter Remains Viable Despite Convergence of Banking and Thrift Industries - Comptroller of the Currency John D. Hawke, Jr. said today that while the banking and thrift industries have converged to a great extent, the thrift charter remains as viable as ever and there is no compelling reason to merge the agencies that supervise national banks and thrifts. 
News Release: www.occ.treas.gov/ftp/release/2002-86.txt
Attachment: www.occ.treas.gov/ftp/release/2002-86a.txt 

November 5, 2002 NCUA - Day-Met Credit Union to Serve Members of Former 801 Credit Union - The 801 Credit Union of Dayton, Ohio opened this morning for business as Day-Met Credit Union.  On Nov. 1, National Credit Union Administration Region IV staff negotiated a purchase and assumption agreement with Day-Met Credit Union, also based in Dayton.  Both credit unions were chartered by the State of Ohio and insured by NCUA. www.ncua.gov/news/press_releases/2002/NR02_1104.htm

November 5, 2002 - NCUA - Member Business Lending Tops Matz's List in South Dakota www.ncua.gov/news/press_releases/2002/NR02_1105.htm

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November 1, 2002 - Independent Community Bankers Of America Join FDIC'S Money Smart Alliance Program - The Independent Community Bankers of America today became the newest member of the Federal Deposit Insurance Corporation's Money Smart Alliance Program. The program, which is designed to increase financial literacy in communities where it is most needed, uses the FDIC's Money Smart financial education curriculum to teach adults the basics of money management. www.fdic.gov/news/news/press/2002/pr11602.html

November 1, 2002 - Remarks by Chairman Donald E. Powell Federal Deposit Insurance Corporation The Bankers Club of Chicago October 31, 2002  - www.fdic.gov/news/news/press/2002/pr11502.html

November 1, 2002 - The Sarbanes-Oxley Act of 2002 - The recently enacted Sarbanes-Oxley Act of 2002 includes provisions addressing audits, financial reporting and disclosure, conflicts of interest, and corporate governance at public companies. www.federalreserve.gov/boarddocs/srletters/2002/sr0220.htm 

November 1, 2002 - Use of Statistical Sampling in the Review of Commercial and Industrial Loans and Commercial Real Estate Loans during On-Site Safety and Soundness Examinations of Community Banks - This letter introduces a statistical sampling method to improve the comprehensiveness and effectiveness of credit reviews for community bank examinations. www.federalreserve.gov/boarddocs/srletters/2002/sr0219.htm