Bank Regulatory News

November 2009

November 30, 2009 - Jon D. Greenlee, Associate Director, Division of Banking Supervision and Regulation - Small business lending - Before the Subcommittee on Oversight and Investigations, Committee on Financial Services, U.S. House Of Representatives, Southfield, Michigan www.federalreserve.gov/newsevents/testimony/greenlee20091130a.htm 

November 30, 2009 - Midwest Manufacturing Output Increased in October - The Chicago Fed Midwest Manufacturing Index increased 0.5% in October, to a seasonally adjusted level of 82.9. www.chicagofed.org/economic_research_and_data/files/cfmmi_october_2009.pdf 

November 30, 2009 - The Federal Reserve Board on Friday announced the execution of a Written Agreement between Hillcrest Bancshares, Inc., Overland Park, Kansas, a registered bank holding company, and the Federal Reserve Bank of Kansas City. www.federalreserve.gov/newsevents/press/enforcement/20091127a.htm 

November 30, 2009 - The Federal Reserve Board on Monday announced the execution of a Written Agreement by and between Washington Bancorp, Inc., Lynnwood, Washington, a registered bank holding company, and the Federal Reserve Bank of San Francisco. www.federalreserve.gov/newsevents/press/enforcement/20091130a.htm

November 30, 2009 - The Federal Reserve Board on Monday announced the execution of a Written Agreement between County Bancorp, Inc., Arlington, Washington, a registered bank holding company, and the Federal Reserve Bank of San Francisco. www.federalreserve.gov/newsevents/press/enforcement/20091130b.htm

November 30, 2009 - On November 30, 2009, the Federal Reserve will offer $25 billion in 42-day credit through its Term Auction Facility. Additional information regarding the auction is listed below; the auction will be conducted as specified in this announcement, Regulation A, and the terms and conditions of the Term Auction Facility http://www.federalreserve.gov/newsevents/press/monetary/20091130a.htm

November 30, 2009 - FDIC Issues First Quarter 2010 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 2010. www.fdic.gov/news/news/press/2009/pr09215.html

November 30, 2009 - NCUA - Fairfield County Ohio Federal Employees Federal Credit Union Closes - The National Credit Union Administration today placed Fairfield County Ohio Federal Employees Federal Credit Union of Lancaster, Ohio, into liquidation. www.ncua.gov/news/press_releases/2009/MR09-1130.htm

November 30, 2009 - OCC Deputy Comptroller Testifies on Responsible Lending - Deputy Comptroller for the Central District Bert A. Otto testified today about improving responsible lending to small businesses before the Subcommittee on Oversight and Investigations of the House Committee on Financial Services www.occ.treas.gov/ftp/release/2009-149.htm

November 30, 2009 - OCC Issues First 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 first quarter of 2010. www.occ.treas.gov/ftp/release/2009-148.htm

November 27, 2009 - Regulatory Capital Standards - Final Rule for Mortgages Modified Under the Making Home Affordable Program - On March 4, 2009, the U.S. Department of the Treasury announced guidelines under the Making Home Affordable Program to promote sustainable loan modifications for homeowners at risk of losing their homes due to foreclosure. The final rule clarifies that a banking organization may retain the risk weight assigned to a mortgage loan before the loan was modified under the MHAP following modification of the mortgage loan. www.fdic.gov/news/news/financial/2009/fil09067.html

November 27, 2009 - Electronic Fund Transfer Act - Disclosures at Automated Teller Machines - The Federal Deposit Insurance Corporation is aware that a number of banks may not be fully complying with Section 205.16 of Regulation E. This regulation requires appropriate fee disclosures (1) on or at automated teller machines, and (2) on either the screen of the machine or on a paper notice. The FDIC is reminding banks to ensure ATM fee disclosures fully comply with Regulation E. www.fdic.gov/news/news/financial/2009/fil09066.html

November 27, 2009 - FDIC Makes Public October Enforcement Actions; One Administrative Hearing Scheduled for December - 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. www.fdic.gov/news/news/press/2009/pr09214.html

November 27, 2009 - Agencies Extend Compliance Date for Final Rule to Implement Unlawful Internet Gambling Enforcement Act - The Department of the Treasury and the Federal Reserve Board on Friday announced the release of a joint final rule to extend the compliance date for their joint regulation implementing certain provisions of the Unlawful Internet Gambling Enforcement Act by six months to June 1, 2010. www.federalreserve.gov/newsevents/press/bcreg/20091127a.htm
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November 25, 2009 - The Federal Reserve Board on Wednesday announced the execution of a Written Agreement by and among Home Valley Bancorp, Inc., a registered bank holding company, Home Valley Bank, a state member bank, both of Grants Pass, Oregon, 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/20091125a.htm 

November 25, 2009 - The Federal Reserve Board on Wednesday announced the execution of a Written Agreement between The Bank Holdings, Reno, Nevada, a registered holding company, and the Federal Reserve Bank of San Francisco. www.federalreserve.gov/newsevents/press/enforcement/20091125c.htm 

November 25, 2009 - The Federal Reserve Board on Wednesday announced revisions to the policy governing eligibility, qualifications, and rotation for directors of Federal Reserve Banks and their Branches. The revisions address situations where, as a result of a company changing character, affiliations and stockholdings that were previously permissible may become impermissible for Class B and Class C directors. www.federalreserve.gov/newsevents/press/other/20091125a.htm 

November 25, 2009 - The Federal Reserve wants consumers to use their credit cards wisely as they shop for the holidays, and is sponsoring 45-second advertisements in movie theaters with tips to help shoppers avoid unnecessary charges and fees. www.federalreserve.gov/newsevents/press/other/20091125b.htm 

November 25, 2009 - Supervision Manuals - These manuals are intended to provide guidance to supervisory personnel in planning and conducting inspections and are to be used in conjunction with other supervisory guidance and manuals. They should not be considered a legal reference to the regulations of the Federal Reserve Board and federal banking laws. www.federalreserve.gov/BoardDocs/SupManual/default.htm 

