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The E-mail Banking News
(Bank Regulatory News)

September 2011

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September 30, 2011 - American First National Bank, Houston, Texas, Assumes All of the Deposits of First International Bank, Plano, Texas - First International Bank, Plano, Texas, was closed today by the Texas Department of Banking, which appointed the Federal Deposit Insurance Corporation as receiver. To protect the depositors, the FDIC entered into a purchase and assumption agreement with American First National Bank, Houston, Texas, to assume all of the deposits of First International Bank. www.fdic.gov/news/news/press/2011/pr11156.html 

September 30 2011 - FDIC Makes Public August Enforcement Actions; No Administrative Hearings Scheduled For September 2011 - The Federal Deposit Insurance Corporation (FDIC) today released a list of orders of administrative enforcement actions taken against banks and individuals in August. No administrative hearings are scheduled. www.fdic.gov/news/news/press/2011/pr11155.html

September 30, 2011 - International Regulatory Cooperation After Crisis - Chicago Fed Letter describes new objectives and responsibilities for regulators in jurisdictions around the world. www.chicagofed.org/digital_assets/publications/chicago_fed_letter/2011/cflnovember2011_292.pdf 

September 30, 2011 - September Burgundy Book Paints a Mixed Economic Picture for the St. Louis Regional Economy.   www.stls.frb.org/newsroom/displayNews.cfm?article=1159 

September 30, 2011 - September Burgundy Book Shows Moderate Improvement for the Little Rock Regional Economy.  www.stls.frb.org/newsroom/displayNews.cfm?article=1162

September 30, 2011 - September Burgundy Book Shows Ongoing Weakness in the Memphis Regional Economy - The September edition of the Burgundy Book, the Federal Reserve Bank of St. Louis’ quarterly summary of detailed economic information and data for the Memphis region, is now available. The Memphis region covers 21 counties in western Tennessee and 39 counties in northern Mississippi. www.stls.frb.org/newsroom/displayNews.cfm?article=1160

September 30, 2011 - FDIC Makes Public August Enforcement Actions; No Administrative Hearings Scheduled For September 2011- The Federal Deposit Insurance Corporation today released a list of orders of administrative enforcement actions taken against banks and individuals in August. No administrative hearings are scheduled. www.fdic.gov/news/news/press/2011/pr11155.html

September 30 2011 - Credit and Liquidity Programs and the Balance Sheet - Recent balance sheet trends, weekly chart data update.   www.federalreserve.gov/monetarypolicy/bst_recenttrends.htm 

September 30, 2011 - Empirical Estimation of Trend and Cyclical Export Elasticities - Jane Haltmaier - This paper uses an adaptation of Vahid and Engle's common trend/common cycle analysis to estimate trend and cyclical export elasticities for trading partner income and real exchange rates for 36 countries. For the countries for which both types of income elasticities can be identified, the cyclical elasticity is on average more than twice as large as the trend elasticity. www.federalreserve.gov/pubs/ifdp/2011/1030/default.htm
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September 29, 2011 - Midwest Economic Growth Weakened in August - The Midwest Economy Index decreased to –0.24 in August from +0.01 in July, marking the first time that the index has indicated below-average Midwest growth in 18 months. www.chicagofed.org/digital_assets/publications/mei/2011/mei_august2011.pdf

September 29, 2011 - NCUA Issues 2012 Board Meeting Schedule - The National Credit Union Administration Board released its monthly meeting schedule for 2012 today. No meeting is scheduled for August. All open meetings on the following dates are scheduled to begin at 10 a.m. www.ncua.gov/news/press_releases/2011/MR11-0929-2012BoardCalendar.pdf 

September 29, 2011 - Mortgage Delinquencies Rose During Second Quarter of 2011 - The performance of first-lien mortgages serviced by large national banks and federal savings associations declined slightly during the second quarter of 2011, according to a report released today by the Office of the Comptroller of the Currency.  www.occ.gov/news-issuances/news-releases/2011/nr-occ-2011-124.html

