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.
www.occ.treas.gov/scripts/newsrelease.aspx?Doc=4FQWNHHQ.xml
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.
www.occ.treas.gov/ftp/bulletin/2004-47.txt
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.
www.ncua.gov/RegulationsOpinionsLaws/RecentFinalRegs/F-701-14.pdf
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.
www.occ.treas.gov/scripts/newsrelease.aspx?Doc=NS2VYKQO.xml
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.
www.federalreserve.gov/boarddocs/speeches/2004/20041019/default.htm
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.
www.ncua.gov/news/press_releases/2004/NR04-1014.htm
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.
www.ncua.gov/news/press_releases/2004/NR04-1012-2.htm
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 |
