Bank Regulatory News
September 2001
September 28, 2001 - The
Federal Reserve Board today announced its approval of the proposal by
Native American Bancorporation Co., Denver, Colorado, to become a bank
holding company by acquiring all the voting shares of Blackfeet National
Bank, Browning, Montana, and to engage in permissible community
development activities.
www.federalreserve.gov/boarddocs/press/BHC/2001/20010928/default.htm
September 28, 2001 - The Federal Reserve Board on Friday announced the
appointment of chairmen and deputy chairmen of the twelve Federal Reserve
Banks for 2002.
www.federalreserve.gov/boarddocs/press/BoardActs/2001/20010928/default.htm
September 28, 2001 - The Federal Reserve Board on Friday announced that
the Consumer Advisory Council will hold its next meeting on Thursday,
October 25.
www.federalreserve.gov/boarddocs/press/General/2001/20010928/default.htm
September 28, 2001 - Reporting Suspicious Transactions Relating to the
Recent Terrorist Attacks to Law Enforcement - Banking organizations
supervised by the Federal Reserve and the other federal financial
institutions supervisory agencies are required to report information
concerning known or suspected criminal law violations relating to the
recent terrorist attacks to law enforcement authorities by filing
Suspicious Activity Reports as expeditiously as possible.
www.federalreserve.gov/boarddocs/srletters/2001/sr0123.htm
September 28, 2001 - Federal Open Market Committee Transcripts -
Procedures adopted by the FOMC provide for the public release of
transcripts for an entire year with a five-year lag.
www.federalreserve.gov/fomc/transcripts/default.htm
September 28, 2001 - The Federal
Deposit Insurance Corporation (FDIC) today released a list of orders of
administrative enforcement actions taken against banks and individuals in
August.
www.fdic.gov/news/news/press/2001/pr7001.html
September 28, 2001 - Financial
Institutions Hotline Relating To Terrorist Activity - The
Treasury Department's Financial Crimes Enforcement Network has established
a FINANCIAL INSTITUTIONS HOTLINE, 1-866-556-3974, for financial
institutions to voluntarily report to law enforcement suspicious
transactions that may relate to recent terrorist activity against the
United States.
www.fdic.gov/news/news/financial/2001/fil0187.html
September 28, 2001 - OTS Reminds Thrifts About Law Providing Financial
Relief to U.S. Military Personnel - The Office of Thrift Supervision today
reminded thrifts about provisions of the Soldiers and Sailors Civil Relief
Act of 1940 that affect certain financial liabilities of military
personnel, including in particular military reservists called to active
duty, and new members of the armed forces.
www.ots.treas.gov/docs/77166.html
September 28, 2001 - Dollar Announces Historic Open NCUA Budget Briefing
and Public Forum – Date Set For November 1, 2001 at 2:00pm
www.ncua.gov/news/press_releases/nr092801.html
September 28, 2001 - FinCEN Hotline/Reporting Suspicious Transactions
Relating to the Recent Terrorist Attacks National banks are required to
report information concerning known or suspected criminal law violations
relating to the recent terrorist attacks to law enforcement authorities by
filing Suspicious ActivityReports (SARs) as expeditiously as possible.
Press Release - www.occ.treas.gov/ftp/alert/2001-10.txt
Attachment - www.occ.treas.gov/ftp/alert/2001-10a.pdf
September 27, 2001 - "FED101" Web Site Demystifies the Federal
Reserve - Most Americans know the Federal Reserve has a big influence on
the economy and their money, but probably few could explain how the Fed
does its job.
www.stls.frb.org/general/releases/rel01/nr0927.html
September 27, 2001 - New Web Site
Explains Role of Fed in the U.S. Economy - The Federal Reserve
Board on Thursday launched a new interactive Web site developed by the
economic educators of the Federal Reserve System.
