The FDIC has announced a series of steps intended to provide regulatory relief to financial institutions and to facilitate recovery in areas of Washington state affected by flooding and mudslides.
The FDIC has released revised interagency consumer compliance examination procedures for the mortgage rules issued pursuant to the Dodd-Frank Act. The release of these examination procedures is part of the FDIC's ongoing efforts to inform supervised institutions about important bank regulatory developments in order to promote transparency in the FD
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On December 10, 2013, the FDIC approved a Final Rule amending 12 C.F.R. Part 344 to establish uniform recordkeeping and confirmation requirements for all FDIC-supervised institutions. The Final Rule also increased the threshold for certain recordkeeping requirements, lessening industry burden.
The Consolidated Reports of Condition and Income (Call Report) for the December 31, 2013, report date must be received by Thursday, January 30, 2014. Certain institutions with foreign offices have an additional five calendar days to submit their reports.
The federal banking agencies, along with the U.S. Securities and Exchange Commission (the Agencies), have issued a statement regarding the treatment of Collateralized Debt Obligations (CDOs) that contain Trust Preferred Securities (TruPS) under section 13 of the Bank Holding Company Act, which implements section 619 of the Dodd-Frank Wall Street Re
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The federal banking agencies are requesting comment on a proposed addendum that would supplement and clarify the 1998 Interagency Policy Statement on Income Tax Allocation in a Holding Company Structure (Interagency Policy Statement). The proposed addendum is intended to ensure that insured depository institutions in a consolidated group maintain a
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The Winter 2013 issue of Supervisory Insights features articles of interest to examiners, bankers, and supervisors. These articles address the importance of effective interest-rate risk management, results of the FDIC's Credit and Consumer Products/Services Survey, and the new Basel III definition of capital. The publication is available at http://
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The federal banking agencies, along with the U.S. Securities and Exchange Commission and the Commodity Futures Trading Commission, have issued final rules to implement Section 619 of the Dodd-Frank Wall Street Reform and Consumer Protection Act, also known as the “Volcker Rule” (Final Rule). The Volcker Rule generally prohibits any banking entity f
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The FDIC has announced a series of steps intended to provide regulatory relief to financial institutions and facilitate recovery in areas of Illinois affected by severe storms, straight-line winds, and tornadoes.
The FDIC has made available a regulatory capital estimation tool to help community banks evaluate the potential impact of the recently published interim final capital rule on their capital ratios. Banks can access the regulatory estimation tool at http://www.fdic.gov/regulations/capital/Bank_Estimation_Tool.xlsm.
The FDIC's Division of Depositor and Consumer Protection (DCP) Community Affairs Branch will host a webinar titled Lending in Native Communities: From Opportunity to Success on November 22, 2013, from 3:00 p.m. to 4:00 p.m. (EST). This webinar will include examples of successful bank efforts to expand economic inclusion and lending in Native Americ
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The federal bank regulatory agencies are requesting comment on a proposed rule that would implement a quantitative liquidity requirement consistent with the liquidity coverage ratio (LCR) established by the Basel Committee on Banking Supervision. The requirement is designed to promote the short-term resilience of the liquidity risk profile of inter
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The FDIC, the Office of the Comptroller of the Currency, the Board of Governors of the Federal Reserve System, the National Credit Union Administration, and the Farm Credit Administration are issuing a joint notice of proposed rulemaking to amend their respective regulations regarding loans in special flood hazard areas. The proposed rule would imp
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The FDIC is issuing this notice to describe the reports and information required to meet the reporting requirements under Section 165(i)(2) of the Dodd-Frank Wall Street Reform and Consumer Protection Act for covered banks with total consolidated assets between $10 billion and $50 billion.
The Consolidated Reports of Condition and Income (Call Report) for the September 30, 2013, report date must be received by Wednesday, October 30, 2013. Certain institutions with foreign offices have an additional five calendar days to submit their reports.
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