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Bank Regulatory News

October 2004

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October 29, 2004 - NCUA - Matz Proposes Small Credit Union Initiative as Part of NCUA's 2005 Budget - Initiative would reallocate resources within staff-recommended budget limits www.ncua.gov/news/press_releases/2004/NR04-1029.htm 

October 29, 2004 - Vice Chairman Roger W. Ferguson, Jr. - Equilibrium Real Interest Rate: Theory and Application To the University of Connecticut School of Business Graduate Learning Center and the SS&C Technologies Financial Accelerator, Hartford, Connecticut www.federalreserve.gov/boarddocs/speeches/2004/20041029/default.htm 

October 29, 2004 - The Federal Reserve Board on Friday announced the execution of a Written Agreement by and between the County Bank, Merced, California and the Federal Reserve Bank of San Francisco www.federalreserve.gov/boarddocs/press/Enforcement/2004/20041029/default.htm 

October 29, 2004 - OCC Names Jeff Gillespie as Deputy Chief Counsel - The Office of the Comptroller of the Currency announced today the selection of James F. E. Gillespie as Deputy Chief Counsel. Mr. Gillespie succeeds Raymond Natter who recently retired from Federal service.

October 28, 2004 - The Federal Reserve Board on Thursday announced the publication of two new consumer guides that provide practical information on the changes resulting from technological advances in check processing. www.federalreserve.gov/boarddocs/press/other/2004/20041028/default.htm 

October 28, 2004 - The revised Comptroller's Handbook for Consumer Compliance page provides links to the OCC bulletins that update the examination procedures in the series' booklets. www.occ.treas.gov/handbook/compliance.htm 

October 27, 2004 - NCUA General Counsel Opinion 04-0311 - Permissibility of Item Processing Services Arrangement.   www.ncua.gov/RegulationsOpinionsLaws/opinion_letters/2004/04-0311.pdf 

October 27, 2004 - Risk Management for the Use of Free and Open Source Software - This bulletin announces that the FFIEC has released guidance on "Risk Management for the Use of Free and Open Source Software." It reviews the risks and controls associated with the use of free and open source software.

October 27, 2004 - Check Clearing for the 21st Century Act Final Amendments to the Federal Reserve Board's Regulation CC - The Federal Reserve Board has finalized amendments to Regulation CC that are necessary to implement the Check Clearing for the 21st Century Act. The Act becomes effective on October 28, 2004. www.fdic.gov/news/news/financial/2004/fil11604.html 

October 27, 2004 - Beige Book - Informal review by the Federal Reserve Banks of current economic conditions in their Districts.  www.federalreserve.gov/FOMC/BeigeBook/2004/20041027/Default.htm 

October 27, 2004 - The Federal Reserve Board on Wednesday announced the appointment of the chairmen and deputy chairmen of the twelve Federal Reserve Banks for 2005. www.federalreserve.gov/boarddocs/press/other/2004/20041027/default.htm 

October 27, 2004 - Comments Requested on Proposed Retail Credit Risk Guidance - The federal bank and thrift regulatory agencies announced today the publication of a joint Federal Register notice and request for comment on proposed guidance for Internal Ratings-Based Systems for Retail Credit Risk for Regulatory Capital.
Press Release: www.federalreserve.gov/boarddocs/press/bcreg/2004/20041027/default.htm 
Press Release: www.fdic.gov/news/news/press/2004/pr11004.html 
Press Release: www.ots.treas.gov/docs/7/77446.html 
Press Release: www.occ.treas.gov/scripts/newsrelease.aspx?JNR=1&Doc=9CK79BZX.xml 
Attachment: http://a257.g.akamaitech.net/7/257/2422/06jun20041800/edocket.access.gpo.gov/2004/pdf/04-23771.pdf 

October 26, 2004 - NCUA - Matz Shares Strategies to Reach New Members - Speech to CUNA Future Forum sets stage for PALS Workshop the next day.  www.ncua.gov/news/press_releases/2004/NR04-1026.htm 

October 26, 2004 - Vice Chairman Roger W. Ferguson, Jr. Factors Influencing Business Investment At the Greater Issues Series, The Citadel, Charleston, South Carolina.   www.federalreserve.gov/boarddocs/speeches/2004/20041026/default.htm 