www.kc.frb.org/pubaffrs/pressrel/pr01-15.htm
September 27, 2001 - Questions and
Answers on Consumer Protections for Bank Sales of Insurance - The
Federal Deposit Insurance Corporation (FDIC), the Board of Governors of
the Federal Reserve System, the Office of the Comptroller of the Currency,
and the Office of Thrift Supervision jointly responded on August 17, 2001,
to a set of questions relating to the insurance consumer protection rules
implementing Section 305 of the Gramm-Leach-Bliley Act.
www.fdic.gov/news/news/financial/2001/fil0184.html
September 27, 2001 - Executive Order Targeting Terrorist Assets - On
September 24, 2001, President George W. Bush issued an Executive Order
targeting terrorists. As a result, a number of new names have been added
to Treasury's Office of Foreign Assets Control (OFAC) Specially Designated
Nationals and Blocked Persons list.
http://www.fdic.gov/news/news/financial/2001/fil0185.html
September 27, 2001 - Entities That May Be Conducting Banking Operations in
Canada or the United States Without Authorization - The Office of the
Superintendent of Financial Institutions (OSFI) of Canada has published
the attached issue of "Monthly Warning Advisory" (Issue No. 19),
which contains the names of entities recently brought to OSFI's attention
through an inquiry or complaint.
www.fdic.gov/news/news/financial/2001/fil0186.html
September 27, 2001 - The Federal Reserve Board on Thursday launched
a new interactive web site developed by the economic educators of the
Federal Reserve System.
www.federalreserve.gov/boarddocs/press/General/2001/20010927/default.htm
September 26, 2001 - Large
Commercial Banks - The Federal Reserve Board compiles quarterly
data on domestically chartered insured commercial banks that have
consolidated assets of $100 million or more and releases the data about
twelve weeks after the end of each quarter.
www.federalreserve.gov/releases/lbr/default.htm
September 26, 2001 - OTS Announces 14 August CRA Ratings - The Office of
Thrift Supervision (OTS) today announced savings associations' Community
Reinvestment Act (CRA) performance evaluation ratings that became
available in August 2001.
www.ots.treas.gov/docs/77165.html
September 26, 2001 --Updated the FFIEC 002 Reporting Form
http://www.ffiec.gov/pdf/ffiec_forms/ffiec002_200109.pdf
September 25, 2001 - Terrorist Additions to the OFAC SDN List - The
president has issued a new Executive Order - targeting terrorists, and a
number of new names have been added to OFAC's Specially Designated
Nationals List.
News Release - www.occ.treas.gov/ftp/alert/2001-9.txt
Attachment - www.occ.treas.gov/ftp/alert/2001-9a.pdf
September 25, 2001 - Future
Electricity Policy Poses Challenge to Midwest - The
most pressing long-term issues facing the electricity industry in the
Midwest are restructuring, electric transmission adequacy, and emissions
requirements, according to Chicago Fed Senior Economist Rick Mattoon,
writing in the October 2001 edition of the Chicago Fed Letter
www.chicagofed.org/newsandevents/pressreleases/2001/pr09252001.cfm
September 25, 2001 - Ventura
Savings Bank - Fictitious Checks - The
Federal Deposit Insurance Corporation (FDIC) has learned that fictitious
"official" checks and "certified" checks are in
circulation.
www.fdic.gov/news/news/financial/2001/fil0182.html
September 25, 2001 - Missing
Official Checks - The Federal Deposit Insurance Corporation (FDIC) has
been informed by the Community Bank, Covina, California, that 300 of the
bank's official checks are missing and presumed stolen from a shipment
from the check printer.
www.fdic.gov/news/news/financial/2001/fil0183.html
September 25, 2001- NCUA Issues Order of Prohibition - The National
Credit Union Administration announced that it has issued an Order of
Prohibition against Reetha L. Medina, a former employee of Pueblo City
Employees Federal Credit Union located in Pueblo, Colorado.