September 29, 2011 - Agriculture Banks Are Outperforming Their Peers, But How Long Will It Last? - By Gary S. Corner - The domestic agriculture industry has been thriving over the last decade. According to the U.S. Department of Agriculture, six of the past eight years rank among the top 10 income-producing years for the industry since 1980. www.stls.frb.org/publications/cb/articles/?id=2147

September 29, 2011 - Statistical Release - E.2 Survey of Terms of Business Lending.  www.federalreserve.gov/releases/e2/201106/default.htm 

September 29, 2011 - Current FAQs - What is lawful money? How is it different from legal tender? www.federalreserve.gov/faqs/money_15197.htm

September 28, 2011 - The Northwest Side Community Development Corporation: Transforming the Approach to Creating Positive Economic Impact in Distressed Communities.  www.chicagofed.org/webpages/publications/profitwise_news_and_views/2011/pnv_sept2011.cfm

September 28, 2011 - Update on Financial Conditions - The National Financial Conditions Index edged up to -0.27 and the ANFCI increased to -0.49 in the week ending September 23, with the former reaching its highest point since November 2009. www.chicagofed.org/webpages/publications/nfci/index.cfm

September 28 2011 - The FFIEC issued a Press Release announcing the appointment of Judith E. Dupre as executive secretary of the Council. www.ffiec.gov/press/pr092811.htm

September 28, 2011 - Transcript from the September 20, 2011 Capital One Financial Corporation and ING Bank meeting. www.federalreserve.gov/generalinfo/foia/capone-ing.htm

September 28, 2011 - Chairman Ben S. Bernanke - Lessons from Emerging Market Economies on the Sources of Sustained Growth At the Cleveland Clinic "Ideas for Tomorrow" Series, Cleveland, Ohio.  www.federalreserve.gov/newsevents/default.htm

September 28, 2011 - The Federal Reserve Board on Wednesday announced the issuance of a Consent Order of Prohibition against Max Grunhof, a former institution-affiliated party of First Pryority Bank, Pryor, Oklahoma, a state member bank.   www.federalreserve.gov/newsevents/press/enforcement/20110928b.htm

September 28, 2011 - The Federal Reserve Board today announced that a public administrative hearing will commence on November 14, 2011, in connection with an enforcement action against Bryan T. Posey, former President and Director of Security Bank, Tulsa, Oklahoma, a state member bank. www.federalreserve.gov/newsevents/press/enforcement/20110928a.htm

September 27, 2011 - The Federal Reserve Board on Tuesday announced the approval of an application by The Bank of Fukuoka, Ltd., Fukuoka, Japan, to establish a representative office in New York, New York. www.federalreserve.gov/newsevents/press/orders/20110927b.htm 

September 27, 2011 - The Federal Reserve Board on Tuesday announced the approval of an application by Banca Popolare di Vicenza S.C.p.A., Vicenza, Italy, to establish a representative office in New York, New York. www.federalreserve.gov/newsevents/press/orders/20110927a.htm

September 26, 2011 - St. Louis Fed’s Bullard Discusses America’s Investment Problem and Monetary Policy - On Monday, Federal Reserve Bank of St. Louis President James Bullard delivered remarks titled “America’s Investment Problem and Monetary Policy” as part of a panel discussion on “Policy Making After the Crisis.” www.stls.frb.org/newsroom/displayNews.cfm?article=1156

September 26, 2011 - Governor Sarah Bloom Raskin - Monetary Policy and Job Creation - At the University of Maryland Smith School of Business Distinguished Speaker Series, Washington, D.C. www.federalreserve.gov/newsevents/speech/raskin20110926a.htm

September 23 2011 - Tri Counties Bank, Chico, California, Assumes All of the Deposits of Citizens Bank of Northern California, Nevada City, California - Citizens Bank of Northern California, Nevada City, California, was closed today by the California Department of Financial Institutions, which appointed the Federal Deposit Insurance Corporation as receiver. To protect the depositors, the FDIC entered into a purchase and assumption agreement with Tri Counties Bank, Chico, California, to assume all of the deposits of Citizens Bank of Northern California. www.fdic.gov/news/news/press/2011/pr11154.html 

