Bank Regulatory News

November 2010

November 30, 2010 - NCUA Extends Comment Period on Corporate Rule Amendments - The National Credit Union Administration Board today, by notation vote, extended the comment period to January 28, 2011, on the proposed corporate rule amendments issued at the November 18th NCUA Board meeting.   www.ncua.gov/news/press_releases/2010/MA10-1130CommentPeriodExtendedCorpProposal.pdf   

November 30, 2010 - Quiz on Financial Scams Featured in Latest FDIC Newsletter for Consumers - Other timely topics include deposit insurance coverage and dealing with debt problems - Con artists are very good at tricking consumers into parting with money or divulging personal information that can be used to commit fraud.  www.fdic.gov/news/news/press/2010/pr10260.html 

November 30, 2010 - FDIC Issues First Quarter 2011 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 2011. www.fdic.gov/news/news/press/2010/pr10259.html 

November 30, 2010 - Federal Reserve announces college Fed Challenge winners.  www.federalreserve.gov/newsevents/press/other/20101130a.htm 

November 30, 2010 - The Federal Reserve Board on Tuesday released the minutes of its discount rate meetings on October 18 and November 1, 2010. www.federalreserve.gov/newsevents/press/monetary/20101130a.htm 

November 30, 2010 - Board issues enforcement actions with FCB Financial Corp., First South Bancorp, HarVest Bancorp, and Southport Financial Corporation.   www.federalreserve.gov/newsevents/press/enforcement/20101130a.htm

November 29, 2010 - NCUA - Credit Union Earnings Grow, Chargeoffs Slow Third Quarter Call Reports Indicate Higher Net Income; Flat Loan Demand; Stable Delinquencies; Yet Rising Member Bankruptcies.  www.ncua.gov/news/press_releases/2010/MA10-1129CreditUnionEarningsGrowCharge-offsSlow.pdf 

November 29, 2010 - New Reg Reform Site Tracks Dodd-Frank Rules from Start to Finish - The Federal Reserve Bank of St. Louis has launched a new web site feature to help the public easily track and comment on the rules being written as part of the implementation of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010. www.stlouisfed.org/newsroom/displayNews.cfm?article=828 

November 29, 2010 - Federal Reserve Bulletin - Legal Developments, Third Quarter 2010 - Five orders were issued in this quarter, one for China Investment Corporation, Premier Commerce Bancorp, Inc., and the Toronto-Dominion Bank under Section 3 of the Bank Holding Company Act, one for Metcalf Bank under the Bank Merger Act, and one for Banco Davivienda, S.A. under the International Banking Act. www.federalreserve.gov/pubs/bulletin/2010/pdf/legalq310.pdf 

November 29, 2010 - Regulatory Reform - Meetings with the public through November 29, 2010.  www.federalreserve.gov/newsevents/reform_meetings.htm

November 29, 2010 - Credit and Liquidity Programs and the Balance Sheet - Recent balance sheet trends, weekly chart data update.   www.federalreserve.gov/monetarypolicy/bst_recenttrends.htm 

November 26, 2010 - FDIC Makes Public October Enforcement Actions; No Administrative Hearings Scheduled for December 2010 - 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/2010/pr10258.html 
____________________

November 24, 2010 - FDIC Issues Final Guidance on Automated Overdraft Payment Programs - The Federal Deposit Insurance Corporation today issued final guidance to address the risks associated with overdraft payment programs. The guidance is intended to ensure robust oversight of automated overdraft programs offered by certain FDIC-insured institutions.
Press Release: www.fdic.gov/news/news/press/2010/pr10257.html 
Press Release: www.fdic.gov/news/news/financial/2010/fil10081.html

November 24, 2010 - Payment Systems - Quarterly data update, 2010:Q3.  www.federalreserve.gov/paymentsystems/default.htm 

November 24, 2010 - Credit and Liquidity Programs and the Balance Sheet - November 2010 Report.   www.federalreserve.gov/monetarypolicy/files/monthlyclbsreport201011.pdf 

