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R. Kinney Williams
Yennik, Inc.

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Bank Regulatory News

October 2006

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October 31, 2006 - Financial Crimes Enforcement Network, Federal Deposit Insurance Corporation, and New York State Banking Department Assess Civil Money Penalty Against Israel Discount Bank of New York - The Financial Crimes Enforcement Network, Federal Deposit Insurance Corporation, and the New York State Banking Department today announced the assessment of civil money penalties of $12 million against Israel Discount Bank of New York for violations of federal and state anti-money laundering laws and regulations. This is in addition to the $8.5 million already paid to the New York District Attorney's Office pursuant to an agreement reached with the bank in December 2005. Israel Discount Bank of New York, without admitting or denying the allegations, consented to payment of the civil money penalties. www.fdic.gov/news/news/press/2006/pr06098.html 

October 30, 2006 - Sandra L. Thompson Appointed Director of the Division of Supervision and Consumer Protection; Spoth and Lane to Assume New Responsibilities in DSC Realignment - FDIC Chairman Sheila C. Bair announced today that Sandra L. Thompson has been named Director of the Federal Deposit Insurance Corporation's Division of Supervision and Consumer Protection (DSC). In addition, Christopher J. Spoth has been named Senior Deputy Director, Supervisory Examinations; and John Lane will assume leadership of a newly created unit dedicated to large, complex financial institution.  www.fdic.gov/news/news/press/2006/pr06097.html 

October 30, 2006 - The October 2006 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. Special questions in the survey queried banks about the extent to which the recent strength in commercial and industrial lending reflected a surge in loans to fund merger and acquisition activity. www.federalreserve.gov/boarddocs/snloansurvey/200610/default.htm 

October 27, 2006 - The Federal Reserve Board on Friday announced the termination of the enforcement actions J.P. Morgan Chase & Co., New York, N.Y. and Prineville Bancorporation and Community First Bank, Prineville, Ore. www.federalreserve.gov/boarddocs/press/Enforcement/2006/20061027/default.htm 

October 25, 2006 - FRB Reports to the Congress - The Use and Counterfeiting of United States Currency Abroad, Part 3.   www.federalreserve.gov/boarddocs/rptcongress/counterfeit/counterfeit2006.pdf 

October 25, 2006 - Treasury, Federal Reserve and Secret Service Issue Report on High Use, Low Counterfeiting of U.S. Currency Abroad - The Treasury Department, the Federal Reserve Board and the U.S. Secret Service issued their third collaborative report today on the use and counterfeiting of U.S. currency abroad. www.federalreserve.gov/boarddocs/press/other/2006/20061025/default.htm 

October 25, 2006 - The Federal Open Market Committee decided today to keep its target for the federal funds rate at 5-1/4 percent. www.federalreserve.gov/boarddocs/press/monetary/2006/20061025/default.htm 

October 25, 2006 - Jesse O. Villarreal, Jr., Appointed Chief of Staff to FDIC Chairman Sheila Bair -FDIC Chairman Sheila C. Bair today announced the appointment of Jesse O. Villarreal, Jr., as her Chief of Staff, effective October 24, 2006. As Chief of Staff, Mr. Villarreal will oversee all of the day-to-day operations of the Chairman's office. www.fdic.gov/news/news/press/2006/pr06096.html 

October 24, 2006 - Mark Levonian Named Senior Deputy Comptroller For International and Economic Affairs - Mark Levonian has been named Senior Deputy Comptroller for International and Economic Affairs, replacing Jeffrey A. Brown, who is retiring from government service. www.occ.treas.gov/toolkit/newsrelease.aspx?Doc=T99VF88O.xml 

October 24, 2006 - Legislation Takes Effect to Raise Limit on Community Development Investments - The Office of Comptroller of the Currency has advised national banks that they can begin taking advantage of increased limits for public welfare investments. www.occ.treas.gov/toolkit/newsrelease.aspx?Doc=Q1TC43T.xml 

