The E-mail Banking News
(Bank Regulatory News)
October 2011

October 31, 2011 - Improving Competition and Liquidity of Over-the-Counter Derivatives - Economic Perspectives article explains the benefits of central clearing for OTC derivatives market and discusses the optimal clearing structure. http://chicagofed.org/digital_assets/publications/economic_perspectives/2011/4qtr2011_part1_nosal.pdf

October 31, 2011 - Economic conditions in low- to moderate-income community experience continued stress, survey finds - Indicators of economic and financial conditions revealed continued stress in the Tenth Federal Reserve District’s low- to moderate-income community during the third quarter, according to the Federal Reserve Bank of Kansas City’s quarterly LMI Survey. www.kc.frb.org/publicat/newsroom/2011pdf/press.release.10.31.11.pdf

October 31, 2011 - Regulatory Reform - Communications with the public through October 31, 2011.  www.federalreserve.gov/newsevents/reform_meetings.htm 

October 31, 2011 - Federal Reserve Board approves fee schedule for Federal Reserve Bank priced services - The Federal Reserve Board on Monday announced the approval of fee schedules, effective January 3, 2012, 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/20111031a.htm

October 28, 2011 - International Bank of Chicago, Chicago, Illinois, Assumes All of the Deposits of All American Bank, Des Plaines, Illinois - All American Bank, Des Plaines, Illinois, was closed today by the Illinois Department of Financial and Professional Regulation – Division 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 International Bank of Chicago, Chicago, Illinois, to assume all of the deposits of All American Bank. www.fdic.gov/news/news/press/2011/pr11174.html

October 28, 2011 - What’s the Potential for Immediate Funds Transfer in the U.S.? - Chicago Fed Letter evaluates an emerging electronic means for making  general-purpose payments. http://chicagofed.org/digital_assets/publications/chicago_fed_letter/2011/cflnovember2011_292a.pdf

October 28, 2011 - FDIC Makes Public September Enforcement Actions; No Administrative Hearings Scheduled for October 2011 - The Federal Deposit Insurance Corporation (FDIC) 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/2011/pr11173.html

October 28, 2011 - Payment Systems - Government Checks, Commercial Checks Collected, Fed ACH, Govt, Commercial Checks Returned, Postal Money Orders, Fed ACH, and Commercial, Quarterly data. www.federalreserve.gov/paymentsystems/default.htm 

October 28, 2011 - Credit and Liquidity Programs and the Balance Sheet - Recent balance sheet trends, weekly chart data update.   www.federalreserve.gov/monetarypolicy/bst_recenttrends.htm
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October 27, 2011 - Improving Competition and Liquidity of Over-the-Counter Derivatives - Economic Perspectives article explains the benefits of central clearing for OTC derivatives market and discusses the optimal clearing structure. http://chicagofed.org/digital_assets/publications/economic_perspectives/2011/4qtr2011_part1_nosal.pdf 

October 27, 2011 - What’s the Potential for Immediate Funds Transfer in the U.S.? - Chicago Fed Letter evaluates an emerging electronic means for making general-purpose payments. http://chicagofed.org/digital_assets/publications/chicago_fed_letter/2011/cflnovember2011_292a.pdf

October 27, 2011 - NCUA Places Birmingham Financial Federal - Credit Union into Conservatorship Member Deposits Insured up to $250,000, Member Services Uninterrupted - The National Credit Union Administration today assumed control of service and operations at Birmingham Financial Federal Credit Union of Birmingham, Ala.  www.ncua.gov/news/press_releases/2011/MR11-1027BirminghamFCUConserved.pdf 

October 27, 2011 - Federal Reserve Board issues enforcement actions with Fox River Valley Bancorp, Parkway Bancorp, Liberty Bancorp, and Liberty Bank.   www.federalreserve.gov/newsevents/press/enforcement/20111027a.htm

October 26, 2011 - OCC Enforcement Actions - The Office of the Comptroller of the Currency today released new enforcement actions taken against national banks, federal savings associations, and individuals currently and formerly affiliated with national banks and federal savings associations. www.occ.gov/news-issuances/news-releases/2011/nr-occ-2011-132.html 

October 26, 2011 - Payment Systems - Quarterly data updates.  www.federalreserve.gov/paymentsystems/psr_data.htm

