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September 30, 2004 - Proposal for Comment - Agency Information
Collection Activities (Report of Assets and Liabilities of U.S. Branches and
Agencies of Foreign Banks: FFIEC 002 and Report of Assets and Liabilities of
Non-U.S. Branches that are Managed or Controlled by a U.S. Branch or Agency
of a Foreign (Non-U.S.) Bank: FFIEC 002S).
September 30, 2004 - The Federal Reserve Board announced Thursday that the
Consumer Advisory Council will hold its next meeting on Thursday, October
28. The meeting will take place in Dining Room E, Terrace level, in the
Board's Martin Building.
September 30 2004 - The Federal Reserve Board on Thursday released the
minutes of its discount rate meetings from July 19 through August 10, 2004.
September 30, 2004 - NCUA - Matz Encourages Credit Unions to Help Close
America's Growing Homeownership Gap - NCUA Board Member says "Homeownership
is no longer the American dream; it has become a mirage for millions of
low-income families" Shiloh of Alexandria offers hope that even the smallest
credit unions can offer affordable mortgages
September 29, 2004 - OTS Announces $1 Million Civil Money Penalty And
Prohibition Order Against Former Savings Bank President - The Office of
Thrift Supervision announced today the imposition of a $1 million civil
money penalty and prohibition order against Robert DeMane, the former
president and director of Dollar Savings Bank, a Newark, New Jersey, savings
institution closed by OTS earlier this year.
September 29, 2004 - NCUA - HUD Secretary Alphonso Jackson to Keynote NCUA's
Access Across America Economic Empowerment Summit - Alphonso Jackson,
Secretary of the U.S. Department of Housing and Urban Development will
deliver the keynote address at the National Credit Union Administration's
Access Across America Economic Empowerment Summit in Tampa, Florida.
September 29, 2004 - NCUA Chairman Johnson Says America's Credit Unions Are
Making the American Dream a Reality for Members - America's credit unions
are providing the on ramp of opportunity for more Americans to seize their
American Dream through economic empowerment, says National Credit Union
Administration Chairman JoAnn Johnson.
September 29, 2004 - OCC Chief Counsel Spotlights Challenges and
Opportunities Presented By New Home Mortgage Disclosure Act Reporting
Requirements - Chief Counsel and First Senior Deputy Comptroller Julie L.
Williams told bankers today that new Home Mortgage Disclosure Act reporting
requirements present challenges, but also offer banks an opportunity to grow
and enhance their business.
September 28, 2004 - Governor Susan Schmidt Bies - Challenges Facing the
Accounting Profession Today To the Cincinnati Chapter of the Ohio Society of
Certified Public Accountants, Cincinnati, Ohio
September 28, 2004 - NCUA Announces Appointment of Deputy Executive Director
- National Credit Union Administration Executive Director J. Leonard Skiles
announced today his selection of J. Owen Cole, Jr., as the Deputy Executive
Director effective December 1, 2004.
September 28, 2004 - OCC Announces New Electronic Interpretations and
Actions - September 2004.
September 28, 2004 - OCC Encourages National Banks to Work with Customers
Affected by Hurricane Jeanne - The Office of the Comptroller of the Currency
has outlined measures to assist national banks and their customers affected
by Hurricane Jeanne. The OCC regulates national banks.
September 28, 2004 - OFAC Sanctions Against Libya Lifted - Summary: The
President of the United States has issued a new executive order that has
lifted the sanctions against Libya.
September 28, 2004 - Estimating Capacity Utilization from Survey Data Norman
Morin and John Stevens - In this paper, we review the history and concepts
behind the Federal Reserve's measures of capacity and capacity utilization,
summarize the methods used to construct the measures, and describe the
principal source data for these measures--the Census Bureau's Survey of
September 28, 2004 - Monetary Policy Alternatives at the Zero Bound: An
Empirical Assessment Ben S. Bernanke, Vincent R. Reinhart, and Brian P. Sack
- The success over the years in reducing inflation and, consequently, the
average level of nominal interest rates has increased the likelihood that
the nominal policy interest rate may become constrained by the zero lower
bound. When that happens, a central bank can no longer stimulate aggregate
demand by further interest-rate reductions and must rely on "non-standard"
September 28, 2004 - Convenience or Necessity? Understanding the Recent Rise
in Credit Card Debt - Kathleen W. Johnson - Economist disagree whether the
recent increase in credit card debt has been detrimental to U.S. households.