October 24, 2006 - Statistical Supplement to the Federal Reserve Bulletin - September 2006.  www.federalreserve.gov/pubs/supplement/2006/09/ 

October 24, 2006 - Federal Reserve Bulletin Article - Financial Services Used by Small Businesses: Evidence from the 2003 Survey of Small Business Finances.  www.federalreserve.gov/pubs/bulletin/2006/smallbusiness/smallbusiness.pdf 

October 24, 2006 - Assessing Structural VARs - Lawrence J. Christiano Martin Eichenbaum Robert Vigfusson - This paper analyzes the quality of VAR-based procedures for estimating the response of the economy to a shock. We focus on two key issues. First, do VAR-based confidence intervals accurately reflect the actual degree of sampling uncertainty associated with impulse response functions? Second, what is the size of bias relative to confidence intervals, and how do coverage rates of confidence intervals compare with their nominal size? www.federalreserve.gov/pubs/ifdp/2006/866/ifdp866.pdf 

October 23, 2006 - NCUA - Letter to Credit Unions 06-CU-17 - Recently Enacted Regulatory Relief Legislation.  www.ncua.gov/letters/2006/CU/06-CU-17.pdf 

October 23, 2006 - Public Welfare Investments - Increase in Investment Limits - On October 13, 2006, the Financial Services Regulatory Relief Act of 2006 (act)1 was enacted. The legislation both changed and enhanced the authority for national banks to make public welfare investments under 12 USC 24 (Eleventh) [section 24 (Eleventh)]. www.occ.treas.gov/ftp/bulletin/2006-44.html  

October 20, 2006 - OCC Releases CRA Evaluations For 25 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, 2006 through October 14, 2006. The list contains only national banks and insured federal branches of foreign banks that have received ratings. www.occ.treas.gov/toolkit/newsrelease.aspx?Doc=DHE67POM.xml 

October 20, 2006 - NCUA - Final Rule for Part 748 - Filing Requirements for Suspicious Activity Report.   www.ncua.gov/RegulationsOpinionsLaws/RecentFinalRegs/F-748C.pdf 

October 20, 2006 - Deposit Insurance Coverage - New Deposit Insurance Publications Now Available in Korean and Chinese - The following updated deposit insurance resources are now available in Korean and Chinese: Insuring Your Deposits, a consumer brochure that provides a basic overview of FDIC deposit insurance coverage, and Your Insured Deposits, a consumer brochure that provides a comprehensive explanation of the FDIC's deposit insurance coverage rules. Both publications have been revised to reflect the increase in FDIC insurance coverage to $250,000 for certain retirement accounts, which took effect on April 1, 2006. www.fdic.gov/news/news/financial/2006/fil06094.html 

October 19, 2006 - NCUA - Interim Final Rule for Part 701- General Lending Maturity Limit and Other Financial Services.  www.ncua.gov/RegulationsOpinionsLaws/proposed_regs/IFR-701.pdf 

October 19, 2006 - FDIC to Hold Identity Theft Symposium in Miami Beach - Latest in Series of Conferences to Build Consumer Confidence in an E-Commerce World - The Federal Deposit Insurance Corporation has announced the agenda for its next symposium on the importance of consumer confidence in e-commerce, to be held October 25 in Miami Beach, Florida, at the Miami Beach Resort. The half-day meeting will bring together experts from government and the private sector to discuss ways to combat online identity theft and help maintain public confidence in e-commerce. www.fdic.gov/news/news/press/2006/pr06095.html 

October 19, 2006 - Statistical Release - U.S. Reserve Assets; Foreign Official Assets Held at Federal Reserve Banks www.federalreserve.gov/Releases/bulletin/0906assets.htm 

