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R. Kinney Williams
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Bank Regulatory News
November 2003

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November 28, 2003 - Risk-Related Premium System - Beginning with the semiannual deposit insurance assessment period that starts on January 1, 2004, the FDIC's internal process for evaluating insured institutions' requests for review of their assessment risk classifications will be uniform regardless of the nature of the request for review. The FDIC has also clarified the information it considers in assigning assessment risk classifications. www.fdic.gov/news/news/financial/2003/fil0390.html

November 26, 2003 - Notice of Comptroller of the Currency Fees for Year 2004 - The purpose of this issuance is to inform all national banks, federal branches and agencies, and District of Columbia banks of fees charged by the Office of the Comptroller of the Currency for year 2004.  Changes are effective January 1, 2004.
Press Release: www.occ.treas.gov/ftp/bulletin/2003-45.txt

November 26, 2003 - Changes to the way Income and Expense are Annualized in the UBPR - Several ratios in the UBPR support analysis of profits, income, expense and loan losses. Examples include Net Income to Average Assets, Yield on Loans, Cost of Interest Bearing Deposits and Net Losses on Real Estate Loans. www.ffiec.gov/UBPR_changes_200311.htm

November 26, 2003 - Changes to UBPR Peer Groups Effective with March 31, 2004 UBPR - The FFIEC Task Force on Surveillance Systems will implement two changes to the peer group structure used in the UBPR effective with the March 31, 2004 version of the report. www.ffiec.gov/UBPR_memo_200311.htm

November 26, 2003 - Charge-Off and Delinquency Rates on Loans at Commercial Banks - These data are compiled from the quarterly FFIEC Consolidated Reports of Condition and Income. www.federalreserve.gov/releases/chargeoff/default.htm

November 26, 2003 - The Federal Reserve Board on Wednesday announced the approval of an application by Macquarie Bank Limited, Sydney, Australia, to establish representative offices in New York, New York, and Houston, Texas. www.federalreserve.gov/boarddocs/press/orders/2003/20031126/default.htm

November 26, 2003 - The Federal Reserve Board on Wednesday announced the issuance of a consent Order of Assessment of a Civil Money Penalty against The Bank of Currituck, Moyock, North Carolina, a state member bank. The Bank of Currituck, 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/boarddocs/press/Enforcement/2003/200311262/default.htm

November 26, 2003 - The Federal Reserve Board on Wednesday announced the issuance of a consent Order of Assessment of a Civil Money Penalty against the Provident Bank, Cincinnati, Ohio, a state member bank. Provident 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/boarddocs/press/Enforcement/2003/20031126/default.htm

November 26, 2003 - NCUA - Loan growth expands as strong savings and asset growth continues - Lending shows signs of rebounding as growth reached 7.09 percent in the third quarter of 2003, demonstrating the most significant expansion since 2001 according to preliminary call report data submitted by the nation's 9,458 federally insured credit unions. Meanwhile, assets grew 8.80 percent and savings grew 8.65 percent. www.ncua.gov/news/press_releases/2003/NR03-1126.htm

November 26, 2003 - Beige Book - Informal review by the Federal Reserve Banks of current economic conditions in their Districts www.federalreserve.gov/FOMC/BeigeBook/2003/20031126/Default.htm

November 26, 2003 - The Federal Reserve Board on Wednesday published proposed rules to establish more uniform standards for providing disclosures under five consumer protection regulations: B (Equal Credit Opportunity); E (Electronic Fund Transfers); M (Consumer Leasing); Z (Truth in Lending); and DD (Truth in Savings). www.federalreserve.gov/boarddocs/press/bcreg/2003/20031126/default.htm 

November 26, 2003 - The Federal Reserve Board on Tuesday announced its approval of the application by S&T Bancorp, Inc., Indiana, Pennsylvania, to acquire up to 9.9 percent of the voting shares of IBT Bancorp, Inc., and thereby indirectly acquire an interest in Irwin Bank & Trust Company, both in Irwin, Pennsylvania. www.federalreserve.gov/boarddocs/press/orders/2003/20031125/default.htm

