Links in “Federal Reserve”
- Building an Effective Lending Program
On Tuesday, the Federal Reserve announced a new schedule of margins applicable for collateral pledged by depository institutions to secure discount window loans and for payment system risk purposes. [6/4]
- The Fed Repeals Reg P to Avoid Confusion
The Board of Governors of the Federal Reserve System (Board) is repealing its Regulation P, 12 CFR part 216, which was issued to implement the privacy provisions of the Gramm-Leach-Bliley Act (GLB Act). [5/29]
- The Fed Halts Regulation DD
The Board of Governors of the Federal Reserve System (Board) is repealing its Regulation DD, 12 CFR part 230, which was issued to implement the Truth in Saving Act (TISA). [5/29]
- Spring Cleaning for Federal Reserve Board
The Federal Reserve Board on Thursday repealed its Regulation DD and Regulation P, shifting regulatory supervision of those areas to the CFPB. Â The Board also issued final amendments to the Identity Theft Red Flags rule in Regulation V (Fair Credit Reporting), which amendments, among other things, narrow the scope to exclude professionals such as doctors and lawyers from certain elements of the regulation. [5/23]
- Fed Proposes Rule for Implementing Section 622 of Dodd-Frank
The Federal Reserve Board is inviting comments on the proposed implementation of section 622 of the Dodd-Frank Act. The proposal seeks to make the implementation of section 622 more effective through measuring liabilities of financial companies not subject to consolidated risk-based capital rules, using a two-year average to calculate aggregate financial sector liabilities, and extending the "failed bank exception" to apply to the acquisition of any type of insured depository institution in default or in danger of default. [5/15]
- Too Big to Merge
FRB's proposed Reg. XX prohibits resulting merge of companies to exceed 10% of liabilities. [5/9]
- Bankers Seek Presence on Fed Board
ICBA lends its support for Community Bank Preservation Act, which would require at least one member of the Federal Reserve Board of Governors to have experience as a community banker or community bank supervisor. [5/8]
- Bank Groups Respond to Proposed Revisions to CC
ABA, ICBA and other trade groups provide their response to the FRB's proposed revisions to Reg. CC, Availability of Funds and Collection of Checks. [5/5]
- Senate Banking Committee Approves McWatters Nomination
The Senate Banking Committee voted yesterday to move the nomination of Mark McWatters for a seat on the NCUA Board to the full Senate for a final vote. The Committee also approved the nominations of three individuals to the Federal Reserve Board. [4/30]
- Do Not Pass Go: Bank of America Required to Resubmit Capital Plan
The FRB is requiring that Bank of America Corporation resubmit its capital plan and suspend planned increases in capital distributions. The decision is based on incorrectly reported data used in the calculation for regulatory capital ratios submitted for the most recent stress tests conducted by the Federal Reserve. [4/28]