However, many rely on a measure of revolving credit published by the Federal
Reserve, which captures transactions in which a credit card is used because
of its advantages over cash or a check.
September 28, 2004 - NCUA - Matz: Credit Unions Can Help Raise Members'
Standard of Living - NCUA Board Member Discusses Opportunities with Credit
Union Leaders at NAFCU Congressional Caucus
September 28, 2004 - Safer, Smarter, More Secure $50 Bill Issued - Banks to
Begin Distributing the Redesigned Note Today Newly redesigned $50 notes
arrive at banks beginning today ready to make their way into circulation and
consumer wallets. Today marks the day the Federal Reserve System distributes
the new note to banks and thus into the public's hands.
September 27, 2004 - OCC Releases CRA Evaluations For 29 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, 2004 through September 14, 2004.
September 27, 2004 - OCC Allows National Bank Offices Affected by Hurricane
Jeanne to Close - The Office of the Comptroller of the Currency today issued
a proclamation allowing national bank offices affected by Hurricane Jeanne
to close at their discretion.
September 17, 2004 - NCUA - Board Member Matz to Speak at Event
Announcing Small Credit Union's Affordable Mortgage Partnership - Press
conference on Sept. 30 with Shiloh of Alexandria FCU will explain how even
the smallest CUs can offer affordable mortgages.
September 17, 2004 - Steps to Help Rebuild Areas Affected by Recent
Hurricanes and Severe Storms - The Federal Deposit Insurance Corporation has
announced a series of steps intended to facilitate the rebuilding process in
areas damaged by the recent hurricanes and severe storms.
September 17, 2004 -NCUA Activates Disaster Assistance for Hurricane and
Tropical Storm Victims.
September 17, 2004 - NCUA to host Access Across America Economic Empowerment
Summit in Tampa, Florida - October 14th.
September 16, 2004 - NCUA - Agenda for the NCUA September 23, 2004 Board
Meeting is Available.
September 16, 2004 - National Credit Union Administration (NCUA) Chairman
JoAnn Johnson announced today that the agency will host a Summit on Credit
Union Capital at NCUA's Alexandria headquarters on Thursday, October 19th at
September 16, 2004 - OCC Encourages National Banks to Work with Customers
Affected by Hurricane Ivan - The Office of the Comptroller of the Currency
has outlined measures to assist national banks and their customers affected
by Hurricane Ivan.
September 16, 2004 - FDIC Extends Comment Period for CRA Proposal - The
Federal Deposit Insurance Corporation has extended the public comment period
on its proposed changes to the Community Reinvestment Act from September 20
to October 20 in order to ensure that as many interested parties as possible
have time to comment.
September 16, 2004 - Household Debt Service and Financial Obligations Ratios
- The household debt service ratio is an estimate of the ratio of debt
payments to disposable personal income. Debt payments consist of the
estimated required payments on outstanding mortgage and consumer debt.
September 16, 2004 - Governor Edward M. Gramlich - Oil Shocks and Monetary
Policy At the Annual Economic Luncheon, Federal Reserve Bank of Kansas City,
Kansas City, Missouri.
September 16, 2004 - NCUA - Regulatory Alert 04-RA-11 - Home Ownership and
Equity Protection Act.
September 16, 2004 - National Credit Union Administration Issues Prohibition
Order - The National Credit Union Administration has issued an Order of
Prohibition for Denise M. Visvydas, a former loan officer with School
Employees of Washington Credit Union, Spokane, Washington.
September 15, 2004 - Comptroller Hawke Addresses Japan Society.