November 25, 2003 - The Federal Reserve Board on Tuesday announced its approval of the application by S&T Bancorp, Inc., Indiana, Pennsylvania, to acquire up to 9.9 percent of the voting shares of CBT Financial Corp., and thereby indirectly acquire an interest in Clearfield Bank & Trust Company, both in Clearfield, Pennsylvania.  www.federalreserve.gov/boarddocs/press/orders/2003/200311252/default.htm

November 25, 2003 - Effective Market Discipline: The Roles of Auditors, Companies, and Analysts - Remarks by Governor Susan Schmidt Bies At the Conference on Market Discipline, Federal Reserve Bank of Chicago, Chicago, Illinois October 31, 2003 www.federalreserve.gov/boarddocs/speeches/2003/20031031/default.htm

November 25, 2003 - Popular FOIA Requests - Popular FOIA documents are those that have been the subject of previous requests and appear to be of broad public interest. These documents are listed throughout the Web site. www.occ.treas.gov/foia/foiadocs.htm

November 25, 2003 - OCC Issues Order Requiring Security Trust Co. to Begin Orderly Dissolution; Order Follows Earlier Action to Ensure Funds Available to Protect Bank's Clients - The Office of the Comptroller of the Currency announced today that it has issued an order requiring Security Trust Company, Phoenix, Ariz., to begin a process that will result in the orderly dissolution of the bank by March 31, 2004.
Press Release: www.occ.treas.gov/newsrelease.asp?Doc=UXWWDXBJ.xml
Attachment: www.occ.treas.gov/ftp/eas/ea2003-138.pdf
Attachment: www.occ.treas.gov/ftp/eas/ea2003-136.pdf
Attachment: www.occ.treas.gov/ftp/eas/ea2003-137.pdf

November 25, 2003 - Federal and State Agencies Announce Actions Against Security Trust Company; Phoenix Bank will Undergo Orderly Dissolution and Close by March 31, 2004 - The Office of the Comptroller of the Currency, the Securities and Exchange Commission, and the New York Attorney General today jointly announced a series of actions against Phoenix, Arizona-based Security Trust Company, N.A. and three former executives, arising from their participation in mutual fund late trading and market timing schemes. www.occ.treas.gov/ftp/release/2003-94.htm 

November 24, 2003 - Functional Regulation and Financial Modernization - Governor Mark W. Olson At the annual meeting of the National Conference of Insurance Legislators, Santa Fe, New Mexico www.federalreserve.gov/boarddocs/speeches/2003/20031122/default.htm

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November 21, 2003 - Research Shows Jobless Recovery Consistent with Cyclical Forces, Not Labor Reallocation - The low employment growth environment does not appear to be the result of cross-industry movement of labor but rather a generally weak labor market in the current economic recovery, according to research in the December Chicago Fed Letter. www.chicagofed.org/newsandevents/pressreleases/2003/pr11212003.cfm

November 21, 2003 - NCUA Places Nor-Car Federal Credit Union into Conservatorship - The National Credit Union Administration has placed $41.6 million Nor-Car Federal Credit Union of Easton, Penn. into conservatorship based upon the financial condition of the credit union.  www.ncua.gov/news/press_releases/2003/NR03-1121.htm

November 21, 2003 - The Federal Reserve Board announced Friday that it will release the November Beige Book on Wednesday, November 26 at noon EST because of the early closure of some financial markets. The November Beige Book was previously scheduled for release on November 26 at 2 p.m. EST. www.federalreserve.gov/boarddocs/press/other/2003/20031121/default.htm

November 21, 2003 - Economic Outlook - Remarks by Vice Chairman Roger W. Ferguson, Jr. At the Executives' Club of Chicago, Chicago, Illinois November 21, 2003 www.federalreserve.gov/boarddocs/speeches/2003/20031121/default.htm