November 23, 2010 - St. Louis Fed President James Bullard Will Speak at National Economists Club Event Dec. 2, 2010 - The U.S. Economic Situation and Recent Monetary Policy Developments.  www.stlouisfed.org/newsroom/displayNews.cfm?article=826 

November 23, 2010 - FDIC-Insured Institutions Earned $14.5 Billion in the Third Quarter of 2010, Up from $2 Billion a Year Ago - Lower Loan-Loss Provisions Were Key Factor in the Year-Over-Year Improvement - Commercial banks and savings institutions insured by the Federal Deposit Insurance Corporation (FDIC) reported an aggregate profit of $14.5 billion in the third quarter of 2010, a $12.5 billion improvement from the $2 billion the industry earned in the third quarter of 2009.  www.fdic.gov/news/news/press/2010/pr10256.html 

November 23, 2010 - Board issues corrected enforcement action with Community Capital Corporation and CapitalBank, Greenwood, South Carolina - The Written Agreement attached to the August 3, 2010 press release contained clerical errors. On November 23, 2010, it was replaced with the corrected version of the Written Agreement. It is attached. www.federalreserve.gov/newsevents/press/enforcement/20100803a.htm

November 23, 2010 - The Federal Reserve Board and the Federal Open Market Committee on Tuesday released the attached minutes of the Committee meeting held on November 2-3, 2010 and of the conference call held on October 15, 2010.   www.federalreserve.gov/newsevents/press/monetary/20101123a.htm 

November 23, 2010 - Board issues enforcement actions with America’s Community Bank, Cadence Financial Corporation, Orient Bancorporation and Bank of the Orient, and Viking Financial Services Corporation.  www.federalreserve.gov/newsevents/press/enforcement/20101123a.htm 

November 22, 2010 - Economic Activity Picked Up in October - Chicago Fed National Activity Index was -0.28 in October, up from -0.52 in September.   www.chicagofed.org/webpages/research/data/cfnai/current_data.cfm 

November 22, 2010 - NCUA - Constitution Corporate CUSO Purchased by Corporate America - Transaction Ensures Service Continuity, Protects Share Insurance Fund - The National Credit Union Administration today announced the acceptance of a purchase and assumption proposal submitted by Corporate America Credit Union of Birmingham, Alabama, for Smart Source Solutions, a wholly-owned credit union service organization of Constitution Corporate Federal Credit Union of South Wallingford, Connecticut. The CUSO will be transferred to Corporate America by the end of November. The transfer provides for the continuation of services to the CUSO’s customers and additionally provides a premium to the National Credit Union Share Insurance Fund.   www.ncua.gov/news/press_releases/2010/MR10-1122ConstitutionCorporateCUSOPurchasedFINAL.pdf 

November 22, 2010 - NCUA Issues Prohibition Orders - November 22, 2010, Alexandria, VA, – The National Credit Union Administration Board has issued orders prohibiting the following individuals from participating in the affairs of any federally insured financial institution.   www.ncua.gov/news/press_releases/2010/MR10-1122NCUAIssuesProhibitionOrders.pdf 

November 22, 2010 - NCUA Transferring Shares and Assets of Constitution Corporate FCU to Members United Bridge Corporate FCU - Former Constitution Members Will Receive Full Services The National Credit Union Administration today provided additional details regarding the November 30th liquidation of Constitution Corporate Federal Credit Union, of South Wallingford, Connecticut. As part of NCUA’s commitment that payment processing and other support for the members of Constitution continue uninterrupted, NCUA is transferring Constitution’s operations to Members United Bridge Corporate Federal Credit Union (Members United), a corporate credit union located in Warrenville, Illinois. Members United will assume Constitution’s members, shares, and business processes to ensure ongoing service to the credit unions and their consumer members. All Constitution term certificates will transfer to Members United at their same rate and maturity. New certificates will be issued under Members United’s current policies. www.ncua.gov/news/press_releases/2010/MR10-1122NCUATransferSharesAssetsConstitutionCorp.pdf 