www.ncua.gov/news/press_releases/pr092501.html
September 24, 2001 - Public Workshop Co-sponsored by Eight Federal
Agencies - An interagency-sponsored public workshop on Gramm-Leach-Bliley
(GLB) Act privacy notices will be held on Tuesday, December 4, 2001, from
9:00 a.m. to 5:00 p.m. at the Federal Trade Commission, 600 Pennsylvania
Avenue, N.W., Room 432, Washington, D.C. 20580.
www.federalreserve.gov/boarddocs/press/General/2001/20010924/default.htm
September 24, 2001 - Financial
Holding Companies - Under the Bank Holding Company Act, bank
holding companies may elect to be financial holding companies.
www.federalreserve.gov/generalinfo/fhc/default.htm
September 21, 2001 - The Federal Reserve Board on Friday announced it is
extending the deadline for public comment on the potential longer-term
direction of the Board's policy on payments system risk.
www.federalreserve.gov/boarddocs/press/BoardActs/2001/20010921/default.htm
September 21, 2001 – NCUA ASSISTS FBI INVESTIGATION IN CORRESPONDENCE
WITH THE NATION’S CREDIT UNIONS - NCUA Chairman Dennis Dollar issued a
NCUA Letter to Credit Unions today upon receiving a formal request for
assistance by the Federal Bureau of Investigation (FBI).
www.ncua.gov/news/press_releases/nr092101.html
__________
September 21, 2001 - FDIC REPORTS SECOND QUARTER 2001 FINANCIAL RESULTS
FOR BANK AND THRIFT INSURANCE FUNDS
www.fdic.gov/news/news/press/2001/pr6801.html
September 21, 2001 - Reports of
Condition and Income (Call Report) for Third Quarter 2001
The enclosed materials
pertain to the Reports of Condition and Income (Call Report) for the
September 30, 2001, report date.
www.fdic.gov/news/news/financial/2001/fil0180.html
September 21, 2001 - FFIEC 002 Reporting Form Instructions
www.ffiec.gov/pdf/ffiec_forms/ffiec002_200109_inst.pdf
September 21, 2001 – NCUA - Credit
unions can make charitable contributions - Credit unions are
stepping forward to assist families, businesses and fellow credit unions
affected by last week’s tragic events by using their authority to make
charitable contributions and donations.
www.ncua.gov/news/press_releases/pr092101.html
September 21, 2001 – NCUA - September 2001 5300 Call Report Software and
Forms are Available
www.ncua.gov/data/5300/5300.html
September 20, 2001 – NCUA - NCUA Board Meeting Schedule Update
www.ncua.gov/news/board_calendar/board_calendar.html
September 20, 2001 - NCUA CHAIRMAN DENNIS DOLLAR URGES
“DILIGENT MANAGEMENT” IN AMERICA’S CREDIT UNIONS AS NATION FACES
ECONOMIC UNCERTAINTY
www.ncua.gov/news/press_releases/nr092001.html
September 20, 2001 - Strengthening
Compliance with Federal Flood Insurance Requirements - To assist
your institution with reviewing its flood insurance compliance program,
the Federal Deposit Insurance Corporation (FDIC) has attached summaries of
the principal requirements of the National Flood Insurance Act (42 U.S.C.
4001 et seq.) and Part 339 of the FDIC Rules and Regulations (Loans in
Areas Having Special Flood Hazards).
www.fdic.gov/news/news/financial/2001/fil0181.html
September 20, 2001 - Testimony of
Chairman Alan Greenspan - The condition of the financial markets -
Before the Committee on Banking, Housing, and Urban Affairs, U.S. Senate
www.federalreserve.gov/boarddocs/testimony/2001/20010920/default.htm
September 19, 2001 – The Beige Book - Prepared at the Federal Reserve Bank of Chicago based
on information collected before September 10, 2001, thus reflecting
activity prior to the attacks on the World Trade Center and the Pentagon.
