The U.S. Treasury Department and the Federal Reserve Board today announced a restructuring of the government's assistance to AIG in order to stabilize this systemically important company in a manner that best protects the U.S. taxpayer.
Remarks of Grovetta N. Gardineer, OTS to the Subcommittee on Housing and Community Opportunity:
Good afternoon, Chairwoman Waters, Ranking Member Capito and Members of the Subcommittee. Thank you for the opportunity to offer testimony on behalf of the Office of Thrift Supervision (OTS) on loan modifications and...
Security Savings Bank, Henderson, Nevada was closed today by the Nevada Financial Institutions Division, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver.
The two offices of Security Savings Bank will reopen on Monday as branches of Bank of Nevada.
Heritage Community Bank, Glenwood, Illinois, was closed today by the Illinois Department of Financial Professional Regulation, Division of Banking, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver.
The four offices of Heritage Community Bank will reopen as branches of MB Financial Bank...
On January 23, 2009, OTS issued guidance to the examiner and supervisory staff reminding them of the appropriate regulatory reporting and regulatory capital treatment by savings associations for equity capital contributions in the form of cash or notes.
The Office of Thrift Supervision (OTS) announced new initiatives today designed to enhance supervision of large thrifts and to ensure timely corrective actions to address identified problems among all thrifts.
The U.S. thrift industry had a record loss of $13.4 billion in 2008, as thrifts bolstered their reserves for loan losses by a record amount of $38.7 billion, the Office of Thrift Supervision (OTS) reported today.
The Federal Deposit Insurance Corporation (FDIC) today announced the conclusion of the sale of $1.45 billion of performing and nonperforming residential and commercial construction loans in distressed markets through the use of two private/public partnership transactions.
The fourth quarter 2008 FDIC Quarterly Banking Profile (QBP) is now available online. FDIC-insured institutions reported a net loss of $26.2 billion in the fourth quarter of 2008, a decline of $27.8 billion from the $575 million that the industry earned in the fourth quarter of 2007 and the first quarterly loss since...
The federal bank regulatory agencies announced today that they will start conducting forward-looking economic assessments of large U.S. banking organizations as the Capital Assistance Program (CAP) gets underway.
The Financial Crimes Enforcement Network (FinCEN) is providing an educational pamphlet, "Notice to Customers: A CTR Reference Guide," for financial institutions and their customers containing information on the currency transaction reporting (CTR) requirement.1 FinCEN is providing this pamphlet as a resource for...
Deputy Comptroller for Large Bank Supervision Joseph H. Evers testified today about available mortgage performance information before a subcommittee of the U.S. House of Representatives' Committee on Financial Services.