September 23, 2011 - Southern Bank and Trust Company, Mount Olive, North Carolina, Assumes All of the Deposits of Bank of the Commonwealth, Norfolk, Virginia - Bank of the Commonwealth, Norfolk, Virginia, was closed today by the Virginia State Corporation Commission. The Federal Deposit Insurance Corporation was appointed as receiver. To protect the depositors, the FDIC entered into a purchase and assumption agreement with Southern Bank and Trust Company, Mount Olive, North Carolina, to assume all of the deposits of Bank of the Commonwealth. www.fdic.gov/news/news/press/2011/pr11153.html

September 23, 2011 - NCUA Announces Bidders’ Meeting for U.S. Central Bridge Operations - The National Credit Union Administration will host a meeting at 1 pm central Oct. 3, for parties interested in acquiring U.S. Central Bridge Corporate Federal Credit Union operations. U.S. Central Bridge is a wholesale operation that provides correspondent banking services to corporate credit unions. www.ncua.gov/news/press_releases/2011/MR11-0923BiddersMeet.pdf 

Acting Comptroller Discusses Housing and Foreclosures at the Institute of International Finance - Acting Comptroller of the Currency John Walsh today discussed housing and foreclosures during a panel discussion at the Institute of International Finance in Washington, D.C. www.occ.gov/news-issuances/news-releases/2011/nr-occ-2011-123.html

September 23, 2011 - Credit and Liquidity Programs and the Balance Sheet - Recent balance sheet trends, weekly chart data update.   www.federalreserve.gov/monetarypolicy/bst_recenttrends.htm

September 23, 2011 - Credit and Liquidity Programs and the Balance Sheet, September 2011.  www.federalreserve.gov/files/monthlyclbsreport201109.pdf
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September 22, 2011 - OCC Enforcement Actions - The Office of the Comptroller of the Currency today released new enforcement actions taken against national banks and individuals currently and formerly affiliated with national banks. www.occ.gov/news-issuances/news-releases/2011/nr-occ-2011-122.html 

September 22, 2011 - Deputy Comptroller Testifies on Consumer Credit - Deputy Comptroller for Community Affairs Barry Wides discussed consumer credit in testimony before the Subcommittee on Financial Institutions and Consumer Credit of the U.S. House Committee on Financial Services. www.occ.gov/news-issuances/news-releases/2011/nr-occ-2011-121.html

September 22 2011 - Legal Developments - Section 19 letters, May 17, May 23, June 2 (2 letters), June 3, June 6, June 14, June 15, and August 3, 2011 (2 letters).  www.federalreserve.gov/bankinforeg/legaldevelopments/ordersother2011.htm 

September 22, 2011 - Federal Reserve Bulletin - The Mortgage Market in 2010: Highlights from the Data Reported under the Home Mortgage Disclosure Act - This article presents a number of key findings from a review of the data that mortgage lending institutions reported for 2010 under the Home Mortgage Disclosure Act.  
Press Release: www.federalreserve.gov/pubs/bulletin/default.htm
Press Release: www.ffiec.gov/press/pr092211.htm
Press Release: www.ncua.gov/news/press_releases/2011/JR11-0922HMDAData2011FFIEC.pdf 

September 22, 2011 - Federal Reserve Board issues enforcement action with SWNB Bancorp, Inc.   www.federalreserve.gov/newsevents/press/enforcement/20110922a.htm

September 22 2011 - NCUA Board Enhances Timeliness in Corporate Credit Union Rule - Net Worth, Equity Ratio Definitions Finalized - The National Credit Union Administration Board convened its tenth open meeting at the agency’s headquarters here today and unanimously approved two items.   www.ncua.gov/GenInfo/BoardandAction/Reports/2011/BAB11-0922.pdf 