October 23, 2004 - Governor Susan Schmidt Bies - The Federal Reserve System and the Economy At the American Association of Individual Investors Washington Chapter Meeting, Arlington, Virginia.  www.federalreserve.gov/boarddocs/speeches/2004/20041023/default.htm 
October 22, 2004 - NCUA Enhances SBA Lending Authority for Credit Unions - The National Credit Union Administration Board has issued final amendments to the agency's member business loan rule enabling credit unions subject to the rule to more fully participate in Small Business Administration guaranteed loan programs. www.ncua.gov/news/press_releases/2004/NR04-1022-2.htm 

October 22, 2004 - NCUA Chairman Proposes Improvements to Credit Union Capital Structure and RegFlex - In follow-up to the NCUA Summit on Credit Union Capital, Chairman JoAnn Johnson announced today three key areas NCUA should review to address capital concerns impacting credit unions. www.ncua.gov/news/press_releases/2004/NR04-1022.htm 

October 22, 2004 - The Federal Reserve Board on Friday announced final amendments to Regulation J, which governs Reserve Banks' collection of checks and other cash items. The final amendments ensure that Regulation J covers the entire range of check processing services that the Reserve Banks will offer after the Check Clearing for the 21st Century Act takes effect on October 28, 2004. www.federalreserve.gov/boarddocs/press/bcreg/2004/20041022/default.htm 

October 21, 2004 - NCUA - Report of Actions Taken at the October 21, 2004 NCUA Board Meeting www.ncua.gov/NCUABoard/board_reports/board_reports.html
October 21, 2004 -NCUA - Change in Official or Senior Executive Officer in Credit Unions that are Newly Chartered or Are in Troubled Condition - NCUA is amending its rule concerning the requirement that federally insured credit unions that are newly chartered or troubled file notice with NCUA before adding or replacing a board or committee member or employing or changing the duties of a senior executive officer. The amendments clarify the relationship between the prior notice provision and the commencement of service provision, so as to eliminate any potential confusion. In addition, the amendments reorganize the requirements in the current rule to make it easier to understand.

October 21, 2004 - Testing Simple Markov Structures for Credit Rating Transitions, Nicholas M. Kiefer and C. Erik Larson. - This paper applies a simple, time-homogeneous Markov model to changes in credit risk using data sets on municipal bonds, commercial paper, and sovereign debt. The authors find that the model adequately describes ratings transitions for as much as several years. www.occ.treas.gov/wp2004-3.htm 

October 21, 2004 - Governor Susan Schmidt Bies - Enterprise Perspectives in Financial Institution Supervision At the University of Connecticut School of Law, Connecticut Law Review Symposium, Hartford, Connecticut www.federalreserve.gov/boarddocs/speeches/2004/200410212/default.htm 

October 21, 2004 - Governor Ben S. Bernanke - Oil and the Economy At the Distinguished Lecture Series, Darton College, Albany, Georgia www.federalreserve.gov/boarddocs/speeches/2004/20041021/default.htm 

October 21, 2004 - The Federal Reserve Board on Thursday announced the execution of a Written Agreement by and among The Community State Bank, Poteau, Oklahoma; the Oklahoma State Banking Department, Oklahoma City, Oklahoma; and the Federal Reserve Bank of Kansas City. www.federalreserve.gov/boarddocs/press/Enforcement/2004/20041021/default.htm 

October 21, 2004 - The Federal Financial Institutions Examination Council has issued the attached guidance to help institutions identify and implement appropriate risk-management practices when using "free and open source software"
Press Release: www.fdic.gov/news/news/financial/2004/fil11404.html 
Press Release: www.ffiec.gov/press/pr102104.htm 
Press Release www.ots.treas.gov/docs/7/77445.html 
Press Release: www.ncua.gov/news/press_releases/2004/JR04-1021.pdf

October 20, 2004 - 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 September 15, 2004 through October 14, 2004. 