November 21, 2003 - The Federal Reserve Board on Friday announced the issuance of a Final Decision and Order of Prohibition against Garfield C. Brown, Jr., a former employee of Mellon Bank, N.A., Pittsburgh, Pennsylvania. www.federalreserve.gov/boarddocs/press/Enforcement/2003/20031121/default.htm

November 20, 2003 - NCUA - 2003 Board Action Bulletins - A Summary of Actions Taken at NCUA Board Meetings www.ncua.gov/news/board_reports/board_reports.html

November 20, 2003 - Bridging The Gap In Rural Healthcare - When it comes to economic development, the value of high-quality healthcare may be overlooked.  Nancy Novack, an associate economist at the Center for the Study of Rural America, examines some of the innovative strategies being used to enhance rural health care in September's edition of The Main Street Economist. The Main Street is published by the Center, which is based at the Federal Reserve Bank of Kansas City. www.kc.frb.org/pubaffrs/pressrel/pr03-30.htm

November 20, 2003 - Arkansas First To Make Money Smart Curriculum Available To Public High School Students Statewide - The Federal Deposit Insurance Corporation  today announced the signing of a Money Smart Alliance Program agreement that will make its Money Smart financial education curriculum available to all 11th and 12th grade students in Arkansas public high schools. www.fdic.gov/news/news/press/2003/pr10803.html

November 20, 2003 - Guidance on Change in Bank Control Procedures - The Federal Reserve is issuing this SR letter to emphasize the importance of understanding the requirements for filing a notice under the Change in Bank Control Act. www.federalreserve.gov/boarddocs/srletters/2003/sr0319.htm

November 20, 2003 - The Federal Reserve Board on Thursday announced its approval of the application under the Bank Holding Company Act by Shinhan Financial Group Co., Ltd., Seoul, Korea, to become a bank holding company and to control CHB America Bank, New York, New York. www.federalreserve.gov/boarddocs/press/orders/2003/20031120/default.htm

November 20, 2003 - NCUA - Dollar to Join Matz at PALS Workshop on Alternatives to Predatory Lending - National Credit Union Administration Chairman Dennis Dollar will join NCUA Board Member Debbie Matz in keynoting a free workshop in Dallas on January 26 to discuss alternatives to predatory lending. www.ncua.gov/news/press_releases/2003/NR03-1119.htm

November 20, 2003 - Current Account - Chairman Alan Greenspan At the 21st Annual Monetary Conference, Cosponsored by the Cato Institute and The Economist, Washington, D.C. www.federalreserve.gov/boarddocs/speeches/2003/20031120/default.htm

November 20, 2003 - Corporate governance, risk management, and internal controls - Richard Spillenkothen Director, Division of Banking Supervision and Regulation Before the Permanent Subcommittee on Investigations, Committee on Governmental Affairs, U.S. Senate www.federalreserve.gov/boarddocs/testimony/2003/20031120/default.htm

November 19, 2003 - The Federal Reserve Board on Wednesday announced its approval of the applications by The PNC Financial Services Group, Inc. and PNC Bancorp, Inc., both in Pittsburgh, Pennsylvania, to acquire United National Bancorp, and thereby indirectly acquire its wholly owned subsidiary bank, UnitedTrust Bank, both in Bridgewater, New Jersey.  www.federalreserve.gov/boarddocs/press/orders/2003/20031119/default.htm

November 19, 2003 - Thrifts Earnings and Profitability Remain Strong in Third Quarter - The Office of Thrift Supervision announced today that the nation's thrift industry reported net income of $3.44 billion in the third quarter of 2003, up 16 percent from the $2.97 billion earned in the third quarter of 2002, but down 3 percent from the record $3.53 billion earned in the second quarter of this year. www.ots.treas.gov/docs/77338.html