September 22, 2011 - NCUA Testifies on Underbanked Credit - Low-Income Community Lending Increases, Small Loans Product Takes Root – National Credit Union Administration Executive Director David Marquis testified before the House Financial Services Subcommittee on Financial Institutions and Consumer Credit here today on the availability of credit for and lending to people who primarily use alternative financial services, also called the underbanked. www.ncua.gov/news/press_releases/2011/MR11-0922UnderbankedTestimony.pdf 

September 21, 2011 - NCUA Issues Prohibition Order - The National Credit Union Administration issued an order prohibiting the following individual from participating in the affairs of any federally insured financial institution.  www.ncua.gov/news/press_releases/2011/MR11-0921ProhibitionCooper.pdf 

September 21, 2011 - Federal Reserve issues FOMC statement - Information received since the Federal Open Market Committee met in August indicates that economic growth remains slow. Recent indicators point to continuing weakness in overall labor market conditions, and the unemployment rate remains elevated. Household spending has been increasing at only a modest pace in recent months despite some recovery in sales of motor vehicles as supply-chain disruptions eased. www.federalreserve.gov/newsevents/press/monetary/20110921a.htm

September 20, 2011 - Statistical Release - Household Debt Service and Financial Obligations Ratios - The household debt service ratio is an estimate of the ratio of debt payments to disposable personal income. Debt payments consist of the estimated required payments on outstanding mortgage and consumer debt. www.federalreserve.gov/releases/housedebt/default.htm

September 20 2011 - Federal Reserve Board issues final rule under Regulation B regarding data collection compliance requirements for motor vehicle dealers.  www.federalreserve.gov/newsevents/press/bcreg/20110920a.htm 

September19, 2011 - NCUA - NCUA Chairman Launches Regulatory Modernization Initiative - National Credit Union Administration Board Chairman Debbie Matz today announced a ?Regulatory Modernization Initiative? to keep credit unions safe and sound while relieving regulatory burdens.  www.ncua.gov/news/press_releases/2011/MR11-0919MatzUnveilsPlanRelieveRegBurdens.pdf   

September 19, 2011 - Acting Comptroller of the Currency John Walsh today discussed foreclosure and mortgage servicing during a keynote address at the two-day American Banker Regulatory Symposium in Washington, D.C.  www.occ.gov/news-issuances/news-releases/2011/nr-occ-2011-120.html 

September 19, 2011 - Regulatory Reform - Communications with the public through September 19, 2011.   www.federalreserve.gov/newsevents/reform_meetings.htm 

September 19, 2011 - Plant-Level Responses to Antidumping Duties: Evidence from U.S. Manufacturers - This paper describes the effects of a temporary increase in tariffs on the performance and behavior of U.S. manufacturers. Using a dataset that includes the full population of U.S. manufacturing plants, I show that an apparent positive correlation between antidumping duties and traditional revenue productivity is likely misleading.  www.federalreserve.gov/pubs/feds/2011/201140/201140abs.html 

September 16, 2011 - OCC Reports Second Quarter Trading Revenue of $7.4 Billion.  www.occ.gov/news-issuances/news-releases/2011/nr-occ-2011-118.html 

September 16 2011 - Freedom of Information Act - Public comments and materials relating to Capital One Financial Corporation and ING Bank hearing.   www.federalreserve.gov/generalinfo/foia/capone-ing.htm

September16, 2011 - Statistical Release - Z.1 Flow of Funds.  www.federalreserve.gov/releases/Z1/Current/default.htm 

September 16, 2011 - Credit and Liquidity Programs and the Balance Sheet - Recent balance sheet trends, weekly chart data update.   www.federalreserve.gov/monetarypolicy/bst_recenttrends.htm
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September15, 2011 - Governor Daniel K. Tarullo - Industrial Organization and Systemic Risk: An Agenda for Further Research - At the Conference on the Regulation of Systemic Risk, Federal Reserve Board, Washington, D.C. www.federalreserve.gov/newsevents/speech/tarullo20110915a.htm