October 19, 2006 - Requirements and Prospects for a New Time to Payoff Disclosure for Open End Credit Under Truth in Lending - Thomas A. Durkin - The Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 (Public Law 109-8, April 2005) made significant changes to procedures for managing consumer bankruptcy petitions, but it also included amendments to the Truth in Lending Act. Notable among the Truth in Lending changes is a section providing for new disclosures on the length of time it will take consumers to repay open end credit accounts in full if they make only the minimum required payments. www.federalreserve.gov/pubs/feds/2006/200634/index.html 

October 19, 2006 - The Relocation Decisions of Working Couples - Jonathan F. Pingle - Most prime-age married couples in the U.S. today have two labor force participants. Migration decisions are more complicated for two-earner couples than for one-earner couples because any gain from moving that accrues to one spouse must be great enough to offset any loss to the other spouse. www.federalreserve.gov/pubs/feds/2006/200633/index.html 

October 19, 2006 - What Do Financial Asset Prices Say About the Housing Market? - This paper examines the first three moments of investors' expectations for the housing sector. That is, first, what do financial markets imply about expected future home prices? Second, how much confidence do investors have in their forecast? And, third, do market participants see more downside than upside risk? www.federalreserve.gov/pubs/feds/2006/200632/index.html 

October 19, 2006 - Why are Plant Deaths Countercyclical: Reallocation Timing or Fragility? - Because plant deaths destroy specific capital with large local economic impacts and potentially important macroeconomic effects, understanding the causes of deaths and, in particular, why they are concentrated in cyclical downturns, is important. The reallocation-timing hypothesis posits that plants suffering adverse permanent demand/productivity shocks delay shutdowns until cyclical downturns when plant capacity is less valuable, while the fragility hypothesis posits that shutdowns occur in downturns because the option value of maintaining the plant through weak demand periods is too low. www.federalreserve.gov/pubs/feds/2006/200631/index.html 

October 18, 2006 - Deposit Insurance Assessments Final Rule on One-Time Assessment Credit - The FDIC Board of Directors has approved the attached final rule to implement the One-Time Assessment Credit, as required by the Federal Deposit Insurance Reform Act of 2005. Under the final rule, eligible institutions will share in an aggregated one-time deposit insurance assessment credit of $4,707,580,238.19. The final rule takes effect on November 17, 2006. www.fdic.gov/news/news/financial/2006/fil06093.html 

October 18, 2006 - Deposit Insurance Assessments Final Rule on Assessment Dividends - The FDIC Board of Directors has approved the attached final rule to implement Assessment Dividends, as required by the Federal Deposit Insurance Reform Act of 2005. The final rule takes effect on January 1, 2007. www.fdic.gov/news/news/financial/2006/fil06092.html 

October 18, 2006 - FDIC and Neighborworks® America to Hold Summit on Housing Assistance for Hurricane Victims in Gulf Coast States - The Federal Deposit Insurance Corporation, in conjunction with NeighborWorks® America, will hold a three-day summit in New Orleans on October 23-25 to discuss housing-related challenges and opportunities faced in the Gulf Coast states affected by Hurricanes Katrina, Wilma and Rita. www.fdic.gov/news/news/press/2006/pr06094.html 

October 18, 2006 - Federal Reserve Bulletin - Report on the Condition of the U.S. Banking Industry: Fourth Quarter, 2005.   www.federalreserve.gov/pubs/bulletin/2006/bank_condition/bull06_bankreptq4-3.pdf 

October 18, 2006 - The Federal Reserve Board on Wednesday announced the annual indexing of the low reserve tranche and of the reserve requirement exemption amount for 2007. These amounts are used in the calculation of reserve requirements of depository institutions. www.federalreserve.gov/boarddocs/press/bcreg/2006/20061018/default.htm 

October 18, 2006 - The Federal Reserve Board on Wednesday released the minutes of its discount rate meetings from August 21 through September 19, 2006. www.federalreserve.gov/boarddocs/press/monetary/2006/20061018/default.htm 