October20, 2004 - NCUA Holds Summit on Credit Union Capital - Credit union leaders from across the nation participated today in the NCUA's Summit on Credit Union Capital at the agency's headquarters. The forum covered issues relating to the impact of capital and prompt corrective action for natural person credit unions and capital issues relating to the corporate credit union system. www.ncua.gov/news/press_releases/2004/NR04-1019.htm 

October 19, 2004 - OCC Announces 24 Enforcement Actions and One Termination - The Office of the Comptroller of the Currency today announced 24 new enforcement actions taken against national banks and individuals currently and formerly affiliated with national banks and one termination of an existing enforcement action. www.occ.treas.gov/ftp/release/2004-97.htm 

October 19, 2004 - FFIEC Brochure with Information on Internet "Phishing" www.federalreserve.gov/boarddocs/srletters/2004/sr0414.htm 

October 19, 2004 - The Federal Reserve Board on Tuesday announced the execution of a Written Agreement by and between the Union Bank of California International, New York, New York and the Federal Reserve Bank of New York. www.federalreserve.gov/boarddocs/press/Enforcement/2004/20041019/default.htm 

October 19, 2004 - NCUA - The purpose of this regulatory alert is to inform credit union officials about The Check Clearing for the 21st Century Act, which becomes effective on October 28, 2004. www.ncua.gov/reg_alerts/2004/04-RA-12.pdf 

October 19, 2004 - Miscellaneous Memorandum 2004-4, "Sarbanes-Oxley Act Section 404 Attestations" - This memorandum provides additional guidance to examiners reviewing banks' compliance with section 404 of the Sarbanes-Oxley Act of 2002. Section 404 requires banks to issue a report asserting that their internal controls are effective. www.occ.treas.gov/ftp/mm/mm-2004-4.pdf 

October 19, 2004 - Chairman Alan Greenspan - The mortgage market and consumer debt At America's Community Bankers Annual Convention, Washington, D.C.

October 18, 2004 - FRB - Consumer Information - Choosing a Credit Card www.federalreserve.gov/pubs/shop/default.htm 

October 18, 2004 - Proposals for Comment - Proposal to approve the extension for three years, with revision, of the following reports: FR 28, FR 29a,b,c, and FR 1373a,b.  www.federalreserve.gov/generalinfo/foia/proposedregs.cfm 

October 18, 2004 - NCUA Board Member Debbie Matz will share credit unions' best practices from her Partnering and Leadership Successes initiative during a free webinar on Oct. 28 hosted by the California Credit Union League. www.ncua.gov/news/press_releases/2004/MA04-1018.htm 

October 18, 2004 - NCUA Chairman Johnson Says Credit Unions Adopting Underserved Areas Growing Membership 123% Faster Than National Average In 2004.

October 18, 2004 - Barry Wides Becomes Deputy Comptroller of the Currency for Community Affairs - The Office of the Comptroller of the Currency announced today that Barry Wides has been appointed Deputy Comptroller for Community Affairs. www.occ.treas.gov/scripts/newsrelease.aspx?Doc=PEDS5QZ.xml 

October 18, 2004 - Remarks by Donald E. Powell Chairman, Federal Deposit Insurance Corporation Before the America's Community Bankers Annual Convention Washington, D.C. www.fdic.gov/news/news/press/2004/pr10904.html 
October 15, 2004 - The Federal Reserve Board on Friday announced its approval of the application filed by Wachovia Corporation, Charlotte, North Carolina, to acquire SouthTrust Corporation and its subsidiary bank, SouthTrust Bank, both in Birmingham, Alabama.  www.federalreserve.gov/boarddocs/press/orders/2004/200410153/default.htm 

October 15, 2004 - The Federal Reserve Board on Friday announced its approval of the proposal filed by BNP Paribas, Paris, France, and BancWest Corporation, Honolulu, Hawaii, to acquire USDB Bancorp, Stockton, California.  www.federalreserve.gov/boarddocs/press/orders/2004/20041015/default.htm 

October 15, 1004 - The Federal Reserve Board on Friday announced its approval of the proposal filed by BNP Paribas, Paris, France, and BancWest Corporation, Honolulu, Hawaii, to acquire Community First Bankshares, Inc. Fargo, North Dakota.  www.federalreserve.gov/boarddocs/press/orders/2004/200410152/default.htm 

October 15, 2004 - Chairman Alan Greenspan - Oil - To the National Italian American Foundation, Washington, D.C. www.federalreserve.gov/boarddocs/speeches/2004/200410152/default.htm 

October 15, 2004 - Statistical Release - G.17 Industrial Production - Industrial production rose 0.1 percent in September after having edged down 0.1 percent in August. The production index was revised up slightly in June and July, but it is now estimated to have been slightly lower in August than previously reported. Manufacturing output declined 0.3 percent in September, and mining output dropped 2.3 percent. http://www.federalreserve.gov/releases/g17/current/default.htm 