September 15, 2011 - Chairman Ben S. Bernanke Opening remarks - At the Conference on the Regulation of Systemic Risk, Federal Reserve Board, Washington, D.C. www.federalreserve.gov/newsevents/speech/bernanke20110915a.htm

September 15, 2011 - Esther George named president and chief executive officer of the Federal Reserve Bank of Kansas City = Esther George, first vice president and chief operating officer of the Federal Reserve Bank of Kansas City, has been appointed president and chief executive officer of the Bank. She will succeed Thomas M. Hoenig, who is retiring from the Bank on Oct. 1 as required by mandatory Federal Reserve retirement rules for presidents. www.kc.frb.org/publicat/newsroom/2011pdf/press.release.09.15.11.pdf

September 15, 2011 - OCC Issues Monthly Cost of Funds Reports for July - The Office of the Comptroller of the Currency today issued the monthly Cost of Funds reports (current and historical), which provide information about funding costs, as of July 31, 2011, for institutions formerly regulated by the Office of Thrift Supervision www.occ.gov/news-issuances/news-releases/2011/nr-occ-2011-117.html

September 15 2011 - Statistical Release - G.17 Industrial Production - Industrial production increased 0.2 percent in August after having advanced 0.9 percent in July. Manufacturing rose 0.5 percent in August, after a similarly sized gain in July, and the rates of change were revised down slightly in April, May, and June. www.federalreserve.gov/releases/g17/current/

September 14, 2011 - NCUA Issues Prohibition Orders - The National Credit Union Administration has issued orders prohibiting the following individuals from participating in the affairs of any federally insured financial institution: www.ncua.gov/news/press_releases/2011/MR11-0914Prohibition_Lockheed%20FCU.pdf 

September 14, 2011 - Assessment Rate Adjustment Guidelines - On September 13, 2011, the FDIC Board of Directors adopted the attached guidelines describing the process that the FDIC will follow to determine whether to make an adjustment to the score used to calculate the deposit insurance assessment rate for a large or highly complex institution, to determine the size of any adjustment, and to notify an institution of an adjustment. www.fdic.gov/news/news/financial/2011/fil11064.html 

September 14, 2011 - FDIC Announces Closing of Its Midwest Temporary Satellite Office in Schaumburg, Illinois - The Federal Deposit Insurance Corporation today announced that its Midwest Temporary Satellite Office, located at 200 North Martingale Road, Schaumburg, IL, will be closed on September 28, 2012. The temporary office was approved by the FDIC Board of Directors in January 2010 to manage receiverships and to liquidate assets from failed financial institutions primarily located in the Midwest. www.fdic.gov/news/news/press/2011/pr11152.html

September 14 2011 - Payment Systems - Frequently Asked Questions about General-Use Prepaid Cards and Circumvention and Evasion.   www.federalreserve.gov/paymentsystems/regii_faq.htm

September13, 2011 - OCC Encourages National Banks and Federal Savings Associations to Work with Customers Affected by Wild Fires and Drought in Southwest States - The Office of the Comptroller of the Currency encourages national banks and federal savings associations to work with customers affected by the wild fires and drought in the southwest United States. www.occ.gov/news-issuances/news-releases/2011/nr-occ-2011-116.html

September 13, 2011 - FDIC Adopts Final Rule on Resolution Plans Under Dodd-Frank - The Federal Deposit Insurance Corporation today approved a final rule to be issued jointly by the FDIC and the Federal Reserve Board to implement Section 165(d) of the Dodd-Frank Wall Street Reform and Consumer Protection Act. This provision requires bank holding companies with assets of $50 billion or more and companies designated as systemic by the Financial Stability Oversight Council to report periodically to the FDIC and the Federal Reserve the company's plan for its rapid and orderly resolution in the event of material financial distress or failure. www.fdic.gov/news/news/press/2011/pr11151.html