October 18, 2006 - OCC Survey Finds Increased Easing Of Commercial and Retail Credit Underwriting Standards - The Office of the Comptroller of the Currency released the twelfth annual Survey of Credit Underwriting Practices today and reported that competitive pressures have led to a third consecutive year of eased commercial and retail credit underwriting standards. www.occ.treas.gov/toolkit/newsrelease.aspx?Doc=HMN5BE1G.xml 

October 18, 2006 - Agencies Provide Consumer Information on Nontraditional Mortgage Loans - The federal bank, thrift, and credit union regulatory agencies today announced the publication of a new resource that can help consumers make more informed choices when considering nontraditional mortgage loans.
Press Release: www.federalreserve.gov/boarddocs/press/other/2006/20061018/default.htm 
Press Release: www.fdic.gov/news/news/press/2006/pr06093.html 
Press Release: www.occ.treas.gov/toolkit/newsrelease.aspx?JNR=1&Doc=8WZDEM4.xml 
Press Release: www.ots.treas.gov/docs/7/776049.html 
Press Release: www.ncua.gov/news/press_releases/2006/JR06-1018.pdf 

October 17, 2006 - Structure and Share Data for U.S. Banking Offices of Foreign Entities - Data are collected as of the end of the month for March, June, September and December, and generally are released three months later. www.federalreserve.gov/releases/iba/default.htm 

October 17, 2006 - Comptroller Dugan Urges Key Principles of Federal Nontraditional Mortgage Guidance Apply to All Mortgage Originators - Comptroller of the Currency John C. Dugan said today it is vital that the key principles of the federal nontraditional mortgage guidance not be watered down and that they should be applied to all mortgage originators. www.occ.treas.gov/toolkit/newsrelease.aspx?Doc=4DTXZX3L.xml 

October 17, 2006 - Federal Reserve Bank of San Francisco Announces New Economic Advisory Council Members - John P. Connolly, national president of the American Federation of Television and Radio Artists, AFL-CIO, and Vivek Paul, a partner at Texas Pacific Group, have joined the Federal Reserve Bank of San Francisco's Economic Advisory Council for three-year terms, to conclude in 2009.  www.frbsf.org/news/releases/2006/1017.html 

October 17, 2006 - Statistical Release - G.17 Industrial Production - Industrial production decreased 0.6 percent in September after having been unchanged in August. For the third quarter as a whole, industrial production rose at an annual rate of 3.6 percent, down from the rapid pace of gains in the previous three quarters. Nonetheless, production at the end of the quarter was about 5-1/2 percent above its year-earlier level. www.federalreserve.gov/releases/g17/current/default.htm 

October 17, 2006 - Governor Susan Schmidt Bies - A Supervisory Perspective on Enterprise Risk Management - At the American Bankers Association Annual Convention, Phoenix, Arizona.   www.federalreserve.gov/boarddocs/speeches/2006/20061017/default.htm 

October 16, 2006 - OCC Enforcement Actions - The Office of the Comptroller of the Currency today released new enforcement actions taken against national banks and individuals currently and formerly affiliated with national banks. www.occ.treas.gov/ftp/release/2006-114.htm 

October 16, 2006 - Proposal to approve under OMB delegated authority the extension for three years, without revision, of the following report: Domestic Branch Notification.  www.federalreserve.gov/generalinfo/foia/proposedregs.cfm 

October 16, 2006 - Comptroller Speaks to the American Bankers Association about Credit Risk and Loan Loss Reserves - Comptroller of the Currency John C. Dugan cautioned bankers against easing underwriting practices and inappropriately lowering loan loss reserves during today's speech to the American Bankers Association. www.occ.treas.gov/toolkit/newsrelease.aspx?Doc=S6LR4YMW.xml 

October 16, 2006 - FDIC Announces Key Appointments: Alice Goodman Named Deputy to the Chairman; Eric Spitler Named Director of Legislative Affairs.  www.fdic.gov/news/news/press/2006/pr06092.html 

