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Federal Reserve Board releases results of survey of senior financial officers at banks regarding their reserve balance management strategies and practices
November 29, 2018 / Source: FRB
November 29, 2018 Federal Reserve Board releases results of survey of senior financial officers at banks regarding their reserve balance management strategies and practices For release at 2:00 p.m. EST Share The Federal Reserve Board on Thursday released results of a survey of senior financial officers at banks regarding their reserve balance management strategies and…
Senior Deputy Comptroller Discusses Compliance with the Bank Secrecy Act
November 29, 2018 / Source: OCC
NR 2018-127 FOR IMMEDIATE RELEASE November 29, 2018 Contact: Bryan Hubbard (202) 649-6870 Senior Deputy Comptroller Discusses Compliance with the Bank Secrecy Act WASHINGTON—Senior Deputy Comptroller for Compliance and Community Affairs Grovetta N. Gardineer today discussed initiatives to reform and modernize the Bank Secrecy Act (BSA)/Anti-Money Laundering (AML) regulatory and supervisory regime. Her comments came…
OCC Issues First and Second Quarter 2019 CRA Evaluation Schedule
November 29, 2018 / Source: OCC
NR 2018-128 FOR IMMEDIATE RELEASE November 29, 2018 Contact: Bryan Hubbard (202) 649-6870 OCC Issues First and Second Quarter 2019 CRA Evaluation Schedule WASHINGTON — The Office of the Comptroller of the Currency (OCC) today released its schedule of Community Reinvestment Act (CRA) evaluations to be conducted in the first and second quarters of 2019….
Federal Reserve Board issues enforcement action with MyBank
November 28, 2018 / Source: FRB
Press Release November 28, 2018 Federal Reserve Board issues enforcement action with MyBank For release at 2:00 p.m. EST The Federal Reserve Board on Wednesday announced the execution of the enforcement action listed below: MyBank, Belen, New Mexico Order of Assessment of a Civil Money Penalty, dated November 26, 2018 Search of Federal Reserve enforcement…
Deposit Insurance Fund Reserve Ratio Exceeds Minimum 1.35 Percent
November 28, 2018 / Source: FDIC
Financial Institution Letters FIL-78-2018 November 28, 2018 Deposit Insurance Fund Reserve Ratio Exceeds Minimum 1.35 Percent Printable Format: FIL-78-2018 – PDF (PDF Help) Summary: On September 30, 2018, the Deposit Insurance Fund Reserve Ratio reached 1.36 percent, exceeding the statutorily required minimum reserve ratio of 1.35 percent ahead of the September 30, 2020, deadline required under…
FFIEC Emphasizes Risk-Focused Supervision in Second Update of the Examination Modernization Project
November 27, 2018 / Source: FFIEC
Press Release For Immediate ReleaseNovember 27, 2018 FFIEC Emphasizes Risk-Focused Supervision in Second Update of the Examination Modernization Project The Federal Financial Institutions Examination Council today provided a second update on its Examination Modernization Project. The project identifies and assesses ways to improve the effectiveness, efficiency, and quality of community financial institutions safety and soundness…
FHFA Announces Maximum Conforming Loan Limits for 2019
November 27, 2018 / Source: FHFA
News Release FHFA Announces Maximum Conforming Loan Limits for 2019 Fannie Mae and Freddie Mac Baseline Limit Will Increase to $484,350 FOR IMMEDIATE RELEASE 11/27/2018 Washington, D.C. – The Federal Housing Finance Agency (FHFA) today announced the maximum conforming loan limits for mortgages to be acquired by Fannie Mae and Freddie Mac in 2019. In most…
OCC Publication Discusses Importance of Bank Financing for Rural Broadband Initiatives
November 26, 2018 / Source: OCC
NR 2018-126 FOR IMMEDIATE RELEASE November 26, 2018 Contact: Stephanie Collins (202) 649-6870 OCC Publication Discusses Importance of Bank Financing for Rural Broadband Initiatives WASHINGTON — The Office of the Comptroller of the Currency (OCC) today published the latest edition of its Community Developments Investments newsletter, “Expanding Internet Access: Bank Financing for Rural Broadband Initiatives.” This edition…