www.federalreserve.gov/FOMC/BeigeBook/2001/20010919/Default.htm
September 18, 2001 - FDIC
ribbon-cutting ceremony in Chicago launches nationwide money smart program
-
http://www.fdic.gov/news/news/press/2001/pr6701.html
September 18, 2001 - FBI Request for Records Search by Banking
Organizations - The Federal
Bureau of Investigation has provided the Board and the other federal
financial institutions supervisory agencies with a public list of the
names of alleged subjects under investigation by the FBI in connection
with the World Trade Center and Pentagon attacks, and asked all domestic
and foreign banking organizations operating in the United States to check
their records for any relationships or transactions with the named
individuals.
www.federalreserve.gov/BoardDocs/SRLetters/2001/sr0122.htm
September 18, 2001 – NCUA - August 2001 Regional Director’s Actions
Taken Under Delegation of Authority
www.ncua.gov/ref/delegated/del0801.pdf
September 18, 2001 – NCUA- Identity
Theft and Pretext Calling - The Gramm-Leach-Bliley Act (GLBA)
requires the NCUA to provide guidance to credit unions concerning the
unauthorized disclosure of financial information.
www.ncua.gov/ref/letters/01-CU-09.pdf
September 17, 2001 - The Federal Reserve Bank of
Chicago today announced that David R. Allardice has retired as Senior Vice
President and Manager of the Detroit Branch.
www.chicagofed.org/newsandevents/pressreleases/2001/pr09172001.cfm
September 17, 2001 - The Federal Reserve Board today announced the
approval of the application of Abbey National Treasury Services plc,
London, England, to establish a branch in Stamford, Connecticut.
www.federalreserve.gov/boarddocs/press/BHC/2001/20010917/default.htm
September 17, 2001 - The Federal Open Market Committee decided today to
lower its target for the federal funds rate by 50 basis points to 3
percent.
www.federalreserve.gov/boarddocs/press/general/2001/20010917/default.htm
September 17, 2001 - The Federal Reserve Board on Monday approved actions
by the Boards of Directors of the Federal Reserve Banks of Boston, New
York, Philadelphia, Cleveland, Atlanta and Kansas City, decreasing the
discount rate at the bank from 3 percent to 2-1/2 percent, effective
immediately
www.federalreserve.gov/boarddocs/press/BoardActs/2001/20010917/default.htm
September 17, 2001 – NCUA - President George W. Bush announced Friday
that he has designated NCUA Board Member Dennis Dollar as the agency’s
Chairman.
www.ncua.gov/news/press_releases/nr091701.html
September 17, 2001 – NCUA - President George W. Bush has announced that
he intends to nominate JoAnn Johnson of Iowa to serve on the National
Credit Union Administration Board.
www.ncua.gov/news/press_releases/nr091701a.html
September 14, 2001 – NCUA - The National Credit Union Administration
Board (NCUA) Acting-Chairman Dennis Dollar announced today the
availability of Community Development Revolving Loan Fund technical
assistance grant funds for disaster relief for the five low-income
designated credit unions located in the lower Manhattan area devastated by
the recent tragedy.
www.ncua.gov/news/press_releases/nr091401.html
_____________
September 14, 2001 - Federal Reserve and Bank of Canada augment swap
facility - The Federal Reserve and the Bank of Canada have agreed to a
temporary augmentation of their existing swap facility in order to
facilitate the functioning of financial markets and provide liquidity in
U.S. dollars.
www.federalreserve.gov/boarddocs/press/General/2001/20010914/default.htm
September 14, 2001 - Interagency advisory on bank balance sheets and
capital ratios - Market responses in the aftermath of the tragic events of
September 11 could lead to temporary balance sheet growth at some banking
organizations, including thrifts.
www.federalreserve.gov/boarddocs/press/General/2001/200109143/default.htm
September 14, 2001 - Federal Reserve encourages banks to work with
customers affected by disaster - The Federal Reserve encourages state
member banks and bank holding companies to work with customers who
directly or indirectly have been affected by the events of September 11.