November 17, 2003 - Finance and Economics Discussion Series -  The Excess Sensitivity of Long-Term Interest Rates: Evidence and Implications for Macroeconomic Models.  www.federalreserve.gov/pubs/feds/2003/200350/200350pap.pdf

November 17, 2003 - Finance and Economics Discussion Series -  Welfare Effects of Tax Policy in Open Economies: Stabilization and Cooperation Jinill Kim and Sunghyun Henry Kim www.federalreserve.gov/pubs/feds/2003/200351/200351pap.pdf

November 17, 2003 - Finance and Economics Discussion Series -  Estimating the Worldwide Volume of Counterfeit U.S. Currency: Data and Extrapolation Ruth Judson and Richard Porter www.federalreserve.gov/pubs/feds/2003/200352/200352pap.pdf

November 17, 2003 - Finance and Economics Discussion Series -  Bank Risk Ratings and the Pricing of Agricultural Loans Nick Walraven and Peter Barry www.federalreserve.gov/pubs/feds/2003/200353/200353pap.pdf

November 17, 2003 - Finance and Economics Discussion Series -  Capital Flows Among the G-7 Nations: A Demographic Perspective - Michael Feroli www.federalreserve.gov/pubs/feds/2003/200354/200354pap.pdf

November 17, 2003 - Reports to Congress - Report on Financial Holding Companies under the Gramm-Leach-Bliley Act  - A joint report with the Department of Treasury. Discusses the new or expanded activities conducted by financial holding companies under the Gramm-Leach-Bliley Act, the actions that the Board and the Secretary of the Treasury have taken to expand the activities permissible for financial holding companies, and the effect that any nonbanking mergers and acquisitions by financial holding companies under the GLB Act have had on market concentration. www.federalreserve.gov/boarddocs/rptcongress/glbarptcongress.pdf

November 14, 2003 - NCUA - Department of Justice Press Release on the Sentencing of Bernard Gurr http://www.ncua.gov/news/press_releases/2003/DOJ03-1114.pdf

November 14, 2003 - NCUA - Statement of NCUA Chairman Dennis Dollar Regarding the Sentencing of Bernard Gurr in U.S. District Court www.ncua.gov/news/press_releases/2003/Stmt03-1114.htm

November 14, 2003 - FDIC Approves Assumption Of All The Deposits Of Pulaski Savings Bank, Philadelphia, Pennsylvania - The Board of Directors of the Federal Deposit Insurance Corporation has approved the assumption of all the deposits of Pulaski Savings Bank, Philadelphia, Pennsylvania, by Earthstar Bank, Southampton, Pennsylvania. www.fdic.gov/news/news/press/2003/pr10703.html

November 14, 2003 - Global Integration in the Banking Industry - Allen N. Berger and David C. Smith - Lowered regulatory barriers and advances in technology have reduced the cost of supplying banking services across borders. At the same time, growth in activity by multinational corporations has increased the demand for international financial services. www.federalreserve.gov/pubs/bulletin/2003/03bulletin.htm#nov

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November 14, 2003 - OCC Publishes Annual Report - The Office of the Comptroller of the Currency today published its 2003 Annual Report.
Press Release: www.occ.treas.gov/newsrelease.asp?Doc=KT4YZKG.xml
Attachment: www.occ.treas.gov/annrpt/annual.htm

November 14, 2003 - OCC Releases CRA Evaluations For 46 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, 2003 through November 14, 2003. www.occ.treas.gov/newsrelease.asp?Doc=EVMKXYAL.xml

November 14, 2003 - Globalization of Financial Markets Creates New Investment Opportunities For U.S., Foreign Investors: St. Louis Fedís Poole - Financial market globalization, spurred by advancing technology and liberalization of capital flow restrictions worldwide, has created entirely new investment opportunities for investors in the United States and abroad. www.stlouisfed.org/news/releases/2003/11_14_03.html

November 14, 2003 - 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/2003/fil0388.html