October 26, 2011 - How Do Joint Supervisors Examine Financial Institutions? The Case of State Banks - Marcelo Rezende - This paper studies what determines whether federal and state supervisors examine state banks independently or together. The results suggest that supervisors coordinate examinations in order to support states with lower budgets and capabilities and more banks to supervise. www.federalreserve.gov/pubs/feds/2011/201143/201143abs.html

October 26, 2011 - Measuring the Level and Uncertainty of Trend Inflation - Elmar Mertens - Firmly-anchored inflation expectations are widely viewed as playing a central role in the successful conduct of monetary policy. This paper presents estimates of trend inflation, based on information contained in survey expectations, the term structure of interest rates, and realized inflation rates. www.federalreserve.gov/pubs/feds/2011/201142/index.html

October 26, 2011 - Supervisory Expectations for Risk Management of Agricultural Credit Risk - This supervisory guidance is intended to serve as a reminder to banking organizations[1] and supervisory staff of the key risk factors in agricultural lending and supervisory expectations for a banking organization’s risk-management practices.  www.federalreserve.gov/bankinforeg/srletters/sr1114.htm 

October 26, 2011 - Annual adjustments for reserve calculations and deposit reporting, Regulation D - The Federal Reserve Board on Wednesday announced the annual indexing of the reserve requirement exemption amount and of the low reserve tranche for 2012. These amounts are used in the calculation of reserve requirements of depository institutions.  www.federalreserve.gov/newsevents/press/bcreg/20111026a.htm

October 25, 2011 - Statistical Release - G.20 Finance Companies.  www.federalreserve.gov/releases/g20/Current/

October 25, 2011 - Federal Reserve Board issues enforcement action with Border Capital Group.   www.federalreserve.gov/newsevents/press/enforcement/20111025a.htm

October 24, 2011 - Index shows economic activity improved in September - Led by improvements in employment-related indicators, the Chicago Fed National Activity Index increased to -0.22 in September from -0.59 in August. Contributions from all four broad categories of indicators that make up the index improved from August. However, three of the four were only slightly positive in September. www.chicagofed.org/digital_assets/publications/cfnai/2011/cfnai_october2011.pdf

October 24, 2011 - Hyland Addresses AICPA Conference - National Credit Union Administration Board Member Gigi Hyland was the keynote speaker at the American Institute of Certified Public Accountants National Conference on Credit Unions here today. www.ncua.gov/news/press_releases/2011/MR11-1024HylandatAICPA.pdf 

October 24, 2011 - Regulatory Reform - Communications with the public through October 24, 2011.  www.federalreserve.gov/newsevents/reform_meetings.htm 

October 24, 2011 - The Federal Reserve Board on Monday announced the approval of a notice under section 4 of the Bank Holding Company Act by Westpac Banking Corporation, Sydney, Australia, to engage in certain nonbanking activities in the United States through the acquisition of all the voting shares of JOHCM (USA) General Partner Inc., Wilmington, Delaware, and its foreign parent company, J O Hambro Capital Management Limited, London, England. www.federalreserve.gov/newsevents/press/orders/20111024a.htm

October 21, 2011 - Bank Midwest, National Association, Kansas City, Missouri, Assumes All of the Deposits of Community Banks of Colorado, Greenwood, Colorado - The Federal Deposit Insurance Corporation today was appointed receiver for Community Banks of Colorado, Greenwood, Colorado, by the Board of Governors of the Federal Reserve System. To protect the depositors, the FDIC entered into a purchase and assumption agreement with Bank Midwest, National Association, Kansas City, Missouri, to assume all of the deposits of Community Banks of Colorado. www.fdic.gov/news/news/press/2011/pr11172.html

October 21, 2011 - NCUA Board Comments on President’s Nomination - Carla M. Leon-Decker Named Obama Administration’s Pick for NCUA Board - The National Credit Union Administration Board members released the following statements today in reaction to President Obama’s nomination of Carla M. Leon-Decker to the NCUA Board. www.ncua.gov/news/press_releases/2011/MR11-1021DeckerAppointed.pdf

October 21, 2011 - OCC Establishes Advisory Committees on Minority Institutions and Mutual Associations - The Office of the Comptroller of the Currency has established advisory committees to provide perspectives to the agency on the unique challenges and needs of minority depository institutions and mutual savings associations, the OCC announced today. www.occ.gov/news-issuances/news-releases/2011/nr-occ-2011-131.html