www.federalreserve.gov/boarddocs/press/General/2001/200109142/default.htm
September 14, 2001 - Swap arrangement between the Federal Reserve and the
Bank of England - The Federal Reserve and the Bank of England have agreed
to establish a temporary swap facility in order to facilitate the
functioning of financial markets and provide liquidity in U.S. dollars.
www.federalreserve.gov/boarddocs/press/General/2001/200109144/default.htm
September 14, 2001 - Federal
Reserve encourages banks to work with customers affected by disaster -
The Federal Reserve encourages state member banks and bank holding
companies to work with customers who directly or indirectly have been
affected by the events of September 11.
www.federalreserve.gov/boarddocs/press/general/2001/200109142/default.htm
September 14, 2001 - Entities That
May Be Conducting Banking Operations in Canada or the United States
Without Authorization - The Office of the Superintendent of Financial
Institutions (OSFI) of Canada has published the attached issue of
"Monthly Warning Advisory" (Issue No. 18), which contains the
names of entities recently brought to OSFI's attention through an inquiry
or complaint.
www.fdic.gov/news/news/financial/2001/fil0178.html
September 14, 2001 - Federal Bank and Thrift Regulatory Agencies
Issue Statement - On Possible Temporary Balance Sheet Growth - The Federal
bank and thrift regulatory agencies
issued a statement today addressing the possibility of temporary balance
sheet growth in the aftermath of the tragic events of September 11.
www.occ.treas.gov/ftp/release/2001-82.txt
September 14, 2001 - Consumer Protections for Depository Institution Sales
of Insurance - Final rules establishing consumer protections for
depository institution sales of insurance were published in the Federal
Register on December 4, 2000 (final rules).
Press Release - www.occ.treas.gov/ftp/bulletin/2001-43.txt
Attachment - www.occ.treas.gov/abaqaltr.doc
Attachment - www.occ.treas.gov/abaqa8-13.doc
September 14, 2001 - OTS Reports That Thrift Industry Has Been Operating
Normally in Wake of Crisis - The Office of Thrift Supervision reported
today that the thrift industry has been operating normally and that the
industry has taken steps to assist customers affected by events related to
the September 11 terrorist attacks.
www.ots.treas.gov/docs/77161.html
September 14, 2001 – NCUA - Summary of September 13, 2001 NCUA Closed
Board Meeting
www.ncua.gov/news/board_reports/closedbab091301.html
September 14, 2001 – NCUA - Legal Opinion Letter 01-0724 -- Re: Update
to An Interpretive Guide to the Government in the Sunshine Act
www.ncua.gov/ref/opinion_letters/01-0724.html
September 14, 2001 – NCUA - Legal Opinion Letter 01-0616 -- Re:
FCU Purchase of Certificates of Deposit Through an Introducing Broker
www.ncua.gov/ref/opinion_letters/01-0616.html
September 14, 2001 – NCUA - Legal Opinion Letter 01-0742 -- Re:
Sale of Nondeposit Investment Products by Dual Employees
www.ncua.gov/ref/opinion_letters/01-0742.html
September 14, 2001 – NCUA - Recent Final Rule - 12 CFR Part 701 - NCUA
is issuing a final rule that relaxes certain provisions in NCUA’s
regulations for advertising and posting notice of nondiscrimination in
real estate-related lending.