October 15, 2004 - Governor Donald L. Kohn - How Should Policymakers Deal with Low-Probability, High-Impact Events? At the European Central Bank Conference on Monetary Policy and Imperfect Knowledge, Würzburg, Germany www.federalreserve.gov/boarddocs/speeches/2004/20041015/default.htm 

October 14, 2004 - FDIC Joins in Launch of Federal Financial Education Toolkit and Web Site - The FDIC has joined the U.S. Treasury Department and other federal departments and agencies in announcing the first major initiatives of the new Financial Literacy and Education Commission -- a financial education "toolkit" and a special Web site. www.fdic.gov/news/news/press/2004/pr10804.html 

October 14, 2004 - International Finance Discussion Papers 2004-820 - The Value of Financial Intermediaries: Empirical Evidence from Syndicated Loans to Emerging Market Borrowers Gregory P. Nini www.federalreserve.gov/pubs/ifdp/2004/820/ifdp820.pdf 

October 14, 2004 - The Federal Reserve Board on Thursday requested comment on a proposal for the Federal Reserve Banks to stop providing services to depository institutions for the collection of definitive municipal securities at the end of 2005. The proposal to exit this service is prompted by the declining volume of definitive municipal securities, the Reserve Banks' expected underrecovery of costs for providing the service in future years, and the availability of reasonable private-sector alternatives. www.federalreserve.gov/boarddocs/press/other/2004/200410142/default.htm 

October 14, 2004 - NCUA - Matz to Keynote Pennsylvania's Small Credit Union Conference - In the keynote address to the Pennsylvania Credit Union Association's Credit Union Development Conference, NCUA Board Member Debbie Matz will engage credit union officials in a discussion of ways that small credit unions can not only survive, but thrive in the future: www.ncua.gov/news/press_releases/2004/MA04-1014.htm 

October 14, 2004 - NCUA - In the keynote address to the Pennsylvania Credit Union Association's Credit Union Development Conference, NCUA Board Member Debbie Matz will engage credit union officials in a discussion of ways that small credit unions can not only survive, but thrive in the future.  http://www.ncua.gov/news/press_releases/2004/MA04-1014.htm

October 14, 2004 - Julie L. Williams became Acting Comptroller of the Currency today, succeeding John D. Hawke, Jr. who completed a five-year term of office Wednesday and served as Comptroller for nearly six years. www.occ.treas.gov/scripts/newsrelease.aspx?Doc=RXLTKNT.xml 

October 14, 2004 - Federal Bank, Thrift, and Credit Union Regulatory Agencies Provide Consumer Information on Avoiding Overdraft and Bounced-Check Fees - The federal bank, thrift, and credit union regulatory agencies today announced the publication of a new consumer resource, Protecting Yourself from Overdraft and Bounced-Check Fees.
Press Release: www.federalreserve.gov/boarddocs/press/other/2004/20041014/default.htm 
Press Release: www.fdic.gov/news/news/press/2004/pr10704.html 
Press Release: www.ots.treas.gov/docs/7/77444.html 
Press Release: www.ncua.gov/news/press_releases/2004/JR04-1014.pdf 
Press Release: www.occ.treas.gov/scripts/newsrelease.aspx?JNR=1&Doc=MQVC2MVF.xml 
Attachment: www.occ.treas.gov/ftp/release/2004-95a.pdf 

October 14, 2004 - Governor Ben S. Bernanke - International Monetary Reform and Capital Freedom At the Cato Institute 22nd Annual Monetary Conference, Washington, D.C. www.federalreserve.gov/boarddocs/speeches/2004/20041014/default.htm 

October 13, 2004 - FDIC Appeal Processes Guidelines for Appeals of Material Supervisory Determinations Guidelines for Appeals of Deposit Insurance Assessment Determinations - The FDIC has adopted revised Guidelines for Appeals of Material Supervisory Determinations, which govern appeals by FDIC-supervised institutions to the Supervision Appeals Review Committee, and Guidelines for Appeals of Deposit Insurance Assessment Determinations, which govern appeals by FDIC-insured institutions to the Assessment Appeals Committee. www.fdic.gov/news/news/financial/2004/fil11304.html 

October 13, 2004 - Civil money penalty against AmSouth Bank of Birmingham - The Financial Crimes Enforcement Network and the Board of Governors of the Federal Reserve System announced today that they have jointly assessed a $10 million civil money penalty against AmSouth Bank of Birmingham, Alabama for its violations of the Bank Secrecy Act. www.federalreserve.gov/boarddocs/press/Enforcement/2004/20041012/default.htm 

October 12, 2004 - NCUA - Largest PALS Workshop Inspires Credit Unions to Serve the Underserved - Board Member Matz, Senator Clinton thank CUs for their commitment.

