Latest proposed and final rules, directives, guidance, comments and other actions from the Federal Reserve
An enforcement order signed in July 2015 with OSB Community Bank (Brooklyn, Mich.), a state-chartered bank with membership in the Federal Reserve System, was terminated on Aug. 30, the Federal Reserve Board announced Tuesday. OSB […]
The period for comment about proposed changes to the “Volcker Rule” has been extended by one month to Oct. 17, the federal banking regulators (and securities and commodity supervisors) said Tuesday. In a release, the […]
Deadlines for the next filing of resolution plans – “living wills” – for four foreign banks and one “designated nonbank” have been extended by one year, the Federal Reserve and Federal Deposit Insurance Corp. (FDIC) […]
A civil money penalty (CMP) was assessed against The Bank of New York Mellon (New York City) over flood insurance violations under a consent order executed by the bank and the Federal Reserve Board Tuesday, […]
Liquid and readily-marketable, investment grade municipal obligations would be treated as high-quality liquid assets (HQLAs) under liquidity coverage ratios, according to an interim final rule that becomes effective on publication Friday. In filings with the […]
The Senate Tuesday confirmed the nomination of Richard Clarida as vice chairman of the Federal Reserve Board, on a vote of 69-26. He is positioned to join the board immediately, and certainly before the next […]
An interim final rule facilitating the transfer of ownership of small community banks by allowing their holding companies to operate with higher levels of debt than would normally be permitted was issued Tuesday by the […]
Interim final rules that are expected to qualify another 420 banks and savings associations for an extended, 18-month exam cycle take effect Wednesday, according to notices published jointly by federal banking agencies. The rules, published in the […]
Revisions to reporting of home mortgage data, reflecting changes made under this spring’s regulatory relief legislation (and consistent with changes made by the federal consumer financial protection agency) are being proposed by the Federal Reserve, […]
Acting in anticipation of data breaches (and in response to an overall federal plan), the Federal Reserve is proposing to revise its general routine uses of systems of records, including adding a new “routine use” […]
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