The E-mail Banking News
(Bank Regulatory News)
October 2013

October 31, 2013 - Financial market stress decreases for the sixth week out of past seven - Financial market stress declined for the sixth week in the past seven, according to the St. Louis Fed Financial Stress Index (STLFSI). The STLFSI measured -0.780 for the week ending Oct. 25, 2013, its lowest level since the week ending May 24, 2013. www.stlouisfed.org/newsroom/displayNews.cfm?article=1972

October 31, 2013 - Statistical Release - Finance Companies - G.20. www.federalreserve.gov/releases/g20/Current/

October 31, 2013 - Federal Reserve Board approves fee schedule for Federal Reserve Bank priced services - The Federal Reserve Board announced on Thursday the approval of fee schedules, effective January 2, 2014, for payment services the Federal Reserve Banks provide to depository institutions (priced services). www.federalreserve.gov/newsevents/press/other/20131031a.htm

October 31, 2013 - Federal Reserve and other central banks convert temporary bilateral liquidity swap arrangements to standing arrangements - The Bank of Canada, the Bank of England, the Bank of Japan, the European Central Bank, the Federal Reserve, and the Swiss National Bank announced on Thursday that their existing temporary bilateral liquidity swap arrangements are being converted to standing arrangements, that is, arrangements that will remain in place until further notice. www.federalreserve.gov/newsevents/press/monetary/20131031a.htm 

October 31, 2013 - Federal Reserve Board issues enforcement action with United Bank Limited and United Bank Limited New York Branch.   www.federalreserve.gov/newsevents/press/enforcement/20131031a.htm 

October 31, 2013 - NCUA Issues Prohibition Orders - The National Credit Union Administration has issued four orders in October prohibiting the following individuals from participating in the affairs of any federally insured financial institution: www.ncua.gov/News/Pages/NW20131031Prohibition.aspx 

October 30, 2013 - What Are the Risks Facing the Banking Industry? - Chicago Fed Letter discusses challenges to financial institutions’ business models, including prolonged low interest rates and new operational risks, such as cyberattacks. www.chicagofed.org/webpages/publications/chicago_fed_letter/2013/november_316a.cfm 

October 30, 2013 - NCUA Releases New Economic Analysis - The National Credit Union Administration today released a new economic video analysis for federally insured credit unions on the agency’s YouTube channel.  www.ncua.gov/News/Pages/NW20131029EconomicUpdate.aspx 

October 30, 2013 - OCC Names Marietta Perkins a Senior National Bank Examiner - The Office of the Comptroller of the Currency today announced that it had designated Marietta Perkins a Senior National Bank Examiner. www.occ.gov/news-issuances/news-releases/2013/nr-occ-2013-168.html

October 30, 2013 - Office of the Comptroller of the Currency Releases Guidance on Third-Party Relationships - The Office of the Comptroller of the Currency today issued updated risk management guidance for national banks and federal savings associations related to third-party relationships. www.occ.gov/news-issuances/news-releases/2013/nr-occ-2013-167.html 

October 30, 2013 - St. Louis Fed Event to Examine Reality and Future of Student Loans - According to a recent report to Congress from the Consumer Financial Protection Bureau, the $1 trillion-plus student-loan market is starting to resemble the failed mortgage market of a few years ago, and thus may spill over and threaten the nation's economic growth. www.stlouisfed.org/newsroom/displayNews.cfm?article=1967

October 30, 2013 - Transportation and Health Care Are Pockets of Strength in Memphis’ Slow Recovery - According to analysis published by the Federal Reserve Bank of St. Louis, despite steady growth in a few major industries, differing conditions across sectors have resulted in a mixed economic outlook for the Memphis metropolitan region. These findings are the subject of a recent article in The Regional Economist. www.stlouisfed.org/newsroom/displayNews.cfm?article=1968

October 30, 2013 - Liquidity Coverage Ratio: Proposed Rule - The federal bank regulatory agencies are requesting comment on a proposed rule that would implement a quantitative liquidity requirement consistent with the liquidity coverage ratio established by the Basel Committee on Banking Supervision www.fdic.gov/news/news/financial/2013/fil13052.html

October 30, 2013 - OCC and FDIC Propose Rule to Strengthen Liquidity Risk Management - The Office of the Comptroller of the Currency and the Federal Deposit Insurance Corporation proposed a rule on Wednesday to strengthen the liquidity risk management of large banks and savings associations.
Press Release: www.fdic.gov/news/news/press/2013/pr13096.html
Press Release: www.occ.gov/news-issuances/news-releases/2013/nr-ia-2013-169.html 

October 30, 2013 - FDIC Launches Updated Money Smart Podcast Network Website - The Federal Deposit Insurance Corporation today launched an updated English version of the Money Smart Podcast Network website. The portable audio version of the award-winning Money Smart financial education curriculum is suitable for use with virtually all MP3 players so that consumers of all ages can learn to make informed and prudent financial decisions while "on the go." www.fdic.gov/news/news/press/2013/pr13095.html