November 22, 2010 - OCC Releases CRA Evaluations For 18 National Banks - WASHINGTON — 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, 2010 through November 14, 2010.   www.occ.gov/news-issuances/news-releases/2010/nr-occ-2010-134.html 

November 22, 2010 - Regulatory Reform - Meetings with the public through November 22, 2010 - The Federal Reserve Board will be involved in many rulemakings to implement the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010. During the rulemaking process, meetings will take place between the Board and the public--representatives of bank organizations, consumer groups, trade associations, researchers and academics--that allow the Board to gather information and help educate the public on matters subject to agency rulemaking.  www.federalreserve.gov/newsevents/reform_meetings.htm 

November 19, 2010 - First Michigan Bank, Troy, Michigan, Assumes All of the Deposits of First Banking Center, Burlington, Wisconsin - First Banking Center, Burlington, Wisconsin, was closed today by the Wisconsin 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 First Michigan Bank, Troy, Michigan, to assume all of the deposits of First Banking Center. www.fdic.gov/news/news/press/2010/pr10255.html

November 19, 2010 - NCUA Budget in Brief - The 2011 Budget of $225.4 million and 1,209 full-time equivalents is an increase of $24.5 million, or 12 percent over the prior year. This budget includes increases to accommodate normal inflationary adjustments as well as to ensure necessary enhancements to the agency’s safety and soundness mission. www.ncua.gov/news/press_releases/2010/MR10-1119NCUABudgetRelease.pdf 

November 19, 2010 - NCUA Liquidates Constitution Corporate Federal Credit Union - November 19, 2010, Alexandria, Va. -- NCUA has announced that on November 30, 2010, Constitution Corporate Federal Credit Union will be liquidated. Constitution was placed into conservatorship by the NCUA Board on September 24, 2010, as part of the agency’s overall corporate resolution efforts. www.ncua.gov/news/press_releases/2010/MR10-1119NCUALiquidatesConstitutionCorporateFCU.pdf 

November 19, 2010 - OCC Enforcement Actions - The Office of the Comptroller of the Currency (OCC) today released new enforcement actions taken against national banks and individuals currently and formerly affiliated with national banks. www.occ.gov/news-issuances/news-releases/2010/nr-occ-2010-133.html 

November 19, 2010 - VIST Bank, Wyomissing, Pennsylvania, Assumes All of the Deposits of Allegiance Bank of North America, Bala Cynwyd, Pennsylvania - Allegiance Bank of North America, Bala Cynwyd, Pennsylvania, was closed today by the Secretary of the Pennsylvania Department of Banking, which appointed the Federal Deposit Insurance Corporation as receiver. To protect the depositors, the FDIC entered into a purchase and assumption agreement with VIST Bank, Wyomissing, Pennsylvania, to assume all of the deposits of Allegiance Bank of North America. www.fdic.gov/news/news/press/2010/pr10254.html 

November 19, 2010 - Statistical Release - Charge-Off and Delinquency Rates on Loans at Commercial Banks.  www.federalreserve.gov/releases/chargeoff/ 

November 19, 2010 - Centennial Bank, Conway, Arkansas, Assumes All of the Deposits of Gulf State Community Bank, Carrabelle, Florida - Gulf State Community Bank, Carrabelle, Florida, was closed today by the Florida Office of Financial Regulation, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. To protect the depositors, the FDIC entered into a purchase and assumption agreement with Centennial Bank, Conway, Arkansas, to assume all of the deposits of Gulf State Community Bank. http://www.fdic.gov/news/news/press/2010/pr10253.html 

November 19, 2010 - The Federal Reserve Board on Friday announced its approval of the proposal by Centennial Bank, Conway, Arkansas, to acquire assets and assume liabilities of Gulf State Community Bank, Carrabelle, Florida. www.federalreserve.gov/newsevents/press/orders/20101119a.htm 