October 12, 2004 - NCUA Holds 4th Annual Budget Briefing And Public Forum - Projected 2005 Agency Budget Reduced by 1.3% www.ncua.gov/news/press_releases/2004/NR04-1012.htm 

October 12, 2004 - Check Clearing for the 21st Century Compliance InfoBase Released by Federal Financial Institution Regulators - The Federal Financial Institutions Examination Council today announced the availability of an InfoBase for depository institutions that provides information on consumer compliance aspects of the Check Clearing for the 21st Century Act.
Press Release: www.ffiec.gov/press/pr101204.htm 
Press Release: www.ots.treas.gov/docs/7/77443.html 
October 8, 2004 - NCUA - U.S. Treasury Department to Launch National Financial Education Website and Hotline at the NCUA.  www.ncua.gov/news/press_releases/2004/NR04-1008.htm 

October 8, 2004 - NCUA - Matz, Senator Clinton and N.Y. Credit Unions to Meet in Rochester to Help Credit Unions Serve "Underserved" Consumers . - National Credit Union Administration Board Member Debbie Matz is bringing together Senator Hillary Rodham Clinton (D-N.Y.), Rochester community leader Jean Howard, and nearly 250 of the State's top credit union officials on Oct. 11 to discuss how credit unions can meet the needs of more New Yorkers who are not being served by other insured financial institutions. www.ncua.gov/news/press_releases/2004/NR04-1007.htm 

October 8, 2004 - Comment Letter Issued on the SEC's Proposed Broker Rules for Banks - The Federal Reserve Board, the Federal Deposit Insurance Corporation, and the Office of the Comptroller of the Currency filed a formal comment letter Friday with the Securities and Exchange Commission regarding the SEC's proposed Regulation B
Press Release: www.federalreserve.gov/boarddocs/press/bcreg/2004/20041008/default.htm 
Press Release: www.fdic.gov/news/news/press/2004/pr10604.html 
Press Release: www.occ.treas.gov/scripts/newsrelease.aspx?JNR=1&Doc=OOI58FO4.xml 
Attachment: www.occ.treas.gov/ftp/release/2004-93a.pdf 
Attachment http://www.occ.treas.gov/ftp/release/2004-93b.pdf 

October 8, 2004 - Third Quarter 2004 Edition of the FDIC's Letter to Stakeholders - The FDIC has issued its tenth Letter to Stakeholders, which reports on the FDIC's priorities and activities for the third quarter of 2004 www.fdic.gov/news/news/financial/2004/fil11204.html 

October 8, 2004 - Bank Fraud - FBI Announces Operation Continued Action Targeting Financial Institution Fraud The Federal Bureau of Investigation has published developments in a nationwide enforcement operation directed at organized groups and individuals engaged in financial institution fraud. www.fdic.gov/news/news/financial/2004/fil11104.html 

October 8, 2004 - Vice Chairman Roger W. Ferguson, Jr. - Panel discussion: Safeguarding Good Policy Practice through maintaining Flexibility To the Conference on Reflections on Monetary Policy 25 Years after October 1979, Federal Reserve Bank of St. Louis, St. Louis, Missouri www.federalreserve.gov/boarddocs/speeches/2004/200410082/default.htm 

October 8, 2004 - Governor Ben S. Bernanke - Panel discussion: What Have We Learned Since October 1979? To the Conference on Reflections on Monetary Policy 25 Years after October 1979, Federal Reserve Bank of St. Louis, St. Louis, Missouri www.federalreserve.gov/boarddocs/speeches/2004/20041008/default.htm 

October 8, 2004 - The Federal Reserve Board and the New York State Banking Department on Friday announced the execution of a Written Agreement by and among Standard Chartered plc, London, United Kingdom, its subsidiary bank, Standard Chartered Bank, London, United Kingdom, the bank's New York branch, the Federal Reserve Bank of New York, and the New York State Banking Department. www.federalreserve.gov/boarddocs/press/Enforcement/2004/20041008/default.htm 