November 14, 2003 - Ben S. Bernanke on Friday took the oath of office for a new term as a member of the Board of Governors of the Federal Reserve System. www.federalreserve.gov/boarddocs/press/other/2003/20031114/default.htm

November 14, 2003 - National Credit Union Administration Issues Prohibition Orders - The National Credit Union Administration has issued Orders of Prohibition against the following individuals: www.ncua.gov/news/press_releases/2003/NR03-1114.htm

November 14, 2003 - OCC Announces 12 New Enforcement Actions and Nine Terminations - The Office of the Comptroller of the Currency (OCC) today announced 12 new enforcement actions taken against national banks and individuals currently and formerly affiliated with national banks and nine terminations of existing enforcement actions. www.occ.treas.gov/NewsRelease.asp?Doc=SIMIHHMK.xml

November 14, 2003 - Remarks by Governor Edward M. Gramlich - At a meeting on rental housing hosted by the John D. and Catherine T. MacArthur Foundation, Washington, D.C. www.federalreserve.gov/boarddocs/speeches/2003/20031114/default.htm

November 13, 2003 - NCUA - Matz Urges Credit Unions to Protect Safety & Soundness - National Credit Union Administration (NCUA) Board Member Debbie Matz today suggested several ways that credit unions could prevent taxation and thereby protect their safety and soundness. www.ncua.gov/news/press_releases/2003/NR03-1113.htm 

November 13, 2003 - OCC Allows National Bank Offices in Florida to Close if Necessary - The Office of the Comptroller of the Currency has issued a proclamation allowing national bank offices to close during the week of November 17, 2003, if events related to the Ministerial Meeting of the Free Trade Area of the Americas in Miami, Florida, should necessitate such action.
Press Release: www.occ.treas.gov/NewsRelease.asp?Doc=6CYY4XYV.xml
Attachment: www.occ.treas.gov/ftp/release/2003-89a.pdf

November 13, 2003 - Remarks by Governor Donald L. Kohn At the 28th Annual Policy Conference: Inflation Targeting: Prospects and Problems, Federal Reserve Bank of St. Louis, St. Louis, Missouri October 17, 2003 www.federalreserve.gov/boarddocs/speeches/2003/200310172/default.htm

November 13, 2003 - OCC Takes Action Against Texas Bank Engaged in Abusive Lending - The Office of the Comptroller of the Currency announced a precedent-setting enforcement action today that requires the complete reimbursement of fees and interest charged by Clear Lake National Bank of San Antonio, Texas, in a series of abusive loans. Press Release: www.occ.treas.gov/NewsRelease.asp?Doc=QIX949V6.xml
Attachment: www.occ.treas.gov/ftp/eas/ea2003-135.pdf

November 13, 2003 - The Proposed U.S. Approach to Regulatory Capital: An Update - Remarks by Vice Chairman Roger W. Ferguson, Jr. At the conference on The Changing Regulatory Capital Regime in Europe: A Challenging New Business Concept, Brussels, Belgium www.federalreserve.gov/boarddocs/speeches/2003/20031113/default.htm

November 12, 2003 - Metcalfe Named Chair, Jackson Named Deputy Chair of St. Louis Fed Board - The Board of Governors of the Federal Reserve System in Washington, D.C., has appointed Walter L. Metcalfe, Jr., as chair and Gayle P.W. Jackson as deputy chair of the board of directors of the Federal Reserve Bank of St. Louis. Metcalfe is chairman of the law firm of Bryan Cave LLP and Jackson is managing director of FondElec Clean Energy Group, Inc. www.stlouisfed.org/news/releases/2003/11_12_03.html

November 12, 2003 - The Federal Reserve Board on Wednesday announced its approval of the application under section 3 of the Bank Holding Company Act by AllNations Bancorporation, Inc., Shawnee, Oklahoma, to acquire The First National Bank of Calumet, Calumet, Oklahoma. www.federalreserve.gov/boarddocs/press/orders/2003/20031112/default.htm