November 18, 2010 - Chairman Ben S. Bernanke- Emerging from the Crisis: Where Do We Stand? - At the Sixth European Central Bank Central Banking Conference, Frankfurt, Germany. www.federalreserve.gov/newsevents/speech/bernanke20101119b.htm

November 18, 2010 - Chairman Ben S. Bernanke - Rebalancing the Global Recovery - At the Sixth European Central Bank Central Banking Conference, Frankfurt, Germany www.federalreserve.gov/newsevents/speech/bernanke20101119a.htm   

Apology - We had the wrong year (2009) on the articles last week.  We greatly apologize for this oversight.  For those of you that contacted us - thanks.
____________________________

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.  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. 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.  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 
____________________

November 10, 2010 - Assessments Notice of Proposed Rulemaking - On November 9, 2010, the FDIC adopted the attached Notice of Proposed Rulemaking, which would define the assessment base as "average consolidated total assets minus average tangible equity," as required by the Dodd-Frank Wall Street Reform and Consumer Protection Act;   www.fdic.gov/news/news/financial/2010/fil10078.html

November 10, 2010 - Assessments Notice of Proposed Rulemaking - On November 9, 2010, the FDIC adopted the attached Notice of Proposed Rulemaking, which would revise the risk-based assessment system for all large insured depository institutions generally, those institutions with at least $10 billion in total assets. www.fdic.gov/news/news/financial/2010/fil10077.html 

November 10, 2010 - Correction - Board issues corrected enforcement action with Cecil Bancorp, Inc., and Cecil Bank, Elkton, Maryland.   www.federalreserve.gov/newsevents/press/enforcement/20100702a.htm 

November 10, 2010 - A new online resource from the Federal Reserve provides practical answers to questions about credit reports, credit scores, and the importance of protecting personal credit histories. The Consumer's Guide to Credit Reports and Credit Scores describes the content of a credit report, explains how a credit score is used, and discusses the role of credit bureaus in collecting and disseminating this information. www.federalreserve.gov/newsevents/press/other/20101110a.htm 

November 10, 2010 - U.S. DEPARTMENT OF EDUCATION, FDIC AND NCUA ANNOUNCE PARTNERSHIP TO INCREASE YOUTH FINANCIAL LITERACY AND SCHOOL SAVINGS PROGRAMS - Officials challenge financial institutions, schools, and stakeholders to work together to help students and families save for college, develop smart money habits.  www.ncua.gov/news/press_releases/2010/JR10-1110MatzFDIC-NCUA-PartnerYouthFinancialLiteracy.pdf 

November 9, 2010 - Why Aren't Banks Lending More? - Chicago Fed Letter explains the role of banks' pre-crisis exposure to commercial real estate, one of the worst-hit sectors of the financial crisis. www.chicagofed.org/digital_assets/publications/chicago_fed_letter/2010/cfldecember2010_281.pdf 

November 9, 2010 - FDIC Board Proposes Implementation of Dodd-Frank Assessment Changes and a Revised Assessment System for Large Institutions - The Board of Directors of the Federal Deposit Insurance Corporation today approved two proposed rules that would amend the deposit insurance assessment regulations.  www.fdic.gov/news/news/press/2010/pr10248.html 

November 9, 2010 - FDIC Approves Temporary Unlimited Deposit Insurance Coverage for Noninterest-Bearing Transaction Accounts - The Board of Directors of the Federal Deposit Insurance Corporation today approved a final rule to implement section 343 of the Dodd-Frank Wall Street Reform and Consumer Protection Act . Section 343 provides temporary unlimited coverage for noninterest-bearing transaction accounts.  www.fdic.gov/news/news/press/2010/pr10247.html

November 9, 2010 - FDIC Advisory Committee to Address Children's Savings and Underserved Consumer Studies - The FDIC Advisory Committee on Economic Inclusion will meet on Tuesday, November 16, to discuss children's savings programs and recent studies of underserved consumers. The meeting will be open to the general public and the media. www.fdic.gov/news/news/press/2010/pr10246.html