October 16, 2006 - Chairman Ben S. Bernanke - Bank Regulation and Supervision: Balancing Benefits and Costs - Before the Annual Convention of the American Bankers Association, Phoenix, Arizona, and the Annual Convention of America's Community Bankers, San Diego, California.  www.federalreserve.gov/boarddocs/speeches/2006/20061016/default.htm 

October 13, 2006 - OTS Appoints Wayne Leiss As Chief Information Officer - Office of Thrift Supervision Director John M. Reich announced the selection of Wayne G. Leiss as the agency's Chief Information Officer.  www.ots.treas.gov/docs/7/776048.html 

October 13, 2006 - The Federal Reserve Board on Friday announced its approval of the notice filed by National City Corporation, Cleveland, Ohio, to acquire Harbor Florida Bancshares, Inc. and its subsidiaries, Harbor Federal Savings Bank and Appraisal Analysis, Inc., all of Fort Pierce, Florida. www.federalreserve.gov/boarddocs/press/orders/2006/20061013/default.htm 

October 13, 2006 - The Federal Reserve Board on Friday announced its approval of the applications under section 3 of the Bank Holding Company Act by Grupo Financiero Banorte, S.A. de C.V., and its subsidiaries, Banco Mercantil del Norte, S.A., Institución de Banca Múltiple, both of Monterrey, Nuevo León, Mexico, and Banorte USA Corporation, Wilmington, Delaware, to become bank holding companies, and to acquire 70 percent of the voting securities of INB Financial Corporation, McAllen, Texas, and thereby acquire control of its subsidiaries, INB Delaware Corporation, Wilmington, Delaware, and Inter National Bank, McAllen, Texas. www.federalreserve.gov/boarddocs/press/orders/2006/200610132/default.htm 

October 12, 2006 - Statistical Release - Large Commercial Banks - Insured U.S.-Chartered Commercial Banks That Have Consolidated Assets Of $300 Million Or More, Ranked By Consolidated Assets As of June 30, 2006.  www.federalreserve.gov/releases/lbr/current/default.htm 

October 12, 2006 - FRB Statistical Release - Minority-Owned Banks. www.federalreserve.gov/releases/mob/current/default.htm 

October 12, 2006 - Household Debt Service and Financial Obligations Ratios - The household debt service ratio is an estimate of the ratio of debt payments to disposable personal income. Debt payments consist of the estimated required payments on outstanding mortgage and consumer debt. www.federalreserve.gov/releases/housedebt/default.htm 

October 12, 2006 - Beige Book - Informal review by the Federal Reserve Banks of current economic conditions in their Districts.   www.federalreserve.gov/fomc/beigebook/2006/20061012/default.htm 

October 12, 2006 - The Federal Reserve Board on Thursday announced the issuance of a consent Order of Assessment of Civil Money Penalty against John Price, a former Senior Vice-President of the former Gold Bank, Leawood, Kansas. www.federalreserve.gov/boarddocs/press/Enforcement/2006/20061012/default.htm 

October 12, 2006 - NCUA Vice Chairman Emphasizes Role of Health Savings Accounts in Maintaining Healthy Economy - National Credit Union Administration Vice Chairman Rodney E. Hood visited Vision Financial Federal Credit Union this week and addressed a gathering of credit union managers and CEO's from across the state of North Carolina. During his remarks, the Vice Chairman discussed his regulatory philosophy and praised credit unions for stimulating economic growth. www.ncua.gov/news/press_releases/2006/MA06-1012.htm 

October 12, 2006 - Comptroller Dugan Highlights OCC Efforts to Assist Minority Banks - Comptroller of the Currency John C. Dugan said today that the OCC is exploring new ways of providing minority-owned national banks with tools that may assist them in strengthening their operations and financial performance. www.occ.treas.gov/toolkit/newsrelease.aspx?Doc=CWU3KNBG.xml 