www.ncua.gov/news/proposed_regs/12CFRPart701-31(d)-final.html
September 13, 2001 – NCUA - Summary of September 13, 2001 NCUA Open
Board Meeting
htwww.ncua.gov/news/board_reports/BAB091301.html
September 13, 2001 – NCUA - Legal Opinion Letter 01-0741 -- Re:
Guidelines for Safeguarding Member Information, Appendix A to Part 748
www.ncua.gov/ref/opinion_letters/01-0741.htm
September 13, 2001 – NCUA - Recently Proposed Rule - 12 CFR Parts 703
and 704 - Investment and Deposit Activities; Corporate Credit Unions
www.ncua.gov/news/proposed_regs/12CFRParts703and704.htm
September 13, 2001 – NCUA -Recent Final Rule - 12 CFR Part 707 - Truth
in Savings
www.ncua.gov/news/proposed_regs/12CFRPart707-interimfinal.html
September 13, 2001 – NCUA - America Responds - U.S. Government
information and resources in response to September 11 events
www.firstgov.gov/featured/usgresponse.html
September 13, 2001 – NCUA - Draft Board Actions for September 13, 2001
Board Meeting are Available for Review
www.ncua.gov/news/draftboardactions/index.htm
September 13, 2001 - The
June 30, 2001 Uniform Bank Performance Report (UBPR) now being distributed
to all insured commercial banks and Federal Deposit Insurance Corporation
- Insured Savings Banks (FDIC-ISB) is now available for sale to the
public.
www.ffiec.gov/press/pr091301.htm
September 13, 2001 - OCC RELEASES CRA EVALUATIONS FOR 13 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 August 15 through September 14.
www.occ.treas.gov/ftp/release/2001-80.txt
September 13, 2001 - OCC ANNOUNCES 19 NEW ENFORCEMENT ACTIONS AND 5
TERMINATIONS - The Office of the Comptroller of the Currency today
announced 19 new enforcement actions taken against national banks and
individuals currently and formerly affiliated with national banks and 5
terminations of existing enforcement actions.
www.occ.treas.gov/ftp/release/2001-81.txt
September 13, 2001 - Swap arrangement between the Federal Reserve and the
European Central Bank - In order to facilitate the functioning of
financial markets and provide liquidity in dollars, the Federal Reserve
and the European Central Bank have agreed on a swap arrangement.
www.federalreserve.gov/boarddocs/press/General/2001/20010913/default.htm
September 13, 2001 - OCC RELEASES CRA EVALUATIONS FOR 13 NATIONAL BANKS -
The Office of the Comptroller of the Currency today released a list of
Community Reinvestment Act (CRA) performance evaluations that became
public during the period of August
15 through September 14.
www.occ.treas.gov/ftp/release/2001-80.txt
September 12, 2001 - STATEMENT FROM FDIC CHAIRMAN DONALD E. POWELL - With
the exception of our offices in New York City, the Federal Deposit
Insurance Corporation is open for business today, and, as of this time, we
have received no reports of harm to any of our colleagues in New York City
arising from events yesterday.
www.fdic.gov/news/news/press/2001/pr6501.html
September 12, 2001 - OCC Encourages National Banks to Work - With
Customers Affected by Terrorist Attacks - The Office of the Comptroller of
the Currency (OCC) is encouraging national banks to work with customers
affected by Tuesday's terrorist attacks in New York and Washington.
www.occ.treas.gov/ftp/release/2001-79.txt
September 12, 2001 - OTS Asks Thrifts to Assist Customers Affected by
Terrorist Attacks - The
Office of Thrift Supervision (OTS) today announced steps thrifts can take
to assist customers affected by events related to Tuesday’s terrorist
attacks in New York City and Washington, DC.
www.ots.treas.gov/docs/77160.html
September 11, 2001 - OCC Allows National Bank Offices Affected by
Emergency to Close - The Office of the Comptroller of the Currency today
issued a proclamation allowing national bank offices affected by the
emergency situation to close at their discretion.