September 13, 2011 - FDIC Board Approves Interim Final Rule Requiring Resolution Plans for Insured Depository Institutions Over $50 Billion - The FDIC today approved an Interim Final Rule that would require an insured depository institution with $50 billion or more in total assets to submit periodic contingency plans to the FDIC for resolution in the event of the financial institution's failure. www.fdic.gov/news/news/press/2011/pr11150.html 

September 13, 2011 - Federal Reserve Board issues enforcement action with Pinnacle Bank Holding Company.   www.federalreserve.gov/newsevents/press/enforcement/20110913a.htm

September 12, 2011 - Innovation in Midwest Food Industries - In a blog posting, Chicago Fed's William Testa and David Oppedahl review key regional developments in agriculture. www.chicagofed.org/webpages/index.cfm

September 12, 2011 - NCUA - Office of Public & Congressional Affairs - National Credit Union Administration Board Chairman Debbie Matz today announced the appointment of Lara K. Rodríguez as the agency’s new Deputy General Counsel. Rodríguez succeeds Michael McKenna, who became General Counsel in early August. www.ncua.gov/news/press_releases/2011/MR11-0912RodríguezAppointed.pdf

September 12 2011 - Regulatory Reform - Communications with the public through September 12, 2011.   www.federalreserve.gov/newsevents/reform_meetings.htm

September 9, 2011 - CharterBank, West Point, Georgia, Assumes All of the Deposits of The First National Bank of Florida, Milton, Florida - The First National Bank of Florida, Milton, Florida, was closed today by the Office of the Comptroller of the Currency, which appointed the Federal Deposit Insurance Corporation as receiver. To protect the depositors, the FDIC entered into a purchase and assumption agreement with CharterBank, West Point, Georgia, to assume all of the deposits of The First National Bank of Florida. www.fdic.gov/news/news/press/2011/pr11149.html 

September 9, 2011 - Lessons from Bangladesh: How Microfinance Can Work in America - Daniel Davis, former community development specialist with the St. Louis Fed, traveled to Bangladesh in the winter of 2010/2011 to examine the impact microcredit has had on the developing nation. www.stls.frb.org/newsroom/multimedia/video/2011-bangladesh_microfinance.cfm

September 9, 2011 - Statistical Release - Structure and Share Data for U.S. Offices of Foreign Banks.  www.federalreserve.gov/releases/IBA/default.htm 

September 9, 2011 - Credit and Liquidity Programs and the Balance Sheet - Recent balance sheet trends, weekly chart data update www.federalreserve.gov/monetarypolicy/bst_recenttrends.htm
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September 8, 2011 - Consumer credit increased at an annual rate of 6 percent in July 2011. Revolving credit decreased at an annual rate of 5-1/4 percent,
while nonrevolving credit increased at an annual rate of 11-1/4 percent. www.federalreserve.gov/releases/g19/current/g19.htm

September 8, 2011 - Chairman Ben S. Bernanke - The U.S. Economic Outlook - At the Economic Club of Minnesota Luncheon, Minneapolis, Minnesota.   www.federalreserve.gov/newsevents/speech/bernanke20110908a.htm

September 8, 2011 - Federal Reserve Board issues enforcement action with Stonebridge Financial Corp.   www.federalreserve.gov/newsevents/press/enforcement/20110908a.htm

September 7, 2011 - Innovation in Midwest Food Industries - In a blog posting, Chicago Fed's William Testa and David Oppedahl review key regional developments in agriculture.  http://midwest.chicagofedblogs.org/archives/2011/09/food_saftey_con.html 

September 7, 2011 - Federal Reserve Releases September Beige Book and Related Sound Clip.  www.stls.frb.org/newsroom/displayNews.cfm?article=1140

September 7, 2011 - FDIC Announces Launch of Investor Match Program - The Federal Deposit Insurance Corporation (FDIC) announced the launch of a new program to encourage small investors and asset managers to partner with larger investors to participate in the FDIC's structured transaction sales for loans and other assets from failed banks. www.fdic.gov/news/news/press/2011/pr11148.html