October 29, 2013 - Revised Interagency Examination Procedures for Regulation E.  www.federalreserve.gov/bankinforeg/caletters/caltr1317.htm

October 30, 2013 - Interagency Examination Procedures for Garnishment of Accounts Containing Federal Benefit Payments Rule.  www.federalreserve.gov/bankinforeg/caletters/caltr1316.htm

October 30, 2013 - Federal Reserve issues FOMC statement - Information received since the Federal Open Market Committee met in September generally suggests that economic activity has continued to expand at a moderate pace. Indicators of labor market conditions have shown some further improvement, but the unemployment rate remains elevated. www.federalreserve.gov/newsevents/press/monetary/20131030a.htm

October 29, 2013 - NCUA Hosting Deterring Employee Fraud Webinar - The National Credit Union Administration will host a free webinar, “Deterring Employee Fraud,” on Thursday, Nov. 14, 2013, at 2 p.m. Eastern. www.ncua.gov/News/Pages/NW20131029Webinar.aspx 

October 29, 2013 - OCC Hosts Mutual Savings Association Advisory Committee Meeting - The Office of the Comptroller of the Currency today announced it will host a public meeting of the Mutual Savings Association Advisory Committee on Monday, November 18, 2013, in Chicago, Illinois. www.occ.gov/news-issuances/news-releases/2013/nr-occ-2013-166.html 

October 29, 2013 - Uniform Agreement on the Classification and Appraisal of Securities Held by Depository Institutions.
Press Release: www.federalreserve.gov/bankinforeg/srletters/sr1318.pdf
Press Release: www.fdic.gov/news/news/financial/2013/fil13051.html

October 29, 2013 - Federal Reserve Board announces termination of enforcement action with First Community Bank.   www.federalreserve.gov/newsevents/press/enforcement/20131029a.htm 

October 28, 2013 - Cynthia Crone Joins St. Louis Fed’s Health Care Industry Council - Cynthia Crone, insurance deputy commissioner and director of the Arkansas Health Connector Division, Arkansas Insurance Department, Little Rock, Ark., has been named to the Health Care Industry Council of the Federal Reserve Bank of St. Louis. www.stlouisfed.org/newsroom/displayNews.cfm?article=1963 

October 28, 2013 - Statistical Release - Industrial Production and Capacity Utilization - G.17.  www.federalreserve.gov/releases/g17/Current/default.htm

October 25, 2013 - St. Louis Fed President James Bullard Will Speak at St. Louis Regional Chamber’s Financial Forum.   www.stlouisfed.org/newsroom/displayNews.cfm?article=1962

October 25, 2013 - FDIC Makes Public September Enforcement Actions; No Administrative Hearings Scheduled for November 2013 - The Federal Deposit Insurance Corporation today released a list of orders of administrative enforcement actions taken against banks and individuals in September. No administrative hearings are scheduled for November 2013. www.fdic.gov/news/news/press/2013/pr13094.html

October 25, 2013 - 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 25, 2013 - FDIC Makes Public September Enforcement Actions; No Administrative Hearings Scheduled for November 2013 - 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 for November 2013. http://www.fdic.gov/news/news/press/2013/pr13094.html

October 24, 2013 - September CFMMI Release Cancelled, October Release with September Data Remains as Scheduled - The publication of September data used to construct the Chicago Fed Midwest Manufacturing Index was delayed or cancelled as a result of the federal government shutdown.  http://chicagofed.org/webpages/publications/cfmmi/index.cfm

October 24, 2013 - NCUA - October 2013 NCUA Board Meeting: NCUA Board Finalizes Liquidity Rule - The National Credit Union Administration Board convened its ninth scheduled open meeting of 2013 at the agency’s headquarters here today.  www.ncua.gov/about/Pages/Board%20Actions/BAB20131024.aspx 

October 24, 2013 - St. Louis Fed Financial Stress Index decreases from previous week - Financial market stress edged lower over the past week. For the week ending Oct. 18, 2013, the St. Louis Fed Financial Stress Index measured -0.686, its lowest level in two and a half months. The STLFSI has been below zero for 70 consecutive weeks. www.stlouisfed.org/newsroom/displayNews.cfm?article=1960

October 24, 2013 - Troubled Debt Restructurings Interagency Supervisory Guidance - The federal financial institution regulatory agencies have jointly issued supervisory guidance clarifying certain issues related to the accounting treatment and regulatory classification of commercial and residential real estate loans that have undergone troubled debt restructurings.   www.fdic.gov/news/news/financial/2013/fil13050.html 

October 24, 2013 - FDIC Signs Memorandum of Understanding With the People's Bank of China - The Federal Deposit Insurance Corporation today announced the signing of a Memorandum of Understanding between the agency and the People's Bank of China designed to extend their effective international working relationship in the areas of deposit insurance and resolution. www.fdic.gov/news/news/press/2013/pr13093.html 

October 24, 2013 - Current FAQ - What is the difference between a bank’s liquidity and its capital? - Capital and liquidity are distinct but related concepts. Each plays an essential role in understanding a bank's viability and solvency. www.federalreserve.gov/faqs/cat_21427.htm 