September 15, 2004 - NCUA - Fourth Annual NCUA Budget Briefing and Public
Forum Set for October 12 - National Credit Union Administration announced
today that the agency's fourth annual Budget Briefing and Public Forum is
scheduled for Tuesday, Oct. 12 at 2 p.m. in the Alexandria headquarters
September 15, 2004 - OTS Encourages Thrifts in Path of Hurricane Ivan to use
Prudence in Protecting Employees while Assisting Customers in Need - The
Office of Thrift Supervision today urged thrifts in the path of Hurricane
Ivan to exercise the utmost care and caution to protect the personal safety
of their employees while continuing to assist their customers in need. OTS
asked thrifts to consider all reasonable steps available for maintaining
operations for as long as prudently possible to assist customers' cash and
financial needs in connection with hurricane preparation and evacuation
September 15, 2004 - Truth in Lending Act: Annual Dollar Trigger for Certain
Home Mortgage Loans Bearing Fees Above a Certain Amount - This bulletin
announces that the Board of Governors of the Federal Reserve System recently
published in the Federal Register its annual amendment to its Regulation Z
Commentary related to the dollar amount that triggers requirements for
certain home mortgage loans subject to 12 CFR 226.32.
September 15, 2004 - Unauthorized Banking: Development & Holding Bank of
Belize-Fictitious Internet Bank - This issuance notifies national banks and
regulatory agencies that the OCC has been advised by the Central Bank of
Belize that the Development & Holding Bank of Belize has not been granted a
banking license and is not authorized to conduct the business of banking in
or from Belize.
September 15, 2004 - OCC Announces Six Enforcement Actions and Two
Terminations - The Office of the Comptroller of the Currency today announced
six new enforcement actions taken against national banks and individuals
currently and formerly affiliated with national banks and two terminations
of existing enforcement actions.
September 15, 2004 - FDIC Launches Money Smart Interactive Computer-Based
Instruction Product - The Federal Deposit Insurance Corporation today
announced the release of its award-winning Money Smart financial education
curriculum in an interactive Computer-Based Instruction format on CD-ROM.
The announcement was made at a rollout event at the National Press Club in
September 15, 2004 - FRB Statistical Release G.20 Finance Companies
September 15, 2004 - Unauthorized Banking: Dom Mitra National Bank,
Washington, D.C. - This issuance notifies national banks and regulatory
agencies that the OCC has identified an entity named Dom Mitra claiming to
be a national bank. This entity has been offering unauthorized banking
services in the District of Columbia. Neither the OCC nor the District of
Columbia Department of Insurance, Securities, and Banking has authorized
such an entity to operate as a bank or to conduct any kind of banking
September 15, 2004 - "Remittances: A Gateway to Banking for Unbanked
Immigrants" describes how banks can use these products to attract unbanked
immigrants into the banking system.
September 15, 2004 - The Office of the Comptroller of the Currency provided
guidance to national banks today on three specific credit card practices
that the OCC regards as unacceptable because they may constitute unfair or
deceptive acts or practices, or could otherwise expose a bank to compliance
and reputation risk.
September 15, 2004 - Michael J. Zamorski Honored with Roger W. Jones Award
for Executive Leadership - Michael J. Zamorski, Director of Supervision and
Consumer Protection, Federal Deposit Insurance Corporation, is being honored
September 14 with the Roger W. Jones Award for Executive Leadership,
bestowed by American University's School of Public Affairs. Zamorski will
accept the award at a ceremony and reception this evening at the American
September 15, 2004 - Industrial Production And Capacity Utilization -
Industrial production rose 0.1 percent in August following an upwardly
revised increase of 0.6 percent in July.
September 15, 2004 - Data Show Major Improvement in Credit Quality,
Decreasing Volume of Loan Commitments - The quality of large syndicated bank
loans showed marked improvement this year, according to the Shared National
Credit review released today by federal bank and thrift regulators.
Adversely rated loans continue to subside, although certain industries
continue to have a high concentration of adversely rated loans.
September 14, 2004 - NCUA - Matz Encourages Regulators to Help Credit Unions
Reach New Markets - NCUA Board Member Focuses on Growth and Small CUs at
September 14, 2004 - The Federal Reserve Board on Tuesday announced its
approval of the proposal filed by SunTrust Banks, Inc., Atlanta, Georgia,
and SunTrust Bank Holding Company, Orlando, Florida, to acquire by merger
National Commerce Financial Corporation, including its subsidiary depository
institutions, National Bank of Commerce, NBC Bank, FSB, and First Market
Bank, FSB, all in Memphis, Tennessee.
September 14, 2004 - IRS Partner for Free California Workshop - The National
Credit Union Administration announces today it is partnering with the
Internal Revenue Service to host an Access Across America workshop for
credit union officials and staff on September 30, 2004, in San Jose, Calif.