November 25, 2009 - FDIC Advisory Committee to Explore Results of FDIC National Survey of Unbanked and Underbanked Households; Overdraft Issues; and Committee's Future Work. - The Federal Deposit Insurance Corporation Advisory Committee on Economic Inclusion will meet on Wednesday, December 2nd, to discuss the results of the FDIC's National Survey of Unbanked and Underbanked Households, issues related to overdrafts, and the strategic focus of ComE-IN's future work. www.fdic.gov/news/news/press/2009/pr09213.html 

November 25, 2009 - NCUA - Credit Union Net Worth Remains Strong, Market Challenges Continue, Third Quarter Numbers Show - Credit union net worth remained above 10 percent, the return on average assets is modest at 0.28 percent, membership and lending grew despite overall stress in the economy in the third quarter but delinquencies also increased, according to Call Report data submitted by the nation's 7,637 federally insured credit unions. www.ncua.gov/news/press_releases/2009/MA09-1125.htm 

November 24, 2009 - The Federal Reserve Board and the Federal Open Market Committee on Tuesday released the attached minutes of the Committee meeting held on November 3-4, 2009. A summary of economic projections made by Federal Reserve Board members and Reserve Bank presidents for the November 3-4, 2009 meeting is also included as an addendum to these minutes. www.federalreserve.gov/newsevents/press/monetary/20091124a.htm 

November 24, 2009 - FDIC-Insured Institutions Earned $2.8 Billion in the Third Quarter of 2009 - Loan Balances Declined for Fifth Straight Quarter - Commercial banks and savings institutions insured by the Federal Deposit Insurance Corporation reported aggregate net income of $2.8 billion in the third quarter of 2009, but loan balances declined by the largest percentage since quarterly reporting began in 1984.   www.fdic.gov/news/news/press/2009/pr09212.html 

November 24, 2009 - OCC Reminds Consumers To Read Fine Print on Gift Cards - The Office of the Comptroller of the Currency reminds consumers to read the terms and conditions of gift cards this holiday season. www.occ.treas.gov/ftp/release/2009-146.htm 

November 24, 2009 - OCC Community Developments Newsletter Focuses on Bank Stabilization Activities - The Office of the Comptroller of the Currency today released the fall 2009 edition of Community Developments focusing on bank strategies to mitigate the impacts of foreclosed properties on communities across the country. www.occ.treas.gov/ftp/release/2009-147.htm 

November 24, 2009 - Thrift Industry Posts Another Break-Even Quarter - The U.S. thrift industry broke even for the second consecutive quarter in the third quarter of 2009, the Office of Thrift Supervision reported today. www.ots.treas.gov/?p=PressReleases&ContentRecord_id=2727b9c1-1e0b-8562-ebb3-ce064d9a04d5&ContentType_id=4c12f337-b5b6-4c87-b45c-838958422bf3 

November 23, 2009 - It's More than a Man-cession: The Real Demographics of Recession - WHAT: New St. Louis Fed research debunks the popular notion that the current recession is predominantly a "man-cession"-a recession hurting American males proportionately more than women and other demographic groups. The truth is far more interesting than that. Presenting his findings is St. Louis Fed vice president and economist Howard Wall. www.stlouisfed.org/newsroom/displayNews.cfm?article=566 

November 23, 2009 - 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 December 31, 2011, to March 31, 2012. With this extension, new investments with maturities of two years or less in participating corporate credit unions made before March 31, 2010, will be fully covered by the guarantee program. This is in addition to the existing deposits already covered. www.ncua.gov/news/press_releases/2009/MR09-1123.htm 

November 23, 2009 - Economic Activity Leveled Off in October - The Chicago Fed National Activity Index was -1.08 in October, down very slightly from -1.01 in September. www.chicagofed.org/economic_research_and_data/cfnai.cfm 

November 20, 2009 - Federal Reserve System Monthly Reports on Credit and Liquidity Programs and the Balance Sheet - The Federal Reserve prepares these monthly reports as part of its efforts to enhance transparency in connection with its various programs to foster market liquidity and financial stability and to ensure appropriate accountability to the Congress and the public concerning policy actions taken to address the financial crisis. The reports provide detailed information on the new policy tools that have been implemented since the summer of 2007. www.federalreserve.gov/monetarypolicy/bst_reports.htm#frsreports 

November 20, 2009 - Credit and Liquidity Programs and the Balance Sheet - Recent balance sheet trends, weekly chart data update.   www.federalreserve.gov/monetarypolicy/bst_recenttrends.htm 

November 20, 2009 - Central Bank, Stillwater, Minnesota, Assumes All of the Deposits of Commerce Bank of Southwest Florida, Fort Myers, Florida - Commerce Bank of Southwest Florida, Fort Myers, Florida, was closed today by the Florida Office of Financial Regulation, which appointed the Federal Deposit Insurance Corporation as receiver. To protect the depositors, the FDIC entered into a purchase and assumption agreement with Central Bank, Stillwater, Minnesota, to assume all of the deposits of Commerce Bank of Southwest Florida. www.fdic.gov/news/news/press/2009/pr09211.html 

November 20, 2009 - St. Louis Fed President James Bullard To Discuss the Role of Government in the Economic Crisis.   www.stlouisfed.org/newsroom/displayNews.cfm?article=565 

November 20, 2009 - 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/2009-144.htm 

November 20, 2009 - OCC Releases CRA Evaluations For 27 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, 2009 through November 14, 2009. www.occ.treas.gov/ftp/release/2009-145.htm 

November 20, 2009 - The Office of the Comptroller of the Currency and other federal regulators of financial services providers - including the Federal Reserve Board, the Federal Deposit Insurance Corporation, the Office of Thrift Supervision, the National Credit Union Administration, the Federal Trade Commission, and the Securities and Exchange Commission - have issued uniform final rules amending their regulations to include a model privacy notice that institutions can use at their option to provide initial and annual privacy notices to their customers, as required by the Gramm-Leach-Bliley Act www.occ.treas.gov/ftp/bulletin/2009-33.html 

November 20, 2009 - NCUA - The National Credit Union Administration Board yesterday named Kent Buckham as Director of the newly-created Office of Consumer Protection. In that role Buckham will lead the 30-person department, which beginning in January 2010 will serve as a focal point for NCUA's efforts to enhance consumer protection, education and access to credit union service. www.ncua.gov/news/press_releases/2009/MR09-1120.htm 