October 24, 2013 - Interagency Supervisory Guidance Addressing Certain Issues Related to Troubled Debt Restructurings.   www.federalreserve.gov/bankinforeg/srletters/sr1317.pdf 

October 24, 2013 - Board Meetings - The Board of Governors meets regularly, typically every other Monday. The public is invited to attend meetings that are open under the Government in the Sunshine Act. www.federalreserve.gov/aboutthefed/boardmeetings/meetingdates.htm 

October 24, 2013 - Federal Reserve Board proposes rule to strengthen liquidity positions of large financial institutions.   www.federalreserve.gov/newsevents/press/bcreg/20131024a.htm 

October 23, 2013 - NCUA - Fryzel Highlights Successes during Polish American Heritage Month - As part of national efforts recognizing Polish American Heritage Month, National Credit Union Administration Board Member Michael E. Fryzel acknowledged the important contributions that Polish Americans have made and highlighted the work of credit unions with historic ties to Polish American communities. www.ncua.gov/News/Pages/NW20131023Fryzel.aspx 

October 23, 2013 - Federal Reserve Board hosts Financial Education Day - High school students from Washington, D.C., learned about personal budgeting, responsible borrowing, and financing secondary education at workshops taught by Federal Reserve Board staff members on Wednesday. www.federalreserve.gov/newsevents/press/other/20131023a.htm 

October 23, 2013 - Federal financial regulators proposing joint standards for assessing diversity policies and practices of regulated entities pursuant to Section 342 of the Dodd-Frank Act.  
Press Release: www.federalreserve.gov/newsevents/press/bcreg/20131023a.htm
Press Release: www.fdic.gov/news/news/press/2013/pr13092.html
Press Release: www.occ.gov/news-issuances/news-releases/2013/nr-ia-2013-165.html
Press Release: www.ncua.gov/News/Pages/NW20131023JointStandards.aspx

October 22, 2013 - September and October CFNAI Releases Rescheduled - The publication of certain data used to construct the Chicago Fed National Activity Index was delayed as a result of the federal government shutdown. Consequently, the September CFNAI release, previously scheduled for October 21, 2013, will instead be published on November 12, 2013. www.chicagofed.org/webpages/publications/cfnai/index.cfm 

October 22, 2013 - Regulatory Reform - Communications with the public through October 22, 2013.   www.federalreserve.gov/newsevents/reform_meetings.htm 

October 22, 2013 - Federal regulators provide guidance on Qualified Mortgage fair lending risks - Five federal regulatory agencies today issued a statement to address industry questions about fair lending risks associated with offering only Qualified Mortgages.
Press Release: www.federalreserve.gov/newsevents/press/bcreg/20131022a.htm
Press Release: www.federalreserve.gov/bankinforeg/caletters/caltr1315.htm
Press Release: www.fdic.gov/news/news/press/2013/pr13091.html
Press Release: www.occ.gov/news-issuances/news-releases/2013/nr-ia-2013-164.html
Press Release: www.ncua.gov/News/Pages/NW20131022Interagency.aspx

October 22, 2013 - Federal Reserve Board announces termination of enforcement action with Bank of New York Mellon.   www.federalreserve.gov/newsevents/press/enforcement/20131022a.htm 

October 21, 2013 - September CFMMI Release Delayed September CFMMI Release Delayed - The Chicago Fed Midwest Manufacturing Index incorporates a range of data from government agencies, the publication of which has been delayed as a result of the federal government shutdown. Consequently, the September CFMMI release will not be published as scheduled on October 28, 2013.  http://www.chicagofed.org/webpages/publications/cfmmi/index.cfm

October 21, 2013 - The NCUA Report for October 2013 Now Available - The NCUA Report is NCUA’s flagship publication that highlights important NCUA Board actions and key issues that credit union volunteers and management need to know. It is a one-stop resource to learn not just the “what” but also the “why” behind NCUA’s actions. www.ncua.gov/News/NewsLtrs/Pages/default.aspx

October 21, 2013 - Joint Notice of Proposed Rulemaking on Loans in Areas Having Special Flood Hazards - The FDIC, the Office of the Comptroller of the Currency, the Board of Governors of the Federal Reserve System, the National Credit Union Administration, and the Farm Credit Administration are issuing a joint notice of proposed rulemaking to amend their respective regulations regarding loans in special flood hazard areas. www.fdic.gov/news/news/financial/2013/fil13048.html 

October 21, 2013 - Annual Stress-Test Reporting Template and Documentation for Covered Banks with Total Consolidated Assets of $10 Billion to $50 Billion - The FDIC is issuing this notice to describe the reports and information required to meet the reporting requirements under Section 165(i)(2) of the Dodd-Frank Wall Street Reform and Consumer Protection Act for covered banks with total consolidated assets between $10 billion and $50 billion. www.fdic.gov/news/news/financial/2013/fil13049.html