September 13, 2004 - Interagency Informational Brochure on Internet
"Phishing" Scams - The federal financial institution regulatory agencies
have jointly published an informational brochure to help consumers identify
and combat Internet "phishing" scams.
September 13, 2004 - The Federal Reserve Board on Monday requested public
comment on proposed amendments to Regulation E, which implements the
Electronic Fund Transfer Act, and the regulation's official staff
commentary. The proposed revisions to the regulation would provide guidance
regarding the rights, liabilities, and responsibilities of parties engaged
in electronic check conversion transactions and would provide that payroll
card accounts are "accounts" covered by Regulation E.
September 13, 2004 - Financial Holding Companies - Under the Bank Holding
Company Act, bank holding companies may elect to be financial holding
September 10, 2004 -Chicago Fed President on Wages - The September 10
edition of the Financial Times editorial page featured an opinion piece by
Chicago Fed President Michael Moskow on wages.
September 10, 2004 - NCUA - SBA Deputy Administrator Melanie Sabelhaus to
Deliver Keynote Address at NCUA's Access Across America Economic Empowerment
September 10, 2004 - OTS Lists 35 CRA Exams Scheduled For Fourth Quarter
2004 - The Office of Thrift Supervision announced today that 35 savings
associations are scheduled for Community Reinvestment Act examinations
during the fourth quarter of 2004.
September 10, 2004 - OCC Allows National Bank Offices Affected by Hurricane
Ivan to Close - The Office of the Comptroller of the Currency today issued a
proclamation allowing national bank offices affected by Hurricane Ivan to
close at their discretion.
September 10, 2004 - The Federal Deposit Insurance Corporation has received
complaints from consumers who have received an e-mail that appears to have
been sent by the FDIC. The fraudulent e-mail requests that recipients update
account information due to inactive accounts, frauds and spoof reports, and
that failure to do so will result in closure of the recipient's bank
September 10, 2004 - OTS Lists 35 CRA Exams Scheduled For Fourth
Quarter 2004 - The Office of Thrift Supervision announced today that 35
savings associations are scheduled for Community Reinvestment Act
examinations during the fourth quarter of 2004.
September 10, 2004 - Governor Edward M. Gramlich - Introductory remarks At
the 30th anniversary of the Neighborhood Housing Services of America,
September 9, 2004 - Community Reinvestment Act: Income Level, Median Family
Income - This bulletin announces that the U.S. Census data were recently
updated. This update reflects revisions by the Office of Management and
Budget to the definitions and boundaries of MSAs and MDs. U.S. Census and
2004 HUD estimated median family incomes for MSAs, MDs, and nonmetro
portions of each state are attached.
September 9, 2004 - Comptroller Hawke Will Retire from Government on October
13 - John D. Hawke, Jr., the 28th Comptroller of the Currency, advised
President Bush today that he would retire from government when his term of
office expires on October 13. |
September 9, 2004 - Statement of Chairman Don Powell Regarding the
Retirement of John D. Hawke, Jr., the Comptroller of the Currency and a
Member of the FDIC Board of Directors
September 9, 2004 - Convenience or Necessity? Understanding the Recent Rise
in Credit Card Debt Kathleen W. Johnson - Economist disagree whether the
recent increase in credit card debt has been detrimental to U.S. household.
September 8, 2004 - FDIC Issues September List of Banks Examined For CRA
Compliance - The Federal Deposit Insurance Corporation (FDIC) today issued
its monthly list of state nonmember banks recently evaluated for compliance
with the Community Reinvestment Act.
September 8, 2004 - Statistical Release G.19 Consumer Credit - Consumer
credit increased at an annual rate of 2-1/4 percent in the second quarter of
2004. Revolving credit contracted and nonrevolving credit posted a moderate
September 8, 2004 - Beige Book Informal review by the Federal Reserve Banks
of current economic conditions in their Districts
September 8, 2004 - Testimony of Chairman Alan Greenspan Economic outlook
Before the Committee on the Budget, U.S. House of Representatives September
September 8, 2004 - Federal Bank, Thrift and Credit Union Regulatory
Agencies Provide Brochure with Information on Internet "Phishing" - The
federal bank, thrift and credit union agencies today announced the
publication of a brochure with information to help consumers identify and
combat a new type of Internet scam known as "phishing."