November 9, 2010 - Board issues enforcement actions with Bank of Choice Holding Company, Cascade Financial Corporation, and Crete Bancorporation, Inc.   www.federalreserve.gov/newsevents/press/enforcement/20101109a.htm

November 8, 2010 - Educational Attainment and Household Location: The Case of Chicago’s Lakefront - William A. Testa William Sander - The authors focus on the relationship between being a college graduate (that is, having a bachelor’s degree or higher) and household location in the city of Chicago’s lakefront neighborhoods, other parts of the city, and the suburbs in Illinois.    www.chicagofed.org/digital_assets/publications/economic_perspectives/2010/4qtr2010_part2_testa_sander.pdf 

November 8, 2010 - The Asset-Backed Securities Markets, the Crisis, and TALF - Sumit Agarwal Jacqueline Barrett Crystal Cun Mariacristina De Nardi - The authors explain the role of asset-backed securities markets in generating credit and liquidity and how this role was disrupted during the financial crisis. www.chicagofed.org/digital_assets/publications/economic_perspectives/2010/4qtr2010_part1_agarwal_barrett_cun_denardi.pdf 

November 8, 2010 - St. Louis Fed President Bullard Discusses “QE2 in Five Easy Pieces” - In remarks Monday titled “QE2 in Five Easy Pieces” at a meeting of the New York Society of Security Analysts, St. Louis Fed President James Bullard discussed his perspective on the most recent Federal Open Market Committee policy decision to pursue additional quantitative easing. www.stlouisfed.org/newsroom/displayNews.cfm?article=807

November 8, 2010 - Inflation Persistence, Backward-Looking Firms, and Monetary Policy in an Input-Output Economy - Brad E. Strum - This paper studies the implications of inflation persistence (generated by backward-looking price setters) for monetary policy in a New Keynesian "input-output" model--a model with sticky prices in both intermediate and final goods sectors.  www.federalreserve.gov/pubs/feds/2010/201055/index.html 

November 8, 2010 - Surveys and Reports - October 2010 Senior Loan Officer Opinion Survey - The October 2010 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/201011/Default.htm 

November 8, 2010 - Governor Kevin Warsh - Rejecting the Requiem - At the Securities Industry and Financial Markets Association, New York, New York.   www.federalreserve.gov/newsevents/speech/warsh20101108a.htm 

November 5, 2010 - Grandpoint Bank, Los Angeles, California, Assumes All of the Deposits of First Vietnamese American Bank, Westminster, California - First Vietnamese American Bank, Westminster, 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 Grandpoint Bank, Los Angeles, California, to assume all of the deposits of First Vietnamese American Bank. www.fdic.gov/news/news/press/2010/pr10245.html 

November 5, 2010 - Heritage Bank, Olympia, Washington, Assumes All of the Deposits of Pierce Commercial Bank, Tacoma, Washington - Pierce Commercial Bank, Tacoma, Washington, was closed today by the Washington Department of Financial Institutions, which appointed the Federal Deposit Insurance Corporation as receiver. To protect the depositors, the FDIC entered into a purchase and assumption agreement with Heritage Bank, Olympia, Washington, to assume all of the deposits of Pierce Commercial Bank. www.fdic.gov/news/news/press/2010/pr10244.html 

November 5, 2010 - First California Bank, Westlake Village, California, Assumes All of the Deposits of Western Commercial Bank, Woodland Hills, California - Western Commercial Bank, Woodland Hills, 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 First California Bank, Westlake Village, California, to assume all of the deposits of Western Commercial Bank. www.fdic.gov/news/news/press/2010/pr10243.html

November 5, 2010 - Manufacturers and Traders Trust Company (M&T Bank), Buffalo, New York, Assumes All of the Deposits of K Bank, Randallstown, Maryland - K Bank, Randallstown, Maryland, was closed today by the Maryland 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 Manufacturers and Traders Trust Company, Buffalo, New York, to assume all of the deposits of K Bank, except certain brokered deposits. Brokered deposit customers should contact their brokers directly about the status of their accounts. www.fdic.gov/news/news/press/2010/pr10242.html 