October 21, 2013 - Unemployment and Business Cycles - Lawrence J. Christiano, Martin S. Eichenbaum, and Mathias Trabandt - We develop and estimate a general equilibrium model that accounts for key business cycle properties of macroeconomic aggregates, including labor market variables. www.federalreserve.gov/pubs/ifdp/2013/1089/ifdp1089.pdf 

October 21, 2013 - Effects of Monetary Policy Shocks across Time and across Sectors - Ekaterina V. Peneva - Recent empirical research by Olivei and Tenreyro (2007) demonstrates that the effect of monetary policy shocks on output and prices depends on the shock's timing: www.federalreserve.gov/pubs/feds/2013/201370/201370pap.pdf 

October 21, 2013 - Payment Systems - Quarterly Data Updates. www.federalreserve.gov/paymentsystems/psr_data.htm 

October 18, 2013 - Fed’s Evans Addresses Financial Management Association - Chicago Fed President Charles Evans spoke to the FMA on October 18 during their annual meeting in Chicago.   www.chicagofed.org/webpages/publications/speeches/2013/10_18_13_financial_stability_monetary_policy_fma_chicago.cfm

October 18, 2013 - NCUA Selects D. Scott Neat as Director of Supervision - National Credit Union Administration Board Chairman Debbie Matz today announced the selection of D. Scott Neat as Director of Supervision in the Office of Examination and Insurance. www.ncua.gov/News/Pages/NW20131018Neat.aspx

October 18, 2013 - 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/2013/nr-occ-2013-162.html 

October 18, 2013 - Learning from the Test: Raising Selective College Enrollment by Providing Information - Sarena F. Goodman - In the last decade, five U.S. states adopted mandates requiring high school juniors to take a college entrance exam.  www.federalreserve.gov/pubs/feds/2013/201369/201369pap.pdf 

October 18, 2013 - Credit and Liquidity Programs and the Balance Sheet - Recent balance sheet trends, weekly chart data update.   www.federalreserve.gov/monetarypolicy/bst_recenttrends.htm

October 18, 2013 - Proposal for Comment - Proposal to approve under OMB delegated authority the extension, with revision, of the following report: FR 3064a and FR 3064b.  www.federalreserve.gov/apps/foia/dfproposals.aspx#ICP-201322 

October 18, 2013 - Going Public Abroad - Cecilia Caglio, Kathleen Weiss Hanley, and Jennifer Marietta-Westberg - This paper examines the decision to go public abroad using a sample of 17,808 IPOs. Although only 6% of initial public offerings are offered abroad, these represent approximately 25% of total IPO proceeds. www.federalreserve.gov/pubs/feds/2013/201368/201368pap.pdf

October 18, 2013 - Rising Intangible Capital, Shrinking Debt Capacity, and the US Corporate Savings Glut - Antonio Falato, Dalida Kadyrzhanova, and Jae W. Sim - This paper explores the hypothesis that the rise in intangible capital is a fundamental driver of the secular trend in US corporate cash holdings over the last decades. Using a new measure,we show that intangible capital is the most important firm-level determinant of corporate cash holdings. www.federalreserve.gov/pubs/feds/2013/201367/201367pap.pdf

October 18, 2013 - Governor Jeremy C. Stein - Lean, Clean, and In-Between - At the National Bureau of Economic Research Conference: Lessons from the Financial Crisis for Monetary Policy, Boston, Massachusetts.  www.federalreserve.gov/newsevents/speech/stein20131018a.htm

October 18, 2013 - Governor Daniel K. Tarullo - Toward Building a More Effective Resolution Regime: Progress and Challenges - At the Federal Reserve Board and Federal Reserve Bank of Richmond Conference, "Planning for the Orderly Resolution of a Global Systemically Important Bank", Washington, D.C. www.federalreserve.gov/newsevents/speech/tarullo20131018a.htm
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October 17, 2013 - Fed’s Evans Addresses Wisconsin Business Leaders - Chicago Fed President Charles Evans spoke to real estate and finance professionals on October 17 during a conference in Madison, Wisconsin. www.chicagofed.org/webpages/publications/speeches/2013/10_17_13_how_much_longer_university_wisconsin.cfm

October 17, 2013 - St. Louis Fed Financial Stress Index decreases slightly from previous week - Financial market stress experienced little change in the current reporting week compared with a week earlier. For the week ending Oct. 11, 2013, the St. Louis Fed Financial Stress Index (STLFSI) measured -0.561, a slight dip from its value of a week earlier (-0.547). www.stlouisfed.org/newsroom/displayNews.cfm?article=1956

October 17, 2013 - Bo Ryall Joins St. Louis Fed’s Health Care Industry Council - Bo Ryall, president and CEO of Arkansas Hospital Association, Little Rock, Ark., has been named to the Health Care Industry Council of the Federal Reserve Bank of St. Louis. www.stlouisfed.org/newsroom/displayNews.cfm?article=1957 

October 17, 2013 - Federal Reserve Board issues enforcement action with Commerzbank AG, Frankfurt am Main, and Commerzbank AG New York Branch, and termination of enforcement actions with Premier Bank and Union Bancshares.  www.federalreserve.gov/newsevents/press/enforcement/20131017a.htm