November 20, 2009 - Detroit Branch Announces New Directors; Chairman Reappointed - Three new members of the Chicago Fed's Detroit Branch Board of Directors named, and Chairman reappointed. www.chicagofed.org/news_room/news/2009_11_20_det_director_chair_release.cfm 

November 20, 2009 - Chicago Fed Announces New Directors, Advisory Council Rep - Three new members of the Chicago Fed's Board of Directors named, as well as new Federal Advisory Council representative. www.chicagofed.org/news_room/news/2009_11_20_director_faq_release.cfm  _______________________

November 19, 2009 - The Federal Reserve Board on Thursday announced the execution of a Written Agreement by and among Flagler Bank, West Palm Beach, Florida, a state chartered member bank, the Federal Reserve Bank of Atlanta, and the State of Florida, Office of Financial Regulation. www.federalreserve.gov/newsevents/press/enforcement/20091119a.htm 

November 19, 2009 - Midwest Farmland Values Down From Last Year - Latest AgLetter reports farmland values for the third quarter of 2009 were 4 percent lower than a year ago. www.chicagofed.org/publications/agletter/november_2009.pdf 

November 19, 2009 - NCUA Board Proposes Landmark Corporate Reforms - New Rule Would Strengthen Corporate Credit Union System - The National Credit Union Administration Board today unanimously issued a proposed rule to reform the corporate credit union system by establishing a comprehensive new framework for safety and soundness. The proposed reforms are intended to enhance NCUA regulatory oversight and address deficiencies in the current rule. www.ncua.gov/news/press_releases/2009/MA09-1119.htm 

November 18, 2009 - The Federal Reserve Board on Wednesday announced the execution of a Written Agreement by and among FMB Bancshares, Inc., Lakeland, Georgia, a registered holding company, the Federal Reserve Bank of Atlanta, and the Banking Commissioner of the State of Georgia. www.federalreserve.gov/newsevents/press/enforcement/20091118a.htm 

November 18, 2009 - The Federal Reserve Board on Wednesday announced the execution of a Written Agreement between Middle Georgia Corporation, Ellaville, Georgia, a registered holding company, the Federal Reserve Bank of Atlanta, and the Banking Commissioner of the State of Georgia. www.federalreserve.gov/newsevents/press/enforcement/20091118b.htm 

November 18, 2009 - Federal Reserve Bulletin Article - The Financial Crisis and U.S. Cross-Border Financial Flows - The financial crisis that began in the summer of 2007 caused notable changes in the composition of U.S. cross-border financial flows, especially in the fall of 2008, when the crisis intensified. www.federalreserve.gov/pubs/bulletin/2009/pdf/bulletin_article_november_2009a1.pdf 

November 18, 2009 - St. Louis Fed's Bullard Discusses "The First Phase of the U.S. Recovery" - In a speech Wednesday to area business leaders at the 2009 Commerce Bank Economic Breakfast, St. Louis Fed President James Bullard described the forces driving this nascent economic recovery and posed the question: How sustainable is this growth going forward? www.stlouisfed.org/newsroom/displayNews.cfm?article=563 

November 18, 2009 - Comptroller Dugan Urges Regulators Around the World To Set Minimum Mortgage Underwriting Standards - Comptroller of the Currency John C. Dugan said today that regulators around the world should address the problem that sparked the financial crisis of the past two years by establishing minimum underwriting standards for all mortgages made in their respective countries. www.occ.treas.gov/ftp/release/2009-143.htm 

November 18, 2009 - 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/2009/MR09-1118.htm 

November 17, 2009 - Federal Reserve Bank of Kansas City Announces Director Election Results, Chair and Deputy Chair Appointments.   www.kc.frb.org/pubaffrs/pressrel/2009pdf/press.release.09.29.pdf 

November 17, 2009 - No Safer Place for Your Money: Why the FDIC's Resources are Strong and Insured Deposits are "Absolutely Safe" - Other Topics in the Latest FDIC Consumer News Include the Basics of Debit, Credit and Prepaid Cards, Plus What to Know About Using Safe Deposit Boxes and Home Safes.  www.fdic.gov/news/news/press/2009/pr09210.html 

November 17, 2009 - Industrial Production And Capacity Utilization - Industrial production increased 0.1 percent in October after having averaged monthly gains of about 0.9 percent over the previous three months. Manufacturing production moved down 0.1 percent and the output of mines decreased 0.2 percent, but the index for utilities rose 1.6 percent.  www.federalreserve.gov/releases/g17/Current/default.htm 

November 17, 2009 - Federal Regulators Issue Final Model Privacy Notice Form - Eight federal regulatory agencies today released a final model privacy notice form that will make it easier for consumers to understand how financial institutions collect and share information about consumers. Under the Gramm-Leach-Bliley Act, institutions must notify consumers of their information-sharing practices and inform consumers of their right to opt out of certain sharing practices. The model form issued today can be used by financial institutions to comply with these requirements.
Press Release: www.federalreserve.gov/newsevents/press/bcreg/20091117a.htm 
Press Release: www.fdic.gov/news/news/press/2009/pr09209.html 
Press Release: www.fdic.gov/news/news/financial/2009/fil09065.html 
Press Release: www.occ.treas.gov/ftp/release/2009-142.htm 
Press release: www.ots.treas.gov/?p=PressReleases&ContentRecord_id=028c55b4-1e0b-8562-eb6e-38a3ebebc798&ContentType_id=4c12f337-b5b6-4c87-b45c-838958422bf3 
Press Release: www.ncua.gov/news/press_releases/2009/11-17GLBPrivacyRule-ModelForm.pdf 

November 17, 2009 - In light of the Thanksgiving holiday, the minutes of the November 3-4 meeting of the Federal Open Market Committee will be released at 2 p.m. EST on Tuesday, November 24, one day earlier than previously scheduled. The minutes of each regularly scheduled meeting of the Committee ordinarily are made available three weeks after the day of the policy decision. www.federalreserve.gov/newsevents/press/monetary/20091117c.htm 