November 12, 2003 - Proposal for Comment - Agency Information Collection Activities - Proposal to extend for three years, without revision, the following currently approved information collection: Report on Indebtedness of Executive Officers and Principal Shareholders and their Related Interests to Correspondent Banks.  www.federalreserve.gov/generalinfo/foia/proposedregs.cfm

November 12, 2003 - Proposal for Comment - Agency Information Collection Activities - Proposal to extend, without revision, the following: Disclosure Requirements in Connection with Regulation H (Consumer Protections in Sales of Insurance)  www.federalreserve.gov/generalinfo/foia/proposedregs.cfm

November 12, 2003 - NCUA Chairman Says Greater Access To Affordable Financial Services For Working Poor Families Can Accelerate Economic Growth.  www.ncua.gov/news/press_releases/2003/NR03-1110.htm

November 12, 2003 - NCUA - South Chicago Gains Access To Credit Union
Service For Underserved Area - NCUA Vice Chair Johnson Says Access To Affordable Financial Services Vital to Helping Residents Achieve the American Dream; Credit Union Positioned to Counter Significant Predatory Lending www.ncua.gov/news/press_releases/2003/NR03-1108.htm

November 10, 2003 - NCUA - Accessing Financial Services And Access Across America - A Credit Union Perspective On Successful Partnership Initiatives www.ncua.gov/news/speeches/2003/Dollar03-1110.pdf

November 10, 2003 - NCUA Chairman Says Greater Access To Affordable Financial Services For Working Poor Families Can Accelerate Economic Growth  http://www.ncua.gov/news/press_releases/2003/NR03-1110.htm
 
November 10, 2003 - NCUA - South Chicago Gains Access To Credit Union - NCUA Vice Chair Johnson Says Access To Affordable Financial Services Vital to Helping Residents Achieve the American Dream; Credit Union Positioned to Counter Significant Predatory Lending. http://www.ncua.gov/news/press_releases/2003/NR03-1108.htm

November 10, 2003 - Federal Reserve Bank Of Kansas City Board Of Director Elections In Progress - Bankers from Missouri and Kansas along with business leaders from Kansas, Colorado and Nebraska are candidates for election to the Federal Reserve Bank of Kansas City's Board of Directors. www.kc.frb.org/pubaffrs/pressrel/pr03-29.htm

November 10, 2003 - Industrial Production and Capacity Utilization - The Federal Reserve revised the index of industrial production  and the related measures of capacity and capacity utilization for the period from January 1972 to September 2003. Overall, the changes are small, and most of the revisions appear in the period beginning with 2000. www.federalreserve.gov/Releases/G17/Revisions/Current/default_rev.htm

November 5, 2003 - Researchers Examine Decimalization and Market Liquidity - The latest issue of Economic Perspectives released recently by the Chicago Fed www.chicagofed.org/newsandevents/pressreleases/2003/pr11052003.cfm

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November 7, 2003 - NCUA - Letter to Credit Unions 03-CU-17 - Independent Appraisal and Evaluation Functions for Real Estate-Related Transactions www.ncua.gov/ref/letters/2003/03-CU-17.doc

November 7, 2003 - NCUA - Statement of NCUA Chairman Dennis Dollar Regarding U.S. District Court's Dismissal Of Lawsuit Challenging Repeal of CAP  www.ncua.gov/news/press_releases/2003/Stmt03-1107.htm

November 7, 2003 - In the third quarter, consumer credit growth - at 6-1/2 percent at an annual rate - was higher than in the second quarter owing to a larger increase in nonrevolving credit.  www.federalreserve.gov/Releases/G19/Current/default.htm

November 7, 2003 - The Federal Reserve Board on Friday announced the approval of the application by HBOS Treasury Services plc, London, United Kingdom, to establish a branch in New York, New York.  www.federalreserve.gov/boarddocs/press/orders/2003/20031107/default.htm