Press Release - www.occ.treas.gov/ftp/release/2001-78.txt
Attachment - www.occ.treas.gov/ftp/release/2001-78a.pdf
September 11, 2001 - OTS Outlines Reasons for Superior Bank Failure and
Suggests Remedies - Office of Thrift Supervision Director Ellen Seidman
detailed the history of the failed Superior Bank for the Senate Banking
Committee today.
www.ots.treas.gov/docs/77159.html
September 11, 2001 - OTS Issued Eight Enforcement Orders in July - The
Office of Thrift Supervision (OTS) today reported that it issued eight
enforcement orders to three individuals and four institutions and
terminated three others during July.
www.ots.treas.gov/docs/77158.html
September 12, 2001 - NCUA Disaster Assistance Activated for New York City
and
Arlington, Va. Credit Unions - The National Credit Union Administration
today activated its disaster relief policy to assist credit unions and
their members in New York City and Arlington County, Va., following the
destruction of the Twin Towers yesterday in New York City and the damage
to the Pentagon in Arlington, Va.
www.ncua.gov/news/press_releases/pr091201.html
September 10, 2001 - Regional Director’s Actions Taken Under Delegation
of Authority
www.ncua.gov/ref/delegated/del0701.pdf
September 10, 2001 - Counterfeit Cashier's Checks - The Federal Deposit
Insurance Corporation (FDIC) has learned that counterfeit cashier's checks
drawn on the Interamerica Bank, Albuquerque, New Mexico, are in
circulation.
www.fdic.gov/news/news/financial/2001/fil0176.html
September 10, 2001 - Survey of Tenth District Manufacturers - Manufacturing
activity in the Kansas City Federal Reserve District remained relatively
weak in August and expectations about future production also remained
somewhat subdued.
www.kc.frb.org/Mfgsurv/2001Sep10mfg.htm
September 10, 2001 - OCC and ABA Co-Sponsor Community and Economic
Development Conference - The Office of the Comptroller of the Currency and
the American Bankers Association will co-sponsor the 2001 National
Community and Economic Development Conference titled "Grow
Markets.... Grow Profits" in Baltimore, Maryland on September 17-19.
http://www.occ.treas.gov/ftp/release/2001-77.txt
September 7, 2001 - Sinclair National Bank Closed by the OCC and FDIC
Appointed Receiver - Sinclair National Bank, Gravette, Arkansas, was
closed today by the Office of the Comptroller of the Currency and the
Federal Deposit Insurance Corporation was appointed receiver.
http://www.occ.treas.gov/ftp/release/2001-76.txt
September 7, 2001 - FDIC APPROVES THE ASSUMPTION OF THE INSURED DEPOSITS
OF SINCLAIR NATIONAL BANK, GRAVETTE, ARKANSAS- The Board of Directors of
the Federal Deposit Insurance Corporation has approved the assumption of
the insured deposits of Sinclair National Bank, Gravette, Arkansas, by
Delta Trust & Bank, Parkdale, Arkansas.
www.fdic.gov/news/news/press/2001/pr6301.html
______________
September 7, 2001 - Sinclair National Bank, Gravette, Arkansas, was
closed today by the Office of the Comptroller of the Currency (OCC) and
the Federal Deposit Insurance Corporation (FDIC) was appointed
receiver. http://www.occ.treas.gov/ftp/release/2001-76.txt
September 7, 2001 - The Board of Directors of the Federal Deposit
Insurance Corporation (FDIC) has approved the assumption of the insured
deposits of Sinclair National Bank, Gravette, Arkansas, by Delta Trust
& Bank, Parkdale, Arkansas. http://www.fdic.gov/news/news/press/2001/pr6301.html
September 7, 2001 - LATEST FDIC SURVEY FINDS SOME WEAKENING IN REAL ESTATE
MARKETS - The latest results of
the FDIC's Survey of Real Estate Trends indicated somewhat weaker
conditions in the nation's real estate markets, particularly for local
offices.
www.fdic.gov/news/news/press/2001/pr6201.html
September 7, 2001 - Agricultural
Loans Affected by the Drought in the Klamath Basin of Southern Oregon and
Northern California - The Federal Deposit Insurance Corporation is
encouraging banks to work constructively with agricultural borrowers
affected by the severe drought in the Klamath Basin of Southern Oregon and
Northern California.
www.fdic.gov/news/news/financial/2001/fil0175.html
September 7, 2001 - OCC Reports "More Normal" Derivatives
Trading Revenue for Banks - U.S. commercial banks earned $2.8 billion from
cash instruments and derivatives activities in the second quarter of 2001,
down from the $4.0 billion record revenue of the first quarter.