September 8, 2004 - Governor Mark W. Olson - Protecting the financial
infrastructure Before the Committee on Financial Services, U.S. House of
September 7, 2004 - NCUA Activates Disaster Assistance for Hurricane Victims
- The National Credit Union Administration has activated its disaster relief
policy to assist credit unions and their members in areas where offices and
homes were damaged and destroyed by wind, rain and flooding caused by
September 7, 2004 - NCUA - Community Leader to Join PALS Workshop with
Senator Clinton on Oct. 11 in Rochester, N.Y. - Board Member Debbie Matz
today announced that community leader Jean Howard, who runs a model
welfare-to-work organization in inner-city Rochester, will be the luncheon
speaker for NCUA's free Partnering and Leadership Successes workshop on Oct.
September 7, 2004 - NCUA Reschedules January 2005 Board Meeting - The
National Credit Union Administration has rescheduled its January 2005 Board
meeting from January 20 to Thursday, January 13.
September 7, 2004 - OCC Encourages National Banks to Work with Customers
Affected by Hurricane Frances - The Office of the Comptroller of the
Currency has outlined measures to assist national banks and their customers
affected by Hurricane Frances.
September 3, 2004 - FRB Legal Interpretations - Grant of an exemption from
the quantitative limits of section 23A of the Federal Reserve Act, 12 USC
September 2, 2004 - NCUA Issues 2005 Board Meeting Schedule - The National
Credit Union Administration Board today announces its 2005 meeting schedule.
The Board plans to convene at 10 a.m. the second or third Thursday of each
month (except August when the Board historically does not meet) on the
following dates in 2005.
September 2, 2004 - FFIEC Information Technology Examination Handbook - This
bulletin announces that the Federal Financial Institutions Examination
Council has issued two booklets that provide updated guidance on information
technology operations and wholesale payment systems. These booklets complete
the FFIEC Information Technology Examination Handbook series that updates
and replaces the 1996 FFIEC Information Systems Examination Handbook.
September 2, 2004 - Prohibition Against Interstate Deposit Production:
Annual Loan-to-Deposit Ratios - This bulletin announces that the Board of
Governors of the Federal Reserve System, the OCC, and the FDIC recently
issued the enclosed updated host-state loan-to-deposit ratios that the
banking agencies will use to determine compliance with section 109 of the
Riegle-Neal Interstate Banking and Branching Efficiency Act of 1994.
September 2, 2004 - OCC Allows National Bank Offices Affected by Hurricane
Frances to Close - The Office of the Comptroller of the Currency today
issued a proclamation allowing national bank offices affected by Hurricane
Frances to close at their discretion.
September 2, 2004 - Statistical Release - Large Commercial Banks - Insured
U.S.-Chartered Commercial Banks That Have Consolidated Assets of $300
Million or More, Ranked by Consolidated Assets as June 30, 2004
September 1, 2004 - NCUA - Letter to Credit Unions 04-CU-11 - Credit Union
Financial Trends for the First Half of 2004
September 1, 2004 - OCC Issues Fourth Quarter 2004 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 2004.
September 1, 2004 - Infobank, Minsk, Belarus - Subject of Primary Money
Laundering Concern - The Department of the Treasury has designated Infobank,
Minsk, Belarus (and its subsidiaries), to be a financial institution of
primary money laundering concern and has issued a proposed special measure.
September 1, 2004 - First Merchant Bank OSH Ltd., Lefkosa/Nicosia, Cyprus -
Subject of Primary Money Laundering Concern - The U.S. Department of the
Treasury has designated First Merchant Bank OSH Ltd., Lefkosa/Nicosia,
Cyprus (including its subsidiaries), to be a financial institution of
primary money laundering concern and has issued a proposed special measure.
September 1, 2004 - FDIC Submits to Congress Legislative Request for Human
Resources Flexibilities - The Federal Deposit Insurance Corporation today
submitted a request asking Congress to consider legislative changes designed
to provide improved flexibilities in managing human resources.
September 1, 2004 - Statistical Release - G.5 Foreign Exchange Rates
(Monthly) - The Table Below Shows The Average Rates Of Exchange In August
2004 Together With Comparable Figures For Other Months. Averages Are Based
On Daily Noon Buying Rates For Cable Transfers In New York City Certified
For Customs Purposes By The Federal Reserve Bank Of New York.