November 5, 2010 - FDIC Issues List of Banks Examined for CRA Compliance - The Federal Deposit Insurance Corporation today issued its list of state nonmember banks recently evaluated for compliance with the Community Reinvestment Act (CRA).  www.fdic.gov/news/news/press/2010/pr10241.html 

November 5, 2010 - Credit and Liquidity Programs and the Balance Sheet -Recent balance sheet trends, weekly chart data update.   www.federalreserve.gov/monetarypolicy/bst_frliabilities.htm
_________________

November 4, 2010 - The Asset-Backed Securities Markets, the Crisis, and TALF - Economic Perspectives explains the role of asset-backed securities markets in generating credit and liquidity and how this role was disrupted during the financial crisis. www.chicagofed.org/webpages/publications/economic_perspectives/index.cfm

November 4, 2010 - Educational Attainment’s Role in Household Location - Economic Perspectives explores relationship between being a college graduate and household location in the city of Chicago’s lakefront neighborhoods, other parts of the city, and the suburbs in Illinois.  www.chicagofed.org/webpages/publications/economic_perspectives/index.cfm  

November 4, 2010 - The Federal Reserve Board on Thursday established the Office of Financial Stability Policy and Research and appointed Board economist J. Nellie Liang as its director. www.federalreserve.gov/newsevents/press/other/20101104a.htm 

November 4, 2010 - Board issues enforcement actions with 1st Brookfield and Hometown of Homestead Banking Company.   www.federalreserve.gov/newsevents/press/enforcement/20101104a.htm 

November 3, 2010 - Timothy Ward Named Deputy Comptroller for Thrift Supervision - The Office of the Comptroller of the Currency announced today that Timothy Ward has been designated as the Deputy Comptroller for Thrift Supervision. www.occ.gov/news-issuances/news-releases/2010/nr-occ-2010-130.html

November 3, 2010 - Fair Lending Teleconference on Fair Lending Issues - FDIC Fair Lending Examination Specialists will host a Fair Lending Teleconference on Tuesday, November 16, 2010. This call will discuss how the FDIC reviews institutions flagged for disparities based on the Corporation's analysis of Home Mortgage Disclosure Act data.  www.fdic.gov/news/news/financial/2010/fil10074.html 

November 3, 2010 - The Federal Reserve Banks pay interest on required reserve balances--balances held at Reserve Banks to satisfy reserve requirements--and on excess balances--balances held in excess of required reserve balances and contractual clearing balances.  www.federalreserve.gov/monetarypolicy/reqresbalances.htm

November 3, 2010 - Proposals for Comments - Interagency proposal to extend, with revision, the Consolidated Reports of Condition and Income.   www.federalreserve.gov/generalinfo/foia/ProposedRegs.cfm 

November 3, 2010 - Information received since the Federal Open Market Committee met in September confirms that the pace of recovery in output and employment continues to be slow. Household spending is increasing gradually, but remains constrained by high unemployment, modest income growth, lower housing wealth, and tight credit.  www.federalreserve.gov/newsevents/press/monetary/20101103a.htm 

November 2, 2010 - St. Louis Fed to Host Nov. 10 Dialogue on Community Development Finance - The Federal Reserve Bank of St. Louis will host "Tapping New Sources and Exploring New Models for Community Development Finance" on Wednesday, Nov. 10, 2010, as part of its "New Voices: Fresh Ideas" public policy dialogue series. www.stlouisfed.org/newsroom/displayNews.cfm?article=802 

November 2, 2010 - FDIC Announces Retirement of FDIC Director of Resolutions and Receiverships Mitchell L. Glassman - The Federal Deposit Insurance Corporation today announced the retirement of Mitchell L. Glassman, who has served in the key position of Director of the Division of Resolutions and Receiverships (DRR) since January 2000. Mr. Glassman will conclude his more than 35-year career with the FDIC on December 3, 2010 www.fdic.gov/news/news/press/2010/pr10240.html 

