Links in “Federal Reserve”
- What Part of “Eligible Guarantee” Do You Not Understand?
The Federal Reserve Board, FDIC, and OCC agreed upon a correction for the definition of "eligible guarantee" as part of their risk-based capital rules. Better take a look, as the change could affect the way your institution determines its regulatory capital ratios. [7/17/14]
- Reforming the Reserve
The Federal Reserve, the United States' official bank, has been a touchy subject amongst politicians who question its ubiquity. Most recently, Republicans Bill Huizenga and Scott Garrett have sponsored a hearing to discuss potentially reforming this financial giant. [7/8/14]
- Host State Loan-to-Deposit Ratios Released
The Federal Reserve Board, OCC, and FDIC issued the host state loan-to-deposit ratios that will be used to determine compliance with section 106 of the Riegle-Neal Interstate Banking and Branching Efficiency Act. [7/3/14]
- Final Rule on Information Security Standards
The Board of Governors of the Federal Reserve System (Board) is amending Appendix D-2 of Regulation H and Appendix F of Regulation Y to correct citations to rules on privacy of consumer financial information. [7/1/2014]
- CRA Consideration Expanded to New Areas
The Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, and the Office of the Comptroller of the Currency today announced the availability of the 2014 list of distressed or underserved nonmetropolitan middle-income geographies, where revitalization or stabilization activities will receive Community Reinvestment Act (CRA) consideration as "community development." [7/1/2014]
- International Activity Costs BNP Paribas $500m in Penalties
The Federal Reserve on Monday announced a $508 million penalty against BNP Paribas, S.A., Paris, France--the largest penalty ever assessed by the agency--for violations of U.S. sanctions laws. [7/1/2014]
- Trade Group Calls for Fed Board Member with Community Bank Experience
ICBA joins with 86 members of the House in lobbying the White House to nominate someone with community bank experience to the Federal Reserve Board. [6/19/14]
- Don’t Stress Over Stress Testing
The Federal Reserve Board has invited comments on a proposed rule to modify regulations regarding capital planning and stress testing for institutions. Among other proposed changes, the new rule would shift the start date from October 1 of a calendar year to January 1 of the following year. The change also outlines the filing dates for institutions based on size of assets. Comments on the proposal will be accepted until August 11, 2014. [6/13/14]
- New Compliance Head at Fed
The Federal Reserve has appointed Eric Belsky, currently director at Harvard's Joint Center for Housing Studies, to oversee compliance with consumer protection and fair lending laws. [6/9/14]
- A Penny (or 124) for Your Thoughts?
The federal bank regulatory agencies published the first of a series of requests for comments to identify outdated, unnecessary, or unduly burdensome regulations. 124 rules and regulations will be explored over the course of this effort. [6/5]