Appraisal Threshold for Residential Real Estate Loans
November 26, 2018 / Source: FDIC
Financial Institution Letters FIL-76-2018 November 21, 2018 Appraisal Threshold for Residential Real Estate Loans Printable Format: FIL-76-2018 – PDF (PDF Help) Summary: The FDIC, the Board of Governors of the Federal Reserve System, and the Office of the Comptroller of the Currency (the Agencies) are jointly issuing a notice of proposed rulemaking titled Real Estate Appraisals (Appraisal NPR),…
Agencies propose community bank leverage ratio for qualifying community banking organizations
November 26, 2018 / Source: FRB
Joint Press Release November 21, 2018 Agencies propose community bank leverage ratio for qualifying community banking organizations Board of Governors of the Federal Reserve System Federal Deposit Insurance Corporation Office of the Comptroller of the Currency For release at 12:00 p.m. EST Three federal banking agencies on Wednesday invited public comment on a proposal that…
Agencies announce dollar thresholds in Regulations Z and M for exempt consumer credit and lease transactions
November 21, 2018 / Source: FRB
Joint Press Release November 21, 2018 Agencies announce dollar thresholds in Regulations Z and M for exempt consumer credit and lease transactions Federal Reserve Board of Governors Bureau of Consumer Financial Protection For release at 11:00 a.m. EST WASHINGTON, D.C. — The Federal Reserve Board and the Bureau of Consumer Financial Protection (Bureau) today announced the dollar…
Agencies announce threshold for smaller loan exemption from appraisal requirements for higher-priced mortgage loans
November 21, 2018 / Source: FRB
Joint Press Release November 21, 2018 Agencies announce threshold for smaller loan exemption from appraisal requirements for higher-priced mortgage loans Bureau of Consumer Financial Protection Federal Reserve Board of Governors Office of the Comptroller of the Currency For release at 10:00 a.m. EST WASHINGTON, D.C.–The Bureau of Consumer Financial Protection, Federal Reserve Board of Governors,…
Agencies propose amendments to Regulation CC regarding funds availability
November 20, 2018 / Source: FRB
Joint Press Release November 20, 2018 Agencies propose amendments to Regulation CC regarding funds availability Board of Governors of the Federal Reserve System Bureau of Consumer Financial Protection For release at 12:00 p.m. EST WASHINGTON, D.C. — The Bureau of Consumer Financial Protection and the Federal Reserve Board today jointly proposed amendments to Regulation CC…
FDIC-Insured Institutions Reported $62 Billion in Net Income in Third Quarter 2018
November 20, 2018 / Source: FDIC
Press Releases FOR IMMEDIATE RELEASE November 20, 2018 Media contact: Julianne Fisher Breitbeil (202) 898-6895 [email protected] FDIC-Insured Institutions Reported $62 Billion in Net Income in Third Quarter 2018 Community Bank Net Income Increases to $6.8 Billion Industry Net Income Registers a Strong Increase of 29.3 Percent from a Year Ago Higher Net Operating Revenue and…
FFIEC to Promote Awareness of Potential LIBOR Changes, December 6 Webinar Will Discuss Market Developments, Risks
November 19, 2018 / Source: FFIEC
Press Release For Immediate Release November 19, 2018 FFIEC to Promote Awareness of Potential LIBOR Changes, December 6 Webinar Will Discuss Market Developments, Risks The Federal Financial Institutions Examination Council (FFIEC) will hold a webinar on December 6, 2018, to promote awareness and understanding of efforts to develop alternative reference rates to LIBOR, because of…
Expanding Eligibility to File the FFIEC 051 Call Report: Notice of Proposed Rulemaking
November 19, 2018 / Source: OCC
OCC BULLETIN 2018-42 Subject: Expanding Eligibility to File the FFIEC 051 Call Report Date: November 19, 2018 To: Chief Executive Officers of All National Banks, Federal Savings Associations, and Federal Branches and Agencies of Foreign Banks; Department and Division Heads; All Examining Personnel; and Other Interested Parties Description: Notice of Proposed Rulemaking Summary On November 19,…