October 16, 2013 - Office of the Comptroller of the Currency Hosts Workshops in San Antonio - The Office of the Comptroller of the Currency will host two workshops in San Antonio, Texas, at the Holiday Inn San Antonio - Riverwalk, Nov. 19-20, for directors of national community banks and federal savings associations. www.occ.gov/news-issuances/news-releases/2013/nr-occ-2013-160.html

October 16, 2013 - Federal Reserve Releases October Beige Book and Related Sound Clip - Audio highlights of the Federal Reserve's Beige Book, which summarize economic conditions for the United States as a whole and the Fed's Eighth District, are available for downloading.
www.stlouisfed.org/newsroom/displayNews.cfm?article=1954 

October 16, 2013 - Dealer Balance Sheet Capacity and Market Liquidity during the 2013 Selloff in Fixed Income Markets - Tobias Adrian1, Michael Fleming2, Jonathan Goldberg3, Morgan Lewis4, Fabio Natalucci5, and Jason Wu6 - Long-term interest rates hit record-low levels in 2012 but have since increased substantially. www.federalreserve.gov/econresdata/notes/feds/2013/dealer-balance-sheet-capacity-and-market-liquidity-during-the-2013-selloff-in-fixed-income-markets/

October 16, 2013 - Beige Book - Informal review by the Federal Reserve Banks of current economic conditions in their Districts.   www.federalreserve.gov/monetarypolicy/beigebook/files/BeigeBook_20131016.pdf 

October 16, 2013 - Regulators release amended consent orders for EverBank - The Office of the Comptroller of the Currency and the Federal Reserve Board today released amendments to their enforcement actions against EverBank and EverBank Financial Corp. The amendments memorialize an agreement announced in August requiring the bank to pay approximately $37 million to more than 32,000 eligible mortgage borrowers affected by unsafe and unsound practices in mortgage loan servicing and foreclosure processing.
Press Release: www.federalreserve.gov/newsevents/press/bcreg/20131016a.htm
Press Release: www.occ.gov/news-issuances/news-releases/2013/nr-ia-2013-161.html

October 15, 2013 - September CFNAI Release Delayed - The Chicago Fed National Activity Index incorporates a range of data from government agencies, the publication of which has been delayed as a result of the federal government shutdown. Consequently, the September CFNAI release will not be published as scheduled on October 21, 2013. After the reopening of the federal government, the Federal Reserve Bank of Chicago will announce a publication date for the CFNAI. http://chicagofed.org/webpages/publications/cfnai/index.cfm 

October 15, 2013 - NCUA - Video Highlights NCUA Training Available for Small, Low-Income Credit Unions - The National Credit Union Administration today released a new video highlighting the training programs available to small and low-income credit unions. These courses, developed and led by the staff in NCUA’s Office of Small Credit Union Initiatives, are designed to strengthen these critical financial institutions so they can better serve their members and communities. www.ncua.gov/News/Pages/NW20131015Training.aspx

October 15, 2013 - NCUA Food Bank Donations Increase Nearly 1,000 Percent - In the coming months, more than 18,000 residents in the Washington metropolitan area will be sitting down to meals they might otherwise have missed, courtesy of National Credit Union Administration employees, who donated more than 22,000 pounds of food as part of the federal government’s annual Feds Feed Families food drive. www.ncua.gov/News/Pages/NW20131015FoodBank.aspx

October 15, 2013 - Charles “Chuck” Quick, Joins St. Louis Fed’s Real Estate Industry Council - Charles “Chuck” Quick, president and CEO of IBERIABANK Mortgage, Little Rock, Ark., has been named to the Real Estate Industry Council of the Federal Reserve Bank of St. Louis.
www.stlouisfed.org/newsroom/displayNews.cfm?article=1952

October 15, 2013 - Minutes of the Board's discount rates meetings from August 12 through September 16, 2013.   www.federalreserve.gov/newsevents/press/monetary/discount_rates_minutes_20131015.pdf

October 15, 2013 - Federal Reserve Board issues enforcement actions with Highlands Community Bank, New Peoples Bank, and North Georgia Community Financial Partners, Inc. www.federalreserve.gov/newsevents/press/enforcement/20131015a.htm

October 14, 2013 - Credit and Liquidity Programs and the Balance Sheet - Recent balance sheet trends, weekly chart data update.   www.federalreserve.gov/monetarypolicy/bst_recenttrends.htm 

October 11, 2013 - Governor Jerome H. Powell - Communications Challenges and Quantitative Easing - At the 2013 Institute of International Finance Annual Membership Meeting, Washington, D.C. www.federalreserve.gov/newsevents/speech/powell20131011a.htm 

