The attached rule finalizes the interim rule issued in July 2008, which established the FDIC's practices for determining deposit and other liability account balances at a failed insured depository institution.
We are pleased to invite you to join us on February 24, 2009, at 2:00 p.m. for a live discussion about new rules on unfair credit card practices. OTS, along with the Federal Reserve Board and the National Credit Union Administration, issued these rules to address credit card practices that have raised public concern.
The U.S. Treasury Department today announced investments of approximately $1.15 billion in 42 banks across the nation as part of its Capital Purchase Program (CPP), a means to directly infuse capital into healthy, viable banks with the goal of increasing the flow of financing available to small businesses and...
The Federal Financial Institutions Examination Council (FFIEC) has approved revisions to the reporting requirements for the Consolidated Reports of Condition and Income (Call Report). These regulatory reporting revisions will take effect on a phased-in basis during 2009.
The Government Accountability Office (GAO) today released the following reports, testimony, and correspondence: TROUBLED ASSET RELIEF PROGRAM - Status of Efforts to Address Transparency and Accountability Issues.
The Federal Reserve Board on Friday announced two final rules pertaining to the Asset-Backed Commercial Paper Money Market Fund Liquidity Facility (AMLF), which extends loans to banking organizations to finance their purchases of high-quality asset-backed commercial paper from money market mutual funds.
The Federal Deposit Insurance Corporation (FDIC) approved the payout of the insured deposits of MagnetBank, Salt Lake City, Utah. The bank was closed today by the Utah Department of Financial Institutions and the FDIC was named receiver.
The Federal Emergency Management Agency (FEMA) has issued the attached revised Standard Flood Hazard Determination Form (SFHDF), which includes a new Office of Management and Budget (OMB) control number. The form's format and content have not changed. The updated form must be used beginning June 16, 2009.
Remind your community bank directors to register early to attend the Office of the Comptroller of the Currency workshops for national community bank directors. The topics of our four workshops are risk assessment, credit risk, compliance risk, and the fundamentals of directorship. These workshops are offered at...
The FDIC, the Federal Reserve Board, the Office of the Comptroller of the Currency, and the Office of Thrift Supervision have published the attached final Interagency Questions and Answers Regarding Community Reinvestment (Questions and Answers). The agencies also have published for comment one new and two revised...