Three daily compounded averages of a new reference rate – with tenors of 30-, 90-, and 180-calendar days – would be published beginning in the first half of next year as a way of supporting […]
A fourth bank was closed in 2019 Friday, the federal insurer of bank deposits said in the early evening, when the City National Bank of New Jersey, with more than $120 million in assets, shuttered […]
Title: Prudential Standards for Large Bank Holding Companies, Savings and Loan Holding Companies, and Foreign Banking Organizations Subject: Prudential standards Agency: Federal Reserve Status: Final rule Summary: The Board of Governors of the Federal Reserve […]
Title: Removal of Transferred OTS Regulations Regarding Certain Regulations for the Operations of State Savings Associations Subject: OTS regulations Agency: FDIC Status: Proposed rule Summary: In this notice of proposed rulemaking (NPR), the Federal Deposit […]
A grant procedures handbook and fiscal 2020 Appraisal Foundation grant proposals are key action items slated for discussion Nov. 13 during an open meeting of the Federal Financial Institutions Examination Council (FFIEC) Appraisal Subcommittee (ASC), […]
Three low-income credit unions that are designated as minority depository institutions (MDIs) were awarded an aggregate $74,875 in grants by their federal regulator through the agency’s Minority Depository Institution Mentoring Pilot program, the agency said […]
Financial and award data published by the federal insurer of bank deposits is “complete, timely, of sufficient quality, and accurate,” according to an audit performed, and published Friday, by the agency’s inspector general. “We determined […]
The current expected credit loss (CECL) accounting standard will be one of the topics under discussion during the next meeting of the oversight group of federal financial regulators, set for next week. The Nov. 7 […]
National banks, federal savings associations (FSAs), and federal branches and agencies of foreign banks are allowed to close offices affected by wildfires and high winds in California at their discretion, according to a proclamation issued […]
Semiannual testimony would be required by the four federal financial institution regulators before Congress under legislation approved by a House committee Thursday. The Prudential Regulator Oversight Act (H.R. 4841), sponsored by Reps. Dean Phillips (D-Minn.) […]
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