November 2, 2010 - Proposal for Comment - Agency Information Collections.  www.federalreserve.gov/generalinfo/foia/proposedregs.cfm#ICP-201016 

November 2, 2010 - FRB Board issues enforcement action with Northern California Bancorp.   www.federalreserve.gov/newsevents/press/enforcement/20101102a.htm 

November 1, 2010 - NCUA -Agenda Released for Indirect Lending Webinar - National Credit Union Administration Board Member Gigi Hyland will host a webinar on Tuesday, November 9, 2010 entitled “Indirect Lending: Balancing the Risks and Rewards.” The webinar will begin at 2:00 p.m. EST and end at 3:30 p.m. EST. The webinar will be free and open to the public. www.ncua.gov/news/press_releases/2010/MA10-1101AgendaIndirectLendingWebinar.pdf 

November 1, 2010 - Regulatory Reform - Meetings and discussions with the public through November 1, 2010 - The Federal Reserve Board will be involved in many rulemakings to implement the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010.   www.federalreserve.gov/newsevents/reform_meetings.htm

November 1, 2010 - The Federal Reserve Board on Monday announced the approval of fee schedules, effective January 3, 2011, for payment services the Federal Reserve Banks provide to depository institutions. The Board has also approved maintaining the current earnings credit rate on clearing balances. www.federalreserve.gov/newsevents/press/other/20101101a.htm

October 29, 2010 - Booklet on Mortgage Outreach - and Research Efforts Now Online - New publication, called "Addressing the Impact of the Foreclosure Crisis," offers information on a wide range of Federal Reserve initiatives. www.chicagofed.org/digital_assets/others/in_focus/foreclosure_resource_center/more_report_final.pdf 

October 29, 2010 - St. Louis Fed President James Bullard Will Moderate Discussions on the History of the Federal Reserve - Moderator, Session 4 - From Passage of the Act (1913) until the Treasury Accord (1951) - Moderator, Session 5 - From the Accord (1951) until the End of Monetary Targeting (1982).   www.stlouisfed.org/newsroom/displayNews.cfm?article=800 

October 29, 2010 - St. Louis Fed President James Bullard Will Speak at NYSSA's High Profile Speaker Series Event - Monetary Policy and Inflation Outcomes in the United States.  www.stlouisfed.org/newsroom/displayNews.cfm?article=801 

October 29, 2010 - FDIC Releases Updated Money Smart Curriculum for Adults - The FDIC today announced the release of an enhanced version of its instructor-led Money Smart financial education curriculum for adults. www.fdic.gov/news/news/press/2010/pr10239.html 

October 29, 2010 - FDIC Makes Public September Enforcement Actions; No Administrative Hearings Scheduled for November 2010 - The Federal Deposit Insurance Corporation today released a list of orders of administrative enforcement actions taken against banks and individuals in September. No administrative hearings are scheduled. www.fdic.gov/news/news/press/2010/pr10238.html 

October 29, 2010 - Financial Integration, Entrepreneurial Risk and Global Dynamics - Vasia Panousi and George-Marios Angeletos - How does financial integration impact capital accumulation, current-account dynamics, and cross-country inequality?  www.federalreserve.gov/pubs/feds/2010/201054/index.html

October 29, 2010 - Mortgage Contract Choice in Subprime Mortgage Markets - Gregory Elliehausen and Min Hwang - The boom in the subprime mortgage market yielded many loans with high LTV ratios. From a large proprietary database on subprime mortgages, we find that choice of mortgage rate type is not linear in loan sizes.  www.federalreserve.gov/pubs/feds/2010/201053/index.html 

October 29, 2010 - Credit and Liquidity Programs and the Balance Sheet - Recent balance sheet trends, weekly chart data update.   www.federalreserve.gov/monetarypolicy/bst_recenttrends.htm