November 17, 2009 - In light of the continued improvement in financial market conditions, the Federal Reserve Board on Tuesday announced that it approved a reduction in the maximum maturity of primary credit loans at the discount window for depository institutions to 28 days from 90 days effective January 14, 2010. Primary credit loans will remain eligible for renewal upon request of the borrower. www.federalreserve.gov/newsevents/press/monetary/20091117b.htm 

November 17, 2009 - On November 16, 2009, the Federal Reserve conducted an auction of $75 billion in 28-day credit through its Term Auction Facility. Following are the results of the auction: www.federalreserve.gov/newsevents/press/monetary/20091117a.htm 

November 17, 2009 - The Federal Reserve Board on Tuesday announced the execution of a Written Agreement by and between Campello Bancorp, Brockton, Massachusetts, a registered bank holding company, and the Federal Reserve Bank of Boston. www.federalreserve.gov/newsevents/press/enforcement/20091117b.htm 

November 16, 2009 - NCUA - Statement from NCUA Chairman Matz on Progress since November 5 Meeting on Corporate Credit Union Capital Depletion.  www.ncua.gov/news/press_releases/2009/MA09-1116.htm
 
November 16, 2009 - St. Louis Fed Analysis: Can Auctions Help Alleviate Airport Congestion? - While the approach of the holiday season brings with it increased tales of traveling delays and congestion at airports all across the country, congestion remains a year-round problem despite many efforts and studies to improve the system. A new research paper from the Federal Reserve Bank of St. Louis examines one controversial proposal to alleviate congestion at major airports: using auction-based mechanisms to more efficiently allocate landing slots. www.stlouisfed.org/newsroom/displayNews.cfm?article=558

November 16, 2009 - Vice Chairman Donald L. Kohn - Policy Challenges for the Federal Reserve - At the Kellogg Distinguished Lecture Series, Kellogg School of Management, Northwestern University, Evanston, Illinois.  www.federalreserve.gov/newsevents/speech/kohn20091116a.htm 

November 16, 2009 - Chairman Ben S. Bernanke - On the Outlook for the Economy and Policy - At the Economic Club of New York, New York, New York.  www.federalreserve.gov/newsevents/speech/bernanke20091116a.htm

November 16, 2009 - The Federal Reserve Board on Monday approved an interim final rule to implement a recent statutory amendment requiring that notice be given to consumers when their mortgage loan has been sold or transferred. The new disclosure requirement became effective immediately upon enactment of the Helping Families Save Their Homes Act in May, 2009. Under that Act, a purchaser or assignee that acquires a mortgage loan must provide the required disclosures in writing within 30 days. www.federalreserve.gov/newsevents/press/bcreg/20091116b.htm

November 16, 2009 - The Federal Reserve Board on Monday announced proposed rules that would restrict the fees and expiration dates that may apply to gift cards. The rules would protect consumers from certain unexpected costs and would require that gift card terms and conditions be clearly stated. www.federalreserve.gov/newsevents/press/bcreg/20091116a.htm

November 16, 2009 - The Federal Reserve Board on Tuesday announced the execution of a Written Agreement by and among Horizon Bank, Bradenton, Florida, a state chartered bank that is a member of the Federal Reserve System, the State of Florida Office of Financial Regulation, and the Federal Reserve Bank of Atlanta. www.federalreserve.gov/newsevents/press/enforcement/20091117a.htm 

November 13, 2009 - FDIC Board Adopts Proposed Interim Final Rule To Provide A Transitional Safe Harbor For All Participations And Securitizations - On November 12, 2009, the Board of Directors of the Federal Deposit Insurance Corporation adopted a proposed Interim Final Rule amending 12 C.F.R. § 360.6 to provide a transitional safe harbor effective immediately for all participations and securitizations in compliance with that rule as originally adopted in 2000.  www.fdic.gov/news/news/press/2009/pr09208.html 

November 13, 2009 - Sunwest Bank, Tustin, California, Assumes All of the Deposits of Pacific Coast National Bank, San Clemente, California - Pacific Coast National Bank, San Clemente, California, 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 Sunwest Bank, Tustin, California, to assume all of the deposits of Pacific Coast National Bank. www.fdic.gov/news/news/press/2009/pr09207.html 

November 13, 2009 - IBERIABANK, Lafayette, Louisiana, Assumes All of the Deposits of Orion Bank, Naples, Florida - Orion Bank, Naples, Florida, was closed today by the Florida Office of Financial Regulation, which appointed the Federal Deposit Insurance Corporation as receiver. To protect the depositors, the FDIC entered into a purchase and assumption agreement with IBERIABANK, Lafayette, Louisiana, to assume all of the deposits of Orion Bank. www.fdic.gov/news/news/press/2009/pr09206.html 

November 13, 2009 - IBERIABANK, Lafayette, Louisiana, Assumes All of the Deposits of Century Bank, Federal Savings Bank, Sarasota, Florida - Century Bank, Federal Savings Bank, Sarasota, Florida, 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 IBERIABANK, Lafayette, Louisiana, to assume all of the deposits of Century Bank, FSB. www.fdic.gov/news/news/press/2009/pr09205.html 

November 13, 2009 - The Federal Reserve Board on Friday announced the issuance of a Prompt Corrective Action Directive against Orion Bank, Naples, Florida, a state chartered member bank. www.federalreserve.gov/newsevents/press/enforcement/20091113a.htm 

November 13, 2009 - Agencies Issue Final Rule for Mortgage Loans Modified Under the Home Affordable Mortgage Program - The federal bank and thrift regulatory agencies today issued a final rule providing that mortgage loans modified under the U.S. Department of the Treasury's Home Affordable Mortgage Program will generally retain the risk weight appropriate to the mortgage loan prior to modification.
Press Release: www.federalreserve.gov/newsevents/press/bcreg/20091113a.htm 
Press Release: www.fdic.gov/news/news/press/2009/pr09204.html 
Press Release: www.fdic.gov/news/news/financial/2009/fil09064.html 
Press Release: www.occ.treas.gov/ftp/release/2009-140.htm 
Press Release: www.ots.treas.gov/?p=PressReleases&ContentRecord_id=e97618a0-1e0b-8562-eb0d-c3885582ec66&ContentType_id=4c12f337-b5b6-4c87-b45c-838958422bf3 