November 7, 2003 - NCUA - Chairman Appoints Internal Working Group To Review GAO Recommendations - This week upon receipt of the General Accounting Office's recent study of the financial condition and oversight of credit unions, NCUA Chairman Dennis Dollar appointed an intra-agency working group comprised of seven key senior agency officials to review and evaluate each of the five recommendations to the NCUA included in GAO's report.
www.ncua.gov/news/press_releases/2003/NR03-1106.htm

November 7, 2003 - Remarks by Governor Ben S. Bernanke At the 28th Annual Policy Conference: Inflation Targeting: Prospects and Problems, Federal Reserve Bank of St. Louis, St. Louis, Missouri October 17, 2003 http://www.federalreserve.gov/boarddocs/speeches/2003/20031017/default.htm

November 6, 2003 - The Federal Reserve Board on Thursday released the minutes of its discount rate meetings from September 2 through September 15, 2003. www.federalreserve.gov/boarddocs/press/monetary/2003/20031106/default.htm

November 6, 2003 - The Jobless Recovery  - Remarks by Governor Ben S. Bernanke at the Global Economic and Investment Outlook Conference, Carnegie Mellon University, Pittsburgh, Pennsylvania. www.federalreserve.gov/boarddocs/speeches/2003/200311062/default.htm

November 6, 2003 - Remarks by Chairman Alan Greenspan At the Securities Industry Association annual meeting, Boca Raton, Florida.  www.federalreserve.gov/boarddocs/speeches/2003/20031106/default.htm

November 5, 2003 - FDIC Issues November List Of Banks Examined For CRA Compliance - The Federal Deposit Insurance Corporation today issued its monthly list of state nonmember banks recently evaluated for compliance with the Community Reinvestment Act. The list covers evaluation ratings that the FDIC assigned to institutions in August 2003. www.fdic.gov/news/news/press/2003/pr10603.html

November 4, 2003 - NCUA - Statement of NCUA Chairman Dennis Dollar On Release Of GAO Study Results "Credit Unions: Financial Condition Has Improved But Opportunities Exist To Enhance Oversight And Share Insurance Management"  http://www.ncua.gov/news/press_releases/2003/Stmt03-1104.htm 

November 4, 2003 - FDIC Board Votes To Maintain Premium Rates For Banks  - The Board of Directors of the Federal Deposit Insurance Corporation (FDIC) today voted to keep the assessment rates charged to insured banks and savings associations unchanged for the first half of 2004. www.fdic.gov/news/news/press/2003/pr10503.html

November 4, 2003 - FDIC Reports Third Quarter 2003 Financial Results For Bank And Thrift Insurance Funds  - The Federal Deposit Insurance Corporation today announced that the Bank Insurance Fund reported comprehensive income (net income plus current period unrealized gains/losses on available-for-sale securities) of $1.4 billion for the nine months ending September 30, 2003, compared to $944 million for the same period last year. www.fdic.gov/news/news/press/2003/pr10403.html

November 4, 2003 - The Federal Reserve Board on Tuesday announced the execution of a Written Agreement by and among the Bank of Gassaway, Gassaway, West Virginia; the West Virginia Division of Banking, Charleston, West Virginia; and the Federal Reserve Bank of Richmond. www.federalreserve.gov/boarddocs/press/Enforcement/2003/200311042/default.htm

November 4, 2003 - The Federal Reserve Board on Tuesday announced the issuance of a consent Order of Assessment of a Civil Money Penalty against the Gulf Bank, Miami, Florida, a state member bank. Gulf 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/boarddocs/press/Enforcement/2003/20031104/default.htm

November 3, 2003 - Senior Loan Officer Opinion Survey on Bank Lending Practices - The October 2003 Senior Loan Officer Opinion Survey on Bank Lending Practices addressed changes in the supply of, and demand for, bank loans to businesses and households over the past three months. www.federalreserve.gov/boarddocs/snloansurvey/200310/default.htm 

 

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