October 7, 2004 - Deposit Insurance Publications Two New Deposit Insurance Publications Available in Spanish - The FDIC's two new deposit insurance brochures for bank customers are now available in a Spanish language version. These brochures are Insuring Your Deposits (Seguro Para Sus Depósitos) and Your Insured Deposits-FDIC's Guide to Deposit Insurance Coverage (Sus Depósitos Asegurados). www.fdic.gov/news/news/financial/2004/fil11004.html 

October 7, 2004 - FDIC Makes Public August Enforcement Actions; No Administrative Hearings Scheduled - The Federal Deposit Insurance Corporation today released a list of orders of administrative enforcement actions taken against banks and individuals in August. No administrative hearings are scheduled for October. www.fdic.gov/news/news/press/2004/pr10504.html 

October 7, 2004 - Statistical Release - G.19 Consumer Credit - Consumer credit decreased at a seasonally adjusted annual rate of about 1-1/2 percent in August, following a 6-1/2 percent increase in July. Revolving credit fell 5-1/2 percent while nonrevolving credit edged up. www.federalreserve.gov/Releases/G19/Current/default.htm 

October 7, 2004 - Chairman Alan Greenspan - Monetary policy twenty-five years after October 1979 To the Conference on Reflections on Monetary Policy Twenty-Five Years after October 1979, Federal Reserve Bank of St. Louis, St. Louis, Missouri.  www.federalreserve.gov/boarddocs/speeches/2004/200410073/default.htm 

October 7, 2004 - Governor Ben S. Bernanke - Central Bank Talk and Monetary Policy At the Japan Society Corporate Luncheon, New York, New York.   www.federalreserve.gov/boarddocs/speeches/2004/200410072/default.htm 

October 7, 2004 - Vice Chairman Roger W. Ferguson, Jr. - Free Trade: What Do Economists Really Know? At the Conference on Trade and the Future of American Workers, Washington, D.C. www.federalreserve.gov/boarddocs/speeches/2004/20041007/default.htm 

October 6, 2004 - Community Developments Newsletter Focuses on Using Technology to Reach the Unbanked - The Office of the Comptroller of the Currency today published the Fall 2004 edition of Community Developments newsletter highlighting efforts by banks in using technology to reach those Americans who do not have access to banking services.
Press Release: www.occ.treas.gov/scripts/newsrelease.aspx?Doc=IQ6B44D6.xml 
Attachment: www.occ.treas.gov/cdd/fall04index.html 

October 6, 2004 - St. Louis Fed's Poole: FOMC Transparency Sounds Easy, But Isn't - "It's hardly surprising that central bankers are more talkative today than they were just a decade or so ago, and more concerned about improving transparency and communication with the market."  www.stlouisfed.org/news/releases/2004/10_06_04.html 

October 6, 2004 - Remarks Prepared for Delivery by FDIC Chairman Don Powell National Bankers Association 77th Annual Convention Nashville, Tennessee www.fdic.gov/news/news/press/2004/pr10404.html 

October 6, 2004 - The Federal Reserve Board on Wednesday announced the annual indexing of the low reserve tranche and of the reserve requirement exemption amount for 2005. These amounts are used in the calculation of reserve requirements of depository institutions. www.federalreserve.gov/boarddocs/press/bcreg/2004/20041006/default.htm 

October 6, 2004 - Vice Chairman Roger W. Ferguson, Jr. - Questions and Reflections on the Personal Saving Rate To the National Bankers Association, Nashville, Tennessee.  www.federalreserve.gov/boarddocs/speeches/2004/20041006/default.htm 

October 5, 2004 - National Credit Union Administration Issues Prohibition Order - The National Credit Union Administration has issued an Order of Prohibition for Kissy Juliette Gaston, a former loan credit analyst with Boeing Employees Credit Union in Tukwila, Washington. www.ncua.gov/news/press_releases/2004/NR04-1005.htm 

October 5, 2004 - Part 32, Lending Limits - Final Rule: Extension of the Lending Limits Pilot Program.
Press release:  www.occ.treas.gov/ftp/bulletin/2004-46.txt 
Attachment:  http://www.occ.treas.gov/fr/fedregister/69fr51355.pdf

October 5, 2004 - Statistical Release - U.S. Reserve Assets; and Foreign Official Assets Held at Federal Reserve Banks.  www.federalreserve.gov/releases/bulletin/0904assets.htm 

