FDIC – Page 3 – Regulatory Report

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[ May 29, 2020 ] Rule aims to clarify permissible interest on transferred loans in face of Madden decision OCC
[ May 29, 2020 ] Minority depository institutions advisory panel for OCC meets June 17 OCC
[ May 29, 2020 ] Considering a merger? You’ll have to keep it under $2.1 trillion under new Fed calculation The Fed
[ May 29, 2020 ] Banks’ ‘lowest comfortable level of reserves’ largely unchanged from last August, Fed report shows The Fed
[ May 29, 2020 ] Acting comptroller lists four priorities he intends to address as tenure begins, with a twist on local community investment OCC

Liquidity Coverage Ratio Rule: Treatment of Certain Emergency Facilities

May 6, 2020 0

Title: Liquidity Coverage Ratio Rule: Treatment of Certain Emergency Facilities Subject: LCR; PPPLF, MMMLF, coronavirus response Agency: FDIC, Federal Reserve, OCC Status: Interim final rule Summary: To provide liquidity to the money market sector, small […]

First charges filed in alleged fraud of $500,000 in bank loans through PPP initiative

May 5, 2020 0

What are being called the first charges of fraudulent involvement in the massive federal program meant to protect pay of workers in the face of the coronavirus crisis were announced Tuesday by federal prosecutors. According […]

Rule will require banks to neutralize effects under LCR of participating in some COVID-19 emergency facilities

May 5, 2020 0

Banks and their organizations will be required to neutralize the effect under the liquidity coverage ratio (LCR) rule of participating in new emergency facilities set up by the Federal Reserve to deal with the impact […]

FDIC, OCC bank ratings under anti-redlining law include 8 ‘outstanding,’ 2 ‘needs improvement’

May 4, 2020 0

Of the 85 banks listed in the most recent releases of Community Reinvestment Act (CRA) evaluation ratings, eight were deemed “outstanding” and two were rated “needs improvement,” according to federal banking regulators. Monday, the Federal […]

TN banks urged to ease terms, restructure loans in wake of storm damage

April 28, 2020 0

Restructuring existing loans, extending repayment terms, or easing terms for new loans using sound banking practices are among techniques recommended for Tennessee banks by the Federal Deposit Insurance Corp. (FDIC) as the banks respond to […]

Agencies add one month to comment period on ‘living wills’ guidance for large foreign banks

April 27, 2020 0

You’ve now got a month’s more time to comment on proposed guidance for “living wills” submitted by certain large foreign banks, two of the federal banking agencies said Monday. In a release, the Federal Deposit […]

PPP loan applications will be taken again Monday as program cranks up with new cash

April 25, 2020 0

New applications for “paycheck protection program” (PPP) loans will be taken beginning Monday, as new legislation adding money to the formerly depleted program was signed into law Friday. The Federal Deposit Insurance Corp. (FDIC), in […]

March FDIC orders include two civil money penalties totaling $90k

April 24, 2020 0

Civil money penalties (CMPs) against two bank-affiliated individuals, related to findings of unsafe or unsound practices and breaches of fiduciary duty, are among the 13 administrative (enforcement) actions taken in March and disclosed Friday by […]

Regulatory Capital Rule: Temporary Changes to the Community Bank Leverage Ratio Framework

April 23, 2020 0

Title: Temporary changes to the community bank leverage ratio framework Subject: CBLR framework Agency: FDIC, Federal Reserve, OCC Status: Interim final rule; request for comments Summary: This interim final rule makes temporary changes to the […]

Regulatory Capital Rule: Transition for the Community Bank Leverage Ratio Framework

April 23, 2020 0

Title: Regulatory Capital Rule: Transition for the Community Bank Leverage Ratio Framework Subject: CBLR framework Agency: FDIC, Federal Reserve, OCC Status: Interim final rule; request for comments Summary: This interim final rule provides a graduated […]

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Rule aims to clarify permissible interest on transferred loans in face of Madden decision

May 29, 2020 0

A bank may transfer a loan without affecting the legally permissible interest term, according to a rule issued Friday by the national regulator of banks, addressing what the regulator called uncertainty created by the Madden decision of five years ago. [...]
Minority depository institutions advisory panel for OCC meets June 17

May 29, 2020 0

A public meeting of the Minority Depository Institutions Advisory Committee (MDIAC) of the Office of the Comptroller of the Currency (OCC) will be held by remote means June 17, the OCC announced Friday. The panel advises the OCC on steps [...]
Considering a merger? You’ll have to keep it under $2.1 trillion under new Fed calculation

May 29, 2020 0

A company resulting from a merger of other financial companies will be limited to no larger than about $2.1 trillion in resulting assets, the Federal Reserve indicated Friday as it released its annual aggregate consolidated liabilities of financial companies across [...]
Banks’ ‘lowest comfortable level of reserves’ largely unchanged from last August, Fed report shows

May 29, 2020 0

A February survey of senior financial officers of banks representing some 75% of total banking system reserves showed that respondents’ “lowest comfortable level of reserves” was $650 billion, largely unchanged from the previous survey, a Federal Reserve Board survey report [...]
Acting comptroller lists four priorities he intends to address as tenure begins, with a twist on local community investment

May 29, 2020 0

The acting chief regulator of national banks apparently opened his tenure in the job Friday by issuing a statement outlining four priorities he said would guide him in his new role – including how banks would invest in their local [...]
After almost a month, interagency policy statement on credit losses accounting (CECL), guidance on credit risk review systems, available Monday

May 29, 2020 0

Nearly a month after they were finalized, a policy statement on credit losses accounting (under the current expected credit losses, or CECL, accounting standard) and guidance on credit risk review systems are both scheduled to be available publicly Monday, after [...]
On last day of the job, Otting gets a thank you and best wishes from FDIC leader

May 29, 2020 0

On the eve of the Friday departure of the current chief regulator of national banks, the chairman of the board for the federal insurer of bank deposits issued a statement of thanks and best wishes. Federal Deposit Insurance Corp. (FDIC) [...]
444 banks face CRA examinations over coming two quarters, FDIC lists show

May 29, 2020 0

Schedules for third- and fourth-quarter Community Reinvestment Act (CRA) examinations by the Federal Deposit Insurance Corp. (FDIC) show a total of 444 banks slated for the evaluations, with 64% of those coming up in the third quarter. The anti-redlining CRA, [...]