November 13, 2009 - Credit and Liquidity Programs and the Balance Sheet - Recent balance sheet trends, weekly chart data update.   www.federalreserve.gov/monetarypolicy/bst_recenttrends.htm 

November 13, 2009 - Ag Credit Survey Finds Farmland Values Hold Steady, Farm Credit Conditions Deteriorate in Third Quarter. www.kc.frb.org/pubaffrs/pressrel/2009pdf/press.release.09.27.pdf 

November 13, 2009 - Release Dates for the Federal Reserve Bank of Kansas City's Monthly Manufacturing Survey.   www.kc.frb.org/pubaffrs/pressrel/2009pdf/press.release.09.28.pdf 

November 13, 2009 - NCUA - Matz: NCUA Strengthening Supervision in Key Risk Areas - Agency Increasing Administrative Actions in Effort to Assist Credit Unions - National Credit Union Administration Chairman Debbie Matz today told over 150 members of the American Association of Credit Union Leagues that NCUA is strengthening supervision to help credit unions manage areas of heightened risk. www.ncua.gov/news/press_releases/2009/MR09-1113.htm 

November 12, 2009 - FDIC Board Approves Final Rule on Prepaid Assessments - The Board of Directors of the Federal Deposit Insurance Corporation today voted to require insured institutions to prepay slightly over three years of estimated insurance assessments. The pre-payment allows the FDIC to strengthen the cash position of the Deposit Insurance Fund immediately without immediately impacting earnings of the industry.
Press Release: www.fdic.gov/news/news/press/2009/pr09203.html 
Press Release: www.fdic.gov/news/news/financial/2009/fil09063.html 
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November 12, 2009 - The Federal Reserve Board on Thursday announced final rules that prohibit financial institutions from charging consumers fees for paying overdrafts on automated teller machine and one-time debit card transactions, unless a consumer consents, or opts in, to the overdraft service for those types of transactions. www.federalreserve.gov/newsevents/press/bcreg/20091112a.htm 

November 12, 2009 - Federal Regulators Reopen Comment Period for Correspondent Concentration Risks Guidance - The federal bank and thrift regulatory agencies announce today they are reopening the comment period on proposed guidance on correspondent concentration risks, originally published on September 25. The comment period will be open until November 27, 2009, an additional 30 days after the original comment period closed. www.federalreserve.gov/newsevents/press/bcreg/20091112b.htm 

November 12, 2009 - Household Response to the 2008 Tax Rebates: Survey Evidence and Aggregate Implications - Claudia R. Sahm, Matthew D. Shapiro, and Joel Slemrod - Only about one-fifth of respondents in the Reuters/University of Michigan survey report that the 2008 tax rebates led them to mostly increase spending, while over half said it would lead them to mostly pay off debt. Of those in the mostly-spend category, the response was swift, with over 80 percent reporting increasing their spending within three months of receiving their rebate. www.federalreserve.gov/pubs/feds/2009/200945/200945abs.html 

November 12, 2009 - Federal Regulators Reopen Comment Period for Correspondent Concentration Risks Guidance - The federal bank and thrift regulatory agencies announce today they are reopening the comment period on proposed guidance on correspondent concentration risks, originally published on September 25. The comment period will be open until November 27, 2009, an additional 30 days after the original comment period closed.
Press Release: www.fdic.gov/news/news/press/2009/pr09202.html 
Press Release: www.occ.treas.gov/ftp/release/2009-139.htm 
Press Release: http://www.ots.treas.gov/?p=PressReleases&ContentRecord_id=e8c58745-1e0b-8562-ebc3-2c00cad64e15&ContentType_id=4c12f337-b5b6-4c87-b45c-838958422bf3 

November 12, 2009 - Statement of Comptroller of the Currency John C. Dugan - Following Tour of San Francisco Small Businesses - Following a November 10 tour of successful community economic development projects in San Francisco, Comptroller of the Currency John C. Dugan issued the following statement www.occ.treas.gov/ftp/release/2009-138.htm 

November 12, 2009 - NCUA - Agenda for the 11/19/2009 NCUA Board Meeting is available.   www.ncua.gov/GenInfo/BoardandAction/Calendars/board_calendar/ag09-1119.aspx 

November 11, 2009 - Interest on Required Reserve Balances and Excess Balances Maintenance period ending November 11, 2009 - 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 

November 10, 2009 - The Federal Reserve Board on Tuesday announced the execution of a Written Agreement by and between Pacific Coast National Bancorp, San Clemente, California, a registered bank holding company, and the Federal Reserve Bank of San Francisco. www.federalreserve.gov/newsevents/press/enforcement/20091110a.htm 

November 10, 2009 - The Federal Reserve Board on Tuesday announced the execution of a Written Agreement by and among Landmark Financial Holding Company, a registered bank holding company, Landmark Bank of Florida, a state chartered member bank, both of Sarasota, Florida, the Federal Reserve Bank of Atlanta, and the State of Florida, Office of Financial Regulation. www.federalreserve.gov/newsevents/press/enforcement/20091110b.htm 

November 10, 2009 - The Federal Reserve Board on Tuesday announced the execution of a Written Agreement by and among West Concord Bancshares, Inc., a registered bank holding company, Farmers State Bank of West Concord, a state chartered member bank, both of West Concord, Minnesota, and the Federal Reserve Bank of Minneapolis. www.federalreserve.gov/newsevents/press/enforcement/20091110c.htm 

November 10, 2009 - The Federal Reserve Board on Tuesday announced the availability of a collection of brief articles that examine ways to improve the availability of housing options for low-income renters. www.federalreserve.gov/newsevents/press/other/20091110a.htm 

November 10, 2009 - Governor Daniel K. Tarullo - Supervising and Resolving Large Financial Institutions - At the Institute of International Bankers Conference on Cross-Border Insolvency Issues, New York, New York.  www.federalreserve.gov/newsevents/speech/tarullo20091110a.htm 

