The Fed – Page 175 – Regulatory Report

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[ December 1, 2023 ] Nearly one-third of banks in latest batch of 42 CRA ratings were ‘outstanding,’ agency says OCC
[ December 1, 2023 ] Letter to banks notifies of changes to anti-redlining rules; notes compliance dates at starts of ’26, ‘27 FDIC
[ December 1, 2023 ] OCC assessment rates for new year will remain at 2023 levels; no inflation adjustments OCC
[ December 1, 2023 ] Trio of new videos cover cybersecurity, info technology for community banks FDIC
[ December 1, 2023 ] Reflecting extended beneficial ownership reporting for new companies, agency updates guidance materials Other

Yellen argues for no more than ‘modest’ reform of reg framework

August 25, 2017 0

Arguing that the financial system is more resilient because of reforms adopted in the wake of the “Great Recession” of the last decade, Federal Reserve Board Chairman Janet L. Yellen advised that any adjustments made […]

Fed proposes corporate governance rule designed to ‘enhance effectiveness’

August 3, 2017 0

Enhancing the effectiveness of boards of directors of firms under supervision is the aim of a proposal issued Thursday by the Federal Reserve Board. Additionally, the Fed issued a second proposal that it said is […]

Fed vice chair outlines factors for continued low interest rates

July 31, 2017 0

Slower trend economic growth, an aging population and demographic developments, and relatively weak investment are three key factors keeping interest rates low, Federal Reserve Board Vice Chairman Stanley Fischer said today. Addressing a conference in […]

Tarullo: ‘Tragic if lessons of financial crisis forgotten so quickly’

April 4, 2017 0

Calling it “tragic” if the lessons of the financial crisis were forgotten so quickly, outgoing Federal Reserve Board Gov. Daniel K. Tarullo Tuesday said it is crucial that a strong capital regime for financial institutions […]

Fed: ‘Committed’ to security of confidential FOMC info

April 4, 2017 0

Maintaining the security of confidential information from Federal Open Market Committee (FOMC) meetings is something the Federal Reserve is “committed” to, the central bank stated today in the wake of revelations of compromise of meeting […]

Governor: Fed structure serves country, should not be changed lightly

March 29, 2017 0

The structure of the Federal Reserve should not be changed lightly, as it achieves a practical balance that serves the country well, board Gov. Jerome H. Powell said in a policy speech Tuesday. “Throughout our […]

Tarullo resignation leaves 3 seats open

February 11, 2017 0

The resignation Friday of Daniel K. Tarullo as a board member of the Federal Reserve will leave three openings on the seven seats on the central bank’s governing body, which also faces the expiration of the chairman’s term […]

Predecessor’s ‘improper actions’ leads to $65 million fine for PA firm

January 24, 2017 0

A Pennsylvania real estate title company has been fined $65 million for “improper actions” by its predecessor company as a result of action by three federal financial institution regulatory agencies today. Service Link Holdings LLC, […]

Agencies finalize CRA thresholds

January 17, 2017 0

Adjustments to asset-size thresholds for Community Reinvestment Act (CRA) regulations are set with final rules issued — and effective — today by the three federal banking regulatory agencies. The Federal Reserve, OCC and FDIC have […]

Streamlined call reports, CDFI certification changes outlined Monday

January 7, 2017 0

A streamlined call report for three federal financial institution regulatory agencies will debut in late March, and changes for the procedures of certifying community development financial institutions (CDFIs) are scheduled for publication in Monday’s Federal […]

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Nearly one-third of banks in latest batch of 42 CRA ratings were ‘outstanding,’ agency says

December 1, 2023 0

Of the 42 banks whose Community Reinvestment Act (CRA) evaluation ratings became public in November, 13 of them – nearly one-third of the total – received ratings of “outstanding,” the Office of the Comptroller of the Currency (OCC) said in [...]
Letter to banks notifies of changes to anti-redlining rules; notes compliance dates at starts of ’26, ‘27

December 1, 2023 0

The “updated, modernized” anti-redlining rule, which will begin taking effect in more than two years, is the topic of a financial institution letter sent to banks Friday. The letter from the Federal Deposit Insurance Corp. (FDIC) notifies insured banks that [...]
OCC assessment rates for new year will remain at 2023 levels; no inflation adjustments

December 1, 2023 0

Assessment rates for national banks and federal savings associations for the new year will remain at 2023 levels, the regulator of the banks said Friday. The Office of the Comptroller of the Currency (OCC) said it would maintain the 2023 [...]
Trio of new videos cover cybersecurity, info technology for community banks

December 1, 2023 0

Three new videos covering cybersecurity awareness and information technology aimed at both bank board members and bankers have been released by the federal insurer of banks deposits, the agency said Friday. The Federal Deposit Insurance Corp. (FDIC) said the three [...]
Reflecting extended beneficial ownership reporting for new companies, agency updates guidance materials

December 1, 2023 0

Guidance materials for complying with beneficial ownership information (BOI) requirements, especially for new companies that will be formed in the upcoming new year of 2024, have been updated by the Treasury’s financial crimes enforcement unit, the agency said Friday. According [...]
Bank run risk, depositor behavior and more topics are sought for papers to be presented at June event

December 1, 2023 0

Depositor behavior, bank liquidity, and run risk in the banking system are among the topics for academic research papers being sought by the regulator of national banks which will be presented at an event set for next summer at agency [...]
Group that issued alternative to LIBOR – SOFR – issues final report, declares its conclusion

November 30, 2023 0

The group that spearheaded the transition to an alternative reference rate from the long-used, but now defunct, LIBOR declared itself Thursday over and out as an organization – but not before issuing a final report. The Alternative Reference Rate Committee [...]
Feedback sought on ‘virtual process’ of exams in updated after-action survey

November 30, 2023 0

Additional feedback on the virtual aspects of examinations is sought on an updated post-examination survey issued by the ombudsman for the federal insurer of bank deposits, the agency said Thursday. The survey update, conducted by the Federal Deposit Insurance Corp.’s [...]