September 7, 2011 - The FDIC Offers Tips on Preparing Financially for a Natural Disaster or a Fire - Other topics in the latest FDIC Consumer News include personal payments by smartphone or mobile computer, plus solving mysteries of old bank accounts - Hurricane Irene, the earthquake that shook the East Coast and the deadly tornado that hit Joplin, Missouri are recent reminders that disasters rarely give advance warning and can happen anytime. www.fdic.gov/news/news/press/2011/pr11147.html

September 7, 2011 - Beige Book - Informal review by the Federal Reserve Banks of current economic conditions in their Districts.   www.federalreserve.gov/fomc/beigebook/2011/20110907/default.htm

September 7, 2011 - Firm Default and Aggregate Fluctuations - This paper studies the relationship between macroeconomic fluctuations and corporate defaults while conditioning on industry affiliation and an extensive set of firm-specific factors. By using a panel data set for virtually all incorporated Swedish businesses over 1990-2009, a period which includes a full-scale banking crisis, we find strong evidence for a substantial and stable impact from aggregate fluctuations on business defaults. www.federalreserve.gov/pubs/ifdp/2011/1029/ifdp1029.htm 

September 7, 2011 - The unreliability of credit-to-GDP ratio gaps in real-time: Implications for countercyclical capital buffers - Macroeconomists have long recognized that activity-gap measures are unreliable in real time and that this can present serious difficulties for stabilization policy.    www.federalreserve.gov/pubs/feds/2011/201137/index.html

September 6, 2011 - Beige Book Podcasts Available in Spanish Beginning Sept. 7.  www.stls.frb.org/newsroom/displayNews.cfm?article=1137 

September 6, 2011 - Clips de Audio del Resumen del Libro Beige (Beige Book) Disponibles en Español a partir del 7 de Septiembre.   www.stls.frb.org/newsroom/displayNews.cfm?article=1138 

September 6, 2011 - Minutes of Board discount rate meetings from July 11 through August 8, 2011.   www.federalreserve.gov/newsevents/press/monetary/20110906a.htm 

September 6, 2011 - The Federal Reserve Board on Tuesday announced the execution of the following enforcement actions: www.federalreserve.gov/newsevents/press/enforcement/20110906a.htm

September 2, 2011 - NCUA to Ensure Uninterrupted Services - from U.S. Central Bridge Corporate - Lack of Support for PayNet Prompts NCUA Contingency Plan – The National Credit Union Administration isimplementing contingency plans after the Payments Network Federal Credit Union organizing council announced today that PayNet will not launch. www.ncua.gov/news/press_releases/2011/MR11-0902USCentralBridge.pdf

September 2, 2011 - Oil Price Shocks: Different Effects Across U.S. States.   http://research.stlouisfed.org/wp/2011/2011-016.pdf

September 2, 2011 - Georgia Commerce Bank, Atlanta, Georgia, Acquires All the Deposits of Two Georgia Banks - Patriot Bank of Georgia, Cumming and CreekSide Bank, Woodstock - Georgia Commerce Bank, Atlanta, Georgia, acquired the banking operations, including all the deposits, of Patriot Bank of Georgia, Cumming, Georgia, and CreekSide Bank, Woodstock, Georgia. The two banks were closed today by the Georgia Department of Banking and Finance, which appointed the Federal Deposit Insurance Corporation as receiver. To protect the depositors, the FDIC entered into a purchase and assumption agreement with Georgia Commerce Bank. www.fdic.gov/news/news/press/2011/pr11146.html

September 2, 2011 - FDIC Issues List of Banks Examined for CRA Compliance - The Federal Deposit Insurance Corporation (FDIC) today issued its list of state nonmember banks recently evaluated for compliance with the Community Reinvestment Act www.fdic.gov/news/news/press/2011/pr11145.html 

September 2, 2011 - Credit and Liquidity Programs and the Balance Sheet - Recent balance sheet trends, weekly chart data update www.federalreserve.gov/monetarypolicy/bst_recenttrends.htm
 

 

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