November 10, 2009 - The Task Force on Consumer Compliance of the Federal Financial Institutions Examination Council recently approved the attached interagency examination procedures for the Real Estate Settlement Procedures Act, which incorporate recent changes to the Department of Housing and Urban Development's Regulation X. www.federalreserve.gov/boarddocs/caletters/2009/0911/caltr0911.htm 

November 10, 2009 - Portfolio Inertia and the Equity Premium Christopher Gust and David López-Salido - We develop a DSGE model in which aggregate shocks induce endogenous movements in risk. The key feature of our model is that households rebalance their financial portfolio allocations infrequently, as they face a fixed cost of transferring cash across accounts.  www.federalreserve.gov/pubs/ifdp/2009/984/ifdp984.htm 

November 10, 2009 - E-Apps is a web-based application that will allow banking organizations supervised by the Federal Reserve System to submit regulatory filings online, either directly or through their authorized representatives. www.federalreserve.gov/bankinforeg/eapps.htm 

November 10, 2009 - Short-Term Balloon Loans and Regulation Z Repayment Ability Requirement for Higher-Priced Mortgage Loans - This letter provides answers to questions we have frequently received regarding compliance with Regulation Z's repayment ability rule for higher-priced balloon mortgage loans with terms of less than 7 years.  www.federalreserve.gov/boarddocs/caletters/2009/0912/caltr0912.htm 

November 9, 2009 - Governor Daniel K. Tarullo - Financial Regulation: Past and Future - At the Money Marketeers of New York University, New York, New York.  www.federalreserve.gov/newsevents/speech/tarullo20091109a.htm 

November 9, 2009 - The Federal Reserve Board on Monday announced the execution of a Written Agreement by and among Butler Bancorp, MHC and Butler Bancorp, Inc., registered bank holding companies, both of Lowell, Massachusetts, and the Federal Reserve Bank of Boston. www.federalreserve.gov/newsevents/press/enforcement/20091109a.htm 

November 9, 2009 - The Federal Reserve Board on Monday said that 9 of the 10 Bank Holding Companies (BHCs) that were determined in the Supervisory Capital Assessment Program (SCAP) earlier this year to need to raise capital or improve the quality of their capital to withstand a worse-than-expected economic scenario now have increased their capital sufficiently to meet or exceed their required capital buffers. www.federalreserve.gov/newsevents/press/bcreg/20091109a.htm 

November 9, 2009 - Surveys and Reports - The October 2009 Senior Loan Officer Opinion Survey - Survey of approximately sixty large domestic banks and twenty-four U.S. branches and agencies of foreign banks. The Federal Reserve generally conducts the survey quarterly, timing it so that results are available for the January/February, April/May, August, and October/November meetings of the Federal Open Market Committee. www.federalreserve.gov/boarddocs/SnLoanSurvey/default.htm 

November 9, 2009 - St. Louis Fed President James Bullard To Discuss U.S. Economy and Monetary Policy - Wednesday, Nov. 18, 2009.   www.stlouisfed.org/newsroom/displayNews.cfm?article=551 

November 9, 2009 - OCC Allows National Bank Offices Affected by Hurricane Ida to Close - The Office of the Comptroller of the Currency today issued a proclamation allowing national bank offices affected by Hurricane Ida to close at their discretion. www.occ.treas.gov/ftp/release/2009-137.htm 

November 9, 2009 - NCUA Board Member, Michael E. Fryzel recently participated in an industry leader's panel discussing regulatory economic trends and how they will affect credit unions. The panel was part of the Credit Union Executive Society CEO/Executive Team National Conference held in Orlando, Florida. www.ncua.gov/news/press_releases/2009/MA09-1109.htm 

November 9, 2009 - Cyclical Movements or Structural Change? - Article looks at how policymakers determine the origin of any increase in the unemployment rate. www.chicagofed.org/publications/economicperspectives/ep_4qtr2009_part3_rissman.pdf 

November 9, 2009 - Recession of 1937-A Cautionary Tale - Economist François Velde reviews competing explanations offered for the recession of 1937.   www.chicagofed.org/publications/economicperspectives/ep_4qtr2009_part2_velde.pdf 

November 9, 2009 - Baby Boomer Retirements and Teacher Labor Markets - Article estimates teacher demand and supply through 2020 to gauge impact of baby boomer retirements. www.chicagofed.org/publications/economicperspectives/ep_4qtr2009_part1_aaronson_meckel.pdf 

November 6, 2009 - East West Bank, Pasadena, California Assumes All the Deposits of United Commercial Bank, San Francisco, California - United Commercial Bank, San Francisco, California, was closed today by the California 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 United Commercial Bank. This agreement included all U.S. branches of United Commercial Bank, the Hong Kong branch of United Commercial Bank, and the subsidiary of United Commercial Bank headquartered in Shanghai, China, United Commercial Bank. www.fdic.gov/news/news/press/2009/pr09201.html 

November 6, 2009 - Central Bank of Kansas City, Kansas City, Missouri, Assumes All of the Deposits of Gateway Bank of St. Louis, St. Louis, Missouri - Gateway Bank of St. Louis, St. Louis, Missouri, was closed today by the Missouri Division of Finance, which appointed the Federal Deposit Insurance Corporation as receiver. To protect the depositors, the FDIC entered into a purchase and assumption agreement with Central Bank of Kansas City, to assume all of the deposits of Gateway Bank of St. Louis. www.fdic.gov/news/news/press/2009/pr09200.html 

November 6, 2009 - Alerus Financial, National Association, Grand Forks, North Dakota, Assumes All of the Deposits of Prosperan Bank, Oakdale, Minnesota - Prosperan Bank, Oakdale, Minnesota, was closed today by the Minnesota Department of Commerce, which appointed the Federal Deposit Insurance Corporation as receiver. To protect the depositors, the FDIC entered into a purchase and assumption agreement with Alerus Financial, National Association, Grand Forks, North Dakota, to assume all of the deposits of Prosperan Bank. www.fdic.gov/news/news/press/2009/pr09199.html 

November 6, 2009 - Liberty Bank and Trust Company, New Orleans, Louisiana, Assumes All of the Deposits of Home Federal Savings Bank, Detroit, Michigan - Home Federal Savings Bank, Detroit, Michigan, 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 Liberty Bank and Trust Company, New Orleans, Louisiana, to assume all of the deposits of Home Federal Savings Bank. www.fdic.gov/news/news/press/2009/pr09198.html 