October 21, 2011 - State Bank and Trust Company, Macon, Georgia, Assumes All of the Deposits of Community Capital Bank, Jonesboro, Georgia - Community Capital Bank, Jonesboro, Georgia, was closed today by the Georgia Department of Banking and Finance, which appointed the Federal Deposit Insurance Corporation as receiver. To protect the depositors, the FDIC entered into a purchase and assumption agreement with State Bank and Trust Company, Macon, Georgia, to assume all of the deposits of Community Capital Bank. www.fdic.gov/news/news/press/2011/pr11171.html 

October 21, 2011 - Fidelity Bank, Atlanta, Georgia, Assumes All of the Deposits of Decatur First Bank, Decatur, Georgia - Decatur First Bank, Decatur, Georgia, was closed today by the Georgia Department of Banking and Finance, which appointed the Federal Deposit Insurance Corporation as receiver. To protect the depositors, the FDIC entered into a purchase and assumption agreement with Fidelity Bank, Atlanta, Georgia, to assume all of the deposits of Decatur First Bank. www.fdic.gov/news/news/press/2011/pr11170.html 

October 21, 2011 - 1st United Bank, Boca Raton, Florida, Assumes All of the Deposits of Old Harbor Bank, Clearwater, Florida - Old Harbor Bank, Clearwater, 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 1st United Bank, Boca Raton, Florida, to assume all of the deposits of Old Harbor Bank. www.fdic.gov/news/news/press/2011/pr11169.html 

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

October 21, 2011 - Credit and Liquidity Programs and the Balance Sheet - System Monthly Report on Credit and Liquidity Programs and the Balance Sheet, October 2011.  www.federalreserve.gov/files/monthlyclbsreport201110.pdf

October 21, 2011 - Vice Chair Janet L. Yellen - The Outlook for the U.S. Economy and Economic Policy - At the 2011 Annual Meeting of the Financial Management Association International, Denver, Colorado www.federalreserve.gov/newsevents/speech/yellen20111021a.htm ____________________________

October 20, 2011 - Federal Reserve Bulletin - Legal Developments, Second Quarter, 2011 - Legal Developments: Second Quarter, 2011 - Seven orders were issued in this quarter, one for Hancock Holding Company, Mitsubishi UFJ Financial Group, Inc., and United Bankshares, Inc. under Section 3 of the Bank Holding Company Act, one for Bank of Montreal and M&T Bank Corporation under Sections 3 and 4 of the Bank Holding Company Act, and one for Bank of Communications Co., Ltd. and Bank of Taiwan under the International Banking Act. www.federalreserve.gov/pubs/bulletin/2011/pdf/legalq211.pdf

October 20, 2011 - NCUA - “Protecting credit unions and the consumers who own them through effective regulation” Kutchey Appointed NCUA’s Deputy Executive Director - National Credit Union Administration Board Chairman Debbie Matz today announced the appointment of John Kutchey as the agency’s new deputy executive director and chief operating officer. Kutchey will succeed Melinda Love in December upon her retirement. www.ncua.gov/news/press_releases/2011/MR11-1020KutcheyAppointedDED.pdf 

October 19, 2011 - Federal Reserve Bank Governance Reviewed - A new report from the United States Government Accountability Office says opportunities exist to broaden director recruitment efforts and increase transparency. www.gao.gov/new.items/d1218.pdf 

October 19, 2011 - FFIEC Announces the Use of American Community Survey Data In Its Census Data Files - The Federal Financial Institutions Examination Council today announced that it will incorporate the 2010 American Community Survey data into the FFIEC-published census data file. The new methodology responds to a change in the way the U.S. Census Bureau collects information that is reflected in the FFIEC's census data. www.ncua.gov/news/press_releases/2011/JR11-1019FFIEC-ACS-Data.pdf 

October 19, 2011 - FFIEC Announces Revisions to the Calculation of Annual Median Family Income Data - The Federal Financial Institutions Examination Council today announced that beginning in 2012 it will calculate the annual Median Family Income data that are published each June1. The 2012 MFI Data will incorporate the U.S. Census Bureau’s American Community Survey information and will be referred to as FFIEC Median Family Income Data. www.ncua.gov/news/press_releases/2011/JR11-1019FFIEC-MFI-Data.pdf 

October 19, 2011 - Beige Book - Informal review by the Federal Reserve Banks of current economic conditions in their Districts.   www.federalreserve.gov/fomc/beigebook/2011/default.htm