October 12, 2006 - Governor Frederic S. Mishkin - Globalization: A Force for Good? - Weissman Center Distinguished Lecture Series, Baruch College, New York, New York.  www.federalreserve.gov/boarddocs/speeches/2006/20061012/default.htm 

October 11, 2006 - Local Executive Named To Federal Reserve Bank Of Kansas City's Advisory Council - The Federal Reserve Bank of Kansas City has named a new member to its Tenth District Economic Advisory Council. Larissa Herda, chairman, president and chief executive officer of Time Warner Telecom in Littleton, Colo. is joining the Council for a two-year term. http://www.kc.frb.org/pubaffrs/pressrel/pr06-18.pdf 

October 11, 2006 - Interagency Guidance on Nontraditional Mortgage Product Risks - On September 29, 2006, the Federal Reserve and the other federal financial institutions regulatory agencies issued the attached Interagency Guidance on Nontraditional Mortgage Product Risks. www.federalreserve.gov/boarddocs/srletters/2006/sr0615.htm 

October 11, 2006 - The Federal Reserve Board and the Federal Open Market Committee on Wednesday released the attached minutes of the Committee meeting held on September 20, 2006. www.federalreserve.gov/boarddocs/press/monetary/2006/20061011/default.htm 

October 11, 2006 - National Credit Union Administration Issues Prohibition Orders - The National Credit Union Administration has issued orders prohibiting the following individuals www.ncua.gov/news/press_releases/2006/MR06-1011.htm 

October 11, 2006 - Remarks by Governor Susan Schmidt Bies - At the British Bankers' Association 10th Annual Supervision Conference, London, England October 11, 2006 www.federalreserve.gov/boarddocs/speeches/2006/20061011/default.htm 

October 11, 2006 - FDIC Board Approves Regulation to Provide Insured Institutions with a One-Time Assessment Credit - The Board of Directors of the Federal Deposit Insurance Corporation today approved a regulation to implement a one-time credit of $4.7 billion to banks and thrifts that was required under the Deposit Insurance Reform Act of 2005. The credit will be used to offset future assessments charged by the FDIC. www.fdic.gov/news/news/press/2006/pr06091.html 

October 11, 2006 - Louisianans Receive New Rebuilding Help From Joint Education Effort by FDIC and Neighborworks® America - The Federal Deposit Insurance Corp., and NeighborWorks® America today announced the availability of a new information resource for the tens of thousands of Louisiana's homeowners looking for actionable guidance on how to rebuild their homes after Hurricanes Katrina and Rita. www.fdic.gov/news/news/press/2006/pr06090.html 

October 6, 2006 - Statistical Release - G.19 Consumer Credit - Consumer credit increased at an annual rate of 2-1/2 percent in August. Revolving credit rose at an annual rate of 4-1/4 percent and nonrevolving credit rose at an annual rate of 1-1/2 percent. www.federalreserve.gov/Releases/G19/Current/default.htm 

October 6, 2006 - The Federal Reserve Board on Friday announced its approval of the application by Sky Financial Group, Inc., Bowling Green, to acquire Wells River Bancorp, Inc. and its subsidiary bank, Perpetual Savings Bank, both of Wellsville, all of Ohio. www.federalreserve.gov/boarddocs/press/orders/2006/20061006/default.htm 

October 6, 2006 - Comptroller of the Currency Hosts Community Bank Directors Workshop in Memphis -The Office of the Comptroller of the Currency will host a workshop for national community bank directors at the Doubletree Hotel, Memphis, Tenn., on Nov. 7. www.occ.treas.gov/toolkit/newsrelease.aspx?Doc=5OLR1DE7.xml 