November 6, 2009 - The Federal Reserve Board on Friday announced the execution of a Written Agreement by and among Blue Valley Ban Corp., a registered bank holding company, Bank of Blue Valley, a state chartered member bank, both of Overland Park, Kansas, and the Federal Reserve Bank of Kansas City. www.federalreserve.gov/newsevents/press/enforcement/20091106a.htm 

November 6, 2009 - The Federal Reserve Board has approved amendments to Appendix A of Regulation CC that reflect the restructuring of the Federal Reserve Banks' check-processing operations. www.federalreserve.gov/newsevents/press/bcreg/20091106a.htm
 
November 6, 2009 - Credit and Liquidity Programs and the Balance Sheet - Recent balance sheet trends, weekly chart data update.   www.federalreserve.gov/monetarypolicy/bst_recenttrends.htm 

November 6, 2009 - Statistical Release - G.19 Consumer Credit - Consumer credit decreased at an annual rate of 6 percent in the third quarter of 2009. Revolving credit decreased at an annual rate of 10 percent, and nonrevolving credit decreased at an annual rate of 3-3/4 percent. In September, consumer credit decreased at an annual rate of 7-1/4 percent. www.federalreserve.gov/releases/g19/current/g19.htm 

November 6, 2009 - Federal Reserve Bulletin: Legal Developments - Third Quarter, 2009 - The 2008 HMDA Data - Robert B. Avery, Neil Bhutta, Kenneth P. Brevoort, Glenn B. Canner, and Christa N. Gibbs - The data that mortgage lending institutions reported for 2008 under the Home Mortgage Disclosure Act of 1975 reflect the ongoing difficulties in the housing and mortgage markets.  www.federalreserve.gov/pubs/bulletin/default.htm 

November 6, 2009 - Ameris Bank, Moultrie, Georgia, Assumes All of the Deposits of United Security Bank, Sparta, Georgia - United Security Bank, Sparta, Georgia, was closed today by the Georgia Department of Banking and Finance, which appointed the Federal Deposit Insurance Corporation as receiver. To protect the depositors, the FDIC entered into a purchase and assumption agreement with Ameris Bank, Moultrie, Georgia, to assume all of the deposits of United Security Bank. www.fdic.gov/news/news/press/2009/pr09197.html 

November 5, 2009 - OCC Chief of Staff Delivers Remarks at the National Community Investment Fund's Annual Development Banking Conference - The Office of the Comptroller of the Currency's Chief of Staff and Public Affairs John G. Walsh delivered remarks today before attendees of the National Community Investment Fund's Annual Development Banking Conference in Chicago. www.occ.treas.gov/ftp/release/2009-136.htm  _________________________

November 5, 2009 - The Federal Reserve Board on Thursday announced the execution of a Written Agreement by and among Appalachian Bancshares, Inc., Ellijay, Georgia, the Federal Reserve Bank of Atlanta, and the State of Georgia, Department of Banking and Finance.   www.federalreserve.gov/newsevents/press/enforcement/20091105a.htm 

November 5, 2009 - The Federal Reserve Board on Thursday announced the execution of a Written Agreement by and among Hanmi Financial Corporation, a registered bank holding company, Hanmi Bank, a state chartered member bank, both of Los Angeles, California, and the Federal Reserve Bank of San Francisco. www.federalreserve.gov/newsevents/press/enforcement/20091105b.htm 

November 5, 2009 - The Federal Reserve Board on Thursday announced the execution of a Written Agreement by and among Citizens First State Bank of Walnut, Walnut, Illinois, a state member bank, the Federal Reserve Bank of Chicago, and the Illinois Department of Financial and Professional Regulation, Division of Banking, Springfield, Illinois. www.federalreserve.gov/newsevents/press/enforcement/20091105c.htm 

November 5, 2009 - The Federal Reserve Board on Thursday announced the execution of a Written Agreement by and between Desert Hills Capital Corp., Phoenix, Arizona, a registered bank holding company, and the Federal Reserve Bank of San Francisco. www.federalreserve.gov/newsevents/press/enforcement/20091105d.htm 

November 5, 2009 - 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 August 2009. www.fdic.gov/news/news/press/2009/pr09196.html 

November 5, 2009 - Scam and Eggs: A Seminar on Consumer Protection Comes to Collinsville, Ill. - The Federal Reserve Bank of St. Louis and the Federal Deposit Insurance Corp. will host a seminar that will provide an overview of the foreclosure crisis and increase awareness of consumer credit rights, mortgage fraud, foreclosure rescue schemes, and federal and state regulations. www.stlouisfed.org/newsroom/displayNews.cfm?article=549 

November 5, 2009 - Comptroller of the Currency Hosts Community Bank Directors Workshop in Tampa, Florida - The Office of the Comptroller of the Currency will host a workshop for national community bank directors in Tampa, Florida, at the Hyatt Regency, December 8, 2009. www.occ.treas.gov/ftp/release/2009-135.htm 

November 5, 2009 - Economics and Policy Working Paper - "The U.S. Financial System in 2011: How Will Sufficient Credit Be Provided?" by Susan Hickok and Daniel Nolle, uses Flow of Funds data to construct a bird's-eye view of what the credit-provision landscape might look like, particularly for banks, once the current financial system turmoil subsides. www.occ.treas.gov/ftp/workpaper/wp2009-6.pdf 

November 5, 2009 - Comptroller of the Currency Hosts Community Bank Directors Workshop in Tampa, Florida - The Office of the Comptroller of the Currency will host a workshop for national community bank directors in Tampa, Florida, at the Hyatt Regency, December 8, 2009. www.occ.treas.gov/ftp/release/2009-135.htm 

November 4, 2009 - The Federal Reserve Board on Wednesday announced the issuance of a consent Order of Assessment of a Civil Money Penalty against Farmers and Merchants Bank, Timberville, Virginia, a state member bank. Farmers and Merchants 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/20091104a.htm 

November 4, 2009 - The Federal Reserve Board on Wednesday announced the execution of a Written Agreement by and among Georgia Bancshares, Inc., Peachtree City, 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/20091104b.htm 