October 18, 2011 - Matz to Host Webinar Open to Entire Credit Union Industry - Register Now and Save the Date: Nov. 9 at 3 p.m. EST - National Credit Union Administration Board Chairman Debbie Matz has scheduled her third town hall webinar of 2011, open to the entire credit union industry: Wednesday, Nov. 9 at 3 p.m. EST. www.ncua.gov/news/press_releases/2011/MR11-1017WebinarSavetheDate.pdf

October 18, 2011 - Kansas City Fed survey highlights concerns and challenges for community institutions - Meeting regulatory requirements and increasing earnings were among the most significant challenges cited by community banks, credit unions and thrifts, according to the Federal Reserve Bank of Kansas City’s 2011 Survey of Community Depository Institutions. www.kc.frb.org/publicat/newsroom/2011pdf/press.release.10.18.11.pdf

October 18, 2011 - FDIC Appoints Craig Jarvill Director of FDIC's Division of Finance - The Federal Deposit Insurance Corporation today announced the appointment of Craig Jarvill as the Director of the Division of Finance.  www.fdic.gov/news/news/press/2011/pr11168.html 

October 18, 2011 - Freedom of Information Act - Capital One-ING meeting transcript, Chicago, Illinois September 27, 2011.   www.federalreserve.gov/generalinfo/foia/capone-ing.htm

October 18, 2011 - Chairman Ben S. Bernanke - The Effects of the Great Recession on Central Bank Doctrine and Practice - At the Federal Reserve Bank of Boston 56th Economic Conference, Boston, Massachusetts.  www.federalreserve.gov/newsevents/speech/bernanke20111018a.htm 

October 18, 2011 - The Federal Reserve Board on Tuesday released the minutes of its discount rate meetings from August 22 through September 19, 2011. www.federalreserve.gov/newsevents/press/monetary/monetary20111018a1.pdf 

October 18, 2011 - Federal Reserve Board issues enforcement action with Porter Bancorp.   www.federalreserve.gov/newsevents/press/enforcement/20111018a.htm

October 17, 2011 - International regulatory cooperation after the crisis by Richard Heckinger, vice president, and Robert S. Steigerwald, senior policy advisor - The heads of state of a broad coalition of nations, the Group of Twenty, met in September 2009 in Pittsburgh to chart the course of recovery from the financial crisis and set internationally agreed-upon objectives for the reform of regulatory policy. www.chicagofed.org/digital_assets/publications/chicago_fed_letter/2011/cflnovember2011_292.pdf

October 17, 2011 - Regulatory Reform - Communications with the public through October 17, 2011.  www.federalreserve.gov/newsevents/reform_meetings.htm 

October 17, 2011 - Industrial production increased 0.2 percent in September after having been unchanged in August. Previously, industrial production was reported to have stepped up 0.2 percent in August. For the third quarter as a whole, industrial production rose at an annual rate of 5.1 percent. Manufacturing output moved up 0.4 percent in September after having gained 0.3 percent in August. Production at mines advanced 0.8 percent in September, while the output of utilities decreased 1.8 percent.  www.federalreserve.gov/releases/g17/current/

October 17, 2011 - The Federal Reserve Board on Monday announced the approval of a final rule to implement the resolution plan requirement in the Dodd-Frank Wall Street Reform and Consumer Protection Act. www.federalreserve.gov/newsevents/press/bcreg/20111017a.htm

October 14, 2011 - Blackhawk Bank & Trust, Milan, Illinois, Assumes All of the Deposits of Country Bank, Aledo, Illinois - Country Bank, Aledo, Illinois, was closed today by the Illinois Department of Financial and Professional Regulation – Division 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 Blackhawk Bank & Trust, Milan, Illinois, to assume all of the deposits of Country Bank. www.fdic.gov/news/news/press/2011/pr11167.html 

October 14, 2011 - Northfield Bank, Staten Island, New York, Assumes All of the Deposits of First State Bank, Cranford, New Jersey - First State Bank, Cranford, New Jersey, was closed today by the New Jersey Department of Banking and Insurance, which appointed the Federal Deposit Insurance Corporation as receiver. To protect the depositors, the FDIC entered into a purchase and assumption agreement with Northfield Bank, Staten Island, New York, to assume all of the deposits of First State Bank. www.fdic.gov/news/news/press/2011/pr11166.html