Federal Reserve Board approves fee schedule for Federal Reserve Bank priced services
November 16, 2018 / Source: FRB
Press Release November 16, 2018 Federal Reserve Board approves fee schedule for Federal Reserve Bank priced services For release at 3:00 p.m. EST The Federal Reserve Board on Friday announced the approval of fee schedules, effective January 2, 2019, for payment services the Federal Reserve Banks provide to depository institutions (priced services). The Reserve Banks…
Federal Reserve Board approves final amendments to simplify Regulation J and to make it conform more closely with Regulation CC
November 16, 2018 / Source: FRB
Press Release November 15, 2018 Federal Reserve Board approves final amendments to simplify Regulation J and to make it conform more closely with Regulation CC For release at 4:00 p.m. EST The Federal Reserve Board on Thursday approved final amendments to simplify Regulation J (Collection of Checks and Other Items by Federal Reserve Banks and…
Fair Lending Webinar 2018 is Now Available!
November 16, 2018 / Source:
Fair Lending Webinar 2018 is now available! Find it by going to —> News & Events —> Past Events —> Past Webinars View Webinar Here
November Compliance Huddle 2018 is Now Available!
November 16, 2018 / Source:
November Compliance Huddle is now available to view. A monthly, peer-to-peer forum that is driven by the topics and issues that attendees wish to talk about and explore. November Compliance Huddle is Now Available!
Federal Reserve to review strategies, tools, and communication practices it uses to pursue its mandate of maximum employment and price stability
November 15, 2018 / Source: FRB
Press Release November 15, 2018 Federal Reserve to review strategies, tools, and communication practices it uses to pursue its mandate of maximum employment and price stability For release at 2:00 p.m. EST The Federal Reserve next year will review the strategies, tools, and communication practices it uses to pursue its congressionally-assigned mandate of maximum employment…
OCC Enforcement Actions and Terminations for November 2018
November 15, 2018 / Source: OCC
NR 2018-121 FOR IMMEDIATE RELEASE November 15, 2018 Contact: (202) 649-6870 OCC Enforcement Actions and Terminations for November 2018 WASHINGTON — The Office of the Comptroller of the Currency (OCC) today released new enforcement actions taken against national banks, federal savings associations, and individuals currently and formerly affiliated with national banks and federal savings associations….
Comptroller of the Currency Discusses Condition of the U.S. Banking System
November 14, 2018 / Source: OCC
NR 2018-120 FOR IMMEDIATE RELEASE November 14, 2018 Contact: Bryan Hubbard (202) 649-6870 Comptroller of the Currency Discusses Condition of the U.S. Banking System TOKYO—Comptroller of the Currency Joseph M. Otting today discussed the condition of the U.S. federal banking system during a speech in Tokyo. His remarks described the strength and resiliency of the…
FDIC Requests Information on Small-Dollar Lending
November 14, 2018 / Source: FDIC
Press Releases FDIC Requests Information on Small-Dollar Lending FOR IMMEDIATE RELEASE November 14, 2018 Media contact: Julianne Fisher Breitbeil (202) 898-6895 [email protected] The Federal Deposit Insurance Corporation (FDIC) today announced that it is seeking public comment on issues related to small-dollar lending by FDIC-supervised financial institutions. The Request for Information (RFI) solicits comments on the…
Federal Reserve Board issues enforcement action with The First State Bank of Dongola
November 13, 2018 / Source: FRB
Press Release November 13, 2018 Federal Reserve Board issues enforcement action with The First State Bank of Dongola For release at 11:00 a.m. EST The Federal Reserve Board on Tuesday announced the execution of the enforcement action listed below: The First State Bank of Dongola, Dongola, Illinois Order of Assessment of a Civil Money Penalty,…