November 4, 2009 - The Federal Reserve Board on Wednesday announced the execution of a Written Agreement by and among Bankers' Bancorporation of Florida, Inc., a registered bank holding company, Independent Bankers' Bank of Florida, a state chartered member bank, both of Lake Mary, Florida, the Federal Reserve Bank of Atlanta, and the State of Florida, Office of Financial Regulation. www.federalreserve.gov/newsevents/press/enforcement/20091104c.htm 

November 4, 2009 - Information received since the Federal Open Market Committee met in September suggests that economic activity has continued to pick up. Conditions in financial markets were roughly unchanged, on balance, over the intermeeting period. Activity in the housing sector has increased over recent months. Household spending appears to be expanding but remains constrained by ongoing job losses, sluggish income growth, lower housing wealth, and tight credit.  www.federalreserve.gov/newsevents/press/monetary/20091104a.htm 

November 4, 2009 - Interest on Required Reserve Balances and Excess Balances Maintenance period ending November 4, 2009 - 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 

November 4, 2009 - Foreclosure Prevention Summit November 10, 2009 in New York City - The Office of Thrift Supervision is joining with the Department of Housing and Urban Development, NeighborWorks America, and the Center for New York City Neighborhoods to address prevention of avoidable home foreclosures. www.ots.treas.gov/?p=PressReleases&ContentRecord_id=bffc0af2-1e0b-8562-ebac-7d233a824b25&ContentType_id=4c12f337-b5b6-4c87-b45c-838958422bf3 

November 4, 2009 - NCUA Opens Community Development Revolving Loan Fund - The National Credit Union Administration (NCUA) opened the Community Development Revolving Loan Fund program today to provide 2009 funding. The application period begins November 4, 2009, and ends December 30, 2009. www.ncua.gov/news/press_releases/2009/MA09-1104.htm 

November 3, 2009 - The Federal Reserve Board on Tuesday announced the execution of a Written Agreement by and among Commerce Bancshares, Inc., Catoosa, Oklahoma, a registered bank holding company, Bank of Commerce, Chelsea, Oklahoma, a state chartered member bank, and the Federal Reserve Bank of Kansas City. www.federalreserve.gov/newsevents/press/enforcement/20091103a.htm 

November 3, 2009 - The Federal Reserve Board on Tuesday announced the execution of a Written Agreement by and among Merchants Bancorp, Gresham, 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/20091103c.htm 

November 3, 2009 - On November 2, 2009, the Federal Reserve conducted an auction of $25 billion in 70-day credit through its Term Auction Facility. Following are the results of the auction: www.federalreserve.gov/newsevents/press/monetary/20091103a.htm 

November 3, 2009 - The Federal Reserve Board on Tuesday announced the approval of fee schedules for payment services the Federal Reserve Banks provide to depository institutions, effective January 4, 2010. www.federalreserve.gov/newsevents/press/other/20091103a.htm 

November 3, 2009 - Determining Conformance With Interest Rate Restrictions for Less Than Well Capitalized Institutions - The FDIC Board approved a final rule on May 29, 2009, changing the way the FDIC administers its statutory restrictions on the deposit interest rates paid by banks that are less than well capitalized under Section 337.6 of the FDIC Rules and Regulations. www.fdic.gov/news/news/financial/2009/fil09062.html 

November 2, 2009 - Federal Reserve Bank of Kansas City Announces Officer Promotion.  www.kc.frb.org/pubaffrs/pressrel/2009pdf/press.release.09.26.pdf 

November 2, 2009 - On November 2, 2009, the Federal Reserve will offer $25 billion in 70-day credit through its Term Auction Facility. Additional information regarding the auction is listed below; the auction will be conducted as specified in this announcement, Regulation A, and the terms and conditions of the Term Auction Facility.   www.federalreserve.gov/newsevents/press/monetary/20091102a.htm

November 2, 2009 - Jon D. Greenlee, Associate Director, Division of Banking Supervision and Regulation - Residential and commercial real estate - Before the Subcommittee on Domestic Policy, Committee on Oversight and Government Reform, U.S. House of Representatives, Atlanta, Georgia.   www.federalreserve.gov/newsevents/testimony/greenlee20091102a.htm 

November 2, 2009 - Governor Daniel K. Tarullo - Incentive Compensation, Risk Management, and Safety and Soundness - At the University of Maryland's Robert H. Smith School of Business Roundtable: Executive Compensation: Practices and Reforms, Washington, D.C. www.federalreserve.gov/newsevents/speech/tarullo20091102a.htm 

November 2, 2009 - Legal Developments - Section 19 Letters, September 2 (2 letters), 4, 11 (3 letters), and 16, 2009.   www.federalreserve.gov/bankinforeg/legaldevelopments/ordersother2009.htm

November 2, 2009 - Foreign exchange rates - the table below shows the average rates of exchange in October 2009 together with comparable figures for other months. Averages are based on daily noon buying rates for cable transfers in New York city certified for customs purposes by the federal reserve bank of New York. www.federalreserve.gov/releases/g5/current/default.htm 

November 2, 2009 - NCUA - Registration Open for Member Business Lending Webinar - National Credit Union Administration Board Member Gigi Hyland will host a webinar on Wednesday, November 18, 2009 entitled "Member Business Lending: Regulators' Perspective." The webinar will begin at 1:00 p.m. EST and end at 2:30 p.m. EST. The webinar is free and open to the public. www.ncua.gov/news/press_releases/2009/MA09-1102.htm 

November 2, 2009 - NCUA - Corporate Credit Union Update - Normal operations continue without interruption at U.S. Central Federal Credit Union and Western Corporate Federal Credit Union. With continued financial assistance from NCUA, both WesCorp and U.S. Central have been effective in managing the seasonal liquidity pressures that occur during this time of the year. www.ncua.gov/news/press_releases/2009/MR09-1102.htm

November 2, 2009 - Creating Value in the Health Care System - Chicago Fed Letter looks at employers' role in improving health care cost, quality, and accessibility. www.chicagofed.org/publications/fedletter/cfldecember2009_269.pdf