October 14, 2011 - OCC Issues Monthly Cost of Funds Reports for August - The Office of the Comptroller of the Currency today issued the monthly Cost of Funds reports, which provide information about funding costs, as of August 31, 2011, for institutions formerly regulated by the Office of Thrift Supervision.  www.occ.gov/news-issuances/news-releases/2011/nr-occ-2011-128.html

October 14, 2011 - OCC Supports National Protect Your Identity Week - The Office of Comptroller of the Currency has joined the public-private coalition that supports the fourth annual Protect Your Identity Week, an initiative of the National Foundation for Credit Counseling and the Council of Better Business Bureaus www.occ.gov/news-issuances/news-releases/2011/nr-occ-2011-129.html 

October 14, 2011 - Bank of North Carolina, Thomasville, North Carolina, Assumes All of the Deposits of Blue Ridge Savings Bank, Inc., Asheville, North Carolina - Blue Ridge Savings Bank, Inc., Asheville, North Carolina, was closed today by the North Carolina Office of Commissioner of Banks, which appointed the Federal Deposit Insurance Corporation as receiver. To protect the depositors, the FDIC entered into a purchase and assumption agreement with Bank of North Carolina, Thomasville, North Carolina, to assume all of the deposits of Blue Ridge Savings Bank, Inc. www.fdic.gov/news/news/press/2011/pr11165.html 

October 14, 2011 - State Bank and Trust Company, Macon, Georgia, Assumes All of the Deposits of Piedmont Community Bank, Gray, Georgia - Piedmont Community Bank, Gray, Georgia, was closed today by the Georgia Department of Banking and Finance, which appointed the Federal Deposit Insurance Corporation as receiver. To protect the depositors, the FDIC entered into a purchase and assumption agreement with State Bank and Trust Company, Macon, Georgia, to assume all of the deposits of Piedmont Community Bank. www.fdic.gov/news/news/press/2011/pr11164.html

October 14, 2011 - Credit and Liquidity Programs and the Balance Sheet - Recent balance sheet trends, weekly chart data update.   www.federalreserve.gov/monetarypolicy/bst_recenttrends.htm 

October 14, 2011 - Polarization, immigration, education: What's behind the dramatic decline in youth employment? - Christopher L. Smith -Since the beginning of the recent recession, the employment-population ratio for high-school age youth (16-17 years old) has fallen by nearly a third, to its lowest level ever. However, this recession has exacerbated a longer-run downward trend that actually began in the 1990s and accelerated in the early 2000s. There is little research regarding why teen employment has fallen. www.federalreserve.gov/pubs/feds/2011/201141/index.html 

October 14, 2011 - Agencies issue guidance and proposed revisions to interagency questions and answers regarding flood insurance.  
Press Release: www.federalreserve.gov/newsevents/press/bcreg/20111014a.htm 
Press Release: www.fdic.gov/news/news/press/2011/pr11163.html
Press Release: www.occ.gov/news-issuances/news-releases/2011/nr-ia-2011-130.html 
Press Release: www.ncua.gov/news/press_releases/2011/JR11-1014FloodInsuraceQA.pdf  ____________________________________

October 13, 2011 - OCC Names John C. Lyons to Head Supervision Policy - The Office of the Comptroller of the Currency announced today that John C. Lyons, Jr. has been appointed Senior Deputy Comptroller for Bank Supervision Policy and Chief National Bank Examiner, while David K. Wilson has been named Examiner-in-Charge of Citibank. www.occ.gov/news-issuances/news-releases/2011/nr-occ-2011-127.html

October 13, 2011 - Michael Shepherd appointed to the Federal Advisory Council - Michael Shepherd - The Federal Reserve Bank of San Francisco’s board of directors has appointed Michael Shepherd, chairman and chief executive officer of Bank of the West and BancWest Corporation to represent the District on the Federal Advisory Council for a one-year term beginning January 2012.  www.frbsf.org/news/releases/2011/1013.html?utm_source=releases

October 13, 2011 - Federal Reserve Board issues enforcement action with Anchor Commercial Bank.  www.federalreserve.gov/newsevents/press/enforcement/20111013a.htm 