October 6, 2006 - Comptroller of the Currency HostsCommunity Bank Directors Workshops in New Orleans -The Office of the Comptroller of the Currency will host workshops for national community bank directors at the Astor Crowne Plaza Hotel, New Orleans, November 14-15. www.occ.treas.gov/toolkit/newsrelease.aspx?Doc=LFYWGOOW.xml

October 5, 2006 - 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.  www.fdic.gov/news/news/press/2006/pr06089.html 

October 5, 2006 - FDIC State Profiles Show Continued Strong Banking Performance and a Slowing U.S. Economy - Strong financial performance for FDIC-insured institutions continued through mid-2006 in virtually every region of the nation, according to a series of reports issued today by the Federal Deposit Insurance Corporation.  www.fdic.gov/news/news/press/2006/pr06088.html 

October 5, 2006 - Agency Information Collection Activities - Proposal to request approval from OMB the extension for three years, with revision, of the following currently approved collections of information: Foreign Branch Report of Condition.  www.federalreserve.gov/generalinfo/foia/proposedregs.cfm

October 4, 2006 - Vice Chairman Donald L. Kohn - Economic Outlook - At the Money Marketeers of New York University, New York, New York.  www.federalreserve.gov/boarddocs/speeches/2006/200610042/default.htm 

October 4, 2006 - Nontraditional Mortgage Products - The Office of the Comptroller of the Currency, the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, the Office of Thrift Supervision, and the National Credit Union Administration have jointly issued the attached "Interagency Guidance on Nontraditional Mortgage Product Risks." The guidance discusses how institutions can offer nontraditional mortgage products in a safe and sound manner and in a way that clearly discloses the benefits and risks to borrowers.
Press Release: www.occ.treas.gov/ftp/bulletin/2006-41.html 
Press Release: www.occ.treas.gov/ftp/bulletin/2006-42.html 
Press Release: www.occ.treas.gov/ftp/bulletin/2006-43.html
Press Release: www.fdic.gov/news/news/financial/2006/fil06090.html 
Press Release: www.ncua.gov/letters/2006/CU/06-CU-16_enclosure2.pdf 
Press Release: www.fdic.gov/news/news/financial/2006/fil06090.html 

October 4, 2006 - Chairman Ben S. Bernanke - The Coming Demographic Transition: Will We Treat Future Generations Fairly? - Before The Washington Economic Club, Washington, D.C. www.federalreserve.gov/boarddocs/speeches/2006/20061004/default.htm 

October 3, 2006 - Electricity: The Next Looming Energy Crisis? - While most people are worrying about skyrocketing petroleum and gas prices, they may want to keep an eye on electricity as well, said an economist with the Federal Reserve Bank of St. Louis. www.stlouisfed.org/news/releases/2006/10_03_06.html 

October 3, 2006 - St. Louis Fed's The Regional Economist: Electricity-The Next Energy Jolt?; Adding Up the Economic Effects of Immigration; Income Inequality Predicts the Timing of Predatory Lending Laws; Community Profile: Columbia, Mo. www.stlouisfed.org/news/releases/2006/10_03_06b.html 

October 3, 2006 - FDIC Makes Public August Enforcement Actions; - 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/2006/pr06087.html 

October 2, 2006 - OTS Director Reich Commends Congress on Passage of Regulatory Relief Legislation - Office of Thrift Supervision Director John Reich, who lead the federal banking agencies' regulatory relief efforts the last three years, commended Congress for its passage of the "Financial Services Regulatory Relief Act of 2006," the regulatory burden relief bill for the financial services industry. www.ots.treas.gov/docs/7/776047.html 

October 2, 2006 - Statistical Release - G.5 Foreign Exchange Rates - The Table Below Shows The Average Rates Of Exchange In September 2006 Together With Comparable Figures For Other Months. Averages Are Based On Daily Noon Buying Rates For Cable Transfers In New York City Certified For Customs Purposes By The Federal Reserve Bank Of New York. www.federalreserve.gov/releases/g5/Current/default.htm  


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