October 11, 2013 - Agencies Request Comment on Proposed Flood Insurance Rule - Five federal regulatory agencies are issuing a joint notice of proposed rulemaking to amend regulations pertaining to loans secured by property located in special flood hazard areas.
Press Release: www.federalreserve.gov/newsevents/press/bcreg/20131011a.htm 
Press Release: www.fdic.gov/news/news/press/2013/pr13090.html
Press Release: www.occ.gov/news-issuances/news-releases/2013/nr-ia-2013-159.html
Press Release: www.ncua.gov/News/Pages/NW20131011FloodInsurance.aspx
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October 10, 2013 - Bank Accounting Advisory Series Updated - The Office of the Comptroller of the Currency (OCC) today released an update to the Bank Accounting Advisory Series.  www.occ.gov/news-issuances/news-releases/2013/nr-occ-2013-158.html

October 10, 2013 - Credit Risk in the Shared National Credit Portfolio Unchanged - The credit quality of large loan commitments owned by U.S. banking organizations, foreign banking organizations, and nonbanks was relatively unchanged in 2013 from the prior year, federal banking agencies said Thursday. www.occ.gov/news-issuances/news-releases/2013/nr-ia-2013-157.html

October 10. 2013 - Financial market stresses increase slightly over previous week - Financial market stresses increased slightly during the week ending Oct. 4, 2013, according to the St. Louis Fed Financial Stress Index. Trends in the STLFSI over the past several weeks are consistent with the pattern that has emerged this year: www.stlouisfed.org/newsroom/displayNews.cfm?article=1948

October 10, 2013 - Little Rock Branch of St. Louis Fed Prepares Teachers for State Economics Requirement - This school year is the first in which Arkansas high school seniors will have been required by the state to pass a semester course in economics in order to graduate. www.stlouisfed.org/newsroom/displayNews.cfm?article=1950

October 10, 2013 - Director and Officer Liability Insurance Policies, Exclusions, and Indemnification for Civil Money Penalties - The FDIC has recently noted an increase in exclusionary terms or provisions in director and officer liability insurance policies purchased by financial institutions.  www.fdic.gov/news/news/financial/2013/fil13047.html

October 10, 2013 - Credit Risk in the Shared National Credit Portfolio Unchanged - The credit quality of large loan commitments owned by U.S. banking organizations, foreign banking organizations, and nonbanks was relatively unchanged in 2013 from the prior year, federal banking agencies said Thursday. www.fdic.gov/news/news/press/2013/pr13089.html

October 10. 2013 - Credit risk in the Shared National Credit portfolio unchanged - The credit quality of large loan commitments owned by U.S. banking organizations, foreign banking organizations (FBOs), and nonbanks was relatively unchanged in 2013 from the prior year, federal banking agencies said Thursday. www.federalreserve.gov/newsevents/press/bcreg/20131010a.htm

October 10. 2013 - NCUA Grants First Federal Charter of 2013 - The National Credit Union Administration today announced the approval of the first new federal credit union charter of 2013. Northern Eagle Federal Credit Union, a multiple common-bond credit union, will serve the approximately 4,900 people who are members or employees of the Bois Forte Band of Chippewa, along with employees of related select occupational groups. www.ncua.gov/News/Pages/NW20131010FederalCharter.aspx 

October 10, 2013 - NCUA Updates Spanish Version of Popular Consumer Websites - In recognition of National Hispanic Heritage Month, the National Credit Union Administration today released an updated Spanish version of the agency’s popular consumer website, MyCreditUnion.gov, and its financial literacy microsite, Pocket Cents. www.ncua.gov/News/Pages/NW20131010SpanishWebsites.aspx

October 9, 2013 - Kansas City Fed announces officer promotions - The following officer promotions were recently announced by Esther George, president and chief executive officer of the Federal Reserve Bank of Kansas City: www.kc.frb.org/publicat/newsroom/2013pdf/press.release.10.09.13.pdf

October 9, 2013 - Minutes of the Federal Open Market Committee, September 17-18, 2013 - The Federal Reserve Board and the Federal Open Market Committee on Wednesday released the attached minutes of the Committee meeting held on September 17-18, 2013. www.federalreserve.gov/monetarypolicy/files/fomcminutes20130918.pdf

October 9, 2013 - Statement by Federal Reserve Board Vice Chair Yellen on her nomination by President Obama.   www.federalreserve.gov/newsevents/press/other/20131009a.htm

October 9. 2013 - Statement by Federal Reserve Board Chairman Bernanke on the nomination of Vice Chair Yellen by President Obama.   www.federalreserve.gov/newsevents/press/other/20131009b.htm.