October 12, 2011 - NCUA Supports House Bill Lifting Cap on Member Business Loans - H.R. 1418 Enhances Small Business Access to Credit and Diversifies Lending Portfolios - National Credit Union Administration Board Chairman Debbie Matz testified before the House Financial Institutions Subcommittee today on the significance of credit union lending to small businesses and a bill to enhance such lending.  www.ncua.gov/news/press_releases/2011/MR11-1012MatzHouseMBLTestimony.pdf 

October 12, 2011 - Membership Appointments to Federal Reserve Bank of San Francisco's Community Depository Institutions Advisory Council - The Federal Reserve Bank of San Francisco announced that Steven R. Gardner, President and Chief Executive Officer, Pacific Premier Bank, Costa Mesa, CA, and Harry M. Haigood, Chief Executive Officer, One PacificCoast Bank, Oakland, CA, were appointed as the newest members of the Twelfth District's Community Depository Institutions Advisory Council.  www.frbsf.org/news/releases/2011/1012.html?utm_source=releases

October 12, 2011 - The Federal Reserve Board and the Federal Open Market Committee on Wednesday released the attached minutes of the Committee meeting held on September 20-21, 2011. www.federalreserve.gov/newsevents/press/monetary/20111012a.htm

October 11, 2011 - What is the Foreclosure Rate? - In a blog posting, Chicago Fed's Emily Engel Rotenberg and Daniel DiFranco explain three related methods used to measure the housing market. http://midwest.chicagofedblogs.org/archives/2011/10/emily_engel_for.html

October 11, 2011 - NCUA Issues Letter to Credit Unions No. 11-CU-16, State of the Credit Union Industry - Enclosed for your review is the quarterly report analyzing credit union financial trends for the first half of 2011, using data compiled from June 30, 2011 call reports. We hope you find this report useful in understanding national trends and risks which NCUA will continue to closely monitor and supervise. http://ncua.gov/letters/2011/CU/11-CU-16.pdf 

October 11, 2011 - The OCC Issues Volcker Rule Proposal for Public Comment - The Office of the Comptroller of the Currency today requested public comment on a proposed regulation implementing the so-called "Volcker Rule" requirements of section 619 of the Dodd-Frank Wall Street Reform and Consumer Protection Act. www.occ.gov/news-issuances/news-releases/2011/nr-occ-2011-126.html

October 11, 2011 - Schenck Joins St. Louis Fed’s Real Estate Industry Council - Lynn B. Schenck, executive vice president and director of leasing and sales for Jones Lang LaSalle of St. Louis, Mo., has been named to the Real Estate Industry Council of the Federal Reserve Bank of St. Louis. www.stls.frb.org/newsroom/displayNews.cfm?article=1171

October 11, 2011 - FDIC Issues Enforcement Actions Against Former Officers of the Failed United Commercial Bank, San Francisco, California - The Federal Deposit Insurance Corporation today announced that it is seeking to remove and prohibit from further participation in the banking industry ten former officers of United Commercial Bank, San Francisco, California. In addition, the FDIC has assessed civil money penalties totaling $1,640,000. www.fdic.gov/news/news/press/2011/pr11162.html

October 11, 2011 - FDIC Board Announces Projected Deposit Insurance Fund Losses, Income, and Reserve Ratios for the Restoration Plan - The Federal Deposit Insurance Corporation today updated its loss, income, and reserve ratio projections for the Deposit Insurance Fund (DIF) over the next several years. The projected cost of FDIC-insured institution failures for the five-year period from 2011 through 2015 is $19 billion, compared to estimated losses of $23 billion for banks that failed in 2010 alone. www.fdic.gov/news/news/press/2011/pr11161.html

October 11, 2011 - FDIC Board Passes Notice of Proposed Rulemaking on Prohibitions and Restrictions on Proprietary Trading and Certain Interests In, and Relationships With, Hedge Funds and Private Equity Funds.   www.fdic.gov/news/news/press/2011/pr11160.html

October 11, 2011 - Surveys and Reports -Senior Credit Officer Opinion Survey on Dealer Financing Terms, September 2011.   www.federalreserve.gov/econresdata/releases/scoos.htm 

October 11, 2011 - Federal Reserve Board seeks comment on proposed rules intended to simplify the administration of reserve requirements.   www.federalreserve.gov/newsevents/press/bcreg/20111011b.htm

October 11, 2011 - Federal Reserve Board seeks comment on proposal to implement "Volcker Rule" requirements of the Dodd-Frank Act.   www.federalreserve.gov/newsevents/press/bcreg/20111011a.htm 