Press Release - www.occ.treas.gov/ftp/release/2001-75.txt
Attachment - www.occ.treas.gov/ftp/deriv/dq201.pdf
September 7, 2001 - NCUA Issues Order of Prohibition - The National
Credit Union Administration announced that it has issued an Order of
Prohibition against Denis Kelleher, former manager of Delta-Wye Federal
Credit Union located in Dorchester, Massachusetts.
www.ncua.gov/news/press_releases/pr090701-3.html
September 7, 2001 - NCUA Issues Order of Prohibition - The National Credit
Union Administration announced today that it has issued an Order of
Prohibition against Thomas F. Roffey, an institution-affiliated party of
Delta-Wye Federal Credit Union located in Dorchester, Massachusetts.
www.ncua.gov/news/press_releases/pr090701-2.html
September 7, 2001 - NCUA Issues Order of Prohibition - The National Credit
Union Administration announced that it has issued an Order of Prohibition
against Diana Lightner, a former loan officer with Air Guard Federal
Credit Union located in Sioux Falls, South Dakota.
www.ncua.gov/news/press_releases/pr090701.html
September 7, 2001 - NCUA CHIEF TELLS TEXAS CREDIT UNIONS AGENCY’S
STREAMLINED APPROACH TO ADOPTING UNDERSERVED AREAS MAY OPEN DOORS FOR
GREATER EXPANSION INTO HISPANIC COMMUNITIES
www.ncua.gov/news/press_releases/nr090701.html
September 6, 2001 - Thrift
Industry Earnings Set Quarterly Record - Thrift industry earnings rose
sharply during the second quarter of 2001 to a record $2.5 billion, the
Office of Thrift Supervision (OTS) reported today. OTS Director Ellen
Seidman attributed the strong earnings to continued strength in the
housing market coupled with low mortgage interest rates.
www.ots.treas.gov/docs/77157.html
September 5, 2001 - FDIC ISSUES SEPTEMBER LIST OF BANKS EXAMINED FOR CRA
COMPLIANCE - The Federal Deposit Insurance Corporation today issued its
monthly list of state nonmember banks recently evaluated for compliance
with the Community Reinvestment Act .
www.fdic.gov/news/news/press/2001/pr6001.html
September 5, 2001 - COMMERCIAL BANKS EARN ALMOST $20 BILLION
IN SECOND QUARTER, 2001 - Insured commercial banks earned $19.2 billion in
the second quarter of 2001, the Federal Deposit Insurance Corporation
announced Wednesday.
www.fdic.gov/news/news/press/2001/pr6101.html
September 5, 2001 - HUD's 2001 Adjusted Median Family Income Figures
- Attached are the 2001 median family income figures developed by
the Department of Housing and Urban Development for each metropolitan
statistical area (MSA) and the tatewide portions of nonmetropolitan areas.
www.fdic.gov/news/news/financial/2001/fil0174.html
September 5, 2001 - OCC Issues Fourth Quarter 2001 CRA Examination
Schedule - The Office of the Comptroller of the Currency today released
its schedule of Community Reinvestment Act examinations to be conducted in
the fourth quarter of 2001.
Press Release - www.occ.treas.gov/ftp/release/2001-74.txt
Attachment - www.occ.treas.gov/ftp/release/2001-74a.pdf
September 5, 2001 - Chicago
Fed Names Spencer Krane Vice President in Research Area - The
Federal Reserve Bank of Chicago today announced that Spencer D. Krane has
been named Vice President and Economic Advisor in the Research Department.
www.chicagofed.org/newsandevents/pressreleases/2001/pr09052001.cfm
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