October 9, 2013 - Regulators encourage institutions to work with borrowers affected by government shutdown - Five federal regulatory agencies encourage financial institutions to work with customers affected by the federal government shutdown. Prudent workout arrangements that are consistent with safe-and-sound lending practices are generally in the long-term best interest of the financial institution, the borrower, and the economy.
Press Release: www.federalreserve.gov/newsevents/press/bcreg/20131009a.htm
Press Release: www.fdic.gov/news/news/press/2013/pr13088.html
Press Release: www.occ.gov/news-issuances/news-releases/2013/nr-ia-2013-156.html
Press Release: www.ncua.gov/News/Pages/NW20131009Shutdown.aspx

October 8, 2013 - NCUA Hosting Risk-Based Lending Webinar - The National Credit Union Administration will host a free webinar, “Risk-Based Lending—More than a Loan Pricing Tool,” on Tuesday, Oct. 22, 2013, at 2 p.m. Eastern. www.ncua.gov/News/Pages/NW20131008Webinar.aspx

October 8, 2013 - Consolidated Reports of Condition and Income - The Consolidated Reports of Condition and Income for the September 30, 2013, report date must be received by Wednesday, October 30, 2013. Certain institutions with foreign offices have an additional five calendar days to submit their reports. www.fdic.gov/news/news/financial/2013/fil13045.html

October 8, 2013 - Managing Sensitivity to Market Risk in a Challenging Interest Rate Environment - The FDIC is re-emphasizing the importance of prudent interest rate risk oversight and risk management processes to ensure FDIC-supervised institutions are prepared for a period of rising interest rates. www.fdic.gov/news/news/financial/2013/fil13046.html

October 8, 2013 - Federal Reserve Board issues redesigned $100 note - The Federal Reserve on Tuesday began supplying financial institutions with a redesigned $100 note that incorporates new security features to deter counterfeiters and help businesses and consumers tell whether a note is genuine. www.federalreserve.gov/newsevents/press/other/20131008a.htm

October 8, 2013 - Federal Reserve Board announces termination of enforcement action with Bank Hapoalim, B.M. www.federalreserve.gov/newsevents/press/enforcement/20131008a.htm

October 7. 2013 - Detroit’s Bankruptcy: The Uncharted Waters of Chapter 9 - Chicago Fed Letter examines how the Motor City’s bankruptcy filing may affect municipal bond finance.  http://chicagofed.org/digital_assets/publications/chicago_fed_letter/2013/cflnovember2013_316.pdf

October 7, 2013 - Fryzel Named Honorary Grand Marshall of 2013 Pulaski Day Parade - NCUA Board Member Also Visits Polish and Slavic Federal Credit Union National Credit Union Administration Board Member Michael E. Fryzel today toured Polish & Slavic Federal Credit Union headquarters where he provided an update about NCUA’s initiatives to special guests and senior staff. www.ncua.gov/News/Pages/NW20131004Fryzel.aspx

October 7, 2013 - The Federal Financial Institutions Examination Council today issued a Press Release concerning Microsoft’s discontinuation of support for its Windows XP operating system as of April 8, 2014. www.ffiec.gov/press/pr100713.htm

October 7, 2013 - Consolidated Reports of Condition and Income for Third Quarter 2013 - The attached materials pertain to the Consolidated Reports of Condition and Income for the September 30, 2013, report date. www.fdic.gov/news/news/financial/2013/fil13044.html

October 7, 2013 - Consumer Credit - G.19 - Consumer credit increased at an annual rate of 5-1/2 percent in August. Revolving credit decreased at an annual rate of 1-1/4 percent, while nonrevolving credit increased at an annual rate of 8 percent. www.federalreserve.gov/releases/g19/current/default.htm

October 7, 2013 - Communications with the public through October 7, 2013.  www.federalreserve.gov/newsevents/reform_meetings.htm

October 4, 2013 - NCUA Sets 2014 Board Meeting Schedule NCUA Sets 2014 Board Meeting Schedule - The National Credit Union Administration Board today released its monthly meeting schedule for 2014. No meeting is scheduled for August. All open meetings are scheduled to begin at 10 a.m. Eastern on the following dates: www.ncua.gov/News/Pages/NW20131004Board.aspx 

October 4 2013 - Comptroller Discusses Issues Facing Minority-Owned Depository Institutions - Comptroller of the Currency discussed issues facing minority-owned national banks and federal savings associations during a speech to attendees of the National Bankers.  www.occ.gov/news-issuances/news-releases/2013/nr-occ-2013-155.html 

October 4, 2013 - 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/2013/pr13087.html

October 4, 2013 - Taxpayer Confusion over Predictable Tax Liability Changes: Evidence from the Child Tax Credit - Naomi E. Feldman, Peter Katuscak, and Laura Kawano - We develop a model of how taxpayers update beliefs over their tax rates when they encounter a non-salient tax liability change. We test the model's hypotheses using the loss of the Child Tax Credit when a child turns 17. www.federalreserve.gov/pubs/feds/2013/201366/201366pap.pdf

October 4, 2013 - Governor Jeremy C. Stein - The Fire-Sales Problem and Securities Financing Transactions - At the Federal Reserve Bank of New York Workshop on Fire Sales as a Driver of Systemic Risk in Triparty Repo and other Secured Funding Markets, New York, New York.   www.federalreserve.gov/newsevents/speech/stein20131004a.htm