October 7, 2011 - Great Southern Bank, Springfield, Missouri, Assumes All of the Deposits of Sun Security Bank, Ellington, Missouri - Sun Security Bank, Ellington, Missouri, was closed today by the Missouri Division of Finance, which appointed the Federal Deposit Insurance Corporation as receiver. To protect the depositors, the FDIC entered into a purchase and assumption agreement with Great Southern Bank, Springfield, Missouri, to assume all of the deposits of Sun Security Bank. www.fdic.gov/news/news/press/2011/pr11159.html

October 7, 2011 - Central Bank, Stillwater, Minnesota, Assumes All of the Deposits of the RiverBank, Wyoming, Minnesota - The RiverBank, Wyoming, Minnesota, was closed today by the Minnesota Department of Commerce, which appointed the Federal Deposit Insurance Corporation as receiver. To protect the depositors, the FDIC entered into a purchase and assumption agreement with Central Bank, Stillwater, Minnesota, to assume all of the deposits of The RiverBank. www.fdic.gov/news/news/press/2011/pr11158.html 

October 7, 2011 - What is the Foreclosure Rate? - In a blog posting, Chicago Fed's Emily Engel Rotenberg and Daniel DiFranco explain three related methods used to measure the housing market. www.chicagofed.org/digital_assets/publications/chicago_fed_letter/2011/cflnovember2011_292.pdf

October 7, 2011 - Consumer credit decreased at an annual rate of 4-1/2 percent in August 2011. Revolving credit decreased at an annual rate of 3-1/2
percent, and nonrevolving credit decreased at an annual rate of 5-1/4 percent. www.federalreserve.gov/releases/g19/Current/

October 7, 2011 - Credit and Liquidity Programs and the Balance Sheet - Recent balance sheet trends, weekly chart data update.   www.federalreserve.gov/monetarypolicy/bst_recenttrends.htm 
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October 6, 2011 - Regulatory Reform - Communications with the public through October 6, 2011.  www.federalreserve.gov/newsevents/reform_meetings.htm 

October 6, 2011 - Federal Reserve Board announces approval of proposal by Banco do Estado do Rio Grande do Sul.   www.federalreserve.gov/newsevents/press/orders/20111006a.htm 

David Nebhut Named Deputy Comptroller for Economic and Policy Analysis - The Office of the Comptroller of the Currency (OCC) announced recently that David Nebhut has been appointed Deputy Comptroller for Economic and Policy Analysis effective September 25, 2011. www.occ.gov/news-issuances/news-releases/2011/nr-occ-2011-125.html

October 5, 2011 - 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/2011/pr11157.html

October 5, 2011 - Incentive Compensation Practices: A Report on the Horizontal Review of Practices at Large Banking Organizations.   www.federalreserve.gov/newsevents/press/enforcement/20111004a.htm

Consolidated Reports of Condition and Income - The Consolidated Reports of Condition and Income (Call Report) for the September 30, 2011, report date must be received by Sunday, October 30, 2011. Certain banks with foreign offices have an additional five calendar days to submit their reports. www.fdic.gov/news/news/financial/2011/fil11067.html

October 4, 2011 - Chairman Ben S. Bernanke - Economic Outlook and Recent Monetary Policy Actions - Before the Joint Economic Committee, U.S. Congress, Washington, D.C. www.federalreserve.gov/newsevents/testimony/bernanke20111004a.htm

October 4, 2011 - Governor Sarah Bloom Raskin - Legal Opportunities and Challenges in Crafting a Foreclosure Response - At the Maryland State Bar Association Advanced Real Property Institute, Columbia, Maryland.  www.federalreserve.gov/newsevents/speech/raskin20111004a.htm

October 4, 2011 - Federal Reserve Board issues enforcement action with Tennessee Valley Financial Holdings, Inc. www.federalreserve.gov/newsevents/press/enforcement/20111004a.htm

October 3, 2011 - Creating Positive Impact on Distressed Communities - Profitwise News and Views looks at a Milwaukee Community Development Organization (CDC), the Legacy Project in Indianapolis, and three symposia on inner city workforce development. www.chicagofed.org/webpages/publications/profitwise_news_and_views/2011/pnv_sept2011.cfm

October 3, 2011 - Regulatory Reform - Communications with the public through October 3, 2011.  www.federalreserve.gov/newsevents/reform_meetings.htm