October 5, 2004 - Chairman Alan Greenspan - Banking - At the American Bankers Association Annual Convention, New York, New York.  www.federalreserve.gov/boarddocs/speeches/2004/20041005/default.htm 

October 5, 2004 - FDIC Issues October List of Banks Examined For CRA Compliance - The Federal Deposit Insurance Corporation today issued its monthly list of state nonmember banks recently evaluated for compliance with the Community Reinvestment Act. The list covers evaluation ratings that the FDIC assigned to institutions in July 2004. www.fdic.gov/news/news/press/2004/pr10304.html 

October 4, 2004 - L. Clark Taylor, Jr. Appointed to St. Louis Fed's Louisville Branch Board - L. Clark Taylor, Jr., PhD, chief executive officer of Ephraim McDowell Health in Danville, Ky., has been appointed by the executive committee of the board of directors of the Federal Reserve Bank of St. Louis to fill the unexpired portion of a three-year term on the St. Louis Fed's Louisville Branch board. www.stlouisfed.org/news/releases/2004/10_04_04.html

October 4, 2004 - NCUA - Matz: Corporate Credit Unions Can Help All Credit Unions Grow Stronger in the Future - "Corporate credit unions can play an even greater role in helping their member credit unions grow stronger in the future," suggested NCUA Board Member Debbie Matz in the opening keynote address to the Association of Corporate Credit Unions. www.ncua.gov/news/press_releases/2004/NR04-1004.htm 

October 4, 2004 - OTS Signs International Information Sharing Agreement - The Office of Thrift Supervision announced today that it executed an agreement with the European Commission to enhance information sharing between OTS and international financial services supervisors within the European Union. www.ots.treas.gov/docs/7/77442.html 

October 4, 2004 - Comptroller Hawke Addresses ABA Convention - Comptroller of the Currency John D. Hawke, Jr. addressed the annual convention of the American Bankers Association today.
Press Release: www.occ.treas.gov/scripts/newsrelease.aspx?Doc=9F2UM94X.xml 
Attachment: www.occ.treas.gov/ftp/release/2004-91a.pdf 

October 4, 2004 - FDIC, Federal Banking Agencies and Treasury Enter Agreement to Strengthen BSA Compliance - The Federal Deposit Insurance Corporation announced today that it has partnered with the U.S. Department of the Treasury's Financial Crimes Enforcement Network and other federal banking regulators in a Memorandum of Understanding that will enhance information-sharing procedures between FinCEN and the regulatory agencies and strengthen compliance with the Bank Secrecy Act. www.fdic.gov/news/news/press/2004/pr10204.html 

October 4, 2004 - Remarks by FDIC Chairman Don Powell ABA Annual Convention New York, New York www.fdic.gov/news/news/press/2004/pr10104.html 

October 4, 2004 - Governor Ben S. Bernanke - The Implementation of Basel II: Some Issues for Cross-Border Banking At the Institute of International Bankers' Annual Breakfast Dialogue, Washington, D.C. www.federalreserve.gov/boarddocs/speeches/2004/20041004/default.htm 
October 1, 2004 - Electronic Consumer Disclosures and Notices - This advisory letter highlights issues that should be considered by national banks that provide electronic consumer disclosures. The failure to provide such electronic disclosures in a proper manner can expose the bank to significant compliance, transaction, and reputation risk. www.occ.treas.gov/ftp/advisory/2004-11.txt  

October 1, 2004 - FRB - Statistical Release - E.2 Survey of Terms of Business Lending www.federalreserve.gov/releases/e2/current/default.htm 

October 1, 2004 - The OCC's Customer Assistance Group is ready to help customers of national banks with questions or complaints they have about their financial institution. CAG's toll-free lines are open Monday through Thursday, 9 a.m. to 4 p.m., Central Time, and on Friday, from 9 a.m. to 3 p.m., CT. www.occ.treas.gov/customer.htm 

October 1, 2004 - FRB - Statistical Release - G.5 Foreign Exchange Rates www.federalreserve.gov/releases/g5/current/default.htm 

October 1, 2004 - Governor Susan Schmidt Bies - Developments in Financial Markets and Financial Management At the Bond Market Association's Regional Bond Traders and Sales Managers Roundtable, Irving, Texas.  www.federalreserve.gov/boarddocs/speeches/2004/20040930/default.htm 


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