October 4, 2013 - Federal Reserve Board announces approval of applications by First Farmers Bank & Trust - The Federal Reserve Board on Friday announced its approval of the applications by First Farmers Bank & Trust, Converse, Indiana, (1) to acquire certain assets and assume certain liabilities from Bank of Indiana, National Association, Dana, Indiana; and (2) to establish branches and operate branches at the locations of the four acquired branches of Bank of Indiana. www.federalreserve.gov/newsevents/press/orders/20131004a.htm 
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October 3 2013 - Financial market stresses decrease for third straight week - Financial market stresses eased for the third consecutive week, according to the St. Louis Fed Financial Stress Index. For the week ending Sept. 27, 2013, the STLFSI measured -0.615, which was its lowest level since the week ending Aug. 9, 2013. www.stlouisfed.org/newsroom/displayNews.cfm?article=1941

October 3, 2013 - Policy Uncertainty, Irreversibility, and Cross-Border Flows of Capital - Brandon Julio and Youngsuk Yook - We examine the effects of government policy uncertainty on cross-border capital flows. FDI flows from US companies to foreign affiliates drop significantly during the period just before an election. www.federalreserve.gov/pubs/feds/2013/201364/201364pap.pdf

October 3, 2013 - Computing Arbitrage-Free Yields in Multi-Factor Gaussian Shadow-Rate Term Structure Models - Marcel A. Priebsch - This paper develops a method to approximate arbitrage-free bond yields within a term structure model in which the short rate follows a Gaussian process censored at zero.   www.federalreserve.gov/pubs/feds/2013/201363/201363pap.pdf

October 3, 2013 - Surveys and Reports - Senior Credit Officer Opinion Survey on Dealer Financing Terms - The Senior Credit Officer Opinion Survey on Dealer Financing Terms is a quarterly survey providing information about the availability and terms of credit in securities financing and over-the counter derivatives markets. www.federalreserve.gov/econresdata/files/SCOOS_201310.pdf

October 3, 2013 - Freedom of Information Office - Quarterly Report on Personal Identity Verification Credentials.   www.federalreserve.gov/foia/pivcredstatus.htm

October 3.2013 - Agencies release public sections of the second submission of resolution plans for 11 institutions - The Federal Deposit Insurance Corporation and the Board of Governors of the Federal Reserve System on Thursday released the public sections of the recently filed annual resolution plans for 11 firms. Each plan must describe the company's strategy for rapid and orderly resolution in the event of material financial distress or failure of the company.
Press Release: www.federalreserve.gov/newsevents/press/bcreg/20131003a.htm
Press Release: www.fdic.gov/news/news/press/2013/pr13086.html

October 3, 2013 - Governor Jerome H. Powell - Community Banking: Connecting Research and Policy - At the Federal Reserve/Conference of State Bank Supervisors, Community Banking Research Conference, St. Louis, Missouri.  www.federalreserve.gov/newsevents/speech/powell20131003a.htm

October 3, 2013 - Federal Reserve Board announces termination of enforcement action with Alliance Financial Services.   www.federalreserve.gov/newsevents/press/enforcement/20131003a.htm

October 2, 2013 - Forecasting Inflation and the Great Recession - Economic Perspectives article shows how the recovery of inflation in 2009-10 occurred precisely at the only time (since 1985) the models would predict disinflation, i.e., inflation went up when the models said it should go down. www.chicagofed.org/digital_assets/publications/economic_perspectives/2013/3Q2013_part1_bassetto_messer_ostrowski.pdf

October 2, 2013 - Update on Financial Conditions - The NFCI was little changed in September, while August readings of the CFNAI and PCE inflation led to substantial downward revisions to the ANFCI in September. http://chicagofed.org/webpages/publications/nfci/index.cfm 

October 2, 2013 - The Federal Financial Institutions Examination Council today issued a Press Release announcing its support of Cybersecurity Awareness Month. - The Federal Financial Institutions Examination Council is pleased to support Cybersecurity Awareness Month, which engages public and private sector partners to raise awareness and educate Americans about cybersecurity and increase the resiliency of the Nation and its cyber infrastructure. www.ffiec.gov/press/pr100213.htm

October 2, 2013 - Chairman Ben S. Bernanke - Brief Welcoming Remarks = At the "Community Banking in the 21st Century," a Conference Co-sponsored by the Federal Reserve System and the Conference of State Bank Supervisors, St. Louis, Missouri.   www.federalreserve.gov/newsevents/speech/bernanke20131002a.htm

October 1, 2013 - NCUA Issues Cease and Desist Order - The National Credit Union Administration has issued a cease and desist order to Bagumbayan Credit Union of Chicago. www.ncua.gov/News/Pages/NW20131001Bagumbayan.aspx

October 1, 2013 - Community Banks' Performance in Midwest Improves, Chicagoland Institutions Stabilize as Credit Quality Rebuilds - National banks and federal savings associations located in nine Midwestern and upper Midwestern states continue to report better earnings compared with 2012 as a result of improving credit quality, the Office of the Comptroller of the Currency reported today in the agency’s second quarter 2013 risk analysis. www.occ.gov/news-issuances/news-releases/2013/nr-occ-2013-154.html

October 1, 2013 - Federal Reserve Board issues enforcement action with Trinity Capital Corporation.   www.federalreserve.gov/newsevents/press/enforcement/20131001a.htm