Board of Governors of the Federal Reserve SystemFederal Deposit Insurance CorporationOffice of the Comptroller of the CurrencySecurities and Exchange Commission For immediate release December 27, 2013 Agencies Reviewing Treatment of Collateralized Debt Obligations Backed by Trust Preferred Securities under Final Rules Implementing the "Volcker rule" The Federal Reserve Board, the Federal Deposit Insurance Corporation, the Office of the Comptroller of the Currency, and the Securities and … [Read more...]

Release Date: December 23, 2013 For immediate release The Federal Reserve Board on Monday invited public comment on proposed amendments to Regulation A (Extensions of Credit by Federal Reserve Banks) to implement section 1101 of the Dodd-Frank Wall Street Reform and Consumer Protection Act. Section 1101 amended the Federal Reserve's emergency lending authority in section 13(3) of the Federal Reserve Act. As required under the Dodd-Frank Act, the proposed rule is designed to ensure that any … [Read more...]

Release Date: December 20, 2013 For immediate release The Federal Reserve Board on Friday advised large financial institutions to carefully evaluate transactions intended to reduce risk to ensure that, if risks are shifted to a thinly capitalized counterparty or affiliated entity of the firm, any residual risk is effectively captured in the firm's internal capital adequacy assessment. Examiners will closely consider such transactions, and potential residual risks, when evaluating an … [Read more...]

Board of Governors of the Federal Reserve SystemFederal Deposit Insurance CorporationOffice of the Comptroller of the Currency For immediate release December 19, 2013 Agencies Issue FAQ Document Regarding Collateralized Debt Obligations Backed by Trust Preferred Securities under Final Rules Implementing the “Volcker Rule” Three federal financial institution regulatory agencies today issued a FAQ (Frequently Asked Questions) document to provide clarification and guidance to banking entities … [Read more...]

Board of Governors of the Federal Reserve SystemFederal Deposit Insurance CorporationOffice of the Comptroller of the Currency For immediate release December 19, 2013 Agencies Release Annual CRA Asset-Size Threshold Adjustments for Small and Intermediate Small Institutions The federal bank regulatory agencies today announced the annual adjustment to the asset-size thresholds used to define small bank, small savings association, intermediate small bank, and intermediate small savings … [Read more...]

Board of Governors of the Federal Reserve SystemConsumer Financial Protection BureauFederal Deposit Insurance CorporationNational Credit Union AdministrationOffice of the Comptroller of the CurrencySecurities and Exchange Commission For immediate release December 19, 2013 Federal Financial Regulators Extend Comment Period for Proposed Policy Statement on Assessing Diversity Policies and Practices of Regulated Entities Six federal financial regulatory agencies announced today that they are … [Read more...]

Board of Governors of the Federal Reserve SystemFederal Deposit Insurance CorporationNational Credit Union AdministrationOffice of the Comptroller of the Currency For immediate release December 13, 2013 Agencies issue statement on supervisory approach for qualified and non-qualified mortgage loans WASHINGTON--Four federal financial institution regulatory agencies today issued a statement to clarify safety-and-soundness expectations and Community Reinvestment Act (CRA) considerations related to … [Read more...]

Board of Governors of the Federal Reserve SystemFederal Deposit Insurance CorporationNational Credit Union AdministrationOffice of the Comptroller of the Currency For immediate release December 13, 2013 Agencies issue statement on supervisory approach for qualified and non-qualified mortgage loans WASHINGTON--Four federal financial institution regulatory agencies today issued a statement to clarify safety-and-soundness expectations and Community Reinvestment Act (CRA) considerations related to … [Read more...]

Board of Governors of the Federal Reserve SystemConsumer Financial Protection BureauFederal Deposit Insurance CorporationFederal Housing Finance AgencyNational Credit Union AdministrationOffice of the Comptroller of the Currency For immediate release December 12, 2013 Agencies Issue Final Rule to Exempt Subset of Higher-Priced Mortgage Loans from Appraisal Requirements WASHINGTON--Six federal financial regulatory agencies today issued a final rule that creates exemptions from certain appraisal … [Read more...]

Board of Governors of the Federal Reserve SystemConsumer Financial Protection BureauFederal Deposit Insurance CorporationFederal Housing Finance AgencyNational Credit Union AdministrationOffice of the Comptroller of the Currency For immediate release December 12, 2013 Agencies Issue Final Rule to Exempt Subset of Higher-Priced Mortgage Loans from Appraisal Requirements WASHINGTON--Six federal financial regulatory agencies today issued a final rule that creates exemptions from certain appraisal … [Read more...]